Investing General Discussion
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Blazin
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Of course market hits the area I wanted to take a stab at it during the overnight session. I hate gap up buys but will be watching open. I'll post if I buy but it will be a ST trade if I do. Even though its rather on the nose the market making a stand at the 200d is pretty much a given how much legs it will have I think will depend a lot on treasuries. Sentiment can turn really fast, as people are always eager for the pain to be over.
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Jysin
Ahn'Qiraj Raider
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ADP data hit and was well below expectations. 89k vs 150k expected. Dollar and yields cooled on this news. You must keep an eye on these, as if they start rounding back up, markets will come back under pressure. That said, we are extremely oversold on the daily on indexes (RSI & BBs). A bounce shouldnt be surprising here. How long that lasts is anyone's guess
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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All the MIC stocks taking a hit this morning. Gee I wonder why? Wonder if them having their spigot turned off in the House of Representatives might have something to do with it.
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Sanrith Descartes
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DIS just broke the Covid Black Monday low. Held my nose and grabbed some more.
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Rangoth
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Is anyone looking at the REIT ETF's? Specifically REM?
I don't dabble too much in that area but keep a small position for dividends. REM is nearing support levels of around 20$, most recent(5-10 year) low was in the 10 range, but it has consistency bounced back to 20/30 and quickly. For instance from 4/20 to 4/21(1 year) one could have doubled their position with dividend along the way.
I'm considering taking a medium position here but where I am not at good at chart reading as the
Blazin
folks it may blow right through that support. I'm not overly stressed about it as it would just mean a longer hold for me which I am comfortable with, but this has some good potential as a mid/long term trade.
edit: I do understand a lot of people think real-estate, especially commercial in major cities are in for some rough times ahead as well. I have considered that but outside of the covid drop this has been a fairly consistent ticker
I don't dabble too much in that area but keep a small position for dividends. REM is nearing support levels of around 20$, most recent(5-10 year) low was in the 10 range, but it has consistency bounced back to 20/30 and quickly. For instance from 4/20 to 4/21(1 year) one could have doubled their position with dividend along the way.
I'm considering taking a medium position here but where I am not at good at chart reading as the
Blazin
folks it may blow right through that support. I'm not overly stressed about it as it would just mean a longer hold for me which I am comfortable with, but this has some good potential as a mid/long term trade.edit: I do understand a lot of people think real-estate, especially commercial in major cities are in for some rough times ahead as well. I have considered that but outside of the covid drop this has been a fairly consistent ticker
Sanrith Descartes
Veteran of a thousand threadban wars
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I have already said my peace on CRE. I personally think there are better investments than CRE in the current environment.Is anyone looking at the REIT ETF's? Specifically REM?
I don't dabble too much in that area but keep a small position for dividends. REM is nearing support levels of around 20$, most recent(5-10 year) low was in the 10 range, but it has consistency bounced back to 20/30 and quickly. For instance from 4/20 to 4/21(1 year) one could have doubled their position with dividend along the way.
I'm considering taking a medium position here but where I am not at good at chart reading as the
edit: I do understand a lot of people think real-estate, especially commercial in major cities are in for some rough times ahead as well. I have considered that but outside of the covid drop this has been a fairly consistent ticker
Specifically, REM has an EPS of -$14.60. Yes it has a dividend yield of 11%, but thats because its stock price has been gutted on that EPS and CRE fears. My honest opinion is unless something changes that dividend isnt sustainable. The reward isnt worth the risk. You can lock in Treasuries over 5% with as close to zero risk as exists in our market. You can lock in just under 7% with US Farm bonds with infinitesimally larger risk than Treasuries (though they are callable and they most likely dont run the full 20 years).
The current state of the market requires some styles of thinking we havent considered in a few decades.
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Mist
Eeyore Enthusiast
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The JEPI I bought in early Feb is still green and has made me a bunch of free money.
So my new investing theory is to just keep buying as many equities as I can afford while the dollar remains strong. There's no way the dollar stays this strong forever.
Blazin
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Winning...Will now trail with a stop. About to run into some resistance if we can clear this lvl could trigger multiple day relief and some "bottom is in" buying.
Underneath so far it's not a great bounce, Adv/Dec looks rather meh, IWM has now managed to go green.
Yields and dollar still red
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Gravel
Mr. Poopybutthole
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If you're still in the accumulation phase, just keep buying.
I've told people many times, if something is $100 or $150 today doesn't matter when in 40 years when you actually need it it's $1000.
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Blazin
Creative Title
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Took my subway money , stopped right where I figured. Just staying very nimble right now, don't mind trading levels during a market like this
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Sanrith Descartes
Veteran of a thousand threadban wars
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Mist
Eeyore Enthusiast
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That's all within margins of error of the estimates, so it's barely even news. Priced in.
Sanrith Descartes
Veteran of a thousand threadban wars
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KO price was $55.95 in June of 2021.
KO price this morning is $54.09
The morale of this story is don't do coke.
KO price this morning is $54.09
The morale of this story is don't do coke.
Sanrith Descartes
Veteran of a thousand threadban wars
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Jysin
Ahn'Qiraj Raider
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Dude, you know better than this. KO is a dividend name, not a growth name. Think its safe to say Coca-Cola has hit global saturation quite some time ago. Then factor in healthier lifestyles, etc. This ticker isn't a grower by any stretch of the imagination.
Sanrith Descartes
Veteran of a thousand threadban wars
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I know. Add the dividends together and its like $3.68 so its made like $1.80 in stock price over the last two years