SleepingTitan Posted May 27, 2020 Report Share Posted May 27, 2020 12 hours ago, OILERMAN said: 45.75% from the low in 401k There will be less volume as companies cut costs and layoff. The company I work for just cut our 401k match until next year. They employee about 150,000 people world wide. For our company alone, that means a lot less funds will be purchased. I'm sure a lot of companies will do this. OILERMAN 1 Link to post Share on other sites More sharing options...
pat Posted May 27, 2020 Report Share Posted May 27, 2020 The blip won't just be from earnings but also the shock of the second outbreak in the South. Generally though I believe the market has already priced most of this in. The economic shock will be felt by all the companies outside of the stock market. As things reopen these larger companies will clean up. Link to post Share on other sites More sharing options...
Downtown Posted May 27, 2020 Report Share Posted May 27, 2020 Corporate buy backs and Americans in denial about the fundamentals of the economy have sent and kept the market overvalued. The market is even further fueled by short term gain seekers right now who don’t care about the fundamentals of a company. Companies and especially Tech companies are even more wildly overvalued. It’s interesting to watch. After good earnings, Aurora Cannabis bought an American CBD company that had a $40 million market value. Their stock then went up $600 million in market value as part of the news and people bought into that. It’s already overvalued stock. One scare and everyone panic sells off right now. SleepingTitan 1 Link to post Share on other sites More sharing options...
SleepingTitan Posted May 27, 2020 Report Share Posted May 27, 2020 3 hours ago, Downtown said: Corporate buy backs and Americans in denial about the fundamentals of the economy have sent and kept the market overvalued. The market is even further fueled by short term gain seekers right now who don’t care about the fundamentals of a company. Companies and especially Tech companies are even more wildly overvalued. It’s interesting to watch. After good earnings, Aurora Cannabis bought an American CBD company that had a $40 million market value. Their stock then went up $600 million in market value as part of the news and people bought into that. It’s already overvalued stock. One scare and everyone panic sells off right now. While I agree about corp buybacks, there are still deals out there. For example, in the cannabis industry, don't fucking buy volatile pumped weed stocks. By companies like IIPR (a REIT) that buys revenue generating assets (renting warehouses to weed companies). Levi Strauss had the same philosophy during the gold rush. The company has like 13 employees who are all heavily invested in the company. The stock I mentioned is heavily undervalued in a growing industry. A week ago it bought a property and leased it in Cali immediately. Turnkey money. I think the stock is worth over $120 but it's trading closer to $80. Lots of deals out there. Most of the volatility right is panicking investors, giddy investors, and dumbass options traders. Go check out Reddit: Wallstreetbets ChemEngr79, and OilerTitanHybrid 2 Link to post Share on other sites More sharing options...
OILERMAN Posted May 27, 2020 Report Share Posted May 27, 2020 Another huge day, when will it stop? When do you get beck in, is another pull back coming? Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted May 27, 2020 Report Share Posted May 27, 2020 1 hour ago, SleepingTitan said: While I agree about corp buybacks, there are still deals out there. For example, in the cannabis industry, don't fucking buy volatile pumped weed stocks. By companies like IIPR (a REIT) that buys revenue generating assets (renting warehouses to weed companies). Levi Strauss had the same philosophy during the gold rush. The company has like 13 employees who are all heavily invested in the company. The stock I mentioned is heavily undervalued in a growing industry. A week ago it bought a property and leased it in Cali immediately. Turnkey money. I think the stock is worth over $120 but it's trading closer to $80. Lots of deals out there. Most of the volatility right is panicking investors, giddy investors, and dumbass options traders. Go check out Reddit: Wallstreetbets Have watched IIPR for a couple years and even traded it a few times, but never held onto it. Was a bargain buy down near 40 a couple months ago. A buy at 10 bucks 2 years ago would have been a 10 bagger! SleepingTitan 1 Link to post Share on other sites More sharing options...
SleepingTitan Posted May 27, 2020 Report Share Posted May 27, 2020 9 minutes ago, OilerTitanHybrid said: Have watched IIPR for a couple years and even traded it a few times, but never held onto it. Was a bargain buy down near 40 a couple months ago. A buy at 10 bucks 2 years ago would have been a 10 bagger! I'm just gonna hold it. They may get some really good deals on warehouses that had to close doors soon. Rev is gonna be nuts this time next year. OilerTitanHybrid 1 Link to post Share on other sites More sharing options...
OilerTitanHybrid Posted May 27, 2020 Report Share Posted May 27, 2020 25 minutes ago, OILERMAN said: Another huge day, when will it stop? When do you get beck in, is another pull back coming? lol It's a mind boggling market! I have a lot of questions! These fucking reindeer need to spill it! Link to post Share on other sites More sharing options...
Starkiller Posted May 27, 2020 Report Share Posted May 27, 2020 2 hours ago, OILERMAN said: Another huge day, when will it stop? When do you get beck in, is another pull back coming? There is a lot of optimism right now on Wall Street, so I put money into the VIX... OILERMAN 1 Link to post Share on other sites More sharing options...
Downtown Posted May 28, 2020 Report Share Posted May 28, 2020 7 hours ago, SleepingTitan said: Most of the volatility right is panicking investors, giddy investors, and dumbass options traders. That IS your market at the moment. Institutional money is largely out on the sidelines right now. That’s why I look to the new trend of Robinhood. Volume is propped up by people not looking to hold a stock any longer than through the week. Link to post Share on other sites More sharing options...
ManningEnvy Posted May 28, 2020 Report Share Posted May 28, 2020 Hey Touched The Tard, too bad your tard ass belongs to me on this board huh? Link to post Share on other sites More sharing options...
OILERMAN Posted May 28, 2020 Report Share Posted May 28, 2020 20 hours ago, patsplat said: The blip won't just be from earnings but also the shock of the second outbreak in the South. Generally though I believe the market has already priced most of this in. The economic shock will be felt by all the companies outside of the stock market. As things reopen these larger companies will clean up. It's possible the Federal Reserve just pours money into the problem whether there is a big 2nd wave, unemployment gets worse etc...... It's not a prediction but a possibility. I was actually hoping the bottom would last a lot longer to get more cheap shares but that's not gonna happen wiscotitansfan 1 Link to post Share on other sites More sharing options...
Starkiller Posted May 29, 2020 Report Share Posted May 29, 2020 On 5/27/2020 at 5:21 PM, Starkiller said: There is a lot of optimism right now on Wall Street, so I put money into the VIX... So far, so good... Link to post Share on other sites More sharing options...
oldschool Posted May 30, 2020 Report Share Posted May 30, 2020 Buy MSFT and invest in ETFs like Clou x and gold. Link to post Share on other sites More sharing options...
SleepingTitan Posted May 30, 2020 Report Share Posted May 30, 2020 The recent job cuts and riots are not good. China NK tensions on top of that. Now Israel shot an unarmed guy. Oil dumping. Monday is gonna be a terrible day for the stock market. We may see a crash. Link to post Share on other sites More sharing options...
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