Stock Thread (14 Viewers)

[BassNBrew]

Someone else recommend BZQ and I've done well with it.  It's a against the Brazil market.  It's down today even though TZA is up.  26000 cover cases reported by them today.  This looks like a good entry point to me.

 

[BassNBrew]

I’ll buy you a beer. 

I owe you several for Sea.  Actually been selling that in the upper 109s today and buying back int he 117-118 range.  Opies and FMCI have hurt today.

 

[ghostguy123]

Peope afraid of heading into the weekend.  

Bought more BLMN at 10.97.  Have too much of that now.  Monday better be decent.  

Looking to buy something else that is selling off.  

 

[eaganwildcats]

Trimmed at 3.52.  Felt like I was walking around naked in the winter so I added it back at 3.50

Going to need a conference call for me to get back in methinks. 

 

[BassNBrew]

Going to need a conference call for me to get back in methinks. 

 

[BassNBrew]

Thanks for the well wishes @-OZ- and @stbugs ...back int he green

 

[stbugs]

I owe you several for Sea.  Actually been selling that in the upper 109s today and buying back int he 117-118 range.  Opies and FMCI have hurt today.

Not me. I was watching for a while but SE was recommended by @Oz and others. I just lamented not buying it. 

 

[kevzilla]

Going to need a conference call for me to get back in methinks. 

It's like the bus, there's always another one coming

 

[-OZ-]

I owe you several for Sea.  Actually been selling that in the upper 109s today and buying back int he 117-118 range.  Opies and FMCI have hurt today.

No wonder you were in the red.

 

[stbugs]

It's like the bus, there's always another one coming

All we need to do to keep going to the moon is not have any conference calls.

 

[matuski]

There are still plenty of bullish people out there too.  This tweet thread tries to argue against some of those points I mentioned: https://twitter.com/alexcutler247/status/1272632478306578432

The real missing piece of info is when those PIPE shares actually unlock.  It seems like everyone has a different take on that.  If you read the comments from the article I posted on Seeking Alpha there is someone that pulled an excerpt from the S-1 that makes it look like they may not unlock for 150 days, which would be well after our warrant exercise.  But the wording is difficult to clearly understand.

I am getting flashbacks of NERV to some extent.  If PIPE shares don't unlock until later then why haven't the institutional investors gobbled up NKLAW arbitrage opportunity by now?  The NKLA vs. NKLAW gap has closed from when I first posted but it is still very wide.

I mean I only have 100.  I dunno.  I can get out down a few hundred or lose a couple thousand or make several thousand....

I am a clueless joker gambler.

 

[Bluto Blutarsky]

Good to add BA here at $186 or with this flutter down a bit more in the next few weeks? 

 

[Bob Sacamano]

CYDY is up more than the rest is down, so while I’ve got others green, it’s single handedly keeping me green. I’ve got way too much of it lol.

Up 3%

 

[fantasycurse42]

I think this news could cause some issues. FWIW, I hold both (a lot more WFC right now) and have worked at both. Thinking of buying some additional BAC today. Not sure the scrutiny could really go higher.

My understanding of the big banks is that BAC's profit is more tied to rates than others... That could be problematic for them and my main reason of JPM > BAC. 

 

[stbugs]

Up 3%

Nice! I’m up a little over 1% but that’s for everything aside from current 401ks, which I barely follow. They are only 20% of my investments, follow the indices and they get DCA’d/new money.

 

[Bob Sacamano]

Would be kinda fun to see a little short squeeze here to end the week.

 

[unckeyherb]

come on CYDY, keep climbing!

 

[fantasycurse42]

Would be kinda fun to see a little short squeeze here to end the week.

I'll take $4.20 ftw, Bob. 

 

[Slapdash]

My understanding of the big banks is that BAC's profit is more tied to rates than others... That could be problematic for them and my main reason of JPM > BAC. 

I shouldn't comment on that first part, but I find it a bit surprising overall that JPM and BAC have traded so closely the last month.  Maybe using Merrill Edge for all of my trading instead of the Chase card I usually spend on (when not in a freaking pandemic) makes me a bit biased

 

[dkp993]

Going to need a conference call for me to get back in methinks. 

#notselling needs to become #nomoreconferencecalls   

 

[Zegras11]

#notselling needs to become #nomoreconferencecalls   

The fact that there is no conf call or PR release today is the best news ever.

 

[McBokonon]

Sold some BLMN $10 July puts for .60 each. Will buy back if/when it gets down to .30 or less.

 

[pmedina]

I’ve got just over 1700 shares of the onion, everyone go eat a steak at Outback you deserve it !

 

[Charlie Harper]

Downloaded Yahoo! Finance and it's fun tracking my holdings. 

My self managed portion of my portfolio by weight looks like:

CYDY 33%

LUV 33%

SE 12.5%

BLMN 12.5%

CLDR 6% 

DKNG 3%

Currently up 5% since starting in April. If I could do it over I'd not lock up so much money LUV in April with all the volatility we've had. I'm 100% depolyed for this fun money account so any future moves will be funded by selling stock. BLMN I'll set to a $13 limit and CLDR I'm waiting until a merger happens. Everything this else I'm long. 

Really hoping CYDY takes off and really digging SE. 

Thanks again to everyone in this thread. I'm just pissed I didn't poke my head in here years ago or at least to get CYDY for <$1.

 

[FreeBaGeL]

Sold some BLMN $10 July puts for .60 each. Will buy back if/when it gets down to .30 or less.

I did this as well.  Don't mind owning at $10 if the bottom falls out.

 

[chet]

4 things I've heard re: $CYDY's move today:

1. Supposedly 1 or 2 institutions are establishing a position;
   
2. Short covering;
   
3. Uplisting may be closer than previously thought; and
   
4. Continuation of positive feedback from Bruce's TEDx and Yahoo appearances.
   

#notselling

 

[Zegras11]

4 things I've heard re: $CYDY's move today:

1. Supposedly 1 or 2 institutions are establishing a position;
   
2. Short covering;
   
3. Uplisting may be closer than previously thought; and
   
4. Continuation of positive feedback from Bruce's TEDx and Yahoo appearances.
   

#notselling

There have been a lot of trades in the 50-100k share range in the last two days.  Like heavy accumulating going on.

 

[stbugs]

4 things I've heard re: $CYDY's move today:

1. Supposedly 1 or 2 institutions are establishing a position;
   
2. Short covering;
   
3. Uplisting may be closer than previously thought; and
   
4. Continuation of positive feedback from Bruce's TEDx and Yahoo appearances.
   

#notselling

Love ya Chet, don’t care who knows it. 

 

[Zegras11]

Love ya Chet, don’t care who knows it. 

Love me some Chet.   I was like, sweet I'm up $4k today!   Then I realized how much Chet was up today. 

 

[GoBirds]

Boring Vanguard question but can you guys help me understand/get your thoughts on the difference between VDIGX which I’ve been adding to a position in as opposed to VDADX which has a lower expense ratio and is an admiral share which I believe requires larger initial investment (can’t remember what investor shares is that VDIGX falls under). Also thoughts on these funds as opposed to going with VIG which is the ETF version?

 

[ManOfSteelhead]

Love ya Chet, don’t care who knows it. 

Chet, if loving you is wrong, I don't want to be right.....

 

[TripItUp]

For those who like trading but want to acquire two blue chips, acquire 2 of MAR and 2 JPM when under 90 and 100, sell one each in the 95 to 105.  Rinse and repeat.

automatic

 

[BassNBrew]

I shouldn't comment on that first part, but I find it a bit surprising overall that JPM and BAC have traded so closely the last month.  Maybe using Merrill Edge for all of my trading instead of the Chase card I usually spend on (when not in a freaking pandemic) makes me a bit biased

Yup...dead on.

 

[BassNBrew]

Well Kroger finished with a bang and I actually sold the position I acquired this morning that was down all day for a profit.

Hope some of you took me up on the free Drafting money today.  Easy 5%.

End of the day went my way and ended up with a nice green day.

 

[Slapdash]

Yup...dead on.

Also interesting how much C has somewhat closed the gap in relative value with some more to go. Easy to think their more international presence could be an advantage. 

 

[BassNBrew]

Also interesting how much C has somewhat closed the gap in relative value with some more to go. Easy to think their more international presence could be an advantage. 

C was the bet I made in March.  Those shares at $38.72 are looking good.  It's got about 6% to catch up with JPM and BAC.  Still thing the value is with WFC right now.

 

[BassNBrew]

Picked up a couple of shares of SEA for 106.60 in after hours.  Adding a couple of shares every time it drops and selling one on the increase.  About half way to my target number.

 

[-OZ-]

Well Kroger finished with a bang and I actually sold the position I acquired this morning that was down all day for a profit.

Hope some of you took me up on the free Drafting money today.  Easy 5%.

End of the day went my way and ended up with a nice green day.

Oh yeah

 

[Bob Sacamano]

I had a nightmare last night that I found a job, and when I got there the first day I had to do BnB's taxes.  

 

[BassNBrew]

I had a nightmare last night that I found a job, and when I got there the first day I had to do BnB's taxes.  

Luckily this is in a 401k account. That said I’ve sold 3 homes in the last year, am acquiring 2 with a 1031 and had 6 rental properties and 1099 income and haven’t filed in a while. Looking for a tax guy Bob. 

Whats in my wallet?  about 100 receipts I need to write off

 

[beef]

Love ya Chet, don’t care who knows it. 

Is your wife getting a little jealous too?  

 

[BassNBrew]

Anyone hear what the final word on withdrawing 401k without the 10% penalty was?  Did you need to catch covid or is a reduction in income sufficient?

 

[stbugs]

Is your wife getting a little jealous too?  

Maybe, but I’ll make it up to her when it’s at $10 in a few weeks!

Which reminds me. After uplisting all of us need to open about 10-15 RH accounts and buy 1 share a piece. That should get us on the list.

 

[Texas Football]

Anyone hear what the final word on withdrawing 401k without the 10% penalty was?  Did you need to catch covid or is a reduction in income sufficient?

Any financial impact. Even if say your wife got a pay reduction.

 

[rascal]

For those who like trading but want to acquire two blue chips, acquire 2 of MAR and 2 JPM when under 90 and 100, sell one each in the 95 to 105.  Rinse and repeat.

Why just selling one?

 

[rascal]

https://abcnews.go.com/Health/china-company-vaccine-complete-autumn/story?id=71328018

 

[jvdesigns2002]

For those of whom got into Draftkings and that are up a bit (once again thank you @TripItUp ). Are any of you getting worried about the possibility of there being no sports?  A week or two ago--I felt confident that we would have the remainder of the NBA season, most likely a shortened MLB season, and a fanless NFL season---and now it seems like there is some doubt creeping into all of those things happening.  I'm contemplating taking some profits and maybe just looking to buy back in again cheaper. 

Secondly--I'm not in bloomin brands as I'm generally not a huge fan of theirs.  I think if I wanted to get in a food play--I'd probably lean towards a Starbucks, Chipotle, or McDonalds---but I understand that most of you are basically buying and selling the cycles on the repeated patterns it tends to make.  Just thought this map of their locations might be something that you guys might want to look at. If you look at the the states where covid is spreading rapidly and see how many locations they have in them--it's pretty concentrated. Florida, Texas, Arizona, California just to name a few. If these states pull back on opening up and place restrictions of 25-50% capacity--it could get ugly for bloomin.   My guess is that they might actually be more profitable only being open for delivery or carry out than they are having open dining rooms at 25-50% capacity.  The additional staffing costs, clean up costs--full sanitation protocols+the need for dishwashers, and increased liabilities for a business that already runs on tight margins could be painful in the short to medium term.  I think that the buying and relatively quick re-flipping that a lot of you are doing is probably the wise and safe play.  

https://www.google.com/search?q=us+map+of+bloomin+brands+locations&prmd=misvn&sxsrf=ALeKk00id4e1NGRqwIoN37mkCOCKC_ms3A:1592604030449&source=lnms&tbm=isch&sa=X&ved=2ahUKEwj1nYKs8I7qAhWPrZ4KHWApBosQ_AUoAnoECBIQAg&biw=1024&bih=672#imgrc=oPASHN9emqX2FM

 

[ghostguy123]

Maybe a long slow downward trickle coming?  Maybe the markets will react appropriately to how screwed up everything is?

 

[SFBayDuck]

Maybe a long slow downward trickle coming?  Maybe the markets will react appropriately to how screwed up everything is?

 

[sporthenry]

For those of whom got into Draftkings and that are up a bit (once again thank you @TripItUp ). Are any of you getting worried about the possibility of there being no sports?  A week or two ago--I felt confident that we would have the remainder of the NBA season, most likely a shortened MLB season, and a fanless NFL season---and now it seems like there is some doubt creeping into all of those things happening.  I'm contemplating taking some profits and maybe just looking to buy back in again cheaper. 

"As of May 1, 2020, our Sportsbook app and website are available in Colorado, Indiana, Iowa, New Hampshire, New Jersey, Pennsylvania and West Virginia."

While it won't look great for optics and I own a little DKNG, now view it as a hedge to my short of $PENN. Does a shortened season in 7 states really matter? Now I think the thing is wildly overvalued so maybe that brings it back to Earth. Or maybe DFS is that big but I was of the belief that DFS is a decelerating business with a much smaller market size. I know some bulls pump DFS but don't think most here were pumping that.