Jump to content

Markets still falling like whoa

Llano Estacado

By Llano Estacado
in Business and Markets

 Share

Recommended Posts

BevoSwag

BevoSwag 272

Posted
Posted

I made the mistake of getting out of most of my equities (funds excluded) at the lowest of the low.  Looking forward I think my biggest mistake was underestimating the FED to do whatever it takes to juice the casino...economics be damned.

Link to comment
Share on other sites
  • Replies 15.4k
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

Eastwood
Eastwood

That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

Rusty Shackelford
Rusty Shackelford
Eastwood
Eastwood

I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

Posted Images

BevoSwag

BevoSwag 272

Posted
Posted
8 minutes ago, Eastwood said:

That Citigroup buy was bad, IMO. Citigroup has the most exposure to not only the mortgage bond CDOs that crashed the market in '08, but they turned around and exposed themselves to auto loan bond CDOs.

And the Mariott was an eyebrow raiser too.  I mean they serve alcohol gulp gulp.  I seriously doubt they do in the KSA.

  • Like 1
Link to comment
Share on other sites
Blotto

Blotto 23559

Posted
Posted
4 minutes ago, bernorange said:

Saw a report that Robinhood and ETrade were both down (ie. offline - not working - clients can't buy or sell) this morning.

I havent tried to make any trades on Etrade today,  but I havent noticed any issues when logging in and checking things. 

Link to comment
Share on other sites
Coelenterate Fuccboi

Coelenterate Fuccboi 13119

Posted
Posted
2 hours ago, Fudge Nuggets said:

Whew, glad I sold out of TNA at 19 something.  Wouldn't want to make any money or anything.

At 19, I was fully invested in TNA. So much, that many other areas of my life were suffering tremendously. These days, TNA is always on my mind but I’m pickier about when I get into it.

  • Like 1
Link to comment
Share on other sites
ChiTownDoc

ChiTownDoc 21154

Posted
Posted (edited)

I think the flare up comes in fall/winter.  And it could slowly trend up until then.  But there’s not a ton of room left before you’re looking at all time highs. Lol

Bought some Blackrock gold etf and netflix today.  Oil plays saving my ass.  OKE been in beast mode.  

Edited by ChiTownDoc
Blackrock
Link to comment
Share on other sites
52-80

52-80 19184

Posted
Posted
5 minutes ago, Fudge Nuggets said:

Even with average size positions in two different leveraged short ETF's, my longs are going so strong today that my trading account is up 6.5%.

This is fucking insane.

a noble bull embiggens the smallest position

Link to comment
Share on other sites
Captainant

Captainant 27680

Posted
Posted
2 minutes ago, ZB'Tejas said:

And then on top of that OKE paying 12% dividends.

How does oil being at historic low prices lead to a natural gas company paying a 12% dividend in the middle of a pandemic? Seems like they'd have to eat the "seed stock" in order to make it happen 

Link to comment
Share on other sites
LTtxfan

LTtxfan 49275

Posted
Posted
2 hours ago, ChiTownDoc said:

I think the flare up comes in fall/winter.  And it could slowly trend up until then.  But there’s not a ton of room left before you’re looking at all time highs. Lol

Bought some Blackrock gold etf and netflix today.  Oil plays saving my ass.  OKE been in beast mode.  

Besides OKE, if you don't mind sharing what other oil plays are yah making??

I've made some money on XOM and EOG, but exited out today...

 

Link to comment
Share on other sites
Fudge Nuggets

Fudge Nuggets 19207

Posted
Posted
19 minutes ago, LTtxfan said:

Besides OKE, if you don't mind sharing what other oil plays are yah making??

I've made some money on XOM and EOG, but exited out today...

 

Based on my average price, I'm getting 10.8% dividend on my XOM shares.  I'm going to be hard-pressed to find a more reliable return for years.

  • Like 1
Link to comment
Share on other sites
ChiTownDoc

ChiTownDoc 21154

Posted
Posted
19 minutes ago, LTtxfan said:

Besides OKE, if you don't mind sharing what other oil plays are yah making??

I've made some money on XOM and EOG, but exited out today...

 

I came in very heavy on only 3.  CVX, OKE, XOM.  I'd never be that overweight one sector but was sitting over 50% cash and figured if they dropped I'd just hold long term with the dividends.  By some miracle the play turned out ok.  I still have close to 50% cash so if they come back to earth I'll allocate more cash in a more diversified fashion.  We will have a flare up in fall - and vaccine won't be ready that early...the question is can we run to records in that timeframe?  That seems absurd to me but absurd has been spot on so far. 

Link to comment
Share on other sites
52-80

52-80 19184

Posted
Posted

remember when this was an actual slide made by wework

 

38d1f78b4d3b94bd1b630ed7f810f3504b-07-so

 

and it was championed by son-san?

5dc417b83afd37339e36a033?width=1100&form

 

this is also from softbank....

 

image.png

what in the ever living fuck.... how much did they pay a mckinsey associate to make that slide?

 

more non-fictitious unicorn hilariousness from softbank

softbank-unicorn.png

20190921_wbp503.jpg

 

 

  • Like 3
  • Haha 2
Link to comment
Share on other sites
ZB'Tejas

ZB'Tejas 593

Posted
Posted
32 minutes ago, LTtxfan said:

Besides OKE, if you don't mind sharing what other oil plays are yah making??

I've made some money on XOM and EOG, but exited out today...

 

$OKE and $XOM. I didn't buy $CVX but they might have the best position out of all of them.

My star has been $MTDR which had another stellar day. 

Link to comment
Share on other sites
ZB'Tejas

ZB'Tejas 593

Posted
Posted
Just now, TonyTexas said:

Don’t count on those big oil dividends to be sustainable. Shell cut theirs by 2/3 a few weeks back. XOM payout ratio is around 150% They’ll have to cut. 

Yep. Selling big gains on $XOM and $OKE might be a good idea in case they announce and the stock takes a hit like Shell did but I still think they are solid ones to hold as long as you are not over invested.

Link to comment
Share on other sites
Anastasis

Anastasis 23477

Posted
Posted
17 minutes ago, 52-80 said:

remember when this was an actual slide made by wework

 

38d1f78b4d3b94bd1b630ed7f810f3504b-07-so

 

and it was championed by son-san?

5dc417b83afd37339e36a033?width=1100&form

 

this is also from softbank....

 

image.png

what in the ever living fuck.... how much did they pay a mckinsey associate to make that slide?

 

more non-fictitious unicorn hilariousness from softbank

softbank-unicorn.png

20190921_wbp503.jpg

 

 

wow.  just wow. 

Link to comment
Share on other sites
Rusty Shackelford

Rusty Shackelford 414

Posted
Posted (edited)
25 minutes ago, ChiTownDoc said:

Yeah forgot that one crashed on the runway.  What a joke

If you want to make someone pay for this stupidity, you can short SoftBank $SFTBY

https://www.cnbc.com/2020/05/18/softbank-ceo-calls-wework-investment-foolish-valuation-falls-to-2point9-billion.html

 

Edited by Rusty Shackelford
  • Like 3
Link to comment
Share on other sites
babysdaddy

babysdaddy 2725

Posted
Posted
33 minutes ago, TonyTexas said:

Don’t count on those big oil dividends to be sustainable. Shell cut theirs by 2/3 a few weeks back. XOM payout ratio is around 150% They’ll have to cut. 

XOM CEO came out and said they will not cut and will use their balance sheet if they have to.

Link to comment
Share on other sites
Schulz2.0

Schulz2.0 28961

Posted
Posted
2 hours ago, 52-80 said:

remember when this was an actual slide made by wework

 

38d1f78b4d3b94bd1b630ed7f810f3504b-07-so

 

and it was championed by son-san?

5dc417b83afd37339e36a033?width=1100&form

 

this is also from softbank....

 

image.png

what in the ever living fuck.... how much did they pay a mckinsey associate to make that slide?

 

more non-fictitious unicorn hilariousness from softbank

softbank-unicorn.png

20190921_wbp503.jpg

 

 

spacer.png

  • Like 2
Link to comment
Share on other sites
TonyTexas

TonyTexas 10517

Posted
Posted (edited)
1 hour ago, Fudge Nuggets said:

No they won’t. 

It’s true that XOM dividend record is sacred and the CEO has stated that they will go to extreme lengths to maintain it. But he also has said that if  this is indeed a brave new world of low oil prices then he would re-evaluate down the road.  That dividend runs them $15 billion per year. 

Edited by TonyTexas
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing


Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business and Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Subscribe!... Donate!... Advertise... COOKIE MONSTER!

×
×
  • Create New...