The Market Thread

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bleedinorange

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Jan 11, 2010
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A while back a poster (newer investor) asked the thread for advice on potential stock purchases. I responded and with my financial advisor son's advice recommended Amazon, Apple, and Intuit surgical. The person who asked ignored my post without so much as a "fu buddy". I thought I'd update my recommendations with a report on the performance of the stocks. If you'd bought only 5 shares of each at that time (around 3/20) at a cost of $12,210, as of yesterday you would have a $9,275 profit. I hope you did.
 

okstate987

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Oct 17, 2009
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A while back a poster (newer investor) asked the thread for advice on potential stock purchases. I responded and with my financial advisor son's advice recommended Amazon, Apple, and Intuit surgical. The person who asked ignored my post without so much as a "fu buddy". I thought I'd update my recommendations with a report on the performance of the stocks. If you'd bought only 5 shares of each at that time (around 3/20) at a cost of $12,210, as of yesterday you would have a $9,275 profit. I hope you did.
Similarly, if anyone would have bought silver back on March 18th when I suggested it and bought some, you would have over doubled your money: $12.37 an ounce then to $26.80 today.

The fundamentals still look very strong in the medium to long term with all of the deficit spending, currency printing and free money.
 
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bleedinorange

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Similarly, if anyone would have bought silver back on March 18th when I suggested it and bought some, you would have over doubled your money: $12.37 an ounce then to $26.80 today.

The fundamentals still look very strong in the medium to long term with all of the deficit spending, currency printing and free money.
You're right of course, for the moment. Commodities are weak if one is looking for sustainable growth. Momentary ups followed by predictable downs preclude them as a viable vehicle for retirement security. Some argue gold/silver is not as good a hedge on inflation as oil. There is no dividend and physical gold/silver can incur costs as high 4-5% to sell.
 

okstate987

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You're right of course, for the moment. Commodities are weak if one is looking for sustainable growth. Momentary ups followed by predictable downs preclude them as a viable vehicle for retirement security. Some argue gold/silver is not as good a hedge on inflation as oil. There is no dividend and physical gold/silver can incur costs as high 4-5% to sell.
True, however paper gold & silver avoid these issues. They have downsides, but that only reallycomes int o play if there is a run on those and a demand for the physical equivalent en masse. Basically only if there is a monetary collapse pf some kind.
 

Boomer.....

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If you're investing in anything besides U.S. company stocks and bonds, you are overthinking it.
It’s good to have a portion of your equities in international for diversification. I know they‘ve lagged US stocks over the past decade, but there’s been many periods where they outperformed. Consider them a bargain now.
 

steross

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https://www.bloomberg.com/news/arti...rket-is-forcing-everyone-to-become-a-believer


Rallying Stock Market Is Forcing Everyone to Become a Believer


From professional investors to market handicappers, it’s becoming next to impossible to stay bearish in the face of the rally in equities.

Fund managers who went to cash when the pandemic broke out have been forced back in to stocks, pushing measures of positioning toward historical highs. Wall Street forecasters, some of whom threw up their hands in surrender four months ago, are pushing up targets each day. Even Goldman Sachs Group Inc., which once warned that bad loans and falling dividends could drive a second leg of the bear market, now sees another 6% of upside in the S&P 500.
 
Oct 7, 2008
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Alright, everyone and their dog is moving right now. Sales on homes are up 25% from June to July. Up 9% from a year ago. Meanwhile Uhaul is still down to 350 from their 52-week high of 425. That's paid off a little for me so far but I see it paying off much more. I'm also looking at Masco. What other stocks could benefit from this? C'mon smart guys let's see what you got!
 

okstate987

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I'm thinking about getting into AMD. They are destroying Intel and have a lot of room for market share growth. Intel is also still working with a 10nm process on their next gen chips, while AMD is rumored to have a 5nm process on the new zen 3 chips. If that is true, they will be hands down better in every way.
 
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Oct 7, 2008
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Thinking of investing in cashless plays like Paypal, Square, Visa, or any combo thereof.
I bought Square this week even after it jumped 10%. Watched it for a few days thinking it would do a little dip and it basically held steady so went ahead and went in. Jumped another 4% for me so far. It's really a shame everyone uses the Venmo app because Square's personal payment app is 10x better. I was forced to switch over like five years ago bc that's what all my friends were using. Might have to make the switch back to support my company now!
 

NotOnTV

BRB -- Taking an okie leak
Sep 14, 2010
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I bought Square this week even after it jumped 10%. Watched it for a few days thinking it would do a little dip and it basically held steady so went ahead and went in. Jumped another 4% for me so far. It's really a shame everyone uses the Venmo app because Square's personal payment app is 10x better. I was forced to switch over like five years ago bc that's what all my friends were using. Might have to make the switch back to support my company now!
I passed on NVDA a few weeks ago because I thought they were overextended and didn't want to chase it.
Sorely regretting it.