Don't. My first post may have been a bit mean I guess, if you read it that way. When I saw that number and tied it to the thread about gambling behind his wife’s back (said she would be mad so obviously a problem before) and losing almost everything in the crypto thread, that amount did give me pause. I could be wrong and honestly at this point with two people saying to back off, I don’t care anymore. If it does well and he actually has that much he’ll have a nice pay day. I’ll be happy as well but if it bottoms out, not a big deal to me.Bob Sacamano said:
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Stock Thread (14 Viewers)
- Thread starter St. Louis Bob
- Start date
I’ve got a big house with enough room for a lap pool. Even though I should have used your bagging on Shopify as my confirmation to invest, I’ll still let you crash if you sell your parking space and put in the lap pool.
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dkp993
Footballguy
Hey! FC and I were working out a deal and you come in here all Johnny come lately with your safe investing and big house. Not cool buddy. Now I’m going to have to defend the tunnel all by myself.
fantasycurse42
Footballguy Jr.
I'll put the lap pool under the tunnel, but since I'm the proprietor of said lap pool, we split the security 80/20 instead of 50/50.
fantasycurse42
Footballguy Jr.
On a stock related note, CNBC is going to need to hire new writers for their headlines. Every day for the last month:
[insert index here] Climbs Despite Coronavirus Worries... They really need something new.
[insert index here] Climbs Despite Coronavirus Worries... They really need something new.
chet
Footballguy
Bob Sacamano
Footballguy
Freak Show
Footballguy
Thanks to everyone who commented on Shell and Exxon. My decision on where to reinvest money was made much easier.
siffoin
Footballguy
"Nuclear missiles exchanged between Iran and Israel. World War III begins. Stock Market rallys on reconstruction. Home Builders Index to All-Time Highs."
McBokonon
Footballguy
fantasycurse42
Footballguy Jr.
Bob Sacamano
Footballguy
cosjobs
Footballguy
So much news/drama for this tiny company in a single day. I’m really interested to see how this plays out.
Only one data point among many out there but read that Greek 10 year bond yields fell below 1%. A country that defaulted just a few years ago that still has a 16% unemployment rate in a “booming economy” can borrow cheaper than the US, makes tons of sense right?
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
Otis
Footballguy
Cross posting this here:
Stupid question maybe:
If we’re confident that the market will continue to go up over the long haul, why shouldn’t I be putting all or a large chunk of my portfolio into an ETF like UDOW, Pro Shares Ultra Pro Dow 30, which tracks the Dow but gives you 3x the movement in either direction. I look back just 10 years on that and if I got 15 or 20 years of that return before I retire, I’d retire a pretty wealthy dude.
What am I missing here? Why doesn’t everyone do this?
Stupid question maybe:
If we’re confident that the market will continue to go up over the long haul, why shouldn’t I be putting all or a large chunk of my portfolio into an ETF like UDOW, Pro Shares Ultra Pro Dow 30, which tracks the Dow but gives you 3x the movement in either direction. I look back just 10 years on that and if I got 15 or 20 years of that return before I retire, I’d retire a pretty wealthy dude.
What am I missing here? Why doesn’t everyone do this?
20% corrections are not uncommon, let's say the market takes a 30% downturn, how would you feel turning on CNBC watching the market go down like this and losing most of your portfolio? Sure there's the potential for big gains and maybe it would even work out for you but would big gains really change your life that much? What about big losses?
Sand
Footballguy
McBokonon
Footballguy
Elon Musk on the last earnings call two weeks ago when asked why he doesn't raise capital now with the stock price being so high.
Tesla today
I honestly don't see how anyone can feel comfortable investing in this company. I'm sure the cars are great and all that, but when I think of Musk, I don't think, "Responsible, honest financial steward."
Capella
Footballguy
Sand
Footballguy
Yet if I was running that place I would have done the same thing - an opportunity to raise capital doesn't come around like this very often. After going parabolic the valuation was insanely high, so a perfect time to issue shares.
McBokonon
Footballguy
Totally. It's just the complete about-face in two weeks, like he ended the conference call and said, "That analyst guy had a great idea!"
jvdesigns2002
Footballguy
skycriesmary
Climbing up the Walls
Looking at getting into a small oil play at these levels. Why is RBS B so much more beaten up in the last year than CVX or XOM? The dividend is 7.28% compared to 4.61 and 5.73. Obviously, they have better fundamentals, but that's a really sizable difference in the dividend.
Well we are on a hill, which is great for the backyard patio and screened porch. Very private and lots of trees behind us. I actually sent @Otis picks of my fireplace/built in bar and grill when he was doing his.
Anyway, as long as you don’t mind swimming up hill a bit, we could probably fit a 25 yard one. 50 would be tough unless we made it U shaped. I guess with a ladder between, it’s more of a slide than a lap pool, but maybe that’s more fun.
TSLA is a stock that would worry me. Something like this dilutes the shares. There’s no ifs ands or buts about it. It does.shares started down like 4% and now they’re up almost 3%. That makes no sense. An offering like this makes shares worth less. Oh well, wish I bought some before the Q3 earnings but this run up is a bit much and days like this make you realize it’s not working right.
Honestly, that’s why I really do like individual stocks. Everything gets hit when things go down, but when you know something is growing by leaps and bounds, the stock upswing is warranted. The stocks that should worry people are the ones getting lifted because of the rising tide not their own fundamentals.
I understand doing it but amazing that the stock is up a bunch today after opening well down. It makes sense but it is the company basically admitting that it’s a great price level to do an offering, i.e. we didn’t think the stock would be or should be at this price.
McBokonon
Footballguy
Is this a joke I'm not getting or a typo? I can't find this.
siffoin
Footballguy
Bob Sacamano
Footballguy
For those of you using Fidelity, be careful if you ever change the way your dividends are invested. I attempted to change one position to reinvest in the security, and I apparently changed them all on accident. So, more AAPL for me today. Yay!
McBokonon
Footballguy
I turned off all automatic reinvestments as soon as trade commissions went to zero.
fantasycurse42
Footballguy Jr.
I'm truly shocked at the complacency. My gut says buy some cheap insurance right now.Get Yer Popcorn Ready
D-Day
Footballguy
. When siffoin talks, I listen. I don't understand what he's saying, but it does get my attention.
fantasycurse42
Footballguy Jr.
I'm looking at $42.50 puts on YUMC for 16 cents dated next Friday, thoughts, anyone?
This is a pure gamble, the opposite of an investment... I just like the odds.
This is a pure gamble, the opposite of an investment... I just like the odds.
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Bob Sacamano
Footballguy
D-Day
Footballguy
If my math is correct (remember, I'm a marketing major), the dilution was about 2% If the only reason it dropped by 4%, then that was a buying opportunity. My uneducated thoughts on TSLA (I own zero shares at this time) is that in the long run it should be a good investment. I see Tesla as an aspirational product, much like Apple. More and more people are jonesing to buy the vehicles vs other brands--gas or electric. I would not buy TSLA at this level, but I'm hoping for a big pullback to start investing in TSLA.
fantasycurse42
Footballguy Jr.
I find the spike in deaths highly suspicious... They can try to justify the spike in cases as a reclassification, but you can't use the same logic in deaths. It's possible we find out more in the coming days... If something was to get shredded, feels like this is a good spot to place some chips. This is more of a wager, but I'm going to put like $500 that I'm okay to lose and take a swing on like 30 puts.
siffoin
Footballguy
Let's not get ahead of ourselves. It's a "process". I will say this - pulling out 30 year old charts and the market has never been this over-extended - not even close. 1999 looks reasonable to what I'm seeing today. I see 2 possibilities.
1) We're in a new paradigm and this time it's different. Or
2) The market is in a position to where price and value are not in line...and price will begin to move back towards more reasonable valuation.
I'm BEGINNING to adjust. The market is still bullish...it's just wildly over-extended. Maybe we just continue to go up and up and up. But don't be surprised if it doesn't. I'm $GYPR(ing).
fantasycurse42
Footballguy Jr.
Nothing like being up 4% in 3 days on an investment that is supposed to be conservative.
BassNBrew
Footballguy
Listening to the advice here...Just sold my $22 share FB and $8 BAC. Moved a little Amazon. Dumped half of my mutual funds. Gonna ride my Chevron, GE, and Exxon to $0.
Thanks to whoever tipped me on AKBA. Not even sure what it is, but it's 3x in 1.5 years.
Remember Paragon and Star Bulk? Not fun looking at those or AGFEED overtime I log in.
Thanks to whoever tipped me on AKBA. Not even sure what it is, but it's 3x in 1.5 years.
Remember Paragon and Star Bulk? Not fun looking at those or AGFEED overtime I log in.
fantasycurse42
Footballguy Jr.
S&P 500 and Nasdaq hit fresh record highs in comeback from coronavirus slide
ETA:
Starting to think this Coronavirus is good for the market.
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