(Topic ID: 175889)

Stock Market Traders?

By kpg

7 years ago


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Post #5101 Roth conversion advice. Posted by iceman44 (3 years ago)

Post #19981 How To Read US Debt Clock Posted by pinnyheadhead (4 months ago)


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#1093 5 years ago

Buy, buy, buy.

I've been waiting for opportunities like this.

1 year later
#1503 4 years ago
Quoted from Zablon:

An interesting perspective, at least to me is that, I was completely unaware of the 2008 crash until many years later, it simply did not impact me in any way and I don't tend to watch the news back then. At that time in my life I was doing better than any other time in my life, and it's only been up from there. Being completely unaware I wasn't worried about anything.
The big difference then to now is I didn't have anything in the market (other than some 401k). Today, I'm still at the top of my life game, but with more consideration to retirement years and a lot more 401k and additional market play, I'm watching this much more and I simply don't know exactly how to respond to it - or when to decide the 'issue' is over.

I rarely post in this type of thread and should probably refrain here as well, but -

I’ve had the same two advisors/brokers for the last 33 years. We have certainly had some dogs, but overall it’s been a healthy run. On their recommendations, this past Friday we made a few individual stock purchases from the tech and energy sectors. Based upon unemployment, the bond market, rates and what is known/unknown about the virus, they told me it was a good time to buy and that we should realize positive results by September which is very short term in my world. And reading Tim Cook’s comments didn’t hurt.

I remember 2008 very well. After overcoming a bit of numbness, I used it as a tremendous buying opportunity which, fortunately, paid off. I’m probably a bit aggressive, but I knew I hired a couple of very smart people with a track record of generating wealth. I listen to their advice and make my own decision. I don’t know your age, but if I was a younger man I would be very aggressive right now.

Good luck and I hope you do exceedingly well.

#1546 4 years ago
Quoted from Zablon:

It's so hard to say, one analyst says we're fine, another says we haven't even begun to see the downside. I'm giving it some more time. I work too hard for my money to let someone elses emotions wipe it out in a minute.

I’ve worked as hard as anyone for what I have. Unfortunately, you’re rarely going to see a consensus, but you really need to find an advisor or publication you believe in. I’m still with Dan Ives on Apple.

Over the past 7 days, I never thought I would see, what I perceive as, opportunities, but I’m in this for the next 5-10 years. Like Rai said, no matter what happens over the next few days, weeks, months, I now have more equity in the companies I like which is my priority at the moment.

#1550 4 years ago
Quoted from DBLM:

This is a trading market. You need to be very nimble on what is going on. Apple at 260 was a gift. If you are buying now, trailing stops are your friend.

I believe Apple is a $400 stock in 12-18 months so I agree that this was a gift.

#1557 4 years ago
Quoted from Zablon:

I know I'm in the minority around here, but I have no interest in Apple.

I’m only interested in what has the potential to make me a lot of money.

#1559 4 years ago
Quoted from rai:

most people (myself for one) are interested in stocks for the long haul as in Decades (multiple decades) and these prices are going to seem very low in 20-30 years time.

I’m hoping I actually see 3 decades out, but I’m with you.

#1565 4 years ago
Quoted from Zablon:

So you don't care what companies do to get that money?

What nefarious behavior are these companies participating that should give me pause?

#1570 4 years ago

Also, Woz says he's Patient Zero for the Corona-virus in the US.(He's only joking

#1573 4 years ago
Quoted from rai:

I'm not goin g to belabor the point. Evidence points to "time in the market" not "timing" the market. The article I posted above point out why you can't time the market, it shows if you had you money fully invested all time vs if you had somehow missed 5 of the biggest up days in the market which some people did if they jumped out of the market. Also most people don't jump out before the stocks go down, they want to ride the wave up but are never sure until we have a correction like 10% down. If they jumped out every time there was a 1-2% down day there would be a lot of jumping in and out.
Anyway you all can do what you want, but the expert advice is to not try to time the market and you will be better off.
There is an article about a person who only bought stocks at the worst possible times in other words at the peaks before the dot com, at the peaks before the great recession, before the crash of 87 (In other words he put money in at the higher points of bubbles) and he still came out positive. So I'm never worried if I put money in the market today or next year or anytime that I'm getting in at the wrong time.
https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/

I’m not sure how anyone could be arguing with you.

#1578 4 years ago

Love, love, loving my gold today.

#1580 4 years ago
Quoted from cait001:

under what general conditions do people ever look to sell their gold holdings?

I’ve been adding to that portfolio since 1990 and have never sold. It will probably go to my children intact.

The only time I see folks selling gold is when prices are historically high and they need cash to buy or invest in something else.

#1589 4 years ago
Quoted from BMore-Pinball:

Best stocks i ever bought were purchased at the end of 2008 - beginning of 2009 when the market was in complete panic
I ought quality companies with 4-6% dividend payments
Collected the dividends while i waited for the market to work out
Most of those stocks ended up being 300% gains
this week feels very similar to 08/09

The feel is similar, but the underlying factors are obviously very different. I like what Larry Kudlow said earlier this AM when speaking with Stuart Varney.

I do think this is a great time to jump in and probably a better time than 2008 due to the strong economic numbers.

#1595 4 years ago

You’ve got to be buying oil.

1 week later
-3
#1967 4 years ago
Quoted from DBLM:

Stock market spiked 1200 points during the speech to close at a 1985 point gain. No nonsense here.

Well, when you rely on The Atlantic for your news.......

#1970 4 years ago
Quoted from BoJo:

It was enjoyable being behind a few days and having to catch up reading everyone's predictions. So much for Friday being another down day but I guess you got a 50/50 chance off being right.

Just got back from the Corvette museum with my dad. I sure missed a lot.

#1987 4 years ago
Quoted from wolfemaaan:

Sounds like you lost your ass in the market. Well guess you can always sell that LW3 for $1K?

You give new meaning to the term pin head.

24
#2014 4 years ago

My company employs 63 full timers. Twenty-eight of these employees own shares in the company.

My partner and I decided to close our offices for 10 business days, beginning tomorrow, while continuing to provide paychecks to all full time employees. This week all employees are off to tend to family obligations. We will all be telecommuting the following week. Due to this most recent rate cut, we will be taking out a loan which will be used to pay out our end of year bonuses, in full, on April 1 as opposed to December 15. It will also be used to pay health care deductibles for all of our full time employees through the end of June. My buddy who runs one of the largest GM and Toyota dealers in NY and NJ is doing something very similar.

Now we are hardly the titans of industry, but we are trying to do right by the folks who do right by us. So to answer your first question, yes, this rate cut will be helping people who are not members of the “upper class.” Maybe ease up on the negativity, just a little bit.

#2021 4 years ago
Quoted from Zablon:

It was a legitimate question. Perhaps do the same? That being said, I don't see a company of 63 being in the 'upper class' that I was referring to, so it is good to hear you think it will help you and others.

Are you very young? I wish I was.

#2024 4 years ago
Quoted from Zablon:

I'm in the middle. Also, I wasn't intending any insult about the size of your company. I was differentiating between the well off and super well off. I'm well off myself.

I wasn’t insulted at all.

1 week later
#2765 4 years ago

From Barron’s -

Investors are looking ahead to Friday, when Congress is expected to vote on a $2 trillion economic relief bill. Much of the market’s rally this week has been attributed to the bill’s progress. The bill is expected to pass, though bipartisan hopes to do so as quickly as possible could be slowed down by a rogue lawmaker, according to The Washington Post.

The Dow rose 6.4%, while the S&P 500 index was up 6.2% on Thursday. The Dow, up 17.6% this week, is on pace for its best week since August 1932. S&P 500, up 14%, is on track for its best week since October 1974.

“You could almost smell the burning shorts on Wall Street today, but as credit spreads remain wide, one has to wonder how much ‘real’ buying is behind this week moves, besides the bailout-induced short-covering,” Gorilla Trades strategist Ken Berman wrote, referring to investors that sell borrowed shares to bet on a stock’s price decline.

It hasn’t been all good news. The Department of Labor said 3.28 million Americans filed for unemployment benefits last week, Berman noted, which was well above expectations. Meanwhile, the Cboe Volatility Index (VIX), closed at 61, which according to Berman suggests a high amount of investor hedging. He added that Thursday’s levels were still much higher than the VIX’s peak during 2018’s sell-off.

“The ‘fear gauge’ is still well above its 200-day moving average and its surging 50-day moving average, and although volatility likely hit its cycle-high last week, the calm bull market days aren’t coming back to Wall Street anytime soon,” he wrote.

Write to Connor Smith at [email protected]

#2771 4 years ago
Quoted from cottonm4:

There are areas in this article you can agree or disagree with. Down at the bottom he gives you a good idea of where his money is going. He is a billionaire and I am not. It is worth reading.
https://www.cnn.com/2020/03/26/investing/bill-ackman-coronavirus/index.html
Bill Ackman: Shut down the economy for a month

Makes sense to me -
Ackman, however, is hopeful. He said he and his hedge fund, Pershing Square Capital Management, have been buying up stocks -- about $2.5 billion worth -- in the past week, as values have plummeted in a sharp sell-off.
"We bought a large hedge that became much more valuable when markets declined," Ackman said. "And over the last 10 days or so, we've been aggressively buying stocks that have been marked down. So we've been, you know, betting that the economy is going to recover and that great companies like a Starbucks ... and other consumer type franchises that we've specialized in are going to are going to recover from here."

And old advice from Buffet -
https://www.gurufocus.com/news/1083451/warren-buffetts-rules-for-investing-in-a-crisis

#2773 4 years ago
Quoted from desertT1:

"We bought a large hedge that became much more valuable when markets declined,"
"And over the last 10 days or so, we've been aggressively buying stocks that have been marked down."
Anyone want to decode this for me? Does this mean that he was short going into the decline and has now turned to being long stocks?

Here’s some insight on the Ackman story which illustrates his motives - https://markets.businessinsider.com/news/stocks/bill-ackman-hedge-profits-billions-coronavirus-tanks-stock-market-economy-2020-3-1029035562

2 weeks later
#3406 3 years ago

I wonder if the 38 analysts will be right or wrong -

6B2E0422-1263-49AA-924F-0C808EB55CCA (resized).png6B2E0422-1263-49AA-924F-0C808EB55CCA (resized).png
#3412 3 years ago
Quoted from Zablon:

I mean....none of those are bad...apple would have to screw up pretty badly to go down very much. Their followers are as blindly dedicated as the tesla crowd.

Agreed, Apple is a terrific company, but can certainly take a beating over the short term like anyone else. Long term is my only concern and it appears most educated traders still see value there. However, it would appear the opportunity to create generational wealth in the market with modest equity has closed, but I kind of hope I’m wrong.

The best news we’ve had is our Battery City landlord agreed to waive our rent for 90 days and then reduce our payment by 50% for the remainder of the year in exchange for a 12 month extension. Worst case, this allows us to keep all of our employees for a full year at 80% salary. It’s a no brainer for the landlord, but may turn out to be a real life saver for a few of the folks we employ.

For those who celebrate, I hope you and your families enjoy the holidays.

#3430 3 years ago
Quoted from SantaEatsCheese:

What do you guys think. Does oil finish higher or lower on Monday?

I don’t know about Monday, but I’ve bought a lot of oil stocks over the last 3 weeks. There might not be a better buy right now.

#3431 3 years ago
Quoted from Rondogg:

Or, the news is really bad and the unemployment numbers skyrocket and we hit Dow 30K +-500 by Friday.
At this point, who the fuck knows...

Nobody knows.
If you’re not playing long, I’d sit out.

#3434 3 years ago
Quoted from taylor34:

On the oil, they announced cuts but not enough to prevent the looming storage problems coming up. I see oil going lower until that works its way through. I don't think there's going to be enough demand to prevent that issue unless the US producers also cut a bunch.

Hope you’re right.

#3496 3 years ago
Quoted from kpg:

I agree with you except the charts part of it. That's how I am making a ton of profit in this market. If I traded based on my current thought of how f*cked up everything is, I'd never make a dollar doing this.
The stock market charts tell me how to make money, the news tells me what is going on in the world.

Can’t argue with you.
The buying opportunities over the last 3 weeks don’t happen very often and have made folks quite a lot of money.

#3617 3 years ago
Quoted from MikeS:

According to Wikipedia it was $413 million. Given that he should be far wealthier than he is today.
https://en.m.wikipedia.org/wiki/Wealth_of_Donald_Trump#Gifts,_loans,_and_other_wealth_from_his_father

You’re discounting all of the fun he has had along the way.

1 week later
#3814 3 years ago
Quoted from Concretehardt:

Can someone explain Tesla to me? I thought they were losing money but the stock seems to go up $$50 to $100 per day.

https://www.investors.com/news/technology/tesla-stock-is-it-a-buy-now/

#3815 3 years ago
4B834D12-BE41-40D7-AB77-524624E94F8F (resized).png4B834D12-BE41-40D7-AB77-524624E94F8F (resized).png
#3818 3 years ago
Quoted from swampfire:

There are rumors that they may not reopen the parks until 2021.

Don’t bet on that.

#3849 3 years ago
Quoted from Concretehardt:

LMAO! Google is up $104.00 per share after hours because their earnings were not as bad as expected.

That’s not uncommon.

#3858 3 years ago
Quoted from sixtyfourbits:

Apparently I shouldn't have sold on oil yesterday.
I still believe that we will continue to climb to maxing storage levels as the next few weeks go by.
But if they keep offering hopeful treatment news at opportune times, maybe the storage issue won't matter. Who knows haha.

Get back to me in 16 months and let me know how you’re oil is doing?
I’m guessing it’ll look pretty darn good.

#3860 3 years ago
Quoted from Concretehardt:

Shorts are being destroyed in this market!

#3872 3 years ago
Quoted from cottonm4:

If this does not turn the US into a socialist country, I don't know what will. You know Wall Street, that bastion of capitalists, is eating this "free" money up at about 500 points per day

I’m not sure how the stock market traders in this thread can handle it.

1 week later
#4000 3 years ago

There no longer seems to be a discussion of stock trades here in the “Stock Market Traders” thread. It is more of a place to mope when the market rises while a strange euphoria emerges, complete with multiple posts, articles and charts, when the market is plunging.

Back on topic, was anyone fortunate enough to be long on Seattle Genetics? That must have been a nice ride.

#4004 3 years ago
Quoted from thedarkknight77:

I’ll help get us back on track. Sold my Teva for a healthy profit today. I believe this stock will easy get to $20 in a year. Hoping for a pull back to get back in.

Congratulations. I always like to hear about someone doing well.

1 week later
#4103 3 years ago
Quoted from loneacer:

Disney is now up 20% in under a week.

Sure is.

#4123 3 years ago
Quoted from pinnyheadhead:

I missed buying in before Monday but bought some beaten down stocks yesterday and this morning - DIS, EPD, JPM and ESNT. Will add some more over time. I am looking for 20% gains on these for 2021. I feel you need to be in early on these before any good news comes along.
Looking at numbers and percentages even if you see the beaten down stocks going up don’t feel you missed the boat with how low they are. Like I would be more comfortable buying EPD after a 5% increase then Apple at 5% increase at this point. During dips I feel these stocks are closer to their floors now then others and won’t go down as much.
I am 48 and could care less about dividends, but some of these beaten down stocks can pay a good dividend also. Yay!
Now some of these stocks could go all to shit and go bankrupt and that is the downside. Risk/reward. I am not “all in” on any of these but adding them as a speculative 12-18 month picks to supplement my long term keeper backbones in tech like Apple, NVDA, OKTA, ETF’s like VGT, IGV and my personal “not SaP 500 index” - QQQ.
Definitely a pickers market out there now over a “diversified” Index 500 market. Don’t look at how the DOW did each day to decide how the whole market did. I have good days when the Dow is down a bit.
Just my rambling thoughts. Good luck out there

I hope you do well.

I’ve been a heavy buyer since March. At that time, there was a real opportunity to create generational wealth. I don’t think we’ll see those types of deals again, but I wouldn’t be upset if we did.

#4132 3 years ago
Quoted from Concretehardt:

This is fun to watch! Come on Nasdaq 10,000!.. As soon as people realize that they bought a bogus narrative about how everything is priced in and we will be back to normal in 60 days. All the while the big guys are dumping their equities on Joe public at inflated prices and will have fully shorted the market by the time some “news” comes out that dumps the market again
When this thing drops, it is going to spectacular!

But by that time the folks who made a boatload over the last 90 days will be long gone.

#4183 3 years ago

Disney up over 20 points in what seems like less than 10 trading days.

#4189 3 years ago
Quoted from cottonm4:

Here is what 600 points of Dow look like when you break it down.
[quoted image]
[quoted image]

Looking forward to picking up that 50% with Boeing.

#4212 3 years ago
Quoted from cottonm4:

Is this argument real? Or is it choreographed to the entertainment value?
Two CNBC anchors get into it.
https://www.cnn.com/2020/05/27/media/cnbc-heated-on-air-exchange/index.html

Choreographed, but unscripted.

#4218 3 years ago

Had you listened to Ice at the end of March, you could have made a lot of money.

1 week later
#4284 3 years ago

Great day.

It’s nice seeing the Stock Market Traders thread being utilized to actually discuss stocks.

#4291 3 years ago
Quoted from jacksparrow0112:

Talk about beginner's luck!
Last week Thursday I decided to take a big risk and put all of my COVID earnings to date plus the savings amount I started with into United Airlines. Over the past 3 days that stock has shot up 50%!!! As of a few minutes ago, my COVID earnings to date are roughly 4-5 Stern Pros. Hoping this economy continues to rally and we don't see a spike of COVID cases in the next few weeks. In the meantime I certainly feel like celebrating. Very happy I decided to take the plunge 3 months ago and get into day trading. I'm sure returns like this are unheard of during more standardized economic times.

Congratulations! That’s fantastic!

1 week later
#4421 3 years ago
Quoted from Concretehardt:

My guess is that next the Fed will announce that they are going to start buying stocks.

But only after they consult with Ice. It’s been one heck of a ride since 3/23.

3 weeks later
#4548 3 years ago
Quoted from Ericpinballfan:

Earnings, Earnings, covid, unemployment, eranings, quarterly reports, covid, and election.
"It was the best of times, it was the worst of times"
Who's ready for a rocky July?

I’m ready to make some more money with Ice and I love what Goldman is saying about September.

3 weeks later
#4643 3 years ago

4 for 1. This was one heck of a great day.

1 month later
#4810 3 years ago

What a wonderful ride we’ve had since March.

That generational wealth thing really rang true.

3 weeks later
#5183 3 years ago
Quoted from iceman44:

If you don’t think long term with a short term appreciation of when opportunity knocks then you lose
GL

So many folks don’t want to believe in this concept.

1 month later
#5594 3 years ago

It’s been a wonderful 7 months.
Thanks for remaining active in this thread, Ice.

#5621 3 years ago

I miss all the guys with charts from a few months ago.

#5662 3 years ago

Amazing how much more action this thread got when the market was taking a beating a few months ago.

Wasn’t one guy predicting a 15,000 Dow?

3 weeks later
#6083 3 years ago

Disney made my week. I wasn’t expecting that.

3 years later
#20330 67 days ago

These last 90 days have been glorious.

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