PM gambleholic63

gambleholic63

gambleholic63
Veteran
Participation Meter
Posts: 2744
Member Since: January 2012
Last Activity: 20 July 2019
Status: Offline
About me:
Signature:
Profile Entries Posts Activity

…..just trying to help point you towards a long term plan that will make you money. The bid/ask spreads on the penny stocks are simply cost prohibitive when constructing a sound investment strategy. Thus, recommending others get involved (imho) in penny stocks, is generally really bad advice. 

22

sfg8....penny stocks are a waste of time. I will keep preaching as long you continue posting about these garbage companies. I gave you the lowdown on SHMP several months ago....the concept might be OK, but the stock is a joke. A few weeks ago I checked the spreads on the bid and ask on some of your pennies and it's worse than I imagined. Some of them have 200-300% spreads....Bid at .01 with an ask of .025? Jesus...it's simply highway robbery but it's legal as long as you participate willingly.

If you want to make money, stop gambling on worthless junk. Just my 2 cents.

22
gambleholic63 replied to BITCOIN CAUSES GLOBAL WARMING
in Investments

Hawky….congrats on Bitcoin. It looks like you nailed the bottom. I suppose, if you read the Bitcoin threads here, you know I'm not convinced on long term gains from these levels at 10k or above. It seems that even the people that have made a fortune on it, like yourself, are conflicted in what its usage looks like in the long term future. Is it a currency? Is it a safe haven like gold? Is it a stock like asset/security? 

For me, it fails on all counts. It's too volatile to be a reliable currency or safe haven and it's transaction fees make it far inferior to cash or credit card and debit card transactions. If fails to pay a dividend or provide a stream of future earnings independent of speculative price appreciation, so it fails on all counts.

With the current landscape of regulatory pressure from countries all over the world, Bitcoin remains what it has always been...a speculative investment which will depend on someone paying more for it than the person before them. 

As far as causing global warming? Global warming started way prior to bitcoin.....but it undoubtedly is contributing as it consumes energy. 

13

No deal yet....I suppose it really is all about the Fed. I'm silently optimistic but feel like something isn't right....I might be watching too much Guy Adami on Fast Money. That guy has been short the market all year and is taking a bath, yet keeps preaching that the end is coming. 

Stay tuned!

9
gambleholic63 replied to #KawhiIsStaying
in NBA Betting

PB....if you wonder why people give you grief here, it's because you are the opposite of a class act. You present yourself as someone I would never choose to be a friend with (referencing your previous post weeks ago). Constantly demeaning and insulting people just makes you look like a lost soul. 

If the mods are indeed reading what's going on here, they will do us all a favor and act accordingly.

 

99
gambleholic63 replied to 2nd half 19...finish strong!
in Investments

The second half looks prosperous. The good news last week on the jobs report might cause Powell to hesitate to pull the trigger on his implied 1/4 point rate cut, but to my eye a stronger economy not in need of a rate cut is an economy better positioned to continue the bull beyond what .25 points can do. I say keep the bullets in the chamber and let the markets deal with it in the short term. 

SFG8....if there is one thing I consistently preach here beyond my specific stock picks, it is to leave penny stocks alone. Kona Gold has it's hooks in you and it shouldn't. PLEASE go back and check out the charts back to 2011. Virtually EVERYONE that has touched this "gold" has been burned. This company has been diluted and diluted and diluted while the CEO (and others), I am sure, are living quite nicely. 

You stated in another thread that they hit $700,000 in sales this past quarter. If they keep that up, they can hit revenues of 2.8m. On that, profits will still be less than a million bucks and it will be their most successful year ever. Kona Gold is not an investible company and its stock price reflects that. My recommendation is to put your money elsewhere, maybe somewhere that pays a dividend.

30
gambleholic63 replied to #KawhiIsStaying
in NBA Betting

Just because the Clippers don't have a winning history does not mean that they can't win in 2020. The fact is that they are now the favorite based on July 8th, 2019 odds. Regardless of whatever it was that you "THOUGHT" was best for Kawhi, it was Kawhi that made the decision to play back in the hometown that he grew up in. Toronto, no matter how great it is, wasn't home. Toronto was never more than a pit stop.....a productive pit stop, but no more.

Further, as far as the Clippers "fan base" goes, wait and see how many sellouts happen this upcoming season. Winning has that effect.

99
gambleholic63 replied to #KawhiIsStaying
in NBA Betting

It's official. Kawhi is going west. 

The Clippers are on the rise.

Toronto deserved better, but Kawhi did deliver a title. The flight risk at 7-1 was bad business. Toronto future players can now likely get 30-1.

99
gambleholic63 replied to 1st half 19 thread
in Investments

Buck. I was expecting that this market was gassed out two weeks ago. However, if you look at the 200 and 100 day moving averages, a technical analyst might tell you that we are nearing another breakout. The markets have basically done nothing since January of 2018 and each downdraft, so far, has been a buying opportunity.

I still expect that the markets are gassed out as you say, but I am just hanging on for the ride. 

166
gambleholic63 replied to #KawhiIsStaying
in NBA Betting

pack...yeah, the variance on these futures is a little bit nuts.....but that's because it's worth it for the books to put numbers out there that draw action. After all, how often does a book lose money on futures? It's a very profitable aspect of their business.

99
gambleholic63 replied to #KawhiIsStaying
in NBA Betting

Come on Phillip. Saying they have 0% chance WITH him just shows your ignorance. I believe if he stays, they are the 2nd favorite at worst and most definitely the favorite in the east. 

If he leaves, they drop to a longer shot than the current 12-1. That's why I said the 7-1 was bad business....it's basically the price if he stays. 

99
gambleholic63 replied to NBA Free Agency 2019
in NBA Betting

The money is getting insane. When guys like Middleton are making 35m and bench players are making 18 (Rozier to Hornets), you have to wonder when the NBA bubble is going to pop. 

As far as analysis, I would hesitate to call the Nets big winners. They are essentially paying Durant 50m a season and what happens if he comes back slow and old, and not a top 5 player? I suppose it was a gamble someone was going to take, but I will have to see it to believe it 

Golden State is far from a lock to get a top 4 seed despite their pickup of DeAngelo. If Leonard ends up in LAC land, Golden State drops even further in the west. Portland, Utah, Denver, Houston, LAL, OKC, and the LAC with Leonard will all be better than the Warriors. The bigger question is are they a lock to make the playoffs? I agree with Slowbait on your #3 seed comment. Maybe you were joking?

13
gambleholic63 replied to #KawhiIsStaying
in NBA Betting

@ Las Vegas Caesars Sportsbook at 10:50 pm est

99
gambleholic63 replied to #KawhiIsStaying
in NBA Betting

NBA Title Odds 2020: Lakers 2-1, Bucks 4-1, Clippers 8-1, Sixers 17-2, Rockets 9-1, Raptors 12-1. 

7/1 seemed like bad business because it was bad business. 

Too much flight risk

99

When I read a thread like this (they pop up every few months), I always get amused by the high percentage of posters offering encouragement when a significantly below 1% actually succeed. 

And by succeed, I mean you are paying all of your bills with enough profits to pay your taxes and put 10-15% of your pre tax earnings into a retirement fund. Remember, as a self employed individual, saving for retirement is crucial. There will be periods, if not years, when you will have significant losses. If you end up broke even once, you just become part of the 99.9% of people that thought they could beat the system

If we were having this discussion atop a 300 foot high cliff over the ocean, I would not encourage you to jump when 99/100 perished before you. 

 

28
gambleholic63 replied to #KawhiIsStaying
in NBA Betting

The Lakers currently have THREE players on their roster. It would be truly incredible if they were able to assemble a rotation with enough depth to win a title....don't hold your breath.

99
gambleholic63 replied to #KawhiIsStaying
in NBA Betting

Dave....this is one time I agree with your take 100%. Without Kawhi, Toronto has the same odds at a title as Brooklyn or Denver....basically a long shot at 25/1 or worse. If Kawhi stays, I don't see the odds dropping much at all just as you say. Taking on the Kawhi flight risk, plus the season long injury risk seems like bad business at 7/1. The odds of a better in season futures bet are almost a certainty. All that said, and today I am seeing 10/1 out there. 

99

You should be warned that investing with borrowed money is a very risky strategy. What is the rate on the 30K loan? My guess is that it's probably 5% at best considering your credit score. This means that whatever you invest in, you need to make at least that to break even. Investing in this fashion makes it very hard to show a profit unless you get incredibly lucky. 

My advice would be to pay back the 30K and figure out another way to make money. 

FYI....a short story.

25 years ago I had a friend that inherited a house free and clear. The house was only worth 75K at the time, so he took out a 75K loan with American General with the idea that paying back the loan would be easy with the 75K he just picked up. He consulted with me the very same day he signed the paperwork and asked me to review the contract. The interest rate was 11.9% so I advised him to IMMEDIATELY go back to American General and reverse the process and cancel the loan. I told him whatever fee they would charge to cancel the entire process would be worth it.

He didn't. Instead he and his wife went on several vacations and paid the loan out of the money pot at the 11.9% rate. Long story short, the money ran out within a few years and American General foreclosed on the house. So, minus the vacation money spending, American General picked up the house for pennies on the dollar. 

10
gambleholic63 replied to 1st half 19 thread
in Investments

This market is incredibly propped up. We have positive vibes on trade which gives me deja vu and we have the fed lurking with rate cuts. Globally, central banks continue to be accommodating. The propping up of these markets is like I have never seen before. 

Here we sit at all time highs while an overwhelming majority calls for another market swoon to the downside. This time I agree. Our markets have been atop this perch several times over the past two years with the same disappointing result. If ever a market looked ripe for a downswing followed by more sideways movement, it's this one. Are the markets truly becoming an economic placebo? Markets go up = people feel good? Markets go down = people feel bad?

Next year could be a different story. Trump will feel the pressure to get the China deal done in an election year if it doesn't get done in 2019. 

I will be the first to say that predicting the markets is an exercise in futility.....thus, I stay long and hang on for the ride.

166

No chance they tank the same year they move into their new arena.

7

No followers currently

not following anyone currently

Thread Title Last Activity Created Posts
High Risk High Reward .. inside July 21, 2019 22
BITCOIN CAUSES GLOBAL WARMING July 16, 2019 13
So....if Trump closes a deal with China? July 13, 2019 9
Desktop View: Switch to Mobile View