OT: Stock and Investment Talk

[T2Kplus10]

FYI, the stock market leading the way!

All of a sudden, people are talking about a V-shaped recovery again: ‘The stock market had it right’
https://www.cnbc.com/2020/06/06/all...very-again-the-stock-market-had-it-right.html

 

[rurichdog]

 

[T2Kplus10]

+1
Yesterday was one hell of a good day! :)

 

[93RUDoc]

I was 60% in, then was going to wait the other 40% in cash until after the Winter to see if Covid was coming back, but I think people are not scared anymore, even if it makes a slight comeback. They might not go on Cruises but will spend on other things, like charter a party boat with friends, it is the American Way. All in. There are still blue chip bargains out there now. I am buying Exxon, Goldman Sachs, Visa, AMEX tmw. And airline stocks, I am in for 10 yrs, I do not think we will be able to flap our arms and fly anytime soon or in 10 yrs.

 

[BigWill]

I stand corrected. Didn’t see the change on Thursday. Sorry I wasn’t up to date. I know the hotel lobby was pushing hard to get that done.

President Trump and by listening to his economic advisors has come in again to adjust the poorly written parts of the Congessional bill and thereby helped the businesses in need.

Could you imagine the screams on the CE board...

 

[T2Kplus10]

I was 60% in, then was going to wait the other 40% in cash until after the Winter to see if Covid was coming back, but I think people are not scared anymore, even if it makes a slight comeback. They might not go on Cruises but will spend on other things, like charter a party boat with friends, it is the American Way. All in. There are still blue chip bargains out there now. I am buying Exxon, Goldman Sachs, Visa, AMEX tmw. And airline stocks, I am in for 10 yrs, I do not think we will be able to flap our arms and fly anytime soon or in 10 yrs.

As states open up, jobs will return and the market will respond. Also, sooner or later a successful vaccine will be announced.....you need to be all in when this happens! :)

As long as interests rates remain at zero, seriously, where else can you put money for long term returns? The options are very limited.

 

[BigWill]

Or the Wuhan Virus will mutate and disappear ....

Fauci will go back to obscurity and the World can begin to untangle themselves from Chin-na and their attempt to conquer/control the World.

 

[rurichdog]

When do BLM and Antfart pivot back to Occupy Wall Street? I'm thinking they haven't realized the stock market rallied hard while they were out doing their thing, and they're going to be outraged.

 

[BigWill]

They're not entirely Stupid, they have their 401K's as well.

 

[jtung230]

President Trump and by listening to his economic advisors has come in again to adjust the poorly written parts of the Congessional bill and thereby helped the businesses in need.

Could you imagine the screams on the CE board...

Let’s just keep it to our imaginations. LOL

 

[BigWill]

I'm just jacked that I got called into work at my closed SUNY campus to work because of a scheduled 'peaceful' protest across the street.

Hope this doesn't foul up my unemployment and $ 600 bucks....

 

[RU-05]

Definitely did not do as well on my "penny" stocks on Friday.

Hexo +10%
VISL -35%
TMDI -33%
RWLK +15%

Now I think part of that is just the standard 2 steps fwd 1 step back movement of the market. TMDI I'm still up 40%. And it's something I need to learn from. See the jump in the penny stocks, figure out which ones I like, wait for the likely dip, and then get it.

I think my experience with GNUS warped my outlook a bit. That thing just blasted off, so I see some of these others get moving, FOMO kicks in, and I make the irrational decision to buy in.

VISL was especially an irrational impulse buy, think I looked it up in the morning and for some reason I own more in that then I do in RWLK which I like more.

In the long run these short terms ups and downs don't matter much, especially on a stock which sells for a dollar, but still something I need to work on.

 

[jtung230]

I feel like I have a better chance at making money at Blackjack than playing penny stocks.

 

[jtung230]

I'm just jacked that I got called into work at my closed SUNY campus to work because of a scheduled 'peaceful' protest across the street.

Hope this doesn't foul up my unemployment and $ 600 bucks....

Be safe. ThE $600 runs out I n July. So you are not missing much.

 

[T2Kplus10]

I feel like I have a better chance at making money at Blackjack than playing penny stocks.

+1
Penny stocks seem like playing the lottery. No thank you!

 

[rurahrah000]

+1
Penny stocks seem like playing the lottery. No thank you!

That’s right. They are selling for a penny for a reason.

 

[rurahrah000]

The best advice someone ever gave me was that when a mega cap stock goes down due to a controversy (Facebook, chipotle, etc) and not due to mismanagement (GE, IBM, Exxon, etc) they should always be bought. It has been true a vast majority of time for me. I should be able to retire in my 50’s and still pay for college and graduate school for my 3 kids.

 

[T2Kplus10]

The best advice someone ever gave me was that when a mega cap stock goes down due to a controversy (Facebook, chipotle, etc) and not due to mismanagement (GE, IBM, Exxon, etc) they should always be bought. It has been true a vast majority of time for me. I should be able to retire in my 50’s and still pay for college and graduate school for my 3 kids.

Pretty good advice. Just like the stock market going down due to a non-economic reason (e.g., election or pandemic).

 

[RU-05]

I feel like I have a better chance at making money at Blackjack than playing penny stocks.

I may come to that conclusion, but I don't know yet.

Edit: I've also already made more then double my money on a single play, while I will never lose all my money in a single play. So the results look better then what is offered by blackjack.

 

[jtung230]

I may come to that conclusion, but I don't know yet.

Edit: I've also already made more then double my money on a single play, while I will never lose all my money in a single play. So the results look better then what is offered by blackjack.

I was at Hard Rock in Ft Laud in Jan. Cashed in $400 and walked away with $1600 in 4 hours playing blackjack. How you like them apples. LOL

I won’t tell you about the times I lost all of it.

 

[RU-05]

Implied opening currently at +$240.

Bought back in on airlines, and strengthened a few positions. I think there is a peak somewhere but we ain't there yet.

 

[T2Kplus10]

Data on the reopening:

Five charts that track the U.S. economy amid reopening progress
https://www.cnbc.com/2020/06/07/five-charts-that-track-the-us-economy-amid-reopening-progress.html

Dow futures up, including airlines.

 

[Proud NJ Sports Fan]

Stick with McDonalds

 

[patk89]

+1
Penny stocks seem like playing the lottery. No thank you!

Remember First Jersey Securities back in the day? Robert Brennan in a helicopter. He got rich. His customers? Not so much. Due Process.

 

[BigWill]

Reading the Jordan Belford book right now in spurts.

That's why i suggest, vacation type dollar amounts in small caps and getting any profits out immediately.

Same idea at Casinos. You get a decent credit line with the Casino. Then every time you are there you use the credit line to pay for everything. Second time there they should comp you for at least meals. Lose a few hung and you and Wife had a good time, nice meal, got to yell and scream at the Craps table and the world is your oyster.

 

[T2Kplus10]

Reading the Jordan Belford book right now in spurts.

That's why i suggest, vacation type dollar amounts in small caps and getting any profits out immediately.

Same idea at Casinos. You get a decent credit line with the Casino. Then every time you are there you use the credit line to pay for everything. Second time there they should comp you for at least meals. Lose a few hung and you and Wife had a good time, nice meal, got to yell and scream at the Craps table and the world is your oyster.

 

[RU-05]

NKLA opened at $42, is up to $60, good for +67%.

Hell yeah!!!

 

[BigWill]

Data on the reopening:

Five charts that track the U.S. economy amid reopening progress
https://www.cnbc.com/2020/06/07/five-charts-that-track-the-us-economy-amid-reopening-progress.html

Dow futures up, including airlines.

200 & 300 & 800 points here and there, and pretty soon you have a bull market.

Dem's don't run on the Economy...."It's the Economy Stupid!", James Carville, Clintonite...

 

[RU-05]

One of my penny stocks is up 28% so far today.

I have 4 other stocks doing better.

It's crazy.

 

[RU-05]

@BigWill

What are some basic theories/strategies for taking profits?

 

[RU-05]

HTZ is up to $5.97, this is higher then before it declared bankruptcy, it was below a dollar last week.

This market is out of it's gourd.

 

[T2Kplus10]

One of my penny stocks is up 28% so far today.

I have 4 other stocks doing better.

It's crazy.

Rising tide lifts all boats (well, most)! :)

 

[vkj91]

Where are all these threads now? When I checked this am, first ten threads were OT on football board. I keep getting notices that people have posted in threads but I can’t find them on the board?

 

[T2Kplus10]

Where are all these threads now? When I checked this am, first ten threads were OT on football board. I keep getting notices that people have posted in threads but I can’t find them on the board?

Richie and the mods keep trying to purge all threads that are political (or become political). As in, most threads. :)

 

[formerlyknownasrutgers100]

Latam airlines (LTM) seems to be rising sharply like Hertz, also had bankruptcy declared a few weeks ago. It's rising fast for me.

 

[WhichReligionIsRight]

HTZ is up to $5.97, this is higher then before it declared bankruptcy, it was below a dollar last week.

This market is out of it's gourd.

The market has decided all the transport/travel stocks were hammered too hard. The cruise lines and airline stocks are also going nuts. Along with Boeing. Personally, I try to avoid stocks weighed down with too much debt, but some folks are making a ton of money on these right now.

 

[WhichReligionIsRight]

Speaking of transport stocks, SPCE is up almost 10% today. I have a position, but mostly because I'm a Star Trek fan.

 

[drewbagel423]

Reading the Jordan Belford book right now in spurts.

That's why i suggest, vacation type dollar amounts in small caps and getting any profits out immediately.

Same idea at Casinos. You get a decent credit line with the Casino. Then every time you are there you use the credit line to pay for everything. Second time there they should comp you for at least meals. Lose a few hung and you and Wife had a good time, nice meal, got to yell and scream at the Craps table and the world is your oyster.

Please elaborate.

 

[rurahrah000]

HTZ is up to $5.97, this is higher then before it declared bankruptcy, it was below a dollar last week.

This market is out of it's gourd.

This is going to end very badly for investors at this level. Put options for $6 expiring in October are like $5. That is 83% premium of the value. That is insane.

 

[formerlyknownasrutgers100]

This is going to end very badly for investors at this level. Put options for $6 expiring in October are like $5. That is 83% premium of the value. That is insane.

how long do you think before the market corrects itself?