Alexandre7:


Do you mind listing some of the health, consumer discretionary, financials and tech sectors you're invested in.

I'm planning on diversifying my portolio as well.

Wow, I've been in and out of different names but I will list the stocks I held the longest
Tech: Amazon (AMZN), Facebook (FB), Google (GOOGL), Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), Netflix (NFLX), Adobe (ADBE)
Healthcare: United health (UNH), Abbott (ABT), CVS
Retail: Home Depot (HD), Costco (COST)
Financials: PayPal (PYPL), Square (SQ), Citi (C), Visa (V)
Utility: American Electric Power (AEP)
Auto: Tesla (TSLA)
Entertainment: Disney (DIS)
Airline: Southwest Airlines (LUV)

Most of these companies will profit a long term investor. Check them out and please do your own research.

Alaska90:
Hello Guys,

Please what's your take on Webull platform

I am a newbie

I want to register with them now and start trading

Advertised as 0% commission and 0 deposit

Please the gurus in the house, what is your take on this?

Thanks

Webull is reputable and safe.

YerYer:
Got back into Morderna (MRNA) at the $56.75 level. The stock rallied yesterday after announcing their COVID-19 vaccine is moving to phase II testing. But do not expect any magic here, vaccines takes years to refine even in perfect conditions. I will say a stop sell order at $45 to take me out but I plan to ride this stock to $73.

Morderna (MRNA) shot up as high as $86 today after announcing positive results for its COVid-19 vaccine. My limit sell order was executed, I'm now out of this position.

Alexandre7:


I finally opened a trade with TD Ameritrade today after reading all the pages. You guys are an inspiration.

I've a couple questions:

I haven't traded stocks before so I invested $2000

Then I bought 25 shares of American Airlines, 25 shares of United Airlines, 25 shares of Delta Airlines & 25 shares of Southwest Airlines.

Do you think these are good stock?

I'm planning to hold long term till at least December.

If travel resumes then the stocks will fly.

What about Bankruptcy?
Can all four airlines go bankrupt as the same time?

I feel like all four airlines are too big to fail and the government will bail them out before the go bankrupt

What do you think about hotel stocks like Marriot?

I'm also planning on investing in that sector long term but just wanted a different opinion.

Welcome on board!! You've taken a bold step towarads a path I strongly believe will lead to financial independence if done right. I remember coming across a similar tread like this on nairaland some years ago and that's was how I started investing in the stock market. I like TD Ameritrade, it is a broker for serious investors.

I like all four airline stocks and I still believe buying them at these levels is literally free money. As the economy opens up, people will travel once more. And like you said, we still need the airlines, will the govt just let them all go bankrupt? I don't think so. Unlike the cruise lines, the airlines are essential and yes the government will step in to save them (maybe not all) just like they did with the big banks in 2008.

You plan to hold these stocks for over 6 months, so I think even with uncertainty and volatility in the travel sector, you will still come out ahead as long term investor.

I will urge you to get a general understading of graphs so as to identify potential resistance and floor levels, it may help you trim or add to your position along the way.

Marriott and other leisure and entertainment stocks have been beaten to a pulp. The risk reward at these levels are enticing especially for a long term investor. But like Dremanuel said, try not to put all your eggs in one basket. Diversify your portfolio so it can withstand shocks in the market. Being fully invested in the travel and leisure space only can be risky, so if you have capital to buy more stocks, look into the health, consumer discretionary, financials and tech sectors.

seyisanya:


Nice read, boss. I never knew ACB reached such high in 2018, I thought the new high was due to the reverse stock split because I could not find my entry price on the chart via Google/investing.com anymore. I bought ACB in March at 71 cents then later it fell to 21 cents but I held on tight. A reverse stock split was done last Monday and still continued to fall until last Friday that I went from more than 60% loss to breakeven in just one trading day! It is currently more than 20% pre-market. I'll watch this one closely for a sweet exit after waiting it out. #Patience

Kudos to you bro, ACB is up big today. What's your plan now?

Iyamilele:
@Oakpearl @ Yeryer You guys are the best!!! Thank you very much for your contribution on this thread, I am new here and also reading from the beginning of the thread.

Are these recommended stocks that one can invest in for the week?

These are companies scheduled to report earnings this week. Investors in these companies want to know how the company did in the last quarter (Jan-March). Companies report revenue, expense, profit, balance sheet and give guidance for the next quarter. Some traders pay close attention to the earnings calendar so they can trade certain stocks while predicting which way the stock price will move right before or after earnings. This is a very dangerous trading system unless you are a very experienced investor with a high risk tolerance. I attached a copy of the earnings calendar for this week, I'm a visual person.

Inehmesit:
Hello Gurus in the house, please tell me what you think about this stock, it just keeps rising, I’m using the bamboo app, so far I think it has the best Ui
@OakPearl
@Yeryer

Sir, Aurora Cannabis (ACB) just reported good earnings and investors rewarded the stock with a 68% gain. But keep in mind this used to be a $127 stock back in 2018, so at the current price of $11.20, it is over 1000% off from it's all time high.
Now to the question you asked, I know you want to know if you should buy the stock. I don't know your risk tolerance, but generally I will say stay away from this one. If you like the marijuana space there's GrowGeneration (GRWG), one can enter at $5.65. There's Neptune Wellness (NEPT), one can enter at $2.9. But be aware that these are speculative investments for a very short term frame. Since ACB reported an impressive sales growth few days ago, other marijuana stocks have gained nicely.

Again this isn't an investment advice, just shedding light on the stock you brought up. One thing I like about this thread and online forums and co is that they give me ideas and most times I find my biggest gainers this way. I will go ahead and add those stock price alerts for GRWG & NEPT so if they cross those prices, I will be alerted and I may buy a few shares. I will also watch ACB of course for possible entries if any.

millennium2012:
Etoro is ok if you're an experienced trader. Just that you can't afford to do try and error on Etoro, you will lose your stakes because of High Leverage. But experienced traders make faster returns on it than some other platform.

One other thing is that you can't find enough penny stocks on Etoro.

But the good news is that you can social trade (I.e. Copy trade professionals). If the pros are basking on profit, you can simply copy them and make same profit proportional to your capital.

You can copy trade with as little as $200 dollars.

Caveat: do your own research before making your final decision.

Sorry guys I've been very busy with so many stuff that I've not been commenting. I really appreciate the effort of my ogas here @OakPearl, Yeryer and so many other great minds.

Wishing us many green in the weeks ahead.

Welcome back bro, we all have lives to live outside the internet; sometimes it's a juggling act.
I tried looking up etoro fees but it looks like they have a spread fee for non-europeans, but if you are trading $2000 or more, the fees are little to none. But what I don't like is the fact that they charge $25 withdrawal fee and a $10/month inactivity fee. If I want to withdraw my own money I still have to pay a fee? Then if my account is inactive, they will still charge $10/month for that.
I guess one has to consider the total costs and if they still come out ahead, then that's fine.

DreManuel:
What do you guys think about shorting Zoom (ZM)? I think the stock might be overpriced since it's COVID that's really fuelling its upswing in cash flows. Robinhood doesn't allow shorting, does any one have an idea of the right platform to short?

You can short Zoom (ZM) from the Robinhood app by trading options. You can buy puts or sell calls. I know most brokers will ask if you are an experienced investor while opening an account, based on your response they will either allow or deny you access to certain products such as margin and options trading. Try contacting them to grant you access, if they say you don't have much experience, just keep trading stocks on their platform for now. You can now proceed to opening an account with TD Ameritrade, but make sure you don't select you are a new investor. TD Ameritrade charges $0.65 per option contract.

But honestly, read and watch instructional videos about options trading. It is very very risky and one of the fastest ways to lose money. TD Ameritrade has a paper account if you want to practice strategies first before actually trading a live account. I know Zoom (ZM) is overvalued, but investors are piling into covid winner stocks so it may go against you. Worst of all, shorting this thing is too damn expensive and if the stock keeps rising, you can lose 100% of your money in a blink of an eye.

ChybuzzDD:
CODX(one of the companies producing test kits for covid-19) has been on the move, and currently surging in premarket.
Unfortunately, we can't get it on the Trove App

I think Trove app just saved you from losing money. The stock has been halted today as it is extremely volatile. News coming across now is saying the CFO has a sketchy past with overvalued companies according to the SEC. Stock has fallen over 50% from today's high and will fall some more once the trading halt is removed.

DreManuel:


I’m in the U.S. too, just joined this thread and I’ve been reading from page 1. Would love to connect some time.

Welcome brother man!! You've come to the right place!

OakPearl:




So in keeping with my promise to hint, I have seen from my "Dark Room" (if you remember how photographers washed pictures taken years back) that this may be the right time for some ETF plays.

Am buying these plays today UVXY (38.40) and SQQQ ($10.99).
They can be very volatile and are for very short term.

Fed Chair comments today and the fear of a second wave of the corona virus is spooking the market. I can see why you would buy bearish ETFs.

Jimmy17:

Bro, that's a demo account oo... I've not started investing..still saving money by October I should...but I've been making some good stock picks

Can't wait until you trade a live account and make real gains! Your picks are really good, abeg I no mind if you fit hint us so we go join lol while you dey save up.

Jimmy17:
Get in and get out quick

Juicy gains Which broker do you use?

donchris33:
You are right. As good as Warren Buffet is, he still makes wrong investments e.g kraft Heinz Stock.
Now looking at the airline business, the current stock price is too low and will definitely bounce back to its high when economies start reopening. If airlines don;t operate from now till December, most airline companies will definitely go bankrupt. Do you know the operational cost it takes to run airlines Do you know that, as Airlines are not operating they are running huge cost currently as we speak.

Warren Buffet must have done his homework. He would definitely have Financial experts and professionals working in his holding company Berkshire Hathaway, that can do the fundamental analysis of the Airline industry, hence his decision to pull out of Airline Stocks.

My take: If you want to invest in Airline stocks, you can do short term , follow the charts, know when to move out, because, my guess is that not all the Airline companies will survive this corona Virus Crisis.

Exactly, he has way more insight into companies than anyone else even the analysts, so I wouldn't even attempt to criticise his decision to sell all his shares. But like someone else said, Buffet is more of a buy and hold guy; maybe he has determined in the long run airlines will still suffer. I don't know, but they are due for a bounce maybe not anywhere close to their pre-covid levels.

thesilentone:


If you give them a call, they might sort something out.

7Chart Patterns That Make Money - Ed Downs (92 pages)
Profiting with Chart Patterns - Ed Downs. You can find this one on Nirvana's website (59 pages)

I hope you find it useful.

Thanks bro, really busy at the moment but I will check those resources out in due time. Appreciate

OakPearl:


Very true.
"Boarded" Delta Airlines yesterday 7th May at $21.73.
We see how high we cruise.

Enjoy the trip bro

donchris33:
So, does it mean Warren Buffet is loosing his special skills on picking the right stocks. I also have a feeling that getting into the airline industry now is the best for long term investment.
I watched warren Buffett Berkshire Hathaway annual meeting . He admitted that he has sold all his airline stocks and even said it was one of his biggest investment mistakes.

Anyway, I believe that the corona virus is going to forever change most industries. For the airline industry I think social distancing would take a bit of their profit and it would affect them. I may be wrong though. I actually think the cruise lines is better to invest in the transportation sector than the airlines. I may still be wrong though.

I wouldn't question Warren Buffet's reasons for selling off all his airline shares; maybe he knows more than the average investor. But just looking at the risk-reward here, those stocks have been beaten so badly and a bounce can be expected.

sonnie10:

This is a good move, I would say. I was looking at it this morning and it’s attractive.
How about airlines for medium term?

Airlines are a great medium term trade here. I tried to get into United Airlines (UAL) today at the $22 level but it never filled. Buying airlines here is an aggressive trade but as more cities slowly open, this trade is such a no brainer its literally free money. Airlines are at their 52wk lows so the risk reward here is really good. An aggressive trader can initiate a position here and even add to it if prices fall.

thesilentone:


I took a course with Technitrader a few years back and I liked it. I'm sure there are cheaper and probably better alternatives available now. I like to read small books (100 pages or less) and I found two I can direct you to search for online if that would be helpful. You should be able to find the pdfs on Google

I checked out their website but I don't see how much they charge. What books do you recommend?

Got back into Morderna (MRNA) at the $56.75 level. The stock rallied yesterday after announcing their COVID-19 vaccine is moving to phase II testing. But do not expect any magic here, vaccines takes years to refine even in perfect conditions. I will say a stop sell order at $45 to take me out but I plan to ride this stock to $73.

YerYer:
Drenimarcus recommended Dominoes Pizza (DPZ) here on the thread a couple weeks ago as a benefactor to the coronavirus lockdown, but I didn't buy the stock and it has moved 10% since then. Papa John's (PZZA) another pizza chain announced that they are hiring 20,000 people to fulfil its "no contact" delivery of pizza and other food items. This is another company that cannot keep up with demand and should benefit in a time when traditional restaurants are shutting down. I just bought a few shares at $61.90

Papa John's (PZZA) missed analyst EPS and revenue after reporting earnings, but the CEO said April was their best month ever. Currently up 29%, I still like this company; I will follow it closely and decide what to do next.

YerYer:
Check out this security monitoring company ADT. They install alarm and camera systems in private homes, apartments and businesses. By the end of 2019 they had 6.5million customers many of whom have multiyear contracts and automatic monthly payments. Their balance sheet doesn't look too good on the surface though, they have $9.7B in total debt but only $1B is due in 2021 and another $1B due in 2022 versus $1.5-$1.9 operating cash flow they generated since 2017. The stock is trading at only 9X earnings, moreover I also have a subscription with them. I bought a few shares yesterday at $4.35 a piece and I plan to add to this position, i'm already up 16%, stock propelled 8% today alone. I'm taking a chance here at the risk reward
I will do my best to post trades i'm making but I wouldn't advice anyone to buy simply based on my trades because sometimes I initiate a position purely based on speculation, sometimes based on fundamentals or technical analysis while some other times I might read an article or tweet and get curios

ADT reported earnings yesterday. Sales beat but they reported a loss. This is a small position and I'm up 33% but I plan to hold as this stock is still undervalued.

Square (SQ) the mobile payment processor reported wider loss than expected but revenue exceeded analyst consensus. They are poised to benefit from a contactless world as their Cash app is wildly used by teens and young adults. They should also benefit as more people get their stimulus check. I've been in and out of this name in the past and I plan to add if it dips more.

lafuria1:
US stock market humour,

Lol, I can't deny how true the pic below is.

Lol, it's kinda sad

thesilentone:


That is because charts simply show human psychology and reaction. We all react to fear and greed in almost predictable ways so the charts only show it. I'm still upgrading my technical skills through learning. I enjoy the FA side of things but the charts don't lie and takes away the emotional side of this business. Someone said 'we trade them, we don't date them' - them being stocks. Moreso, the charts are repeatable so one only needs to look at a chart in time T with the same or similar economic event at the time and compare. You can almost predict how people will react, then position yourself for the inevitable cycle repeat.

That makes a lot of sense. When I'm chanced my plan is to take a cheap course on TA to better improve my trades.

Jimmy17:

Hi ,I would like to know how you find companies to invest in?

Here you go sir

YerYer:


I work at night and sleep during the day. When I get home in the morning I tune into CNBC, listen to their commentaries and news about the market. But I pay particular attention to the scrolling thing at the bottom of the screen which lists stock symbols and the daily change in stock price. If I see a stock with a significant move up, I look it up to see if there's any recent news moving the stock higher. I now look at the chart to see if it's a new 52wk high or if the stock just shattered a recent price ceiling which could be a bullish sign that the stock will move higher and that former ceiling could be a new bottom. I glance at analyst recommendations as well as news articles related to the company from my broker. Sometimes the news articles mention other related companies in that sector that hasn't moved up as much and I might see that as a potential opportunity.

Believe me even with all that, I still buy stocks that will still disappoint. No one can accurately predict the market.

You might also want to ask oga OakPearl how he spots stocks, he's a better stock picker.

YerYer:
Just bought shares of Fastly (FSLY) @$22.44, I also bought one June 19th call contract with a $20 strike price. This is a highly speculative play.

Fastly (FSLY) the cloud computing platform reported stellar earnings last night. As the name suggests, they provide edge computing that helps speeds up apps and website performance. They are built to handle excess internet traffic which has been on a rise as more people teleconference, shop, play games and stream online. The stock and options have net me $483 and I will very likely sell here.

YerYer:


Peloton (PTON) reported good earnings. New subscription grew 94% in Q1. The stock is currently at All-Time-Highs netting me a gain of $1704. This was an earnings trade, I will sell some of my position tomorrow.

I'm up over $3K. I feel like if social distancing is here to stay, how can you social distance in a gym? This company is made for this pandemic. I may set my stop limit order at $43.5 to take me out but I'm really tempted to hold this a little bit longer.

OakPearl:
STOCK FOCUS: Overstock.com (OSTK - $14.10)

I have been watching this stock for weeks now and it looks like the time to pounce is now.

Overstock.com is an online retailer and incubator of blockchain technology.
It suffered a terrible beating when it collapsed to about $2.53 on March 18th this year due to a poor financial performance.
Amazingly, they have reported a higher sales during this covid-19 season and have a great chance to appreciate in value in tandem with gains bitcoin is enjoying.

It is up 187% in the last 1 month and 17% in the last 5 days.
I will make a move purely based on speculative reasons but I may hold longer as it is a growth stock with enormous potential.
NOT A BUY OR CELL RECOMMENDATION.
DO YOUR DUE DILIGENCE.

Wonderful call. Stock is up 21% since this post.

nna777:


I saw the graph you posted and I went back to do some digging.
In the month of February, it's range of support and consolidation was Btw 60 - 70. That was when they first announced about the drug trial.

By March, a breakout occurred to a range Btw 70 - 83 . It's has oscillated Btw these 2 points till now. from the charts, it's obvious it will soon breakout again and find its new support in the 80s range before consolidating there for a while.

That's why in my previous post I said q4 will be fantastic for them, they would have better improved and streamlined for efficiency. the reason for the W pattern is because it's still in its trail phase. once they get the required details from this current trial, they will go back and work to make it better.

I hope this helps.

Well explained. I'm not too versed in technical analysis but I'm always amazed by how much graphs and patterns can predict price movements. I agree with you, this is a good stock and it does look like it is consolidating before a breakout. I will likely get back in for but for smaller amounts and build slowly.

OakPearl:


Good to see you stick to your decision. It may have taken longer than you expected to hit $95 and you walked (Category 1); another category of investors budgeted a longer time frame and are experiencing the ups and downs (Category 2). Both categories will make money with consistency in strategy. I see you turning that deficit into 5 times profit in your next trade.
Even if you got in a bit late (after the announcement), it still ought to have sailed a bit higher as at times "riding the wave" happens.
I would normaly "Buy the rumour, and sell the news" would have paid off better I guess.
Though some rumours turn out to remain mere rumours.

You are correct bro. If I hold longer, I would've come out ahead tbh. Looking at the 3 months chart, its hitting it's simple moving average and will likely bounce higher. I bought a significant amount of shares and every percentage move is significant, so I just wanted to offload here.
Lol after costing me money, I will redeem myself later on this stock