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Misc Stock Market

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My Delta stock is going nuts after hours. Closed at $24.54 and is at $26.50 right now. :oops:

They and the rest of the airlines just struck a deal on government aid with the treasury department.

Details of that will be very interesting to me. If I find out that they're just diluting shares, I need to DCA that a little bit at some point.
 
Bloodbath today. Oil under 20, Dow futures at -584, precious metals down. Hold on tight.
 
Hopefully, this isn't the start of a several energy companies doing reverse splits...It usually just kills a stock price

Not surprised. Reverse splitting a stock means their price was so low they had to artificially make it look better than it really is so regular folks might buy it. Plus only way any institutional investors will touch it because they have rules that don't usually let them hold stocks below a certain price. That company has been in trouble for a long time. I held stock in them at least a decade ago and it was a mess.

Found this on the price and split history they had in the past 10 years:


Growth of $10,000.00
Without Dividends Reinvested

CHK split-adjusted CAGR
Start date:
04/15/2010​
End date:
04/14/2020​
Start price/share:
$23.06​
End price/share:
$0.13​
Dividends collected/share:
$1.63​
Total return:
-92.37%​
Average Annual Total Return:
-22.68%​
Starting investment:
$10,000.00​
Ending investment:
$762.62​
Years:
10.01​
 
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Guys.

Take Profit.

Don’t hold bags.

Don’t hold through reverse splits.

This is coming from experience. I held a stock all the way down to $0.01 one time. Literally... thinking it would go back up given random news and hopeful BS from the CEO of a failing company. CEO and company news can BS news so well, it’s fake news and should be illegal! They also hide financial data until the last minute.

If you’re losing say $100 and you want to wait until you break even, but the stock is headed down, imagine losing it all. -$100 isn’t that bad is it? You have all year to make that up. Sell.

The number one rule of short term trading is take profit, number 2 is know your exit. It pains me to read some of these posts knowing you guys are just going to lose more $. Cut the loss!
 
Guys.

Take Profit.

Don’t hold bags.

Don’t hold through reverse splits.

This is coming from experience. I held a stock all the way down to $0.01 one time. Literally... thinking it would go back up given random news and hopeful BS from the CEO of a failing company. CEO and company news can BS news so well, it’s fake news and should be illegal! They also hide financial data until the last minute.

If you’re losing say $100 and you want to wait until you break even, but the stock is headed down, imagine losing it all. -$100 isn’t that bad is it? You have all year to make that up. Sell.

The number one rule of short term trading is take profit, number 2 is know your exit. It pains me to read some of these posts knowing you guys are just going to lose more $. Cut the loss!

I'm glad you posted this. It knocked some sense into me and I have liquidated all my positions. I ended up with like a $100 profit on an initial $1,000 investment. I was never playing the market to get super rich or for my retirement, it was mostly to have fun and honestly it stopped being fun.
 
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I'm glad you posted this. It knocked some sense into me and I have liquidated all my positions. I ended up with like a $100 profit on an initial $1,000 investment. I was never playing the market to get super rich or for my retirement, it was mostly to have fun and honestly it stopped being fun.

I'm going down with the ship with UCO, it's near all time low. I did well on CPE and AXP but if I sold UCO right now at 1.60 I would give up a lof the profit I made on AXP/CPE. I'm watching AXP again...

CPE bought at .45 and sold at .54.
AXP bought at $76.5 and sold at $89.2
UCO bought multiple lots but cost average is $2.11.
 
I know I'll look at the prices of MRO and APA 6 months from now and lament what could have been, but I do feel there's another sharp drop in the market coming.

I'm not what you'd call a patient type. Playing long is not for me.
 
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