Originally Posted by Buehler445:
No. But the market does regularly. So you’re not alone there. And as much as I killed your dreams, at least you’re not holding a bunch of long contracts $20 crude oil and sit through a -$57 day.
So with Oklahoma sweet at -$41.00 does that mean I can buy a barrel of oil for 0 and get a check for $41 with it?
Back to the deep value restaurant thing, it looks like Darden Restaurants is getting ready to sell more shares to raise cash instead of going into more debt. They should be fine, but some quick math made it look to me like what appeared to be a possible double on the eventual rebound is most likely going to be a 30 to 40 percent gain that may take a while to play out. At least it doesn't appear that they will be diluting the shares enough to totally tank the price. I bought in cheap enough that it's not going to hurt and my position in Darden is small. But those who bought into some of these at levels before the crash are probably cringing pretty hard right now. [Reply]
Originally Posted by lewdog:
Using the terms “new” and “hobby investor“ (WTF does this mean?!), I’d say **** no!
Ive recently started throwing a few hundo at stuff here and there. Hobby- Not my career, and im not dependant on the money invested to give me a return in any way, you know like a hobby something you put money into for entertainment, or for education, of just for satisfaction of doing it. I have some riding on insego and its been a real roller coaster! [Reply]
Originally Posted by Dunerdr:
Ive recently started throwing a few hundo at stuff here and there. Hobby- Not my career, and im not dependant on the money invested to give me a return in any way, you know like a hobby something you put money into for entertainment, or for education, of just for satisfaction of doing it. I have some riding on insego and its been a real roller coaster!
No one loses money for fun. USO for example is down 40% in a week.
I'm not sure how it plays into the virus stuff, but I've got a small cap called SLP, and it's actually at an all time high. They make software that's used to do computer simulations of medicines. It's done well for me for a few years of holding it, and it's managed to completely climb out of the issues the past few months. [Reply]
Originally Posted by lewdog:
No one loses money for fun. USO for example is down 40% in a week.
Your choice though.
Surely you've been to Vegas or the multitude of "Riverboat" casinos....oh wait everybody always comes out a winner there if you listen to them. At least with stocks you can take the loss to offset your gains and or taxes as you learn, as many in this thread will have an opportunity to do!! [Reply]
