OT: Stock trading

[Da_Aisijimo_Gou]

This pbct/mt merger is interesting. Not sure I’m thrilled with it since I was all in for pbct’s recovery at under 11 per share

M&T buying PBCT represents further evidence mid-sized US banks recognize need to either expand or to become less competitive with the largest mid-size banks and big 4 US banks. Other similar mergers: BB&T+Suntrust=Truist, PNC buys BBVA US ops, HBAN-TCF, etc.

On the surface, Buffalo-based M&T buyout appears positive for PBCT shareholders selling on the announcement. Potentially, not as good for PBCT employees nor the Park City unless M&T opts to keep some PBCT businesses in Bridgeport. Or, shifts M&T work from lower-cost Buffalo to CT. ???

M&T reports: "As part of the transaction, People's United's current headquarters in Bridgeport, Connecticut will (MY EDIT: initially) become the New England regional headquarters for M&T, further strengthening the combined company's commitment to Connecticut and the region."
M&T Bank Corporation Announces Agreement to Acquire People's United Financial, Inc.

 

[Chin Diesel]

Upon further review:

• BA up 1% (no action, $120 avg long hold)
• UAL up 7% (hold none of UAL's financially challenged cluster puck, but it's been swept up with today's return to somewhat normal-er lives airline increases).
• Despite reports of the P&W 4000 engine's titanium alloy fan blades being challenging to inspect, ponder whether UAL could possibly have no responsibility a la the most recent Indonesia crash's pilot puck up ???).
• RTX currently flat (no action, hold $60 long hold), but wonder how RTX won't be impacted by the weekend's 2 separate P&W 4000 engine blow outs (Denver 777, and Netherlands 747 cargo jet) ???
• P&W's reported last 4000 engine occurred in 2013. No new sales?

Meanwhile, ALK at $24, AAL at $11, and GE at $8 avgs make for a happier Big Eskimo Dog.

RTX should be on the one getting hammered.

Boeing should be fine. The 777 with GE engines have reported no issues. United should be fine. Other airlines with the 777 and the GE engines are doing fine.

Meanwhile, Pratt has had more than one of these engines shred. England just banned jets with these engines from British air space.

 

[Da_Aisijimo_Gou]

Long frothy NIO, XPEV, and less so LI reached more reasonable buy points today; still like BYDDY more than others yet it needs to drop more first. Added some LI and a very little bit of XPEV today. Watch they'll all tank, but not down to current avg SP

 

[Da_Aisijimo_Gou]

I thought I warned you two months ago in the cesspool not to keep all your apples in ANY sector ?

FIFY

 

[Da_Aisijimo_Gou]

RTX should be the one getting hammered. Meanwhile, Pratt has had more than one of these engines shred. England just banned jets with these engines from British air space.

In a single weekend (this past weekend), 2 P&W 4000 engine flatulenc-ing is a accomplishment. Possibly the only less than negative considerations are P&W may have stopped selling some version of the 4000 engines in 2013, and Reuters reported the only passenger jets with the engines are flown by UAL, JAL, ANA, and KA. Both references could be dead wrong; just sharing what I read and heard.

 

[Dogdeacon]

RTX should be on the one getting hammered.

Boeing should be fine. The 777 with GE engines have reported no issues. United should be fine. Other airlines with the 777 and the GE engines are doing fine.

Meanwhile, Pratt has had more than one of these engines shred. England just banned jets with these engines from British air space.

To me the question is what does airline travel look like 1 and 2yrs from now? Certainly leisure/rec travel will spike up for some period - but will there be a long-term trend there that offsets what I and most think will be a permanent reduction in business travel? What's the implication for the airlines and airline manufacturing?

 

[HuskyHawk]

To me the question is what does airline travel look like 1 and 2yrs from now? Certainly leisure/rec travel will spike up for some period - but will there be a long-term trend there that offsets what I and most think will be a permanent reduction in business travel? What's the implication for the airlines and airline manufacturing?

Business travel is never coming back to what it was. Businesses have already seen that it isn't necessary and invested in video conferencing. There will still be meetings, but far fewer. I doubt we see folks flying from A to B for a one hour meeting again. That was always stupid. You can add the general pressure to cut carbon footprints to the math.

 

[HuskyHawk]

I thought I warned you two months ago in the cesspool not to keep all your apples in the tech basket?

My eggs aren't all in that basket. And the gains of the last two months were substantial. I buy what I know.

 

[XLCenterFan]

@tiger8mush Do I even have to say it again? Wow! 15% today!! And I scooped up more shares at open this morning. At this rate, we hit 100 by the time I'm sitting on a beach. I hope some here have been paying attention to our RFL chatter.

 

[Da_Aisijimo_Gou]

Good shout. Do you know of any managed ones that are promising?

@Matrim55 Not Jaker, but searched and never identified a promising US-focused, managed (non-index) general materials ETF. Just went with XLB as a complement to materials equities and specific minerals ETFs held (soft and industrial). Considered iShares global-oriented MXI, but found enough MXI holdings were already held directly or in ETFs. It'd be good if someone else identifies an ETF with a good track record matching your target.

 

[HooperScooper]

My eggs aren't all in that basket. And the gains of the last two months were substantial. I buy what I know.

And if you're a long term holder like I am then tech is still the way to go. Stock prices aren't linear. You're going to have dips along the way but over time you will do well. Stay the course. As a matter of fact buy more of what you like on the dips.

 

[HuskyHawk]

And if you're a long term holder like I am then tech is still the way to go. Stock prices aren't linear. You're going to have dips along the way but over time you will do well. Stay the course. As a matter of fact buy more of what you like on the dips.

I am sitting on lots of cash and will absolutely buy the dip. And yeah, I’m a long term investor not a trader. I do have some inflation hedges that did well today.

 

[the Q]

M&T buying PBCT represents further evidence mid-sized US banks recognize need to either expand or to become less competitive with the largest mid-size banks and big 4 US banks. Other similar mergers: BB&T+Suntrust=Truist, PNC buys BBVA US ops, HBAN-TCF, etc.

On the surface, Buffalo-based M&T buyout appears positive for PBCT shareholders selling on the announcement. Potentially, not as good for PBCT employees nor the Park City unless M&T opts to keep some PBCT businesses in Bridgeport. Or, shifts M&T work from lower-cost Buffalo to CT. ???

M&T reports: "As part of the transaction, People's United's current headquarters in Bridgeport, Connecticut will (MY EDIT: initially) become the New England regional headquarters for M&T, further strengthening the combined company's commitment to Connecticut and the region."
M&T Bank Corporation Announces Agreement to Acquire People's United Financial, Inc.

Really surprised no one has acquired ozk yet. Then again their strength seems to be their management team so that may not help them as much.

 

[Chin Diesel]

To me the question is what does airline travel look like 1 and 2yrs from now? Certainly leisure/rec travel will spike up for some period - but will there be a long-term trend there that offsets what I and most think will be a permanent reduction in business travel? What's the implication for the airlines and airline manufacturing?

Definitely going to be less overall. Meeting for the sake of having everyone to be in same room to discuss anything will be greatly reduced.

OTOH, there are areas that still require human presence to observe or to pass on information.

I did less travel last year than any year going back to 2005.

Started picking up last fall. I'm heading out later this week on my fifth business trip since October. Four different states covering all four corners of the country.

 

[Jaker]

SQQQ in for a good week

 

[Jay-Bone]

My eggs aren't all in that basket. And the gains of the last two months were substantial. I buy what I know.

Ok, I just worry about you because you keep saying you're getting clobbered. Especially the same days that I'm hitting bazinga!

Looks like inflated tech is in for another whacking today. Glad I sold off my travel to pick up tech on super sale!

What are you losing the most on, so I know what the best deals are? Thanks.

 

[XLCenterFan]

Getting smoked pre-market. Love it. Only RFL is up.

 

[Jay-Bone]

Getting smoked pre-market. Love it. Only RFL is up.

Its waking up. Made a 100 point charge. I set up a slew of buy orders at 6:50 and most of them didn't hit. I hate to have to increase them.

 

[tiger8mush]

What are you losing the most on, so I know what the best deals are? Thanks.

CCIV down 30% pre-market

p.s. how do you buy and sell pre/post market? Doesn't seem possible for me on TDAmeritrade

 

[StllH8L8ner]

CCIV down 30% pre-market

p.s. how do you buy and sell pre/post market? Doesn't seem possible for me on TDAmeritrade

Someone correct me if I'm wrong as I was looking into it also but have never tried it. I believe you have to do a limit order for extended hours trading (drop-down on order screen) but TD only allows it for certain securities.

 

[HuskyHawk]

Ok, I just worry about you because you keep saying you're getting clobbered. Especially the same days that I'm hitting bazinga!

Looks like inflated tech is in for another whacking today. Glad I sold off my travel to pick up tech on super sale!

What are you losing the most on, so I know what the best deals are? Thanks.

The big losers were ARK ETFs, NVDA, Apple, ESPO, MSFT. Knock yourself out.

 

[tiger8mush]

Someone correct me if I'm wrong as I was looking into it also but have never tried it. I believe you have to do a limit order for extended hours trading (drop-down on order screen) but TD only allows it for certain securities.

that worked! just tried it. On the order screen, for "Time In Force" I selected "Extended hours AM", and it immediately went thru. Thanks!

 

[RayIsTheGOAT]

What is good to pick up on the dip today? Or do we think this is just the beginning of a bigger slide?

 

[Jay-Bone]

that worked! just tried it. On the order screen, for "Time In Force" I selected "Extended hours AM", and it immediately went thru. Thanks!

Just about everyone of my orders is limit GTC+Ext. Runs from 7 am to 8 pm.

 

[HuskyHawk]

What is good to pick up on the dip today? Or do we think this is just the beginning of a bigger slide?

Have seen "experts" suggesting both buy the dip and a bigger slide. Inflation is going to go bonkers, it has already started. You can't just print trillions beyond even our normal debt and propose to print more trillions without an impact. The last thing the economy needs is stimulus.

Just anecdotal, but the residential real estate market has been shooting up across the country. Nintendo Switches were selling for 2x retail. Then PS5 and XBox Series X were. Usually new game consoles come with incentives to get somebody to buy them. Now? Can't make them fast enough. My $1200 rowing machine had a 5 month wait list before I could buy one. Apple sold 79.9 million iPhones in the last 3 months of 2020.