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gunnarthor

By gunnarthor
in The Sports Bar

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Brock Beauchamp
Brock Beauchamp

High fives, Mike. I'm in on Disney, Netflix, and Amazon. Amazon and Netflix in particular.   Patience is really the key with the market, IMO. I sat on a stagnant Amazon around $300 per share for over

Willihammer
Willihammer

I tend to side with Mike but could see selling too. Heard this market described as a "hated rally." The real question to me is what do you mean you're not working? TD just had 100,000 page views and d

LaBombo
LaBombo

Several fund managers are high on it.

gunnarthor MVP

gunnarthor

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Fed Chair Jerome Powell on 60 minutes. Lots of mixed messages, just like the stock markets

https://www.cbsnews.com/amp/news/coronavirus-economy-jerome-powell-federal-reserve-chairman-60-minutes/?__twitter_impression=true#app

Yeah, I keep seeing things I missed but I have no idea what to do right now. All this unemployment, significant chance of a second wave, election year craziness. And the market is rocking? I've talked to some investment guys and they don't know. One guy thinks everything is ok but most everyone else says it's crazy. I dunno. I've definitely missed out on some buying opportunities but my wife and I will just continue to hoard cash for a bit. 

Richie the Rally Goat St Paul Saints

Richie the Rally Goat

Community Moderator
Posted
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Yeah, I keep seeing things I missed but I have no idea what to do right now. All this unemployment, significant chance of a second wave, election year craziness. And the market is rocking? I've talked to some investment guys and they don't know. One guy thinks everything is ok but most everyone else says it's crazy. I dunno. I've definitely missed out on some buying opportunities but my wife and I will just continue to hoard cash for a bit.

ive been hoarding cash too. I’m on the fence of the markets aren’t reflecting the economy but at some point will.
Mike Sixel GOAT

Mike Sixel

Old-Timey Member
Posted
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Bought bitcoin when it was down to 3900 a coin. Reached up to a little over 10 grand and sold out. Easy money. Keeping my eye on it to see if crashes again then buy again

 

Well done! I did that a few years ago, day traded litecoin for a bit. I started too late to make huge money, but made money....

Richie the Rally Goat St Paul Saints

Richie the Rally Goat

Community Moderator
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Thank you DAL for going up so much today. Mortgage paid.....

good for you! But I am perplexed.... they back out of buying 4 LATAM A350s, but are still in on the JV even w/ LATAM filing for bankruptcy and buying 10 future, while shrinking their own fleet ... and it raises 13.5% today?

 

Is Delta taking over LATAM?

Mike Sixel GOAT

Mike Sixel

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good for you! But I am perplexed.... they back out of buying 4 LATAM A350s, but are still in on the JV even w/ LATAM filing for bankruptcy and buying 10 future, while shrinking their own fleet ... and it raises 13.5% today?

 

Is Delta taking over LATAM?

Gamblers don't ask why they won a hand, they just take their money.....

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gunnarthor MVP

gunnarthor

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Man, if I knew  ...

 

I think there will be a pretty big correction and the market will come down significantly but I could be completely wrong. But it seems like we are doing about as much wrong on covid-19 as we can, that investors will get spooked during election season, that federal efforts to keep the stock market high are temporary measures that don't address the underlying problems.

 

We've been hoarding cash since March and aren't planning on making any large buys until after November. But keep in mind, I panicked and sold shopify so I know nothing. 

Richie the Rally Goat St Paul Saints

Richie the Rally Goat

Community Moderator
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It’s a good reminder that the stock market is not the economy.

 

I would think at some point the broader economy will impact investors decisions, but the vast majority of stock is held by institutional investors. When your metric is no longer the traditional long term investment metrics, but being able to transact faster than other institutions, logic gets cloudy, and day trading gets harder.

 

I too am hoarding cash, but I never sold off. Because my horizon is far enough off that I can recover a couple bad years, I’m sitting tight.

bunsen82 First Round Pick

bunsen82

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Posted
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There is too much money in a handful of stocks, that bubble will burst, at the same time there will be some massive money made in newer companies that are going to be well equipped to make really good money in the future.  I am almost exclusively in hard asset stocks and leaning towards commodity stocks, silver and natural gas stocks being my primary investment.  We are over halfway done with injection season for natural gas, which appears to have found a bottom, and will begin a continual rise up.  Supply is down drastically and it takes over 6 months to drill and see the returns in increased supply.  The stocks in general have been beat up and have extremely low valuations, and there should be minimal correlation between the rest of the stock market which I don't trust, and natural gas stocks.  I also see the dollar going down, so silver and natural gas should really benefit in those environments. 

Richie the Rally Goat St Paul Saints

Richie the Rally Goat

Community Moderator
Posted
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There is too much money in a handful of stocks, that bubble will burst, at the same time there will be some massive money made in newer companies that are going to be well equipped to make really good money in the future. I am almost exclusively in hard asset stocks and leaning towards commodity stocks, silver and natural gas stocks being my primary investment. We are over halfway done with injection season for natural gas, which appears to have found a bottom, and will begin a continual rise up. Supply is down drastically and it takes over 6 months to drill and see the returns in increased supply. The stocks in general have been beat up and have extremely low valuations, and there should be minimal correlation between the rest of the stock market which I don't trust, and natural gas stocks. I also see the dollar going down, so silver and natural gas should really benefit in those environments.

This is a really good blog that backs up your assertion of too much money tied into too few stocks:

https://wolfstreet.com/2020/07/11/wild-ride-to-nowhere-appl-msft-amzn-goog-and-fb-soar-to-new-high-rest-of-the-stock-market-is-a-dud-has-been-for-years/

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  • 2 months later...
Mike Sixel GOAT

Mike Sixel

Old-Timey Member
Posted
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Basically for the past 4 months.....

 

I identified 10-20 stocks I like, a lot. Love even. Or, at least the market does. I've bought on dips (as long as there is no news about THAT stock to explain it), and I've sold at 5% profit. This is money dedicated to this effort. I don't recommend this as a strategy for most / anyone else.....but it has worked VERY WELL this year. 

 

That's the kind of thing to do with maybe 10% of your portfolio.....the rest should be in long term plays. IMO, of course.

 

As for the "too much money in too few stocks" rubbish. There is plenty of money flowing into the market, across plenty of stocks. There is no bad time to buy, if you have time on your side.

ashbury GOAT

ashbury

Verified Member
Posted
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Stock market soaring on the news of Biden's win. Reaches all-time high. The last nine months have convinced me that I will never understand the market. 

News regarding a couple of vaccines might have more to do with today's jump. Very hard to separate signal from noise, let alone signal from other signal.

gunnarthor MVP

gunnarthor

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Not that I'd ever tell anyone what to do, but I'll type a name here for a random reason.

 

Fiverr.....

I've had pfizer in my IRA for a few years now, mostly b/c of the dividend reinvestment (I love dividends). It hasn't been a great stock, really, but it's a decent enough longterm stock that I'm not worried about it either. (Just a random note, but my wife has held Coke in her IRA for a five years now and man, does that dividend reinvestment work).

 

I'm way over exposed to big banks (WFC, USB) which hurt a bit although the little I have in tech (MSFT, ROKU) this year offset that. We now have a pretty big cash pile - roughly 20% of our holdings - so we will probably make a few big buys in a while. I'm sure one will be a conservative index fund but I'm not sure about the other. We don't own Apple or Amazon, for instance, but danged if I can figure out if this is a good jump in point. A week ago, I was ready to jump in on MC but I waited too long. 

 

 

Mike Sixel GOAT

Mike Sixel

Old-Timey Member
Posted
Posted

 

I've had pfizer in my IRA for a few years now, mostly b/c of the dividend reinvestment (I love dividends). It hasn't been a great stock, really, but it's a decent enough longterm stock that I'm not worried about it either. (Just a random note, but my wife has held Coke in her IRA for a five years now and man, does that dividend reinvestment work).

 

I'm way over exposed to big banks (WFC, USB) which hurt a bit although the little I have in tech (MSFT, ROKU) this year offset that. We now have a pretty big cash pile - roughly 20% of our holdings - so we will probably make a few big buys in a while. I'm sure one will be a conservative index fund but I'm not sure about the other. We don't own Apple or Amazon, for instance, but danged if I can figure out if this is a good jump in point. A week ago, I was ready to jump in on MC but I waited too long. 

 

not pfizer.....fiverr, which continues to plummet.....

Mike Sixel GOAT

Mike Sixel

Old-Timey Member
Posted
Posted

I like:

 

Okta

New Relic

Shopify

Activision Blizzard

Amazon

Apple

Square

Slack

Zoom (still like them)

Pinterest

 

I pretty much like anything that helps with the cloud / internet, remote work, etc. I am TECH HEAVY,

danunti Prep Ball

danunti

Verified Member
Posted
Posted

I'm also pretty tech heavy (probably a little more than I'm comfortable with). Of the ones you mentioned, I also have:

 

Activision

Apple

Square

Slack

Pinterest

 

I really wish I'd gotten in on Shopify when you all were talking about it on this board last year.

 

I've been dipping my toe into some hospitality names thinking that they'll rebound after the vaccine.  Could be a good buy low time.

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