***Official*** 2018 Stock Market Thread

[KB]

It's not only wrong, it's financially stupid. People aren't going to start smoking cigarettes again. Their business is basically selling to war torn countries in the Middle east and africa. Once those countries develop they will also stop smoking. It's basically like investing in coal-fired boilers.

Cigar sales have grown, particularly in wealthy China (https://www.reuters.com/article/us-...t-record-as-china-demand-surges-idUSKCN1GA2YL). Smokeless tobacco has also grown (https://www.ftc.gov/news-events/pre...s-cigarette-smokeless-tobacco-sales-marketing) and vaping is becoming the new cigarette smoking.

Few cigarette companies are solely in the business of cigarettes. As mentioned Altria owns several wineries, and a good portion of SAB Miller brewing. They have been very good for shareholders with generous dividends and stock growth. Some people won't buy morally questionable companies like oil, tobacco, guns or gambling, but I look at it economically.

 

[woodman1999]

Really enjoying medical device companies lately.... ISRG just hit a new high....

 

[zinfamous]

It's not only wrong, it's financially stupid. People aren't going to start smoking cigarettes again. Their business is basically selling to war torn countries in the Middle east and africa. Once those countries develop they will also stop smoking. It's basically like investing in coal-fired boilers.

China. The chinese smoke a shit-ton of cigarettes, and it's where the market has been for 10 years now. They aren't stopping anytime soon, either. While they have their own brands, the American brands are generally considered premium, luxury, and are customary to exchange with business partners and clients.

 

[s0me0nesmind1]

China. The chinese smoke a shit-ton of cigarettes, and it's where the market has been for 10 years now. They aren't stopping anytime soon, either. While they have their own brands, the American brands are generally considered premium, luxury, and are customary to exchange with business partners and clients.

It is possible for the US market to come back - I do know Phillip Morris is working hard on a new device for e-cigg smoking. Which you know, has kinda taken off with the hipsters.

The device is also semi- controversial, because it also apparently harvests data with it to too heh.

 

[AznAnarchy99]

Did anyone buy Facebook a few months ago during the scandal?

 

[FIVR]

China. The chinese smoke a shit-ton of cigarettes, and it's where the market has been for 10 years now. They aren't stopping anytime soon, either. While they have their own brands, the American brands are generally considered premium, luxury, and are customary to exchange with business partners and clients.

They are smoking less every year. Their per capita PPP is rising faster than any country on earth. Very soon they will go through the same transition that Europe and North America have already gone through where people simply stop buying cigs.


These are companies that literally kill their customer base and you think this is a sustainable business model? There is a reason PM stock has been crashing for YEARS and it's not because people in china are smoking a lot.

 

[zinfamous]

It is possible for the US market to come back - I do know Phillip Morris is working hard on a new device for e-cigg smoking. Which you know, has kinda taken off with the hipsters.

The device is also semi- controversial, because it also apparently harvests data with it to too heh.

I think they make the juul, right? That thing is a tween sensation, but they are again treading into dubious territory wrg to marketing to kids. Though I think it is mostly customer marketing as they don't really advertise...but they do offer mango and cherry flavor or something like that, which is what killed them back in the yuge settlement days.

 

[Red Squirrel]

I'm losing money on pretty much all my stocks right now lol. I'm more into penny stocks though, I figure it's a high risk but yet could be rewarding. All the big stocks like Microsoft were penny stocks at some point.

I'm kinda vouching for Gowest (GWA) though. I could see them become the next Detour Gold or Goldcorp in the future. They got some setbacks so the stock tanked but that's probably temporary, debating on buying more since I have a couple hundred bucks of cash in my stock broker account.

This is all play/gabling money anyway. I figure it's slightly higher chance than winning the lotto.

 

[FIVR]

I'm losing money on pretty much all my stocks right now lol. I'm more into penny stocks though, I figure it's a high risk but yet could be rewarding. All the big stocks like Microsoft were penny stocks at some point.

I'm kinda vouching for Gowest (GWA) though. I could see them become the next Detour Gold or Goldcorp in the future. They got some setbacks so the stock tanked but that's probably temporary, debating on buying more since I have a couple hundred bucks of cash in my stock broker account.

This is all play/gabling money anyway. I figure it's slightly higher chance than winning the lotto.

Get out of penny stocks man. You are not warren buffet, and this is not the 70s. Big money is all going into big name stocks these days (mostly big cap tech) and that's where you should be 100%.


I am up over 40% YTD just trading TSLA, AAPL, and AMD. Mostly lost money on Tesla but the others have more than made up for it. TSLA will come back on tuesday.

https://www.tesla.com/shareholdermeeting

If you want to have good time investing, just buy Tesla. Or short Tesla. Either way, every day vacillates between a pervading sense of terror that you will go bankrupt and euphoric visions of your future private jet.

 

[Red Squirrel]

Get out of penny stocks man. You are not warren buffet, and this is not the 70s. Big money is all going into big name stocks these days (mostly big cap tech) and that's where you should be 100%.


I am up over 40% YTD just trading TSLA, AAPL, and AMD. Mostly lost money on Tesla but the others have more than made up for it. TSLA will come back on tuesday.

https://www.tesla.com/shareholdermeeting

If you want to have good time investing, just buy Tesla. Or short Tesla. Either way, every day vacillates between a pervading sense of terror that you will go bankrupt and euphoric visions of your future private jet.

I don't have a lot of money to invest, I have to buy in groups of 100 stocks on the website I trade on so there's no way I can get into the big stocks. It was a pain setting up that account too, tons of paperwork and crap, so not doing that all over again on another site.

 

[JTsyo]

I have to buy in groups of 100 stocks on the website I trade on

Why would you sign up for that? Do they do everything with options or something? Paperwork for a regular brokerage account isn't too bad, at least in the US.

 

[zinfamous]

Why would you sign up for that? Do they do everything with options or something? Paperwork for a regular brokerage account isn't too bad, at least in the US.

Is it possible that this brokerage only deals in penny stocks (if not options)? Also could be that being Canadian, this is a Canadian brokerage that allows for US stock trading, but only if US-based stocks are bought in lots of 100 due to various international trade fees?

 

[AznAnarchy99]

NVDA and AMZN doing well today. Keep pumping up my numbers!

 

[Red Squirrel]

Why would you sign up for that? Do they do everything with options or something? Paperwork for a regular brokerage account isn't too bad, at least in the US.

There's not all that many trading sites here. So just picked one of the few that was recommended which is Virtual Brokers. In fact I got a notice of TONS of paperwork if I want to trade US stocks, I can't be bothered, so been sticking with Canadian stocks for now.

I should have bought more bombardier stocks though, it's the only one I actually made money with but sold too early. It's the name of the game.

 

[dasherHampton]

I'm losing money on pretty much all my stocks right now lol. I'm more into penny stocks though, I figure it's a high risk but yet could be rewarding. All the big stocks like Microsoft were penny stocks at some point.

There's money to be made in penny stocks, but prepare for a bleary eyed, headachey lifestyle as you sit in front of your monitor for hours on end.

 

[dasherHampton]

I'm intrigued by IQ.

The average price target is 147 and it sits under 30 right now. I sold some 25 puts and they were pretty lucrative.

 

[dasherHampton]

If you didn't get fat on NKTR this morning you haven't been paying attention.

I'm trying hard to make you guys rich so you can get chicks.

Seriously though - that was the easiest bounce in the past year.

 

[woodman1999]

wait a minute, when did you mention NKTR?

 

[FIVR]

Long AMD, Long TSLA, Short INTC. God damn I love money

 

[FIVR]

Going all in AMD at 9$ is like buying AAPL at $30

Remember when I said this?

 

[woodman1999]

So sell in May and go away applies to this group as well?

 

[FelixDeCat]

So sell in May and go away applies to this group as well?

I thought we were in a bear market just a few months ago. The QQQs were off 15% from its highs and has now recovered all of it. Turns out to have been a very sharp correction.

But rates are still going up (ar .25 to .50 increase expected 6/13/18) and trade is still in flux.

...and the year is only half over.

 

[DietDrThunder]

I don't know what to say. Comparing to last year, which was a really good year, on 6/11/17 my portfolio was up 13.12%. This year as of 6/11/18 my portfolio is up 16.01%. My only complaint is that I was waiting on a crash and am sitting on too much cash. 2017 I ended up 28.802%.

On another note, I expect the market will be down today because of Trump pulling us out of the G7 (now G6), and because of negotiations with NK.

By the way, we've only completed 110 trading days and we have 146 trading days left counting today, so we aren't at the half way over point yet.

 

[dasherHampton]

Alright, Lending Tree. Lets see what you've got.

I have the buy order queued up and ready to go if it bounces.

 

[FelixDeCat]

Alright, Lending Tree. Lets see what you've got.

I have the buy order queued up and ready to go if it bounces.

I looked at Lending Club stock once, thankfully I stayed away. Instead Im back in oil. Long Chesapeake Oil @ $4.77.