Stock Thread (32 Viewers)

[fantasycurse42]

Meanwhile, if the commodity somehow finds its way to over 1800 by morning, I find it hard to imagine how GOLD isn’t opening at around $26.5 and closing over $27; currently at 1790. Could be the start of the next leg toward challenging the previous ath from 9 years ago. 

On the inverse, if it is rejected and heads back to 1700, miners will take a beating (and ill add more to my stockpile).

 

[The General]

You beautiful bastards have my 401k up 19% YTD during these completely screwed up times.

My brokerage account is up 33% YTD.

CYDY and SE I would have never heard of without the good folks in here. BLMN, MGM, DKNG and CCL are trades I would have never thought to make without this thread making me rethink what little I knew about the stock market. 

AMZN, GOOG, AAPL I figured out by myself

I’m sure it will all come crumbling down, but until it does anyone that is in Seattle and wants a beer I’m buying. 

 

[tonysmiles]

It was unrealistic for FSLY to continue its march wonder if this is a temporary pattern and it will continue on its way to $100.....I have both FSLY and NKLA and will be interesting who gets to 100 first.

 

[fantasycurse42]

Gotta think with baseball coming back, gambling stocks :rocketship: tomorrow.

 

[BassNBrew]

When did you buy back in? We discussed this earlier this month, you said any gold money was better in regular stocks.

Looks like 6-5 when it trip your second buy level.  I was just under a 1% allocation today and never got above 1.5%.  That yellow rock scares the jeepers out of me.  GOLD has bounced between 10-20 for five years.  You were suggestion (which was excellent) carries some risk buying at 90% of the ATH.  I was thinking .5% at $25, 1% at $22.50, and another 2% at $20, leaving room to double up again if it really fell.

By regular stocks, I mean cydy, sea, fmci, or pretty much anything @stbugs suggests.

 

[sporthenry]

Gotta think with baseball coming back, gambling stocks :rocketship: tomorrow.

I mean what is priced into these things already? So far, DKNG has 7 states where it operates in and is a $12bn stock. Does 60 games of baseball move the needle? PENN doesn't even have an app yet. I wonder what happens when the folks investing in these companies take their money out to actually bet on sports. Will be this interesting conundrum when they go from betting on stocks to betting on sports and end up losing money on the betting stocks. 

 

[fantasycurse42]

Looks like 6-5 when it trip your second buy level.  I was just under a 1% allocation today and never got above 1.5%.  That yellow rock scares the jeepers out of me.  GOLD has bounced between 10-20 for five years.  You were suggestion (which was excellent) carries some risk buying at 90% of the ATH.  I was thinking .5% at $25, 1% at $22.50, and another 2% at $20, leaving room to double up again if it really fell.

By regular stocks, I mean cydy, sea, fmci, or pretty much anything @stbugs suggests.

If you’re not in it for the longer haul, $26 is a good spot to run away. An aggressive move is coming one way or the other in the coming days, I really have no lean which way it will be either, my horizon on this is much longer than most, so while I hope north, even if it is south, it’s just on paper for me. If anyone did buy in at those two levels, they’ve got 8% in less than 3 weeks. 

 

[fantasycurse42]

I mean what is priced into these things already? So far, DKNG has 7 states where it operates in and is a $12bn stock. Does 60 games of baseball move the needle? PENN doesn't even have an app yet. I wonder what happens when the folks investing in these companies take their money out to actually bet on sports. Will be this interesting conundrum when they go from betting on stocks to betting on sports and end up losing money on the betting stocks. 

You could be right, could be sell the news, but honestly, this market is stupid right now, and it’s anyone’s guess when the music stops playing.

 

[FreeBaGeL]

So what are you guys doing with your NERV shares?  IV on the calls is zilch, can only get 15 bucks per contract for a 7/17 $5 call.  Still selling it at that price?

 

[fantasycurse42]

Really, all gold needs to break above 1800 is one crazy tweet overnight... doable, IMO. 

 

[BassNBrew]

If you’re not in it for the longer haul, $26 is a good spot to run away. An aggressive move is coming one way or the other in the coming days, I really have no lean which way it will be either, my horizon on this is much longer than most, so while I hope north, even if it is south, it’s just on paper for me. If anyone did buy in at those two levels, they’ve got 8% in less than 3 weeks. 

Yes sir and thank you.  I hit over 15%.  At that level for a non long haul guy, I'll take that 200% annualized return.  I've done well lately taking profits and looking for the next opportunity.  I've missed some continued run ups but also gotten out of some things before the floor collapsed.  Won't go broke taking profits.

 

[BassNBrew]

Really, all gold needs to break above 1800 is one crazy tweet overnight... doable, IMO. 

So you're recommendation is that if gold opens at 1800 to pile into GOLD at the opening and it will continue to move up the rest of the day?

 

[fantasycurse42]

So you're recommendation is that if gold opens at 1800 to pile into GOLD at the opening and it will continue to move up the rest of the day?

When it decisively breaks 1800, I think it’s going to be an aggressive catch up for the miners. Timing it is very difficult and you can get hurt trying, especially if it’s a head fake and they sell the commodity at the open... hence my longer horizon and avoiding the day to day noise here, bc the miners will tank if it’s rejected and prob retrace that move to under $22 as gold heads towards 1700. I’m convinced the overall move is new ath, but that can take 12+ months to shake out.

 

[Zegras11]

Even so, we’re up 45% in a week (on no news), it’s due.

why now?

It's up 60% since last Tuesday.  And there have been slight sell offs after each run up of 20 to 30 cents each time, but then it rallies back

 

[fantasycurse42]

why now?

It's up 60% since last Tuesday.  And there have been slight sell offs after each run up of 20 to 30 cents each time, but then it rallies back

I hope to be wrong, but I’m mentally prepared for some people to take profits.

 

[pecorino]

So what are you guys doing with your NERV shares?  IV on the calls is zilch, can only get 15 bucks per contract for a 7/17 $5 call.  Still selling it at that price?

I’m holding and watching it closely. In for 1200 shares at a cost basis of $4.60 so I’m not too far underwater. If it climbs to the low 4s, then I sell covered calls to raise premium and hope they get called away at $5, netting a few bucks. If it never gets to $4, I’m holding the bag or selling very long dated calls to recoup my costs. 

 

[pecorino]

I hope to be wrong, but I’m mentally prepared for some people to take profits.

Wife and I agreed to sell 12% of our holdings if it hits $4.95. I’d posit that many in CYDY are long so hopefully others would temper their profit taking like us. Our next sell point would be upper single digits, probably about 15% if it sniffs $10 per share.

 

[Lacey]

So what are you guys doing with your NERV shares?  IV on the calls is zilch, can only get 15 bucks per contract for a 7/17 $5 call.  Still selling it at that price?

I sold October $.85 $5 calls.  If they get exercised I’m pretty close to even.  If not, I’ll look to sell another a few months out and rinse and repeat.  Be happy to get out close to even all things considered...even with money wrapped up for half a year or more...

 

[Chaz McNulty]

I hope to be wrong, but I’m mentally prepared for some people to take profits.

I think a lot of investors are long on CYDY.  I don't think you will see profit taking until an event happens that impacts the stock price.

 

[FreeBaGeL]

I mean what is priced into these things already? So far, DKNG has 7 states where it operates in and is a $12bn stock. Does 60 games of baseball move the needle? PENN doesn't even have an app yet. I wonder what happens when the folks investing in these companies take their money out to actually bet on sports. Will be this interesting conundrum when they go from betting on stocks to betting on sports and end up losing money on the betting stocks. 

This would all make sense in 2016.  But it's 2020 and half the world has Robinhood and is looking for expert stock analyst David Portnoy's advice on what to gamble their brokerage accounts on.

You're damn right 60 games of baseball is going to move the needle.

 

[hooter311]

This would all make sense in 2016.  But it's 2020 and half the world has Robinhood and is looking for expert stock analyst David Portnoy's advice on what to gamble their brokerage accounts on.

You're damn right 60 games of baseball is going to move the needle.

If you put your tin foil hats on for a minute, maybe Wall Street knew that giving Portnoy $100 million in the Penn deal and plastering him all over Cramer and CNBC right before the cancellation of sports was going to direct him to one outlet to start throwing cash around?  Wherever Dave goes, the stoolies follow.  Their effect on the retail markets right now shouldn't be underestimated and there isn't any technical analysis being done on Dave's end from what I can tell, he is just fading buffet and playing storylines.  I'm sure its great for content and he can afford it at the moment, but I don't see this ending well.

Shutting down sports was definitely in Wall Street's best interest.  I personally hhave never felt more American than the early days of the epidemic when I was playing  newly offered unders of cruise stocks through an off shore book instead of shorting the US markets...

Done rambling, I'll go back to listening quietly.

 

[fantasycurse42]

Gold firmly rejected heading to 1800

 

[Golf Guy 69]

I hope to be wrong, but I’m mentally prepared for some people to take profits.

#notselling. 

 

[fantasycurse42]

#notselling. 

This is like our Chet battle cry as we march onto the field with swords drawn!

NOTTTSELLLLLLLLLINGGGGGG!!!!!

 

[BassNBrew]

Gold firmly rejected heading to 1800

Sold the small stake I bought 25.61 for 25.69 pre-market.  Will look to acquire lower.

 

[stbugs]

Looks like a down day, but AMZN keeps on trucking. I thought this was an interesting article since earlier during CV it was announced that Amazon wasn’t moving this way for now. That huge shipping cost would be amazing if they can reduce it and turn it into even a break even profit center because that current cost to the bottom line would be huge.

https://www.fool.com/investing/2020/06/24/in-midst-turmoil-amazon-flipped-delivery-switch.aspx

 

[fantasycurse42]

Sold the small stake I bought 25.61 for 25.69 pre-market.  Will look to acquire lower.

You should just get out of the way until it clears 1800 and closes above. The moves are going to come quick and ferocious. It dropped $20 in like 20 minutes this morning, that’s a powerful move for gold. This is a battle zone and the bears know around here is an area that has to hold or it’s a smooth ride to around 1900 (that’s where the ultimate battle takes shape). I’m actually debating going long the futures contract once it’s above 1800 (although my investment in gold has been so aggressive, IDK if I should add more). 

 

[BassNBrew]

You should just get out of the way until it clears 1800 and closes above. The moves are going to come quick and ferocious. It dropped $20 in like 20 minutes this morning, that’s a powerful move for gold. This is a battle zone and the bears know around here is an area that has to hold or it’s a smooth ride to around 1900 (that’s where the ultimate battle takes shape). I’m actually debating going long the futures contract once it’s above 1800 (although my investment in gold has been so aggressive, IDK if I should add more). 

Thanks for the advice.

 

[CR69]

Well I'm in for a nibble on CYDY

 

[CR69]

Already up $6, should I sell?

 

[CGRdrJoe]

After 1 minute 4.50 after 3 minutes 4.75!!!

 

[sporthenry]

After 1 minute 4.50 after 3 minutes 4.75!!!

If it sticks to the game plan,, will rise for the first 15 minutes then stop. That does seem to be a fund accumulating. Likely averaging in, so can only buy so much per day. Probably not the most sophisticated fund in terms of trading. 

 

[PennState-JD]

PLUG on a tear lately 

 

[CR69]

@sporthenry

Check out PENN...

 

[cosjobs]

PUT (FSLY) FASTLY INC CL A JUN 26 20 $63.5 

PUT (HAL) HALLIBURTON CO COM JUN 26 20 $11

PUT (HAL) HALLIBURTON CO COM JUL 17 20 $9 

PUT (DKNG) DRAFTKINGS INC COM JUL 02 20 $35.5

Also a large stake in UVXY

 

[cosjobs]

PLUG on a tear lately 

dayum. You have a position?

 

[beef]

PUT (FSLY) FASTLY INC CL A JUN 26 20 $63.5 

PUT (HAL) HALLIBURTON CO COM JUN 26 20 $11

PUT (HAL) HALLIBURTON CO COM JUL 17 20 $9 

PUT (DKNG) DRAFTKINGS INC COM JUL 02 20 $35.5

Also a large stake in UVXY

Forgot your PUT strategy.  Do you buy or sell these?

Not to tail.  Just curious to learn other's strategies.

 

[cosjobs]

Forgot your PUT strategy.  Do you buy or sell these?

I buy the lower position, "putting" at the lower price shown

 

[sporthenry]

@sporthenry

Check out PENN...

Yeah, I mean yesterday was way overdone. Just upset I didn't push more into puts/shorts. Now you probably get the same day traders pushing it down. Would like to see it get back down to the $31 range and just completely reject the move yesterday. 

 

[cosjobs]

It was unrealistic for FSLY to continue its march wonder if this is a temporary pattern and it will continue on its way to $100.....I have both FSLY and NKLA and will be interesting who gets to 100 first.

Teh way it went south toward the close made me decide to do a short term put. I really like the stock, but think it outran the coverage.

 

[CR69]

Yeah, I mean yesterday was way overdone. Just upset I didn't push more into puts/shorts. Now you probably get the same day traders pushing it down. Would like to see it get back down to the $31 range and just completely reject the move yesterday. 

I'm hoping for the same of course. I'm green on the puts I bought yesterday but still down a bit from the ones I bought on Monday lol. 

 

[stbugs]

Welp, CYDY and CRNC are my only green stocks now. Had a bunch up at opening but all others red now. Still up on the market but down overall.

 

[cosjobs]

If the market gets much lower today, I expect Munchin will step in with a few trillion and kill my shorts

 

[CGRdrJoe]

If it sticks to the game plan,, will rise for the first 15 minutes then stop. That does seem to be a fund accumulating. Likely averaging in, so can only buy so much per day. Probably not the most sophisticated fund in terms of trading. 

Screw the game plan 4.92

 

[Breezy H2O]

I'm just riding the wave. Adding dividend stocks while things are uncertain. DHT is my current go to. Oil tanker company, submarines or some bull. Last conference call was impressive

I wanted growth but got smacked around in late May. Just going to passively continue to add dividend stocks to mitigate some of these heavier swings.

 

[fantasycurse42]

NOTTTSELLLLLLLLLINGGGGGG!!!!!

 

[stbugs]

Teh way it went south toward the close made me decide to do a short term put. I really like the stock, but think it outran the coverage.

It’s back up a little.

Never mind LOL. All my tech stocks are hovering not down too much or a little positive. I think FSLY may stop it’s upward run for a bit but I think it may be one of those flights to safety where they are still growing through this process. The Shopify/Walmart hook up should be good for them. I mean if the market blows up, all bets are off but I wouldn’t short it because I’d think if say shutdowns start up again there could be better stocks to short. I’m not great at timing so I don’t dabble there. 

 

[PennState-JD]

dayum. You have a position?

Bought awhile ago when mentioned here more than a year ago.  Also bought FCEL but sold at a loss last summer.  Held onto PLUG.  Appears the RH crowd is also noticing it. 

 

[pmedina]

CYDY only thing I have that’s green 

 

[stbugs]

Screw the game plan 4.92

Heck yeah! I’m positive overall on the day and it is 100% due to CYDY. Not selling at all but damn if I’m not tempted just based on the real money I’m up.