Investing Thread

[MU82]

He was trading stocks on information not publicly released that he received confidentially.

Take the name and party out of the equation, and this is a textbook case of insider trading for anyone else.

Change the name Burr to Schiff, and the party to Democrat, and I'd be willing to bet you'd change your tune.

How about instead, we just make the rules start applying to everyone?

Yep, and not only was he (and apparently his brother-in-law) trading on information that wasn't publicly available, but he was singing an entirely different tune to the public. He was lying to the "common folk" while helping himself and his rich cronies get rich.

In other words, business as usual.

[Elonsmusk]

He was trading stocks on information not publicly released that he received confidentially.

Take the name and party out of the equation, and this is a textbook case of insider trading for anyone else.

Change the name Burr to Schiff, and the party to Democrat, and I'd be willing to bet you'd change your tune.

How about instead, we just make the rules start applying to everyone?

I don't really care about political party..and as I recall there were a couple of Dems who did the same? 

I understand the insider trading analogy, but again, C-level execs buy and sell in and out of their own companies on the regular.  One of the most common investment strategies is to follow the trading activity of insiders in a company.  This was a golden rule of the great Peter Lynch. 

As for "making himself rich," I'd argue he chose not to roll the dice in the market in a time of uncertainty.  Just think there are other things one can get triggered on that have more merit than this.

[Hards Alumni]

I don't really care about political party..and as I recall there were a couple of Dems who did the same? 

I understand the insider trading analogy, but again, C-level execs buy and sell in and out of their own companies on the regular.  One of the most common investment strategies is to follow the trading activity of insiders in a company.  This was a golden rule of the great Peter Lynch. 

As for "making himself rich," I'd argue he chose not to roll the dice in the market in a time of uncertainty.  Just think there are other things one can get triggered on that have more merit than this.

It isn't an analogy.  He participated in insider trading.

PERIOD.

[jficke13]

Not sure this needs to be politicized.  Not sure you or me or anyone else would hold their positions if they felt a high likelihood of market drop of 30%.  Of course we all knew about COVID back in December, January, February, and nothing seemingly changed, until it inevitably made its way here as it has to what, 185 countries?

So, he traded on govt briefing info...which of course seems unsettling, but should being a govt official preclude one from making an investment decision?  Officers in publicly traded companies can buy or sell shares at any time.

That aside, timing the market is a fools errand, and Burr likely has missed out on all of the bounce back since that time.  (Which by the way I think is a complete overreaction - this bounce - I anticipate market will take a big step back in July/August as Q2 earnings and unemployment effects are much more fully known.)

It's okay for there to be a guy who's done something wrong with the same letter next to his name as you might put next to yours. The sun will come up tomorrow. Trust me. It's liberating.

[Elonsmusk]

It's okay for there to be a guy who's done something wrong with the same letter next to his name as you might put next to yours. The sun will come up tomorrow. Trust me. It's liberating.

Actually I don’t get triggered very easily about politics - only the coaching of Wojo. And Derrick Wilson sent out for 32+ minutes per game leading to a massive underperformance in Buzz’s last year and a 4-14 record in Year 1 Wojo.

So. I’m quite liberated as is. Anybody who gets deep into politics as asking to be frustrated AF. 

[MU82]

Actually I don’t get triggered very easily about politics - only the coaching of Wojo. And Derrick Wilson sent out for 32+ minutes per game leading to a massive underperformance in Buzz’s last year and a 4-14 record in Year 1 Wojo.

So. I’m quite liberated as is. Anybody who gets deep into politics as asking to be frustrated AF.

And yet you pretend Richard Burr didn't do something wrong here, dismissing it as "they all do it."

[brewcity77]

It's okay for there to be a guy who's done something wrong with the same letter next to his name as you might put next to yours. The sun will come up tomorrow. Trust me. It's liberating.

It really is. It's a good lesson to learn, whether you're talking about sports or politics.

[g0lden3agle]

Ok seriously guys.  What companies have earnings you're trying to get in on during the pre earning run up?  CSCO?  HD? LOGI?

[JWags85]

Ok seriously guys.  What companies have earnings you're trying to get in on during the pre earning run up?  CSCO?  HD? LOGI?

It’s already run a lot, but DKNG. They are already position to be the gorilla in the room as more and more states adopt legal sports betting. Earnings on Friday

[MU82]

Just bought some RTX -- the merger between Raytheon and United Technologies. Times will be rough for the aerospace part of the new larger company for a little while, but the defense side of it shouldn't be affected too badly.

It's a small position. We'll see how things go.

[rocket surgeon]

carnival-they have cash and a very loyal base.  bought in at 12.     marathon petroleum corp at $30    cameco is making a move

[MU82]

carnival-they have cash and a very loyal base.  bought in at 12.     marathon petroleum corp at $30    cameco is making a move

CCL is a ballsy buy, rocket. I hope it does great for you.

[Hards Alumni]

CCL is a ballsy buy, rocket. I hope it does great for you.

^  better chance they crater out.  They're bleeding money.

[MU82]

^  better chance they crater out.  They're bleeding money.

I'm no investment adviser, and I haven't followed CCL at all, so I'll take your word for it.

But I did just see this on Seeking Alpha:

In the 3 days following Carnival Cruise's (NYSE:CCL) announcement that it will offer some cruises in August, bookings surged 600% compared to the previous 3 days, and were 200% higher than the same time period in 2019, TMZ reports, citing a rep with Cruise Planners, an American Express travel franchise.

And they just got an analyst upgrade:

Carnival (NYSE:CCL) is on watch after HSBC Bank upgrades the cruise line operator to a Buy rating from Hold. HSBC notes positive reports keep coming in on 2021 cruise line booking trends and sees Carnival landing the covenant waivers from lenders that it needs for more breathing room. HSBC assigns a price target of $15.90 to CCL.

Again, even if I were inclined to agree that CCL will experience way more short-term pain before getting some long-term relief, I still believe what I said to rocket was true - buying CCL was a ballsy move.

[Hards Alumni]

I'm no investment adviser, and I haven't followed CCL at all, so I'll take your word for it.

But I did just see this on Seeking Alpha:

In the 3 days following Carnival Cruise's (NYSE:CCL) announcement that it will offer some cruises in August, bookings surged 600% compared to the previous 3 days, and were 200% higher than the same time period in 2019, TMZ reports, citing a rep with Cruise Planners, an American Express travel franchise.

And they just got an analyst upgrade:

Carnival (NYSE:CCL) is on watch after HSBC Bank upgrades the cruise line operator to a Buy rating from Hold. HSBC notes positive reports keep coming in on 2021 cruise line booking trends and sees Carnival landing the covenant waivers from lenders that it needs for more breathing room. HSBC assigns a price target of $15.90 to CCL.

Again, even if I were inclined to agree that CCL will experience way more short-term pain before getting some long-term relief, I still believe what I said to rocket was true - buying CCL was a ballsy move.

My opinions are trash btw.   

[rocket surgeon]

CCL is a ballsy buy, rocket. I hope it does great for you.

just saw this-been practicing "social distancing" from scoop

yes it is, but at $12, with their cash on hand and 600% increase in bookings over past few days and 200% over same time span 2019, they are going to be ok.  this was a $50 stock last year.  i'll take $35-40 thank you

[Marquette Gyros]

It’s already run a lot, but DKNG. They are already position to be the gorilla in the room as more and more states adopt legal sports betting. Earnings on Friday

In the spirit of healthy discourse and getting back to investing banter - I don't get the recent runup and I don't see how their earnings are going to be anything but atrocious... aside from my degen buddy wagering on eSports, who's betting on anything right now? Tough for me to buy into.

Kicking myself for not jumping on ETSY at 40... I could make a case to buy at $80...

[JWags85]

In the spirit of healthy discourse and getting back to investing banter - I don't get the recent runup and I don't see how their earnings are going to be anything but atrocious... aside from my degen buddy wagering on eSports, who's betting on anything right now? Tough for me to buy into.

The market is forward looking. They are positioned to be the leader in mobile betting, as well as casino partnerships. They will have the market cornered for online gambling and daily fantasy sports. Everyone knows this quarter will be disappointing, but the guidance looking forward will be the opposite. Disney took a stake which opens them up to endless ESPN/sports integrations and partnerships. I believe I saw Soros took a big position today as well.

I think you underestimate the sea change of sports betting in the US and the digital component/integrations.

[rocket surgeon]

It’s already run a lot, but DKNG. They are already position to be the gorilla in the room as more and more states adopt legal sports betting. Earnings on Friday

 i think if you time this one right, you could do quite well.  hey, how is vegas doing lately??  but ya gotta know when to hold'em

[vogue65]

There is no market, there are no "investments", it is a fresh start. 

It is the mother of all paradigm shifts.

The socalled market is over rated as a forward looking crystal ball.

It is all marketing:  diversification, reallocation, dollar cost averaging, hedging, arbitrage, real estate investment trusts, tax shelters, are all marketing mumbo jumbo dales pitches.

There are only two ways to make money, work for it or do it the old fashion way, inherit it.

[JWags85]

Ok Boomer

[MU82]

Has this week started the next leg down for the market?

I read that earnings are off something like a combined 14% for all the companies that have reported this quarter, and are forecast to be down at least twice that next quarter.

After hitting bottom March 23, the market went up, up, up - actually became overvalued IMHO - based on false hopes and Fed finagling. But eventually, any surge has to be supported by actual data and fundamentals.

Mr. Market could take us on a pretty wild ride these next many months.

[jficke13]

https://www.latimes.com/politics/story/2020-05-13/fbi-serves-warrant-on-senator-stock-investigation

I was informed that both sides do it so it's not wrong. Was I misinformed?

[TSmith34, Inc.]

GE under $6 per share. Yikes.

[TSmith34, Inc.]

https://www.latimes.com/politics/story/2020-05-13/fbi-serves-warrant-on-senator-stock-investigation

I was informed that both sides do it so it's not wrong. Was I misinformed?

Must be a case of FBI overreach, like ChicosDad was going on about in one of his 20 posts from yesterday.