Talking Stocks 2.0

[beshannon]

Sold CVX, MA and BA at the open, taking short profits raising cash for the next lower entry point

Looking at MMM, LULU, ADBE, NVDA and adding to UPS, CL, AVGO, NKE. I would buy back CVX and BA if they were to bottom again

I like Lee Cooperman and his advice, have followed him for years

Billionaire Leon Cooperman: I’m optimistic the stock market has bottomed on coronavirus fears

https://www.cnbc.com/2020/03/27/bill...rus-fears.html

[m j b]

Originally Posted by m j b

... I shorted CCL... this morning at $16.35. Wish me luck!

Covered it at $15.63

It's still dropping, but I made money and I'm not going to worry about it any more today.

[beshannon]

Originally Posted by m j b

Covered it at $15.63

It's still dropping, but I made money and I'm not going to worry about it any more today.

There you go!

[gnuyork]

I wish I knew more about how to short... It's all greek to me

[JParm]

Originally Posted by m j b

Slight digress O/T question: assuming that what we know is true and the Coronavirus is here to stay, at least until a vaccine is developed and distributed, does it concern you at all that you may be trapped/quarantined on a ship during or after a cruise? Or that in the very close quarters with thousands of people, that you might be more vulnerable to catching it?

Please forgive me if I'm being too personal.

Not personal at all.

Wife and I are a "young" 36, with two boys at 5 and 2. We are optimists and can be a bit cavalier at times about the news, though we're taking the social distancing thing seriously. We have a trip to Aruba in April and Romania in May; have yet to cancel either and hopeful that we can at least make the trip to Romania. I say this just to give some background.

Our cruises are in October and January, and we have zero concerns about the spread of disease and / or being trapped on the ship by then (we're talking late fall here). At some point, humanity is going to need to build an immunity to this thing and we can't be scared to do things like that when society gets back to "normal".

Now, we have cruised 6 or 7 times previously and know the scene, but for those that haven't dipped in the waters, I could see those type staying away from the cruise industry.

So my take is this:
old cruisers - some will be ready and willing to jump in, but there will also be quite a few that won't touch it for awhile.
new cruisers - I don't think we'll see too many of them in the next year.

Thus, my hesitance to invest in such a niche market.

[RWH]

Originally Posted by m j b

Covered it at $15.63

It's still dropping, but I made money and I'm not going to worry about it any more today.

I'm starting to question this inverse MJB system of yours. You made money!

[JParm]

We going to hit that first CB today??

[bryan13]

Originally Posted by beshannon

Sold CVX, MA and BA at the open, taking short profits raising cash for the next lower entry point

Looking at MMM, LULU, ADBE, NVDA and adding to UPS, CL, AVGO, NKE. I would buy back CVX and BA if they were to bottom again

I like Lee Cooperman and his advice, have followed him for years



https://www.cnbc.com/2020/03/27/bill...rus-fears.html

I’m being cautious around LULU for the time being. I’m not sure a place that sells $100 yoga pants would fare well in the short term right now. Long term, I’m definitely looking to pick up some shares because I shop there frequently and like their products.

Since you mentioned AVGO, are you watching MRVL? I think they will do extremely well with 5G in the coming years. Also watching TSM.

[JParm]

https://seekingalpha.com/news/355588...tative-restart

Keep an eye, gents - all might not be well just yet in China.

[beshannon]

Originally Posted by gnuyork

I wish I knew more about how to short... It's all greek to me

Well, no you don't. Easy way to lose a lot of money very fast.

Originally Posted by bryan13

I’m being cautious around LULU for the time being. I’m not sure a place that sells $100 yoga pants would fare well in the short term right now. Long term, I’m definitely looking to pick up some shares because I shop there frequently and like their products.

Since you mentioned AVGO, are you watching MRVL? I think they will do extremely well with 5G in the coming years. Also watching TSM.

LULU back below 160 and I would be a buyer, solid balance sheet, 1BB in cash, no long term debt, they can continue to do business online

MRVL has not been performing and everyone pounding the 5G drum is not looking at how that is going to be pushed back. AVGO has a stronger balance sheet, better dividend and better CEO.

https://seekingalpha.com/article/433...erritory-again

[Dusko.Popov]

Originally Posted by bryan13

I’m being cautious around LULU for the time being. I’m not sure a place that sells $100 yoga pants would fare well in the short term right now. Long term, I’m definitely looking to pick up some shares because I shop there frequently and like their products.

Since you mentioned AVGO, are you watching MRVL? I think they will do extremely well with 5G in the coming years. Also watching TSM.

This.

I think it’s a house of cards waiting to come crashing down. No moat. If Under Armour ever got their crap together I think they could be a lulu disruptor. Ua‘s name still rings out internationally.

I can’t put fancier reasons behind it other than I’ve made way more money than I’ve lost doing lots of independent reading and research and trading equities.

Anyway, Hibbett Sports, The Trade Desk, and Boeing all on my watch list.

Wishing everyone luck. Take care of your bodies and your chickens.

[JParm]

https://www.cnbc.com/2020/03/27/us-c...arch-2020.html

No surprise here.

I'm stilling looking at RL and increasing shares in NKE, though.

[m j b]

Originally Posted by gnuyork

I wish I knew more about how to short... It's all greek to me

Originally Posted by beshannon

Well, no you don't. Easy way to lose a lot of money very fast.

I think it's important to be educated so you know why you should avoid it.

In a nutshell: going long means you think the stock will go up. Going short means you think the stock will go down.

If you buy a stock (long) for $10 and it goes bankrupt, the most you can lose is $10. The potential gains are unlimited.

If you sell short for $10, the most you can make is $10. The potential losses are unlimited.

So, shorting a stock means that you borrow it and sell it. While you are doing that, you pay the brokerage money (margin) and you have to cover any dividends that would have been paid to the person you borrowed it from. The margin on highly shorted stock (think Tesla last year) is very high, sometimes 20-25%.

If the account(s) that you borrowed from sell the stock, and the brokerage can't find any other stock to borrow, then you have no choice but to buy it at the current price. Your losses there are not only unscheduled but again, potentially unlimited and out of your control.

The advantage to shorting is that you aren't really spending any capital to short, you're borrowing. So you can leverage your money. Downside, again, is that if the stock value goes above your borrowing limits, they'll buy to cover and you've lost money, again, out of your control.

This is why no one with any brains sells short.

When I do it, I day trade, meaning, typically, an hour or two of exposure. There is an earlier post somewhere in this thread where I described shorting a stock for a few days and I was peeing blood the entire time.

HTH.

[beshannon]

Originally Posted by m j b

I think it's important to be educated so you know why you should avoid it.

In a nutshell: going long means you think the stock will go up. Going short means you think the stock will go down.

If you buy a stock (long) for $10 and it goes bankrupt, the most you can lose is $10. The potential gains are unlimited.

If you sell short for $10, the most you can make is $10. The potential losses are unlimited.

So, shorting a stock means that you borrow it and sell it. While you are doing that, you pay the brokerage money (margin) and you have to cover any dividends that would have been paid to the person you borrowed it from. The margin on highly shorted stock (think Tesla last year) is very high, sometimes 20-25%.

If the account(s) that you borrowed from sell the stock, and the brokerage can't find any other stock to borrow, then you have no choice but to buy it at the current price. Your losses there are not only unscheduled but again, potentially unlimited and out of your control.

The advantage to shorting is that you aren't really spending any capital to short, you're borrowing. So you can leverage your money. Downside, again, is that if the stock value goes above your borrowing limits, they'll buy to cover and you've lost money, again, out of your control.

This is why no one with any brains sells short.

When I do it, I day trade, meaning, typically, an hour or two of exposure. There is an earlier post somewhere in this thread where I described shorting a stock for a few days and I was peeing blood the entire time.

HTH.

Good explanation. Far easier to buy Put options

[beshannon]

HD just upgraded

https://www.thestreet.com/investing/...ntial-industry

I am already an owner and would like to buy more on a pull back but my basis is low so I may not be able to get in and a good value for me. Others starting a position may want to wait a bit before diving in to see if you can get close back to 150.

[m j b]

Originally Posted by beshannon

Good explanation. Far easier to buy Put options

Thanks. Easier and safer.

I only went short this AM because I couldn't trade options pre-market.

[GB-man]

https://www.cnbc.com/2020/03/27/bill...ng-market.html

Ackman defending accusations, which are obviously true, that he was grandstanding to attempt to push markets lower last week to juice his shorts. Lol horrible double entendres

[superdog]

Originally Posted by GB-man

https://www.cnbc.com/2020/03/27/bill...ng-market.html

Ackman defending accusations, which are obviously true, that he was grandstanding to attempt to push markets lower last week to juice his shorts. Lol horrible double entendres

No way!!!!

Did this really happen?? That was his motivation? For being being the biggest doomsday harbinger basically ever!!!!!

[RWH]

Well Ackman is known for stunts like this. Look at him and Herbalife. He practically went on a crusade while shorting it

[superdog]

“I heard that some interpreted my words as bearish”

He said hell was coming.

Officially the worst human being I’ve seen in this situation. And that’s saying quite a bit.

[superdog]

Duplicate

[Bearxj86]

Lol @ Ackman, what a douche. Smart dude though.

[superdog]

Originally Posted by RWH

Well Ackman is known for stunts like this. Look at him and Herbalife. He practically went on a crusade while shorting it

Night and day situation.

Yes, that was messed up. But all part of the game. Not the way I would play. But I didn’t and don’t necessarily fault him for it.

This is unforgivable. This was manipulating the entire worlds economy for profit. Making profit not off of the suffering of others, but by rather multiplying the suffering of others.

[GB-man]

Originally Posted by superdog

No way!!!!



Did this really happen?? That was his motivation? For being being the biggest doomsday harbinger basically ever!!!!!

For sure. Everyone knew what he was doing. I commented on it in this very thread. A few days later it was disclosed he closed his short positions for a multi billion dollar gain. Lol that’s what he does

[SMD]

Originally Posted by GB-man

For sure. Everyone knew what he was doing. I commented on it in this very thread. A few days later it was disclosed he closed his short positions for a multi billion dollar gain. Lol that’s what he does

Meh, everyone talks up their own book on CNBC.

[beshannon]

A bit of a bounce before 2, will see where the close is although I expect few to want to hold long over the weekend

[superdog]

Originally Posted by GB-man

For sure. Everyone knew what he was doing. I commented on it in this very thread. A few days later it was disclosed he closed his short positions for a multi billion dollar gain. Lol that’s what he does

I’m like a child I’m so naive.

[healer]

Why do I have a feeling Monday it’s all gonna be green;) if only Trump can sign it now oh well we just have to wait.

[Old Geezer]

Originally Posted by superdog

Night and day situation.

Yes, that was messed up. But all part of the game. Not the way I would play. But I didn’t and don’t necessarily fault him for it.

This is unforgivable. This was manipulating the entire worlds economy for profit. Making profit not off of the suffering of others, but by rather multiplying the suffering of others.

IMO, those that gave him airtime and coverage are complicit in his game.

[m j b]

I bought some today, COP and XOM and AVGO. Smart? Maybe not. We'll see.

Leaving some powder in the magazine to buy more when it drops again. Just wanted to have more in the pot if for some reason things keep going up, or just meandering along. It could happen.