I made 47% on my initial investment the first go around. Let's see if I can do it again. It's not going to be as easy this time, since prices have risen so much over the past 6 weeks.
Society Corona - Stock Market thinktank
- Thread starter so long
- Start date
I think we are going to have about a year period where we have the ability to take advantage of this situation
Why only a year
It's just what I think it's going to take for the market to normalize, basically just pulling it out of my ass, or going off my gut instinct as some like to say.
My father has been doing that with RNG the past year. I think Chef will be that for us.
When u buy at $12.25 or so, where do you put your stop?
This last time we sold at $15, then we sell off enough to cover the initial investment, then buy more, etc etc
so we slowly build up shares for the long term, and make some nice skrilla now.
I have the time to watch the stock throughout the day so we will sometimes adjust our sell orders on the fly.
I'm sorry I meant stop loss. In case things go bad. Chef has some serious drops on the chart
Honestly I haven't gotten into the more advanced things like that. I tend to use limit purchases and sells. I need to look into the other options though for that reason.
The reason we are doing this with Chef's Warehouse is because I believe they have a solid business plan by selling to the general public AND restaurants. They also have good cash on hand and over all seem to be a strong company.
You may want to think about that. Chef went from $38 to $29 Oct 2018 and $38.50 to $30 in dec 2018.
$16.46 to $10.31 Aug 2016. Not to mention the recent drop from $40 to $5.50. it has happened to me before (not having a stop loss during a huge drop) and it sucks. Good luck, seems like you are doing rly good. Just something to maybe consider. Sorry to bug you
Not bugging me at all, I enjoy learning about this, it's still very new to me. I think I'm doing really good just due to the current situation, I doubt I'd be doing this will if it weren't for the current situation.
That's true, but those are small snapshots. No stock just rises at a perfect angle.
If you look at then from 2017 on, you see a company with steady growth.
In addition check their balance sheet and you see they are not running a high debt ratio, which is allowing them to weather the storm.
Now the downside is the restaurant industry is fickle and recovery could be much longer than we like.
Various restaurants have closed and others are slow to fill their spot or new one's open, cruise lines and casinos that they provide for are still closed, etc... Still I think they are a better bet than any one chain, because they are their to provide for whoever comes through.
AND I could be dead wrong.
Le Chat Noir
©
Thats out thinking as well.That's true, but those are small snapshots. No stock just rises at a perfect angle.
If you look at then from 2017 on, you see a company with steady growth.
In addition check their balance sheet and you see they are not running a high debt ratio, which is allowing them to weather the storm.
Now the downside is the restaurant industry is fickle and recovery could be much longer than we like.
Various restaurants have closed and others are slow to fill their spot or new one's open, cruise lines and casinos that they provide for are still closed, etc... Still I think they are a better bet than any one chain, because they are their to provide for whoever comes through.
AND I could be dead wrong.
Le Chat Noir
©
Anyone else having issues with TD Ameritrade this morning?
I had to get rid of BLMN, it was irritating!
SABR has had a good week, but there is no solid news that I've found about airlines returning to full capacity...so I'm holding off for now.
Oh and I started a 5G watch list. Any recommendations there?
Le Chat Noir
©
SABR has had a good week, but there is no solid news that I've found about airlines returning to full capacity...so I'm holding off for now.
Oh and I started a 5G watch list. Any recommendations there?
Le Chat Noir
©
Sir, respectfully I think you are crazy for getting rid of BLMN. We are currently up 30% on them. I haven't checked the news for them lately, but they seem to be well equipped to weather this storm like CHEF.
See I had gotten out when I was positive with them before and moved that money to another stock.
Then I bought back in at the wrong time and they were my only negative.
I think they'll come back strong, I'll just wait for the right time.
Le Chat Noir
©
We bought in at 8 and change I believe.
NVAX is dropping, may be a good one to get into depending how far it dips.
Yep, I bought into the GILD hype and sold BLMN to put more into it....like an idiot!
Le Chat Noir
©