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Inflation.
That's funny Elroy. Just want to qualify what you said: Confused socialists like tRUMP.
MU restated their earnings and though I let go of some at 47.50 it is on a tare. This to me is negligent on their part and is going to be litigated. On 5/20 they stated their earnings. The die was cast. now they restate mid stream and mess with their stock price sending it higher before the news came out on the restate.
That and a subway token won't even get me on the subway. It's closed.
I had suggested UNM a while back.
Reduced MU at 47.50 and will buy back lower.
Nice one SF
Watching AMZN this morning takes me back to watching stocks value melt away back in March. This time though it's a matter of finding where the carnage ends and the profit begins.
Down over 1000 in a few days. Go figure. Nobody said it would be easy.
None of this will happen. It's just theoretical. The fools in office will continue to push us down a rabbit hole touting how good the American "anti socialist" health care system is.
I have bigger fish to fry SF. AMZN is going into free fall and I'm holding. Will try to get out when the time is right. Whenever that is.
I'm nearing pre-melt down levels of asset values in my trading portfolio. Just a few % below top.
The dividend portfolio is still down. Not as bad as before but still horrible- down 25%.
Thanks SF,
So noted. Some I've been watching for a while. Albemarle, Bristol, AMAT and AVGO for example. I own ABBV and am waiting to get out. Don't care about its dividend.
Albemarle and lithium has been an interesting story for quite a while, but frankly stock action hasn't been interesting to me.
Nice dividend rate in TD. I'll be looking to open a variety of sectors and names when this upswing corrects. TD included.
Too late for keeping stops tight. AMZN is a small portion of this portfolio, hence good reason to sell when rising nicely and buy when lower. I was in this too high this last time and will be watching and waiting to get out at cost. If it doesn't pay then look somewhere else. At these levels I'm far from holding, or adding, but presently will wait it out with no other choice. - Famous last words.
Thanks SF.
"Not the easiest person to work for"- The understatement of the year S.F.
On the other hand. Good news may be baked in before that. Sell the good news, buy the bad... ?
I administer a What's App Latin and Ballroom Dance group consisting of 65 participants. We've been meeting at a park on Staten Island for the last 5 weeks. First my GF and I just practicing, now steadily growing. We had 10 Dancers yesterday practicing "Social Distance Dancing". Everyone wore masks and used hand sanitizer. I provided the Bluetooth Dance music.
Singles practiced steps on their own and couples Danced together. We also instruct at 2 recreation centers. The centers are closed and we see that even when they open we won't be holding classes for quite some time. We also take classes, at least 3 times a week. So since they haven't started back up we practice at home then instruct during our meets at the park. We promote and encourage other instructors to attend and provide short Dance instruction seminars. This activity is beginning to gain interest and participation. It's good to get out, Dance and socialize.
The restrictions here are loosening. Though resorts we go to in Pennsylvania and New Jersey and the Country Club we belong to is open, we've refrained from going to any of these venues.
Good morning,
IRM upgraded over the weekend to hold.
Closed CSCO pre market at 45.60 from $44.
I get that Court. One thing. The liability of the 401k. Once you're retired be absolutely sure to put the 401 into an IRA. The beneficiary IRA you mentioned will benefit by easily being able to receive the proceeds from your IRA.
On the other hand, missed the opportunity this a.m. to cost out of AMZN with a minor profit and SLQT with a minor loss. Looks like I'll be holding these doggies over the 3 day. Hope they don't leave something behind I'll have to clean up. Though this is a small portion of my portfolio, I won't commit more $$$ into anything else, though I do see opportunity on a day like this. Oh well.
Nick, AMT is leading the market today.
Certain contingencies SF-
1. You're still employed. I have been retired since 56, 10 years ago.
2. You're still going to pay taxes on the money withdrawn, so your future tax savings will be contrasted by the taxes you're paying now.
3.You'll have to pay taxes out of future earnings anyway since you will effectively reduce your net worth with tax outlays next year to cover your Roth conversion.
4. My own philosophy is keep as much money as possible and not pay taxes until absolutely necessary, so this method I wouldn't subscribe to. Since taking massive amounts out now and paying taxes next April isn't as good as taking small amounts out later on as needed or required by RMD.
What do you think ?
China's CanSino shows promise with their coronavirus vaccine. - Bloomberg.
Good luck with DOW. I was in it and got out without a haircut. TD I like though.
I'll take a closer look at RH Elroy, thanks. Western Digi and Seagate still have good products for an old dinosaur like me. Not that I've considered either for months to invest. But I'm not a cloud guy so everything I have may get a backup online but its on CD, DVD, hard drive, SSD and USB drives.
Reopened AMZN again after hours 2452. A bit too high but...
Going in to phase 3 trials shortly. I was looking at that this morning thanks to CNBC. Didn't buy though.
Opened SLQT on an IPO at 27.80. Just a nibble. I'll monitor this with tight stops.
Closed amzn at 2472, quick round trip.
First wave isn't finished yet and we're talking second wave.
I did scale back in 2018. Wanted back in at $139 or lower this past March. Didn't really go significantly lower there. I still have 1/2 my original position from post IPO at $40/share Nick.
reopened AMZN at 2449. A nibble post market.
Anyone in the white house will have a lot more on their plate than MO's dividend Nick.
Slightly ? It'd be good at $154, not $181.
Elroy, AMZN did break out. I'll wait.
FB off $1 from its high...
I was looking and considering MCD at $154. A bit too late to the party for that one.
Thank you SF,
Facebook is nearing its all time high.
Why buy MAR then ? To wait for a few years down the road and collect a 2% dividend ? Okay.
I'll be looking to re-open AMZN if the opportunity presents.
I mentioned when this melt down occurred that among others, restaurants and internet security firms would be stocks to watch and perhaps add to or open. I'll say this. There will be winners and losers in the restaurant space. Companies like WEN MCD, Dominos etc, will do well.
SF, your info on these markets is right on.
I don't know about whether you might trade out of AMZN near its recent all time high. Can't comment on the tax ramifications.
My tax ramifications are clear enough. I hollowed out my portfolios taking profits near highs as the melt down occurred. Unfortunately most were in a taxable account. Some weren't.
Some were in qualified accounts- V, APO, BX, STWD which turned negative on me, EQH even MRNA believe it or not at $34.74 and GILD at $78.88. TQQQ, BX APO, and IBM numerous times etc. Those were winners, some losers too, which I won't boast about. I still have 1/2 position in STWD unfortunately and NFBK that went from a 1000+% profit down to a 400% profit.... Everything else is gone now. Even V, that I had said I wanted to reduce my position liability and buy back lower which I promptly did not do at $179 after selling at profit $184. Look at it now !
I have many oil and REIT related stocks that have numerous downgrades and losses. I'll eventually trade out of these as well,. These were supposed to be steady dividend earners that turned to crap. Unfortunately, I could not get out of these as the bloodshed ensued.
So I rebuild my portfolios exacting cash from this market to offset year end forth coming losses and to balance out my portfolios. I have no doubt I'm going to get hammered tax wise, but will continue trading to offset those costs and be sure to keep the needed funds from profits available to pay those taxes... Once the losses are counted.
Don't get me started on CSCO. You know Elroy, I used to trade CSCO from $16 a share into the $20's. Let it go as it ran out of that range and didn't look back. Now, I don't get CSCO. I own it and will probably close shortly if the opportunity presents. That opportunity for me was yesterday as the market even floated that boat. I would have taken 2-3% on it, but didn't. Oh well. I guess WEBX isn't enough to make a mark with CSCO so I won't wait around, even though I admire the company, as I do and have followed DIS for 30 years. Admiration gets me nothing though, so there's that.
Closed AMZN again at 2469.50 from yesterday's purchase at 2408.50
I still see it trading within a range, Elroy. It may push through, but how much of a push through. It's near it's high, which I'm watching very carefully. Thank you for your input.
You, SF, Court, and of course Nick offer so much here that it's a pleasure reading everything posted.
I'm in !!!
Looks like I'll be selling some AMZN again this a.m....we'll see...we'll see.
Market still making me look like an amateur today. But, after all a profit's a profit's a profit. I'll take it. Almost even up in my trading portfolio to pre melt down levels. That's a good thing....but...
Nobody expects the Spanish Inquisition.
Closed TQQQ at $77. From last weeks $72.10.... Boosting cash.
Disappointing day. Haven't been able to get what's needed from AMZN, IBM, ABBV, CSCO.
On a day like this could have done much better.
While INTC quietly crept up to over $60/share.
On a significant pull back, I'll be looking at 2 funds that were little affected by the rout.
MACGX
MSEQX
You lost me with "GTA". I'd just look at one stock at a time. Study and corral, then let go. My I5 desktop and I5 laptop with 12 gigs and 8 gigs ram respectively I hope would be enough.
Though I trade muchly Nick, I do mostly using Ameritrade. My Fidelity accounts are pretty static, unfortunately for me. Though I guess I could talk with my Fidelity rep about it.