Thread: Fire Sales

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  1. #1
    idbefishing
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    Fire Sales

    Store close out, going out of business sales today, are you guys buying?

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    #2
    Quote Originally Posted by idbefishing View Post
    Store close out, going out of business sales today, are you guys buying?
    I did add a small amount to JEPI today but the stocks on my shopping list are not at th price I want to buy them.

  3. Stocks/Investments Moderator boneil's Avatar
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    #3
    I did a little buying yesterday........................yeah.........I'm not to happy about that.
    Thanos was the hero

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    #4
    Quote Originally Posted by boneil View Post
    I did a little buying yesterday........................yeah.........I'm not to happy about that.
    Sounds like my luck

    Still holding off. I just can't bring myself to buy anything still

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    #5
    I learned my lesson a few weeks ago thinking I was buying a sale. I'm on the sidelines for a while longer myself.

  6. Stocks/Investments Moderator boneil's Avatar
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    #6
    couldn't help myself, I bought some more TSLA and META. These are what I like to call trading trades or trading shares unless they turn into investment shares
    Thanos was the hero

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    #7
    NVIDIA is getting close to a level where I can sell some puts on it. If the fed jumps .75 next week it may drop enough.

  8. idbefishing
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    #8
    Quote Originally Posted by NitroZ7 View Post
    NVIDIA is getting close to a level where I can sell some puts on it. If the fed jumps .75 next week it may drop enough.

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    #9
    I am having my broker put together a structured note that will pay 7.25% a year on a monthly basis for 3 years. The interest payments will be contingent on RTY/NDX/INDU not falling more than 40% during any month during the next 3 years based on the baseline level. The baseline will be established end of close on June 16 (which is right after the Fed's next meeting). Principal is protected unless it mature in 3 years and an index is 50% lower than they were on the baseline date. If it falls 51% by the maturity date the I lose 1% principal, if it is down 60% then I lose 10% principal. It is callable quarterly. Not putting much in (less the .5% of the account) but seemed like a reasonable bet.

  10. idbefishing
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    #10
    Wow. That sounds pretty good. How do you go about doing that? Interested in hearing more.

    you’re saying that you’ll only lose 10% of your original investment even if the market drops 60% ?
    Last edited by idbefishing; 06-10-2022 at 04:41 PM.

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    #11
    Quote Originally Posted by idbefishing View Post
    Wow. That sounds pretty good. How do you go about doing that? Interested in hearing more.
    My broker can do it with a minimum of $250,000.00. I gave him some parameters and he put the offer out there to some of the banks (i.e Morgan Stanley, Citigroup etc.). I didn't put that much in but he has other clients and gives them the parameters I gave him and if he gets enough of his clients to subscribe then they will put the note together.

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    #12
    META getting closer to $150/share.

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    #13
    NVDA is dropping. I may sell a put under 100 once it drops another 20 points.

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    #14
    Added some TROW today. 4.5% yield and just couldn't pass it up.

  15. Stocks/Investments Moderator boneil's Avatar
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    #15
    Something is brewing in the oil industry
    Thanos was the hero

  16. idbefishing
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    #16
    Quote Originally Posted by boneil View Post
    Something is brewing in the oil industry
    I’d love to know where the money is going now that they’ve rotated out of oil.

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    #17
    Quote Originally Posted by boneil View Post
    Something is brewing in the oil industry
    Is it the threats from the administration or some deal from OPEC?

  18. Stocks/Investments Moderator boneil's Avatar
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    #18
    Quote Originally Posted by NitroZ7 View Post
    Is it the threats from the administration or some deal from OPEC?

    Rumor is that the oil markets are sniffing out a resolution to the Ukraine war. Lower oil prices could be really good for the stock market.
    Thanos was the hero

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    #19
    Quote Originally Posted by boneil View Post
    Rumor is that the oil markets are sniffing out a resolution to the Ukraine war. Lower oil prices could be really good for the stock market.
    That would be great if the Russian/Ukraine war resolved itself both on an economic and humanitarian level.

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    #20
    I bought JETS, XLF, SPY and QQQ first thing this morning on the discounts. I'm red on FPFD, PFD and PFFA, but those are preferred stock ETF. Getting some of these ETF on sale is a good thing...

    I did 1/5 of my gambling money and holding the rest for future down moves, which will likely happen...
    1994 Ranger 492VS
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    6" Hydro Dynamics Manual Jack Plate
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