Investing General Discussion

Fogel · Nov 4, 2020

Sanrith Descartes said:
Just curious for all these board bros who went to cash expecting a crash, how are you going to approach getting back in?

So with the markets up two days in a row, are you going to do anything else for the week?

Sanrith Descartes · Nov 4, 2020

Fogel said:
So with the markets up two days in a row, are you going to do anything else for the week?

I always look for value. Just because the markets are up doesnt mean everthing is up. Nasdaq only has 52% advancers so far

Sanrith Descartes · Nov 4, 2020

ABBV just jumped up 10%

Locnar · Nov 4, 2020

Pelosi fucked up, the senate now has zero reason to work with her on stimulus. So if we get stimulus, it will be far closer to what the senate wants, not what Pelosi wants.

edit: and of course travel stocks down right now for above reason.

Hateyou · Nov 4, 2020

Sanrith Descartes said:
Just curious for all these board bros who went to cash expecting a crash, how are you going to approach getting back in?

Well I went cash on XOM, PFE, and CAT so I’m looking like I made good moves there. With 1/2 that cash I bought CI at $170 basis and DOCU at $198 and they both went parabolic today. I still have half the cash sitting on the sidelines but I’m happy with the moves I made. Obviously could’ve went all in but I kept half the cash sidelined in case it went the other way. Played it safer which I tend to do.

Now just wondering if I should take my CI profit, keep the DOCU.

Sanrith Descartes · Nov 4, 2020

Banks and Construction probably get torched near term. Healthcare should run since healthcare reform is probably DOA now.

Sanrith Descartes · Nov 4, 2020

Also A biden wins means We get friendly with China again on trade.

Hateyou · Nov 4, 2020

Damn. Set my CI limit to sell at $210, a fraction too late it looks like. It went over that but the sell didn’t trigger.

Fogel · Nov 4, 2020

AMD had a nice jump which put me back over my 78 put. AMD has been good to me the past couple weeks for puts, making 2.5% or more a week and I don't mind holding them long either especially with intel on the ropes

Sanrith Descartes · Nov 4, 2020

I expect a lot of volatility today. There are still lots of unknowns with the election.

Falstaff · Nov 4, 2020

Sanrith Descartes said:
I expect a lot of volatility today. There are still lots of unknowns with the election.

This more than who wins is the true driving factor.

Blazin · Nov 4, 2020

Sanrith Descartes said:
I expect a lot of volatility today. There are still lots of unknowns with the election.

VIX getting crushed, I think the air is being let out quickly that we got a rather "stable" result. LMT and MSFT purchases have just been a total win, I hesitated yesterday on AMZN @ $3000 and that was a bonehead move, but this has far exceeded my expectations

Two disappointments are VZ and JPM.

Sanrith Descartes · Nov 4, 2020

Blazin said:
VIX getting crushed, I think the air is being let out quickly that we got a rather "stable" result. LMT and MSFT purchases have just been a total win, I hesitated yesterday on AMZN @ $3000 and that was a bonehead move, but this has far exceeded my expectations so far.

Two disappointments are VZ and JPM.

I had added more to my AMZN back at $3025. I don't fight the tide on Big tech anymore.

edit: I was looking to add LMT at $345 and missed by a couple of bucks.

Locnar · Nov 4, 2020

My guts told me to pick up amazon 3k, nivida 500 and MSFT 200, but I'm over leveraged as is so...

Sanrith Descartes · Nov 4, 2020

BIIB up 40% on news FDA will back its Alzheimer's drug. Sort of sad I sold it 4 months ago

Furry · Nov 4, 2020

With the rocket up today I hit a new high and hit a threshold where my 401k will easily hit my goal for retirement in ~12 years with the minimum in. Frees up about 1500 a month for the more fun part of my plan, capital gains. I already have a small brokerage, but I'm considering switching companies.

Would like to hear opinions on which company has the best phone app.

Blazin · Nov 4, 2020

Furry said:
With the rocket up today I hit a new high and hit a threshold where my 401k will easily hit my goal for retirement in ~12 years with the minimum in. Frees up about 1500 a month for the more fun part of my plan, capital gains. I already have a small brokerage, but I'm considering switching companies.

Would like to hear opinions on which company has the best phone app.

TD phone app is really good, but with the buyout I don't know what it's long term fate is.

Hateyou · Nov 4, 2020

Why do you need a phone app for a 401k? Money dumps in allocation every week and you’re done. Do you shift it around daily or something?

Blazin · Nov 4, 2020

Hateyou said:
Why do you need a phone app for a 401k? Money dumps in allocation every week and you’re done. Do you shift it around daily or something?

I think he means he is going to have money to put into an additional account.

Hateyou · Nov 4, 2020

Blazin said:
I think he means he is going to have money to put into an additional account.

Oh. I like Fidelity on phone and website but don’t have anything to compare it to. It simply works and is easy/intuitive.

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Investing General Discussion

Fogel

Mr. Poopybutthole

Sanrith Descartes

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Sanrith Descartes

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Locnar

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Sanrith Descartes

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Falstaff

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Blazin

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Locnar

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Veteran of a thousand threadban wars

Furry

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Blazin

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Hateyou

Not Great, Not Terrible

Blazin

Creative Title

Hateyou

Not Great, Not Terrible