Episodes
Tuesday Apr 13, 2021
Tuesday Apr 13, 2021
Bakes’ Takes Podcast Show Notes Saturday
April 10, 2021
:23
1) Cut your losses!
2) Hold your winners!
3) See #1!
:33 Why I do this—Bobby, Jack, please listen in.
1:04 ‘87 crash, journey, technical analysis first, fundamentals second, not right or wrong, just works for me. read WSJ, Barron’s Economist, listen to podcasts, devour relevant newsletters, monitor what Google alerts bring. Point you to them, but if you don’t want to do that, please know that I’ll do it for you and I eat home cooking, I have no conflicts. What are your pain points? Problems you’d like solved? Topics I should cover? Thank you.
2:11 Not investment advice. Please conduct, and share, your own due diligence.
Bakes’ Take—Fan Mail! Calls! Questions! Mike!
2:25 Jack—FIVG? Did not have in system, now do
Fact Sheet
T, NOK, zzzz…
4:50 Hey Mr. Bakes - attached is a voice recording for a question I had for you about selling discipline. One thing I wanted to add to this question is about your -15% general rule of thumb. Is it when your investment is down 15% at any point or do you have this discipline for a set amount of time? For example, if your investment is down 15% over 1 month vs 3 months vs a year and if that comes into factor when you evaluate selling a holding to cut losses. Thank you, as always, for your insight!
Best,
Murph
8:29 -15% Always
9:53 Please connect with me, LNKD, etc. DM, fire away
10:19 Market tells me how long to hold.
URNM-Years, I hope
12:02 Sell discipline--RCL
13:48 Mark Cuban, Ethereum
15:08 Watch for “Buffet effect.”
17:20 ETHE—Triangle, looking better, breakout! 80/20?
20:05 Bakes’ Take—5G? not for me for now, cut losses 15%, works, hold your winners
20:21 Please share this with your RH or RR friends, send your other stocks/ideas and I will offer strategy for them as well. Please stay tuned.
20:30 Bakes’ Takes—My Themes/Groups
Bakes’ Take-No change
21:06 Bakes’ Take—Podcasts of the Week!
https://www.businesscasual.fm/our-economy-needs-workers-to-learn-new-skills/
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Bakes’ Take—Check out CareerKarma
22:08 Bakes’ Take—Reporters of the Week!
If you’ve been vaccinated, there’s almost no direct safety benefit—to yourself or others—of wearing a mask.
If you’re unable to get vaccinated, it’s reasonable to expect others to accept infringements on their freedom as a precaution. Not if you refuse to get vaccinated.
Dr. Saphier is a physician at Memorial Sloan Kettering Cancer Center, an assistant professor at Weill Cornell Medical College, and author of “Panic Attack.”
24:00 XRT—4% GME, retail will catch a lot of money
24:43
Let me be blunt: Tech stocks are still alarmingly expensive.
Sacconaghi counts 366 tech stocks currently meeting the 15-plus sales-multiple criteria, up from 25 in 2017. It’s the highest total since 2000, when a staggering 1,540 traded above 15 times sales. We know what happened to the market after that.
25:50 Bakes’ Take—Stocks are expensive, bull with head on a swivel
26:07 Bakes’ Take—Charts/Tweets/Posts of the Week!
30:36 Bakes’ Take—At extremes, see #1
30:37 Bakes’ Take— Newsletters of the Week
Bear Traps Report
34:34 Bakes’ Take—Like copper, biotech not so much
34:39 Please also subscribe to my Bakes’ Takes YouTube Channel, the audio is the same but the charts that I reference are on the screen. Follow us on Twitter @BakesTakes_ and other social media. Please, please use your voice memo app, tape your question(s) and email to bakes@bakestakespodcast.com or write if you prefer. I will also keep you anonymous is you’d like.
Thank you for listening, Mike Wilson is my producer.
Have a great week. Bakes
Much needed levity…
https://www.youtube.com/watch?v=TKgIp2rPwNI
35:08 Heavy Metal Baby covers Metallica—Enter Sandman
https://www.youtube.com/watch?v=rOLlfPPTld0
35:29 The Funniest Roasts & Comebacks by Comedians—Jay Leno, Louis CK, Bill Burr, others
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