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ArgentCy said:
Nice move but you're seeing resistance start right now about 14.86 (50 week MA and several gaps).
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I know, I'm gambling on the restructure at this point and getting a pay day. One thing our government is good at, not letting millionaires/billionaires lose their money. Anybody who was an investor at $40/share will want something for their trouble in the restructure.
 
bos said:
I kick myself on the amazon, Microsoft, and Netflix I sold back in the day. Oof. I’m a bit more willing to wait now.
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Be right and sit tight. Extremely easy to say and extremely hard to do.
 
  • Winner
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jpete24 said:
Agree totally. You got an idea for no glutton cupcake/healthy smoothie/yoga/hooka bar? Alright, start that business up!


5-years later.......
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I hate to see things fail, but sometimes it’s obvious why. Glad people are still able to try though.
 
jpete24 said:
Really? All the businesses I see can't find enough people for jobs. It's an employees market right now.

I think the first couple things you said were right though, but I'm not sure if the job market is going to necessarily reflect what happens to wall street this time. There isn't enough people to do the work right now.
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not directed at you - just the thought. I am so sick and tired of hearing employers whine about not having good employees. Drive down Duff and every business has a "now hiring" sign and they have had it out for years. Pay more. It's that simple. Can't find good employees? Pay more. Can't find enough employees? Pay more. Offer training. Encourage employees with a plan for how they'll grow in your company. Motivate them.
 
  • Agree
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And I'll post this date for a certain Site Mod who just loves these dates. Had a recent turn 2020.05 (last weekend). Happened to time perfectly with a bubble like move in Palladium and some shifts in other markets. Needed a little more of that white metal.
 
mtowncyclone13 said:
not directed at you - just the thought. I am so sick and tired of hearing employers whine about not having good employees. Drive down Duff and every business has a "now hiring" sign and they have had it out for years. Pay more. It's that simple. Can't find good employees? Pay more. Can't find enough employees? Pay more. Offer training. Encourage employees with a plan for how they'll grow in your company. Motivate them.
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It's easy to find employees. It costs a lot of money to find good employees, and keep those employees.
 
mtowncyclone13 said:
not directed at you - just the thought. I am so sick and tired of hearing employers whine about not having good employees. Drive down Duff and every business has a "now hiring" sign and they have had it out for years. Pay more. It's that simple. Can't find good employees? Pay more. Can't find enough employees? Pay more. Offer training. Encourage employees with a plan for how they'll grow in your company. Motivate them.
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That's true on the low skill end. Those employers are really limited by what customers are willing to pay for a hamburger (and that isn't much). But I'm sick of the high skill end. So many employers post jobs they have no intention of ever filling. Either trying to keep some tax credits or for some other game but I'm not buying your schtick anymore.
 
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jpete24 said:
It's easy to find employees. It costs a lot of money to find good employees, and keep those employees.
Click to expand...
mtowncyclone13 said:
not directed at you - just the thought. I am so sick and tired of hearing employers whine about not having good employees. Drive down Duff and every business has a "now hiring" sign and they have had it out for years. Pay more. It's that simple. Can't find good employees? Pay more. Can't find enough employees? Pay more. Offer training. Encourage employees with a plan for how they'll grow in your company. Motivate them.
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Definitely truths to both posts. It’s a tough deal for employers.
 
bos said:
I really liked learning the hard way. Glutton for punishment I guess. I’m a smidge wiser now....I think.
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I did this for our investment club a couple meetings ago and it was pretty interesting. I think I picked like a 2013 statement and went through all the stocks they owned at the time. Almost all of the buys were good (I mean it was a pretty good 10 years). However, there were 3 stocks or so that if we had just held them over the years they would have been much better off. The others were pretty so so or up a little. TMO (Thermo Fisher), RMD and ICLR (this one we actually held and sold some on the way up) the others they sold long ago. They also bought a ton of Autozone when it was at a normal price like under $50. The guy running it didn't like stocks over $100 in price. Well that thing is now like $1,100 / share (and a big sham at that IMO) but doesn't mean they didn't leave a ton of money on the table.
 
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bos said:
Definitely truths to both posts. It’s a tough deal for employers.
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This is a kind of deeper thought, but the entire point of every industry is to extract money from people and put it into your pocket. How you do that is up to you. If an industry or business works on razor-thin margins, can't find good employees, legitimately offers no career advancement (as motivation to keep good employees) then why not find another line of work? Why struggle with all of this?

My company pays new grads $60k. If there aren't enough new grads then take people with great soft skills and train them to be managers or salesman, or whatever you need. Take a chance on people.
 
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mtowncyclone13 said:
This is a kind of deeper thought, but the entire point of every industry is to extract money from people and put it into your pocket. How you do that is up to you. If an industry or business works on razor-thin margins, can't find good employees, legitimately offers no career advancement (as motivation to keep good employees) then why not find another line of work? Why struggle with all of this?

My company pays new grads $60k. If there aren't enough new grads then take people with great soft skills and train them to be managers or salesman, or whatever you need. Take a chance on people.
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Getting a little off topic here. The point of business is to serve your customers. McDonalds customers are hungry and they make them food for a profit. Win-win. Are there companies whose management forgets this, certainly, but they tend not to last very long.
 
ArgentCy said:
Getting a little off topic here. The point of business is to serve your customers. McDonalds customers are hungry and they make them food for a profit. Win-win. Are there companies whose management forgets this, certainly, but they tend not to last very long.
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Disagree with this in a thread about stocks in particular. The point of a (traded) business is to provide profits to shareholders. This always is achieved by creating a product that customers will pay for. You can do that in many different ways. Apple and Comcast have different ways of doing this for example. But the end game is to make profits - and this comes with a whole host of incentives with respect to how employees are treated. I will stop there to avoid getting anywhere near a political conversation.
 
jpete24 said:
Really? All the businesses I see can't find enough people for jobs. It's an employees market right now.

I think the first couple things you said were right though, but I'm not sure if the job market is going to necessarily reflect what happens to wall street this time. There isn't enough people to do the work right now.
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Not arguing that... unemployment is still relatively low, but I am seeing lots of small businesses closing doors..... and perhaps its just my perception. Maybe it's just the amazon effect. IDK. but we are also on the heels of some pretty large cuts to the automotive sector as well. Feels a lot like the beginnig of the mid/late oughts to me...
 
jpete24 said:
Really? All the businesses I see can't find enough people for jobs. It's an employees market right now.

I think the first couple things you said were right though, but I'm not sure if the job market is going to necessarily reflect what happens to wall street this time. There isn't enough people to do the work right now.
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https://www.businessinsider.com/stores-closing-in-2019-list-2019-3

https://www.cnbc.com/2019/12/27/for...-that-rocked-the-retail-industry-in-2019.html

https://markets.businessinsider.com...orst-years-layoffs-job-cuts-2020-1-1028791832
 
Found an article but I think it's very important to this thread and understanding the current market.

https://hbr.org/2020/01/why-stock-buybacks-are-dangerous-for-the-economy

Stock buybacks done as open-market repurchases emerged as a major use of corporate funds in the mid-1980s after the Securities and Exchange Commission adopted Rule 10b-18, which gives corporate executives a safe harbor against stock-price manipulation charges that otherwise might have applied. As a mode of distributing corporate cash to shareholders, buybacks surpassed dividends in 1997

Buybacks done as open-market repurchases should be banned.
 
mtowncyclone13 said:
I shorted 100 shares of Apple Friday morning and bought them back Friday afternoon for a few hundred in gains. Then Monday the thing drops like a rock, I figure "well, this is the start of the backtrack" so I short another 100 shares, forget to buy back yesterday afternoon, and today it's up about $7/share, leaving me holding the bag for about $700 today. Do i eat the loss or think it's gonna go down?
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The stock bounced back nicely from yesterday’s drop. Did you hop back in?
 
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