Everything posted by Maksim
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USPSA CJRPC 5-13-12
Since I was not at last match, had to get results by mail. Will have them done in the next few days. =)
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Facebook IPO
well, I am not an analyst, but merely have a good understanding of valuations. Facebook already has over 900 million users (3rd largest country in the world.) They are not likely to go into China, and others have their own networks which work just like facebook. Their new user growth is slowing, and advertisers are pulling out (GM said it was not a good risk/reward for them.) So... for a company trading 99 times forward earnigns, with slowing growth (as per facebook road show to analysts), this is purely a stock to own if you believe they are growing. When it is already the third largest company on the s&p, just how much growth is there? Google is only trading at 18 times forward earnings and a far more diversified model. The hope is, from FB's perspective is because they have so much of your usage data, they have far richer advertising they can sell your usage data for far more money. With Google+ and others.. the price on that will go down in time, no doubt. The Social media ETF is already down about 8% today, as a result of FB entering. While you have an emerging technology with social media, the returns are not all there for investors, as once again, the barriers to entry are quite low. Assuming FB does not grow or shrink from here, are you ready to wait 99 years for FB to repay you your investment? Who knows if it will even be around in 10? Remember MySpace?
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Facebook IPO
Not a rumor I dont think. Brokers at MSSB just got a notice that their clients can get reasonable allocations of FB stock.
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Facebook IPO
From where? The key to ask is... ended up with 53% of the available shares? on their own books or for their clients? It was over subscribed to as far as I know, meaning clients spoke for them, unless they did not distribute enough to retail accounts and were hoping to own for their own books to flip them. In any case, the private money guys I am chatting with, would not touch it with a 10 foot pole.
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Facebook IPO
Short term. Silver I actually prefer to gold... but silver became poor mans gold. http://stockcharts.com/h-sc/ui?s=SLV&p=D&b=5&g=0&id=p45581966389 Silver I mean in my opinion, next bubble to burst, although arguably, it already has. being down nearly 50% from the peak of paranoia. Anyone who bought silver in the past year.... has been hosed. People who bought silver back when it was $12 an oz, are lucky, and those that sold in the mid 40's, once again, when hype was at the peak... were smart. http://stockcharts.com/h-sc/ui?s=SLV&p=W&b=5&g=0&id=p68975278849 Whatever you hear on tv.... do the opposite of it. By the time the talking heads on tv are discussing it, it is way too late.
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Facebook IPO
The watercooler effect. People buying crap with their money because they thought they knew how things worked and bought into the hype. Sooner than later, things come back to reality. If people put 10 mins aside and actually opened up a prospectus or an annual statement, they would not be investing in half the garbage that they do. Look at Pandora radio. When it came out, it hit $26 a share. A company, that in their prospectus and statements stated "We are not profitable, nor forsee being profitable in the near future". A year later it is down to $9.85. Still not profitable nor will be. The fact that Pintrest, Twitter and others are looking to monetize themselves should be a warning enough. Is there a business concept there? Sure, but unlike a bank, or McDonalds, the barriers to entry are virtually non existant. Some kid in a basement right now can put Facebook out of business. Prime example of this, Groupon. A fool and their money are soon parted. Keyword, weather. Long term, they are merely an inflation hedge. Inflation adjusted, you are not making money on these. Look at real estate. Long term, it is merely going to give you the 3% to keep up with inflation. Gold, Silver, Real Estate, Oil, Tech.... all bubbles where pigs (retail investor) got slaughtered. Edit: the way you make money is by looking at the investment as a company or as a person. People are far too irrational and as long as you are disciplined, you will be ok. Some examples... during the bank crisis of 2008, when everyone thought every bank would fold, picked up some solid fixed income preferreds yielding anywhere from 25% to 40% annually for 5 years (till they get called) , all Qualified Dividend Rate of 5% , and doubled to trippled on appreciation on the money to begin with. Right now, looking at a certain Spanish bank being thrown out with the bathwather, yielding 13% dividend, which is solidly covered, and only has 15% exposure to Europe, trading at only 5 times forward earnings. Granted, I would never recommend individual securities for 95% of my clients.
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Facebook IPO
And herein lies the problem. People think day trading is investing. It is not. Day trading is just that, you are using your own strategies in order to notice short term instabilities and momentum in order to capitalize on those trends. It does not matter what it is, stocks, bonds, munis, futures, minis, forex, commodities. You do not care about the fundamentals of the company, you are merely looking at the trading market. 70% of daytraders go bust in a year, (ie lose 100% of their money), and 95% within 3 years. Why? Because they cannot disconnect trading from investing. There is a Dalbar study, and a few others, even though the long term returns of indexs are about 7% now, the average investor is 3% or so. Why? Emotion. They keep listening to cnbc, bloomberg and others and are reacting. ie, the same folks who are buying gold. Bulls and Bears make money, Sheep get slaughtered.
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Facebook IPO
Actually, I am quite surprised how anti climatic this was. No value investor can come close to being sane while buying it, and the few fund managers (yes, guys who manage millions of dollars plus) that I talked to today, are all out of it. It is back to $38 right now and the underwriting syndicate is heavily trying to keep it above IPO. Quite frankly surprised the dumb money (retail investors) are not stepping in to snap it up, unless they are, and the volume is pretty heavy for it, there are more sellers than buyers. Have to figure out if they dumped the rest of the shares on the open market yet or not. To put this into reality, the company is worth more than google and mcdonalds, is trading 99times forward earnings. (market is trading low teens) Only reason I can think of underwriters supporting this is that they still have unallocated shares they are holding. Biggest organized pump and dump? Perhaps. Disclaimer: This is not investment advice, merely my thoughts, I do not own facebook shares, nor do I recommend it to any of my clients. Consult tax professional or your financial advisor.
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uspsa 9mm pistol ideas for open
Although you can absolute shoot it no problem in Steel matches. =)
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uspsa 9mm pistol ideas for open
As ronny said, you can look into an M&P or Glock open gun. For Glock, you have a few kits ready to go... Jager Products and Bob Carver both have kits for glocks. Also, talk to Karen at CJ/OB, she shoots an open minor glock.
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Jury duty
Its ok.... just tell them.... "I am extremely excited to partake in Jury Duty, especially since I can tell if people are guilty or innocent using my telepathic powers." That will be the first and last day of Jury Duty. Or... "I think everyone is guilty"
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NJGF Group on LinkedIn
If you are on there... check it out. http://www.linkedin.com/groups/NJGF-Professionals-Network-3698579?_mSplash=1 Hoping to make it a more active group for NJ, as there is nothing 2a for NJ related there now. Feel free to connect and send an invite too.
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Was Shoreshot sold?
LOL/ I think/hope ray ray was kidding. lol I highly doubt BA was in a position to buy SS right now. 5 years ago? maybe. =)
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Trayvon Amendment: End Self Defense Laws or NO $$$
Highly doubt this will pass. Just another piece of feel good legislation drafted by the left to say "I tried to do something about this". Just meat for them to take home to their constituents. The only way this will pass is if it gets attached to something that the republicans really want, like a balanced budget amendment, or national reciprocity.
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USPSA CJRPC 5-13-12
I may be. Flying to Florida on Wed, and will be returning Saturday late night, so will see.
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H&K P30 question
V1 is DA/SA IIRC? i believe someone here has converted theirs.
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Is this common at Gun Shops?
Its a store policy, or they were warned by NJSP. Many shops now will ask to see FID before letting you play with firearms. When I asked why, as per a vendor here, who had a visit from NJSP, they explicitly told him that is what he is to do.
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USPSA Special Classifier Match, Shongum, May 5th
yup. Don't feel bad. I zero'ed a stage doing that last year at Area 8, and picked up a few pointless penalties at nationals. =)
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USPSA Special Classifier Match, Shongum, May 5th
Heh? Sprained back, from sitting awkwardly for too long.
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Oaks Show
Depends. For a yugo, a little high, for a Russian, about right. check out Surplus city in feasterville, they usually have a bunch of yugo for 300 or so.
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USPSA Special Classifier Match, Shongum, May 5th
lol. what did you do? forgot to change strong to weak after reload? or reload? wanted to shoot, but had to bail since I grew lady parts.
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If you ever wanted an M1.....
CMP store.
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Ammo Group Buy
223 depending on price.... if we can get to or below $6 a box.
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how does one back from bankruptcy?
Bankruptcy is a joke. In 3 years she will be able to get any credit card. Depending on how long it has been.... Option 1. If someone adds her as an authorized user to their credit card. Option 2. Get one of those secured credit cards (Credit Limit = Amount of money put for security) Option 3. Get a secured loan from a bank. Open a CD for a $1,000, then get a secured loan for $1,000. Take it to another bank, Rinse, Repeat. Once these good tradelines start showing.... Then apply for store credit cards. Places like Jared's do not even check credit most of the time and do their own in house credit underwriting. Had a client who had issues, get a $1,500 CL because they had a job, within a year, I think it is like $5k limit now, being reported. Then, start cleaning credit, disputing "inaccurate" information, etc.
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Benelli Nova Tactical w/ghost rings
can you get one of these for it?