Investing General Discussion

jeffvader said:

i bought uco in the dip at 1.31 and have held it since. it's up to 15 something but i just saw that my 100 shares were traded for 4. any know what this means? should have sold earlier or would it not have mattered?

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Reverse split. 25:1. Usually done to prevent being delighted from the exchange. So to do the math. Your 100 shares at 1.31 were worth $131. Your 4 shares are now worth $60.

XOM up over $44. Go baby go. Free oil is bullish.

jeffvader said:

if i would have sold earlier while it was still showing 100 shares at $15 would i have made the $1,500? just trying to learn for next time. thank you.

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The $15 price is after the reverse split. It could have been 50 cents a share before the split. Not looking it up just estimating

TheBeagle said:

As a total noob I've been looking at the biggest movers at the end of the day and have seen alot of reverse splits. Is this common or a symptom of the current craziness? Are these devalued stonks worth looking at to make a quick 20% bump? I did this with a cheap telecom the other day and made 12% in a few hours. Limit orders and commissionless trades almost seems like cheating.

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Limit orders should be the only way you trade. Market orders are the debil.

For those looking for some long term investment exposure to FAANG/MAGA stocks at a very small net expense ratio take a look at MGK. Vangaluard Mega Cap Growth ETF. Its not that the top 10 holdings are going to significantly differ from QQQ or SPYG, but their weightings are heavier in some cases due to it only holding about 100 stocks in the basket. 12% is MSFT, 10% AAPL, 9% AMZN, 4% FB and 3.5% each of the two GOOG.

Not saying its a buy right now based on price, but just pointing it out as an alternative product. Net expense ratio is 0.07%.

XOM up 27% in the last month. Gogo negative oil prices

LachiusTZ said:

Any projections for FNMA and FMCC?

Have some because Trump wanted them out of the conservatorship, but dunno what a hiring market crash will do to them

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I dont know what your cost basis is on those but in my amateur opinion thats dead money. Once the govt stops protecting people from not paying their mortgages things are gonna get ugly for RE.

Sanrith Descartes said:

I dont know what your cost basis is on those but in my amateur opinion thats dead money. Once the govt stops protecting people from not paying their mortgages things are gonna get ugly for RE.

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Gov mandated 180 days of forbearance for all gov backed mortgages without penalty. So it won't get ugly yet, but there's probably a lot of people who won't have that money as a lump sum in 180 days.

Khane said:

Isn't interest accruing during that 180 days of forbearance as well? Why isn't this a government mandated deferment instead?

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I haven't read the law so I'm not 100% sure. Typically yes, but I believe this is an exception and all fees will be waived, and interest set to 0% for the time of forbearance. There may be some other weirdness about 0% interest on home loans going on.