Investing General Discussion

Pops

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• Apr 20, 2020

• #3,221

NG up to 3. I sold too soon (Friday). May have to return.

 

Sanrith Descartes

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• Apr 20, 2020

• #3,222

Blazin said:

Are you implying hog futures are next? Could we see negative bacon prices?

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I fucking hope so. I got lots of freezer space in my basement.

 

Asshat wormie

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• Apr 20, 2020

• #3,223

I have no idea who the hell this guy is but this seems accurate

 

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Locnar

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• Apr 20, 2020

• #3,224

should just leave it in the ground

 

Borzak

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• Apr 20, 2020

• #3,225

Oil is about $0.26 per gallon right now before the contracts are up.

 

C

Captain Suave

Caesar si viveret, ad remum dareris.

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• Apr 20, 2020

• #3,226

Locnar said:

should just leave it in the ground

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Shutting off an oil well is not trivial. Producers often prefer to sell at a loss.

 

Kiroy

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• Apr 20, 2020

• #3,227

Sanrith Descartes said:

A simpler explanation..

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give me 10 million i'll dump as much oil into the river as you want

 

Borzak

Bronze Baron of the Realm

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• Apr 20, 2020

• #3,228

Someone mentioned earlier gas was going up and down around $0.35/gallon at the refinery right now before transportation and taxes.

 

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Pops

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• Apr 20, 2020

• #3,229

Kiroy said:

give me 10 million i'll dump as much oil into the river as you want

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That didn't work out so well for Exxon and BP.

 

Pops

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• Apr 20, 2020

• #3,230

Borzak said:

Someone mentioned earlier gas was going up and down around $0.35/gallon at the refinery right now before transportation and taxes.

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If that was me, I was referring to natural gas.

 

Pops

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• Apr 20, 2020

• #3,231

This mess smells like a bottom.

 

Asshat wormie

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• Apr 20, 2020

• #3,232

Pops said:

This mess smells like a bottom.

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Smells like someones bottom for sure

 

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Sanrith Descartes

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• Apr 20, 2020

• #3,233

 

Sanrith Descartes

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• Apr 20, 2020

• #3,234

The last month or so has really jaded me. I see a day when we move less than 2% in either direction and I'm like "yawn, what a snoozer". I am truly unfazed seeing my portfolio down 2% or less. Its really kinda fucked up. I have circuit breaker syndrome.

 

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Pops

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• Apr 20, 2020

• #3,235

Sorry Im crabby. There are opportunities here. I want ideas. I'm back to 85% cash, want to commit it to something. This isn't just BTFD for you Karens. Old dogs can learn new tricks.

 

Sanrith Descartes

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• Apr 20, 2020

• #3,236

Pops said:

Sorry Im crabby. There are opportunities here. I want ideas. I'm back to 85% cash, want to commit it to something. This isn't just BTFD for you Karens. Old dogs can learn new tricks.

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85% cash? I think you missed the on ramp about 4 weeks back.

 

Pops

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• Apr 20, 2020

• #3,237

Sanrith Descartes said:

The last month or so has really jaded me. I see a day when we move less than 2% in either direction and I'm like "yawn, what a snoozer". I am truly unfazed seeing my portfolio down 2% or less. Its really kinda fucked up. I have circuit breaker syndrome.

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Got to adapt. The IV on your options is dropping. So don't pay up. Unless proven, the lows have been seen on a lot of stuff.

 

Sanrith Descartes

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• Apr 20, 2020

• #3,238

Pops said:

Got to adapt. The IV on your options is dropping. So don't pay up. Unless proven, the lows have been seen on a lot of stuff.

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We are settling into a more "normal" trough. Which is actually a good sign for the market. Its sort of a dead zone for me. The stocks that meet my criteria are currently above entry/add-on points. Same with my core ETFs. So for now I wait and look for an opportunity I like.

 

Sanrith Descartes

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• Apr 20, 2020

• #3,239

Pops said:

I'm pissed kid. Let's see how prescient you are. Give us a call.

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XOM will be over $50 by July 1st.
MSFT will be over $190 by July 1st
QQQ will be over $230 by July 1st
BA will be over $300 by Dec 31st

 

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U

Unidin

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• Apr 21, 2020

• #3,240

Foler said:

Thanks. I'll do my homework, reevaluate and prob circle in next month with some more questions.

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Here's the value of that advisor. If the market tanked 30% again, what would you do? Would you panic sell and lock in the losses? The advisor can give a buffer in those instances and talk you off of a ledge. If you're instead the person that would add cash to see it as a buying opportunity or just ignore the ebbs and flows besides some rebalancing once or twice a year, then it's probably not worth it. They can also be worth it for tax loss harvesting, which is more of pain to do on your own.

Disclosure: I work for a SMA firm who work directly with financial advisors. We do very little active management and I can see value in the portfolios with loss harvesting.

 

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