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Stock Thread (11 Viewers)
- Thread starter St. Louis Bob
- Start date
beef
Footballguy
beef
Footballguy
ghostguy123
Footballguy
End of day CYDY selloff a trend
Todem
Footballguy
TripItUp
Footballguy
fantasycurse42
Footballguy Jr.
Honestly, in this environment, I refuse to pay a huge premium for growth stocks. I just don't see any value until I can see a clear path back to normalcy. Granted, I'm a data hound, & I feel I'll spot the trends very early, so maybe at that point, but until then, why would anyone pay a premium for growth when it is nonexistent? (Maybe AMZN excluded).
ghostguy123
Footballguy
CCL dying?
Don't Noonan
Footballguy
Added BLMN at $6.07
Don't Noonan
Footballguy
dkp993
Footballguy
Being in the Restaurant biz my whole life I wouldn’t touch any stocks for them right now. Lots of room down to go. Even if the world starts opening back up in May social distancing group gathering guidelines will almost certainly be in effect and will drastically affect the capacities of these restaurants. The restaurant industry has a long long difficult road ahead
Penguin
Footballguy
Shoulda paid their taxes.
The cruise industry, unlike airlines wasn’t mentioned in the $2 trillion coronavirus stimulus package approved by the U.S. Senate late Wednesday.
Critics of the industry say that while most cruise ships are headquartered in the U.S., they are registered abroad and don’t pay U.S. taxes. The lines are also exempt from many U.S. labor and safety regulations.
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
fantasycurse42
Footballguy Jr.
CCL has about 18-20 months of liquidity with their new raises according to my calculations. I think they're cutting it close.
Todem
Footballguy
It is looking grim. Hence why we never went in yet......it’s bad. Gotta sit tight and be superbly patient with taking any position in CCL or even an airline. I do not trust they care about stock holders at all.
Now MGM and BLMN......survivors IMO.
And my master list are all survivors.
Re-test is going to happen and maybe even new lows.
Random
Footballguy
Todem
Footballguy
A dog with fleas. I can’t stand auto stocks. Never invested in them in my entire life. I simply do not like their volatility, management...nothing about them is attractive to me.
Al Czervik
Not wearing pants
F is rough right now. Was on the decline before this. Horrible CEO. Probably a good value down the line, but will take a while.
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-OZ-
Footballguy
Goodness, 33% off today, like 80% YTD
Cruises are one industry I hope dies, but that's massive.
chet
Footballguy
I've got nothing against other treatments and obviously want to find something that will help people in need but if I were offered Chloroquine or Hydroxychloroqine for treatment, I'd refuse both.
I don't own any but check out ATHX Athersys as a possible treatment for ARDS. That may work, but again, I just saw a news story on them today.
General Malaise
Footballguy
Yeah, I think there would (and should) be ENORMOUS outrage if they were even mentioned in a bailout. They aren't paying taxes, aren't essential and in my one and ONLY experience with one in 2003, felt like I was getting 8 feet of rebar up my poophole upon exiting. What a racket.
fantasycurse42
Footballguy Jr.
Good thing all of these brilliant companies put some of that extra money from an 11 year bull market and a tax cut gift to such good use... You know, like share buybacks, which have been on steroids for the last few years. I can now buy for cheaper than they did... Maybe they can sell to me down here to raise much needed capital.
chet
Footballguy
fantasycurse42
Footballguy Jr.
fantasycurse42
Footballguy Jr.
bshell27
Footballguy
I want to pull the trigger on this, but I bought at .307. I don't need the money and I don't care to get my initial investment back and kick myself if this takes off some more. Should I do this anyway?
cosjobs
Footballguy
cosjobs
Footballguy
ConstruxBoy
Kate's Daddy
TripItUp
Footballguy
After my sell of JPM yesterday I'm 100% cash today including 401K. Made a little on inverse ETF today and sold before close.
As others have stated news cycle will be bad for markets in coming weeks and at a minimum I expect us to test prior lows. I'll only be playing inverses unless there is a positive change in the news.
Agree with CNBC analysts that P/E ratios still not low enough to have reached a bottom.
As others have stated news cycle will be bad for markets in coming weeks and at a minimum I expect us to test prior lows. I'll only be playing inverses unless there is a positive change in the news.
Agree with CNBC analysts that P/E ratios still not low enough to have reached a bottom.
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dkp993
Footballguy
I struggled with this same decision for the last few days too. In the same position as you are with the stock and the money I had in it. Ultimately I made the decision the same way I do with a tough FF lineup decisions (Lol, crazy I know). Which way will I be more upset with myself if it doesn’t work out. Here I figured the free roll while capping some up side would be the decision I’m least mad I made.
Jefferson the Caregiver
Rebel Without A Pause
I'm waiting for the tests to prove that it will be a good recreational drug first.
Joe Mammy
Footballguy
You would have laughed at me. I found them when they were pioneering drugs for ulcerative colitis and crohns a long time ago. It has languished between $1-$3 for the entire time I've had it. It is just now gaining traction because of a Japanese company (Healios) exercising warrants 6 months early for 7M shares, an insider buy at $1.75 just a couple days ago. It could really explode, who knows? But they do have a FDA fast tracked respiratory drug that could save the world!
Sand
Footballguy
You can bet that at least one company has been saving all that cash and is probably deploying it to good effect. Maybe if Occidental goes belly up they'll drop enough for me to buy an A share. It would have to be a big drop.
Which reminds me, I should also look at MKL - they are a little brother clone that has done pretty well over the years.
Well BLMN is 75% off. What are you thinking...90% off being a lot of room? That would be a P/E of 5 if they only come back at 25% of previous earnings.
Sand
Footballguy
You certainly have a big set! I hope it works out for you and you crush it. Any DOW you are targeting?
sporthenry
Footballguy
To be the devil's advocate, if any company was sitting on a years plus worth of cash, investors likely would have been clamoring for management to do something. Not to say you couldn't be under-levered waiting for this.
Honestly, PE guys are probably hoping it goes down more. Call all their committed capital and go on a shopping spree.
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ghostguy123
Footballguy
My 403B is still all cash since the s&p was at 2800
I sold everything in my brokerage at the end of the day yesterday(including 4 airlines).
It isnt a ton, but literally my only holding right now is CYDY.
I would love one more nice red day tomorrow
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Yeah man, that actually had a nice slow run up (if you can call it slow) before the past couple days.
1.18 on the 16th, 1.4....1.8......pause......then blast off on the 27th.
Could be a pump and dump now but it didn't have the typical pump and dump like that VVUS just did.
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dkp993
Footballguy
There are others here that are far more knowledgeable being that I’m a noob to the stock game, but from a business standpoint, I’d say there’s not an insignificant chance they don’t make it. And that’s just the reality for most restaurant brands right now, especially the longer this goes on. Restaurants are low margin business, volume is key. Volume is seriously going to be restricted for the short term future for sure. I’m scared to death for this industry right now.
TripItUp
Footballguy
I'm playing this day to day....but I'll be back in at 18K Dow, but not all the way in and likely pretty selective with what I buy...it won't be an index.
14-16K Dow is the bottom when compared to the Great Recession P/E ratios...and there is debate as to whether this pandemic is worse than the systemic failures of that recession. There are logical arguments for a bottom lower than 14K based on PE ratios and potential world bank solvency issues as real estate issues could potentially escalate.
I also predict I'll be 100% in no later than Mid May and as early as Mid April. I don't want to miss the ride up...even if it's not v-shaped.
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CGRdrJoe
Footballguy
People are lazy, they are chomping at the bit to go back to restaurants. Most don’t count calories, save money or worry about theIr future. Case in point all the morons buying up TP, they will continue to throw away their money once this is over. Americans are lazy and sheepish.
