Author Topic: Stock picks  (Read 54490 times)

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Offline irvinehomeowner

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Re: Stock picks
« Reply #240 on: May 14, 2020, 10:56:15 AM »
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Offline momopi

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Re: Stock picks
« Reply #241 on: May 14, 2020, 04:20:10 PM »
If you subscribe to buying stock when there's blood on the streets, cruise operator, airline, REIT's, and oil companies are all bleeding.

While there is always a risk that the company might bleed to death, some companies are less risky than others because the government is likely to step in and perform CPR.  The small fry (example, small oil companies) that Uncle Sam deem we can do without, will be left to live or die on their own.

I have slightly more faith in oil ETF's because, sooner or later most of us will return to the gas pump.  Airlines is higher risk as businesses may opt for teleconference over business travel, and many people will either choose not to fly, or cannot afford to for their vacation.  BUT I don't think the government will let Delta airlines die because air travel is still essential.

Cruise operators is purely leisure and not essential.  Carnival managed to raise something like 6.25 billion dollars to keep themselves afloat with stocks, high yield bonds, and convertible bonds.  They may return to operation in Aug but who is going to let them dock if there is an infection spread on board?  On the other hand, the last shrimp boat afloat after the hurricane gets all the shrimp.

REIT's took such severe beating I would consider them as slot machines.  Play responsibly.

Offline Compressed-Village

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Re: Stock picks
« Reply #242 on: May 14, 2020, 04:42:50 PM »
If you subscribe to buying stock when there's blood on the streets, cruise operator, airline, REIT's, and oil companies are all bleeding.

While there is always a risk that the company might bleed to death, some companies are less risky than others because the government is likely to step in and perform CPR.  The small fry (example, small oil companies) that Uncle Sam deem we can do without, will be left to live or die on their own.

I have slightly more faith in oil ETF's because, sooner or later most of us will return to the gas pump.  Airlines is higher risk as businesses may opt for teleconference over business travel, and many people will either choose not to fly, or cannot afford to for their vacation.  BUT I don't think the government will let Delta airlines die because air travel is still essential.

Cruise operators is purely leisure and not essential.  Carnival managed to raise something like 6.25 billion dollars to keep themselves afloat with stocks, high yield bonds, and convertible bonds.  They may return to operation in Aug but who is going to let them dock if there is an infection spread on board?  On the other hand, the last shrimp boat afloat after the hurricane gets all the shrimp.

REIT's took such severe beating I would consider them as slot machines.  Play responsibly.

What do you think about oil tanker operators?

So it can also hedge as a storage facility. It playing out perfectly currently.

Some of these operate did great during this crisis.

Offline momopi

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Re: Stock picks
« Reply #243 on: May 14, 2020, 04:55:37 PM »
What do you think about oil tanker operators?
So it can also hedge as a storage facility. It playing out perfectly currently.
Some of these operate did great during this crisis.

I bought FSESX (MF) which invests in Oil & Gas Equipment & Services, but did not specifically seek out oil tanker stocks.  I know of ETF's that invest in shipping, but is there one specifically for oil tanker operators?

Offline Compressed-Village

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Re: Stock picks
« Reply #244 on: May 14, 2020, 05:02:41 PM »

Euronav NV EURN: NYSE EURONEXT

Small play.

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Offline momopi

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Re: Stock picks
« Reply #245 on: May 15, 2020, 12:11:33 PM »
I made a smallish bet on MITT at $2/share this week.  This REIT has been severely hammered and if you buy you are betting that it will not bleed to death.  They have suspended dividend payment to conserve cash.  You should not expect the share price to recover back to $16.

http://www.agmortgageinvestmenttrust.com/news-releases/news-release-details/ag-mortgage-investment-trust-inc-provides-company-update-1
« Last Edit: May 19, 2020, 06:56:21 AM by momopi »

Offline Dr. CA Real Estate

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Re: Stock picks
« Reply #246 on: May 15, 2020, 02:02:37 PM »
Who else got in earlier on Gilead?
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Offline momopi

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Re: Stock picks
« Reply #247 on: May 19, 2020, 06:59:48 AM »
I made a smallish bet on MITT at $2/share this week.  This REIT has been severely hammered and if you buy you are betting that it will not bleed to death.  They have suspended dividend payment to conserve cash.  You should not expect the share price to recover back to $16.

http://www.agmortgageinvestmenttrust.com/news-releases/news-release-details/ag-mortgage-investment-trust-inc-provides-company-update-1

Bought MITT @ $2.20/s last week, sold @ $2.76/s today.

Bought more IVR @ $3/s yesterday.

IVR is paying $0.50 dividend per quarter.  So on a $3 stock it's paying $2 dividend/year.  I'm using my IRA account for this one.  Today (05/19) is the last day to buy for Q2 dividend distribution.


* Update:  (Thanks to USCTrojanCPA) Dividend is paid in combination of cash and shares:

https://seekingalpha.com/pr/17867193-invesco-mortgage-capital-inc-announces-common-and-preferred-stock-dividend-payment-dates-and
« Last Edit: May 19, 2020, 10:38:24 AM by momopi »

Offline USCTrojanCPA

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Re: Stock picks
« Reply #248 on: May 19, 2020, 07:59:15 AM »
I made a smallish bet on MITT at $2/share this week.  This REIT has been severely hammered and if you buy you are betting that it will not bleed to death.  They have suspended dividend payment to conserve cash.  You should not expect the share price to recover back to $16.

http://www.agmortgageinvestmenttrust.com/news-releases/news-release-details/ag-mortgage-investment-trust-inc-provides-company-update-1

Bought MITT @ $2.20/s last week, sold @ $2.76/s today.

Bought more IVR @ $3/s yesterday.

IVR is paying $0.50 dividend per quarter.  So on a $3 stock it's paying $2 dividend/year.  I'm using my IRA account for this one.  Today (05/19) is the last day to buy for Q2 dividend distribution.


Seems like the dividend will be $0.05 per share and the other portion will be a stock dividend from what I could tell reading this...

On May 9, 2020, the Company's board of directors approved the payment of the Company's previously declared dividend for the first quarter of 2020 of $0.50 per share of common stock (the "first quarter dividend"). The first quarter dividend will be paid on June 30, 2020 in a combination of cash and shares of the Company's common stock to stockholders of record as of May 21, 2020. Given the uncertain and rapidly changing financial markets resulting from the COVID-19 pandemic, the Company's board of directors has determined that the cash component of the first quarter dividend (other than cash paid in lieu of fractional shares) will not exceed 10% in the aggregate, or $0.05 per share, with the balance payable in shares of the Company's common stock. This will allow the Company to preserve capital and enhance the Company's financial flexibility.

In accordance with the provisions of the applicable IRS Revenue Procedures, stockholders will be asked to make an election to receive the first quarter dividend all in cash or all in shares. To the extent that stockholders elect to receive more than 10% of the aggregate payment in cash, the cash portion of the payment will be prorated. Stockholders who elect to receive the dividend in cash will receive a cash payment of at least $0.05 per share. Stockholders who elect to receive the dividend in Company common stock will only receive shares of Company common stock. Additionally, stockholders who do not make an election will receive 90% of the dividend in Company common stock and 10% of the dividend payment in cash. The number of shares issued as a result of the dividend will be calculated based upon the volume weighted average trading prices of the Company's common stock on the New York Stock Exchange on June 17, June 18 and June 19, 2020. Cash will be paid in lieu of fractional shares so that stockholders receive a whole number of shares of common stock.
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Offline momopi

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Re: Stock picks
« Reply #249 on: May 27, 2020, 04:14:45 PM »
I think there's a good chance that we may see profit taking soon.  *update* I'm selling stocks and switching over to oil ETF's and MF's.

Currently holding these and will add more:
FSENX MF
FSESX MF
FENY (or VDE if you prefer Vanguard) ETF
« Last Edit: June 03, 2020, 05:21:45 PM by momopi »

Offline momopi

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Re: Stock picks
« Reply #250 on: June 02, 2020, 06:08:53 PM »
Picked up some ZM, CRWD and WORK earlier today ahead of earnings call.  Curious to see how ZM will perform tomorrow.  Will it run out of steam from Monday, or continue to climb?

Offline USCTrojanCPA

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Re: Stock picks
« Reply #251 on: June 02, 2020, 09:14:50 PM »
Picked up some ZM, CRWD and WORK earlier today ahead of earnings call.  Curious to see how ZM will perform tomorrow.  Will it run out of steam from Monday, or continue to climb?


I've been ringing the cash register by selling slightly out of the money puts on some of the airlines (AAL & SAVE).
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Offline momopi

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Re: Stock picks
« Reply #252 on: June 03, 2020, 05:22:37 PM »

Selling stocks and buying FENY.

Offline USCTrojanCPA

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Re: Stock picks
« Reply #253 on: June 03, 2020, 06:55:34 PM »
Sold $35 weekly puts on WORK today going into earnings tomorrow and sold $27 monthly puts on RDFN that expire in about 2 weeks.
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Offline momopi

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Re: Stock picks
« Reply #254 on: June 04, 2020, 09:28:04 AM »
Buying FENY and OIH.


 

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