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Market in the toilet who’s buying?

USS_Silversides

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Took a small position in GE in the 8s and kept adding down to the low 6s this month. Figure the stock is so beat to hell right now why not; I’m Larry Culp fan and think he’s the right guy for the situation. I also like to have a “pet” stock to follow for fun. Everything else I own is in various indexes.

If I’m wrong the shares will end up in my little kids’ Christmas stockings as gifts with a note that says “open in 15 years”.
Happy ending (above was from 3/24/20): Cashed out GE last week and profits are en route to CMP for a Service Grade Garand.

In hind sight, (1) most any stock would have accomplished this return and (2) I threw a dart and got lucky, nothing more. I’m happily back to a zero individual stock portfolio again.

Now back to my VT/BNDW snooze fest.
 

Varmint

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Microsoft is a different company now. They made an amazing transformation going SaaS.

Their Latin America Office sales should increase a lot. Down there almost no one owns anything purchased directly from Microsoft. People make copies and sell the product for $10. Microsoft can't do anything. SaaS killed that market.

Its just a lesson that even real strong companies can reach highs in a bubble that take a decade to retake.
 

Broccoli Iglesias

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Its just a lesson that even real strong companies can reach highs in a bubble that take a decade to retake.
I work for one that still didn't reach its dot com bubble price [laugh]

But we will get there. Or I will dump all my shares in 3 years when I move and buy another house.

Some people I work with were hired in 1999 and tell me what a massacre it was with layoffs after the bubble burst.
 
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A Fair Haven in an unfair state.
You know I was thinking.... it would be epic if someone with a lot more free time than I have:

studied who the largest hedge fund donors to the Democratic party were
identified the top 5
identified each of their top 5 sort positions (companies they're shorting)
posted the info on wall street bets and turned the army loose...

..............sit back and really watch hilarity ensue. Starve the Democratic party of some of their largest donors...
 

joseb

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Looks like the SilverSqueeze is gaining traction already. SDBullion, Apmex, JMBullion and others are all showing messages like this.

View attachment 443896
Interesting to read the premium per coin has jumped to around $5. Silver moves fast when it wants to, I'm just not convinced this move isn't another head fake. I'm 0-3 in my silver plays in the last year, maybe this is just my bitterness seeping out.
 

NavelOfficer

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Gevo Inc. (GEVO $11.24) began trading options this past week. Stock has had a run up (broke above $1 in November), likely due to being "green" no doubt.
Where will it be in 17 days?
Sell the Feb 19, 2021 $10 puts (cash-secured) for $1.25
If assigned, you will own GEVO at $8.75 a share.
If expired, you net $125 per contract or 12.5% ($125/$1000)
 
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Broccoli Iglesias

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I have a rule, don’t invest in something I can’t pronounce.
I have a friend that invests in penny stocks.
He has done well so far.

But ... he doesn't know anything about the stocks, only goes by hype generated in Reddit Penny Stock. It seems most people are that way.

I can't deal with that. To me that is too much gambling. The most gambling I will do with a stock is like when I bought AAL and DAL in March 2020. My bet was that they would get a bailout because they were too big and our gov has a history of saving businesses and Trump wouldn't risk it on an election year.

But I felt good about those companies, I didnt feel the need to look at them every single day. I also understood what they do.
 

djbradles

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Mallinckrodt is an interesting company. They’ve been around for awhile. Hit hard with the Opiod crisis and massive lawsuits. They still produce tons of pharma and will restructure under Ch.11. It’s a gamble for sure and I make some from time to time. I think they will come out of this though. Also, my sick mil takes their generic opioids which help a lot to calm her down and give her loooong naps.
 

Varmint

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I have a friend that invests in penny stocks.
He has done well so far.

But ... he doesn't know anything about the stocks, only goes by hype generated in Reddit Penny Stock. It seems most people are that way.

I can't deal with that. To me that is too much gambling. The most gambling I will do with a stock is like when I bought AAL and DAL in March 2020. My bet was that they would get a bailout because they were too big and our gov has a history of saving businesses and Trump wouldn't risk it on an election year.

But I felt good about those companies, I didnt feel the need to look at them every single day. I also understood what they do.

Yeah, this market is like 2000, when everyone thought they were a genius daytrading, cause everything went up.

I got into mining stocks from listening to podcasts for hours a day (I drive a lot for work). Then I got a few paid mining newsletters of guys I liked from all the podcasts. So I try not to invest in anything not already vetted and recommended by the 2 newsletters I follow.
 

jkelly1229

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You know I was thinking.... it would be epic if someone with a lot more free time than I have:

studied who the largest hedge fund donors to the Democratic party were
identified the top 5
identified each of their top 5 sort positions (companies they're shorting)
posted the info on wall street bets and turned the army loose...

..............sit back and really watch hilarity ensue. Starve the Democratic party of some of their largest donors...
Sounds like you got a real task tomorrow
 

NavelOfficer

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Well, what will Ford (F) do once their earnings come out this afternoon?
I hear they are suspending F-150 production due to a chip shortage.
Only the Shadow knows....

DEARBORN, Mich., Feb. 4, 2021 – Ford Motor Company ended 2020 strongly, improving its automotive and credit businesses in the fourth quarter while showing and shipping must-have new vehicles designed to delight customers, expand profitability and sustain free cash flow. “The transformation of Ford is happening and so is our leadership of the EV revolution and development of autonomous driving,” said Ford President and CEO Jim Farley. “We’re now allocating a combined $29 billion in capital and tremendous talent to these two areas, and bringing customers high-volume, connected electric SUVs, commercial vans and pickup trucks.”

"Am I right, or am I right?"
AMC down over a buck today. Did I tell you it would drop after getting my calls or what.
Post 710 https://www.northeastshooters.com/xen/threads/todays-stock-market.403894/page-24
 

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NavelOfficer

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Update on post #1693/1711...
Still long those 19 Feb $22.50 calls on VSTO?
Current bid: $9.70.
Ten days til expiration, but you can close you position now for a respectable gain.
 

djbradles

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I’m so tempted to buy OXY right now. I mean it hasn’t been this low since 2001. Any kinda crisis in the Suez or even a hard winter here has got to have that stock poppin higher, right?

Okay, so what happens next?
If we only knew (with certainty)!
FWIW, $9 low was on 18 Mar 2020
If you expect OXY to be higher in the next sixty days or so, you could (A) go long the stock, buy 1000 shares at $10.19 or $10190.00
or (B) you could also have the right to buy those 1000 shares at $9000 by purchasing 10 Jan 15, 2021 $9 calls for $2.40 or $2400.00
With (A) you are a share holder and will receive any dividends paid (marginal dividend yield). You can lose all of your money if OXY goes to Zero.
With (B) you do not own the stock and you will lose all of your money, if the option expires worthless.
Let's say we are smart and OXY is at $14 a share before Christmas:
With (A) we see our 1000 shares valued at $14000.00 +37.3%
With (B) we see our 10 calls valued at ~ $6000.00 [$5 intrinsic value (CMV - Strike price) plus about $1 Time value (option's remaining life)], +150%. You can sell (close) your option position and reap the capital gain or exercise it and purchase the 1000 shares of OXY at $9 per share (actual $11.40 including option premium paid).
Options can be traded before expiration, they can also be assigned before expiration, but usually assignment happens at expiration, if in the money.
Have at it...

I bought more Oxy and some Marathon today.
Plus some GE, for a long term bet that it will eventually recover. Or maybe I'll ride it into the ground
How we doing now with energy?

Well, imho it was inevitable for at least a doubling and now we are looking at 300% gains in some of those energy stocks and etfs. I’m up......a lot.
 

NavelOfficer

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Callon Petroleum Company (CPE) has gotten way ahead of me. I'll have to roll forward my covered calls or simply let it get called away at a lower than current price ($18.74).
 

MassPete

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I have a friend that invests in penny stocks.
He has done well so far.

But ... he doesn't know anything about the stocks, only goes by hype generated in Reddit Penny Stock. It seems most people are that way.

I can't deal with that. To me that is too much gambling. The most gambling I will do with a stock is like when I bought AAL and DAL in March 2020. My bet was that they would get a bailout because they were too big and our gov has a history of saving businesses and Trump wouldn't risk it on an election year.

But I felt good about those companies, I didnt feel the need to look at them every single day. I also understood what they do.


I mess around with the penny stocks, but never with crazy money. Bought 50,000 of WDLF last week based on hype from the stock forums. Less than $300.00. Sold half when it doubled to get my money back. Now it's their money in play. Up 480% in a week. This is Crazy!

play.png
 

toejampie

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In a similar pattern to WDLF noted above, I also made good on MCOA (and still holding it) — if you have some “spare” cash... its fun seeing what it turns into (or evaporates)

My disclaimers....Not advice by any manner....your mileage may vary....don’t bet your mortgage payment, you get the idea
 

MassPete

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In a similar pattern to WDLF noted above, I also made good on MCOA (and still holding it) — if you have some “spare” cash... its fun seeing what it turns into (or evaporates)

My disclaimers....Not advice by any manner....your mileage may vary....don’t bet your mortgage payment, you get the idea

Exactly. I watched a friend of mine lose $50,000.00 in the SPNG scam. It looked all legit and people made millions. It was a scam. I always sell off my initial investment if it doubles. It's a safe bet. The penny stocks are equivalent to Black or Red on the Roulette wheel at the casino.
 

Varmint

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Exactly. I watched a friend of mine lose $50,000.00 in the SPNG scam. It looked all legit and people made millions. It was a scam. I always sell off my initial investment if it doubles. It's a safe bet. The penny stocks are equivalent to Black or Red on the Roulette wheel at the casino.

Before my time, but there was Bre X Minerals, a gold mining company that went from $1 in 1988 to $290 five years later, before the chief Exploration officer was thrown from a helicopter and the $6 billion scam unraveled. They faked it by putting gold from jewelry or other sources into their mining core samples. [laugh]
 
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