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

New account? Might be why.

I did a transfer on...Thursday? But couldn't use the full amount Friday when I was looking to - I didn't dig deep, I'm assuming it's due to my account age/status and I could only use $100 on the first day etc. Weird part though is it showed the full transfer (...it was only 200) in the funds available for trading balance

 

Yes i assume i just have to wait. Unless i i buy something over $5

 

I added another 100 of NRGU @4.75 today. I now have 500 @4.01. I also have a limit order for DKNG @29.99...It's been flat @30ish since the 18th...and I like it long term based on the reading I did this weekend...people LOVE to gamble and if they don't have to drive to a sports book...$100+ stock in 2 years...

Really have to watch the NRGU because I like it long but might need a stop loss set just in case they ever release the news on where the F@$% those tankers are...I've even been trying to find vessel names to use marine search databases to figure out where they are...ZERO info...

 

so what happens to stocks with the company filing CH 11? Noticed the HTZ shares I tossed a $100 at is sitting at 0% in the stocks app

 

It's the holiday...it's 3 BUSINESS days...so Friday, Tues, Wed...Trade on Thrs

 

It will be delisted and sit OTC in the ether...if it recovers it will be back...if it goes tits up you lose your $$...But it's not tradable right now.

 

I musta missed something... which tankers? The Iranian ones?

 

No, there are 30+ saudi oil tankers belly deep with 50+mil barrels of oil headed for the US. They were supposed to dock some time around MAY 22-25...but there's been no info on them since the 18th... https://www.bloomberg.com/news/arti...reatens-to-disrupt-stabilizing-u-s-oil-market

As soon as they offload oil will dip and I am watching to sell and re-enter NRGU

 

Keep tracking if you can.

Also, NRGU is not based on Crude prices, as it measures off of oil companies. With that said, the higher the ppb, the more money they make.

 

A side note on the tankers....Saudi Arabia was outbidding everyone for the VLCC (Very Large Crude Carriers), overpaying and driving up the demand. They then filled the ships with their oil, almost at a loss...basically grabbing up all the free space to put oil. This means that they can sell oil to a glutted market, but competing countries who wish to pump can't transport it....so by locking up the VLCC's they handcuff competitors from exporting oil...Now all those tankers are full and cruising around looking to offload oil. They are supposed to hit the U.S. when this happens they are also now available to refill at other places. Of course because there's now been 50M barrels thrown into the market all those other countries that were looking for ships to offload oil will then have to bid against each other for ships to offload oil onto to hit a saturated market...It's how the Saudi's rule the oil world and why american oil independence is HUGE!!!

I'm sure you've all seen this clearly reported on right?

 

Oh yeah, I know...but over saturation is bad news...

 

Absolutely.

That's why I want you to keep tracking that for us...

 

glad it was only a c-note, knew it was a gamble to begin with so not worried about losing it if it doesn't come back. when it does come back that'll be nice down the road haha

 

My only hesitation with that would be, great - they're the first/leaders in online gambling. Look at Kodak/Blockbuster, etc. Blockbuster was a dying industry all together, but Kodak wasn't, just a changing industry - and competitors who do things different and pull users. DKNG is good, but they're just the first, not necessarily the best, and hoping they change with the times.

I did a transfer Thursday to buy on Friday I think, I was able to trade with the funds fully today, so it wasn't that, but there was some level of hold. Whatever, as said I'm not too fussed.

yup. I'm tempted to see if I can find a way to get any, even if it turns into a $20 gamble or something like that. I dunno, they might come back but there are so many other rental car companies, they might dissolve and sell off the assets to Enterprise/Avis/Budget/etc. My company has not advised us on what to do in the future yet, our "preferred" vendor was Hertz as of a few years ago. Enterprise before that.

I might buy more if it tanks again (no pun intended). But I'll probably hold this, as mentioned I have my eyes on a 40.xx range to sell off, pay off a decent vacation for me and the wife When we hit 40.xx I'll probably bail out 2/3 and then the rest at 50.xx maybe. Whatever we'll see.

They also might not be broadcasting location on public access like that....for some obvious reasons.

Oh, yeah the whole thing has been a mess. I was talking about it before, SA and Russia went into a price war intentionally. Not to get political (I hope), but when oil is expensive, you have (1) oil sands/alternative fuel sources being worth it, fracking, etc etc. They need let's say $50/bbl for it to make financial sense to run these operations. Well, SA + RUS can drive down to $45 for a year and suddenly, those companies and methods are done for - there's nobody who's going to buy your oil at $50/bbl or more when the stuff from SA/RUS comes in at $40. So, the companies can't last, let's say more than 12 months. So magically after 12 months, SA/RUS decide to meet again and discuss things, and they magically now agree on things! Oil skyrockets, these alternative operations need a few years to re-staff and get going again, in the meantime SA/RUS is selling wicked prices and there's nobody to counter. So they make up their losses and then some -- this just happened to coincide with the whole COVID thing and (2) fuel sources. When oil is high, people want to look at using solar for their homes, hybrid cars, electric cars, etc etc etc. Well, oil dips and now it's cheap to run a 20mpg truck around town. (ps, ). So now Ford/CDJR/GM/etc, it's not worth it to develop hybrid and alternative techs with both the new techs, laws around them and safety, etc etc when I can get my dino bang bang go juice for so cheap. So they gut those industries, and then oil spikes again -- but, and we'll see it happen here again, only to a certain extent. See, if they spike it too much, we'll go back to hybrid/electric devs. But if they spike it just the right amount we will sit here as a collective country and complain about high gas prices, but it still won't be enough to justify buying a hybrid, or electric vehicle, even though gas is higher in cost, home heating is more in cost but still not worth it to go solar, etc etc etc. They're really smart about what level to jack it up to where they're going to make a boat load of money and not cripple their customer base by driving them toward alternatives.

So it's two fold - intentional price reduction to drive out competitors, and then an intentional price hike, but not so greedy up front that they drive us to find an alternative to them.

 

Interesting that you bring up Kodak and Blockbuster. Both are great examples of a failure to adapt to a fundamental change in the marketplace. Note that Netflix founders tried to get Blockbuster to buy them for $50M and were refused.

Other examples abound. Palm and Nokia and even Blackberry were once the kings of their domains. Digital Equipment Corp, Sun Microsystems, and Compaq contrast to IBM as the latter sloughed off the PC industry to focus on corporate / server / cloud.

These examples are why even in a buy-and-hold strategy with apparent industry leaders, you need to keep an eye on them and how they're responding to changing market conditions.

 

you dont have to drive to a sports book already in RI... the casinos have a mobile app. I literally have to drive 100feet in from ma and the app works

 

Damn. Missed the DKNG $29.99 by pennies. Oh well. I don't chase. That's how you lose money. Leave the order open and see what happens. Live to buy another day.

Imagine buying MRNA $60 puts at $80+. Maybe it's time to short Corona pops.

 

Did I mention this is a painful day for brilliant people that sold last week?

 

They're the first ones I thought of, but there are plenty of companies that didn't adapt (one reason have zero sympathy for taxi drivers with Uber, their industry screwed them, not Uber/Lyft/etc). And plenty of companies who were the first, and then the industry whirlwinded around them and they didn't go with the industry and they got left behind. THAT worries me with DKNG especially with how fast internet/modern industries change and adapt. Even within 1-2 years there could be a dramatic shift.

 

Anyone have any airlines? Kicking myself for not getting in more on $DAL and $UAL