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Stock Thread (20 Viewers)
- Thread starter St. Louis Bob
- Start date
Or a day to ride the wave. I’m not feeling good about all of this but I can’t get myself to pull a trigger. I did a couple times during the rally and both times I really regret it. I don’t regret any of the buys I made.
Oh, and for those looking for some downfalls, Quibi is that streaming service we got peppered with ads for not that long ago. Got some big names attached and raised $2B and it seems as though it’s a sinking ship:
https://finance.yahoo.com/video/quibi-daily-downloads-plummet-20k-203839233.html
See, people are losing money investing aside from the latecomers to the random Chinese failed companies, delistings and bankruptcies.
https://finance.yahoo.com/video/quibi-daily-downloads-plummet-20k-203839233.html
See, people are losing money investing aside from the latecomers to the random Chinese failed companies, delistings and bankruptcies.
Todem
Footballguy
That will be a fantastic chance to buy low if it indeed tanks harder than it should.
In fact I contend it should not tank much. But people will overreact as usual and it will be a nice shot to buy more on nothing but emotional responses to again....short term political noise.
I remember when Obama was re-elected and I was scooping up NSC and CSX, two stocks I have owned for over 12 years at bargain basement prices....because everyone read into the keystone pipeline not happening under Obama and thought railroads would tank. Both companies before this Covid-19 whoosh down were up 190% plus from then and not including the dividends collected!
Anyway.....be ready to pounce on great stocks if Biden wins. Another news event to take advantage of long term.
I see nothing wrong with being 70/30 stocks to cash in this market environment (I am typically 100% equities for those wondering). We will have those types of 6-7% down days like we saw last week. No question. It is a purely news sensitive, headline driven market right now. Hence why we have been able to trade our favorite Onion (BLMN) and The Lion (MGM) half a dozen times already LOL!!!
Stonks set to fly up this morning!!!
Let’s get to work boys.
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McBokonon
Footballguy
Stock market is not the economy.
Not sure why you think a Biden victory will have the market tanking as he's already the prohibitive favorite. Either way, whenever a Republican or a Democrat is elected President, there is always a knee jerk reaction to certain sectors. Be it healthcare, defense, infrastructure, etc.... Defense sector is already lagging due to a perceived Democrat victory. Markets are much more forward looking, thus the reason they are going up on pretty much air.
Unemployment is still a massive driving force as this economy is consumer driven. When the unemployment stimulus ends, I think we're going to see issues. 68% of the unemployed are currently making more NOW then they did when they were employed. Even IF the unemployed find jobs, there are going to be significant cuts in pay, which will lead to less spending.
Fully agree that the only way we get back on track is a vaccine and if that is announced in the 4 quarter of this year, that would be huge. The two keys to the market continuing to surge is the fact there is like $4 trillion in cash on the sidelines and the fact there is really no better place to invest.
That said the economy is really on shaky ground, imho. And if a vaccine comes along and gets jobs back in full effect, there is still going to be a massive price to pay for all of this stimulus that was put out.
I wholeheartedly agree with this stance. I feel as though the “dead zone“ between March and June in which consumer spending was way down, unemployment was way up, everyone was just sort of hunkered, will have a ripple effect and a lasting affect on the economy but the markets are not seeing it. Add to that a likely resurgence of the virus, add to that the massive deficits being run up by probably what will end up being two stimulus bills, and then layer a healthy dose of social unrest on top of all of that. I’m decently invested, and I do a little bit of trading, but I feel the undercurrent like guru says and intend to leave a lot of cash on the sidelines as well.
Getting prepared to unloaded some Bloomin for a 20% gain.
@stbugs @-OZ- Forgot which of you is the MFA trader. I loaded up at $2.24 and is poised to open around $3.05. It had recently been as high as $3.4. Is the play here to sell half at the open and hold the rest? 10% trailing stop after the open instead?
@stbugs @-OZ- Forgot which of you is the MFA trader. I loaded up at $2.24 and is poised to open around $3.05. It had recently been as high as $3.4. Is the play here to sell half at the open and hold the rest? 10% trailing stop after the open instead?
steelerfan1
Footballguy
I'm still new to this stuff, but our planner had us in some JNJ and this has been a relative turd for us as far as I can see. I got rid of half of it at 150 and I think I'm gonna bail on a quarter more if it can hit 147 this week.
Am I missing something here? Looks like it would be much better to just throw it in VTI. Thanks for any insight.
I'm at 10% cash and at least want to be at 20% if not 30% at the end of the day. The later will be hard as I really like the stocks I have. Likely will dump all of my FAS and add some BCQ.
Sand
Footballguy
beef
Footballguy
I just added a small position in TZA. The FAS price wasn't adding up the last time I checked. It should have been up more based on the stocks I'm following.
McBokonon
Footballguy
Depends on your goal. I just brought up JNJ and the others from the top of my head in the context of defensive stocks with good dividends.
Welp, lagging the market a bit today. Not surprising since the past few days been up a nice amount over it. ZM and others taking a bit of a breather. OPES and FMCI have kept going though so that’ll be interesting. I don’t think they’ll go up much more until we get closer to the changeovers.
sporthenry
Footballguy
Adam Mancini 1h
My 3120 target hit in $SPX after a solid 150 point rally on recapture of 2970. The recent selloff was so far just a routine technical back-test of the May breakout. For today: Bears have a shot at a cool-off here, but if it isn't sharp and loses the 200dma, then 3190 next up
Well we clearly seemed to have rebounded away from any dangerous technical levels. Will likely stick to the original plan of keeping shorts on through opex but seems to have regained some bullish control or at least avoided a complete meltdown.
My 3120 target hit in $SPX after a solid 150 point rally on recapture of 2970. The recent selloff was so far just a routine technical back-test of the May breakout. For today: Bears have a shot at a cool-off here, but if it isn't sharp and loses the 200dma, then 3190 next up
Well we clearly seemed to have rebounded away from any dangerous technical levels. Will likely stick to the original plan of keeping shorts on through opex but seems to have regained some bullish control or at least avoided a complete meltdown.
ghostguy123
Footballguy
Still want to bang my head on the wall for not buying a lot early yesterday morning.
End of rant
Edit.....BLMN beginning its daily yoyo
End of rant
Edit.....BLMN beginning its daily yoyo
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-OZ-
Footballguy
I'm in it. But honestly will be looking to sell another 25-50% over 3. It's back to $2.91 now.
It's not a long term hold for me.
beef
Footballguy
I hear you on FAS. It's like 75% Russell 1000 Financial index swaps. Of the 250+ companies it holds, the ones I follow make up such a tiny portion. Especially DFS which is only 0.063%.
Don't Noonan
Footballguy
Royalty Pharma IPO this morning. Symbol RPRX. Seems like someone in here talked about it last week. Another biotech company (largest buyer of biopharmaceutical royalties and a leading funder) but these have done very well lately. Priced at $28 at top end of range which was $25-$28.
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McBokonon
Footballguy
Yeah, that was me. Signed up through TD but don't expect to get any.Pays a dividend right off the bat, cash cow.
Does it really matter what your portfolio is doing on a day to day basis if you're not actively trading and trying to improve positions? If everything is staying constant, the 1+3 or 3+1 both equal 4. You've definitely been eating more than your fair share of cake with your stock picks, serving sizes just varying on a daily basis.
Anyway, can you convince me that Dexcom after a 2.5x run up and a 248 PE ratio is a good stock to acquire here. My son uses the product so I'm familiar with the product. I'm concerned what a D victory in the Senate means to the healthcare stocks from a perception standpoint.
Nugget
Footballguy
sporthenry
Footballguy
Congress completely missing the point with Powell. In some ways it's good since if it was politicized further, it'd be even more dangerous.
"I'm not concerned about the balance sheet and the plans I see for it going forward at this point," Chair Powell says, saying it does not pose risks to either inflation or financial stability.
"I'm not concerned about the balance sheet and the plans I see for it going forward at this point," Chair Powell says, saying it does not pose risks to either inflation or financial stability.
Oh, I know, just sharing, more about those two spacs or whatever they are called. Haven’t made a change or purchase since last week since I’m not an active trader.
DXCM wasn’t expecting a double up so quick so probably won’t go up much for a bit. It was in a service I have as a recommendation and it seems to be a solid long term play. I’ve got $4k in it, only got 10 shares, so it’s not one of my core holdings. I’m big into tech and healthcare as I think that’s where you’ll see the really high flyers the next 5-10 years. DXCM fits in that. LVGO might be another you would be interested in that works with DXCM and has a lot more runway even though it’s tripled since March. I should have bought it in March down about 50% from IPO last year, but I finally did last week for 100 shares. I’d bet on LVGO doing better over the next 5-10 years than DXCM. If it drops due to another correction, I’ll add more. Not sure I have the same feeling on DXCM.
sporthenry
Footballguy
Fun times. So good news on a treatment but bad news on the virus. (BEIJING CITY OFFICIALS SAYS KINDERGARTENS, PRIMARY AND HIGH SCHOOLS TO BE SHUT FROM WEDNESDAY - STATE MEDIA). Economic data is better than feared but still bad. Central banks remain the big wildcard. With the market divorced from fundamentals, I think it is tough to do anything but look at technicals although be weary of chasing anything. If anything, seems like you can fade any move in this rally with opex on Friday backing you up.
-OZ-
Footballguy
Today seems another strong day for small cap. I don't know what you have, but there's a noticeable difference in my portfolio this morning based on cap.
sporthenry
Footballguy
Yes. CNBC finally added IWM to it's front page given it's importance. Given the under-performance of small caps, that is when you can tell it's risk-on. If stocks are up but QQQ>SPY>IWM, that means it's not a broad based rally and just tech winning which I don't think is healthy. If it's truly going to be a v-shaped recovery, then IWM>SPY>QQQ.
Out at $12.70. Bummed that my stop-limit order to sell at $12.90 (placed when BLMN was trading around $13.00) was blown right through and didn't trigger. Cost me an entree and a couple blooming onions.Out of BLMN for a quick 18% - this thing is the gift that keeps on giving. This is my fun money account so it's not big dollars like some have, but posting 10-20% gains repeatedly sure is fun
sporthenry
Footballguy
Comment's today change your mind at all? Granted it isn't over but definitely seemed to tamp down the Fed's role with the elephant comment. Now I usually try not to overreact to either side. What he said doesn't rule out the Fed continuing to backstop things but their move yesterday doesn't really show that much of a change in their risk appetite. Again, I think investing with the backstop of the Fed is a dangerous game. I'm trying not to fight it but can't bring myself to buy equities because I believe the Fed will buy equities.
I’ve got some small caps, but hard to tell with individual stocks. I don’t have a lot of giants outside of Amazon. I do notice it in some of my 401ks where I have mid cap and small cap funds along with large cap and date targeted funds. Those obviously don’t move during the day.
ex-ghost
Footballguy
McBokonon
Footballguy
RPRX opened at $44.00. My g/f has an IRA she doesn't contribute to anymore (because she maxes her SEP now instead) so I bought some there and will average in the rest and just make this the stock in that account for a long while. Long term I don't see how this fails, plus there's a dividend in the meantime.
Don't Noonan
Footballguy
@BassNBrew Not sure if you saw this but LVGO is up 8% today, around 5% since I posted this. Very much a long term play.
ghostguy123
Footballguy
Indexes up a decent amount and stuff like BLMN is red right now?
Onion time? Hmmm
Onion time? Hmmm
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ex-ghost
Footballguy
Looking at the yoyo, I am thinking of waiting to see if drops back into the low 11's, at least.
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Just wish I had waited one day to start buying. DCA’d a few times and I’m up but it would be a 20-30% up in a couple days starting on Thursday. Definitely following them now. Don’t want to be a long term holder but it seems like the changeover + 2 or 3 days gets the maximum results.
Yeah. Missed it by 2 cents on my limit order. Now it’s $3 higher. Good call. More of these please
Well, I would still recommend it even now. Again, long term play. I’ll let you know if anything else catches my eye. I think I’m stocked up but will keep my now 9% or so cash in cash there is another dip, which there will be.
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
-OZ-
Footballguy
ghostguy123
Footballguy
I am the dumbest stock person in this thread.
I say hold. That means you should probably sell. Or maybe sell half. Maybe buy more.
All I know is this. I need to learn to hold more often than I sell.
-OZ-
Footballguy
Sold ¼ of the amount I spent at $12.08, gain a few shares. Definitely not a big move.
ghostguy123
Footballguy
It's the new gambling, only better IMO.
I bought some PLAY. No idea why. It's how I roll. Also some BLMN on the Todem bat signal.
My Roth is filling up with Todem favorites off the master list.
My brokerage is about 90% cash right now. Ready to pounce.
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