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Stock Thread (55 Viewers)

sbonomo said:
St. Louis Bob said:
Bought 200 DDD at $13.93 for a total of 539 at $26.47. :mellow:
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man i still hold this turd. do you have a rationale for the purchase other than averaging down?
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same here, somewhat upset with myself for not buying more when it was in the 12s. I had the trade ready but didn't pull the trigger.

total of 268 shares at $14.59

 
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One of the positive take aways from Apple's last earnings report was how much room was left for iphone users to upgrade to the 6/6+. I'm concerned that Verizon's move to no longer subsidize phones will cause many to hold onto phones longer since they have to pay full price now. Stock is doing well today, though, so I guess I don't have much company.

ETA-Has only been a few days, but so far it does look like the USAToday "Free Fall" headline did mark the bottom.

 
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FUBAR said:
sbonomo said:
St. Louis Bob said:
Bought 200 DDD at $13.93 for a total of 539 at $26.47. :mellow:
Click to expand...
man i still hold this turd. do you have a rationale for the purchase other than averaging down?
Click to expand...
same here, somewhat upset with myself for not buying more when it was in the 12s. I had the trade ready but didn't pull the trigger.

total of 268 shares at $14.59
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http://finance.yahoo.com/news/3d-systems-hit-bottom-street-144456528.html

holding on for now.

 
Is oil free yet?

UCO is just looking so thin right now... not sure if she's going to lose anymore weight but I want to make sure I stick it in hard before she starts packing the pounds back on.

 
NREC34 said:
Oil might be good but I don't understand decay on ETFs. That kind of scares me.
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ETFs (at least most of them) don't decay. Unless you're talking about leveraged ETFs, in which case the leverage itself costs money (borrowing costs). Thus those instruments decay due to the ongoing borrowing costs. A triple leveraged fund will decay faster than a double for obvious reasons.

One of the reasons I like CEFs. They're a little different than ETFs, but they use leverage mildly - usually around 30% leveraged. Their borrowing costs are low enough that what they invest in (usually bonds/preferred stock/convertibles) have a high enough yield that the leverage is a plus rather than causing decay.

 
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Oil is a falling knife... Sure some people will catch it at the right time and make a killing, but the risk of being cut badly is also there.

I don't see why the bleeding stops today. We need a significant decrease in supply to help reverse, either that or some type of geopolitical event.

GL to all. I'm still on the sidelines on this one.

ETA:

I also think a test of $40 is inevitable.

 
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Invested some old rollover money in a few positions. Expecting interest rates to start moving up in the not too distant future but already owning two financial company stocks, I bought FNCL for ETF exposure in financials. FIDU was another ETF position with the same thought but different sector. COST was also a purchased that had some thought towards rising rates but also just like the long term position of Costco. All long term holdings.

I bought some GMCR with a small position to play with hoping it bled enough to make a few bucks. Looks like I was not patient enough on it.

 
fantasycurse42 said:
Oil is a falling knife... Sure some people will catch it at the right time and make a killing, but the risk of being cut badly is also there.

I don't see why the bleeding stops today. We need a significant decrease in supply to help reverse, either that or some type of geopolitical event.

GL to all. I'm still on the sidelines on this one.

ETA:

I also think a test of $40 is inevitable.
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So tempting to get back in, but yeah, I don't see a reason the current trend is reversed without an event unfolding. I've bought a bit of CVX over the last week as a long term hold with a nice dividend, but that'll be my only exposure to oil for awhile.

Just hasn't stayed in a range to scalp...

 
fantasycurse42 said:
Oil is a falling knife... Sure some people will catch it at the right time and make a killing, but the risk of being cut badly is also there.

I don't see why the bleeding stops today. We need a significant decrease in supply to help reverse, either that or some type of geopolitical event.

GL to all. I'm still on the sidelines on this one.

ETA:

I also think a test of $40 is inevitable.
Click to expand...
At 22.47 today with UCO

Thinking of buying $1000 worth.

You sort of talked me out of it, but what's the consensus here?

 
John Bender said:
fantasycurse42 said:
Oil is a falling knife... Sure some people will catch it at the right time and make a killing, but the risk of being cut badly is also there.

I don't see why the bleeding stops today. We need a significant decrease in supply to help reverse, either that or some type of geopolitical event.

GL to all. I'm still on the sidelines on this one.

ETA:

I also think a test of $40 is inevitable.
Click to expand...
At 22.47 today with UCO

Thinking of buying $1000 worth.

You sort of talked me out of it, but what's the consensus here?
Click to expand...
I'm just giving my .02.

Oil is just a huge gamble right now, might as well flip a coin - Nobody knows. What I think I know is OPEC doesn't intend on selling $40 barrels forever (so money is there to be made, with patience and playing it properly, not trying to catch a bottom, especially with a leveraged ETF that will decay), but what is happening right now appears to be part of their plan, and they haven't blinked once. They control 30% of the oil on Earth (at a much cheaper price to mine than basically anywhere else) and they appear hellbent on destroying US production. While I'm in the bucket that thinks that is impossible (unless the prices stay low forever), the rig counts leveling off and increasing the past few weeks is def not going to change their course yet. Especially since the most efficient rigs are remaining online. We're past the earlier lows of 2015, and while I'm no chartist, I can make an assumption that this is a very bearish sign.

Love to see what Siff thinks of these charts and where he has support levels mapped out on WTI.

I think patience is key here, I've already been sliced once on UCO, so I'm proceeding with extreme caution.

 
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fantasycurse42 said:
GL!
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Thanks. I'm a complete novice in handling my own stuff, but have some extra floating around due to some options I cashed out with my last company so this is more of just for fun (I'm a gambler).

I opened a TD Ameritrade account and I'm just handling it on my own.

Any tips, tricks, advice for just casual fun day trading (besides "You're an idiot") is appreciated. Just looking for some high risk cheaper stuff to have some fun with right now.

 
Be careful with uco. It can be a widow maker.should be bought and sold very short term. It can be hard to cover the buy/sell costs and make profit.

I got it because my ERY shares looked like they were topping at about a 5% daily profit and the oil industry always seems to prop up any large drops briefly. So i sold off ERY and bought UCO since they are almost opposites. ERY shorts the entire energy sector where UCO is bullish on crude.

 
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If UCO can struggle up to the 22.90s I'll seek for a 250 profit, but that's on a 10000 stake. On 1000 you be lucky to cover trade costs and there's no way I'd hold onto this thing overnight.

 
GWPH is the only real pot play, but it's up 10% today and will probably shrink some off that this afternoon or tomorrow. I'm looking to get in around 102

 
fantasycurse42 said:
John Bender said:
fantasycurse42 said:
Oil is a falling knife... Sure some people will catch it at the right time and make a killing, but the risk of being cut badly is also there.

I don't see why the bleeding stops today. We need a significant decrease in supply to help reverse, either that or some type of geopolitical event.

GL to all. I'm still on the sidelines on this one.

ETA:

I also think a test of $40 is inevitable.
Click to expand...
At 22.47 today with UCO

Thinking of buying $1000 worth.

You sort of talked me out of it, but what's the consensus here?
Click to expand...
I'm just giving my .02.

Oil is just a huge gamble right now, might as well flip a coin - Nobody knows. What I think I know is OPEC doesn't intend on selling $40 barrels forever (so money is there to be made, with patience and playing it properly, not trying to catch a bottom, especially with a leveraged ETF that will decay), but what is happening right now appears to be part of their plan, and they haven't blinked once. They control 30% of the oil on Earth (at a much cheaper price to mine than basically anywhere else) and they appear hellbent on destroying US production. While I'm in the bucket that thinks that is impossible (unless the prices stay low forever), the rig counts leveling off and increasing the past few weeks is def not going to change their course yet. Especially since the most efficient rigs are remaining online. We're past the earlier lows of 2015, and while I'm no chartist, I can make an assumption that this is a very bearish sign.

Love to see what Siff thinks of these charts and where he has support levels mapped out on WTI.

I think patience is key here, I've already been sliced once on UCO, so I'm proceeding with extreme caution.
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Buying XOM, CVX, BP and COP at these levels for a long term growth and income minded investor is a 5 year buying opportunity.

Trying to trade oil is like playing at the craps table. But investing in these cash rich diversified vertical oils giants will reap some capitol gains and great current income. And their dividends are pretty safe. Their balance sheets are flush with cash and oil will not stay at these levels forever.

In 2-3 years 70-80 a barrel is very much in the cards. maybe even quicker. The Saudi's are just waiting for the debt pressure to crumble the small players and then they will tighten the production to drive the price back up.

I am a value/contrarian and trying to predict the bottom is tough.

For those who want something even spicier take a look at:

BHP

FCX

Two minng giants. One more into copper (FCX) and BHP more diversified. BHP is a great company. They have been murdered. FCX has been destroyed is a high risk play. But the world needs copper (housing especially) and they also ventured into oil and gas 2 years ago. Basically they are in the worst three business you can be in right now and have been taken to the out house.

At 10 bucks a share FCX can be a major trade for a patient investor who can ride out the commodity collapse and wait for the turnaround. Same for BHP.

Love those two as a nice big turnaround trade over the next 12-24 months (40-50% upside type trades).

 
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If trading oil and gas and planning on holding long term then I have no idea why you wouldn't get a royalty trust or two. They pay gigantic dividends and the equity component moves way faster than the commodity.

Look at something like SBR or SJT for example.

Both of these are trading at 2003 levels now. And with a 11 and 8% dividend, each.

 
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culdeus said:
If trading oil and gas and planning on holding long term then I have no idea why you wouldn't get a royalty trust or two. They pay gigantic dividends and the equity component moves way faster than the commodity.

Look at something like SBR or SJT for example.

Both of these are trading at 2003 levels now. And with a 11 and 8% dividend, each.
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I'm thinking benders play was a spurious hunch gamble, like when i go to the track, walk in the clubhouse and its 45 seconds to post. Sometimes i just walk to the window and bet on me being lucky at that moment in time.

 
I think oil continues down.

I think exxon and conoco and bp and everyone else are so rich & powerful that they have a huge sack of things they can do to ebb the flow on the way down.

So while there may be numerous hiccups on the way down, i think it's going down quite a bit more.

 
culdeus said:
If trading oil and gas and planning on holding long term then I have no idea why you wouldn't get a royalty trust or two. They pay gigantic dividends and the equity component moves way faster than the commodity.

Look at something like SBR or SJT for example.

Both of these are trading at 2003 levels now. And with a 11 and 8% dividend, each.
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Outstanding advice. I forgot to mention those two.

Insane value right now. It's like owning your own oil well and natural gas well.

One thing to remember though is the dividends are dependent on the price of oil and gas so those can fluctuate monthly.

 
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