Money Investing megathread extravaganza - Page 469

**DaFace** · 06:35 PM

A place to talk about investing stuff.

**chiefforlife** · 02-03-2021, 09:21 PM

Just a shout out to Clay, Sold my CDEV at 3.00 today made about 3 grand. Thats after selling my IDEX a while ago for about 2 grand in profit.

The dude has some solid tips. Thanks

Demonpenz · 02-03-2021, 10:51 PM

I bought cdev at an average of .96

neech · 02-03-2021, 11:19 PM

Quote:

Originally Posted by Demonpenz

I bought cdev at an average of .96

Looks like a nice gem. I'm thinking of getting some DCP.

**TinyEvel** · 02-03-2021, 11:19 PM

Quote:

Originally Posted by Demonpenz

I bought cdev at an average of .96

Okay what’s the story on CDEV? It’s gone up 5x in three months. Used to be in the $20s a couple years ago though.

Natural gas and oil company, what’s the future outlook in an administration pushing for clean energy?

neech · 02-03-2021, 11:26 PM

Quote:

Originally Posted by TinyEvel

Okay what’s the story on CDEV? It’s gone up 5x in three months. Used to be in the $20s a couple years ago though.

Natural gas and oil company, what’s the future outlook in an administration pushing for clean energy?

Good question, my financial guy advised me to stay away from gas and oil stocks with the new administration yet I see them going up so I don't understand it myself.

suzzer99 · 02-03-2021, 11:30 PM

Quote:

Originally Posted by neech

Good question, my financial guy advised me to stay away from gas and oil stocks with the new administration yet I see them going up so I don't understand it myself.

My current working investing theory is that herd immunity, vaccines and summer are going to converge - causing covid to effectively disappear quicker than most expect.

This will result in a euphoric period where people travel (DAL), go on cruises (RCL, CCL - cruise people are like a cult), go to movies (CNK, did have AMC until I woke up last Wed. and it was 8x what I paid), and go driving all over (BP, XOM, COP). Also the Saudis and Russians are going to be trying really hard to make up losses - and I have a feeling game the price of oil up as much as possible for at least a little while.

All those stocks are still below well their pre-covid highs in Feb. Once they get close to those highs I'll consider selling. Then I'm just going back to mostly index funds and forget it for a while.

**chiefforlife** · 02-03-2021, 11:31 PM

Most of them bottomed out and were great buys. The demand is coming back and really have no where to go but up.
Probably are not good buys now but if you bought last March or so, $$$

neech · 02-03-2021, 11:58 PM

Quote:

Originally Posted by suzzer99

My current working investing theory is that herd immunity, vaccines and summer are going to converge - causing covid to effectively disappear quicker than most expect.

This will result in a euphoric period where people travel (DAL), go on cruises (RCL, CCL - cruise people are like a cult), go to movies (CNK, did have AMC until I woke up last Wed. and it was 8x what I paid), and go driving all over (BP, XOM, COP). Also the Saudis and Russians are going to be trying really hard to make up losses - and I have a feeling game the price of oil up as much as possible for at least a little while.

All those stocks are still below well their pre-covid highs in Feb. Once they get close to those highs I'll consider selling. Then I'm just going back to mostly index funds and forget it for a while.

That theory makes sense.

**Rain Man** · 02-04-2021, 12:37 AM

Maybe oil and gas is good for a short play, and it probably is. But I've had several oil stocks for a few years and I'm slowly getting out. They haven't been profitable for me for more than two years and I think the writing is on the wall for that industry. It's in decline, and even the companies that pivot will take a hit during the process.

I tend to be a buy and hold guy, so others may have different strategies. But I don't see them being a good long-term hold any more. My past strategy was that they typically pay fantastic dividends so even if their growth was slow it was still a good play. But a 5 percent dividend doesn't make up for complete stagnation and decline over the past two years.

Demonpenz · 02-04-2021, 12:37 AM

Quote:

Originally Posted by TinyEvel

Okay what’s the story on CDEV? It’s gone up 5x in three months. Used to be in the $20s a couple years ago though.

Natural gas and oil company, what’s the future outlook in an administration pushing for clean energy?

I have no idea I just bought it because of CP.

Hammock Parties · 02-04-2021, 01:04 AM

Quote:

Originally Posted by TinyEvel

Okay what’s the story on CDEV? It’s gone up 5x in three months. Used to be in the $20s a couple years ago though.

Natural gas and oil company, what’s the future outlook in an administration pushing for clean energy?

I have no idea but I sold just short of $3 after buying at 1.15.

There's no way I'm risking that profit with who's in the white house.

52-week high is good enough for me.

If it falls under $2 it might be worth buying again.

Hammock Parties · 02-04-2021, 01:06 AM

Quote:

Originally Posted by chiefforlife

Just a shout out to Clay, Sold my CDEV at 3.00 today made about 3 grand. Thats after selling my IDEX a while ago for about 2 grand in profit.

The dude has some solid tips. Thanks

Nice bro.

I'm back in on IDEX. Should hit at least $6 I think.

My next play is going to be SNDL. I'm waiting for a dip.

eDave · 02-04-2021, 01:19 AM

Quote:

Originally Posted by -King-

...but why? Why do you think it won't go back to $10?

It was a mistake I feel I must pay for.

**TinyEvel** · 02-04-2021, 01:46 AM

Quote:

Originally Posted by Hammock Parties

Nice bro.

I'm back in on IDEX. Should hit at least $6 I think.

My next play is going to be SNDL. I'm waiting for a dip.

I told you guys about Liberty Health Sciences a while back. Medical cannabis seed to store company in Florida. Was between .30 and ,40 all year. Just popped to a dollar. Gonna be acquired by a bigger national player buying up regional operations. LHSIF

trndobrd · 02-04-2021, 08:23 AM

Quote:

Originally Posted by suzzer99

My current working investing theory is that herd immunity, vaccines and summer are going to converge - causing covid to effectively disappear quicker than most expect.

This will result in a euphoric period where people travel (DAL), go on cruises (RCL, CCL - cruise people are like a cult), go to movies (CNK, did have AMC until I woke up last Wed. and it was 8x what I paid), and go driving all over (BP, XOM, COP). Also the Saudis and Russians are going to be trying really hard to make up losses - and I have a feeling game the price of oil up as much as possible for at least a little while.

All those stocks are still below well their pre-covid highs in Feb. Once they get close to those highs I'll consider selling. Then I'm just going back to mostly index funds and forget it for a while.

Followed the same strategy back in early April. Mixed in some restaurants, hotels and casinos. Wish I had thought about movie theaters.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $146899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,520

02-03-2021, 09:21 PM	#7021
chiefforlife Colorado Chief Fan Join Date: Feb 2006 Casino cash: $6043147	Just a shout out to Clay, Sold my CDEV at 3.00 today made about 3 grand. Thats after selling my IDEX a while ago for about 2 grand in profit. The dude has some solid tips. Thanks
Posts: 5,638	1 0

02-03-2021, 10:51 PM	#7022
Demonpenz Woman should only make babies Join Date: Nov 2003 Location: Apartment "G UNIT!" Casino cash: $1466136	I bought cdev at an average of .96 __________________
Posts: 54,631

02-03-2021, 11:31 PM	#7027
chiefforlife Colorado Chief Fan Join Date: Feb 2006 Casino cash: $6043147	Most of them bottomed out and were great buys. The demand is coming back and really have no where to go but up. Probably are not good buys now but if you bought last March or so, $$$
Posts: 5,638

02-04-2021, 12:37 AM	#7029
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $1438491 VARSITY	Maybe oil and gas is good for a short play, and it probably is. But I've had several oil stocks for a few years and I'm slowly getting out. They haven't been profitable for me for more than two years and I think the writing is on the wall for that industry. It's in decline, and even the companies that pivot will take a hit during the process. I tend to be a buy and hold guy, so others may have different strategies. But I don't see them being a good long-term hold any more. My past strategy was that they typically pay fantastic dividends so even if their growth was slow it was still a good play. But a 5 percent dividend doesn't make up for complete stagnation and decline over the past two years. __________________ Active fan of the greatest team in NFL history.
Posts: 143,134