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Stock Thread (39 Viewers)
- Thread starter St. Louis Bob
- Start date
Yep. I’d buy more if I wasn’t already invested enough including non-vested shares. Talking pure stock wise, their business lines should all benefit from a shift in working, staying home and delivery.
But they will suffer from a lack of consumer confidence and spending. And trade at many times their earnings due to people expecting constant, explosive growth. So I'm not sure they're as immune as people think.
I really don't want it to because I've got 50% in a money market as of Friday close. Was hoping for another down day to move everything into the NASDAQ. I don't care how much more it goes down anymore. I'm going to way outperform the indices if I get in now.
skycriesmary
Climbing up the Walls
For those wanting to play the strong dollar, what do you use? DXY? Anything better for additional leverage?
We’ll just disagree then. They aren’t having shipping delays because they’re less busy. People are probably streaming less now and I’m sure less people are working from him using less cloud technology.
Just because consumer spending takes a hit doesn’t mean that Amazon can’t actually do better.
Yeah not saying it's certain they suffer. But it's also not out of the realm of possibility. Right now they are getting a nice boost from the fact that plenty of other places have no stock of supplies due to hording, others are closed entirely, and everyone still has some money. But a dramatic loss of consumer confidence and spending is likely to hurt just about everyone long term.
siffoin
Footballguy
Dude: This makes me really happy to hear. The number one rule of making money is learning how not to lose it. Way to go.
With that said - I'd have been much happier to be Lhucks'd right off this board for being wrong with the $GYPR. And truth be told - it wasn't about the global pandemic that made me make that prediction. Oftentimes I have found that "events" occur at times working with technicals that make them more than just coincidence. This is one such time I guess. I take a technical approach to markets. And what I'm seeing is beyond what I can comprehend. I like the technical part because technical strategies are not emotional. But I can't help but wonder what happens if cases go to 100k; 500k; 1m? What happens if 1000 people die or 100k? What happens when economic numbers get posted that are far worse than what we are expecting as worst case right now? It's hard to remain unemotional at a time like this. I do think they are good deals that will likely be even better sometime down the road. We've likely been living in a Humpty Dumpty type of economy..and blind to the fragility of it. How we pick up and put the pieces together will be interesting looking out 5-10 years from now. Of course the broken parts will be obvious then. Everyone's primary goal now should be to take care of themselves and their families. Good luck and health to us all!
ghostguy123
Footballguy
Here it comes roaring back
bcnfinance
Footballguy
Navin Johnson
Footballguy
ghostguy123
Footballguy
I need this damn money to transfer. One of the stocks I wanted a few days ago has already doubled......PLAYThis won't last, but at this specific moment, the 4 stocks I bought earlier are all up(JETS, DIS, BUD, TZA)
And down goes Disney...
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-OZ-
Footballguy
skycriesmary
Climbing up the Walls
Oh, but that's telling the rich to eat a #### sandwich like the rest of us do. The 1% don't have to play by the same rules. Well, rarely if ever.
ghostguy123
Footballguy
The General
Footballguy
ghostguy123
Footballguy
Seems like all the people who are taught to just keep investing and stay the course are the ones getting left behind.
fruity pebbles
Footballguy
Nope. They use times like these to build their wealth even further, usually at the expense of the rest of us.
Capella
Footballguy
TripItUp
Footballguy
I'm rich...and I"m about to get richer, but it's not at the expense of others. It's because I made better decisions.
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The General
Footballguy
I have honestly have no idea. I just buy stocks and watch them go down everyday
I believe @lod001 has mentioned this idea quite a few times in other threads. Think it was floated in a meeting Obama was actually in back during the crap pants days of the financial crisis.
skycriesmary
Climbing up the Walls
If a company gets bought out, with shares getting converted to dollars from the sale, is there anyway of not paying capital gains tax if the exchange happens before the one year mark of owning said stock? I'm assuming not, just making sure. Gilead's purchase of Forty Seven converts on April 6th I believe. Shares of Forty Seven were bought last June; I think the capital gains are going to have to be paid regardless.
ghostguy123
Footballguy
Everyone sell everything all at once at 10am tomorrow. Let market tumble. Buy buy buy. Ready team.........BREAK
skycriesmary
Climbing up the Walls
fantasycurse42
Footballguy Jr.
I've kept quiet, as some of you called me cheerleader, like I want carnage or I want the world to end (which is basically the peak of stupidity)... Unfortunately I can only play the hand that is dealt, I'm not the dealer.
This is what I see right now:
It's a pandemic, no refuting that. We have to figure out how bad this actually gets. My company at a senior level is already discussing possible cost saving measures. These talks will only grow as this gets worse. I'd imagine 95% of companies out there are having similar talks, only the companies whose products & goods are essential are not. Nobody is safe right now and all the stimulus in the world is just glue until this is behind us. How long will that glue hold? 8 weeks, 12 tops, imo (prob the lower end of that). If in 2 (maybe 3) months there isn't a clear defined path back to some form of normalcy, it'll be carnage. Stimulus bill will only provide a relief rally.
Unemployment can easily get to 30%, deficits are insanity, and with everyone staying home, this can dwarf the financial crisis. I'd say beware of the V shape recovery talk (barring a cure, vaccine, or very effective medicine). Sure, it happened in 2018, but that was a much different circumstance. Furthermore, as people lose their jobs and need money, they'll continue to sell equities. Not only will these users be selling, but they won't be contributing to a 401k, hitting the equation on both ends.
You guys think I'm nuts, but without strict intervention and a mandated in your face lockdown, I'm struggling to see other scenarios.
There are some things that will get me to change my mind, and I'm starting to nibble on things I want, but I'll leave those notes on what would get me to change my mind for a follow-up post. I intend on getting to the next bull market early, but you should all be forewarned bear markets last longer than a month (especially when they're created by possibly the biggest crisis of our lifetimes).
This is what I see right now:
It's a pandemic, no refuting that. We have to figure out how bad this actually gets. My company at a senior level is already discussing possible cost saving measures. These talks will only grow as this gets worse. I'd imagine 95% of companies out there are having similar talks, only the companies whose products & goods are essential are not. Nobody is safe right now and all the stimulus in the world is just glue until this is behind us. How long will that glue hold? 8 weeks, 12 tops, imo (prob the lower end of that). If in 2 (maybe 3) months there isn't a clear defined path back to some form of normalcy, it'll be carnage. Stimulus bill will only provide a relief rally.
Unemployment can easily get to 30%, deficits are insanity, and with everyone staying home, this can dwarf the financial crisis. I'd say beware of the V shape recovery talk (barring a cure, vaccine, or very effective medicine). Sure, it happened in 2018, but that was a much different circumstance. Furthermore, as people lose their jobs and need money, they'll continue to sell equities. Not only will these users be selling, but they won't be contributing to a 401k, hitting the equation on both ends.
You guys think I'm nuts, but without strict intervention and a mandated in your face lockdown, I'm struggling to see other scenarios.
There are some things that will get me to change my mind, and I'm starting to nibble on things I want, but I'll leave those notes on what would get me to change my mind for a follow-up post. I intend on getting to the next bull market early, but you should all be forewarned bear markets last longer than a month (especially when they're created by possibly the biggest crisis of our lifetimes).
Well, because we are 24T (before this virus) in debt that we cannot pay back. We should already have hyper inflation but we don't. Lets print some Big beautiful platinum coins.
1st thing one must do is throw logic out the window because we should have massive inflation but we don't. Then you realize we can print as much $ as we want and the world will so 'ok'.
Now is the time to enact the T coin when everyone is distracted by the virus.
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fantasycurse42
Footballguy Jr.
Even as a deficit hawk, sadly I kinda agree.
Might as well make it a $5T coin if we're gonna do it though.
No man. 1T and make 5 of them, put them in a display case. Big coins and it becomes a tourist attraction. "In 2020, the coronavirus was conquered using these 5 coins."
Harris
Footballguy
Was my plan as well. Almost jumped in at 95 but got a bit greedy waiting to break 90. If the stimulus bill doesn't pass today I think it'll come back slightly.
Binky The Doormat
Footballguy
I'm not familiar with this - can you do a quick explanation and what is the associated play?
The entire rationale behind the $1T coin is to allow the US to (ostensibly) legally circumvent the debt ceiling. So what does it matter if it's a single $1T coin, or 5 of them, or what have you? If you're gonna go full Keynes here anyway, use this crisis as your excuse to nuke the damn ceiling once and for all. Solve the freaking disease instead of treating the symptoms.
Sputnikv8
Footballguy
Fascinating. wiki description
Maybe they should remake the action-thriller "Italian Job" as the "American Job" and have Mark Wahlberg steal a couple of these coins. Assuming they are in an uncrackable safe somewhere, but, he can figure it out and get away in cooper minis.
