OT: Stock and Investment Talk

RU-05

All American
Jun 25, 2015
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I know there were some recent threads out there, but I looked and could not find them.

So I'm starting one up fresh.
 

RU-05

All American
Jun 25, 2015
7,149
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Anyways I got in on Gnus on Thursday at $2.

Was up at $4.40 in extended hours trading this morning, thought I'd be prudent, sell half, thinking maybe a dip was due, and then work with house money.

Well it shot up over $7 before dipping back below $7, so I sold another half, again expecting a dip.

I've done really well in this recovery, have one stock that has doubled, but this one is my first real rocket takeoff.
 

BigWill

All Conference
Gold Member
Jul 25, 2001
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So now you're working with 'house' money, feel good about yourself.

It doesn't happen too often.

Sell limit @ 5 IF the price keeps going up you can raise the sell limit as it appreciates.

I'm ALWAYS conservative on non-conservative stock picks.
The money still in is there's you want to limit your downside to lock in your house money.

The remaining shares you can ride up, IF they go up, and still sell off 1/2's of the remaining holdings at PREDERMINED prices. The sell limits keep you from riding the dead horse and losing your profits.

Even NASDQ stocks can put you on a wild ride.
 
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BigWill

All Conference
Gold Member
Jul 25, 2001
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I got into PENN at about $11 it is now around $32 Wish I would have bought when it was below $5

Like I said above, when I am in on a 'score', I like to keep the score !
So especially if I'm in a self directed IRA I lock in profits. Set limits well below current trading prices to keep me profitable in that trade if it shits the bed, AND mentally or physically set additional sell limits (not the entire number of shares, but eventually I'll be out of it) if the stock continues to appreciate

I am also looking at any airline that was able to purchase J-3 jet fuel on future's contracts as Oil hit the bottom. Any CEO that had the foresight to buy his biggest operating expense cheap is a forward looking guy.
 

newell138

Heisman Winner
Gold Member
Aug 1, 2001
18,278
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Ocean City NJ via South Brunswick and Denville
I got into PENN at about $11 it is now around $32 Wish I would have bought when it was below $5

Nice job at 11, I got it at around 20. On the dip a couple months ago i picked up WORK at $20, its now almost $40. Also still time to get on Zynga, got it at $6, up to around $9 but its got a big upside w/ its latest purchase.
 
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BigWill

All Conference
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Jul 25, 2001
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Big boys looking at 10- 20 % appreciation by Nov 4th.(or before if Joe can't find the basement door and they have to run Mario).

Coke; KO. I don't drink it but someone we LOVE does (at least Diet).
IBM; anyone smart enough to hire one of my Son's is a smart company.

Both of them just back to previous Wuhan levels and it's a Big Board score.
 
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Sec 127

Freshman
Sep 23, 2014
231
158
43
In on kkr calls a couple of days ago. Russell 2000 rebalancing. Details June 6. Good chance KKR is added to the index. If so, every index fund that tracks the index will have to buy it for the portfolio. Sitting on a triple right now. Looking for a decent score.
 
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RU-05

All American
Jun 25, 2015
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I got into PENN at about $11 it is now around $32 Wish I would have bought when it was below $5
For as well as I have done, on Gnus, but the market in general, there is always that "I wish" factor. I wish I was in earlier on Gnus, and wish I set my initial recoup of profits a little higher.

But I've made a bundle so I should just be happy with what I've done thus far.
 

BigWill

All Conference
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Jul 25, 2001
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For as well as I have done, on Gnus, but the market in general, there is always that "I wish" factor. I wish I was in earlier on Gnus, and wish I set my initial recoup of profits a little higher.

But I've made a bundle so I should just be happy with what I've done thus far.

Think of the posters here that will decry your perspicacity and claim that you didn't actually buy the stocks we're discussing. :Laughing

"Living well, the best revenge."
 

RU-05

All American
Jun 25, 2015
7,149
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Think of the posters here that will decry your perspicacity and claim that you didn't actually buy the stocks we're discussing. :Laughing

"Living well, the best revenge."
If it makes them feel any better there were a couple stocks like MIK that I was "this" close to buying at it's bottom, but didn't.

Also bought HTZ just before the bankruptcy, and then was hesitant to go after CARS.
 

RU-05

All American
Jun 25, 2015
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I've sold a couple dog stocks and have a couple bucks sitting there, but after a really hot run I'm expecting a bit of a pull back in the coming days.

Agreement?
 
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BigWill

All Conference
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Jul 25, 2001
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I've sold a couple dog stocks and have a couple bucks sitting there, but after a really hot run I'm expecting a bit of a pull back in the coming days.

Agreement?

No.

"It's the economy stupid." as people see Basement Joe become Confused Joe as he get away from his tanning bed and has to string together coherent sentences unscripted.
 

T2Kplus10

Hall of Famer
Feb 24, 2010
28,199
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I know there were some recent threads out there, but I looked and could not find them.

So I'm starting one up fresh.
Looking good since the initial hysteria. For those that didn't panic and kept buying, they have done very well:

106452307-159119140516520200603coronaviruscomebackopen.png
 

RUfromSoCal?

Heisman Winner
Gold Member
Nov 27, 2006
17,145
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so, they haven't broken any regulations for a day or two?

cool - I'll load up....
 

RU-05

All American
Jun 25, 2015
7,149
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No.

"It's the economy stupid." as people see Basement Joe become Confused Joe as he get away from his tanning bed and has to string together coherent sentences unscripted.
But the economy is not exactly on fire right now.
 

rotorocker

Senior
Gold Member
Aug 29, 2007
2,135
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This is a perfect time for me to ask a question I've been wondering. So 7/27/2017 I bought 119 shares of NOV @ $33.35 and yesterday bought 789 shares of the same stock @ $12.67. Now when I decide to sell is where I'm a bit confused about. Is it FIFO about which ones get sold? Do they just take the average price ($23.01?) I am aware of the 30 day rule of selling and then buying but don't think I would ever be in that situation. Any clarification would be helpful.
 
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RU-05

All American
Jun 25, 2015
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It will be very soon. Remember, the economy was booming prior to this medical event/crisis. Once it is over, the economy will boom again.
Well that is a prediction, and not exactly a consensus one. I know the market does look to the future, but the current economic #'s are on still on the downward trend.
 
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T2Kplus10

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Feb 24, 2010
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Well that is a prediction, and not exactly a consensus one. I know the market does look to the future, but the current economic #'s are on still on the downward trend.
But better than expectations. Yes, the market is about the future, but also about expectations.
 
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phs73rc77gsm83

Senior
Gold Member
Aug 11, 2011
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This is a perfect time for me to ask a question I've been wondering. So 7/27/2017 I bought 119 shares of NOV @ $33.35 and yesterday bought 789 shares of the same stock @ $12.67. Now when I decide to sell is where I'm a bit confused about. Is it FIFO about which ones get sold? Do they just take the average price ($23.01?) I am aware of the 30 day rule of selling and then buying but don't think I would ever be in that situation. Any clarification would be helpful.

FIFO is the default method for calculating your cost basis unless you specify otherwise. Specific Identification is another method available for determining cost basis and can potentially save on taxes but requires more record keeping. Average cost basis is an option for mutual funds but not individual equities. The above should not be construed as tax or legal advice. I’d suggest discussing with your tax advisor or tax preparation software support.
 

patk89

All American
Jul 25, 2001
5,432
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FIFO is the default method for calculating your cost basis unless you specify otherwise. Specific Identification is another method available for determining cost basis and can potentially save on taxes but requires more record keeping. Average cost basis is an option for mutual funds but not individual equities. The above should not be construed as tax or legal advice. I’d suggest discussing with your tax advisor or tax preparation software support.

Good explanation. And brokerage statements do this calculation for you, unlike in the old days. You just select the method. If you do nothing, FIFO is used as well stated by PHS.
 

Goo

Junior
Jul 31, 2001
646
69
28
Just a hunch, but me thinks we are in the last stages of a major short squeeze. Once complete, expecting a trip back down to the March lows (S&P 2200) into Nov election cycle.
 

superfan01

All American
May 29, 2003
7,082
5,134
113
Like I said above, when I am in on a 'score', I like to keep the score !
So especially if I'm in a self directed IRA I lock in profits. Set limits well below current trading prices to keep me profitable in that trade if it shits the bed, AND mentally or physically set additional sell limits (not the entire number of shares, but eventually I'll be out of it) if the stock continues to appreciate

I am also looking at any airline that was able to purchase J-3 jet fuel on future's contracts as Oil hit the bottom. Any CEO that had the foresight to buy his biggest operating expense cheap is a forward looking guy.
So you sell the winners and ride the losers. Yikes.
 

miklosru

Freshman
Nov 17, 2006
100
68
28
Bridgewater, NJ
Looking good since the initial hysteria. For those that didn't panic and kept buying, they have done very well:

106452307-159119140516520200603coronaviruscomebackopen.png
The market is due for a correction that could easily reach and even exceed 20%. In the second half of June or perhaps sooner, the market would start focusing on the fundamentals and investors will realize that the estimated P/E ratio of the vast majority of the companies are way above the historical average for the sector. People will worry about second quarter earnings and once the first numbers are coming in, those who have been in the state of delirium suddenly wake up. Many of the less experienced investors will get panicked once the market participants try to factor in the many uncertainties that will impact future economic growth (Covid-19, presidential election, federal, state and local budget crisis, unprecedent debt amount that will create such a high debt service level that requires cuts to the core of the federal budget) that will all impact future earnings. The impact of future inflation expectations have not been factored in yet. Another huge question is that how long will it take to rehire the majority of the people who are out of work. It could take years. Many jobs are gone permanently/ While there will be new type of jobs created for people with high skills, many people need to realize that most of the low-skilled jobs are gone, perhaps forever. The prospect of choosing between two very old presidential candidates is not something anybody can get excited about it. Once Covid-19 is handled, there will be many new international disturbances we need to deal with. If you are a realist, you should defend your positions through limit orders and when the right time comes make money through shorting some of the overvalued stocks to counterbalance some of the inevitable losses you will suffer in your long positions.
 

UMRU

Senior
Gold Member
Sep 19, 2006
2,439
743
113
Anyways I got in on Gnus on Thursday at $2.

Was up at $4.40 in extended hours trading this morning, thought I'd be prudent, sell half, thinking maybe a dip was due, and then work with house money.

Well it shot up over $7 before dipping back below $7, so I sold another half, again expecting a dip.

I've done really well in this recovery, have one stock that has doubled, but this one is my first real rocket takeoff.

Wow, up 97% just today. But the question I have is whether or not anyone will admit to buying Gnus when is was at $87 back in 2012?
 

UMRU

Senior
Gold Member
Sep 19, 2006
2,439
743
113
The market is due for a correction that could easily reach and even exceed 20%. In the second half of June or perhaps sooner, the market would start focusing on the fundamentals and investors will realize that the estimated P/E ratio of the vast majority of the companies are way above the historical average for the sector. People will worry about second quarter earnings and once the first numbers are coming in, those who have been in the state of delirium suddenly wake up. Many of the less experienced investors will get panicked once the market participants try to factor in the many uncertainties that will impact future economic growth (Covid-19, presidential election, federal, state and local budget crisis, unprecedent debt amount that will create such a high debt service level that requires cuts to the core of the federal budget) that will all impact future earnings. The impact of future inflation expectations have not been factored in yet. Another huge question is that how long will it take to rehire the majority of the people who are out of work. It could take years. Many jobs are gone permanently/ While there will be new type of jobs created for people with high skills, many people need to realize that most of the low-skilled jobs are gone, perhaps forever. The prospect of choosing between two very old presidential candidates is not something anybody can get excited about it. Once Covid-19 is handled, there will be many new international disturbances we need to deal with. If you are a realist, you should defend your positions through limit orders and when the right time comes make money through shorting some of the overvalued stocks to counterbalance some of the inevitable losses you will suffer in your long positions.

Which is why Draft Kings is the way to go. If the market tanks, people will still need somewhere to bet their money:Wink:
 

RU-05

All American
Jun 25, 2015
7,149
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113
Wow, up 97% just today. But the question I have is whether or not anyone will admit to buying Gnus when is was at $87 back in 2012?
A bunch of years ago I bought DFFN for $400 something, only to see it tank until I sold it this year at like .80 cents.

It was a big reason why I never played the market between then and now.
 

T2Kplus10

Hall of Famer
Feb 24, 2010
28,199
17,447
113
The market is due for a correction that could easily reach and even exceed 20%. In the second half of June or perhaps sooner, the market would start focusing on the fundamentals and investors will realize that the estimated P/E ratio of the vast majority of the companies are way above the historical average for the sector. People will worry about second quarter earnings and once the first numbers are coming in, those who have been in the state of delirium suddenly wake up. Many of the less experienced investors will get panicked once the market participants try to factor in the many uncertainties that will impact future economic growth (Covid-19, presidential election, federal, state and local budget crisis, unprecedent debt amount that will create such a high debt service level that requires cuts to the core of the federal budget) that will all impact future earnings. The impact of future inflation expectations have not been factored in yet. Another huge question is that how long will it take to rehire the majority of the people who are out of work. It could take years. Many jobs are gone permanently/ While there will be new type of jobs created for people with high skills, many people need to realize that most of the low-skilled jobs are gone, perhaps forever. The prospect of choosing between two very old presidential candidates is not something anybody can get excited about it. Once Covid-19 is handled, there will be many new international disturbances we need to deal with. If you are a realist, you should defend your positions through limit orders and when the right time comes make money through shorting some of the overvalued stocks to counterbalance some of the inevitable losses you will suffer in your long positions.
Welcome to the CL crew!
cl02.jpg
 

RU-05

All American
Jun 25, 2015
7,149
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Airlines up in extended hours despite the Dow having an implied opening down 140 points.

Find that one interesting.
 

RU-05

All American
Jun 25, 2015
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And as long as interested rates are set to zero. One less place to put money for returns.

Hidden inside this statement is if more people want their money in the market post Covid then they did pre covid then the market will grow because of that regardless of the economy.

So if technology is making it easier, and it has, if people who were into online betting(think of it as a gateway drug) have picked up market investing, if people who had poor success in the past but saw this as a golden oppurtunity(I fit both this and the first hypothetical), then the value of the market will reflect that in a positive way.
 
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RU-05

All American
Jun 25, 2015
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Gnus keeps rolling up 1.42(about 15ish%) in extended hours.

Dow has swung back lower, currently -150.

Yeah, this is what I've been doing lately.
 
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