Discussion ***Official*** 2020 Stock Market Thread

[ultimatebob]

Where are the DOW 30,000 hats? I wanted to see the traders wearing them

 

[FelixDeCat]

Where are the DOW 30,000 hats? I wanted to see the traders wearing them

Oh lawd....expect to see them on the 1/2 day Friday.

 

[FelixDeCat]

For the record, I think things look safe enough to go back into the market. I am now 50% stocks, 50% junk bonds in retirement account.

(watch this bite me in the ass later)

 

[ultimatebob]

For the record, I think things look safe enough to go back into the market. I am now 50% stocks, 50% junk bonds in retirement account.

(watch this bite me in the ass later)

Usually, this is the time for the Santa Claus rally. This is 2020, though... so who knows? Joe Biden could catch COVID and the whole market would panic.

 

[s0me0nesmind1]

Usually, this is the time for the Santa Claus rally. This is 2020, though... so who knows? Joe Biden could catch COVID and the whole market would panic.

I think were at the top of the bubble... especially once people come back to reality and everyone gets evicted when protections end, mortgages will go bust - and the house of cards will tumble down a bit. but hey - I'm a pessimist. I also don't see the employment numbers getting any better anytime remotely soon.

I still begrudgingly don't touch my tax-advantage contributions, and continue my after-tax index investments as well.

I'm keeping my "fun money" out for now - which really is probably a good idea because I have some home expenses that are going to bite into it quite a bit - New ACs, Fence replacement, new water heaters, new carpet, etc...

 

[IronWing]

https://www.cnbc.com/2020/11/24/tru...e-press-conference-leaves-after-a-minute.html

lol. Trump held press conference today to tout Dow 30,000. I feel like I'm living in Twilight Zone. Seriously, wtf? Send in the Clowns!

New transition, same crap. From now until the inauguration, it's either to the new guy's credit/fault or to the old guy's credit/fault, depending on up/down.

 

[njdevilsfan87]

Weed stocks are picking up momentum. Kamala said it on live TV during the VP debate... they will legalize it at the federal level. That's all that was needed to set off this next speculative boom.

 

[ponyo]

Weed stocks are picking up momentum. Kamala said it on live TV during the VP debate... they will legalize it at the federal level. That's all that was needed to set off this next speculative boom.

Any weed stocks you recommend?

 

[njdevilsfan87]

CGC, CRON, APHA, and VFF are my picks in that sector.

 

[s0me0nesmind1]

CGC, CRON, APHA, and VFF are my picks in that sector.

MJ for an Index-fund version?

 

[Svnla]

My old stock from my former company went up almost 10% in less than a month. Not bad. Still far from the all time high a few years back. Crossing fingers.

 

[zinfamous]

Well, I guess that asks the question of - how long are we expecting the average battery to last? Or last to the point where it gets a significant amount of miles and hasn't deteriorated to the point of only getting 40 miles or something?

Battery hot-swapping would negate this - since you're constantly swapping new ones that are approved of by the distribution company. Once they get below a certain threshold, they would be taken out of the distribution chain and recycled.

I believe Nio is calling it "Battery as a service" and making it out to be a continuously paid service.

the same single battery tech in Tesla cars are being 30 year warrantied to act as whole house power storage for your house.

your house.

...what was your question again?

 

[dasherHampton]

Why didn't I just buy 1000 shares of Palantir when it went public?

It was at $9-$10 a share and I had plenty of room on one of my accounts. I even had the order queued up and ready to go. And I chickened out. Now it's like $27.

I'm doing well this year, no complaining. But missing out on all of these huge gains is getting painful.

 

[FelixDeCat]

Why didn't I just buy 1000 shares of Palantir when it went public?

It was at $9-$10 a share and I had plenty of room on one of my accounts. I even had the order queued up and ready to go. And I chickened out. Now it's like $27.

I'm doing well this year, no complaining. But missing out on all of these huge gains is getting painful.

It pains me that I also did not buy when I had the chance. If you scroll back a few pages I missed it at $10 (the price was $12). Little did I know that even $12 was a bargain. I was going to buy 2000 shares.

At least I have 1,000 shares of Spice.

 

[ponyo]

Why didn't I just buy 1000 shares of Palantir when it went public?

It was at $9-$10 a share and I had plenty of room on one of my accounts. I even had the order queued up and ready to go. And I chickened out. Now it's like $27.

I'm doing well this year, no complaining. But missing out on all of these huge gains is getting painful.

I bought 1,000 shares at $9.86 on IPO day. I was going to pick up another 9,000 shares to make it even 10k shares but never got around to it because it ran up faster than I anticipated. But if you go back pages and read why I bought it, I said this evil company could be 5 to 10 baggers in couple of years.

But can't beat yourself up over missed opportunities. There are opportunities everyday. Just have to have balls and conviction to pull the trigger.

 

[dasherHampton]

Yup, you need the short term memory of an NFL CB to stay sane in the market. What's gone is gone. Forever. Only look ahead.

I had AMD at $10 a share.

 

[Mermaidman]

Sad story - I placed a sell order for $30 of a biotech after its price doubled. The stock peaked at $29.99 that day, and has since cratered to under $5. Potential big profit became major loss due to one f'in penny! Not sure why I decided on a round number that day to sell because I usually place limit orders at a tad under the nice round number, e.g. 29.9
/FAIL

 

[Brainonska511]

Biotechs and pharma seem like it could have been a fun ride this year, but alas, I probably can't invest in some of those companies directly. I'm sure there is also some wording in my employer's master service agreements with many of our clients too, but I don't want to be implicated in some sort of insider trading, since I often have access to non-public data and strategies.

 

[ponyo]

Sad story - I placed a sell order for $30 of a biotech after its price doubled. The stock peaked at $29.99 that day, and has since cratered to under $5. Potential big profit became major loss due to one f'in penny! Not sure why I decided on a round number that day to sell because I usually place limit orders at a tad under the nice round number, e.g. 29.9
/FAIL

I've missed by penny many times. The ones I remember the most are the ones that I would've made big profit if I had bought or sold. But I'm sure there were others I was saved from big losses by a penny too. So I guess in the big picture it probably balanced out but those near misses and hits sure do hurt if it would've worked out in your favor. My wife says I'm the king of penny wise, pound foolish.

 

[FelixDeCat]

Spice target reached, sold.

 

[FelixDeCat]

If you recall, pot stocks experienced big rallies after Kamala talked about the legalization of weed during the debates. One notable stock that was a Robinhood favorite was ACB (I daytraded it as mentioned earlier in this thread).

ACB is a garbage company run by potheads (obviously), who sit around getting stoned, losing money and surviving on equity offerings (shareholder dilution). Nevertheless the rally is there.

 

[ponyo]

TSLA breaks $600 premarket.

TSLA is headed to $694.20. Elon, where's my short shorts?

 

[ponyo]

Bought 5 more of the Jan 15 TSLA $400 calls. Thought about picking up more $700 calls but I want to play safe and conservative.

 

[FelixDeCat]

Back in Altimmune.

 

[bookem dano]

I still have my AMD and nVidia from long ago..when do I take profits? They're mainly in my retirement accounts.