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oks10

oks10

Territorial Marshal
A/V Subscriber
#1,041
Sep 9, 2007
8,860
6,205
1,743
Piedmont, OK
#1,041
jobob85 said:
I take it you are not invested in Enphase? I wouldn't give up on solar, may just be a longer term play.
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No, and this is just goof around money on Robinhood anyways. I'm not near educated enough in any of this to responsibly deal with large amounts of money. And actually, it tanked and then immediately shot back up shortly after. Huh.
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I've only got $80 actually invested, the rest has all be return over the last year.
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Most of that increase was with Vivint Solar, then they went off and merged with SunRun and that's where that big dip is. Pissed me off when they did that... I finally got tired of SunRun jerking my chain so I sold it all and put it into Plug Power.
 
P

Party of common sense

Wrangler
#1,043
Dec 18, 2019
238
72
78
40
Central Oklahoma
#1,043
I keep reading on Twitter some idiot on Biden’s covid task force is pushing for a 4-6 week lockdown. I say bring it on. When the market tanks again it will allow me to convert my rollover IRA to my Roth and pay virtually no taxes on it. I did some last time but kicking myself for not doing it all.
 
Rack

Rack

Legendary Cowboy
#1,044
Oct 13, 2004
24,258
10,126
1,743
Earth
#1,044
Party of common sense said:
I keep reading on Twitter some idiot on Biden’s covid task force is pushing for a 4-6 week lockdown. I say bring it on. When the market tanks again it will allow me to convert my rollover IRA to my Roth and pay virtually no taxes on it. I did some last time but kicking myself for not doing it all.
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Man I hope not...but understand your situation. Lockdowns are brutal...Plus he can't legally do that on a national level. Also, he said he would not...a week after he said he would. Politicians Oy vey.
 
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Coolfogg

Coolfogg

Deputy
#1,047
Sep 6, 2012
2,314
949
743
Edmond
#1,047
teachum said:
Don't they have to at this point, I mean oil prices are just unsustainably low right now.
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No we expected the first cut, the second is the fear of loss. Which we will have to layoff people after this next pad if we do not get anymore contracts. Then we will have about 10 million in equipment setting idle.
 
G

gundysburner

Sheriff
#1,048
Jul 25, 2018
4,209
1,147
243
49
Boulder, CO
#1,048
Party of common sense said:
I keep reading on Twitter some idiot on Biden’s covid task force is pushing for a 4-6 week lockdown. I say bring it on. When the market tanks again it will allow me to convert my rollover IRA to my Roth and pay virtually no taxes on it. I did some last time but kicking myself for not doing it all.
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Curious to know how this works.
 
T

teachum

Deputy
#1,049
Nov 6, 2010
2,285
793
1,743
#1,049
Coolfogg said:
No we expected the first cut, the second is the fear of loss. Which we will have to layoff people after this next pad if we do not get anymore contracts. Then we will have about 10 million in equipment setting idle.
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I do feel for your industry. Seems there is a lot of "settling out" ahead. My point it though, $40/barrel oil just doesn't seem sustainable or profitable. Supply has to be taken off the market to allow for the price to get back to a level where it makes sense again. It is amazing to me that not so long ago, people in the know like T-Boone were talking about peak oil, and here we are with more supply than demand.
 
Coolfogg

Coolfogg

Deputy
#1,051
Sep 6, 2012
2,314
949
743
Edmond
#1,051
teachum said:
I do feel for your industry. Seems there is a lot of "settling out" ahead. My point it though, $40/barrel oil just doesn't seem sustainable or profitable. Supply has to be taken off the market to allow for the price to get back to a level where it makes sense again. It is amazing to me that not so long ago, people in the know like T-Boone were talking about peak oil, and here we are with more supply than demand.
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60 a barrel is the ideal number. The price per is having little effect. It truly comes down to Fearon loss and fear of executive orders to make it more restrictive.
 
T

teachum

Deputy
#1,052
Nov 6, 2010
2,285
793
1,743
#1,052
Coolfogg said:
60 a barrel is the ideal number. The price per is having little effect. It truly comes down to Fearon loss and fear of executive orders to make it more restrictive.
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I think the industry is going to self-regulate the supply. I read somewhere that Exxon had cut their CapEx by several billion. I assume that is their exploratory drilling, etc, but I'm not well educated. Just seems logical that the big players are going to start cutting back on drilling until the price rebounds.
 
LS1 Z28

LS1 Z28

Sheriff
#1,054
Oct 30, 2007
4,593
3,760
1,743
#1,054
The Dow hit 30K for the first time ever today. I heard that sidelined cash is back down to pre-pandemic levels. This run seems a little exuberant with the COVID spike we're seeing, but I'm not going to complain.
 
T

teachum

Deputy
#1,055
Nov 6, 2010
2,285
793
1,743
#1,055
LS1 Z28 said:
The Dow hit 30K for the first time ever today. I heard that sidelined cash is back down to pre-pandemic levels. This run seems a little exuberant with the COVID spike we're seeing, but I'm not going to complain.
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Yea, seems a little ahead of itself, but then again, the value stocks are still well below their all time highs for the most part, and those all time highs are nearly a year ago. And more than anything else, it boils down to "don't fight the FED." There is still nowhere else to put your money to get any return. And between pent up demand, increased savings levels, and low interest rates, it seems pretty clear that when the vaccine starts getting administered, the economy is set to explode.
 
steross

steross

he/him
A/V Subscriber
#1,056
Mar 31, 2004
30,268
31,992
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oklahoma city
#1,056
teachum said:
Yea, seems a little ahead of itself, but then again, the value stocks are still well below their all time highs for the most part, and those all time highs are nearly a year ago. And more than anything else, it boils down to "don't fight the FED." There is still nowhere else to put your money to get any return. And between pent up demand, increased savings levels, and low interest rates, it seems pretty clear that when the vaccine starts getting administered, the economy is set to explode.
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Very well could be true but also seems that when everyone knows something is likely to happen either it doesn't happen or is already priced in.
 
jobob85

jobob85

Alcoholistic Sage
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Mar 11, 2009
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steross said:
Very well could be true but also seems that when everyone knows something is likely to happen either it doesn't happen or is already priced in.
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It's already priced in and now it is on the economy to perform up to expectations in the next few quarters. I also think the "new normal" (zoom etc.) technology stocks are set for a large pull back when the pandemic under control.
 
steross

steross

he/him
A/V Subscriber
#1,058
Mar 31, 2004
30,268
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oklahoma city
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jobob85 said:
It's already priced in and now it is on the economy to perform up to expectations in the next few quarters. I also think the "new normal" (zoom etc.) technology stocks are set for a large pull back when the pandemic under control.
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Yep, priced in for sure. We are at some lofty levels in CAPE although surpassing the internet bubble would not be out of the question with continued Fed backing:
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