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04-21-2020, 05:15 AM | #4606 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
https://oilprice.com/oil-price-charts/45 |
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Posts: 40,778
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04-21-2020, 06:00 AM | #4607 |
Starter
Join Date: Apr 2010
Location: in a cave
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Back to the deep value restaurant thing, it looks like Darden Restaurants is getting ready to sell more shares to raise cash instead of going into more debt. They should be fine, but some quick math made it look to me like what appeared to be a possible double on the eventual rebound is most likely going to be a 30 to 40 percent gain that may take a while to play out. At least it doesn't appear that they will be diluting the shares enough to totally tank the price. I bought in cheap enough that it's not going to hurt and my position in Darden is small. But those who bought into some of these at levels before the crash are probably cringing pretty hard right now.
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Posts: 924
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04-21-2020, 06:12 AM | #4608 |
MVP
Join Date: Oct 2012
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so should a new hobby investor buy oil right now? err asking for a friend.
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Posts: 11,575
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04-21-2020, 06:20 AM | #4609 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,069
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04-21-2020, 06:32 AM | #4610 |
MVP
Join Date: Oct 2012
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Ive recently started throwing a few hundo at stuff here and there. Hobby- Not my career, and im not dependant on the money invested to give me a return in any way, you know like a hobby something you put money into for entertainment, or for education, of just for satisfaction of doing it. I have some riding on insego and its been a real roller coaster!
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Posts: 11,575
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04-21-2020, 06:38 AM | #4611 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
Your choice though. |
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Posts: 46,069
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04-21-2020, 07:06 AM | #4612 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
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USO trading halted this morning based on "news".
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Posts: 14,404
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04-21-2020, 07:09 AM | #4613 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Posts: 6,249
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04-21-2020, 07:23 AM | #4614 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
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RIP to everyone holding USO shares.
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Posts: 14,404
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04-21-2020, 08:30 AM | #4615 |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
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Posts: 41,177
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04-21-2020, 08:46 AM | #4616 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,069
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04-21-2020, 08:53 AM | #4617 |
I'll be back.
Join Date: Nov 2002
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Probably buy before close. Better play than chinese streaming or stupid pharma stocks for sure.
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Posts: 286,086
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04-21-2020, 09:09 AM | #4618 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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I'm not sure how it plays into the virus stuff, but I've got a small cap called SLP, and it's actually at an all time high. They make software that's used to do computer simulations of medicines. It's done well for me for a few years of holding it, and it's managed to completely climb out of the issues the past few months.
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Posts: 142,670
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04-21-2020, 11:38 AM | #4619 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
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Good article for those trying to **** around with USO.
https://www.cnbc.com/2020/04/21/reta...awakening.html |
Posts: 14,404
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04-21-2020, 03:59 PM | #4620 |
Rookie
Join Date: Aug 2006
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Surely you've been to Vegas or the multitude of "Riverboat" casinos....oh wait everybody always comes out a winner there if you listen to them. At least with stocks you can take the loss to offset your gains and or taxes as you learn, as many in this thread will have an opportunity to do!!
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