Personally, I’d sell when economy comes back and virus concerns subside.
Why? This is a temporary moment in time. Your profession spans decades. It’s weird to want change a profession based on a single short-term market decline.
Do you worry about 737 issue, or Delta swapping 777 for AirBus, or even months of airlines and flights running at massively under capacity?
I do not, mid-long term.
Short term resistance/pain will persist. When Max gets recertified, you’re looking at a +50 day.
Duopoly. Diversified business. Moat for ages.
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I just sold my handful of shares in FB that I bought for 202. I think I’m going to go back in pretty aggressively if it falls back down to 210.
For now, I’m playing the waiting game on a bunch of stocks I’ve recently sold. Waiting for reality to hit the market… Which may never happen haha.
So, I’ve looked into SKT more, and the more I like it. Thank you for the tip.
I’ve been accumulating it in increments, and love the long term opportunity.
-ample cash on hand to survive 2 years with no rent collections (unlikely)
-trading 1/3 52 week high, 1/8th 5 year high
-open air mall - more opportunity to social distance
-discount name brand apparel - who’s not looking for a deal right now?
-tanger tenants will be overloaded with apparel this fall since spring/summer didn’t move due to Covid, and tenants may place an importance on these stores over high end mall rents to move the old inventory
-dividend suspended, which I’m totally fine with, but I expect it back in 2021 at the latest, and it’s a fat dividend
Buying clothes online is not working for a lot of people. My wife has complained about returns nonstop this year. I had a eureka moment, when she said it again this past weekend.
I promptly started buying more SKT.
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I ended up buying a call option of 5/29 for WF yesterday, before closing with a strike price of $25 for .35c. Today, I sold for a nice 35%.
Short term options in the current market have been pretty good for me.
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Virus isn’t causing our economic maladies. Decades of bad monetary and fiscal policy are. I believe our economic problems are long-term.
I mean, let’s not move the goal posts. Are we talking about our current position or our inability to spend to a budget, at a state and federal level?
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So I bought 100 shares of Luckin Coffee for a straight gamble today. $2.00 average.
This should be interesting.
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Hey, have you all received your tax refund yet? For the past 15 years or so I’ve received it within a day or two of submitting. It’s been months now and I still don’t have it. I did get the Care Act payment.
I have never heard of anybody getting their tax refund the day after submitting.
But yeah, I got my tax refund, months ago. Definitely not right that you haven’t gotten it after months. Did you go on the IRS where’s my refund website?
Thanks for the tip. I just got on the IRS Where’s My Refund Site. It says my refund is still being processed. I suspect I’m getting audited because it’s been well passed 21 days.
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I got mine in 2 days this year. That was before COVID was a huge deal in US.
Futures gapping up! 300 points atm
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Got mine from the state but not Fed. Filed electronically on 3/25.
Similar move two weeks ago ended up representing the week’s gains. Eyeing that new 55-day high mark like a turtle …
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Airbus up 8% today, you know what that means for Boeing tomorrow… 
Bought 100 shares of Live Entertaiment (LYV) 2 months ago at $29 a share. Sitting at $47 today. Will continue to rise as more things open up. Oil/energy companies will do the same long term. 
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You a Cuban disciple? 
Good stuff man! Get it!
I think we’re in for a big week with everything reopening.
Alright dudes, time for everyone to update their current investment strategy.
Economies are opening up. Still, there’s many risks ahead of us:
-return of the virus (is that a movie title?) (shutdown)
-poor economic data
-poor earnings
-elections & general politics
-fake news
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Tech is showing weakness. I think this is temporary though, as retail and institutions shift to value (my Coronavirus stricken stocks - thank you!).
My opinion:
Providing we keep Coronavirus quelled to a reasonable level, which I think we will, we soar to all time highs and top it another 10-15%.
I just booked a late July family vacation and will skim off some of my earnings to fund the entire trip. Booya!
Jump in you scaredy cats! The water is warm!
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