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Stock Thread (70 Viewers)

Plorfu said:
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.
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Overstock is simply a slightly less dangerous more regulated way to play Bitcoin, IMO. 

Not for me, but can't fault someone for trying to ride the wave. 

 
JPM back near where I bought it last week. 

This much I'm terrified of; if the Fed doesn't raise rates tomorrow, this is going to get absolutely crushed (at least 2% from 2pm to close tomorrow). If the Fed revises forecasts to less than 3 hikes next year, also will be hit very hard... 

However, if by some off chance (which I don't expect) the Fed revises their forecast from 3 hikes to 4 next year, this will go rocketing. 

As of now, banks look to be priced at 3 hikes next year and a hike tomorrow, so how they finish the year if we stay status quo is anyone's guess. Personally, as long as tax reform is passed, I don't think they're done buying the banks. I think there will be more and more rotation out of the high flying names and into names like BAC and JPM. I am avoiding WFC and GS for now though - the charts have a ton of resistance at their current levels. 

Also, right around Europe close today, looks like there was heavy USA bank buying.

 
skycriesmary said:
Care to share some of your selections? I'd love to see some for reference.
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sure,  i've been out of the preferred game for a bit..  used to be a guy called the dividend yield hunter who'd post new issues and comment on them when they were in pink sheets before most people could get them... that was always the best time to buy..  I"m not sure where he's gone to.

Also i'm not a current buyer as all my $$$ is going into the new hizzouse.

I currently own and have for over 18 months

UZC

LAND-P

TCCB

All 3 yield over 6 percent and are worth slightly more now than what i paid for them.

I have about 300 shares of each one

 
I searched but found no talk of GBTC in here?  BitCoin Investment Trust that's up over 40% in 2 days...

Very expensive at over $2400 a share so I could only buy 20 but I just made more money than I have all year in 2 days.

What to do...what to do.

 
John Bender said:
I searched but found no talk of GBTC in here?  BitCoin Investment Trust that's up over 40% in 2 days...

Very expensive at over $2400 a share so I could only buy 20 but I just made more money than I have all year in 2 days.

What to do...what to do.
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Citron is shorting it.  The premium they charge compared to the underlying asset is insane.  The asset being bitcoin, which is insane in and of itself

 
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John Bender said:
Yeah not sure what to do right now.  Wait until Thursday afternoon probably
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Take half off and lock profit with a stop order in case it falls. Leave the other half and possibly put a trailing sell order in. 

If you've made more on this in 2 days than you have in the year, don't let greed get the best of you. 

 
John Bender said:
I searched but found no talk of GBTC in here?  BitCoin Investment Trust that's up over 40% in 2 days...

Very expensive at over $2400 a share so I could only buy 20 but I just made more money than I have all year in 2 days.

What to do...what to do.
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I blinked and Bitcoin was down $1,000.  This stock was up $100, now down $17.  This is crazy town!

 
I'll say this much about cryptocurrency - I really hope the crypto crash (it's a guarantee, it isn't an opinion... if Bitcoin had options, I'd be buying dated puts and paying whatever premiums they wanted on them) spills over into the real markets. I mean, I can't see an 80% drop in Bitcoin really hurting the real markets that much, but maybe 5-8% panic selling, maybe, hopefully... If that does happen, be ready to buy the dip IMO, since that dip will be brought by something that really has no underlying impact on growth or fundamentals. 

 
fantasycurse42 said:
I'll say this much about cryptocurrency - I really hope the crypto crash (it's a guarantee, it isn't an opinion... if Bitcoin had options, I'd be buying dated puts and paying whatever premiums they wanted on them) spills over into the real markets. I mean, I can't see an 80% drop in Bitcoin really hurting the real markets that much, but maybe 5-8% panic selling, maybe, hopefully... If that does happen, be ready to buy the dip IMO, since that dip will be brought by something that really has no underlying impact on growth or fundamentals. 
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I think you can trade options on Bitcoin now, but I'm not 100% on that.  

https://www.fool.com/investing/2017/12/15/5-things-you-should-know-about-cme-bitcoin-futures.aspx

 
General Malaise said:
I think you can trade options on Bitcoin now, but I'm not 100% on that.  

https://www.fool.com/investing/2017/12/15/5-things-you-should-know-about-cme-bitcoin-futures.aspx
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IB only has futures, no options, and their futures contracts only go out until March too. 

I'd like to buy some June & December Puts, I'd pay a premium to do so. 

The fraud with Tether is going to bring the entire cryptomarket to a roaring halt. Might trade some futures just based on Tether's activity, whenever they print a lot of money, Bitcoin soars, the correlation is becoming more and more evident. 

 
djmich said:
Sort of a play on the products you believe in thread, what are you guys investing in because you know the product and think the value is not fully reflected in the company valuation?  Wish I did this with Amazon a while ago.

Im looking at netgear.  Old school tech with relatively low market cap.  I recently bought the orbi mesh router and very pleased.  Also looking at home security and their Arlo cameras look to be a market leader.  Seems like with increasing home automation and dependence on strong wifi and wifi enabled devices these guys have a good play.  Thoughts or any products you believe in that represent investing opportunities?
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It's no MGTI, but up 32% since this post.  Now I'll hold it too long and it will plummet back.

 
purchased INTV 2 weeks ago at $0.75   currently $5.91  still undervalued and  med term

went in on OTIV today and going long

and a small position on SANP

 
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These blockchain plays are nuts. Good luck to anyone playing. The most insane looks like LFIN. IPO'd LAST WEEK at $5. Currently $82.

 
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If they are selling the news here, I'm a buyer... This sure as #### isn't the end of the bull IMO - if we get a dip from selling tax reform (which looks to work out quite well for a plethora of behemoths), I will be buying said dip aggressively. 

 
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Also, interest rates had their second biggest rise of the year today... You know who that is good for, banks... You know who sold off at the end of the day? That's right... This bull is turning me into a more seasoned investor, gotta spot the opportunities. 

COP, AAPL, JPM - in these 3 heavily and will add on dips. 

 
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Also, one other interesting trade could be made Thursday...

Finishline reports earnings before the bell, Nike after the bell - could be some money to be made there. 

 
fantasycurse42 said:
Also, interest rates had their second biggest rise of the year today... You know who that is good for, banks... You know who sold off at the end of the day? That's right... This bull is turning me into a more seasoned investor, gotta spot the opportunities. 

COP, AAPL, JPM - in these 3 heavily and will add on dips. 
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:excited:

 
fantasycurse42 said:
Also, interest rates had their second biggest rise of the year today... You know who that is good for, banks... You know who sold off at the end of the day? That's right... This bull is turning me into a more seasoned investor, gotta spot the opportunities. 

COP, AAPL, JPM - in these 3 heavily and will add on dips. 
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Still time to get on board. 

 
fantasycurse42 said:
Also, interest rates had their second biggest rise of the year today... You know who that is good for, banks... You know who sold off at the end of the day? That's right... This bull is turning me into a more seasoned investor, gotta spot the opportunities. 

COP, AAPL, JPM - in these 3 heavily and will add on dips. 
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All of the oil and gas sector is on a roll.  CVX is exploding right now - that's 10% of my holdings, so today is a pretty good day.

 
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