Talking Stocks 2.0

[mountainjogger]

Originally Posted by samson66

Good point on the 100% but agree completely on the bailouts. I said the same thing to my wife the other night. These companies purposely flag their ships in other countries to avoid U.S. labor laws and pay their employees garbage wages, now they want the U.S. taxpayers to bail them out. Maybe it's time to let them sink (pun intended)

Agree, this is the pushback they will be up against.

And was the point of this article.

https://www.nationalreview.com/2020/...ital-industry/

[RyanO]

Originally Posted by samson66

Good point on the 100% but agree completely on the bailouts. I said the same thing to my wife the other night. These companies purposely flag their ships in other countries to avoid U.S. labor laws and pay their employees garbage wages, now they want the U.S. taxpayers to bail them out. Maybe it's time to let them sink (pun intended)

There's definitely something to be said for that, right?

[gabrielnovar]

Here is where you find the 10xers +++ after a decline. Look at a growth stock and if they are still growing at 10-15% in a recession they will rip after

AMAZON was an example in 2009. Shopify should be another.

[77T]

Originally Posted by m j b

I confess a little annoyance at proposals that the government bail out cruise lines... most of the people who work on those ships are not USA citizens. Those ships are "flagged" in other countries with different (less strict) laws.

I understand your feeling.
Have been puzzled by discussions in that vein. I think legislators who have cruise lines in their turf want to preserve their tax base. I can’t see them as a critical transport or vacation link in our country.

The bad taste leftover from the financial industry bailouts of 2008-9 will be a small appetizer compared to some of the proposals being floated now.

The generation that must pay back any new deficits are still in diapers.



Sent from my iPhone using Tapatalk Pro

[brockburst]

Originally Posted by m j b

It can go down another 100%.

I confess a little annoyance at proposals that the government bail out cruise lines... most of the people who work on those ships are not USA citizens. Those ships are "flagged" in other countries with different (less strict) laws.

OK, rant over.

We'd like to hope that most if not all of these larger companies will continue to pay their employees, so given that expense, and they still have to pay for offices and of course the huge loans that they take out on these ships, plus I assume, dock fees, they will be hemorrhaging money for months.

At some point, yes, it will be a good investment if they survive, but I can think of better places to put your money.

Down 100% is Zero.

[EEpro]

Originally Posted by brockburst

Down 100% is Zero.

What is the current trade price for Worldcom and Enron?

[m j b]

I was watching CNBC as I ate breakfast, and Rick Santori did a brief piece on bond ETFs. Specifically (I thought worth noting) is MUB, which is down 13% (up a bit this morning) and consists of municipal bonds. That may be worth a look.

I bought some.

Other ETFs are HYG and LQD, both corporate bonds (high yield and not so much) down 17 and 20%, respectively.

I bought some of those too. Just dipping in my toe. IRA money. Long term.

Well, longish... I'm not that young.

[beshannon]

Originally Posted by samson66

Anybody who knows way more than I do have thoughts on picking up cruise stocks? Carnival down to $10 last I checked. Are we at the bottom for them yet you think? I'm very tempted to pick some up. Currently down ~80% off the high

Personally I would not touch travel, hospitality, restaurants, energy or leisure spaces. You need to do your research carefully here.

I am not a speculator, just because a stock is massively down in price does not mean it cannot fall further based on the fundamentals.

Even book values are next to useless at this point, P/E will need to be recalculated for everything. Dividends will be cut, guidance is useless.

I am focused on strong companies that can withstand this, that have solid balance sheets, cash and revenue. I look for stocks like that when they have been beaten down.

I have been buying UPS, GILD, AVGO, MSFT, VZ, CSCO and NVS

[SackLVG]

Originally Posted by EEpro

Yes. I have an inappropriate amount of MGM.

i spent more on mgm stocks in the past two three days than stays in their hotels. Wished i bought more at $6, bought a lot at $7-8, bought a little at $9.

No brainer, they moved past the vegas shooting and 2008, they will survive this.

[m j b]

Every time I sell a stock (winners and losers) this week I get a dread of FOMO. What if today was the bottom?

I suspect some of the buying is thinking the same way. News reports this AM that unemployment numbers may be horrendous in April.

[Duey]

Originally Posted by beshannon

Personally I would not touch travel, hospitality, restaurants, energy or leisure spaces.

The only reason MGM is moving is because the press told us that the executives bought their own stock. No other reason. MGM can do no business in Nevada for the next 30 days = No money coming in, and massive job loss. The biggest state next door just shut down with no time line to open back up.

I believe MGM will touch $4 here real soon.

[SackLVG]

Originally Posted by m j b

Every time I sell a stock (winners and losers) this week I get a dread of FOMO. What if today was the bottom?

I suspect some of the buying is thinking the same way. News reports this AM that unemployment numbers may be horrendous in April.

dca in small chunks is the way to go in this market or day trade. its volatile and you can't time it. example, i though i had a great buy at boeing @170 for a huge flip. little did i know trump would close off european travel.

been sticking with values under $30 and anything with a 50% haircut

[superdog]

Originally Posted by m j b

Every time I sell a stock (winners and losers) this week I get a dread of FOMO. What if today was the bottom?

I suspect some of the buying is thinking the same way. News reports this AM that unemployment numbers may be horrendous in April.

for certain.

I am seeing quite a bit of this. I have heard of at least 6 examples of people I know very well.

[EEpro]

Originally Posted by Duey

The only reason MGM is moving is because the press told us that the executives bought their own stock. No other reason. MGM can do no business in Nevada for the next 30 days = No money coming in, and massive job loss. The biggest state next door just shut down with no time line to open back up.

I believe MGM will touch $4 here real soon.

Lol. Up 40% in one day. Whatever the reason I'm happy with that return on a mouse click.

[Runnin' Rebel]

Originally Posted by Duey

The only reason MGM is moving is because the press told us that the executives bought their own stock. No other reason. MGM can do no business in Nevada for the next 30 days = No money coming in, and massive job loss. The biggest state next door just shut down with no time line to open back up.

I believe MGM will touch $4 here real soon.

Massive is an understatement- well over 200,000 workers in the Las Vegas hotel industry. 9/11 x 10 and for much much longer time. Add in the biggest tourist pipe line from California and its gets crazier. This will take many months to over come.

And in November 2019 Blackstone purchased Bellagio’s real estate for $4.2 billion and leased it back for an initial annual rent of $245 million. Two months later, it agreed to form a joint venture with MGM Resorts International’s REIT, MGM Growth Properties, to acquire the MGM Grand and Mandalay Bay in a $4.6 billion deal and lease them back to MGM Resorts for an initial annual rent of $292 million combined. The hotels have huge payments. And so do other properties..

[beshannon]

Originally Posted by m j b

Every time I sell a stock (winners and losers) this week I get a dread of FOMO. What if today was the bottom?

I suspect some of the buying is thinking the same way. News reports this AM that unemployment numbers may be horrendous in April.

No one ever went broke taking a profit

Originally Posted by Duey

The only reason MGM is moving is because the press told us that the executives bought their own stock. No other reason. MGM can do no business in Nevada for the next 30 days = No money coming in, and massive job loss. The biggest state next door just shut down with no time line to open back up.

I believe MGM will touch $4 here real soon.

I never buy stock on news like that

[golfgrouch]

Originally Posted by EEpro

Lol. Up 40% in one day. Whatever the reason I'm happy with that return on a mouse click.

How did you time the bottom? Was there some kind of specific information that indicated it?

[sokoloka]

For you guys out there that are long term value dividend investors, what have you been parking your money in?

Still relatively young at 32 and have done well with speculative investments but interested in opening a grip of $5-10k positions in the dividend yield space, setting it to DRIP, and forgetting about it.

[superdog]

For those with cash reserves.

Anyone concerned with FDIC insurance limits?

If so, what are you doing?

[golfgrouch]

Originally Posted by sokoloka

For you guys out there that are long term value dividend investors, what have you been parking your money in?

Still relatively young at 32 and have done well with speculative investments but interested in opening a grip of $5-10k positions in the dividend yield space, setting it to DRIP, and forgetting about it.

VZ, but nothing looks safe right now. I thought it was safe when I bought it but it's way down today...In other words, don't take advice from amateurs like me!

[Bearxj86]

Originally Posted by golfgrouch

VZ, but nothing looks safe right now. I thought it was safe when I bought it but it's way down today...In other words, don't take advice from amateurs like me!

Buy, and when it’s down buy some more!

[EEpro]

Originally Posted by golfgrouch

How did you time the bottom? Was there some kind of specific information that indicated it?

I bought at $6.50 after reading an article about directors buying. I did some quick math and decided they could liquidate for that price so I bought 2000 shares.

[GB-man]

Originally Posted by superdog

For those with cash reserves.

Anyone concerned with FDIC insurance limits?

If so, what are you doing?

I like to spread it across 250k cds. Short term. Maybe there is a better way

[beshannon]

Markets trying to digest all the recent news, bottomed at 12:30 now trying another rally, trade is orderly and price action is good, VIX is at ~62, down 10 points (14%)

Will need to watch 2 pm margin calls and then 3:30 market on close orders after options expiration

[maximus1]

Originally Posted by m j b

I was watching CNBC as I ate breakfast, and Rick Santori did a brief piece on bond ETFs. Specifically (I thought worth noting) is MUB, which is down 13% (up a bit this morning) and consists of municipal bonds. That may be worth a look.

I bought some.

Other ETFs are HYG and LQD, both corporate bonds (high yield and not so much) down 17 and 20%, respectively.

I bought some of those too. Just dipping in my toe. IRA money. Long term.

Well, longish... I'm not that young.

I was glad to hear the Fed's announcement of their plan to purchase short term Munis.

This will help take some pressure off. Best of luck.

[golfgrouch]

Originally Posted by beshannon

Markets trying to digest all the recent news, bottomed at 12:30 now trying another rally, trade is orderly and price action is good, VIX is at ~62, down 10 points (14%)

Will need to watch 2 pm margin calls and then 3:30 market on close orders after options expiration

Where do you obtain such information?

[beshannon]

Originally Posted by golfgrouch

Where do you obtain such information?

Combination of online info, TV, level II quoting and my own analysis.

I am a systems analyst, I sit in front of 5 monitors and a 50" tv all day

[m j b]

Originally Posted by sokoloka

For you guys out there that are long term value dividend investors, what have you been parking your money in?

Still relatively young at 32 and have done well with speculative investments but interested in opening a grip of $5-10k positions in the dividend yield space, setting it to DRIP, and forgetting about it.

When people ask me "where do I start" I like to tell them (wrong or right) to buy a company that they like. Eat at Mickey D's a lot? Buy MCD. Smoke? Buy Phillip Morris. Drink? Buy BUD. Coca-Cola is an outstanding company. Do you know what the most recognized brand is, world-wide? I forgot, quite honestly, but Coke & Marlboro are in the top 5.

For dividends, find a good utility company that you like. Mine is Duke, which is the largest in the country, the stock is down right now. Disclaimer: I worked there my first job out of school. They survived without me. Utility dividends, with the exception of PG&E, are probably secure.

Bank stocks are generally also a good play if you like steady dividends.

[beshannon]

Originally Posted by m j b

When people ask me "where do I start" I like to tell them (wrong or right) to buy a company that they like. Eat at Mickey D's a lot? Buy MCD. Smoke? Buy Phillip Morris. Drink? Buy BUD. Coca-Cola is an outstanding company. Do you know what the most recognized brand is, world-wide? I forgot, quite honestly, but Coke & Marlboro are in the top 5.

For dividends, find a good utility company that you like. Mine is Duke, which is the largest in the country, the stock is down right now. Disclaimer: I worked there my first job out of school. They survived without me. Utility dividends, with the exception of PG&E, are probably secure.

Bank stocks are generally also a good play if you like steady dividends.

Many people think investing is difficult. Buy what you know.

[golfgrouch]

Originally Posted by m j b

...For dividends, find a good utility company that you like. Mine is Duke, which is the largest in the country, the stock is down right now. Disclaimer: I worked there my first job out of school. They survived without me. Utility dividends, with the exception of PG&E, are probably secure...

I would normally agree, but there's now talk of massive number of people not being able to pay utility bills and deferred payments during the crisis. It's scary to think that people can't even pay utility bills!