$5k Investment NOW - Let's Beat the Covid Blues w/investment fun

JVM225 said:
Not wanting to fool around with my brokerage account or get my broker involved, I opened up an online no fee trading account last week and put 2k in it to fool around with.
The value as of right now is $3356.
Not too shabby!
The single biggest winner of the bunch is MGM. Bought 100 @ 7.00. Up 111% right now. Wish I would have grabbed more.
The underperformer is Ford. Bought 100 at 5.05, only up about 15% right now
Live Nation 10 shares up 85%
AMC 10 shares up 69%
Halliburton 100 shares up 57%
Still have a few bucks in cash but no other real cheap is I want yet.

If I was smart I’d bail out today, but I’m going to let it ride for a while.

I’ve picked up some bargains through my regular broker in recent weeks with some cash I had after trimming a little fat, but those are for long term. I’m not usually a trader. More of a buy and hold guy.
Some of the things I bought more of in my regular accounts at discount levels in the last few weeks were Disney, Visa, Microsoft, Caterpillar and Amazon.
My predictions for the biggest winners in that group are Disney and Amazon.
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Well there is the evidence that this is a suckers rally. :) :)
 
ASH said:
41 shares of Boeing (BA) for me.....$122 per share as of now.....I missed the low last week around $90
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I like that one a lot as a long term investment!
 
Stee6043 said:
We all have $5k sitting around, not a thing to do with it and it's got to be invested this week. Who can pick the biggest returning stock as we dig out of the Covid-19 crisis?

Post your pick (ticker symbol), today's price and how many shares you end up with. Let's see what this thing looks like in 4, 6, 12 weeks.

Hmmm....for me....let's see. I'm going airline. Delta

DAL - $27.63 per share. 180 shares are now mine...for the purposes of this thread :)

What would you guys pick?
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Had my eye on that one but chickened out. Airlines work close to the bone. My fear is that while ridership is sure to increase when this is all over, oil prices will too.
Gun to head, had to buy one of them, Delta would be the one I’d buy for the long term.
 
Golfman25 said:
Well there is the evidence that this is a suckers rally. :) :)
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I agree!
We’re still going to see some volatility in the coming months.
But buying quality stuff at discounts with intention of holding is usually a winning strategy.
 
Stee6043 said:
We all have $5k sitting around, not a thing to do with it and it's got to be invested this week. Who can pick the biggest returning stock as we dig out of the Covid-19 crisis?

Post your pick (ticker symbol), today's price and how many shares you end up with. Let's see what this thing looks like in 4, 6, 12 weeks.

Hmmm....for me....let's see. I'm going airline. Delta

DAL - $27.63 per share. 180 shares are now mine...for the purposes of this thread :)

What would you guys pick?
Click to expand...
Hi Guys,
Up here in Ontario Canada we are in lockdown, essential services only.....yes no access to the marina! So I watched the news and it looks like the states isn’t taking the pandemic seriously, you guys are going to get hit like Italy. So having said that, I would invest in funeral homes and gun companies. Just my thoughts.
Stay safe brothers.
 
Yorkshirelad said:
Hi Guys,
Up here in Ontario Canada we are in lockdown, essential services only.....yes no access to the marina! So I watched the news and it looks like the states isn’t taking the pandemic seriously, you guys are going to get hit like Italy. So having said that, I would invest in funeral homes and gun companies. Just my thoughts.
Stay safe brothers.
Click to expand...

Michigan is taking it seriously, We're on "Stay Home, Stay Safe" order, but please don't turn this into another virus thread....:rolleyes::rolleyes::rolleyes:
 
JVM225 said:
Roku was my big miss last year.
Wanted to buy it as soon as it came out of the gate, hesitated and the right opportunity never presented itself again.
After using their devices for years I knew it would be a winner.
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The admiral can run my Roku TV using a Spectrum app without yelling. No cable box required, and no input switching. The Roku speakers are phenomenal for their size. They have their own eco system that they allow everyone to play in. Finally, they have a tremendous head start in the OTT industry. Hoping it's my Apple. Missed the first one.
W I N N E R !!!
 
any tips while the as of today?
 
We certainly may still be exposed to big drops, so that would be another buy, but if the Senate will quit messing with the aid bill, and new cases finally start dropping, I hope we are back to a climb up. As the market was overvalued (by some accounts) prior to this, we may not reach 29,000 on the Dow for a while.

As a former airline pilot (most of whom use Dr and Dentist type of stock trades - buy high, sell low), I may not be the one to give advice, but this drop started on 2/20 - look for stocks that have dropped by greater than 30%, and if they have good fundamentals, they are still a "buy" today...11 minutes remaining today to trade...
 
Well I sold my 3 DIS call options I bought late yesterday. Paid 1.45 ($145 each). Sold one at 2.00, one at 2.47 and set a stop for the last and sold it at 2.28. Average was 2.25. Net gain was 55.17% in less than 24 hours. What sucks is it was up over $3 at one point. I think employment data comes out in the morning and I'd rather not be holding anything when it does so I was going to get rid of it today either way. But I'm happy with 55%. All said and done that's $240 profit. Not a lot but that was in my IRA account. Made a few trades in my day trade account today too. +20.18% AAPL, -9% AAPL, +13.6% ROKU, +11.6% SPY, +6.8% TSLA, -12.2% BA. Spreads are too large for my liking right now so being very conservative.

Just my opinion here but wouldn't be surprised if this is a dead cat bounce. Thats a term used by traders that means even a dead cat will bounce when dropped off a roof...lol. Not saying it will be wouldn't be surprised if this drops back again and goes even lower than it was. I'm being very cautious. I am a technical trader and trade charts only and need better signals before I'm convinced. 2 days of green isn't enough to convince me.

And yes, options are much harder to trade. You have to consider strike price, expiration, delta and theta. And I have said before that any new trader that starts out well doesn't usually end well. I started in 2013 and did pretty good at first then got over confident and lost it all by getting too aggressive. I generally limit my entries to about $500 and keep tight stops. I go a little bigger in my IRA account because that is a longer term account and a little bigger than my day trade account. I look for base hits. Swinging for the fences will make you go broke fast.

Good luck and be safe!
 
boatman37 said:
I look for base hits. Swinging for the fences will make you go broke fast.

Good luck and be safe!
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Not into options or any of that stuff. Bought some Boeing and GE among things. Took small profit of $180 today. Should of waited a little longer as Boeing went up about $10 more before dropping. Things dipped at the end lowering the total portfolio but the realized gain was a nice single.
 
Boatman I think this was as you trader's say, a dead cat bounce also. I don't really know what the jobs report is going to do to the market tomorrow. Part of me thinks it's going to drop like crazy but part says it might not be that crazy because everyone should know it's going to be terrible and hopefully temporary. Guess we'll see tomorrow. Good luck everyone.
 
I’ve been investing consistently for about 40 years.
Not trading, just investing.
I’ve seen my share of ups and downs over that time period and still consider myself a novice, but this is what I’ve learned I can live with.
If you are a long term investor and haven’t sold anything since this all started, keep it that way. It’s numbers on a piece of paper and they will go the other way again.
If you have some cash that you planned on putting in the market and don’t want to try to time it then buy good stuff that has been beaten up for no other reason than a general fall in the market. That’s what I did over the last few weeks. Pretty much picked up more of a few stocks that I already own, have treated me well over the last few years, and were selling at a big discount.
If you want to fool around a little with a couple of bucks that you won’t loose sleep over if it disappears, then have some fun. That’s what I did last week to kill some time. Look at is as sort of like going to the casino.
If you are jumping in and out with real money that would make a difference in your life, you’re treading in dangerous waters and hopefully you know what you’re doing
 
Not cheap per share but keep an eye on Sherwin Williams.

There’s been a few big swings recently and it was at a record high of $597 a few weeks ago.
 
I bought about $1000 of DAL averaging about $30/a share. The rest... 2X this..

You might be richer...I'll be A LOT happier!:)

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JVM225 said:
I’ve been investing consistently for about 40 years.
Not trading, just investing.
I’ve seen my share of ups and downs over that time period and still consider myself a novice, but this is what I’ve learned I can live with.
If you are a long term investor and haven’t sold anything since this all started, keep it that way. It’s numbers on a piece of paper and they will go the other way again.
If you have some cash that you planned on putting in the market and don’t want to try to time it then buy good stuff that has been beaten up for no other reason than a general fall in the market. That’s what I did over the last few weeks. Pretty much picked up more of a few stocks that I already own, have treated me well over the last few years, and were selling at a big discount.
If you want to fool around a little with a couple of bucks that you won’t loose sleep over if it disappears, then have some fun. That’s what I did last week to kill some time. Look at is as sort of like going to the casino.
If you are jumping in and out with real money that would make a difference in your life, you’re treading in dangerous waters and hopefully you know what you’re doing
Click to expand...
Not to hijack, but remember the fundamentals of the economy are changing. It's going to be quite different when we get out of this.
 
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