Stock Thread (81 Viewers)

[Dwayne Hoover]

This is kind of interesting

3 BPs partnering for a trial targeting CCR5 (and CCR2)

https://www.takeda.com/newsroom/newsreleases/2020/members-of-the-covid-rd-alliance-and-quantum-leap-healthcare-collaborative-enroll-first-patients-in-i-spy-covid-trial/

Seems like there is something to what Leronlimab is doing.  When will it get some traction?  At least printed in a respected journal, please

Edit: wrong thread, still interesting

 

[ditka...mike ditka]

So I know there has been back in forth in the past on here on whether brokers are worth it or not.  I personally use a broker for money I have earmarked for retirement.  Not my 401k, I have that too and have picked mutual funds there, but other money that I tell my wife once I give it to this guy its gone til I retire.  I think he has killed it this year, but when I read this thread it seems like everyone is killing it.  So question for those who want to share:

How much is your 401k up ytd:

how much is your retirement money (not including 401k up):

how much is your play account up:

Im at

401k: 3.07% net

brokerage: 32.83% net

play: n/a just started it a month ago

 

[JetMaxx]

Anyone else take a beating today?

End of the day I broke even. Can’t complain 

 

[KGB]

ABT

in for 100 shares @ $111.86 this AM

 

[KGB]

Now what is probably my most boring core holding is popping like it’s Sea Limited after hours:

A 15-minute Covid test from Abbott Laboratories that will be priced at just $5 has been granted emergency authorization for use in the U.S., a breakthrough that could ease the bottleneck that has crimped much of the nation’s testing capacity.

Went up to $115 before the AH session ended (after closing at $103 during the day.)

That seems a bit overdone but I don’t know how much it costs to make them.

Got in this AM.  Thanks.  Surprised not more love for this.  Great covid play

 

[McBokonon]

Got in this AM.  Thanks.  Surprised not more love for this.  Great covid play

Hope it works out for you! Like I said I thought the pop was surprising but people seemed really excited about it. Whatever happens it’s a good long term hold.

 

[BassNBrew]

So I know there has been back in forth in the past on here on whether brokers are worth it or not.  I personally use a broker for money I have earmarked for retirement.  Not my 401k, I have that too and have picked mutual funds there, but other money that I tell my wife once I give it to this guy its gone til I retire.  I think he has killed it this year, but when I read this thread it seems like everyone is killing it.  So question for those who want to share:

How much is your 401k up ytd:

how much is your retirement money (not including 401k up):

how much is your play account up:

Im at

401k: 3.07% net

brokerage: 32.83% net

play: n/a just started it a month ago

It's all one in the same for me.

48.04% thanks to this thread and taking things into my own hands.

 

[guru_007]

how much is your play account up:

I have so many accounts (not entirely my fault, but not an optimal strategy) but this got me curious.  All of my accounts are self-directed.

Roth IRA -3.2% (knew this one would be down , and am happy with this result -  holdings in NLCH and MMM not helping the cause)

IRA +6.36% (about 60% are index funds)

Brokerage acct +24.26% (happy with this tbh honestly)

I also have a 401K acct which is up 3.2% this year which offsets my Roth losses I guess.

All things considered, I'm happy with the account performances, but moreso that I've been disciplined to stay the course, buy when things were bad and not go crazy selling off positions.  My 1 year performances are actually quite better, with my brokerage acct over 40% and IRA just shy of 18%.  Years ahead of retirement schedule and if things don't go to crazy I'm out of the grind about 3 years before what I thought in my wildest dreams. Of course, now we're heading to the mother of all corrections

 

[BassNBrew]

I have so many accounts (not entirely my fault, but not an optimal strategy) but this got me curious.  All of my accounts are self-directed.

Roth IRA -3.2% (knew this one would be down , and am happy with this result -  holdings in NLCH and MMM not helping the cause)

IRA +6.36% (about 60% are index funds)

Brokerage acct +24.26% (happy with this tbh honestly)

I also have a 401K acct which is up 3.2% this year which offsets my Roth losses I guess.

All things considered, I'm happy with the account performances, but moreso that I've been disciplined to stay the course, buy when things were bad and not go crazy selling off positions.  My 1 year performances are actually quite better, with my brokerage acct over 40% and IRA just shy of 18%.  Years ahead of retirement schedule and if things don't go to crazy I'm out of the grind about 3 years before what I thought in my wildest dreams. Of course, now we're heading to the mother of all corrections

Corrections only benefit you.  Since I'm not withdrawing for a while I'd be fine with a 95% drop.

 

[stbugs]

It's all one in the same for me.

48.04% thanks to this thread and taking things into my own hands.

I'm at 66% for the year for all my non-401ks (80%+ of my accounts). A lot of good gains, but Amazon definitely drove a lot of the gains as our top holding since it's up 84% YTD.

401ks up 8% YTD, which is pretty solid, but luckily they are much smaller than my main accounts.

 

[BassNBrew]

I'm at 66% for the year for all my non-401ks (80%+ of my accounts). A lot of good gains, but Amazon definitely drove a lot of the gains as our top holding since it's up 84% YTD.

401ks only up 8% YTD, but luckily they are much smaller than my main accounts.

Congrats.  That's a life changer.

All I have is 401K accounts.  Might need to consider something else but then I would have to hold stocks.

 

[Punxsutawney Phil]

I'm at 66% for the year for all my non-401ks (80%+ of my accounts). A lot of good gains, but Amazon definitely drove a lot of the gains as our top holding since it's up 84% YTD.

401ks up 8% YTD, which is pretty solid, but luckily they are much smaller than my main accounts.

Do you have lousy choices in the 401k or make more conservative selections?  I always thought maxing the 401k and ira out was the way to go for tax benefits.  Unless you have a really bad 401k plan without many options.

 

[Tool]

Corrections only benefit you.  Since I'm not withdrawing for a while I'd be fine with a 95% drop.

If the market dropped 95%, assuming a 10% annual return every year thereafter, it would take 32 years to get back to your original position.

 

[stbugs]

Do you have lousy choices in the 401k or make more conservative selections?  I always thought maxing the 401k and ira out was the way to go for tax benefits.  Unless you have a really bad 401k plan without many options.

S&P 500 is up just under 8% this year so I’m right about market average. Vanguard total market is up 6.7%. My 401ks are pretty much indexes so they are going to track the market. If you look above most 401ks aren’t getting huge returns because they are mainly index type funds. I’ve never had a 401k have individual stocks as options. I’m OK with market returns in my 401ks that’s my much more conservative part of my portfolio.

 

[stbugs]

If the market dropped 95%, assuming a 10% annual return every year thereafter, it would take 32 years to get back to your original position.

Yeah, I don’t want a 95% drop. I have some cash, but the % has gone way down with some early June buys and stocks going up making it smaller. A 95% drop is obviously an exaggeration but that would signal WW3 or a date with a Rhode Island sized meteor or Skynet being aware.

 

[stbugs]

Congrats.  That's a life changer.

All I have is 401K accounts.  Might need to consider something else but then I would have to hold stocks.

Honestly has been. I wish I had gone all in at the start of 2018 instead of early 2019. That’s when I actually started buying stocks. The same names I got recommended were way lower at the start of 2018. That would have a true life changer like definitely retiring early. Right now still feeling way more comfortable about retirement, which is a nice feeling with 1 in college and two more to go. It’d be nice to have a pension or real estate income to know you already have a steady stream of income. I definitely envy those guys. Here’s to Amazon $5000!

 

[beef]

Yeah, I don’t want a 95% drop. I have some cash, but the % has gone way down with some early June buys and stocks going up making it smaller. A 95% drop is obviously an exaggeration but that would signal WW3 or a date with a Rhode Island sized meteor or Skynet being aware.

Skynet.  What do you think this "5G" stuff is really about?    

 

[beef]

DHHC looking like it'll have another active day.  Premarket 18.60.  

 

[BassNBrew]

If the market dropped 95%, assuming a 10% annual return every year thereafter, it would take 32 years to get back to your original position.

It recovered from the 30% drop in 5 months so I'm assuming 1.5 years.

Drops are just buying opportunities.  The more of them the better.  I'm sure many guys here would love to see a drop each month the day before there 401k funds are invested.

 

[BassNBrew]

Anyone still left in LCA?  @stbugs?  Does anyone remember why we bought it and what the goal/exit is?

 

[McBokonon]

Anyone still left in LCA?  @stbugs?  Does anyone remember why we bought it and what the goal/exit is?

I don’t know why you bought it but that’s the SPAC that’s merging with Golden Nugget. Probably bought it around DraftKings hype, sports returning, online gambling, etc

 

[beef]

Anyone in $FVAC, it's a SPAC for MP Materials, rare earths mining company?  My knowledge is limited to a few articles talking about the FVAC merger and Pentagon deal for rare earths in hopes to keep money out of China.  It's an industry I've wanted to throw a little money at for a long term long shot. 

This one is finally showing a little life today.  Only news I see is the filing of form S-4, Registration Statement in connection with MP Materials merger.  Which was reported yesterday morning.  

Edit:  And the life may be over.  Back to the 12's after hitting 13.50.  

 

[stbugs]

Anyone still left in LCA?  @stbugs?  Does anyone remember why we bought it and what the goal/exit is?

Not me, got enough in SPACs and honestly I want to keep some cash.

 

[BassNBrew]

I don’t know why you bought it but that’s the SPAC that’s merging with Golden Nugget. Probably bought it around DraftKings hype, sports returning, online gambling, etc

I bought it because one of you guys said t buy it and made sense at the time.

Not me, got enough in SPACs and honestly I want to keep some cash.

I kind of consider them cash.  Isn't the downside $10?

 

[stbugs]

I bought it because one of you guys said t buy it and made sense at the time.

I kind of consider them cash.  Isn't the downside $10?

Yeah, but most of my cash is in a taxable account. Any gains are hit hard if sold before a year so not quite the same as cash.

Also, no the downside is not $10. If the merger goes through there is no floor for the stock. $10 is the floor if merger is called off. 

 

[BroadwayG]

Trimmed 1/3 of my BLMN. (about 13.65)

And a 2nd 1/3 over 14

 

[BassNBrew]

Trimmed 1/3 of my BLMN.

Thanks for the heads up.  31% gain  

I hope we get to do the dance again.

 

[BassNBrew]

maybe DKNG is the new Blooming.  Down 4% today.  It often rebounds quickly.

eta: Dripping in additional shares.  Already have a position, just buying back what I told in recent days.  Not going all in as this stock has shown the ability to drop into the low 30s.

 

[ChiefD]

Man, GBTC is like a yo-yo. If I was a day trading fool I'd buy it every other day.

Seems like it drops .40, then pops .40 the next day. I feel like this has been a pattern for the last few weeks.

 

[BassNBrew]

Man, GBTC is like a yo-yo. If I was a day trading fool I'd buy it every other day.

Seems like it drops .40, then pops .40 the next day. I feel like this has been a pattern for the last few weeks.

Just stay away from ETHE unless you enjoy setting 100 dollar bills a fire.

 

[Buckna]

$14 in play for BLMN, maybe even a break above the highs a few months ago in June

 

[ChiefD]

Just stay away from ETHE unless you enjoy setting 100 dollar bills a fire.

I've already lit my 100 dollar bills on fire with CYDY.  

 

[Sand]

Why are bonds down last week or so. My Vangaurd bond funds are losing .10-.15% per day and EDV is taking a beating. Someone who understands macroeconomics better than me, please explain. Thanks in advance. 

Yeah - The Fed announced that it's moving to a new scheme to raise inflation called average inflation targeting.  This would allow the Fed to let inflation rise well above the average to get the average up.  So long bonds are reacting with higher rates and driving your fund price down.

As this article notes, there is precedent in history for the Fed to have to hold rates at zero for 42 years to achieve this average.  Yikes.  

@ren hoek and I have had some good discussions about inflation and deflation.  He always has an interesting perspective.  Hey Ren, what do you think of the big guns being fired here to try and slay deflation?  Talk about wealth inequality growth.

 

[Don Hutson]

Chet posted this Proactive Investors video about MGCLF yesterday comparing it to CYDY.  They're another small biotech company with a Covid drug that they say has promising results.  Their stock is up 42% today but with only 50,000 shares traded.  50,000 shares is $1,350 worth of stock.  It might be a fun stock for you gambly types.

 

[BassNBrew]

Chet posted this Proactive Investors video about MGCLF yesterday comparing it to CYDY.  They're another small biotech company with a Covid drug that they say has promising results.  Their stock is up 42% today but with only 50,000 shares traded.  50,000 shares is $1,350 worth of stock.  It might be a fun stock for you gambly types.

I'm beginning to think we all will have been infected by the time anything gets approved.

 

[beef]

Chet posted this Proactive Investors video about MGCLF yesterday comparing it to CYDY.  They're another small biotech company with a Covid drug that they say has promising results.  Their stock is up 42% today but with only 50,000 shares traded.  50,000 shares is $1,350 worth of stock.  It might be a fun stock for you gambly types.

MGC Pharmaceuticals Limited, formerly Erin Resources Limited, is a medical and cosmetics cannabis company. 

Damn, I knew I should have just been getting baked this whole time.  @General Malaise when is the next syrup batch party?  I want to come.

 

[One]

Sold all my BLMN at $14.05. 

:happybanana:

 

[ChiefD]

Chet posted this Proactive Investors video about MGCLF yesterday comparing it to CYDY.  They're another small biotech company with a Covid drug that they say has promising results.  Their stock is up 42% today but with only 50,000 shares traded.  50,000 shares is $1,350 worth of stock.  It might be a fun stock for you gambly types.

500 shares for $10? Why not? 

 

[NajehHejan]

NTNX up big today on several  things - earnings beat (still a loss), revenue beat, CEO leaving (he stinks), and Bain Capital investing $750 million. I was holding from 21/22 looking to flip at 24/25 but I think I'm going to ride this one out - hovering just under 28 right now. I don't think Bain is in this to lose (their notes are convertible at 27+ per share, and I don't think they're looking to just break even). I'm gonna stick with the big money and hope this thing hits $40 before too long. 

 

[beef]

MGM laying off 18,000 employees.

 

[Caesar]

500 shares for $10? Why not? 

I lost a few hundred at the casino last week in about an hour.  At least if it goes bankrupt, it will take some time.

IN!!

 

[Sand]

I lost a few hundred at the casino last week in about an hour.  At least if it goes bankrupt, it will take some time.

IN!!

Fidelity wanted a $50 fee for a $20 order.  Bah humbug.

 

[beef]

I lost a few hundred at the casino last week in about an hour.  At least if it goes bankrupt, it will take some time.

IN!!

LOL, did you buy 5k?  I just saw the volume move from 55k to 60.7k.

Are you getting hit with OTC fees or any foreign exchange costs?  

 

[beef]

Fidelity wanted a $50 fee for a $20 order.  Bah humbug.

I was wondering about that since it's an Australian company.

 

[stbugs]

@BassNBrew Do you still have OPES? I’ve still got a little and honestly, it hasn’t had anywhere near the run up lately of some of the other restaurants. Might be a decent buy here since it’s been kind of ignored. Should have sold it all at $20 but oh well. SHAK is up 20% this week seems like OPES should be tracking that, but it’s flat.

I’ve got two more SPACs that haven’t announced anything but are more tech slanted (they did SPCE) and still have FMCI, which I actually like long term and has done pretty well. I need to keep some non tech stuff.

 

[Caesar]

LOL, did you buy 5k?  I just saw the volume move from 55k to 60.7k.

Are you getting hit with OTC fees or any foreign exchange costs?  

I won't see the foreign transaction fee until Monday or Tuesday.  For TD, its $15 if there is one. 

 

[beef]

I won't see the foreign transaction fee until Monday or Tuesday.  For TD, its $15 if there is one. 

Thanks.  I use TD too, and got that $15 fee on RLFTF.

 

[Don Hutson]

Fidelity wanted a $50 fee for a $20 order.  Bah humbug.

It's $50 on Schwab, too.  I called Schwab trying to get the fee eliminated but the representative said no way.  I've now given them about $500 in fees for my RLFTF trades.

 

[Caesar]

Thanks.  I use TD too, and got that $15 fee on RLFTF.

I have a gambling spirit.  At least my "hold" stocks are up a bit today.  

INTC finally crawling out of the grave on a little news.

 

[stbugs]

MGM laying off 18,000 employees.

Not surprising and not good. Some of these stocks that have popped seem a little stretched. All this online gambling feels like the Cannabis stuff. There was talk a pout how many billions that market was and the stocks have not done well after that first wave. Wondering if this online gambling will be similar where the addressable market will be way overstated. There was an article about how illegal weed sales aren’t going away and are cheaper. They aren’t going to give up the fight. Online gambling might be similar. Are people really going to gamble more once their gains/mainly losses are all tallied up for them in an app and it’s way easier for the wife to see what’s going on since funds will have to go through debit/credit cards.

You can go into a casino and gamble and it’s an experience. I’d do that but I won’t ever gamble in an app. Just some thoughts, especially when I see PENN’s revenue lose 93% in a quarter and the stock is hitting ATHs.