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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
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Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 04-21-2020, 05:15 AM   #4606
Hog's Gone Fishin Hog's Gone Fishin is offline
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No. But the market does regularly. So you’re not alone there. And as much as I killed your dreams, at least you’re not holding a bunch of long contracts $20 crude oil and sit through a -$57 day.
So with Oklahoma sweet at -$41.00 does that mean I can buy a barrel of oil for 0 and get a check for $41 with it?

https://oilprice.com/oil-price-charts/45
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Old 04-21-2020, 06:00 AM   #4607
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Back to the deep value restaurant thing, it looks like Darden Restaurants is getting ready to sell more shares to raise cash instead of going into more debt. They should be fine, but some quick math made it look to me like what appeared to be a possible double on the eventual rebound is most likely going to be a 30 to 40 percent gain that may take a while to play out. At least it doesn't appear that they will be diluting the shares enough to totally tank the price. I bought in cheap enough that it's not going to hurt and my position in Darden is small. But those who bought into some of these at levels before the crash are probably cringing pretty hard right now.
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Old 04-21-2020, 06:12 AM   #4608
Dunerdr Dunerdr is offline
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so should a new hobby investor buy oil right now? err asking for a friend.
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Old 04-21-2020, 06:20 AM   #4609
lewdog lewdog is offline
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so should a new hobby investor buy oil right now? err asking for a friend.
Using the terms “new” and “hobby investor“ (WTF does this mean?!), I’d say **** no!
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Old 04-21-2020, 06:32 AM   #4610
Dunerdr Dunerdr is offline
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Using the terms “new” and “hobby investor“ (WTF does this mean?!), I’d say **** no!
Ive recently started throwing a few hundo at stuff here and there. Hobby- Not my career, and im not dependant on the money invested to give me a return in any way, you know like a hobby something you put money into for entertainment, or for education, of just for satisfaction of doing it. I have some riding on insego and its been a real roller coaster!
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Old 04-21-2020, 06:38 AM   #4611
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Ive recently started throwing a few hundo at stuff here and there. Hobby- Not my career, and im not dependant on the money invested to give me a return in any way, you know like a hobby something you put money into for entertainment, or for education, of just for satisfaction of doing it. I have some riding on insego and its been a real roller coaster!
No one loses money for fun. USO for example is down 40% in a week.

Your choice though.
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Old 04-21-2020, 07:06 AM   #4612
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USO trading halted this morning based on "news".
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Old 04-21-2020, 07:09 AM   #4613
ChiliConCarnage ChiliConCarnage is offline
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so should a new hobby investor buy oil right now? err asking for a friend.
Are you talking an oil related business or speculating on oil itself?
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Old 04-21-2020, 07:23 AM   #4614
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Old 04-21-2020, 08:30 AM   #4615
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No one loses money for fun. USO for example is down 40% in a week.

Your choice though.

How much worse could it get? If they make it through to the other side then they'll be OK.
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Old 04-21-2020, 08:46 AM   #4616
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How much worse could it get? If they make it through to the other side then they'll be OK.
Depends how long you want money tied up in something that may be sinking for awhile.
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Old 04-21-2020, 08:53 AM   #4617
Hammock Parties Hammock Parties is online now
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Old 04-21-2020, 09:09 AM   #4618
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Old 04-21-2020, 11:38 AM   #4619
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Good article for those trying to **** around with USO.

https://www.cnbc.com/2020/04/21/reta...awakening.html
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Old 04-21-2020, 03:59 PM   #4620
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No one loses money for fun. USO for example is down 40% in a week.

Your choice though.
Surely you've been to Vegas or the multitude of "Riverboat" casinos....oh wait everybody always comes out a winner there if you listen to them. At least with stocks you can take the loss to offset your gains and or taxes as you learn, as many in this thread will have an opportunity to do!!
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