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100xOdds
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March 15th, 2020 at 9:35:58 PM permalink
Quote: unJon

Looks like market set for a bloodbath tomorrow.

cant wait.
im 50% cash. will spend some of it increasing my international fund allocation in my portfolio at market close tomorrow.
then i dont have to think about for the rest of my life except for annual rebalance.
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
100xOdds
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March 16th, 2020 at 6:23:52 AM permalink
Quote: TigerWu

Yes, you want BJK, VanEck. Trading at $28 right now.

with all the casinos shutting down in the US, i'm going to try to short this.
but i got this warning from my brokerage:
This security is "hard-to-borrow."
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
odiousgambit
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March 16th, 2020 at 7:18:33 AM permalink
true to my word, I'm buying stocks today

if the market keeps going down, I'll still be buying
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
Suited89
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March 16th, 2020 at 7:29:24 AM permalink
In today's news alert;

1.) Palladium has lost its premium to Gold that was as high as $1000. Both are now trading within US$5 of 1470.

2.) The NYSE Average (^NYA) ripped through the "psychological" barrier of 10,000 and is currently in the low 9700's.

3.) My watchlist pick WY was halted 30 minutes, opeened at 10AM, and tanked to $17.50, right now its found a balance around $18.30

4.) Other pick of OHI has tanked -$5 to $21.50 ish

And Happy Hour (morning) is coming to a close.

Regards
Suited89
some people need to reimagine their thinking
odiousgambit
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March 16th, 2020 at 7:58:33 AM permalink
Quote: SOOPOO

can someone explain to me what 'fed funds rate of zero' means in simple English?

In simple English, if your bank can get federal funds for 0% interest, why would they pay you anything?

the 2 yr treasuries are said to track the fed fund rate closely

the longer term treasuries: you don't know, but of course the change tends to knock them lower

not an expert on this
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
TigerWu
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March 16th, 2020 at 8:43:50 AM permalink
Quote: SOOPOO



can someone explain to me what 'fed funds rate of zero' means in simple English?



The very dumbed down explanation is that it is now cheaper to borrow money, i.e. get a loan, and this in theory is supposed to encourage spending, which in turn stimulates the economy.
Face
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March 16th, 2020 at 1:08:30 PM permalink
Quote: SOOPOO


I think the smart ones are expecting Ford to go bankrupt.



Having recently bought my first Ford, I can only say that they deserve to. Twice.
The opinions of this moderator are for entertainment purposes only.
Suited89
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March 16th, 2020 at 1:14:12 PM permalink
Well if the consumer wants a loan, the Credit Card is way higher. I know some folks that bought into the miles/points/cash-back scheme that are paying 25%, and others without such scheme paying 13 to 15%. TBH I don't know what the rate is walking into bank and asking for 10G's/5 years. It should be lower than 13%, but thats a guess these days.

As for Ford, big gamble, and not investment-grade either. Their recent 'redesigns' are a 4-wheeled turd. No word on electric offerings in months. They might already have the proverbial fork stuck in them.

And the Dow Jones tanked 3000 +/- 1 point.

Regards
Suited89
some people need to reimagine their thinking
TigerWu
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March 16th, 2020 at 2:16:09 PM permalink
S&P down almost 27% YTD.

Dow down 30% YTD.

Nasdaq down 24% YTD.
SM777
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March 16th, 2020 at 3:54:15 PM permalink
Quote: TigerWu

S&P down almost 27% YTD.

Dow down 30% YTD.

Nasdaq down 24% YTD.



#Winning
Ace2
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onenickelmiracle
March 16th, 2020 at 4:12:33 PM permalink
A few numbers for perspective:

The five largest single day percentage drops for the Dow were:

10/19/1987 22.6%
Today 12.9%
10/28/1929 12.8%
10/29/1929 11.7%
4 days ago 10.0%

The worst day of the 2008 crisis is not in the top ten.

It took 16 days (trading sessions) to go from the Feb-19 market high to a bear market (down 20%). This is the fastest drop ever...even the 1929 crash took about 30 days to do that. During the 2008 crisis, it took about 180 days. I say “about” because I’m reading off a chart.

Without meaning to state the obvious, this is not a typical sell-off. It is the fastest one in history
It’s all about making that GTA
petroglyph
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March 16th, 2020 at 4:49:08 PM permalink
Quote: Face

Having recently bought my first Ford, I can only say that they deserve to. Twice.

redacted
odiousgambit
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March 17th, 2020 at 3:56:54 AM permalink
Mohamed A. El-Erian is a very respected and frequent, popular guest on CNBC . The hosts clearly hold him in high regard - this regard has recently been magnified by the on-the-money advice he's been doling out during this financial downswing.

He has basically been saying for at least a month that it was risky to "buy the dips" when the market first started acting abnormally, this dip-buying having been a popular way to deal with an ever upward moving stock market. Of course he was right about that.

He has said also that if the market dipped as low as 30% off its highs that it would be time to re-evaluate that. So that is due now and we'll have to stay tuned. If you miss the show, you can search you-tube using "CNBC el-erian"

check out this one,

the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
100xOdds
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March 17th, 2020 at 8:03:04 AM permalink
Quote: odiousgambit

Mohamed A. El-Erian is a very respected and frequent, popular guest on CNBC . The hosts clearly hold him in high regard - this regard has recently been magnified by the on-the-money advice he's been doling out during this financial downswing.

He has basically been saying for at least a month that it was risky to "buy the dips" when the market first started acting abnormally, this dip-buying having been a popular way to deal with an ever upward moving stock market. Of course he was right about that.

He has said also that if the market dipped as low as 30% off its highs that it would be time to re-evaluate that. So that is due now and we'll have to stay tuned. If you miss the show, you can search you-tube using "CNBC el-erian"

so now buy on dips? (instead of waiting for 3 up days and then dollar cost avg with 3 big buys?)

also, i bought $1000 of the Vanguard small cap value etf (VBR) when it dropped to $88 a couple of days ago. (bogleheads seem to love small cap value, at least a few years ago ago when i was last on their site.)
it's now $83.

i've set my acct to buy $1000 more when it drops 20% to $70.
i'll keep buying on 20% dips so $56 after that.
this is in an after tax acct. it's an etf, so it should be tax efficient?
Last edited by: 100xOdds on Mar 17, 2020
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
odiousgambit
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March 17th, 2020 at 10:25:00 AM permalink
Quote: 100xOdds

so now buy on dips? (instead of waiting for 3 up days and then dollar cost avg with 3 big buys?)

I like to buy on any dips now. the posted was the last word from El-Erian I think.
Quote:

i've set my acct to buy $1000 more when it drops 20% to $70.
i'll keep buying on 20% dips so $56 after that.
this is in an after tax acct. it's an etf, so it should be tax efficient?

I haven't heard ETFs are anymore tax efficient
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
odiousgambit
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March 17th, 2020 at 10:26:31 AM permalink
Quote: odiousgambit

I like to buy on any dips now. the posted was the last word from El-Erian I think.

Quote:

i've set my acct to buy $1000 more when it drops 20% to $70.
i'll keep buying on 20% dips so $56 after that.
this is in an after tax acct. it's an etf, so it should be tax efficient?

I haven't heard ETFs are anymore tax efficient

the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
100xOdds
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March 18th, 2020 at 7:04:44 AM permalink
and another 4digit swing day.
dow +/- 1000 points is the new norm now.

dow went under 20k for the 2nd time this week but didn't stay there.
this is a double bottom. usually, it means a signal to buy, at least short term.
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
100xOdds
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March 18th, 2020 at 11:20:27 AM permalink
dow dipped below 19k!
18989 :o
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
Ace2
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March 18th, 2020 at 11:23:44 AM permalink
Quote: 100xOdds

and another 4digit swing day.
dow +/- 1000 points is the new norm now.

dow went under 20k for the 2nd time this week but didn't stay there.
this is a double bottom. usually, it means a signal to buy, at least short term.

Double bottom? More like the 10th “bottom” in the past 3 weeks.

If current trend continues, market should dead cat bounce tomorrow about 1/3 of today’s loss. Then crash again the following day.
It’s all about making that GTA
onenickelmiracle
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March 18th, 2020 at 2:12:46 PM permalink
Quote: Ace2

Double bottom? More like the 10th “bottom” in the past 3 weeks.

If current trend continues, market should dead cat bounce tomorrow about 1/3 of today’s loss. Then crash again the following day.



I wonder how much new investors are responsible for the increases. When the markets first took such a giant hit, I got my account and wasn't able to use my money for 3 days. These delays on money could have something to do with the ups. It's almost like if you see a great fall or a great rise, in 3 days there will be another one or the opposite. Cannot be the whole reason, but maybe some partial explanation. New traders make a lot of mistakes, think focusing on myopic focuses, ignoring big pictures and the truths they know.
I am a robot.
billryan
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March 18th, 2020 at 2:15:30 PM permalink
Just a wild guess, but I doubt new investors represent more than one percent of the market.
The difference between fiction and reality is that fiction is supposed to make sense.
Ace2
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March 18th, 2020 at 2:35:11 PM permalink
If you look at the 2008 crash, I think you’ll see lots of similar days on the way down. Down 5%, down 7%, then up 4% and repeat. It doesn’t just go down every day until the bottom...lots of false bottoms on the way.
It’s all about making that GTA
100xOdds
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March 22nd, 2020 at 7:39:32 PM permalink
Quote: 100xOdds

so now buy on dips? (instead of waiting for 3 up days and then dollar cost avg with 3 big buys?)

Goldman Sachs Lays Out The 6 Conditions For A Market Bottom:
https://www.zerohedge.com/markets/stay-defensive-now-goldman-lays-out-6-conditions-market-bottom

1. A stabilization or flattening out of the infection rate curve in the US and Europe.
2. Visibility on the depth and duration of disruptions on the economy.
3. Sufficiently large global stimulus.
4. A mitigation of funding and liquidity stresses.
5. Deep undervaluation across major assets and position reduction.
6. No intensification of other tail risks.


um.. i think i'll just use my '3up days' sign instead...
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
SOOPOO
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March 25th, 2020 at 9:37:50 AM permalink
Now up around 35% from inception. Around 6 years. Around 5% annual rate of return. Funny thing is.... if you had told me 6 years ago I'd be up 35% I would have said 'great'! Not exactly happy with the path to have gotten here.
billryan
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March 25th, 2020 at 12:24:19 PM permalink
Quote: SOOPOO

Now up around 35% from inception. Around 6 years. Around 5% annual rate of return. Funny thing is.... if you had told me 6 years ago I'd be up 35% I would have said 'great'! Not exactly happy with the path to have gotten here.



You knew going in stocks are roller coaster. Remember that no matter how scary the coaster is, the only ones that get hurt are those who jump off mid-ride.
If you liked a company before, you'll like it more after the government gives it a few billion.
The difference between fiction and reality is that fiction is supposed to make sense.
100xOdds
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March 26th, 2020 at 7:27:19 AM permalink
Quote: 100xOdds

um.. i think i'll just use my '3up days' sign instead...

well, it looks like today is the 3rd up day in a row.
going to be buying some total stock market at close
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
billryan
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March 26th, 2020 at 9:51:09 AM permalink
I bought some ATT yesterday and if the rally last until tomorrow afternoon, I will buy more. I'm not at all convinced this is the bottom.
The difference between fiction and reality is that fiction is supposed to make sense.
SOOPOO
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March 26th, 2020 at 12:25:21 PM permalink
Quote: billryan

I bought some ATT yesterday and if the rally last until tomorrow afternoon, I will buy more. I'm not at all convinced this is the bottom.



Agree. I think when each company announces its 2nd quarter 'earnings', the true scope of this economic disaster will come into focus. My state, New York, will be a particular disaster. NY counts on tax revenue from income..... that will be way down. NY taxes my capital gains.... that will be way down. NY gets hotel tax, theater tax, subway fares.... all diminished to close to nil. The hospitals will need billions. I have been saying all along that the economic impact of this will be far worse than our leaders or the media are leading us to believe.
When someone factors in the 5-10 trillion we are adding to the deficit....
Ace2
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March 26th, 2020 at 4:58:56 PM permalink
Quote: SOOPOO

. I think when each company announces its 2nd quarter 'earnings', the true scope of this economic disaster will come into focus
.
I have been saying all along that the economic impact of this will be far worse than our leaders or the media are leading us to believe. .

I agree. You don’t have to be an economist to know that if the shutdown continues, we are going to see unprecedented unemployment, GDP contraction, bankruptcies etc. Social unrest probably isn’t that far out.

But why isn’t this priced into the market? If it was, the Dow would be well under 10,000 already. Wall Street has way more intel than we do...maybe they know something we don’t? Like they’re betting on the business restrictions ending very soon

The Fed has been intervening but a collapse can only be temporarily deferred if it’s going happen
It’s all about making that GTA
Suited89
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March 27th, 2020 at 6:21:27 AM permalink
I agree, the worst has not passed. Note to investors the recent stock market can best be described as 'window dressing', with Quad witching and 'quarterly-rebalance' in starring roles.

IMHO, the immediate gains in the past 3-5 trading days are expected to vanish in the next 3-5 trading days.

Suited89
Last edited by: Suited89 on Mar 27, 2020
some people need to reimagine their thinking
SOOPOO
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March 27th, 2020 at 6:33:16 AM permalink
Quote: Suited89

I agree, the worst has not passed. Note to investors the recent stock market can best be described as 'window dressing', with Quad witching and 'quarterly-rebalance' in starring roles.

IMHO, the immediate gains in the past 3-5 days are expected to vanish in the next 3-5 days.

Suited89



Agree. Today I’d bet Dow sheds 1000. There are some companies that will come back fine. But there are enough that this might signal the end. I think my Ford bond is now considered a junk bond.
Suited89
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March 27th, 2020 at 6:49:15 AM permalink
Ford bonds DID get down-rated yesterday afternoon AFAIK.

I've actually heard whispers that this is a consolidation of huge proportions, by huge companies that can survive vs. those that can't. I agree with that rumor, as ultimately, that is what the end is, a redesigned business/financial/economic landscape, the literal wheat and chaff.

Regards
Suited89
some people need to reimagine their thinking
SOOPOO
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April 18th, 2020 at 9:17:08 AM permalink
Update......

I retired 9/1/2019. There will be no deposits or withdrawals from the WoV stock portfolio. The value of this portfolio is essentially UNCHANGED from 9/1/2019 to 4/17/2020.

It is my best performing stock/bond portfolio. My overall value of all stuff is down around 3%.

Funny thing, if someone would have told me on September 1 there would be a slight decrease in the market by mid April I would have been totally accepting of it, and not really think much of it.

How different the way it happened was!
SOOPOO
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April 30th, 2020 at 10:04:20 AM permalink
Quote: SOOPOO

WoV portfolio up 52% from inception. I don't pay attention specifically, but likely lags 'the market' due to me buying bonds over the last 2-3 years. I buy individual bonds, not funds, so I get a locked in return assuming I keep them to maturity.



Dug back and found this post. Up 56% from inception now, so up around 3% since August 13. How is it possible the market is up today when compared to August 13? As I ponder this all...... Had I been in a cave since August 13, and came out to have my portfolio up a few percent I wouldn't even give it any thought....

Wife has been advising me recently.... Bought GLD.... up 10%..... SCI..... even... AMGN.... up a few percents Abott.... up 15%!
Bought PSX from rec from B in Law... up 20%!
Bought more O..... when it dropped below 50 couldn't resist. Up 8%.....
Just bought HON and MMM today.... wife thinks N-95 mask makers are about to explode in sales....
Also bought BUG.... because son is the entomologist!

All this UP stuff does not make up for my panic sale of VOO (S &P 500 ETF) on the way down......

Also, lots of my bonds are maturing or being called, and are being replaced with ones that pay far less interest.
Gialmere
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April 30th, 2020 at 11:08:12 AM permalink
There's an interesting theory recently put forth by Data Trek Research suggesting that the reason Wall Street isn't tanking is because the country's casinos are closed.

Full Story at Yahoo! Finance
Have you tried 22 tonight? I said 22.
SOOPOO
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May 4th, 2020 at 1:39:46 PM permalink
Bought a little more Berkshire Hathaway at its bottom today. I liked what Buffet had to say. I can't disagree with his take on Airlines.
100xOdds
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May 11th, 2020 at 11:49:17 AM permalink
i want to buy SPNE (SeaSpine Holdings Corporation) for this dumb reason:

if you google Spne, the top result is the Wiki of Subgame perfect equilibrium.
What is Subgame perfect equilibrium you ask?
In game theory, a subgame perfect equilibrium is a refinement of a Nash equilibrium used in dynamic games.

it goes perfectly with this forum.
Craps is paradise (Pair of dice). Lets hear it for the SpeedCount Mathletes :)
SOOPOO
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May 11th, 2020 at 11:56:34 AM permalink
Quote: 100xOdds

i want to buy SPNE (SeaSpine Holdings Corporation) for this dumb reason:

if you google Spne, the top result is the Wiki of Subgame perfect equilibrium.
What is Subgame perfect equilibrium you ask?
In game theory, a subgame perfect equilibrium is a refinement of a Nash equilibrium used in dynamic games.

it goes perfectly with this forum.



I bought 100 of SPNE on your recommendation.
SOOPOO
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June 1st, 2020 at 3:44:00 PM permalink
Quote: SOOPOO

Now at its all time high of up 52% from inception. Disney run up put it over the top.
2 have more than tripled WWE, MA
5 have more than doubled AAPL,, FB, CSCO, COST, ILMN

And then there is NTEK.....



14 months ago...... Portfolio was up 52% from inception...... Today up 62% from inception...... Uneventful 14 months...????????
I think not!!!!!
darkoz
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June 1st, 2020 at 7:19:56 PM permalink
I recommend Cydy Cytodyn.

Their drug Leronlimab is being clinically tried for Covid-19 treatment as you know from my other thread.

Ihad purchased 1300 shares a few weeks ago.

Friday I added another 2000
For Whom the bus tolls; The bus tolls for thee
unJon
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June 1st, 2020 at 7:27:54 PM permalink
Quote: darkoz

I recommend Cydy Cytodyn.

Their drug Leronlimab is being clinically tried for Covid-19 treatment as you know from my other thread.

Ihad purchased 1300 shares a few weeks ago.

Friday I added another 2000

Company giving a comprehensive update June 2 at 12:30pm.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
SOOPOO
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June 2nd, 2020 at 8:39:17 AM permalink
I did not buy CYDY, but did buy MRNA. It's down 10% since I bought it....... I know people involved in the Leronlimab trial and would guess it would border on insider trading if I bought some. I'm guessing whatever rumors I've heard will be public in less than an hour.
darkoz
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June 2nd, 2020 at 8:54:35 AM permalink
Quote: SOOPOO

I did not buy CYDY, but did buy MRNA. It's down 10% since I bought it....... I know people involved in the Leronlimab trial and would guess it would border on insider trading if I bought some. I'm guessing whatever rumors I've heard will be public in less than an hour.



Holy crap I do remember you saying something to that effect on the other thread.

I totally forgot.

Well, I applaud you for your integrity.
For Whom the bus tolls; The bus tolls for thee
SOOPOO
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June 2nd, 2020 at 9:36:12 AM permalink
Quote: darkoz

Holy crap I do remember you saying something to that effect on the other thread.

I totally forgot.

Well, I applaud you for your integrity.



It may be more "I don't want to go to jail" and less "integrity!" But seriously, all it was was second hand.... from the colleague who said "I heard that it is looking good". This is just from another Dr. at the hospital, not even one of the investigators.

The concept of 'insider trading' is really complicated for me. Brokers who make recommendations use 'research' that to me often sounds like insider trading.

By the way, TSLA is around $900 again. I have a deal with wifey that if it hits $1,000, she gets some ludicrously expensive purse or shoes. I'm hoping for a peak at $999.........
unJon
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June 2nd, 2020 at 11:07:55 AM permalink
Quote: darkoz

Holy crap I do remember you saying something to that effect on the other thread.

I totally forgot.

Well, I applaud you for your integrity.

Did the company give any update? Google search didn’t turn it up and stock looks flat for day.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
Paradigm
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June 2nd, 2020 at 12:01:56 PM permalink
If you have any cash, I would pick up some OKE @ $39-$40 level today. I believe they will maintain their current 9.5% dividend rate and you will also get appreciation back up to the $60 level. It is a Nat Gas play, so if you are fossil fuel averse, then it may not be a good fit.
darkoz
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June 2nd, 2020 at 12:14:02 PM permalink
Quote: unJon

Did the company give any update? Google search didn’t turn it up and stock looks flat for day.



Yes. Primarily business side since still no clinical data as that is double-blinded placebo.

As to trials, we they have passed the 50 patients enrollment for both mild/moderate sick and severe.

Mild/moderate was for 75. 58 enrolled and hard date set for unblinding wherever they are of June 15. I understand there is an independent clinical trial company (since both patients and doctors are blinded) that hold the "keys". Once they are told to unblinded, they will show who received what. They said two weeks to digest the info so by July 1st expect it in FDA hands.

For severe 51 out of 390 patients enrolled. They had a 50 members interim report so something expected from that soon.

Intuitively it would seem easier to enroll severe but that has proven harder to do.

Patients dying don't want to have a chance at getting a placebo. They are more apt to pick drugs under compassionate use(where they definitely get the drug)

There are also lots of trials to choose from

Due to the seriousness lots of paperwork required to enroll. A few people passed away after approval but before they could be started on the regimen

You get the idea

But the 15th of June is a hard date voted by the board to unblinded so looking good.

Expect short attacks to drop the price so they can get out
For Whom the bus tolls; The bus tolls for thee
Joeman
Joeman
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Joined: Feb 21, 2014
June 2nd, 2020 at 2:11:30 PM permalink
Quote: Paradigm

If you have any cash, I would pick up some OKE @ $39-$40 level today. I believe they will maintain their current 9.5% dividend rate and you will also get appreciation back up to the $60 level. It is a Nat Gas play, so if you are fossil fuel averse, then it may not be a good fit.

This could be a fit for my portfolio, but I'm a little worried about the ~150% payout ratio. Should I be?
"Dealer has 'rock'... Pay 'paper!'"
WatchMeWin
WatchMeWin
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Joined: May 20, 2011
June 2nd, 2020 at 2:31:29 PM permalink
Quote: Paradigm

If you have any cash, I would pick up some OKE @ $39-$40 level today. I believe they will maintain their current 9.5% dividend rate and you will also get appreciation back up to the $60 level. It is a Nat Gas play, so if you are fossil fuel averse, then it may not be a good fit.



This looks like a very solid play since their horrid week in early March. Too bad we just missed the ex dividend date which was 4/24. Did you have the stock then and did they pay out close to 10%?
'Winners hit n run... Losers stick around'
SOOPOO
SOOPOO
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Joined: Aug 8, 2010
June 3rd, 2020 at 5:54:27 AM permalink
Quote: Paradigm

If you have any cash, I would pick up some OKE @ $39-$40 level today. I believe they will maintain their current 9.5% dividend rate and you will also get appreciation back up to the $60 level. It is a Nat Gas play, so if you are fossil fuel averse, then it may not be a good fit.



I used to own OKE! Reason I sold is it is not like regular stocks. They treat you like a real owner, giving you an actual K-1 that you need to file with your tax return. It was a (minor) pain in the ass. Some of the dividend is return of principal, some of it is not taxable, etc.... I had 3 stocks like that and I sold them all. Not worth the effort.
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