fantasycurse42
Footballguy Jr.
Can someone give me an update on what's happening with CYDY? It's at the point where I'm now paying attention to what it's doing. When I had $2k of the stuff I didn't care, now it's worth paying attention.
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Stock Thread (37 Viewers)
- Thread starter St. Louis Bob
- Start date
Gotta suck in everyone before the next drop OR this COVID-19 is going to magically be beaten.
fantasycurse42
Footballguy Jr.
Gotta be honest, I'd rather be late to getting in with my DCA strategy and have a huge rebound while knowing my job is safe, then buying lower and being in danger of being unemployed.
Update is that we are all working on our yacht namesUpdate is that we are all working on our yacht names
Capella
Footballguy
fantasycurse42
Footballguy Jr.
Of course that wouldn't happen. Why would they offer money to people when they can find a backdoor to give it to billionaires?
These stimulus checks are the same misdirection as when corporations gave employees $1k bonuses. The tax cuts were permanent, bonuses were once. Misdirection misdirection misdirection, people too oblivious to see it.
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The Ref
Footballguy
Sadly I’m all cash in my trading account other than CYDY which is small.gruecd said:
have to settle for being up ~36% after pulling out after it was clear corona was going to be “a thing” and trading MGM, CCL and BLMN all the way back up.
Definitely missed being invested today though. Guess I’ll have to live with it somehow.
Th reason it may happen is the 2020 election. Who ya gonna vote for? The side handing out $2000 a month or the side that is saying bailouts are for businesses? I think they both pimp it.
Congrats and well done Ref. Why don’t you ask him how much profit he has put in his clients accounts over the same time.Congrats and well done Ref. Why don’t you ask him how much profit he has put in his clients accounts over the same time.
Capella
Footballguy
Maybe, but isn’t Mitch already talking about how it’s been enough? I guess he’ll stand down if there is enough support.
Jobber
Footballguy
Fidelity gave me a warning about being aggressive or some such when I bought some FUN a few weeks ago. Like they were trying to protect me (which I appreciate).
I'm finally getting the first stimulus check on the 30th. I am now down to just 1 stock in my gambling account. I think we will get a shot to buy lower later.
unckeyherb
Footballguy
yeah after selling off a chunk on Friday for a nice profit I'm down to 1,000 shares, but I'm digging what I'm seeing.
He just buckled on the state & local govt stuff after he took a well deserved beat down for recommending cities declare bankruptcy instead.
Sen Maj Leader McConnell: there probably will be another bill for funding state and local govts - radio interview
Crank up them printing presses. We are next.
sporthenry
Footballguy
Also have the Fed on Thursday. No idea what the market is expecting. I doubt the Fed uses the other $2T but could insinuate it will do more. But could also be a sell-off if the Fed isn't as accommodative as people think.
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I bought in with $2700 of fun money in October. Bought and sold a few times but, ya, it's weird now that it makes up far too much of my Roth as a percentage. But I cannot buy it in my 403b (in which I have a lot of free cash) and I don't want to sell any out of my Roth. I've never been so heavily invested in a such a speculative company. I have 9000 shares now, so over 30K worth. Wife and I agreed to start selling tranches of 500 shares if (when!) it hits $5. I'll tell you, though, for a guy who usually hits a lot of singles, it's nice to hit a homer in the Roth no less, but I am holding my breath.
Oh, they released some positive news today.
fantasycurse42
Footballguy Jr.
Yup, I've got over $20k of CYDY at this point, my first buy was 29 cents
I'm usually a home run or strikeout guy, so I'm used to this. As of now, I owe the US government gargantuan amounts of money for 2020, but I'm shifting my strategy to hit singles for a long time to come... Just much less stress like that.
*** excluding CYDY, that's my home run play ***
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Jefferson the Caregiver
Rebel Without A Pause
Todem
Footballguy
Was 30% when this all got started.....we are 10% now. And this was just my taxable account. My 401K was 100% and I rebalanced it on March 18th (5 days early from the bottom...but whatever) my IRA also 100% invested (all equities).Slapdash said:
My current asset allocation is 90% stocks 10% cash in my money earmarked for retirement.
I had built the necessary cash needed for my new construction home which is closing Around the first two weeks of June back on December 26th 2019.
All good here and feeling the market short term is frothy here. Don’t care though. And we will get some pull back shortly. It simply is not going to keep going in a straight line. Whenever that happens....the rest of that cash will go to work.
Glad a lot of folks in here are making money.
I just want all of us to get back to normal life......and for the love of god.....please give us back live sports.....please!
fantasycurse42
Footballguy Jr.
Powell has turned into the biggest dove ever, he will accommodate as much as his Wall Street overlords command.
Steeler
Footballguy
Don't you mean this: I hate to break the news to you but something is wrong with your phoneI hate to break the news to you but something is wrong with your phone
JerseyToughGuys
Tough Guy
ConstruxBoy
Kate's Daddy
fantasycurse42
Footballguy Jr.
The Ref
Footballguy
Thanks. I didn’t mean that to sound douchey when I made the post either. My point is it is possible to invest in different ways than “buy and hold”.
My retirement trading account gains have significantly offset any losses from both my wife and I main retirement savings accounts. That’s a win in my book.
kevzilla
Footballguy
I sold a quarter of my CYDY position at $3.60, where I had a quadruple. Discipline trumps conviction, so I got my cost basis out of it and now own 3850 shares with a cost basis of zero. I have taken loss out of the equation, and should be more comfortable hodling for the big payday. I hope I can be forgiven for being sensible.
OTOH, sensible is boring, so I bought a little TVIX at the close.
OTOH, sensible is boring, so I bought a little TVIX at the close.
I thought the OP which you responded to was a little bit on the douchy side, although grr is a cool cat. I commend you for your rather measured response. I agree with your point and love reading these success stories.
Zegras11
Footballguy
caustic
Footballguy
Powell is the most visible example of how economics has evolved over the last decade. Economists in general have become so much more dovish on both the monetary & fiscal side.
Thanks. Before CYDY, I was pretty confident that I’d work until I die. I never counted on much of a break in “retirement”. Post-CYDY and assuming profits hold, I could see getting a few months off once I hit 75. Yippee!
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
21 trades today, 12 with cydy. Wasn't the best idea because my available settled cash is going to be thin tomorrow when I'm sitting in the woods turkey hunting. I remember 30 years ago having to call my broker to pay $60-$80 to make a trade. Never would have envision sitting in the woods trading stocks and in better times entering DFS lineups.
Yep, dragged me down a bit, but CYDY overshadowed it. That said, you will never, ever here me complain about Amazon stock.
Today, still up a couple percent even though I just sold some things to build up a bit more cash. CYDY is on a roll. Really starting to think about selling some. I bought some extra below $3, but most of what I bought was at $1 and $1.1. SMH for not buying it at .29!
Challenge Everything
Footballguy
What days and what companies report earnings this week? TIA
Charlie Harper
Footballguy
Bummed I just stopped into this thread a couple weeks ago and missed out on CYDY.
Is it too late at $3?
Is it too late at $3?
Bob Sacamano
Footballguy
Bob Sacamano
Footballguy
No idea other than that
kevzilla
Footballguy
dkp993
Footballguy
This is certainly the sensible (and right approach). I just can‘t bring myself to sell any. I did so a week or 2 back and was free rolling, but it took a big drop the next day so I took the funds and bought more. Ended up with the same initial investment but with more overall stocks now.I sold a quarter of my CYDY position at $3.60, where I had a quadruple. Discipline trumps conviction, so I got my cost basis out of it and now own 3850 shares with a cost basis of zero. I have taken loss out of the equation, and should be more comfortable hodling for the big payday. I hope I can be forgiven for being sensible.
OTOH, sensible is boring, so I bought a little TVIX at the close.
NajehHejan
Footballguy
My wife just ran to Costco to load up on beef, chicken, and pork because allegedly there is going to be a massive meat shortage, as early as next week. Knew nothing about it - that's what happens when 99.99% of your interwebs time is spent on tunnel vision stock/CYDY news or analyzing how bad the Eagles' 2nd round pick was. I just bought some BYND Beyond Meat. Obviously everyone but me knew about this impending meat shortage as BYND gained 40% last week, but it lost 8% today due to a UBS downgrade (they probably have their ear to the ground and are trying to get in cheaper), so I figured a decent place to get in around 100. Hopefully more bad meat news comes before 9:30 AM tomorrow (assuming my wife scored a lot of meat first).
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