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Opened Vroom ( VRM ) @ 41. Another IPO.
Closed SOLO from 2.25 to 2.65 round trip.
And the thing is, I keep making $$ on these short term trades, but until the markets turn around completely, I am still down on the year.
Yesterday was quite refreshing. Seeing green at the bottom line for the first time in a long time. Not so much today.
Trading around the slugs as it were.
Closed DKNG from 38.60 to 40.10 today's round trip.
Very simply, I have my list for long and short term holds. DKNG may be a longer term hold to reopen below 39. I would reduce around 41.
My belief is that covid is here to stay. There will be additional near catastrophic events resulting from this. DKNG being an online gambling site has been well positioned for exactly this.
Today I may sell as I would sell SOLO purely to build cash to reinvest. Staying in front of any potential meltdown. Which since most recently occurred and still in my mind has potential again.
I think I just reopened NKLA at a much higher price using their money, so there's that.
Reopened NKLA at 77.35. This appears to be real and those earlier imbalances were just that. But I will monitor this stock to no end until sold again.
Yes, and of course sellers remorse happens. I'm looking to get back in, but in the 50's. It's been moving around low mid 60's and high 50's. I'm not done with this if it'll have me back again...
Opened DKNG at 38.60. I think that the next covid wave will increase it's value considerably... Hedging.
I hear that SF. I'm going to reduce my T holdings but will cost back into it again. Too much wheel spinning. Good stock, but I think over time I can reposition at a lower cost basis. T will continue to be a core long term holding.
Opened SOLO at 2.25
Added to IRM at 29.60
Closed NKLA at 65.03 from an open yesterday at 35.
...and of course it's up after a trading halt and drop, after Cramer comes on and talks about pump and dump. Putting the fear of God in me. Oh well.
Reduced IRM at 30.60. zero profit/loss
I expect to close around 34 and add on weakness
Turns this around to a 4.66% cost average profit within my portfolio holdings of IRM
Set em up and knock em down. Dow implied open -298.44 and dropping.
NYC MTA now able to receive added funds from the Fed. Adding to the $3.9 billion already received.
I picked up some nice yielding MTA triple tax free bonds a few weeks back.
SF,
Warner Music Group was IPO'd last week- WMG
Don't wait Too long Court.
Good one Nick, I let go of BX and APO a while back, just profitably opening and closing it a few times thereafter.
We stopped having housekeeper come in months ago and probably won't for the foreseeable future.
I'd love to see LA Fitness open up so I can swim laps again. Even my GF's condo pool is closed here in NY because of covid.
My dilemma too. I have Verizon Fios and though I can get Max ( and I'm a long term T stockholder ) by simply switching, I have a Roku TV that doesn;t have Max on it and might not get it unless Roku decides to carry it.
So I guess I'll stay with the premium TV apps on the Roku including HBO 4K and keep my shares of T.
My opinion based upon anecdotal evidence is that covid will rise before it falls.
That will bode very poorly for the markets ( and for people too ).
Just my opinion.
Ahhhhh.... kicking back and watching my stocks go up. Oh what a feeling.
I like the color green and I'm seeing much more of it especially over the last few days.
But...No one expects the Spanish Inquisition. Nobody !
NKLA an IPO I opened last week up 59% today.
WMG another IPO up 12.72%
ZI another IPO up 10.58%.
Also Opened Last Week:
SWT up 7%
TSM up 4.28%
ZNGA down 5.68%
Happy days are here again (almost).
Real fine Homeie.
If I told you I had some well conceived tactical analysis and strategy, I'd be lyin'.
Fact is I watched futures and then at the point the jobs report came out I jumped.
When I sold, I watched the NASDAQ market and saw a brief reversal down about 30 points, so I sold.
Then it headed back up and doubled profit I left on the table. Oh well...
My original sell order was 89.68
Its close to being there now. Any chance I could turn back the clock and not sell at 88 ?
I didn't thin k so. Ever hear of buyers remorse ( which I get quite often ) Well, this is sellers remorse.
Oh well.
I think I have one atta boy comin'.
Closed TQQQ from 85.38 to 88 on a 1 1/2 hour turn around.
Yahooo !
Nicer one SF. Looks like you have a few atta boys comin'
Nice one SF
Re-opened TQQQ @ 85.35 for a quick turn around.
Awaiting technical confirmation for ABBV that it's finally heading higher.
GILD is on its way up. I too have an eye on GD,NOC and RTN.
Looking at AMZN, I'm not convinced it's not going to head down more. Waiting.
Just great, I'm not only a type A but I'n an A type too.
Thanks to that crazy Tesla guy for loud mouthing it about Amazon driven down to opening range again. Just waiting for the blood letting to stop. Whose butt is he kissing ?
Okay, so in a summary, what are they saying ?
Looks like this ZI buy did not execute. Originally I saw the purchase, but didn't see it in my holdings. Now I don't see the stock executing or in my holdings. Hmmmm...
May be my luck... We'll see...we'll see.
Now I see the buy at 40+ again. but don't see ownership in my portfolio.
Finally, I'm seeing this doggie in my portfolio. Almost time to leave this one behind.
IRM is waning today on slowing upward momentum. it's a good income generator. BMO and TD I like, but not at these prices.
Nibbled on ZI at 40.55. Looks like it's getting hammered at 36.35. Geez.
Lots of nibbling going on today. Waiting for the big catch. AMZN has been anywhere from 2469 to over 2500 within the last 2 trading days. Almost time to act again.
My last sale 2472. Looks like it may go down below its moving averages.
Opened SWT at 89.01. It's paying 5.88% at 89.82 (it went up a bit). I'd been watching this for days and days, trying to get some clear determination with this. As it blasted from 84 and change till now. Paying 6+% to the measly 5.88% or so I'm getting now. This will be a longer term hold.
Picked up a few shares of NKLA IPO this morning at 35.75. Waiting for ZI to price over 21, no doubt.
You'll love this Court. My GF and I co-instructed a few hours of Dance classes a week at $80/hour. The rec center closed and she decided to apply for unemployment. We're receiving $600 plus $182 per week since mid march. We've made more $$ than we'd make for the entire year.
Now mind you. Both of us don't "need" the money made at the rec center. We instruct because we enjoy it and we love to Dance. But we sure do appreciate the $$$ received from our favorite source. My taxes at work, for a change. Planning to use the proceeds for a nice multi week vacation. We're thinking a cruise off the Italian coast.
Trimmed 1/2 MU at 49.50 from 46.50
Micron Launches Robot Design Challenge to Accelerate Availability of Low-Cost, Efficient UV-based Disinfectant Solutions to Combat the Spread of COVID-19
8:00 am ET June 4, 2020 (Globe Newswire) Print
Micron Technology, Inc. (Nasdaq: MU), a global leader in memory and storage solutions, today announced the UV Robot Design Challenge to address the growing need for reliable, low-cost ultraviolet (UV) light robotic solutions that can help automate disinfection and potentially combat the spread of COVID-19 and other diseases. UV germicidal irradiation (UVGI) has been shown to destroy the RNA in viruses and can help mitigate the transmission of microbes, which can remain active on surfaces for prolonged periods of time.
The Micron-led challenge invites individuals or teams of aspiring engineers, inventors and professionals in robotics to design a complete solution through a collaborative, open-source approach. As part of the project, Micron will provide access to mentors with skills and expertise to consult on design concepts. Additionally, the Micron Foundation has already partnered with a select group of leading universities from around the world to join the challenge. Students from the universities are encouraged to participate and apply their creativity, innovation and engineering principles toward social stewardship.
"The Micron UV Robot Design Challenge aims to spark development of innovative and highly cost-effective solutions that can have both an immediate and long-lasting impact in the battle against COVID-19 and other pathogen-borne diseases," said Micron vice president of corporate business development, Rene Hartner. "We are targeting design ideas to be submitted by the end of August and are harnessing Micron's diverse internal resources, expertise and partners alongside some of the brightest engineers in the world to make a tremendous difference in our communities."
For more information: https://www.micron.com/About/Newsroom/Events/Micron-UV-Robot-Design-Challenge.
Micron's UV Robot Design Challenge builds on the company's earlier pledge to commit $35 million, including a Micron Foundation relief fund of $10 million to help those disproportionately affected by COVID-19. This pledged amount also includes increasing employee gift matching, introducing financial assistance for team members through grants, providing in-kind support by accelerating payments to small business suppliers, and donating facilities and supplies for emergency medical response.
About Micron Techno
Yes, trkyhntr, but Nobody Expects The Spanish Inquisition.
Out of DKNG at cost
Finally got rid of ABBV at 92.20 a percent of a percent of profit. Good riddance. Did manage to get last quarters dividend though so it's not all virtual zeros.
Well here comes the doom and gloom. Oh well. Looks like I won't be getting my % from HOLX and MU any time soon...AGAIN... Woe is me. Though ECB tossed the kitchen sink in futures still aren't satisfying. Implied open on the DOW was down 20+ points now down 62+ points. Oh well...
SPG suing GAP over 60 million unpaid rent... Really ? And just how is GAP supposed to pay that ?
Powder dry and primed.
Sorry for the loss of your dad, Elroy.
I'm planning on it.
I believe you have IRM as well. They are coming up on ex div on 6/12/20. I'd be wary after that with this. Shorts may hang on and drag lower.
Lockdown Winners and Losers Shouldn't Both Be Rallying; The stock market is sending a contradictory signal about the global economy. Bulls ought to be wary.
7:00 am ET June 3, 2020 (Dow Jones) Editor's Picks Print
By Charley Grant
How much longer will the Covid-19 crisis hamper the global economy? The stock market is giving investors a confusing answer.
As the extent of the pandemic became clear in February and March, the winners and losers predictably moved in opposite directions: companies that depend on the ability to travel or assemble for large gatherings watched their share prices crater while the "stay at home" trade flourished.
Work-from-home equipment providers, telemedicine companies, cleaning-supply manufacturers and food-delivery businesses were among those winners. Drug companies of all sizes that announced new research into Covid-19 therapeutic or vaccine candidates also watched their market values swell as those that relied on postponed elective procedures suffered.
Lately, though, the laggards have had a roaring comeback as states begin to reopen and investors bet the worst of the economic fallout is in the rear-view mirror. A broad index of medical-device stocks has rallied more than 40% since late March as hospitals begin to reopen for routine care. Marriott International shares have gained 60% since early April, while Live Nation Entertainment is up about 50%. Online sports betting startup DraftKings shares have more than tripled since mid-March.
That rebound could still make sense even if nightlife and recreation haven't picked up in earnest. After all, a single lousy year should have a modest impact on most Wall Street valuation models that rely on discounting cash flows. And since markets are forward-looking by nature, stock prices ought to rally before business prospects begin to improve meaningfully.
But stocks that benefit from consumers staying home also should be valued on a longer-term basis, and their prices imply a bet that life won't be normal for a long time. Zoom Video Communications was trading at an all-time high before Tuesday afternoon's results and had nearly doubled since April. Delivery chains such as Domino's Pizza and Papa John's International are trading near record or multiyear highs. Peloton Interactive stock has nearly tripled since March .
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However soon life actually returns to normal, one undeniable effect of the pandemic is that it has taken a big chunk out of economic activity on which the broad stock market's value is based both domestically and abroad. With prices already fairly rich before the pandemic and having made up so much of their losses from February and March, it seems reasonable to conclude that stocks are trading on factors other than changes in underlying business prospects.
Markets rising sharply without any obvious rhyme or reason should give stock bulls pause.
Write to Charley Grant at charles.grant@wsj.com
Well Nick, Still watching SWK and SWT go up almost in tandem. SWK up 7.63 ( 5.85% ) and SWT up 3.71( 4.35% ).
As time goes on the window begins to close. Wary about pulling the trigger, but may nibble a bit ...
Spoke with one of our reps over at Morgan Stanley. They don't cover these equities.