That was my plan when I bought CZR, Wynn and another MGM spot yesterday. Tempted now to hold til tomorrow or even the weekend but that seems risky. I could see some big 10% type swings either way depending how the weekend goes
Anyone see the $BETZ etf? ETF of just a bunch of gambling stocks. Came on the market today. expense ratio is .75 which seems high but i like the concept. Any thoughts?
Turned a profit on OXY. Only +10% but I had been wanting to get out of OXY since about three days after I bought them.
Broke even on EAF. I got jaded when they clipped their dividend and have been waiting to break even or turn a profit before selling off.
Another 6.65% gain for me today. TransEnterix TRXC gained 110% today and I have no clue why. AAL, PENN, DAL, and ATEC were all double digit winners today.
Dow did basically nothing today, I'm up another 5.13% and my baby nephew's account up 9.90% on the day. This SAVE/SPR/DAL/UAL/ALK/LUV/BA/WFC/C/JPM/VIAC/VIACA shit stew is making me a killing.
My others have performed well too, particularly V/AXP/CSCO/RTX/SWKS/BABA/FLS/PRU/UNM. I only have one position I am not green in out of all my stocks, I started investing back in November when we were at all time highs. Certainly helps that I started out slow while I was learning how to invest, then after the collapse I moved 6 figures in. Oh, that loser stock is CTL and it's currently only $25 (total) down so I just need it to move a smidge to be 100% green on 30+ positions.
I'm sure my arrogance will burn me eventually. I'm in a lot of stocks I don't want long term, I'll need to figure out when the ride is over and move them into nice safe dividend paying stocks which was my plan in the beginning. Goal is to work my way up to a mil and have some nice yearly dividends.
Same here. I’ll probably cash out a decent amount of them in another couple months but things like BA, JNJ, PG, GS and other big dividend paying companies I plan on holding for a while.
what would you expect to make on $1m annually invested in dividend paying stocks? I’ve never really explored this idea but am curious.
Stuff is just getting stupid now. Wake up, check stonks: FRSX up 115% in PM All casinos up BUD up DKNG up GAN up COTY up HOME up Even my Brazilian stock market ETF options are up. It’s incredible, yet is also making me uncomfortable that a crash is around the corner.
Holy hell, works been crazy busy the last month so I haven’t paid as close attention. I bought AAL at 20.20, which at the time was a huge discount, because I didn’t think COVID would hit us as hard as it did. Obviously, that wasn’t the case....totally shocked to see I’m close to breaking even in AAL. What’s the play here? My original thought was buy and hold until it gets back in the 30s, but it was such a journey to break even I’m tempted to sell if I get in the green and move on.
I’m still pretty pessimistic about the market, and could see a “second wave” coming sooner than expected now...so I’m tempted to just get out while I can and maybe even take a little profit.
Buffett selling off his +/-10% stake in all the airlines during the April lows at a loss and sitting on the cash is looking better and better.
You could always sell half or just reduce the position to keep some skin in the game but lower your risk. I agree that it feels like the travel industry is coming back too strong too fast, but I thought that days and even weeks ago and was clearly wrong.
Where’s GK during this madness? I know he’s somewhere sitting on 400 calls of something that has gone to the moon
From Wednesday: The indexes rallied hard yesterday, moving slightly above the theoretical targets I previously provided for Wave C of Major Wave B up. The Dow finished with a gain of 527 points, closing at 26,270. The NASDAQ and SPX gained 75 and 42 points, respectively. Volume on the NYSE was moderate, coming in at 109 percent of its 10-day average. There were 71 new highs and 2 new lows. Yesterday’s impulsive rally could have been the top as Wave C up now has five complete waves. There is also a possibility that yesterday’s impulsive rally was the end of wave 3 up within Wave C up, with waves 4 down and 5 up still to come. We should know in another day or so IF the Market Timing indicators to turn negative. Once all five waves of the pattern are complete, the Dow should begin a major decline that should take it down below the 18,000 level, with significantly lower levels possible. At this point, the market is EXTREMELY overbought. The A-D oscillator had a reading of 272.68. Readings above 250 usually result in a pullback the following day. Another reason I believe the market will pullback is because late yesterday, the P/C ratio on the CBOE had a reading of 0.56, only one tick below the 0.55 reading back on 19 February, the day the S&P topped. Like I said back then, a reading near 0.55 reflects way too much optimism in the market. It’s usually NEVER rewarded with higher prices. One of the things I’ll be watching for today .. IF the indexes start down, is the wave structure. If all five waves of Wave C up of Major Wave 2 are complete, the wave structure should take the form of a five wave decline. The decline should not be in three waves, as an A-B-C decline would be associated with a corrective wave 4, not the start of Wave 1 down. So, watch the short term bars to see if you can spot the five wave structure, especially if the middle wave is impulsive. BTW, technical confirmation of Wave 1 down using patterns is to far below current levels (24,294) to be useful, so we’ll need to rely on the Market Timing Indicators and the wave counts for now. The Market Timing Indicators for the Major Indexes remain Positive. The Dean’s List and The Tide also remain Positive. The Sector Ratio stayed at 24-0 Positive after yesterday’s session. If the market moves lower today, it will be interesting to see if the Ratio begins to decline. The Sector Ratio did a great job at predicting the current rally, so any decrease will need to be watched. The top 5 strongest Sectors were Material (includes gold), Cap Goods, Energy, Leisure and Consumer Products. Gold (GLD) dropped 3 points yesterday to 159.6. The pattern appears to be a sideways wave 2 consolidation triangle. If this analysis is correct, gold should begin to move significantly higher in the months ahead as wave 3 of 5 up unfolds. The HUI, the gold mining index, fell 9.77 points yesterday to 260.57. My target for the HUI is still about 20 points lower, closer to the 240 level. This too is something to watch as any decline in equities could begin to move money into gold and the miners. Bonds pulled back again yesterday with TMF shedding 1.59 points to 37.71. TBT, the inverse ETF for Bonds gained 0.45 cents to 16.9 and moved above its 50-day moving average at 16.55. Because the VTI on TBT is overbought and not in the Trend Mode, it’s likely it will pullback and re-test the 50 before moving higher. I would view any pullback now as a buying opportunity. My target for TBT, as long as the indicators remain positive, is above the 21.3 level. There were NO CHANGES to the Model after yesterday’s session. The Model continues to hold 600 shares of TBT, and 40 shares of UCO, with a cash balance of $87,037. Yesterday was another quiet day for me. I traded TBT and DUST for small profits. If the Scalp Trading Indicators give say so on the 4s, I’ll look to trade a few shares of DXD. I’ll also be watching the volatility index (VIX) for a pop. Yesterday, the index came in at its lowest point since 19 February and is now resting on its 200-day moving average. Scalp Trades only! Absolutely NO buy and holds. I believe it's still way to early to be holding anything short, even trial positions. That’s what I’m doing, h
I don't see how we can't have a major correction at 13% unemployment. 13 is way lower than 20 but come on now. Let's just get back to the Feb High today. The news cycle where no one is talking about the COVID is helping this market soooo much.
Very sad I sold my Penn option for 3x. It has since doubled. Very happy I kept my options open in MGM,WYNN, CZR
Im sure when I sell AAL, he’ll bring up like 20 newly hired pilots or some shit and the stock will go to 50/share.
I’ve had my 401k goalmakers all set to the most aggressive option they allow since I started with prudential 5 yrs ago. Like a moron, in mid April I switched one of the accounts to super conversation to lessen exposure to stocks. the one I left alone is up 16% since then. The one I changed is up 10%. Of course the one I changed has 4x more money in it too, so that’s around a 10K error. Now I’m hesitant to switch it back after this run up. TLDR: lesson learned
I really think that people shouldn't be changing their 401k/IRA allocations that much for market cycles unless they are really close to retirement. And if they are really close to retirement, their allocation should be really conservative anyway.
This shit is annoying. Wanted to sell some positions right before the market opened and did t because I couldn’t buy a dip with only settled funds.
Looks like Merril is having issues staying up. That and Robinhood having loading issues for me. Hear Etrade having issues too. Anyone else having issues getting on?