![]() Shouldn't you as well on May 15,2021 ?īut how about a little TECHNICAL analysis or some daily price history and stock charts to help me out ? Sure, love to ! Obviously they see STUNNING long-term value. This daily low was the LOWEST stock price since January 5,2021 or for the last 105 days ! ( Viac subsequently went to $101.97 on March 15th).ĥ) May 15,2021 : Renaissance Technologies, a New York City based hedge fund, bought a NEW position of 5.6 million shares of ViacomCBS Inc(VIAC) in quarter one 2021 and have NOT sold as of March 31,2021. Thus, the BOTTOM PRICE is finally in for the rest of 2021 on ViacomCBS Inc stock.Ī) On April 20,2021 ViacomCBS Inc hit a low of $37.33 and closed at $37.92. Kass finally turns VERY BULLISH on ViacomCBS Inc (VIAC) on April 21,2021. When the shorts give up, it is an EXTREMELY good sign for bullish investors.Ĥ) April 22,2021 : Notorious, world famous,71 years old, perma-bear, multi-millionaire SHORT SELLER Doug A. Time to be aggressively bullish on May 12,2021. The 95 best stock market investing rules of all time :ģ) May 12,2021 : ViacomCBS Inc (VIAC) short interest (bearish sentiment) has dropped 49% or over 50 million shares from its March 15 high of $101.97. Stanley Druckenmiller is the founder for Duquesne FAMILY OFFICE.Ģ) December 11,2014 : 100 to 1 by Thomas Phelps, in 95 points. (Trade/invest against them, at your own risk).Īs of March 31,2021, VIAC stock was the 4th largest NEW position for Appaloosa Management (David Tepper) with 3,445,00 shares. Q) Always pay attention to what David Tepper and Stanley Druckenmiller are thinking/doing. P) When new ways of earnings are developed – like EBITDA (and before stock-based compensation) – substitute them with the word… “bullshit.” downside risk and ‘margin of safety.’Įspecially the FCF or free cash flow of your particular stock, M) In evaluating the attractiveness of a company always consider upside reward vs. L) Rate of change’ is the most important statistic in investing. K) When investing and trading, never let your mind dwell on personal problems and always control your emotions. J) Consider opposing investment views and cultivate curiosity. The idea of excessive diversification is madness( Charlie Munger) H) Too much of a good thing can be wonderful – look for compelling ideas and when you have conviction go ahead and overweight “bigly.” G) Being right or wrong is not as important as how much you make when you are right and how much you lose when you are wrong. Like the FUD (Fear, uncertainty, and doubt) of certain or newbie retail investors. Like investment subreddits (and THEN pay attention to good or serious investors there) in these 7 areas of expertise :Į) To be a successful investor you must have accounting/finance knowledge, you must work hard and you have to be keenly competitive. In 1997, Zurich Group, the big Swiss insurer, acquired majority control of Scudder Stevens & Clark Inc., the money management giant, for about $867 million in cash and a significant MINORITY stake in the combined company)ĭ) Try to get a little smarter every day and read as much as humanly possible – an investment in knowledge pays the best dividends. (Thomas William Phelps, distinguished stock analyst and a very WEALTHY partner in the investment firm of Scudder, Stevens & Clark until his retirement in 1970. To make money in stocks, you must have vision to see, courage to buy and patience to hold. You can't produce a baby in one month by getting nine women pregnant (Warren Buffett) No matter how great the talent or efforts, some things just take time. ![]() The big money is not in the buying and selling, but in the waiting (Charlie Munger) You need PATIENCE, discipline and an ability to take losses and adversity WITHOUT going CRAZY (Billionaire Charlie Munger) The stock market is a device to transfer money from the IMPATIENT to the patient (Billionaire Warren Buffett) :Ĭ) Be patient and learn how to sit on your hands. Like Archegos Capital Management and Bill Hwang, who DEFAULTED ON MARGIN CALLS in March 2021.Īpril 8,2021 : Bill Hwang Had $20 Billion, Then Lost It All in Two Days : The fast rise and even faster fall of a trader who bet big with borrowed money. ![]() So, how MANY of these rules APPLY to ViacomCBS Inc (VIAC) stock ?ġ7 great lessons for retail investors as well as newbie, INSUFFERABLY ARROGANT but naive teenagers and twentysomething investors !Ī) When you combine ignorance and leverage – you usually get some pretty scary results. Just saying.ġ) May 4,2021 : Technically Speaking: Doug Kass’ 50-Laws Of Investing : If you REALLY want to follow his advice, ViacomCBS Inc (VIAC) and its preferred shares (VIACP) plus the long-term options from December 17,2021 to January 20,2023 are extremely LOGICAL choices on May 22,2021.
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