OT: Stock and Investment Talk

[albanyknight]

I see the market continuing to go onward and upwards. Impossible to tell 100 when the music stops.

But billions are being given to Wall Street and to Hedge Funds to inject into the market. It is almost impossible now, not to make $$$.

If they can prop up oil prices, who knows how long this can go.

The trick is to get out before all the chairs are taken.

 

[RU-05]

So Nikola's stock jumped on the news of a personal pickup truck coming soon to market.

They also have a 800 million dollar deal with Bud to produce semi trucks.

So given that, a 2.2 billion dollar market cap sounds low ya? And thus we should expect that current price to increase?

 

[T2Kplus10]

S&P positive for 2020.
Nasdaq record high and inches from 10k.

Times are good. More record highs as states open and the economy quickly recovers!

Just like we have been saying all along. Stick to the plan, don't panic, steady as you go. Lots of money to make during the corona buying opportunity.

 

[Caliknight]

I see the market continuing to go onward and upwards. Impossible to tell 100 when the music stops.

But billions are being given to Wall Street and to Hedge Funds to inject into the market. It is almost impossible now, not to make $$$.

If they can prop up oil prices, who knows how long this can go.

The trick is to get out before all the chairs are taken.

We've been hearing this for 10 years.

 

[Caliknight]

S&P positive for 2020.
Nasdaq record high and inches from 10k.

Times are good. More record highs as states open and the economy quickly recovers!

Just like we have been saying all along. Stick to the plan, don't panic, steady as you go. Lots of money to make during the corona buying opportunity.

If you didn't invest when the Dow was at 18K, you made the biggest investing mistake of your life. That opportunity will likely never arise again in our lifetime.

 

[jtung230]

The risk vs reward in this market is scary. It has priced in a vaccine, no second round of virus and a full V recovery. Companies and government are not providing guidance for the near term.

 

[RU-05]

So when do we expect dividends to be reintroduced?

 

[RU-05]

If you didn't invest when the Dow was at 18K, you made the biggest investing mistake of your life. That opportunity will likely never arise again in our lifetime.

I got in at the end of the first run at around 22K.

After not investing after the great recession I was determined to get in on this one.

 

[T2Kplus10]

If you didn't invest when the Dow was at 18K, you made the biggest investing mistake of your life. That opportunity will likely never arise again in our lifetime.

Some CLs were waiting for sub-15k and lost their shirts! We warned them. We did our job. Buying on the way down and on the way back up made us a boatload of money.

 

[RU-05]

The risk vs reward in this market is scary. It has priced in a vaccine, no second round of virus and a full V recovery. Companies and government are not providing guidance for the near term.

It also pumped up some "covid" stocks like Moderna, Zoom, Twilio, Draft King, even stocks like Amazon and HD, and though those stocks have stalled of late, they are still at all time highs and in some cases WAY over their previous all time highs.

Does it make sense for these stocks to be that high if we are getting back to normal?

 

[T2Kplus10]

The risk vs reward in this market is scary. It has priced in a vaccine, no second round of virus and a full V recovery. Companies and government are not providing guidance for the near term.

The market has no way priced in the vaccine. It has priced in opening up the economy. Once the first successful vaccine is announced, the market will KABOOM. Probably another 10% pop.

Not much risk if you have 18-20 years time horizon.

 

[jtung230]

The market has no way priced in the vaccine. It has priced in opening up the economy. Once the first successful vaccine is announced, the market will KABOOM. Probably another 10% pop.

Not much risk if you have 18-20 years time horizon.

We are at pre Covid levels already. Why would we pop based on a vaccine now?

If you are investing over a 10 yr horizon, just dollar cost avg and avoid these threads.

 

[T2Kplus10]

We are at pre Covid levels already. Why would we pop based on a vaccine now?

If you are investing over a 10 yr horizon, just dollar cost avg and avoid these threads.

The Dow and S&P aren't at pre corona yet, little more to go. It will pop more because people are emotional.

We buy every Monday and on every other Friday. Like clockwork.

 

[mikershoein]

If you didn't invest when the Dow was at 18K, you made the biggest investing mistake of your life. That opportunity will likely never arise again in our lifetime.

Just 3 weeks ago the people were jumping ship, losers....

 

[T2Kplus10]

Just 3 weeks ago the people were jumping ship, losers....

+1
The chicken littles were still in full force. We warned them!
:)

 

[jtung230]

The Dow and S&P aren't at pre corona yet, little more to go. It will pop more because people are emotional.

We buy every Monday and on every other Friday. Like clockwork.

I started buying at 2400 and not just stocks. It was a great opportunity for bonds and pfd stocks. Stop buying at 2800 and started shorting at 2950. Will cover my shorts and start buying once my spending is back to pre covid.

 

[T2Kplus10]

I started buying at 2400 and not just stocks. It was a great opportunity for bonds and pfd stocks. Stop buying at 2800 and started shorting at 2950. Will cover my shorts and start buying once my spending is back to pre covid.

Bad strategy. Set it and forget it. People that try to time the market lose money. 95%+ of professional managers can't beat the market index over a 5 year period.

 

[Caliknight]

Just 3 weeks ago the people were jumping ship, losers....

They got duped by the hystericals. They are very emotional people. It's not good for investing lol.

 

[RU-05]

How bout we keep the childish garbage out of this thread?

 

[T2Kplus10]

How bout we keep the childish garbage out of this thread?

The conversation is perfectly fine. Just ignore what you are not interesting in. Not that hard.

 

[RU-05]

The conversation is perfectly fine. Just ignore what you are not interesting in. Not that hard.

Yeah, name calling is cool. Definitely what I had in mind when I started a stock talk thread.

 

[RU to the Core]

I rode this thing up from a day after the bottom. Bought some on the way up after that too. Felt like smart gambling. Did pretty well but I stuck to known names so I didn’t crush it like some people who made big money. Best performer was Facebook at 52% gain. Worst performer was McDonald’s like a 25% gain. Today sold half my positions. Just feels frothy. I’m sure I’ll miss out on some upside but weary of a multi day drop.

 

[BigWill]

How bout we keep the childish garbage out of this thread?

I would make it a POINT to NOT invest in any fund that has a large position in Chin=na or buy Chinese stocks by themselves.

IMO, they are empty vessels. They aren't required to report their "REAL" financials to the US stock exchanges. They are all run either by the Chinese Communist Party or their nominees.

A new term I have just coined; C I G O. "China In Garbage Out."

 

[RU-05]

I would make it a POINT to NOT invest in any fund that has a large position in Chin=na or buy Chinese stocks by themselves.

IMO, they are empty vessels. They aren't required to report their "REAL" financials to the US stock exchanges. They are all run either by the Chinese Communist Party or their nominees.

A new term I have just coined; C I G O. "China In Garbage Out."

I have stayed away from Chinese companies, but I was close to investing in Luck'n when they started to trade again. Could have made a bundle there.

 

[WhichReligionIsRight]

Is the market substantially overpriced? Yes.

But, don't fight the fed? Plus, where else is anyone going to invest their money these days? Commerical real estate? T-bills? CDs?

 

[RU-05]

Implied open currently at -$360.

Had to figure a drop was in the cards eventually.

Will be interesting to see if we see wild drops in some stocks like we have seen in some of their rises.

 

[BigWill]

@BigWill

What are some basic theories/strategies for taking profits?

First I go with my gut. By that I mean that I am investing for a long term result/conclusion, to make money for the long term. Without making myself crazy or having a heart attack while doing ANYTHING.

So, IF this next investment is going to be THE ONE that makes or breaks me, I have to have enough courage/know my self to figure out,MY RISK TOLERANCE !

I learned that over a long time when I would trade my own account on the E-Mini Futures market on a daily basis. Here's the RULE; IF your finger is shaking as you are about to push the key to execute the trade or you can't walk away from the screen after the trade to take a nice dump, you've executed a trade for TOO MUCH money.

It's the same thing in whatever market you are in Big Board, NASDQ, OTC or the pink sheet type stocks. Diversity and spreading out into more than one industry. (ie auto, oil, power, etc.) All your eggs in one basket is to get broken eggs if the sector goes belly up. See Airlines 2 weeks ago.

Profits; My Big Boards are all reinvest into more shares. I don't dollar cost average as a particular stock plunges unless there is an external factor making it plunge. (see Airlines again.). Management is key, like I said with IBM, any company that hires my youngest Son and makes a specific position only for him is a smart company, and I'm in like Flynn (not the General). Smart people make smart decisions, stupid people make dumb decisions and thereby hurt me.

Small cap profits; If I'm up 25 % I start to sell off to attempt to lock in those profits. Plus, I can see how strong the bid is as I try to sell out.
IF I can't get the shown bid, I am VERY wary and will dump it slowly ASAP. IF I can get executed trades, I am happier, but will still ALWAYS attempt to find a position where I am OUT with my original "investment". Trust me this doesn't happen very often. Which is why small caps should NEVER be where you have significant monies that mean ANYTHING to you, other to drive people crazy here.

Precious Metals; Gold and some Silver are hedge protections and should be in your long term portfolio. 3 - 5 % is a good figure.

Finding a advisor ? I like myself, but CFP at least have spent the time, and it's a pain in the butt, to take the courses and have spent the time learning something. But if ANYONE ever says; "Trust me on this" or "Go with me on just this one more.", cancel and move your account ASAP. (They have likely split their 'dead' accounts and are recommending buy and short on the same stock. Thereby revising dead accounts with the 50 % that work out.)

 

[T2Kplus10]

Plus, where else is anyone going to invest their money these days? Commerical real estate? T-bills? CDs?

I've said this many times. For most people, money is in the market or essentially "under the mattress".

 

[Joey Bags]

Very confused at to what to do now with a lot of my remaining side pot. Got back in when the market was around 22k, but now the NASDAQ is at ATHs at the same time when a recession is announced. This is unprecedented stuff, either the market is going to 40k over the next 4 years or it’s going to blow out again at the slightest hint of negativity (corona relapse, debt crisis, etc).

Curious where people think the market will be in 2021.

 

[T2Kplus10]

Very confused at to what to do now with a lot of my remaining side pot. Got back in when the market was around 22k, but now the NASDAQ is at ATHs at the same time when a recession is announced. This is unprecedented stuff, either the market is going to 40k over the next 4 years or it’s going to blow out again at the slightest hint of negativity (corona relapse, debt crisis, etc).

Curious where people think the market will be in 2021.

Here are my thoughts (based on our 18-20 time horizon). The market will continue to be volatile and emotional. There will surely be some down days/weeks. However, the corona virus will eventually lessen and go away. States will reopen, stores will open, jobs will come back, a successful vaccine will be announced, etc. The general trend is positive.

Also, as mentioned above, interest rates are at zero. Where else can money go for long term returns? This is why the market BOOMS whenever there is the slightest bit of good news.

Everyone's situation is different, but for us, it's steady as you go. We didn't changed our buying strategy during the initial crash (buy every Monday and every other Friday) and we made a boatload of returns.

 

[jtung230]

Bad strategy. Set it and forget it. People that try to time the market lose money. 95%+ of professional managers can't beat the market index over a 5 year period.

I hope everyone here is really just talking about their "play money". Retirement funds should not be traded.

 

[BigWill]

Please elaborate.

Land Casinos only; (A friend had a boat and also a on line 'casino' and what I know/surmise of that industry makes me uncomfortable trusting $.)
Besides part of the deal with land casinos is getting comped for your action in things to do that are fun, not sitting in front of this miserable typewriter with a tv screen attached.

Comps; Books have been written and people hunt for comps like they're getting off on the Casinos. But your there to have FUN, it's a vacation, a long weekend, somewhere to take the Wife for a nice meal and a clean, "free" hotel with maybe a hot tub bath.
So figure out what you and she want to do while you're not on the Casino floor and frequent those places with your bets.

Now you've decided that you want to play golf, so you've made reservations at a golf course Casino.
1. Open up a credit line with their credit dept. Just like signing up for a new Visa/MC. They'll look at your credit report and give you a "line". Say $ 5,000. You play craps/blackjack, you show you Casino card, they give you up to 5K in chips, you sign your "Marker" and off you go. Usually they want you to pay off the marker as you check out.

2. With that $ amount it's normal to ask for a Casino Host. That will be a person that get's you 'stuff' like your tee times. They will be jovial people it's like being recruited by Greg, all smiles and handshakes.
They will call you and invite you back again, comps here, comps there.
RFB (room, food. beverages) are almost always available, no matter the level of your play. (too difficult to explain). Just say the more you stay on the casino floor and the higher your individual bets, the better your comps will be and the more 'helpful' your Host will be.

2 A; Get rated. If you are using a machine and a Player's Club card the machine will automatically rate and calculate your comps. Table games, you need to ask to be rated, show your card to the Pit Boss and they will rate your play. (again books have been written on how to fool the pit boss, JUST HAVE FUN. They have seen it all, every scam, every fake BS).

3. Don't want to do the above ? At least join the Casino's Player's Club. That way you will get their promotions and if you sit at the slot's you can insert your Players Club card and build comps that way.

4. Small betters also deserve comps. A hotel room is no biggie mid week when the hotel is empty.

5. Ask for what you want; All they can say is no, BUT if they say YES !
I had my AC host call the Casino in San Juan, PR. They comped our plane fare, hotel room at the Casino, golf for me, sailing for Mary Ann.
I was up 3K on Sunday and had to stand and play Craps for an hour till I lost it all, so that I didn't feel bad and then they invited us again !

Spend/bet what you can afford to lose or what you would normally spend on a vacation, without a Casino.

I tell the story of the Super Bowl in the end zone as the Bills kicker Norwood goes "wide right" to miss and the under comes in. The
guy I'm with starts to actually cry. I asked him what was wrong. He had bet $12,000 on the under to make up for the $ 6,000 he was down with his local "friendly" bookie. So if the kick was good he was down a total of $ 18k which he didn't have. (So we were both happy, since I am sure he would have asked my for a loan for part of the debt.)

I case you couldn't figure it out, be definition that guy was a degenerate gambler. Seek help if you find yourself in a similar place in life.

Here's a funny one. 6 of us take limo to AC. Few hours later we're all up $. (which is unusual). Hop on the limo to head back up. Stopping at Mickey D's there for food on way up. One guy hops out of limo as we're waiting to make right turn. The guy had seen a 'date', standing on the corner. Limo drives around the corner and Batman (his nickname) is gawn. We drive around the strip for 30 mins and give up and go home. Next morning, doorbell rings. It's Batman, "Can I borrow $ 200 for cab fare ? and can get my Rolex back from the cabbie ?" So I find $ and he gives it to the cabbie and gets his watch. He got drunk with his 'date', went to every Casino he had a credit line with, lost it all, got comped a room. His 'date' stole everything he had in his wallet and only didn't get the watch because it was on his wrist.

 

[T2Kplus10]

I hope everyone here is really just talking about their "play money". Retirement funds should not be traded.

Then go for it! Party time. :)
I have to admit, I think about creating a play account as well.

 

[jtung230]

Then go for it! Party time. :)
I have to admit, I think about creating a play account as well.

rule number 1: (the same for going to casinos) only play with what you can afford to lose.

 

[T2Kplus10]

rule number 1: (the same for going to casinos) only play with what you can afford to lose.

Over the next year or two, I will likely have to choose between a mid-life crisis car or investment play account.
:)

 

[BigWill]

Don't get me started on cars...I could scream, like a Hillary Voter.

Like split window Vets, 429/289 Shelby Cobra's. AGGGGGHAA

Just one; My Cuse roomie got married and had to choose as he traded in his all black 65 Hurst GTO for new car in San Diego. The GTO didn't have AC.
He and his Wife are choosing between 429 Cobra (also no AC) and a 70 Vette.
He was forced to take the Vette, because it was Automatic Trans and his Wife wasn't strong enough to depress the clutch in the Cobra !

 

[jtung230]

Over the next year or two, I will likely have to choose between a mid-life crisis car or investment play account.
:)

I thought about a fun car a few years ago but it was impractical given my lifestyle. I decided on watches. The funny thing is that it turned out to be a great investment too.

 

[T2Kplus10]

I thought about a fun car a few years ago but it was impractical given my lifestyle. I decided on watches. The funny thing is that it turned out to be a great investment too.

With a young daughter, a fun car is likely impractical as well. We will likely just up our vacation budget. We have been saving for a beach home, should be financially ready to go in 2-3 years (probably sooner). However, we just need to make sure we can get down there enough to make it worth it.

 

[RUScottish05]

Looking to do comparisons on current stock price vs. 52-week Hi/Low. Can anyone recommend the best means to look at lowest performing stocks vs. the 52-week hi? I would love to get this data in excel but I can't find it.

 

[WhichReligionIsRight]

Very confused at to what to do now with a lot of my remaining side pot. Got back in when the market was around 22k, but now the NASDAQ is at ATHs at the same time when a recession is announced. This is unprecedented stuff, either the market is going to 40k over the next 4 years or it’s going to blow out again at the slightest hint of negativity (corona relapse, debt crisis, etc).

Curious where people think the market will be in 2021.

I think the most important question is your timeline. What are you saving for? Car or house? College for kids? Retirement? Or, intend to never spend? That would govern what to invest into.

Also, what is your risk tolerance?