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I mentioned entry points: 25% - 40% drop for the blue chips, and 60 - 70% for the 500m - 3m. My FB first buy was $170, and second buy was $140. My sell was $202. I'm targeting a re-entry first buy price of ~$155 - $160 for FB. Unfortunately I didn't buy Apple because I only had enough money to buy one - Apple would have been a good buy - Tobias Carlisle started tweeting Apple was undervalued around the high $150's. My exposure on any single stock never exceeds 5% of total portfolio, so I'm not sure what the purpose of stop losses would be. Perhaps if you're going big on a stock, options might be better than stop losses.As mentioned in the video, a blue chip is a solid stock with a proven history and has an ecosystem that will allow it to outperform moving forward, with a solid management team. Facebook is only one example - there are about 50 on my watch-list waiting for dips.Perhaps I should have clarified GE - that was an example of something wrong e.g.: plenty of accounting problems, excessive amounts of good will, taking on excessive leverage to buy businesses which didn't compliment the core offering - I'm sure if you compare GE's balance sheets vs. the companies mentioned in the video, you'll see the difference.You're absolutely right about the Dow30 point, but let's look at the situation in reverse. How much profit would you have made before these stocks left the Dow30? Keep in mind FB swung 30 - 40%+ in the space of 6 months. Do you see FB or Appple or Google leaving the index in the next 6 months - 3 years? Are they more likely to get better or get worse in this period of time? Will there be more drama and noise surrounding these stocks in that period?
I mentioned entry points: 25% - 40% drop for the blue chips, and 60 - 70% for the 500m - 3m. My FB first buy was $170, and second buy was $140. My sell was $202. I'm targeting a re-entry first buy price of ~$155 - $160 for FB. Unfortunately I didn't buy Apple because I only had enough money to buy one - Apple would have been a good buy - Tobias Carlisle started tweeting Apple was undervalued around the high $150's. My exposure on any single stock never exceeds 5% of total portfolio, so I'm not sure what the purpose of stop losses would be. Perhaps if you're going big on a stock, options might be better than stop losses.
As mentioned in the video, a blue chip is a solid stock with a proven history and has an ecosystem that will allow it to outperform moving forward, with a solid management team. Facebook is only one example - there are about 50 on my watch-list waiting for dips.
Perhaps I should have clarified GE - that was an example of something wrong e.g.: plenty of accounting problems, excessive amounts of good will, taking on excessive leverage to buy businesses which didn't compliment the core offering - I'm sure if you compare GE's balance sheets vs. the companies mentioned in the video, you'll see the difference.
You're absolutely right about the Dow30 point, but let's look at the situation in reverse. How much profit would you have made before these stocks left the Dow30? Keep in mind FB swung 30 - 40%+ in the space of 6 months. Do you see FB or Appple or Google leaving the index in the next 6 months - 3 years? Are they more likely to get better or get worse in this period of time? Will there be more drama and noise surrounding these stocks in that period?
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