Bankruptcy discussions mixed with hyper-rebounding market. Crazy price action.
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Another 10% for me today on my long stocks. Insanity.
My group and I got into PLAY / Dave & Busters @ $9.50 when we were sitting around a table having our first beer together post SC restrictions about a month ago. My buddy said, “we need to look at PLAY.” I said, “my kids love that place, but my wallet does not.” We all bought on open that morning and we’re at 125% right now.
I’ve been making stupid amounts of returns on random options. I bought two contracts for all of $85 while on a conference call. Think I bought it last week or week before. Up 8.5x. Just need to hit $1200 and I’ll buy new wheels for my truck.
They own children’s ideas/concepts, like Llama Llama. They are about to release a children’s content channel called Kartoon Channel on 6/15. Some call it the Netflix of Children’s entertainment.
Shorts have been killing it the past 3 days ahead of the big release, and the CEO released a PR on it today debunking their claims; can be found on their website. A truly incredible rebuttal.
I’ll be honest, I’m not concerned. It’s going to suck, and everyone knows that. There should be some pullback, you would think. Everyone said Q1 earnings were priced in, but we pulled back. Q2 will be far worse, so we’ll see. I may take some profits on some of my quick hitters and move to GNUS or LK.
Trying to be patient. But it is hard when the gains are coming so fast and like you stated shitty earnings are around the corner along with other hazards.
I cashed out everything except LK (bought at 2.10), KMI (bought at 14.5), AZN and GILD, both of which have lost or gained nothing for me. this was my first foray into the market and i learned a lot- mostly that to make money you have to risk money. I had $20k in my etrade account, but spent the first couple months of this market bounce just using $5-10k of it… stupid. And then i also kept cashing out after 5%-10% gains instead of letting the stock run. doubly stupid. a couple weeks ago i finally had enough companies i liked to invest nearly the whole $20k and made more last week than i had up to that point. Now im just sitting back waiting for some type of correction from this insanity. Nothing is priced low enough for me to bite off a big chunk, so for now im gonna just speculate with a couple hundred here or there on stocks waaaaaaay down from previous highs but with huge upside potential… like in GNUS (thanks IronOne) and LK.
A small part of me wants these protests to spike another wave of CV so the market can crash again and i can use what i learned to make some serious money this time around. Fuck, money is terrible, and makes me a terrible person. SMH.
Timing the market is hard my friend. You easily could have been better off cashing out after the 5-10% gains, but this time it turned out to be better to hold a bit longer. Long term index investing is my normal strategy, because it has historically had good returns long term for the last 100 years or so. You might be down for a year or two, but in 10 year periods it has only happened to be lower a couple of times in the last 90 years.
Right now I did buy single stocks in airline, cruise, oil, and banking, and have made about 60% on my investment in 3 months. Best I have ever done, but I would be foolish to think I could pick winners like this long term. Easier when there is an obvious drop due to an event.
Rogue Echo bar, Pendlay bar, Rogue bumpers (4 x45, 2 x 35, 2 x 25, 2 x 10, 2 x 5, 2 x 2.5), DB assortment ranging from 10 to 70, some are only singles and some are 3 of a kind (?), Rogue rings (They came with everything else) and a Rogue Assault airbike. And he gave me some bricks of chalk. I didn’t have room to buy the GHR, the plate rack or the Pendlay rack, much to my great disappointment. I’m out $1450 for everything.
Gold is up vs USD huge amounts over long periods of time
It doesn’t have to be either/or - people can buy gold and stocks
He has already said he’s in gold, real estate, cash, at least (can’t remember if he’s mentioned anything else)
I am in both gold and stocks, I would recommend people to diversity across asset classes, and stocks and gold are good places to start since you can buy like $200 worth of either one (or less!!). Real estate is a bit harder because it’s more expensive
There’s definitely been periods of US history where gold outperformed stocks
It was a little silly in nature. I think I went there due to his smugness and anti-stock and dollar nature. I have a different opinion, that simple. I can’t trade stocks with gold. So it’s not of much use to me.
Again, no issues with gold as a hedge and diversification. I have no need to hold it right now because I like my options better in the stock market.
Traded (as opposed to invested) for the first time in a long time today. Sold the CHK $30 calls expiring on Saturday at $.85 and $.60. I’ll scale out between $.1 and cab over the next few days (markets willing).
