Board 8 > Stock Topic 4

(+) Yeah! (+)

neonreaper posted...

Like I said I have no stomach for TSLA

Elon Musk is fucking crazy and wants to build things that are cool but impractical. Staying far away from TSLA.

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Moonroof posted...

Buffet just said Berkshire sold all its airline stocks for a 10% loss. Id gtfo and stay away from those even more so than before.

https://apple.news/ABDRlpEPTQrudb6p8K6NevA

https://www.forbes.com/sites/sergeiklebnikov/2020/05/02/warren-buffett-sells-airline-stocks-amid-coronavirus-i-made-a-mistake/

The scariest thing about this is, that no matter who you are, how smart you are, how experienced you are, even if you are the best private investor in the world, you WILL make mistakes

NOBODY can predict the stock market perfectly. This is all about increasing your prediction rate to more than 50% and hoping for the best

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He would have made money had he kept the money in them. But he will make more money sooner by selling now and reinvesting elsewhere. Definitely scary though.

Market going down tomorrow AGAIN. Insane, for seemingly no reason. It could take literally three months before it returns to what it was at last week.

Cuz of the buffet man

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Unemployment, April numbers, supply side economy, etc.

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These are all factors that were expected (aside from Buffet). It is ridiculous that the market is dropping three days in a row, especially after news of a vaccine as well as the Fed saying it will fight for the economy.

#butthurt

The market is up around 30% in a month. In past recessions, it has been extremely common for the market to fall a long way, come back up a shorter but still long way, and then fall back down to the lows set earlier. In 2008 it was 15 months from the market top to the market bottom and in 1929 it was 3 or 4 years. So it's not surprising for the market to give back some of its gains.

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I am so disappointed in my misread of Wednesdays close. I sternly believed that things would begin getting back to normal and the market was going to start its steady ascension. I picked the worst day to invest $85k. All I can hope for now is breaking even before the summer ends.

I did question whether itd be worth taking the $10k loss Ill be at tomorrow evening and investing the $75k elsewhere as a means to gain quicker, but with my luck Ill lose even more. The only saving grace is that I WILL profit by holding, itll just take awhile. Thankfully I didnt invest in meme stocks.

Well I'm down 500+ on norweigan buying at 15.50 then 13.90, and its sinking lower. After I sold it at 13 bucks and not at 17.

Oops.

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I'm considering moving my 1 stock in Amazon (or my Disney shares) into further shares of NCLH to cost average it further down though.

But we will see in 6 hours or so.

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By the way, unless you are in need of short term money... deep breath.

Red had it right: It's going to be bumpy, but in 5-7 years you are going to have loads more money. Investing is long term. It's OK!

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Who wants to hold onto their money for 5-7 years? I much more enjoyed making weekly trades, because I felt in control of it. Sure, that led to more stress and work but once the market quieted down I was going to relax my methods.

I mean, that's the surest way to make a lot of money on things. And you dont have to hang onto one stock for 5-7 years, but generally almost every blue chip stock will be up then. You can't really invest wrong in google, microsoft, disney, big banks, airlines, etc

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Im pretty impatient but I am really hoping to get my money back within a few moths, not years. Regardless, Im holding.

I mean you probably will.

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I hope I am wrong and get made fun of for thinking itd take longer.

Anyway, with three big red days in a row, now could be a great time for everyone else to invest.

Looks like all the airlines tanked pretty hard cause of a major investor backing out.

Have we hit the bottom for them yet I wonder. I've got most of my money in ATHX right now playing a bit of a long game cause I think this'll be a big month for them but the airlines are getting tempting now. American Airlines hit their 52 week low today.

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Yeah, I'm buying LUV now.

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Lol norweigan opens at 12 and is trading at 14 now. Damn. Market beat me to it it looks

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Market has been a W today. More like VVV.

It's interesting to me I'm down on AAL but still up on SAVE

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I am quite confused with Warren Buffett's decision to dump airline stocks after they're down so much. The statement that things have changed would imply that the value of these companies has been cut by 2/3 due to coronavirus? That seems very unlikely, if they don't go bankrupt and it doesn't look like bankruptcy is going to happening with the government committed to propping them up.

Personally, I'm hoping this explains why airline stocks did not follow the market up in April - that is, that Berkshire selling about 10% of these companies' shares on the market should have a significant negative affect on the stock price. I got some more DAL today below $22 and I'm trying to hold for $40.

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Kinda funny to think how much influence a person can have

Like, we criticized Elon for making the "Tesla is too expensive" comment which caused an immediate dip for that stock. Now imagine if Warren Buffet came out and was like "The whole stock market is doomed"

He's probably going to buy back his stock or already has someone that will buy it back for him.

I dont think he would do that.

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People that are buying Tesla stock after that shit Musk pulled are fucking idiots

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https://www.cnn.com/2020/05/05/business/norwegian-cruise-line/index.html

Norwegian saying they might go bankrupt.

https://apple.news/AXsCSIRxKQduRnPhHQHjmYA

United Airlines management telling employees to consider quitting.

So no reason to stay in NCL, huh? I could have sold earlier for a profit ;(

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Personally Id say its not the best time to invest in stocks because wave two is going to crest and slap them down all over again. The trick is to figure out how many waves there will be and invest just after the last one.... also I have no idea what the answer is to that.

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Im sorry but something does not seem right. Essentially four days in a row of red and weve received nothing but promising news about the virus? CEOs are condemning their own industries? All on the bend of positive virus news and stores reopening? What will it take to turn the market around if not this?

Another 30% is my guess

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Moonroof posted...

Im sorry but something does not seem right. Essentially four days in a row of red and weve received nothing but promising news about the virus? CEOs are condemning their own industries? All on the bend of positive virus news and stores reopening? What will it take to turn the market around if not this?

today was a green day actually.

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I cabested with Essentially because the only reason today and yesterday were green is because of the tech companies. Basically all other ones were down.

My pharma and tech were up. 1.8 percent gain for me today. My only major drag lately has been Starbucks. Stay away from coffee I guess is my leason

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Moonroof posted...

https://www.cnn.com/2020/05/05/business/norwegian-cruise-line/index.html

Norwegian saying they might go bankrupt.

https://apple.news/AXsCSIRxKQduRnPhHQHjmYA

United Airlines management telling employees to consider quitting.

yea NCLH dragged the cruise lines down today. I still think they are worth a speculation

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neonreaper posted...

My pharma and tech were up. 1.8 percent gain for me today. My only major drag lately has been Starbucks. Stay away from coffee I guess is my leason

Better than the previous "coffee" we had here.

I miraculously made $2k on LK. I sold it right at opening using stops.

What are these tiny gain days that the market is producing these past few days? Is this the new norm, or rather, is this how it was pre-virus and we're back to it now?

All our regular stock fields (resort, airline, financial, banks) are either going down a lot or going up by less than a percent everyday.

Here comes the norweigan pump

(An hour ago)

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Finally, a strong green day. So far.

What's with the NCL pump

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they are going to be fine, that's what

ncl is very undervalued. Believe nothing else.

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NCLH what a pump... is everyone gambling on that one now?

Is this rally real?

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The NCL news was literally just them pressuring for a gov't bailout tbh.

They are actively booking cruises a long way out and putting in advertising money.

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And they raised the money they wanted to raise

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Oh wow. So, over a month ago before I really started posting here, someone mentioned VYST as one to keep an eye on, and I kneejerk bought 1,000 shares. I've gotten so accustomed to seeing that red number on my list that my eyes would literally just gloss over it.

Just noticed it was green and sold for profit. Nice. (I meant to put a stop loss but accidentally put in a limit oops. But hey)

turbopuns3 posted...

Oh wow. So, over a month ago before I really started posting here, someone mentioned VYST as one to keep an eye on, and I kneejerk bought 1,000 shares. I've gotten so accustomed to seeing that red number on my list that my eyes would literally just gloss over it.

Just noticed it was green and sold for profit. Nice. (I meant to put a stop loss but accidentally put in a limit oops. But hey)

Oh wow, a penny stock that is literally a penny per share
No idea how you people are so brave getting into those shitty things
(although according to what you said...sounds like you put only $10 there? lol)

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