Stock Market 2020

[Norm]

welp, my account current total value is $1,792. just got done selling a whole bunch of stuff as follows.

4 ALK, held on to 1 to see what happens for about 80% gain
2 BA, everything i had for about 60%
10 F, half my position just to see where it goes, if it manages to roll over $10 in the next month, the rest will go for about 45%
6 KSS, held on to 2 for about 50%
5 USB, held 2 for about 50%
10 WES, held 6 for about 170%

still holding on to all of my PCG, kind of tempted to pick up some more just for kicks as it hasn't moved much in the last few days and should be better end of summer for other than market emotion reasons.

I've got 1174 in cash that i'll probably pull out to pay back my 1050 (too timid to do more than $500 nearest the bottom) direct investment and use to get my van registered still have ~$600 invested.

IF and WHEN DJIA drops back down to the low 20k mark i'll try it again. otherwise, thank you all for starting and participating in this thread. it has been fun and I've learned a ton. Super conservative, the catch a knife and sell a balloon seems to have worked out. I'm not rich, but i had fun and didn't lose my ass

Nice gain, it is an interesting market right now.

 

[SLC97SR5]

VTIQ - winner IF you patient. Opened nicely, then fell 10% before recovering, going red to green (one of my favorite setups), I suspect it continues to grind higher as the company takeover plays out, and this becomes NKLA. Considering adding this to my long term buy and never sell account - quite possible they become the TSLA of the pickup truck market, really like their OEM style, and the e-truck market for companies like AMZN, FDX, UPS etc will be huge in years to come.

Do you think you'll hold NKLA long term? I've been getting frustrated with it and thinking about dumping it for more SKYW.

 

[GonPostal]

Today is the final day of BK hearings for PG&E. There is a threat of some claimants challenging the settlement. However, PCG surged to over $13 a short while ago, so the news for PG&E must be good today. Waiting to see how it closes and how the Bankruptcy Judge rules regarding the challenge to the BK settlement...

 

[grumpy356]

It's all emotion and no logic. You still have an unemployment rate of 13%, You have civil unrest, you have a resurgence of COVID looming in the next 7-14 days, and regardless of the US markets, we are in a global economy and the rest of the worlds economies are in shambles.

 

[Provience]

It's all emotion and no logic. You still have an unemployment rate of 13%, You have civil unrest, you have a resurgence of COVID looming in the next 7-14 days, and regardless of the US markets, we are in a global economy and the rest of the worlds economies are in shambles.

i'm not super pessimistic, but i am more pessimistic than the markets right now. all you just said is why i jumped off the freight train right now. the hardest part is just looking away until end of july/august/sept to see what the pre-election dip has to offer.

 

[jpmassey]

My portfolio had a unbelievable week. My big bets on AAL two weeks ago paid off big. I'm sitting at a 46% overall gain. Biggest winners are HAL @ 235% and OIS @ 217%. I made 135 separate buys, and 130 are now making money.

Lets hope this is a indication that the economy is really in a 'V' shape recovery. Again, I'm looking at a 12 month hold, so I don't really care if there is a dip soon. I'll just buy some more.

 

[Weasel]

So what's the thoughts on Beyond fake Meat? I have a few and I'm up 50% now, I don't think it's gonna hit the ~$200 price it did right after starting. Probably should dump enough to get my money back and let the rest ride, correct?

 

[5150Jeep]

Do you think you'll hold NKLA long term? I've been getting frustrated with it and thinking about dumping it for more SKYW.

Hope you held on to it. Up 20% early today.

 

[gunracer1]

well in two months i have went from 105k to 197k im thinking about pulling out and keeping what i have gained. i am still down 18% for the year and still down 75k overall.

 

[crisbee1]

30,000 by Nov 4th.

 

[XtremeJ]

Do you think you'll hold NKLA long term? I've been getting frustrated with it and thinking about dumping it for more SKYW.

Sure hope you held it over the weekend, opened mid 40's and flirted with 50 before pulling back to 47-ish.

I have stops on 1/2 my position at 44.90, as it now is looking pretty extended and I want to lock in profits if it sells off. Stops on last 1/2 set just above entry (so green trade regardless). I honestly think has a lot of potential long term so have added some to IRA and long term accounts - I would wait for a pull back before buying in if you are not in now

IF you got in when I posted last week, take some profits now, set stops above entry on the rest, and ride it out. Short term can easily test mid 30's again, long term this could be the TSLA of e-trucks

 

[XtremeJ]

So what's the thoughts on Beyond fake Meat? I have a few and I'm up 50% now, I don't think it's gonna hit the ~$200 price it did right after starting. Probably should dump enough to get my money back and let the rest ride, correct?

I only trade BYND day trading, I do not swing it more than over night. Take profits on some of your position, and let the rest ride. Long term I think the stock has potential, I just don't have the patience to buy and hold

 

[5150Jeep]

Sure hope you held it over the weekend, opened mid 40's and flirted with 50 before pulling back to 47-ish.

I have stops on 1/2 my position at 44.90, as it now is looking pretty extended and I want to lock in profits if it sells off. Stops on last 1/2 set just above entry (so green trade regardless). I honestly think has a lot of potential long term so have added some to IRA and long term accounts - I would wait for a pull back before buying in if you are not in now

IF you got in when I posted last week, take some profits now, set stops above entry on the rest, and ride it out. Short term can easily test mid 30's again, long term this could be the TSLA of e-trucks

This thing is crazy! Up to over 58. I set a stop at 51.50

Edit - It started dropping and I got out at 53. Will be looking to pick it up again if it gets near that mid 30's range.

 

[billdacat]

I only have three holdings... I have a nice gain right now when looking back to December 2019. But I am still down from the peak in Feburary. If this Covid thingy cools down; 2020 might end on a high note.

 

[XtremeJ]

NKLA damn, over 60 before trading halted. now mid 50's. Book profits on at least some of this trade. Adjust your stops so you are nicely green even if it pulls now. IF you are not in the trade, stay away until there is a healthy pull back. Equity alone was up 50% since last week, those are options type returns.

 

[Provience]

30,000 by Nov 4th.

no way, no how. If so, it is setting itself up for another big whip and drop

 

[Provience]

up again today pretty goodly, still happy I sold out what i did when i did but up enough that i'm happy i didn't actually just sell all of everything

looking forward to the next big drop would be nice to be able to do it twice. it isn't every year that there is easy passive gains on major stocks in a substantial way

 

[XtremeJ]

up again today pretty goodly, still happy I sold out what i did when i did but up enough that i'm happy i didn't actually just sell all of everything

looking forward to the next big drop would be nice to be able to do it twice. it isn't every year that there is easy passive gains on major stocks in a substantial way

We MAY see some correction, likely when Q2 numbers are released IF they are worse than predicted. The further this rally continues, the less likely chances are for a major correction. Don't forget the market is a forward looking indicator ("experts" say between 6 and 12 months), so most of the bad news is already priced in, or even over priced in (I think some of the panic sell was overblown)

Every dip on the index's is being bought, and even the bears are experiencing FOMO and buying in now. I am a lot less bearish than even a month ago, so while I do see us correcting, I certainly do not see us visiting March's lows - UNLESS there is another news event (notice how the markets just plain don't give a shit about the BLM riots) or earnings are way worse than predicted (most of the forecasts were beyond dire, so anything less than that will be seen as good news)


Personally I do not see a drop of the magnitude of March happening again, correction sure, but not back to the lows. Heck I thought we would see a solid rejection at SPY 300 levels, with a possiblity of seeing 262 area, but even the slightest drops were bought up. There has also been a solid rotation through sectors, so while tech lead the rebound, banks and travel stocks have been strong most recently. Tech taking a breather and consolidating leads me to believe that when $$ rotate back into tech and FANG's the market will see another leg higher, first testing Jan price levels, then ATH's. At this point my personal downside is just below SPY 275, but that is more than 15% down from where we are now, and that is a pretty large correction needed to get there.

Don't forget the Fed is printing money, and the WH needs a strong economy (even if propped up with the printing presses) for a shot at re-election. There is a lot of manipulation going on, and I sure don't want to stand in front of that freight train of money pouring into the market.

my opinion of course, worth exactly what you paid for it.

 

[Provience]

We MAY see some correction, likely when Q2 numbers are released IF they are worse than predicted. The further this rally continues, the less likely chances are for a major correction. Don't forget the market is a forward looking indicator ("experts" say between 6 and 12 months), so most of the bad news is already priced in, or even over priced in (I think some of the panic sell was overblown)

Every dip on the index's is being bought, and even the bears are experiencing FOMO and buying in now. I am a lot less bearish than even a month ago, so while I do see us correcting, I certainly do not see us visiting March's lows - UNLESS there is another news event (notice how the markets just plain don't give a shit about the BLM riots) or earnings are way worse than predicted (most of the forecasts were beyond dire, so anything less than that will be seen as good news)


Personally I do not see a drop of the magnitude of March happening again, correction sure, but not back to the lows. Heck I thought we would see a solid rejection at SPY 300 levels, with a possiblity of seeing 262 area, but even the slightest drops were bought up. There has also been a solid rotation through sectors, so while tech lead the rebound, banks and travel stocks have been strong most recently. Tech taking a breather and consolidating leads me to believe that when $$ rotate back into tech and FANG's the market will see another leg higher, first testing Jan price levels, then ATH's. At this point my personal downside is just below SPY 275, but that is more than 15% down from where we are now, and that is a pretty large correction needed to get there.

Don't forget the Fed is printing money, and the WH needs a strong economy (even if propped up with the printing presses) for a shot at re-election. There is a lot of manipulation going on, and I sure don't want to stand in front of that freight train of money pouring into the market.

my opinion of course, worth exactly what you paid for it.

i agree that i don't think we will see march lows return, but i can see a substantial dip happening. Kind of like you said much earlier when i first opened up my account, make a plan, stick with the plan. that's kind of what got me to where i am and why i jumped in early on the way down and out early on the way up. I also thought everything was too high in December/January so returning to those levels still seems too high.

of course, march represented 50%+ drops for everything i bought and on average i got back out at 50% gains, so i certainly left some on the table for the 12 month timeline ending in spring 2021, but that's fine this is the first time in a couple months that i suggested to the wife that i could take ~$200 to register my van that she didn't actually have anything negative to say about it as it is fully covered by these passive gains even right now, i can do that for the van and get a free power steering pump so my initial goals have been met.

it's the shift of general sentiment switching over to FOMO saying i'm done I KNOW that there is a way to set up etrade so that if a stock dips, like a rolling % stop, that it can capture that but i honestly have only tried a couple times to figure out what i'm supposed to type in the box to have it do that and i haven't been able to get comfortable with that. that simple technological challenge is going to cost me a couple hundred bucks, but a bird in the hand and all that jazz.

 

['84 Bronco II]

I am no stock expert, but I am invested in a few different mutual funds. According to my end of May statement, I am up just a bit over 30% from 1 year ago, and I am up ~12% from my pre-Covid crash peak. I didn't have a bunch of cash to invest at the bottom either, just my regularly scheduled contributions during that time period. Honestly, I don't understand how the economy is doing so well, but it seems like all this doom and gloom is a bit unfounded.

 

[nbjeeptj]

My brother in law was talking this weekend about how he just bought Budweiser stock. I looked at it and cant see why it would not be a decent idea, but I am new to stock investing. Can anyone point to the go for it or stay away with BUD? I was thinking of buying some but dont know why, or if it is a decent idea.

 

[SLC97SR5]

Hope you held on to it. Up 20% early today.

Sure did. Then I traded half of it @ $61.

The information in here is fantastic, thanks all!

 

[jeeptj19992001]

my smith and Wesson and ge have been getting better every day

 

[XtremeJ]

My brother in law was talking this weekend about how he just bought Budweiser stock. I looked at it and cant see why it would not be a decent idea, but I am new to stock investing. Can anyone point to the go for it or stay away with BUD? I was thinking of buying some but dont know why, or if it is a decent idea.

BUD was a good buy when it broke 50, it had tested that level 3 times since early April. Resistance at 60, then 62.37, then a gap to 66.42. If I were to buy BUD at this level, I would set stops just below 50, say 49.50. The 50 resistance level now becomes support and if it cannot hold that support cut it. With price today around 55, this means a 10 % loss profile, and if patient upside is around 60 in the short term (say next couple months) so risk:reward is 1:1. What I do like is that there is buy volume on every up day, and not so much volume on red days.

I prefer better than 1:1 risk / reward, so BUD is not on my buy list, but it certainly has potential for a medium to long term swing. Will add to a watchlist. Don't forget though we all have our own trading / investing strategies, so if BUD fits your profile, then begin adding to your account, especially on the pull backs (like today)

 

[nbjeeptj]

BUD was a good buy when it broke 50, it had tested that level 3 times since early April. Resistance at 60, then 62.37, then a gap to 66.42. If I were to buy BUD at this level, I would set stops just below 50, say 49.50. The 50 resistance level now becomes support and if it cannot hold that support cut it. With price today around 55, this means a 10 % loss profile, and if patient upside is around 60 in the short term (say next couple months) so risk:reward is 1:1. What I do like is that there is buy volume on every up day, and not so much volume on red days.

I prefer better than 1:1 risk / reward, so BUD is not on my buy list, but it certainly has potential for a medium to long term swing. Will add to a watchlist. Don't forget though we all have our own trading / investing strategies, so if BUD fits your profile, then begin adding to your account, especially on the pull backs (like today)

Thanks for the input on that, it for sure tells me one thing, and that's that I have a lot to learn about playing the market. I have made a few real luck stock picks that have paid off but they were purely on a feeling or buying because I believe in the company, and not any sort of educated decision. I wish there was a entry level learn stock buying 101 online that I could take.

 

[Provience]

Thanks for the input on that, it for sure tells me one thing, and that's that I have a lot to learn about playing the market. I have made a few real luck stock picks that have paid off but they were purely on a feeling or buying because I believe in the company, and not any sort of educated decision. I wish there was a entry level learn stock buying 101 online that I could take.

i think the problem is almost that there are too many stock 101 programs out there

 

[Action Fab]

I went to all cash in my equities today. Going to sit it out on the sidelines for now. Too much risk, too much paper profits.

 

[Provience]

I went to all cash in my equities today. Going to sit it out on the sidelines for now. Too much risk, too much paper profits.

the water cooler conversation today and yesterday was all about stocks from people who otherwise would talk sportsball. it's been a significant uptick compared to just a couple months ago.

i'm not saying they are wrong or going to get burned, but yeah, there is less wide open easy jump in spots right now

 

[5150Jeep]

Ouch!! Pretty brutal morning. Glad I'm not selling anything and hopefully will be in a good position to buy if things keep dropping.

 

[Provience]

DJIA down 5% and 1,500 points just today! well, shit. i might need to transition to buying sooner rather than later

and here i finally transferred cash back to my bank yesterday thinking we might level off for a bit