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A Perspective on the Stock Market in Challenging Days

Discussion in 'Non-Vegas Chat' started by fasbman, Feb 28, 2020.

  1. Gaggles

    Gaggles VIP Whale

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    That guy is a self serving P.O.S. with less integrity than a casino trying to sell us the benefits of Triple Zero Roulette!!!
     
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  2. LKG276

    LKG276 Tourist

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    Buy into companies that you encounter in your daily life that impress you with the product they sale or the customer service they provide. Another thing to watch is how company leadership handles situation like now. Like WYNN .............Not like Hobby Lobby.
     
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  3. Golfer

    Golfer Low-Roller

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    I think I mentioned something about when to go, and when to not go, long oil in here somewhere. So the front month is trading. It's currently at -$24.00.

    How do you buy a futures contract at -$24 to go long? A much longer answer.
     
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  4. fasbman

    fasbman Low-Roller

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    In the long run, the market is a rational analytical mechanism. In the short run, it can sometimes go batshit crazy!
     
    Last edited: Apr 20, 2020
  5. fasbman

    fasbman Low-Roller

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    Today the market ended on a bit of a down note, but overall April was the best month in a long time. It is of course still possible we could retest the March lows. However, I am increasingly confident that at least the blind panic selling experienced during this bear market is over.
     
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  6. vegasdev

    vegasdev VIP Whale

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    I hope you are right.
     
  7. vegasdev

    vegasdev VIP Whale

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    I am just looking for some opinions, nothing serious.
    I was going to buy ERI but some people say they are still buying CZR.
    Which would you buy.... CZR or ERI and why?
     
  8. Texas Rock

    Texas Rock Low-Roller

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    I bought ERI last week and have never felt as comfortable with a stock purchase in my life.

    Between Energy Stocks (i.e. XOM CHV) and Casino Stocks, I really believe there are some great bargains out there for anyone holding on for 2 years while these particular industries rebound after things move back to a more normal economy.

    Particularly with ERI, I think that after the "merger" that I'm expecting to happen in June (fingers crossed), considering they will be the largest gaming company in the US, I am hopeful that the ERI leadership will be able to right the ship with the Vegas Caesars properties and can take full advantage of the Caesars Rewards program, and they can become a force to deal with in many different markets.

    In the short term, over the next 2 months or so, I think that ERI will get an early start on the re-openings of some of their smaller properties and I believe that there will be an uptick in their stock price.

    I'm in at 18.80 and fully expect that it will be north of $55 two years from now. Only time will tell.
     
  9. Bela Oxmyx

    Bela Oxmyx Tourist

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    Anyone considering or have recently bought airline stocks? Was looking at Southwest and Delta as long term holds. Both stocks tailing downward as a result of the economy and with the recent Buffet effect I think they they both continue downward for a while. Don't want to catch the falling knife but Southwest under $25 and Delta under $20 might get in. Would like to hear your thoughts - thanks.
     
  10. 3544quebec

    3544quebec High-Roller

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    As a well-credentialed circus bearded lady I would advise sinking millions into both :nono:
     
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  11. Crawfordesquire

    Crawfordesquire High-Roller

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    SW i would strongly consider. otherwise they all carry too much debt and are about to take on a lot more.
     
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  12. Crawfordesquire

    Crawfordesquire High-Roller

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    CZR's price holds little value relative to the merger price.
     
  13. fasbman

    fasbman Low-Roller

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    Since the last post, the market has continued to move higher (in fact it is doing much better than I thought it would, and I was probably more optimistic than most). It certainly would not surprise me to see a consolidation phase or even a partial retracement of some of the gains. However, I firmly believe that barring some other extraordinary external shock, that the March lows will not be be breached. As always, just IMHO.
     
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  14. oghuman

    oghuman VIP Whale

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    Surprise close to me I was down a bit during the day. My United Health Care up again I'm now up over 1500% and my NVDA is up over 700%. I'd be up more but I sold some a couple years ago to take some profits and bought back some shares. Motley Fool has a buy on it now
     
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  15. Valgal

    Valgal VIP Whale

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    I’m feeling a little happy. I know absolutely nothing about the stock market. We have Transamerica (Blackrock) at work. I do not look at it a lot. Last year was a very good year. Back in April I showed almost a 6% loss. Today I checked and I’m back in the black - for the year up 1.25%. With this crazy world we live in no telling what it will look like at the end of the year.
     
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  16. RebelDiceMan

    RebelDiceMan VIP Whale

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    I am totally happy with my portfolio right now. I have made back pretty much all of my losses during the Covid panic. I hope this trend continues.
     
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  17. fasbman

    fasbman Low-Roller

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    Wow! Just a little more than 2 months after the crash of Feb. & March, the NASDAQ just set a record high. I have never seen such a reversal of market sentiment in my entire life, and I have been in the market for 40 years now. Just Wow!
     
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  18. jack v

    jack v Low-Roller

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    Sweet isn't it. I managed to get out as the crash started and get back in as it started up(I was not sharp enough to hit the bottom), resulting in a nice gain from where I would have been if i did nothing. My retirement funds are now up for the year, it is amazing.
     
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  19. vegasdev

    vegasdev VIP Whale

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    I have two 401ks, one is up to more than what it was before the panic.
    One of them is still down about 5%.
     
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  20. vegasdev

    vegasdev VIP Whale

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    I finally jumped in and bought MGM stock about 30 days ago.
    It has gained 53%.
    And FWIW I'm not even an MGM customer.
     
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