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Stock Thread (15 Viewers)
- Thread starter St. Louis Bob
- Start date
Don't Noonan
Footballguy
I don't think I am buying at all today unless maybe at end of day if there is a sell off. Fridays have been brutal lately.
beef
Footballguy
I'll give it a shot from what I've witnessed in plenty of OTC's, others please correct me.
The shorts come in hard and manipulate the bid price of the stock by selling huge numbers of shares. This drives the price down as the sellers way outnumber the buyers. It does create a better price buying opportunity, but you have to be very careful as the shorts will continue to do this until they have to cover. Each wave will drop that price more. I've seen OTCs get destroyed by shorts. I've also seen shorts get squeezed and lose their ###. Macho power **** game.
Big League Chew
Footballguy
do you guys pay attention to the bid/ask size
example BRZU is 14,500 x 54,800
example BRZU is 14,500 x 54,800
cosjobs
Footballguy
ghostguy123
Footballguy
I just got back from actually working and saw the market is down. see my previous posts today.
NajehHejan
Footballguy
BRZU looks tempting at 1.32 - however, this article has me concerned, unless you'd surmise "no where to go but up?"
https://www.nasdaq.com/articles/brazils-bovespa%3A-worlds-worst-performing-major-stock-market-in-first-quarter-2020-03-31
BRASILIA, March 31 (Reuters) - Brazilian stocks plunged 51% in the January-March period measured in dollar terms, making the benchmark Bovespa index the world's worst-performing major equity market in the first quarter, according to Reuters/Refinitiv calculations.
https://www.nasdaq.com/articles/brazils-bovespa%3A-worlds-worst-performing-major-stock-market-in-first-quarter-2020-03-31
BRASILIA, March 31 (Reuters) - Brazilian stocks plunged 51% in the January-March period measured in dollar terms, making the benchmark Bovespa index the world's worst-performing major equity market in the first quarter, according to Reuters/Refinitiv calculations.
ghostguy123
Footballguy
Most people may not even get their stimulus checks till May. Book itMr. Obvious.
Kudlow Says Does Not See Economy Getting Better In Weeks Immediately Ahead
ghostguy123
Footballguy
Thinking the airlines maybe test their 52 week lows again. Geeze AAL already a new low
Bossman
Footballguy
Selling Covered Calls ...
say someone is looking to sell a stock that's not doing much.
Trading at 7.50 ... and $7 calls are paying $1 ... strike date 1 week out.
Doesn't it make sense to sell the covered calls and guarantee yourself $8 per share?
... vs just selling the stock outright and getting $7.50
say someone is looking to sell a stock that's not doing much.
Trading at 7.50 ... and $7 calls are paying $1 ... strike date 1 week out.
Doesn't it make sense to sell the covered calls and guarantee yourself $8 per share?
... vs just selling the stock outright and getting $7.50
beef
Footballguy
Provides a needed balance. Keeps trade volume flowing and a defense against huge upswings.
Maybe a good example would be Sports betting the O/U. If you could only bet the over you'll have a lot less action. And nothing to keep that over from shooting way up to the point no one wants to play.
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Not if the stock could move bigly in either direction. A big loss and, sure, you collect the premium on the sold call but now you are stuck with stock that just tanked. If it explodes higher, you're only getting $7 per share one week out, missing out on big gains.
I've been using short-term covered calls a lot lately because options premiums are inflated and there are stocks that I don't mind holding long (if they do not get called away) but I also wouldn't mind selling. GILD is an example. I bought it at $70 per share a few weeks ago and I've been selling covered calls about one week out which are about 5% out of the money. So when it was $70, I'd sell a covered call for the next Friday with strike of $73 and net about a hundred bucks. It did not get called away. This week, I put in an order to sell on Friday if it hits $77 (I am watching it hover today around that price). If it hits, then I sell at $77, having already collected two premiums. If it doesn't hit, I put in a new order for next Friday with a strike of $80 or so and collect another hundred.
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caustic
Footballguy
If you don’t have direct deposit on file with the IRS, you could be waiting until September. https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-04-02/some-virus-stimulus-checks-may-not-arrive-until-september
Todem
Footballguy
Seriously.......and no offense at all please.
This is total amateur take and why the stock is going to be massive winner going long. They may be going through a rough patch......but their company is a finely tuned machine at every level and when things are better in the world 12-18 months from now this will be an earnings machine again and will prosper at a high level.
This is the kind of stock you buy and go long on and we did back at $110, $100 and $97 and if it goes down there again.....we will buy more. This kind of investor sentiment is what good trades are born from on companies with proven long term track records.
They had “serious issues” with the 787 Dreamliner and the sky was falling. The stock was in the very low 100’s back then......now we are going through unprecedented times in addition to production line issues which Boeing will fix. The 737 Max issues were an unmitigated disaster...yet the stock was holding strong in the 350’s while they worked through it....and low and behold production for the 737MAX is back online starting in May. Thats behind them. What is in front of them is decreased demand for aircraft......great. That is a short term issue. Again thinking long you are buying a great company at a huge discount. The dividend will get re-instated within 12 months. But the growth n the price 2-3 years from now (maybe even sooner and look at the 75% pop it had off the bottom...my lord) this is a major opportunity to own this company for the long term.
Again your sentiment is a huge tell for me as a long term bull on this company.
Buy with confidence.
Don't Noonan
Footballguy
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
Todem
Footballguy
Short term they are in a ####show situation. No question. So I don’t disagree with that. But you clearly understand my perspective.
Todem
Footballguy
It is an issue now.....I have a much better view for the long term.
I don’t deal in the now’s with emotional decisions......I look for opportunity in the now’s based on crappy sentiment.....because knowing what we know about the long historical performance of this company, their supply chain and incredible efficient business......they will overcome this and prosper.
Your short sighted view is what is laughable to me.
Let’ agree to disagree.....because with all due respect....you love to troll me. So let’s just move on.
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fantasycurse42
Footballguy Jr.
TripItUp
Footballguy
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Polish Hammer
made of glass
Todem
Footballguy
Why is there a "no pass line" at the craps table.
There are always two sides to every trade. If your a bear on a stock you have the right to short it.Just like if you are a bull you have the right to buy it and go long.
Shorting is what lot’s of hedge funds do. They are the guys at the craps tables who are silent while they load up on the no pass line at an ice cold table.
Same for a bear market. The shorter's come out en masse.....short stocks...then cover their shorts. This is why you are seeing such high volatility (among other reasons). Huge shorting..then huge covering.
This kind of market environment is where Hedge funds have to thrive. This is where their correlation to the market needs to be negative and this is where they earn their performance fee’s.
Me? I am a long guy. Always have been, always will be. It has never served me wrong. If I am bearish on a stock.....I simply do not buy it. If I own a stock that I have some short term concerns in? I sell a covered call or buy a put. If I have long term concerns.....I simply sell out of it.
Hope that helps explain why you can short the market/stocks.
You should watch the Big Short. A fantastic movie. And based on true facts and events in the 2008 real estate meltdown.
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as of a few days ago, 50% still in TLT, other 50% is in VCTPX which has actually performed nicely as we melt.
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Big League Chew
Footballguy
in at 2.25 sold at 2.89
these otc fees are outrageous though
these otc fees are outrageous though
GoBirds
Footballguy
Todem
Footballguy
Dude EXC is a great stock long term. I like it a ton down here. I would be a buyer. (we own it already at these levels).
BA.....IMO I simply do not know if we see those sub 100 prices again. So going long down here (as long as you simply ignore the stock when it goes down short term in this volatility) is a good thing IMO.
GLPI can and will get lower when and if we re-test the lows. I loved it when I posted here. I like it at this level.....I would say $21-$22 is a decent entry point. Sub $20 a great one. Long term (3 years and beyond) I see $45-50 as a price target. 12 months....we can see $35. It is a risky play in these times like anything else involving gaming/leisure real estate. But I am more optimistic than the general public that we will get back to normal sooner rather than later in terms of travel. We have short memories. And we also IMO can have a vaccine by 2021 and a much better grasp of treatments of this vicious virus. I would be a buyer here. But you can wait till Monday.....news is only getting worse short term before it get’s better. SO you may get another 5-7% discount from here.
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beef
Footballguy
I'm stuck in the middle on Boeing. I understand the long term value. Tremendous GDP factor, not many other options for airlines to go to and holds powerful military contracts so our government needs them. They'll always get protection and a bailout from Uncle Sam and they know it. I also think they're a total ####show company and take advantage of shortages at the FAA and deregulations. I fully admit to having a strong personal bias against them for some of their Military aircraft too since I'm a Sikorsky guy 
Big League Chew
Footballguy
Steeler
Footballguy
Plus Margot Robbie explains some of it from a bubble bath - I've never been so interested in finances as I was during that scene.
GoBirds
Footballguy
I think it’s as soon as I initiate the transfer from linked account, I did have to call and authorize the first time I traded CYDY.
First of all, thanks for both of your replies.
Why doesn't buying puts and selling calls work?
Just seems weird that a system that won't let you (sans a margin account) use proceeds that haven't "settled" will let you "borrow" shares to sell. Just the act of selling those borrowed shares puts downward pressure on the price. It just seems ripe for manipulation and surely there are other ways to balance the market.
Someone used the football over/under market as an example. That would be the case if I got to bet the under and then immediately knee capped both starting quarterbacks as part of the betting process.
You live in Conn?I'm stuck in the middle on Boeing. I understand the long term value. Tremendous GDP factor, not many other options for airlines to go to and holds powerful military contracts so our government needs them. They'll always get protection and a bailout from Uncle Sam and they know it. I also think they're a total ####show company and take advantage of shortages at the FAA and deregulations. I fully admit to having a strong personal bias against them for some of their Military aircraft too since I'm a Sikorsky guy
Zegras11
Footballguy
on Fidelity, I made a deposit and was able to use immediately and bought more CYDY with no fees. It took about 8 days for my account to get fully approved on the instant deposits.
I'm not trolling you nor am I short sighted, just giving another perspective. You're clearly a permabull, which isn't surprising given your profession, but you also seem pretty emotional and get carried away with comments like that. I mean, do you honestly consider a company that lost 3/4ths of their value and is begging the government for a bailout the size of their entire market cap to be "a finely tuned machine at every level"? Do you think maybe, just maybe, you're prone to hyperbole or off-the-cuff comments (like when you said they will be back to $350 or higher easy in a year)?
We actually agree on a good amount, I just think you're ignoring a lot of negatives, both actual and potential. This may end up being yet another "buy the dip" moment that we'll all look back on in a few months and wish we levered up to our gills, but I think you're underestimating just how destructive this potentially could be. The added debt load alone is going to make a lot of these companies who do survive less profitable on the other side (and if they have to give up an equity stake it'll be even more dilutive). There is a non-zero chance that things don't get back to "normal" until a successful vaccine is widely available, which by optimistic estimates are at least a year away.
beef
Footballguy
