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Stock Thread (56 Viewers)

Capella said:
GD it I may have to buy some Tesla soon 
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I still don’t like Tesla quite yet. I just want CYDY to be done one way or another so I can use that money if there’s a bigger dip. I’m sure I’ll get buzzed a bit until earnings get through fully. I think tech will likely be the only actual good ones not beating earnings because forecasts are so low even though revenue dropped 90%.

Some of my stocks went up 20%+ in short order after great Q1 earnings so it’s hard for me to sell anything before earnings. You can miss a huge move in a couple days.

 
So I was looking through ETF's earlier this week. Decided I like three: $PXJ / $USOI / $SOXS

$PXJ is an Invesco Dynamic Oil and Gas Services ETF

$USOI is a Credit Suisse Crude Oil shares covered call ETN

$SOXS is a Direxion Semiconductor 3X Bear ETF

Ended up opening positions in the first two. After yesterday's Intel news, I decided that I would either buy some shares of Intel or the bear ETF. Well now I won't be getting into $SOXS because I don't want to be a bear on my $INTC position  :lmao:

 
It is the norm where between 15 to 45 minutes into the day is the best time to be a buyer for most things?

I am new to this, and realize these are strange times, but this seems to be the case......for more than just BLMN.

 
ghostguy123 said:
It is the norm where between 15 to 45 minutes into the day is the best time to be a buyer for most things?

I am new to this, and realize these are strange times, but this seems to be the case......for more than just BLMN.
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I realize this isn’t much of an answer but there’s an old saying often used when talking about various investing strategies “It works until it doesn’t.”

 
I'm as bullish on gold as anyone and it has absolutely done me right. With that, I think we take a breather here right around the ATH before the next leg up. 

 
ghostguy123 said:
It is the norm where between 15 to 45 minutes into the day is the best time to be a buyer for most things?

I am new to this, and realize these are strange times, but this seems to be the case......for more than just BLMN.
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I am new to this as well, and if I had to guess people like us have some extra time on their hands and this gives us something to do and watch more than we would have normally.

Thus, we aren't as savvy as others, so folks like us would tend to be more trigger happy than someone who has done this for awhile. 

One thing I've learned already is that patience is your friend. Until it isn't. 

 
stbugs said:
I still don’t like Tesla quite yet. I just want CYDY to be done one way or another so I can use that money if there’s a bigger dip. I’m sure I’ll get buzzed a bit until earnings get through fully. I think tech will likely be the only actual good ones not beating earnings because forecasts are so low even though revenue dropped 90%.

Some of my stocks went up 20%+ in short order after great Q1 earnings so it’s hard for me to sell anything before earnings. You can miss a huge move in a couple days.
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Take it to the echo chamb....er......CYDY thread. 

:P

 
And just like that I’m back to about even? Bless you day traders. I couldn’t handle that stress while working. I’ll stick to long term because this year’s volatility day to day and minute to minute would be way to stressful. 

 
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@BassNBrew

Jumped into NTNX at 21.75. This should be good for a swing trade. This stock long term is on a downward trend. However, if you look at the past 3-6 months, it typically trades in a channel between high teens/low twenties and mid twenties. I'm expecting to hold for a short time and flip at around 24. Downside is a retreat to maybe 18-19 but I don't see that in the cards. Upside is lots of chatter of them being bought out by a behemoth like IBM or Amazon (likely pumpers making stuff up, but the stock price is depressed, so could happen). I know you love quick swing trades, so this stock may be a good one for you. A few years back I rode this puppy from 17/18 up to 60+ before selling. Those days are over (company just keeps bleeding cash and losing money, can't seem to turn the corner to profitability)

 
NajehHejan said:
@BassNBrew

Jumped into NTNX at 21.75. This should be good for a swing trade. This stock long term is on a downward trend. However, if you look at the past 3-6 months, it typically trades in a channel between high teens/low twenties and mid twenties. I'm expecting to hold for a short time and flip at around 24. Downside is a retreat to maybe 18-19 but I don't see that in the cards. Upside is lots of chatter of them being bought out by a behemoth like IBM or Amazon (likely pumpers making stuff up, but the stock price is depressed, so could happen). I know you love quick swing trades, so this stock may be a good one for you. A few years back I rode this puppy from 17/18 up to 60+ before selling. Those days are over (company just keeps bleeding cash and losing money, can't seem to turn the corner to profitability)
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Thank you and keep them coming.  I will keep an eye on this.  Bought LVGO and SE and DKNG this morning on the dip and will consider this once I free up some funds.

 
Just sold the syf I bought yesterday for a 1.5% gain. It’s up and dfs is down so I’m flipping back

 
St. Louis Bob said:
Capella said:
Otis said:
Dumped out of a bunch of stuff this morning.  Just feels like another reckoning is on the horizon in the near term.  I hadn’t realized how much I made on a bunch of my ETFs like QQQ — those things have had a pretty sick run up in the past 6 months.  As someone noted above, battening down the hatches. 
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I definitely do not think this is the right decision at this point but good luck. 
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"Buy low" is only half the equation to successful investing, GB.
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ETA

Was thinking about this post and although technically correct, it was more directed at my GB @Otis since I know he has a short time frame on trades like this.  

I prefer long term investing, when possible, for example will be holding AMZN and AAPL  for the foreseeable future.  Probably my death.  My sons will have so many hookers and cocaine.

 
pecorino said:
I don't think you are missing anything here. It appears to me that NKLA has a support level at 30 so it is absolutely possible that the share price goes to $30 even as soon as July. That means you'd buy 100 shares for $12500 but you've saved $8000 in premium meaning that you've netted a loss of $1500. That's better than buying now (around $63) and watching the price shoot down to $30 for a loss of $3300. Selling puts can be like placing a limit order to purchase 100 shares, except you do get the premium. It is a strategy that many of us in here use (e.g. Bossman, though he often does NOT want to own the stock). As I've said many times, it is a safer strategy than buying 100 shares outright. NKLA premiums are just so incredibly wonky that this illustrates an extreme example. [Full disclosure: I sold a July NKLA put myself with strike price of 30 for a premium of $600 last week. I do not want to own the stock and hope it stays above that level.]
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You seem to have been pretty spot on with you NKLA analysis.  What are you current thoughts now that NKLA is hovering just above 30?  

 
St. Louis Bob said:
ETA

Was thinking about this post and although technically correct, it was more directed at my GB @Otis since I know he has a short time frame on trades like this.  

I prefer long term investing, when possible, for example will be holding AMZN and AAPL  for the foreseeable future.  Probably my death.  My sons will have so many hookers and cocaine.
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Lol I’ve been holding amz for years now. Just weird to see them start the week up 7.5 and likely end down. 

 
Worth noting that BLMN has been on this upward trend during negative market days.  Still could be some meat on the bone if the market bounces back in the next few days.

 
Walking Boot said:
I wouldn't be surprised if 90% of the normal operation fleet is parked in the garage right now, right? A lot less flights nowadays. Would suck to learn these planes fall apart after six months on the sidelines. Especially to learn it the hard way.
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Knowing absolutely nothing, I would imagine there is a process for inspecting planes before putting them back out into service.

 
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