Did you dump MARK yet, Iowanian?

The bubble is about to burst.
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OOF.

That MARK dump was savage.
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I went with JetBlue (JBLU)....for varying reasons...

Not a knock on LUV....more that I thought JBLU is undervalued....
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I got out on COST today at $308.50 this morning. Market had weird feeling and rumors to not great earnings.
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Crazy movement! Up to $33 and down to $26.50 all today.
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I don't know if I've mentioned this stock before, but even before the pandemic stuff I had a stock that was doing really well for me called SLP. It's a tiny company that develops software to do simulations of drug absorption and other molecular stuff. It's growing, profitable, and even pays a small dividend. For some reason it made a huge jump today, though I don't see any news. I'm not proposing it as a speculative thing, but I've had it a couple of years or more and it seems like a good long term hold if you're okay with microcaps.
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It closed up over $1 higher than you sold and the chart pattern looks as if a short term head\shoulders bottom was just put in during this recent sideways move. It wasn't a bad selling point but it could be setting up for a breakout to the up side.

Actually the more I look at the chart the more bullish I get on COST. Has a nice up trend line
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What time frame is your chart? 3 month?

Currently showing $304 aftermarket.
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I own a bunch of VMW, up 10% after-hours (post-ER). Good Q1 report, especially amidst COVID. Hopefully, it continues to run - this stock has been depressed for quite a while now, which hasn't made any sense to me. Should be a $200 stock.
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I cropped it bit I believe it was a daily year chart. Are they getting killed that bad in the after market? Yeah they are down almost $6. Still good and probably good buying opportunity. I admit I am not up on what their news cycle is but it looks like they released earnings today so you did good selling or buying puts.

I hate earnings announcements especially before or after the close. It's rigged bullshit.

Looks like they came in about .06 under estimates.
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BRB

Buying back in tomorrow on dip.
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Thought I'd share my productive day today.

So I bought a property 5 years ago for $118,000. Bank financed 80%. seller financed 20%.

I rented the property out on a Lease/option 5 year contract. This means at the end of 5 years the tenant has the option to buy the property on the agreed price which was $148,000.

During this 5 years the tenant is responsible for all maintenance and repairs so basically all I had to do was acquire the property ,clean it up and rent it out. I spent less than $1000 initially on a few things to get it ready.

Over the contract I gave the tenant $300/month credit toward the purchase price. They executed the contract a few months early so the credit ended up being $16,800. They had not so good credit initially but used the 5 years to get it cleaned up. Around 700 score now.

So for some stupid reason the bank demanded a 20% down payment from them which was bullshit and left them short.

Anyway to make a long story a little shorter, I financed $12,300 of their down payment as a second mortgage at 7% interest over 5 years with an annual payment of $3121 due every May 28th. I got a check for $43,000 and some change and never put a dime into the property other than the initial cleanup. Less than $1k.

Real Estate has always been good to me. I really need to just pull my money from any stocks and just put it all there.

I have a property I bought 12 years ago for $40K as a bank repo also. I did the 5 year with another family for the price of $84k. They remodeled the house, installed new CH&A ,roof , got divorced and left the property.

I went in and replaced the windows, garage doors and painted .Did a new 2 year contract due to execute for 120K next May . That property is already paid off so capital gains are my only worry then.

Fuck stocks!
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Ive always been intrigued by this strategy but havent the balls yet to pull the trigger on this type of deal. Seems like a win win scenario though. I do have a good deal of money in real estate but it is a bit hands off very similar to a REIT type of deal with RK Properties and have done very well. I have always wanted to go next level and do what you have done though. Congrats to your success.
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The tenant was thrilled to close on the property. It actually appraised for $169K so he has a ton of immediate equity. It's a win win and everybody walked away happy.
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You are Chiefs Planet's version of Carlton Sheets! :-)
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