To: Sun Tzu who wrote (115289) | 2/25/2022 5:47:06 PM | From: Rarebird | | | I also agree with you about BABA on a number of counts. First of all, the chart is horrendous. Secondly, I don't think the Chinese government is finished regulating BABA. Thirdly, I think most institutions and professional investors are finished investing in Chinese stocks. Fourthly, dollar cost averaging into a losing position is a recipe for absolute disaster. Don't get me wrong, I've done the latter and suffered for two years before the stock began to rally where I recovered my money and then some. But I took a vow never to do that again and I haven't. Moreover, there are to many fish or stocks in the sea to get that strung out on one stock. |
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To: Rarebird who wrote (115286) | 2/25/2022 10:07:56 PM | From: rogermci® | | | Benchmark bumped target to 125 from 110 yesterday. Stock is stupid cheap. Normalized earnings assuming housing is in a secular bull market would be $15 to $20 a share. Company is minting money not to mention shoring up the balance sheet. We ain't seen nothing yet. |
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To: Rarebird who wrote (115286) | 2/28/2022 5:45:50 PM | From: rogermci® | | | Can you give me your take on RYI chart? They are a steel processor and and my third largest holding.
schrts.co
Company reported $7.56 in earnings last week on $5.6 billion in revenue for 2021. There are no current estimates for 2022 although the company guided Q1 earnings in the range of $3.78 to $3.94. Stupid cheap like BXC and we can assume normalized earnings and revs will be lower in 2022 as will BXC. |
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To: rogermci® who wrote (115294) | 2/28/2022 6:50:04 PM | From: Rarebird | | | Hi. I'll take a look shortly. We just arrived at our next destination for 2 months in Bullhead City Hills in the middle of nowhere, 10 miles to the nearest Grocery. |
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