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The 2023 Stock Market Thread

Norm said:
They generally are set to trigger during trading hours, so if massive moves happen after hours you can get really screwed. Ask me how I know :homer:
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Well I've currently got everything including options running wild and free, at least if it triggers from overnight events, it's better than wiping out 35% or whatever my peak to trough was a couple months back.

Really didn't anticipate this much run up now though, even if I am currently close to where I originally expected to end the year
 
vetteboy79 said:
I bailed on my CCL yesterday, set a stop loss at $17.50 and it triggered. Of course today it's back north of $18 again :shaking: but whatever, at least I'm out of it with a modest gain and I'll find something more interesting to do.

IBM has been quite strong for me lately though, I have quite a bit of that so it's a welcome boost in value for this quarter :grinpimp:
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Snap-On SNA$ has been going well for me. I wish I grabbed more.

I play with Canuck Stocks in my tax free account and US in my registered savings.

I think I’ll start picking up Costco COST$ even though I’m late to the party on this years gains. Even in a recession people are going to overspend there regardless of the economic environment
 
up 12.5% today, broke into 5 figures. Reading up on the various "sell on" thingamados for a stop loss thing.

If i'd have checked when the market was open, i probably would have just sold everything right then :homer: surprised to see 2 solid days in a row for banking.
 
I think it will run well into Q1, it’s mid 2024 I’m worried about. Unless this is the only time the fed has got it right, then I’m way off.
 
Curious to hear peoples thoughts on CD's and Bonds right now. Guaranteed 5% APR is pretty tempting.
 
larboc said:
Curious to hear peoples thoughts on CD's and Bonds right now. Guaranteed 5% APR is pretty tempting.
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I went high yield savings account instead. slightly lower % but my money wasn't tied up. I'm also lazy and didn't feel like learning the CD/bond world :homer:
 
larboc said:
Curious to hear peoples thoughts on CD's and Bonds right now. Guaranteed 5% APR is pretty tempting.
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I was seeing those rates a couple months back, now not so much. Treasuries 3 - 6 months all seem to be low 4's at the moment.

I suspect there is a large amount of cash on the sidelines of the market at the moment as those folks who bought into treasuries at 5% are seeing those expire / soon to expire. Suspect a large amount of them are experiencing FOMO and will dive right into the market (which is looking a little toppy at the moment)

Also, how good is 5% when real inflation (not the .gov numbers) is still much higher than that. Just slowing the loss of your money really.

But I have several treasuries expiring starting January and running through March, please post the 5% Bonds or Treasuries you are seeing.
 
XtremeJ said:
I was seeing those rates a couple months back, now not so much. Treasuries 3 - 6 months all seem to be low 4's at the moment.

I suspect there is a large amount of cash on the sidelines of the market at the moment as those folks who bought into treasuries at 5% are seeing those expire / soon to expire. Suspect a large amount of them are experiencing FOMO and will dive right into the market (which is looking a little toppy at the moment)

Also, how good is 5% when real inflation (not the .gov numbers) is still much higher than that. Just slowing the loss of your money really.

But I have several treasuries expiring starting January and running through March, please post the 5% Bonds or Treasuries you are seeing.
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I just looked on the bonds/CD's tab in my etrade account. Lot's of options even for 3 month CD's with over 5%. Low min's, no commissions, and the early withdrawal penalty is pretty minor. I put some money into one at 5.6% apy last week.
Historically, buying SPY has been double that for me over the past 5 years, auto-adding every 2 weeks, but how long is that going to keep going?
Agreed, 5% isn't much, but it's in the right direction and guaranteed which helps a guy like me sleep. Also, since it's zero risk, it seems like a pretty good place to put the majority of my "dry powder".

Just curious in peoples opinions, I was seriously considering selling off a good chunk of SPY while it's pretty high and putting it into CD's.
 
Hope you guys didn't have any Nikola stock. Whoops.

Trevor Milton, the founder of hydrogen-electric truck startup Nikola, was sentenced to four years in prison after a jury found him guilty last year of defrauding investors by lying about “nearly all aspects” of his business. According to the Justice Department, Milton’s “fully functional” semi-truck prototype was inoperable, and the company was never producing hydrogen fuel at all—despite telling investors it discovered a way to produce the fuel at a reduced cost.
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An interesting development today,

O’reilly Auto Parts $ORLY has agreed to purchase Vast Auto out of Montreal. This is a small outfit in comparison to the competitors out there but an interesting play for a large corporate giant.

Wonder how the stock will perform end of q1 post acquisition
 
[memphis] said:
An interesting development today,

O’reilly Auto Parts $ORLY has agreed to purchase Vast Auto out of Montreal. This is a small outfit in comparison to the competitors out there but an interesting play for a large corporate giant.

Wonder how the stock will perform end of q1 post acquisition
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I thought vast Auto was a parts distribution center?
 
Will12785 said:
I thought vast Auto was a parts distribution center?
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Vast has “Auto Value” stores here in Canada but the network from what I have seen is very limited. In my city there is ONE Auto Value and I project they only do about 2-2.5M but maybe less
 
Coinbase has been on an absolute tear this year. Now that it is really high, went ahead and bought 1 share. Maybe it will be the next Tesla as a side effect from inflation etc
 
Really feeling like I should be selling something here, but having a hard time pulling the trigger. I did sell 10% of my GS position. Probably come to regret that.

MSFT GOOGL CRM all big gainers for me in a short amount of time. Probably will trim the GOOGL position a little as it seems to look the most overbought.
 
Seeing recent posts I have a few questions

Before you buy stock XYZ
  • do you have targets for the stocks you are buying?
  • are you taking partial profits when you reach your targets?
  • do you have max loss stops?
  • are you using stop loss orders?
  • how are you determining those?


Just from my perspective there seems to be "investing" going on with zero plan on taking profits or exiting losing positions. Hope is not an investment strategy.

If you are unable to answer yes to the above, you are likely to improve your situation by dollar cost averaging into index funds rather than relying on tips from Reddit / some dude at work / your brother in laws pool boy / IBB for financial advice
 
XtremeJ said:
Seeing recent posts I have a few questions

Before you buy stock XYZ
  • do you have targets for the stocks you are buying?
  • are you taking partial profits when you reach your targets?
  • do you have max loss stops?
  • are you using stop loss orders?
  • how are you determining those?


Just from my perspective there seems to be "investing" going on with zero plan on taking profits or exiting losing positions. Hope is not an investment strategy.

If you are unable to answer yes to the above, you are likely to improve your situation by dollar cost averaging into index funds rather than relying on tips from Reddit / some dude at work / your brother in laws pool boy / IBB for financial advice
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You are correct of course. My answer for most of your questions would have to be No. I like to think I am very good at picking buying opportunities. In the past this has been enough because I have had the mindset of accumulating good stocks at great prices. But now I need to rethink that. I'm at a point where the 2 IRA portfolios I am managing cannot be added to so I need to start selling to free up cash for buying. I've always sold based on positions being in good gains and watching a couple technicals (which I know very little of). When the stock is above the 50, 100, and 200 SMA and the RSI is capped, I sell some.

Would love to hear how you come up with targets to sell. Keep in mind, I want targets that make sense from an investor pov, rather than a trader. Thanks.
 
XtremeJ said:
Seeing recent posts I have a few questions

Before you buy stock XYZ
  • do you have targets for the stocks you are buying?
  • are you taking partial profits when you reach your targets?
  • do you have max loss stops?
  • are you using stop loss orders?
  • how are you determining those?


Just from my perspective there seems to be "investing" going on with zero plan on taking profits or exiting losing positions. Hope is not an investment strategy.

If you are unable to answer yes to the above, you are likely to improve your situation by dollar cost averaging into index funds rather than relying on tips from Reddit / some dude at work / your brother in laws pool boy / IBB for financial advice
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fully agree. my post probably prompted this, and I appreciate it. 90% of my $$ is in index funds, I consider my couple of stock plays the high risk high reward bucket. AAL, CCL, NCLH, BP, and more recently RTX are my stock holdings. I DO need to setup some Sell Limits on a couple of these since I only check about once a week.


hope some find this interesting, it's been a while since I broke the numbers down to this extent:



I didn't put nearly enough into my XOM play a couple years back. I had bought with a DCA of $40 and sold at $90. BUT I had only put in $4k, so it was a nice return, but I should have put in WAY more.

I hold both AAL and CCL as long-term questionable holds. My targets on each are "near the pre-covid low" before I sell. In theory, both of those will be 50%+ returns on initial investment. It just so happens I bought both sometime in 2021 thinking we were climbing out of the crippled-travel BS and they would recover like Oil did. well I was wrong, at least on the timing. and no I wasn't smart enough to setup stop losses on those :(

I bought some NCLH cruises with the same mindset but much more recently. that has gotten me 42% gain to date, but I only put in a little bit compared to CCL.

CCL graph. DCA is $21.92. Target is $30-40. It's got a ways to go...
1703184232617.png


NCLH I bought at $14.58. I'm not sure I think it'll get back to pre-covid low so target is probably $25-30
1703184570697.png


AAL. DCA is $16.70. Target is $25-30
1703184635113.png


BP, a winner, finally. DCA $23.65. It's hit my target, but I missed the $40 spike and I'm being greedy and waiting for that again.
1703184840011.png


and the most recent, RTX. DCA $82.20. (i work here but put NO 401k dollars into company stock, its not discounted. Target is $95-100, where it was prior to the powdered metal issue announcement that only impacts the PW portion of the business but hit the stock hard
1703185038076.png
 

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