Just curious... anybody dabble in the stock market?
01-29-2021, 07:44 PM
#141
Junior Member
Join Date: Jul 2019
Location: Troy NY
Posts: 236
Total Cats: 31
I never took interest in the stock market until all this stuff with GME. I threw in a couple hundred, mostly on AMC because I couldn't jump on GME when it was sub 200 because of RH blocking buys. If anything I learned a lot about a subject I knew nothing about and its been fun doing the research.
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01-30-2021, 12:30 PM
#143
I never took interest in the stock market until all this stuff with GME. I threw in a couple hundred, mostly on AMC because I couldn't jump on GME when it was sub 200 because of RH blocking buys. If anything I learned a lot about a subject I knew nothing about and its been fun doing the research.
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01-30-2021, 01:12 PM
#145
Lol that's a good one!
Bubble or not though, plenty of people have a made good money on this event. Plenty more people will make good money when GME heads back below $100 where it belongs. I actually think it belongs well below $100, but I expect it to hover higher for a while after it tanks. But time will tell...
Anyone planning to short it when/if the short squeeze occurs? I think if it gets anywhere close to $1000 it is going to be tough to resist shorting it (assuming you can get the order filled).
Bubble or not though, plenty of people have a made good money on this event. Plenty more people will make good money when GME heads back below $100 where it belongs. I actually think it belongs well below $100, but I expect it to hover higher for a while after it tanks. But time will tell...
Anyone planning to short it when/if the short squeeze occurs? I think if it gets anywhere close to $1000 it is going to be tough to resist shorting it (assuming you can get the order filled).
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01-30-2021, 03:22 PM
#146
I've now taken profits four times, and earned enough to drop cash for a new 2020 Grand Touring. Now I'm playing completely with "house money", so I'm not so worried about losing it. My very optimistic limits are set, and time to hang on for a wild ride through Monday and into Tuesday. To the f*cking moon. Let's GO!
Said I was "out" earlier, but saw too many amazing buying opportunities to sit out. Turns out you can make a lot of money in a matter of minutes when you buy the dip :-)
Said I was "out" earlier, but saw too many amazing buying opportunities to sit out. Turns out you can make a lot of money in a matter of minutes when you buy the dip :-)
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01-30-2021, 11:21 PM
#150
Junior Member
Join Date: Aug 2016
Posts: 343
Total Cats: 2
I had 10 shares before market opened on Friday. I resisted the urge to sell at 380 because I wanted more. I knew the 'ladder attack' was coming and at some point price was going to drop so I waited and luckily jumped back in just at the right time. I got 10 more shares at $251 ( lowest point yesterday ).
I know these numbers are pitiful but if I was more of a 'paper handed bitch'. I could have had a couple more shares. Just saying .. sometimes its better to be a paper handed bitch.
I know these numbers are pitiful but if I was more of a 'paper handed bitch'. I could have had a couple more shares. Just saying .. sometimes its better to be a paper handed bitch.
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02-09-2021, 02:52 PM
#152
Now that the GME craziness is dying out, I am wondering what some of the investors here are thinking the big moves will be for 2021.
I personally think that the housing market is going to perform well in 2021 for the following reasons...
1. low interest rates. This one is pretty self-explanatory, but even if rates rise, they will still be relatively low. Low interest rates = more people trying to buy homes.
2. inventory is going to start recovering once everyone starts getting vaccinated. In my area and many others, it is nearly impossible to buy a house right now because there is so little inventory. I think people are afraid to sell their houses because they don't think they will be able to find something to buy if they do. Houses in my area are under contract within 24 hours after listing and always for well above the asking price. My wife and I went to look at one property the day it was listed a few weeks ago. While we were there, 6-8 different groups of people showed up to view it. There was literally not enough parking for everyone that was trying to see the house. It ended up under contract by the next day for 411k (listing price was 380k). This is how it goes at every single property we have gone to see, of which there are already few. I cannot bring myself to buy a house in this market and there is no way I am alone in this mindset. I think once inventory goes up, all of the people who think along the same lines as me will be ready to buy with plenty of savings in hand.
3. lots of people now working remotely who were not working remotely prior to covid. Good point z31! I am in the same situation and can now work from anywhere and do not intend to ever go back to an office. I think a lot of people are in this same position, which means a lot of people are going to be looking into moving in 2021/2022. This will result in more home buying.
4. online presence is now almost a requirement for a company to be successful thanks to covid and working from home. This brings us to Rocket Mortgage, Porch Group Inc., and other similar e-mortgage/e-housing companies that I think are poised to do well in 2021...
Rocket Mortgage (RKT) is pretty well known at this point. Their fundamentals are not great, but I like their business model. I also think that as younger people start buying homes, they are going to be drawn towards companies like Rocket instead of walking into banks and having to talk to someone in person.
Porch Group Inc. is a company that I first heard about on Mad Money with Cramer. I am not completely confident they have what it takes to change the housing/moving industry, but I do like their business model and know many people who have paid for services similar to everything they offer.
There are many other companies that I think could do well in 2021 for the reasons listed above, RKT and PRCH are just a few that I have looked into the most.
What does everyone here think?
I personally think that the housing market is going to perform well in 2021 for the following reasons...
1. low interest rates. This one is pretty self-explanatory, but even if rates rise, they will still be relatively low. Low interest rates = more people trying to buy homes.
2. inventory is going to start recovering once everyone starts getting vaccinated. In my area and many others, it is nearly impossible to buy a house right now because there is so little inventory. I think people are afraid to sell their houses because they don't think they will be able to find something to buy if they do. Houses in my area are under contract within 24 hours after listing and always for well above the asking price. My wife and I went to look at one property the day it was listed a few weeks ago. While we were there, 6-8 different groups of people showed up to view it. There was literally not enough parking for everyone that was trying to see the house. It ended up under contract by the next day for 411k (listing price was 380k). This is how it goes at every single property we have gone to see, of which there are already few. I cannot bring myself to buy a house in this market and there is no way I am alone in this mindset. I think once inventory goes up, all of the people who think along the same lines as me will be ready to buy with plenty of savings in hand.
3. lots of people now working remotely who were not working remotely prior to covid. Good point z31! I am in the same situation and can now work from anywhere and do not intend to ever go back to an office. I think a lot of people are in this same position, which means a lot of people are going to be looking into moving in 2021/2022. This will result in more home buying.
4. online presence is now almost a requirement for a company to be successful thanks to covid and working from home. This brings us to Rocket Mortgage, Porch Group Inc., and other similar e-mortgage/e-housing companies that I think are poised to do well in 2021...
Rocket Mortgage (RKT) is pretty well known at this point. Their fundamentals are not great, but I like their business model. I also think that as younger people start buying homes, they are going to be drawn towards companies like Rocket instead of walking into banks and having to talk to someone in person.
Porch Group Inc. is a company that I first heard about on Mad Money with Cramer. I am not completely confident they have what it takes to change the housing/moving industry, but I do like their business model and know many people who have paid for services similar to everything they offer.
There are many other companies that I think could do well in 2021 for the reasons listed above, RKT and PRCH are just a few that I have looked into the most.
What does everyone here think?
Last edited by JD8; 02-10-2021 at 12:09 PM.
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02-09-2021, 03:50 PM
#153
Elite Member
Join Date: Oct 2011
Location: OKC, OK
Posts: 3,693
Total Cats: 222
If we didn't have a bunch of animals, I'd put my house on the market now and we'd go find another fancy downtown apartment to live in.
I'll be working from home permanently if I want, so the ability to pack up and go somewhere easily is very appealing to us.
I'll be working from home permanently if I want, so the ability to pack up and go somewhere easily is very appealing to us.
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02-10-2021, 08:27 PM
#155
Junior Member
Join Date: Jul 2019
Location: Troy NY
Posts: 236
Total Cats: 31
"Aphria Inc. is now trading at a discount to the terms of the deal announced in December that would see the two companies (APHA and TLRY) merge and become the biggest cannabis company in the world by revenue, he said.
Under the terms of that deal, Aphria shareholders will receive 0.8381 Tilray shares for each Aphria share they own. Tilray shares were last quoted at about $56, while Aphria shares were quoted at just $26.80, meaning an investor can currently buy two Aphria shares for less than the price of one Tilray share. "
The industries I'm focusing on currently are clean energies, semiconductor and marijuana. I've been eyeing some REITS because as you suggested I think once covid is over lots of people will look to uproot themselves and move or at least try, there was a max exodus of people leaving NYC and moving upstate where I live. I should have put my house up for sale when that bubble was at its peak, but I dont think its popped yet and I'm hoping that this summer the market will be hot and I won't have to sit on a for sale sign for long.
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