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silver is at bottom

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: Jun. 3, 2015 - 11:29 PM ET #26

good news is silver was down today which means i can buy more cheaper

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Raiders22

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Joined: Dec, 2010

Posts: 24744

Posted: Jun. 4, 2015 - 10:04 PM ET #27

Quote Originally Posted by wallstreetcappers:

I know you are playing your usual game..you are not interested in what I think is a good investment...

But that said, I dont like much of anything in this market. I do not force an investment if I think nothing has value. I will wait until investments I feel are interesting go on sale and purchase at that time.

If I have to wait 1-2-5 yrs, who cares..I for sure am not buying in this market..and I would never ever own silver. If metals get hit and silver goes under 10, then if gold was down a similar amount I would purchase gold. Silver is no hedge, it is a cheap knockoff and if I want to hedge I will hedge..silver to me is a tag along and I am not looking to purchase a tag along.

This is confusing to me. You never answer direct investment questions with direct answers. I assumed with your name that you were interested in discussing things like this?

I wondered why you never responded to a couple of mine I asked you. Specifically I asked your thoughts, directly, on at least two occasions about E-cigs some time ago and you never responded. Are you concerned about being wrong? Man, I have been wrong many times about investments I recommended to folks. But they respect my opinion enough to keep asking and I have given them a lot of nice investments. So they keep asking. There is no harm in giving your opinion and advice. Others can do their research and take it into consideration.

But to flat out say you see nothing at all worth looking into is way oversimplification. There are many, many things worldwide to look at! If you think market is going down or flat---look at other investments than market.

I am like Train. I wish the investment forum here was more active. You would think with it being a sports gambling site that some of that would translate to speculations.

I use other investment forums for this. But really would like to see this one open up.

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Jun. 5, 2015 - 12:49 AM ET #28

Raiders,

What is to be confused about?

If the market is too expensive for me, just because you and Train want me to say something I am for sure not going to name something if I really do not feel there is an opportunity.

All central banks are forcing investors into the markets to chase yield and pump up asset prices. I am not falling for that trap even if it means I keep powder dry for 10 yrs. When someone is literally forcing me into something, that is the point I go in the opposite direction.

I think bonds and stocks are overpriced. I think both do not offer a risk return ratio that benefits me. So I will keep a high high majority of my powder dry and ready when the markets come back...

If I had to name something that if I had ZERO choice, I would probably purchase some TTFS, float shrink ETF....

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Raiders22

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Joined: Dec, 2010

Posts: 24744

Posted: Jun. 5, 2015 - 4:20 AM ET #29

Not just stock markets. There are many many other avenues. Get into real estate. Commodities that have nothing to do with stocks. Currency. So many different stock choices. You can't spend 10 of your best years in money markets?? Not saying risk all of your free capital. But there should be some solid choices if you are an investor with any knowledge or research. Not a trap. Otherwise you will always be on the sidelines.

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: Jun. 5, 2015 - 10:07 AM ET #30

gold and silver getting slaughtered !! how long can this continue

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Jun. 5, 2015 - 11:32 AM ET #31

Quote Originally Posted by Raiders22:

Not just stock markets. There are many many other avenues. Get into real estate. Commodities that have nothing to do with stocks. Currency. So many different stock choices. You can't spend 10 of your best years in money markets?? Not saying risk all of your free capital. But there should be some solid choices if you are an investor with any knowledge or research. Not a trap. Otherwise you will always be on the sidelines.

No thanks on real estate also no thanks on commodities.

I am not some newbie I understand what I am doing and why.

If I feel deflation is coming (which I do and have for a long time) then why would I buy commodities? Most any commodity will get smashed even more with deflation, like we have seen with the complex the last year.

I purchased a house a few yrs ago and got a decent deal, that was the time for an additional purchase..when prices were low. But back then there was no inventory because people were under water and the only inventory was foreclosures and short sales. Short sales took 6 months to materialize (friend did one) and no guarantee of anything since the owners are usually still in living until the end.

I know real estate quite well and for the cap rates available I also do not see the value at these prices..it isnt that much better than buying an overpriced REIT right now and not having the hassle.

I am ok waiting...thanks for the advice but really, I know what I am doing and why and I dont see value in nearly anything right here.

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TRAIN69

Legend

Joined: Oct, 2002

Posts: 54639

Posted: Jun. 5, 2015 - 11:47 AM ET #32

What long term stocks are in your portfolio wallstreet?

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Jun. 5, 2015 - 2:20 PM ET #33

Quote Originally Posted by TRAIN69:

What long term stocks are in your portfolio wallstreet?

Already stated this..

What is long term in this market, a week or a month?

No I am seriously holding cash only and a very small bearish bet that is in the red but nothing of any size.

For sure I am not holding ANY penny stocks though...

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Raiders22

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Joined: Dec, 2010

Posts: 24744

Posted: Jun. 5, 2015 - 5:10 PM ET #34

I am not so sure about this. Even the old gambling adage of scared money not making money has merit here.

I have been doing this a very long time and do it very well. There are always markets to look into. Real estate has some very, very good areas right now. Rates are great! Yes. Long term is way way longer than a year. You have to be careful if you simply hold cash. Because inflation will eat into it.

I am not saying you are new. But plenty of good commodities when stocks are not your choice or real estate or currency or bonds. So, so many choices.

You absolutely have to plan for retirement. Unless you already have a tremendous amount of cash and/or really not need that much in retirement.

Sometimes the sidelines can be just as dangerous.

I certainly am not advocating puttin all cash anywhere at one time. And never endorse penny stocks or really any one stock.

But I really wish you would consider opening up your choices.

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Jun. 5, 2015 - 8:36 PM ET #35

Thanks but I am quite comfy with my approach to investing.

I got my licenses during the tech boom, was a 24 and 55 as well, I have traded currencies (still do) through my LLC did an investment rehab flip a few years ago..

I dont really need advice about retirement or investing..but if you have some opinions I am sure many people could find value in what you might say..not that I dont like stock ideas but in general I dont need counsel about long term, retirement, other markets, real estate etc etc etc....

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Raiders22

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Posted: Jun. 5, 2015 - 11:08 PM ET #36

If you aren't debt free and retirement set. We can all use advice. Hard to ignore all advice. I'm ok with folks hanging onto cash at times and some at all times.

But as you and I have discussed before the compound interest is so amazing. Dollar cost averaging. If you have the background then you have to understand the long term advantage of doing something with funds.

But as I say to each his own. Lotta people still have the bury the money in the ground mentality. I always recommend preparing for retirement. The reason we have SS is because people don't plan to get old. If someone really started out to be debt free---they could. As we have discussed many times.

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wallstreetcappers

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Posted: Jun. 5, 2015 - 11:30 PM ET #37

Being from the industry I also know what drives a market and when the driver is healthy and when it is not.

I dont feel the move in the markets for the last 5 yrs is due to economic growth and activity, rather solely from the actions of central bankers and that to me is not a reason to own stocks or any investments that can dramatically drop in value.

At least with a low interest rate home loan you can LIVE in the home, even if it drops in value..with a stock or commodity investment if it drops there is nothing you can do outside of silly dollar cost averaging. Dollar cost averaging in a down market is for chumps, it is an excuse for advisors to sell more products and make commissions. I like the idea of DCA when you are reinvesting dividends or building a position into a market which is reasonably valued.

When the reasons the market go up is financial engineering and everyone is PUSHING you into the market, are you not smart enough to know when the market is pushing you it is for its financial gain and to the detriment of the investor?

I know that the market is a sales pitch only, I do not listen to market advice from investment "professionals" I am capable of doing my own research and I am more interested in why the market is at the price it is..not that "you have no choice so you have to be in the market" and using the past as an excuse for being fully invested.

I am quite happy sitting on the sidelines while everyone else will be pushed in.

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Raiders22

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Joined: Dec, 2010

Posts: 24744

Posted: Jun. 6, 2015 - 12:09 AM ET #38

Yes. You are correct in a lot of that and I agree with you. But long term compound interest toward retirement cannot be ignored.

I am just saying that when you have a name like you have folks assume you might have suggestions. And you should be able to make suggestions. But you can qualify like you did and simply say you are not in the market for 5 years or so because you are awaited away and don't want to risk anything at this time.

But I feel it is okay for you to make educated suggestions for people that are legitimately interested. People know they should plan for retirement--instead of having to work into their 60s or even 70s. It is great to be able to retire early. That is so hard to do without proper investing and planning.

Also, for the speculators, there is nothing wrong with suggesting certain things for them to put risk capital into. Even if you are not doing it yourself---you should have the ability and experience to give sound suggestions. And sometimes doing nothing is okay. But there are lots of things to suggest to people to look into, without actually being a pusher.

I agree penny stocks is not one! Haha!

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Jun. 6, 2015 - 12:31 AM ET #39

Well you have not been around this forum for 5 yrs, but I have and my comments are usually sharply to the conservative side and prudent in my approach.

I wont name a stock if I were not going to buy it myself. I have given many comments about stocks and the market, and about investing...but since you have not been around all that long you would not know this.

We have discussed many stocks, many concepts and many ideas about general investing..we have discussed options and had a very active Forex thread for several years. You are welcome to give input and insight here and anywhere on the site, this for sure is not my corner only nor does anyone need to fear asking a question. If the question is sincere and the poster is not intentionally trying to bait or provoke, I've usually been pretty good about giving my 2 cents quite often.

Good luck...

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Raiders22

Hall of Fame

Joined: Dec, 2010

Posts: 24744

Posted: Jun. 6, 2015 - 1:14 AM ET #40

Yeah. I'll take your word for it. I didn't get the feeling he meant it that way. I thought he was sincere. Five years is a long time to be on the sidelines though. But sometimes it is the right choice. Hard to lose money that way.

It would be helpful for discussion here though and it would be nice to see the forum open up some.

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BIGfnPOO

MVP

Joined: Jun, 2006

Posts: 18880

Posted: Jun. 6, 2015 - 8:17 PM ET #41

Quote Originally Posted by wallstreetcappers:

I dont know if investing because of a historic ratio means much..

I personally would not buy silver over 10 bucks...but that is just me.

John morgan ,financier, told me that if silver ever hits 35, jp morgan will lose billion$.

bigFnPOO

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TRAIN69

Legend

Joined: Oct, 2002

Posts: 54639

Posted: Jun. 7, 2015 - 3:40 PM ET #42

Its all good Wall. Im new at the stock market and really only intend to dabble. I dont have the time or money to become serious. Basically looking for an extension of my gambling in all honesty.

If you have a minute, will you look at PMCB for me. Ive read all the articles I can find, but something seems off. I have a healthcare background, and if (that if is literally a multi billion $ question) their science works (not a drug, but a delivery method), then they will be huge or at the very least will get bought out by a big boy. Now, my problems are: why is the stock only .15c, and if they are doing all these trials, how are they spending so little on R & D? Also, they keep putting out articles and even a 30 minute company documentary. The science seems legit, and they own several patents. Is the company legit, or is this fantasy island?

If ya dont wanna check it out, thats cool. Just thought a guy with way more experience can read between the lines and spot BS or potential.

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wallstreetcappers

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Joined: Feb, 2003

Posts: 56778

Posted: Jun. 7, 2015 - 10:41 PM ET #43

Well a few things and a few comments...

First, the company has the technology already figured out, you state that and from what I read that is the case. So the need for R&D doesnt really exist, they are a one trick pony right now. R&D is for developing new products, well they arent doing that. They are focusing on selling and marketing their technology and process, so look at their income statement and notice they are shifting from SGA focus to more R&D and that tells me something without looking...

It tells me in 2014 they likely thought they had it figured out and werent spending on R&D but the last two quarters they started spending more on R&D and less on SGA...so to me that means they are back to fixing or improving their technology/processes because they had to.

About the stock...I dont think there is great value based on what I see for the following reasons..

Dont focus on the stock price, focus on the market cap..

https://finance.yahoo.com/q/is?s=PMCB

https://finance.yahoo.com/q/bs?s=PMCB+Balance+Sheet&annual

The market cap of the stock is over 100 million, there are no sales and they will keep floating stock when they need more money...so unless some sales start coming the number of shares will keep increasing because that is how they get money to fund operations.

I guess your risk isnt that high and if you believe their process will gain traction down the road it could turn into a nice investment, but if the stock went back to 40 cents that would make the market cap of the company at like 250 million..thats at only 40 cents.

I think its a crap shoot but sometimes if you have done your homework and feel like you know something the market doesnt, then give it a shot.

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TRAIN69

Legend

Joined: Oct, 2002

Posts: 54639

Posted: Jun. 8, 2015 - 9:49 AM ET #44

Really appreciate the thoughts. Do you think the company itself is legit? A ton of penny stocks are start ups and have no reports, info or a website. PMCB has all that, but they have been tooting their horn a lot lately with no movement in price. Like you said, they have already diluted themselves, so they are gonna have to hit a homerun to send the price through the roof for an investment to be worth it. Like I said, if the science is legit this is a multi billion dollar company....however, if the company itself is crap it wont matter.

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Raiders22

Hall of Fame

Joined: Dec, 2010

Posts: 24744

Posted: Jun. 9, 2015 - 8:55 AM ET #45

Quote Originally Posted by TRAIN69:

Its all good Wall. Im new at the stock market and really only intend to dabble. I dont have the time or money to become serious. Basically looking for an extension of my gambling in all honesty.

Define 'dabble'. Are you looking to get started investing? Is this supplemental to a 401k? Or did someone recommend penny stocks to you?

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Raiders22

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Posted: Jun. 9, 2015 - 9:03 AM ET #46

If you are just fiddling around with pennystocks---there are a couple of good articles some years ago about assessing them. I can dig them up or you can yahoo them. Or did someone simply recommend this one?

Pennystocks should not really be used for investment to me. They should be used simply as a gamble. Maybe like hitting a multi-team parlay. Very unlikely to hit. But from time to time...

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TRAIN69

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Joined: Oct, 2002

Posts: 54639

Posted: Jun. 9, 2015 - 10:57 AM ET #47

Quote Originally Posted by Raiders22:

If you are just fiddling around with pennystocks---there are a couple of good articles some years ago about assessing them. I can dig them up or you can yahoo them. Or did someone simply recommend this one?

Pennystocks should not really be used for investm ent to me. They should be used simply as a gamble. Maybe like hitting a multi-team parlay. Very unlikely to hit. But from time to time...

Yep, dabble means small money to gamble on long shots (pennystocks). I have a 401k, but this isnt really for investing. Nobody recommended PMCB to me. Its baseball season and I basically take the summer off. Ive had a td and scottrade account open for awhile and put small change in them a couple months ago and started looking at companies. Im a parlay guy...i'd rather have 4,000 shares of PMCB than 1 of Apple. Probably very foolish, but thats just me. I also am no moron, i know the odds are against me....but thats half the "fun". Im open to all thoughts and advice.

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: Jun. 29, 2015 - 9:58 AM ET #48

stock market is a mess at the moment ,this might be your last chance before silver goes to the moon

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noguts

Prospect

Joined: Sep, 2014

Posts: 339

Posted: Jun. 29, 2015 - 10:08 AM ET #49

china market down 20 percent last week, greek default and puerto rico bond market crash.Everyone get ready to get slaughtered.I am buying as much as i can today before they are sold out .

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SashimiKid

Veteran

Joined: Sep, 2009

Posts: 2090

Posted: Jul. 15, 2015 - 11:02 AM ET #50

Quote Originally Posted by noguts:

china market down 20 percent last week, greek default and puerto rico bond market crash.Everyone get ready to get slaughtered.I am buying as much as i can today before they are sold out .

If the world's markets and economies tank like you think they will silver will get hammered below $10..open your eyes man

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silver is at bottom

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