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Stock Thread (24 Viewers)

BassNBrew said:
Personally I'm not a fan because it's expensive, but they do have some of the best quality ingredients around if you're not a fan of chemicals and antibiotics.  Why do you say it's terrible.
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I generally agree with you. My issue is that they are so inconsistent from store to store. There are about 5 different ones I've gone to in my area the last couple of years. 3 of them are pretty poorly run (dirtier, slower, out of food earlier in the day), one is decent and only one is really good and well run. And that is one that I never go to anymore since I switched jobs (in Ft Mill). So just not worth it. Kids love it though, so I still get dragged there on occasion. 

 
ConstruxBoy said:
I generally agree with you. My issue is that they are so inconsistent from store to store. There are about 5 different ones I've gone to in my area the last couple of years. 3 of them are pretty poorly run (dirtier, slower, out of food earlier in the day), one is decent and only one is really good and well run. And that is one that I never go to anymore since I switched jobs (in Ft Mill). So just not worth it. Kids love it though, so I still get dragged there on occasion. 
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I haven't been in ages since the kids got out of soccer.  I haven't noticed if they are doing to go.

 
You ask how to make money in the market?

Fade CNBC.

Published before HD and LOW released earnings.

Home Depot shares are under pressure Tuesday after the company posted a drop in earnings tied to coronavirus-related expenses.

But, even with that decline, Home Depot is still leading against major competitor Lowe’s. Home Depot stock remains up 9% for the year, while Lowe’s has fallen 3%.

That trend of outperformance should continue, according to Nancy Tengler, chief investment officer at Laffer Tengler Investments.

“We own both but we own a lot more of Home Depot and the reason is twofold. First of all, they’re best in class, they have the best locations, candidly the best management team, and they’ve been growing the dividend in the 20% range every year for the last five years,” Tengler said Monday on CNBC’s “Trading Nation.” “The free cash flow is healthy, well above dividend, and the online sales have been compelling at 20% or so.”

Home Depot’s dividend yields 2.5%, above the S&P 500′s roughly 2% yield.

While Home Depot has outperformed Lowe’s this year, it has had a slightly weaker run this quarter – it has risen 29% compared with a 37% gain for Lowe’s. Ari Wald, head of technical analysis at Oppenheimer, said it should regain its lead.

“We do prefer Home Depot stock. It not only has a stronger long-term trend, but we see it as the more tactical idea here,” Wald said in the same segment. “If you plot a ratio of the two stocks against each other, Home Depot has actually underperformed since mid-March, and is coming into support at its 200-day moving average, suggesting we’re approaching a likely turning point in the ratio.”

The stock is also back to all-time highs, said Wald, and should continue to move higher.  

Home Depot is “currently trying to break out above its February peak of $247 so I think that’s very telling when you have a stock already getting close to new cycle highs with the rest of the market so well below those peaks. That’s really a great display of the relative strength in that stock,” said Wald.

Home Depot hit an all-time high on Monday, surpassing its February peak. It is now 3% below that record.
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Don Hutson said:
A theory floating around message boards is that Luckin stock will jump at the open because shorts need to buy shares to close out.  There aren't many articles written about LK from legit sources.  At least not any articles with advice.  Hopefully, writers are still working on their articles and will publish soon.  Does anyone know of another company that went through something similar in the past?
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Enron?

 
Charlie Harper said:
You guys buying the dips and selling for 15-20% profit? Are these largely in ROTH IRA? Otherwise, doesn't the capital gains just eat at everything or does tax harvesting offset in other accounts?

Also, I made a ROTH 2019 phased out contribution and for 2020 I may make over the limit. Does this mean I need to start a Traditional ROTH and backdoor if I want to keep gambling on stonks?
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You can trade in any brokerage account.  If it were me, I would not be making wild moves with any retirement account, but I am all for gambling with a small portion of a Roth IRA to swing for the fences.  I know a lot of people in here are making some money here doing various things, but in all honesty, you should hold yourself accountable for what you are doing as it's your money.  If you want to gamble with the stocks, setup a small brokerage account and go for it.  But, yes, there are taxes that no one in this thread seem to take into account, so a 15% short term gain more than likely will be a 8-10% short term gain net.

Part 2 will require a backdoor Roth, correct.

And honestly I do hope that no one is gambling with their retirement money.  I do like watching people making money.  But no one at all is taking into account risk (nor the "t" word) and this is a mistake, imho.

 
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Charlie Harper said:
You guys buying the dips and selling for 15-20% profit? Are these largely in ROTH IRA? Otherwise, doesn't the capital gains just eat at everything or does tax harvesting offset in other accounts?

Also, I made a ROTH 2019 phased out contribution and for 2020 I may make over the limit. Does this mean I need to start a Traditional ROTH and backdoor if I want to keep gambling on stonks?
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Roth IRA for me. I have about 80-90% in index funds and have just started using the remainder to get into individual stocks. Just a novice when it comes to individual stocks but feel like I have learned a lot from this thread and a little from my own research already. Also have a brokerage account for stocks I want to hold long term.

 
guru_007 said:
this is just completely and all kinds of wrong.
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401(k) Tax Advantage

Because you can buy and sell stocks whenever you want in a 401(k), you can use a day-trading strategy. Day trading in a 401(k) has a potential tax benefit over day trading in a regular brokerage account. When you sell a stock for a gain in a brokerage account, you owe tax on your gain right away. When you make a gain in your 401(k), you don't owe taxes on the gain as long as the money stays in your account. This means you can earn a higher after-tax return in the 401(k).
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Obviously I'll pay income taxes if I make it to retirement age.  If I die first, I'll never pay a dime in tax and the heirs get to deal with several options.

 
ghostguy123 said:
What would be the point of opening up trading if they just plan to delist it?
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CYDY isn’t listed but it’s doing fine. It’s like being sent to the minors. Not a huge deal but a blow to the ego and some (many) folks will sell. LK could still come back to the big show if it can eliminate the yips. (Been binging Brockmire)

 
pecorino said:
CYDY isn’t listed but it’s doing fine. It’s like being sent to the minors. Not a huge deal but a blow to the ego and some (many) folks will sell. LK could still come back to the big show if it can eliminate the yips. (Been binging Brockmire)
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So the previously articles posted contained erroneous information?

 
Regarding taxes in a brokerage account, if a company goes bankrupt or is delisted or whatever and you cant actually sell, are you still able to write off the losses?

 
Charlie Harper said:
You guys buying the dips and selling for 15-20% profit? Are these largely in ROTH IRA? Otherwise, doesn't the capital gains just eat at everything or does tax harvesting offset in other accounts?

Also, I made a ROTH 2019 phased out contribution and for 2020 I may make over the limit. Does this mean I need to start a Traditional ROTH and backdoor if I want to keep gambling on stonks?
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I can't imagine NOT trading in a tax advantaged account.

 
Random said:
I can't imagine NOT trading in a tax advantaged account.
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And here I am trading and just regular old TD Ameritrade account.  I'm more of a set it and forget it type of trader with my retirement accounts. I'm using my brokerage account to play around with and follow people on this board. I've done more trading this year then ever I guess I will find out next April how it's going to effect me. 

I'm guessing this isn't the smartest way for me to do it? 

 
Wooderson said:
And here I am trading and just regular old TD Ameritrade account.  I'm more of a set it and forget it type of trader with my retirement accounts. I'm using my brokerage account to play around with and follow people on this board. I've done more trading this year then ever I guess I will find out next April how it's going to effect me. 

I'm guessing this isn't the smartest way for me to do it? 
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Are you maxing out every tax advantaged account you have access to (Roth IRA, Traditional IRA, 401K, 403b, HSA, 529)?

 
I do short term trades in both a Roth and Brokerage.   I use my Brokerage account a lot for day trading and am fine paying the taxes.  It's my "part-time" job to pay for the toys I want now.  

 
cosjobs said:
I got Kohls on the dip. I like it short and long term.
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How low did you get in?  I bought a whooping one share just so I could easily track it.  Wish I had pulled the trigger on 100..  I think we'll get another opportunity.

I just don't know what to think about them.  The stores are huge and there's a ton of inventory.  They never seem really busy outside of December.  That said, they are likely getting a 5-10x markup on most of the clothes.

 
BassNBrew said:
How low did you get in?  I bought a whooping one share just so I could easily track it.  Wish I had pulled the trigger on 100..  I think we'll get another opportunity.

I just don't know what to think about them.  The stores are huge and there's a ton of inventory.  They never seem really busy outside of December.  That said, they are likely getting a 5-10x markup on most of the clothes.
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With the demise of JC Penney, Sears and proabably Macy's soon, where else can a guy/gal pick up some shirts, shorts and pants? I mean you could order from Amazon but risk a bad fit, odd smell, etc. I think the vast majority of people still would rather shop for clothing in person. I think Kohl's will do very well. 

 
Eff it, it's not real money so what do I care, 100 shares of LK @ $2.75 

Now,  :scared:

ETA: Also, now, watch it like a hawk

 
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BassNBrew said:
How low did you get in?  I bought a whooping one share just so I could easily track it.  Wish I had pulled the trigger on 100..  I think we'll get another opportunity.

I just don't know what to think about them.  The stores are huge and there's a ton of inventory.  They never seem really busy outside of December.  That said, they are likely getting a 5-10x markup on most of the clothes.
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17.04

 
cosjobs said:
Also took a position in NNDM at 2.70. The volume is freaking crazy
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I got this pre-market and its already been halted once today for volatility. Now trading at 4.13. Wish I'd bought more than 3000 shares and wish it was in my ROth. But still pretty happy.

 
Just bought back a portion of the LOW I sold pre-market for $5 less.  Unfortunately I'll have to sit on it for a day.

 
cosjobs said:
I got this pre-market and its already been halted once today for volatility. Now trading at 4.13. Wish I'd bought more than 3000 shares and wish it was in my ROth. But still pretty happy.
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paused again

49mm volume in 28 minutes and halted 10 of those

 
pecorino said:
I'll go out on a limb and say that LK opens and trades in the morning at about a 50% discount (maybe $2 per share) as many folks run for the hills and take what they can get. But it could easily rebound after those folks with less conviction get gone. I'll say down 50% early and then it recovers at least 50% back to end the day in the mid 3s. I'm holding. Got nothing better to do for entertainment than to watch my money disappear and reappear. Doubt I would buy more, though but who knows.  Maybe a couple hundred more shares if it goes sub 2. Complete guesswork on my part. Invest at your own risk.
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I'm not usually one to quote myself but when the blind squirrel gets the nut, he wants to show it off a little bit.

 
beef said:
I do short term trades in both a Roth and Brokerage.   I use my Brokerage account a lot for day trading and am fine paying the taxes.  It's my "part-time" job to pay for the toys I want now.  
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Same here. Roth is the prefered account to do this short term stuff in, but it has limited capacity. Seem to be making better trades in the brokerage which isn't great for taxes, but it beats the brakes off of savings yields.

 
Nano Dimension Ltd. ADR (NNDM) Paused due to volatility

DJ REALTIME NEWS – 9:50 AM ET 05/20/2020

Nano Dimension Ltd. ADR (NNDM) Resumed Trading

DJ REALTIME NEWS – 9:50 AM ET 05/20/2020

Nano Dimension Ltd. ADR (NNDM) Paused due to volatility

DJ REALTIME NEWS – 9:45 AM ET 05/20/2020

Nano Dimension Ltd. ADR (NNDM) Resumed Trading

DJ REALTIME NEWS – 9:43 AM ET 05/20/2020

Nano Dimension Ltd. ADR (NNDM) Paused due to volatility

DJ REALTIME NEWS – 9:38 AM ET 05/20/2020

Nano Dimension Ltd. ADR (NNDM) Resumed Trading

DJ REALTIME NEWS – 9:36 AM ET 05/20/2020

Nano Dimension Ltd. ADR (NNDM) Paused due to volatility

DJ REALTIME NEWS – 9:31 AM ET 05/20/2020

 
CYDY dropped to $3.08.  Yesterday it dropped to $3.14 15 times but didn't hit $3.13 once.  I guess whoever was controlling the price yesterday isn't any longer.

 
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