Economy Stock market chat v3: Tesla crashes

[JonesBones]

WOW has been a disaster. I'll still buy here

 

[rob mafia]

cvs raped me a while ago, i've held too much of a grudge to buy that stock again.

and i use robinhood, too. but i'm going to have to switch/open a 2nd account for shorts and better options trading. unless RH allows shorting soon.

 

[brackis1]

damn I flipped a quick FB facebook short but should have held in there! People are freaked on it

 

[Brampton_Boy]

Damn, WLL went off a cliff. That stock has a beta of 3, meaning it is 3 times as volatile as the overall market. Those stocks remind me of my oil stock Chap. They are good for swings and maybe long term but they are volatile. Chevron and bigger companies are less volatile. Natural gas is also down which all these companies do too.

Today's tape is making me ill - although energy is holding up nicely for once.

My marijuana and tech holdings are getting smashed. DOJ investigations into FB and Google tanked the markets (in addition to the general overhang of trade disputes).

FUCK. Thank goodness I don't need to sell anything in the immediate future. If this continues though, I will eventually cut my losses and move everything over to bonds.

 

[JonesBones]

Today's tape is making me ill - although energy is holding up nicely for once.

My marijuana and tech holdings are getting smashed. DOJ investigations into FB and Google tanked the markets (in addition to the general overhang of trade disputes).

FUCK. Thank goodness I don't need to sell anything in the immediate future. If this continues though, I will eventually cut my losses and move everything over to bonds.

You should be buying some defense when stuff like tech and oil are up. Weed isn't defense. lol. TLT has been great. Look at things like healthcare, consumer staples and utilities. A simple hedge is ticker SH which is an inverse S and P etf. It does the opposite of what the market does. Market goes down 2%, it goes up 2% and vice versa.

And if you believe in your stocks you should buy them when they are taking a beating. Target is another. I wish I didn't sell that.

You should never be 100% in bonds imo. Ever.

 

[JonesBones]

Shorting nasdaq would have even brought you greater returns than shorting S and P. Nasdaq is tech heavy and growth heavy. There are ETFs for that too.

Here is inverse nasdaq etf

 

[JonesBones]

Oh, and banks are stocks with decent dividends that have been taking a beating. The yield spread isn't in their favor but they gotta recover sometime.

Oil has also kicked my ass. I bought USO calls for $40 a contract. They are now worth a buck a piece. lol. Luckily I didn't buy too many. I try to not to buy all my positions at once so I have buying on the dip too.

FB is gonna be a buy soon imo unless they actually get taken down. That ad revenue still continues to roll in.

WOW is already starting to pay off:

 

[brackis1]

I know what you mean. At least there is some volatility instead of going straight down. I very well might buy a little more when it bottoms again. I still don't have much invested in it. People are freaking out about what Mongolia is going to do. It seems like there is always some caveat with these mining stocks. BTW someone on Yahoo said it was a very small trade that took it from 1.20 to 1.26. I have not bothered to confirm.

Another one that keeps "bottoming" is Cobalt 27. I keep buying it under $3.00. If you think EVs and energy storage are worth investing in and would rather deal with a streaming and royalty company than a mining company it is worth a look.

Do you have a stock in mind for copper or pure commodity play.
TRQ just appointed a new COO today and released some prospectus stuff.
https://www.turquoisehill.com/site/assets/files/5051/roadshow_june_3_final.pdf

 

[Brampton_Boy]

Ugh - I went from being up 18% in my overall portfolio early May, to down 5%.

Thank goodness writing covered calls has been offsetting my losses.

 

[brackis1]

Ugh - I went from being up 18% in my overall portfolio early May, to down 5%.

Thank goodness writing covered calls has been offsetting my losses.

I've had a shit last week too; all my shorts were flat today save for Tesla and my longs got ripped save for TRQ

What sorts of things you got?

 

[JonesBones]

At least Beyond Meat was humbled today

 

[brackis1]

At least Beyond Meat was humbled today

Couldn't get any shares thru my brokerage at 105...was saltier than their products.

 

[JonesBones]

VWware is starting to interest me

 

[asdffdsa]

Do you have a stock in mind for copper or pure commodity play.
TRQ just appointed a new COO today and released some prospectus stuff.
https://www.turquoisehill.com/site/assets/files/5051/roadshow_june_3_final.pdf

Just a little caveat to start off. This part of my portfolio ranges between somewhat risky and highly speculative. The trade war has put a bit of a damper on my expectations, but in the long run I think things will work out.

The only pure copper play I have is Excelsior Mining. They are constructing an in situ mine scheduled to produce copper starting at the end of this year. Low AISC somewhere in the $1.40s and one of the highest IRR of any copper mine in construction.

Speculative cobalt stock I bought a little bit of a few days ago is First Cobalt. They could potentially have the first cobalt refinery in North America. They need about $37M to build it and process 5kt cobalt per year. There are some talks of Glencore providing raw material. They also have a cobalt resource that isn't all that amazing, but it might be worth something with higher cobalt prices.

For shits I have some Caledonia Mining. Small gold mine in Zimbabwe with 5 percent dividend. Planning on increasing production from something like 50,000 oz to 80,000 oz in 2021. I don't really care about gold, but all the gold nuts on youtube have convinced me to invest at least a little bit in it.

I have Syrah Resources for graphite. I'm still down. Got in a bit too early. Barring disruptive battery tech, there will be some big winners in graphite. Unfortunately graphite is a bit more complex than the other commodities. Large flakes cost significantly more than small and has different uses, but small takes less energy to spheroidize for use in lithium ion batteries. Syrah has a lot of small flake and they are building a plant in the US to create battery anode material.

Just about everything else is either nickel/cobalt or cobalt copper.

I probably have more Katanga than I should. Fairly risky cobalt/copper mine. Large, high grade resource in the DRC. High risk high reward type thing.

I don't have Ivanhoe mines, but they have an enormous copper project in the making. I am also considering Norilsk. Primarily nickel/palladium, but a bit of everything. High operating margin and 9 percent dividend.

TL/DR

 

[JonesBones]

You know my buddy who took out his 401k to day trade? Now he is investing in dividend stocks. lol. Took out his 401k for 4-5% yield dividend stocks. lol.

 

[JonesBones]

Mattel was kicked out of the S and P 500 and replaced by Bemis

NEW YORK, June 3, 2019 /PRNewswire/ -- S&P MidCap 400 constituent Bemis Company Inc. (BMS) will replace Mattel Inc. (MAT) in the S&P 500, and Mattel will replace Bemis in the S&P MidCap 400 effective prior to the open of trading on Friday, June 7. Amcor Limited (AMC.AX) is merging with Bemis in a transaction expected to be completed soon pending final conditions. The combined company will be considered US domiciled for index purposes, and Bemis will be treated as the surviving entity. Post merger, the company will be named Amcor plc and will trade on the New York Stock Exchange under ticker symbol "AMCR". Amcor plc will have a projected total market capitalization that is more representative of the large-cap market space. Mattel is ranked near the bottom of the S&P 500 and has a total market capitalization that is more representative of the mid-cap market space.

Neenah, WI, the company will be added to the S&P 500 Global Industry Classification Standard (GICS) Paper Packaging Sub-Industry index." data-reactid="12" style="margin-bottom: 1em; color: rgb(38, 40, 42); font-family: "Helvetica Neue", Helvetica, Arial, sans-serif; background-color: rgb(255, 255, 255);">Bemis manufacturers and sells packaging products. Headquartered in Neenah, WI, the company will be added to the S&P 500 Global Industry Classification Standard (GICS) Paper Packaging Sub-Industry index.

 

[Brampton_Boy]

OIL
Encana
Chesapeake
Crescent Point Energy
Baytex

Up on CPG and CHK, down about 10% a piece on ECA and BTX

MJ
Aurora
Aphria
Canntrust
TGODF

I was up HUGE on all of them until about the 21st of May - they have all dropped 20% since then.

GOLD
Eldorodo
Yamana

Only thing that is doing well in my portfolio, but I am still overall down on Eldorodo. I bought it last summer at much higher

Utilities
Altagas
Hydroone
Emera

Not much change in any of the above.

TECH
Nvidia
Micron
Intel
AMD
Weebo

I was doing really well on NVDA and MU until the trade war.

Not exactly the most diversified portfolio, but I have a decent appetite for risk and no immediate needs for the money. Given that alot of these are really volatile, I generate a decent amount monthly on covered calls. I think I have only ever missed out on a huge run up a handful of times. For the most part, I am happy just to keep my stock, or have it expire just above the strike price.

 

[JonesBones]

I'm green as shit today. LOSERS

 

[JonesBones]

OIL
Encana
Chesapeake
Crescent Point Energy
Baytex

Up on CPG and CHK, down about 10% a piece on ECA and BTX

MJ
Aurora
Aphria
Canntrust
TGODF

I was up HUGE on all of them until about the 21st of May - they have all dropped 20% since then.

GOLD
Eldorodo
Yamana

Only thing that is doing well in my portfolio, but I am still overall down on Eldorodo. I bought it last summer at much higher

Utilities
Altagas
Hydroone
Emera

Not much change in any of the above.

TECH
Nvidia
Micron
Intel
AMD
Weebo

I was doing really well on NVDA and MU until the trade war.

Not exactly the most diversified portfolio, but I have a decent appetite for risk and no immediate needs for the money. Given that alot of these are really volatile, I generate a decent amount monthly on covered calls. I think I have only ever missed out on a huge run up a handful of times. For the most part, I am happy just to keep my stock, or have it expire just above the strike price.

Honestly, this is a bad portfolio. lol. Get rid of Weibo immediately. You are overexposed to the chip sector, which is taking a beating. Make up your mind on a few. Owning Micron, Intel, AMD and Nvidia is overkill. Most of these are undervalued but I would still reduce exposure. Look into software like Twilio and Salesforce. Microsoft too. Something in tech besides chips. Cisco has a decent dividend.

Never heard of any of those utlities. Don't like your weed stocks. Never heard of those oil companies either. You need some retail like TJX too.

 

[brackis1]

I'm green as shit today. LOSERS

Nice one. I'm gonna short this. Classic squeeze.

I just made a ballsy landsend short and FOSL too.