CDEV

Thank me later.
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I hope some of you chumps posting these low level stocks post your losses when the bottom falls out of those turds.
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Market actually punched through its 200-day SMA today for the first time since it fell through it. I had this pegged as a trading rally and it was looking that way but that may no longer be the case. We have 2 things ahead that are going to cause problems. One is the election. Two is the fallout from unemployment. There are a lot of layoffs that will come in August and September.

All in all it's looking like the lock down was overkill and though at first we didn't know that we are seeing in the states that are opening up a willingness by the consumer to not sit inside. The cloud now will be the perceived fear of the dreaded "second wave". Some have already pre-determined it will be much worse than the first wave though they have no data to substantiate that and the fact the first wave was nothing like we thought it would be.

I think as we approach the election you might be wise to take some off the table or hedge. It's going to be super dicey if Trump loses because no one really knows what Biden will do. Assuming Biden does win we will have to see what type of tax hikes, etc. he throws at businesses and such.

Now, long, longe term just keep putting your money in. But if you're a trader or if you are getting close to retirement then this election cycle might be one to sit out.
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You should have invested in Corn Dogs, Corn Pops or Cornhole instead! :-)
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Turns out.
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I did, remember IQIYI?

Now piss off!
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WTF is happening to SHOP?
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If it makes you feel better, my worst beating so far is buying X(US Steel) at $38.
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Quit making fun of my blind faith in ford!
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Finished in the green after that awful midday dump :-)


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Woof!
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Well, Instagram released some ways to pay direct on their platform. Really, it's just a broad 2 day risk-on rally. Your SHOP money went into Iowanians X which was up 7% today or Bank of America up 15% in the last two days, some of the airlines up 20% over that period.

The market got bullish and it's moving money back out of recent high flyers into sectors badly damaged due to covid or the ones that are just always cyclically tied to the economy.

Almost everything saw a good recovery at the end of the day. Mid day AYX and TWLO, TTD were down 10% or close
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If I know one thing it's how to dig a hole until I hit bedrock.

I've countered that with buying more at the bottom so my average is a little over $10/share now and it's coming back to that neighborhood.

I've made better decisions since then, and I am learning from this thread. I try to avoid the wild hair investments without knowing WHY I'm buying into that. Casino, airline, oil, and cruiselines because when Rona stops scaring people....people gonna spent money.

The only recent exception is that when Clay gets out of something...I know it's a winner, so I bought Mark yesterday when he said he sold.....
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You've learned well grasshopper!
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:-)

So I went from 1.84 to 2.88.

You went from 2.88 to 3.40.

Who's the winner here?

I wouldn't hold it too long tomorrow....
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