***Official*** 2016 Stock Market Thread

[Kazukian]

I have a couple of retirement accounts, but I'm actually not too worried about the value in that IRA to do such trading. But for me, that isn't the right decision anyway, because I'd rather the benefit of gains that I have access to at this point in my life.

Either way, it certainly is not at a price that such a purchase makes any sense for me. For my level of risk, this thing only interests me ~$10 price, and that ship has likely sailed.

I mean, unless there is some valid reason to think this will go back up to the 4 or even 5 figure price? ....I just have no knowledge of how such companies move in value like this in such unpredictable times. I tend to think some major sell-off is coming and if so, I might be willing to jump in, but I think it would be more likely to not see such gains again.

Anyway, I'd have to sell off most of my index funds to free up money to buy shares. I'm not interested in that right now.

I have no idea on the future price, it's wild ass speculation from what I can see.

 

[Kazukian]

I should stop being a weenie and do it.

Infrastructure stocks should do well, if the new admin keeps it's promises, materials, equipment, etc. Water is a simple play.

I kind of hate to give advice, best advice is to only risk what you're willing to lose.

 

[zinfamous]

Infrastructure stocks should do well, if the new admin keeps it's promises, materials, equipment, etc. Water is a simple play.

yeah, that seems to be the going assumption on this. But it also counters the assumption that we will see new trade deals, the Brexit issues, and that this Baltic Index is notoriously fickle and too often used to predict, in either direction, the way trade is trending.

Anyway, I still just assume that neither nor anyone else actually knows nothing. I'm find with not having the stones to pull the trigger. I'll just happily live in my hindsight fantasy land.

 

[RearAdmiral]

Man...lots of shipping stocks out there have gone nuts.

 

[Kazukian]

Man...lots of shipping stocks out there have gone nuts.

Just picked up 1500 shares of SHIP, DRYS halted again

 

[SketchMaster]

Looks like the nasdaq put the breaks on DRYS until they can get more information.

 

[zinfamous]

Just picked up 1500 shares of SHIP

damn it--why am I always away from my money terminals for the day when things happen? (yes--this is an intentional brake that I put on myself. )

 

[RearAdmiral]

Just picked up 1500 shares of SHIP, DRYS halted again

SHIP paused too?

 

[Kazukian]

SHIP paused too?

No, just DRYS, understandable, it's up what 1,500 %, the automated trading algorhythyms are going crazy...

 

[SketchMaster]

Welp, I'm out of cash... Can't do anything today but watch.

 

[RearAdmiral]

No, just DRYS, understandable, it's up what 1,500 %, the automated trading algorhythyms are going crazy...

Maybe it resumed?

Seanergy Maritime Holdings Corp. (SHIP) Paused due to volatility
18 minutes ago - DJNF
(END) Dow Jones Newswires

November 16, 2016 09:47 ET (14:47 GMT)

 

[Kazukian]

Maybe it resumed?

Seanergy Maritime Holdings Corp. (SHIP) Paused due to volatility
18 minutes ago - DJNF
(END) Dow Jones Newswires

November 16, 2016 09:47 ET (14:47 GMT)

You're right, I missed the SHIP halt

 

[RearAdmiral]

You're right, I missed the SHIP halt

Price?

 

[Kazukian]

Price?

They resumed, I was in at $6.41 for 1,500 shares

 

[SketchMaster]

DCIX is the next DRYS it seems.

 

[zinfamous]

Query:

of these companies that seem to be mentioned/favored heavily today, what type of fundamentals do you look at, in comparison to the others, to make a decision on which to buy: DCIX/TOPS/SHIP/ESEA.

I'm not planning to do anything stupid and life-ending, but I'm thinking going for a cheaper one and getting more shares out of same flat cash is maybe worth the gamble at tossing the blind dart in trying to pick one?

 

[FelixDeCat]

^
If you are looking at shipping, the biggest thing to consider is the Bulk Dry Index.

DRYS went bananas back in 2008 when China went on a iron/coal/steel buying spree and the Bulk Dry Index was over $100,000 per day. There were simply not enough ships in the world to satisfy China's appetite.

All the shipping companies ordered tons of ships, went deep into debt and just when all those ships were ready for delivery, China cooled, we were in The Great Recession and these things caused the BDI to crash all the way to less than $1000 per day. That is why DRYS was near bankrupt and is in default on many of its loans. Other shippers have went chapter 11 several times since the crash.

 

[zinfamous]

^
If you are looking at shipping, the biggest thing to consider is the Bulk Dry Index.

DRYS went bananas back in 2008 when China went on a iron/coal/steel buying spree and the Bulk Dry Index was over $100,000 per day. There were simply not enough ships in the world to satisfy China's appetite.

All the shipping companies ordered tons of ships, went deep into debt and just when all those ships were ready for delivery, China cooled, we were in The Great Recession and these things caused the BDI to crash all the way to less than $1000 per day. That is why DRYS was near bankrupt and is in default on many of its loans. Other shippers have went chapter 11 several times since the crash.

I suspect when DRYS resumes it may open lower. And it might not be trading again until EOM or December as the NASDAQ has to determine if there request for information has been met.

right, but what about comparing various shipping companies to other shipping companies within that group? Number of ships they command, typical routes they travel, market cap of each?

Or is it just pick the cheapest one and open up that handle of Jim Beam and wait?

 

[Kazukian]

Wow, crazy it's still suspended. SHIPS is up 12%, I'll take it.

 

[Imp]

Wow, DRYS stuck at $73, trading suspended. At my brokerage, there's this nice notice beside the ticker:

"Deficient (Issuer failed to meet continued listing requirements)"

I saw it yesterday and maybe the day before too. On one hand, it's a nice dream to be rich from playing stocks like these. On the other, this is why I don't.

 

[ponyo]

When I was young and had big balls, I played the game of musical chairs. During the dotcom era, musical chair games were pretty common although DRYS is crazy even by the dotcom standards. I remember Books-a-Million crazy run back in 1998 just for setting up a website. But your balls shrink as you get old and mine is now size of a raisin.

 

[RearAdmiral]

Wow, crazy it's still suspended. SHIPS is up 12%, I'll take it.

I bought 33 shares of SHIP. Watch out ballers.

 

[ponyo]

I bought 33 shares of SHIP. Watch out ballers.

Why?

 

[RearAdmiral]

Why?

For something to do. I put a limit order in and it eventually went through. I've had some money rotting in my robinhood account for over a year and I've done NOTHING with it. I'd like to start trading again.

 

[ponyo]

If you're going to bet, bet to make it worthwhile. Buying tiny amount of stock with beer money is not betting.