Stocks - The Best Buys 2

[burn_this_city]

I regret going to cash at what I figured was near top of the bear market rally. I’ve missed a solid 10% of the rebound, although with the USD declining somewhat its about 6-7%. I’ve still dollar cost averaged my usual contributions into the market, but my overall portfolio missed this last bounce.

[Manhattanboy]

Damn was gonna buy TD a week ago at 58, today it’s 65.

[sa226]

I've basically been sitting on the sidelines or adding to other positions as they corrected.

My experience with shorter term trades is almost always negative.

Though, in a rare feat of luck I've taken some small to medium sized positions in QSR and BYP over the passed month or so and those have turned out pretty well.

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[DoubleK]

This is crazy. The S&P is going to put on 100+ pts today.

[wwkayaker]

The stock market just had its best 50 day period ever.

[stampsx2]

Originally Posted by DoubleK

This is crazy. The S&P is going to put on 100+ pts today.

Ya and i hear the rbc investment site has been down all day.

[flylock shox]

Originally Posted by stampsx2

Ya and i hear the rbc investment site has been down all day.

It has indeed. They'll no doubt lose a customer or two over it.



Very frustrating.

[skudr248]

The RBC app works for me, website.. not at all. Made trades via app only today.

MX & PPL have been great for me, kicking myself for not buying MTY a few weeks ago, was staring at it for a while @ 21. I owned TD last week @ 58, sold at 62, I still see more drop to be honest, going to wait until I buy back into banks.

[DoubleK]

Oh man, that's probably very stressful for RBC clients.

[CroFlames]

Originally Posted by DoubleK

Oh man, that's probably very stressful for RBC clients.

Market is doing well today. RBC is doing them a favor.

[Bill Bumface]

This feels like $0 down 40 year mortgages all over again. House prices went screaming up, but as soon as they made that move, a future crash was created, and it is just a matter of when.

[flylock shox]

It's such a weird market right now.

Some stocks are basically right back where they were pre Covid. Others are still at half their former glory. There's no rhyme or reason to some of it. Next week should be amazing for active trading.

[nik-]

Originally Posted by Bill Bumface

This feels like $0 down 40 year mortgages all over again. House prices went screaming up, but as soon as they made that move, a future crash was created, and it is just a matter of when.

zero down 40 year mortgages are irresponsible, but they didn't lead to the crash. Just a small side piece of a much bigger issue.

Who knows what other ####ed up investment banker #### is going on in the background right now though.

[Krovikan]

I feel like a lot of this market craziness might have to do with casinos closing, a huge influx of capital into the market that isn't following normal trends. I have acall option position right now that is in the money for more then I could sell the option for. The market is silly right now.



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[bizaro86]

Originally Posted by Krovikan

I feel like a lot of this market craziness might have to do with casinos closing, a huge influx of capital into the market that isn't following normal trends. I have acall option position right now that is in the money for more then I could sell the option for. The market is silly right now.

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That's almost certainly a bad quote - lots of options (especially ones that are far from the money - are illiquid, so you are maybe seeing the last trade price. I think it's very likely you could sell your option for at least its intrinsic value.

[csnarpy]

crazy day indeed. Dow up huge. I bought Royal Caribbean about a month ago at 22 and its on an absolute tear, up 12 just today to close over 69.

[Manhattanboy]

So weird. No way was I going near a tanked cruise ship stock and I know a few people who have made a killing on RC, Princess etc.

[Krovikan]

Originally Posted by bizaro86

That's almost certainly a bad quote - lots of options (especially ones that are far from the money - are illiquid, so you are maybe seeing the last trade price. I think it's very likely you could sell your option for at least its intrinsic value.

The issue is the volume is soo low on the options, and the stock shot up 10% seeming for no reason.

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[Slava]

Canadian options just don’t have much volume in general, so if that’s what you’re trading it might be a factor? In the US some options have loads of volume and you can do a lot more there.

[bizaro86]

Originally Posted by Krovikan

The issue is the volume is soo low on the options, and the stock shot up 10% seeming for no reason.

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Right, exactly. My experience with illiquid Canadian options has been that if you are willing to sell them for close to intrinsic value (to take profits) you can throw out a limit order and it will get filled.