Boiler Room: The Official Stock Market Discussion

[Saysumthinfunnymike]

I didn't plan it this way but somehow I have ended up with an "itchy fingers" portfolio like ol' breh along with my long term investments.

This market is so volatile I figure I can continue to make some money trading while also investing long term. Both worlds.

 

[Saysumthinfunnymike]

So what I'm doing is buying some shyt at low costs on the cheap (not investing a lot) on stocks that are beaten the fukk down and then just selling off the rebound whether it's 10-15% or whatever.

Of course it goes back down because most industries haven't recovered but the point is sell at like 10-15% up. Basically what @*DalMem* does with Expedia lol

 

[the cac mamba]

united firing a third of its pilots on june 30th

 

[Tug life]

united firing a third of its pilots on june 30th

fukking crazy.. I thought part of the bailout meant they couldn't lay off any workers?

 

[Tug life]

fukking crazy.. I thought part of the bailout meant they couldn't lay off any workers?

United Airlines Plans To Lay Off More Than One Third Of Pilots
MAY 4, 2020 BY BEN (LUCKY)
United plans to “displace” 4,457 pilots
While United can’t lay off any pilots until October 1 (as a condition of accepting CARES Act funding), the airline has made long term plans clear.

This weekend United’s chief pilot sent a note to pilots outlining what the future will look like:

• As of June 30, 2020, United’s bid for work slots will be displacing 4,457 of 12,250 positions, which represents over a third of pilots
• While United will have to keep paying pilots through September 30, what this means is that as of June 30 there will be no opportunity for nearly 4,500 pilots to bid on a schedule
• As of October 1 those will likely translate into job losses, unless travel demand rebounds much quicker than the airline is expecting in the short term
• To give a sense of the scale of the issue, it’s noted that United has more pilots than daily passengers right now

 

[Hahahaha]

So what I'm doing is buying some shyt at low costs on the cheap (not investing a lot) on stocks that are beaten the fukk down and then just selling off the rebound whether it's 10-15% or whatever.

Of course it goes back down because most industries haven't recovered but the point is sell at like 10-15% up. Basically what @*DalMem* does with Expedia lol

Been doing the same. If they drop further, I'll just hold them. No reason to sell anything right now for a loss if you don't need the liquidity.

 

[Saysumthinfunnymike]

Been doing the same. If they drop further, I'll just hold them. No reason to sell anything right now for a loss if you don't need the liquidity.

Same logic applies for me, I diversify and don't tie up too much into one company. That way if the rebound takes a little bit I'm still making various other moves.

 

[Tug life]

Hertz is getting murdered in after hours

 

[Rickdogg44]

This year is lining up exactly like the 2000 dot-com bubble crash — stocks will drop 40% from here, former Goldman manager says

 

[NkrumahWasRight Is Wrong]

Nrz earnings premarket tomorrow

 

[Da_Eggman]

Futures looking up

 

[Saysumthinfunnymike]

Futures looking up

Would be good for my trades, less so for my longterm portfolio.. but I'm trying to eat both ways. No point in just settling for long term investments with all this volatility

 

[Da_Eggman]

If you could only go in on 3 stocks for the next ten years what would y’all choose

 

[winb83]

If you could only go in on 3 stocks for the next ten years what would y’all choose

Apple, Microsoft, Facebook.

 

[Saysumthinfunnymike]

If you could only go in on 3 stocks for the next ten years what would y’all choose

what he said but I'd also consider a military/defense position. War never stops.