Real Estate REITs are recovering , Hi RG, Like wxyz said, the cause of that one was ability of a babysitter to get a $300K loan and banks/Lending tree/etc promoting loans that were VERY bad for the consumer's, IE variable rate loans , that they could qualify a person at 3% , the govt put an end to that. BUT it still amazes me that people walked away JUST because they were upside down, I mean if you have the money to pay the mortgage , just stay put and ride it out. I had 2 new tenants for my my properties that had just walked away from there homes, still employed , if they had just stuck it out they would have doubled the value of the home and , well depending on how much down , possibly 5x to 10x the return on investment, but some people think short term.
WELL......as usual lately.....the late day FADE. NO...I am not talking about haircuts......at least the barbershop type of haircuts. I am hanging in there.....slightly....at the moment. Hopefully I can hang on and avoid another minimally down day. Not that it maters since the losses on this sort of day are so TINY. BUT.....it is the principle or it.
WE......are currently in the MIDDLE of a speculative frenzy. Bitcoin and crypto......Reddit stocks.......meme stocks...etc, etc, etc. Not Just AMC: These Are The Meme Stocks Reddit Traders Are Pumping Again As Experts Urge 'Extreme Caution' https://www.forbes.com/sites/jonath...experts-urge-extreme-caution/?sh=3e7cb64b55fc (BOLD is my opinion OR what I consider important content) "After crashing earlier this year, a slew of so-called meme stocks skyrocketed again Wednesday as individual investors remounted an effort to pump up the prices of Wall Street's most heavily shorted companies—prompting experts to warn that the saga pinning institutional investors against Reddit traders could end badly. Key Facts Headlining the recent resurgence among so-called meme stocks, shares of AMC spiked more than 100% Wednesday and have surged a staggering 570% over the past month, as heightened options activity and increasing short interest in the stock help retail traders squeeze institutional investors betting on a decline out of their risky bets. Meanwhile, struggling brick-and-mortar retailer Bed Bath & Beyond is soaring nearly 51% Wednesday as traders on Reddit's r/WallStreetBets discussion board tout that the stock's short interest has climbed to nearly twice the level of fellow meme-stock GameStop, which led the January rally and is up about 60% in the past month. PROMOTED In similar fashion, shares of former phone-maker BlackBerry surged as much as 15% Wednesday and have skyrocketed nearly 55% in the past month as retail hype picks up now that short interest has hit a nearly four-year high. Other resurgent meme stocks embroiled in the latest frenzy include Beyond Meat and Koss Corporation, which have soared nearly 40% apiece in recent weeks. Crucial Quote "Right now, the majority of Wall Street is on standby until Friday's employment report, so meme-stock mania and cryptocurrency trading could have little resistance," Edward Moya, a senior market analyst at Oanda, wrote in a Wednesday email, pointing to "joke" token dogecoin's meteoric same-day rise as a sign of further unabated market mayhem. "The retail force behind this movement is still strong, so it is anyone’s guess how much larger this bubble can grow." Chief Critic "Although we have seen some exiting of positions throughout the year, the majority of short sellers have been happy to sit on significant paper losses in the hope that retail investors will blink first and the losses won’t be realised," Ortex analysts wrote in a Wednesday note. "This now looks like a flawed strategy." Key Background The recent meme stock rise follows a similar surge in January, when activist investors perched on Reddit's r/WallStreetBets board pumped struggling firms like GameStop and BlackBerry in a bid to hurt short-sellers. “There’s a certain vigilante mindset amongst those traders being drawn into this social-media frenzy to pump certain stocks," Nigel Green, the CEO of $12 billion advisory Devere Group, said in a Friday email, adding that "extreme caution should be exercised before joining stock frenzies of such nature." Meme stocks have been incredibly volatile this year, with most crashing in late January once institutional investors piled out of their short bets after weeks of meteoric gains. Thus far, only AMC, which has also benefitted from businesses reopening, has recouped those losses. What To Watch For It's unclear how long it may be before short interest once again wanes, but some analysts have said the market could sour again once the Federal Reserve indicates it will ease up on its accommodative policy, which has effectively facilitated high asset valuations by injecting unprecedented amounts of cash into the economy. That could happen as soon as June, when Fed officials meet again to discuss policy changes. Tangent In another sign of frenzied investing, shares of Mudrick Capital Acquisition Corporation II plunged 15% Tuesday after a slew of Reddit traders started placing bearish short bets on the stock following a Bloomberg report its namesake sponsor cashed out of its AMC stake because shares were "overvalued." " MY COMMENT Are you tempted to buy some of these stocks? Is this actually investing? I would say that the VAST majority of the people buying these stocks are trading in MICRO amounts. If there are BIG DOLLARS in any of these trades.....they are probably intentionally or unintentionally FRONT RUNNING the crowd. It is HIGHLY DOUBTFUL that most people will make any.....significant....amount of money doing these trades. The FEW people you see TOUTED in the media are the......EXTREME EXCEPTION. That is why it is a "story".......it is sensationalism. BUT......have at it.....go all in. It is your money......WHATEVER.
HERE is the DARLING of the day today.....AMC. AMC stock will 'fall hard' because the company isn't changing the world like Tesla: strategist https://finance.yahoo.com/news/amc-...he-world-like-tesla-strategist-185421153.html (BOLD is my opinion OR what I consider important content) "Most professional strategists are advising retail traders in AMC's stock to be cautious after its latest one-day insane move higher that is completely devoid of fundamental analysis. "When the music stops, this stock is going to fall hard in my opinion," said Miller Tabak strategist Matt Maley on Yahoo Finance Live. Shares of AMC exploded more than 100% in afternoon trading on Wednesday, leading the way in a renewed bid by retail investors to send meme stocks such as GameStop, popular earlier in the year, back to dizzying new valuation heights. AMC's stock price was sent into overdrive starting on Tuesday, as the company — which like other meme names has weak fundamentals for a myriad of reasons — unveiled an 8.5 million share sale. The company fetched $230.5 million in the sale to investor Mudrick Capital (which then reportedly sold the stake, saying the stock was overvalued). The movie theater chain has reportedly earmarked the money for the acquisition of closed theaters. Shares have also been boosted by a favorable box office performance during Memorial Day weekend, experts said. AMC's market cap now stands at a lofty $30 billion in spite of steep losses through the COVID-19 pandemic and an uncertain post-pandemic life. Maley added, "Some people may think it [AMC] could go to $50. But if you think that, you are betting on a Tesla-type game plan here where they [AMC] could change the world. I don't see that." Maley made those comments earlier in the day when AMC shares were trading around $36. As of Wednesday at about 2:45 p.m. ET shares were around $61. Despite the warnings from institutional pros such as Maley, the influential retail investor crowd is saying — at least for now — they don't care what experts think. AMC's stock has been by far the most mentioned on WallStreetBets over the last 24 hours (easily beating other meme stock favorite GameStop), according to social media tracking service SwaggyStocks. Positive sentiment on the stock is outpacing negative sentiment by about a 4:1 ratio. Meanwhile over on other social media tracking service HypeEquity, AMC continues to show "sustained" retail investor interest, a source on the platform told Yahoo Finance. Bed Bath & Beyond has also been swept up into meme stock mania, its stock is up about 44% Wednesday afternoon — ices stock AMC jump more than 1,400% in just five months? Making $2.3 billion on the gain." MY COMMENT The insanity of the pandemic and human behavior. Interesting to watch.....but NOT do. This is simply short term gambling being driven by the boredom and irrationality of the pandemic.....plus.....a bit of free money thrown in. This is NOT investing.....by any definition. BEWARE.
My account made a little last hour rally today....at least in terms of GAIN for the day. I was in the green and beat the SP500 by 0.22%. five positions were UP and five positions were DOWN. NVIDIA was my.......STAR.....of the day......being up by just under $21 per share. BRAVO for stock splits. There should be good coverage and headlines about the stock tomorrow with the shareholder meeting taking place and confirmation of the split by a shareholder vote.
Up .21 today. No I do not own nor do I intend on owning any meme stocks. One of two things will be the outcome of this: 1. People will get burnt and lose bigly 2. Everyone will turn into meme stocks because apparently it’s so easy to make money there at which point Wall Street will shut down. which scenario do you think is more likely lol
YEP meme stocks....the future of investing. I notice that EVEN the Asian markets are......supposedly.....waiting for the May jobs data that will come out on Friday. So EVERYONE appears to be waiting for this info now. If the data comes out nicely.....CUE....the FED squawkers. They will be out in force pushing the end to tapering and rate increase narrative. This STUFF is so predictable.
DAX, YOU CAN DO IT !!! Keep your head down, stay on track, and when someone say's you can't do it , PROVE THEM WRONG ! I can't speak for anyone else , but your words remind me of when I was younger, “Go confidently in the direction of your dreams. Live the life you’ve imagined.” ―Henry David Thoreau
ZUKO, on "O" That one is looking good today, VTR was up 2.1% DLR was up 1.05% SOLD ATT (T) today Purchased more : AMZN XSW UP .79% Had 2 losers on the whole page : VHT MDY Overall UP .13% bowing to the S&P & Nasdaq by .01 BUT LOSING TO THE WIFEY ACCT AGAIN she was up .25%
Yup.. All that PLUS they distribute a monthly 4% div. love that company. The only reason why I mentioned it is because they deal exclusively with commercial RE and they seem to be doing very well lately
My buddy was telling me today that the whole amc gig is a stimulus check in disguise I never thought I could laugh so hard
Thank you! I'm getting into my 30s soon, currently 27, and I have a set goal for when I hit 33. (5 year plan) Staying on track is the key right now
That is about it......hundreds of thousands if not millions of people.......gambling with a few hundred to a few thousand dollars on the MEME stocks. That is a shame.....on one hand. BUT....the amount of dollars that most people are gambling on these stocks......well it is just FUN MONEY. SO....why not. they would probably spend as much or more in Las Vegas or doing sports betting.....so why not have some fun gambling the markets on the CRAZY stocks.
You are right DAX....staying on track is the KEY. Many people have a plan....but....they lose the will to carry it out after a year or two and let it FADE away. You have to be DRIVEN to succeed. There has to be an INNER DRIVE and FOCUS.....along with a REFUSAL to give up. With a business like trucking.......it is a great business for leveraging the labor of others........the SKY is the limit.
Zuko, on AMC, Well if you got in around Christmas and just cashed out today...... One could look at it that way a 30x return over 6 months would have been a good call We sold a holding over on the Eastside of Seattle last February 2020 , an AMC movie theater, (that they rented from us) back to AMC. Covid hit about the same time the closing funds hit our bank account. As far as I am concerned an Angle was looking over us on that timing . But like my Dad says "Sometimes it better to be lucky, than good"
Yup that is exactly what it is. As to the numbers? I don’t have a clue. A quick glance at Wall Street bets reveals that they have over 10 million users…. That’s a pretty big number…. Again, it’s all fun and games when you’re making a few hundred/thousand dollars… but LONG TERM this could become a problem to the market
Talking about LUCK.....I happened to stumble into one of the MOST IMPORTANT stories of the CENTURY........FREE DOUGHNUTS this Friday. NOT the ONE that is being given out every day till year end....BUT TWO.....yes.....TWO DONUTS. That is a 100% GAIN over the usual ONE doughnut per day being given out. Krispy Kreme will give vaccinated people two free doughnuts this Friday https://fortune.com/2021/06/01/kris...ut-day-vaccination-vaccine-card-what-to-know/ "Never underestimate the power of a giveaway—especially when it’s covered in glaze. In just over two months, Krispy Kreme has handed out more than 1.5 million doughnuts to vaccinated Americans, the chain said Tuesday. And come this Friday, it’s doubling down. As part of National Doughnut Day, Krispy Kreme says it will give two free doughnuts to anyone who shows their vaccination card. Don’t have your card on you or haven’t been jabbed yet? You’ll still get one free doughnut to munch on. Krispy Kreme was the first company to offer a nationwide incentive to people for receiving a COVID-19 shot. The list has grown extensively since March and now includes everything from cash to Super Bowl tickets. Free doughnuts are sort of Krispy Kreme’s thing. Last year, the company says, it gave away over 30 million doughnuts to health care workers, first responders, teachers, coaches, and graduating seniors to help keep spirits up. The chain also began delivering doughnuts nationwide in 2020, an escalation of the breakfast pastry wars. McDonald’s has, in past years, begun to explore the doughnut space, and Dunkin’ (formerly Dunkin’ Donuts) continues to turns heads with its coffee brands." Krispy Kreme’s free doughnut promotion for vaccinated people will run through the end of the year." MY COMMENT DOUGHNUT inflation? Now you get two when you used to get one? Supply and demand.....is there a GLUT of doughnuts? A great short term investment? An immediate 100% return over the USUAL......one doughnut per day? When they talk about TAPERING....are they talking about your waist line? Is this a blatant attempt to draw attention away from the May jobs numbers on Friday? Who is REALLY funding this.....George Soros? YES....all of the above. AND.....you saw it here. This thread beings you the absolute most up to date and critical information.
