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Stock Thread 2018

Seems to be a pattern here... each day a wild swing in the opposite direction from the previous day. Think I'm gonna start day trading. :teeth
 
AwakeNAlive said:
knowing about all of the financial and economic factors that lead to a recession
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is very important.

This economist is on record for warning of recession and predicting the 2008 crisis 6 years before it happened. Plenty of videos on Youtube with him giving his prescient warnings while mainstream "experts" disagree with him at best and mock/laugh at him at worst.

Not surprisingly, those same mainstream outlets stopped inviting him on as a guest in the last few years. Can't have him make everyone look incompetent and corrupt again, can we! Here is a speech he gave last year on "Why the Air Is About to Come Out of America's Bubble Economy".

[youtube]03Ke9rIYGsc[/youtube]
 
redruM said:
is very important.

This economist is on record for warning of recession and predicting the 2008 crisis 6 years before it happened.
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So he was only off by 6 years? Okay, if I call a recession now, and it happens six years from now, I get credit for being a great prognosticator? :laughing

Honestly, I agree with the guy in most respects, particularly the manipulation of the economy through ridiculous monetary policy.
 
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Put a limit sell on my Tesla shares at $330 a couple days ago. I'm out of individual ownership at this point, have a couple funds with heavy exposure to future looking tech stuff so if it hits big I'm still good. :thumbup
 
How do you decide to take a loss and move on or double down?

I’m in 700 shares on TGOD for avg price of $5.16. Pot stocks been tanking for 2 weeks roughly and it’s hovering at $2.40. Down more than half. If I do another 700 bug at current price I just need to get to $3.50 or so to break even but that would require putting $1600 more in.

I could sell, take the loss and put the sale amount into something else that I want.

TGOD is an ‘organic’ producer however the facilty they plan to go produce won’t be done until mid 2019 at the earliest. I feel that’s too late in the game and current cannabis companies will pass them up. Unless they get invested in, I see them hovering for a long time at current price while others that have production go up.
 
more info may be needed

if it were me and I thought other companies may have a better chance, I would look into diversifying by investing in those companies instead of doubling down on a company I'm iffy on. or perhaps take it safe and invest that dough in a mutual fund focused on pot stocks.

if I had sold other stock during the year for a profit, I may consider selling it for a loss before the end of the year to offset some capital gains.

also I'm kinda spooked with the market right now. I'm most likely not going to do any trades until closer to the end of the year. The best investment may be to put it in savings for a bit. but what do I know.
 
Dubbington said:
How do you decide to take a loss and move on or double down?

I’m in 700 shares on TGOD for avg price of $5.16. Pot stocks been tanking for 2 weeks roughly and it’s hovering at $2.40. Down more than half. If I do another 700 bug at current price I just need to get to $3.50 or so to break even but that would require putting $1600 more in.

I could sell, take the loss and put the sale amount into something else that I want.

TGOD is an ‘organic’ producer however the facilty they plan to go produce won’t be done until mid 2019 at the earliest. I feel that’s too late in the game and current cannabis companies will pass them up. Unless they get invested in, I see them hovering for a long time at current price while others that have production go up.
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If I was at 50% loss with no good news on the horizon on a gambling stock like any pot stock, I'd sell and invest in a large cap.

However, you probably invested in that as a gamble, so the answer is whatever you can bear.
 
:rofl

Nicely said. Redrum is the BARF prophet of doom and proponent of Gold.


AwakeNAlive said:
i react to that the same way as someone telling the same story, to every generation, that in everyone's lifetime, we will witness Jesus walk on earth again ...
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Bought PFE a couple days ago.
 
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by now, y'all could hear me coming a mile away with this kind of response: there must be a mutual fund you can buy on cannibis stocks for diversification :) so that you are not dependent on one single company to succeed

if you feel strongly that that industry will prosper, why not invest in it? just don't lose your pants, that's all, my :2cents
 
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I'd keep it. At this point it seems unlikely you would lose much.
 
Archimedes said:
So he was only off by 6 years? Okay, if I call a recession now, and it happens six years from now, I get credit for being a great prognosticator? :laughing
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Well, his real gem of prediction was calling the housing/mortgage meltdown, starting around 2006. That's what all those "Peter Schiff Was Right" vids & articles were about. Of course, predicting "recession" with any sort of timeframe is futile, given how absolutely rigged everything is.

No one should be relied upon for the timing of micro-economic events... but when it comes to a macro view of the Fed's policies, these manipulated casino-like markets and the artificial economy in general, there really is no one more spot on in my opinion.

Boom cycles and bust cycles. We have not had a true bust in quite some time. The dot com bubble and housing bubble were mere pre-cursors to the real bust that has been artificially delayed for decades now. After all the day's tricks and treats have been used, the powers that be typically employ war/violence as the ultimate catalyst (scapegoat) for economic collapse.

Regardless how and when it manifests, the Everything Bubble will pop. It must. US Dollar, sovereign debt, all of it. Thinking this is just run-of-the-mill doomsaying... believing times are different now, or "it could never happen here"... it's all precisely the same as fiddling while Rome burned.
 
BAck in 2007 Schiff was predicting sky high interest rates, $5000/oz gold, DOW at less than 2000.
How do you suppose anyone would feel now had they acted on those predictions from 12 years ago?
 
redruM said:
Well, his real gem of prediction was calling the housing/mortgage meltdown, starting around 2006. That's what all those "Peter Schiff Was Right" vids & articles were about. Of course, predicting "recession" with any sort of timeframe is futile, given how absolutely rigged everything is.

No one should be relied upon for the timing of micro-economic events... but when it comes to a macro view of the Fed's policies, these manipulated casino-like markets and the artificial economy in general, there really is no one more spot on in my opinion.

Boom cycles and bust cycles. We have not had a true bust in quite some time. The dot com bubble and housing bubble were mere pre-cursors to the real bust that has been artificially delayed for decades now. After all the day's tricks and treats have been used, the powers that be typically employ war/violence as the ultimate catalyst (scapegoat) for economic collapse.

Regardless how and when it manifests, the Everything Bubble will pop. It must. US Dollar, sovereign debt, all of it. Thinking this is just run-of-the-mill doomsaying... believing times are different now, or "it could never happen here"... it's all precisely the same as fiddling while Rome burned.
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Apparently you forgot 2008-09
 
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