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Best meme ever - applies to so many thingsQuote:
Originally Posted by Tellafriend
FRO
...You're welcome
Long term hold or buy and hit the jump up when awesome q1 earnings come in tomorrow and quickly sell?Quote:
Originally Posted by abrown83
I am hoping for a 50% pop tomorrow, we will see. I will be out fairly quickly, but these tankers are making more money than they have ever made because they are getting high rent and burning no fuel sitting in the ocean holding excess oil. They got dragged down with the oil stocks because of the relationship, but that was a huge miss by the investment community.Quote:
Originally Posted by peter mcneilLong term hold or buy and hit the jump up when awesome q1 earnings come in tomorrow and quickly sell?Quote:
Originally Posted by abrown83
Damn, wished I had checked the thread early and jumped in on that FRO. Need to find something new. These SPY puts aren't going so hot.
Stonks going up again.
My guess is today may be the day we expolde up to 3000. We won’t habe much upside left after that though and we almost assuredly will need to retest the 2780 point after that.
Long now - short in short order is my guess.
"With most institutional investors believing this is a bear rally, but at risk of being forced to chase the trend if it continues, the risk is of bigger bubbles leading to larger shocks," according to Bank of America.
Earnings up huge from last year but a bit below expectations, doubt we will get the pop we were hoping for. Dividend will be .70/share and I believe pays out early June. I ended up getting 500 shares, will sit on them.Quote:
Originally Posted by abrown83I am hoping for a 50% pop tomorrow, we will see. I will be out fairly quickly, but these tankers are making more money than they have ever made because they are getting high rent and burning no fuel sitting in the ocean holding excess oil. They got dragged down with the oil stocks because of the relationship, but that was a huge miss by the investment community.Quote:
Originally Posted by peter mcneil
It's actually legit crazy.Quote:
Originally Posted by peter mcneilEarnings up huge from last year but a bit below expectations, doubt we will get the pop we were hoping for. Dividend will be .70/share and I believe pays out early June. I ended up getting 500 shares, will sit on them.Quote:
Originally Posted by abrown83
We now have a stock that is trending towards a 40% dividend, with a forward P/E of 2.5.
I legit don't understand the market anymore.
I still think that stock could easily double or triple in the reasonably bear future and I'm not unhappy to collect that dividend while I hold it.Quote:
Originally Posted by abrown83It's actually legit crazy.Quote:
Originally Posted by peter mcneil
We now have a stock that is trending towards a 40% dividend, with a forward P/E of 2.5.
I legit don't understand the market anymore.
Hope that wasn’t a Freudian slipQuote:
Originally Posted by peter mcneilI still think that stock could easily double or triple in the reasonably bear future and I'm not unhappy to collect that dividend while I hold it.Quote:
Originally Posted by abrown83
Whoops! I'm feeling cautiously optimistic these days. Real Estate sales in my city dropped down to about 1/4 the usual volume for a spring market early in the lockdown and has now recovered to about 80% of normal volume. The virus seems to be continually fading in the countries that reopen and some initial studies stating we may be closer to herd immunity than we thought. In my province (Alberta) we are doing some of the highest per capita testing in the world and yesterday we had the lowest total new cases since the early days of the virus and we are also well into our reopening.Quote:
Originally Posted by DalyHope that wasn’t a Freudian slipQuote:
Originally Posted by peter mcneil
Abrown - I'm just going to hold my shares of FRO. That stock traded at 13.3 when earnings were a fraction of what they are now. It's an interesting industry to follow, from my understanding the reason it didn't blast up is the unknown demand for offshore storage 18 months out and beyond. We have to hold the stock on June 4th to receive the dividend, correct?
I bought a bunch of EURN.
I guess same logic as FRO.
Yes, you need to holdQuote:
Originally Posted by peter mcneilWhoops! I'm feeling cautiously optimistic these days. Real Estate sales in my city dropped down to about 1/4 the usual volume for a spring market early in the lockdown and has now recovered to about 80% of normal volume. The virus seems to be continually fading in the countries that reopen and some initial studies stating we may be closer to herd immunity than we thought. In my province (Alberta) we are doing some of the highest per capita testing in the world and yesterday we had the lowest total new cases since the early days of the virus and we are also well into our reopening.Quote:
Originally Posted by Daly
Abrown - I'm just going to hold my shares of FRO. That stock traded at 13.3 when earnings were a fraction of what they are now. It's an interesting industry to follow, from my understanding the reason it didn't blast up is the unknown demand for offshore storage 18 months out and beyond. We have to hold the stock on June 4th to receive the dividend, correct?
I only come up with two logical answers. They will continue to use the ships as storage or demand picks back up and ships start moving oil again.
Quote:
Originally Posted by abrown83Yes, you need to holdQuote:
Originally Posted by peter mcneil
I only come up with two logical answers. They will continue to use the ships as storage or demand picks back up and ships start moving oil again.
Doesn’t have the volitility I’m looking for at the moment but I like the play as a buy and hold.
Forgive my ignorance, wouldn't that be a bad thing?Quote:
Originally Posted by abrown83Yes, you need to holdQuote:
Originally Posted by peter mcneil
I only come up with two logical answers. They will continue to use the ships as storage or demand picks back up and ships start moving oil again.
No it's actually better, there's such a glut of oil that they are paying the ships to sit off the coast and store it.Quote:
Originally Posted by OSAForgive my ignorance, wouldn't that be a bad thing?Quote:
Originally Posted by abrown83
So they are getting the daily rates without having to burn any fuel by actually having to move product.
I see. And the alternative is they ship them around per business as usualQuote:
Originally Posted by abrown83No it's actually better, there's such a glut of oil that they are paying the ships to sit off the coast and store it.Quote:
Originally Posted by OSA
So they are getting the daily rates without having to burn any fuel by actually having to move product.
I suppose if it’s a down day for the market and your #1 holding is down but your 2&3 holdings make up for it so younin the green it’s a good day.
Quote:
Originally Posted by DalyI suppose if it’s a down day for the market and your #1 holding is down but your 2&3 holdings make up for it so younin the green it’s a good day.
nvda: we beat earnings estimates by 50 million dollars
nvda: *drops 2%*
More or less...they could always lose their contracts, or have ships go offline for repairs but in general this is a well run business that's just terribly under valued.Quote:
Originally Posted by OSAI see. And the alternative is they ship them around per business as usualQuote:
Originally Posted by abrown83
Meh. Euronav going the wrong way. May bail now and cut my losses.
Lol.... you know what’s not being talked about...? That 20 point drop the last hour that put us back in the megaphone.
I smell a rat
sanlimar
https://www.stockamets.com/forum...m-2013#post166
1 year before 'flash boys' was published.
get some.
Looking like weekend Wall Street has the S&P up 35 points at the open tomorrow to 2990ish.
Thoughts on Spirit Airlines? Still trading around $10 and has been as high as $80 and came into the virus at $43. From my understanding it's a shitty budget airline in good shape as far as cash and my guess is they come out of this ok. Considering tossing some money at it.
sounds like one of those things where if you hold for a year.. 25% chance you clear 3x profit, 50% you clear 100% profit, 25% it goes to 0.
Quote:
Originally Posted by sonatine
thats some gary vee shit right there lol
Going to be some people who shorted into the long weekend who find out “what could go wrong” this morning.
a lot of bull faces might be about to get torn tf off.
I sold 60% off about an hour ago and then bought a new 10% position in EDR.Quote:
Originally Posted by sonatine
The Mancini thread on twitter is basicaly doing a collective shrug in if we go straight to 3100 or retrace to 2960 first. Neutral stance feels right about now.
If it runs to 3100 I’ll take it. If we retrace I’ll buy back.
Won’t be any degree all in moments for the account until we get to 3100 or through 2960.
Quote:
Originally Posted by DalyI sold 60% off about an hour ago and then bought a new 10% position in EDR.Quote:
Originally Posted by sonatine
The Mancini thread on twitter is basicaly doing a collective shrug in if we go straight to 3100 or retrace to 2960 first. Neutral stance feels right about now.
If it runs to 3100 I’ll take it. If we retrace I’ll buy back.
Won’t be any degree all in moments for the account until we get to 3100 or through 2960.
well fuckin done dude, ^5.
honestly i have no technical reasons of note beyond the obvious for predicting face destruction beyond the fact that bull sentiments are running white hot and we all know how that story ends.
woops strike that spy 330
Am I doing it right if my port is up 3.5x the amount the DJI is up?
Lol.... you know what’s not being talked about...? That 20 point drop the last hour that put us back in the megaphone.
I smell a rat
$CYDY that spec stock I posted about a while back just announced they are uplisting to NYSE or Nasdaq.