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Stock Thread (36 Viewers)

BassNBrew said:
A lot of people were saying similar things in 2008.  BAC was a 4x for me.  WFC did the same.  Now it took a decade to do that, but I have no doubts we're looking at 2x in the next 10 years and likely 3x from these levels with zero risk of them failing.
Click to expand...
We are not seeing bank stocks tumbling 80-90% here. Huge difference. 

We are talking 30-40% drops. Banks are fine. But making money will be difficult. I am not saying do not buy big banks. I am saying don’t expect 40% pops inside 12 months. This is an environment we have never been in before in our lifetime due to zero guidance and unknowns in dealing with a health crisis that has morphed into an economic tsunami. 

I advocate buying JPM at these levels. That is where I am at with bank stocks.

BTW we bought more MGM BLMN right here. We are now fully in those at my personal comfort level. 

 
Went ahead and got a bit more BLMN at 8.38. Still haven’t invested as much as I did last time, so I’m prepared to add more if it falls.

 
stbugs said:
The only thing I’ve ignored in this whole time is distressed stocks that I wouldn’t normally buy. I’m sure if you have time to watch the market all day you can have a nice run but I don’t really feel good about airlines or travel related stocks. Heck even restaurants are a bit dicey. I’ve learned to make quite a bit more food at home. Pre-CV, with sports and school, it seemed like we went out way more and damn if I’m not enjoying making more food at home and saving a ton of cash. I made filets from Costco for Mother’s Day with twice baked potatoes (also Costco) and it was probably the best steaks I’ve cooked at home. Not saying I was bad before but these were excellent. A normal Mother’s Day with 3 teenage boys and filets would cost me $250 or so instead of maybe $40. My wife, who couldn’t save a penny if we put it in a safe she didn’t know the combo to, has saved enough in two months to pay for our beach week this summer which ain’t cheap (4 families in a gorgeous beach front house in Hilton Head). Luckily, I max out her 401k and also pilfer about 25% of her take home since I pay all the real bills. She does very well, but I pretty much assume what she gets in her account is gone and this is about 50% of her two months of pay that she saved.

Long story short is that I don’t believe in the airlines so if I were you, I wouldn’t hesitate to take any profits and find a much better stock to invest in at the coming discounts.
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I’m out. You’ll never believe what I bought with the money. :lmao:  

 
Want to add Cisco but think going to wait a couple of days, should have done this a few weeks ago. 

AKAM is one I may add some more of today.  Definitely like that long term.

Hoping SNAP is finally dying, need this thing to die. 

Up decent on a DIS put right now but may get greedy and hold out for more.

TTD was dead wrong the last time around, need a big death before July, no longer confident in my put, even though I still think advertising is having a terrible quarter.

 
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Ok so we are down 6.5% on the Dow from the high we made off the bottom on 3/23/20

Another 4-7% very much in view IMO as we have been talking about. 

Looking at adding too as this thing keeps selling off:

EMR

JPM

DIS (under 95)

PPL

EXC

CAT (under 100)

DE

FDX

T

VZ

 
BassNBrew said:
A lot of people were saying similar things in 2008.  BAC was a 4x for me.  WFC did the same.  Now it took a decade to do that, but I have no doubts we're looking at 2x in the next 10 years and likely 3x from these levels with zero risk of them failing.
Click to expand...
This situation is nothing like 2008, which WAS a liquidity/solvency issue and the Fed saved the day. The Fed can help with liquidity issues, they can't print away the virus.

 
Sold half of my Altimmume Technology.  Up 25% today and 60% when I bought it.  It was mentioned in one of the CYDY articles a month ago.

 
Random said:
Any input on TLT bond ETF?  Moved some money out of 401K mutual funds, looking for a good place to park for the mid term.  Already have as much gold/silver as I want (CEF).
Click to expand...
I rode TLT up huge in Jan/Feb. Even then I missed a lot of the run. Mancini had a twitter post weeks ago about it. Said it could hit new alltime highs but no timeframe. I want to get in but the Fed BS can cause it to reverse in a heartbeat.

 
Jefferson the Caregiver said:
Want to add Cisco but think going to wait a couple of days, should have done this a few weeks ago. 

AKAM is one I may add some more of today.  Definitely like that long term.

Hoping SNAP is finally dying, need this thing to die. 

Up decent on a DIS put right now but may get greedy and hold out for more.

TTD was dead wrong the last time around, need a big death before July, no longer confident in my put, even though I still think advertising is having a terrible quarter.
Click to expand...
I am still holding on to this too. :banned:

 
humpback said:
BassNBrew said:
A lot of people were saying similar things in 2008.  BAC was a 4x for me.  WFC did the same.  Now it took a decade to do that, but I have no doubts we're looking at 2x in the next 10 years and likely 3x from these levels with zero risk of them failing.
Click to expand...
This situation is nothing like 2008, which WAS a liquidity/solvency issue and the Fed saved the day. The Fed can help with liquidity issues, they can't print away the virus.
Click to expand...
I think 2011 is a better parallel for the industry.  There are large expected losses (credit now vs lawsuits then), real economy headwinds, and low rates expected for many years.

 
BassNBrew said:
A lot of people were saying similar things in 2008.  BAC was a 4x for me.  WFC did the same.  Now it took a decade to do that, but I have no doubts we're looking at 2x in the next 10 years and likely 3x from these levels with zero risk of them failing.
Click to expand...
Yep, got BAC at 3.78. You knew it was worth at least $12-14. Sold close to $20. 

 
lod001 said:
I rode TLT up huge in Jan/Feb. Even then I missed a lot of the run. Mancini had a twitter post weeks ago about it. Said it could hit new alltime highs but no timeframe. I want to get in but the Fed BS can cause it to reverse in a heartbeat.
Click to expand...
I thought it was one of the ETFs the fed was buying?

 
Add WRE and DFS A fantastic REIT which I bought today at 18.25 at a new 52 week low. And bought DFS today.....crazy low valuation for a credit card processor company with outstanding fundamentals. 

 
Todem said:
Add WRE and DFS A fantastic REIT which I bought today at 18.25 at a new 52 week low. And bought DFS today.....crazy low valuation for a credit card processor company with outstanding fundamentals. 
Click to expand...
Thanks GB. 

Any concerns on credit bubble if this economy does take a good dive in Q2-4? 

 
Slapdash said:
humpback said:
BassNBrew said:
A lot of people were saying similar things in 2008.  BAC was a 4x for me.  WFC did the same.  Now it took a decade to do that, but I have no doubts we're looking at 2x in the next 10 years and likely 3x from these levels with zero risk of them failing.
Click to expand...
This situation is nothing like 2008, which WAS a liquidity/solvency issue and the Fed saved the day. The Fed can help with liquidity issues, they can't print away the virus.
Click to expand...
I think 2011 is a better parallel for the industry.  There are large expected losses (credit now vs lawsuits then), real economy headwinds, and low rates expected for many years.
Click to expand...
Just sold the the WFC I bought yesterday for a 6% gain.  Given what's happened with the market, I'll call that a win and move on.

 
[icon] said:
Thanks GB. 

Any concerns on credit bubble if this economy does take a good dive in Q2-4? 
Click to expand...
That is priced in to the stock right now IMO hence why I bought at these levels. It is a risk....but one I am willing to take on outstanding balance sheet companies. 18-24 months from now.....these will be much higher. The dividends collect and compound while we wait.

 
Todem said:
Add WRE and DFS A fantastic REIT which I bought today at 18.25 at a new 52 week low. And bought DFS today.....crazy low valuation for a credit card processor company with outstanding fundamentals. 
Click to expand...
Hole you got DFS when it was down 3% today, if so, you're 5% to the good.

 
Sold the UAL I acquired this morning for a 3% gain.  

I'm going to call it a morning.  Time to stop picking up nickels and go to work at my real job.

 
eaganwildcats said:
The tanker basket just getting crushed. Long live the thesis. 

https://seekingalpha.com/article/4347044-opportunities-in-tankers-interview-praetorian-capital
Click to expand...
So the biggest bulls are a software engineer turned tanked investor on the side and a guy named Kuppy. I don't disagree that the trade just never developed the incremental buyer. I guess the market caps made them impossible for big funds to get involved and retail is busy following Barstool and trading all these airlines and cruiselines. 

My thesis hasn't changed at all. I'm buying known (and record) cash flow and likely shareholder return. It's funny that everyone freaks out about what revenue looks like in a few months for tankers but those same concerns could be said for any business that isn't tech. What do casino or restaurant earnings look like in a few months? Tankers will probably have a few painful months but seems like that is priced in and then some. 

 
BassNBrew said:
Hole you got DFS when it was down 3% today, if so, you're 5% to the good.
Click to expand...
Damn, stuff is jumping around today. ZM up nicely to start now down. WD, a stock I was hoping to get back in under $30, was down big, now up. I saw DFS as well.

Damn job getting in the way!

 
We finally went into CCL folks.

200 shares (a nibble) at 11.35

Sail with caution here LOL. But 2021 they have bookings at 70% best balance sheet among the big three cruise lines folks. 

 
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