Thread: USA Stocks and markets
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07-16-21 14:09 #23
Posts: 2232Anyone trade ETFs, EEM, SPY, QQQ? Options?
Anyone trade ETFs, EEM, SPY, QQQ? Options?
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06-28-21 21:56 #22
Posts: 1068Chinese stocks
Originally Posted by Midwestern [View Original Post]
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06-28-21 18:49 #21
Posts: 13New Opportunity
Lately I have been following the airlines stocks mostly due to the volatility and issues that are happening due to the Covid situation.
Seems American Airlines is taking a hit now. Their stock went from $22.23 on Friday and dropped to $21.25 today at 10:30 am.
Judging by what's being said on various sources looks like America Airlines is going through some short term problems.
This is today prices so far:
Open 22.09.
High 22.09.
Low 21.14.
I've bought at $21.19 for about 2500 shares. I might play it long and try for a big profit or just take what I can in a 2 week hold on it.
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07-24-20 20:38 #20
Posts: 13Originally Posted by Midwestern [View Original Post]
Cruise ship stocks may be a good bet once the Covis gets sorted out but that's some time out. Looking at a few of those socks there's potential to exploit. Carnival Corp. Went from $17 on 6/3 to $24 on 6/8 and back down to $17 on 6/11. That's a lot of jump in the price in 10 days. The advice I have been given is stay within the means you have, don't bet the farm, stick with moderately priced stocks (I never go in over $60 a share) when you're betting. Don't take stupid interest rates if you're borrowing to do trades. I have two portfolio's. One is investment grade keepers and certain mutual funds, and the other is stocks that get bought and dumped that I am gambling on. It is gambling make no bones about that. Information and any intelligence you can get makes your bet more secure. Being informed and knowledge is the key. Be prepared to take a hit. For every 3-4 great trades I usually have one fuck up or dog that costs me. Nature of the game. There's no easy way, either you get into it and play it or not. There's no halfway and no easy.
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07-24-20 12:07 #19
Posts: 1202Originally Posted by Khaveen [View Original Post]
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07-23-20 23:48 #18
Posts: 13Originally Posted by Midwestern [View Original Post]
Airlines will take another hit according to my cousin. They are an easy and obvious score plus any travel or vacation related stock. Cruise ship lines, etc.
Looking at the trends shows there's no real rational to whose doing well and whose not. Check the winning / loser trends and look for the 10% or more moves in price that makes it worth it. Obviously big ticket stocks that have high share prices are not ideal for this. But anything in the 3 - 40 dollar range is. If one company is having stock problems it may be affecting that whole industry or sector. Most of this is just being on top of it. I used stockmarketeye on my PC and have a jstock and use bloomberg on my blackberry plus some other things.
If you can swing it and keep on top of it there's income potential. Do get overconfident, don't go big high prices stocks. Easier to do on a 10 dollar stock that a 100 dollar. Simple plan, simple forecast and be agile and ready to react.
I have made about 75 K+ after taxes etc. On about ten stock deals in the last 6 months. Max risked was about 70 k on the Airlines but walked away with 34 K clear. Normally I don't risk that much but that situation merited it. I own my cousin a dinner at Peter Luger's when Covid clears up. He got me the heads up.
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07-23-20 16:25 #17
Posts: 1202Originally Posted by Khaveen [View Original Post]
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07-20-20 17:39 #16
Posts: 55Originally Posted by Midwestern [View Original Post]
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07-20-20 12:00 #15
Posts: 666I have a feeling
It may all come crashing soon. It's how the end of the world works.
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07-19-20 20:09 #14
Posts: 13My play in May to June
I have some stocks, and my knowledge isn't great but I have an advantage in that my family has been involved in the stock market in NYC for a long time. My father used to be a trader on the floor of the NYSE in the 50's and have some cousins who work at Cantor Fitzgerald.
One thing that is good is volatility in certain sectors. Was given advice by a cousin whose in the business that there's potential to make some $$$ playing a bounce on some stocks, specifically Airlines.
I bought United, Delta, Southwest and American on May 4-5th or so took out a short term margin loan and got about 1000 of each. (interest rate sucked).
Watched them like a hawk for about 30 or so days and around the 6-8th of June the prices bounced nice and my cousin told me when you double up on gains on a loan it's best to take your $$$ and go. I did my dump and got good timing but if I had held on for another day or so I could have made a bit more.
Results were:
Buy Sold.
Delta 21 35.
United 22 42.
American 9 18.
Southwest 25 38.
The positive. If you have stocks you can leverage to get short term margin loans this is a good way (not easy or absolutely safe) to make some cash.
The negative. Once you have your strategy you have to be on it and be dedicated to monitoring your stocks so you can get your sell order in before it blows up on you.
You get hit with the interest on the loan and of course the capitol gains and fed, state taxes. Etc.
The only reason I did this is that business for me is slow (had time to keep track of this deal), and had expert advice from my family (who were doing the same play).
This will work in a lot of market sectors that have are going to be volatile in the short term.
Airlines, Transportation, Automotive, Real Estate, Tech, Heavy Industry could be potential for short term trade.
Just have to research and have the tools.
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07-19-20 12:26 #13
Posts: 1202Which way will markets go in coming weeks?
In the next couple of weeks, USA will decide whether to do another stimulus. I guess the number that is being tossed around is $1. 2 trillion, but Democrats want it to be higher.
Also, USA will decide whether to let the unemployment payments stop. Right now, the $600 weekly unemployment checks are scheduled to stop on July 31. Republicans want these payments to end, because these payments are discouraging people from going back to work.
However, the virus continues to ravage the USA. Seems like 21 states have decided to delay their reopening to varying degrees.
Jamie Dimon, the CEO of JPM, said that this could totally go either way, way up or way down. He said there is no one way anyone can know which way this will go.
What do you guys think? Should we stay in the markets, or bail now?
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07-14-20 05:09 #12
Posts: 55Originally Posted by Midwestern [View Original Post]
Disclaimer: Markets are very dynamic and things change rapidly and I change my opinion with it, suppose we get a vaccine sooner than expected it may fuel another round of rally. Hence I deserve a right to be wrong. Do your due diligence before taking any decision.
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07-14-20 00:38 #11
Posts: 1202Stock recommendations?
UPWK down 9. 45%. Anyone buying this dip?
Any of you guys bullish on Chinese stocks? BABA, BIDU, JD, TCEHY, etc?
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07-14-20 00:29 #10
Posts: 1202Originally Posted by JustForFun02 [View Original Post]
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07-14-20 00:27 #9
Posts: 1202Originally Posted by SfoCowboy [View Original Post]