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Any of you guys into investing/ trading?

mugzy

mugzy

Administrator
Staff Member
Aug 11, 2010
4,832
1,704
#37
I still like the cruise lines and airlines NCLH, CCL, JETS, UAL, AZUL. I have done well with RUTH and PLAY and continue to hold both. WFC is cheap and I'm adding oil on the dips.

COVID Impacted all of these and COVID will be eradicated soon enough. The last two quarters showed very bad earnings if any, those will be compared year over year next year and show great growth. Its just how the market works.
 
Rider

Rider

TID Board Of Directors
Aug 27, 2010
1,375
649
#38
Has anyone considered purchasing cruise line stocks like Carnival (CCL),Royal Caribbean (RCL) or Norwegian (NCLH)? I wouldn't normally do so, but COVID really beat them down, and my thought is that COVID concerns are going way down after the election no matter who wins. As this recession is not structural in nature, but rather is self-inflicted, my thought is that the rebound will be a steep "V". I know this should be the case for a lot of consumer demand, but I'm not sure what the psychology might be for getting onto a floating petri dish, LOL.
Hey, these stocks all took a solid beating over these past two weeks. Did you jump on board yet? Pun fully intended ;)
 
tommyguns2

tommyguns2

Senior Moderators
Staff Member
Dec 25, 2010
4,985
2,512
#39
Hey, these stocks all took a solid beating over these past two weeks. Did you jump on board yet? Pun fully intended ;)
Actually, I did. I purchased both CCL and RCL after the first major hit, and then bought a little more on the second downward blip. So my cost basis is quite low. I don't see either one being a quick rebound because I think it's going to take some time for the cruising public to psychologically jump back into it. But I'm typically a long term holder, and I'm buying both of these at an approximate 50% discount, so I'm thinking of holding and maybe slightly increasing my position over the next 5 years.
 
tommyguns2

tommyguns2

Senior Moderators
Staff Member
Dec 25, 2010
4,985
2,512
#40
Also bought Delta Air lines last week after they dipped again. They seem to be the soundest of the airlines, and are best positioned to take advantage of whatever rebound occurs over the next 18 months. Again, it's a long term hold, and I'll likely slowly increase my position over the next 18 months.

I bought Berkshire Hathaway (class B) after they got clobbered in the second quarter, and am also slowly increasing my position over the next 18 months. 10 shares here,10 shares there.

That's about it for me with regards to individual stocks. Other than that I typically have index funds. that way, I'm not watching the ticker....
 
danrojigga

danrojigga

Rottens Pimp
May 24, 2011
854
144
#41
You guys wanna make some money look into the defi crypto space. Do your research and you can't hold long get in as soon as you can on a project and take your profit then hold some in case the project takes off. Uniswap platform you can swap ethereum for project tokens. Ive made some serious money doing this.
 
danrojigga

danrojigga

Rottens Pimp
May 24, 2011
854
144
#42
How quickly did you start making money there...
You have to be on the ball. It can literally take hours for a 10X to happen. If I had bigger balls I probably could have retired early lol. Most of my profit goes back into bitcoin for long term and ethereum.
 
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