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The 2023 Stock Market Thread

Muckin_Slusher

Muckin_Slusher

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Check your calendars damnit, it ain't 22 anymore! :flipoff2:

I'm happy with my RY stocks on the TSX. Still planning to keep for another 20 years.
 
There are still Quants calling for another 20% down before bottom. I think there is cash on the sidelines waiting for a home.
 
So, just for the record, DJIA opened at, 35,075.31; NASDAQ opened at 10,906.40; and the S&P 500 opened at 3960.60
 
I haven't been into one of my old 401k accounts for a while. Holy shit. Trump years vs biden years. :eek:

1673644456150.png
 
In. Just checked, account value just above 7k

Tesla at 125ish is still below my 150 early buy in, banking has started to come back, up almost 10% on the year (2 weeks) for us bank and Wells Fargo.

Damned old pg and e is like 16 these days :rasta:

Had planned on liquidating last year, life happens now it will be likely next spring so I'm hoping to be able to spend some time messing with it more. School is done and work is hopefully going to be less chaos.

2022 was a +20% year for me doing very little, hopefully I'll be able to take advantage of some volatility this year and well beat that. Time will tell.
 
Sub’d
Doing less gambling vs the prior two years because I lost about $4k in dumb ideas but I’m still up 2% as of yesterday 😆

Enbridge is still a power house for me within my TFSA (think Roth)

Ford blows goats and has been a huge nothing burger

I started an RRSP (think 401k) fund with a former work pension in late August that wasn’t beneficial to combine into my current RPP plan through work. It’s also up 5.5%

I have JEPI to thank for that… taking the monthly distribution and buying other stock to build up USD$ portfolio winners.

Snap-On is still on my radar, hoping for a hoorah ‘Murica push for domestic manufacturing now that Covid is starting to screw up the markets again
 
Bump for the Canucks!
SWK Stanley Black & Decker….. I’ve been watching for two quarters shit the bed and thought it might dip more in ‘23 but it seems to have stabilized.

Dumpster Fire?
I was thinking about tossing some into my RRSP Account with Snap-on
 
Roc Doc said:
There are still Quants calling for another 20% down before bottom. I think there is cash on the sidelines waiting for a home.
Click to expand...

I don't know what's going to happen in 2023, but I do know the quants will be wrong! :lmao:
 
Welp. Putting in my sell for my last BA at 206 and 2 of my 3 tsla at 190...or whatever market open is.

Pickup up all of them at 150 as they were falling. Not bad fir what would otherwise have just been cash sitting there
 
USB now back upbto aboutb$50. Don't recall it going below 40 thus year so far, but the slog for banking recovery is well underway
 
silver should in climb mode for a year or so. Hit 30?
 
The market this year confuses me. Have not bought back in fully after seeking a ton to harvest losses last year. At least my cash is doing 4+ % in bank accounts.
 
I’m overall bearish till I start seeing the unemployment numbers rise.

Lots of investors have never seen higher interest rates, and how it affects the markets long term. I hope we don’t end up with a decade of sideways chop, like we did coming out of the 70’s
 
Was just thinking about this thread. Have money sitting with etrade I never stuck into anything. Still don't know where to lose it.
 
Mr Stubs said:
I’m overall bearish till I start seeing the unemployment numbers rise.

Lots of investors have never seen higher interest rates, and how it affects the markets long term. I hope we don’t end up with a decade of sideways chop, like we did coming out of the 70’s
Click to expand...
2023 will be the year of the crab.
 
Just for laughs… I still HODL AMC.
If I break even on this next run I’m cashing out.

I sold a few positions but jumped back in like a dummy and dropped the gains on my dividend payers. I’d like to hit $3500-4k in dividend payouts this year but that all depends on work bonuses etc.

I am sitting over $3k on annual tax free returns which is nice! That’s like a month I don’t have to work… now to only get that return to 12x 😆
 

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ConwayMuddy said:
Was just thinking about this thread. Have money sitting with etrade I never stuck into anything. Still don't know where to lose it.
Click to expand...
pick something and get to gambling
pretty much all of mine's in DNP at the moment
 
[486] said:
pick something and get to gambling
pretty much all of mine's in DNP at the moment
Click to expand...
Fossils fuels and anything to do with neon or lithium production. Already made a few grand on a templeton fund focusing on resources with neon production as a listed for what they are investing in.

All I got. :beer:
 
Help me understand option activity. BBBY puts dropping even as the stock has been more than cut in half the last few days?

Example: ITM BBBY Jan 19 2024 2.5 Put down 17% today while the stock is down 7%
 
GarScramb said:
Help me understand option activity. BBBY puts dropping even as the stock has been more than cut in half the last few days?

Example: ITM BBBY Jan 19 2024 2.5 Put down 17% today while the stock is down 7%
Click to expand...
When does it expire?
 
The premium in the puts was there due to the extreme volatility recently. Now more consolidation and breather and poof those expensive premiums are degrading.

Even on a LEAP. Market telling you that you overpaid on your call or put strikes.
 
No TSLA fan kid screaming about doubling their share price in a month

Bailed out my 200 calls for April at 600%. Mistake not leaving a runner

Back in the 250 calls now. Already up 100%.

And my DCA on TSLA stock is now below 125. Was able to increase some positions to 500 and 800 shares. Will be selling monthly and 3 month covered calls on those positions to raise income.

Wish I had deployed more cash to TSLA when it bounced off 100.
 
XtremeJ said:
The premium in the puts was there due to the extreme volatility recently. Now more consolidation and breather and poof those expensive premiums are degrading.

Even on a LEAP. Market telling you that you overpaid on your call or put strikes.
Click to expand...
Makes sense. I'm actually still up 5%. But was up over 20% yesterday. Didn't put much into it so going to ride it a while.

My PTON puts are doing much better.
 
Normally during a cycle stocks top when the fed stops raising rates, maybe this puppy runs higher into summer. This cycle is weird with covid stimulus and the employment participation rate. It's going to be harder to put the brakes on inflation until you break the back of full employment and get the unemployment number to 5% + . My bet is this market still runs up a bit farther into late summer, when it pops it's going to rip down another 40%-60%.

Or the fed could stop raising early and let inflation run to help minimize our huge debt. 50% inflation would drop the real cost of debt a bunch :homer:
 
Norm said:
Normally during a cycle stocks top when the fed stops raising rates, maybe this puppy runs higher into summer. This cycle is weird with covid stimulus and the employment participation rate. It's going to be harder to put the brakes on inflation until you break the back of full employment and get the unemployment number to 5% + . My bet is this market still runs up a bit farther into late summer, when it pops it's going to rip down another 40%-60%.

Or the fed could stop raising early and let inflation run to help minimize our huge debt. 50% inflation would drop the real cost of debt a bunch :homer:
Click to expand...

Holy shit! Norm's bullish! Time to leverage into some SPY calls??? :lmao:
 
XtremeJ said:
No TSLA fan kid screaming about doubling their share price in a month

Bailed out my 200 calls for April at 600%. Mistake not leaving a runner

Back in the 250 calls now. Already up 100%.

And my DCA on TSLA stock is now below 125. Was able to increase some positions to 500 and 800 shares. Will be selling monthly and 3 month covered calls on those positions to raise income.

Wish I had deployed more cash to TSLA when it bounced off 100.
Click to expand...
I'm no fan boy but I'm happy with my 25% gain on tsla I sold the other day :rasta:

Buy the falling knife and jump off the rocket ship is my old guy safe trade strategy:lmao:
 
What are people’s thoughts on Tobacco companies?


Ticker MO in particular. I know some people have self standards where they won’t invest in things they don’t support/believe in… but the dividend is attractive and yes it’s in a bit of a funk YOY but it has been rising since June of 2022.

I’m all for profiting off of people’s stupidity. Not sure if tobacco is really pivoting to adapt but it’s charts and earnings seem to suggest it is…

Just moved some bonus $ this morning. SNA is on the list and since the contribution is post tax I was thinking grab MO with the tax refund money.
 
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