Oxy has been going up the last week. I missed out as I sold my position a week or two ago for 14.00 something and now it's 25.00ish. Ive already made 20,000 on them this year so I'm not really complaining. I hope someone here invested in oil.
- Aug 4, 2000
- 31,105
- 2,719
- 126
Svnla
Lifer
- Nov 10, 2003
- 17,986
- 1,388
- 126
We were planning to travel from US to Asia (Japan,Korea,Taiwan) then to either Thailand or Philippines to meet old and new friends but the virus messed up that plan. The restriction from all those countries toward foreigners/visitors are still on so we do not know when or if we could make the trip. Stay tuned.
- Aug 4, 2000
- 31,105
- 2,719
- 126
- Aug 4, 2000
- 31,105
- 2,719
- 126
People are just down right crazy to bid a bankrupt company stock that high. Hertz has no functioning business atm. I guess they figure if airlines are flying again people will need to rent cars. Go figure.
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Red Squirrel
No Lifer
I'm sure the car rental places will be fine when this is all over, but the real question is if they'll last til then. If they actually filed for bankrupcy then yeah probably bad idea to invest. I imagine operating costs for such a business is very expensive even if all the cars are not being used. Figure insurance for each car alone must be in the hundreds if thousands per month per car. Business insurance is very expensive.
- Aug 4, 2000
- 31,105
- 2,719
- 126
Speaking of non-functioning businesses....here are other high flying stocks with that have gone up like crazy:
Corona Cruise Lines ....sold for a profit way to early at $20....now $25
Oasis Oil ....sold at a loss .50 cents ... now $2
Chesapeake Oil....never traded this one, but it hit $8....today hit $77....back down to $39 AH on reports of BR filing. Oops!
"Hurts" Rent Car.......59 cents to $6.50
REML ....exchange traded notes, once .25 cents each on redemption fears, now $5.24, made a quick buck on this one. Sold too soon.
NYMT....made money here too, sold way soon....as low as $1 on BR fears, now its $3.50....still not making money though.
Jack in the Box (JACK)....did not trade this one....hit $16 when all locations were feared to close...now $72.50 (pisses me off so bad I missed this one).
Corona Cruise Lines ....sold for a profit way to early at $20....now $25
Oasis Oil ....sold at a loss .50 cents ... now $2
Chesapeake Oil....never traded this one, but it hit $8....today hit $77....back down to $39 AH on reports of BR filing. Oops!
"Hurts" Rent Car.......59 cents to $6.50
REML ....exchange traded notes, once .25 cents each on redemption fears, now $5.24, made a quick buck on this one. Sold too soon.
NYMT....made money here too, sold way soon....as low as $1 on BR fears, now its $3.50....still not making money though.
Jack in the Box (JACK)....did not trade this one....hit $16 when all locations were feared to close...now $72.50 (pisses me off so bad I missed this one).
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I’m glad I bought in at SPY 220, but when numbers started looking super inflated I sold a SPY 6/19 300/330 call spread. Oops. I should’ve had a better plan but will likely roll for a credit.
Red Squirrel
No Lifer
Question about dividends. I always knew they were a thing, but I figured it was just like bank interest where it's like a few pennies here and there. Never paid much attention to it.
I got curious and looked at the dividends I get on my corporate shares that I get with my ESP as on the TMX site you can see those details (my ESP site does not show any of that).
If I go on the TMX website it shows the dividend payout schedule with numbers like 0.8325 etc. That is dollars per share that they give out right? So for each share I have, I get around 83 cents? And this is 4 times a year? I have roughly 300 units (rounded down), obviously that number goes up but for sake of simplicity let's just stick with that number and say I don't buy or sell.
Does this mean every quarter I get $0.8325 * 300 units in dividends? The 0.8325 changes too though but for simplicity sake lets say it does not. That comes up to $249.75! Way more than I thought. So times that by 4 and divide by 12 and that's $83.25 per month.
Does that sound right? It's way higher than I thought it was. I have it set to reinvest into more stocks, so I don't really physically see that money but it's good to know it's that high. I have around 13k on my credit line and I'm lucky if I can put $100 on it in a month so I've been contemplating on just cashing in stocks to pay it off, but the interest on it ends up costing me around $50/mo, so it makes no sense to cash in stocks to pay the credit line if I'm getting more in terms of dividends. Am I looking at this right? Of course it's still a risk as the corporate share could totally tank but I'm fairly confident it won't any time soon and it will probably go up in the next few years when they start rolling out 5G.
I got curious and looked at the dividends I get on my corporate shares that I get with my ESP as on the TMX site you can see those details (my ESP site does not show any of that).
If I go on the TMX website it shows the dividend payout schedule with numbers like 0.8325 etc. That is dollars per share that they give out right? So for each share I have, I get around 83 cents? And this is 4 times a year? I have roughly 300 units (rounded down), obviously that number goes up but for sake of simplicity let's just stick with that number and say I don't buy or sell.
Does this mean every quarter I get $0.8325 * 300 units in dividends? The 0.8325 changes too though but for simplicity sake lets say it does not. That comes up to $249.75! Way more than I thought. So times that by 4 and divide by 12 and that's $83.25 per month.
Does that sound right? It's way higher than I thought it was. I have it set to reinvest into more stocks, so I don't really physically see that money but it's good to know it's that high. I have around 13k on my credit line and I'm lucky if I can put $100 on it in a month so I've been contemplating on just cashing in stocks to pay it off, but the interest on it ends up costing me around $50/mo, so it makes no sense to cash in stocks to pay the credit line if I'm getting more in terms of dividends. Am I looking at this right? Of course it's still a risk as the corporate share could totally tank but I'm fairly confident it won't any time soon and it will probably go up in the next few years when they start rolling out 5G.
All of those numbers will move around as a stock's value goes up and down. Your dividend payout should show up on your brokerage statement whether you reinvest or not. At least I assume it would.
I've never reinvested dividends. I just let them build up until I need them.
I've never reinvested dividends. I just let them build up until I need them.
Red Squirrel
No Lifer
Yeah I see that they are not always the same, but are my dollar amounts in the ballpark? I just did not realize it was that much money. I don't really have any kind of brokerage statement as this is through a company ESP so I'm not really buying stocks myself it's all managed through the company's systems. I basically see how many units I own and how much money is in it. when I go through a broker I need to buy in groups of 100 but in the ESP it actually buys fractional stocks, as it's a percentage of my pay cheque that goes towards it. We used to be able to cash in every year but now it's every 3 years, so I kind of got used to just keeping the money there and managed to rack up around 32k (at current value) after quite a few years of not touching it.
Red Squirrel
No Lifer
Toronto Stock Exchange. https://tsx.com/
Not sure if there is a difference between TSX and TMX I see them referred to interchangeably.
Red Squirrel
No Lifer
Hmmm this stock looks interesting. I have absolutely no money right now to put into any stocks though.
TSXV: CNC
insidexploration.com
TSXV: CNC
Canada Nickel Commences Preliminary Economic Assessment for Crawford Nickel-Cobalt Sulphide Project
TORONTO, June 9, 2020 /CNW/ - Canada Nickel Company Inc. (TSXV: CNC) ("Canada Nickel" or "the Company") today announced it
insidexploration.com
Red Squirrel
No Lifer
Holy crap did not figure it would go that high so quick. Someone that knows what they're doing and has tons of cash to begin with could make bank on that stock given how volatile it is. Elon Musk just needs to tweet something controversial again and it will drop for a few days then go back up again.
Just goes to show people are more likely to look into stocks when they are working from home I guess?
lol. Absolutely nuts.
Buffet is in all honesty a moron at this point. I don't get the fascination with the guy at this point. 5-10 years ago? Sure.
He has had a lot of epic fails recently. Kraft/Heinz, airlines, etc..
Also, $900 for a round trip overseas is... well... not that cheap. To be honest, that seems higher than what I'm normally used to. I remember trips to Europe with tickets around the $500 - $800 range RT.
ThatsABigOne
Diamond Member
- Nov 8, 2010
- 4,422
- 23
- 81
Svnla
Lifer
- Nov 10, 2003
- 17,986
- 1,388
- 126
A lot of people are saying the Oracle of Omaha is losing his touch. He and his right hand guy (Charlie) are old as old old (89 and 96).
I haven't been to Europe so I can't comment about that price but $900 round trip from DFW or IAH to Japan/Korea/Taiwan) is very good. I used to pay over $1K, even up to $1.2K a ticket for a advance purchase ticket, not counting flash sale/special only if you travel on certain dates.
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ponyo
Lifer
- Feb 14, 2002
- 19,688
- 2,811
- 126
You're the moron who missed this entire rally. Buffett is already rich. His job is to preserve his wealth and that of his shareholders. The logic Buffett used to sell his airline stakes was sound. He's in for the longterm and only sell when fundamentals change. And it's changed for the airlines. Buffett is not day trading airline stocks. He can't just go in and out of positions like regular Joe who only trade couple hundred shares. Airlines are still in world of hurt. They're not going to make money with 50% of the seats filled with 70% of the planes still grounded. It needs to be 80%+ range with many of the grounded planes back online. Buffett didn't see this as being possible the next couple of years. You don't invest billions in airlines and not know the financial and operational numbers.
I admit I also missed bulk of this vicious snapback rally. But like Buffett, my job is to preserve my wealth. Sure it hurts to know I left pile of money on the table. But once you have money, it's more important to protect that money than try for YOLO gains. I've made decent money selling options and doing small stock plays during this recovery. Not much as I could've but that's always the case when you start doing what if.
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