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02-03-2021, 04:09 PM | #7036 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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02-03-2021, 04:13 PM | #7037 |
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Join Date: Jan 2009
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Posts: 64,208
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02-03-2021, 05:05 PM | #7038 |
2 Legit 2 Colquitt
Join Date: Sep 2010
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Posts: 4,752
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02-03-2021, 05:31 PM | #7039 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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In general the large caps are doing way better than expectations
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Posts: 6,249
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02-03-2021, 09:21 PM | #7040 |
Colorado Chief Fan
Join Date: Feb 2006
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Just a shout out to Clay, Sold my CDEV at 3.00 today made about 3 grand. Thats after selling my IDEX a while ago for about 2 grand in profit.
The dude has some solid tips. Thanks |
Posts: 5,589
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02-03-2021, 10:51 PM | #7041 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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I bought cdev at an average of .96
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Posts: 54,567
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02-03-2021, 11:19 PM | #7042 |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,497
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02-03-2021, 11:19 PM | #7043 |
Just a li'l Evel
Join Date: Sep 2005
Location: Bald. Goatee. Jorts.
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Posts: 11,924
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02-03-2021, 11:26 PM | #7044 |
MVP
Join Date: Mar 2019
Location: KC
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Good question, my financial guy advised me to stay away from gas and oil stocks with the new administration yet I see them going up so I don't understand it myself.
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Posts: 7,497
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02-03-2021, 11:30 PM | #7045 | |
In Search of a Life
Join Date: Jan 2010
Location: L.A.
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Quote:
This will result in a euphoric period where people travel (DAL), go on cruises (RCL, CCL - cruise people are like a cult), go to movies (CNK, did have AMC until I woke up last Wed. and it was 8x what I paid), and go driving all over (BP, XOM, COP). Also the Saudis and Russians are going to be trying really hard to make up losses - and I have a feeling game the price of oil up as much as possible for at least a little while. All those stocks are still below well their pre-covid highs in Feb. Once they get close to those highs I'll consider selling. Then I'm just going back to mostly index funds and forget it for a while. |
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Posts: 27,497
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02-03-2021, 11:31 PM | #7046 |
Colorado Chief Fan
Join Date: Feb 2006
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Most of them bottomed out and were great buys. The demand is coming back and really have no where to go but up.
Probably are not good buys now but if you bought last March or so, $$$ |
Posts: 5,589
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02-03-2021, 11:58 PM | #7047 | |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,497
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02-04-2021, 12:37 AM | #7048 |
NFL's #1 Ermines Fan
Join Date: Jul 2001
Location: My house
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Maybe oil and gas is good for a short play, and it probably is. But I've had several oil stocks for a few years and I'm slowly getting out. They haven't been profitable for me for more than two years and I think the writing is on the wall for that industry. It's in decline, and even the companies that pivot will take a hit during the process.
I tend to be a buy and hold guy, so others may have different strategies. But I don't see them being a good long-term hold any more. My past strategy was that they typically pay fantastic dividends so even if their growth was slow it was still a good play. But a 5 percent dividend doesn't make up for complete stagnation and decline over the past two years. |
Posts: 142,670
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02-04-2021, 12:37 AM | #7049 |
Woman should only make babies
Join Date: Nov 2003
Location: Apartment "G UNIT!"
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Posts: 54,567
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02-04-2021, 01:04 AM | #7050 | |
I'll be back.
Join Date: Nov 2002
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Quote:
There's no way I'm risking that profit with who's in the white house. 52-week high is good enough for me. If it falls under $2 it might be worth buying again. |
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Posts: 286,086
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