With the keystone xl canceled it should benefit the stock provided the exploration wells yield some good results.
im hoping this tracks like GME lol. Got some fun money to play around with. Why not use the weaponized autism of the reddit group lol. Some of the returns people are posting there are awesome.
It's reddit users screwing the short positions which is driving up the prices. High Short Interest Stocks
I bought MAC pre-covid at about $26. Really poor timing, but I was able to buy more at $7.60 and $12.40. Still down overall from overall cost, but not too bad now at a bit over $19. I am holding it long term, but it might be entering a short squeeze phase, so I have a sell order on it at $100. Just a wild, "what the heck, why not?" that I don't expect to fill.
Outside of the company I used to work for (which is also now private), I have never owned a single stock. I dabbled a little bit in some energy sector funds several years ago and did OK, but didn't enjoy the ride. Not knocking anyone who likes to pick stocks, but it isn't for me. Especially now in the world of social media and cancel culture...all it takes is one stupid tweet and one keyboard warrior to screw up your finances. I have my contributions on auto-pilot, rebalance 1 time per year or whenever a major swing of 10% or more happens, and let it ride.
All my long term stuff is in VTSAX. The individual stocks are all short term positions to try to make a few $$ on. I hate buying individual stocks tbh lol
RIG- transocean had an awesome day I bought 3500 shares back in October to add to my 1500 shares I picked up in March. they could literally file chapter 11 or be forced to at any time but it bounced 34% today
To bad the “autists” on wsb are taking a bath by trying to hold the line while the brokerage houses collude to halt trading on the short squeezes. My portfolio Is spread across 4 different brokerages 2 of which have actively managed portions. I’m no whale by any standard but if they screwed me like they are doing these kids my funds would be liquidated and transferred. Robinhood just probably blew their chance at a good IPO
Not sure if I should get into this run on SLV. There’s not enough physical silver to cover the paper trades the restrictions TD is putting in place is draconian I’d imagine all the low entry brokers are following suit
I work with guys that have spent thousands on newsletters and they seem to be doing well playing both sides of a trade... I can't handle the ride or be bothered with constant trading alerts throughout the day but I commend those that can. What did it for me was a handful of times I had researched certain stocks at length, bought in heavily, then I'd see an article from some analyst talking nothing but doom and gloom then promptly I'd dump the stock only to see it triple or quadruple in the weeks or months following... I can barely summon the courage to check my IRA these days LOL. 401K seems to have yielded decent returns last time I checked. My company match is nothing to write home about but it's better than nothing. Every week I buy a little more company stock (Raytheon Technologies) figured based on the backlog and knowing a little of what's to come there's probably opportunity there. I've been thinking about opening a Roth alongside my regular 401K... might not be a bad idea to give myself more options in the future.
