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Off-Topic Stock Market & Crypto Discussion

Today's jobs report is as of the end of May. Larry Kudlow financial advisor at White House said jobs numbers would begin turning around with June report so don't think anyone should get too concerned with todays' report. Very optimistic this administration can get us out of the weeds as they did after Trump took office and get the economy humming again. Having said that, it's a good time to keep more funds in cash than you might have done a year ago.
 
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the storm said:
Today's jobs report is as of the end of May. Larry Kudlow financial advisor at White House said jobs numbers would begin turning around with June report so don't think anyone should get too concerned with todays' report. Very optimistic this administration can get us out of the weeds as they did after Trump took office and get the economy humming again. Having said that, it's a good time to keep more funds in cash than you might have done a year ago.
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Keep any eye out for the hyper inflation monster coming
 
Scooped 100 shares of Exxon at $38 a couple months back. I'm a big fan of Noble Midstream (NBLX) as their books look strong. Got 500 shares at $7 and was up over $11 today. Really wish I didn't wuss out on Royal Caribbean under $30 though but is what it is. Bought in super low on United and American Airlines as well.
 
jjacks93 said:
What you think about the new sports ETF ? Holds DraftKings, Penn, I believe GAN, among others
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I scooped 250 shares of RCL at $24. Also 200 shares of Delta - DAL at $26 and 125 shares of CCL - Carnival at $12.50...and 50 shares of Disney at $86.

I'm really glad I didn't listen to the message board self-appointed financial gurus.
 
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Plzwork4 said:
I scooped 250 shares of RCL at $24. Also 200 shares of Delta - DAL at $26 and 125 shares of CCL - Carnival at $12.50...and 50 shares of Disney at $86.

I'm really glad I didn't listen to the message board self-appointed financial gurus.
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Okay, I'll take the bait. I have been preaching to everyone that bankruptcy reorganization means there's a good chance shareholders will get nothing (hertz). And, cruise lines are especially at risk. That's all. Didn't want anyone to get burned w/out complete knowledge.

That said, great trades.
 
jjacks93 said:
What you think about the new sports ETF ? Holds DraftKings, Penn, I believe GAN, among others
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I'm interested in their sportsbook operations. If other states start allowing internet sports betting ( currently, only NJ, PN, NH, WV and IN) then this is a huge play. Keep an eye out for legislation in large states: NY, FL, TX, CA.
 
GladeCane said:
Okay, I'll take the bait. I have been preaching to everyone that bankruptcy reorganization means there's a good chance shareholders will get nothing (hertz). And, cruise lines are especially at risk. That's all. Didn't want anyone to get burned w/out complete knowledge.

That said, great trades.
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You certainly make sense. Hence why I only bought the amount of shares I did. I'm not the type to invest any amount that will cripple me if it vanishes. I don't believe that these companies will be going bankrupt any time soon. I chose only the most financially strong companies in the cruise lines...I believed they would survive thru the toughest moments. I also believed that the virus was overblown from the research that I did. **** if Cuomo and the NY crowd would've just put forth some common sense policies of protecting the nursing homes we wouldn't be in nearly the same situation as far as deaths across the US. I also figured the airlines would see a bailout if things got too hairy.
 
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GladeCane said:
Okay, I'll take the bait. I have been preaching to everyone that bankruptcy reorganization means there's a good chance shareholders will get nothing (hertz). And, cruise lines are especially at risk. That's all. Didn't want anyone to get burned w/out complete knowledge.

That said, great trades.
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Do you really think they are still at high risk for bankruptcy reorganization? I don't see it at this point. Cruise lines are booked way out...new data on the virus is showing very positive news.
 
Plzwork4 said:
You certainly make sense. Hence why I only bought the amount of shares I did. I'm not the type to invest any amount that will cripple me if it vanishes. I don't believe that these companies will be going bankrupt any time soon. I chose only the most financially strong companies in the cruise lines...I believed they would survive thru the toughest moments. I also believed that the virus was overblown from the research that I did. **** if Cuomo and the NY crowd would've just put forth some common sense policies of protecting the nursing homes we wouldn't be in nearly the same situation as far as deaths across the US. I also figured the airlines would see a bailout if things got too hairy.
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All good. In talking with friends and relatives I've been surprised with how many people didn't realize shareholders most probably get nothing in bankruptcy reorg. Didn't want any CISers to get burnt w/out full knowledge.
 
Plzwork4 said:
Do you really think they are still at high risk for bankruptcy reorganization? I don't see it at this point. Cruise lines are booked way out...new data on the virus is showing very positive news.
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I'm a big time cruiser and for awhile I and friends of mine are leary of hopping on a boat. Here's the issue with cruise line investing: a lot of big lines are foreign owned (US unlikely to bail out), if corona, or some other virus pops up again the insustry, countries, ports have no consistent policies on what to do with PAX. Cruise lines only make money when ships are close to full. Yes, they'll have a lot of bookings but I doubt they'll even get to 75% for a long time and unless they allow for cancellations right up to the date of sail not even that high.
 
GladeCane said:
All good. In talking with friends and relatives I've been surprised with how many people didn't realize shareholders most probably get nothing in bankruptcy reorg. Didn't want any CISers to get burnt w/out full knowledge.
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I appreciate you adding that to the discussion. I'd hate to have someone lose a ton of cash and come in here blaming.
 
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GladeCane said:
I'm a big time cruiser and for awhile I and friends of mine are leary of hopping on a boat. Here's the issue with cruise line investing: a lot of big lines are foreign owned (US unlikely to bail out), if corona, or some other virus pops up again the insustry, countries, ports have no consistent policies on what to do with PAX. Cruise lines only make money when ships are close to full. Yes, they'll have a lot of bookings but I doubt they'll even get to 75% for a long time and unless they allow for cancellations right up to the date of sail not even that high.
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I've booked my next cruise. I get what your saying...but life will move forward and people have short memories. I definitely didn't believe cruiselines would see a nice bailout either...for that very reason. It may take a year, but people will be eager to hop back onto those floating debaucheries again IMO.
 
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Plzwork4 said:
I scooped 250 shares of RCL at $24. Also 200 shares of Delta - DAL at $26 and 125 shares of CCL - Carnival at $12.50...and 50 shares of Disney at $86.

I'm really glad I didn't listen to the message board self-appointed financial gurus.
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disney 86? Wow. Great pick up.
I’m not big ON ETF’s. They do protect your downside but no way do you get a huge Quick run up.
 
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I was waiting for that Disney to drop when they closed the parks. Never happened.
 
GladeCane said:
I'm interested in their sportsbook operations. If other states start allowing internet sports betting ( currently, only NJ, PN, NH, WV and IN) then this is a huge play. Keep an eye out for legislation in large states: NY, FL, TX, CA.
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I thought that was signed into federal law already ? Do states have to still approve it at the state level ?
 
Plzwork4 said:
I scooped 250 shares of RCL at $24. Also 200 shares of Delta - DAL at $26 and 125 shares of CCL - Carnival at $12.50...and 50 shares of Disney at $86.

I'm really glad I didn't listen to the message board self-appointed financial gurus.
Click to expand...
**** yea man gotta go with your own plan . Got CCL at 14 never pulled the trigger on DAL . Best play so far for me has been getting ERI
 
Bird4um said:
disney 86? Wow. Great pick up.
I’m not big ON ETF’s. They do protect your downside but no way do you get a huge Quick run up.
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I'm far from an expert...I got pretty lucky. I did read that Disney has only used less than 5% of its land holdings. Don't hold me to it, but that kept me pretty optimistic along with Disney+ and ESPN.
 
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