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Title: Investing in Wall Street
Source: Dakmar
URL Source: https://finance.yahoo.com/
Published: Aug 13, 2020
Author: Dakmar
Post Date: 2020-08-13 20:47:27 by Dakmar
Keywords: None
Views: 1640
Comments: 11

I had an opportunity to buy stock at 15% discount through Employee Stock Purchase Plan, and since I had already created an E-trade account, I decided to let loose of $2000 and open an individual account. It's still just sitting there now, hasn't cleared the EFT, but I had what I thought were some damned good idea, looking for feedback.

I've been checking Yahoo Finance every day looking for Biggest Loosers. But cheap and wait for it to go up is my thinking. I know, hindsight is 20/20, but all of these fit in with my thinking

Lazydays Holdings, Inc. (LAZY) - could have bought at $9.66 on July 14, worth $15.31 today. They make RVs/Campers - people are going to get tired of lockdown and will want to travel, and Portland/Seattle/Chicago/Baltimore ain't gonna be a big draw for the foreseeable future...

Shiseido Company, Limited (SSDOF) - dropped like 22% yesterday, but still overvalued IMO. Peaked at $82.18 Oct 1, 2019, but that was part of a huge mountain, was about $25.00 in 2018 and prior. Japanese/global cosmetics firm, in business since 1882 or something like that. Once the bars/geisha houses open back up...

I wish I had bought Ford a few months ago when it was $3.63, it's back up to $9.something.

I'm looking at 5 year trends, not interested in anything that is selling for huge amounts now compared to what it was a year ago.

Any thoughts?

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#1. To: All (#0)

I really should proofread a bit more :)

looking for Biggest Losers. Buy cheap and wait for it to go up

“I am not one of those weak-spirited, sappy Americans who want to be liked by all the people around them. I don’t care if people hate my guts; I assume most of them do. The important question is whether they are in a position to do anything about it. My affections, being concentrated over a few people, are not spread all over Hell in a vile attempt to placate sulky, worthless shits.” - William S Burroughs

Dakmar  posted on  2020-08-13   20:49:47 ET  Reply   Trace   Private Reply  

My wife and daughter dabble in the stock market with pretty good success; I'll try to get you a recommendation or two.

We bought some Marathon Petroleum (MPC) after it dropped like a rock when gov crashed everything back in February. Bought some at $30 and more at $24, and it's been recovering slowly since then. They just sold their Speedway gas stations, and the financial bloviators all seem to like that move.

StraitGate  posted on  2020-08-13   21:40:05 ET  Reply   Trace   Private Reply  

Any thoughts?

I'm using ino.com and CNBC.com for my info/quotes...

Fundamentals haven't mattered much since the crash of 2008. Tesla and Amazon are good examples of that.

You might consider stocks with a good dividend yield. Try to buy in even lots (multiples of 100. Odd lots can be hard to move.).

Lazydays Holdings, Inc. (LAZY) - could have bought at $9.66 on July 14, worth $15.31 today.

Bottomed @ $1.60 4/3/20. Just saw charts showing the RV mkt in a boom. May be quite fleeting. When they go up that fast, they come down fast. No divs.

Shiseido Company, Limited (SSDOF) - dropped like 22% yesterday, but still overvalued IMO.

VERY thinly traded. You might move the market going in or out. 0.89% div yield.

Ford a few months ago when it was $3.63, it's back up to $9.something.

The long term trend looks good since late March, but I'm not sure if moving out of their car business is a good idea. Must've cancelled their dividends, usually not a good sign.

Exxon (XOM $43) looks pretty good right now at half price. Dividend yield is 8.08%. I don't think oil can stay down forever.

I probably haven't been much help, but I don't mess with the markets much anymore. I just take the dividends while I run out my time.

Esso  posted on  2020-08-14   10:19:23 ET  Reply   Trace   Private Reply  

You might look at...

Steel Dynamics STLD $31, div yield 3.23%, $1.00/sh. Off WuFlu low of $19. I bought in single digits years ago.

American Electric Power AEP $83, div yield 3.37%, $2.80/sh. Flu low $72, pre flu $105.

CNBC has better info than INO about different things.

Esso  posted on  2020-08-14   11:56:58 ET  Reply   Trace   Private Reply  

HARD WORK...

Every morning, the CEO of a large bank in Manhattan walks to the corner where a shoe shine is always located.

He sits on the couch, examines the Wall Street Journal, and the shoe shine gives his shoes a shiny, excellent look.

One morning the shoeshine asks the Executive Director: - What do you think about the situation in the stock market?

The Director asks in turn arrogantly: - Why are you so interested in that - that topic?

"I have a million dollars in your bank," the shoeshine says, "and I'm considering investing some of the money in the capital market." - What's your name? asks the Director. - John Smith H.

The Director arrives at the bank and asks the Manager of the Customer Department: - Do we have a client named John Smith H.?

- Certainly, answers the Customer Service Manager, he is a highly esteemed customer. He has a million dollars in his account.

The Director comes out, approaches the shoeshine, and says: - Mr. Smith, I ask you this coming Monday to be the guest of honor at our board meeting and tell us the story of your life. I am sure we will have something to learn from you.

At the board meeting, the Executive Director introduces him to the board members.

- We all know Mr. Smith, who makes our shoes shine in the corner; But Mr. Smith is also our esteemed customer with a million dollars in his account. I invited him to tell us the story of his life. I am sure we can learn from him.

Mr. Smith began his story: - I came to this country fifty years ago as a young immigrant from Europe with an unpronounceable name. I got off the ship without a penny. The first thing I did was change my name to Smith. I was hungry and exhausted. I started wandering around looking for a job but to no avail. Suddenly I found a coin on the sidewalk. I bought an apple. I had two options: eat the apple and quench my hunger or start a business. I sold the apple for two dollars and bought two apples with the money. I also sold them and continued in business. When I started accumulating dollars, I was able to buy a set of used brushes and shoe polish and started polishing shoes. I didn't spend a penny on entertainment or clothing, I just bought bread and some cheese to survive. I saved penny by penny and after a while, I bought a new set of shoe brushes and ointments in different shades and expanded my clientele. I lived like a monk and saved penny by penny. After a while I was able to buy an armchair so that my clients could sit comfortably while cleaning their shoes, and that brought me more clients. I did not spend a penny on the joys of life. I kept saving every penny. A few years ago, when the previous shoe shine on the corner decided to retire, I had already saved enough money to buy his shoeshine location at this great place.

Finally, three months ago, my sister, who was a whore in Chicago, passed away and left me a million dollars.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2020-08-14   13:16:35 ET  Reply   Trace   Private Reply  

Finally, three months ago, my sister, who was a whore in Chicago, passed away and left me a million dollars.

I did not see that coming.

Esso  posted on  2020-08-14   13:42:15 ET  Reply   Trace   Private Reply  

Not quite the words of wisdom I was expecting either, but whatever works.

Pity all that I have is one brother...

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2020-08-14   13:54:36 ET  Reply   Trace   Private Reply  

The morning after Trump was elected in 2016. Dow futures were supposedly down 800 points at one point. What happened was amazing...

Well, that certainly didn't age well, did it dims?

Esso  posted on  2020-08-14   14:16:41 ET  Reply   Trace   Private Reply  

Mortimer went Fred Sanford, for real.

Great movie!

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2020-08-14   14:21:39 ET  Reply   Trace   Private Reply  

Criminy, DJIA is up about 10,000 points since then, even after WuFlu.

Esso  posted on  2020-08-14   14:24:35 ET  Reply   Trace   Private Reply  

Mortimer went Fred Sanford, for real.

Great movie!

The best scene in Trading Places was when Jamie Lee Curtis rescued Dan Aykroyd after he was let out of jail. They put their heads together and worked a scam in the trading pits that put the clamps down and broke the others but good. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2020-08-14   14:58:54 ET  Reply   Trace   Private Reply  

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