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Stock Thread (23 Viewers)

stbugs said:
Ouch. Dumped 1/3 of their fund at the bottom. Not going to say that I don’t think we are frothy but Hertz is an exception. That’s not something I would point to at all.

Even before the CNBC interview that aired on Wednesday, Grantham and those at his firm had been bearish. “Uncertainty has seldom been higher…oddly, neither has the stock market,” warned Ben Inker, GMO’s head of asset allocation, adding that investment company slashed its stock exposure in its flagship Benchmark-Free Allocation Strategy from 55% in March to just 25% by the end of April.
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Everyone talks their book. I mean if you were investing opposite to what you thought, then there'd be a problem. I'm sure there are folks who think like he does but also recognized the Fed's intervention and just rode that up. HTZ is the easiest example but obviously not the only one. As I've alluded to, NCLH's EV was only 10% off its peak a week ago despite you know, not being able to run cruises for the foreseeable future. This market is all liquidity driven by the Fed. Obviously there is still relative value and money to be shifted between stay at home stocks and v-shaped recovery stocks. But what do you think would happen if the Fed took its foot off the gas? Or even alluded to the fact that it won't continue to backstop things? Fundamental folks don't do well in that environment. 

 
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Chaz McNulty said:
Everytime I listen to Bruce Patterson, I want to buy more of this stock.
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All he needed at the end of that was a mike drop.

Maybe I need to buy a bit more CYDY tomorrow.

However I wonder if the little guy can bust through and pass up all the big guys in this corrupt world.

 
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-OZ- said:
:shrug: easy money on less than 5% of my holdings or steady gains on the other 95%?  I guess it doesn't matter that much, but I'm much more of a long term investor than gambler.
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I agree I guess since like 95% of our assets are in buy and hold. But it's nowhere near as entertaining. Can we have wild volatility AND 8% YoY growth?

 
sporthenry said:
Haha, is he saying anything good? May go to the selling puts on these suckers. Should have done that in the first place to free up capital. EURN Aug 10 puts trading ~$2. Make money if stock stays above $8. Will report early Aug but likely won't pay dividend yet so shouldn't see any leakage from that. Given what has happened, I may lighten up on the over-levered guys. No sense in paying similar prices for over-levered guys given uncertainty. 
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Just that he's still 100% invested in Tankers (which is crazy) and continues to buy as they slowly march downward. 

 
eaganwildcats said:
Just that he's still 100% invested in Tankers (which is crazy) and continues to buy as they slowly march downward. 
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At least he puts his money where his mouth is. I don't think I want to put any more money into it. Although this sell-off seems enticing. But he's starting to sound like a CNBC anchor, continue to buy stocks despite being 100% invested in it. 

 
where do folks think zoom info (zi) will settle in? lots of chatter about them leading up to their ipo. they debuted at 34 on 6/4 and went up as high as 51.22 on 6/12 but are now back down to 43.51 - 10% loss today. thoughts?

 
This is when I kick myself for setting my Roth IRA in M1 and trading account in Fidelity. I want to buy SPG tomorrow, but don't really want REITs in my regular brokerage. 

Could sell off some other stocks and put it in a college account, I have a fair bit of SE in one. Sell SE there, buy SPG, and buy SE in Fidelity, no tax issue selling there. SE isn't giving dividends so it's arguably better in the regular brokerage (I'll gladly take the tax free gain). 🤔

 
-OZ- said:
BLMN down to the low 11s overnight.

Who's in?
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Already in for 3K shares at 12.04 and will be patient for the inevitable pop to 13 and change. May take a day or two....or three..lol. That seems like a long time for the Onion the way we have been able to trade in and out in 15-20 minutes LOL.

 
Todem said:
Already in for 3K shares at 12.04 and will be patient for the inevitable pop to 13 and change. May take a day or two....or three..lol. That seems like a long time for the Onion the way we have been able to trade in and out in 15-20 minutes LOL.
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It works until it doesn’t. Looks like a pause in the rally. May pause for a bit here.

 
U.S. weekly jobless claims total 1.508 million, vs 1.3 million estimate

So we finish up on the day right?

 
BassNBrew said:
U.S. weekly jobless claims total 1.508 million, vs 1.3 million estimate

So we finish up on the day right?
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Futures seem up on the news. When we were at 7 million, market rallied because it was below the 9 million expected (if I recall correctly). Now we’re above estimates but still rallying. Hey, at least it’s not over 5. 

 
sporthenry said:
Futures seem up on the news. When we were at 7 million, market rallied because it was below the 9 million expected (if I recall correctly). Now we’re above estimates but still rallying. Hey, at least it’s not over 5. 
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Are we looking at the same futures? 

Futures are down, except oil.

 
-OZ- said:
Are we looking at the same futures? 

Futures are down, except oil.
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BassNBrew said:
They were down 300.
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What he said. Was just saying, futures were up from 8:00am ET. I'm just ribbing folks that were justifying our limit ups when we 'only' had 7 million initial claims since it was better than feared. Now we're worse than expected and signs of the V shaped recovery, at least on a jobs front, seem to be dissipating. But just shows the bullishness in the market. We never really had a bear market, at least in terms of capitulation. You had a few crazy days of selling but the rebound was swift. In a bear market, it shifts form BTFD to STFR. I suppose for that, we shouldn't hope for another crash because I don't think the rebound will be as quick. 

 
stbugs said:
It works until it doesn’t. Looks like a pause in the rally. May pause for a bit here.
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Meh......it will work again just need more time. That is all. Stock to me should be 14-16 on a one year target alone. So.....not worried about it at all. 

But I hear ya on the trading aspect with the lighting moves intra day.

 
Just bought another 1000 shares this morning at 11.05.

I need a double order of a Blooming Onion and a Wallaby Darn to wash it down.

 
Todem said:
Meh......it will work again just need more time. That is all. Stock to me should be 14-16 on a one year target alone. So.....not worried about it at all. 

But I hear ya on the trading aspect with the lighting moves intra day.
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No worries just a joke. All good things come to an end at some point. I’m assuming the RH craziness will also be easing up soon. At some point the whales learn or go extinct.

 
BassNBrew said:
FMCI down 5% in pre-market.
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Opened a shade under 1% down, just over 1% down now. AH moves way more extreme. OPES up about half of what it was last night.

Oh and you’ll be happy to hear that I’m up about 1% due to Amazon and others. That damn FSLY is grinder. Up over $60. How the heck I bought in again at $11 in March, I don’t know. My original buy last year was $19. Been a freight train.

 
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stbugs said:
Opened a shade under 1% down, just over 1% down now. AH moves way more extreme. OPES up about half of what it was last night.
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Yup...I did well AH.  When stocks are moving 10% on no news I'll take the chance to ride naked overnight.

 
Todem said:
Stock to me should be 14-16 on a one year target alone. So.....not worried about it at all. 
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This is why I like day/weekly trading some of the stocks on your list.  I like them long term so I don't feel like I'll ever be "stuck" in them.  

 
BassNBrew said:
It was up to 19.50.  If you had sold then and bought back in under 18 you would be happy as two clams.

Anyway, what is the real exit point number on this stock?
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For me, I’m hoping mid 20s for both. I believe OPES is supposed to formalize the deal by end of June and we’ll know when the stock officially changes. That should be a little bump just due to the risk that it doesn’t happen. FMCI is a little behind that schedule.

I don’t think I’d be a good short term trader so I’m still avoiding that right now. May make that a hobby in 5-10 years when I can hopefully retire while my sugar momma keeps going. Right now, just don’t think I have the time. Time before a call right now, but the swings are so wild that I miss the 10% changes. I’d rather read the research and find stuff I like and roll with it. I’m still a newbie at the individual stocks but it’s been good so far.

 
BassNBrew said:
It was up to 19.50.  If you had sold then and bought back in under 18 you would be happy as two clams.

Anyway, what is the real exit point number on this stock?
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I'm legitimately interested in BurgerFi long term. That said, if/when this doubles, I'll sell half and let it ride. 

 
McBokonon said:
I'm legitimately interested in BurgerFi long term. That said, if/when this doubles, I'll sell half and let it ride. 
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When you say double, what’s your double price? My limit order of $11 on Friday didn’t hit so on FMCI I’m in the 14s for cost basis and on OPES I’m in the 12s. That’s why mid 20s is a target for me. Do you think it’s got the potential to come close to Shake Shack? The difference in market cap is about 19x although OPES market cap <> to BurgerFi market cap. Just wondering how far you think it could run making the sell half worth riding versus sell all if doubled up.

 
stbugs said:
When you say double, what’s your double price? My limit order of $11 on Friday didn’t hit so on FMCI I’m in the 14s for cost basis and on OPES I’m in the 12s. That’s why mid 20s is a target for me. Do you think it’s got the potential to come close to Shake Shack? The difference in market cap is about 19x although OPES market cap <> to BurgerFi market cap. Just wondering how far you think it could run making the sell half worth riding versus sell all if doubled up.
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My double price is about $25. It's worth it to me to hang on to the free shares and see if they can be like a Shake Shack. They seem to have a loyal following.

 
McBokonon said:
My double price is about $25. It's worth it to me to hang on to the free shares and see if they can be like a Shake Shack. They seem to have a loyal following.
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Sounds good, basically the same price for me. Will be interesting to see what the terms are so we know what $25 means compared to Shake Shack in terms of market cap. They haven’t released full details of that, correct?

 
stbugs said:
Sounds good, basically the same price for me. Will be interesting to see what the terms are so we know what $25 means compared to Shake Shack in terms of market cap. They haven’t released full details of that, correct?
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Not as far as I can find - I imagine we'll know more at the end of the month when the deal (hopefully) closes.

 
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