stock market was up today...

#6,576
#6,576
Palladium has been pretty stable around 1350-1360 the last couple weeks but it jumped to 1404 this morning and I don’t know why. Any thoughts? Was just talking to my partner who fabricates, about the catalyst price for a brewery project we’re hoping to execute.
 
#6,577
#6,577
05_never_again said:
The technology is more or less here now. It'll take a while for it to get scaled up for truly mass distribution/volume (think Beyond Meat burgers being as available as regular ground beef at Wal-Mart), even longer for the culture to come around, and even longer for the culture to look back on the old way of doing things and think it was crazy.
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Right. I'm not predicting what people are going to eat in the future, but as far as having a cost-competitive altrenative, I'd be surprised if it isn't able to scale up within 20-30 years.
 
#6,578
#6,578
joevol320 said:
it was actually up this morning, for at an hour. but now it's back down. :no:
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Joe Biden said the market would be up and the market listened, because the market is afraid of what Biden might do, if they don’t listen to him....... he may take away all the money and leave them high and dry..... mean old Joe
 
#6,579
#6,579
05_never_again said:
Ultimately, I don't think they are marketing to vegans. Of course vegans will always make up their customer base, but there is a marketing move generally among those types of companies to appeal to people who eat real meat. Make it seem attractive because it's healthier than real meat but tastes the same, "more sustainable," etc.

This seems kind of crazy to me, because I'm as far away from a vegan as you can get, but I can totally see 150 years from now that society looks back on us (and the thousands of years before us) and thinks we were insane for actually eating animals. In that time the tech will truly exist, and it will have been scaled up and taken hold in the culture, that plant-based stuff can be made that is indistinguishable from the real thing. And it'll probably be cheaper too. So people who aren't even vegan will eat it.
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Good point. Their customer base is much larger when targeting meat eaters. Those with clogged up arteries might especially be interested in a bloody alternative.
 
#6,580
#6,580
That flyer that moooooney took on a penny stock and made over 50k would be life changing for us. My 401k has 42k in it and i did some math and realized my company isnt matching the 3% i put in. They do profit share some years, and have contributed lump sum then at times, but it isnt growing fast. If i can ever get a couple good side jobs and get 4 or 5k cash together, i am gonna lean on yall and your knowledge to try and make it into something real. It amazes me that some companies, like dominos pizza, can flat out make you rich. 5k invested in dominos in 2004 would have made you a millionaire if what i read is accurate. It has earned twice as much as google since 2004.
 
#6,583
#6,583
marcusluvsvols said:
That flyer that moooooney took on a penny stock and made over 50k would be life changing for us. My 401k has 42k in it and i did some math and realized my company isnt matching the 3% i put in. They do profit share some years, and have contributed lump sum then at times, but it isnt growing fast. If i can ever get a couple good side jobs and get 4 or 5k cash together, i am gonna lean on yall and your knowledge to try and make it into something real. It amazes me that some companies, like dominos pizza, can flat out make you rich. 5k invested in dominos in 2004 would have made you a millionaire if what i read is accurate. It has earned twice as much as google since 2004.
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I would imagine that MOOOOONEY was familiar with the company, like working in the industry. Most stocks that are under $0.50 go to zero rather than to over $1. Be happy anytime that you make 15% in a year and be thrilled if you make 20% or more.

You can't leverage a retirement account, but you can buy leveraged securities. I would suggest going that route with a small percentage of your capital that you want to invest in high risk/reward opportunities.

Maybe MOOOONEY can add more detail on how he came across his multi-bagger and give us some insight on how he was disciplined enough to stick with it after it doubled multiple times in a very short time frame.
 
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#6,585
#6,585
How can those countries have negative yields on both short and long term bonds? Who would buy a bond that loses money over any term? Am i misunderstanding?
 
#6,586
#6,586
Thunder Good-Oil said:
I would imagine that MOOOOONEY was familiar with the company, like working in the industry. Most stocks that are under $0.50 go to zero rather than to over $1. Be happy anytime that you make 15% in a year and be thrilled if you make 20% or more.

You can't leverage a retirement account, but you can buy leveraged securities. I would suggest going that route with a small percentage of your capital that you want to invest in high risk/reward opportunities.

Maybe MOOOONEY can add more detail on how he came across his multi-bagger and give us some insight on how he was disciplined enough to stick with it after it doubled multiple times in a very short time frame.
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A friend of mine is a day trader and turned me on to conformis, so I did a little research and decided to take a chance with my end of year bonus check.

I wouldn’t call it discipline when I didn’t sell after the stock doubled a couple of times because I had set a stop loss to sell if it fell to a certain price point. I just kept changing my stop loss after the stock price kept rising. When it hit $4.71 I sold.

About 6 months ago or so my friend told me about another stock, YECO, I was skeptical and didn’t buy. In 2 days the stock was up 1800%. That would have been life changing.

Penny stocks are good for day or swing trades but you should never build your portfolio with them. I am invested heavily in Microsoft, Square. American water, and Event bright.

They are some good sources for stock advice like the motley fool and stock twits( be careful with stock twits because you have a lot of people who pump and dump stocks on the site)

Penny stock tip of the week HEXO.
 
#6,589
#6,589
MOOOOONEY said:
A friend of mine is a day trader and turned me on to conformis, so I did a little research and decided to take a chance with my end of year bonus check.

I wouldn’t call it discipline when I didn’t sell after the stock doubled a couple of times because I had set a stop loss to sell if it fell to a certain price point. I just kept changing my stop loss after the stock price kept rising. When it hit $4.71 I sold.

About 6 months ago or so my friend told me about another stock, YECO, I was skeptical and didn’t buy. In 2 days the stock was up 1800%. That would have been life changing.

Penny stocks are good for day or swing trades but you should never build your portfolio with them. I am invested heavily in Microsoft, Square. American water, and Event bright.

They are some good sources for stock advice like the motley fool and stock twits( be careful with stock twits because you have a lot of people who pump and dump stocks on the site)

Penny stock tip of the week HEXO.
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Instead of a stop loss, you could have done a trailing stop. Same idea, but it rachets up as the stock goes up, and if it drops then it will hit and sell. That way you don't have to watch it all the time. (You probably know that anyway, but for those that don't) There is a bit of a pitfall in it, but I wouldn't think on something like that it would be devastating.

HEXO eh?

I'll tell you what is really interesting about it... The 52 week low that I can find is $4.91. $5 July 2019 Put options are selling right now for $.25.
 
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#6,590
#6,590
SpaceCoastVol said:
DIvidend stocks are better. Bonds are a waste of money right now.

jmho, dyodd, ymmv
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I have mostly dividend stocks, some growth stocks, and bond funds. The bond funds are something to cash in when the market goes south, so I dion't have to sell stocks at a loss. Just in case my dividends aren't enough to cover my needs.
 
#6,591
#6,591
1972 Grad said:
I have mostly dividend stocks, some growth stocks, and bond funds. The bond funds are something to cash in when the market goes south, so I dion't have to sell stocks at a loss. Just in case my dividends aren't enough to cover my needs.
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I hear ya. At this point in my life though I would rather take the chance and stay really aggressive. I get it for post retirement though.
 
#6,594
#6,594
Hmmmmm let's see. Trump and Xi talk on the phone. GOod tweet results. DJIA and S&P both up 1.3%. Tomorrow we might see rate cuts. All indications are that the fed WILL cut rates. Predict another big move up.

Let's enbrace socialism, and as an added bonus, impeach fowty fie at the same time. It's got to be better.



Leftists are idiots.
 
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#6,595
#6,595
Thunder Good-Oil said:
I would imagine that MOOOOONEY was familiar with the company, like working in the industry. Most stocks that are under $0.50 go to zero rather than to over $1. Be happy anytime that you make 15% in a year and be thrilled if you make 20% or more.

You can't leverage a retirement account, but you can buy leveraged securities. I would suggest going that route with a small percentage of your capital that you want to invest in high risk/reward opportunities.

Maybe MOOOONEY can add more detail on how he came across his multi-bagger and give us some insight on how he was disciplined enough to stick with it after it doubled multiple times in a very short time frame.
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When you say “leveraged securities” are you talking about offerings like the Direxion & Rydex Funds?

2x Bull
3x S&P
Etc..

Or something else that is leveraged?
 
#6,596
#6,596
85SugarVol said:
When you say “leveraged securities” are you talking about offerings like the Direxion & Rydex Funds?

2x Bull
3x S&P
Etc..

Or something else that is leveraged?
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Exactly. You can't use margin in a retirement account, but you can invest in leveraged ETFs.

There are a lot of those ETFs these days. I prefer to stay away from those that are lightly traded and/or are small.
 
#6,597
#6,597
Thunder Good-Oil said:
Exactly. You can't use margin in a retirement account, but you can invest in leveraged ETFs.

There are a lot of those ETFs these days. I prefer to stay away from those that are lightly traded and/or are small.
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How do you play em? I mean, they’re not “buy and hold” instruments.
 
#6,598
#6,598
85SugarVol said:
How do you play em? I mean, they’re not “buy and hold” instruments.
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I think that if bought at the right time some can be held. FAS and CURE for example. I'm considering buying LABU. It might be late in the cycle right now for the broad market names like TQQQ (I need to double check that symbol). Key for me is that they're a pretty good sized fund... preferably $1B+.

Everybody has their own risk tolerance. Keeping the 2x and 3x Bear names forever is odd unless the world is heading to chaos or they're using as a hedge.

I agree they're probably better to trade unless trends are expected to continue. After a 10 year expansion it may not be sound to go heavy into the levered bull funds. Makes sense to do like MOOOONEY and use stops EXCEPT that the volatility can also close out your positions well off the tops.
 
#6,599
#6,599
Thunder Good-Oil said:
I think that if bought at the right time some can be held. FAS and CURE for example. I'm considering buying LABU. It might be late in the cycle right now for the broad market names like TQQQ (I need to double check that symbol). Key for me is that they're a pretty good sized fund... preferably $1B+.

Everybody has their own risk tolerance. Keeping the 2x and 3x Bear names forever is odd unless the world is heading to chaos or they're using as a hedge.

I agree they're probably better to trade unless trends are expected to continue. After a 10 year expansion it may not be sound to go heavy into the levered bull funds. Makes sense to do like MOOOONEY and use stops EXCEPT that the volatility can also close out your positions well off the tops.
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Yea, the 2x & 3x Bear/Bull Funds I don’t think you’re supposed to hold more than a day or two at a time.

I don’t know enough about them to mess with em.

You’re essentially betting on the short term direction and making out like a bandit or getting burned big. I think...
 
#6,600
#6,600
85SugarVol said:
Yea, the 2x & 3x Bear/Bull Funds I don’t think you’re supposed to hold more than a day or two at a time.

I don’t know enough about them to mess with em.

You’re essentially betting on the short term direction and making out like a bandit or getting burned big. I think...
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You can keep the ones that hold equities in their portfolios for longer than a day or 2. The ETFs with underlying assets in commodities, options, and volatility indexes tend to degrade over time. If they always decrease in value over time then they'd be guaranteed to make money for those shorting them. Still, in most cases they're probably best used as tradable investments.

They can quickly drop 75 or 80%. But they can also quickly go up 400 or 500%.
 
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