Stocks to Watch Thread

[Triplethreat]

How does everyone feel about the cruise line industry?

I feel like it's going to bounce back, but will take a looong time to get back to end of 2019 levels. Travel in general will be in a rough spot for a while.

 

[The Wizard of Moz]

Nasdaq knocking on the door of all time highs

I was a very aggressive buyer in March and early April. I have since went from 33% cash to 55%.

still in, but good Lord this is some mighty exuberance currently. If I get cucked and we keep going up to infinity then I get cucked. But I took a good bit of gains and it takes a lot for this permabull to do that

 

[BMAN]

Nasdaq knocking on the door of all time highs

I was a very aggressive buyer in March and early April. I have since went from 33% cash to 55%.

still in, but good Lord this is some mighty exuberance currently. If I get cucked and we keep going up to infinity then I get cucked. But I took a good bit of gains and it takes a lot for this permabull to do that

I got discounted shares for my Roth IRA. I think I have missed out.

 

[The Wizard of Moz]

I got discounted shares for my Roth IRA. I think I have missed out.

I was heavily cash since 2017. Everyone told me how much I missed out in those 3 years and I did... but then when the crash happened we went back to 2016 levels and I was locked and loaded with a pile of cash and a plan. I don’t even think my plan was that good. I have spent hundreds of hours studying markets and economics since March and have a laundry list of things I wish I would have done. But now I’m much better prepared for the next dip.

My friends who got on me for missing out were a mess in March. Some panic sold (which I berated them for), some couldn’t pull the trigger even when we were down 35% and I told them not even dollar cost averaging in TEN percent of your cash is just pure greed or para. I was nimble and had the most precious thing of all for such a situation: a portfolio of cash.

My advice is just have a plan And don’t let the tales of those who made money during this deter you from whatever plan you choose. If that plan is fuck it, My investment horizon is 30 years and I don’t give a fuck about fluctuations then cool. If it’s to be patient, that plan just looked like it wasn’t going to work for me for 3 full years and then it did. Not going to lie and say that a 35% drop in historic fashion was ever a prediction of mine, but sometimes it takes luck too

it also helps having a long term view. I am a permabull. I will not bet against US economy long term. Way too many outstanding companies and innovation. So when I buy the dip I never have any intention at all of cutting losses on Broad market (but I will, and I have cut losses on individual positions that I feel I misconstrued the risks on, for example DAL). It makes it easier to sleep at night when I’m on a 2K unrealized loss on Apple or Google because I don’t give a fuck about that. Those are companies I am immensely bullish on and tbh I like seeing that red because I’ll just buy more if they’re that caliber (but I keep position limits to never fall too head over heels

 

[Chardon]

Bought 80 shares of AAL at 11.86 a month or so back. Finally yesterday that started paying off in a big way. Same with Marathon Oil. I only have 20 shares but just as of yesterday I went positive. Those are my two long term payoff stocks.

I bought 316 shares of GNUS Monday night at 3.16. Thursday it hit $11.00 at one point before crashing hard. I managed to get out at $5.62.

My next two stocks I like are XSPA and HTBX.

 

[The Wizard of Moz]

Bought 80 shares of AAL at 11.86 a month or so back. Finally yesterday that started paying off in a big way. Same with Marathon Oil. I only have 20 shares but just as of yesterday I went positive. Those are my two long term payoff stocks.

I bought 316 shares of GNUS Monday night at 3.16. Thursday it hit $11.00 at one point before crashing hard. I managed to get out at $5.62.

My next two stocks I like are XSPA and HTBX.

AAL is by far the most likely airline to file chapter 11. Credit default swaps (basically insurance on a company) are pricing them declaring bankruptcy at a 54% chance. Those people have a lot more money than the Robinhood traders that have been bidding against each other on the ‘once in a lifetime’ opportunity to buy into an industry that will have substantial headwinds for years to come

 

[Chardon]

AAL is by far the most likely airline to file chapter 11. Credit default swaps (basically insurance on a company) are pricing them declaring bankruptcy at a 54% chance. Those people have a lot more money than the Robinhood traders that have been bidding against each other on the ‘once in a lifetime’ opportunity to buy into an industry that will have substantial headwinds for years to come

Sold it today for 19.26.

$580 profit.

 

[bob2the2nd]

How does everyone feel about the cruise line industry?

I feel like it's going to bounce back, but will take a looong time to get back to end of 2019 levels. Travel in general will be in a rough spot for a while.

I invested heavily in march/april. Right now both RCL and CCL are up about 100% from where i bought them.

I actually bought more RCL first thing this morning, as i think it makes it back to 100 by the end of the summer

 

[The Wizard of Moz]

Sold it today for 19.26.

$580 profit.

Nice scalp. Thought you meant you were in it for the long haul

 

[The Wizard of Moz]

I invested heavily in march/april. Right now both RCL and CCL are up about 100% from where i bought them.

I actually bought more RCL first thing this morning, as i think it makes it back to 100 by the end of the summer

So I know it’s mostly just people speculating and fundamentals aren’t going to matter until there are actual bankruptcies, but the cruise lines took on a ton of dog shit debt in the last 3 months. Like even if demand goes back to 100% they’re still in a much worse financial position than they were pre COVID

That said, the market is basically a game of hot potato with dog shit companies at this point. I just wouldn’t want to be the one holding the bag when the music stops. For fucks sake HERTZ is trading higher than before they announced bankruptcy lmao. The market is in euphoria mode, but make no mistake, financially these companies aren’t in good spots

RCL just issued ELEVEN percent debt at a time when the fed is buying even junk bonds. That’s how little people believe in them. They also put up their ships as collateral to get a better rate. I’m on financial twitter and at this point everyone thinks they’re buffet because of some 1 month gains on putrid companies, but Buffet himself entirely exited the airlines while the Robinhood traders bid them to Infinity. It’s a game of chicken amongst people who don’t know a thing about any of these companies or financials in general. Don’t be the last holding the potato is my advice

 

[Triplethreat]

Scooped NKLA when it was being purchased by Vecto IQ maybe a week ago at $27.

love the long term prospects on this one. Never in my life didI know it would provide such profitable returns so immediately fast.

Kind of scary actually.

 

[The Wizard of Moz]

The VIX was up 6% on another melt up day

2 companies that filed chapter 11 are absolutely mooning

This is not normal

Truthfully I can’t remember a more euphoric time in the markets. I bought some immensely out of the money call options on SPY and they’re mooning.

I think this is gonna end badly, but I’m not gonna be the one to fight a bubble. I’d have my stop losses in if I were you guys though. Especially the ones investing in really shitty companies with a ton of putrid debt like some airlines and the cruise lines and GE etc.

Just remember pigs get fat and hogs get slaughtered and there is a TON of greed right now

 

[KI4MVP]

Scooped NKLA when it was being purchased by Vecto IQ maybe a week ago at $27.

love the long term prospects on this one. Never in my life didI know it would provide such profitable returns so immediately fast.

Kind of scary actually.

I'm not sure how NKLA isn't smoke and mirrors. They've never shipped a product, haven't broken grown to build a factory so they can build a product, yet are somehow now worth about $30 billion.

 

[The Wizard of Moz]

I'm not sure how NKLA isn't smoke and mirrors. They've never shipped a product, haven't broken grown to build a factory so they can build a product, yet are somehow now worth about $30 billion.

Look around the market. Hertz and Chesapeake are parabolic. The fraudulent Chinese coffee company that was halted for a month caught its second wind the second the first wind ended

There’s a lot of smoke and mirrors right now. That’s been one of the hottest plays is smoke and mirrors. Which is why I grabbed some DGLY

 

[Triplethreat]

I'm not sure how NKLA isn't smoke and mirrors. They've never shipped a product, haven't broken grown to build a factory so they can build a product, yet are somehow now worth about $30 billion.

Because they already started taking orders. So many orders in fact that they had to stop taking them because they were getting so many.

The future is electric and clean energy vehicles, there is no doubt in my mind about that. Nikola looks to be one of the ones to pave that way.

The valuation right now is a little extreme, but there is so much potential here for the company going forward in the next 3-5 years.