Out with the flounder.

[donkpow]

I bought stock in a automotive related company that was expanding into China and other markets in Europe last year. Then came the trade war, the automotive strike, a Tesla jump, and the corona virus. 

"Out, damned spot! out, I say! - One: two: why, then, 'tis time to do't."

[Road Runner]

 

[2Far]

I did well with Dorman (DORM) for a while.

[donkpow]

The analysts are projecting a one year price target less than what I paid for it. Contrast that with a price target 500% higher in one year for a biotech company I hold.

Not that I believe the biotech stock will climb that high but the lack of projected growth in the mfr stock is just another chink in its armour. 

[maddmaxx]

IMO Chinese stocks are going to tank.  I got a package from Hong Kong yesterday that I won't even bother opening for another week.  That's with Hong Kong being far far more ahead in controlling the virus than the PRC.

[donkpow]

3 minutes ago, maddmaxx said:

IMO Chinese stocks are going to tank.  I got a package from Hong Kong yesterday that I won't even bother opening for another week.  That's with Hong Kong being far far more ahead in controlling the virus than the PRC.

I was resisting China on principle before the trade war talks. Sold out on my small position in a Chinese transport company thereafter. I doubt I'll buy back in.

[maddmaxx]

8 minutes ago, donkpow said:

I was resisting China on principle before the trade war talks. Sold out on my small position in a Chinese transport company thereafter. I doubt I'll buy back in.

You could keep an eye on when it bottoms out.  I suspect that this virus will seriously delay China's ascendency to the top of the economic pile.  Just as when US companies lost customers (many who would not return) China is going to be losing customers to other sources.

Just my opinion and I slept here last night.

[Parr8hed]

We did a fish fry in Gulf Shores with some fresh flounder a few years ago.  Man, that was good.

[Wilbur]

Buy high, sell low.  Consistent results that way. 

[maddmaxx]

I wonder if this will have an effect on 401's 

[Longjohn]

My investments seem to have done well.

[Mr. Silly]

I've never lost money investing.  For a long time I was just S&P 500 index funds and a long term bond fund.  About 5 years ago, I hit a point where I had enough assets that I felt comfortable to buy individual stocks.  I bought about $20,000 of MSFT.  I've had bad weeks and bad months but I'm pretty far ahead.   

[jsharr]

1 hour ago, maddmaxx said:

IMO Chinese stocks are going to tank.  I got a package from Hong Kong yesterday that I won't even bother opening for another week.  That's with Hong Kong being far far more ahead in controlling the virus than the PRC.

Did you mean PRI?  I think Wuhan Flu is related to PRI?  Dr. Rand Omguy can probably tell us.

[Page Turner]

2 hours ago, donkpow said:

Out with the flounder.

...you should have bought a delicious bass.

[12string]

2 hours ago, donkpow said:

I bought stock in a automotive related company that was expanding into China and other markets in Europe last year. 

Do they sell extended warranties?  Because I think I can help you understand why it's failing.

[donkpow]

I should say I have confidence in this company. I'm just not willing to sit on this investment for 5 years before I see a positive return. Given the sector and the industry, the percentage won't be high, anyway.