All things STOCKS

#3,229
#3,229
#3,230
#3,230
Thunder Good-Oil said:
Medical suppliers are vulnerable because when the Rona heats up elective procedures get postponed. The safest businesses are the necessary stuff like kidney dialysis and diabetes treatments. CVS and Walgreen's are pretty safe as well.
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I agree. I looked at WG and CVS earlier this week. I dont invest in companies I dont like so CVS was a no go for me. I decided to invest in Walgreens but they arent the better run company since the Boots merger. They gave up so much just to decide not to invert. The valuation ultimately led me to WG. If they trade a 15-16x earnings, they will go up to 65-70
 
#3,231
#3,231
BigOrangeMojo said:
Smidge concerned about those 3 in short term. Gut feeling tells me the COVID 19 narrative will be negative next week.
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I hopped out of SAVE today at 19.25, watched it go all the way to 18.50 and then jumped back in, flipped those at 18.75, then jumped in again to go long. Now holding 2,000 shares at 18.99. I technically “lost” money today, but I ended up with 180 more shares and a lower average....so call it what you want.

Short term, yea, next week may not be great. But I wont panic sell based off media/political agenda. I know that $20 isn’t the ceiling for SAVE, so I don’t care if I hold for months, I’ll eventually end up ahead (as if I weren’t already +$25,000 on Save lol).
 
#3,232
#3,232
VolAllen said:
I hopped out of SAVE today at 19.25, watched it go all the way to 18.50 and then jumped back in, flipped those at 18.75, then jumped in again to go long. Now holding 2,000 shares at 18.99. I technically “lost” money today, but I ended up with 180 more shares and a lower average....so call it what you want.

Short term, yea, next week may not be great. But I wont panic sell based off media/political agenda. I know that $20 isn’t the ceiling for SAVE, so I don’t care if I hold for months, I’ll eventually end up ahead (as if I weren’t already +$25,000 on Save lol).
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Being new to trading I have to learn to take my lumps. Still holding SAVE from 19.83. Gotta learn to take a little L if it means jumping back in at a lower rate and watching it ride back up. Should have done that with Disney and Groupon this week and I would've ended up pretty good. As it stands, I'm down about $400 from where I started last Wed.
 
#3,233
#3,233
VolAllen said:
I hopped out of SAVE today at 19.25, watched it go all the way to 18.50 and then jumped back in, flipped those at 18.75, then jumped in again to go long. Now holding 2,000 shares at 18.99. I technically “lost” money today, but I ended up with 180 more shares and a lower average....so call it what you want.

Short term, yea, next week may not be great. But I wont panic sell based off media/political agenda. I know that $20 isn’t the ceiling for SAVE, so I don’t care if I hold for months, I’ll eventually end up ahead (as if I weren’t already +$25,000 on Save lol).
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I dont mind the short term dips. Gives me a chance to pick up a little more on sale. Still got some cash to deploy so I wouldnt mind a bit of a sell off early next week...
 
#3,234
#3,234
So here's a question in regards to day trading.

I see that unless you have an account with $25k, you are limited to 3 day trades/week. If u go over, and those trades represent more 6% of your account activity, you are in vilolation. To bend rules a bit, could you simultaneously invest into a bunch of <$.01 stocks while you are day trading so that your day trades remain a low percentage of your overall activity?


An example:

I buy and sell IDEX 6 times today. I also make 100 separate orders of stocks priced around $.001. My day trade activity at this point would remain at 6 % of my total activity and would I have spent less than $1 dollar on these sub penny stocks.
 
#3,235
#3,235
Thunder Good-Oil said:
Medical suppliers are vulnerable because when the Rona heats up elective procedures get postponed. The safest businesses are the necessary stuff like kidney dialysis and diabetes treatments. CVS and Walgreen's are pretty safe as well.
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Maybe I should have said Medical manufacturers. Not talking about walgreens or CVS.
You have to buy masks from somewhere and 16 states are mandating them now including airlines and most of them make ventilators too.

NBY and LLIT are two I'm in. LLIT is in China and they're going back on lockdown.
 
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#3,236
#3,236
VolAllen said:
The beautiful thing about this....I don’t have to risk anything on XSpa. If they get testing at the airports.....SAVE going to the moon anyways lol.
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I think once their Xpreschecks open your looking at it go over $10. New contracts at more airports could push it to a comparable SAVE price. Probably the last week to buy at their current price.

Screenshot_20200620-055339_Stocktwits.jpg
 
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#3,238
#3,238
Carp said:
So here's a question in regards to day trading.

I see that unless you have an account with $25k, you are limited to 3 day trades/week. If u go over, and those trades represent more 6% of your account activity, you are in vilolation. To bend rules a bit, could you simultaneously invest into a bunch of <$.01 stocks while you are day trading so that your day trades remain a low percentage of your overall activity?


An example:

I buy and sell IDEX 6 times today. I also make 100 separate orders of stocks priced around $.001. My day trade activity at this point would remain at 6 % of my total activity and would I have spent less than $1 dollar on these sub penny stocks.
Click to expand...

Most of those .001 stocks are OTC and not supported on Robinhood. The easiest thing to do if you don’t want to actually trade with $25,000 is to just take that money out of your bank account and transfer it to your trading account, but only trade with a small portion of it. Technically you could have $25,000 sitting in your available cash, have $1000 invested in stocks and then day trade all you wanted with the $1000.
 
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#3,239
#3,239
Big Gucci Sosa said:
my average on IDEX is under 1.10 so I’m just holding and chilling.
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Keep holding. I'm going to take a guess that it raises 400 to 700% the next 1 to 3 months. Their CEO is very smart with the PR and releases it frequently. Their ribbon cutting for their 1M sq ft facility was rescheduled for July. This depends on how bad their second wave of covid is.

I plan on buying back in Monday PM with a dip or no dip, might even take the chance at buying right after the normal PM sell off at 9:30. Compliance day with whispers of more news coming.
 
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#3,241
#3,241
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#3,242
#3,242
VolAllen said:
Most of those .001 stocks are OTC and not supported on Robinhood. The easiest thing to do if you don’t want to actually trade with $25,000 is to just take that money out of your bank account and transfer it to your trading account, but only trade with a small portion of it. Technically you could have $25,000 sitting in your available cash, have $1000 invested in stocks and then day trade all you wanted with the $1000.
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I don't have a RobinHood account. I'm on Schwab. So far I've not had a problem buying into any of those.
 
#3,244
#3,244
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#3,246
#3,246
VolAllen said:
This news was out yesterday. This only shows the flights were full and not enough seats lol. The fine, a negative (barely). The issue that caused the fine, a HUGE positive.
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When I looked yesterday. Numbers were ip to about 570k passengers going through the gates. I think we eclipse 600 next week and 700 over July 4
 
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#3,248
#3,248
VolAllen said:
This news was out yesterday. This only shows the flights were full and not enough seats lol. The fine, a negative (barely). The issue that caused the fine, a HUGE positive.
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I think the issue that caused the fine was from a couple of years ago. Our govt doesnt move that fast...
 
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