I am an idiot

Quote: FleaStiff

paper profits is a deceptive term.
Being on the wrong side of a volatile short sale can be costly. GOOD LUCK

Seems to news is falling in value. I'll probably be able to cover around 15-30 minutes after the open and be fine. At this point, by the end of the day, the price will rise somewhere near the open. You don't know how bad this felt. It was like I was some romantic waiting every day to run into a woman at the same place every year, and when I went to the other place, she went where I was. When I first looked into this kind of thing, speculation was a big no-no, but I did it anyway. Was too early for the party, though I have made money on the stock, I never knew when to sell, but was good knowing where to buy. I was kind of getting an idea the LT value will be around $76-$80, but maybe a little more, maybe not. There is a gigantic bottle neck in making this drug, it takes forever for them to make it, when they don't even know what the need is, and there very well could be a supply problem for the base materials for the drug. There could not be enough of what they need no matter what happens. I still made money while I slept, so not a big deal.

Everything is a paper profit, nobody really wants to get out ever.

Quote: onenickelmiracle

Everything is a paper profit, nobody really wants to get out ever.

I'm planning on taking some out in a couple of years when I'm a little older
I'm pretty sure I'm going to buy a Single Premium Immediate Annuity
I know annuities are generally a bad deal but I believe this one is less bad than the others
if interest rates are still low I know I won't get a good deal


but I'm willing to trade that for the security of getting a payday every month for the rest of my life
all my life my investments have been moderate risk - it will be time to reduce the inherent risk
risk now seems greater than I ever imagined


this will protect me somewhat from a bad thing happening as they say:


𝐲𝐨𝐮 𝐝𝐨𝐧'𝐭 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐨𝐮𝐭𝐥𝐢𝐯𝐞 𝐲𝐨𝐮𝐫 𝐦𝐨𝐧𝐞𝐲

Gilead is up more than 10% right now on some good news. This good news for you? I have some trouble following what you wrote, did you short this?

Quote: lilredrooster

I'm planning on taking some out in a couple of years when I'm a little older
I'm pretty sure I'm going to buy a Single Premium Immediate Annuity
I know annuities are generally a bad deal but I believe this one is less bad than the others
if interest rates are still low I know I won't get a good deal


but I'm willing to trade that for the security of getting a payday every month for the rest of my life
all my life my investments have been moderate risk - it will be time to reduce the inherent risk
risk now seems greater than I ever imagined


this will protect me somewhat from a bad thing happening as they say:


𝐲𝐨𝐮 𝐝𝐨𝐧'𝐭 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐨𝐮𝐭𝐥𝐢𝐯𝐞 𝐲𝐨𝐮𝐫 𝐦𝐨𝐧𝐞𝐲

I went to an investment dinner where they pitched SPIAs. I wasn't impressed but passed the information on to my money guys and they dismissed the idea. At todays interest rates, it seems like a very bad time to buy such a product.

Quote: odiousgambit

Gilead is up more than 10% right now on some good news. This good news for you? I have some trouble following what you wrote, did you short this?

Yes I just decided to gamble on this rocky stock yesterday. It was the first time I ever shorted, got my hand in the rat trap. I covered at $82, fro $75. Ahead 21% for the year still, better than nothing. I'm right now planning on not being fully invested, and will not use margin at this point. I need to be flexible, in case we start seeing a nightmare.

There are now 23000 more Robinhood members owning GILD now, 66,277 today compared to 43,000 yesterday.

MRNA has been the stock for profits. I bought some BTG today, figured it was worth a buy down 5% and w people thinking gold won't be going up in price. It will for sure w cheap oil.

It's funny if you look at 6 flags, it's stock has literally been a roller coaster. Wouldn't have even thought of it, but for some reason it shows up when you look at wynn.

Quote: onenickelmiracle

It's funny if you look at 6 flags, it's stock has literally been a roller coaster. Wouldn't have even thought of it, but for some reason it shows up when you look at wynn.

I bought Six Flags stock about three months ago because of a nice dividend offered. I got crushedon that stock evenbefore the virus became a big deal. I sold almost everything about six weeks ago and just started buying back in. I own three stocks right now and I hope they are long term holding but they all have a lot of exposure.

I bought Ford, American Airlines, and Exxon. Hopefully in two years they will recover without having a bankruptcy.