patrick.net

The one whose name cannot be mentioned could have been of help.

I only trade options and futures. If you want something boring with a stable dividend and growth prospects, check MAIN.

@FP what is MAIN?

A BDC

It has outstanding record of NAV and dividend growth.

The BDC sector has corrected recently and I think the outloook is good. They are volatile, but there are some good quality ones, with safe dividends and safe from rising interest rates.

FP says

The one whose name cannot be mentioned could have been of help.

I miss the tips, honestly, but the unnamed decided to leave. Not sure what's going on with bringing it up all the time. In the land of internet forums, unnamed was Grandma that died 15 years ago, yet here we are, still talking about her. It's time to move on.

WookieMan says

Not sure what's going on with bringing it up all the time

Just debuggging patnet. Stumbled upon the bug by chance yesterday - causing phrases containing his name to disappear. Can't help myself to leave a problem unsolved.

Thanks @FP

https://finance.yahoo.com/quote/MAIN?ql=1&p=MAIN looks interesting.

Doesn't fit your criteria but go buy some atrs Monday. Fda minutes pending and profitable in 2019. Yoy rev growth roughly 15-20%.

Bitcoin, because a million hipsters cant be wrong

Patrick says

I discovered some uninvested cash in an IRA account and am looking for something new to buy.

How about instead of individual stocks, buy a sector ETF?

Short canadian housing related stocks. U can do this by shorting canadian banks.

GRMA @Feux Follets

GRMA being the way you text 'thank you' in Irish Gaelic. Thank you is actually 'go raibh maith agat' (may there be good on you) but it's just too long to text.

Pronounced 'guh ruh mah ahgit' but they usually shorten that too, to 'guh ruh mahd' kind of blurred together.

There is a fun long-running soap opera on Irish TV entirely in Irish Gaelic, called Ros na Rún:

http://www.tg4.ie/en/programmes/ros-na-run/

I watch it with the subtitles in Irish to get the correlation between spelling and speaking, then in English to see if I understood the meaning.

I’m looking at the Dow thinking we’re definitely in correction mode, and likely another 10% drop is underway. Makes me cautious about buying anything right now, but I like investing in Cannabis and I’ve put together a nice group of tickers to play the Cannabis market. Most of these have already had monster moves so it’s up to the investor how he feels about buying into companies that have already seen such massive gains.

STZ 227.35
GWPH 114.90
SMG 88.28
TWMJF 25.32
APHQF 11.32
ITHUF 2.67
CNTTF 6.49
ICCLF 1.07
SPRWF 1.50
ISOLF 1.10

Patrick says

https://finance.yahoo.com/quote/MAIN?ql=1&p=MAIN looks interesting.

Yahoo! Finance still superior to Google, IMHO.

Check out the CEO's name... I thought he was killed 25 years ago.

KgK one says

Short canadian housing related stocks. U can do this by shorting canadian banks.

Canadian banks are fine. Most of the risk is carried by the CHMC (i.e. the taxpayer). I wouldn't short them.

Patrick, if you like BDC's, from the top of my head, TCPC, TSLX, FSIC, GSBD are a few more good ones.

I personally am focused on SPX spreads right now. Some excellent risk/reward opportunities, imho

If you plan to buy ARTS, mell's suggestion, here's what you can consider:

- sell April strike 2.5 puts for ~0.5 and buy Aug strike 5 calls for ~ 0.10

If you get excercised, you get the stock for ~ $2.1 + keep the calls.

If it stays in the the $2.5 - $5 range, you make ~20% profit for a few months.

If it breaks out, you keep the $0.5 credit form the puts and your calls make a good profit too.

The downside is the stock tanks and you get excercised. So only do it if you wish to own the stock anyway.

I bought some MAIN this morning in an IRA. In theory, this will get me about a 6% dividend without tax until I retire. I know my milage may vary, but looks good at the moment.

More than 6%. They pay special dividends regularly.

You can expect 7.66% with special dividends.

MAIN is definitely the safer play. Thx for the ATRS options breakout, @FP. Yes, you have to wish to hold the stock for a while anyways - unless there is an imminent breakout which is def. possible. Generally though this is not a short term, but a turnaround/profitability play for Q4 2018-2019 and beyond. FDA minutes likely to be released this or next week.

ATBPF LET’S GO

ATRS released favorable FDA minutes today. Up 10% but this could run slowly into profitability 2018/2019. ST price target $3+ (next few months), MT price target $5+ (2018), LT price target $10+ (2019).

Did you sell your Facebook stock yet?

Never owned Facebook stock. I avoid internet companies because my life is already too affected by living near them.

I like the slump GE is in. It will probably go lover. Who knows? I think it's a great value though. GE will eventually recover.

This could turn into a bear market. Hard to hold any gains for most stocks as a volatile market is mostly determined by algos. Still it may be a temporary one only. Tech is def. on the decline and so was biotech the past days. Tough environment right now, but if you believe in value stocks you can make a few steals and hold on.

https://www.google.com/search?ei=CrK6Wp7gMYW4jwOP17vYAQ&q=icon+biotech+stock+price&oq=icon+biotech+stock+&gs_l=mobile-gws-serp.1.0.33i160.13752.15046..17124...0....108.210.0j2..........1..mobile-gws-wiz-serp.......0i71j35i39.5Fd%2FeKh29GI%3D

mell says

a volatile market is mostly determined by algos.

Yeah, not true. Volatility is a manifestation of human fear and the resulting breakdown of algo supported levels as they attempt to provide liquidity into an overflow of volume.

That fear is executed and perhaps exacerbated by algos, sure.

Patrick says

Never owned Facebook stock. I avoid internet companies because my life is already too affected by living near them.

Take all the trends you despise, and put money into them. Ex: dfont like amzn dominating consumerism right down to food? Buy amzn. Don't like fattasses? But Mcdonalds

Patrick says

GRMA being the way you text 'thank you' in Irish Gaelic. Thank you is actually 'go raibh maith agat' (may there be good on you) but it's just too long to text.

All of a sudden I’m appreciating the origins of the Aussie phrase: “Good on ya, mate!”

Patrick says

I need another stock tip

Best advise ever......If you always rely on tips, you will eventually be sorry, because tips are just a gamble.
If you are not sure where to invest, put your money in an index fund, because the high paid Ivy League graduates can't even beat it.
Now here is the best tip you will ever have........"ITB"

errc says

mell says

This could turn into a bear market. Hard to hold any gains for most stocks as a volatile market is mostly determined by algos. Still it may be a temporary one only. Tech is def. on the decline and so was biotech the past days. Tough environment right now, but if you believe in value stocks you can make a few steals and hold on.

1/26/18 26,616
3/27/18 23,708

10% correction- 23,954
20% correction- 21,292

Trump took office the stock market was at 19,827, so we’re still up 20% after 14 months of the Trump presidency. And what with his huge tax cuts and all the regulations he’s rolled back, and all the jobs he’s brought back home and created, we have to be on the verge of another Great Bull Market like the Obama years, no?

Make no mistake Obummers bazooka - QE - was much much much larger. Not even in the same ballpark as tax cuts. QE is bad on the long run and we have been paying the costs and will keep paying as the Fed has to ratchet back. These days I still research every stock I buy, when QE was announced I took 50k and bought the same day a basket of stocks without a single iota of research.

mell says

These days I still research every stock I buy, when QE was announced I took 50k and bought the same day a basket of stocks without a single iota of research.

What as it?

CBOEtrader says

mell says

a volatile market is mostly determined by algos.

Yeah, not true. Volatility is a manifestation of human fear and the resulting breakdown of algo supported levels as they attempt to provide liquidity into an overflow of volume.

That fear is executed and perhaps exacerbated by algos, sure.

Algos short as well quite heavily. Sure it takes a few bigger boys to get out to get the ball rolling but fact is algos have been dominating lately as they are primed for volatility. You don't need algos to trade 2008-2017. In fact they may be in the way in a zero volatility market. These days even stocks with good news easily get taken down by algos in the short term in this volatile market, making it harder to spot value.

Strategist says

mell says

These days I still research every stock I buy, when QE was announced I took 50k and bought the same day a basket of stocks without a single iota of research.

What as it?

Don't remember just stocks I had on my radar to do research on but I skipped that. I mean Dow went up over 1000 points in the following days and I sold most after a couple of years. Bringing the discount window to zero (for big banks) basically meant they could borrow large amounts for free for a prolonged period and that's what they did. This dwarfs a tax cut in terms of inflationary effects on asset prices.

mell says

errc says

mell says

This could turn into a bear market. Hard to hold any gains for most stocks as a volatile market is mostly determined by algos. Still it may be a temporary one only. Tech is def. on the decline and so was biotech the past days. Tough environment right now, but if you believe in value stocks you can make a few steals and hold on.

1/26/18 26,616
3/27/18 23,708

10% correction- 23,954
20% correction- 21,292

Trump took office the stock market was at 19,827, so we’re still up 20% after 14 months of the Trump presidency. And what with his huge tax cuts and all the regulations he’s rolled back, and all the jobs he’s brought back home and created, we have to be on the verge of another Great Bull Market like the Obama years, no?

Make no mistake Obummers bazooka - QE - was much ...

Also the markets hate tariffs. And we have been in overpriced territory for tech in a while. Tech should get battered more than biotech but there are still enough big hype backers for now. In a real 2008 style bear market TSLA would trade at $10-$100 max. We're still long term in bull territory for now it seems.