OT: Stock trading | Page 108 | The Boneyard

OT: Stock trading

temery said:
I added Transocean to my stock market challenge last week, and thought I did the same in my brokerage acct. damn, the brokerage account buy didn't go though.

RIG has become damn near a penny stock for a while, and is up 37% in three days.
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Never pulled the trigger. I'm a chicken ass investor.


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It isn't at all exciting, or subject to dramatic increases, but one ETF I like is MOAT. It's a passively managed index ETF. For people looking for something less speculative.
 
Deepster said:
He didn’t really say anything other than Black Rock buying up 6% of the shares. What did I miss?
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Percentage of shorts still very high, AMC will be on a SSR List, makes comments on volume, and the trends compared to GME.
 
HuskyHawk said:
I bought some at 23.45 last week. Anybody have thoughts on LTC? It seems less talked about.
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LITE and BCH have been laggers (both related to BTC). I have a lot of LITE and for now I'm being patient- but if it stalls more then another month or so I will prob exit half my position and put it somewhere else. BCH might have a bigger upside in the long run (its old high is $4000 ish).
I think you are safe a these levels barring an overall crash in the markets. But LINK (as I am sure you know) is an oracle -they are not easy to form and are more like buying into a company. LITE is strait up currency.
Short answer- LITE is still a good buy but need to see some movement soon for me to stay a holder- simply because my money could work harder for me elsewhere in crypto. I could look and give you some levels if you would like to c what our charts are telling us.
 
HuskyHawk said:
I bought some at 23.45 last week. Anybody have thoughts on LTC? It seems less talked about.
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I use to own some back in the day. I really think it depends on your digital asset philosophy. To me, it is just a faster version of Bitcoin but doesn't provide any real-world value besides being a store of value. It used to be that Bitcoin, and still is to a certain extent, the gateway to the crypto space. For a long while you had to buy Bitcoin first, then exchange it for any other coin you wanted. However, that is becoming less and less the case these days, as companies like Uniswap, Sushiswap, and Kyber Network are solving that issue.

Ethereum is not only an ecosystem that different companies can build upon (chainlink/synthetix/everything), but is also starting to be looked upon as a store of value as well. So imo, it is by far the better long term investment compared to btc/litecoin, I think Bitcoin just has a first-mover advantage and name recognition.

Personally, I think Ethereum and decentralized finance companies like chainlink, synthetix network, Aave, etc... are going to be the big winners.
 
UConnSwag11 said:
can someone settle wth is going on with AMC and GME? Are the algorithms doing this? Are people just dumping? Will there be massive buying soon? Is this all related to expiring options?
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Got this off Reddit.

Where are the Shares?

wherearetheshares.com wherearetheshares.com

Watch video in link about FTD (failure to deliver) % shares of GME and is a major reason why we’re at where we’re at right now
 
Waquoit said:
Maybe that why you were able to retire early!
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Perhaps. But I took everything out of the market when I retired in 2015. I would have been far better off had I left everything in the S&P index fund. No regrets.

What sucks is there is no safe option like my mother and grandmother had. They were able to buy bonds making 8+%. I have a former coworker who put $10k in bonds in the late 70s/early 80s for each of their kids college fund. Kids graduated in the late 90s and they didn't have to pay a dime out of pocket for their kids college education.

These low rates are great for those refinancing. They suck for retirees.
 
temery said:
Perhaps. But I took everything out of the market when I retired in 2015. I would have been far better off had I left everything in the S&P index fund. No regrets.

What sucks is there is no safe option like my mother and grandmother had. They were able to buy bonds making 8+%. I have a former coworker who put $10k in bonds in the late 70s/early 80s for each of their kids college fund. Kids graduated in the late 90s and they didn't have to pay a dime out of pocket for their kids college education.

These low rates are great for those refinancing. They suck for retirees.
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Don't forget, when bonds were paying 8% inflation was even higher. It's better now.
 
Waquoit said:
Don't forget, when bonds were paying 8% inflation was even higher. It's better now.
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If you bought the right bonds, they kept paying. And inflation affecting retirees is over inflated, for lack of a better word.
 
temery said:
If you bought the right bonds, they kept paying. And inflation affecting retirees is over inflated, for lack of a better word.
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That's exactly right, but at the time that investment was made, inflation was much higher, so in real terms the yield on that bond was much less although I would imagine more than real yields are today.

Obviously, in hindsight it was a great investment in today's environment of ultra low interest rate and inflation. To say nothing of the capital appreciation if you wanted the liquidity.......which you could then invest in GameStop :)
 
uconndogs said:
That's exactly right, but at the time that investment was made, inflation was much higher, so in real terms the yield on that bond was much less although I would imagine more than real yields are today.

Obviously, in hindsight it was a great investment in today's environment of ultra low interest rate and inflation. To say nothing of the capital appreciation if you wanted the liquidity.......which you could then invest in GameStop :)
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Using my grandmother as an example, she owned the house, drove the same car for 20 years, never traveled ... I don't see how inflation affected her outside of utilities and food purchases.
 
temery said:
Using my grandmother as an example, she owned the house, drove the same car for 20 years, never traveled ... I don't see how inflation affected her outside of utilities and food purchases.
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Sure, but I think most of us don't want inflation to reduce our standard of living over time. To your point, I think as you really get on in years inflation is less of a concern as you're probably not going to Europe or getting a new car in your 90s.
 
temery said:
Using my grandmother as an example, she owned the house, drove the same car for 20 years, never traveled ... I don't see how inflation affected her outside of utilities and food purchases.
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Inflation caused rising taxes,which is the worst thing for a fixed income individual.
 
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