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OT: Stock trading

the Q

Yowie Wowie. We’re gonna have so much fun here
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I got in on ET at $5.02.

Yeah. That’s awesome dude. Fantastic move.

I just really hate K1s and I’m still figuring out what I want to do beyond Roth and 401k
 
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Be patient with airline, Q2 earnings come out in a couple of weeks and I suspect we will see another pullback 10-15%.
 
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What I'm doing is buying and selling in portions of 25 shares. That way if it goes up, you sell some, if it goes down, you buy more. I also have a variety, so if one particular sector is outperforming another I focus on that one at the time. It works during high volatility. Yesterday was good for me, my portfolio went up 9% and is now higher than it was before the dump started Wednesday. I made sure I ended the day 1/2 cash. Ready for whichever way it goes Monday.
Seems like you’ve done a great job of timing market recently. Your strategy sounds really good. I’m sitting on good gains since March and cut back on most of my positions last week so I can pounce if there’s another drastic sell off. DocuSign being added to Nasdaq 100 next week, that might be the one stock I add to immediately.
 

XLCenterFan

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Anyone here dabble in factional shares? A few places are offering them now. Call me old-fashioned and stuck in my ways, but I haven’t gotten into them yet. I guess If I like a really expensive stock enough, I could.
 
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Anyone here dabble in factional shares? A few places are offering them now. Call me old-fashioned and stuck in my ways, but I haven’t gotten into them yet. I guess If I like a really expensive stock enough, I could.
Not yet but it appeals to me. Stocks like Amazon at 2500 per share are hard to buy and sell when you can only do whole shares.
 
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I buy factional - I use stash and have set up for bi-weekly purchases. This is mostly all the big time brands that I will hold on to for years. I don't pay much attention to this at all and let it just work behind the scenes.

I use Robinhood when I want to gamble a bit and go for lesser known stocks to try and make a few $. All gains go right back to Stash for long term. Yes- I know I can do this now all on Robinhood itself, but prefer to keep these separate for now.
 

Chin Diesel

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Fee is going to start buying corporate bonds as some sort of indexed mutual fund whose scope and breadth were figured out by the Fed.

Sure would be nice to know which companies are going to get cash pumped in to them.

 
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Fee is going to start buying corporate bonds as some sort of indexed mutual fund whose scope and breadth were figured out by the Fed.

Sure would be nice to know which companies are going to get cash pumped in to them.

Positive day here. All but one stock was up. Trimmed a lot of positions Friday so gains from most stocks were lackluster. Futures setting up for a big morning, let’s hope the gains can hold through the day and the volatility starts to decrease.
 

XLCenterFan

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The Fed just loves the stock market. Buying corporate bonds just props it up more, no? When does this artificial run end?

We will see what tomorrow brings but we (myself and my wife...she’s turned into quite the gambler) smoked the Dow today. We did almost 6%!
 
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Somebody needs to explain to me what seems like a major intervention by the Fed. Has this been done before? Is there any transparency to safeguard against frontrunning? How or when do you turn the spigot off?
 

Chin Diesel

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It seems like they will just not let it crash. At some point something’s gotta give, right?

Well, right now, this bond purchase is scheduled to go from now until Sep 30th.

And yes, eventually all the artificial injections will have to end, and just like celebs and Botox it won't be pretty.
 
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Chin Diesel

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I joined the MGM train over the weekend and gained 6% in one day.

I'm still hesitant on indoor driven industries, although I suspect casinos will do better than most.

I was reading up on AMC theaters yesterday. I wouldn't touch movie theaters with a 10' pole right now. That is definitely a psychological barrier for a lot of people to get over. Being inside, dark, surrounded for extended period by strangers, lots of opportunities for common touch areas, cleaning crew won't be highly motivated or experienced, etc...……….. I definitely see more direct to consumer movies.
 
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The Fed will stop at nothing until the stock market is in the clear. That’s what’s giving me peace of mind right now. It will stop eventually, but they’re going to intervene at every turn to ensure a crash doesn’t happen.
 

Chin Diesel

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And I did get in on Hertz yesterday afternoon at $1.90. Nothing major, just wanted to take a flyer and see what happens.
 
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This is ludicrous. Every investor is saying there's no way this can continue, and as soon as it looks like the party is over (last week), it surges right back. Call it the "boot and rally".

Really kicking myself for not getting into HAL at 11.90 yesterday morning.
 

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