OT: Stock trading | Page 15 | The Boneyard

OT: Stock trading

navery12 said:
I made the mistake of buying into DAL late and now I'm just waiting for a good day to sell. The other airlines I was in early enough that I was able to sell off some when everything crashed early this week
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Airlines are so tricky. I was in DAL at 19 in March and took a quick profit. That got in UAL at 24, added more at 32 and rode it up to 38. Went up and down for weeks. Then Buffet disclosed selling a huge stand and they tanked again. Wish I had gotten back in UAL yesterday at 33 but none of us truly knew whether today would rebound or continue yesterday’s slide. Tough market with all the possible announcements that could come out any day. I would not want to be short though the day a true vaccine is announced.
 
tentoes4rings said:
Airlines are so tricky. I was in DAL at 19 in March and took a quick profit. That got in UAL at 24, added more at 32 and rode it up to 38. Went up and down for weeks. Then Buffet disclosed selling a huge stand and they tanked again. Wish I had gotten back in UAL yesterday at 33 but none of us truly knew whether today would rebound or continue yesterday’s slide. Tough market with all the possible announcements that could come out any day. I would not want to be short though the day a true vaccine is announced.
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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.
 
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Chin Diesel said:
I got in on ET at $5.02.
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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
 
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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Jay-Bone said:
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.
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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.
 
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.
 
XLCenterFan said:
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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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.
 
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.

www.bloomberg.com

Fed Will Begin Buying Broad Portfolio of Corporate Bonds

The Federal Reserve said Monday that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds.
www.bloomberg.com www.bloomberg.com
 
Chin Diesel said:
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.

www.bloomberg.com

Fed Will Begin Buying Broad Portfolio of Corporate Bonds

The Federal Reserve said Monday that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds.
www.bloomberg.com www.bloomberg.com
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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.
 
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%!
 
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?
 
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Jimdish255 said:
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?
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Transparency?? Lol.
 
XLCenterFan said:
It seems like they will just not let it crash. At some point something’s gotta give, right?
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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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Hey Adrien! said:
I joined the MGM train over the weekend and gained 6% in one day.
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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.
 
And I did get in on Hertz yesterday afternoon at $1.90. Nothing major, just wanted to take a flyer and see what happens.
 
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.
 
Scud49 said:
This is quite the reversal - the pros are chasing the new retail stock buying crowd:

www.marketwatch.com

Here come the pros, chasing the retail crowd — fund manager survey shows biggest exit from cash into stocks in more than a decade

The Bank of America monthly fund manager survey for June showed the biggest decline in cash balances since Aug. 2009, a drop to 4.7% from 5.7%.
www.marketwatch.com www.marketwatch.com
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"A net 78% say the stock market is “overvalued,” the most since 1998."

Put me in this camp. Just sold off a bunch of stock this morning to get to 50% cash in my portfolio. I've been lucky and managed to stay ahead of the market for far too long – the law of averages is a cruel mistress. The thought of trying to squeeze more toothpaste out of the tube when the world and its real-life economy are in such turmoil gives me hives.
 
Why hasn't it done anything in the last few hours? This is so boring, I might as well get back to my day job. J Pow keeping it flat now?
 
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