Money Investing megathread extravaganza - Page 346

Originally Posted by Iowanian:
I'm curious on the thought process of more seasoned traders.

Example. Casino Stocks.
I bought in near the bottom of MGM and ERI. ERI has been a rocket ride and I'm up 160%. How far does a guy push the trend on things like that when the economy is just kicking into gear?
That stock is at $45.63 at this time and the high was around $70 when Rona showed up. Does your method lean towards chasing it back to the top, or cashing out a nice clip? Cash out half?

I've got similar going in other sectors like oil......and I've bought enough X at the bottom to offset the ass kicking I got on it buying at the top....and I'm within $.60 of breaking even there. I'm torn between jumping out when I'm green or hoping long term plays pay off for X, GE etc...

Just depends. If you're in it because you're bored and are doing it for the competitive factor, chase it.

If you're in it for capital retention, get your purchase price back, then put a trailing stop in.
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Already made 25% on GNUS :-)

BRRRRRRRRRRRRRRRRRRRRRRRRRR
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Originally Posted by bsp4444:
I got in at $146.

Good job! Me at 167 .It's at 215 now
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Originally Posted by Hog's Gone Fishin:
Good job! Me at 167 .It's at 215 now

I'm in at an average of 254!

Wait. Remove the exclamation point.
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Got in on BA at $203 this morning.
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Originally Posted by scho63:
The level of pessimism being bandied about is pretty surreal. Markets normally never go down when things are this pessimistic.

Lots of good value in the market. I bumped up my 401K contributions to the MAX at Amazon, including a good chunk going into AMZN stock.

"Bull Markets begin on Pessimism,
Grow on Skepticism,
Flourish on Optimism
and Die on Euphoria."

:-)
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May 7, 2020 :-)

Originally Posted by oaklandhater:
Opening up too fast/too early might make a bad situation worse. I don't expect to see an economic recovery for a very long time.

Originally Posted by scho63:
You will be very wrong once again. We will see a powerful "V" shaped recovery in spite of you and all the Dems hoping things stay shitty until the election.

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Looking at some REIT stocks. They all took the COVID hit and are rebounding with what looks like potential.

Current price / My target

SPG 88.6 / 160

WELL 61.60 / 90

BXP 102 / 145

SVC 11.27 / 24
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Oil stocks are about to run.

Hope you bought CDEV.
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Originally Posted by Hammock Parties:
Oil stocks are about to run.

Hope you bought CDEV.

1.49 now with a 52 wk high of 8.07.

Hmmmm. Might be a quick money maker.

https://oilprice.com/oil-price-charts/45

Edit: Looking at the techical analyst they say negative, sell ,avoid.:-)

It's funny how they always get it wrong.
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Wish I had bought Halliburton stock in March.

I think it could run up to 30.
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I'm finally back in positive territory thanks to the nice market gain on Friday.

At one point during the corona crash, I was down somewhere around 20%.
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Originally Posted by Munson:
I'm finally back in positive territory thanks to the nice market gain on Friday.

At one point during the corona crash, I was down somewhere around 20%.

That’s it?

I was down 33% on the lowest March day.
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Originally Posted by lewdog:
That’s it?

I was down 33% on the lowest March day.

Sorry man but how in the hell did you let that happen?

<-- Actually a bit shocked.
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Originally Posted by eDave:
Sorry man but how in the hell did you let that happen?

<-- Actually a bit shocked.

I don’t touch my 401k or ROTH IRA funds and they’re invested very aggressively. Just dollar cost average in each month and don’t look for awhile.

My brokerage account faired better as I’m actively trading in that weekly. Was down 18% there.
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