Normally I don't fux with stocks
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- Geist
- Big Meaty Lobster Cocks
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Normally I don't fux with stocks
But I decided to play around with an extra few grand instead of letting it sit in savings. No day trading, just picking up a few I thought could bounce back nicely eventually. AMC, Live Nation, Southwest, Dave and Buster's, BP, few other oil and entertainment. Oh and Groupon on the cheap end.
Thoughts? Whatchu do?
Thoughts? Whatchu do?
- Reservoir Dog
- Ricky
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- Evil.Fkn.Mean,Nasty
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Re: Normally I don't fux with stocks
Doing the same. Found a bunch that were $50ish before the KungFlu and now are about $10ish.
Problem is that the bounce back might be later than sooner.
Fun times!
Problem is that the bounce back might be later than sooner.
Fun times!
- B-Tender
- Christ, get a life already!
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Re: Normally I don't fux with stocks
The only addition to my portfolio was Zoom about a month ago. Ive added to some others like Crowdstrike, Datadog, and The Trade Desk.
- Evil.Fkn.Mean,Nasty
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- AnalHamster
- Doctor Chaser
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Re: Normally I don't fux with stocks
I'd avoid the airlines. Too high a risk they're coming back via chapter 11.
- beagleboy
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Re: Normally I don't fux with stocks
Why do you think now is the time to buy?
If I were you, I'd buy some mutual funds or ETFs and forget it about it. Unless you work at it or get really lucky, it's really hard to outperform the market after fees. Every investor says they outperform, the reality is that if you did an ACTUAL evaluation of their portfolio they either took on substantially more risk or had inside information. Everyone thinks THEY are the genius who can outperform. Dunning–Kruger effect in play.
Know a guy who attributes his substantial IRA to his investing intelligence and the fact he outperforms the market every year. His secretary told me he invested vast sums back in the 70's in a scheme and his real return was far less than market returns. He hired an attorney who wrote up a "bond" that was for a business they owned. He had his IRA buy the bond for $100,000 and it had a 40% interest rate attached to it that his business paid to the IRA. Boom, he was able to contribute $40,000 to his IRA and avoid taxes because the bond interest was an expense. Completely illegal and would be easily caught today but without solid computers in the 70's and early 80's it was hard to catch.
If I were you, I'd buy some mutual funds or ETFs and forget it about it. Unless you work at it or get really lucky, it's really hard to outperform the market after fees. Every investor says they outperform, the reality is that if you did an ACTUAL evaluation of their portfolio they either took on substantially more risk or had inside information. Everyone thinks THEY are the genius who can outperform. Dunning–Kruger effect in play.
Know a guy who attributes his substantial IRA to his investing intelligence and the fact he outperforms the market every year. His secretary told me he invested vast sums back in the 70's in a scheme and his real return was far less than market returns. He hired an attorney who wrote up a "bond" that was for a business they owned. He had his IRA buy the bond for $100,000 and it had a 40% interest rate attached to it that his business paid to the IRA. Boom, he was able to contribute $40,000 to his IRA and avoid taxes because the bond interest was an expense. Completely illegal and would be easily caught today but without solid computers in the 70's and early 80's it was hard to catch.
- CaptQuint
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Re: Normally I don't fux with stocks
'Ello gov'na forgetting something are we?AnalHamster wrote: ↑Fri Apr 24, 2020 4:10 pm I'd avoid the airlines. Too high a risk they're coming back via chapter 11.
Any damn fool can navigate the world sober. It takes a really good sailor to do it drunk
- CHEEZY17
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Re: Normally I don't fux with stocks
I'm not a big Apple fan boi but I bought a bunch awhile back when it was really down. So far so good.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
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Re: Normally I don't fux with stocks
By selling access to your teleconfrence and then saying OOPS.
- beagleboy
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Re: Normally I don't fux with stocks
When you bought Zoom, did you buy ZM or ZOOM? The wrong company had been outperforming the real company.
I remember when I first started there was a news piece for Microsoft (MSFT) and the stock that rushed ahead for a few hours was MFST.
I remember when I first started there was a news piece for Microsoft (MSFT) and the stock that rushed ahead for a few hours was MFST.
- B-Tender
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Re: Normally I don't fux with stocks
Before the virus Zoom was growing rapidly by selling subscriptions to businesses and higher educational sectors. It's recent boom in the public sector was really just happenstance because of the current situation. Their real income comes from the business platforms they offer.
When I first bought shares, it was already well off it's high. Then the lack of security concerns drove it down, well below where I bought it. It has since rebounded and is up significantly from where I entered.
- Geist
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- Evil.Fkn.Mean,Nasty
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Re: Normally I don't fux with stocks
Thanks. And good for you for not bailing.B-Tender wrote: ↑Fri Apr 24, 2020 7:18 pmBefore the virus Zoom was growing rapidly by selling subscriptions to businesses and higher educational sectors. It's recent boom in the public sector was really just happenstance because of the current situation. Their real income comes from the business platforms they offer.
When I first bought shares, it was already well off it's high. Then the lack of security concerns drove it down, well below where I bought it. It has since rebounded and is up significantly from where I entered.
- CHEEZY17
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Re: Normally I don't fux with stocks
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
- CHEEZY17
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Re: Normally I don't fux with stocks
My 3 latest individual buys:
Apple + 3.4%
Exxon/Mobile + 1.7%
Facebook (last year) + 5.7%
Apple + 3.4%
Exxon/Mobile + 1.7%
Facebook (last year) + 5.7%
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
- Charliesheen
- Snarky Fucker
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Re: Normally I don't fux with stocks
https://finance.townhall.com/columnists ... n-n2113143
I'm considering this adjustment for about 15% of my portfolio.
I'm considering this adjustment for about 15% of my portfolio.
A cunt is a cunt by any other name.
- CaptQuint
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Re: Normally I don't fux with stocks
Zoom shares drop 6% as Facebook rolls out free video calls for up to 50 people
https://www.cnbc.com/2020/04/24/zoom-st ... il-30.html
https://www.cnbc.com/2020/04/24/zoom-st ... il-30.html
Any damn fool can navigate the world sober. It takes a really good sailor to do it drunk
- B-Tender
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Re: Normally I don't fux with stocks
I read about that on Friday. Probably a good time to add shares. Facebook isn't a threat to Zoom here.CaptQuint wrote: ↑Mon Apr 27, 2020 7:34 pm Zoom shares drop 6% as Facebook rolls out free video calls for up to 50 people
https://www.cnbc.com/2020/04/24/zoom-st ... il-30.html
- CaptQuint
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Re: Normally I don't fux with stocks
From what I just read you're correct facebook won't be used in a professional settingB-Tender wrote: ↑Mon Apr 27, 2020 7:54 pmI read about that on Friday. Probably a good time to add shares. Facebook isn't a threat to Zoom here.CaptQuint wrote: ↑Mon Apr 27, 2020 7:34 pm Zoom shares drop 6% as Facebook rolls out free video calls for up to 50 people
https://www.cnbc.com/2020/04/24/zoom-st ... il-30.html
Any damn fool can navigate the world sober. It takes a really good sailor to do it drunk
- B-Tender
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Re: Normally I don't fux with stocks
Exactly.CaptQuint wrote: ↑Mon Apr 27, 2020 7:59 pmFrom what I just read you're correct facebook won't be used in a professional settingB-Tender wrote: ↑Mon Apr 27, 2020 7:54 pmI read about that on Friday. Probably a good time to add shares. Facebook isn't a threat to Zoom here.CaptQuint wrote: ↑Mon Apr 27, 2020 7:34 pm Zoom shares drop 6% as Facebook rolls out free video calls for up to 50 people
https://www.cnbc.com/2020/04/24/zoom-st ... il-30.html
- B-Tender
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Re: Normally I don't fux with stocks
I just looked, ZM shares were at $151 in that article. They are at $165 today.
- CHEEZY17
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Re: Normally I don't fux with stocks
My "Covid Crash" picks:
Apple: +16%
Exxon/Mobile: +6%
After the Facebook crash:
Facebook: +29%
Right now I'm thinking about Costco and Shopify. Havent pulled the trigger on either yet.
Apple: +16%
Exxon/Mobile: +6%
After the Facebook crash:
Facebook: +29%
Right now I'm thinking about Costco and Shopify. Havent pulled the trigger on either yet.
"When governments fear the people, there is liberty. When the people fear the government, there is tyranny."
- Animal
- The Great Pretender
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Re: Normally I don't fux with stocks
the only thing i bought, about a month ago (I posted it on that day) was an index mutual fund. i was going crazy trying to pick one or two individual stocks.
- B-Tender
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Re: Normally I don't fux with stocks
Closing price on Apr 24 vs May 20:
Crowdstrike-$72/$80.98
Zoom-$158.80/175.48
Datadog-$41.81/70.70
The Trade Desk-$256.63/297.10