.

[cycloneG]

 

[Urbandale2013]

https://www.cnbc.com/2020/06/16/us-...appshare|com.google.chrome.ios.ShareExtension

Curious if people will start believing that the sky isn’t falling still.

 

[discydisc]

Any thoughts on Verizon for a longer term buy? Currently trading at 57.16 with a 4.33% dividend.

 

[bos]

Any thoughts on Verizon for a longer term buy? Currently trading at 57.16 with a 4.33% dividend.

Just read some stuff on them the other day from Kiplinger. They were really high on VZ. I mean really, they are one of the strongest communications companies and are a steady player. For long term, its probably a great buy.

 

[BCClone]

Regarding the Robinhood margin story, i don't know how much i believe the details there. At my brokerage your margin can only be 2x your account value, so to lose $700,000 you'd need at least $350,000 in securities, plus you'd be paying interest on that massive loan.

I made a boatload of cash trading MFA and XSPA. i told myself i wasn't going to trade anymore (only buy and hold) but the temptation was too great. i'm still down for the year on my trades but these two stocks brought back about 75% of my losses. Here's why i don['t trust people who talk about stock market gains: i say i made $15,000 on XSPA but i leave out that i lost $20,000 on Boeing and Tesla.

Its like those in casinos say they won 2k on a slot machine and never mention that they spent 5k during the previous 6 months pumping coins into the machine.

 

[BCClone]

Bought marriott back yesterday in the mid 80s. It had pulled back hard from the week before.

 

[ArgentCy]

I would buy sub-$2 stocks in 10,000 share blocks. Each penny is a $100 move and in march i got absolutely burned. Like, horrible, awful, soul-searching burned. I took most of what little I had left and put it into 60% VTI and 40% VXUS and called it quits. I still had about $10,000 in ny account and figured "what the hell" and bought XSPA and ended up making all but $10,000 of my losses back. Which I then promptly withdrew and put into VTI and VXUS. It's boring, not fun, the moves are really low, (whereas watching a stock get you $2,000 in 5 minutes is exciting) but it's just better overall. The pain I felt over my bad bets was awful and I don't want to take that risk anymore. So I closed my margin and only keep that same $10,000 in my "trading account".

FYI the XSPA price was due to a 3-1 reverse split, not a huge gain in price.

I mean if the Mad Dog of stocks is your expertise then go for it. That's too much excitement for my blood. I like to buy things that I have some longer term knowledge that has some underlying fundamental growth. I do own some small mining companies so you might find some bargains in the sub-$2 range there. But they aren't going to fly in these little bursts. Trying to get rich quick is a good way to find yourself broke. But I think that almost all new investors have to learn that the hard way, I did.

 

[dmclone]

Any thoughts on Verizon for a longer term buy? Currently trading at 57.16 with a 4.33% dividend.

I don't directly own any but it seems like every time I considered them, they had an obscene amount of debt.

 

[bos]

I don't directly own any but it seems like every time I considered them, they had an obscene amount of debt.

I wonder if this is a general working plan for communications companies like them. I mean, who is going to call in the debt? VZ is so huge and an essential service, I'm not sure anyone can topple them.

 

[brianhos]

https://www.cnbc.com/2020/06/16/us-retail-sales-may-2020.html?__source=iosappshare|com.google.chrome.ios.ShareExtension

Curious if people will start believing that the sky isn’t falling still.

So sales are up after they did not exist the previous month?

 

[pulse]

I wonder if this is a general working plan for communications companies like them. I mean, who is going to call in the debt? VZ is so huge and an essential service, I'm not sure anyone can topple them.

I’ve had some VZ for a while. It isn’t a huge growth stock. I just see it as a reliable dividend stock for non-taxable accounts. Debt is no big thing for those big comm companies. Disclaimer, don’t listen to any advice I or anyone gives you.

 

[yowza]

A buddy liked XSPA so I bought a lot of shares in it (not near the amount I'm assuming you did) at 37 cents. Got up to 65 cents and stayed in that area for awhile and I got bored and sold. Seeing that it's now at $5.40 really sucks but that's just part of it I suppose

Did a 1 for 3 reverse split.

 

[CloneinWDSM]

Let’s go IDEX!

 

[CycloneDaddy]

Dear baby stock jesus let the bank stress test results be good in a few hours.

 

[ArgentCy]

I find Barstool sports Twitter account rather amusing. Still think he's doing this just for fun and follows. But anyway, now he's managed to piss off the Etrade Baby and got kicked off Etrade. So I guess we can't just blame Robinhood.

https://www.zerohedge.com/markets/barstools-dave-portnoy-says-hes-been-banned-e-trade

 

[cycloneG]

Feels like a day to make some money.

 

[2forISU]

Best Q2 in 20-years, amazing.

Edit: That might be the best Q2 ever.

 

[2forISU]

And the markets are off and running....

 

[cycloneG]

And the markets are off and running....

The indexes just went straight vertical after the jobs report.

 

[Clonedogg]

Selling day!