What's new
By:
Filters

The 2023 Stock Market Thread

I'm over concentrated in my investments (real estate) and just posing the question are you might be in a similar situation.

Nervous in the fact that your stores and GPC stock are tied to the same company. I suppose you could switch to another franchise.

For comparison I was asking if the stock outperforms the stores (knowing management makes a big difference).

I worked with GPC corporate at one point as our customer. They were sharp, but certainly not a Zweilling. I want to invest in the best.
 
The Internet said:
I'm over concentrated in my investments (real estate) and just posing the question are you might be in a similar situation.

Nervous in the fact that your stores and GPC stock are tied to the same company. I suppose you could switch to another franchise.

For comparison I was asking if the stock outperforms the stores (knowing management makes a big difference).

I worked with GPC corporate at one point as our customer. They were sharp, but certainly not a Zweilling. I want to invest in the best.
Click to expand...
I am a GP customer it's not a franchise. I'm an independent parts store owner and I get my parts from GPC so I fly their flag.

My stores are not in any way tied to GPC and the stocks that I own are completely unrelated to my business. GPC has their own corporate stores that have a bearing on stock performance but they have a very diversified market and en extremely secure balance sheet. I know the executive management team quite well and I'm confident in the long term success of the company.
 
Well, my poor option was up10% day of purchase, is down 25% today:laughing: good sign for volatility, just need a few green days in a row it seems.

Time is on my side.

However I've gone from +15% over djia for the year to +5% :rasta:
 
anyone thinking a market correction is coming in the next month or so? so wild articles saying the stock market will lose half its value. i am going to get on a call with my financial guy Tuesday to see what my options are.
 
I dunno, I'm bouncing around 7k, so about 12% off my ytd high.

My option has been entertaining with swings up and down in the 25-35% range
 
Historically the market peaks and sells off when the fed rate hikes peak and stop. We might be getting close. I have a feeling there is a lot stink to come with banks, T-bills, and commercial properties. Short term it looks like the S&P is forming a right shoulder in a head and shoulder pattern, so a short run up and a big drop will finish it out. I don't expect any big moves until later in the year :homer: .
 
Feels like 2008 to me, I call it "the turn"

Building has slowed, sure, the projects in play are funded and moving along, but new projects are stalled. Overtime cut, quiet layoffs, drug test culling, late model trucks on bald tires, toys getting cheaper, shit like that.

The wild card is money printing. If they go full retard and crank the printers up again, it'll stop a recession/ depression/ crash.

*the problem with "the turn", is that the salary people are pretty far removed from the street, they're making good money, their house is up, they're 401k is up, so they don't see it till it's announced on TV
 
Fucking hell, just sold about half my BP position to sit in cash. Why? Wanted to free some up to gamble on more banking options :homer:

$38 per share when I was surprised they broke over 30, so I'm figuring the banking discount will bounce around and have more upside. At least now when I see what looks like a surprising number I am positioned to buy
 
Well that was short lived. Went ahead and bought a WFC call option for $40 Jan 2025 :homer:

Was thinking there would be more of a banking drop this week, but I guess not. Going to try and sit on my hands for another couple weeks and check back to see if some of the regional I follow dip harder or not
 
On the other hand, TSLA is over 200 again, so that's worked out despite it having openly been a terrible time to buy as it was falling past 150 :rasta:
 
End of Q1 today, and OPEX day hence some of the volatility.

Been a very green quarter for me. Return about double the large indexes. Finally feel like I am getting some decent trades in that work. Swing trading still very difficult.

Still very red if I account for 2022 which was a disaster for me. Selling covered calls has been a nice cash flow generator, Wait for an uptrend day, sell the calls out the money, wait for a pull back, and either cover the calls or let them expire worthless (I run a 50% stop, so if the stock explodes I will cover the calls rather than selling. Worst case I get called out, sell the position, and re-enter on the next pull back)

QQQ's broke a 2 month cup and handle yesterday, also in the middle of a two wave correction off the early march lows. Room to 335 potentially.

Bears feeling pain. I am avoiding banks like the plague.
 
I'm looking at pulling half out of the stock market and taking 4.5% in Treasury bills for the next 6 months
 
Texas97 said:
I'm looking at pulling half out of the stock market and taking 4.5% in Treasury bills for the next 6 months
Click to expand...
I've ended up sitting on way too much cash again. That might be my solution too. Otherwise into three market it goes....:homer:
 
I sold my BP years ago. Oh well.


Newest one coming up will be TKO. The WWE and UFC are now one company.
 
Screenshot_20230413_174341_Chrome.jpg


Not entirely sure how, but I'm back up to 7500ish account value.

BP broke over $40, oh well. Usb dipped below 35 and I missed out, pretty near so should be able to make a long call on it once it crosses over

Going to start watching other large regional banks more and see what looks discounted over the next few months
 
Kicking myself for not averaging down with Snap-ON last week and buying JEPI instead 🤦‍♂️

Oh well not like I’m letting it go but the unrealized gains would have been nice.
 
For anyone looking at oil stocks… PDS or PD.TO for us Canuck’s is showing some interesting projections. I bought in around $28ish and cashed out at $70. It continued to climb to around $110.

It has since crashed several months back but analysts are projecting it will climb back to $126.

I am thinking about jumping back onto the roller coaster but do your due diligence
 
Really regretting selling my BBBY puts too soon. It's amazing how many dumbasses on Reddit put everything they had into a dying company. They actually turned into some kind of cult.
 
GarScramb said:
Really regretting selling my BBBY puts too soon. It's amazing how many dumbasses on Reddit put everything they had into a dying company. They actually turned into some kind of cult.
Click to expand...
Raises hand… I’m still in AMC. I really thought we would see a bounce back to $100 but I’m currently down 50%. I didn’t yolo life changing money into it and definitely not like the type WSB degens.

I didn’t touch BBBY with a 50ft pole. That screamed dumpster fire.
 
You must log in or register to reply here.
Top Back Refresh