All things STOCKS

#5,626
#5,626
TheColdVolTruth said:
Damn. That's a really nice month. Smokey's putting on some steam. I've been stalking BLMN since I traded it a few months ago. I saw the move today on the upgrades. AMD is one I missed that hurts my feelings. I told a friend of mine in March that I wanted to buy a semi, but I couldn't decide which one to buy. They've all run hard except INTC, and I never made a move. I should have at least bought SMH. The whole sector is up over 75% off the lows.
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I think DRI has got some room to run in restaurant industry. CBRL, EAT, CAKE (recommended by the 7 year old) and BLMN have made their run already.

Bought dip on CVS and WBA today. Think the $36s (WBA) and $60 (CVS) is good entry point.

In all likelihood, will sell decent chunk of RKT sometime tomorrow.
 
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#5,627
#5,627
BigOrangeMojo said:
I think DRI has got some room to run in restaurant industry. CBRL, EAT, CAKE (recommended by the 7 year old) and BLMN have made their run already.

Bought dip on CVS and WBA today. Think the $36s (WBA) and $60 (CVS) is good entry point.

In all likelihood, will sell decent chunk of RKT sometime tomorrow.
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10x revenue for a mortgage company? Regions Bank is a little over 2x. Wells Fargo is about 1.5x.
 
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#5,628
#5,628
Thunder Good-Oil said:
10x revenue for a mortgage company? Regions Bank is a little over 2x. Wells Fargo is about 1.5x.
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Regions and WFC are both hot garbage as companies. RKT is more origination and they dont have the long term BS risks like Regions and WFC so not apples to oranges.

With all that being said, RKT is a FOMO play at this time.
 
#5,629
#5,629
BigOrangeMojo said:
I think DRI has got some room to run in restaurant industry. CBRL, EAT, CAKE (recommended by the 7 year old) and BLMN have made their run already.

Bought dip on CVS and WBA today. Think the $36s (WBA) and $60 (CVS) is good entry point.

In all likelihood, will sell decent chunk of RKT sometime tomorrow.
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I bought CVS at $60 yesterday. I have a buy order in today at $58. Also bought more regn. Will buy more today with a significant pull back.
 
#5,630
#5,630
CVS seems pretty bulletproof as a long term hold sort of thing. I already owned it, so I didn't buy any at 60, but I did sell a put at 60, so I might be assigned some this weekend. It'll be close.
 
#5,631
#5,631
BigOrangeMojo said:
Hopefully a hell of a month in a good way.

Up 16.87% in August. Finally got a little traction with some of the restaurant stocks (BLMN, CBRL, EAT), some of the lodging stocks (MAR, HLT) and the casino stocks (WYNN, LVS). AMD and ZM were both good to me and both outweighed the bagholding that I am still doing on SKT and DBX. Makes up for a meh! July and the wife taking out 5 months of stay-at-home frustration on every nearby cash register.
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LOL Love that last line.
 
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#5,634
#5,634
VolAllen said:
I really like CCL for a recovery play.
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I do too, but I'm waiting on the dip. There's still quite a bit of uncertainty regarding their sail dates.

Just got into RKT on this dip @ 29.50. Beat earnings estimates by nearly 50%. It does look like this was a bit baked into the price, but this is a really good sign for long term growth. Wish I had more money to buy into it at these prices.
 
#5,635
#5,635
I follow stock dweebs on twitter. He's money most the times on options. His last few weeks he's called several big runners. Always puts them out on Sunday mornings.
 
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#5,636
#5,636
Carp said:
I do too, but I'm waiting on the dip. There's still quite a bit of uncertainty regarding their sail dates.

Just got into RKT on this dip @ 29.50. Beat earnings estimates by nearly 50%. It does look like this was a bit baked into the price, but this is a really good sign for long term growth. Wish I had more money to buy into it at these prices.
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Good luck with RKT. Got out just shy of $34 today. No main reason other than profit taking. If it dips back into the $20s, I'll take a look again.
 
#5,638
#5,638
Got a friend that tipped me on SHLL a couple months ago that is certain RLFTF is gonna take off.
 
#5,641
#5,641
VolAllen said:
I really like CCL for a recovery play.
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If they can't control the virus their woes will continue. CCL is the cruise company that has had the most problems.
I own them too, but you might not want to put all you eggs in one company.

RCL is probably the best run cruise line. NCLH is still depressed. They have the most loyal customers. People who cruise fairly often tend to mostly stay with one line.
 
#5,644
#5,644
Anyone following the SEC probe into Robinhood for not disclosing "Order flow payments" from high speed trading firms? Looks like potentially a $10 million fine from the SEC. Robinhood disclosed that they made $271 million from order flow payments in the first half of 2020. Order flow payments apparently make up over half of the profits for Robinhood.

Note: Order flow payments "are" legal. It's the failure to disclose this information to investors that is the problem.

Robinhood gets paid $0.17 per 100 equity shares and $0.58 per 100 options. Schwab, E*trade and Ameritrade all have similar deals. Hence brokers are incentivized to get clients to trade options. One of the criticisms of Robinhood has been that it encourages inexperienced investors to trade options. (Source: Seeking Alpha)
 
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#5,648
#5,648
I would like some advice by the educated investors in here. I was loving the advice in here and doing really well until about June 22nd. I purchased a considerable amount of two stocks: OCGN and NOVN, both penny stocks. I have lost about 30% of my portfolio since and dont know what to do. Any help would be great?

I do have FOMO since I sold before any profits in XOM, SHLL and NIO!
 
#5,649
#5,649
I went pretty heavy in FNGU today. It went down close to 20% today for no reason other than the market correcting itself a bit.
 
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