Saw the ZS report - Saw Saul’s comment - loved report - agreed with Saul…So:
Added a little to ZS - then thought about it - then sold CFLY - rolled it all over into ZS.
Be still my thumping heart. While I am not sure that the market is actually stupid - I do think people are panicked just now and coming down on the shoot first and ask questions later.
Now…in spite of my feeling that ZS will not get knocked down to anywhere near the level I added at today - it really doesn’t matter all that much. Today was a gift - in my very humble opinion, and I expect to make book tomorrow on the shares I added today; however, ZS is a proven leader in a field that is only going to grow. Nuff said and we’ll see.
Saul said to tell MSlob to think about buying more ZS.
Thats not an exact quote, exactly; but rather a somewhat loose interpretation.
5:
Well done on MNDY. I’ve been adding but loath to sell out before $200. The only thing better than High Confidence stocks going up is all the little opportunities the market gives us to book additional profits now and then along the way.
I see it a lot like this: lets say you live in North Carolina but want to drive to Newport Beach in California. Well…if you have a brain in your head and keep driving eventually you’ll get to Newport Beach. Then you be sure and take your wife to Seaside Gallery and Gifts where its almost guaranteed she will spend some of your bucks. Now keep in mind that along the way to Newport Beach where you can delight your wife by taking her to Seaside Gallery and Gifts - you will have to stop numerous times to fill your tank with gas or charge up the ole EV. Now that is just like all the little opportunities to buy and sell TBs along the markets drive to California. See how that works?
The TBs are genius. I haven’t added to my repertoire yet as I need to build a good cash position to do so.
This seems like a great time to find one or two companies & know when they are gonna drop & when they are gonna bounce. Has felt like that for about six months.
Similar to knowing your favorite sports team. You can almost feel when they are going to get up for a game & try hard & when they don’t care & prob not going to cover.
I don’t bet sports, but that is how I would if I did. Pick a team such as UNC, Cleveland with Lebron. I had strong feelings on when they would be wanting to win vs not caring.
You could almost feel the wins vs losses. Same with your TBs. Be smart enough to feel the dip & buy & then sell the TB when it gains. The 3 month charts gives you a good idea of these dips & rises for a company such as MELI or many others. I will try to pick one & play the TB game to success this year.
Thanks Champ, appreciate you & all the others who share their time here.
The thing about TBs is that the market is in constant motion: up and down. And if you use/add them only on Higher Confidence positons as addendum shares on top of the portfolio allocations you deem correct for your portfolio - then worse that can happen is that you might wind up holding the additional TB allocation longer than you like. And if thats the case so what - you carry 10-15% more shares of your best ideas.
Thats why I usually use dips of 3% or greater to add - and then the TBs are between 10% and 15% additional shares. Truthfully they work better in a more stable market so I am currently using them at only about a 15-20% rate this year when compared to last year.
Word of Caution: Some folks equate this to day trading or attempting to time the market. Honestly it is nothing of the sort. You might note that Saul is using margin to try to run up the score when things turn around. With the Growth sell-off its perhaps an excellent strategy when used in a non-gambling, analytical format and with moderate amounts. And Saul is not gambling: He is looking at the Sell-Off and determining that in the future the market for his Growth companies will be better. But isn’t that timing the market also? If the Saul example was somebody else doing it without the Saul knowledge and experience I might tend to think so - however, with Saul I don’t think so at all. Same with using TBs under a specific limited strategy based program for High Confidence companies. All of which is just my personal opinion of course.
All the Best,
Note: Say - if convenient think about picking up a few cans of Dinty Moore Beef Stew or something similar and drop them off at your church or local food bank. Hungry families would appreciate it.
You are too wise. You are correct, someone without the knowledge could get burned. Note taken. As is the donation of food.
We will bring some & donate our time as anyone should who is in that position to do so. People don’t choose to be hungry, they just are and want a little food to keep ‘em going.
Well…“wise” is not the descriptive adjective the All-Too-Lovely uses. More to the point I suppose and more in line with the beginning of this thread - ZS, which I pontificated on, has already breached the price level that I thought wouldn’t be breached today. Course - we haven’t closed the market shop yet today so perhaps the good market peoples will somehow get unspooked on ZS and stampede back this way to ride to the rescue. So much for wise.
