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I'll say why I hold some things for a long time...

Posted by: LanceStorm22 on Jul 08, 22:24 in response to elchan's post Please explain the strategy behind why someone would buy...

I just don't see as much of the point to day trade some stocks, and things like Spiderman 2 are part of that. As it stands right now, I have about 90% or so of my port tied up into investments of some kind, but the remaining 10% is more than enough for me to be able to buy whatever I need or want to buy at any occasion. So holding sequels or franchise properties that are more or less a sure thing seems to be a good strategy for me. Prices are going to fluctuate, but the trajectory is generally going to be upward until about 2 months or so out of release, where people will get a better idea of where the BO is going to settle after opening weekend.

It's around then that I try to determine where I think OW will go and whether I should hold, sell, or short based on what I think the multiplier will be.

Please explain the strategy behind why someone would buy and hold SPID5 for over a year? elchan Jul 06, 07:21

there are way more part time players than there are regulars. buy and hold is an easy strategy for someone who either doesnt know better or islander Jul 06, 07:24

I often buy and hold the next 2 years tent-poles. Scorpion Jul 06, 07:36

When your port is huge, and you have cash laying around, why not buy as many stocks (short OR long) as you can..put the $ to work! {nm} Flash Jul 06, 07:39

But the dROI is so small to hold it for another year. Any actively managed fund would get at least 1% dROI. elchan Jul 06, 07:50

while 1% sure is desirable, you face a different problem when port grows too big. Oleg Max Jul 06, 07:56

I need to keep that in mind when I become a billionaire. ;-0 {nm} elchan Jul 06, 08:00

You don't need to be a billionaire. @ about half a billion you start running out of stuff to do with your excess cash. Scorpion Jul 06, 10:54

Yeah, I've made a billion so far this year. My average daily change is 0.06% {nm} RogerMore Jul 06, 08:27

my take: Oleg Max Jul 06, 07:40

But, mid 300s seems impossible at current pace, to me. I guess people are still holding on, until they see where SPID4 will actually land. elchan Jul 06, 07:45

it's a unique situation w/ SPID4, given that 3 days won't get a multiplier. SPID3 did 151mill that wknd in 2007.... Oleg Max Jul 06, 07:48