Stock Market

webguy said:
Same. I got in CVX in Oct along with a few other energy stocks. I've been betting on Uranium as I think the sector is way under-loved. CCJ is my fav play in that sector. Platinum is undervalued in my opinion as well.

I noticed all the "green energy" stocks/ETF's took quite the spike because of Biden being in office. Green energy makes me laugh, as the wind turbine blades are piling up. How is that green? I'm not being political, I'm just asking a question that is not getting any attention in the main stream media - https://www.bloomberg.com/news/feat...be-recycled-so-they-re-piling-up-in-landfills
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Astute observations, I think. I actually jumped in big near the bottom of the market. So doing OK at present, and making my friends (both of them) call me "MISTER Kansas Native" at least until Karma catches up to me. Which should not take long.

Have you noticed that Occidental Oil (high risk, ultra volatile, historically poorly managed IMHO) now calls itself a "carbon management company"? Good marketers, but I don't think they actually know anything I don't about going green - which is to say, nothing at all.
 
KSnative said:
Have you noticed that Occidental Oil (high risk, ultra volatile, historically poorly managed IMHO) now calls itself a "carbon management company"? Good marketers, but I don't think they actually know anything I don't about going green - which is to say, nothing at all.
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BINGO. So they call it a carbon management company? Ha! I have not followed OXY, but the talking heads at CNBC bring it up a lot. I pulled up the ticker the other day and saw it was moving. I'll look into it more being the research geek I am.
 
webguy said:
BINGO. So they call it a carbon management company? Ha! I have not followed OXY, but the talking heads at CNBC bring it up a lot. I pulled up the ticker the other day and saw it was moving. I'll look into it more being the research geek I am.
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Right now I'm right at doubling my money on the Oxy I bought earlier this year - but note that crude reserves are WAY up. Like 500%. I'm not buying right now, and would be taking some profits except that I haven't held it long enough to get capital gains treatment. Damned if you do, damned if you don't.
 
KSnative said:
Right now I'm right at doubling my money on the Oxy I bought earlier this year - but note that crude reserves are WAY up. Like 500%. I'm not buying right now, and would be taking some profits except that I haven't held it long enough to get capital gains treatment. Damned if you do, damned if you don't.
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KSnative, are you in any cryptocurrencies?
 
webguy said:
KSnative, are you in any cryptocurrencies?
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No. I'm not smart enough, or informed enough, to be in stocks - much less Bitcoin and the like. As long as we keep devaluing the dollar via dilution at record rates, there is likely decent money to be made "in that space" (as they say) but I'm more likely prey than predator there.
 
KSnative said:
No. I'm not smart enough, or informed enough, to be in stocks - much less Bitcoin and the like. As long as we keep devaluing the dollar via dilution at record rates, there is likely decent money to be made "in that space" (as they say) but I'm more likely prey than predator there.
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That makes 2 of us - I mean 21 million bitcoins can be mined. I can't wrap my brain around it. Tulip mania? I found it interesting the other day that Venezuela is adopting crypto. Especially in a country that has crazy inflation, political turmoil and hunger issues - https://www.coindesk.com/bitcoin-adoption-venezuela-research I can't say I love the crypto space, but it exists and it appears to be legit. I don't know, still on the fence. Go to Twitter a bitcoin is going 250K to 1 million per coin per John McAfee who was supposed to eat his own.... on national TV.... yeah... There is a reason for the ellipsis if you don't know what John McAfee said, it makes me chuckle.
 
webguy said:
How funny was this stock debacle?! 🤣

https://finance.yahoo.com/news/elon...any-insiders-didnt-sell-shares-184144181.html
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That is the symptom of all that is wrong in the market. It isn't a market any longer but a pure casino where "investors" aren't. They are players.

I frequent several other forums which have long threads about investing and the posts are simply hilarious, if not sad. The jokers posting about this stock or that like they have a clue about actual financials when what they are really talking about is they are watching the stock price and think they have developed an investment pattern based on fluctuations.

That's a 100% guaranteed recipe for disaster. Seen it many times. Stock goes up to X, then down to Y, then up to X+1, then down to Y and smarty pants believes he's got it and buys in. Stock goes up to X+2 and he believes he's the smartest guy in the room. Stock goes down to Y and he loads up! Going to kill it this time! Stock goes to Y -1 and he doubles down! Oh the opportunity!!

Stock goes to Z.

Reminds me exactly of the Real Estate Boom . I know four couples who thought they had it figured out. They all cashed out their 401k's, took the money and bought several condo's in FL together - SIGHT UNSEEN.

Of course they got tallywhacked and I told them they would. But they were "smart" and "knew the risks". They are all now in their 70s and early 80s and have to work. When I hear people talk about being smart in mania's I substitute the word greedy. And greed kills.
 
AtTheMurph said:
That is the symptom of all that is wrong in the market. It isn't a market any longer but a pure casino where "investors" aren't. They are players.

I frequent several other forums which have long threads about investing and the posts are simply hilarious, if not sad. The jokers posting about this stock or that like they have a clue about actual financials when what they are really talking about is they are watching the stock price and think they have developed an investment pattern based on fluctuations.

That's a 100% guaranteed recipe for disaster. Seen it many times. Stock goes up to X, then down to Y, then up to X+1, then down to Y and smarty pants believes he's got it and buys in. Stock goes up to X+2 and he believes he's the smartest guy in the room. Stock goes down to Y and he loads up! Going to kill it this time! Stock goes to Y -1 and he doubles down! Oh the opportunity!!

Stock goes to Z.

Reminds me exactly of the Real Estate Boom . I know four couples who thought they had it figured out. They all cashed out their 401k's, took the money and bought several condo's in FL together - SIGHT UNSEEN.

Of course they got tallywhacked and I told them they would. But they were "smart" and "knew the risks". They are all now in their 70s and early 80s and have to work. When I hear people talk about being smart in mania's I substitute the word greedy. And greed kills.
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I couldn't agree more. It it a giant casino and speculators everywhere. Look at bitcoin mania. I mean, it was meant for a currency and a medium of exchange - https://marker.medium.com/the-bitcoin-dream-is-dead-8b621d2d7dbd

A lot of cheap money flowing around the globe. Saddle up, grab a bag of popcorn, maybe a cold one and the 3D glasses!
 
webguy said:
I couldn't agree more. It it a giant casino and speculators everywhere. Look at bitcoin mania. I mean, it was meant for a currency and a medium of exchange - https://marker.medium.com/the-bitcoin-dream-is-dead-8b621d2d7dbd

A lot of cheap money flowing around the globe. Saddle up, grab a bag of popcorn, maybe a cold one and the 3D glasses!
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Heard where some character forgot his password and now is only a try or two from permanently losing access to millions he had in bitcoin. And he's apparently not the only one. Not Christian to appreciate other's losses but it really is hard not to snicker at these trend setters, given that most of them seem fairly that they are a lot smarter than us peasants.
 
KSnative said:
Heard where some character forgot his password and now is only a try or two from permanently losing access to millions he had in bitcoin. And he's apparently not the only one. Not Christian to appreciate other's losses but it really is hard not to snicker at these trend setters, given that most of them seem fairly that they are a lot smarter than us peasants.
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I read that too. It's IronKey - https://www.dailymail.co.uk/news/ar...s-left-access-220m-Bitcoin-locks-FOREVER.html Maybe he needs to hire a hypnotist or something!
 
Or the guy who claims he trashed the wrong hard drive with 7500 bitcoins on it. That's about $300,000,000 at a recent price.

He petitioned the local government to allow him to excavate a certain part of the town dump to look for it and promised the town 25% of the value. He also would pay for the excavating. Had a hedge fund ready to pay for it for their piece of the action.

It can happen with valuable of all kinds. I know my wife's family trashed some valuable antiques after M.I.L died. They didn't know.

Bitcoin is a currency, but not a very useful one. Go try and spend some somewhere. Not easy. It isn't a store of value. It could be a unit of account. I just think it's entire value is based on scarcity. It is nothing else but scarce. But lots of things are scarce, take gold for example. It is scarce, durable, tangible, retains value over thousands of years and you can actually buy things with it.

I bought a fine bird dog for one ounce of gold 10 years ago. Good deal for both me and the breeder.
 
KSnative said:
Today it's silver. Someone call the Hunt brothers.
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The quoted spot price on silver is way off the price you can actually buy it at. Spot is @$25/oz. You cannot buy a silver eagle anywhere I looked for less than $38/oz. Other variants are all still over $31/oz. Even that is a 25% spread.

If people are actually paying over $30/oz then what is the actual price for silver, if you can find it?
 
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