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GREENHEAD22
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LafayettebywayofBush
Member since Nov 2009
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Help GH with his shitty stock picks
So awhile back I decided I needed to diversify a little bit in my TDA account since it is 95% energy stocks. Well I proceeded to pick 3 stocks have that have been absolute dogs, UA, CTL and F, I have just got back to green on F and am over 50% down on UA and around 32% down on CTL. So should I just cut my losses on all three? CTL has a pretty stout dividend but have tanked since their last takeover.

What do the great minds of the MB suggest?


This post was edited on 11/4 at 1:38 am


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
950 posts

re: Help GH with his shitty stock picks
What were your goals/reasons for buying these particular stocks, and were they to be long term investments or trades?


GREENHEAD22
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Member since Nov 2009
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re: Help GH with his shitty stock picks
I dont have a lot tied up in them, I had cash just sitting in my TDA account and decided to use it. I chose CTL for the dividend, F was by accident, I had a buy in place from way back that I had forgotten about and it hit when it dropped.
UA was an impulse buy after reading someone on hear talking them up.

I usually stick to what I know, O&G, when it comes to picking individual stocks or when it is a no brainier. (BCS after BREXIT)
This post was edited on 11/4 at 4:14 am


matthew25
Ole Miss Fan
Member since Jun 2012
9425 posts

re: Help GH with his shitty stock picks
AT&T has been beaten down. Dividend excellent @5.8%

GE has also taken a beating, and the dividend is being looked at by mgt. @4.5%

KR - same, b/c of Amazon. I just saw that Amazon is not doing well in the fresh produce delivery to customers, so KR could get some of its mojo back.


GREENHEAD22
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Member since Nov 2009
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re: Help GH with his shitty stock picks
Well I was more asking what to do with the three shitty stocks I already own.


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
39989 posts

re: Help GH with his shitty stock picks
Quit trying to pick stocks.


GREENHEAD22
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LafayettebywayofBush
Member since Nov 2009
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re: Help GH with his shitty stock picks
Well yea this has tought me that lesson, wont be buying anymore individual stocks unless its a damn near sure thing.



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Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
950 posts

re: Help GH with his shitty stock picks
I've been in Ford for several years - mainly because of Mulally's turnaround plans and methodical, rational leadership style. With him gone, I'm less enthusiastic about the stock now. Plus, I think we're near the end of the auto cycle, so sales & profits could suffer going forward. But with the 5%+ dividend, I'll continue to hold it. I won't miss any meals if it underperforms though. If you're investing long term, I think you're OK here, but I wouldn't expect any big profits for awhile.

I owned CTL years ago. Bought it for the dividend and decent forward prospects. But it broke down, so I sold it several years ago. I also sold the only other telecom I owned when it broke down (FTR) last year. Omada would be a good one to give you an opinion on all three, but especially CTL and UAA. I just closed a short on UAA, so I wouldn't be one to recommend owning it.

If you're investing (and not trading), unless you're doing some sound fundamental research, I'd suggest investing in ETFs or mutual funds. Pick sectors that interest you, that you understand, and you'll end up with a basket of stocks, instead of just a one shot deal. I wanted to be in automation earlier this year, but I didn't want to depend on one winner (or loser). So I picked up some BOTZ and ROBO. Both have done quiet well.

Just an idea for you. Good luck.


GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
12428 posts
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re: Help GH with his shitty stock picks
I have an IRA and my 401k for most of my retirement investing. The TD account is mostly just to play around with however I do have some larger positions in some Blue Chips and other companies that I have made a lot of money on that I will hold long-term. Wanting to take the money out of the more speculative please I am in and stick it into my IRA, just trying to decide if I should hold off or go ahead and get out of everything now.


baldona
Auburn Fan
Florida
Member since Feb 2016
7823 posts
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re: Help GH with his shitty stock picks
I'd go all in on Tesla or bitcoin.

You didn't mention your most important lesson, put an expiration date on any trades so it doesn't happen again with F.

The other question is why are you so heavy into Energy? That's going to burn you eventually. I generally don't buy single stocks with more than 5% of my investments.10% Max for those feeling very lucky.

The problem with single stocks is unless you are gambling with a large majority say 30% or more of your money, even a doubling of a single stock really doesn't move your needle enough to justify the risk.


GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
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re: Help GH with his shitty stock picks
Just my TD account is heavy in energy, all my retirement stuff, the IRA and the 401K or all diversified.

I got into all the energy stocks at the bottom and it currently up on all but one.


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GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
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re: Help GH with his shitty stock picks
I would love to short Tesla if I was a little more investment savvy and had the extra money to risk.


arkiebrian
Arkansas Fan
Midtown
Member since Nov 2006
3681 posts

re: Help GH with his shitty stock picks
I do energy stocks too but they are MLPs that pay big dividends and are tax free. Maybe some of yours are MLPs I'm not sure.

I balance these slower-growth big-dividend stocks with tech stocks that I think have or will have the next big thing. I bought APPL years back, obviously that one continues to thrive and is still a good buy now (just wait till the iCar comes out). I bought FB close to its yearly low at about $115 about a year ago (close to $180 now) because I did my research about how that company has really begun to monetize that absurd amount of data they sit on. FB will continue to trend up and will hit $200 before long.

A more recent tech I'm loading up on is Sony. Bought them back in May at about $35 its up to about $48 now. I think Sony is really onto something with its Playstation Vue streaming service. Its way better than Sling. They've also done a good job slinging off poor performing divisions of the company.

The MLPs are also good for short-term income if that's your thing. My dad made his retirement off buying and selling those for decades and did quite well. Two MLPs I've held for awhile are CPLP (oil/gas shipping) & ALDW (Permian basin refinery). There are many others that I'll buy and sell and collect the dividends in the process.

I'm also logging in and checking things and doing research every day. Key is to find that downturn coming and getting out before that happens then putting money into money makers that do well for the slow times. That's the toughest part but I never just let stuff ride I'm always doing my research.

My 2 cents FWIW...


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bayoutiger225
LSU Fan
Member since Nov 2009
271 posts

re: Help GH with his shitty stock picks
How long of a play are you looking for? Dabigfella has caught a lot of crap on here but his VISA and Tesla plays have been well documented.

If you aren't looking for a pump and dump what is stopping you from some mutual funds you can hold on to?


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Finch
LSU Fan
Member since Jun 2015
2146 posts
 Online 

re: Help GH with his shitty stock picks
PRELF

Hive blockchain mining company.


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Volvagia
LSU Fan
Fort Worth
Member since Mar 2006
46038 posts

re: Help GH with his shitty stock picks
To avoid trying to pick stocks, pick undervalued market segments.


GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
12428 posts
 Online 

re: Help GH with his shitty stock picks
Yea I got that. I I appreciate all the input but I dont think I clarified my question enough.

The three stocks I listed in the OP, should I just go ahead and cut bait now or does anyone see a reason I should hold on to any or all for awhile longer. Thinking I should just take my loses and be done with it. Any reason to think F or CTL will have a bounce in the near future? From the other thread on UAA it looks like that one might as well be written off.


Volvagia
LSU Fan
Fort Worth
Member since Mar 2006
46038 posts

re: Help GH with his shitty stock picks
Better question is do you have a better place to put the money or it’s it just a psychological “just because?”

All three seem recoverable in the long term, and some offer an excellent dividend to boot to pay for your time.

I would focus my efforts on divesting my winners into ETFs/funds now and wait and see for these.

I personally don't see a clear cut winner market segment right now that I’d be comfortable deliberately taking a loss to throw money into.

This post was edited on 11/6 at 2:59 am


GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
12428 posts
 Online 

re: Help GH with his shitty stock picks
I dont have anything in particular to put them in, was prob just going to throw the money in one of my ETFs or Mutual that I have in my Roth. I dont need the money but hate to let it sit when I could have it in something that can make money. UA is the one I am worried about not bouncing back, the other two should of the long run.


JamalSanders
Navy Fan
On a boat
Member since Jul 2015
9406 posts

re: Help GH with his shitty stock picks
I'm steady buying more F. But I have 30+ years before retirement.


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