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Up 17% here with nothing more than 5% of the portfolio weighting (excluding the Amazon and Google), but doing my best to screw it up. Should just call it a win and dump it all in Amazon, but idiot me thinks I can keep the run going.Sweet Jesus, MGM up another 6% after hours - doubling my position when it fell to $13 last week has paid off quickly.
Between MGM and DFS I’ve rocketed past my pre-crash levels.
Congrats. When the market moves like this, the build the portfolio with solid pick guys thrive and the traders die.
If I had pushed in all my cash when I bought a bunch, I’d probably be up 20% or so from the top. I think I’m up 5% or so. Amazon is by far my biggest holding and that’s propped it up. ZM and CYDY helped a lot as well. Some stocks still well below the top but other new ones (long term holds still) were at ridiculous levels. I guess I got a bit worried their could be more of a drop but honestly they were bargains so I should have been smarter. Lesson learned and I’m relatively new to individual stocks, Amazon for 3 years and the rest the last year plus. I worked for a company for 10+ years and it got bought 2 years ago so about a year and a half ago that 401k got shut down and I put it in an IRA. It’s been fun and I’m amazed at how many 100%+ returns I have. Here’s to hoping it continues for the next 10 years.Sweet Jesus, MGM up another 6% after hours - doubling my position when it fell to $13 last week has paid off quickly.
Between MGM and DFS I’ve rocketed past my pre-crash levels.
On a stock like BLMN (which, btw good call, a lot of us made some $ on that), I remember you sold shortly after making a 50+% profit and thought it would revisit the previous levels around $6 for a re-buy opportunity. With the pop the last couple days, do you still think that will happen? Do you think the restaurant sector would likely get hit hard if we would have another leg down?
https://citronresearch.com/wp-content/uploads/2020/04/Inovio-Pharmaceuticals-Bad-Blood.pdf@Capella, you still holding any Inovio (INO)? Looked in on it today, closed at $13.74
Well damn, price has held up from when I got out at just under $6
ETA: My cost basis was just over $3
Nooooo I sold around 12. Did well on it. Think my cost basis was 5 something.@Capella, you still holding any Inovio (INO)? Looked in on it today, closed at $13.74
Well damn
ETA: My cost basis was just over $3
Hadn't seen that, TBH
Niiiiiice https://www.youtube.com/watch?v=zYt0WbDjJ4ENooooo I sold around 12. Did well on it. Think my cost basis was 5 something.
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Seems like there have been hit pieces like that on CYDY..... is that legit or more of that?
Thanks again, @sporthenry
My co-worker swears by his "green" weedkiller formula: 1 gal vinegar, 1/2 cup of salt, 1 Tbs laundry detergent. Have not tried it yet.
Yeah I went heavy about 3 weeks ago. It’s up .32 after hours too. Thinking about selling everything tomorrow , up 60% in retirement account.
Dang, +.60 now. Some news I miss? My longs are doing better than my short term plays these past couple of weeks.
You can't use regular vinegar. You need 30% vinegar. You can order it online from HD. It works REALLY good on some weeds. Less good on others
I've got a pile of cash and will be buying... my house.
I still wish I bought some when I decided to buy ZM, they were both sitting there in the 60s late last year.
I don’t think housing is crashing. Correction? Yes. And depending on regions, and prices points. Your not seeing a crash in housing like 2007-2009. Not the same. And housing is not inflated at all. It has moved up with the rate of normal inflation the last 10 years.
Agreed. BLMN has mountains of debt. I expect when the market has another sell off (it will folks.....it just will) BLMN will sell off hard. Will it get down to $6.25-6.50 again? Probably not. But it can easily get down to the low 8’s..maybe even the high 7’s again. same with other restaurants, airlines and cruise stocks.
Why do you foresee a sell-off? We are (insanely) opening things back up again slowly, people aren’t going to do another shutdown (foolishly) - I just see a lot of misplaced optimism right now but optimism is optimism.
No need to keep score on how you're doing vs the rest of us dude. Seriously, it's ok.
Hopefully some people who are actually knowledgeable about this stuff can chime in, but in the meantime, here’s my take. If you’re intent on buying in, I’d only open a partial position right now and build on it later with the hopes of bringing that cost basis down. Long term, its current price still looks like a perfectly fine entry point; P/E ratio is about 6 and it’s trading at ~50% of its 52w high. Short term, as others have noted, red-hot stocks like DFS could fall hardest in the event of a selloff — so there’s a chance you could get it cheaper later on. However, most of us have absolutely no business predicting the time/magnitude of the next pullback. As evidenced by the last month, you could miss out on a lot of gains by trying to wait for the next dip.
I think it's because the warm fuzzies we feel are overshooting. Stock prices are basically down 10% and stocks went down at first because everything signaled them being overvalued by 10-15%. It's as if there was no unemployment issue or any economic impacts. I understand that the stock market is forward looking but part of that is also building in risk and the risk seems to have been priced out. It feels like January and the first few weeks in February when it seemed like every earnings report would find the one piece of good news and ignore the rest. Same with right now. Here are some excerpts:
Your bolded part and the market cap are making my point for me.
Keeping score on how I'm doing. Perfectly fine if all of you kick my ### as along as my ### isn't losing ground to the SP500. Love hearing about people winning in this thread and lining up yachts and retirement homes. Love hearing about the new guys just getting started kicking tail and getting excited about investing.
I always chuckle when I see numbers like this, considering there are only a few houses a year in my town priced at this low a level, and they are dumps or fixer-uppers.
Got it. I was going off the question of why a sell off. I think we all see the disconnect, so the question isn't why a sell off, it's when.
I suppose it doesn't necessarily have to sell off again. By the time 2Q results come out at the end of July/early August, things will likely be reopened. Most investors will probably be on the beach and not care. They'll look through 2Q results since we're open. Then the virus comes back around in the fall but the market cares less since we now have a vaccine in sight.
You are in CA.
i read the article and I don’t buy that “gambling” or lack of gambling options is playing much of a factor in the market at all. Governments basically just exposed to the entire world how they can arbitrarily print currency like it is Monopoly money. With that said—I do worry that the markets are doing what they were doing before. They were ignoring risk and were priced for perfection. The problem is that our economic environment is very risky and far from perfect—which could lead to some turbulence in the short to medium term.
My concern is when the infection and death rates kick back up. Not that we're necessarily shutting down but fear moves markets.
Markets are so different. Here I bought a place about that size for 85/sqft. 2/3 acre, middle of very nice close in burb, school system top 2% nationally.
Was all over GMA this morning. But Fauci and the guy who ran the study keep sprinkling in the disclaimer that these are preliminary results. Yet, everyone is gong crazy like we have found the cure. Crazy.
