Quote:
Originally Posted by sebtarta
OK, I will remove my tin foil hat after this post. GPRO, we know its IPO was a few months back and then it took off hovering around $90 a share for the last month. We then get a report stating that some famous race car driver's accident could have been caused due to the GoPro camera on its helmet.
On October 30th GPRO is scheduled to report their Q3 earnings. Which from financial report articles they claim they meet or exceed the earnings projected. Which if this is the case it could send the stock price back up.
NOW, could that article about the injury come out just in time to send the actual stock price down to allow more buyers to jump ship before the Q3 reports? This is where my tin-conspiracy-foil hat comes into play. Am I crazy to think this way? Or should I just stop talking and keep reading more.
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Buying stock like FB and Gopro to me is just gambling. I invest in dividend paying stock. Invest in long term growth stock with dividends. which is what this thread is about. if your going to gamble on a few stocks, gamble with money that you can afford to lose some on. Gambling a bit allows me to use some of the winnings if there is some and purchase more investment stock.
example of what transpired in the last 1.5 years with me and FB
My Gambling thought process.
I use facebook, 98% of my friends are on it. the IPO didn't go as well as most thought. they just started advertising on mobile. I'm going to take a chance.
1-15-13 bought 16 shares of FB @ $31.53, cost $514.47 again in my house this is a couple weeks of eating out and keeping the wine-o at home supplied. I'm already pissing money like this away.
3-23-13 bought 12 shares of FB @ $25.92, cost $321.03 this brought my cost average down and I still believed in the stock and that it would turn around and show that it can make money.
On Gopro, my friend is on a reality show and they use suitcases full of these and demolish gopro cameras at a large rate. They are always buying more. Robyn's brother has one mounted on his mountain bike. He convinced me to buy one for my bike. I'll use it in my Camaro on track days also. I see a ton of people have them. I also been watching the crazy videos on facebook that users submit. I decided to gamble again and get in early but slowly.
7-1-14 bought 8 shares of GPRO @ $46.4 cost $381.20
7-14-14 bought 10 shares of GPRO at $38.85 cost $398.50
I gamble with small chunks of money. If I lose half my money its like me going on a trip to Vegas and gambling and losing $100 a day for a few days.
I have been watching my FB for a month or so going on a roller coaster ride so I decide to take some of Greg's advice and sell some when the pig was fat.
On 8-7-14 sold FB 15 shares @ $73.37 nice little profit.
ON 9-10-14 sold FB 13 shares @ $77.67 nice little profit.
Still holding onto my Gopro, I feel it will go back to its high soon.
The market stared to correct a bit past couple of weeks and gave me a buying opportunity so I used the money and profits from my Facebook and bought and added to my investing 102 type stuff.
10-10-14 bought 20 shares of BPT @ $82 which I already owned at a higher price point.
10-14-14 bought 10 shares of BPT @ $77.5 allowed me to bring my cost average down on my already existing shares.
This is how I'm starting to build my small fortune. I don't have large sums of money like GW but its a start, and I know I'm probably not going to hit onto mother load of money. However its a lot better than letting it sit in a savings account at .1%