SpursTalk Investment Club

[DC23]

The official thread for all SpursTalk investors. Anything related to investing and the stock market belongs in this thread.

[DC23]

XOM limit order $65.00 filled. Adding to my position, 5.21% dividend yield.

[DC23]

Adding to XOM position today at $63.50. Long live XOM!

[Trill Clinton]

Good thread. Hope some of the ST ballers can drop knowledge.

[Fabbs]

Pot stocks.
Will the prophesied huge jump ever happen?

Couple years ago I was told the Don would legalize it in the U.S. for votes in this election year. (Pretty sure the Demons might pull the same stunt).
But is that gonna happen? Doesn't look like it, already Feb.

[SpursforSix]

Adding to XOM position today at $63.50. Long live XOM!

It's hard for me to take you seriously after you went and saw Bad Boys for Life expecting something different.

[DC23]

It's hard for me to take you seriously after you went and saw Bad Boys for Life expecting something different.
Oh I wasn't expecting anything different, just saw it for fun. Added to XOM position again this morning at $62.20.

[SpursforSix]

Oh I wasn't expecting anything different, just saw it for fun. Added to XOM position again this morning at $62.20.

If you're set on doing that, I'd be selling calls as well.

[DC23]

If you're set on doing that, I'd be selling calls as well.
XOM haters gonna hate but I'm off to the bank Cha-Ching! Every 13 weeks like clockwork. Keep compounding on dividend aristocrat XOM. It takes a lot of courage to buy things no one else wants, until suddenly everyone wants it.

[LaMarcus Bryant]

Pot stocks.
Will the prophesied huge jump ever happen?

Couple years ago I was told the Don would legalize it in the U.S. for votes in this election year. (Pretty sure the Demons might pull the same stunt).
But is that gonna happen? Doesn't look like it, already Feb.

The few that i took a look at seem to be doing very poorly from when all those articles were hyping them up in early 2019 lol.

[LaMarcus Bryant]

XOM haters gonna hate but I'm off to the bank Cha-Ching! Every 13 weeks like clockwork. Keep compounding on dividend aristocrat XOM. It takes a lot of courage to buy things no one else wants, until suddenly everyone wants it.

Why's it selling so relatively low right now

[DMC]

INO

[DC23]

INO
When did you buy? Are you speculating a new drug approval?

[DMC]

When did you buy? Are you speculating a new drug approval?
Inovio Collaborating With Beijing Advaccine To Advance INO-4800 Vaccine Against New Coronavirus In China
January 30, 2020

[Spurtacular]

XOM haters gonna hate but I'm off to the bank Cha-Ching! Every 13 weeks like clockwork. Keep compounding on dividend aristocrat XOM. It takes a lot of courage to buy things no one else wants, until suddenly everyone wants it.

Warren Buffet said something about seeing opportunity where others see fear. I try to keep that in mind.

Didn't think I'd see the day that XOM went down this much relative to the market; but energy market in turmoil right now.

It's a great dividend stock, but I can see it dropping under $50 and even $40.

You might want to think about solidifying at the right time and finding something better to spend your money on in the meantime.

[SnakeBoy]

XOM haters gonna hate but I'm off to the bank Cha-Ching! Every 13 weeks like clockwork. Keep compounding on dividend aristocrat XOM. It takes a lot of courage to buy things no one else wants, until suddenly everyone wants it.

Been buying CHK this week. Risk On.

[Spurtacular]

Been buying CHK this week. Risk On.

I lost a good chunk of change on them, tbh.

You can make a good percent on them day trading right now. But long term, something is up with them. I haven't went back to that well.

[SnakeBoy]

I lost a good chunk of change on them, tbh.

You can make a good percent on them day trading right now. But long term, something is up with them. I haven't went back to that well.

I've been swing trading it for a year. Made good money but it's a tricky one, very manipulated. Only got myself into a pinch once but Iran bailed me out when they blew up Saudi.

Good chance they go bankrupt in 2-3 years, but not yet.

[DC23]

Unbelievable short squeeze on Telsa. When it falls it's going to fall fast.

[Spurtacular]

I've been swing trading it for a year. Made good money but it's a tricky one, very manipulated. Only got myself into a pinch once but Iran bailed me out when they blew up Saudi.

Good chance they go bankrupt in 2-3 years, but not yet.

Yea, I bought to high; so that was only salvage value for me.

It's high volume, meaning a lot of people believe in it. But at the same time it keeps going down and has the earmarks of company heading towards bankruptcy.

What I can't figure is I haven't seen numbers that detrimental. It's even said it could have a profitable quarter in the near future. Clearly the margins are a big worry; the debt is a big worry, etc.

[Spurtacular]

Unbelievable short squeeze on Telsa. When it falls it's going to fall fast.

I called it would be the next Amazon and then just missed getting in on it before it took off. SMH

[DC23]

I called it would be the next Amazon and then just missed getting in on it before it took off. SMH
Tesla down 20% today. No surprise.

XOM up 5%. Continued accumulating shares at $60.00. I don't intend on adding more unless price drops to $55.

[Millennial_Messiah]

I don't trust the US stock market one bit right now. We're overdue for a recession. When that hits, I'll invest.

[Millennial_Messiah]

I'm currently got 250K cash sitting in a money market account earning 1.31% APR. Not very good, but better than nothing. I get about 300 free bucks a month, not terrible.

I'm just waiting for the coming recession so I can buy some tech stock and RE/fix and flips.

[LaMarcus Bryant]

I don't trust the US stock market one bit right now. We're overdue for a recession. When that hits, I'll invest.

lol thats kinda where I am. Makes zero sense to me to put money into this fake market lol

[SnakeBoy]

I'm currently got 250K cash sitting in a money market account earning 1.31% APR. Not very good, but better than nothing. I get about 300 free bucks a month, not terrible.

I'm just waiting for the coming recession so I can buy some tech stock and RE/fix and flips.

Really doesn't makes sense to leave that amount of cash on the sidelines waiting for something that doesn't seem likely anytime soon. You could scale your buys into an index etf over time with half of that money and do much better. You would still have plenty of cash to avg down if the market did tank and you got caught in it.

[Millennial_Messiah]

Really doesn't makes sense to leave that amount of cash on the sidelines waiting for something that doesn't seem likely anytime soon. You could scale your buys into an index etf over time with half of that money and do much better. You would still have plenty of cash to avg down if the market did tank and you got caught in it.

yeah vanguard S&P index funds have done really well since Trump got in, but that's the problem, they've done really well and that won't last forever

if bernie gets in and the economy tanks, invest about 6-9 months after the first crash point... historically that's roughly the rock bottom.

[Spurtacular]

I'm currently got 250K cash sitting in a money market account earning 1.31% APR. Not very good, but better than nothing. I get about 300 free bucks a month, not terrible.

I'm just waiting for the coming recession so I can buy some tech stock and RE/fix and flips.

A hefty percent of that imaginary money should be invested in dividend stocks.

[SnakeBoy]

yeah vanguard S&P index funds have done really well since Trump got in, but that's the problem, they've done really well and that won't last forever

if bernie gets in and the economy tanks, invest about 6-9 months after the first crash point... historically that's roughly the rock bottom.

I think even if Bernie wins any pullback would just be a buying opportunity. I believe every recession has been preceded by the Fed raising rates and/or high oil prices. So I am watching the fed & oil to decide when/if to start moving money out of the market. I do read the bearish view regularly but I haven't found any that make a convincing recession case in the near term at least.

[SnakeBoy]

A hefty percent of that imaginary money should be invested in dividend stocks.

Or high yield income with monthly dividends invested into growth funds/etf's. That's what I do in our tax deferred accounts. I only trade individual stocks, stick with funds/etf's for long term strategy.

[Millennial_Messiah]

I think even if Bernie wins any pullback would just be a buying opportunity. I believe every recession has been preceded by the Fed raising rates and/or high oil prices. So I am watching the fed & oil to decide when/if to start moving money out of the market. I do read the bearish view regularly but I haven't found any that make a convincing recession case in the near term at least.
Historical analytics. Prosperity without at least a mild to moderate recession (not 2008-2010 standard, but at least somewhat) has never gone on longer than about 10-12 years, and usually on the low end of that.

[Millennial_Messiah]

Or high yield income with monthly dividends invested into growth funds/etf's. That's what I do in our tax deferred accounts. I only trade individual stocks, stick with funds/etf's for long term strategy.

Tax deferred is IRS regulated to a teeny tiny amount though. Most of it you have to put in your after tax dollars for.

It's better to put cash into S&P index funds and let them grow and not have to pay taxes on it until you get it out. So you can choose how much you can pull out and pay net income taxes on. Of course it's in addition to whatever you make that year in W2 money. So it might be cool to take a year off work and just live off 1099 stuff.

[Millennial_Messiah]

A hefty percent of that imaginary money should be invested in dividend stocks.

My tax finance friend says that some times people that get a lot of hefty dividends don't end up getting their tax statements until June. The IRS deadline is April 15th. I'm not about the 1040X life, not stressing half the year about taxes. I'm always done by early February every year, kthxbye.

by the way... I just had to pay the IRS $6K this week right about on the nose.

[Spurtacular]

My tax finance friend says that some times people that get a lot of hefty dividends don't end up getting their tax statements until June. The IRS deadline is April 15th. I'm not about the 1040X life, not stressing half the year about taxes. I'm always done by early February every year, kthxbye.

by the way... I just had to pay the IRS $6K this week right about on the nose.

You actually have three years to file your taxes.

[SnakeBoy]

My tax finance friend says that some times people that get a lot of hefty dividends don't end up getting their tax statements until June. The IRS deadline is April 15th. I'm not about the 1040X life, not stressing half the year about taxes. I'm always done by early February every year, kthxbye.

by the way... I just had to pay the IRS $6K this week right about on the nose.

I just file extension every year.

Not making money because of taxes...good plan.

[Xevious]

Yeah... I'm not going to lose money on inflation because I'm scared of the recession boogie-man. Rule of thumb - don't put money in the market you're planning on spending in the next five years. If you're saving longer than that, or if it's a retirement account, fire away. I invest every month.

[Millennial_Messiah]

Yeah... I'm not going to lose money on inflation because I'm scared of the recession boogie-man. Rule of thumb - don't put money in the market you're planning on spending in the next five years. If you're saving longer than that, or if it's a retirement account, fire away. I invest every month.

I'm planning on buying a house to live in - (with cash, not a mortgage, fuck that, been there done that and it sucks) - when the recession hits and prices dip, so I can't put my thumb on how many years I would want to wait before spending my big money.

A lot will be easier for me financially when the recession does hit. I'll have a shit ton saved up when others will be broke and foreclosing. It'll be a great spot for me to become a multi millionaire once the economy rebounds from that.

Inflation is 2-3% and interest rates are 1.3-1.5%, so you may lose a few hundred bucks a year, but it's peanuts compared to what you could make if you invest bigtime when things are down.

[Millennial_Messiah]

You actually have three years to file your taxes.

if you file late, assuming you owe and aren't getting a refund - you likely start accruing heavy interest and penalties after April 15th of the year after the tax year in question. Not worth it IMO.



I just file extension every year.

Not making money because of taxes...good plan.
File extension... how much does that cost? And does the IRS not get suspicious about that if you do it more than once?

[Spurtacular]

if you file late, assuming you owe and aren't getting a refund - you likely start accruing heavy interest and penalties after April 15th of the year after the tax year in question. Not worth it IMO.



File extension... how much does that cost? And does the IRS not get suspicious about that if you do it more than once?

No stipulations like that. I know someone who routinely files after three years.

[Millennial_Messiah]

No stipulations like that. I know someone who routinely files after three years.

they must withhold a ton then. Maybe they're one of those 1099 people who pay quarterly or at least semi-annually during the calendar year-of to avoid having a big lump-sum tax bill for that year.

Because if you owe that means you likely under-withheld, and if you owe then interest and penalties start accruing on that money on the first business day after april 15th traditionally.

[DC23]

I'm currently got 250K cash sitting in a money market account earning 1.31% APR. Not very good, but better than nothing. I get about 300 free bucks a month, not terrible.

I'm just waiting for the coming recession so I can buy some tech stock and RE/fix and flips.
And that mentality has cost you to miss this historic run. Look into ticket VYM - at least get yourself some dividend and value stocks.

[Millennial_Messiah]

And that mentality has cost you to miss this historic run. Look into ticket VYM - at least get yourself some dividend and value stocks.
I didn't earn it until recently

[DC23]

I didn't earn it until recently
OK, I apologize for making assumptions then. I do think you should look into SCHV and VYM.

[Spurtacular]

they must withhold a ton then. Maybe they're one of those 1099 people who pay quarterly or at least semi-annually during the calendar year-of to avoid having a big lump-sum tax bill for that year.

Because if you owe that means you likely under-withheld, and if you owe then interest and penalties start accruing on that money on the first business day after april 15th traditionally.

Just a regular school teacher; nothing fancy.

[SnakeBoy]

File extension... how much does that cost? And does the IRS not get suspicious about that if you do it more than once?

My cpa doesn't charge me at all. I've been doing it every year for probably 15 years. IRS doesn't care as long as they get paid. They can charge you interest if you underpay by a lot.

Seriously bad plan you have though. Most recessions are just a blip even if you could predict them.

There's countless investment strategies and they all involve the power of time and compounding. Not sitting around waiting for the perfect moment.

[Millennial_Messiah]

Just a regular school teacher; nothing fancy.

Public school teacher puts him in the general salary/income range that is almost, almost never audited. Makes sense. He probably is eligible for refunds, especially since the 2017 tax bill made the standard deductions 12K (single) and 24K (married filing jointly). So it is the IRS, not him, which gets the free zero-interest loan for three years. Got it.

[Spurtacular]

Public school teacher puts him in the general salary/income range that is almost, almost never audited. Makes sense. He probably is eligible for refunds, especially since the 2017 tax bill made the standard deductions 12K (single) and 24K (married filing jointly). So it is the IRS, not him, which gets the free zero-interest loan for three years. Got it.

She has paid back taxes many times she claims. I'm only going off her word, but I'm not convinced she is lying. I dunno; just saying. I never cared to look it up, cos I don't need more things to procrastinate on.

[Xevious]

Seriously bad plan you have though. Most recessions are just a blip even if you could predict them.

There's countless investment strategies and they all involve the power of time and compounding. Not sitting around waiting for the perfect moment.
This. Sitting around trying to time the market is a fool's game. You could single out any 5-7 year period in the stock market's history, including the great depression and 2008 recession, and the market has always gone up.

[DMX7]

I didn't earn it until recently

How recently? Just from the start of last year there has been an amazing run in the market.

[Millennial_Messiah]

This. Sitting around trying to time the market is a fool's game. You could single out any 5-7 year period in the stock market's history, including the great depression and 2008 recession, and the market has always gone up.

huh? was it higher in 1933 than 1928? was it higher in 2012 than 2007?

[Millennial_Messiah]

How recently? Just from the start of last year there has been an amazing run in the market.

my income in 2016 was $32k, half a year of school and roughly half a year of work

my income in 2017 was about $2-3k, all from the first 11 days until I got laidoff from my 2016 entry level programmer job out of college

my income in 2018 was $109k

my income in 2019 was $217k


The time to invest was like early 2018, when I was broke and stuck getting loans to pay my stupid mortgage on that crappy 1250 sqft house I had that was falling off its crappy foundation... the sellers in 2016 duped me... 22 year old buyer with a college degree but no handyman/home improvement expertise, did not list foundation issues. was lucky to sell it for around market value, but it took 5 months on the market AND they made me pay for a new roof too

thus, I prefer to rent these days... so much less stressful

[DC23]

why weren't you investing along the way in 2018 and 2019?

[Xevious]

huh? was it higher in 1933 than 1928? was it higher in 2012 than 2007?
The S&P was almost fully recovered by 2012, exceeding 2007 prices by 2013.

Yes the depression took a lot longer to recover, but the market was steadily going back up by 33, thanks to the war.

[Millennial_Messiah]

The S&P was almost fully recovered by 2012, exceeding 2007 prices by 2013.

Yes the depression took a lot longer to recover, but the market was steadily going back up by 33, thanks to the war.

what war in '33? :lol you mean '39?

[Xevious]

what war in '33? :lol you mean '39?
:lol Getting my decades confused I guess.

[Millennial_Messiah]

:lol Getting my decades confused I guess.

yeah. Basically FDR found a way to turn a nasty little recession into a full blown decade-long great depression with his crappy policies.

[Spurtacular]

yeah. Basically FDR found a way to turn a nasty little recession into a full blown decade-long great depression with his crappy policies.

Yet, the so-called historians consistently put him in the top five. And let remember him f*cking up and letting Japan take out a third of our navy in a day.

[Millennial_Messiah]

Yet, the so-called historians consistently put him in the top five. And let remember him f*cking up and letting Japan take out a third of our navy in a day.
FDR is the USA's only true dictator in its history to date... ala Putin, the elections were fixed and the term limit amendment didn't happen until Truman's regime.

[DC23]

Inovio Collaborating With Beijing Advaccine To Advance INO-4800 Vaccine Against New Coronavirus In China
January 30, 2020
https://www.foxbusiness.com/technology/california-lab-coronavirus-vaccine-3-hours
Selling on the news?

[DC23]

Bump. Anyone buying?

[DC23]

This is an exciting time to have cash on hand!

[phxspurfan]

Buy like crazy in the next 2 days for a 2 day trade. Play the bounce. But don’t hold just play the impending short squeeze

[DC23]

Buy like crazy in the next 2 days for a 2 day trade. Play the bounce. But don’t hold just play the impending short squeeze
Watching anything in particular?

[phxspurfan]

Watching anything in particular?

Amazon, Google, anything that is positively affected or unaffected by the virus. Everyone will be on Amazon buying shit so you know that will benefit. Netflix for people who stay home and work from home i.e. binge watch their shows

[DC23]

Amazon, Google, anything that is positively affected or unaffected by the virus. Everyone will be on Amazon buying shit so you know that will benefit. Netflix for people who stay home and work from home i.e. binge watch their shows
I bought Netflix at $270. I missed the boat on TDOC. So obvious. I like Amazon too but remember companies are not manufacturing product. That's an issue.
I am getting beat up on XOM but am continuing to nibble responsibly. The yield is now over 7%.

[phxspurfan]

I bought Netflix at $270. I missed the boat on TDOC. So obvious. I like Amazon too but remember companies are not manufacturing product. That's an issue.
I am getting beat up on XOM but am continuing to nibble responsibly. The yield is now over 7%.

Anybody who does masks, PPE, Gilead for the clinical trials, hospital bed makers whoever those are...

3M, DuPont


Disaster cleanup...

[SpursforSix]

Fuck me.

So when the Corona virus news first came out, I grabbed IBIO. Some penny stock that was mentioned on a Twitter. Does something with vaccines and partnered with a Chinese company. Bought it at .33 and thought I was a genius for selling it at .75 yesterday.
24 hours later it's at 2.25

[DC23]

Fuck me.

So when the Corona virus news first came out, I grabbed IBIO. Some penny stock that was mentioned on a Twitter. Does something with vaccines and partnered with a Chinese company. Bought it at .33 and thought I was a genius for selling it at .75 yesterday.
24 hours later it's at 2.25

Can't be upset over a 150% gain.

[SpursforSix]

Can't be upset over a 150% gain.

I know that's what I should be telling myself. Never good to play the "what if" game. It had jumped on no news yesterday and these things almost always come back down.
But seeing it now at 2.75 is pretty painful. $20,000 extra that I could have had.

[InRareForm]

The trade desk (TTD) should have been up $60-100 today (instead up $32) if the market wasnt in a selloff panic mode.

Digital Advertising is not going anywhere . Check out the Stock Rubi and TLRA as they are nearing a merger.

[InRareForm]

Fuck me.

So when the Corona virus news first came out, I grabbed IBIO. Some penny stock that was mentioned on a Twitter. Does something with vaccines and partnered with a Chinese company. Bought it at .33 and thought I was a genius for selling it at .75 yesterday.
24 hours later it's at 2.25
I got in at $1.75 and sold at 2.55. it's amazing what hype does tomstocks.

[SpursforSix]

I got in at $1.75 and sold at 2.55. it's amazing what hype does tomstocks.

Congrats. I just couldn’t pull the trigger again on something I just sold for .75.

It reminds me a lot of 9/11 when any stock related to any facet of security went up. Regardless of how crappy the company might have been. And they’d all come out with some vague press release about partnerships or something.

[SnakeBoy]

I know that's what I should be telling myself. Never good to play the "what if" game. It had jumped on no news yesterday and these things almost always come back down.
But seeing it now at 2.75 is pretty painful. $20,000 extra that I could have had.

Can't look at it that way, especially with shit penny stocks that can give up all gains and then some in a heartbeat. You made money you won. Move on to the next one.

Edit: Well I say that likes it's easy but it's not. I owned 30K shares of a biotech at 78 cents. Sold at $3 and was happy. Then it got pumped to $48 a month later. Still makes me think...motherfucker!

[SpursforSix]

Can't look at it that way, especially with shit penny stocks that can give up all gains and then some in a heartbeat. You made money you won. Move on to the next one.

Edit: Well I say that likes it's easy but it's not. I owned 30K shares of a biotech at 78 cents. Sold at $3 and was happy. Then it got pumped to $48 a month later. Still makes me think...motherfucker!

Oof. That’s painful. Especially with it just being a month later.

[InRareForm]

Can't look at it that way, especially with shit penny stocks that can give up all gains and then some in a heartbeat. You made money you won. Move on to the next one.

Edit: Well I say that likes it's easy but it's not. I owned 30K shares of a biotech at 78 cents. Sold at $3 and was happy. Then it got pumped to $48 a month later. Still makes me think...motherfucker!

What's the ticker

[SnakeBoy]

What's the ticker

Don't remember exactly, it was a long time ago. Think it was one of the prescription fatty pill companies when that was all the rage. Maybe OREX or VVUS

[DC23]

I have buy limit orders in for BA at $265.00 and XOM at $47.00

[SnakeBoy]

I have buy limit orders in for BA at $265.00 and XOM at $47.00

I've been following BA for awhile, still not sure it's time though.

Thought about XOM but decided on FANG instead, more upside in the long term I think. Still haven't bought though.

More virus shoes to drop imo

[RandomGuy]

yeah. Basically FDR found a way to turn a nasty little recession into a full blown decade-long great depression with his crappy policies.

:lol

This would be more credible if you could name any of his policies, you fucking right-wing poser.:lmao

"Derp, I know all about economics, 'cuz I said something about a Democrat and the economie, dur dee dur".

If your response is anything other than fucking naming the effect of one policy using sound principles of economics.. you prove me right. Go.

[Millennial_Messiah]

:lol

This would be more credible if you could name any of his policies. :lmao

new deal

the end

[RandomGuy]

new deal

the end

"Derp, I know all about economics, 'cuz I said something about a Democrat and the economie, dur dee dur".

:rollin

You named a policy, but completely failed to say specifically how it caused the great Depresssion.

...because I would be willing to bet you are also a fucking poser who knows jack shit about economics.

There are entire facebook groups of left-leaning economics nerds that make fun of people like you and the moronic feel-good memes that substitute for understanding in your world.

[pgardn]

"Derp, I know all about economics, 'cuz I said something about a Democrat and the economie, dur dee dur".

:rollin

You named a policy, but completely failed to say specifically how it caused the great Depresssion.

...because I would be willing to bet you are also a fucking poser who knows jack shit about economics.

There are entire facebook groups of left-leaning economics nerds that make fun of people like you and the moronic feel-good memes that substitute for understanding in your world.

Derp exists to follow Blake and Reck and then rate others based on his dreaming of Blake’s wife.

Derp has had very bad experiences with women I would guess, so it infuriates him he can’t actually just punch them, drag them by the hair, and nail them. And women obviously don’t fawn over him so sex exists on whatever screen he chooses.

Cant expect him to think about other subjects when he is overwhelmed in fantasy.

[LaMarcus Bryant]

I have buy limit orders in for BA at $265.00 and XOM at $47.00

gettin close

[DC23]

gettin close
I revised my BA limit to $260.00 and got that filled. Currently at $257.00. I'm just nibbling here, not going crazy, next BA buy is at $248.00. BA could go to $200? Who knows with this market volatility.

[Millennial_Messiah]

Derp exists to follow Blake and Reck and then rate others based on his dreaming of Blake’s wife.

Derp has had very bad experiences with women I would guess, so it infuriates him he can’t actually just punch them, drag them by the hair, and nail them. And women obviously don’t fawn over him so sex exists on whatever screen he chooses.

Cant expect him to think about other subjects when he is overwhelmed in fantasy.

Seems like someone who likes to raise his e-peen by calling others cucks but secretly faps thinking about big black dudes inside his own girlfriend

[DC23]

Futures indicate that tomorrow will be a bloobath. S&P 500 futures down 4%, crude oil down 28%.

[DMC]

When did you buy? Are you speculating a new drug approval?

Up 350% when I sold. Good enough movement even today to make it tidy profit. It was at 8.53 at its lowest and I saw it at 11.50 already.

[phxspurfan]

don't buy anything oil rn...I played the US oil game 2 times and both companies basically went bankrupt on me (BP, Swift Energy). Fuck oil companies tbh

[SnakeBoy]

Chesapeake Energy at 15 cents for those who don't mind a shitload of risk

Majority of their oil production is hedged at $58/bbl. Oil price war could send natural gas futures through the roof and save chk. NG up 6.5% today.

Not a trade for the faint hearted though.

[phxspurfan]

Chesapeake Energy at 15 cents for those who don't mind a shitload of risk

Majority of their oil production is hedged at $58/bbl. Oil price war could send natural gas futures through the roof and save chk. NG up 6.5% today.

Not a trade for the faint hearted though.

Chesapeake going bankrupt my dude. They need $45 oil and they have a shitload of debt.

[SnakeBoy]

Chesapeake going bankrupt my dude. They need $45 oil and they have a shitload of debt.

Like I said it's risky. They need $60 oil and NG $3 to survive long term. Still much could happen to run it over $1 in the short term. At 15 cents it's worth a small bet to me. If I win I win, if I lose oh well. It's Vegas baby!

[DMC]

Keep looking at INO stock. 45% today.

But you only have a few days left before the gravy train ends. Better be out by then.

[SnakeBoy]

Chk held up like a rock today. Well maybe more like a carcass that's been picked clean already lol

[DC23]

Loaded up on BA at $190 today. I can't resist a high quality company at that price.

[DMC]

This is a once in a lifetime opportunity to buy while the blood is in the streets. This irrational fear will drive prices lower, but it will recover and big time.

[DPG21920]

Keep looking at INO stock. 45% today.

But you only have a few days left before the gravy train ends. Better be out by then.

Showing 8.37 at close

[DMC]

Showing 8.37 at close

I was looking at it midday.

[Will Hunting]

I’m giving this 2-3 more weeks and then I’m going HAM...been waiting for this moment for years.

[InRareForm]

Bought some AMC and TACO.

[DMC]

I was looking at it midday.

11.5 midday today

I gave everyone here a free tip, anyone capitalize?

[DMC]

Inovio stock rallies after company gets Gates Foundation grant to test device for coronavirus vaccine

https://www.marketwatch.com/story/inovio-stock-rallies-after-company-gets-gates-foundation-grant-to-test-device-for-coronavirus-vaccine-2020-03-12

[DC23]

I deployed about 30% of my investable cash in high quality ETF funds today.

[DMC]

It's hilarious that some will bet thousands on a sporting event but are too timid to invest in stocks.

[DMC]

Inovio Pharmaceuticals downgraded by RBC after gaining more than 180% on coronavirus vaccine hopes


And just like that the run is over. You might be able to take a few short-term gains on some risky Investments here but I believe this is the end my friend of this stock.

[LaMarcus Bryant]

Amuseddayjackoff esque thread lmao

[InRareForm]

Del taco made me some money today

[Millennial_Messiah]

I think roughly Halloween will be the perfect "buy low" timing the market point tbh

Once Donald Dump gets ousted on Nov 3rd things should spike back up rather quickly as the party of economic prosperity regains the White House in Jan. 2021.

[Spurtacular]

I deployed about 30% of my investable cash in high quality ETF funds today.

Some will be suspending dividend. Long term, you should still be getting a great deal if the economy rebounds well.

[Spurtacular]

Del taco made me some money today

I was looking at them. Got greedy and thought they might go under two.

[Spurtacular]

Chesapeake Energy at 15 cents for those who don't mind a shitload of risk

Majority of their oil production is hedged at $58/bbl. Oil price war could send natural gas futures through the roof and save chk. NG up 6.5% today.

Not a trade for the faint hearted though.

There's a lot better energy stocks at under a buck. CHK was on pins and needles even before all this.

[Spurtacular]

I’m giving this 2-3 more weeks and then I’m going HAM...been waiting for this moment for years.

Don't blame me if it doesn't work out. But if you have a reasonable amount of cash and fortitude, you could get a portfolio that'll net you ten to forty fold and make you a millionaire within a few years.

[Will Hunting]

Don't blame me if it doesn't work out. But if you have a reasonable amount of cash and fortitude, you could get a portfolio that'll net you ten to forty fold and make you a millionaire within a few years.
Get your ass in the Democratic primary thread. Joe Biden has a sexual assault accuser and the Chumpettes are freaking out.

[DC23]

Lots of short covering today and yesterday. This is temporary imo.

[Spurtacular]

Get your ass in the Democratic primary thread. Joe Biden has a sexual assault accuser and the Chumpettes are freaking out.

:lol

[DMC]

https://i.imgur.com/Ap9Jw8W.png

[InRareForm]

Ttd, square , ayx , tdoc bought long term positions in March

[Millennial_Messiah]

Books getting cooked. Market really has nowhere to go but a hard down. the recent 2-3 month spike after the natural drop is inorganic, not sustainable, and caused by the dumb stimulus. A stimulus bill when the interest rates are essentially 0% is really retarded. Anyways, market will hard crash in the fall, not much time left now. Stimulus short-term growth is unsustainable. The rebound needs to happen organically; more government spending will ultimately lead to a longer and worse recession/depression.

[DMC]

Books getting cooked. Market really has nowhere to go but a hard down. the recent 2-3 month spike after the natural drop is inorganic, not sustainable, and caused by the dumb stimulus. A stimulus bill when the interest rates are essentially 0% is really retarded. Anyways, market will hard crash in the fall, not much time left now. Stimulus short-term growth is unsustainable. The rebound needs to happen organically; more government spending will ultimately lead to a longer and worse recession/depression.

But the stock market doesn't represent the economy.

[InRareForm]

https://twitter.com/sentimentrader/status/1276907092226555905?s=19

[InRareForm]

https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html?action=click&module=News&pgtype=Homepage

[SpursforSix]

https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html?action=click&module=News&pgtype=Homepage

Sorry, but a lot of that is on him. He lost money then took out loans to invest more. Was up over $1,000,000 and apparently rode it back down to almost zero.


Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free.
Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to complex investment products, and features like falling confetti and emoji-filled phone notifications that made it feel like a game. After funding his account with $15,000 in credit card advances, he began spending more time on the app.As he repeatedly lost money, Mr. Dobatse took out two $30,000 home equity loans so he could buy and sell more speculative stocks and options, hoping to pay off his debts. His account value shot above $1 million this year — but almost all of that recently disappeared. This week, his balance was $6,956.

[Spurtacular]

https://www.nytimes.com/2020/07/08/technology/robinhood-risky-trading.html?action=click&module=News&pgtype=Homepage

The big brokers are paying for these negative Robinhood stories, tbh.

No doubt Schwab, Fidelity or whomever has their stories too. They're just not big news in NYT.

[Spurtacular]

Books getting cooked. Market really has nowhere to go but a hard down. the recent 2-3 month spike after the natural drop is inorganic, not sustainable, and caused by the dumb stimulus. A stimulus bill when the interest rates are essentially 0% is really retarded. Anyways, market will hard crash in the fall, not much time left now. Stimulus short-term growth is unsustainable. The rebound needs to happen organically; more government spending will ultimately lead to a longer and worse recession/depression.

This or something to this effect is always being said.
Historically, the stock market has went one direction.
But there always going to be huge dips. Prudence never hurts.

[SpursforSix]

This or something to this effect is always being said.
Historically, the stock market has went one direction.
But there always going to be huge dips. Prudence never hurts.

It's the most common sales tactic pushed by brokers. Here's a long term chart of the DJIA. Look, it always goes up.
Which doesn't mean shit when you happen to want to retire when it's at a low.

[Spurtacular]

It's the most common sales tactic pushed by brokers. Here's a long term chart of the DJIA. Look, it always goes up.
Which doesn't mean shit when you happen to want to retire when it's at a low.

401K liquidation can be deferred.

[lefty20]

Just got into the market last week and I'm all in with the retards at wsb. Bought CCIV and BB to start things last week, then plunged into GME during the dip after the Citron tweet.

[Millennial_Messiah]

@POTUS46 please raise interest rates ASAP

[lefty20]

@POTUS46 please raise interest rates ASAP

No, thank you. I already bought a house at the low interest rates. But now I'd prefer make some of that down payment money back in the market. And, unless I'm mistaken, higher interest rates would affect the market negatively.

[Millennial_Messiah]

No, thank you. I already bought a house at the low interest rates. But now I'd prefer make some of that down payment money back in the market. And, unless I'm mistaken, higher interest rates would affect the market negatively.

Higher interest rates means you can make risk-free money on CDs.

[FkLA]

@POTUS46 please raise interest rates ASAP

Why? Weren't you interested in real estate?

[Millennial_Messiah]

Why? Weren't you interested in real estate?

Yes. Anyone with experience in the industry knows that lower interest rates = higher home prices. That confounded with the extremely low inventory due to renters wanting houses due to covid and mortgages getting approved at record rates even more than we saw in the 2005-2007 housing bubble. It's bound and determined to pop soon especially as the foreclosures start to hit hard and fast early this spring and get worse and worse as we head into the summer.

I worked in the banking mortgage industry from a IT database perspective and I personally can assure you that the COVID forbearance plans were 3 months max. Unemployment and underemployment is still sky high and these tiny little stimulus payments are little band-aids on a severe, deepening gash. Foreclosures are going to come fast and furious in 2021. Housing prices (in the short term) literally have nowhere to go but down. It's the top of the market and it's teetering on a cliff. Literally the worst buyer's market in all time history. But that is bound to change soon. Very soon. It has been a seller's market for far too long and this bubble is soon to pop and explode. Inventory will finally rise at long last, driving down home prices.

[FkLA]

Yes. Anyone with experience in the industry knows that lower interest rates = higher home prices. That confounded with the extremely low inventory due to renters wanting houses due to covid and mortgages getting approved at record rates even more than we saw in the 2005-2007 housing bubble. It's bound and determined to pop soon especially as the foreclosures start to hit hard and fast early this spring and get worse and worse as we head into the summer.

I worked in the banking mortgage industry from a IT database perspective and I personally can assure you that the COVID forbearance plans were 3 months max. Unemployment and underemployment is still sky high and these tiny little stimulus payments are little band-aids on a severe, deepening gash. Foreclosures are going to come fast and furious in 2021. Housing prices (in the short term) literally have nowhere to go but down. It's the top of the market and it's teetering on a cliff. Literally the worst buyer's market in all time history. But that is bound to change soon. Very soon. It has been a seller's market for far too long and this bubble is soon to pop and explode. Inventory will finally rise at long last, driving down home prices.

Mortgage requirements are nowhere near as lenient as they were in the mid 2000s. Requirements have become even more stringent due to the rona too. I wasnt old enough then, but I've heard stories of banks giving mortgages to people based on projected incomes. That's unheard of today.

I do agree that we're near the top of the market, but from what I've been told/researched, we shouldn't expect a huge drop like what we saw in the mid 2000s. Historically, that hasn't been the norm in real estate. We'll see a drop sooner rather than later, just nowhere near that level, imho. I was kind of hesitant to get in the game for fear that I'd miss out on the next housing bubble but I just ended up pulling the trigger on two properties in the second half of 2020. The rates were definitely a plus, tbh.

[Millennial_Messiah]

I do agree that we're near the top of the market, but from what I've been told/researched, we shouldn't expect a huge drop like what we saw in the mid 2000s. Historically, that hasn't been the norm in real estate. We'll see a drop sooner rather than later, just nowhere near that level, imho. I was kind of hesitant to get in the game for fear that I'd miss out on the next housing bubble but I just ended up pulling the trigger on two properties in the second half of 2020. The rates were definitely a plus, tbh.

Correct, we won't see the ENORMOUS drop off that we saw in 2009-2010, and it won't last nearly as long this time (i.e. pretty much Obama's full first term) but the post-COVID buyer's market should still provide a good window for buyers and investors even if interest rates don't spike back up to W.Bush era levels (which they likely won't in the short or medium term).

It's going to come soon and fast. We've never seen such a dead point in the real estate market in terms of record low inventory of single family homes. Apartments are going to be getting back to enforcing evictions soon enough and banks that were in the business of forbearance due to the spring COVID shock in early-mid 2020 are definitely NOT in the business of "forgiveness" so there will be foreclosures big time from March-August 2021 which will definitely increase supply/inventory and reduce prices back to earth, at least for the short term.

We might not see those $8K and $4K flip homes in prime real estate territory like we saw in 2010 but we'll definitely see a drop off in price per square footage/acreage in SFH in 2021, probably lasting in 2022 before trending back towards seller's market. Also apartment complexes are on the down trend right now since renting hasn't been ultra profitable during the pandemic due to anti-eviction laws but that will be returning to normal soon after the pandemic is over.

[lefty20]

Twas a good day to be a wsb retard. GME, BB, CCIV & PLTR all big in green.

It's not too late to jump on the GME gain train. If you've got a spare buck then feel free to join in.

[Millennial_Messiah]

Twas a good day to be a wsb retard. GME, BB, CCIV & PLTR all big in green.

It's not too late to jump on the GME gain train. If you've got a spare buck then feel free to join in.

is there a big inventory of PS5/XSX soon?

[lefty20]

is there a big inventory of PS5/XSX soon?

There should be, but it's irrelevant. This is a short squeeze and it really hasn't even started. There's still north of 65 mil shares shorted. Those interest rates are bleeding Melvin Capital and other wall street bigs dry, they'll have to cover at some point. Easy projection of 100+.

[lefty20]

To add to my previous post the added inventory could be the catalyst to the ultimate squeeze. GME earnings are due in late march/early april. If the shorts are still holding on until that time then beating the earnings report, thanks to a healthy resupply of consoles, could be what finally sinks the shorts.

And trust me, the retards at wsb will do everything they can to make it happen if this battle of will goes until late march.

[lefty20]

Another wild day on the GME ride. Topped at 155 but fell back immediately, and it's at 82.10 as I write this. I'mma ride this till at least 500, tbh.

[lefty20]

Closed 90% of my positions on GME earlier today. Rode it from 39 to 310 in less than two weeks. Robinhood living up to is name, tbh.

[Millennial_Messiah]

Closed 90% of my positions on GME earlier today. Rode it from 39 to 310 in less than two weeks. Robinhood living up to is name, tbh.

I'll have to remind my friend to sell off his gamestop stocks now

[Millennial_Messiah]

He bought 100 shares 2 weeks ago. How much do you think he approximately made?

[InRareForm]

Bb, AMC, spce, abnb, express

What a day

[Millennial_Messiah]

Buy or sell Tesla stock, tbh?

[lefty20]

Buy or sell Tesla stock, tbh?

I think it's still a good buy for a long term hold. But there's just quicker ways to make money right now.

I did buy one share today as a thank you to Papa Musk for his "gamestonk" tweet being the catalyst.


He bought 100 shares 2 weeks ago. How much do you think he approximately made?

At least 20k, assuming he bought and sold around the same range I did.




Bb, AMC, spce, abnb, express

What a day

Missed the AMC liftoff due to being locked into GME, but I was able to hop in at 14.00 after closing my GME positions.

WSB may now more powerful than any firm or hedge fund out there. It's pure insanity.

[Millennial_Messiah]

Oh, today I just put the $6000 for 2021 into my roth IRA so I have 24k and change in there since I've been doing it since 2018 but it collects very little interest.

[SnakeBoy]

Higher interest rates means you can make risk-free money on CDs.

My inlaws got wealthy on medium income and being frugal. Never touched equities, just put their savings into tax exempt bonds and CDs. Always pisses me off when he talks about how he used to get over 12% on CDs risk free.

[Mitch]

Oh, today I just put the $6000 for 2021 into my roth IRA so I have 24k and change in there since I've been doing it since 2018 but it collects very little interest.

Sure Andy, 400k income previous year, max roth ira contribution following year :lol

[Millennial_Messiah]

Sure Andy, 400k income previous year, max roth ira contribution following year :lol

I don't itemize. Itemizing gets you audited, especially at my bracket. Standard deduction FTW.

[Millennial_Messiah]

My inlaws got wealthy on medium income and being frugal. Never touched equities, just put their savings into tax exempt bonds and CDs. Always pisses me off when he talks about how he used to get over 12% on CDs risk free.

100% agree with this post. ZIRP is cancerous, encourages more borrowing which adds to the gargantuan ~30T national debt pile of manure, and thus should be outlawed. There should be a minimum Fed interest rate floor, but the keynesian fucks will blast me for that even though I'm right. I don't believe one should have to gamble in order to potentially get lucky or potentially fail and lose everything. Fuck the stock market.

[SnakeBoy]

100% agree with this post. ZIRP is cancerous, encourages more borrowing which adds to the gargantuan ~30T national debt pile of manure, and thus should be outlawed. There should be a minimum Fed interest rate floor, but the keynesian fucks will blast me for that even though I'm right. I don't believe one should have to gamble in order to potentially get lucky or potentially fail and lose everything. Fuck the stock market.

Yes, should be around 3% minimum Fed rate. They should be allowed to go below that to deal with a crisis but only for 24 months max. An economy that can't support a 3% interest rate is a structurally unsound economy imo.

[Millennial_Messiah]

Yes, should be around 3% minimum Fed rate. They should be allowed to go below that to deal with a crisis but only for 24 months max. An economy that can't support a 3% interest rate is a structurally unsound economy imo.

Omg I've advocated this exact thing to go into law for years, on this message board and everywhere else.... but keynesians like RandomGuy always come up with dumb shit blasting me for it.

[Millennial_Messiah]

Also, they shouldn't be allowed to go below for *24 months max* ...2 whole years is a VERY long time and a very large chunk out of a lifetime. 2 months *max* seems more like it, if anything.

[Mitch]

I don't itemize. Itemizing gets you audited, especially at my bracket. Standard deduction FTW.

Just do your research for your lying next time :lol

[Millennial_Messiah]

Just do your research for your lying next time :lol

Not lying but... :wow :o shit it appears you were on to something, something neither my friends nor my uncle and cousin who told me to do roth IRA, nor the bank and brokerage firm even knew what you were talking about... I'm going to get the money out of that roth account now (it never made anything anyway), and if someone ever tries to fine me over it, I will sue the bank, because it's their responsibility for asking me if I'm above some stupid income threshold or whatever. I've never even heard there was such a small draconian income threshold for roth IRA's. WTF.

Looks like you gave me some grief but may end up saving me money and fits in the long run. :tu

[SpursforSix]

Why would anyone max out a Roth as a consultant instead of using a SEP plan?

[DMC]

Why does anyone still read Avante Jr's lying shit?

[Millennial_Messiah]

So I went to Merrill Lynch this morning and was successfully able to back-date and reverse the 2020 and 2021 Roth IRA $6000 contributions that apparently I am not eligible for due to my high income. So averting a potential IRS penalty up to $720.00 over the two contributions. Thankfully they were able to do it and I'll get all my money back tax free since it was my contributions and I never earned any significant interest or bought any securities with the Roth IRA money.

[Millennial_Messiah]

Why would anyone max out a Roth as a consultant instead of using a SEP plan?

I'm not self employed. All my income is on W2

[Mitch]

Why does anyone still read Avante Jr's lying shit?

I mostly don't, tbh. Hard to take a guy who wears woman's panties to his job at Lowe's seriously :lol

[Millennial_Messiah]

Mitch saved me some monayz :toast

[Mitch]

I saved you from digging deeper into a lie than you already did, andy :lol

[Millennial_Messiah]

I saved you from digging deeper into a lie than you already did, andy :lol
no. :lol

I had to go to merrill lynch in person to fill out fucking forms, one each for 2020 and 2021, officially acknowledging my roth IRA contributions were a mistake and shall not be officially processed. So the IRS won't charge me any penalties and I won't have a roth IRA. Oh well.

[Spurminator]

Are meme stocks coming back during this administration?

Tempted to hold some AMC for when the stonk bros decide to party like it's 2021.