The Rokslide Stock Traders Thread

[Okhotnik]

picked up 3 k shares of bctx at 3.38 when it dropped. Hope can flip this for 20 per cent by end of next week. Added to kmph. Should have bought more PAA yesterday.

 

[cmahoney]

The RKT I’ve been sitting on since the IPO just paid off. I didn’t sell the first time it went past $30 and learned my lesson.


Sent from my iPhone using Tapatalk

 

[HuntHarder]

For the dividend guys out there...also an energy play... check out MMP.. Pays a 10% annual dividend ... not gonna be a casino stock but should be stable at least
here's part of an article from a couple weeks ago:

Magellan Midstream Partners (MMP) is in a category of its own. It has by far the best capital-allocation record in the industry — a higher return on capital and the least (almost no) share issuance. MMP focuses on transmitting refined products (gasoline, diesel, jet fuel). It has little competition in its pipeline routes and is often a sole supplier. The beauty of the pipeline business, if it is run properly, is that it is mainly a fee-for-service business where the supplier often guarantees minimum revenues.

One concern we had with MMP was electric cars: They don’t run on gasoline. We did a lot of modeling and realized that it will take a long time before gasoline goes away. Even if sales of electric cars increase, which we think they will, the number of gasoline cars on the roads will remain stubbornly high for a long time. Electric semi-trucks are a decade behind electric cars, and airplanes are behind semi-trucks. Also, as demand for gasoline declines, pipelines will be able to raise prices (like cigarette companies are doing today).

As of this writing MMP is a $41 stock or so. It is earning about $4 today and should earn about $5.50 in 2024. It pays about $4 a share of dividends. As things come back to post-pandemic normal and its free cash flows grow, the company will either buy back stock or increase its dividend. Over the next four years we will collect at least $16 of dividends.

MMP should be trading at least at 15x earnings or $75. It was in the low $60s at the beginning of 2020 (and the 2017 high was $80). We’d argue that high, sustainable, growing dividend payments are more valuable in a near-zero (during and post pandemic) interest rate environment. Combine this with dividends, and MMP is worth around $91 to us. The stock finished trading on Feb. 19 at $41.49.

I get an alert that this is a MLP. I did a little research and it looks as tho it has some extra tax implications. I am not too familiar with them, any insight on the tax Schedule K form needed?

 

[Crowmangler]

I get an alert that this is a MLP. I did a little research and it looks as tho it has some extra tax implications. I am not too familiar with them, any insight on the tax Schedule K form needed?

I have no idea, sorry

 

[007hunter]

Glad to no longer be holding the RKT bag. I’ll probably sell at some point tomorrow and climb back in when it calms down. I do like the company long term.

 

[KsRancher]

I am going to throw a little $ at MMP tomorrow. Even if it takes 2yrs to get back to pre-covid, that's still a 25% annual return without the dividend. I'll give it a whirl.

 

[KsRancher]

I am going to throw a little $ at MMP tomorrow. Even if it takes 2yrs to get back to pre-covid, that's still a 25% annual return without the dividend. I'll give it a whirl.

That's 25% off of the initial price, not compounded.

 

[WoodDuck]

KMPH announced FDA approval last night.

 

[NDGuy]

KMPH announced FDA approval last night.

Sold them off last week to build cash for another big drop...sonofa

 

[BBob]

Charts looking like SPY is in a vulnerable position. VIX is creeping up and sitting @ 25 this morning. If the VIX keeps creeping up and SPY doesn't get a chance turn up again soon watch out.

 

[mwebs]

KMPH announced FDA approval last night.

Got in yesterday on rumors, sometimes it pays off.

 

[Theringworm]

KMPH announced FDA approval last night.

My son bought a lot of KMPH with his fake trading account a month or so ago. He is beyond pissed at me right now that he had to have a “trial of fake money investing” prior to giving him the reigns on his custodial account. Haha.. oops!

 

[Broomd]

52 week high for CDEV....$4.45.

On the other hand ATVK has been carnage on my sheet, down 500% in the last month. That's the stock the shorts attacked so badly just before/after some good company news; then they taunted the CEO.

It's never really recovered.

 

[Baddog]

you guys continuing to hold KMPH or selling?

 

[Danny Hoey]

you guys continuing to hold KMPH or selling?

Sold.

 

[BuckHunter24]

The SPAC market keeps getting redder. Ive pulled out of everything thats not under $10.50 a share. Not messing with warrants anymore, lost a decent chunk on the couple I tried. Sure wish I held onto that cdev I had at $0.28 a share

 

[back country]

Anyone jump in to some FUBO yesterday or today? They missed earnings by quite a bit, but I think there's a lot of upside to them still. I got in today when it was down about 15%.

Not sure how long I'll hold, maybe when I'm up 20% or so I'll sell it. I've already been in and out a few times with this stock and made some decent money.

 

[Broomd]

The SPAC market keeps getting redder. Ive pulled out of everything thats not under $10.50 a share. Not messing with warrants anymore, lost a decent chunk on the couple I tried. Sure wish I held onto that cdev I had at $0.28 a share

It could get crazy, but I'm going to hold some of the penny / lithium plays. They may be red for awhile, maybe not. But these stocks are the future; gotta believe that guys holding any real shares will be ridiculously wealthy. It's a matter of time and patience -- was exactly the same thing with CDEV, GTE, etc.

Btw..kudos to those who jumped on GTE, already up 10% in a day. I added 10K more shares over the last month, wanted more like 30K. That's going to be serious free money in a few months.

 

[MThoundhunter]

I'll add FUBO under $30

 

[Crowmangler]

you guys continuing to hold KMPH or selling?

sold at $16.80 .. bought specifically for this news, took the $$ & ran at 90+ %
was never a long term play for me