Economy stonks v15, lucid madness

[BIKES!]

oh no lol
You're better off in MPLN imo, which I dodged a bullet out and am lurking into earnings.

I've been watching CLOV closely and like AVXL it's been a winner for my in n outs

I don't see much risk and high chance of getting 3-4% by tomorrow.

 

[brackis1]

prpb you slut I wanted you down for end of day buying on the gamble on merger.

 

[BIKES!]

Carnival making me thinking about getting back into AAL.

 

[rob mafia]

prpb you slut I wanted you down for end of day buying on the gamble on merger.

i sold at 11.05

might try to snake back in during AH




edit: lolz, i'm actually down for the day due to xlnx/amd. not that i'm concerned about that. just seems funny with today's insanity.

 

[CatchnShoot]

I'm just getting into stocks and investing. Can someone pass along some good books and websites that could help someone as clueless as me get started?

I am far from an expert, but:

Depends on what you're looking to do.
If you are able to trade all day you can flip volatile stuff rapidly. That's what brackis/rob mafia etc. play with, I think. If you can't pay attention you can lose your shirt on speculative stuff, but if you've got the stomach for it, and the flexibility to execute on a turn, you can make money pretty quickly.

If you are looking to just buy value and hold onto it, I would suggest mutual funds, or ETF's or an overall market index. Very different types of investment. This is the majority of what I invest in, with only a couple thousand to play around on riskier stuff for fun. If it goes away, it goes away.

I think most online brokers will have a basics of investing as a part of their offering, and many will allow you to play on a simulator...which I would recommend before you start playing with real money.
After learning the basic terminology and types of transactions and you determine what type of investor you are you can target whatever resources are most appropriate to your aims.

Resources for starting:
https://learn.robinhood.com/
https://www.fidelity.com/trading/overview
https://www.tdameritrade.com/education/investment-classes.page

Investopedia has basics for free, and they try to sell you on more advanced concepts through courses.. ameritrade gives free courses.


Some sims:
Investopedia https://www.investopedia.com/simulator/
Marketwatch https://www.marketwatch.com/game
wall street survivor http://www.wallstreetsurvivor.com/

 

[rob mafia]

i really don't understand qs and their movements. i guess it's good that i stay away from them. there are like 894623974856 battery companies, i can't figure out why this one is valued based on unicorn farts.

 

[rob mafia]

lolz.

ibio's tanking. i don't even know who this is, but i sold $2 2/19C on them. i should have sold (shares) at 2.50+ instead. i'm only in at ~$1 (and less with the premiums), but damn. i want out, dammit

 

[brackis1]

i really don't understand qs and their movements. i guess it's good that i stay away from them. there are like 894623974856 battery companies, i can't figure out why this one is valued based on unicorn farts.

Bro they have an indian guy with a headscarf for ceo, so it's science stuff clearly!

 

[rob mafia]

Bro they have an indian guy with a headscarf for ceo, so it's science stuff clearly!

i, too, base my trades off johnny quest episodes. (or really, venture bros)

(pictured, mike pence spreads the gospel of republicanism)

is this battery?

 

[Gas121]

Today was a fucking shitty day to trade. Many stocks just dipped and were flat. I made big gains in OIL and weed stocks. NEPT I sold today at 25% loss, earnings were horrible. What a dumb play this was I made.

 

[brackis1]

Damn Almost got some MVIS short only down 5% off an offering, now down 10% prolly goes to -15 but missed my freebie.

 

[Gas121]

i really don't understand qs and their movements. i guess it's good that i stay away from them. there are like 894623974856 battery companies, i can't figure out why this one is valued based on unicorn farts.

Agree, battery companies in general are all over the shop..however PLUG seem to be leading the pack with the latest deals with Portugal and Spain. I like PLUG but I am far to scared to invest in something that has ran from $4 last March to now $60 or any battery company at the moment.

I guess what I am trying to say is; I like many companies right now in the market like EV, battery but the stock price and valuation of these businesses are fucking bonkers.

Maybe its just me that thinks this way.. I mean okay I never invested in Tesla and it kept running. I am feeling the same way now about EV and battery companies, maybe the sector will continue to run and I will be saying the same thing.

I have no current positions in EV & battery companies. I really like FSR but its not a buy yet, there far to away from selling a single vehicle.

I guess I am kinda bearish on this sector but only due to the valuations.

 

[44nutman]

dude

Sweet

 

[HOLA]

• Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) trims its holding in Apple (NASDAQ:AAPL) to 887.1M shares from 944.3M and Wells Fargo (NYSE:WFC) to 52.4M from 127.4M shares, according to its latest 13F filing.
• Adds new stake in Verizon (NYSE:VZ) at 146.7M shares, Chevron (NYSE:CVX) at 48.5M shares, and Marsh & McLennan (NYSE:MMC) at 4.27M shares.
• Exits Barrick Gold (NYSE:GOLD), Pfizer (NYSE:PFE), M&T Bank (NYSE:MTB), and JPMorgan Chase (NYSE:JPM).
• Boosts stakes in Kroger (NYSE:KR) to 33.5M shares from 25.0M shares, Merck to 28.7M shares from 22.4M, Abbvie (NYSE:ABBV) to 25.5M shares from 21.3M shares, and Bristol-Myers Squibb (NYSE:BMY) to 33.3M from 30M.

Odd moves. Chevron, and Verizon, eh?

 

[HOLA]

Berkshire's BYD holdings is up 476% over the last year. Even more than Tesla is up over the same period. I never knew what to make of that investment but It certainly paid off. He spent $232 million on it in 2008 and it's now worth almost $8 billion.

 

[44nutman]

• Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A) trims its holding in Apple (NASDAQ:AAPL) to 887.1M shares from 944.3M and Wells Fargo (NYSE:WFC) to 52.4M from 127.4M shares, according to its latest 13F filing.
• Adds new stake in Verizon (NYSE:VZ) at 146.7M shares, Chevron (NYSE:CVX) at 48.5M shares, and Marsh & McLennan (NYSE:MMC) at 4.27M shares.
• Exits Barrick Gold (NYSE:GOLD), Pfizer (NYSE:PFE), M&T Bank (NYSE:MTB), and JPMorgan Chase (NYSE:JPM).
• Boosts stakes in Kroger (NYSE:KR) to 33.5M shares from 25.0M shares, Merck to 28.7M shares from 22.4M, Abbvie (NYSE:ABBV) to 25.5M shares from 21.3M shares, and Bristol-Myers Squibb (NYSE:BMY) to 33.3M from 30M.

Odd moves. Chevron, and Verizon, eh?

I own $CVX and was going to bail after Biden won, but started thinking.
The oil companies all trimmed the fat during the House of Saud & Russia dick measuring contest over oil prices. That combined with Covid, all of them trimmed what they needed price per barrel to stay out of the red. The Price per Barrel is going up and these companies that made themselves lean are going to get fat. So I did not sell my oil stocks after Biden won and it was a good move. Both my oil pay dividends. Oil still has a run left in it. Eventually I will get out, but that is years down the road, and will suck up dividends in the mean time.
Nice to see Buffet and I on the same page with Oil.

 

[HOLA]

I own $CVX and was going to bail after Biden won, but started thinking.
The oil companies all trimmed the fat during the House of Saud & Russia dick measuring contest over oil prices. That combined with Covid, all of them trimmed what they needed price per barrel to stay out of the red. The Price per Barrel is going up and these companies that made themselves lean are going to get fat. So I did not sell my oil stocks after Biden won and it was a good move. Both my oil pay dividends. Oil still has a run left in it. Eventually I will get out, but that is years down the road, and will suck up dividends in the mean time.
Nice to see Buffet and I on the same page with Oil.

You might be correct. CVX with what looks like a safe 5.58% yield right now is definitely a rarity these days. Buffett always loved dividends (getting them, not paying them).

 

[Handsome Bruce]

I am far from an expert, but:

Depends on what you're looking to do.
If you are able to trade all day you can flip volatile stuff rapidly. That's what brackis/rob mafia etc. play with, I think. If you can't pay attention you can lose your shirt on speculative stuff, but if you've got the stomach for it, and the flexibility to execute on a turn, you can make money pretty quickly.

If you are looking to just buy value and hold onto it, I would suggest mutual funds, or ETF's or an overall market index. Very different types of investment. This is the majority of what I invest in, with only a couple thousand to play around on riskier stuff for fun. If it goes away, it goes away.

I think most online brokers will have a basics of investing as a part of their offering, and many will allow you to play on a simulator...which I would recommend before you start playing with real money.
After learning the basic terminology and types of transactions and you determine what type of investor you are you can target whatever resources are most appropriate to your aims.

Resources for starting:
https://learn.robinhood.com/
https://www.fidelity.com/trading/overview
https://www.tdameritrade.com/education/investment-classes.page

Investopedia has basics for free, and they try to sell you on more advanced concepts through courses.. ameritrade gives free courses.


Some sims:
Investopedia https://www.investopedia.com/simulator/
Marketwatch https://www.marketwatch.com/game
wall street survivor http://www.wallstreetsurvivor.com/

This is perfect. Thank you.

 

[cleetus]

lolz.

ibio's tanking. i don't even know who this is, but i sold $2 2/19C on them. i should have sold (shares) at 2.50+ instead. i'm only in at ~$1 (and less with the premiums), but damn. i want out, dammit

Bought in at 2.5 last week. Was gonna get out at 2.8+, but missed that window.

 

[Hadron90]

I'm just getting into stocks and investing. Can someone pass along some good books and websites that could help someone as clueless as me get started?

Buy high and sell low. Or maybe the other way around. I get it mixed up.