It has a lot to do with the Gilead drug news. Early results are promising in helping people recover in Chicago.
Stock Advice Thread
- Thread starter dgtatu01
- Start date
I remember back when there was massive selling instead of buying in the last hour of trading. I sold the rest of my DVY position today during this time.
The last two weeks in the stock market seemingly have gone better than deserved, a lot of partial recovery of some high PE stocks that I hoped would go down further.
I'm baffled at this amount of optimism. I guess everyone is just itching to spend, have nothing else going on and are buying right before these companies are going to announce serious earnings shortfalls.
The banks are amassing money to withstand the defaults but JPM and BAC popped today. I sold half my position in JPM at a minimal profit. Probably put it back in in a month.
If I'm wrong, so be it. Either way, pick up deals or grin as the wave carries me, I'm good.
The banks are amassing money to withstand the defaults but JPM and BAC popped today. I sold half my position in JPM at a minimal profit. Probably put it back in in a month.
If I'm wrong, so be it. Either way, pick up deals or grin as the wave carries me, I'm good.
I hear ya. I'm happy to profit but what might have been.
Pretty pissed I didn't by 1000 shares of Disney at 93
Disney is still a deal and will probably go lower again. All of their parks are closed. ESPN is struggling for content.
May 5 is their earnings call. Probably won't dwell on Q2 and move on to how Q3 will be. (Not great) You'll get another chance at it under 100.
I think you are really going to have to be patient on that one.
Absolutely. I try not to sell so waiting 5 to 10 to 20 years is what gets the returns, usually.
Oil goes Negative, but let's look deeper: that's WTI. Brent Crude, which 2/3rds of the oil in the world is priced on is at $ 26. WTI is obviously West Texas Intermediate.....American Oil. The frackers will go out of business in droves and this time won't return for a long time en masse. This makes companies like Exxon and Shell stronger over time. Now I've always liked Shell and like it even more now. They are THE most diversified of the Oil Super Majors with ONLY 21% of their yearly revenue tied to the price of Oil......Almost 80% of their yearly revenue isn't tied to oil. Place your bets! Mine is and has been on Shell.
That chance looks like it will come this week. Hovering around $100 right now. I expect it to go lower with the news that Disney is furloughing 100k workers.
I have managed my own 401k mutual fund portfolio for years. Now that I am retired I have more time to study the market.
Last week I made my first ever individual stock purchase. I invested 3% of my portfolio evenly across 5 energy stocks. As of today I am down .2%. Let's see how this plays out.
Order date Status Symbol Name % Change
4/23/2020 Executed BP BP PLC SPON ADR 0.08%
4/23/2020 Executed CVX CHEVRON CORP -0.47%
4/23/2020 Executed XOM EXXON MOBIL CORP -1.69%
4/23/2020 Executed PSX PHILLIPS 66 3.53%
4/23/2020 Executed RDS B ROYAL DUTCH SHELL PLC B SHARES -2.43%
Total -0.20%
Last week I made my first ever individual stock purchase. I invested 3% of my portfolio evenly across 5 energy stocks. As of today I am down .2%. Let's see how this plays out.
Order date Status Symbol Name % Change
4/23/2020 Executed BP BP PLC SPON ADR 0.08%
4/23/2020 Executed CVX CHEVRON CORP -0.47%
4/23/2020 Executed XOM EXXON MOBIL CORP -1.69%
4/23/2020 Executed PSX PHILLIPS 66 3.53%
4/23/2020 Executed RDS B ROYAL DUTCH SHELL PLC B SHARES -2.43%
Total -0.20%
I think you’ll make a nice profit but it’ll take a while. It might take a year......or three.....to really start to turn major profits.
Can’t wait to hear what else you’re getting into.
I have been watching energy get slaughtered and it caught my interest based on the old blood in the water/buy when others are selling theories. I am more optimistic than most about the long term impact of COVID-19 and I think energy will improve when this mess clears and economies start moving. It strikes me as a good long term opportunity. Do you have some Tech interests that you could share? I am certainly open to learning.
I bought some Chevron on 4/1 at $69 and it's up 30% since then. My only regret is that I didn't buy more.
It seems like there are only two outcomes. Why did I buy? Why didn't I buy more? You got the best one. ;-)
Order date Status Symbol Name % Change
4/23/2020 Executed BP BP PLC SPON ADR 2.29%
4/23/2020 Executed CVX CHEVRON CORP 1.30%
4/23/2020 Executed XOM EXXON MOBIL CORP 0.90%
4/23/2020 Executed PSX PHILLIPS 66 4.84%
4/23/2020 Executed RDS B ROYAL DUTCH SHELL PLC B SHARES -0.77%
Total 1.35%[/QUOTE]
Finished the day on the plus side. +1.35%
4/23/2020 Executed BP BP PLC SPON ADR 2.29%
4/23/2020 Executed CVX CHEVRON CORP 1.30%
4/23/2020 Executed XOM EXXON MOBIL CORP 0.90%
4/23/2020 Executed PSX PHILLIPS 66 4.84%
4/23/2020 Executed RDS B ROYAL DUTCH SHELL PLC B SHARES -0.77%
Total 1.35%[/QUOTE]
Finished the day on the plus side. +1.35%
I try not to trade them, buy the best of the best when I catch them down (literally never for some)-with zero commissions, you can accumulate small numbers of shares of ADBE MSFT NVDA, AMZN NFLX but wait for a drop, KEYS I like in 5G. Lots of bargains out there in fintech such as MA or V.
Think of them all as trades rather than investments.
Sold some DXCM up 75% in a month. Not buying anything now but fixed income in my IRA but I still have very low limit orders if we happen to take out the recent lows.
Exactly, those medical stocks have made their run unless an investor has great medical company knowledge.
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My VIAC is up 48% since purchase a few weeks ago. HBI up 33%.
Life is good.
Good luck, and may the market bring you much profit over the coming months.
Life is good.
Good luck, and may the market bring you much profit over the coming months.
A true bottom fisher, and a good one, love how you and jameslee do your own thing!
Yep, I grabbed some VIAC on 4/1 at $13 based on a tip in this thread...if it was you then thanks!
That and the CVX I purchased the same day at $69 has made me quite a bit this month.
Blessed that I'm able to WFH and have the money to bring into the market now when so many others are struggling.
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anon_l8pbkn96tg3j6
Guest
What the **** is Elon musk doing right now? Isn't the shaman supposed to take your phone away before you blast off to another planet?
Bought the MU dip. Couldn't resist. Probably too early but increased my exposure. But already own NVDA and wanting more of that as well.
Rough couple of days. Luckily I'm a buyer not a seller.
Bought some more TDOC.
Probably increase my position in MU and start one in AMD. Already have a bunch of NVDA.
Still think we'll get back near the recent lows.
Probably increase my position in MU and start one in AMD. Already have a bunch of NVDA.
Still think we'll get back near the recent lows.
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