Thread: Investing 102
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Old 04-09-2016, 05:50 PM
WSSix WSSix is offline
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My gamble stocks are so minor I don't even think they qualify as gambles. With that said, Zoes Kitchen(ZOES), Valspar(VAL), Mid Con Energy(MCEP), and California Resources(CRC) are what I consider my gamble stocks.

CRC was "given" to me because I owned OXY who split them off. I know very little about the stock. I consider it a gamble because it's oil related and the only reason I added to my position was because it was about $1.40 per share. I said what's another $100. Seriously, that was it, lol. It's oil related so maybe it will climb in a few years.

MCEP when I bought into it was doing well, inexpensive, and paid a great dividend ~10%. So I said sure why not. I was actually doing work for them while at Halliburton so I knew their business model and thought it was a decent way to turn a small profit for them. Then the oil market crashed. So, this time around, I can only add once a year since it's in my Roth, it was a little over $1 per share and I said, what's another $100? again. I see a pattern developing. I've lost 90% on this pick already. It may recover or not. I figured maybe this $100 will hep minimize my losses. It certainly won't hurt any more.

VAL. I simply was looking to diversify when I pulled them up. Both them and PPG have very strong charts, pay a dividend, and have broad coverage in different markets. I looked to them to be a steady performer. I also just wanted to sit back and let it go. Maybe I'd add to it or not. I didn't see the Sherwin Williams buy out coming at all. That caused it to jump big time. Since it was a gamble and hadn't really done anything to show me it was going to grow, I only made my small initial purchase. Kind of wish I knew the Sherwin buyout was coming ahead of time.

ZOES. Good food and people seem to pack the place out at lunch time. Thought I might be able to get in early on a future winner. I think the fast casual segment is going to continue to grow and be attractive to consumers. I spent $42 on a "fancy" meal last weekend that was only part of a NY strip steak and I left hungry. %^&$ that bs! It wasn't $40 tasty. I'm not the only person who's starting to seriously question these food places that don't offer food that matches the sticker price. It's food damn it. It for sustenance. If I wanted an experience, I'd eat street food in a foreign country or go to a dinner theater. Make it taste good or stop wasting my time. Sorry. Rant over. I'm not losing so far but I haven't added anything to it either.

That's about it. Nothing special honestly. I'm not much of a gambler. I'm ok with ho hum in this department really.
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Last edited by WSSix; 04-09-2016 at 05:52 PM.
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