The Investment Thread (2 Viewers)

[Turfie]

Minor victory here.

Bought 31 shares of LUCY at $1.61 last week and sold today for $3.01 in premarket. 90% swing.

Edit: The DD I used to pick this stock was to drink a few beers, smoke a little, and then listen to the Beatles.

This song stuck in my head the following morning. Found out LUCY was a ticker. Bought $50 worth.

 

[Saint_Ward]

Should have bought more CVI... up 20%. One of my only winners lately.

 

[Turfie]

 

[Turfie]

Bought $110 of Blackberry at $4.36. It’s below pre sneeze levels and the RSI indicates it’s oversold on the daily, weekly, monthly, and 6 month chart.

I’d probably sell at $5.50 if it actually bounces

 

[Turfie]

Holy cow. Scott’s Miracle Gro stock has been beaten into a pulp. The WSJ published a report on them a month ago. They are sitting on way too much inventory and retail purchases went down.

But gosh darn. It’s beaten.


The current share price is now 51% lower than the Covid lows in March of 2020. The RSI hasn’t been this low since the 2008 crash. And the modified RSI has never dropped this low.

There hasn’t been much dilution either.

The market cap is fully in line with the share price chart. It’s currently at the lowest market cap since 2009.

The other thing that I looked at was the Moving average Convergence Divergence (MACD).


It’s the lowest it’s ever been. By far. In meme scenarios….typically this would/should violently move back the other direction.

I don’t have any positions. But dang I’m tempted.

 

[Mr. Blue Sky]

I honestly have no answers in terms of where someone should put their money right now.. im in REITs (down), TSLA (down), traditional mutual funds (down), 401k (down).. in a bit of an ironic twist, i have been thinking for the last 18 months or so of investing in real estate, ie a small condo somewhere in a beach town that i could rent out to tenants and eventually retire to.. so for the last year and a half, almost every single day ive been going onto Realtor dot com and checking listings for the one place i identified as having the best potential- wait for it- Naples, Florida.. had i pulled the trigger on that, there’s a decent chance I might now be battling it out with insurance companies that may not remain solvent, or may not make owners whole again.. .. so im relieved i didnt do that .

TBH i think the best thing to do now, and maybe in 2023, is to put ur money into an online savings account, some of which are now back to paying 2% interest .

 

[Turfie]

I honestly have no answers in terms of where someone should put their money right now.. im in REITs (down), TSLA (down), traditional mutual funds (down), 401k (down).. in a bit of an ironic twist, i have been thinking for the last 18 months or so of investing in real estate, ie a small condo somewhere in a beach town that i could rent out to tenants and eventually retire to.. so for the last year and a half, almost every single day ive been going onto Realtor dot com and checking listings for the one place i identified as having the best potential- wait for it- Naples, Florida.. had i pulled the trigger on that, there’s a decent chance I might now be battling it out with insurance companies that may not remain solvent, or may not make owners whole again.. .. so im relieved i didnt do that .

TBH i think the best thing to do now, and maybe in 2023, is to put ur money into an online savings account, some of which are now back to paying 2% interest .

Nice post. It is a real crap show out there.

I decided to max out my work retirement fund now that my wife found work. Im doing 12%. Which is a lot. This was started October 1. I think in the long run it will be good.

I should probably try and limit my “fun account” activity. It’s usually $50 swing plays here and there, shares only. Im just not good at it.

 

[B4YOU]

I honestly have no answers in terms of where someone should put their money right now.. im in REITs (down), TSLA (down), traditional mutual funds (down), 401k (down).. in a bit of an ironic twist, i have been thinking for the last 18 months or so of investing in real estate, ie a small condo somewhere in a beach town that i could rent out to tenants and eventually retire to.. so for the last year and a half, almost every single day ive been going onto Realtor dot com and checking listings for the one place i identified as having the best potential- wait for it- Naples, Florida.. had i pulled the trigger on that, there’s a decent chance I might now be battling it out with insurance companies that may not remain solvent, or may not make owners whole again.. .. so im relieved i didnt do that .

TBH i think the best thing to do now, and maybe in 2023, is to put ur money into an online savings account, some of which are now back to paying 2% interest .

No clue. Bought the limit on I Bonds returning 9.62% and holding cash. Maybe more I Bonds on Jan. It seems like a waiting game on the Fed to stop raising rates. I’ll jump back in a little bit once there is at least a slowing of rates.

 

[NewOrleansFan]

I honestly have no answers in terms of where someone should put their money right now.. im in REITs (down), TSLA (down), traditional mutual funds (down), 401k (down).. in a bit of an ironic twist, i have been thinking for the last 18 months or so of investing in real estate, ie a small condo somewhere in a beach town that i could rent out to tenants and eventually retire to.. so for the last year and a half, almost every single day ive been going onto Realtor dot com and checking listings for the one place i identified as having the best potential- wait for it- Naples, Florida.. had i pulled the trigger on that, there’s a decent chance I might now be battling it out with insurance companies that may not remain solvent, or may not make owners whole again.. .. so im relieved i didnt do that .

TBH i think the best thing to do now, and maybe in 2023, is to put ur money into an online savings account, some of which are now back to paying 2% interest .

Looking at long term, I increased my contribution.

 

[Turfie]

Cohen is back and we got a sex tweet. Poop = down. Sex = up.

Obviously not NFA.

 

[nolaswede]

No clue. Bought the limit on I Bonds returning 9.62% and holding cash. Maybe more I Bonds on Jan. It seems like a waiting game on the Fed to stop raising rates. I’ll jump back in a little bit once there is at least a slowing of rates.

I would max out the I-bonds account and then keep buying monthly in one’s retirement account. It could go down another 10, 20, or 30%, but when we look back at this thread 10 years from now, we will realize that we bought at a very cheap price.

 

[Mr. Blue Sky]

WE RIDIN‘ !!!

 

[Turfie]

Today didn’t scare me. Even in premarket. Tomorrow worries me though.

 

[Turfie]

In April Rite Aid turned down a buyout offer of 815 million ($14.66 per share).

They are currently sitting at $3.93 per share.

 

[Turfie]

One month chart of Rite Aid. Something about this chart looks incredibly unnatural. I decided to waste $50 on it this afternoon and go long on it.