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Stock Market GAF |OT| *watches wolf of wall street once*

NOTE: As with any financial advice, take what's posted here with a grain of salt.

I started buying a couple penny stocks. Bought into a silver company that I've gained a little bit on, as well as a couple JC Penney stocks (we'll see how that goes, not expecting much).

You guys buy any stocks? I'd love to see what you guys buy.
 

Maiden Voyage

Gold™ Member
I don't actively trade yet, but would like to after I make enough to max out my retirement contributions.

I would look into either crypto or, for stock, probably look at weed, plant based food, or tech stocks if I was trading today.
 

kurisu_1974

is on perm warning for being a low level troll
I got some Canadian weed stocks when they legalized. They kept dropping and it is just shit now. Canopy is a horribly run company, I mean how can you fucking fail selling weed.

Also got some hydrogen penny stocks and they are soaring. Those alone make up for my weed stock loss.
 
I got some Canadian weed stocks when they legalized. They kept dropping and it is just shit now. Canopy is a horribly run company, I mean how can you fucking fail selling weed.

Also got some hydrogen penny stocks and they are soaring. Those alone make up for my weed stock loss.

Hm, never thought about hydrogen, considering the shortage and all. I'll look into it!
 

haxan7

Volunteered as Tribute
Microsoft just keeps going up and up. I bought it at $101 a share last year, and now it's at $171.
 

MaestroMike

Gold Member
bought disney before avengers endgame came out and sold it a few months later made like 300 bucks didn't wanna sell it but I needed the money. gunna get back into it soon.
 
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UltimaKilo

Gold Member
All of my income comes from the market. If you’re looking at a time to get in, this pullback is it. However, you need to be ready since the snap back will be quick. I don’t think we’ve reached the bottom yet, but we’re definitely entering oversold territory.

Stop putting your money into penny stocks. Do your research before you invest in a company.
 

TheUsual

Gold Member
So I started a few years backs doing small investments with Robinhood. Still use it but would it be wiser to open up a TD Ameritrade account or somewhere else?
 
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I bought a couple shares in Cumulus Media (CMLS). iHeartMedia and Cumulus have apparently been looking a lot better ever since they exited bankruptcy, so I went in and bought a couple shares. They're still buying stations though, which makes me cautious.

So I started a few years backs doing small investments with Robinhood. Still use it but would it be wiser to open up a TD Ameritrade account or somewhere else?

I use Charles Schwab.
 

Durask

Member
So, what do you do with cash now? I was sitting on some because the market was so high, should I buy now or wait some more?
 

PSYGN

Member
I think we'll see a very fast recovery just like we have the crash, assuming:
  • COVID-19 curve continues to flatten
  • Media hype as market stabilizes which plays into...
  • Fear of missing out as stock recovers quickly which plays well into...
  • Dummy-proof investment and savings apps that'll allow anyone to get into the game just like Coinbase did for crypto
I also fear that as things flatten further people will become too lax about it and we might see another spike. I think that will be the devastating one for businesses. What do you guys think?
 
I think that when the quarantine ends and we see who has a job, that's when we find out how bad it is. I'm skeptical of any recovery happening. Even with extreme government intervention a lot of businesses are closing for good.


Apparently I never understood how afraid people were of getting sick. I think a large section of society will be staying at home and not spending a lot of money after this even if they are gainfully employed. I think a lot of people are going to be re-evaluating their desire to go to movies or eat at restaurants, and who knows which ones will exist when this is over.
 

God Enel

Member
Do you think it’s worth it investing in cruise companies now that they’re down so much? Royal cruises and whatever the fuck they’re called
 

Chankoras

Member
Do you think it’s worth it investing in cruise companies now that they’re down so much? Royal cruises and whatever the fuck they’re called
Maybe Carnival, the Saudis invested in an 8% stake, but recovery probably is going to take a bit long.
 
Wife and I just put some thousands aside to buy a few speculation stocks in this downturn. I think Tesla is a no brainer, I'm waiting on SpaceX to list, we're eyeballing a few local Aussie banks/utilities that will bounce back up but any recommendations would be welcomed to look at. I've also been enjoying the Australian BetaShares ETF app recently. On to self managed super later this year as well.

One area that will bounce back is travel and holiday industries, after isolation breaks people are going to want to get away big time, eventually after the fear of travel dissipates.
 

HarryKS

Member
Classic pump and dump. GILEAD. It was criminal.

Wife and I just put some thousands aside to buy a few speculation stocks in this downturn. I think Tesla is a no brainer, I'm waiting on SpaceX to list, we're eyeballing a few local Aussie banks/utilities that will bounce back up but any recommendations would be welcomed to look at. I've also been enjoying the Australian BetaShares ETF app recently. On to self managed super later this year as well.

The classic memestocks. You might be able to ride that wave, but don't be surprised when it comes crashing.
 
Owning Tesla stocks isn't investing.

Gilead ended up being funnier than I expected. Not one person other than me actually saw the original report where there was no control group and a 68% success rate on people who were already deathly ill to begin with and their chances of survival around 50%. My only regret is that I didn't have conviction in my knowledge of the situation otherwise I would have bought more than just a few puts.
 
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Owning Tesla stocks isn't investing.

Gilead ended up being funnier than I expected. Not one person other than me actually saw the original report where there was no control group and a 68% success rate on people who were already deathly ill to begin with and their chances of survival around 50%. My only regret is that I didn't have conviction in my knowledge of the situation otherwise I would have bought more than just a few puts.

Tesla isn't investing? I think you need to do some more research as well.. Tesla isn't just a car company; they are one of the only companies that are truly looking towards our future. Solar and other renewable energy sources WILL be the future, regardless of dropping oil prices.

Bitcoin is still the hardest, best performing asset in the last 11~ years and doesn't look like it is going to let off anytime soon. Also, I should add that majority of crypto is total garbage, do your own research! People come into bitcoin for the quick money, but stay for the hardest asset on the market. (BTW: I guess many people don't realize, you don't have to buy an entire bitcoin)
 
Tesla isn't investing? I think you need to do some more research as well.. Tesla isn't just a car company; they are one of the only companies that are truly looking towards our future. Solar and other renewable energy sources WILL be the future, regardless of dropping oil prices.

Fufu~ How did that go for you today?

There are many, many moments when I step back and wonder why the hell I have so much money on this company and it's legendary memes tier CEO. I want to be very clear about this. For a genius, Elon is amazingly retarded. I think that's why I sympathize, because I am also retarded. Plus the actual returns I've made on TSLA, if you ignore the stomach-churning journey on the way, are arguably the best in my portfolio and I'm someone who has AMZN, AAPL, and NVDA.

If you can handle dealing with a CEO who casually tweets he thinks the stock price is too high and purposely tanks his own company's stock price for memes (and this is actually the 5th time he has done this), then sure Tesla is investing. If you can't....I wouldn't have money in Tesla if I were you. And this is ignoring the randomly accusing people of being pedophiles, taking his company private at $420 (hurr hurr burn one down baby), and other shit he has done.
 
Fufu~ How did that go for you today?

There are many, many moments when I step back and wonder why the hell I have so much money on this company and it's legendary memes tier CEO. I want to be very clear about this. For a genius, Elon is amazingly retarded. I think that's why I sympathize, because I am also retarded. Plus the actual returns I've made on TSLA, if you ignore the stomach-churning journey on the way, are arguably the best in my portfolio and I'm someone who has AMZN, AAPL, and NVDA.

If you can handle dealing with a CEO who casually tweets he thinks the stock price is too high and purposely tanks his own company's stock price for memes (and this is actually the 5th time he has done this), then sure Tesla is investing. If you can't....I wouldn't have money in Tesla if I were you. And this is ignoring the randomly accusing people of being pedophiles, taking his company private at $420 (hurr hurr burn one down baby), and other shit he has done.

Guy is probably hedging third party offshore investment bets and cashing in on his own manipulations behind the scenes. Perhaps he just wants to save Tesla the billion or so payout to him...who knows why he's nuts to the wall. At the least he is interesting but remains a talented twat.
 
Fufu~ How did that go for you today?

There are many, many moments when I step back and wonder why the hell I have so much money on this company and it's legendary memes tier CEO. I want to be very clear about this. For a genius, Elon is amazingly retarded. I think that's why I sympathize, because I am also retarded. Plus the actual returns I've made on TSLA, if you ignore the stomach-churning journey on the way, are arguably the best in my portfolio and I'm someone who has AMZN, AAPL, and NVDA.

If you can handle dealing with a CEO who casually tweets he thinks the stock price is too high and purposely tanks his own company's stock price for memes (and this is actually the 5th time he has done this), then sure Tesla is investing. If you can't....I wouldn't have money in Tesla if I were you. And this is ignoring the randomly accusing people of being pedophiles, taking his company private at $420 (hurr hurr burn one down baby), and other shit he has done.

I don't personally hold TSLA but Elon certainly wasn't tanking his stock price "for memes". Look at the macro environment we are in. Teslas stock has rebounded from around 360$ per share, to 780$ per share since the vicious sell off just back in March. Why? Unemployment is at record levels, the entire planets different economies are all nearly at a stand still.. Elon is one of the only people pointing out what is going on in the market is completely absurd.

In a time where governments around the world are saving big corporations, he is one of the only CEO's to be honest with shareholders and let people know he thinks the stock is overpriced. Elon actually cares about humanity and not just pleasing shareholders by keeping his mouth shut.

Yes he is a bit over dramatic sometimes, but seems to be the only way people actually listen..
 
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BigBooper

Member
Anyone else betting on oil coming back? I've got some riding on BP. Even if the stock doesn't jump up where they were a few years ago, they are paying a good dividend right now.
 
Anyone else betting on oil coming back? I've got some riding on BP. Even if the stock doesn't jump up where they were a few years ago, they are paying a good dividend right now.
This may be a good short term trade; but long term, I don't believe so. The oil sector is getting phased out, regardless of how cheap it becomes; it is still damaging the environment. It only makes sense that in the future, sustainable energy is the way to go.
 
This may be a good short term trade; but long term, I don't believe so. The oil sector is getting phased out, regardless of how cheap it becomes; it is still damaging the environment. It only makes sense that in the future, sustainable energy is the way to go.
This is the incorrect take.

Oil isn't getting phased out for a very very long time.

Bet on it rising but the fall of the OPEC agreements has changed the dichotomy on oil. Think of it this way, they all trusted each other and formed a nice little oil cartel but that trust got violated. To stop their countries from falling, they have reunited the cartel but the illusion that the trust has returned or could ever return is just that... a mirage. They always knew somebody in the cartel could fuck with their sweet deal but now it's been confirmed. There is no returning to normal. Also, other avenues of maintaining oil production and stock have upset the apple cart. It's never going back to the way (price) it was before.
 

Whitesnake

Banned
So far I’ve made a +37.5% profit from investing in USO.

I don’t understand why more people don’t do this.

Maybe this statement is proof of my inexperience, but it seems to me like investing in a market that takes a brief controlled crash due to politics is almost a sure-fire investment, especially when the market is one that the world still needs (and thus will not stay down).
 

thanosg

Banned
So far I’ve made a +37.5% profit from investing in USO.

I don’t understand why more people don’t do this.

Maybe this statement is proof of my inexperience, but it seems to me like investing in a market that takes a brief controlled crash due to politics is almost a sure-fire investment, especially when the market is one that the world still needs (and thus will not stay down).

People tend to avoid long term losers(oil) and pile into long term winners (tech). If you got stuck in something like Amazon or Apple, no problem as it will get to all time high again. But if you got stuck in losers like oil, who knows how low it will go.

I think oil works as a short term trade not an investment.
 
So far I’ve made a +37.5% profit from investing in USO.

I don’t understand why more people don’t do this.

Maybe this statement is proof of my inexperience, but it seems to me like investing in a market that takes a brief controlled crash due to politics is almost a sure-fire investment, especially when the market is one that the world still needs (and thus will not stay down).

That is a trade, not an investment. Regardless if oil is still needed, the entire world is sitting on massive oil reserves right now.. With hardly any demand other than speculation. If you had to sit on whatever you invest in for the next 10+ years, would it be oil?
 

Papa

Banned
Invest in coal, mudda fuggas. World is gonna need a whole lotta steel for all these Keynesian policies that are about to be implemented.
 
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VFXVeteran

Banned
Nice to see some investors here.

I have been down the trading route and lost big. Got stressed early on when buying stocks until a broker that I talked to told me that there is no way I will win the game by trading as a middle class person. I have to agree.

In any case, I've put my interest in the big name tech companies that I know will deliver over the long run:

NVDA
AMZN
GOOG
INTL
AMD
TSLA

I have a few potentials from which I've sold and bought over the years:
APPL
DIS
SKYWKS
LMT
MSFT

to name a few..
 

BeforeU

Oft hope is born when all is forlorn.
Yeah I think everyone is caught off guard with this rally, even investors like druckenmiller, buffet. Recovery is bonkers, I don't see anything changing in terms of economy outlook until the vaccine is out.
 
I think peoples biggest mistake in viewing the stock market is believing it is a reflection of the economy. If this rally hasn't proved that to you, I am not sure what will.. The stock market is a reflection of central bank action, and lately the money printer has been going *brrrrrrrrrrrrrr*
V9vNL0t.jpg
 

BoingBus

Banned
With all the shutdowns going on (and the recent MLB outbreak), I firmly believe that going back to school for the vast majority of the US population will be a complete clusterfuck and want to take advantage of that situation. I bought some K12 (LRN) earlier but was wondering of any other online education (for K-12) stocks that would possibly blow up like Xoom when school starts in a month.
 
With all the shutdowns going on (and the recent MLB outbreak), I firmly believe that going back to school for the vast majority of the US population will be a complete clusterfuck and want to take advantage of that situation. I bought some K12 (LRN) earlier but was wondering of any other online education (for K-12) stocks that would possibly blow up like Xoom when school starts in a month.

I'm selling stock in my employer, since it went up a bunch. Will tell you what I find and buy once it sells.
 
Do you use (or can use) a Stock Broker to buy and sell shares for you?

If you can, how much do you provide and what is the Cut that they take?
 
Update to my last post.

Decided to take the Plunge with Trading 212 and honestly...addicted to it (and I need to stop!)

Looked into it a lot as to what to look for long term and decided to get some shares in Coca Cola, American Airlines (Risky but it's something that could come back in a big way), Cineworld, Investec, ITV, Johnson Controls and Lloyds Bank being some major ones.

Seems you have to look into Growth and Divendends to get the best results, and of course take advantage of the Market whilst the stocks have come down.

Playing the long game here but I do love numbers on the Broker that I just get addicted!!!
 
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