The Rokslide Stock Traders Thread

[rob86jeep]

On a positive note, maybe airlines/plane companies will build some "social distancing" into legroom and elbow room on planes now, lol.

 

[EastMT]

On a positive note, maybe airlines/plane companies will build some "social distancing" into legroom and elbow room on planes now, lol.

Man I hope so, raise the prices I’ll pay for the extra room.

I don’t know the future of cruise lines, but I sure wouldn’t want to risk being stuck on one, locked in a room for weeks.

 

[Bobbyboe]

On a positive note, maybe airlines/plane companies will build some "social distancing" into legroom and elbow room on planes now, lol.

Man wouldn’t that be great! Won’t hold my breath though. Haha. Side note, frontier airlines has an option to pay an extra $30 (I think) to guarantee no one sits next to you. Interesting for sure.

As far as today, watched CDEV like a hawk, and bought into MRO and DFS at their lows. Held tight onto everything else, just waiting. Felt good about the purchases. DFS has a good dividend, in addition to future growth due to Covid and natural worldwide CC use. At least that’s the hope! Haha. If it drops I’ll price average on the way down.

I may just cost average into some etf’s from here on out since I’m so new. Don’t want to get in over my head and screw up.

Doc, and Coop what are you guys up to? Any trends, patterns or general observations you guys see? Buying or holding cash?

 

[cmahoney]

You guys don’t think Asian cruise operators are a good buy right now?


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[EastMT]

Man wouldn’t that be great! Won’t hold my breath though. Haha. Side note, frontier airlines has an option to pay an extra $30 (I think) to guarantee no one sits next to you. Interesting for sure.

As far as today, watched CDEV like a hawk, and bought into MRO and DFS at their lows. Held tight onto everything else, just waiting. Felt good about the purchases. DFS has a good dividend, in addition to future growth due to Covid and natural worldwide CC use. At least that’s the hope! Haha. If it drops I’ll price average on the way down.

I may just cost average into some etf’s from here on out since I’m so new. Don’t want to get in over my head and screw up.

Doc, and Coop what are you guys up to? Any trends, patterns or general observations you guys see? Buying or holding cash?

I’m just sticking to the plan. Every payday auto deposit I buy a little SPHD, TDIV, or FVD, then shop around for a decent stock or a dip in one of my other ones. I have a lot of different stocks, tires, cars, gold, utilities, consumer(REYN), Tyson, AXTA, AFLAC, ATT, etc. I’m sticking with pretty big companies that have decent history. You can’t go wrong long term with credit cards, they could take a hit here if too many people are unemployed but those are long term uptrends, with small corrections. I’m just buying a bit here in there, no huge purchases.

There’s a ton to be made in oil swings right now if you have the time and balls, I’m just slow n easy investment.

Same with pennies, I snoop on Twits a bit and troll around once in awhile for a $100 penny gamble, but it’s just a lottery ticket for fun. I also don’t shoot for the moon, if I can make $50-60 I’m out, use that to buy more SPHD, TDIV, FVD or similar. The problem with pennies is these groups get together, slowly buy a penny that’s laying there flat then after accumulation they start pumping it 10% or so, start talking about it all over the place. As it races up they start cashing in while telling everyone to hold till fall, it’s going to $10, throw some news in there that seems to prop it up, by the time you get in it’s 75% to the top, and starts down before you are ready to bail because you saw rockets and it’s just a drop, don’t worry, be back tomorrow. So then there are piles of bag holders losing half and they are rolling it dough. If you do this, be happy with a decent gain and bail, there’s no easy quick money(usually).

I do have cash waiting for GT. 2002-2003, 2008-2009 it dropped to about $3.50, I made a killing as both times it rebounded to $30 within 4 years. I’m hoping to buy in again with a huge chunk, let it ride for several years. They seem to drop heavily with OEM tires a large chunk, no miles driven so no new tires, construction tire use down, etc. I do think this will be a slower recovery than the last 2, so it may take longer, or it may go bankrupt but I’m going to try it anyway.

 

[Doc Holliday]

Doc, and Coop what are you guys up to? Any trends, patterns or general observations you guys see? Buying or holding cash?

Last week I bought BIDU, AMZN, BABA, MSFT, PYPL, and FB. Was tempted to capture gains in PYPL today but held off. I'm sitting at 8% cash right now. If we get another decent rally I will lock in some more gains and move closer to 40-50% cash.....maybe one foot in and one foot out. Main street troubles are coming hard this summer, and eventually it has to trickle up and cause heartburn on Wall Street. I believe names like the above will be more insulated than others, but what do I know....

 

[Brightwhite]

Thanks for comments overall here, fellas, I am a NOVICE at trading, but share what I can good and bad. There are others here that are far more knowledgable.

Rsmlo, respectfully you are wrong about deferring to any 'guru that sold." Complete fabrication!
MrDaytraitor is the 20 or 21 year old young man I referred to and he's currently holding 167K? shares there. He hasn't sold a single share. Today he posted a screen shot of his current holdings and he's down very deep but is holding long.
I (still) give the kid props for his patience but as far as his actual knowledge, I'll defer to my own due diligence.
Most at stocktwits like the kid for his passion, not necessarily his stock prowess, he's 20 or 21! y/o for goodness sake.
It's been said here by several that trading penny stocks are like hitting the casino, and I agree. They aren't the core stuff solid portfolios are made of.

EDIT>>>Found his posting from this morning....

[/QUOTE]

I look forward to sending you dinner when we hit $3 on CDEV!

FET just had great earnings (considering) and is another fun one to get in on.

 

[Brightwhite]

I sold HD at $210 and I really wish I hadn’t done that. I really don’t know why I did, other than I was up big and took gains, but that was dumb.

congrats to anyone holding that one.

 

[Broomd]

Surf and turf my friend, I hope it happens for all of our bottom lines, I really do.

 

[Brightwhite]

Surf and turf my friend, I hope it happens for all of our bottom lines, I really do.

Surf N Turf might take a little more than $100 if you’re having a fine cocktail!

 

[Clarktar]

Surf and turf my friend, I hope it happens for all of our bottom lines, I really do.

Just done eating scallops, spot prawns, and backstrap.



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[Broomd]

Ha! My wife is preparing shrimp right now....her shrimp egg-foo-young recipe rivals the best Chinese joints.

 

[Broomd]

Cruise lines are one that I'm scared may really go bankrupt. I have a positive outlook on most major companies, but people have long memories and I'm not so sure anybody but the "hard core" cruisers will be back anytime soon.

You're not alone. It's the one sector I have not touched. Don't think I can honestly.

 

[BrokenArrow]

I am curious to see if the bears take the market back over today. Seemed decently bullish yesterday. S&p 500 didn’t break 2900 yesterday, but closed up 1.15% for the day.
This jobs report is going to get people fired up this morning. I’m curious to see if this afternoon is gonna be a sell off and holds the bears in control, starting a retest.
I've dropped positions (Oil, tech) to get back to 75% cash in prep for a retest. Keep in mind, those were all short positions. My longs are still holding steady, hopefully for years.
I could be completely wrong about my short positions, but I don’t understand how we could print this much money (4 trillion), default ~15-20% of our housing market, 2nd wave of covid, negative interest rates, unemployment #’s, etc...and come out clean for a long while.
Please tell me otherwise If you believe so. This is meant for discussion.

P.s. - Just dropped at 6:30am - unemployment rate for April - 14.7% - that’s just nuts!

 

[Okhotnik]

Ha! My wife is preparing shrimp right now....her shrimp egg-foo-young recipe rivals the best Chinese joints.

looks like airlines paid off . AAL

congrats

 

[Broomd]

looks like airlines paid off . AAL

congrats

+1.......Actually just noticed that.

 

[Doc Holliday]

I am curious to see if the bears take the market back over today. Seemed decently bullish yesterday. S&p 500 didn’t break 2900 yesterday, but closed up 1.15% for the day.
This jobs report is going to get people fired up this morning. I’m curious to see if this afternoon is gonna be a sell off and holds the bears in control, starting a retest.
I've dropped positions (Oil, tech) to get back to 75% cash in prep for a retest. Keep in mind, those were all short positions. My longs are still holding steady, hopefully for years.
I could be completely wrong about my short positions, but I don’t understand how we could print this much money (4 trillion), default ~15-20% of our housing market, 2nd wave of covid, negative interest rates, unemployment #’s, etc...and come out clean for a long while.
Please tell me otherwise If you believe so. This is meant for discussion.

P.s. - Just dropped at 6:30am - unemployment rate for April - 14.7% - that’s just nuts!

My neighbor made an interesting point this morning. The vast majority of layoffs are coming from hospitality/restaurant/travel industries, thus are affecting primarily lower income earners/hourly and part-time workers. This is in contrast to the Great Recession where there were cuts across all industries, but especially in financial services and banking, where many of those people were making $100-600K/per year. The effect from those consumers in the Great Recession being taken out of the economy and defaulting on their loans, was significantly greater on average, than the effect of the average consumer being laid off in the current pandemic.... Just another data point to ponder among the hundreds we get bombarded with daily.

 

[Okhotnik]

My neighbor made an interesting point this morning. The vast majority of layoffs are coming from hospitality/restaurant/travel industries, thus are affecting primarily lower income earners/hourly and part-time workers. This is in contrast to the Great Recession where there were cuts across all industries, but especially in financial services and banking, where many of those people were making $100-600K/per year. The effect from those consumers in the Great Recession being taken out of the economy and defaulting on their loans, was significantly greater on average, than the effect of the average consumer being laid off in the current pandemic.... Just another data point to ponder among the hundreds we get bombarded with daily.

I have a good friend who's a recruiter for tech companies like Microsoft, amazon and tech jobs at uber. I just spoke to him yesterday and he advised that this quarantine is resulting in a lot fewer openings in tech companies and that lay offs are starting so appears possibly affect all sectors of economy.

 

[KurtR]

i bought some DFEN low for a long hold. If it goes up even 20% of what it was it will pay for a hunting trip

 

[5MilesBack]

Side note, frontier airlines has an option to pay an extra $30 (I think) to guarantee no one sits next to you. Interesting for sure.

This is what is idiotic. Here they are beating on people and making arrests because people aren't "social distancing", but then the airlines think they can (or are even allowed to) put people next to each other on a plane????? Big disconnect with logic here.

And here's a bigger disconnect.........the world is talking about the biggest recession to ever hit the world, yet our stock market is up near all time highs???????? Who's running this show?