The Rokslide Stock Traders Thread

Okhotnik said:
The sub prime car loans plus student loan mess are a potential time bomb if the country doesn't open up. You would have thought 2008 never happened. People have short term memories. Don't take out loans for stuff that you cant afford or don't meet your budget . Problem is most Americans don't know what a budget is. I know a lot of poeple that took out 6 to 8 year loans on new cars, trucks the past few years when the economy was booming that are over 60 per cent of their annual incomes. Insane
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It’s all about “can I afford the note” these days. Nobody cares about the price they pay and the value they get!!

Won’t be long and I foresee 40yr mortgages coming


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sasquatch said:
It’s all about “can I afford the note” these days. Nobody cares about the price they pay and the value they get!!

Won’t be long and I foresee 40yr mortgages coming


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However, until we let these ppl self destruct and crash on their faces they’ll never learn and play right into socialist goals


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sasquatch said:
It’s all about “can I afford the note” these days. Nobody cares about the price they pay and the value they get!!
Won’t be long and I foresee 40yr mortgages coming
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Man I decided a few years back to start debt free living before I left the oil fields. I drove a 1992 F250 for 5 years while plunking monthly money in the bank. At the end, sold that puppy and wrote a check for a 10,000 mile 2500HD. 67,000 miles down, 233,000 to go till I need a new one! (I hope)

I have a neighbor who just bought his 16 year old a Mercedes on 7 year note, $535 a month. He was pretty excited to get it for her, he will have that payment until she’s out of college. Man it’s crazy, cheap safe car, could have paid for a lot of school instead. I tried to talk him into a $10,000 RAV4, but no luck haha, payment is only double for the Mercedes! (Twice as long too but that’s not considered)

Crazy times!
 
coop22250 said:
Man I decided a few years back to start debt free living before I left the oil fields. I drove a 1992 F250 for 5 years while plunking monthly money in the bank. At the end, sold that puppy and wrote a check for a 10,000 mile 2500HD. 67,000 miles down, 233,000 to go till I need a new one! (I hope)

I have a neighbor who just bought his 16 year old a Mercedes on 7 year note, $535 a month. He was pretty excited to get it for her, he will have that payment until she’s out of college. Man it’s crazy, cheap safe car, could have paid for a lot of school instead. I tried to talk him into a $10,000 RAV4, but no luck haha, payment is only double for the Mercedes! (Twice as long too but that’s not considered)

Crazy times!
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yep, we bought our oldest son a used Rav4 as well. pretty bulletproof vehicle!
 
coop22250 said:
Man I decided a few years back to start debt free living before I left the oil fields. I drove a 1992 F250 for 5 years while plunking monthly money in the bank. At the end, sold that puppy and wrote a check for a 10,000 mile 2500HD. 67,000 miles down, 233,000 to go till I need a new one! (I hope)

I have a neighbor who just bought his 16 year old a Mercedes on 7 year note, $535 a month. He was pretty excited to get it for her, he will have that payment until she’s out of college. Man it’s crazy, cheap safe car, could have paid for a lot of school instead. I tried to talk him into a $10,000 RAV4, but no luck haha, payment is only double for the Mercedes! (Twice as long too but that’s not considered)

Crazy times!
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Yep a good ole warren buffet quote. Price is what you pay, value is what you get!!

Both cars would do the same and I honestly would bet that rav4 would outlast that Mercedes by a lot! But, it just ain’t as flashy!!

I’m 33 and lived my whole life debt free mostly. I may not have as much as a lot of people my age but what I have is all MINE! My house, two vehicles, and two other rental houses!

Something happens or people dnt pay their rent and my life don’t change! I could lose my job and make due on a low wage job if I needed to now!

All people think about now is today, what can I get today! They dnt care about what they will have later in life!

When they get old and can’t retire they turn into socialist and want some of what the saver/investor has!!!


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NorthernMN said:
There is a good chance F goes lower then $3 before it goes to zero. They are desperate to raise cash and selling some pretty high priced debt to do so.



Ford is set pay a 9.625 per cent yield on $1bn of 10-year debt, according to people familiar with the pricing. It is also issuing $3.5bn of five-year bonds yielding 9 per cent and $3.5bn of three-year debt yielding 8.5 per cent.
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Oh how far they have fallen. A blue chip company like Ford issuing 9% bonds in a 1% interest environment wow, just wow.

The politicians have mismanaged our country into financial ruin

_____
 
Was looking at LLEX briefly tonight. Not saying it is going to blow the doors off but might be some money to be made. Thoughts?
Edit: I’m looking short term just to clarify
 
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Brozonelayer said:
It doesn’t look posted any longer. Was he saying he’s out or bearish on it?


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This is per @The1StockGuru on stocktwits.com:
Thought I’d update everyone on my market position. I recently sold all my shares to get out of the market. The reason is that I personally think the market is currently very manipulated and the facts just don’t add up...allow me to explain. 30 million people are unemployed and that number is still growing rapidly. Unemployment will most likely be 20% or so which is twice as bad as the 2008 recession...however the difference here is that 2008 was due to a bank problem...this is a dangerous virus preventing people from working and going outdoors...stopping the world from functioning. Next thing is that the feds are pumping too much cash into the economy ...already 4 trillion dollars as a new part of the deficit. The vaccine most likely won’t be made this year, so that’s a very dismal outlook for the future regarding the economy...cases and sadly passings will increase thanks to the system of capitalism. The global supply chain is destroyed at the moment as well....I’m suspecting a crash.
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coop22250 said:
Man I decided a few years back to start debt free living before I left the oil fields. I drove a 1992 F250 for 5 years while plunking monthly money in the bank. At the end, sold that puppy and wrote a check for a 10,000 mile 2500HD. 67,000 miles down, 233,000 to go till I need a new one! (I hope)

I have a neighbor who just bought his 16 year old a Mercedes on 7 year note, $535 a month. He was pretty excited to get it for her, he will have that payment until she’s out of college. Man it’s crazy, cheap safe car, could have paid for a lot of school instead. I tried to talk him into a $10,000 RAV4, but no luck haha, payment is only double for the Mercedes! (Twice as long too but that’s not considered)

Crazy times!
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My wife and I have been debt-free for a long time. I can't even imagine owing a stiff mortage, car payment etc. with this pandemic going on. It's gotta be tough out there.
 
IdahoElk said:
Numbers just in, 20 million lost jobs in April, look for the market to soar today.
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Sarcasm I assume? grin.
I'm literally turning off my computer today. I have a couple of buy limits set, but no point staring at this all day, besides I have ranch work to do.

SRG looks like a good buy, I'm set or I'd be adding heavy.
 
Broomd said:
Sarcasm I assume? grin.
I'm literally turning off my computer today. I have a couple of buy limits set, but no point staring at this all day, besides I have ranch work to do.

SRG looks like a good buy, I'm set or I'd be adding heavy.
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I figure I better do the same. Im 2 cups of coffee in and Its nothing but down red lines. Ill check back in mid-day to assess the damage.
 
Trevor73402 said:
I figure I better do the same. Im 2 cups of coffee in and Its nothing but down red lines. Ill check back in mid-day to assess the damage.
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Generally in the red today. Paypal one of few things doing well and bought hormel, VER Tyson, Delta and JetBlue at lows this morning see if end up in green today today.
 
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Sold all my shares of CDEV for a 25% profit. I think it is going to bottom out again before a strong run. It seems pretty apparent now that it was pumped HARD and new, inexperienced investors were taken advantage of. Could have sold last week for a 100% profit, but fell for the trap! I do believe in the company, but not right now with zero wells running. I may re-enter if the price drops to the .40-.50 range.

Bought more of DAL today and cost averaged down to near 22. Maybe too early, but I don’t want to miss out. I’ll continue to buy up some shares if it continues to drop.

I have about 40% cash now, so I’ll sit on it for a bit. I feel that the market is correcting a bit like Doc and a few others predicted.

Im still interested in DIS. I‘ll do sone more research before jumping in though. Anyone have thoughts on Visa, or any other cc company?
 
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