Tool guys stock pick chat.

Tool guys stocks chat.
Rules
Don’t use this to pump or bash stocks for your own gain, because the few of us here are not enough to influence a stock price.
Try to post facts. and list “Op” for opinions.
Don't make up stuff not it being a true fact. or stupid arguments will happen.
Likely 5 posts about a stock is plenty… then beak away from the stock for a month. About five comments the limit there.
About five sentences /About one short paragraph the limit.

Put the stock symbol at the beginning of each post. Like ISRG for the original pose and ISRG re; for the following posts.

Example:
ISRG: I like this because 1. 2. 3

*Keep in mind with too much stupid and the Moderator will make short life of this thread.

NTLA

Investment- I am aware of the potential for recognition of a sector to have a bearing on price awarded by market.

I watched Human Nature about the CRISPR breakthrough and was knocked off my feet so immediately did a basic sector review to identify investment opportunities.
Here is one of the cohort I identified and had sent to a friend at the time:



And the the price action as that disclosure took hold in the market outside of specialist participants:


https://invst.ly/t98aw

Investing is 80% paying attention, ten percent knowing how to use an observation in the markets and 10% following through.

I will start off.. (Tr beat me to the first post)
OSS; $3.69
A special computer manufactured for the military, and the like.
IPO was Feb 2 2018 when they were doing about 18 million in revenues.
Annual Revs going back 58.2m 37.0m 27.5m 18.5m
this may be the first profitable year with yearend profitable..(average profitable as one quarter in minus)
I think it will go to $5.00 in 2021. (could go to $7.00)

ISRG: $800 A robotic surgery device maker.
I bot this for $32 and held it now at $800.
They have a new machine just entering the market that could double the company size.
I think it is going to $1,000 in two years or less.
One can see the new machine on their web site.

How is this not "OT"...?

I can see this turning into a political sheet fest in less than qty (1) page.

suggest you try over at seeking alpha...

It is OT: .... should have put that in the title..darn.
At least I said tool in the title...

You are asking for stock picks?
This is the right place on the the net?

Back in 2008 someone told me to just use all my spare money and buy Amazon. I keep on thinking of finally taking his advice and doing it. I wish I did back then.

On the other hand about 6yrs ago I decided to sell virtually all of my stocks and just buy ETF funds instead. I have done a whole lot better with less risk. About the only stock I still own is Google as that seems like a good and safe buy and hold forever deal. Buying stocks is fun and everyone likes to tell stories of their best winners but hardly anyone talks about that one that didn't quite pan out.

Mine was Molycorp. The Chinese decided that they wanted to sell more finished goods and clamped down on export of rare earth metals. Molycorp was setting up a mine out in California. I bought in at $10/share and rode it all the way up to $75or so then back to 0. I think at some point the Chinese realized that if they didn't start selling rare earths again other mines would come online.

Lesson learned if you want to make quick money in stocks you need to watch like a hawk to know when to jump in and when to jump out. Especially with emerging technologies or industries usually a bunch of companies start out and all show promise (think Yahoo, webcrawler, askgeeves, Google, AOL etc...) but only one may make it in the long haul. Of course the one that does make it, can sometimes make it really big.

What I would really like to find is not the perfect stock pick but rather a good fund that tries to own a whole lot of emerging companies while carefully watching over their holdings to drop lemons. Anyone have good fund recommendations for funds that are really good at picking longterm high growth companies? I would really like some exposure in artificial intelligence or some of the other newly emerging technologies.

I really like stuff that you can safely buy and forget for 10yrs.

Sent from my SM-J737V using Tapatalk

Back in 98 the Laborer at a job site told me to put everything I had in AOL.
I said “what’s that”.

He told me it was a internet company.

I said “what’s that”....

The best advice I ever received:"Little pigs get fat, fat pigs get slaughtered"
Karl

I inherited from my Mom Illinois tool works. Great stock name for this forum. It did okay for a few months until I sold it to pay off my mortgage.
Bil lD

Illinois Tool Works - Wikipedia

ITW

Illinois Tool Works Inc. (ITW) Stock Price, News, Quote & History - Yahoo Finance

DIA and QQQ

(I am a Boglehead. I was a Boglehead before I knew who John Bogle was)

Wow, we're all going to get rich!

karl said:

The best advice I ever received:"Little pigs get fat, fat pigs get slaughtered"
Karl

Click to expand...

Bulls make money bears make money pigs get slaughtered.

Bill D said:

I inherited from my Mom Illinois Tool Works. Great stock name for this forum.

Click to expand...

Great company for this forum. Once upon a time they made tools. Good ones. Now it's nothing but a bankster's wet dream.

It did okay for a few months until I sold it to pay off my mortgage.

Click to expand...

Good move. Paid off home is the best investment of all.

I think they used to make car axles and gears. As well as machines to make that stuff. maybe sold hand tools to sears before they disappeared.

I still have my ITW Trigonometry Tables & Involute Functions booklet from about 45 years ago.

michiganbuck said:

I will start off.. (Tr beat me to the first post)

Click to expand...

I have a proven tendency to send musing on market dynamics to friends at 4am as I am reviewing market activity at the start of each day.
I usually provide a standard note- "The block button is at upper right- use as required"...

I fully agree with O'Neil- "The markets are one of the great opportunities investors have".
I will temper my participation here as it is fully possible to hear too much from me on this subject but....
There is a great deal to say about markets and they stand as an opportunity for investment for small shop owners such as the members here on PM.

ITW

Mature stock with clear buy points well in the past and current price structure "exuberant".
This is the type of stock I dismiss after a one minute review.
I am simply late to the game and not interested in testing the stocks ability to continue a hard rally with my hard earned cash.
I am also greedy- I want to open positions where at minimum I see a clear opportunity to realize 100% gain or better.
Will it run to $800- I couldn't care less and will never see this as the one which got away.




Trading books are like sailing books for me now.
It is decades past the time when I needed a book to know how to trade but I still enjoy them as a narrative of how others make their way in the tempest.



I just picked up this one as it was an interesting amateurs story of market participation.
Having some expertise in trading I was able to easily see the heart of his 'formula' for success.
It is well established by more formal and experienced voices in the markets and is well illustrated in the chart for ITW above.

"Buy breakouts"...

Simple right?...


Edit-
You absolutely have to love the byline on cover- "The book they tried to suppress"...LOL
Now that makes me laugh.

There's still a few things on the cheaper side on the market, but for the most part I'm mostly just piling cash and waiting. Eventually the insolvency crisis will come, it just got kicked down the road for a while longer, how long, we'll see.
Stocked up on what I need in the real world though, tooling and food to get through 2021.