(07-16-2021, 01:24 PM)The Real Marty Wrote: I would like to ask all you guys, who are dabbling in the market and posting here, a few simple questions.  

1)  What causes a stock to go up or down in the short term ( a day or a week, for example) ?  

2) What causes a stock to go up or down over the long term ( a few years) ?  

3) If a stock goes down, does that increase the odds that it will go up ?  

I have a strong impression that the ones of you who post the most in this thread don't know the answers to these questions.

Personally, my investments are based on historically strong companies and just using my gut instincts, specifically around the industry I work in. I also prefer stocks that pay a dividend at my age if it works out that way.

One example of using my industry instincts is we used OKTA very early on in its existence and I knew they would become a massive cloud identity/access management company with the way everything is headed to the cloud, so I invested heavily when their IPO came out around 2017 I think it was. Another stock I love is LTC and picked that up in 2000 on a tip from my dad at the time. It pays a great dividend and people will continue to get old.

As far as what causes a stock to go up and down: panic/excitement over an event 100% unrelated to the stock itself or anything the company does, or earnings reports.

If a stock goes down and you believe in it, you can pick up more to lower your cost basis. This is exactly what I am doing with CCL. 

Meme stocks are just fun. I equate it to a Vegas gambling trip.

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