Stock Market seems volatile

[Ja Rhule]

4 minutes ago, Squirrel said:

Yeah and I decide to pick up some wells Fargo yesterday afternoon. Fml. 

Wells will yield some huge returns in next 1-2 years.  They have been made a scapegoat here in US.  They got crashed for something that every bank did.

[NCPanthrfan]

15 hours ago, Raleigh>Charlotte said:

Dont ever buy bank stock

Financials are dangerous.

[Happy Panther]

BofA seems like a pretty good value play right now. Saying "never buy sector X" has no meaning.

[Ja Rhule]

1 hour ago, Happy Panther said:

BofA seems like a pretty good value play right now. Saying "never buy sector X" has no meaning.

Banks are sitting on a ton of liquidity right now.  Once COVID vaccine becomes available, banks stock will boom.

[Dex]

$KTOV hitting a million dollars a share this week. Currently trying to decide what color Lambo I want.

[Davidson Deac II]

On 6/28/2020 at 5:50 AM, NCPanthrfan said:

Financials are dangerous.

Not really.  They tend to be no more or less dangerous than most other stock.  Wells stock futures depend on how well the new CEO handles the PR side and can keep their names out of the media. 

Edited July 6, 2020 by Davidson Deac II

[Ja Rhule]

1 hour ago, Davidson Deac II said:

Not really.  They tend to be no more or less dangerous than most other stock.  Wells stock futures depend on how well the new CEO handles the PR side and can keep their names out of the media. 

He’s doing all the right things.  Wells are stealing all employees from Bofa right now... good and bad.  Huge issue with Wells was their culture.  He’s fixing that.  Look for Wells to move their corporate to Charlotte in next few years.

[Squirrel]

One reason I wanted a financial stock was all the companies leveraging cash for covid19. Just feels like the financials will be raking in cash from interest payment.  Wanted to buy Chase but out of my price range right now. 

[Happy Panther]

F has yet to recover. I made a bundle on Jan 2021 calls. Could be the next play -  maybe double up on the stock itself or June 2021 calls. Nothing else I follow seems terribly undervalued.

Edited July 17, 2020 by Happy Panther

[Squirrel]

2 hours ago, Happy Panther said:

F has yet to recover. I made a bundle on Jan 2021 calls. Could be the next play -  maybe double up on the stock itself or June 2021 calls. Nothing else I follow seems terribly undervalued.

F has gotten me 33% returns so far and I plan on holding it to about $9. 

[Davidson Deac II]

I made a significant amount on UAL, took the profits before they dropped again, then sunk it into Exxon.  Its down a litte right now, but I expect it to go up within a year or two.  In the meantime, they pay a nice dividend.  Also bought a company called Mitek, but I am beginning to think that one wasn't a wise purchase.   

[fitty76]

Anyone still trading?  

[Squirrel]

On 10/20/2020 at 7:58 AM, fitty76 said:

Anyone still trading?  

Yeah still have money in stocks. Going to pull half out before the election though. 

[Davidson Deac II]

Still letting my Exxon stock ride.  Its down about 10% from where it was when I bought.  Might have to sit for a while to make my money back.  

On the flip side, my 401k is doing fairly well, all things considered.