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Quoted from Elvishasleft:Ah yes... as former .com employee and stock holder I remember that phrase very well.
Easier said then done and rarely goes as planned.
Its a buzz phrase to make investors feel better that they bleed money and make little.
As I said during the 2001 .com meltdown: "Never did I see $100k come so fast and go so fast"....
Quoted from Elvishasleft:.coms are their own planet.
The one I was at literally kept hiring people to "show growth". Nowhere to put them and no work for them or anyone with time to train them, just had to add body count. People would come on and just sit around all day and get paid.
They had me interviewing people in my sector for tech jobs and it got to the point where it was a few a day so I just asked them the dumbest questions I could think of just to mess with them.
They had no idea they were going to get hired just for showing up.
Literally, hi... have a seat. I like your haircut, whats your favorite band? ok here is a 75K job now go away. lol
You should report that to the SEC. Even if twenty years later. Those that made you do that should be stripped of their wealth and go to prison.
Plenty of upside potential on BALY (Bally's Corporation) that begins trading on Monday November 9th.
Currently trading under the Twin River name until then (TRWH).
Disclosure, I bought in prior to the Bally's Corporation name change announcement. I'm very happy with the performance and what's ahead.
Quoted from DadofTwins:Sell Tesla now that it spiked after hours or hold on?
It depends on your investment goal and your purchase price. I bought my last batch at $475.00 so I'm holding on...
Quoted from Elvishasleft:I am out of the loop on this stuff...
can some one explain why its not legal to play poker online for real money anymore but this shit is OK ?
Market profits are reported and taxed. Online poker is not, in most cases, taxed.
Quoted from loneacer:Can a doctor through Teledoc prescribe medicine? That would be the only benefit I could see in order to save a trip to your local physician just for a renewal of maintenance meds.
Yes they can. My wife started to feel Ill on a long car trip. Did the teledoc call (not even video chat) from the car while I drove. He sent the script to a pharmacy ten miles up the road. We went there and picked it right up. All a few hundred miles from home on a weekend.
Teledoc rate went from $35/call to $45 this year though. Shitty insurance plan.
Quoted from athenspin:Skyworks Solutions is back on my radar, this company is cash loaded and pays a small dividend. The IPhone 12 is loaded with skyworks solutions chips, this stock should ride the 5g wave and have massive revenue from the new iPhone for several years. Skyworks solutions stock hasn’t done much in the last couple months and may be getting overlooked.
Thanks for the reminder, I still have Skyworks stock certificates received as a dividend from Conexant Systems which was a spin-off of Rockwell twenty years ago. Conexant Systems was formerly Rockwell Semiconductor Products Division which was a rename of their Microelectronics division. The home of Gottlieb System 1 circuit boards and the staggered leg IC's.
Quoted from Bospins:Anyone writing calls?
Not me. Learned my lesson on Black Monday, 1987.
Quoted from DBLM:DoorDash priced their IPO at $102/share, valuing the company at 32.4B. My response:
[quoted image]
Yeah, Door Dash has the same value as the global assets, cash and goodwill of The Ford Motor Company.
Quoted from TireFryer426:yeah, i bought at 7 cents a share. Sold yesterday, today its at $6 a share. It looks like its cooling off a little, but i'm still kicking myself a little. At least it wasn't a loss... but wow, 7200%. Thought they'd end up going bankrupt and that I should go ahead and walk away.
I usually don't sell anything... And then I thought ameritrade was broken this morning.
Why didn't you mention the stock yesterday or the day before?
Quoted from TireFryer426:LOL, well if I'd known...
No worries, it's just that you said you sold it yesterday (and not at a loss) so that meant you bought it early yesterday or even earlier. It would have been nice to know about the company so I could have looked into it.
All good.
Quoted from SantaEatsCheese:I think TSLA hits its all time high between 3:45 and 3:55 EST today and doesn't hit a number that big again until... 2028. I say it flashes up briefly to $783 per share.
WAY to risky for me at this point. I've dipped my toe in TSLA a few times but at these dollars it makes no sense to me.
It is my understanding that there is literally ~100 billions of dollars that have to go into the stock by S&P matching and mirroring funds by the end of the day. If the market cap is currently $630 billion, that would imply a 16% rise, bringing us to ~ $783.
Bear in mind if I had any confidence in my guess here I'd sell everythign and buy TSLA now, expecting to sell it near the end of the day.
Day limit orders entered to sell 25% of my position at $783 and another 25% at $825 just in case.
Quoted from tacshose:Hmm thanks mrbally for the tip to buy Bally it’s up 24% today. Wish I would have bought more and known about the Sinclair deal
Disclosure, just sold 20% of my stake to be used "for general corporate purposes".
Quoted from SantaEatsCheese:I think TSLA hits its all time high between 3:45 and 3:55 EST today and doesn't hit a number that big again until... 2028. I say it flashes up briefly to $783 per share.
WAY to risky for me at this point. I've dipped my toe in TSLA a few times but at these dollars it makes no sense to me.
It is my understanding that there is literally ~100 billions of dollars that have to go into the stock by S&P matching and mirroring funds by the end of the day. If the market cap is currently $630 billion, that would imply a 16% rise, bringing us to ~ $783.
Bear in mind if I had any confidence in my guess here I'd sell everythign and buy TSLA now, expecting to sell it near the end of the day.
Oh well, back to looking at homes without elevators.....
Quoted from pinlink:Getting a little dip today, so what are we buying? I am getting in on SPG, missed out on this one earlier. Also looking at FRT and SVC. Anyone adding to MAC?
Of course we should buy Tesla today. The cult members on Twitter are claiming it will hit $800.00 today. And of course they know how stock markets work (Elon says shit, they say how big a pile masta).
Gotta run, Tesla Joy just tweeted something 
Quoted from athenspin:I’ve bought in and out of workhorse a few times, I’m really wondering if that contract will go mostly to Ford. Seems like that contract was really hyping up and sounded like USPS was going to make a decision, then Ford announced they’d be building an EV delivery van.
Quite a bit of incompetence at Workhorse Custom Chassis. They were a customer awhile back.
To those of you that say "I'm never ever selling stock XYZ": Do you just want it to go to your estate? Don't you want to enjoy the fruits of your labors and risks you took? A retirement mansion? Very early retirement? Toys?
Just curious as we all know that every investment will eventually go bad. Even Amazon, Wal-Mart, Apple and Tesla will one day become almost or fully worthless.
Quoted from phil-lee:Surprised Pfizer was down today, surprised Tesla wasn't (with that fresh recall)
I wonder if Tesla Joy, Elon's Brain, In Elon we Trust, Teslarti, Tesla Army and Electrek will all tweet that 3,000 Program-Erase cycles is acceptable for the flash memory?
Quoted from Hench4Life:Looking for ideas on where to put my ROTH contribution this year. Not an active trader, looking to buy and hold for 5-10yrs, if not longer.
Navy Federal Credit Union is paying 3.93% on CD's until July 2022. If that rate were to continue, you will double any investment today at the longer end of your indicated holding period.
Quoted from Hench4Life:I'm a little more aggressive with my Roth than a CD, even at 4%. I returned over 60% last year, but that was mostly on the back of tesla, apple, google, and snap. Trying to expand my exposure past the 50 or so equities that I monitor regularly.
Gotcha. You said you weren't a trader. Your 60% return portfolio could be decimated in another five years or less.
Quoted from Isochronic_Frost:For those who keep asking “when do I sell” my plan is hold for 5-10 years, and then hold even longer. Buy stocks that will stick around for a long time. Buying oil and energy stocks, infrastructure and other stuff I believe in.
Most electric generators run off diesel. Electric trains, power plants? That stuff is powered by gas and oil
“Green energy” is such a dumb joke. It’s mostly feel good nonsense. Nuclear is the only true green fuel in the future anyway.
Solar panels are extremely toxic and only have a lifespan of 20-30 years. Windmills are also full of hazardous materials and barely produce any meaningful energy to offset their carbon footprint. Basically all that leaves is hydroelectric and nuclear.
Hydrogen baby!
I love my dividend payments from PNW, EXC and DTE. Just received a nice one today.
As for the hold for 5-10 year plan, I've held some for longer than that and have been taking advantage of the Covid market for the past year. Gonna hit the Collect button to buy a McMansion out West. Once I sell my current place after the final wire transfer for the new place, I'll buy some stock back. Also, gotta add a bunch of furniture, solar panels (25-30 year lifespan is fine for me) pool furnace, outdoor kitchen, California Clo$et$ and maybe a nice, new Rock-Ola bubbler. If I could only get MsBally to let me have the loft as a pin & slot room. I only get one bedroom and one bay of the insulated garage for toys. Plus I need to add an A/C unit to the garage....
Quoted from WeirPinball:Hope nobody jumped in when it was 40K+
Anyone that did won't admit it here.....
Quoted from phil-lee:Add Illinois to those murmurings.
New content will be choked off to encourage a return to exclusive new runs. As to what people will do look at North Dakota and Florida, those States are booming. Both have lax enforcement and are seeing people flood into their areas to enjoy normalcy.
Per WBBM Newsradio 780, restaurants and bars "that don't serve food but must partner up with a restaurant that will deliver food there" can reopen with 25% seating immediately.
Quoted from phil-lee:California is open.
But only outdoor dining (finally that has been restored versus sitting on a curb or in your car). Unfortunately it is raining in San Diego right now.
Quoted from Friengineer:Gme is wild! Up $150 then down to $88 all in the span of my 30 minute morning meeting. Wow
Stay far away from shit like this as an individual investor. The market makers are manipulating it like crazy.
Quoted from robertmee:He sold his massive 10 shares this morning just before the bell at 22.16. Kid made $155 in 12 hours....lol. I've created a monster.
Be sure to teach him that $155.00 he made was lost by someone as well. He will also have losing trades as well. He likely won't want to discuss those....
Quoted from jester523:So...how does this end?
With the SEC pulling in gains made with market manipulation and changing the rules.
Quoted from WeirPinball:just means if you own shares you cannot borrow on margin with those shares.
So it really means the broker expects it to collapse and those buying on margin will be so wiped out, the broker does not want to be left holding the steaming bag.
Quoted from KornFreak28:Any idea where NIO is headed? Starting to get worried
Things don't go up forever. Bank of America has it as a "buy" since last May.
They got that one right.
For a change.
Quoted from Barakawins1:What's the deal with NOK? Doesn't seem to be going anywhere. Am I missing something?
A thinly traded stock, that is being manipulated by children using reddit, is either a sound investment, or a disaster in the making for sure.
Quoted from Spyderturbo007:This should be illegal.
[quoted image]
Quoted from Zablon:This isn't about protecting 'us'. This is about protecting the rich.
If one of 'us' were in the position they are in, they'd say 'boohoo' you should learn to invest. See, those guys get bailouts. We don't. I wasn't in this, but I completely understand the reasoning behind it.
Quoted from SantaEatsCheese:On GME... I think some of the platforms are restricting the ability to buy more shares because they are concerned they may not be able to pay out all the money owed on the shares.
Quoted from Friengineer:Robinhoods dead. Mass Exodus after this. Restricting stock buying lol. GG.
Quoted from Gumby510:Ya screw then they canceled my Gme and my Nokia buy from last night. Wasn’t even a large amount either like 40$ I’m new to all this but it’s quite eye opening to see the open corruption.
Quoted from Methos:It's going up and up and with RH, we're on the outside looking in. BS.
Quoted from Spyderturbo007:I'm with you. Even if I lose the $3k I have tied up in GME and AMC, it's worth it to shine a light on this stuff. I had no idea it was so corrupted. Makes me scared for my 401K.
As I mentioned earlier:
https://pinside.com/pinball/forum/topic/stock-market-traders/page/149#post-6098429
Quoted from TKDalumni:They can sell 44m shares at the drop of a hat?? Doesn’t take time and paperwork to do that...
Probably Treasury Stock.
So back to stocks with a relation to pinball and slot machines; Bally's Corporation (BALY) announced yesterday that all of the Fox Sports branded networks will soon be branded Bally Sports. The familiar Bally logo will be on teevees across the nation.
I have been adding to my position after selling a bit for "general corporate purposes".
Bally Sports (resized).PNGRegions (resized).PNGBally Sports (resized).PNGBally Sports Arizona (resized).PNGQuoted from Isochronic_Frost:Does this Bally have anything to do with the slot machine manufacturer or no? Bally seems to have turned into GE and sold off a ton of their stuff.
Historically related by name. Spun off into several divisions years ago. Caesars Entertainment owned the rights to the Bally name on casinos with the exception of the Bally logo above being owned by Hilton Hotels and licensed by Bally Gaming (division of Scientific Games). Now also licensed to Bally's Corporation (Formerly Twin River Worldwide Holdings) along with the rights to use the name and logo on all casinos they own. Look for those to change names soon.
Bally's Corporation and Sinclair Sports Networks formed a partnership deal last November resulting in the iconic Bally name and Logo being used on the former Fox Sports network stations.
Inside of the Bally Gaming headquarters (branded Scientific Games) in Las Vegas, a model of the Bally Icon hangs on the wall as you eneter the office area.
T6uhhr5 y (resized).jpgQuoted from DBLM:Yep. Burn their asses!
Make them pay back the individual investors all losses due to trades being locked out. I take screenshots and photos of every blocked transaction. Fine them all remaining funds and strip those in charge of all their wealth. And then send them to prison for 30 years. Federal PMITA Prison....
Quoted from JodyG:This isn't the SEC. This is Citadel protecting Citadel, who Robinhood and others are tied to.
This is PROOF POSITIVE for me that Citadel is not behind this....
5874336567op-786w3res (resized).jpgQuoted from DBLM:Robin Hood just announced letting some limited buying on GME, AMC, etc tomorrow. WTF?
Limited to all friends and family.
Reminds me of the old J. C. Whitney auto part catalog listings: "Fits most cars (not yours).
Quoted from captainadam_21:Too bad they don't care to protect the millions addicted to actually gambling on the internet or casinos. Just when the average joe buying a stock on its way up
Gambling Problem? Call 1-800-Bets off.
Remember, it's only a problem if you're losing.....
Quoted from urbanledge:I know nothing about trading .
But if this doe go to zero then where does the money ?
To the people that got out first ?
Yes those that sell before it goes to zero win. Including insiders and their family trusts.
Quoted from Spyderturbo007:Can I just come to our house, sit in the corner of your office and learn about this trading stuff?
I'm literally terrible at it.
It all started for me when I saw that Bally (the real Bally, Bally Manufacturing Corporation) became listed on the New York Stock Exchange. I asked my Dad, "how can I buy stock in Bally"? He got his broker to send me a copy of the paperback book "How to buy stocks".
I recall the story began with an invention of a fishing pole and the growth of the company and how the stock was offered and shareholders made money. The book left out the part of insiders making massive amounts and market manipulation.
This was in 1975 or so. Broker was Merrill Lynch, Pierce Fenner & Smith.
Quoted from athenspin:[quoted image]
This is a problem that needs resolution.....
Quoted from ImNotNorm:Google/Apple have removed 100,000 1-star reviews on the RobinHood app page so far this week. Lol
Fair and balanced reviewing.
Quoted from loren3233:Facebook shut down the 'Robinhood Stock Traders' forum today. 157,000 members silenced for a short time, Unbelievable!!!
The powers that be.... Zark Muckerberg.
It's a private club and we're not invited....
Quoted from Spyderturbo007:Was this shit rigged 20 years ago as much as it is now? Or am I just older and see through the smoke and mirrors?
It wasn't so long ago when you had to "Dial for Dollars" on a touch-tone phone. Before that, a phone call to your broker.
October 16 and 19, 1987 were awful days on hold as Merrill wanted to Lynch me with margin calls.
I never touched options again. As a Dilbert book noted how stock options work: You give your broker money and he buys nice things for his family with it.
I am hoping I'm wrong on this, but I'm wondering if the SEC is going to somehow claw back all of the gains the individual investors made due to the WSB and reddit users influencing the market for these select stocks?
If so, it will be a major loss for the little guy making his few thousand to few million on this in a day.
Quoted from Zablon:I'm listening to the clubhouse interview between Elon and Vlad and this guy has not once apologized for what happened. He doesn't seem sympathetic at all, and sounds really scared and like he's hiding something. He could just be socially awkward, but again, he hasn't apologized at all. I think lawyer wise they probably told him if he does it admits wrongdoing.
As for the one that sounds like he's hiding something, which one are you talking aboot? Elon cannot speak very well on TSLA earnings calls. I sometimes want to take my money and run after he speaks. Big difference form his tweets.
Quoted from nwpinball:How much time have you spent in Portland? I stay there usually 2 or 3 times a year for the weekend. I love Portland, it's full of pinball bars, punks, hippies, strip clubs, cheap drinks, and more neighborhood restaurants, dive bars and independent businesses than most towns I've travelled too. I would think on a pinball forum you would judge a town more on it's killer pinball scene than on some short lived protest action in on small part of an awesome town. I guess if your only idea of Portland came from the mainstream media's coverage of a few hundred anarchists you might be right, but in reality it's an awesome town with one of the best pinball scenes in the world.
I used to travel to Portland several times a year calling on DTNA (Freightliner), Beall Trailers (now part of Wabash National) and Silver Eagle Manufacturing (maker of custom Dollies and trailers).
I am so glad I no longer need to travel there after the violence this past Summer. If I need to in the future, I'll stay in a hotel in Vancouver, Washington.
Quoted from nwpinball:Is anyone else getting the daily explanation emails from Robinhood? They are doing some serious damage control.
Not me. I use Merrill Lynch....
Quoted from Ericpinballfan:Feeling raped on that nakd stock. I knew it was a gamble.
The old line used to be "Always take investment advice from those you meet at taverns, casinos and strip clubs".
Now we've listened to children on social media and have risked thousands of dollars.......
Quoted from loneacer:How so? Buy $50 and it goes to $500, you made 10x your money.
You need to be able to sell at $500.00 .
If you put in a limit order to execute at $500.00 all it does is put your trade "in play". With volatile stocks like this, you could see your actual sell price to barely get a Benjamin per share.
I am not telling you how to invest or spend your money. That said, if I was you and did not understand what those terms mean; I would sell everything immediately and put the money in cash/government guaranteed fund that pays you about 1¢ for every $10k per month. I would then learn what those terms mean by talking on the telephone with a real, licensed broker.
If you need to, open an account with Fidelity or Merrill Lynch.
Quoted from Spyderturbo007:Either I did it wrong or I’m not allowed. [quoted image]
DENIED!
Ouch....
Quoted from Spyderturbo007:Are you talking to me?
Yes, I was. But Rai answered you in a better manner than I did. He also quoted you which I neglected to.
Years ago, when I wanted approval to trade options at Merrill Lynch, I had to sign several forms. One of them was an acknowledgement that I read and understood a 50 page document they sent me that outlined Options trading.
Good luck with your trading.
Quoted from Spyderturbo007:Thanks for the sarcastic ass response earlier but I’m old enough to establish my own level of risk.
I don’t need to sell everything and put it in a government backed bond earning $0.01, just because I don’t know the difference between Buy to Open and Sell to Close.
I have a financial advisor that handles the bulk of my retirement and investments. This is play money. So if I want to set it on fire in the front yard while dancing to the YMCA song, I’ll do just that.
I don't consider it sarcastic, but your welcome.
Quoted from phil-lee:Time for a stupid question?
Say I want to buy a Stock, can you still get those fancy Certificates like you see on movies?
Can you get any type of Certificate?
Keeping it pinball related, Here's a copy of one of mine from days gone by.
Note that American Banknote Company didn't use Christensen artwork. But representing Bally, the real Bally, there is some T & A and a bag full of coins.
20210204_222531 (resized).jpg786578876545576858jnk (resized).jpg
Quoted from BMore-Pinball:6+ straight days of huge gains ..... profit taking?
Exactly. I'm making selective sales as I need to wire transfer funds for a new home shortly.
Quoted from Hench4Life:https://www.cnbc.com/2021/02/08/carmakers-have-been-hit-hard-by-a-global-chip-shortage-heres-why-.html
Good read on semiconductor shortages
Funny how Texas Instruments is doing very well.
Quoted from PinJim:Anyone know why Cedar Fair (FUN) tanked after hours today? I own a small lot of it. Was hoping it’d recover post Covid, but it took a 19% drop after hours today.
It looks like one holder wanted to sell their 100 shares at martket value. Unfortunately, when there is no after-hours "market" they got a $9/share haircut.
Quoted from Ericpinballfan:I taking a bloodbath on Pfizer.
I'll try to help you out.
I bought a bunch in late November. Sold some in early January and then dumped the rest at the end of the month. At least I got a few cents more per share than I paid. I didn't even wait for the 39¢ dividend. Figured if I did, they'd postpone it citing some bullshit about distributing the vaccine or other nonsense. Dead money, a real disappointment for me.
There, now that word is out, it should hit $40 real soon. Good luck
Quoted from nwpinball:I had 50 shares at the beginning. They did a 2 way and 3 way split at some point fairly early on. Sold most to buy a new furnace and sold the rest at $450 because I thought that had to be a ATH. If I'd held it all along, it would be 300 shares, so by today's price $9,978,600.
Recheck your arithmetic, with 300 shares, you're off by a factor of ten.
Quoted from captainadam_21:What do we think about silver mining companies like AG and SILJ? Silver spot doesn't seem to actually reflect the price. For example 1 kilo of silver still costs $5 over spot which is extremely high.
I got burned pretty bad by MIM Holdings (Copper & Silver mining) recommended by Merrill Hunch a looong time ago. These silver mining companies seem to make only themselves rich. Better to buy the commodity. However, in the case of Silver, keep in mind what the Hunt Brothers did in early 1980.
Quoted from TRAMD:Here I am refreshing at 9:30 ET and...President's Day.
Don't bother checking your mailbox for Margin Calls either today.
Those were daily love letters in October, and November 1987....
Quoted from nwpinball:But, with wide vaccine distribution, do you think Americans will suddenly feel comfortable being around people again? Do you think they will come back to restaurants, theaters, theme parks and hotels in the numbers they used to?
This American already feels comfortable and has been doing all of these things since June even if I had to go to other states or on Tribal Land which has their own rules.
Quoted from SantaEatsCheese:Who is ready for there worst stock day ever. (<--- raises hand). Who will still be up for 2021 despite today's predicted bloodbath (<--- raises hand).
Day trading fund consists of:
CCIV
GNOG
PINS
SPCE
Good luck!
Ha! This is amateur hour. I got burned big-time on October 16 & 19, 1987. Think about it. No Internet. Just phone lies to brokerages. No cell phones for "Johnny Clock Punchers" like me.
Real brokerage firms. Only a few disCOuNt brokers back then. A fee each way on trades. Big fees in many cases.
Quoted from JodyG:I've been sitting out with almost entirely cash since Friday. Maybe I can get some deals while things are on sale this week.
I wonder how the Tesla flock us spinning the downward trend?
Hold the phone; "Tesla Joy" and "Elon's Brain" are tweeting responses....
Quoted from loneacer:Knowing TSLA, it will finish green today. ARK bought yesterday and I'd bet they buy more today with the big drop.
I think it's worth about 1/10 what the stock is at, but value doesn't matter with this one.
I'm quite happy I sold mine on Friday. I think it will be even lower at the close today. The TSLAmillionaires have no clue how markets work. Their "I will never sell" mentality that they boast proves it.
Quoted from JodyG:Looks like Oshkosh got the USPS contract. RIP to anyone still holding WKHS...down 50% on that news.
As I've said, not too many bright bulbs at that place.
Quoted from Hench4Life:I don't know about their commercial business, but Oshkosh defense is killing it on tactical vehicles. Will probably be hampered by current administrations defense budget, but might be a good long term look. That said, I've never researched their (or any other defense company) stock cause I can't own them
I was talking aboot WKHS. Oshkosh is a great Company.
In 1997, I was actually present at McNeilus (in Dodge Center, Minnesota) the day their acquisition was announced by Oshkosh Truck. Dennis McNeilus personally went out on the shop floor and assured all production employees that he was staying on to manage the business for at least two years and that unlike many corporation games, there would be no layoffs or other "synergy bullshit".
Quoted from Dkjimbo:I will not go back in on GME no matter what. I will not go back in on GME no matter what. I will not go back in on GME no matter what.
Just like I will never, EVER buy stock on margin again.
Quoted from Spyderturbo007:I already took my bath on GME and AMC. I’m not falling for that one again.
My losses (not really a loss unless I sell) on NOK, NAKD, VIR and AMC are under $500.00 on each. The big 3 cruise line stocks are now all way up for me negating the hype stock bullshit.
Bally (the New Bally-BALY) hit an all time high today. Hate to miss out on more gains there.
I'm quite happy I sold my Tesla last week. Going to buy a swimming pool furnace, outdoor kitchen and California Closet thing among some other stuff. Might pay off a car with .9% interest so I can just have liability coverage saving me quite a bit of cash.
That reminds me of the old fax machine pump-and-dump stock scams from 20 years ago.
Symbol: XYZ
Rating: STRONG BUY!
Quoted from hocuslocus:Have to say I'm happy I did a conservative play on WKHS, was hoping they'd get the contract. Damn you OSHKOSH!
Good companies (which require honest management) get large contracts. Incompetence gets what it deserves.
It is such a shame that annual shareholder meetings are all held virtually these days.
When held in person, it is so easy to read the faces of crooks, con-men and idiots.
Bally Gaming/Alliance Gaming had some terrible people at the top for awhile. Finally, a new group came in just prior to the Annual Meeting. I attended and could read their honesty. I went in big time and scored an 80-bagger.
Quoted from DadofTwins:I'm trying to figure out what to buy into. Thinking some more apple. There may be a sell off and a rotation into the re-opening stocks, but at some point, that will sell off and the money will go right back into growth. People are not buying that stuff for long term, it's just for quick profits imo.
Speaking of Apple, anyone else here feel like a sucker for buying it at $134.00 after the earnings announcement? Buy and hold, keep adding to the position and hold for ten years. Bull shit, some of us want to live now or in the short term.
Fortunately, I pulled out over half and put into cash over the past few weeks. The new environment the USA is in spells trouble for the stock market IMO. I have some in bond funds. Got out of Tesla around $800 for a huge profit. I made several wire transfers over the past few days for our new home out West with some of my gains.
Now I get to experience ridiculous moving costs. I decided it is not even worth moving the pins and slots upstairs with the Lectro-Truck into a Pod. Just gonna have Global Van Lines (Modern moving with old-fashioned care) haul them up into their moving vans. Yes, plural. Rep called me today and said I more than cubed out a 53' Kentucky Trailer super moving van so I get to use two.
Don't get sucked into the stock market. It's a zero sum gain and like someone else mentioned aboot casinos;
Everyone brags when they win big but nobody talks aboot how much they lose the majority of the time.
Quoted from Roostking:Well I'm really being punished for chasing PINS and PLTR. Hard to understand how companies that everyone loves, all the sudden turn to trash.
I'd say the professionals are pumping and dumping stocks. Look how after the recent drop of Tesla from $890 down to $740 some analysts and firms gave buy recommendations with targets over $1000/share. Now below $575.....
Quoted from kpg:I agree. TSLA is just a car company at the moment. I hear this "it's a tech company tho" argument and I think, how so?
What tech are they selling that accounts for their revenue and earnings? Do they license their autopilot technology for other cars? No. Other car mfgs have their own autopilot system. In fact the autopilot-like system in my wife's 2020 Audi S7 is more confidence inspiring (and imo better and smoother) than the Autopilot in my Tesla Model Y.
Tesla makes electric cars. That's cool. Pretty sure every other car manufacturer makes electric cars now to, or will be.
Tesla also does solar. Big deal. Solar companies are not tech companies, and neither is battery storage..in fact, prior to TSLA acquiring SolarCity, SolarCity was a money losing business and Solar + Battery sales do not even factor into TSLA's overall revenue stream.
The stock reacts off literally a single thing... How many CARS WERE DELIVERED. Period. That's their business model. Same as every other car company. They sell cars that have cool tech but they don't sell cool tech alone.
Until TSLA takes their OS and makes a Tesla Smartphone and actually makes money with something other than building cars, they are just an overpriced car company and the "it's a tech company" argument is just a falicy.
This is coming from a guy who has owned 3x Tesla's and love the products but at the end of the day... It's just a cool car company.
Members of the church of Elon Musk must be in session right now as they will pounce all over this. Tesla Joy, Teslarti, Elon's Brain etc are probably holding an emergency session to draft a response.
I am so glad I sold my TSLA on February 19th. I don't see all of the TSLA stock picking geniuses/braggarts posting much these days. A broken clock is right twice a day.....
Quoted from TRAMD:All of my kids decided to buy some RBLX and NTDOY this week.
With Nintendo, which pays a small dividend, be sure your kids (actually, you as Custodian) understand the tax implications of American Depository Receipts. I found out the hard way on Volkswagen many years ago
Quoted from pinheadpierre:Anybody else warming up the truck for a trip to the Apple store?
Why would anyone do that? We were told to BUY on February 3rd for $134.00. I'm down over 12% on that shit call. Wait, someone will say to "average down", to them I say FY. I want the money now, Not later.
Quoted from DBLM:Just curious, who said to buy then?
No need to start a civil war. Every investment decision is my own responsibility. I had funds available on that day, listened to what someone said {no names} and placed my bet.
Fortunately I'm in the John Goodman position from The Gambler so no worries....
Quoted from Oaken:Bet it all on green!
Well, half of your wager on 0 and the other half on 00, If either one hits, it's a 17.5 to 1 gain but then with taxes you'll owe, you may have to buy groceries at Aldi's if you retire....
Quoted from Oaken:42. The answer is 42.
Well then, no sense buying now. May be best to dump what I have and buy on the 42nd sale price....
Quoted from loneacer:Sell calls against your position. I bought 500 Apple 2-3 weeks ago. I've been selling calls on the pops and buying them back on the drops. My shares are down about $5000, but I've banked $4850 in gains on the calls so it's like I lowered my basis $10/share.
After getting burned big-time on Options in the '80's, I vowed never again.
AAPL is proving to be a ss (Shit Stock) at the moment with all of their press releases not helping the share price lately. But go ahead and keep buying while it's "on sale" and hold for ten years.
Some of us don't want to wait even ten months for a windfall...
I have no issue with short term gain tax rates as I like six to eight baggers.
Quoted from BMore-Pinball:Investing for a short term windfall is a good way to loose money in the long term
I bought AAPL in 2013 and have a 750% return and that doesn't include dividend payments - patience has paid well for me
The instantaneous reward mindset of today's investors will not end well for them when this market turns and drops 20%
I'm also ahead on long term investments including Rockwell Automation, Boeing and some utilities. I agree that there is money to be made or lost short term as well.....
Quoted from DBLM:Whelp, LULU is getting punished the day afterwards. Glad I did not add more and hope others did not as well. Like somebody said earlier, good tapes are just getting punished right now. Still love the company and holding.
So it's going on sale....
Quoted from Oaken:Will you accept 3 points?
Nope. Purchased at $134 per a P & D scheme...
Quoted from Zablon:If you're worried you are going to die that soon you should probably get out of the market now and live your life.
I'm not worried aboot dying soon. I am living my life well. I'm no longer interested in ten year buy and holds of new stock purchases. I have enough of those that pay me dividends. They help me live, by the way.
Quoted from loneacer:Did you sell your pump & dump scheme Apple now that it's back to your purchase price?
No, I held it. What a waste of assets for this time though.
Quoted from tacshose:Thanks for heads up. Bought more. Lots of positives with BALY.
This kind of dilution causes analysts and fund holders to go apeshit. Hopefully it settles down soon. We knew it was coming with the purchase prices of Montbleu and Tropicana. They aren't getting the same deals like they did for Bally's Atlantic City....
Quoted from BillP:Bally up 12% today.
Than goodness they backtracked on the "tangible equity units" "offering". I'm sure a lot of people called to discuss it.
Quoted from stubborngamer:Biden announced he might tax the wealthy as high as 43.4%.
If anyone needed more proof Biden will be bad for the stock market.
Announced in under 100 days........
Quoted from nwpinball:They are, most of them are vocal supporters of progressive taxation. I'm friends with quite a few Amazon developers (as well as Microsoft, Valve and other programmers and game developers) and they are very progressive millionaires.
Let me know how they feel about high taxes when they retire. Especially if thier high paying tech jobs disappear before they retire.
If I'm still alive that is...
Quoted from KornFreak28:PINS is going to $ 40
So you mean it's going on a bigger sale price.
We should all just Buy MORE as it's on SALE and just HOLD the bag.....
Quoted from WeirPinball:Agree completely just look at shipping costs, they never come down once they go up
The exception is that fuel surcharges do go away when fuel costs decline..
Quoted from TRAMD:I have about a third of my portfolio in QYLD, BXMT, EPD, XOM, WRE. These are all good dividend paying stocks and my experience with them has been pretty positive. My question to myself and to all of you is this: why not put ALL of my money in the highest dividend stocks? I'm just looking for some insight from those of you who have been doing this longer than my 3 (overall very bullish) years.
Because the Board of Directors of companies approve dividend payments quarterly/periodically. They can suspend dividend payments at any time. During the 2009 Recession, with share prices dropping like a rock, virtually no company continued paying dividends if their share price dropped by 30% or more. Their is no way they could justify high dividend yields with falling share prices.
Quoted from Deaconblooze:What were the good plays in 2008-2009?
I was buying and holding Boeing and Rockwell at that time. Also Did a lot of trading in WMS Industries and Bally Technologies (may have still been trading as Alliance Gaming at that time).
Quoted from BMore-Pinball:There were actually quite a few that maintained dividend payments during that time
During 2009, that was actually one of the criteria I used for picking stocks and they did quite well
I agree that there were some that did maintain their dividends. One of mine kept paying, but at 50% payment of prior level while all the rest eliminated theirs. When Ford dropped from $8 to $4, it was obvious that they would not double their dividend yield.
For this reason, I would not solely put my money into dividend paying stocks. Look at FirstEnergy (formerly Centerior and Toledo Edison) once a great dividend stock, now a clusterfcuk.
Quoted from SantaEatsCheese:I work in a federal government building in Maryland. When I came in today we were notified we could take off our masks if we were fully vaccinated. Tried to get a last minute weekend at a hotel of my choice in Ocean City this weekend, it was sold out. Take it for what its worth with the re-opening bid.
Casinos in LV no longer require them. All plexi/lexan partitions are being removed. Costco and Trader Joe's said no masks as long as you are fully vaccinated. No one asked me for proof.....
As of now, Reno casinos require employees to wear masks until June 1st. Guests do not have to if fully vaccinated. They cannot ask to see you Vax card as it would violate your medical privacy.
Quoted from nwpinball:This is regional, masks are still mandatory at Trader Joe's, Costco, etc. in my state. It doesn't change in my state until June 30th.
Agreed. I am talking about Nevada. So refreshing to not require masks or any social distancing stuff.
Quoted from Ericpinballfan:How come all the casino's stocks have been blah the past couple weeks? I own many.
Wife and I Booked vegas in July. Soon as I can come sadly. Looking forward to it and phof too.
Hard to believe, but stocks do not keep going up. Witness the almighty Tesla down over 35% from its high....
Quoted from DCFAN:Is the amazon purchase of MGM including the gambling side of MGM? I assume MGM stock will be converted to amazon stock eventually.
No. Only the movie studios and related assets
MGM Resorts International is a separate entity.
Quoted from BMore-Pinball:It's not manipulation at all, it's very smart on AMC's part
Their business has been significantly impacted by the virus and the stock is up way too high right now
Makes 100% sense to sell shares at this absurd valuation and raise more cash. Very smart move.
I agree with everything you mentioned. I have never heard of a filing to immediately issue and sell additional shares later the same day. Unless it is Treasury Stock shares.
Quoted from rai:Not sure how great legal drugs are for Portland, they’re out of control up there.
Quoted from nwpinball:Someone from Florida weighs in on how drugs are out of control in the opposite corner of the country... OK, how is pot out of control in Portland?
I'd strongly consider getting out of Portland now that the entire riot squad just resigned.
Just in time for the new Federal "juneteenth" holiday...
Quoted from Friengineer:You're making the assumption that the government doesn't like free money. Lol. That's the first thing government is tweaking. There was just a news story about a mileage tax or some dumb shit.
The problem with EV is the current electrical grid. There are companies working on fixing it, adding to the grid and improving it. The current electrical grid can barely handle the weather and our loads now.
Elon and his (unpaid) Army have it all figured out.
Quoted from vicjw66:I looked into solar panels for my home and all the companies I talked to seemed real shady. It was like talking to used car salesmen. Noone would give a straight answer on total costs. I would like to invest in green energy companies as it is the future of energy, but I don’t trust them.
The numbers don't box on solar panels for me in Las Vegas. My $300 electric bill is cheaper than buying or leasing them. The electric utilities have solar farms here. MGM Resorts has a private solar farm that provides a majority of their power.
Quoted from nwpinball:Your sister is at about the same technology level as my Dad!
Actually, she took that pic with her super-duper Apple phone. The flip phone is an emergency spare she keeps "just in case".
IMG_2704 (resized).jpgQuoted from Davidus56:You people weren’t around in 1987 or 2001 were you. Margin interest is at an all time high. DOW transports have topped. The dollar is high. The Nasdaq vs the 10 yr treasury yield is at an ominous high. This market is so toppy. It won’t take much to correct 30-40% and a 80% correction is a possibility.
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I got burned by Margin in '87. Merrill wanted to Lynch me. I vowed that I would never, ever buy stocks on margin again. I kept my vow.
For 2001, with the tech bubble, I worked for Rockwell International when they earlier spun off their Semiconductor Products Division (the designers and manufacturers of the Gottlieb Pinball system circuit boards & firmware). This made part of my 401k contain a Tech stock. Never did I see 100k come so fast, then go so fast....
During 2001, I knew a guy who had made millions investing. He started with nothing while working, then he hit it big so he quit his job and invested full-time. He used margin aggressively to grow his portfolio. He donated to charities and also bought an oceanfront vacation home. When the bubble burst, he lost everything over just a few months. He sold the paid-for vacation home but barely made a dent in his margin balance. Harris and TD Ameritrade liquidated his portfolio. His car was found near the Schuylkill River in Philadelphia in the Winter. His body came up once it warmed up.
Quoted from BMore-Pinball:I would never ever place a market order - Never!
always a limit order
In the '80's, it was place a phone call to your broker and place your order. Market orders got filled and you learned the price you just paid. Limit orders were entered and you got a call later (if you wanted) with the news or you got the bill with a surprise total. Don't forget the 45 cents for "postage & registration"....
Quoted from kvan99:Well Ice, at this point like robertmee said it’s not about fundamentals now, this is psychology taking over, namely fear. We all have different risk tolerances, including myself. I can’t risk the bulk of my portfolio on the whims of this market, I’d feel a lot better if I had a little less on the line till the Volatility dies down.
Agreed, some of us no longer care aboot "buy and hold" or "keep adding to" for the long-term.
Quoted from kvan99:The talk was about Biogen actually, they're charging 56k a yr for that drug and it barely does anything, the Cassava one was twice as effective clearing the neural pathways in the study, there is a third drug by yet another company that's even more effective but it's still in preliminary round.
Glen Campbell might have paid that amount. After all, he wasn't a Wichita Lineman.....
Quoted from kvan99:Big Tech earnings on the agenda today. Going higher or sell the news? Hmm... maybe the latter. Casinos are on sale here, easy 15% or more higher before the end of the year. Also put Uber on your radar, Delta variant may make it a cheap bet.
I'm always buying gambling stocks on sale. BALY, MCRI, SGMS, MGM and RRR. I even bought TSLA early yesterday just to jinx it. Even though they had spectacular earnings and revenue it tanked this morning. Of course the usual suspects raised their guidance on the stock.
Quoted from kvan99:The stock is down after hours, as is MS and FB....all crazy good numbers but they're called peak earnings.
Just keep on buying Apple for the long term! Buy and hold, never sell, eat Ramen dime packages so your kids can eat Kobe steaks when they inherit your shares.
Yeah, right....
Quoted from DBLM:APPL is definitely a stock that you can trade. It is very much a buy the rumor/sell the news stocks. If you track it long enough you can spot the patterns and trade around them.
I did the exact thing with Rockwell International, the real Rockwell, (ROK) pre internet days when employees were not restricted on personal share trading. Those were the days.....
Regarding PINS, the darling of Wall Street, just keep adding to your position. Buy and hold for the long term. Keep adding and add more while it's on sale.
How is that Gene Munster and Loup ventures $105 target from February 16th looking now?
Quoted from loneacer:I bought a 2018 Mustang new with incentives in 2018 for $23,500. I traded it in last month, with 44,000 miles on it, and got $24,500 trade-in. On the flip-side, I had to pay sticker price for the new one.... Some dealers are charging over MSRP for new cars.
Did you ask if the dealer would cut you a check for $24,500.00 for it if you did not buy another vehicle from them?
Quoted from rai:GE did a reverse split 1 for 8
That's always a good sign.....
Quoted from BMore-Pinball:I would rather be in MGM than LVS
And probably VICI in the near future. Once the lease payment terms for the MGM casinos are disclosed. Need to see the non-payment provisions if shutdowns occur again.
Quoted from vicjw66:Damn, nice move. You’re already up four thirds.
I see what you did there....
Are you guys actually worried about something bad happening on Sept 11th? Have you adjusted your portfolio every year for the past nineteen anniversaries of that horrific day?
If so, keep in mind it falls on a Saturday this year so make your changes by the 10th.....
Quoted from mbrave77:Oh pennystocks they are fun.
Especially thinly traded, illiquid ones. I only messed up one time on one of those in the early '80's, never again......
Quoted from Anubis330:I'm not the most stock savvy fella so I'm curious to what you think. In my industry the lack of employees has been a concern for the last 10-15yrs. It has gotten to the point where I can offer good wages, 10k in bonuses, $500 clothing allowance, health care, profit sharing (last year was %15) and a newly remodeled 2 bedroom apt rent and utility free and still no one to hire. Thus, I'm thinking about cashing out. I can put 6mil in the bank after taxes. I'm 45 and my house is paid for, I have zero debt and live in Ohio which is inexpensive compared to most of the country. What are your thoughts . Fyi, If I walk away I would prefer not to work any longer. What are your thoughts???
At 45, I would have clocked out with $3M, which I did not have then. If I were you, I'd sell the paid-4 house and take some of the excess and buy a nice place with a view unless you are very happy in Ohio.
I know I will not miss the snow, ice and severe storm threats ever again. 100,000 are without power after a rash of storms, including my old house, where I used to live in the Detroit area. Screw that.
Quoted from MrBally:At 45, I would have clocked out with $3M, which I did not have then. If I were you, I'd sell the paid-4 house and take some of the excess and buy a nice place with a view unless you are very happy in Ohio.
I know I will not miss the snow, ice and severe storm threats ever again. 100,000 are without power after a rash of storms, including my old house, where I used to live in the Detroit area. Screw that.
Edit: Now 700,000 are without power in SE Michigan. No more of that for me....
Quoted from barakawins:Anyone pick up PINS today?
Not me.
Quoted from BMore-Pinball:that's why i laugh when the fed says transitory inflation
some commodities will come down as well as car prices but increase in labor and other products is here to stay
everybody that wanted a $15 min wage got it
of course now $15 is min wage so you didn't gain any buying power
In Nevada:$9.75/hr. without medical benefits
$8.75/hr. with medical benefits. And that's no matter how shifty the benefits are.
Quoted from edward472:I used to clean toilets and flip burgers for $5.00/hr. I got a quarter raise and thought I was hot shit.
My first payroll-based job was as a porter in a hospital kitchen. $3.50/hr while Minimum was $2.65. In the beautiful City of Detroit. I also repaired pinball machines in homes at the time for about $15.00/hr.
Quoted from jonesjb:So I had over half a million margin call today... All because of 5 cents.
Sharing for the amusement of others...
-So i had 3 short put spreads on $AMZN expiring this past Friday.
-Strikes at $3,200.
-Amazon hovers around $3,200 but closes at $3199.95.
-Short in the money long, not.
-My spreads were pinned
-Turns out I'm getting assigned for 300 shares of $AMZN Saturday.
-I had to hold over the weekend, and my broker tells me to sell before noon Monday (otherwise they will).
-Amazon shoots up Monday, I'm very lucky. Rather than push my luck, I decide to sell right in the first half hour. I ended up making about an extra $5K on getting pinned (I sold all of them around ~$3,220, could have made an extra $15K if I held until later in the morning).
-It was a somewhat stressful weekend. Good thing Amazon is relatively stable.
-Won't make that mistake again.
There is a great example of why I will never, ever, ever, buy on Margin again. I learned my lesson starting on Black Monday, 1987 and it carried into January, 1988. I rescinded my Margin account right after that. Raised a family along with living life. As I've settled into semi-retirement and have set up new acCOuNts, I've skipped over the Margin agreements on every one. I've received calls stating that I must have "overlooked" that form. I then tell my story. It is pretty funny when the caller is someone who was not even born in 1987. They really believe that the market is going to keep going up. Totally clueless.....
Quoted from NicoVolta:Zevia is still an emerging growth company. Fundamentals are not the story right now. 32% annualized growth, retail sales, online sales through Amazon, same store sales, and retail carriers all up over the past 14 years consecutively.
This jibes with the overall trend of Gen Z wanting healthier options, as well as a bit of fun & increasing share of stevia products in general.
On trend and growing. Still way early… this ain’t no day trade for me.
I've lost my ass on ZVIA over the past few weeks. Fortunately, I got in on the IPO of Dutch Bros. (BROS) and have more than made up for the ppp of ZVIA. May just sell at a loss and buy more BROS.
The car and walk up lines at virtually every Dutch Bros. in Las Vegas are like Chick-Fil-A.
Quoted from NicoVolta:Agree. Not worried. The September slump will work its way through. My portfolio horizon is measured in years anyway, so fall another 10-20% for all I care.
It’s all paper gains until you cash out. Enjoy your life in the meantime, aye?
MrBally’s BROS pick is strongly resisting the tide today. He mentioned seeing “Chick-Fil-A” crowds at their walkup and drive-through locations… and that’s the kind of investment choices I like to hear about. Basically things an ordinary person can see, understand, buy, and get behind.
I don’t have any Dutch Bros. in my area so I have no idea how popular or tasty their product is. But sometimes seeing is believing!
(cuts both ways of course… we saw Krispy Kreme make an observable meteoric rise in the early 2000’s but eventually boiled over unlike Starbucks which has done extremely well over the years)
I saw my 1st Dutch Bros when my son moved to Reno 2 1/2 years ago. Always packed at the drive thru and walk-up window. Now there are three in Reno with a fourth on the way. Now that I've moved to Vegas, there are 17 locations open with another under construction. Again, always a line at the drive thru's.
Reminds me of the Apple Store crowds. Who knows if/when Dutch Bros. tries to get airport locations like Starbucks & Caribou?
Quoted from Pdxmonkey:Have a bunch here…most are very crowded. One by the mall has a super long line all the time. Usually younger ppl both working and buying. Very loyal fan base. They specialize in very sweet expensive coffee drinks. Personally I never go but I’m a simple black coffee drinker.
I get the Americana (plain coffee, have to specify hot) when I'm out in the mornings. Otherwise on the typical hot Vegas day or evening it's an Iced tea (black or green available) Shark Attack with a shot of Rebel added for me.
Check their menu out online or the app.
Talked to BROS employees the past three days (They are not baristas, they are known as "Mafia members") at three different Las Vegas area locations. All were given the opportunity to buy a small number of shares at the IPO price and are happy they did. Oregon Live ran an article today aboot the IPO and how only the brokerages, institutional investors and Insiders (including store employees) were the only ones able to get in at the IPO floor price. I kept getting locked out on day one with any limit order I entered. I would not buy "at Market" as I knew the price would spring up by a huge amount.
I'm quite happy and have held my ZVIA shares for now.
Quoted from Oaken:Been burned enough times now that if I can’t get in on the ground floor, it’s usually a good idea to wait until after lockup.
BROS has run so far so fast…hard pass for me until 1) lockup 2) price drops 3) it grows into its price
Only one I ever got in at the Ground floor was when Bally, the real Bally; Bally Manufacturing Corporation (NYSE: BLY) announced their entry into the Casino-Hotel business and formed Bally's Park Place Inc. in 1977. They made an offering of PARK shares and allowed Bally shareholders to buy one share for every two BLY shares they held. You had to send a check with the subscription form.
Bally also allowed you to offer to buy a 3rd share for every share you held with an "over subscription" offering. If all shareholders did not subscribe to the first offering, others could then buy those shares. A 2nd individual check was required and had to be sent with the other check.
I remember receiving that 2nd check back from Bally uncashed as all shareholders bought shares from the primary offer.
Quoted from NicoVolta:Very, very likely will be zero due to how high the following six-month inflation rate is. Still, nearly 4% guaranteed free of state tax isn’t too shabby for an 11-month piggy bank.
No advantage for those in no state income ta
Quoted from edward472:Check VICI
Be aware that they are merging with MGM Growth Properties. The debt levels could affect the surviving entity share price.
Quoted from kvan99:Finally my aviation dogs are coming alive...GE is up almost 4 bucks, I bet it will go up more tomorrow when more hedgies digest the numbers. Now only if Boeing follows suit....Culp is a Rockstar, Calhoun is definitely not!
Bailed on Boeing yesterday at $212 for a small loss. Fortunately, I missed today's drop. Got sick of it being dead money. I still have shares in a 401K that I received when Rockwell sold their aerospace division to Boeing.
Quoted from Zablon:I finally stopped out on F today at ~60% profit + divs for 5 years. I will look at re-entry if they ever reinstate the dividend. I don't believe it will go much higher than its 52 week any time soon. Kind of wish it had happened a few days ago before Teslas announcement.
I'm Curious, why you didn't wait for their earnings call tomorrow? Of course, it could plummet so getting out now wouldn't be bad. I'm up 11% and was thinking of selling yesterday but decided to wait for the earnings release....
Quoted from kvan99:I don't think Ford is going higher anytime soon...not with the chip shortage anyway.
But Boeing, Arrrggh! The team that can't never win. These levels are just too cheap to pass up. I sold some winners lately and bought more of this dog. I now have 1400 share of this POS. Long term I can easily see this at 300 tho. It's a duopoly industry for crissakes. They have to get rid of Calhoun though. He's in over his head and just can't fix the issues...I've never seen a less able guy head a company this big and important. Reminds me of the guy who took Chrysler private..wow!
It ran pretty good under Condit and Stonecipher. Until Stonecipher's affair got out. Holy shit, he looked like a nice grandfather figure too. What a scum....
Quoted from Zablon:Well, it was more of a decision to move some money around. I had decided to put a 6% stop on it when it went to the high. I knew it would pull back at least some, but historically it just keeps going down once it hits those highs. If it hadn't hit I would still be in, but it kept trending down. As I think it's hit a wall for the time being and it isn't paying divs, there are better places I can put my money. I don't see the earnings making a positive difference tomorrow, but who knows since I got out, I'll probably be wrong
I'm hoping my bailing out of Boeing helps kvan99....
Quoted from kvan99:Goog...what a headfake after the earnings...it looked like it was going to sell off, I didn't understand it, the earnings were pretty good to me. I'm so happy I didn't dump it last night, Goog is up 64 bucks this morning. I'm going to sell half later today...the Apple privacy stuff is still a big unknown.
Option Alert Najarian mentioned Marathon Petroleum MPC, someone bought 20000 contracts, one month out....that's 2 mill shares.
Marathon, An American Company serving America. Watching their barges being tugged along the Ohio River is an awesome sight....
Quoted from Zablon:Fact. You weren't paying it last year because no one was driving and prices were lowest they had been in years. I was paying .99 cents a gallon, but nowhere to go so didn't need gas. what you are seeing is the same as everything else in the world, prices going up due to demand. Gas prices themselves are so flighty to begin with. Someone sneezes and they go up because they are paid in advance and gas stations try to predict what it is going to cost them the next time they need to top off.
One year ago, I paid $2.229 in Las Vegas for gas. It was below a buck in Detroit in late April / early May 2020. Today in Las Vegas, Regular is $3.65-$3.95 with the exception of "wait 30 minutes to save two bucks" at Costco. No thanks...
Quoted from Zablon:Don't have any costco's around me so I"m not aware of that deal...what's the point of that?
Costco is usually 10 to 15 cents a gallon lower than the lowest priced stations in the area they are located. Lines are usually very long. So you save a buck or two per fill-up.
But my time is worth more than that so I go to Arco, Sinclair or Chevron.....
Quoted from Friengineer:There are two tech like companies who have made automatic jerk off machines that sync with your favorite videos. That tech plus VR will only get better.
Don't ask me how I know this just assume the worst!
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What are the stock ticker symbols of these two "tech-like companies" or, are they private? Did any of the Shark Tank investors back them?
Quoted from Friengineer:They weren't publicly traded at the time I was reading about them, a few months ago. I was bummed too.
Like Sam Kinison said 30 years ago, you know there's a team of inventors working on it. When they get it right, they'll all be multi-millionaires....
Quoted from Zablon:I haven't been in Tesla for some time, with all that's happening any thoughts on when might be a good time to get in? I assume it is going to dive more in the near future given the splits and Elons 'promise' to sell.
Always invest in companies where the top guy (here, the "TechnoKing" and COO) asks his Twitter followers to "vote" if he should sell a large amount of shares.
Disclosure: I trade TSLA and have some. These antics are making me rethink keeping very much.
Quoted from rai:I have a few shares from a few weeks back.
You bought mine that I sold. I got sick of it being dead money.
Quoted from kvan99:I felt the same as you but you have to admit however slow as molasses the issues are getting straightened out. As long as more positive news instead of negative news comes out this lethargic behemoth will slowly trudge it's way back toward 300.
https://www.reuters.com/business/aerospace-defense/china-satisfied-with-boeing-737-max-changes-seeks-industry-feedback-document-2021-11-14/
It is a good Company. Some of us Rockwell retirees get Boeing pensions and some get Rockwell Collins pensions. Determined by our start date with the Company.....
The Company should provide you with detailed basis information if you were reinvesting dividends. If not, they should provide a formula that you can use to calculate it.
Call the transfer agent for details. If they can't answer you immediately, they will get the info to you in a few days.
I went through this when Rockwell broke up into five separate Companies. Some were spin-offs so tax-free until you sold and some were sold to other companies and you got proceeds that you paid tax on that tax year.
GE shareholders are going to deal with this soon.....
Quoted from pinball2020:If history is any indicator (and as always do your own due diligence ), this is par for the course for an American Thanksgiving week. Sometimes Mondays lately have done well, Tuesday and maybe tomorrow may tank with resurgence on Fridays because of the holiday week. I could be wrong.
I was just going to post this. For active traders, the short week of Thanksgiving is usually down for most portfolios. Black Friday is a shortened day and is very slow. Usually more sellers so bargains can be had. Alas, I don't even bother making any buys with the exception of maybe a new vehicle, if I've had a good year....
If anyone has Red Rock Resorts (Station Casinos) shares, they are paying a special $3.00/share dividend for all shares at COB today, Nov. 23rd. Plus, they are offering to buy back shares at up to $53/share.
I received the notice in snail mail today, after the market closed. Which it does at 1pm out here....
Quoted from loneacer:I said last year I'd never use telemedicine and that hasn't changed. Sounds like there's no continuity of care and you just get the next doctor in the queue when it's your turn. I'm sure it's great for quick prescriptions if you have the sniffles or something, but most people want a doctor that they know and trust and have used for years. That said, it should be higher post-pandemic than pre-pandemic right?
It was perfect when my wife & I were 250 miles from home on a weekend awhile back. Made the call with $25.00 co-pay and the Doctor video called us a few minutes later. He prescribed a med and sent the Script 10 miles up the highway. We exited the Interstate and picked it up. BAM! Problem resolved with drugs.....
Quoted from kvan99:People lost money here because they don't do any due diligence....PINS is 32 bucks now, and it will go below 30 soon.
Be disciplined, keep buying and adding to your PINS portfolio.....
LLLLLLLLLLmfao!!!!
But "he" is away on a cruise right now; On the 1 1/2% he takes from those he manages......
Quoted from iceman44:Here you go smart ass. You and big baller Kvan. And btw I charge 80 basis points. That’s .80 for the math challenged. Top rate. AND that includes estate planning, wills and trusts, LLCs and tax planning as a CPA as well. Check my ADV. lol
And my clients f ing love me! Over 1900 accounts and $1.1 billion aum. So think on that one.
Just for YOU TWO haters and the other shit talkers here. Next time pay attention and make some $$$. Everybody else? I love you and carry on.
Post em up Big ballers!!!
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Are those 80 points you charge monthly or an annual rate?
Are we now playing a portfolio, Hawaii vacation and Cruise measuring CONtest? I can post pictures of the Kona Beach estate where I was a few months ago that my family rented for a week. We rented the entire oceanfront compound which has six Bungalows.
As for cruises, my wife and I have had one booked for a long time which kept being pushed out due to the pandemic. We should be going soon. I'm surprised you don't use a private yacht like those on the three Below Deck teevee series.
When I go on my "Chevrolet" cruise, I'll have an Ultra to toast the billions you manage.
I will give you full credit for a job well done with your AAPL recommendation. I bought last February at $134.10 and was so pissed that it basically did nothing for eight months. I'm so glad I didn't sell even though I almost did. Going up $38.00/ share is nice. I won't talk aboot PINS but needless to say, I did not buy any.
As for the portfolio that I manage (six accounts) the sole client loves me. Enjoy your vacations, life's too short to harp on silly things like investments. Our lives could end on a moment's notice.
Quoted from BMore-Pinball:Surprised the passed on teaming up with Zevia
https://www.cnbc.com/2022/01/06/coca-cola-and-constellation-brands-team-up-to-create-alcoholic-fresca-cocktails.html
Screenshot_20220107-123356_Samsung Internet (resized).jpgQuoted from NicoVolta:Financial management is confusing for most people. When people are confused, they turn to their peers for advice. Is talking bad?
jwilson isn't wrong for pointing out the failure of the crowd favorites here. In fact, the very first topic in this thread was about shorting "the oversold DIJA", which, as you can see today, would have been a rather disastrous strategy if followed. Similarly, Tesla was dismissed as a ponzi scheme, etc. I would think a person's track record should be a factor if their credentials are staked upon past results, no? Who is doing the research? Who is cheerleading? Who is only curious?
Sure, doing the fundamentals is important, but too much tunnel vision can also lead down a dead-end. A friend of mine bought crypto for pennies on the dollar and cashed out big. Mostly because of talking in online forums, not sticking his nose in corporate annual statements and spreadsheets. In fact, most of the time, the big new opportunities are well off the radar before they gain serious momentum.
Research is essential, but discussion is also a part of it. Yes, sometimes even in pinball forums.
I received sound investing advice from patrons of casinos (playing penny slots at minimum bets), taverns and Strip Bars. Also pinball message boards and the almost defunct Newsnet groups. Gold and Silver baby!
Quoted from nwpinball:Are you saying you would invest in it when it works like a practical currency? What other currencies do you invest in? I can't see stockpiling Yen or Euros as a very good investment. Gold maybe, it's much more akin to bitcoin as a store of wealth. My investments include stocks, property, gold and crypto and they are all speculative plays to some degree. Isn't that how you make money investing? By taking risks to invest in things that you think will go up in value over time, but always have the possibility to lose value?
Aren't the Sacagawea "Gold Dollars" just like investing in Gold?
Quoted from kvan99:craptastic action today....I bought NVDA and added to Paypal for cost averaging. I took an additional trade position on BA. This is just overdone, they're throwing out the good stock with the Arkk stuff.
All of these are trade positions for me, with the exception of BA.
I sure hope Boeing works out for you. It's been a big disappointment for me.
Quoted from DadofTwins:Boeing just went from like $189/share to $229/share in a few weeks? How is it disappointing? It's coming back down again and it's time to buy some more.
Here's how: I bought 500 shares last February for $210.00 it rose but I figured what could possibly go wrong? The 737 MAX problems are behind us etc. In October, I couldn't stand to see them holding $105K of mine for all this time with no gain to realize so I sold it for aboot $213.00, Big deal. I made way more on a few shares of Tesla every month.........
Quoted from kvan99:What a circus this market has become....wtf!
Cash..cash..cash. only safe ave
I put 70% of my stocks into Ca$h last week....
Quoted from NicoVolta:Same here except for goofy ol’ Zeev which has been on a tear since Jan 1… although still below IPO price.
Seems more correlated with the VIX than not. Every down day for stocks it goes up, and many up days it is flat or falls. Bizarre.
[quoted image]
[quoted image]
Nic, congrats and great that ZVIA is doing well for you. I just gotta say on the BROS stock, there have been several $8-10 swings on it providing opportunities for some nice, fat profits.
As for BALY, the Chairman has shown to be "not so up front" to creating shareholder value with his money fund offering to buy the outstanding shares after the price drop. I'm not happy with that.
Good luck to all.
Quoted from rai:How bout never. They could’ve bought Tesla years ago would have made sense at tens of billions valuation not at a nearly trillion dollar valuation. Tesla is not worth a trillion dollars, they don’t have a moat every car manufacturer will be selling EV soon. .
Apple would buy Tesla for their four completed EV production plants once they are running. That is IF they are running.
Quoted from Friengineer:St Patty's day? How about tomorrow? Russia has half the country already.
Maybe St. Patty's Day is celebrated on February 25th in Russia?
Quoted from kvan99:Well...did you check with Tom Lee before you wrote that? Oil is at 123, how much upside is there vs beaten down tech that's down 50%? Also the Iran deal is already done...wait 24-48 hours, +1.2 mill bpd will have an effect. So will the German announcement about their nuclear plant decommissioning being put off. What else maybe Venezuela's sanctions not being enforced...we'll see.
PS: I'm up 55% on Exxon so I can afford to move that money elsewhere.
BTW, Palantir is looking like a buy at 10 bucks,.I might pick up some
SPR= Strategic Petroleum Reserve.....which by the way Biden Admin said is going to be released.
[quoted image]
XOM to at least $90.00
Quoted from kvan99:Netflix....WTF! Down 25% after hours.
They lost 200,000 subscribers. "Experts" had them gaining 1.9M subscribers.
Quoted from kool1:You are right but the vast majority of revenue comes from online sales.
They should split the two side of this company up but I doubt that will happen anytime soon, especially with the market as it is.
Need to use corporatespeak:
"Unlock the true value of our corporate assets for our shareholders"....
Quoted from WeirPinball:Agree - will be interesting to watch the end of week, nobody likes to take risks over the weekend when the market is closed.
Early close tomorrow too, IIRC......
Quoted from BRONX:jonesjb good point.....
In my opinion, in theory inflation should get alot worse and last for the most part a complete generation or more(18yrs+++) reason being there's a ton of youths and young adults coming into the market place(millennial and generation x or z's) that have started life later than any other generations they are buying there first homes in there 30s and 40s and starting families later than usual. So for the next decade there will be a larger demand buying up insane amount if goods. This generation will be replacing the baby boomers in which as of right now are watching there money and are not spending as they use too. The newer generation also have no problem overpaying for goods, like to be gauged, and severely ripped-off just look at the housing market for example? These retards are overpaying and going way over asking, lol.... baby boomers and prior generations never done any if that..... when baby boomers took over the economic cycle in the 70s and 80s same sort of thing happened, higher inflation for the most part of the decade. History repeats its self.... more and more useless printed $$$ from The fed, and more amd more crazy milleanials armed with useless $$$ fighting each other to get these goods....
They're not [the "r word"] as you called them. They just need shelter now at this point in their lives. The home prices are the going or market prices. They need homes then, not a year or two later when prices could drop.
Quoted from BRONX:I remember as a youth going with my father, looking at the same car or tool like 10x before he purchased using real cash.
^^^^^^^^^^^^^^^^^^^^
THIS RIGHT HERE. I remember it for good power tools (Rockwell Porter-Cable) and cars. Quite easy to do with cars in Detroit as there were a dozen dealers for each brand.
I still go twice for vehicles.
Quoted from SantaEatsCheese:Foreign exchange is nuts too. Euro is at parity with the dollar again. When I moved from Japan 10 years ago it was 75 yen to the dollar. As a general rule, looking around town things that cost about $1 cost 100 Yen so that was a huge hinderance to taking the family out. This morning it is 143 yen to the dollar. Stuff like that makes exporting hard and adds up.
Does this mean the Japanese auto manufacturers will be lowering their prices in the USA?
Quoted from WeirPinball:no doubt - it's on death row already
Quoted from iceman44:BOA has downgraded Carvana from "buy" to "neutral" today.
Citing "cash burn and liquidity issues".
The joke of the day.
Or could it be a "Bash and Buy"? Never trust those crooks at BoA...
Quoted from Ericpinballfan:How low can tesla go? Amazon, Google...
I have always hated stock splits for this reason.
Apple dips to 125 I'm in for 100. Definitely upside down the road.
Historically, any stock split on a popular stock other than a 2 for 1, always ends in a disaster. Look at Tesla. I can see it below $50.00 soon enough with any bad news such as a DOT order to disable the FSD and AP options.
Years ago when Bally was firing on all cylinders with pins, videos and slots, they did a 2 for 1 split. Within weeks the stock was back up to the pre-split price. Bally did another 2 for 1 split. The stock shot up even higher. It was a great time. If they would have done a 3 for 1 split at first, no way would the share price have gone up like that.
Quoted from kvan99:Wow Tesla is going down for real...might see low 90s or high 80s. I want to play it but this stock is wildly unpredictable
If certain funds start dumping it, look for it to drop far below those figures.
But have no fear, the Musketeers will have a list of reasons telling everyone to buy more .......
Quoted from Zablon:So things might still be going up. My wife's work (credit union) has a deal going for 6% for 12 months (locked).
Is that unlimited or a promo for up to a small amount like $1 to $5K?
Quoted from WeirPinball:You know things are bad when one up day is called a "rally"
I believe the term is "sucker's rally".....
Quoted from SantaEatsCheese:February 1 update: My $250000 ultra risky (monopoly money) 2023 play has almost doubled and is worth 446,106
On a personal note just bought (a little) ROK, MKTX, and ODFL.
I'm ALMOST even from last years losses.[quoted image]
Love my ROK pension and dividend checks....
Quoted from BMore-Pinball:When did this thread turn into a dick measuring contest?
It was a good move if it was your only Tesla trade or if you held earlier and sold it all above $200 and then bought around $110. Which few, if any Musketeers did.
Quoted from iceman44:RCL cruising
Finally! I've held that crap for awhile....
Quoted from usandthem:$6.49 for a Hot and Ready at Little Caesars now. Going up 50 cents every 6 months. One silly example, yes. But I could give more. What chance do you guys think that we end up with a period of stagflation where inflation continues to escalate at the same time the economy declines? I'm going with chances are increasing daily. Government has gone from the invisible hand to Thor's hammer. Whenever they act, they have to counteract to try to undo the damage, which creates more damage. Big problem, I think. And this is bailouts for the very rich as well as too many freebies beyond basic sustenance for the poor, thus resulting in demand still being way too high.
Still only $5.99 here where everything is usually higher than my old Canton stomping ground. The Little Caesars on Ford & Lilley was my default location when I lived there...
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Paradise, NV