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Any ideas?
Apr 30, 2020 10:07:14 GMT -5
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Post by búfalo on Apr 30, 2020 10:07:14 GMT -5
I see there's little activity in this category, although there are things mentioned elsewhere. Anyone buying cheap? waiting for the next tank? moving funds around?
I myself have not bought anyboptions lately after having a great run % wise. NOT big money at all.
I also had amd old IRA that has done squat over the years that I transferrred to my account. Just holding and waiting for a safe play. Not huge money either but a little something.
Right now, for the "safe" stuff I'm mostly looking at oil or that connected to oil. It's cheap and I don't see the world doing without it in the future, so at one point, maybe far off, I would assume it'll go back.
One that I looked at is USO. Huge tank and now a lot of volume at a low price. Then there' XOM, etc.
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Any ideas?
Apr 30, 2020 10:09:00 GMT -5
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Post by búfalo on Apr 30, 2020 10:09:00 GMT -5
One reason I also stopoed with the options for now is that they seemed to get very expensive. I only would trade SPY and FB. But once all this hapoened a $ 5-10 move in a day was the norm, so all the prices were too rich for me.
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Post by wildstubby on Apr 30, 2020 19:32:55 GMT -5
A co-worker reccommended using Robin Hood. Carnival stock was trading at $7~$8 a share. Shoulda, woulda, coulda! I guess it bounced back up. I'm one of those people that believe if I buy a stock it will only go down. After I sell it will go up! Justa pestimist!
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Any ideas?
Apr 30, 2020 20:58:22 GMT -5
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Post by búfalo on Apr 30, 2020 20:58:22 GMT -5
I use E trade but will check out RH.
As far as CCL, look at the chart, there's plenty upside to where it was!
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Post by caliconnection on May 1, 2020 10:59:21 GMT -5
Oil related: purchased ERX (2 * XLE) at $20. Then 4 more times all the way down to $7 (split adjusted). Done well so far, but it's going to be a year or so until the economy stabilizes. Maybe longer. Market isn't for the faint of heart right now. I expect ERX will see major volatility, and I could well lose my "profits" but plan to hold throughout. Missed out last time oil was in the 20's, and promised myself I wouldn't make that mistake again.
I expect another major correction of the indexes now that SPY and QQQ are getting near to their all time highs. I've sold my QLD (2 * Nasdaq 100), but will buy back in again if markets go back down another 20% from here
Apple and Microsoft look like good long term (years) bets, especially if the market tanks again and they approach their recent lows again.
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Post by búfalo on May 1, 2020 12:58:11 GMT -5
I just found out that on the 28th USO had a reverse stock split, that explains a lot.
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Post by gallito on May 6, 2020 13:22:52 GMT -5
Gold;this shiny metal is poised to climb especially if the rates go into negative territory.It was more of a bargain at 1400;the price tends to drop in March,April,May and June it putters along. August,September,October gold prices climb;Bank of America is going out on the limb predicting gold to hit 3000.How high it will go is anyone's guess;Feds can't print gold.
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