All things STOCKS

#2,226
#2,226
Ended the day down 4% thanks to GHSI and COCP. Picked up more SAVE. Holding 1,500 shares at 8.04. Not good if it goes to $4, incredible if it goes back to $40 lol
 
#2,227
#2,227
Tomorrow ends JCP's 30 day grace period for missing its bond payment back in April. Considering that the company converted their CEO's outstanding equity awards to a $4.5MM cash bonus, they will likely file BK within the next 48 hours...

(I don't hide my feelings if I don't like a stock or a company, I know)
 
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#2,228
#2,228
BigOrangeMojo said:
Tomorrow ends JCP's 30 day grace period for missing its bond payment back in April. Considering that the company converted their incompetent CEO's outstanding equity awards to a $4.5MM cash bonus, they will likely file BK within the next 48 hours...

(I don't hide my feelings if I don't like a stock or a company, I know)
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That lady is why I stopped flipping JCP lol. Everything she touches goes BK.
 
#2,229
#2,229
VolAllen said:
That lady is why I stopped flipping JCP lol. Everything she touches goes BK.
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To be fair, the JCP CEO that put them to the brink of BK now runs Lowes. One of the main reasons I'm long HD.

This was inevitable no matter the CEO. You cant make 20 years of bad CEO hires and expect to survive.
 
#2,230
#2,230
JFreak said:
Time in the market beats timing the market. If you're exceeding S&P 500 returns over the long run doing that then you're easily in the top 5% of traders.
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And possibly just good variance. For most, the time invested is not worth it, given market efficiency and the amount of knowledge of accounting and reading 10-k footnotes as it takes. The sort of thing Buffett has done his entire life.

Buut it can be fun, like any gambling. And if you believe in Technical Analysis, it can be even more fun gambling just looking at charts and trying to beat Big Algo high speed traders (lol).
 
#2,231
#2,231
BigOrangeMojo said:
I don't know if penny stock traders are the smarter ones. An overwhelming majority of those who become wealthy in the stock market do so by following a disciplined plan over a lengthy period. I'm not saying it can't be done, I'm just pointing out where the overwhelming majority of wealth in the market is made.
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This. "Penny stocks" have very low reporting requirements. Lots of PnDs or outright fraud and tricky accounting. Not much info you can pour over, so how does one find their fundamental value and a proper price and p/e?
 
#2,232
#2,232
Crypto/Bitcoin and the business of reefer sure aren't getting the attention that they had over the last few years.

I wonder if Neptune Wellness (NEPT) found a bottom and rallies back to previous highs. They have a good ancillary marijuana business. Scott's (SMG) has done well through the pandemic. Their "picks and shovels" business (hydroponics, grow lighting) has had good growth and their traditional lines are solid.

I anticipated that Service Corp (SCI) would have benefited from COVID-19 but the opposite played out. People are electing to go cheap on funerals since "social" gatherings have unwound. They still dominate the industry though and demographics are favorable in the "death industry" for years to come. They haven't always had great management. Carriage Services is the other investible company in the space.
 
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#2,234
#2,234
I bought DKNG at $26 because I was so nervous about the price skyrocketing after sports open up and here.....we.......go
 
#2,236
#2,236
I couldn't imagine if I was smart and bought at beginning of month for a limit at $20.00 but beggars cant be choosers!
 
#2,237
#2,237
BigOrangeMojo said:
To be fair, the JCP CEO that put them to the brink of BK now runs Lowes. One of the main reasons I'm long HD.

This was inevitable no matter the CEO. You cant make 20 years of bad CEO hires and expect to survive.
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Home Depot has Milwaukee tools too. Probably the best quality tool out there.
 
#2,238
#2,238
I sticking to the Short Term Trends up, down and the occasional sideways. No need to go long unless you like the rollercoaster....
 
#2,239
#2,239
BigOrangeMojo said:
To be fair, the JCP CEO that put them to the brink of BK now runs Lowes. One of the main reasons I'm long HD.

This was inevitable no matter the CEO. You cant make 20 years of bad CEO hires and expect to survive.
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I like how the media is framing JCP as a victim of Corona when this has been two decades in the making.
 
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#2,240
#2,240
Myrtle and Charleston are absolutely slammed this weekend. Hearing the same from Florida. I won’t be surprised if these airline stocks double this month.
 
#2,243
#2,243
DancingOutlaw said:
I like how the media is framing JCP as a victim of Corona when this has been two decades in the making.
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Yeah, not like people have been calling for it for months. I thought JCP would declare BK in January but they started to operate from the Sears playbook ("How to kick the can down the road until you have no assets left")
 
#2,244
#2,244
VolAllen said:
Myrtle and Charleston are absolutely slammed this weekend. Hearing the same from Florida. I won’t be surprised if these airline stocks double this month.
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Which airline did you say would file bankruptcy American Airlines? Or United?
 
#2,246
#2,246
VolAllen said:
I don’t know much about either one of them, but I know that it won’t be Spirit lol. And that’s where my concern lies. If 9/11 didn’t take them out, I’m not sure this will either.
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I thought I read in here someone was talking about one of them filling pretty sure it was american
 
#2,247
#2,247
UTSuave’ said:
Which airline did you say would file bankruptcy American Airlines? Or United?
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It was me that called for the BK for American. I think American is the most likely to file BK. The only thing that will keep American from BK is either another bailout or a vaccine that is developed soon.

I think United and Spirit would be in the next wave. At that point, I think the govt may bail them out.
 
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#2,248
#2,248
BigOrangeMojo said:
It was me that called for the BK for American. I think American is the most likely to file BK. The only thing that will keep American from BK is either another bailout or a vaccine that is developed soon.

I think United and Spirit would be in the next wave. At that point, I think the govt may bail them out.
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I was just making sure which one because I thought about buying into United and spirit
 
#2,249
#2,249
UTSuave’ said:
I was just making sure which one because I thought about buying into United and spirit
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This is just my opinion but you arent buying into airline stocks as much as you are buying into a 2nd govt bailout and quick vaccine development.

Here is my opinion on the stocks you mentioned.

United - Stronger BS than American but weaker than Delta. A little bit more of a "blue state" airline, which might hurt it compared to Delta. The international and business aspects wont recover for at least a year. If you subscribe to the belief that American is the weakest, would the govt let 2 of the 3 legacy carriers go through BK?

Spirit - The balance sheet is rough. The low cost market should be the first to recover. If you subscribe to the fact that warm weather = less Rona, then Spirit should be for you since they fly higher % of flights in warm weather. I havent seen other airlines get overly aggressive in pricing yet, which helps Spirit. The biggest concern is Spirit has the worst BS of the largest 7 carriers. The reward though is strong if they dont have to reorganize.
 
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#2,250
#2,250
BigOrangeMojo said:
This is just my opinion but you arent buying into airline stocks as much as you are buying into a 2nd govt bailout and quick vaccine development.

Here is my opinion on the stocks you mentioned.

United - Stronger BS than American but weaker than Delta. A little bit more of a "blue state" airline, which might hurt it compared to Delta. The international and business aspects wont recover for at least a year. If you subscribe to the belief that American is the weakest, would the govt let 2 of the 3 legacy carriers go through BK?

Spirit - The balance sheet is rough. The low cost market should be the first to recover. If you subscribe to the fact that warm weather = less Rona, then Spirit should be for you since they fly higher % of flights in warm weather. I havent seen other airlines get overly aggressive in pricing yet, which helps Spirit. The biggest concern is Spirit has the worst BS of the largest 7 carriers. The reward though is strong if they dont have to reorganize.
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Don't forget to mention that a government bailout won't necessarily protect shareholders. Delta is still flying, but the stock became worthless about 15 years ago.
 
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