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beshannon · 10 August 2020, 10:59 PM

Quiet morning, August doldrums, lack of real news, Apple price target street high of 600.

Jobless claims on Thursday and retail sales on Friday.

https://www.thestreet.com/markets/5-...-monday-081020

kearez · 10 August 2020, 11:05 PM

Planning on adding Walmart to my portfolio today. Will see how that plays out.

beshannon · 10 August 2020, 11:15 PM

Quote:

Originally Posted by RBradleigh

Thanks Beshannon

Here is more reading, I am sticking with STOR and would add on any pullback below my cost basis

https://seekingalpha.com/article/436...ide-is-turning

-dustin · 10 August 2020, 11:59 PM

Dropped RKT, added OPGN and TCNNF. High expectations for the week.

supernova · 11 August 2020, 12:03 AM

Re-entering NET on weakness today, looking for 36.

jaisonline · 11 August 2020, 12:09 AM

I added more DKNG today.

What's the consensus here on DKNG's earnings forecast for Friday.

2 of 3 US major sports are in bubbles & have been playing w/o interruption so far (bubbles).

The NFL is the "make or break it" for this stock from betting & daily fantasy though.

beshannon · 11 August 2020, 02:24 AM

Value back in play today

MOS, CAT, CNX, NUE, MMM, PPG, UNP . . . too many to list

Looks like investors are positioning for a rotation and a recover into next year

I am long CAT and MMM

RBradleigh · 11 August 2020, 02:48 AM

Quote:

Originally Posted by beshannon

Here is more reading, I am sticking with STOR and would add on any pullback below my cost basis

https://seekingalpha.com/article/436...ide-is-turning

My key takeaway from the article which I appreciate you posting by the way is 1) For the most part rents are being covered 2) Majority of properties are in less impacted Covid areas 3) dividend payout is fairly safe

- Russell

gnuyork · 11 August 2020, 07:01 AM

Ugh... I took a look at SRNE today... the stock that caused me a big headache when I lost nearly $20K in May after I didn't dare hold it any longer while it was plummeting...

Guess I should have. Hindsight.

huncho · 11 August 2020, 07:56 AM

Quote:

Originally Posted by jaisonline

I added more DKNG today.

What's the consensus here on DKNG's earnings forecast for Friday.

2 of 3 US major sports are in bubbles & have been playing w/o interruption so far (bubbles).

The NFL is the "make or break it" for this stock from betting & daily fantasy though.

i think dkng is good long term regardless as states start legalizing sports betting slowly

jaisonline · 11 August 2020, 08:17 AM

Quote:

Originally Posted by huncho

i think dkng is good long term regardless as states start legalizing sports betting slowly

Hey Huncho,

true. I added 75% more to my position today.

I’m a fan of both FanDuel and DraftKings for daily fantasy sports so sports betting is icing on the cake. The daily fantasy is huge enough business plus booking only wins most of the time (not all).

austinp · 11 August 2020, 09:57 AM

Quote:

Originally Posted by jaisonline

Hey Huncho,

true. I added 75% more to my position today.

I’m a fan of both FanDuel and DraftKings for daily fantasy sports so sports betting is icing on the cake. The daily fantasy is huge enough business plus booking only wins most of the time (not all).

How bout PENN?

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logo · 11 August 2020, 10:19 AM

Anyone with thoughts on gold spot price? I have a few gold mining stocks and calls, and while long term I believe gold will run higher, but I’m trying to decide what to do with my calls (October expiry) as I do worry a bit we could see a bit of a temporary retreat in gold prices, just not sure yet for how long or when. I know it’s a bit of a market timing question, which isn’t easy, but curious to hear other members’ gold forecasts.

JWD531 · 11 August 2020, 11:01 AM

Quote:

Originally Posted by logo

Anyone with thoughts on gold spot price? I have a few gold mining stocks and calls, and while long term I believe gold will run higher, but I’m trying to decide what to do with my calls (October expiry) as I do worry a bit we could see a bit of a temporary retreat in gold prices, just not sure yet for how long or when. I know it’s a bit of a market timing question, which isn’t easy, but curious to hear other members’ gold forecasts.

It seems a bit extended at the moment, but I’m not one to speculate on timing. I definitely wouldn’t be opening a new position right now, but I haven’t learned enough about options yet. My guess is it trades a bit sideways for a while at best.

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JWD531 · 11 August 2020, 11:02 AM

Quote:

Originally Posted by gnuyork

Ugh... I took a look at SRNE today... the stock that caused me a big headache when I lost nearly $20K in May after I didn't dare hold it any longer while it was plummeting...

Guess I should have. Hindsight.

It’s like looking at car prices after you buy one. Just don’t do it...

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scarlet knight · 11 August 2020, 11:08 AM

Quote:

Originally Posted by jaisonline

I added more DKNG today.

What's the consensus here on DKNG's earnings forecast for Friday.

2 of 3 US major sports are in bubbles & have been playing w/o interruption so far (bubbles).

The NFL is the "make or break it" for this stock from betting & daily fantasy though.

Bad for DKNG. NFL may or may not work out. Forgetting about that stock, I think football should play in spring 2021.

jltait · 11 August 2020, 11:23 AM

Quote:

Originally Posted by beshannon

Value back in play today

MOS, CAT, CNX, NUE, MMM, PPG, UNP . . . too many to list

Looks like investors are positioning for a rotation and a recover into next year

I am long CAT and MMM

Yes! Be sure to check out CMI as well.

jltait · 11 August 2020, 11:32 AM

Quote:

Originally Posted by logo

Anyone with thoughts on gold spot price? I have a few gold mining stocks and calls, and while long term I believe gold will run higher, but I’m trying to decide what to do with my calls (October expiry) as I do worry a bit we could see a bit of a temporary retreat in gold prices, just not sure yet for how long or when. I know it’s a bit of a market timing question, which isn’t easy, but curious to hear other members’ gold forecasts.

Gold bug here. Why own the miners and not the physical metal itself? If you believe the purchasing power of the world’s major currencies is going to continue to erode as it has for the last century or so, then gold has nowhere to go but up. Central banks continue to hoard the stuff while most investors choose to stay away for reasons that are beyond me. I tend to believe they know something we don’t.

Over the next couple of months I believe we’ll see a pullback lasting into October, with $4000/oz within the next two years. Buy with both hands and hold, the real stuff, not paper.

huncho · 11 August 2020, 11:39 AM

Quote:

Originally Posted by scarlet knight

Bad for DKNG. NFL may or may not work out. Forgetting about that stock, I think football should play in spring 2021.

nfl would never do spring, they'd have to wait til next fall. i think this season wont go well though

logo · 11 August 2020, 12:24 PM

Quote:

Originally Posted by jltait

Gold bug here. Why own the miners and not the physical metal itself? If you believe the purchasing power of the world’s major currencies is going to continue to erode as it has for the last century or so, then gold has nowhere to go but up. Central banks continue to hoard the stuff while most investors choose to stay away for reasons that are beyond me. I tend to believe they know something we don’t.

Over the next couple of months I believe we’ll see a pullback lasting into October, with $4000/oz within the next two years. Buy with both hands and hold, the real stuff, not paper.

Thanks. Yes I agree we will see gold go way up long term. My rationale for miners is that lets say gold is $1800/oz, and operating cost for that 1 oz is $800. That's $1000 profit for the miners. If gold goes up to $2400 then that's a 33% increase in gold price, but a 60% increase in profit for the miners. So I figure they have more room for upward movement, assuming operating cost remains stable (and it has in fact decreased due to cheap oil).

beshannon · 11 August 2020, 08:46 PM

Quote:

Originally Posted by jltait

Yes! Be sure to check out CMI as well.

Yes that is another good one, I prefer CAT at this point, higher yield and far more beaten down

beshannon · 11 August 2020, 09:13 PM

https://www.thestreet.com/markets/5-...tuesday-081120

Futures up on vaccine news, some earnings but mostly quiet trade. I will look to fade this move higher as it is not sustainable IMHO

np2016 · 11 August 2020, 11:11 PM

Definitely a major shift to deep cyclicals from technology going on.

beshannon · 11 August 2020, 11:20 PM

Quote:

Originally Posted by np2016

Definitely a major shift to deep cyclicals from technology going on.

Value rotation, protecting gains and not enough liquid money to move both the DOW and the NASDAQ at the same time.

We are getting very toppy, I am selling into this (fake) rally off the back of the news cycle today.

Where some people see risk-on I see panic buying. Funds and ETF's had massive outflows in July and that money is now FOMO.

Stay cautious and protect your gains

beshannon · 12 August 2020, 12:15 AM

Just started a small position in PPG

Not selling anything yet

Uggi · 12 August 2020, 12:22 AM

Aston Martin now up by 45% in 3 weeks (7.5% today). I moved out of some Google to finance this trade and will let it run as I believe in the new management team and strategy.
Also plan to buy more NET today or tomorrow (target is 35 for me)
Nothing else happening for me - I'm still holding everything I have.

JWD531 · 12 August 2020, 12:43 AM

Quote:

Originally Posted by Uggi

Aston Martin now up by 45% in 3 weeks (7.5% today). I moved out of some Google to finance this trade and will let it run as I believe in the new management team and strategy.
Also plan to buy more NET today or tomorrow (target is 35 for me)
Nothing else happening for me - I'm still holding everything I have.

Took some profits from AMD the other day due to being overbought and overvalued. Bought some more JPM premarket as my cyclical play. So far so good. Will dip my toe in some NET soon as well once it establishes a new bottom. Same with FSLY once it recovers from wherever it finds a bottom.

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AshCashEmAll · 12 August 2020, 12:45 AM

Quote:

Originally Posted by beshannon

Just started a small position in PPG

Not selling anything yet

Me too but I’m tempted to dump fsly for I’m worried where it’s new bottom will be...

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beshannon · 12 August 2020, 12:50 AM

Quote:

Originally Posted by AshCashEmAll

Me too but I’m tempted to dump fsly for I’m worried where it’s new bottom will be...

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Cannot help there I have no opinion on FSLY other than the rotation out of tech in general is going to continue

AshCashEmAll · 12 August 2020, 01:01 AM

Quote:

Originally Posted by beshannon

Cannot help there I have no opinion on FSLY other than the rotation out of tech in general is going to continue

Oh well stocks were fun but I’m back to the amount I had 3 months ago going into this game. It was a fun ride and I’m glad I didn’t lose anything.

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10 August 2020, 10:59 PM	#3991
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,895	Quiet morning, August doldrums, lack of real news, Apple price target street high of 600. Jobless claims on Thursday and retail sales on Friday. https://www.thestreet.com/markets/5-...-monday-081020 __________________ Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent

11 August 2020, 02:24 AM	#3997
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,895	Value back in play today MOS, CAT, CNX, NUE, MMM, PPG, UNP . . . too many to list Looks like investors are positioning for a rotation and a recover into next year I am long CAT and MMM __________________ Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent

11 August 2020, 09:13 PM	#4012
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,895	https://www.thestreet.com/markets/5-...tuesday-081120 Futures up on vaccine news, some earnings but mostly quiet trade. I will look to fade this move higher as it is not sustainable IMHO __________________ Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent

12 August 2020, 12:15 AM	#4015
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,895	Just started a small position in PPG Not selling anything yet __________________ Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent

10 August 2020, 11:05 PM	#3992
kearez "TRF" Member Join Date: Mar 2016 Location: 36000FT Posts: 701	Planning on adding Walmart to my portfolio today. Will see how that plays out.

10 August 2020, 11:59 PM	#3994
-dustin 2024 ROLEX DATEJUST41 Pledge Member Join Date: Apr 2019 Real Name: Dustin Location: A, TX Posts: 1,571	Dropped RKT, added OPGN and TCNNF. High expectations for the week.

11 August 2020, 12:03 AM	#3995
supernova "TRF" Member Join Date: Jun 2012 Location: Europe/Asia Watch: AP/Rolex Posts: 1,278	Re-entering NET on weakness today, looking for 36.

11 August 2020, 12:09 AM	#3996
jaisonline 2024 Pledge Member Join Date: Apr 2015 Location: USA Watch: 5 digit models Posts: 1,515	I added more DKNG today. What's the consensus here on DKNG's earnings forecast for Friday. 2 of 3 US major sports are in bubbles & have been playing w/o interruption so far (bubbles). The NFL is the "make or break it" for this stock from betting & daily fantasy though.

11 August 2020, 07:01 AM	#3999
gnuyork "TRF" Member Join Date: Dec 2011 Location: Marietta, GA Posts: 3,248	Ugh... I took a look at SRNE today... the stock that caused me a big headache when I lost nearly $20K in May after I didn't dare hold it any longer while it was plummeting... Guess I should have. Hindsight.

11 August 2020, 10:19 AM	#4003
logo "TRF" Member Join Date: Jan 2019 Location: North America Posts: 2,301	Anyone with thoughts on gold spot price? I have a few gold mining stocks and calls, and while long term I believe gold will run higher, but I’m trying to decide what to do with my calls (October expiry) as I do worry a bit we could see a bit of a temporary retreat in gold prices, just not sure yet for how long or when. I know it’s a bit of a market timing question, which isn’t easy, but curious to hear other members’ gold forecasts.

11 August 2020, 11:11 PM	#4013
np2016 "TRF" Member Join Date: Apr 2016 Location: Ohio Watch: Rolex, Patek, AP, Posts: 522	Definitely a major shift to deep cyclicals from technology going on.

12 August 2020, 12:22 AM	#4016
Uggi Banned Join Date: Apr 2018 Location: HOME! Posts: 1,175	Aston Martin now up by 45% in 3 weeks (7.5% today). I moved out of some Google to finance this trade and will let it run as I believe in the new management team and strategy. Also plan to buy more NET today or tomorrow (target is 35 for me) Nothing else happening for me - I'm still holding everything I have.

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