I was fortunate to but into GTE at .60 a few weeks ago, which helps me to comfortably avoid any temptation to sell at what would currently be a 45% loss. *sigh*
Thankfully, BOXL has carried that heavy bag for me the last few days. Ya win some, ya lose some -- hopefully ya win more than ya lose.
One theory I've seen is that the "bankruptcy" word is floated out in order to encourage debt holders to protect their skin in the game by allowing more time. If that's true, and debt holders comply, the stock price should benefit. If not, it's gonna sting.
FET is getting killed too. The "B" word was mentioned in the context of financial restructuring, and the market freaked. It's either a great time to double down, or a great time to light some cash on fire. Not sure which.
Sent from my SM-G973U using Tapatalk
I was referring to CDEV, which is a festering turd with the rest of oil right now. But I agree with you on TSLA. It's at an irrational stock price. Lots of things seem irrational in the market now. Gives me the heebie jeebies knowing that my portfolio is staked on this weirdness.
Sent from my...
I've been in on CJJD for about 2 weeks at 1.56. It was hovering around 1.90 for most of last week until the delayed ER. Looks like the new ER date is speculated (is this not required to be a definitive date?) to be next Monday, 7/6. I think I'll try to unload this week if it bumps green for me.
I think it'll regain momentum as the new ER date approaches. There seems to be a lot of buzz over these COVID plays, and whether it's legit or not almost seems irrelevant in the near term. These penny stocks are a strange animal.
Sent from my SM-G973U using Tapatalk
I really appreciate the various perspectives everyone has offered here. Thanks for all of the input! I have some more pondering to do. Good thing is, I think time is on my side. My current circumstances are stable all around. It's a good place to be, all things considered.
Sent from my SM-G973U...
I'm currently splitting an apartment with my sister, and if I buy a house in the same general area, she'd be willing to live with me for the exact amount you suggested. That is a huge factor in this decision, and I've adjusted my search area accordingly.
But the more I research this, the more...
This pretty much describes the situation here in Waukesha County, except I think houses get a dozen or so offers, not 100+ (that's insane!). The house I looked at last night was priced at $345k, a 1600 sq ft ranch with 8' ceilings on .5 acres, 3 small bedrooms, 1.9 baths (one was a coffin), had...
This cuts to the core of it. Apparently 30% of housing payments were missed/skipped in the June report. Foreclosures/emergency selling will flood the market, and increased supply will drive prices down similar to the bubble in '08. At least that's what I've read. But who knows? That's the big...
I haven't come across any speculations that prices will increase. Seems like the general consensus is prices will decrease with rising interest rates and higher inventory.
This is another good question. If I choose not to buy now, I will likely continue living in an apartment that will be a good bit cheaper than the house I would've owned. If I was renting an equivalent living space, I think the choice would be much more obvious.
I just set up a calculation comparing the buy-now scenario with buying in 3 years. If the houses devalue by 20%, but interest rates rise to 5.22%, I break even on the devaluation on the house. So that leads to the obvious question: what are the odds of the houses in this area devaluing more than...
This stock has been the weirdest one I've seen yet. That Hinderburg hit piece seems to have taken a massive toll. I see speculation about lawsuits and libel against them. Some point out that big institutions have invested there and argue that it proves IDEX's legitimacy. But it's hard to know...