Forum Replies Created
Mike KarbowskyParticipantApril 26, 2022 at 9:18 pmPost count: 30
I’m still holding 8 of the Terrible Ten. I sold GEN last year and MUX earlier this year. This is what I am still holding and their overall performance as of today – in a very down market I may add!
CCO – +274.88%
KOS – +247.89%
CHS – +266.90%
TRQ – +482.64%
UAN – +786.89%
BTE – +2000.0%
UAN – +768.89
VHI – +177.63
*Formerly ETMMike KarbowskyParticipantJuly 13, 2021 at 10:31 pmPost count: 30in reply to: Opinions on stock market crashing. #16923
First of all welcome to the world of investing in stocks! By subscribing to the Bowser Report and posting questions here on the forum you can become a “student of the game” following your investments.
Right now during the Covid recovery the markets are very volatile across all sectors. The markets have set records in regards to daily highs only to see them pull back in a few trading sessions. There is an indicator that is used to help investors determined volatility. It’s called Cboe Volatility Index ticker symbol VIX. For and explanation of what it is and how it works Click here
Once you understand volatility the next piece of the puzzle is a correction. A correction is a decline of 10% or greater in the price of a security, asset, or a financial market. Corrections can last anywhere from days to months, or even longer. While damaging in the short term, a correction can be healthy, adjusting overvalued asset prices and providing buying opportunities. If there is market growth after a correction the market remains bullish. If it continues to decline to the 20% mark or beyond then the market is termed to be a bear market.
Finally to the point of your question – a crash. A stock market crash is a rapid and often unanticipated drop in stock prices. A stock market crash can be a side effect of a major catastrophic event, economic crisis, or the collapse of a long-term speculative bubble. This was experienced in February and March of 2020 when Covid 19 became a world wide pandemic. The markets retreated their gains, March 2020 saw one of the most dramatic stock market crashes in history. In barely four trading days, Dow Jones Industrial Average (DJIA) plunged 6,400 points, an equivalent of roughly 26%!
The moral of the story is that it is very difficult to time the market for either buying or selling equities. The rules of the Bowser Game Plan help maximize profits and minimize losses.
Thomas Rice made a very valid point regarding the psychology of the investor. The stock(s) you chose will undoubtedly rise and fall daily, weekly, monthly, etc. You can’t control that. What you can control is the amount of risk you are willing to take with your investments. Bowser Game Plan Rule #5 SELLING PLAN: Sell half of your holdings when the stock doubles from your purchase price. Sell the remainder after the stock drops 25% from its most recent high. If the stock drops 50% without doubling, sell all sharesis a great fundamental rule for any investor. Basically don’t sweat the up & down bounces until the cumulative loss fits into Rule #5.
I hope this gives you some insight into market behavior.Mike KarbowskyParticipantJune 9, 2021 at 7:30 pmPost count: 30in reply to: Free Stock Screen? #16811
Here is a link to a Youtube video that Farris did a few months ago using Finviz & Yahoo Finance stock screeners. Very educational! Click hereMike KarbowskyParticipantFebruary 9, 2021 at 6:57 pmPost count: 30in reply to: What online broker do you use #16601
I use TD Ameritrade. All stocks listed on the major stock exchanges trade for free. OTC stocks trade with a $6.95 commission.
They have a decent mobile app too.
I do have to agree with KirkZ – a brokerage firm is a matter of personal preference.Mike KarbowskyParticipantJanuary 16, 2021 at 8:54 pmPost count: 30
Hello Paul! Hopefully I can help clear this up for you.
The Bowser Report is based on selecting stocks that are less than $3.00 per share along with the Bowser Game Plan for investing. Because the stock has moved over the $3 cost per share it is not considered a stock to buy – Rule #1 Don’t pay more than $3/share for a stock. Consider it “Retired” from the list of stock to buy.
The way the Bowser game plan works is as follows:
You purchase 100 shares of Any Company for $1.00/share ($100 invested)
At some point in time Any Company stock trades at $2.00/share so you sell 50 shares – 50 shares X $2 = $100 to recoup your initial investment and either look to purchase another stock or roll it back into your bank account. As a result of this trade you have made a $100 profit! (Remaining 50 shares X $2 = $100).
Any Company continues to grow to $3.00/share. It becomes “Retired” if you will from the active list of Bowser selections to buy because it’s over $3/share. This doesn’t mean you should sell the 50 shares of Any Company that you hold. Some time later Any Company has grown to $3.75/share. The market value of the 50 shares of Any Company is now $187.50.
Suddenly the market is trending down – don’t panic just yet! Bumps up and down in the market are normal. $3.75 is Any Company’s high, following the Bowser Game plan = Rule 5 – if it loses 25% of it’s value from it’s high sell it. The exit price (Liquidate) for Any Company would be $3.75 – .94 = $2.81. 50 shares x $2.81 = $140.50 profit.
Hopefully this helps!
MikeMike KarbowskyParticipantAugust 6, 2020 at 11:24 pmPost count: 30in reply to: Tracking the Bowser Terrible 10 #16202
During Tuesday’s trading session (8/4/2020) McEwen Mining Inc. (MUX) doubled from it’s initial purchase price of $0.70/share.
Seventy one (71) shares were sold at $1.40/share.Mike KarbowskyParticipantJuly 1, 2020 at 11:59 amPost count: 30
More good news. ALSK hit a new 52 week high today @ $2.83.Mike KarbowskyParticipantJune 12, 2020 at 9:58 amPost count: 30
I would. Todays market is very volatile and in a lot of turmoil. I think this type of pattern is going to be seen for a while. Several days of gains wiped out in one or twos days then start the cycle again. Very much rollercoaster movement.
Just my observation.Mike KarbowskyParticipantJune 10, 2020 at 11:14 pmPost count: 30in reply to: Tracking the Bowser Terrible 10 #16089
In keeping with the Bowser Game Plan CCO was stopped out today after a sudden drop early in today’s session. The remaining 106 shares were sold at $1.0425.Mike KarbowskyParticipantJune 8, 2020 at 6:56 pmPost count: 30in reply to: Tracking the Bowser Terrible 10 #16085
Baytex Energy Corp. (BTE) Doubled from inital price of $.30/share on Friday afternoon. 166 shares were sold at $.6141/per share.
This is the 6th stock to double in the portfolio. Realized gains from the sale of the 6 stocks that have doubled is $314.28 bringing the cost of the portfolio down to $700.65. As of this posting unrealized gains are $664.04 with an overall performance of the porfolio just under 95% at 94.63%.Mike KarbowskyParticipantJune 8, 2020 at 5:54 pmPost count: 30
I too trade with TD Ameritrad3 and was charged the $38 fee as well. As Tse stated since going to $0 comission they have to pass those fees off although they do still charge a $6.95 fee for OTC stocks.Mike KarbowskyParticipantJune 6, 2020 at 12:43 amPost count: 30in reply to: Tracking the Bowser Terrible 10 #16077
Quite the week for the Terrible Ten portfolio! Another stock has doubled from the initial purchase price making this the 5th one.
Chico’s FAS, Inc. (CHS) Opened today at $2.02 slightly over 100% of the purchase price of $0.96/share. 52 shares were sold at %2.02.
So far 5 of the positions in the Terrible Ten have doubled! That’s 50% of the portfolio since its inception in April! Realized gains to date are $262.00 returning slightly more than 25% of the $1000 capital to fund the portfolio. Overall the Terrible Ten portfolio is up by 82.88% ending June 5th.Mike KarbowskyParticipantJune 4, 2020 at 12:04 pmPost count: 30in reply to: Tracking the Bowser Terrible 10 #16073
To add – the brokerage firm assessed a reorganization fee due to the split
I understand why. The stock Cuspid number changes on the reverse split and they have administrative fees associated with that.Mike KarbowskyParticipantJune 3, 2020 at 10:03 pmPost count: 30in reply to: Google Spreadsheet Portfolio Tracker #16071
For those of you that may be using this spreadsheet for tracking purposes and have encountered a reverse split as seen with VHI you need to add the decimal equivalent of the split for the spreadsheet to calculate the reverse split. The syntax of the formula for the split category is positive thinking meaning a stock splits in a positve (to investors) manner such as 2:1, 3:1, etc.
In the case of VHI which was a 1:12 reverse split, divide 1/12 = 0.083. This value is then entered in the stock split ratio column in the transaction tab.Mike KarbowskyParticipantJune 3, 2020 at 9:39 pmPost count: 30in reply to: Tracking the Bowser Terrible 10 #16070
Another position in the Terrible Ten has doubled in the original portfolio. Turquoise Hill Resources Ltd. (TRQ) reached $0.78 per share at opening this morning. 128 shares were sold and marked accordingly in the tracking spreadsheet listed here.
This portfolio has been quite active since its inception! Four stocks have doubled CCO, KOS, ETM, and today TRQ. On June 2nd management of VHI executed a 1:12 reverse split of the stock.
As of this post the overall portfolio has realized a gain just shy of 55%! Quite a return for the first 2 months!