OT: Stock and Investment Thread

RU05

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I took profit on half my contracts (which were getting out of control). I bought way too many this round. My plan is to let the others ride for a while. If there is a nice dip, I can rebuy what I sold. I think gold is heading past $3500 on its way to $4000 by years end, but there is normally a buyable dip after such a breakout.

Fingers crossed! :)
It had a consolidation period just prior to the breakout. Maybe that means we have more run way prior to the next one?
 
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Postman_1

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Stupid question- does physical buy/sell at same price you would see on an index?
Not stupid, I think a bit under but have never sold any tbh. Also depends on who you are selling too I’d imagine. Some local places may pay spot but larger places that you gotta send it too probably pay under spot.
I’m not sure how any of the other ways to buy/sell PM’s work tbh.
 

T2Kplus20

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It had a consolidation period just prior to the breakout. Maybe that means we have more run way prior to the next one?
Maybe. In early April it dipped back to $3000'ish before rallying again. I'm thinking/hoping for a consolidation back to the mid-to-low $3200's. Not much. I went a little too degen with my last round of buying and was getting nervous. The GLD futures on Coinbase are at 19.5x leverage. :)
 

RU05

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T2Kplus20

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I own it.

Thought it's clawed back a little, now down 16%.

I was thinking of selling when it was at $600. Which looks like a resistance level.
With the new sandbagged guidance, maybe a great time to buy?
 
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rutgersguy1_rivals

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I own it.

Though it's clawed back a little, now down 16%.

I was thinking of selling when it was at $600. Which looks like a resistance level.
In the short term, at least I’d say sell the rips, especially if there is potential for stock moving news coming up like earnings. As they say, you don’t go broke taking profits or at the very least take profits on some and hold some if you like.
 

rutgersguy1_rivals

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I agree with this. I’ll be more interested to see how the economy is faring through the summer and fall months. People will have made their big purchases this spring to avoid price spikes in al sorts of things.
Not auto but I mentioned in one of these threads during the holidays, I changed TVs and family phones in case of potential tariffs. It was going to be bought sooner or later anyway so tariff bluster or not it’s done and put out the way. So I do think there’s probably some pull forward of consumer spending of some things.
 

rutgersguy1_rivals

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Weekly outflows from NVDA by JPM retail (not institutions) tracker is highest since 2015. First week since DeepSeek they observed outflows.

Median % below 52 week highs for tech is 29%…SP is around 13-14 Josh Brown said.
 

vkj91

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Did he provide a reasoning?
Nope. Just said he was calling anyone with a good amount of cash. I actually wanted to put more in but he told me a number he thought was best. Then said he wanted me to keep same investment ratio of 65/35. Said might as well get some bonds and take the way 9%.(untaxed 4.5% return)
 

T2Kplus20

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BOOM:
Netflix posts major earnings beat as revenue grows 13% in first quarter

NFLX = consumer stable and recession proof?