All things STOCKS

[VolAllen]

That is definitely true in this market. I'm trying to stay heavy cash until the election is over. Hopefully there will be some huge discounts the next month.

But note, the minute I sell puts it will go to $25

 

[mr.checkerboards]

But note, the minute I sell puts it will go to $25

Let me know when you decide to do that please

 

[mr.checkerboards]

So, I also jumped into Helix Energy this morning. They released Earnings after hours and beat them quite a bit. Could be a pop to look into in the morning.

 

[Firebirdparts]

Pretty random 5% drop for SAVE on no news or anything

Random increase today. Holy cow.

 

[Freak]

Anybody still watching Draft Kings? Thoughts?

 

[BigOrangeMojo]

Anybody still watching Draft Kings? Thoughts?

Don't know how to value this Company. Sold earlier in the month and have bought back about half of what I sold.

 

[Go aeiou]

Anybody still watching Draft Kings? Thoughts?

I bought some this morning. I have bought about 5 times in the last few days.
Like most stocks you read good and bad. It might take a while, but they seem to be the cream of the wagering companies. It's a long term investment for me. OTOH, I'll take a profit if it gets too over priced. I sold near 60 a while back and will again if it gets in the 55-65 range. If lower I'll likely buy more.

 

[Thunder Good-Oil]

PENN, BETZ, and IGT are alternates to DKNG.

 

[BigOrangeMojo]

PENN, BETZ, and IGT are alternates to DKNG.

Not sure how you can properly value those companies either....

 

[Thunder Good-Oil]

Barrons dot com:

Citigroup analyst Stephen Trent reiterated Buy recommendations on several domestic and foreign airlines Wednesday, including Delta Air Lines (ticker: DAL), Spirit Airlines (SAVE), Ryanair Holdings (RYAAY), Azul (AZUL), and Copa Holdings (COPA).

The rationale for airline stocks is getting tougher as it sinks in that the recovery will take longer than hoped. "We are looking at a tough winter with cash crunches," Trent writes. And it's hard to be positive on a cyclical sector that isn't participating in the broader cyclical rally that has lifted transportation and industrial stocks.

"But at a certain point," he writes, "there's scarcity value in a lagging sector with post-pandemic legs...the challenge being when and where things normalize."

 

[Thunder Good-Oil]

Not sure how you can properly value those companies either....

Usually IGT cycles back up, but DKNG, PENN, and BETZ should be better positioned to nationwide, legalized online gambling. I’d bet on BETZ. They even have SPAC exposure.

 

[BigOrangeMojo]

I sold 1,000 of my 2,000 SAVE. I actually think they’ll beat earnings, but it will still probably drop.

So, will you get a seafood tower after today or more like a seafood duplex after selling half?

 

[VolAllen]

So, will you get a seafood tower after today or more like a seafood duplex after selling half?

Haha I actually panic bought back the other half this morning at 16.85, exactly at my average. Missed opportunities to buy lower, but I’m not complaining.

 

[Go aeiou]

Usually IGT cycles back up, but DKNG, PENN, and BETZ should be better positioned to nationwide, legalized online gambling. I’d bet on BETZ. They even have SPAC exposure.

Isn't betz an ETF? A basket of everything gaming? Internet Gaming looks like an up and coming industry to me. My only gambling is stocks and bonds though.

 

[Thunder Good-Oil]

Isn't betz an ETF? A basket of everything gaming? Internet Gaming looks like an up and coming industry to me. My only gambling is stocks and bonds though.

Yes. Exchange Traded security. A lot of those funds also include the garbage names, but you get diversification.

 

[Carp]

BTC rocketed the last couple of days.

 

[VolAllen]

BTC rocketed the last couple of days.

I had 3 of them at $5,000 each and sold at $5500 for a quick flip. I was happy....until I did the math yesterday

 

[mr.checkerboards]

Hopefully it causes a little pop tomorrow
Gilead's remdesivir just got the first FDA approval to be used as a treatment for coronavirus patients

 

[Go aeiou]

Hopefully it causes a little pop tomorrow
Gilead's remdesivir just got the first FDA approval to be used as a treatment for coronavirus patients

I own Gild, but gild says it's good at treating moderate cases. I do think the treatment drugs will save many lives. I have a lot of Regeneron. Trump took their experimental drugs too. I take one of their drugs twice a month.

 

[Thunder Good-Oil]

Gilead Sciences, Inc. Common Stock (GILD) After-Hours Quotes

7% on Yahoo Finance without a time indicated.

 

[Freak]

Intel got crushed after hours. Earnings were disappointing.

 

[VolAllen]

Intel got crushed after hours. Earnings were disappointing.

I feel like all of tech is going to come back down to the real world here shortly.

 

[mr.checkerboards]

I feel like all of tech is going to come back down to the real world here shortly.

I feel the same way. After this crap is over and people start going out again Tech will fall a ton.

 

[BigOrangeMojo]

Intel got crushed after hours. Earnings were disappointing.

AMD is taking share from them....been big AMD guy for a while here

 

[Thunder Good-Oil]

I feel like all of tech is going to come back down to the real world here shortly.

INTC was a laggard. So was Cisco. At least relative to those that have run up to ridiculous valuations. Like Zoom.