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I cashed out of the Market today Teacherman.

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March 07, 2013 – Comments (13) | RELATED TICKERS: RF

They never say go all in on one stock, but I did just that with Regions Financial. I saw the opportunity with RF through my own D&D and cashed out all my other stocks and went in very heavy between 3.50 and 4.05. I sold half @ 7.10 and the other half today @ 8.22, needless to say my instincts and research were correct, and the profits of course were extremely pleasing.

Now, I'm going to set on the side lines for a bit and see if this overdue market correction comes sooner than later. After all, it's not a matter of if, but when. Until then, I'll keep researching for undervalued gems and see where this market leads us in 2013. We may have a tough summer ahead.

It’s been a great profitable ride since 2009, but I’m becoming very leery as of late. I still think RF is a buy and it’s just a matter of time before we see double digits again with this company. Who knows, I’ll probably buy it again on a good dip. However, I won’t be going all in (again)   =)

Hope you’re doing well Teacherman and as always – Fool on!!

Take care.

 

13 Comments – Post Your Own

#1) On March 07, 2013 at 4:32 PM, Option1307 (30.15) wrote:

cashed out all my other stocks and went in very heavy between 3.50 and 4.05...

Are you serious? You literally went all in on a single stock? That takes some big guts and that's not necessarily a complement.

Congrats on a successful trade but I'm not sure it was a "good" trade. No matter how sure you are about a stock I would never ever recommend going "all in". This just seems like suicide to me and not a good way to base an investing career. 

Again, I'm happy it worked out for you but I would suggest thinking long and hard about ever doing something like this again.

Best of luck, +1

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#2) On March 07, 2013 at 6:17 PM, dragonLZ (99.36) wrote:

Well done, Tagit. Congrats and good luck in the future.

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#3) On March 07, 2013 at 6:35 PM, awallejr (76.62) wrote:

Have to agree with Option.  But an all in approach on the right kind of company can lead to great wealth such as if you bought MSFT in its begining, or Apple when it was near bankrupt.  But those are 2 companies that made major technological breakthroughs and launched whole new industries.  RF is no such company.  So be careful.

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#4) On March 07, 2013 at 8:35 PM, Tagit (54.64) wrote:

Respectfully, I didn’t go all in with my total PF. That would be a dooms day mistake.

This was funds used from monies (made) with the other stocks I cashed out. Did I have sell stops in place for the amount of money I was willing take a loss on – you bet.

And NO – RF isn’t Apple or Microsoft, but it doesn’t take technological breakthroughs to make profits from a company that was clearly undervalued.

Maybe I did get lucky, but as the old saying goes – no guts – no glory.

To sum it up: by all means don’t go all in without monies your willing to take a loss on, and “yes” diversification is always better.

However, I feel like the folks on Duck Dynasty. I'm happy,happy happy. = )

Fool on!!

 

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#5) On March 07, 2013 at 9:41 PM, HarryCaraysGhost (99.59) wrote:

Hi Tagit,

My question is more- what are you doing with the money on the sidelines while waiting for a correction?

I thought there should be a correction at Dow 11,000 and moved into dividend payers.

(quite pleased with the results btw.) If I had just stuck zee monies into zee bank...

That would be an L.

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#6) On March 07, 2013 at 9:51 PM, awallejr (76.62) wrote:

Well another way to play it is to sell puts in which case if that correction happens you buy the stock you wanted at a cheaper price and if the market keeps rising you at least get to keep the premium.

And I wasn't arguing against investing in undervalued stocks like RF.  I suggested many over the years, but your blog left the impresssion that it was the only stock you bought back in 2009 with all your money. I am just glad you did profit.

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#7) On March 07, 2013 at 11:21 PM, Tagit (54.64) wrote:

Hi Tagit,

My question is more- what are you doing with the money on the sidelines while waiting for a correction?

I have lots of mason jars and a good memory =)

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#8) On March 08, 2013 at 9:47 AM, lemoneater (71.72) wrote:

Glad you did so well, Tagit!

I feel the same way about stocks that I feel about yarn. I like lots of colors, textures, and sizes for variety.

Even though the market is rather high, recently I picked up some CMP and some CSX which seemed a little beaten down for my long term portifolio. We'll see how it goes.

If I remember correctly, like my husband, you enjoy photography. He's been having fun developing film shot with his Argus with coffee and vitamin C. Cheap instant coffee works best!

Have a great weekend!

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#9) On March 08, 2013 at 10:31 AM, Teacherman1 (29.20) wrote:

Hi Tagit

Sorry I did not see this yesterday. I had to go pick up my wife from work earlier than usual, so am late to the party.:)

From time to time we all need a break from this "game", and it is good that you went out with some "jingle" in your pockets.

How about starting a new CAPS character called Tagit2, and put you fresh idea picks on it.  That way I can "poach" from your brain waves without getting my hands all gooy with "gray matter".:)

I agree that the market is getting a bit crazy now and I am holding more in cash that I usually do, but what else is an "old guy" to do to keep himself entertained without getting into trouble with his wife or the law.:)

I pray for your wife almost everyday, when I pray for mine.

She is doing fine and is enjoing her new "less stressful job", with much better hours. She even gets weekends off now, which is a bonus in itself.

Do they still make Mason Jars, and is the maker "investable"? :)

Make sure the lids are on tight, or you may dig them up and find money that has "rotted" to its' "true value".

Have to go and let the dog out, or I will have a "smelly day".

Don't be a stranger around here. It is good to know that this "community" is populated with real people, and not "humanoid algorithyms". I probably misspelled that, but am too lazy to check.

Hi to everyone else, and hope you all have a great weekend.

John, I still think you timed the start of the contest just to give me a "handicap" on my DCIX start price. :)

Lemoneater, be careful with all of that knitting, I know the needles are not sharp enough to prick your finger, but if someone were to sit on one while holding a "multi-shot camera, they could go through a lot of film in a hurry, and end up with a lot of pictures of the ceiling.:)

Thanks again for your kind offer. It was appreciated, but you know why I couldn't accept.

Later.

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#10) On March 08, 2013 at 2:03 PM, Tagit (54.64) wrote:

Jim,

Thanks for your prayers and I'm very pleased to hear your wife is doing well. My wife had her check up a few months back and she was cancer free, so praying hands in our home is a given. 

Even though I'm stepping away (for now), I will stop in from time to time to keep up and of course too stay in touch. Caps is a nice community and like you said we're not all (humanoid algorithms) here. 

We’re actually in the middle of a total kitchen remodel and my wife informed me yesterday she’s upgrading the granite, so I guess I’ll have one less Mason jar in my bag =). Heck - I may get a new fly rod out of the deal – who knows =) 

Poaching stock ideas from one another is a great thing - I like the thrill of the hunt. However, on the other hand my wife would rather use her finical advisor to keep me off the computer which is probably a good thing for now. 

Have a great weekend everyone!!!

My daughter just came in from college and I have the day off, so we’re heading out to run some errands and I’m going to take time to “smell the roses”. 

Fool on and take care!!

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#11) On March 08, 2013 at 2:33 PM, Valyooo (99.40) wrote:

If you have extreme conviction on something, there is no real reason to not go all in.  Diversification is for the 99% who don't really fully get what they are doing with individual business, ask Buffett.

I am one of those.  I am pretty good with general macro stuff, and good with some longer term companies like PM and KO, but not with smaller companies.  I go all in with general macro bets.  Congrats to you Tagit for following through on your conviction! 

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#12) On March 08, 2013 at 3:36 PM, JaysRage (88.38) wrote:

Diversification is not always better.    A perfect buy of the right one stock is always better.   It's a risk/reward situation.   You decrease your risk with diversification, but assuming your one pick is your one best pick, you also decrease your reward.   There are people who generate wealth by really understanding just one thing, such as a commodity, really really well.  

In addition, there is always money in doing the thing that everyone else is scared to do.   If it's a definite must-not, I've found it's worth considering with a great deal of investigation and analysis as a wealth-building option. Following the herd is the one thing that I can guarantee will not generate wealth.  

The ultimate "going all-in" is starting your own business.   People that do it successfully get rich. Those that don't end up starting over.  If you're single and young...there are worse things.   All of these things depend on your situation in your life, your goals.....blah....blah...blah.  

End of story, you made the call, took the risk, reaped the reward.  Kudos and congratulations!    

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#13) On March 08, 2013 at 4:54 PM, lemoneater (71.72) wrote:

@ #9 Good advice on not endangering others with sharp objects, as much as possible I keep my hobby junk localized and separate from my husband's space. The cat is the one who has to watch out since he claims the entire house as his space although he gets evicted from certain places at certain times for his own good. He finds the motion of yarn fascinating so he tends to get in the way.

Teacherman, glad that your wife has better work hours--that really makes a difference.

@ #10 Tagit, great news! Glad that kitchen remodeling is at the forefront rather than health concerns.(Hope you get that fishing rod.)Thank God! It makes a nice change!

@ #11 Valyooo, conviction with knowledge is crucial. Every investor should to be aware of his or her own limitations and areas of competence. Mine is not penny stocks, so I limit how much I put into embryonic companies with great potential.

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