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HoneyBadger Show full post »
 
tigertrader
MEC2 wrote:
On the first bounce off bottom I'd sell 50% of stake and be at a cash neutral position on the whole trade. On the next bottom, I'd be tempted to reinvest half of my cash out back in - now holding 1.5x original shares at 50% original investment. This kind of market is often how fortunes are made. And lost...


Step 1 complete! Woot Woot! Ã°Å¸ËœÅ½
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synchr
gnat wrote:
From what I am seeing on the ground with small and medium sized businesses, the effects of this have barely begun to ripple through the economy. Not only are huge numbers of employees being laid off, but for many businesses, everything has ground to a near halt.

Few businesses have cash reserves sufficient to keep paying on leases and bank loans over an extended time frame. Landlords of all stripes will ultimately be hit hard, and their mortgages will be extremely difficult to service.

Very different and potentially far more impactive than the recession of 2008. I'm not sure that collectibles will be any manner of safe harbor. And equities markets have not fully taken into account the full scope of this.

+1
Tonights' news stated Seattle had suffered the worst of any city with 90% unemployment
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Springfield
Congratulations to all members who were able to buy some nice notes. Due to some large medical expenses my collecting will be on hold for awhile. 
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oklahomadanny
tigertrader wrote:
I should have waited longer to jump in on CCL but $8 seems like a decent bet...

Oh and the currency market had a V shaped recovery for me this morning ... ÃƒÂ°Ã…¸ËœÅ½    Maybe a dead cat bounce? ÃƒÂ°Ã…¸â„¢â‚¬
Bottom was Apr 2nd @$7.97. Talk about catching a falling knife.🙀 John moonlights as a stockbroker. 😂
[Avengers100px][CIB3-2][geronimo2] 
  *Dad* 7/21/1916-12/22/2014 *WWII Veteran* Signal Corps *
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currencytreasures
June update-- how are those stock picks doing, boys??
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MEC2
CCL was $24 yesterday, so you could have 2.5x return on your $9 buy in what, two months? Like I said, fortunes are made...
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tigertrader

Very well. Danny the trade looked good that day and you cant ever look back on a solid return like that but thankfully I held on to the houses money and it ran up higher. I did pull the trigger on most of my remaining yesterday but I still have some CCL. 

I am crazy so I have owned and bought more on way down of Cheasapeake CHK, That was probably not wise as I still expect them to file for bankruptcy but we will see. However all the shorts got caught with their pants down last Friday and yesterday. I sold of chunks at $45, $55, and $70 yesterday and made a killing on money I had already written off as a loss. And then get this, after the close a new report cam out about them still looking to pursue bankruptcy and it is falling today. Sometimes you are right and sometimes you are lucky. I love it when both occur!

Speculatively, I had pondered buying some of this hyped up Nikola CO Electric Truck maker stock but didn't. It popped 100% yesterday, DOH! I have been paring down my holdings as I expect some bumps in the road between now and November but all my retirement is fully invested so I still have significant exposure. Current speculative holding is Mind Medicine MMEDF. They are trying to develop medical treatments using psychedelics...




Share away! Maybe we need a stock thread in Off Topic?


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oklahomadanny
John, I was watching FBN around 1P.M. and saw Chesapeake down ~50% and wondered WTH? Did a search and the news was depressing. I wondered if you had investments as a gas/oil stock. Never seen a 1-200 stock split. WOW 😧 Could not figure out the crazy price swings the last week or two.  A 3 year high of $455 down to a 8.16c stock. Who's going to pay the naming right's to Chesapeake Arena in OKC the next 3 years? Since I'm poor I don't have worry about stocks. 😐
[Avengers100px][CIB3-2][geronimo2] 
  *Dad* 7/21/1916-12/22/2014 *WWII Veteran* Signal Corps *
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TookyBandit
Never enough time in the day. Would love to do more stock pick’in!

Bought FB at the IPO $38.00 ...still got it now at $238.67

I used to have Netflix at $9.00 ...too bad I didn’t hold onto that one 🤣 
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