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Stock Thread (59 Viewers)
- Thread starter St. Louis Bob
- Start date
St. Louis Bob
Footballguy
You should buy more then. It's below your initial purchase.Right?
"Buy every dip" still in order. Will this time be different? Nobody knows!!
St. Louis Bob
Footballguy
NOBODY KNOWSlod001 said:
You are simply gambling....on a 2x VIX. It's like hoping to roll snake eyes and the longer it goes without rolling snake eyes, the more the thing degrades.
You should have just mailed me $1000 and you would have been better off.
St. Louis Bob
Footballguy
Bob Sacamano
Footballguy
St. Louis Bob
Footballguy
Out at $7.11
fantasycurse42
Footballguy Jr.
Following the money, into JPM.
Mystery Achiever
Footballguy
Have you seen if it made it through the vote? Assume it did. I sold a SBUX lot to today for a gain of about $2600. Shares bought a few months ago with plan to sell around $58.
Under the FIFO law, I'd be forced to sell shares from 2012 for a gain of around $15k. Trade wouldn't make sense since the tax would well exceed the gain.
If Christie wins his sports gambling case in the Supreme Court, what stock(s) are poised to benefit the most? Traditional casino types like LVS or MGM? Or The Stars Group (fomerly Amaya, FFA board darling)? I see Churchill Downs as a possibility. Any tech companies that stand to be the main drivers? It's only a matter of time.
I would assume that the time to get in would have been when the supreme court announced the decision to hear it, which was over the summer. I'd imagine that it's already factored in the stock price.
But to more direclty answer your question, it would appear to me that racetracks can implement this pretty fast, where it will take the traditional casinos a lot longer to just based on space available on the casino floors.
St. Louis Bob
Footballguy
I'm not sure anyone has seen the whole bill but would also assume it's still in there.
Mystery Achiever
Footballguy
Probably good assumptions. :(
Bob Sacamano
Footballguy
This was in reference to puts at the time. But I did get into LRCX in the low 70s and sold up 20% on a small dip. Tough to complain about a 20% return, But
https://ycharts.com/companies/LRCX
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fantasycurse42
Footballguy Jr.
Mystery Achiever
Footballguy
Positive development-- almost 40 GOP House members signed a letter to send to leadership tomorrow asking them to remove the FIFO restriction. That should at least get it active consideration vs simply getting lost in the shuffle. Plus, since it doesn't raise much money, it could be something the Senate is more willing to give up to the House.
fantasycurse42
Footballguy Jr.
Yea, FIFO is all I'm following right now. If they remove FIFO, we see Santa and I think the rally continues, if FIFO stays in, we get some selling for tax purposes and shed some gains into the EOY. If it stays in, I'm selling almost everything and buying back at close on the last trading day of the year.
skycriesmary
Climbing up the Walls
Anybody here holding GDX or GLD? I've had a fair amount of shares for about a year, but am considering bailing with a small loss. I like a small portion long term, but see short term decay a real possibility. i.e. being able to buy 5-10% lower in a few months.
Evilgrin 72
Distributor of Pain
I didn't realize that William Hill was public (believe they are only traded on the London Stock Exchange), but they provide bookmaking services to a lot of casinos. They're likely the immediate benificiaries, but again, probably already priced in to an extent.I would assume that the time to get in would have been when the supreme court announced the decision to hear it, which was over the summer. I'd imagine that it's already factored in the stock price.
But to more direclty answer your question, it would appear to me that racetracks can implement this pretty fast, where it will take the traditional casinos a lot longer to just based on space available on the casino floors.
Bob Sacamano
Footballguy
"No ####"
-SLB
-SLB
General Malaise
Footballguy
General Malaise
Footballguy
Cobalt hopping again.
General Malaise
Footballguy
trading halted KBLT
Bob Sacamano
Footballguy
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fantasycurse42
Footballguy Jr.
Down about 2.5% on JPM while BAC is flat... awesome!!
Bob Sacamano
Footballguy
When you have a minute: What's the deal with CSEAF? It's one I never bought, but I keep an eye on some of the names thrown around a lot in here, and it's certainly cheap relative to what it was last time it was mentioned in here.
General Malaise
Footballguy
I still own it but am sitting on a massive loss. It's one I just leave alone because long term, I think it's a winner and it pays a decent dividend. Fallen on hard times with clam prices collapsing and losing their monopoly in the Atlantic waters. Insiders are buying and I think it's really cheap here. Also think it could be a candidate for a takeover. Also, since 85% of their business is exporting seafood, the exchange rate hasn't worked in their favor. I'd add to it here if I had cash, but all my cash went somewhere else.
Bob Sacamano
Footballguy
So, if I follow this correctly, they're selling shares at a 5% discount from current pricing to buy physical cobalt at a 10% premium to current pricing.
General Malaise
Footballguy
We're trying to figure this out right now.
as in, why? Seems like there's something bigger brewing.
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My sideline analysis based on the one article I read. They have option to buy a volume of cobalt that they don't think they'll get in the future, and are willing to pay a 10% premium on it. They don't have the cash to do so, thus are selling shares at a discount.
General Malaise
Footballguy
Story checks out. Still have some cash on hand for.......somethimg.My sideline analysis based on the one article I read. They have option to buy a volume of cobalt that they don't think they'll get in the future, and are willing to pay a 10% premium on it. They don't have the cash to do so, thus are selling shares at a discount.
fantasycurse42
Footballguy Jr.
What are you guys watching into 2018?
I think inflation is top of mind for me, it's been stubborn for a while, starting to uptick - the backdrop for growth is still firm right now, but once we really see an uptick there, I think it'll be time sell.
I think inflation is top of mind for me, it's been stubborn for a while, starting to uptick - the backdrop for growth is still firm right now, but once we really see an uptick there, I think it'll be time sell.
skycriesmary
Climbing up the Walls
I've been wondering this too, but feel to frozen to act. Everything just seems so top heavy with valuations. Everything I dip my toe into seems to turn to ####, and my hedges against a correction all end up decaying with this unreal bull market we're in.
I was looking into CSEAF as it's valuation is great, then read a read a report from CFRA and the rest was negative. So, I think I'll end up parking most of my $ on the sidelines, and miss any upside, but protect myself from the inevitable correction. It's gotta happen sometime next year, right?!
What I wouldn't give for a ultra safe 3%...
Bob Sacamano
Footballguy
skycriesmary
Climbing up the Walls
I'm not going to lose my base principle when the correction does happen. Correction being 5-10% market drop.
Bob Sacamano
Footballguy
fantasycurse42
Footballguy Jr.
skycriesmary
Climbing up the Walls
Yeah, this is fundamentally true. I don't trust myself though, when you see a 10% scalp off of the top, to not run to the hills and sell, thus baking in the loss. Then trying to get back in at the bottom. Yeah, cause timing the market always works...
Bob Sacamano
Footballguy
@Dentistwould tell you there are reasonably safe preferreds where you can earn >3% with little chance of losing your investment. Assuming you don't panic and sell when it dips 10%.Yeah, this is fundamentally true. I don't trust myself though, when you see a 10% scalp off of the top, to not run to the hills and sell, thus baking in the loss. Then trying to get back in at the bottom. Yeah, cause timing the market always works...
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Dentist
***Official FBG Dentist***
This is true, my preferred stocks have done rather well, though with the meteoric rise in stocks they have been a weak performer in my portfolio by comparison
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
Bob Sacamano
Footballguy
I'm terrified of it, but it seems like one of the equities to play if you want to ride the crypto wave without doing it directly. The premiums on the options look pretty crazy, so that might be an option if you're into trading a little.
Or, you an sell puts if you want to own it long-term.
Example - it's trading at $55 and change right now. You can sell the $55.00 strike for January for about $1900 right now. That leaves a lot of wiggle room.
You can also buy 100 shares now for around $5500 and sell a January 70 call for $1300-$1400. So, if you want to own it, you buy the shares, collect $1300 for a month and 2nd worst case scenario (other than the stock completely imploding in 30 days) is it rockets past $70 and you only make $3000 for a one month, $5500 investment.
=Smackdown=
Footballguy
In on . . .
GROW @ $5.27
MGTI @ $3.58
GROW @ $5.27
MGTI @ $3.58
