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Stocks

Mad Mike

Well-known member
Since just about everything is underwater... Sell, trigger the tax loss, then buy it back
 

Scuba Steve

Well-known member
Site Supporter
Since just about everything is underwater... Sell, trigger the tax loss, then buy it back
That's actually brilliant I am going to do that Monday the hardest part will be buying again.

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Brian P

Well-known member
Moderator
Site Supporter
Yup. Different company in same sector, or as part of an ETF in the same sector, no problem, but not the same one.
 

GreyGhost

Well-known member
Site Supporter
Probably going to dump Cedar Fair tomorrow (NYSE:FUN). It's up 5% over the last six weeks and I still believe it has good underlying value, but revenue for this summer will be brutal. Decent chance wonderland may not open and I have not idea what will happen in the US. My money is on a hard bounce and lockdown throughout the summer. They will have to suspend dividend with no revenue. That should leave it cheap until next spring and other stocks will be better in the short term.
 

Scuba Steve

Well-known member
Site Supporter
I turned 100k into 20k with some great picks (HOU collapsing and moving down when oil was rising it should have doubled but instead went to 1/4 did a lot of the work for me) put the remaining 20 into PWM at 29c lets see what happens.
 

GreyGhost

Well-known member
Site Supporter
I turned 100k into 20k with some great picks (HOU collapsing and moving down when oil was rising it should have doubled but instead went to 1/4 did a lot of the work for me) put the remaining 20 into PWM at 29c lets see what happens.
Ouch. I rarely play with those type of investments. I'm smart enough to know I'm not smart enough to win over time with them. I'm more a buffet investor where I need to know what the company does and why we need their product/service. Then I buy and hold for a long time. I probably haven't sold anything in a decade, there are two red lines RY (bought because everybody said Canadian banks were important in a portfolio) and C (although dividends on C means it is still up).
 

Gary

Well-known member
Site Supporter
HOU. Same ****. Bought it the other day when oil was $1.50, on the way lower. Ever since, it trades worse than HOD. Then I see a r/s at 1:20, tomorrow, I think.....grrrr
 

Scuba Steve

Well-known member
Site Supporter
HOU. Same ****. Bought it the other day when oil was $1.50, on the way lower. Ever since, it trades worse than HOD. Then I see a r/s at 1:20, tomorrow, I think.....grrrr
Was a major burn bought at 2.50 sold at 1.30 should have been over 5 when I sold. What is the r/s?

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Gary

Well-known member
Site Supporter
Was a major burn bought at 2.50 sold at 1.30 should have been over 5 when I sold. What is the r/s?

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You did good! $2.70, didn't sell.

Found this:

Share Consolidation

After the close of trading on Tuesday, April 28, 2020, on the Toronto Stock Exchange (the "TSX"), the shares of the ETF will be consolidated on the basis of the ratio (the "Consolidation Ratio") set out below, and will begin trading on a post-consolidated basis on Wednesday, April 29, 2020, the effective date of the consolidation:

ETFTickerConsolidation
Ratio
BetaPro Crude Oil 2x Daily Bull ETFHOU1:20
 

Scuba Steve

Well-known member
Site Supporter
You did good! $2.70, didn't sell.

Found this:

Share Consolidation

After the close of trading on Tuesday, April 28, 2020, on the Toronto Stock Exchange (the "TSX"), the shares of the ETF will be consolidated on the basis of the ratio (the "Consolidation Ratio") set out below, and will begin trading on a post-consolidated basis on Wednesday, April 29, 2020, the effective date of the consolidation:

ETFTickerConsolidation
Ratio
BetaPro Crude Oil 2x Daily Bull ETFHOU1:20
When they changed to 1:1 I held on a bit longer thinking it would come back but saw it moving opposite oil got spooked and bailed should have bailed sooner.

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backmarkerducati

Well-known member
Site Supporter
I have been shorting, the market is just spiting me--that is what is happening.

At the moment it is just a game of chicken between myself and the markets, lets see who blinks first!
 

J_F

gringo diablo
Site Supporter
gold mining stocks, yes
if bullion stays that high many junior miners will grow exponentially

I've been thinking of taking a flyer on this one: TSX-V: BNCH
wouldn't risk anything you can't afford to lose though
 

GreyGhost

Well-known member
Site Supporter
wouldn't risk anything you can't afford to lose though
That's a wise comment for any money going in the market right now. I think it has recovered based on craziness not anything remotely related to reality. I expect a much bigger dip to happen. Will states locking down again do it, will it be dismal earnings and even worse forecasts or will it be the second wave that many people are pretending might not happen? I can't time it exactly, but I expect before october, the market will take a hit right between the eyes.
 

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