It’s definitely a stock where retail/new investors are driving it. I don’t think they drive the whole market but definitely driving some individual stocks.
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Stock Thread (9 Viewers)
- Thread starter St. Louis Bob
- Start date
lakerstan
Footballguy
I work for a financial institution. Mondays are the busiest day of the week. The first of the month is usually the busiest day of the month. When Monday falls on the first of the month, it is like a double whammy, and calls take longer to answer, more stress on systems, etc. - don't know if that is the case for your bank, but FYI.BassNBrew said:
How do you know if you qualify. I’m with Fidelity and I’ve gotten emails from their wealth advisors because I’ve got enough in my accounts to get contacted. Would they offer stuff like that or do you go on the brokerage’s site somewhere and ask to get in on it?
chet
Footballguy
Another CYDY call tomorrow. Hopefully Nader makes this one worthwhile but I'm skeptical.
Same request: anyone dialing in, please ask why Dr. Patterson isn't on the call and emphasize his importance for the credibility of the message they're delivering.
TIA
I will re-post the favor request again tomorrow.
Date: Tuesday, June 2, 2020
Time: 12:30 pm ET / 9:30 am PT
Access:https://www.wallstreetreporter.com/next-superstock-online-investor-conference/
Interested participants are encouraged to login early prior to the start of the event, as the online event has a capacity of 3,000 participants. Please note that there will be no telephone access; this is a webcast only event. The livestream presentation will be archived for 30 days. For anyone unable to attend, a video will be posted on CytoDyn’s website approximately 24 hours after the presentation. The conference sponsor provides corporate visibility services to CytoDyn for a fee.
Same request: anyone dialing in, please ask why Dr. Patterson isn't on the call and emphasize his importance for the credibility of the message they're delivering.
TIA
I will re-post the favor request again tomorrow.
Date: Tuesday, June 2, 2020
Time: 12:30 pm ET / 9:30 am PT
Access:https://www.wallstreetreporter.com/next-superstock-online-investor-conference/
Interested participants are encouraged to login early prior to the start of the event, as the online event has a capacity of 3,000 participants. Please note that there will be no telephone access; this is a webcast only event. The livestream presentation will be archived for 30 days. For anyone unable to attend, a video will be posted on CytoDyn’s website approximately 24 hours after the presentation. The conference sponsor provides corporate visibility services to CytoDyn for a fee.
NajehHejan
Footballguy
Bought some Cloudera today (CLDR). Bought almost at the top at 11.15 so I'm already down 2% - sweet. They report earnings in 2 days. Hoping it's a good tech play in the Coronavirus world. It's just one of those stocks that I think in a few months when it has doubled I'd be thinking "why am I watching this thing skyrocket instead of benefiting from it"? Earnings estimate is they pull a 2 cent profit this quarter (after many quarterly losses). Hoping they blow that out of the water. No other reason to buy other than stonks go up, never down.
caustic
Footballguy
I feel like gambling today so I opened a microscopic position in this one.TripItUp said:
Some reddit folks found an old episode of The Simpsons in which Bart’s basketball team plays a team called “Gnus.” The scoreboard shows Gnus with 9 points, so they’re convinced the stock is going to $9. https://images.app.goo.gl/QpU8jwvhgoVwR24K9
Jefferson the Caregiver
Rebel Without A Pause
Currently feels like nothing can stop the momentum. Anytime there is uncertainty, the market doesn't tend to like it so normally I would expect a negative reaction to the protests/rioting and would have predicted a decline today. Still feel like an overall decline is coming but I've felt that way for over six weeks now so certainly been wrong on the timing at least.
McBokonon
Footballguy
It just gave me the option to participate in my ROTH. In my traditional, where I would prefer it right now, it didn't give me the option so I'm on the phone now and they're correcting it.
Capella
Footballguy
Yea I don’t know what stops the momentum but it’s not going to be some kids breaking into a GameStop and some fires in the street. The market just doesn’t care.
Shula-holic
Footballguy
I picked up some TFC late last week, just a small amount. Doing well in it so far.
Don't Noonan
Footballguy
NERV up 13% to $4.21 today. Has to feel a bit better for the NERV put selling crowd.
-OZ-
Footballguy
No idea what to invest in today with what was left over from May, so I just dumped what I would have invested in play money into my "pay off the mortgage or down payment on lake house in 10-15 years" fund. Which is 70% VTI, 6% each BND, BNDW, GLD, VEA, VPU. This account is only to be spent on the mortgage or down payment on the house if we move when the youngest graduates HS in 13 years.
It's set so every month we contribute the difference between the 15 and 30 year mortgage ($800). occasionally I might dump a little more.
It's set so every month we contribute the difference between the 15 and 30 year mortgage ($800). occasionally I might dump a little more.
Bob Sacamano
Footballguy
Bob Sacamano
Footballguy
At least you're not Cappy.
-OZ-
Footballguy
No ####
4 boys, 1 girl
The first is a senior this year, he might attend community college or trade school. So he's fairly easy. Good kid, not academically oriented. But there's a Toyota plant opening near us soon, maybe he can get in there.
Second is a freshman, 4.0 student, already taking AP classes, smart and hard working. Wants to attend a small Bible college and be a youth minister. That's been a fun conversation to try to talk him out of and into something where he could support a family. And the school he wants to attend costs $40k in tuition (not happening on my dime). Edit - apparently the wife had another conversation today with him, he might go into business administration and treat the church as a hobby / volunteer. Much better. Seriously, kid could be a doctor or lawyer.
Kid 3 is going into 7th grade, wicked smart. Wants to be a programmer or game designer. We'll see how that goes.
Kid 4 is heading into 4th grade, no idea what he wants in life.
Then there's the girl. Starts kindergarten next year. She's a warrior princess.
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BassNBrew
Footballguy
Bob Sacamano
Footballguy
-OZ-
Footballguy
Nope. Wife's been on birth control (IUD) since kid 4. (Daughter is adopted from China)
-OZ-
Footballguy
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BassNBrew
Footballguy
Bob Sacamano
Footballguy
Capella
Footballguy
jvdesigns2002
Footballguy
The biggest obvious challenge is still Covid. The protests have pushed it aside--but its still here and it's still burning through the population. I still believe in the markets long term--as you personally know--I've been touting amazon, big tech, disney long term, @TripItUp (thank you by the way--I'm not sure if I gave you proper props for that recommendation) for draft kings, I dipped my toes into some Winnebago and Thor today--but I'm not all in yet. I'm investing--but investing cautiously. I still have my precious metals which have been really good for me--and my investment properties--which have also been good. I would kinda track the covid numbers--as we basically just had days of mass gatherings with no social distancing and not everybody wearing masks in many of the biggest cities in the country. If the numbers start to spike--that could be concerning.
Also--for me--I think the second biggest worry is the election. People in this country are very emotionally charged and politics is like gasoline to a fire in regards to blowing these emotions up. I want to make clear--that I'm not bearish--I'm bullish long term for our markets--but instead of being "all in"--I'm investing as if I'm cautiously optimistic. We cannot count on the government being able to do anything close to what they just did in the case of another unexpected meltdown or interruption. After what we went through--I think we all just found out how fragile our economy and markets are. I know it's not super fun to be a disciplined investor--but that's kinda where I'm at.
Don Hutson
Footballguy
New interview with Dr Bruce Patterson. It's a pretty good interview despite being on a religious network.
https://kgov.com/bel/20200601
https://kgov.com/bel/20200601
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Bob Sacamano
Footballguy
Pretty sure I've shared this before, but my wife and I were married 9 years before we decided to, uh, pull the goalie.
fwiw: Somewhere around 5 or 6, people quit asking when you're going to have kids. They start to assume you're not.
Anyway, we got married young, so that still meant I was in my 30s when we had ours. But I remember one day after a particularly brutal night, when I hadn't had much sleep and went off to work a zombie, getting home from work, collapsing on the couch, and saying, "####. Now I know why people do this in their 20s. How ####ing stupid are we?"
Very. The answer is very.
Sand
Footballguy
If it makes you feel any better there was a study not too long ago that showed that mutual fund managers outperformed the general market when buying stocks but underperformed the market when selling. I.e. they didn't know when to sell, either. So, you're far from alone here.JoeSteeler said:
Steve Polychronopolous
Footballguy
I can’t wait to learn how you’re affiliated with Doc Patterson. How much longer do we need to wait?
Many thanks for the stock tip! “Chet” is a legend around the house with the wife.
ex-ghost
Footballguy
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sporthenry
Footballguy
We look at indicators completely differently. I personally think RH is the exact lineup of stocks I want to short. HTZ is just one example but they're still buying a bankrupt stock.
https://www.thestreet.com/etffocus/market-intelligence/robinhood-investors-pile-into-hertz-as-stock-approaches-0
Sand
Footballguy
caustic
Footballguy
On their own I don't think the RH numbers mean a whole lot, they definitely invest in a lot of junk over there. But if a stock actually has good reason to be rising, I think surging interest on Robinhood could be a good thing. I might be totally wrong.
hxperson
Footballguy
I can't remember the last time I've looked at a file where the pre-petition equity had any value when the unsecureds traded at cents on the dollar. I vaguely recall some cases of this in Latin America, where creditor protections are not as robust (some of which I unfortunately owned) but don't recall anything in the U.S.
TripItUp
Footballguy
RH has been a great indicator of stock runs...hoping it's the same for GNUS.
GNUS is one of the few stocks on my watchlist that is green afterhours tonight.
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ConstruxBoy
Kate's Daddy
Definitely pumped by RH. It was a $15M market cap company a couple weeks ago. It just raised $30M just based on the huge bump up. This RH phenomenon is interesting. Reminds me of cryptocurrency where there’s been documented shenanigans because there’s no real regulation and early owners could easily manipulate prices. Get a small stock on RH buy radar and you’ve got an instant spike. It’s like watching Boiler Room in real life.
TripItUp
Footballguy
PennState-JD
Footballguy
What is the best way to see where the RH sentiment is? Would like to dig into this and hoping someone can point in the right direction.
TripItUp
Footballguy
Todem
Footballguy
Again when I give that type of sell half after a 100% gain and look for another company. I am heavily focsued on people who have limited funds and are looking to build out a portfolio vs a person with say 500K or more and investing long term in a basket of stocks.stbugs said:
I sold half my APPL after the first 100%......the other half has tripled since then. I did not miss out. What did I do with the half I sold? Bought several more positions which have all doubled easily since then as well.
Again it is not for everyone. It is more for the people simply starting out with 10, 25, 50 even 100K. And it is also a risk mitigating strategy as you can become wealthy being concentrated.....but more often than not you will not stay wealthy being concentrated.
A stock I bought back in 1994.....MO (Altria) I sold half after the first 100%.....then got the PM spin off....been reinvesting the dividends.....I am up 700% in that stock since my first buy (with selling half after the first 100%). I held it long term. Again......I was building my portfolio way back then.
Even now with a fully mature portfolio built for growth (not current income that is a different animal and approach) I will still take profits when I feel a stock is getting way too frothy and I see fundamental factors that warrant trimming, taking half off the table or an outright full sale. I am an active portfolio manager and I also am in tune to my clients tax sensitivity and discuss tax consequence if it is large and also a harvest “reset” the cost basis strategy as well. There are a lot of factors that go into buying and selling. So I am typically very apprehensive to give broad stroked advice to anyone. Each person has a different story, need and situation.
Meantime.....Riots, looting, destruction around the country? Who cares.
STONKS GO UP!
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ghostguy123
Footballguy
Pandemic, unemployment, police brutality, nationwide riots being fueled by organized groups who drop off pallets of projectiles, president tweets like a drunk townie (is that how you spell that?)...........
Stonks go up. I was hoping today would be a buying opportunity. I guess not yet. Or maybe every day is a buying opportunity.
Stonks go up. I was hoping today would be a buying opportunity. I guess not yet. Or maybe every day is a buying opportunity.
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McBokonon
Footballguy
I think the fact that their corruption is so out in the open it can be harder to see.
Steeler
Footballguy
I'm grateful for this advice, so thanks.
I have most of my retirement funds in 401K and IRA from previous jobs so those are all in Mutual Funds which isn't going to change. However, I'm using a portion of my Roth money to purchase individual stocks and build a portfolio within that account in the way you described. Thanks again!
beef
Footballguy
I have one too! One minute she's wearing an Elsa dress, then next she's in her skivvies karate chopping her big sister. Maybe we could get them to team-up and form a new Avengers group.
Don Hutson
Footballguy
