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OT: Stock trading

I know a little unrelated but can someone advise me about vegas futures offs to win 2021 championship , bovada had uconn 80-1 2 days ago and i was going to take that and then today they are 35-1 :( anyone know about any better odds ???
 
UCPharma11 said:
I know a little unrelated but can someone advise me about vegas futures offs to win 2021 championship , bovada had uconn 80-1 2 days ago and i was going to take that and then today they are 35-1 :( anyone know about any better odds ???
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FanDuel was 40-1 the other day. But since Sanogo verbally committed the odds are getting worse.
 
UCPharma11 said:
I know a little unrelated but can someone advise me about vegas futures offs to win 2021 championship , bovada had uconn 80-1 2 days ago and i was going to take that and then today they are 35-1 :( anyone know about any better odds ???
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I love that people are looking at UCONN futures. And honestly, it's related.
 
I would be careful with big tech. The multiples are still crazy in the environment. And amazon needs to split. 2400 a share is silly. That is a big piece for a retail investor. It is still trading at 20 times earnings.
 
huskyrob1 said:
Shorted Netflix years ago on it's first big jump up. Shorted it at $297, it all time high at that time was 305, then it crashed down to 65-70, covered and went long. Kept my long position until it hit 700, then sold it. A couple weeks later they announced a 7-1 split, then it went from 95 to where it is now.

I've been a trader for years, made my first big chunk of change on Cisco Systems in the early 90's.

I wouldn't go long on anything now except gold. My advice now is to short the Dow or Russell 2000. Good market shorts now are the TZA, SPXU or FAZ. This market is so overbought it's laughable that people are still buying. If you insist on going long, look at commodities with a good dividend, miners, fertilizer, potash, nitrogen stocks. FCX, CF, Mosaic, etc.
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You are shorting the Russell 2000? God help us all. And, I like the move. The market perked up because Of stimulus, but stimulus is like drugs. You need more and more to get the desired effect.

i think you are nuts if you are buying in right now. The market is pricing in like we will be normal by the third quarter. Talk about irrational exuberance.

market has priced in bailouts. They are going to expect fed stimulus the moment things turn south .
 
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huskyrob1 said:
Shorted Netflix years ago on it's first big jump up. Shorted it at $297, it all time high at that time was 305, then it crashed down to 65-70, covered and went long. Kept my long position until it hit 700, then sold it. A couple weeks later they announced a 7-1 split, then it went from 95 to where it is now.

I've been a trader for years, made my first big chunk of change on Cisco Systems in the early 90's.

I wouldn't go long on anything now except gold. My advice now is to short the Dow or Russell 2000. Good market shorts now are the TZA, SPXU or FAZ. This market is so overbought it's laughable that people are still buying. If you insist on going long, look at commodities with a good dividend, miners, fertilizer, potash, nitrogen stocks. FCX, CF, Mosaic, etc.
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I'm with this guy. Unless you're an experienced investor skilled in puts, calls and when to sell this market with all the uncertain externalities, this market has the potential to be a huge headache over the next 6 months. Volatility may present opportunity for the savvy investor but for amateurs like me (who held a series 7 for a time) it appears the easy rebound money may be out the door. I get the fact that highly liquid investors don't have the patience to sit on the sidelines for very long but there can't be that huge a disconnect between the broader markets and the newly suffering wave of displaced workers, strain on the Healthcare system and debt soaked cities and states.
Proceed with caution or a long time horizon.
 
the Q said:
My corporate law professor, legit rock star in his field, thought he was smart for selling Apple at like $50 After buying it under 20.
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My dad used to have 1 or 2000 shares of AAPL in the mid 90s. It was when AAPL was primarily a PC maker with not many other products. I think he got out at $15. Can only imagine after some splits what that would be worth now.
 
JohnFSilver said:
You are shorting the Russell 2000? God help us all. And, I like the move. The market perked up because Of stimulus, but stimulus is like drugs. You need more and more to get the desired effect.

i think you are nuts if you are buying in right now. The market is pricing in like we will be normal by the third quarter. Talk about irrational exuberance.

market has priced in bailouts. They are going to expect fed stimulus the moment things turn south .
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Even without the pandemic, I would have shorted the Russell.
 
Deepster said:
Got lucky and bought two pharma stocks in Feb. Moderna and Novavax. Moderna was 19.00 and sold it at 59.00. Novavax was 9.00 and I sold it at 22.00. Took the gain and bought Starbucks at 72.00.

Starbucks is starting to slowly open globally and will soon follow suit in America. Great company and now I’ll just sit tight on it long term.
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I was looking at Novavax at like $12 and didn't get in, it's now at around $40. It hurts. At least you more than doubled.
 
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A couple I’m looking at:

Altria (MO) - if was like 60 this would be a no brainer. But their long term outlook is cloudy at best

PPL Corp (PPL) - a electricity utility company with a yield over 6% seems almost too good to be true.
 
superjohn said:
I was looking at Novavax at like $12 and didn't get in, it's now at around $40. It hurts. At least you more than doubled.
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I have been kicking myself all day. Up from 23.00 to 40.00 in the last 2 days. I try to never complain about a profit, but seeing it jump today didnt' taste great.
 
Deepster said:
I have been kicking myself all day. Up from 23.00 to 40.00 in the last 2 days. I try to never complain about a profit, but seeing it jump today didnt' taste great.
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That’s my biggest fault when trading, being afraid a stock I used to own is running away without me. I was disciplined recently but bought FIVN and more DocuSign today after they were up a couple dollars. Although I’ve been expecting a sell off for days now, that last hour today was rough.
 
navery12 said:
This thread is making me want to start investing in some stocks
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Decided to jump in yesterday, don't have the money to be investing in most of the big companies mentioned in this thread but we'll see how it goes
 
navery12 said:
Decided to jump in yesterday, don't have the money to be investing in most of the big companies mentioned in this thread but we'll see how it goes
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Welcome. Probably more of a sell off today but more opportunities to jump in for sure. Don’t get caught up in the price of the stock. Recently I bought a whopping 5 shares of Amazon but still made money on it: if they get hit today, a lot of the big names like MSFT and AMZN are smart plays for longterm. Seriously look at DOCU. It’s my biggest winner. Has gone up a lot but even yesterday it held up really well and has a lot if momentum. Good luck!
 
navery12 said:
Decided to jump in yesterday, don't have the money to be investing in most of the big companies mentioned in this thread but we'll see how it goes
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What did you buy? My biggest piece of advice in my short time of investing is to not go crazy over price fluctuations. I bought Uber at $25 in March, it fell the $13 the following week, now it’s at $33. So I went from -50% to +30% all within 2 months. Plan to hold.
 
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navery12 said:
Decided to jump in yesterday, don't have the money to be investing in most of the big companies mentioned in this thread but we'll see how it goes
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I heard that Kevin O’Leary invested in / created a company called Bean Stock that allows you to invest in partial shares of companies. Don’t know if that still exists, but might be worth checking out.
 
JimHurley said:
What did you buy? My biggest piece of advice in my short time of investing is to not go crazy over price fluctuations. I bought Uber at $25 in March, it fell the $13 the following week, now it’s at $33. So I went from -50% to +30% all within 2 months. Plan to hold.
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So far just Uber and Disney which I'm planning on just holding for a while to see what happens. There's some other tech stocks I have my eye on but want to watch a bit longer before jumping in there
 
Bean Stox : Home - Beanstox

edit: doesn’t look like they have partial share investing any more and the app has bad reviews.
 
JimHurley said:
What did you buy? My biggest piece of advice in my short time of investing is to not go crazy over price fluctuations. I bought Uber at $25 in March, it fell the $13 the following week, now it’s at $33. So I went from -50% to +30% all within 2 months. Plan to hold.
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Discipline and commitment are huge. You only lose on an upside down purchase if you sell. I’ve bought and sold a lot of stuff like Zoom, Citrix, Tesla, Citrix and otters that shortly after went up considerably. Do your research, commit to what you’re buying, and don’t get affected by fluctuations.
 
Yesterday I dumped some things that I am less sure of long term. Consolidating and holding a lot of cash.
 
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navery12 said:
So far just Uber and Disney which I'm planning on just holding for a while to see what happens. There's some other tech stocks I have my eye on but want to watch a bit longer before jumping in there
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Not bad at all. I’m no expert, but I own both and plan on holding long-term. Even the lowest price targets for Uber are showing 20% upside. Some are showing as much as 70% upside. Disney will have a slow recovery, but it’ll be back to $150 even if it’s not for a couple years.
 
HuskyHawk said:
Yesterday I dumped some things that I am less sure of long term. Consolidating and holding a lot of cash.
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I think cash is really smart right now. Recently I got out of trading account altogether because I knew there’d be a correction and wanted to capitalize. Unfortunately I got sucked in and am fully leveraged. I’m expecting another bad first half of the day, and a rally hopefully later in the day or tomorrow after they’ve shaken people out.
 
tentoes4rings said:
Discipline and commitment are huge. You only lose on an upside down purchase if you sell. I’ve bought and sold a lot of stuff like Zoom, Citrix, Tesla, Citrix and otters that shortly after went up considerably. Do your research, commit to what you’re buying, and don’t get affected by fluctuations.
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Discipline, commitment, and another big one is to only invest money that you are sure you will not need anytime soon!
 
HuskyHawk said:
Yesterday I dumped some things that I am less sure of long term. Consolidating and holding a lot of cash.
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I have considered dumping my Berkshire Hathaway and getting into Google as well as increasing positions in Disney and JPM. I loaded up on Berkshire about a month ago because I thought Buffett would be buying a lot in this downturn, but instead he’s selling.
 
JimHurley said:
I have considered dumping my Berkshire Hathaway and getting into Google as well as increasing positions in Disney and JPM. I loaded up on Berkshire about a month ago because I thought Buffett would be buying a lot in this downturn, but instead he’s selling.
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Which is concerning.

I recently sold my entire position in the S&P 500 index fund to move my cash position up to 1/3 of my portfolio. Only holding individual names now.

Going to wait for the bottom to fall off the market and double down on some of my positions / get into a few names that I’ve missed on before.
 
Unemployment rate is going north of 20, just saw that labor participation lowest since 1973.

Stocks are still high on the stimulus measures. I just don’t see the fundamentals in a macro economic numbers dictating upward movement.

If you can pick a single stock that is doing better due to this situation (tech, consumer staples) I get it. But less jobs, less money for people mean less earnings. The economy is retracting. People spending less.

The only thing that seems to be driving these prices to the expectation of further government stimulus.

just wondering if we are in the dead cat bounce part of the crash.

Bloomberg TV seems pretty sour on the environment.

What do I know though. The more I got into the stock market after my journalism career, the less I was sure I knew about where things are going .
 
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