Winning is grabbing momentum, profiting from it and then releasing it
A winner must be willing to embrace change and welcome challenge. The biggest “fear,” if there is one, is not of the unknown, but of becoming complacent and stagnant. An environment of change and even uncertainty can energize a mentally strong person and bring out their best.
Monday - Tuesday (May 12-13)
As followers of this blog knows, I tend to write about estate sales from time to time.
I plan to write stories about my finds and gains on this on a more frequent basis from this point on.
After work today (Monday) , I headed for a thrift store (Savers) to take a peek to see what was available prior to Tuesday discount day. On Tuesday, items are discounted 25% and Tuesday is one of my off days from my regular job. I planned to scout the items Monday and then come in Tuesday morning and make purchases on possible finds.
I didn't see much. I always look at the art painting first. I didn't see anything that caught my eye. I then scanned the shelves and didn't see anything in particular until right in front of my eyes, as if it just popped out of nowhere, was a still-in-the-sealed box like new radio operated 1/20th race car model. I immediately took my smart phone out and called out the specific car model type on my voice operated app to see what it was selling for on amazon and ebay. Ebay had one for 39.99 marked rare. Nice since the thrift store was selling this for 16.99. I then checked out Amazon and lo and behold, one recently sold for $74.99 !
Now here's the thing. One of my rules on 'treasure hunting' is to make an assessment on a product in hand. One question I ask myself is 'If I don't buy it now, will it still be available in two hours'. If I deem that it's highly likely to be gone in two hours, I usually go ahead and purchase the item. However, this item would be 25% less on Tuesday. Today, on Monday, it was 6:30pm at the time I saw the item. The store closes at 9pm.
I decided to purchase the item then and there and not take the chance of a 25% discount. Remember, it's not a big deal of money but I'm having fun trying to take the best price buying and profit price selling.
So today's story pertains to this principle. "If the item is one I like and can be sold for a profit and it's highly likely to be gone (sold) within two hours, then go ahead and purchase the item'.
12 noon Tuesday. People forget how TSLA is going to ride high when their 30-45k all electric car hits the streets next year. Bought 25 more shares. The faith continues....
You, you, you need to rake
- A L I B A B A - monster IPO on the way sometime this year. I'm ready but so it everybody else. One thing for sure. It was start out and be called by fundamentalists as 'Way Over Valued'. In the meantime, investors are salvaging over YHOO.
- IBD knocking around a spew regarding Google buying out Ebay to get PayPal. Baird Equity Research analyst Colin Sebastian suggested Google could offer up to a 50% premium for eBay over its Friday closing price of 57.
- TSLA (Telsa). As analysts expect TSLA to meet all their earnings/revenue projections for 2014, expect new catalysts for movement of TSLA stock to be the announcements of the battery gigafactory location, partner announcements, and ground breaking of the business all within 2014. In the meantime, the TSLA shorts have shifted their focus of share overvaluation to the drop in price in Europe of the vehicles. What the shorts don't realize is that the price drop has more to do with a strong Euro and nothing to do with Demand.
- PCLN. Priceline is a monster growth and momentum stock and it's P/E is only 25
AMZN 12/31/14 500.00 projected
BIDU 12/31/14 260.00 projected
TSLA 12/31/14 245 2nd projected (2/10)
TSLA 12/31/14 220 projected (original projection MADE)
NFLX 12/31/14 475 2nd projection (2/27)
NFLX 12/31/14 415 projected PROJECTION MADE
PCLN 12/31/14 1600 projected
AAPL 12/31/14 775 projected
AAPL 12/31/12 532.17
YHOO 12/31/14 60 projection
YHOO 12/31/13 40.44
ILMN 12/31/14 295 projection (added 3/6/2014 priced 171.23)
ILMN 12/31/13 110.59
ILMN 12/31/12 55.59
Catching Fire started during thanksgiving week, Nov 2013
Always be in the lookout for companies in new and exciting industries
The HOT Eye Candy section
Don't cry because it's over, smile because it happened...
Beloved creator of the Dr. Seuss books (1904 - 1991)
If the right car does turn out to be an appreciating asset, any later sale is not subject to capital gains tax.