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#4,376
#4,376
Thunder Good-Oil said:
Oil stocks are still wacked. But oil is still cheap. Some can double quickly if the economy ever gets back on the tracks.

Stocks will be crushed if Biden wins in 4 months. IMO healthcare and oil would be damaged. Financials might hold up as interest rates could rise. I don't know if I heard somebody speculating or if it's part of Joe B's economic plan, but they were suggesting that long term capital gains should be taxed as ordinary income. That would destroy equity values.
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I want Biden to win but I do want the Republicans to keep control of the Senate. I think that kind of political gridlock would be the best for the country. From an economic prosperity point of view, the years when Clinton and Obama didnt have control of Congress were prosperous years.
 
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#4,377
#4,377
VolAllen said:
Tesla is way too high. I see 100 Fords to 1 Tesla. They’re not Ford.

One I can’t decide on is Chewy. I’m torn. Moving forward, is it a $20 stock or is it a $100 stock?

I feel like there’s a lot more retail dollars in this market than people think. Sure, some of it may be stimulus money. But I personally know a lot of people that started trading when they went into quarantine and they couldn’t open their restaurants or other businesses. The government is definitely propping it up, but there’s nothing “propped up” about Spirit at $17. It was consistently $45-55 for years. And the same can be said for MGM, CCL, MFA, etc...
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TSLA and CHWY - Dont get the valuations. Both are good companies but I dont get the valuations (especially TSLA).

SAVE - They did dilute their equity big time to get liquidity so I don't think you can view it as a $55 stock once things recover. With the dilution, it's probably worth $35-$40 once recovered. That's double where it's at now. I like LUV more but that's preference.

CCL - My fave of the 3 cruise stocks. Just like other travel/lodging plays more now.

MGM - Balance sheet is warped so some concerns if this drags out a while. Like the industry in next 24 months- LVS and WYNN are 2 holdings.
 
#4,378
#4,378
BigOrangeMojo said:
I want Biden to win but I do want the Republicans to keep control of the Senate. I think that kind of political gridlock would be the best for the country. From an economic prosperity point of view, the years when Clinton and Obama didnt have control of Congress were prosperous years.
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The economy, IMO, has a pretty long lag between sound policy and resulting good growth. But it can crash immediately... whether due to variables that are controllable (trade and tariffs, fiscal and tax policy) or not (Rona, energy, aggressive radicals in power). I prefer Trump's approach with the economy. I fear more globalists stealing or taking advantage of us if we take a different course. Pushing back on China is a long term affair. Bowing down to them helps in the near term and destroys our economy in the long run (IMO).

Trying to focus on the potential state of the world rather than debating the politics.
 
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#4,379
#4,379
Thunder Good-Oil said:
The economy, IMO, has a pretty long lag between sound policy and resulting good growth. But it can crash immediately... whether due to variables that are controllable (trade and tariffs, fiscal and tax policy) or not (Rona, energy, aggressive radicals in power). I prefer Trump's approach with the economy. I fear more globalists stealing or taking advantage of us if we take a different course. Pushing back on China is a long term affair. Bowing down to them helps in the near term and destroys our economy in the long run (IMO).

Trying to focus on the potential state of the world rather than debating the politics.
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I dont care who is President as long as the other party controls Congress (especially the Senate). The federal government that does best is usually one that is gridlocked...

Youd think that Ginsburg on the SC will have to retire soon. That would be interesting. I'd love another Roberts on the bench since the other 8 are largely partisan hacks. Need more independence in the SC.

Not intended to be an R VS D discussion but more observation that country usually does better economically when you dont have 1 party in charge of all branches of govt. A Biden win with R's maintaing Senate control would likely not result in huge selloff this November.
 
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#4,380
#4,380
BigOrangeMojo said:
I dont care who is President as long as the other party controls Congress (especially the Senate). The federal government that does best is usually one that is gridlocked...

Youd think that Ginsburg on the SC will have to retire soon. That would be interesting. I'd love another Roberts on the bench since the other 8 are largely partisan hacks. Need more independence in the SC.

Not intended to be an R VS D discussion but more observation that country usually does better economically when you dont have 1 party in charge of all branches of govt. A Biden win with R's maintaing Senate control would likely not result in huge selloff this November.
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Yes, I think that all of the power in one party wouldn't be ideal. I see SCOTUS as more about social matters than economic. If Ruth BG were to step down now it would be more about affecting the election than anything else. No way Trump could push through her replacement before November.
 
#4,381
#4,381
I wish that everybody could pull in the same direction. The Chinese Communist Party and globalists are the real enemies in my view. Capitalism trumps socialism and communism, but the middle class needs to be the group in power.

Well, back to the equity markets. Wonder where SAVE goes the rest of the week.
 
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#4,382
#4,382
Thunder Good-Oil said:
I wish that everybody could pull in the same direction. The Chinese Communist Party and globalists are the real enemies in my view. Capitalism trumps socialism and communism, but the middle class needs to be the group in power.

Well, back to the equity markets. Wonder where SAVE goes the rest of the week.
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Save is tee’d up perfectly now for a good guidance report and earnings next week. Terrible earnings are obviously priced in, however less than terrible earnings could move it a bit. I think it sees $25 again in the very near term.
 
#4,384
#4,384
Quaint88 said:
I decided to try my hand at day trading and/or something in between that and the buy and hold strategy I'm using for my Roth IRA. I put around $50 in a TD Ameritrade account and around $90 in a Robinhood account to get me started. I thought I would like RH better, but TDA definitely has better automated trading tools. The big draw to RH for me was partial shares in companies with high share prices, but you can only do market orders for them, which means time spent hovering over the buy/sell button to get the desired price. RH also doesn't have conditional orders (at all), which is invaluable for limiting risk while day trading. On TDA, I can set a limit order that triggers an OCA (one cancels another) order to sell if the price rises enough to sell or falls enough for me to decide I was wrong about the price direction. I'm using the 1 percent rule (sell if the position loses 1 percent of my account balance, sell if it gains 2% of my account balance), and the automated trading makes it easy to set up and check on later.

I think I'm going to use TDA for my true day trading and more speculative medium-term trading, and use RH for medium-term trading on companies that I'm sure will make me money if I hold long enough. RH just doesn't have the tools to deal with anything that needs to be babysat.
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Download TD think or swim on your pc. Has some of the best charting and scanner tools available.
 
#4,387
#4,387
Thunder Good-Oil said:
I wish that everybody could pull in the same direction. The Chinese Communist Party and globalists are the real enemies in my view. Capitalism trumps socialism and communism, but the middle class needs to be the group in power.

Well, back to the equity markets. Wonder where SAVE goes the rest of the week.
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You absolutely nailed this! The Chinese and Communists are America’s biggest threat! America is in a fight for its very existence right now, with Trump and if Biden wins.
 
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#4,390
#4,390
BigOrangeMojo said:
I loved Docusign and Zoom but I took profits. The valuations were nuts. Pruned a little bit of SQ as well but I can at least wrap my head around that valuation slightly.

And don't get me started on Tesla.
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Sold SQ a few weeks ago. Kept SHOP, will sell 60%today most likely. Sold Tesla a few weeks ago except for two shares.

It's capital preservation for me. I TRy to keep up with technology including medicine, and buy quality.
 
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#4,393
#4,393
So very tired of bag holding on SAVE. Definitely gonna sell today. Hopefully we see $20 so I can actually make money.
 
#4,394
#4,394
Carp said:
So very tired of bag holding on SAVE. Definitely gonna sell today. Hopefully we see $20 so I can actually make money.
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Had you averaged down in the $15’s a few days ago, you’d be sitting with a $17 average and in the green.
 
#4,395
#4,395
mr.checkerboards said:
Also. For those in IDEX still a lot of faith on stocktwits we see 1.75 tomorrow
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IDEX moving PM. Looks like a good green day for it. Really hope Alf ends his hiatus and sends this to $3+.

Also, GNUS moving with rumors of a PR today. CEO teased last week that a major African American star would be teaming up with them on a project, but could not reveal who just yet. Also, the KARTOON app is due to be released on IOS, so that would also give it a little boost.
 
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#4,396
#4,396
VolAllen said:
Had you averaged down in the $15’s a few days ago, you’d be sitting with a $17 average and in the green.
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I didn't have the funds then to average down enough. I'm bag holding a 19.83 with 25 shares. I would have had to put in another $1000 @ 16.00/share just to get my average down close to $17
 
#4,397
#4,397
Carp said:
I didn't have the funds then to average down enough. I'm bag holding a 19.83 with 25 shares. I would have had to put in another $1000 @ 16.00/share just to get my average down close to $17
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I sold yesterday at 16.95 and then bought back at 16.80. Acquired some free shares. This is another way to play if you’re swinging.
 
#4,398
#4,398
VolAllen said:
I sold yesterday at 16.95 and then bought back at 16.80. Acquired some free shares. This is another way to play if you’re swinging.
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I thought about that too, but selling below $17 is a pretty decent loss and not guaranteed to get it back. I feel confident it's going to $20 again at some point, but will it be this month or 3 months from now? I don't mind selling in the 18's and letting it pull back to get back in.
 
#4,399
#4,399
Carp said:
I thought about that too, but selling below $17 is a pretty decent loss and not guaranteed to get it back. I feel confident it's going to $20 again at some point, but will it be this month or 3 months from now? I don't mind selling in the 18's and letting it pull back to get back in.
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Yea if I’m down like that, I’ll normally play the wave, sell in the morning, buy back around 10-10:30 when it seems to have bottomed, more shares, and a lower average.
 
#4,400
#4,400
Like right now. 18.30-18.40 it appears stuck. I might sell at open and buy the dip when it touches $18 if momentum seems lost.
 
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