Home Forums Hunting & Shooting Hunter's Campfire Stock Market - Who wants to predict the bottom?

Sure you can make some money on O&G but why? The O&G market sucks, and there are so many solid healthy companies in other sectors to invest in. To each their own for sure. But O&G is a bad place to be.

I hear ya, Energy stocks are a small part of my portfolio at this point. I can't help but think there will be upside at the prices I'm in at.

I hate to sell anything at a loss.

A dangerous play that may pay off well is CHK. They once had their sh_t together and I made a little money off them. I got out thank god. But they are so depressed that even a little run could give a possible nice profit without a big investment. I AM NOT RECOMMENDING CHK!

Roger that... Chapter 11 isn't out of the question...


https://seekingalpha.com/article/4333692-chesapeake-energy-finally-be-headed-ch-11-bankruptcy

Yes more than likely.

OXY is up almost 22%, MRO up 12% in the first three hours of trading this morning.

This is why everyone needs to do their own homework.

I bailed today. I set an exit point of $33.50 and when it hit that I told the broker to sell. By the time he put the order in it had bumped down to $32.61. If I could have pulled the trigger myself I would have made about another $1000 on my 1102 shares of RDSb. I am pretty excited that I did net a bit over $11,000 in a week on one trade.

Edward Jones is not the place to trade stocks it cost me about $450 to buy those shares and $500 to sell. Although I was looking at Exxon originally and the broker suggested I look at shell too. I spent a week or more studying shell then waited for that down day last week and jumped in.

I need to set up an account somewhere with cheap trades that I can control. I hate making decisions based on high commissions and then waiting for someone else to put my orders in at these volatile times.

I've been playing a bit with some small money in Robinhood since yesterday. Free, almost instant traded but they don't do IRAs. Bought and sold a few already and I've got 12% more than I put in yesterday now. If anyone wants a free stock send me your cell number and I'll have Robinhood text you a link to sign up. We'll each get a free stock. I've found doing small trades there to be good learning.

I think I'm going to request most of my funds from ed Jones and get a cheaper ira started. I'll be out for about a week waiting for the check etc so maybe I'll do it in phases. I want to be ready for the next big panic sell off that I think still might happen but I'm new at this.

Bb

Fabulous profit there, BB. Good for you!
But no way in hell I'd pay those broker premiums. Good lord.

Glad I bought GE at 5.95

I know, I need to get my money out of there. My wife had an IRA there and was in a bunch of different American funds that she had already paid the 5.75% commission on so we left that money there. I had a smaller 401 from a past job that the broker talked me into rolling into another ira there. I mostly keep the small one parked in money markets.

They told me their trade fees were $50 on that size trade which I thought was high. Then when I did it I found there was an additional 1.8% commission. They don't like to mess with individual trades they like to push mutual funds with the 5.75% load/commission.

These high fees screw with your strategy. I wanted to pull the roughly $200,000 we have in American funds the day it first started to drop. Then they told us we'd have to pay 5.75% to get back into funds later so we stayed. If it was no load I would have parked them in s money market that day.

I've been warning my wife since middle of Jan we'd see a drop when the virus got here. Facing high commissions clouds my judgment. I almost didn't sell my stock today because of the commission. I might regret selling it later but today I'm just happy to make 11k. Especially since no one at my house is working now.

Bb

It is mooning at the bell.

I'm going to open a fidelity IRA unless there's something better and transfer my money from ed jones.

Bb

I'm not sure Fidelity trades like a regular brokerage with a 401k. I'm looking at TD Ameritrade for a couple of IRA owned LLC's .

They do with Brokeragelink. There are some limitations like no shorts, options, etc. ad some limits on what can be traded, but overall it is pretty good.

I think I've narrowed it down to fidelity or Schwab. Still leaning fidelity but I can't get anyone on the phone at either. They're both a bit busy these days.

Bb

TDAmeritrade IT dept. just screwed up their platform 2 weeks ago when they completely altered the buy/sell order system.

It used to be it was tucked away at the bottom, and when you clicked to bring it up, it’d cover the bottom 25% of the page, and you could still have your watchlist to watch everything, buy/ask prices current stock prices, hi/lo, vol.

Now, when you click to fill an order, it takes you to a complete separate page to fill, where you can NOT watch the current live numbers on your watch lists, so it forces you to trade in the blind. It is completely worthless.

The only way to see live, is pull up a separate browser from a site where you can watch the live pricing, and send your order when you see it is where you want it.

I can’t believe they screwed it up. I think they did it on purpose to create some type of advantage for them. Why else would you create such a useless piece of……

SO we going to keep going up or is this a temporary bubble? I'm really Regretting not buying when it was low 18s

I talked to Fidelity yesterday after about a 15-minute wait.

That is not the way it is working for me. Perhaps you have the extra special "Ex C-suite" interface.

They know......