Damn I Should Have Invested in Ammo Companies...

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

Shadowrider

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Jan 28, 2008
Messages
21,532
Reaction score
9,350
Location
Tornado Alley
Ammo and gun company profits are rounding errors for most tech companies. Not usually worth my time, the 3 year chart for OLN isn't impressive.
I totally agree. I don't view them as "investments", rather more of a long swing trade. The last couple of elections it would have been good to buy about 9-12 months before the election. Then just sit on it while riding it up and jump off with a double afterwards. My problem is I can't read elections worth a damn and missed the boat! When my kids ask "who will win" from here on out my reply is going to be "I have no freaking clue because the American voter is a complete psycho".
 

zghorner

Sharpshooter
Special Hen
Joined
Oct 1, 2014
Messages
2,560
Reaction score
944
Location
se okc / tinker aea
Zghorner and JD8 have both giving good advice.Buffet use to say i wouldn't hold a stock for 10 minutes if i own it for 10 years.People that i know that bought AAPL in 2010 and NFLX around that same time and just held it have created alot of wealth.It is nice to make 40 or 50 dollars a share profit.It is even nicer to have bought 400 shares of a stock like AAPL and by not touching it 10 years later you have over 10,000 shares.AAPl had a 7 for 1 stock split in 2014 and a 4 for 1 stock split a few months ago.
52d4bdf3ea4d8c08810ebee5b3011157.jpg
 

zghorner

Sharpshooter
Special Hen
Joined
Oct 1, 2014
Messages
2,560
Reaction score
944
Location
se okc / tinker aea
How long have you been dabbling in Trades/Stocks?
since yesterday.

looking for investors that are interested in a 1% chance of making big money, and a 99% chance of losing 100% of their investment.

Either Yacht full of 25yr old prostitutes OR homeless living in a cardboard box behind a waffle house. No in-between.
 

JD8

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Jun 13, 2005
Messages
32,902
Reaction score
46,001
Location
Tulsa
since yesterday.

looking for investors that are interested in a 1% chance of making big money, and a 99% chance of losing 100% of their investment.

Either Yacht full of 25yr old prostitutes OR homeless living in a cardboard box behind a waffle house. No in-between.
200.gif
 

-Pjackso

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Jun 25, 2009
Messages
1,098
Reaction score
877
Location
OKC
based off of moving averages. when something is "strong" it is trending upwards above several moving averages 200, 50, and 20 day SMA.

How do you FIND the trends?
I.e. what program do you use to track indexes?

When you find a trend doing greater then its moving average - when do you call it a (growing trend) versus a (temporary blip)?
Do you use a x% over SMA sustained over Y-days of trading? Which SMA (x days) works best for you?
 

zghorner

Sharpshooter
Special Hen
Joined
Oct 1, 2014
Messages
2,560
Reaction score
944
Location
se okc / tinker aea
How do you FIND the trends?
I.e. what program do you use to track indexes?

When you find a trend doing greater then its moving average - when do you call it a (growing trend) versus a (temporary blip)?
Do you use a x% over SMA sustained over Y-days of trading? Which SMA (x days) works best for you?

I used a paid screener (marketsmith) for a while but decided it wasn't worth the money when sites like finviz give nearly the same information for free. You can screen for stocks that are trending up or down based on moving averages and then you have to determine for yourself if the trend will continue. You can do this several ways but I recommend you Look into CANSLIM to help you see whether or not the trend is likely to continue...increased sales growth quarter over quarter, institutional ownership to support the price, something "special" that is likely going to accelerate growth in the future (remember the market is forward looking), etc...for the bear side I like to see poor performance financially and looking at the charts I like to see the highest volume days RED which more than likely indicates negativity from big players. pretty much just the opposite. Keep them coming I could talk trading all day buddy.

 

Latest posts

Top Bottom