Stock Thread (37 Viewers)

[Sand]

The PSF is  that way

Dagnabit, and I thought it was  that way.  

 

[stbugs]

Dagnabit, and I thought it was  that way.  

 Cool, I thought the cooler emojis were problems in here. Maybe that was a past upgrade I missed.

 

[TripItUp]

That's my plan on FMCI and OPES.  Hold until the changover.

That’s how I’ve been playing these...has been very profitable.

 

[Nugget]

That's your decision. I've always enjoyed and respected your thoughts on this forum--but I'm also not going to lose sleep over somebody that wants to ignore me for having an opinion that is contrary to theirs and expaining it in a civil manner.  Enjoy your day. 

I like your opinions, but this is literally the wrong thread.

 

[dkp993]

Dagnabit, and I thought it was  that way.  

Glad I could help.  

 

[jvdesigns2002]

Exactly my point above. @jvdesigns2002 posted that the markets could have behaved differently if CV response was handled differently. How is that relevant in here? It’s not.

The context was that the confidence that our citizens and our markets have in how our politicians work to solve an issue that is a major threat to our markets has a lot to do with how seriously those same politicians seem to view the issue and the optics they put out around it. Many of  you guys seem to think that this is a completely irrelevant factor in determining what markets do--and I'm merely saying that I think it absotutely is a legitimate factor in the markets.  

 

[FBG Moderator]

He also said the markets got ahead of themselves because he felt that many people adopted non-chalant behavior that their elected leader was optically promoting. You don't see that as being relevant to the markets?  You don't think that there is any reality to the fact that there are lots of citizens that will adopt their habits from the officials they vote for and that this could have a bearing on the markets?  You think this entire facet should be ignored in a thread about the markets?  In any case--I think I've made my point regardless of if anybody agrees or disagrees.  Anyhow--sorry for the hijack--and lets just move on. 

Please take that to the political forum and keep this non political. Thanks.

 

[dkp993]

The context was that the confidence that our citizens and our markets have in how our politicians work to solve an issue that is a major threat to our markets has a lot to do with how seriously those same politicians seem to view the issue and the optics they put out around it. Many of  you guys seem to think that this is a completely irrelevant factor in determining what markets do--and I'm merely saying that I think it absotutely is a legitimate factor in the markets.  

Sure. But I’m also sure you can see or understand how a discussion like this could lead into directions not relevant to this topic.  There’s a whole sub-forum for anything that this discussion could lead too.  Let’s all Keep the FFA Politics Free.  KFFAPF!  I’m gonna get some hats made. 

 

[McBokonon]

FWIW, I definitely take into consideration government's response, real and optical, into account when I form my market opinion. If it's lax, and people behave in a lax manner, that dampens my bullishness. My bullishness is currently dampened.

SPAC website in case you haven't come across it yet.

I've bookmarked it and check it every day just to see what's up since this new territory for me.

 

[CR69]

Well someone sold me 3 6/24 VIX 50c for 0.05 this morning lol. Noticed weird stuff in the order book so I put an order in at the minimum. Had 20 in there but only 3 filled. Could easily flip them right now for 0.80 but since I'm banking on some volatility this week I'll hang on to the lotto tickets. 

 

[Tool]

As the person who kicked off this tangent my comment was not intended to be political. I was pointing out that Trump is not wearing a mask which in my opinion is leadIng others to follow his lead. The spread of the virus will have a significant impact on the economic recovery and thus stocks.

I’d encourage everyone to just move on and get back to stocks.

 

[stbugs]

The context was that the confidence that our citizens and our markets have in how our politicians work to solve an issue that is a major threat to our markets has a lot to do with how seriously those same politicians seem to view the issue and the optics they put out around it. Many of  you guys seem to think that this is a completely irrelevant factor in determining what markets do--and I'm merely saying that I think it absotutely is a legitimate factor in the markets.  

My last response on this as I am part of the problem now responding to this. What you are saying isn’t something actionable. It’s theoretical in nature and honestly isn’t a real factor. I know you have been leaning negative for a long time and maybe you haven’t gotten the benefit of the rally and so that is clouding your opinion and I’m one who does think some stuff has gone too far and hate that people don’t wear masks. You are trying to convince us of something we already know. Politics can impact markets but theoretical discussions on how the market could have reacted in an alternate universe is for the CV thread not in the current universe. It is not helpful at all.

 

[jvdesigns2002]

My last response on this as I am part of the problem now responding to this. What you are saying isn’t something actionable. It’s theoretical in nature and honestly isn’t a real factor. I know you have been leaning negative for a long time and maybe you haven’t gotten the benefit of the rally and so that is clouding your opinion and I’m one who does think some stuff has gone too far and hate that people don’t wear masks. You are trying to convince us of something we already know. Politics can impact markets but theoretical discussions on how the market could have reacted in an alternate universe is for the CV thread not in the current universe. It is not helpful at all.

I have not been leaning negative.  Read the thread over the last several weeks.   I have been big on big tech, i bet a decent amount on Thor and winnebago, i was big on boeing and disney long term--not so much short and medium term, I got into draft kings--and i still have faith in that--but Ive also said that I'm not going all in and am hedging my investments with some profit taking and some metals.  I've thankfully done very well (knock on wood). Anyhow--I think we've both made our stances clear.  If I offended anybody I'm sorry--but I stand behind what I said--and I don't think I was rude to anybody in making my points. 

 

[stbugs]

FWIW, I definitely take into consideration government's response, real and optical, into account when I form my market opinion. If it's lax, and people behave in a lax manner, that dampens my bullishness. My bullishness is currently dampened.

SPAC website in case you haven't come across it yet.

I've bookmarked it and check it every day just to see what's up since this new territory for me.

Thanks for the link. That GS one seems interesting. They were able to do Vertiv so I’d assume they’d be successful in round 2. Wouldn’t be bad to get in earlier as the pop comes from the announcement when they find the acquisition and then it seems like a second pop after the IPO. Tough to compare all of them because Vertiv had the downturn in March right in the middle.

 

[ghostguy123]

So my Roth IRA is now becoming my set it and mostly forget it long term account.  I opened a small position with about 20% of my money in there this morning spread pretty evenly among these:

DFS, JPM, XOM, T, CVS, WFC, PM, PFE. 

I will add more spread out evenly. I didnt want to use 100% today

 

[pecorino]

I would think the problem there is that you're tying up a ton of collateral for a relatively small gain.  6% gain on $10k is nothing to sneeze at during normal times, but you may be missing a 50%+ move in the interim in this market to get that.

Plus, if you sell shorter-term puts, you can rise / repeat with the same cash. I typically only look one month out (at most) and usually about 10% (sometimes 5%) under the current trading price unless I really, really want to buy it. So for DIS, which is trading at 116 as I type this, I'd consider the July 105 put which only pays $240. We're talking 2% on your money in one month which is pretty good in ordinary times. I like DIS, so maybe the July 17th 110 put make good sense as it pays $350. You also might want to wait for a down-day to sell a put so that you get an extra bit of juice. But no way am I tying up $10K for six months on a Disney put. 

 

[TripItUp]

Looks like there’s some value out there after this correction. 
 

What’s everybody buying?

 

[bshell27]

EDSA taking a ride on Robintrack.  Question about this company, used to be a $600-700 stock.  I can't find why it fell to $6?  

Looks like they are competing with CYDY for a Covid treatment. 

 

[-OZ-]

Looks like there’s some value out there after this correction. 
 

What’s everybody buying?

confusion. Mostly

Cases have gone up more than expected. 

I get that the market declined last week decently but the only things I hold today which are negative are international. Futures had been down. 

 

[beef]

My only buy today was MRO this morning.  Had a limit on DKNG and forgot to adjust it and missed out thanks to a stupid f'n waste of time work call got me side tracked.

 

[caustic]

BXRX up big today after announcing the official launch of their new drug Anjeso. Added some more this morning, let's see where this goes.

 

[skycriesmary]

As usual a daily 10% or more spread on the daily value

Yeah, that is crazy. Just sold what I had remaining for meager profit, but I'd rather get back on this when it drops 6-8%, which it seems to do on a daily basis.

 

[skycriesmary]

BXRX up big today after announcing the official launch of their new drug Anjeso. Added some more this morning, let's see where this goes.

Yeah, that was Revshark's pick last week. I like his pick this week too (CEMI), wish I would have gotten some at the open, now it's up 16%. 

 

[BassNBrew]

This is funny....

Hertz Global Holdings warned potential buyers in its common stock offering that it’s almost certain that the equity will become worthless.

Hertz said in a government filing Monday that it would sell up to $500 million in common stock. In that very same filing, the company said those shares won’t be worth anything unless those with higher priority in a bankruptcy, such as the company’s debtholders, are paid in full. And that, the company said, would only happen if there is an astounding change in the progress of Covid-19 and a significant turnaround in travel trends. 

The company said the following in its filing with the Securities and Exchange Commission:

“Although we cannot predict how our common stock will be treated under a plan, we expect that common stock holders would not receive a recovery through any plan unless the holders of more senior claims and interests, such as secured and unsecured indebtedness (which is currently trading at a significant discount), are paid in full, which would require a significant and rapid and currently unanticipated improvement in business conditions to pre-COVID-19 or close to pre-COVID-19 levels.”

The U.S. Bankruptcy Court for the District of Delaware on Friday approved Hertz to sell up to $1 billion in stock in a last-ditch effort by the company to cash in on its volatile share price and haggles with the New York Stock Exchange to not be delisted. 

As a company exposed to travel demand, Hertz has faced significant headwinds throughout the spring as Covid-19 and efforts to contain its spread have kept Americans at home and prevented the vast majority of everyday travel.

The stock sale is a rare move for a company going through Chapter 11 bankruptcy since common shareholders are last in line when assets are allocated during court proceedings. People and entities that hold Hertz’s bonds will receive payouts first as debtholders receive priority during bankruptcies.

Also unusual is the volatility seen in Hertz stock over the last month, even after the company filed Chapter 11 on May 22. The share price, which bottomed around 40 cents per share on May 26, is up 475% since then at around $2.30.

But the shares dropped 19% on Monday.

The stock has remained popular among retail investors even as others, such as CNBC’s Jim Cramer, thinks “it’s worth zero.” The “Mad Money” host said Monday that retail traders and investors buying stocks like Hertz should first conduct research and due diligence before tying money to the equity.

“It’s not a roulette game. This is a game, if you want to call it that, of skill. And the skill means having an edge, and the edge comes from the debt side,” Cramer said. 

 

[Jayrok]

EDSA taking a ride on Robintrack.  Question about this company, used to be a $600-700 stock.  I can't find why it fell to $6?  

Looks like they are competing with CYDY for a Covid treatment. 

Looks like another example of a NASDAQ (visible to the young investor generation) stock being pumped and dumped on routine news.  They received FDA approval to initiate a Covid study.  SP went from 2.90 close on Friday to being pumped up to 8.00 this morning.  Now is fluttering around the 6 mark and will likely be back down to 3 or 4 tomorrow.   Unfortunately, another bunch of bag holders likely this week.  Not sure what happened to their stock between 2014 and 2016, their peak. 

CYDY well ahead of them on trials/studies but no one knows it.  RH gang can't pump... er, trade it.  

 

[FBG Moderator]

Anyhow--sorry for the hijack--and lets just move on. 

Agreed.

 

[ghostguy123]

I wanna punch myself in the face for not buying right at the open this morning.  Everything I looked at is up like 10% from the open

 

[caustic]

Fed just announced it will start buying individual corporate bonds.     

 

[CR69]

Fed just announced it will start buying individual corporate bonds.     

Next week they're going to announce that they're buying NKLA and HTZ stocks. Jesus. 

 

[skycriesmary]

Wow. Glad I sold FMCI before it went parabolic. FML.

 

[sporthenry]

Fed just announced it will start buying individual corporate bonds.     

They really have no shame. At this point, it's tough not to politicize the Fed. Corporate socialism vs socialism.

 

[skycriesmary]

They really have no shame. At this point, it's tough not to politicize the Fed. Corporate socialism vs socialism.

Grifters gonna grift.

 

[Todem]

Good way to look at it.  

@Todem You’ve mentioned eyeing DIS sub 95 or so, and other companies like EXC are on your master list.  Does it make sense to sell a Jan 21 DIS95 put for 6.50 premium or Jan 21 EXC35 put for 3 premium if they’re Buy and hold stocks?  Or do you not like those types of plays for some reason?

Makes perfect sense on stocks you don’t mind owning at those prices. In fact you will own Disney at a cost basis 88.50 if it is put to you and EXC at 32.

Absolutely would do that. 

I typically never go out more than 6 months and you are right in the “most" I would go out as far as expiration. 

 

[sporthenry]

So the announcement doesn't actually include any additional buying. All it does is allow the Fed to create it's own ETF instead of buying the actual corporate bond ETFs. Imagine corporate bond ETFs may drop a bit (assuming their NAV was trading at a premium). Market will love it although the info isn't that huge. It's just more signaling that the Fed will backstop this market and buy all debt until they move into equity. 

 

[Todem]

Ignoring the facet of politics in a market thread is dangerous and irresponsible.  You know better.  You don't think our markets will react differently based on the results of our next election?  You don't think our markets would have acted differently had covid been handled differently politically?  I get that ignoring politics and acting like you are above that is the hot thing to do right now--but removing how politics can effect a markets from a thread that is designed to discuss markets is assinine.    I'm sorry--I respect you and your input in this thread--but I just think you are off base on this particular take.   I just did not digest his post as being random political agenda that was worthy of being removed at all.  We can just agree to disagree. 

Actually the people who pay so much attention to political forces on markets are the ones who lose the most money, make the most emotional decisions about stocks and time the market.

Fact.

I will stick to what has worked for me for over 30 years. Fundamentals, balance sheets, high quality stocks, time in the market, blocking out the short term headlines and noise that seem to destroy and erode retail investors returns.

Those are hard facts.

We can agree to disagree. I have never used what president is elected to navigate my investment decisions for myself (nor my clients). If I did that....all those who were scared to death of Obama....would have missed 8 years of a good market. All those scared to death of Trump being president would have missed 2 years for strong returns. 

Again totally disagree with that line of thinking. 

The market over the last 100 years......WW1 WW2, Korea, Vietnam, JFK assassination, Cold War, on and on and on and on. 

Get my point? 

Short term it is always phycological and long term it is economical. If you feed into the noise (news) you will get destroyed. If you buy into the fundamentals and long term....you will do incredibly well. My job most of the time believe it or not....is managing the emotions of people and not letting them make huge emotional based financial decisions based on their political/social beliefs and fears. I am paid to advise. And if they cannot listen to me.....they can’t work with me.

It really is that simple. 

 

[The General]

@Todem

I followed you for another bite of the onion. Did you have a specific number you were selling at or was it after percentage gained? 

 

[ex-ghost]

@Todem

I followed you for another bite of the onion. Did you have a specific number you were selling at or was it after percentage gained? 

I'm also in on the Onion. Got in at 10.88, looking to get out at 12.50. So close right now.

 

[steelerfan1]

man, i really wish i would have bought more SE

 

[caustic]

man, i really wish i would have bought more SE

Same -- that thing will not go down.

 

[Bob Sacamano]

Same -- that thing will not go down.

After 4 hours, see a doctor.

 

[stbugs]

Wow. Glad I sold FMCI before it went parabolic. FML.

Lol. I wish I had done my last DCA. Watched it on Friday at $11.40 and put in a limit order for $11. Never got close. I’m still up on it overall due to today but that would have put me in a nice cushion spot.

 

[Bob Sacamano]

DOCU

 

[ConstruxBoy]

Makes perfect sense on stocks you don’t mind owning at those prices. In fact you will own Disney at a cost basis 88.50 if it is put to you and EXC at 32.

Absolutely would do that. 

I typically never go out more than 6 months and you are right in the “most" I would go out as far as expiration. 

I think the other thing with selling puts is being naked or cash covered. Certainly safer to be cash covered instead of being forced to sell something to raise the funds. But you're tying up cash for awhile, which is not great. It's a tough call. 

 

[McBokonon]

Same -- that thing will not go down.

I'be decided I'm ok with averaging up here and there. I'll leave some room for a dip (if that ever happens) but I'm looking towards 2025 and beyond with this one.

 

[Sand]

Fed just announced it will start buying individual corporate bonds.     

That's a buy  signal.  I have moved money into the market today on this news.

 

[stbugs]

DOCU

That and TDOC are two of my head scratchers. I will say that I’m glad I bought ZM instead of TDOC but I had plenty of cash to buy TDOC at the exact same time. Also, been watching DOCU for a while, was worried it ran up too much in February and then sat on my ### again when it was in the 60s in March. Absolute head scratcher. I know you can’t own everything but those were two stocks I watched and was planning to buy and for some reason made one an either or and the other just didn’t pull the trigger.

 

[skycriesmary]

I'be decided I'm ok with averaging up here and there. I'll leave some room for a dip (if that ever happens) but I'm looking towards 2025 and beyond with this one.

Again, nice call. I remember not too long ago replying to you that I didn't want to buy in the upper 70's, as I I waiting for a pullback that never happened. Can I have some cheese for my whine?

 

[sporthenry]

That's a buy  signal.  I have moved money into the market today on this news.

Meh, I disagree. I mean market obviously up on that news but size of program didn't change. It's buying individual bonds to create a diversified portfolio instead of buying LQD or JNK. Actually kinda bearish for HY or small-caps if they shift more into IG, apart from just pushing folks into HY. Unless you view this as a sign that the Fed will literally stop at nothing to feed this rally, which may be the case. 

 

[Sand]

 Unless you view this as a sign that the Fed will literally stop at nothing to feed this rally, which may be the case. 

This is the case here - I just bought some QQQ and moved into a general mid-cap fund.  Just another sign the Fed is a solid backstop.  I'm hoping for a couple more little swoons to feed in more money, but I expect this combined with news on vaccines will be making this market positive, generally, going forward.

 

[Bob Sacamano]

That and TDOC are two of my head scratchers. I will say that I’m glad I bought ZM instead of TDOC but I had plenty of cash to buy TDOC at the exact same time. Also, been watching DOCU for a while, was worried it ran up too much in February and then sat on my ### again when it was in the 60s in March. Absolute head scratcher. I know you can’t own everything but those were two stocks I watched and was planning to buy and for some reason made one an either or and the other just didn’t pull the trigger.

It has (quickly) become my second-largest position. I don't know how much more room it has to run, but it's still just a $30B market cap and I'm not seeing anything to make me think the growth is slowing soon.