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Stock Thread (22 Viewers)
- Thread starter St. Louis Bob
- Start date
Planed to buy at open and sell when I saw a stall and then add again on the retrace. I was hoping for more than 15 cents but usually take what the market offers.
ex-ghost
Footballguy
Nugget
Footballguy
Appreciate the info, but I think you may want to come back after the CYDY craziness has hit $30 a share.
Zegras11
Footballguy
Idea would have been in at the open, out at $7, back in around 6.80, out at 7.25, back in at 7.05 (which I just bought a lot at). It helps me DCA down my shares.
fantasycurse42
Footballguy Jr.
God bless Chet
JoeSteeler
Footballguy
Is this your FT "job" or do you work a more traditional one as well? Feel free not to answer if too personal.
fantasycurse42
Footballguy Jr.
Todem
Footballguy
Zegras11
Footballguy
fantasycurse42
Footballguy Jr.
Studies show that less than 1% of day traders do it profitably enough to do it for a living.
Todem
Footballguy
Shula-holic
Footballguy
Zegras11
Footballguy
Property manager and I run the company. With the office shutdown (except for me) and everyone else WFH, I'll dabble in the morning at home and then check in again after I make the commute to open the mail. A lot of my job is answering phone calls. Often need to work evening and weekends (maintenance/showings) so the workload gets spread out. My primary retirement vehicle has been real estate. Had a decent 401k rollover from a previous era with an engineering firm. The performance has been lagging over the last 10 years in these target accounts. Decided to try to improve that. The ideas here have been amazing. In fact, they have been too good from the perspective that I make 50% on Opes in a week or 20% on GOLD in 3 weeks or 30% on Blmn in days. You guys have more ideas that I have funds (can't own everything), so now I'm cashing out profit if I see a better opportunity. Obviously the market swinging wildly plays into trading, so who knows how long it last.
Pipes
Footballguy
Damn wish I'd seen this thread earlier. Finally got off my ### and opened an E Trade account in late March when the market dipped but got into CYDY late 1,000 shares with an average cost of $5.45 so I won't be making vacation home money like some of you or mansion money like Chet but happy to be on this ride nonetheless. Thank you Chet for the recommendation and thank you others for contributing to this thread. Coming here and reading this is part of my morning ritual now.
NajehHejan
Footballguy
what is mancini saying about today? keep going down or rebound?
Charlie Harper
Footballguy
Alright. I'm fully deployed for CYDY!!
1292 @ $5.19
Sucks being new to this (trading since April) I've made some mistakes that cost me about a $1.50 in cost basis. So just hoping this stock still has plenty more to go.
1292 @ $5.19
Sucks being new to this (trading since April) I've made some mistakes that cost me about a $1.50 in cost basis. So just hoping this stock still has plenty more to go.
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It's a good premium and might be a good trade for someone who truly wants to hang on to BA long term. One con is that it ties up those covered shares until August. You could probably flip three covered calls between now and then for $500 apiece, if you are willing to lower the strike to $190 or so. Of course, much more likely they get called away. I'm less worried about that so I am selling calls just two weeks out.
Don't look now, but Luckin is down almost 60% due to being de-listed. Does that mean CYDY will get a +60% when it does get listed? Not looking to be greedy, just wondering what listing does to a share price. Up 60% from $7 per share jumps it to about $11. My hunch, though, is that Luckin's fall is not necessarily of CYDY's rise if it gets listed but there should be a nice pop nonetheless.
sporthenry
Footballguy
@AdamMancini4
4m
Incredible chop in $SPX and we've gone nowhere for a full month. Market making sure as few people on board as possible for the next trend leg. For bulls, yesterdays low is key- this is the trendline from March low through June 15 low and needs to hold to stop a large drop to 2920
So in other words, things can go up or down. But it is crazy when you take a step back and realize we've been chopping for a month. I may be reading too much into his tone but he still seems a bit more bullish. A few other technical folks I follow aren't nearly as bullish. But regardless, I don't think he or anyone really feels that strongly one way or the other. So I'd probably just wait for a move one way or the other. I'm still in a bunch of cash and waiting to see if we get a bit move down. For me it always comes down to upside / downside? Upside seems a lot more limited that even if it is a higher probability, where are we going to go?
ghostguy123
Footballguy
NajehHejan
Footballguy
thanks. i think i agree - still more downside than upside. i want to deploy more cash to DCA but today may not be the best day. maybe more red mon and tues going into month close
NajehHejan
Footballguy
screw it - appears to be rising quickly - threw 10 grand more in
sporthenry
Footballguy
Jayrok
Footballguy
ghostguy123
Footballguy
sporthenry
Footballguy
So what exactly is the timeline for CYDY results? Didn't realize it was so near-term. I didn't play it that well this week. Should have known that accumulaters wouldn't be as price sensitive. Probably won't be a pullback unless folks take some off the table a day or two before things come out just given the run-up in the stock. The cynic in me thinks that data may have been leaked.
But what is the risk/reward here? If data is bad? It's back to $2 or $3? If it's good? Teens?
But what is the risk/reward here? If data is bad? It's back to $2 or $3? If it's good? Teens?
Jayrok
Footballguy
That is true, but I think Chinese investors or their gov't may step in. Face saving maybe. Or LK gets bought out... something. Thousands of these stores are still open. Under/around a buck could be a steal for a trade like this. May not see 22 again or for a very long time but wouldn't count it out. And it's dirt cheap now.
I wouldn't touch it with a 10 foot pole as far as a long term investment. But might be a good quick trade opportunity at these prices.
ghostguy123
Footballguy
People seem a bit scared heading into the weekend. What looks good to buy? Lot of retail stuff still getting killed. Stuff like Dave and Busters is down almost 50% from 2 weeks ago. BLMN around 9.50 right now.
DFS a buy at 49?
More CYDY?
DFS a buy at 49?
More CYDY?
sporthenry
Footballguy
So what is up today? Staples and utilities? My hedges of tankers and gold aren't really hedging. Guess bonds can go lower and deflation is on. Seems like stocks expect the Fed to pump money in while Treasuries aren't pricing in inflation now. Maybe they can pump in just enough but I'm adding to gold on the pullbacks.
I continue to slowly average into XLE since it has been under 40, although I wouldn't be surprised if it runs back all the way to low 30s. We aren't going to see the global economy hit the brick wall of mid/late March again. Even if the US sputters, China is basically at full industrial capacity.
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cosjobs
Footballguy
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⚡DEADHEAD⚡
Footballguy
We're getting a second chance to play the market as it approaches some of the lows seen in the first drop in March. I just don't know how recoverable our situation is compared to two months ago, and I'm less certain we will see a multi-trillion dollar plan again.
Bank stocks taking a pounding. So tempting.
Broader point, we have royally effed this up.
Bank stocks taking a pounding. So tempting.
Broader point, we have royally effed this up.
caustic
Footballguy
Keeping an eye on DFS and JPM but not pulling the trigger on anything yet. I’m also not touching BLMN with a 10-ft pole right now. Their exposure to covid hotspots is pretty bad, as others have noted. Florida just announced a single-day case record of 8,900 — its previous record was 5,500.
