Board 8 > Stock Topic

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Can someone explain how MFO is related to MFA? Same with MFA-PB. Can you invest into them separately? Seems theyre all related or share revenue?

Strongly considering putting $30k into MFA at closing. It dipped a lot the final four. Id be hoping for a 50% open tomorrow.

Moonroof posted...

Strongly considering putting $30k into MFA at closing. It dipped a lot the final four. Id be hoping for a 50% open tomorrow.

Yes, I sold half in the mid 2's today, gonna buy it back if it keeps falling.

thx chris

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You're welcome!

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I will never get over not getting in when it was under 50 cents :(

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I did 10k only. Fingers crossed.

What did you buy at

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1.75.

I think you will be wishing you had done the full 30 lol

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It's really depressing watching people get rich off a crisis with disposable money they have available while I am just hoping not to have the crisis kill my job off and leave me unable to pay my mortgage for my family.

= /

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Corrik7 posted...

It's really depressing watching people get rich off a crisis with disposable money they have available while I am just hoping not to have the crisis kill my job off and leave me unable to pay my mortgage for my family.

= /

They don't get rich via the market, the game is rigged. Eventually everyone gives any gains they make back to the market, it's just a question of how long until they blow up. It's a casino.

Everyone thinks they're gonna be the next Warren Buffett.

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Sorry corrik

DoomTheGyarados posted...

I think you will be wishing you had done the full 30 lol

Baby steps. Ive come a long way

Corrik7 posted...

It's really depressing watching people get rich off a crisis with disposable money they have available while I am just hoping not to have the crisis kill my job off and leave me unable to pay my mortgage for my family.

= /

Hey I spent the better part of a year fighting for you to have health insurance as a human right. I tried!

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Corrik7 posted...

It's really depressing watching people get rich off a crisis with disposable money they have available while I am just hoping not to have the crisis kill my job off and leave me unable to pay my mortgage for my family.

= /

If you were a really good trader you'd have taken out a second mortgage in February and used the money to sell casino/travel stocks short. Then you'd have flipped your position at the bottom and bought them.. You'd have made a fortune by now and wouldn't need to worry about losing your job as you'd be rich.

That said, people don't usually like to brag about their losses. So if you are reading a message board, you're going to see mostly stories about winning. Even when the country has a whole has lost trillions in the last month, so people on here making money is definitely a minority outcome.

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red sox 777 posted... If you were a really good trader you'd have taken out a second mortgage in February and used the money to sell casino/travel stocks short. Then you'd have flipped your position at the bottom and bought them.. You'd have made a fortune by now and wouldn't need to worry about losing your job as you'd be rich.

For the record things like this don't make you a good trader, they make you a good gambler.

Don't gamble with money you cant afford to lose, even temporarily.

The market may go up but you are always at risk for unforseen circumstances causing a crash. Something like the President getting Coronavirus and being hospitalized or something absolutely would tank the markets. Would the market recover? Yeah, but in the short term(Short term is 12 months) if you needed that money for a bill and don't have it, you arent magically going to get it back.

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red13n posted...

For the record things like this don't make you a good trader, they make you a good gambler.

Don't gamble with money you cant afford to lose, even temporarily.

The market may go up but you are always at risk for unforseen circumstances causing a crash. Something like the President getting Coronavirus and being hospitalized or something absolutely would tank the markets. Would the market recover? Yeah, but in the short term(Short term is 12 months) if you needed that money for a bill and don't have it, you arent magically going to get it back.

I wasn't saying that's a course of action he should have actually taken. It was meant to highlight the gambling nature of the market.

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Seginustemple posted...

I've always been skeptical of day trading but y'all make it seem like shooting fish in a barrel over here

gonna have to try my hand once I get some extra cash to play with

day trading is a nightmare and this is probably the worst possible time to get into it because every bad habit ends up being rewarded. But theres plenty of heavy discounts on quality stocks.

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If there's one thing I know about Board 8ers, it's that we'll dip out when the market is steady again. I don't expect this to turn any of us into a long-term day trader, we're too cautious a bunch for that.

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I have zero intention of maintaining my daytrading trends. I personally only got into it due to the crash. And Ill do it again in ten to twenty years when it happens again.

So finally got the stupid Robinhood working

How does after hours trading work btw like if I buy now do I buy it at the current price or what it opens at tomorrow?

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Good question. I believe its the current price you buy at. Id be interested to hear the answer too, because Im not sure how youd know what the value of a stock is during after hours.

I believe you get it for the Ask price. Youll see an Ask and a Bid price. I believe that Ask is the lowest amount someone is selling it for whereas Bid is the most that someone is buying it for. I could have that backwards though.

So MFA is currently at 2.50. I plan Im putting a Stop at 2.40 and updating accordingly throughout the day. I wholly anticipate a major dip in MFA once the market opens. I am unsure what to do after I sell. Do I buy back in? At what price point? What do you all think?

Well I think MFA was a slamdunk at 30 cents or whatever, even 70 cents. I don't feel confident in it at this level though. I'm not necessarily expecting it to go back to 2.50 regularly. It certainly could but I'm not buying it till it drops pretty significantly again. Like for me it'd need to dip back below $1.

I'm not a stock guru like Chris though so yeah you can probably just ignore me.

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I sold it at open at 1.922 for a $977 profit. Im gonna see where it ends tonight to decide on what to do at closing.

Stimulus just officially got passed. Whats the play? I heard NUGT (gold) is a safe bet that can potentially double, and since its a commodity it is immune to going bankrupt.

Was not a good day trading day since everything was trending downwards hard. I didn't wanna risk it.

I decided to gamble on the stimulus doing something with opening prices come Monday, grabbed a few stocks right before things closed.

$500 of AAL
$500 of EVRI
$500 of NUGT
$500 of ACB (this I don't expect to get any benefits from it since it's Canadian based I just felt like getting it)

Not necessarily gonna stay on any of those for the long haul unless they turn up red on Monday (since long term I expect everything to go back up enough that I should make a small profit at least) but those are my moves for now with my modest amount of money playing around with this.

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Im a big fan of the last minute buys. The stocks do the most increasing after hours, after all!

Some of the cruise lines might be a fun gamble. They arent incorp in America so they get no stimulus.

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What do you guys know about Puts? Betting a stock goes down seems much easier than going up. I am less than ignorant on the subject, though.

neonreaper posted...

Some of the cruise lines might be a fun gamble. They arent incorp in America so they get no stimulus.

Yeah people learned they arent included in the stimulus and bailed.

They will come back, people love cruises.

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The government is talking about fixing it so that Cruise lines will be covered by the bill.

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How long will that take?

Just read that four people died on a Carnival ship due to corona. How sad.

Moonroof posted...

How long will that take?

I read it this morning they were trying to fix it. However, if Trump said he likes the idea of them registering in the United States to receive aid then maybe they won't fix it at all then now.

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Yeah, let them register in the US if they want a bailout.

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How will that affect the stocks, registering in the US?

We are about a week, maybe less, maybe slightly closer to 2 weeks depending, from the number of deaths per day creeping over 1000. The way this is spreading to multiple major cities at once in 2-3 weeks this is going to get ugly and I expect to the markets to reflect that.

Don't think they will tank as I've said I think we just about hit bottom with the last crash, but they might hit that same bottom.

Only thing that could change this is if we have a celebrity or major political figure find their way into the death total.

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I agree. I am just not sure when the decline is going to happen. I have no clue what Mondays market will look like.

Yeah basically all of my stocks that are green on Monday I'm immediately cashing back out on. I expect escalating death tolls will hurt the market as will the April 10th deadline being realized to be implausible, so I want to get out as soon as possible. But I expect a small spike with the passing of the stimulus at least.

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I sense many red days ahead. Which will set the table nicely for a big green one.

I'm so late to the game, missed out on some nice profits. I'm not the type who wants to spend hours researching this stuff. I prefer to just set it and forget it, but since I couldn't take advantage of the financial crisis, I'm sure as hell gonna take advantage of coronavirus to put myself in a better financial situation. In terms of researching the history of a company, do you guys use a specific website, or you just Google "company X financial history?"

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I type into google. Ill check their last ten years trends. Then Ill look at recent news on them. I dont go too crazy but Im not the greatest at this.

Another missed stock was Nautilus. Missed out by about three days.

Anyway, I wonder what this week will bring. Im thinking many red days.

https://gamefaqs.gamespot.com/boards/8-gamefaqs-contests/78520274

Second topic.

I feel like ERI has come up in these topics. I think their merger is in trouble and wouldnt be surprised if this week they call it off. And yeah some down days.

As far as research - look a little deeper into what companies can do to recover. Like, not every company is going to quickly make it back to what they used to be.

currently thinking about getting in on some Philip Morris


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How exactly will the merger not going through affect them bankruptcy or just low ceiling?

Moonroof posted...

How exactly will the merger not going through affect them bankruptcy or just low ceiling?

If it doesn't go through they probably avoid bankruptcy. And also don't become the casino company with the biggest US operations by far.

If it does go through they become the biggest operator of casinos in the US (Wynn and LVS operate more foreign resorts). And they may go bankrupt from all the debt they'll take on.

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So stock holders want them to avoid the merger and theyll help grow their stock?