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

for a lot of us.

 

having studied monetary history in depth for a while now, this scares the shit out of me.

this is currency meltdown and loss of confidence, it just took a while to hit the 100th monkey point.
imho.
ymmv.

 

CTXR down pre on a capital raising at $1.05. 6.5M shares..not a massive amount. 50% more than 1 days avg volume. It could rebound right back to the $1.20's could be a quick 20% return...

 

5 year isn't much prettier. Maybe a quick return or could fall flat on their face. I have Pharma's on the list of industries to learn more about.

 

Their present wave is riding their good phase 2 FDA response to Mino-Lok trial for the treatment of catheter related bloodstream infections...

 

Check out PRPO...covid-19 blood test kit currently waiting for their phase 2 data.

 

That's why I'm in SRNE for their rapid saliva test...But I have a floor I'm not willing to drop through...I own at $8.15 and I've got stop losses scattered from $12 to $9.15

 

I sold SRNE early this week to buy more PRPO

 

https://www.cnbc.com/2020/08/06/cor...cconnell-thinks-dems-gop-will-reach-deal.html

 

They should gap/tier the additional funds based on cost of living and attach it as a differential to cover reduced wages between previous and new employment. Go back to work and be guaranteed your previous pay. Stay home and lose your bonus. This way it doesn't matter where you work, you'll still get the same pay. You can literally take a job anywhere for the same amount of money, you just have to work. It removes the incentive to remain home unemployed. You would never ever see a politician advocate for this because it's a win-win for both sides and nobody can point fingers and claim victory. Also it requires people to go back to work and lose their free ride for the rest of the year that is presently one of the offers on the table. I was pointing this out to a friend who is a how dare they take away the $600...and I said in Ma. that's $2400, one months rent...In 20 states that's 2x your monthly rent...

 

MRO is our big kick in the petro jewels today..down 5%

 

SNAP is green...close the calls!!!

 

It needs to be scaled somehow. The bitch is that the jobs really aren't there for a lot of people. Reducing this to far will have major repercussions when the eviction moratorium ends for real. The reality is the work force has only started to suffer. We have a very long road to plow to get to where the US was pre-COVID. Very long.

On that note unemployment numbers where lower then expected in both new and continuing claims. That good news should drag the market down at least 100 pts today. lol

 

out of PLTM


meh..I may be shooting myself in the foot. don't like the setup right now.
we're back to the January area, before that massive drop.
if it breaks above with strength..I'll get ready.

 

bought ZSL at 7.69, small amount. stop at 7.57

 

All time low...maybe you found the basement.

 

buy and hold has been a lot smarter for me this year.

(not all purchased at the same time)

SWBI: 67%
ZG: 41%
AMZN: 30%
RGR: 24%
COST: 12%
HD: 11%
GOOG: 7%
AAL: 9%
HAL: 4%
HLT: 1.5%

 

Buy and hold is usually the most successful trading strategy humans usually make the worst decisions jumping in and out with that being said I sold my Amaz0n today at $3200

 

I'm just trying to keep in mind the tax implications of selling a successful investment before a year means that a good bit of my gains get given to uncle sam.. seems motivation enough lol

 

Son of a...hit $6.79 today