All things STOCKS

#4,826
#4,826
ButchPlz said:
In the end I am simply incredibly suspicious of any claim that stimulus checks are really having a big impact on most small businesses. I don't think the benefits are as much as many people want to claim.
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Well, I’m here to tell you that you’re wrong on that. I don’t know where you live, but where I’m at I see people going out and spending as usual. That extra money allows people to continue to have their dogs groomed, their lawns mowed, their houses painted, their hair cut, etc etc...
 
#4,827
#4,827
Carp said:
The flip side is that you are putting thousands of people on unemployment from a industry that is currently struggling.
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You're just imagining that. They don't even cancel flights when they go bankrupt. They just issue new stock, give the stock to the bondholders and roll back from the gate. You don't realize how common it is. Occasionally one will stop flying, and that did for instance eliminate Eastern, Pan Am, and TWA. That was a long time ago.
 
#4,829
#4,829
ButchPlz said:
In the end I am simply incredibly suspicious of any claim that stimulus checks are really having a big impact on most small businesses. I don't think the benefits are as much as many people want to claim.
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Fair point. There are a lot of variables involved. The $600 unemployment bonus probably helped small business more than a 1 time stimulus check; however, I would suspect that money probably isn't going as much to higher end businesses. I own both Darden and Bloomin. That's why Darden's lower end brands (Olive Garden, Cheddars) are doing much better than their higher end brands (Capital Grill) now and why Bloomin's lower end brands (Outback) and doing much better than higher end brands (Flemings).

By the way, I hope you all are doing well up there.
 
#4,830
#4,830
So I laugh at the day trader experts - not on this board as I actually had a great amount of help. I was pointed towards a few people on twitter and I watched them give out advice of a stock then advise to purchase the dips and then take the credit when they rebound to half of what they were supposed to be.

Example: A guy buys a stock for $10/share. He puts in $10k and watched the stock dip to $7/share and said to be patient and hold on to it. He now watches the stock go up to $8/share and says I told you it would go up. I may have taken only intro to economics but...I think that math might be off
 
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#4,831
#4,831
LIvol said:
So I laugh at the day trader experts - not on this board as I actually had a great amount of help. I was pointed towards a few people on twitter and I watched them give out advice of a stock then advise to purchase the dips and then take the credit when they rebound to half of what they were supposed to be.

Example: A guy buys a stock for $10/share. He puts in $10k and watched the stock dip to $7/share and said to be patient and hold on to it. He now watches the stock go up to $8/share and says I told you it would go up. I may have taken only intro to economics but...I think that math might be off
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Bro, seriously. And people like “stanthetrsdingman” (who I actually know personally) just recycle everyone else’s calls. They just pump to private paid rooms and then bounce on the initial run up and leave all their followers bag holding.
 
#4,832
#4,832
TheColdVolTruth said:
That's annualized. I didn't capture the whole formula in the screenshot. I opened the account in 2012 with $10k. I haven't made any further contributions to this account, and it outran my indexed 401k a few years ago. This account sits at $760k this morning. It's been a lot of fun.
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A 7600% return in 8 years.......Hmmm.....
 
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#4,833
#4,833
LIvol said:
So I laugh at the day trader experts - not on this board as I actually had a great amount of help. I was pointed towards a few people on twitter and I watched them give out advice of a stock then advise to purchase the dips and then take the credit when they rebound to half of what they were supposed to be.

Example: A guy buys a stock for $10/share. He puts in $10k and watched the stock dip to $7/share and said to be patient and hold on to it. He now watches the stock go up to $8/share and says I told you it would go up. I may have taken only intro to economics but...I think that math might be off
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I've prepared enough tax returns to know if people did as well as they let on, this country would be full of millionaires....
 
#4,834
#4,834
my favorite thing in the last month is the "person" who says (and this is hypothetical) I sold XSPA for 1.25 and bought for .30 but I forgot to jump back in cause I knew it was going to jump to 2.75. If everyone knows that a stock is going to increase 9 fold, then I would just take 10K and pay off my rental condo every year!

Stop posting pictures of your gains ONLY, stop saying you knew it was going to do X or Y, we are minimal traders even if we have millions of dollars, and we do this for fun.

As Andrew Ray says in so many words; "god bless the sec, god bless the vols, and lets go spirit airlines" or something like that
 
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#4,839
#4,839
I doubt most of the people getting all of this unemployment money are thinking about the taxes they'll owe next year. That'll be a good chunk of change come tax time.
 
#4,840
#4,840
VolAllen said:
Well, I’m here to tell you that you’re wrong on that. I don’t know where you live, but where I’m at I see people going out and spending as usual. That extra money allows people to continue to have their dogs groomed, their lawns mowed, their houses painted, their hair cut, etc etc...
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Do you have deep and detailed access to business financials for all the small businesses you see, or are you making assumptions?
 
#4,841
#4,841
TC 83 said:
I doubt most of the people getting all of this unemployment money are thinking about the taxes they'll owe next year. That'll be a good chunk of change come tax time.
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I agree they arent thinking about it but I doubt the tax bite will be that bad for most of the unemployed. Most will be in the lowest tax bracket and after EITC, child tax credits, standard deduction, they will likely owe little, if any. The biggest sticker shock will be not having the large refund they are typically accustomed to.
 
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#4,842
#4,842
ButchPlz said:
Do you have deep and detailed access to business financials for all the small businesses you see, or are you making assumptions?
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My business is a service provider to other small (and big) businesses, so I know what they’re saying.
 
#4,846
#4,846
VolAllen said:
Bro, seriously. And people like “stanthetrsdingman” (who I actually know personally) just recycle everyone else’s calls. They just pump to private paid rooms and then bounce on the initial run up and leave all their followers bag holding.
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Yeah I no longer follow Stanthetradingman. Big pumper. I quit using Twitter for calls in general. A few other places I visit have better calls and the guys that run it are pretty transparent about about their calls, so you know when you lose, they lose too.
 
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#4,848
#4,848
Carp said:
Yeah I no longer follow Stanthetradingman. Big pumper. I quit using Twitter for calls in general. A few other places I visit have better calls and the guys that run it are pretty transparent about about their calls, so you know when you lose, they lose too.
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I'm so old fashioned. I look at companies, charts, earnings, and review financial statements before I invest....

Not taking advice from a guy on Twitter that might have been flipping burgers pre COVID-19.
 
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