seyisanya:
After doing your due diligence, and you buy stocks for long term purpose, you don't need to bother about the daily price fluctuations. Most especially if you bought at discounted prices like those who bought in March 2020.

Indeed they bougth the "bottom". ...Boeing: 95, Tesla: 300+, Apple:222(not sure), American Tower: 174 etc

abuabdullah:


Indeed they bougth the "bottom". ...Boeing: 95, Tesla: 300+, Apple:222(not sure), American Tower: 174 etc

I was talking about Gilead. As at March, it hovered around $70- 75. That is not “bottom”. Even with the news of remdesivir, it hasn’t moved much at $80.
Speculations was that it would hit $100 up but it never happened.
Its hard to predict stocks.

seyisanya:
After doing your due diligence, and you buy stocks for long term purpose, you don't need to bother about the daily price fluctuations. Most especially if you bought at discounted prices like those who bought in March 2020.

I pray Boeing falls a little, I will just buy and leave it till it rises well. Long term

Boeing is part of American Economic Soldier...they will not allow it to fall under...even at current price...it is buy still....a $400 stock

Stocks slide as Buffett dumps airlines
Coronavirus pushes Berkshire to sell entire stakes in US airlines: Buffett

https://www.foxbusiness.com/markets/berkshire-sells-us-airline-stakes-buffett
https://www.foxbusiness.com/markets/us-stocks-may-4-2020

(Reuters) - Berkshire Hathaway Inc sold its entire stakes in the four largest U.S. airlines in April, Chairman Warren Buffett said Saturday at the company's annual meeting, saying "the world has changed" for the aviation industry.

The conglomerate had held sizeable positions in the airlines, including an 11% stake in Delta Air Lines, 10% of American Airlines Co, 10% of Southwest Airlines Co and 9% of United Airlines at the end of 2019, according to its annual report and company filings.

The conglomerate was one of the largest individual holders in the four airlines and in 2016 disclosed it had begun investing in the four carriers after avoiding the sector for years.

U.S. equity markets fell Monday amid rising tensions between the U.S. and China and as Warren Buffett said Berkshire Hathaway unloaded its entire stake in airlines.

The Dow Jones Industrial Average slid 333 points, or 1.41 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite were lower by 1.08 percent and 0.73 percent, respectively.

J.Crew files for bankruptcy as coronavirus slams retailers

https://nypost.com/2020/05/04/j-crew-files-for-bankruptcy-as-coronavirus-slams-retailers/

Iconic American clothing retailer J.Crew on Monday became the first nationwide retailer to file for bankruptcy as the coronavirus crisis ravages the retail industry.

The New York-based company — whose clothes were famously touted by Michelle Obama — is among several major retailers that have suffered while the pandemic forces stores closed and shut shoppers in their homes.

J.Crew will emerge from the restructuring with new owners — it reached a deal to turn $1.65 billion of its debt into equity for its lenders, including the investment firm Anchorage Capital Group, effectively handing them control of the company.

The chain’s lenders will also provide $400 million in financing to see it through the bankruptcy process, during which it plans to keep operating, according to a news release.

ijedeikorodu:

J.Crew files for bankruptcy as coronavirus slams retailers

https://nypost.com/2020/05/04/j-crew-files-for-bankruptcy-as-coronavirus-slams-retailers/

Iconic American clothing retailer J.Crew on Monday became the first nationwide retailer to file for bankruptcy as the coronavirus crisis ravages the retail industry.

The New York-based company — whose clothes were famously touted by Michelle Obama — is among several major retailers that have suffered while the pandemic forces stores closed and shut shoppers in their homes.

J.Crew will emerge from the restructuring with new owners — it reached a deal to turn $1.65 billion of its debt into equity for its lenders, including the investment firm Anchorage Capital Group, effectively handing them control of the company.

The chain’s lenders will also provide $400 million in financing to see it through the bankruptcy process, during which it plans to keep operating, according to a news release.

Lemme ask a question, is it likely this company bounces back with the new owners.

MummyIMadeIt:
Indeed I feel Rich though green in this aspect of financial freedom for having stumbled upon this thread while looking for something one can do legitimately to make ends meet.

Currently at page 29 and still following judiciously, though I can't wait to start up something with the little I have.

Have decided to run both short term and long term trading owing to financial constraint.

I am looking at going short for the time being then subsequently go long term with the profit from the short and whilst I continue trading with the capital short termly

I hope it works out, but lemme catch up with the thread first before my final showdown.

Thanks Oakpearl, YerYer, and all the wonderful people For this wonderful thread.

Weldone bro and welcome.

ijedeikorodu:

Stocks slide as Buffett dumps airlines
Coronavirus pushes Berkshire to sell entire stakes in US airlines: Buffett

https://www.foxbusiness.com/markets/berkshire-sells-us-airline-stakes-buffett
https://www.foxbusiness.com/markets/us-stocks-may-4-2020

(Reuters) - Berkshire Hathaway Inc sold its entire stakes in the four largest U.S. airlines in April, Chairman Warren Buffett said Saturday at the company's annual meeting, saying "the world has changed" for the aviation industry.

The conglomerate had held sizeable positions in the airlines, including an 11% stake in Delta Air Lines, 10% of American Airlines Co, 10% of Southwest Airlines Co and 9% of United Airlines at the end of 2019, according to its annual report and company filings.

The conglomerate was one of the largest individual holders in the four airlines and in 2016 disclosed it had begun investing in the four carriers after avoiding the sector for years.

U.S. equity markets fell Monday amid rising tensions between the U.S. and China and as Warren Buffett said Berkshire Hathaway unloaded its entire stake in airlines.

The Dow Jones Industrial Average slid 333 points, or 1.41 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite were lower by 1.08 percent and 0.73 percent, respectively.

I had a small speculative position in Southwest Airlines (LUV) which I had to bail out of today at market open. Warren Buffett's comments definitely weighing on sentiments.

4Play:


I had a small speculative position in Southwest Airlines (LUV) which I had to bail out of today at market open. Warren Buffett's comments definitely weighing on sentiments.

If I have spare money I will buy more of airlines stocks because they are cheap and the country will do all that is needed to ensure they survive. Without airlines, US is dead as a tourist destination. Though, it may take two or three years before the stocks reach there previous highs

abuabdullah:


If I have spare money I will buy more of airlines stocks because they are cheap and the country will do all that is needed to ensure they survive. Without airlines, US is dead as a tourist destination. Though, it may take two or three years before the stocks reach there previous highs

The problem is that airlines face a long period of low customer demand and will have to take on more debt to offset the operational costs they still have. Share prices need to adjust to their lower value. I will stay away from investing in airlines as a long term play. I was looking at a short-term pop in prices which didn't materialize (I blame the timing of Berkshire Hathaway's meeting).

[quote author=dunsin125 post=89112757] You can only do USD bank transfer if you have a domiciliary account else you have to transfer in naira to your wallet and then exchange it to USD.[/dquote]

Yes I am talking about domicilliary account from another Nigerian bank.

sonnie10:

That is stock market for you. This speculation of $100 did not work as at tody.
It is probably time to even off load as it nose dives

My brother am not offloading at all. I bought Gilead mid February. q4 will be fantastic for Gilead going forward. They will definitely improve on their approved drug so I see it flying by q4 past 100.

seyisanya:
After doing your due diligence, and you buy stocks for long term purpose, you don't need to bother about the daily price fluctuations. Most especially if you bought at discounted prices like those who bought in March 2020.

Exactly. And also this is NYSE where positive sentiments, good results etc really have impact on a stock price unlike NSE where nothing moves except occasionally.

nna777:


Exactly. And also this is NYSE where positive sentiments, good results etc really have impact on a stock price unlike NSE where nothing moves except occasionally.

Nnaaa, this US market na another thing ooo...small news moves a stock...back or forward...but NSE...kai...a company will post a nice result..the next... it is heading south or no movement all...

[quote author=kunlef1 post=89190062][/quote] o think you can then.

gamaliel9:


Nnaaa, this US market na another thing ooo...small news moves a stock...back or forward...but NSE...kai...a company will post a nice result..the next... it is heading south or no movement all...

Lol,

The NSE has no trend or Patten. It's currently in a four days bullish run o, inside this pandemic yet NSE is getting positive upward trend, no one can explain what the reason is . I don't feel comfortable to buy any Nigeria stocks because it's very volatile right now.

2017 was Nigeria best stock market year Ever, it was so unbelievable. NSE recorded 42% year to year
Dangote returned a whopping 227% profit.
Anyway, things are not the same right now.

OakPearl:


I smell a bit of a conspiracy:
Amazon's announcement, plus Trump threatening China and then most recently, Elon Musk stating Tesla stock price is too high thereby leading to a prompt 10% price depreciation.
With all of these happening at the same time, it tells a lot.
As negative as it appears, all I see is opportunity to cherry-pick great stocks when they a through crashing prices by their actions.

I share the same sentiment. Think about it, Amazon reported a 26% sales increase in the 1st quarter, this is usually their slowest quarter. Despite this boom in sales, they reported 29% decline in profit because Bezos said they spent "even way more."

Amazon went on to say they expect to make $4B in the 2nd quarter but they plan to spend all of it on Corona-virus related expenses like keeping their workers safe and increasing wages. They plan to carry out COVID-19 testing on all employees and also plan to buy all the necessary masks and gloves for their employees.

The bottom line is, profiting from a pandemic looks really bad. Like many have said, millions are unemployed, millions are infected and several thousands have died as a result. To add to this, some Amazon warehouse employees are threatening to strike because they say they don't feel safe and protected. During the international Workers Day, some Amazon employees staged a walkout and it made headline news.

Same with Tesla; they reported good earnings and the stock jumped to over $860, the very next day, Elon Musk is tweeting about the stock price being so high. This is the same person who's always saying that anyone shorting Tesla will lose, he even makes fun of them on Twitter when they lose billions betting against Tesla.

Many articles have been written about how billionaires are getting richer in this pandemic and many of those articles include Bezos and Musk. It doesn't look good no matter how you look at it. So in order to save face, they had to say things to make it look like they aren't gloating in their massive fortunes. Bezo's statement about shareholders taking a seat or Musk's tweet about Tesla stock being too high are nothing but good PR. While I wouldn't completely call it a conspiracy because I believe Amazon is really spending money to incentivise and protect their workers, I wouldn't sell the stocks here, I would rather add to it. No one wants to come out and announce they are making billions of dollars while the country is falling apart, it just looks bad.

YerYer:


I share the same sentiment. Think about it, Amazon reported a 26% sales increase in the 1st quarter, this is usually their slowest quarter. Despite this boom in sales, they reported 29% decline in profit because Bezos said they spent "even way more."

Amazon went on to say they expect to make $4B in the 2nd quarter but they plan to spend all of it on Corona-virus related expenses like keeping their workers safe and increasing wages. They plan to carry out COVID-19 testing on all employees and also plan to buy all the necessary masks and gloves for their employees.

The bottom line is, profiting from a pandemic looks really bad. Like many have said, millions are unemployed, millions are infected and several thousands have died as a result. To add to this, some Amazon warehouse employees are threatening to strike because they say they don't feel safe and protected. During the international Workers Day, some Amazon employees staged a walkout and it made headline news.

Same with Tesla; they reported good earnings and the stock jumped to over $860, the very next day, Elon Musk is tweeting about the stock price being so high. This is the same person who's always saying that anyone shorting Tesla will lose, he even makes fun of them on Twitter when they lose billions betting against Tesla.

Many articles have been written about how billionaires are getting richer in this pandemic and many of those articles include Bezos and Musk. It doesn't look good no matter how you look at it. So in order to save face, they had to say things to make it look like they aren't gloating in their massive fortunes. Bezo's statement about shareholders taking a seat or Musk's tweet about Tesla stock being too high are nothing but good PR. While I wouldn't completely call it a conspiracy because I believe Amazon is really spending money to incentivise and protect their workers, I wouldn't sell the stocks here, I would rather add to it. No one wants to come out and announce they are making billions of dollars while the country is falling apart, it just looks bad.

Another credible explanation.

To give credence to your theory, Musk tweeted he was selling all possessions. Followed through by putting up 2 of his 6 Bel Air homes for sale.

He can always repurchase later.

-Lord

YerYer:


I share the same sentiment. Think about it, Amazon reported a 26% sales increase in the 1st quarter, this is usually their slowest quarter. Despite this boom in sales, they reported 29% decline in profit because Bezos said they spent "even way more."

Amazon went on to say they expect to make $4B in the 2nd quarter but they plan to spend all of it on Corona-virus related expenses like keeping their workers safe and increasing wages. They plan to carry out COVID-19 testing on all employees and also plan to buy all the necessary masks and gloves for their employees.

The bottom line is, profiting from a pandemic looks really bad. Like many have said, millions are unemployed, millions are infected and several thousands have died as a result. To add to this, some Amazon warehouse employees are threatening to strike because they say they don't feel safe and protected. During the international Workers Day, some Amazon employees staged a walkout and it made headline news.

Same with Tesla; they reported good earnings and the stock jumped to over $860, the very next day, Elon Musk is tweeting about the stock price being so high. This is the same person who's always saying that anyone shorting Tesla will lose, he even makes fun of them on Twitter when they lose billions betting against Tesla.

Many articles have been written about how billionaires are getting richer in this pandemic and many of those articles include Bezos and Musk. It doesn't look good no matter how you look at it. So in order to save face, they had to say things to make it look like they aren't gloating in their massive fortunes. Bezo's statement about shareholders taking a seat or Musk's tweet about Tesla stock being too high are nothing but good PR. While I wouldn't completely call it a conspiracy because I believe Amazon is really spending money to incentivise and protect their workers, I wouldn't sell the stocks here, I would rather add to it. No one wants to come out and announce they are making billions of dollars while the country is falling apart, it just looks bad.

CNBC/Bloomberg did explained that probable reason for Elon Musk tweet was because the value of the company was about to reach $100B which will trigger contractual payment of millions of dollars to him.

LordAdam16:


Another credible explanation.

To give credence to your theory, Musk tweeted he was selling all possessions. Followed through by putting up 2 of his 6 Bel Air homes for sale.

He can always repurchase later.

-Lord

LOL. That guy is such a character and that's why investors ignore all his gaffes. But you are right, this is all good PR. He's a multibillionaire, he can buy 100 more homes if he wants and it won't make a dent on his net worth.

abuabdullah:


CNBC/Bloomberg did explained that probable reason for Elon Musk tweet was because the value of the company was about to reach $100B which will trigger contractual payment of millions of dollars to him.

Wow. I believe he gets paid based on the stock's performance. But seriously success shouldn't be curtailed or stymied. I mean the US is a capitalist system, no one should feel guilty for being so rich. I know it looks bad because if everything that's going on but it's not his fault shareholders want to reward him.

Market Review for the Month of April and Outlook for May


https://www.youtube.com/watch?v=R2qUwmE2GmY&feature=youtu.be

Virgin Atlantic..first flight without passengers...interesting

I bought some shares of Peloton (PTON) yesterday purely out of speculation. Peloton makes exercise equipments like bikes and treadmills that can be used at home. Their main selling point is the provision of live classes from world class instructors basically motivating you and giving you instructions while you exercise along with many other people. I have watched this stock rise while watching from the sideline since the national lockdown. As we all know, gyms are closed, so more people are stuck at home exercising and this should be a boon for their business.

This is an impulsive trade, borderline gambling. They report earnings tomorrow and I plan to hold through earnings, if there's a nice pop I will likely sell, if they disappoint, I will cut my loss. Currently up 2%

YerYer:
I just bought a few shares of Genprex (GNPX). This is a small biotech company and they currently have drugs in the pipeline to treat lung cancer and diabetes. This is a small cap stock that used to trade at $18 just two years ago. The chart looks good here and a move to $3 will value this company at over $100M. This is a very risky trade and it may not materialize.

Today it was announced that Genprex (GNPX) received fast track FDA approval for the treatment of non-small lung cancer and the stock is up about 75% as of this writing. Current stock price is $4.05 and I'm up 71%. I bought these shares hoping for an exit price around $3 so I won't get greedy, I will sell about half my position and let the rest run.

YerYer:


LOL. That guy is such a character and that's why investors ignore all his gaffes. But you are right, this is all good PR. He's a multibillionaire, he can buy 100 more homes if he wants and it won't make a dent on his net worth.

America is at the point where billionaires are damned if they do and damned if they don't.

Musk doesn't take a salary. He could. He should. But he's literally placed his financial neck on the line for TESLA. The metrics he has to meet to vest his stocks compensation are absurd.

Bezos' salary is 81 grand. He does not accept stock awards.

Still most rail against them for ideological reasons because they created companies of immense value others with the resources refused to create.

From what I can tell, the destination for progressives and public opinion is Europe. Always one bad quarter away from a recession, but very solid jobs if you can secure one. Any citizen who can't would leech off the government kept running by a massive bureaucracy. Mexicans and South Americans can do the menial jobs (open borders).

China, India, and the next Big Economies would drive the innovation front.

It is Anti-American: but urbanization and demography changes would almost certainly guarantee it. All of the anti-billionaire talk is a distraction to court public sympathy and support from the average Joe and Jane.

Which is why it bugs me that Nigeria is fiddling away when we are uniquely positioned to be the N in BRINC and take our rightful place in the New World Order. Europe and America+Canada are the Old Guard. In terms of potential, our mates on the planet are only Brazil, China, and India. Hopefully, the country wakes the f* up in our lifetimes.

-Lord

abuabdullah:


CNBC/Bloomberg did explained that probable reason for Elon Musk tweet was because the value of the company was about to reach $100B which will trigger contractual payment of millions of dollars to him.

Still, he just cashed out $700m in the last hour, because the trigger was hit anyway.

https://electrek.co/2020/05/05/elon-musk-tesla-700-million-payday/

-Lord

LordAdam16:


America is at the point where billionaires are damned if they do and damned if they don't.

Musk doesn't take a salary. He could. He should. But he's literally placed his financial neck on the line for TESLA. The metrics he has to meet to vest his stocks compensation are absurd.

Bezos' salary is 81 grand. He does not accept stock awards.

Still most rail against them for ideological reasons because they created companies of immense value others with the resources refused to create.

From what I can tell, the destination for progressives and public opinion is Europe. Always one bad quarter away from a recession, but very solid jobs if you can secure one. Any citizen who can't would leech off the government kept running by a massive bureaucracy. Mexicans and South Americans can do the menial jobs (open borders).

China, India, and the next Big Economies would drive the innovation front.

It is Anti-American: but urbanization and demography changes would almost certainly guarantee it. All of the anti-billionaire talk is a distraction to court public sympathy and support from the average Joe and Jane.

Which is why it bugs me that Nigeria is fiddling away when we are uniquely positioned to be the N in BRINC and take our rightful place in the New World Order. Europe and America+Canada are the Old Guard. In terms of potential, our mates on the planet are only Brazil, China, and India. Hopefully, the country wakes the f* up in our lifetimes.

-Lord

You are very knowledgeable; I think you should comment more on the thread as it will broaden our knowledge. To be fair, Elon Musk took a big risk basing his compensation on stock performance. I wonder if he really expected the company to have a market cap of $100 billion so quickly. So I absolutely he should get paid. China, India and Nigeria probably make up 30% of the world's population and they are the next frontier. I can only hope we seize the opportunity to rise as the "Old Guard" slowly falls.

Do people have good schooling?
Good Healthcare system?
Good universities?
Food security ?
Welfare system?

Both China and India have all above, I would be so naive to even assume that Nigeria can even stand with China and India.
Bro Come to reality. No doubt there will be huge population in Nigeria but The Unproductive Population , a Burden nothing else.

Above is true for all nations of this continent. If we combine all of our nations and make a united effort even then we will not be able to stand with China and India.

Food security, Basic Schooling , Average healthcare is all we need and must expect for next 30 years. And yes those 30 years are when we get good politician (which you know will be a miracle for us)

YerYer:


You are very knowledgeable; I think you should comment more on the thread as it will broaden our knowledge. To be fair, Elon Musk took a big risk basing his compensation on stock performance. I wonder if he really expected the company to have a market cap of $100 billion so quickly. So I absolutely he should get paid. China, India and Nigeria probably make up 30% of the world's population and they are the next frontier. I can only hope we seize the opportunity to rise as the "Old Guard" slowly falls.

What do you guys think about Occidental petroleum and Chekapeake. And any other stocks to buy.