Stocks

[Scorp101]

For the first time I have been making a killing when it comes to stock. Learning a lot. Anybody got any stock picks to watch. Currently i picked up on a some cruise and travel stock that just paid off major. NCLH and UAL... Any picks to watch?

[unit12]

Need to tell me how you are making money on NCLH; day trading?



12/31 - $58.41
01/31 - $53.85
02/28 - $37.26
03/31 - $10.96
04/30 - $16.40
05/29 - $15.32

[Equipeeler55]

Anyone who had the foresight to buy around the March 23rd low have profited nicely. I picked up

AMP at 99
CVX at 62
WFC at 23
XOM at 33
PRU at 41
and a bunch of preferred stocks paying 6-7.85% at 25% discounts to par, All trading well over par now.



From my perspective Oil is still cheap with proper time horizon.

[Chung Tran]

Originally Posted by Scorp101

For the first time I have been making a killing when it comes to stock. Learning a lot. Anybody got any stock picks to watch. Currently i picked up on a some cruise and travel stock that just paid off major. NCLH and UAL... Any picks to watch?

the easy money is over.. I still like Boeing long term.

those 2 you mentioned are choppy and risky. tradable, but will have a few great days, like a few days ago when airline stocks ran up 13-15% on short covering. but they immediately skidded the following couple of days, after the shorts had covered. because they are lousy companies in deep trouble. if you want to gamble, buy some Lukin Coffee (LK) for a trade

[Raybian]

Second Chung on BA.. since losing 60%/ more value already but still holding tight and double down... picked up GE as wel since I like both for long term... I picked up lots of Xom also, and definitely long for it until close to pre-crisis level...

Any takers on delta/ southwest airlines? Since Mr Buffet sold em all, it makes me wary of the unknowns

[huskerred]

NOT a BA fan at this time. Multiple contracts cancelled, airlines postpone new plane buys. This has the smell of a 2-5 year recovery at best for aircraft industry. Would not be surprised by another 30-40% drop in price from todays level of $145.85. Definitely a long-term hold if you are willing to wait.

[Lucas McCain]

All I have to say is stay the fuck out of the market right now. You don't put money in the market when the world is panicking. You wait until things get back to normal. Keep your money in cash and put it in a money market account. 2% is not sexy but it is better than losing your ass trying to get cute by trying to buy low and to sell high in a fucked up economy.

This virus is not going away soon. You keep your money out of the market until things get back to normal unless you have money to waste and lose. Don't be speculative and just wait. There is no need to lose your money right now while gambling on stocks in the current horrible condition of the world economy.

Edit: If anyone puts their money in Boeing, they can kiss it goodbye. You might as well just wipe your ass with your money and flush it down the toilet because it would be less painful. People are scared to fly now. You sure the fuck don't buy stock in a company that builds airplanes and especially one that has to recall them and is losing contracts.

[friendly fred]

Originally Posted by Raybian

Second Chung on BA.. since losing 60%/ more value already but still holding tight and double down... picked up GE as wel since I like both for long term... I picked up lots of Xom also, and definitely long for it until close to pre-crisis level...

Any takers on delta/ southwest airlines? Since Mr Buffet sold em all, it makes me wary of the unknowns

You definitely want to be out of any stock Sr. Buffet sells, but it is best to do it before he does! (Not very easy to do)

He shocked me with his airline stock purchases because he had hated them before. The only one that ever looked good to me was LUV.

[friendly fred]

Originally Posted by Chung Tran

the easy money is over.. I still like Boeing long term.

those 2 you mentioned are choppy and risky. tradable, but will have a few great days, like a few days ago when airline stocks ran up 13-15% on short covering. but they immediately skidded the following couple of days, after the shorts had covered. because they are lousy companies in deep trouble. if you want to gamble, buy some Lukin Coffee (LK) for a trade

While Boeing is in trouble, the thing they have going for them is if the world ever needs really big new airplanes again - only a few people make them.

After all, they all wear out over time and get more and more maintenance intensive - do you want to fly on an old, worn out plane?

[Joddxxx]

VectoIQ

[dallasfan]

Short and mid term boeing has a upper cap on it.
Long term I think it will do fine.

I think there will be another dip in the market this fall or winter and will be very challenging next year. And possibly for next two years.

When all looks bad is when you want to pick up stock. There are stocks you definitely want to stay away from right now.
Since Mid March I have been able to double the value of my portfolio.

My favorite stock this year is still a OKE.

[Chung Tran]

Originally Posted by friendly fred

You definitely want to be out of any stock Sr. Buffet sells, but it is best to do it before he does! (Not very easy to do)

this was good advice 3 years ago, but Buffett has been on a remarkable downturn, vis-a-vis his performance against benchmark averages. he sold out of his airlines at the bottom, they have since rebounded..

Originally Posted by Lucas McCain

All I have to say is stay the fuck out of the market right now. You don't put money in the market when the world is panicking. You keep your money out of the market until things get back to normal unless you have money to waste and lose. Don't be speculative and just wait. There is no need to lose your money right now while gambling on stocks in the current horrible condition of the world economy.

You sure the fuck don't buy stock in a company that builds airplanes and especially one that has to recall them and is losing contracts.

there has not been stock market panic in 2 months, unless you think buying for fear of missing out on gains = panic.. the market has gone straight up the past 2 months.. stay out, and you finish on the bottom.. wait for what? by the time you are comfortable that the economy is solid, the people who front-ran you buying stocks, are selling while you buy at the top.

Boeing is an easy stock to avoid.. which is why it will be strong going forward.. the knowledge is baked in to the price, everybody hates it, and have thus sold, or worse have shorted. I am up 26% in 3 weeks on the first Boeing shares I got, and I will happily buy more on a minor dip from here.

[billw1032]

The market is a leading indicator. If you stay out until the situation looks stable to you, you will be 6 months behind the market.

How are all of you guys doing in the market, trying to pick stocks and trade? You know that 85% of professional money managers can't consistently beat the market averages? Most of them don't get rich trading for their own account, they make money charging fees to manage other people's money. Are you better than the pros over the long run? If you're not really, really good the best thing you can do is dollar cost average into low-cost index funds, buy and hold until you're close to needing the money. Not many people can do better than that.

[friendly fred]

Originally Posted by Chung Tran

this was good advice 3 years ago, but Buffett has been on a remarkable downturn, vis-a-vis his performance against benchmark averages. he sold out of his airlines at the bottom, they have since rebounded..



there has not been stock market panic in 2 months, unless you think buying for fear of missing out on gains = panic.. the market has gone straight up the past 2 months.. stay out, and you finish on the bottom.. wait for what? by the time you are comfortable that the economy is solid, the people who front-ran you buying stocks, are selling while you buy at the top.

Boeing is an easy stock to avoid.. which is why it will be strong going forward.. the knowledge is baked in to the price, everybody hates it, and have thus sold, or worse have shorted. I am up 26% in 3 weeks on the first Boeing shares I got, and I will happily buy more on a minor dip from here.

Yep - Lucas is behind and too stupid to realize it.

I will still go with Buffet in spite of his cold streak - I like companies with a strong franchise and good books. Long term, he is the best ever.

[TexTushHog]

Originally Posted by Lucas McCain

All I have to say is stay the fuck out of the market right now. You don't put money in the market when the world is panicking. You wait until things get back to normal.

Get back to normal??!! Three years is a long brome to stay out of the market. That presumes we can find a vaccine. But as I posted before, I’m very bearish on BA. Tons of orders are going to be cancelled. My most recent purchases have been international in nature.