OT: Stock trading | Page 159 | The Boneyard

OT: Stock trading

HuskyHawk said:
Not me. Tech got too cheap. While Oil is driving some of the current issues, so is a huge shortage of semiconductors. Tech is massively deflationary. There is a spending slowdown as every company is cautious. But the only way out will be to invest more in technology to reduce costs. Might take some time.
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I don't think you see the full picture of what's actually taking place, but best of luck to you.
 
huskyinfl said:
I don't think you see the full picture of what's actually taking place, but best of luck to you.
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Please enlighten us. If there's more to the picture I'd probably stockpile food and guns in a cabin in the woods.
 
I see oil coming down to the 75/80 level due to demand destruction and SPR flooding into market. That ends end of Sept, expect some delay effect and prices should increase between then and before/after Mid-terms. At the same time we are waiting for the fed pivot which afterwards should cause equities drop/crash and oil/commodities flash crash. Im looking to pick up more RIG, Silver miners/streams/royalties.
 
huskyinfl said:
I don't think you see the full picture of what's actually taking place, but best of luck to you.
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If you have enough in your account to day trade, UT doesn't matter. You can move in and out as you please without incurring a round trip warning.

You can make a lot of money on the volatility of this up and down market.

I agree that the warning signs are ominous, but a good strategy and a strong stomach for risk can make you monet or break your bank.
 
B1GEast said:
I agree that the warning signs are ominous, but a good strategy and a strong stomach for risk can make you monet or break your bank.
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Clueless-Monet.gif
 
B1GEast said:
If you have enough in your account to day trade, UT doesn't matter. You can move in and out as you please without incurring a round trip warning.

You can make a lot of money on the volatility of this up and down market.

I agree that the warning signs are ominous, but a good strategy and a strong stomach for risk can make you monet or break your bank.
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Exactly.
Keep the core that you never sell, but if something pops - sell - buy again. I am just encouraging profit taking.
 
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huskyinfl said:
Exactly.
Keep the core that you never sell, but if something pops - sell - buy again. I am just encouraging profit taking.
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The daily swings are crazy, down at the opening bell, then up 100 points at the close.

You can make a lot of money by beta trading in a volatile market. It's not for everyone
 
HuskyHawk said:
Please enlighten us. If there's more to the picture I'd probably stockpile food and guns in a cabin in the woods.
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First off, I want everyone associated with UConn to be successful. I just know that I know nothing and risk management is key right now. Part of this recovery is that there must be destruction of people, businesses and currency and I just don't want to be on the destroyed side. When global hegemony is on the table, I think a lot of rules dissolve and a lot of surprises can be coming.
 
DaddyChoc said:
Still haven’t… how able Google?
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Nah. I believe we haven’t bottomed yet. But they’re cheap enough that maybe for them they have. I’m going to focus more on commodities right now. Maybe adding shop and Amazon
 
I got absolutely kicked in the testicles with VTGN on Friday. Had a nice run up until a failed drug trial derailed things. Only have a few thousand shares and is a very small holding overall but it was down 85% on Friday. Never had that happen before…
 
Kicking myself for not jumping into a 3x bear fund.

Starting to think Roubini is right and went straight to cash this morning. I could have easily jumped into a bear fund and made 6 percent on today's decline and then sold at the bell. Too bad, so sad.

I think Thursday will be a day that sets the tone for market going forward. The Feds speak and a lot of companies will release earnings.

I'd rather be out for a few days if not more.
 
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MSFT and GOOG both report missed earnings after market.

Tomorrow will bumpy day.

I think we're in a recession
 
Excalibur said:
And the stock pops on the news. Nothing makes sense.
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"Pops" It's cheap. The issues facing both MSFT and GOOG are almost entirely macro in nature, not specific to the companies. They missed but they missed less than expected. Numbers roughly in line with last year despite the macro challenges.

1658930397496.png
 
HuskyHawk said:
"Pops" It's cheap. The issues facing both MSFT and GOOG are almost entirely macro in nature, not specific to the companies. They missed but they missed less than expected. Numbers roughly in line with last year despite the macro challenges.

View attachment 77796
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It may in fact be cheap, but given the current climate, it also might not have bottomed.

Nothing wrong with buying either now with a long term outlook, but it's possible that if the recession isn't as shallow as thought, there still might be some room to buy at a better strike price, who knows?
 
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HuskyHawk said:
"Pops" It's cheap. The issues facing both MSFT and GOOG are almost entirely macro in nature, not specific to the companies. They missed but they missed less than expected. Numbers roughly in line with last year despite the macro challenges.
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Cloud # beats both companies
 
Da_Aisijimo_Gou said:
Cloud # beats both companies
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Azure projected to grow 43% in the MSFT report to analysts. As with Amazon (where retail loses money), too many folks don't realize where much of the revenue comes from with MSFT and GOOG.

And yes @B1GEast I have no idea what the actual bottom is, but I am pretty sure it isn't much lower for either company. In this climate I'd be looking at deleveraged companies, with a wide moat and strong supply chain. Their smaller highly leveraged competitors are going to get wrecked by the current macro environment.
 
B1GEast said:
MSFT and GOOG both report missed earnings after market.

Tomorrow will bumpy day.

I think we're in a recession
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Bumpy indeed. Luckily a bump up. Reading the stock market is sometimes harder than betting on sports.
 
StllH8L8ner said:
I got absolutely kicked in the testicles with VTGN on Friday. Had a nice run up until a failed drug trial derailed things. Only have a few thousand shares and is a very small holding overall but it was down 85% on Friday. Never had that happen before…
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Damn son, that blows
 
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HuskyHawk said:
Down early, bounced back.

Season 4 Flirting GIF by Friends
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This is why I never even open my statements. For almost 30 years now.

The only time I've looked is when I had to fill out some CSS forms for potential financial aid for our kids' college, which was a total waste of time.

Except last week I got a statement for a rollover 401k from a job I left almost 25 years ago and I was curious what was in it (more than I expected!). The first page showed my asset breakdown as 100% stocks, and my suggested asset breakdown for my age showing around 30% bonds. Thinking I should probably make some adjustments on that point at some point soon.

But my point is that I am probably the furthest thing from @B1GEast 's day-trading mentality.
 
huskyinfl said:
First off, I want everyone associated with UConn to be successful. I just know that I know nothing and risk management is key right now. Part of this recovery is that there must be destruction of people, businesses and currency and I just don't want to be on the destroyed side. When global hegemony is on the table, I think a lot of rules dissolve and a lot of surprises can be coming.
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Possible abridged version: East vs West Taiwan? ????? @huskyinfl
 
8893 said:
This is why I never even open my statements. For almost 30 years now.

The only time I've looked is when I had to fill out some CSS forms for potential financial aid for our kids' college, which was a total waste of time.

Except last week I got a statement for a rollover 401k from a job I left almost 25 years ago and I was curious what was in it (more than I expected!). The first page showed my asset breakdown as 100% stocks, and my suggested asset breakdown for my age showing around 30% bonds. Thinking I should probably make some adjustments on that point at some point soon.

But my point is that I am probably the furthest thing from @B1GEast 's day-trading mentality.
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Others are bigger experts than I am. The 30% bonds and sliding up for people our age was spot on in the 80s (when I majored in finance) and probably 90's. But the tendencies of the fed on interest rates has made the bond market more volatile than it was. It was also based on people retiring and dying earlier. Now if you shift out of equities too soon you may regret it in later years. I think dividend stocks, even utilities are a better play than bonds. I bought DUK (Duke energy) for my IRA years ago. It's solid as a rock in down times but still goes up over time and averages a 4% yield.
 
HuskyHawk said:
Others are bigger experts than I am. The 30% bonds and sliding up for people our age was spot on in the 80s (when I majored in finance) and probably 90's. But the tendencies of the fed on interest rates has made the bond market more volatile than it was. It was also based on people retiring and dying earlier. Now if you shift out of equities too soon you may regret it in later years. I think dividend stocks, even utilities are a better play than bonds. I bought DUK (Duke energy) for my IRA years ago. It's solid as a rock in down times but still goes up over time and averages a 4% yield.
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Seeing as I don't expect to retire--ever--this is probably even better advice for me.
 
I am holding a much larger cash position than I typically hold.

Any suggestions on how to hold cash/ a liquid position in these more turbulent times ?
 
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