The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | | 
05-14-2020, 02:22 PM
|
#10401 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 38,010
Thanked 15,181 Times in 6,089 Posts
Failed 2,081 Times in 701 Posts
|
Bought some Norwegian cruise lines today lol..feelin Riskay...
Also been looking at American Tower a REIT that deals with telecom infrastructure
__________________
Dank memes cant melt steel beams
| 
|  | |
05-14-2020, 06:22 PM
|
#10402 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,442
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
|
That was some fucked up swing today with SPY.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic  Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | 
| | |
05-20-2020, 10:42 AM
|
#10403 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,681
Thanked 772 Times in 387 Posts
Failed 152 Times in 50 Posts
|
thoughts on boeing?
| |
| | |
05-21-2020, 04:42 PM
|
#10404 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
Posts: 18,421
Thanked 9,504 Times in 2,451 Posts
Failed 393 Times in 159 Posts
|
Gambled on Hertz today.
| |
| | |
05-22-2020, 07:03 AM
|
#10405 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,681
Thanked 772 Times in 387 Posts
Failed 152 Times in 50 Posts
|
long term hold i'm assuming?
what do you think their business in the coming years will look like with the decrease in tourism?
| |
| | |
05-22-2020, 09:26 AM
|
#10406 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
Posts: 16,196
Thanked 3,912 Times in 1,421 Posts
Failed 141 Times in 80 Posts
|
I dunno about you guys, but for travel I'm going to be more prone to renting cars now instead of getting on packed trains/buses wherever possible.
| |
| | |
05-22-2020, 11:36 AM
|
#10407 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,434
Thanked 2,906 Times in 1,170 Posts
Failed 153 Times in 76 Posts
|
i think once the world goes back to normal i'm just going to travel as normal too.. hate to say it but i don't think even a pandemic is going to change my behavior very much. i'll prob just wait it out until i really feel that things are fine though. no travelling this winter for the first time in at least 6 years, but prob wait till next winter to go on a big trip assuming the coast is clear by then.
| |
| | |
05-22-2020, 08:49 PM
|
#10408 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Jun 2014 Location: Antarctica
Posts: 179
Thanked 364 Times in 101 Posts
Failed 16 Times in 4 Posts
| | |
| | |
05-23-2020, 09:10 AM
|
#10409 | | I answer every Emotion with an emoticon
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,538
Thanked 2,441 Times in 1,029 Posts
Failed 166 Times in 73 Posts
| Quote:
Originally Posted by unit i think once the world goes back to normal i'm just going to travel as normal too.. hate to say it but i don't think even a pandemic is going to change my behavior very much. i'll prob just wait it out until i really feel that things are fine though. no travelling this winter for the first time in at least 6 years, but prob wait till next winter to go on a big trip assuming the coast is clear by then. | Look at SARS, people went back to normal and one thing is certain, Asia really embraced mask during COVID. In Western culture now, we will embrace mask / wearing of mask now for sure.
I don't see travel being normal until end of the year; I'm not going to risk my vacation if they implement a 14 days quarantine. How the heck am I going to go back to work if I am forced to stay home (or upon arrival at the destination country).
| |
| | |
05-23-2020, 11:42 PM
|
#10410 | | SiRVs up, dude
Join Date: Jan 2004 Location: Outerspace
Posts: 4,771
Thanked 345 Times in 178 Posts
Failed 31 Times in 17 Posts
| Quote:
Originally Posted by Harvey Specter Gambled on Hertz today. | Bankrupt now.. hope it wasn't a big gamble
| |
| | |
05-26-2020, 11:37 PM
|
#10411 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,814
Thanked 2,901 Times in 1,248 Posts
Failed 627 Times in 199 Posts
|
For anyone going to long in this situation, here is something I have to share.
It's something I wrote to my family members (we share a relatively small investment fund and each invest another portion on our own interest. But we always share notes as part of our group learning), I did my best to translate to English, so, bare with me for anything incoherent.
Watch out for the FOMO effect:
I believe that the last bull run, the longest ever for as long as I'm alive helped many to amass a sizeable investment fund (relative to each financial) and every single "analyst" out there have been calling for THE correction for the last 2-3years didn't help either.
Thus, we are seeing some very irrational events in the market. The big drop from record high was ok... that was the correction to the recent events. However, what happened AFTER that was NOT normal market behaviour. The market simply doesn't go from up 6% today to dropping 8% the other and up again 5% all within a span of less than a few trading sessions.
This clearly shows me that everyone, including the janitor in my building are trying to bet on the next bull run, where in fact, we have no idea whatsoever what's going to happen. That's why we see such a volatility on the slightest of news. Because even the slightest of good news attracts all these casual investors to pour their money into the market because they are afraid of losing out on the opportunity and the stock reacts little to bad news.
Thus, I think everyone should care less about the news coming out every day and focus more on fundamental valuations, future expectations as well as financials. This is the only way that I think making sense currently in the time we are in.
And remember, if the next bull run is as long and as big as the one we had last time, the difference that makes between buying in march 2009 (roughly the lowest overall) vs. December 2009 was only about 5% if you sold it in Jan 2020. However, the additional risk that you had to take between Jan 2009-Mar2009 vs. 9-12mth later was exponentially higher. The extra risk is NOT worth it at all in my opinion.
__________________
Nothing for now
| |
| | |
05-27-2020, 11:59 AM
|
#10412 | | RS.net, where our google ads make absolutely no sense!
Join Date: Jul 2004 Location: vancouver
Posts: 902
Thanked 200 Times in 44 Posts
Failed 28 Times in 9 Posts
|
Is there a stock that for the volatility of the market? I know there is VIX but it's not something you can buy.
In addition, is there a stock/ETF that shorts the DOW/S&P?
| |
| | |
05-27-2020, 12:36 PM
|
#10413 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 38,010
Thanked 15,181 Times in 6,089 Posts
Failed 2,081 Times in 701 Posts
|
Basically don’t buy bullshit companies.
Man the amount of wealth that has probably been gained in the last few months by the people with the money must be staggering. Like honestly even as an amature investor the opportunities were there. Take my stupid Norwegian Cruise lines for example
The BASIC fundamentals looked fine, good asset vs lability etc
I purchased at 11, it hit 17 today. Imagine if you had a couple mill to toss in on that ride and I’m sure opportunities like that are all over the place
__________________
Dank memes cant melt steel beams
| |
| | |
05-27-2020, 12:43 PM
|
#10414 | | I contribute to threads in the offtopic forum
Join Date: Jul 2012 Location: Vancouver
Posts: 2,915
Thanked 4,452 Times in 1,028 Posts
Failed 263 Times in 82 Posts
| Quote:
Originally Posted by xxxrsxxx Is there a stock that for the volatility of the market? I know there is VIX but it's not something you can buy.
In addition, is there a stock/ETF that shorts the DOW/S&P? | VXX,TVIX,UVXY are some that I can name off the top of my head. I went short on VXX and it BARELY paid out even with SPY reaching 3 month highs.
Anyone see the monster rally from Hertz? up more than 100%. Very tempted to short but the pumping on this one is pretty strong
| |
| | |
05-27-2020, 03:37 PM
|
#10415 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
Posts: 7,076
Thanked 1,290 Times in 597 Posts
Failed 65 Times in 37 Posts
| Quote:
Originally Posted by xxxrsxxx Is there a stock that for the volatility of the market? I know there is VIX but it's not something you can buy.
In addition, is there a stock/ETF that shorts the DOW/S&P? | SPY Puts
| |
| | |
05-30-2020, 01:37 PM
|
#10416 | | OMGWTFBBQ is a common word I say everyday
Join Date: Jan 2005 Location: Vancouver
Posts: 5,185
Thanked 1,379 Times in 578 Posts
Failed 96 Times in 53 Posts
| Quote:
Originally Posted by SpeedStars VXX,TVIX,UVXY are some that I can name off the top of my head. I went short on VXX and it BARELY paid out even with SPY reaching 3 month highs.
Anyone see the monster rally from Hertz? up more than 100%. Very tempted to short but the pumping on this one is pretty strong | This is where a trader prevail vs an investor. Look a few post back at Ramon's HTZ bet and the follow post questioning it because of bankruptcy.
Current enviornment has alot of opportunity for trader with a healthy appetite on risk
| |
| | |
06-01-2020, 09:42 AM
|
#10417 | | I *heart* Revscene.net very Muchie
Join Date: Nov 2004 Location: vancouver
Posts: 3,681
Thanked 772 Times in 387 Posts
Failed 152 Times in 50 Posts
|
ya but i think he got in around the $3 mark?
the rally speedstars is referring i guessing is the $.50 to $1.3
and ya looking back, if you had the smarts to buy in at the end of april, holy shit money could have been made like crazy
i saw something along the lines that the heirs to walmark each made like $2B in the last couple months
| |
| | |
06-02-2020, 10:32 AM
|
#10418 | | I contribute to threads in the offtopic forum
Join Date: Jul 2012 Location: Vancouver
Posts: 2,915
Thanked 4,452 Times in 1,028 Posts
Failed 263 Times in 82 Posts
|
Anyone following retail? Every single day as of May 15 has been green for Aritzia. They're at like 80% of pre Covid price now. Think it's too late to get in.
| |
| | |
06-02-2020, 10:35 AM
|
#10419 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,442
Thanked 3,336 Times in 1,465 Posts
Failed 240 Times in 64 Posts
|
Hertz wasn't me, it was Harvey.
Both Aritzia and Lululemon have been up quite a bit in the last few weeks.
__________________ Quote: | Owner of Vansterdam's 420th thanks. OH YEAUHHH. | Quote:
Originally Posted by 89blkcivic Did I tell you guys black is my favourite colour? My Ridgeline is black. My Honda Fit is black. Wish my dick was black........ LOL. | | |
| | |
06-02-2020, 10:56 AM
|
#10420 | | I contribute to threads in the offtopic forum
Join Date: Jul 2012 Location: Vancouver
Posts: 2,915
Thanked 4,452 Times in 1,028 Posts
Failed 263 Times in 82 Posts
|
The rally on Lulu has been insane. Doubled from the covid dip and up 50pts from it's previous ATHs. Saw it when it was in the low 200s in April and definitely did not expect it to surpass pre covid #s.
| |
| | |
06-03-2020, 03:23 PM
|
#10421 | | I am Hook'd on RS
Join Date: Feb 2018
Posts: 62
Thanked 23 Times in 15 Posts
Failed 14 Times in 7 Posts
|
Thoughts on casino stocks? I have a feeling they're going to do well.
| |
| | |
06-03-2020, 03:23 PM
|
#10422 | | I came, I saw, I conquered.
Join Date: Mar 2005 Location: Vancouver
Posts: 1,881
Thanked 585 Times in 176 Posts
Failed 88 Times in 33 Posts
|
Markets are so fucking rigged its digusting.
| |
| | |
06-03-2020, 03:25 PM
|
#10423 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 38,010
Thanked 15,181 Times in 6,089 Posts
Failed 2,081 Times in 701 Posts
| Quote:
Originally Posted by SpeedStars The rally on Lulu has been insane. Doubled from the covid dip and up 50pts from it's previous ATHs. Saw it when it was in the low 200s in April and definitely did not expect it to surpass pre covid #s. | 
Go! Go! Go! Go!
I’ve been hitting some home runs in the last year and a bit lol 
__________________
Dank memes cant melt steel beams
| |
| | |
06-03-2020, 03:58 PM
|
#10424 | | I contribute to threads in the offtopic forum
Join Date: Jul 2012 Location: Vancouver
Posts: 2,915
Thanked 4,452 Times in 1,028 Posts
Failed 263 Times in 82 Posts
|
I was too puss to make any plays this week. SPY back to almost all time highs and Boeing up 13% in ONE DAY!
Still waiting for the bull trap to happen  | |
| | |
06-03-2020, 05:08 PM
|
#10425 | | 2013, 2016, 2017 & 2018 NHL Fantasy RS1 Champion
Join Date: Aug 2005 Location: Vancouver
Posts: 7,076
Thanked 1,290 Times in 597 Posts
Failed 65 Times in 37 Posts
|
BBBRRRRRRRRRRRRRRRR
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 08:51 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
