Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Damn that's a baller day trading / speculating

Nice work

 

And that would be any CEO right now.

You would see further industry consolidation, and or the prices would skyrocket to hedge the risk to cover a once in 100 year event with whatever company is born out of the ashes of that scorched earth policy.

Some of you guys are leaving money on the table and should be running companies here with these forward thinking plans.

Again this is a business that went to near zero revenue in less than a month

 

Hey it worked for Amazon, Wal Mart and you rarely see people bitching about the low prices they offer

 

All I see is people bitching about Amazon and wal mart.

You can fly across the Atlantic for less than $500 in an aluminum tube going 500 miles per hour.

Wal mart and amazon also have a lot lower costs. The ground support fleet for the airline I worked for was valued at $1.7billion. The costs in that business are INSANE. Not to mention you have high school dropouts making 30 per hour to throw your luggage for some reason.

 

And you cant even compare Amazon to anyone, without them owning half the internet hosting, they would not be able to fund the rest of their ventures.

 

The nice think about BK is it brings people back to the table for a cost reset.

 

If this was due to a company's poor business model or a normal recession I would agree. This was a world wide travel shut down, how would one ever plan for that? Like I sad earlier in this thread, most households cant or dont even plan for that.

 

I saw some killer deals last week.

BAC preferred for $20?? (BACPRB Series GG) I plowed $250K into that. It's what today?? Over par, that's all I care. I will hold until called and it will pay me nicely.

The only preferreds that really got clobbered are mortgage related for the most part (shipping as well I imagine) - didn't check today but they probably marched back as well. Some real buys as preferred funds panic sold for cash.

 

The same could be argued for restaurants, hotels, resorts, sporting teams, concert venues, museums, and galleries

Like air travel these things are luxuries.

 

Mortgage REITs are swinging all over the place, never saw so much volatility. I am not risky enough, but you can double (or lose) your money in those almost daily.

 

I agree with you on those as well, they need support also. This is an extraordinary circumstance and those business are being unfairly punished due to unilateral economic shut down based off public panic.

Not so much luxury when you are talking business travel, belly cargo and when the rest of those service industries make up more GDP than manufacturing.

 

I'm no power trader. Just pay attention, have enough money and some iron guts. I read a LOT. IBD, Barron's, WSJ, etc. Oh and when shit goes south don't tell the wife she can't retire and must keep working. That is gonna be nasty. Despite me even being somewhat wary when I saw the outbreak in China, I had no idea of the scope and volatility of the decline in the USA - intense ferocity. It was not all roses, and on that first bad day..........well hell we didn't sting two good days together until this week in March faq man I was down. A lot. I can now spit and hit my all time high.

BTW I sold a LOT today. And just bought some SQQQ, SRTY and TAIL again.

 

As a rule I will not own a mortgage REIT. And will only occasionally hold a mortgage company preferred stock.

 

Well I adopted your rule, if I ever break even. Wish you would have told me sooner lol

 

I agree under normal circumstances. I can tell you having worked at one making capital purchase decisions, they were on very solid financial footings, it's just an extraordinarily cost intensive business and when you go to almost zero revenue you are toast pretty quickly. That is unless you mass lay evreyone off which brings up another moral discussion. They aren't a consumer staple like target and walmart of the world when people buy their stuff no matter what.

Honestly I dont want to live in a country where that's your only economic option comrade. We dont need such luxuries as resturaunts and air travel.

 

The S&P is up 19.99% off the lows. Still in bear market territory (maybe, not sure how they look at that). I know it's an arbitrary measurement, just interesting how fast it climbed back almost 20%.

 

Indeed. I'm still thinking the deceased kitty hit apogee today.

Or I could be wrong.

 

If you count intraday highs, it was over 20% off the low. Again, arbitrary and means nothing. It's just something I noticed. We may revisit the low soon though.

 

I agree and that means nothing as well.

Let me put it another way: When has Friday and the weekend NOT brought bad news in the last 6 weeks?

 

Well, it's my payday, seems like I'm buying expensive stock on those paydays.