OT: Stock trading | Page 18 | The Boneyard

OT: Stock trading

JimHurley said:
That is smart for short and moderate term investing. It’s only a matter of time before every cruise line and airline gets to all-time highs. How long that might be is the real question. But it will happen.

Carnival’s all-time Hugh was right around $70. Today it closed at $16.

United’s all-time high was just under $100. Today it closed at $33.

There’s no question at one point or another that these stocks will reclaim those highs. But that’s only for the long-term investor. I plan on selling within 2 years so I can’t put that much risk into it right now.
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There's room to move up even with continued uncertainty. But stiil likely in the early stages of a long slump that could impact the entire cruise industry. That said, seems cheap and there will certainly be some speculative optimism disguised as good news.
 
Jimdish255 said:
But stiil likely in the early stages of a long slump that could impact the entire cruise industry. That said, seems cheap and there will certainly be some speculative optimism disguised as good news.
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Cruise lines were flirting with bankruptcy just weeks ago and they aren't sailing soon. Money is costing them over 11% and I think they've lost the non-hardcore cruiser for years. I've been following the situation closely for months and I'm just hoping I'm getting money back from a cancelled cruise. I would call investing in cruise lines taking a stab.
 
UConnSwag11 said:
I should’ve bought more Inovio when it was $7 Head bang
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Nice pick.

Some stocks make this look easy, but then I consider, e.g. rental cars, where if you bought CAR you're killing it, but if you bought HTZ, you're getting killed. The variance these days, both day to day and company to company, is nuts.
 
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What are some great dividend paying stocks that you guys have?
 
Trimmed positions of all my big cap tech today to raise cash and take profits. Hoping to add more FSLY on a pullback plus DDOG and PYPL.
 
Always a good day to buy T under 30
 
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Lots of chatter about the polls regarding the upcoming election effecting the markets...something to think about. Anticipating higher income tax and corporate taxes could be leading the sell off. If my comment is too political, please just let me know and I will delete it to avoid going to the cess (we don’t want this thread going there).
 
I swear Zoom hasn’t had a losing day since I bought it. What a no-brainer.
 
JimHurley said:
Lots of chatter about the polls regarding the upcoming election effecting the markets...something to think about. Anticipating higher income tax and corporate taxes could be leading the sell off. If my comment is too political, please just let me know and I will delete it to avoid going to the cess (we don’t want this thread going there).
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Some stocks simply won’t be effected. Some, like banks, may be. But that’s OK. Take the information you have and invest wisely. On the tax aspect, I’m an investor and even I think capital gains taxes should be raised. Having investment income is a ridiculous luxury.
 
The market continues to defy all logic. I think some people are in for a big surprise when Q2 / Q3 earnings drop later this summer / this fall. Then again, this market is defying all logic so I am probably wrong.
 
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McLovin said:
The market continues to defy all logic. I think some people are in for a big surprise when Q2 / Q3 earnings drop later this summer / this fall. Then again, this market is defying all logic so I am probably wrong.
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I’m still happy to get T under 30 and PRU under 60.
 
McLovin said:
The market continues to defy all logic. I think some people are in for a big surprise when Q2 / Q3 earnings drop later this summer / this fall. Then again, this market is defying all logic so I am probably wrong.
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Largest cash on sideline position ever. Pain trade has been higher to this point, market always seemingly inflicts max pain either direction (everyone bullish before drop).
 
rip7774 said:
Largest cash on sideline position ever. Pain trade has been higher to this point, market always seemingly inflicts max pain either direction (everyone bullish before drop).
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Same, I've got my biggest cash position ever. I've considered selling literally everything and then buying again when the bottom eventually falls out of the market.
 
McLovin said:
Same, I've got my biggest cash position ever. I've considered selling literally everything and then buying again when the bottom eventually falls out of the market.
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I have my smallest cash position ever, but I am also considering selling everything. I’ve done incredibly well with this rally since March but I have a bad feeling about what’s ahead.
 
The main thing that scares me is the underlying economic data not improving and Covid cases spiking again. States are starting to back track re-opening (Texas already did, I'm sure more will follow). While B2B companies may have some protection, any consumer business or financial services business could be in trouble.

Over 8% of all mortgages are in forbearance. At the height of the 2008/09 crisis delinquencies peaked at 10%. While forbearance is not technically the same as being delinquent, those mortgages are not being paid. And if 8% of mortgage holders can't afford to pay their mortgage, I doubt they have the money to spend on non-essentials.

During good times I don't care about underlying economic data (mortgage data, unemployment, consumer sentiment, GDP, etc.), I feel like it all washes out and the market can continue to hum. But with the underlying data remaining poor / worsening, I just don't understand how the stock market continues to go up like it has. Not saying stocks should go to 0, many businesses can weather this storm / the government will keep them propped up, but I feel it doesn't make sense that they are near all-time high levels, currently.
 
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McLovin said:
The market continues to defy all logic. I think some people are in for a big surprise when Q2 / Q3 earnings drop later this summer / this fall. Then again, this market is defying all logic so I am probably wrong.
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It fetus logic bc this is another Fed induced bubble
 
INO seems to have the inside track for a Corona vaccine - it has really surged this past week.
 
I’m not selling a share. My stocks don’t really need a growing consumer base. If I owned stocks that needed people to spend more, that would be one thing, but the ones I own count on people spending differently and on people teleconferencing. How people spend and communicate is changing - there’s money to be made in that.
 
McLovin said:
Same, I've got my biggest cash position ever. I've considered selling literally everything and then buying again when the bottom eventually falls out of the market.
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I’m not in cash but saying this General sentiment being poor has led to record levels of cash on the sideline. This is a large reason why the market has marched ahead. So much worry and market climbs a wall of worry.
 
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