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I wasn't the one quoted ... but my plan at this point is to ride it out, have the stocks put to me, and then sell covered calls like a sombiznatch till I come out on top.
I’ve only got 4 stocks that I’ve got less than $5k in for that reason. One is LK (own 100 shares) so we can ignore that. The other 3, honestly were during the bottom in March and I should have followed my normal practice of $5-10k because they are up a ton (over 100% combined). I think I was worried there was still more downside potential so I split up 1 normal buy into 3.
I’m sure it varies by person, but I want to invest X amount into a new position based on my overall portfolio. I try to stay basically balanced but I’m just going to have more of some than others. But let’s say I want a new position to be 10k. If I like the stock but am concerned about momentum, I might just throw in 2k first and see what happens. I just don’t buy the whole position at once. Then I add if it goes whatever percentage either way it goes, which varies by stock. Like SE I’m fully prepared for it to drop into the 60’s because it’s been so hot, but I started small in case I’m wrong so I at least had some. I have general rules but parameters vary by the stock itselfghostguy123 said:
I was told there would be no math.pecorino said:
You guys are misled. This interview was from last year. The interview was done by Biotech Trader and they acknowledged that it is old. Explains why no mention of Covid. Not sure why it was dated as of this May.
He's definitely towards the top of inept CEO's. Thanks to @chet I got into some cydy when it was really cheap and I unloaded some along the way to where I'm basically playing with the house's money at this point. Keep in mind-- I kept my investment in it really small--so it's not like my opinion really matters relative to the rest of you guys that are heavily invested in it. With that said--I want to get back in and own more CYDY but NP's ineptitude is what is keeping me out. For reasons that fantasycurse and chet know--I'm not a believer in Remdesivir medically against covid. Perhaps it might help slightly in some cases--but it has some really bad side effects--and without going into detail--I think there are behind the scenes reasons why our government was quick to endorse it. Even with that endorsement--I think it's clear that we are thirsty for other therapeutics and vaccine candidates --and Leronlimab has shown some fantastic potential. To me--in the world that our government seems to be throwing money and opportunity to any decent pharma company with a potential vaccine/therapeutic--I find it insane that leronlimab isn't getting far more exposure than it is now and thats a direct indictment on NP.
pecorino said:
$5.48 for me
If you can get out without a loss... or just a small loss, I'm not going to argue that strategy.... but hear me out ...pecorino said:
I had a response typed out 40 days ago, but when I went to post, it was delayed due to suspension. Yep, 40 days for posting the comparison between life and economy. Like Moses, I've returned from the desert (or my garden) after wandering for 40 days and 40 nights.
R. Not everyone has the same investment strategy or need. 
My approach is different from most here. I don't mind tracking 30 stocks as they are all in one place and it takes 15 seconds to scan fidelity's page to "track" them. With Amazon , Google, CYDY, and cash taking up 50% of my portfolio, the positions in the the other 27 stocks are small. Lately I've been investing in a sector that seems like a value. For instance I have MRO, XOM, WTI, PEO, and Chevron. If one moves up more than then rest in a day for some reason, I'll sell some shares and move it into one of the others. If one is down 5% and the others aren't, I'll deploy some cash and acquire some.ghostguy123 said:
I have no idea what we were even talking about but 4% YTD isn’t a great result. My three biggest accounts are up 22% (my largest cash position), 32% and 29% YTD and that’s with riding things out and in some cases buying more. Sure, someone who timed it perfectly would have gained more but to be up almost 30% YTD with that gigantic drop in the middle is a great result and that’s a lot of gains to miss.I had a response typed out 40 days ago, but when I went to post, it was delayed due to suspension. Yep, 40 days for posting the comparison between life and economy. Like Moses, I've returned from the desert (or my garden) after wandering for 40 days and 40 nights.
My response was that you haven't been reading my comments. I'm retired. I can live comfortably the rest of my life on a 4% return. Which means that my goal is to preserve what I have, not hit home runs. I posted early on that I moved to cash at the end of January. The goal was/is to DCA back in very slowly. I don't care if the market goes up or down. I care about the bottom line. Other posters have said the same thing in the last 40 days. Even @Todem was thinking we could retest March lows. I didn't see anyone questioning his motives. It took very little risk to achieve 4% YTD.
TL
Yeah, that’s my main worry. Seems like the actual results are pretty obvious but leadership sure isn’t taking advantage of it. I’ve got enough that I could sell it all at $3 and be extremely happy although short term taxes would suck.
He is a retiree. He only needs 4% gains. In reality, he doesn't need any gains. He is set. He doesn't want the risk that comes with swinging for the fences. April and May have been amazing for those invested in the market. But April and May could have just as easily gone down instead of up. People in the stock market right now have recency bias. It feels easy to get 5% gains in one day instead of 1 year. The next few months will likely bring people back down to earth.
It's always cool to hear how others approach it, especially others with knowledge and experience. I have neither of those things. As I mentioned before I have been investing for 16 years but never once bought an individual stock until recently.
I get it. That said I don’t even really remember what he’s referring to outside of looking at my post and him saying he got suspended. I understand he may be fine with those gains, but he sure seems to be gloating as if he assumed someone who stuck it out like me i way worse. I’m not that far from retirement and I’d be kicking myself if I pulled out early enough and then didn’t put money back in during the March drop. I held on and added from cash and I’ve earned 7 years of 4% gains YTD. Even if the market did retest March’s lows a person who got out before the drop would have blown me away if they shoved back in at that point. It’s just a guess, but I’d be shocked if I didn’t have close to a 100% gain overall on everything I bought in March.
Seems he definitely got lucky but now he knows why the premiums were so rich. The only thing thing he missed out on what opportunity cost. In the time he’s been holding all those puts, the market’s up between 5-10%. I think he’s got some decent logic but it also showed how dangerous it really can be. The only winners were the guy who got out early and the guy who accidentally did the opposite!
You’re right it probably isn’t. I just replied that to someone posting out of the blue and gloating. I’ve had a great year even with the drop.
Watching the protesting/vandalism unfold on tv, can’t help but think Monday won’t be pretty. But...stonks go up
Chaos and social unrest in the countries largest cities isn’t good for the economy. Sprinkle some CV19 in with a market trading at huge premiums and the risk is real.
Hmmm. Markets being at a premium are one thing. Some stores getting looted won’t move the needle at all. Imo. We’ll see I guess.
Gundlach is a talking head? He's one of the largest bond managers in the world and was a star at TCW before Doubleline.
He manages a portfolio of $150B, so what I meant when I use that phrase, it is more so meaning someone talking their book in this kind of circumstance.
Ok I see what you mean. Bill Gross was the king of talking his book but I felt that he was a lot more blatant at it.
The social unrest and the growing divide between the haves and have nots might not effect the markets on Monday or even the short term in general. However--it is a huge concern moving forward--as this country is ready to explode. Wait 2 weeks and see what happens with the covid numbers in some of these major cities. If it spreads among police and first responders--that changes everything. With all of that said--I know this is a stock thread--but god bless us all. Some of these protests are in the streets where we have offices and our friends have businesses. It's hitting close to home for me.
Is that just a contrarian opinion? I don't know what to expect day to day. Every time the market has a good day, I still expect the next day to give it back, but outside of a few rough days, that hasn't happened since the meltdown in the 2nd part of March.
Seriously, though, I don’t think you should mess with options unless you’ve really spent time studying stocks and managed your own investments for a bit, and have some strategy behind it. I’m sort of conservative but not completely, so I use options. But for me, it’s generally involving stocks I want to own anyway, so I’m just trying to generate some extra cash.cubd8 said:
Gunlach is very good at the bond markets but does like to grab attention/headlines. He's an eccentric guy, which is why TCW fired himhxperson said:
Market is going to tank Monday morning and then go right back up.
