I like to do that too, but only with companies I know well and expect a change based on something they are doing.
From: Travis Johnson Sent: Wednesday, August 03, 2016 12:15 PM To: af@afmug.com Subject: Re: [AFMUG] Fitbit stock I was never suggesting Fitbit as a long term stock... it was a 3 month play, that actually happened in one month... 15% return in 30 days is pretty good. I would never invest long term (over a year) in a single stock... all of my long term investments are in mutual funds, etc from places like Vanguard and Oppenheimer and T Rowe Price. They are seeing 6-10% annual returns depending on which fund (I currently have eight). These single stock picks (like GoPro and Fitbit) are just play money... put a little in, and hope for 10-15% returns in a few months. :) Travis On 8/3/2016 11:45 AM, Paul Stewart wrote: The whole investment thing is made up of risk so what’s a bit more? ;) I’m personally not a big fan of Fitbit stock – massive declines at each of its first quarterly reports .. down 70% on 52 week high …. Their sales model is very weak and filled with a lot of competition so don’t see this stock going back a significant amount long term .. Just one person’s opinion and with investments you’ll find a LOT of opinions… some right, some wrong … Paul From: Af [mailto:af-boun...@afmug.com] On Behalf Of Chuck McCown Sent: August 3, 2016 12:24 PM To: af@afmug.com Subject: Re: [AFMUG] Fitbit stock If Travis is sure about his picks, then he stands to earn 20% of the take with no skin in the game. Of course there is that minor tiny downside risk .... From: Mathew Howard Sent: Wednesday, August 03, 2016 10:21 AM To: af Subject: Re: [AFMUG] Fitbit stock It would probably make it slightly difficult to get many investors after the first few... On Wed, Aug 3, 2016 at 10:43 AM, Simon Westlake <simon@sonar.software> wrote: I'm not sure a ponzi scheme works very well if every single investor knows it's a ponzi scheme On 8/3/2016 10:23 AM, That One Guy /sarcasm wrote: Federal prison isnt that bad but is it really a ponzi scheme if everyone invested knows what it is? On Wed, Aug 3, 2016 at 8:43 AM, Simon Westlake <simon@sonar.software> wrote: Now there's a business idea. If we all do it, he could be the next Bernie Madoff. Just make sure I'm towards the top of the pyramid so I get my money out first! On 8/3/2016 8:41 AM, Chuck McCown wrote: Hey Travis, How about you manage some money for me. I give you 20% of the realized gains but you agree to cover any losses? -----Original Message----- From: Travis Johnson Sent: Tuesday, August 02, 2016 6:11 PM To: af@afmug.com Subject: [AFMUG] Fitbit stock Well.... did anyone take my advice and buy Fitbit stock a month ago? You could have made 8% just today... that's 96% APR. :) Travis -- Simon WestlakeSkype: Simon_SonarEmail: simon@sonar.softwarePhone: (702) 447-1247---------------------------Sonar Software IncThe next generation of ISP billing and OSShttps://sonar.software -- If you only see yourself as part of the team but you don't see your team as part of yourself you have already failed as part of the team. -- Simon WestlakeSkype: Simon_SonarEmail: simon@sonar.softwarePhone: (702) 447-1247---------------------------Sonar Software IncThe next generation of ISP billing and OSShttps://sonar.software
