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anticitrade (99.48)

Accountability for the 5 Stocks I bought 10 days ago with real money.

Recs

12

June 12, 2009 – Comments (13) | RELATED TICKERS: SBN , GRT , KNDL

Just a quick follow up to the 5 stocks I reported buying 10 days ago here on caps:

             Start           Current     Gain
SBN      0.3991           0.89       123%
GRT        2.718           3.22         18%
KNDL      12.32         15.76         28%
JAKK      12.98        12.75         -2%
WCC       26.38        26.16         -1%
Average Gain:                           33%
S&P Over same period            -.76%
Days Since Purchase 10

Not bad.  SBN is very close to reaching my valuation, but I think the other stocks still have some legs left.  (While the majority of recent blogs paint a dire picture for the future, there are still a few of us who cowboyed up and made some money.)

 

13 Comments – Post Your Own

#1) On June 12, 2009 at 10:27 AM, FreeTruth (< 20) wrote:

your call on say and joez was quite strong as well!

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#2) On June 12, 2009 at 10:35 AM, anticitrade (99.48) wrote:

If only I had put real money in those two...  I have several friends who did and regularly goad me about that fact.  GTLS is where I have made my big money.  Got in at 5.82 on March 10th, its now at 21.56 (its down today) thats a gain of 270% in just 3 months.

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#3) On June 12, 2009 at 10:39 AM, FreeTruth (< 20) wrote:

great job! I do have a full position in joez just to see how your site would perform in the real world. The spike at around 1 pm was interesting. We'll see.

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#4) On June 12, 2009 at 10:44 AM, bullishbabo (100.00) wrote:

I own JOEZ! I'm happy to see it mentioned here on CAPS. 

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#5) On June 12, 2009 at 12:04 PM, instaboxx (96.23) wrote:

Good call on SBN.  After reading your blog I put real money into that one too.  You have my thanks.

 

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#6) On June 12, 2009 at 2:46 PM, swank9 (< 20) wrote:

i think you should be careful telling people about your real life trades.  i'm not trying to be critical of your system or anything like that and an accountability blog is a good start.  but i feel that there's a lack of social responsibility here that needs to be considered when just throwing things out there like this.  as far as i could tell, you plainly stated that you purchased these stocks with no support behind why you actually bought them. no charts, math, or anything. worst of all, no exit strategy mentioned whatsoever.  if people are investing based on your recommendations, you need to provide some support behind them IMHO. making a pitch out of it or providing something people can use to make their own decisions will help your site gain credibility faster.

you're obviously a group of bright guys, but the reality is that there's not a single accredited investor among you.  the results could have just as easily been -33%.  just be careful.  anyway, congrats on your success and i wish you the best in your endeavor.

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#7) On June 12, 2009 at 3:01 PM, appertjt (77.75) wrote:

I don't think I agree that posting trades lacks social responsibility.  We are all responsible for how we choose to invest.  I don't follow other people's trades because I don't think its a good use of my investment dollars.  If someone else does, that's their decision.  How is anticitrade responsible for how a reader decides to use their post?

 

You could make a case if they were trying to manipulate the market or play pump and dump but these posts don't seem to be along those lines.

Technically there is no difference between making a pick on CAPS and saying you bought or sold a stock.  I can't remember the last time I made a pitch for a pick but I don't feel that that is irresponsible.

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#8) On June 12, 2009 at 3:07 PM, anticitrade (99.48) wrote:

#6)  That's good advice.  At what point does recommending stocks cross the line from a legal liability stand point?  It was my understanding that you become liable when you provide personalized investing advice (personalized meaning customized specifically to an individual investor) or when you actively manage someone elses money. 

Are you speaking of liability from a ethical/moral perspective rather than a legal perspective?  If I had gaven a lot of more good reasons for buying these stocks and was wrong would that have been more socially responsible? 

Apparently I did not articulate the reasons for these buys clearly enough on my previous post.  I do'nt have time for a full explanation of what these picks were based on, but that explanation is provided on my website and previous blog posts. 

Good luck! 

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#9) On June 12, 2009 at 3:13 PM, nottheSEC (72.43) wrote:

Dude congrats all around. Also SBN was bought out

SoftBrands Inc. has agreed to be sold to a holding company in a deal worth about $80 million, the company announced Friday.The buyer, a holding company created by private-equity firm Golden Gate Capital and its portfolio company Infor, will pay 92 cents per share for SoftBrands. Shares of SoftBrands closed at 47 cents per share on Thursday. On the same date in 2008, SoftBrands’ stock closed at 1.09 per share.

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#10) On June 12, 2009 at 3:47 PM, Seano67 (< 20) wrote:

I don't see a problem with listing one's real life trades, in fact I think that's very interesting... much, much more interesting and true to life than talking about the moves one makes in their CAPS portfolio, which is kind of silly in my opinion since CAPS is just a game. And it's not like anticitrade is advocating that anyone else buy these stocks, he's simply reporting as to what *he* did. So I don't feel there's any issue with that, and as every investor should know, it's their responsibility to do their own due diligence as to any trades they might make, and not just monkey the moves of others.

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#11) On June 12, 2009 at 4:54 PM, RookieQB (< 20) wrote:

Big rec from me. I agree with #10

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#12) On June 13, 2009 at 12:46 PM, nottheSEC (72.43) wrote:

10 & 11 are right.Always do your own dd.+++Rec Any more ideas anticitrade for our perusal?

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#13) On June 15, 2009 at 10:22 AM, mikecart1 (98.18) wrote:

Someone is complaining about listing real life trades?  Man it seems like today's world no one is responsible for anything.   When McDonald's sells you some of the most inhuman garbage on the planet to eat, it is YOUR choice if you want to buy it or not.  But noooooo, we got people suing McDonalds every year for causing them to get fat or whatever.

If someone can't post their picks on a website, what can you do?  Responsibility?  I think that is on the person putting the money in.  Anticitrade isn't putting guns to people's heads.  He has SAY as his top pick.  Does that mean I need to go out and buy a 1000 shares just because his system says so?

Get serious.  I told a guy in March to buy GM at $2.  He sold at $3.70.  I did it over email.  Did I force him?  No!  Did he thank me later? YES!

It's funny how people will take responsibility when their picks work but then blame others when they don't.

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