The BEST Guide to POLAND
Unanswered  |  Archives 
 
 
User: Guest

Home / Off-Topic  % width posts: 134

Stock Market Talk 2020+


Cargo pants 2 | 827
4 Sep 2020 #91
I think he meant physical gold.
@Dolno:Yes in Poland they charge 7% more then the spot price,I buy in NY where they charge 45$ per ounce to buy or sell.Price differs around 5$ between the brands like Canadian Maple leaf,Credit swisse and American eagle gold biscuits & Bricks.

In Poland the cheapest I could find for 5% surcharge from a Polish mint in Warsaw.I forgot to ask them if they would add VAT on top of it.I would never buy it in Poland.
Cargo pants 2 | 827
4 Sep 2020 #92
Lil bit late to add,I heard Dubai is the place to buy gold where the premium is only 5$ and there are vending machines all over the place including the airport.Also I heard in London the Indian place in South Hall also they sell for 25 Pounds an ounce premium.
dolnoslask 6 | 3,539
4 Sep 2020 #93
I would never buy it in Poland.

Your right too much surcharge.

Not going to start moving gold across borders too much explaining at customs , but thanks for the dubai tip , I have bought cameras and watches there in the past all good value.

Thanks guys
Cargo pants 2 | 827
5 Sep 2020 #94
across borders too much explaining at customs

Honestly NOPE,You are allowed to travel with 10K euros undeclared and you can buy for that around 4/5 ounce biscuits with current price and bring them back to Poland legally without declaring for personal use.I have never been to Dubai but if I get a chance I will,but too scared to go to that part of the world.LOL and they will fit in your wallet.
Ziemowit 13 | 4,269
9 Sep 2020 #95
The market took a huge hit today.....worse since the virus shutdown.

These days Tesla has hit a $330 low. A free fall from about $500 a share at the end of August it seems.

The current monetary policy of the central banks in the world including the Federal Reserve means that various assets are likely to grow overpriced and prone to speculation on a larger scale. Allocation of resources has greatly deteriorated due to the low and even negative interest rates.
OP johnny reb 28 | 5,248
10 Sep 2020 #96
These days Tesla has hit a $330 low.

That was a good time to buy Tesla during it's correction, Ziemowit.
Yesterday Tesla jumped nearly 11%, rebounding from worst day on record
Tesla shares jumped ahead of the close on Wednesday, finishing the session 10.92% higher.
Wednesday's double-digit percentage gain came after Tesla dropped 21% on Tuesday for its worst day on record.
That's why we call it the Wall Street Casino, Ziemo.
No guts, no glory.
Next time you are in a Casino, go to the craps table and put a $20 spot on Yo 11.
If you hit you will feel like a damn genius.

@Ziemowit
Here's todays latest Market report.
Dow futures turn positive Thursday as tech attempts to rebound for a second session.
U.S. stock-index futures early Thursday were paring losses to turn positive as investors digested economic reports and a policy update from the European Central Bank.

Technology shares turned higher for a second day to extend a Wednesday bounceback after the Nasdaq fell into correction on Tuesday, retreating from record highs seen just last week.
Ziemowit 13 | 4,269
11 Sep 2020 #97
That was a good time to buy Tesla during it's correction

Tell that to people who were buying at the high of $500. Were you?

That's why we call it the Wall Street Casino, Ziemo.

Did you detect any signs of an approaching slump in Tesla shares beforehand? I suppose that the 50-day moving avarage has all that time been above the 200-day average. Or is the stock now trading below those two moving averages?

the Nasdaq fell into correction on Tuesday, retreating from record highs seen just last week.

I think the market is very likely to be in an upward trend all the time since cash is constantly searching for new assets to be thrown into. See above for my remarks on the monetary policies of the Federal Reserve.
OP johnny reb 28 | 5,248
11 Sep 2020 #98
Were you?

Go back to post #62 Ziemow
johnny reb = I sold my Tesla after a modest gain.
(I had DT in between also.)
I since re - invested that money into 200 shares of Apple (AAPL) back in the first part of April 2020 at $240 a share.

Since then Apple had a four way split which made my 200 shares 800 shares worth $60 a share at my buying price.
On September 3rd 2020 Apple hit $121 per share so I had doubled my money and sold half of my 800 shares.
I now own 400 shares of Apple stock free and clear in my portfolio.
I am looking to invest maybe in Wal-mart if it corrects to $121 per share as it is currently over priced at $137 per share just like Tesla and Apple are over priced right now..

Wal-mart was at $147 before the correction so the people buying stocks in August had more money than brains.

Did you detect any signs of an approaching slump in Tesla shares beforehand?

It wasn't just Tesla Ziemowit, most stocks are over priced right now with the market hitting all time highs again and again this last summer.

A correction right now is no big surprise to anyone.

See above for my remarks on the monetary policies of the Federal Reserve.

Exactly, keeping your money in any kind of savings accounts in a bank is throwing your money away.
The cost of living is 4% in the U.S so if I am not making at least 4% on my money I am losing money.
Most saving accounts don't even pay 1% or like you said, they pay a negative rate.
MOR or Money On Return is the bottom line when you invest and a banks savings accounts are a negative investment.
OP johnny reb 28 | 5,248
11 Sep 2020 #99
See above for my remarks on the monetary policies of the Federal Reserve.

I just read that article this morning.
LONDON (Reuters) - Goldman Sachs said it had upped global equity allocations to "overweight" for the next three months after a recent market pullback, citing an inflection in earnings growth and catch-up moves by cyclical stocks, which had lagged the summer rally.

Investing takes endless reading, research reports and trading charts, Ziemow.
The best time to invest in cyclical stocks is usually in the last year before interest rates rise.
Generally this is when cyclical stocks are most likely to perform better than growth stocks.
This is key, if they're riskier and provide a smaller return than growth stocks, they're not worth investing in.
OP johnny reb 28 | 5,248
16 Nov 2020 #100
To OzinPoz :
If I were in your shoes and want to invest in a safe stock for a good yield plus possibly double your money on the stock, I would buy some BP (British Petroleum.)

I think the yield is around 7% and my hunch is that the stock will come close to doubling in the next year.
Now that's just my OPINION.
OP johnny reb 28 | 5,248
24 Nov 2020 #101
Dow Jones just broke 30,000 for the first time ever !
Thank you President Trump for jump starting the failed economy that you inherited from obozo.
I have made four times the money in the stock market in the last four years under the Trump Administration then I did in all eight years under obozo.

Can't wait to see what Sniffer joe can do with it.
I fear and am petrified that he will start a war to save his failing free policies.
I have all my stocks on 'Stop Loss' so when the market tanks I won't be hurt like I was before when oboza took over.
Novichok - | 1,942
24 Nov 2020 #102
Dow Jones just broke 30,000 for the first time ever!

I am happy for you.
That number - 30,000 - is just another proof that the voters are morons.

In the Trump years - '17, '18, and '19 - Dow went from 20,000 to 28,000, or 40%.
In the same period, average wages increased a lousy 2.5% per year, or simply the rate of inflation. Which means not at all.

That is not a booming economy.

This spread is not unique to Trump. Since 1965, the Americans did not get any benefit from the increase in productivity while the CEO's to workers' salary ratio went from 20 to about 300.

All of that is a scandal and goes to show how America's owners are disconnected from the bottom 80%. Historically, 1% owning 40% is unsustainable and a reason for a revolution. Everybody knows it and that is why "socialism" and Biden won. The Americans rebelled against the status quo, not because their president was not a nice guy.
pawian 176 | 14,299
25 Nov 2020 #103
In the Trump years - '17, '18, and '19 - Dow went from 20,000 to 28,000, or 40%.

The same propaganda is spread here by the ruling rightards - they proudly claim it was their merit. Lying morons. They were only lucky to be elected in general prosperity times which encompassed the whole world, not only their own countries.

Trump has nothing to do with any booms. Simple. .
dolnoslask 6 | 3,539
25 Nov 2020 #104
Sorry the financial world revolves around America, look at the great depression that started in America and then reverberated around the rest of the world.
pawian 176 | 14,299
25 Nov 2020 #105
look at the great depression that started in America

Funny of you to mention an event that took place nearly 100 years ago as an example for 21st century reality. hahaha
Similarly, you can claim Great Britain is a power coz millions of Indians speak British English. hahaha
dolnoslask 6 | 3,539
25 Nov 2020 #106
mention an event that took place nearly 100 years ago as an example

Does the recession of 2008 suit you better?, yes that was America again, you really need to understand the subject you are talking about before reacting with sarcasm and belittlement, So from this we have learned that you have no idea about economics in the same way you have proved to have no knowledge of geography. lesson over.
pawian 176 | 14,299
25 Nov 2020 #107
Does the recession of 2008 suit you better?

Yes, it is a much better example. You should have started with this one instead of going back to dinosaur times. hahaha

economics

No, darling, I just proved you have little knowledge of economics and economy coz the first idea that came to your mind as an example of USA importance was the Great Crisis from 1929. Only after reading my humorous reply you started googling for newer events and found 2008 depression.

And - who is a moron? You, of course. Already drunk at 1pm? hahaha

lesson over.

I love it when rightards pretend to be teachers - it is so cute. Like kids playing blocks on the floor. hahaha

Only after reading my humorous reply you started googling for newer events

And it took you exactly 30 minutes. Quite a long time. Are you sure you can`t get rid of that habit of yours - it visibly affects your performance in the forum.
dolnoslask 6 | 3,539
25 Nov 2020 #108
And - who is a moron?

When you lose an argument you always revert to personal abuse, I didn't find your response humorous but rather the utterings of someone who is attempting to debunk reasonable arguments with personal insults and uninformed and uneducated drivel.
OP johnny reb 28 | 5,248
11 Dec 2020 #110
Come on guys, back on topic, please.
I get warnings for such when I do it.

Anyway, Johnny seems to deliver market tips for free.

Why not.
Check out stock CLSK.
I bought a 1000 shares last week for $11 per share.
It closed today at $15.39.
Up $4400 in eight days on a $11,000 investment. :-)
This is another one that could double soon, if my trading charts are spot on.
They have been known to get it wrong occasionally however. lol
Biden is pushing for clean energy so all those energy stocks should do well next year.
That's why I threw the dice on this one plus it was at $50 a share at one time.
Lots of room for growth.
delphiandomine 88 | 18,858
11 Dec 2020 #111
Check out stock CLSK.

I'd rather rue a missed opportunity with Orlen. I was going to buy another 20k PLN worth of shares when it dropped to 38PLN about 6 weeks ago. I forgot about it, but almost everyone was pointing at the stock being hugely undervalued, and the analysts were suggesting a target price of around 75PLN.

Now? 61.80PLN.

Ugh.
OP johnny reb 28 | 5,248
11 Dec 2020 #112
A year ago last November ORLEN was around 105PLN and then last December it was at around 85PLN.
If closed today at 61 and change so in my opinion there is still some opportunity here as long as you don't get greedy.
No guts, no glory.
Throw them dice, it's only money and they print it every day.

Oh, and by the way, my CLSK is up over 7% again today.
I wonder if anyone listened yesterday and bought some.
A 10k investment yesterday would have made you $700 just today.
(Transportation to and from Warsaw.)
Ziemowit 13 | 4,269
13 Dec 2020 #113
a missed opportunity with Orlen [...] it dropped to 38 PLN about 6 weeks ago

almost everyone was pointing at the stock being hugely undervalued

No guts, no glory.

Or, as Warren of Omaha puts it:
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
OP johnny reb 28 | 5,248
13 Dec 2020 #114
Hey Buddy, welcome back old boy !
I really missed you here.
Actually Ziemowit, you are correct, knowing when to pull the trigger on your stocks (sell) is what makes you rich.
Joker 2 | 1,717
15 Dec 2020 #115
Hey Buddy, welcome back old boy !

I knew it! Hahahaha Witamy, Dimowit! Haha
OP johnny reb 28 | 5,248
15 Dec 2020 #116
I'd rather rue a missed opportunity with Orlen.

Yes, in my opinion it has already been missed.
Did you read this yesterday about ORLEN ?

reuters.com/article/pknorlen-media-idUSKBN28O2D4

ORLEN on December 10th was at $62
Today on December 15 it is at $60 after the announcement.
Also take into consideration that the Zloty has been dropping in value now for the last two months.

I bought a 1000 shares last week (December 8th) for $11 per share .It closed today at $15.39.

I'd rather rue a missed opportunity with Orlen.

You are not a day trader are you.
This morning CLSK opened at $17, up $6 per share for a $6000 gain in one week on my investment.
This morning ORLEN opened at $60.86, the same as it was last week for a 0 gain.
I am not saying ORLEN might go on a run because I don't know that much about Polish oil.
I am just saying that in my opinion I would invest in an American oil company like I have with XOM when it was at $36 a month ago.

XOM low today was $42
ORLEN low today was $59
Lets see (hypothetically) who would have made the most in the next 30 days.
Ziemowit 13 | 4,269
15 Dec 2020 #117
Hey Buddy, welcome back old boy !

Thanks! I think I will be posting occasionally from now on and most likely in the Stock Market or History Sections. At any rate, this time I won't let myself engage in poinless exchanges with forum idiots like Joker to name just one.

knowing when to pull the trigger on your stocks (sell) is what makes you rich.

Actually, deciding on the selling of a stock is a lot more difficult than buying unless of course you are a trader rather than an investror. What if you sell and the moment you have done it the stock starts to climb up like crazy? Very frustrating ...

ORLEN low today was $59

Orlen is a very special kind of company. It is a "spółka Skarbu Państwa" which means that the government has a deciding vote in it. The government may change its CEO overnight or tell them to buy a media company that has nothing to do with the core business of their as it actually has done for political reasons quite recently. It is a kind of company that you don't have in the US and thank God you don't.

I'd rather rue a missed opportunity with Orlen. [...] I forgot about it

You did because you didn't see an opportunity there. You've seen it only after it had actually happened.
OP johnny reb 28 | 5,248
16 Dec 2020 #118
What if you sell and the moment you have done it the stock starts to climb up like crazy?

You suck it up because you will never profit chasing a stock, in my humble opinion anyways.

Orlen is a very special kind of company.

Yes, I posted a great story about it in another thread about it. Here it is again.

reuters.com/article/pknorlen-media-idUSKBN28O2D4

I wouldn't touch a stock like that myself but delph may know more about it then me.

this time I won't let myself engage in pointless exchanges with forum idiots

I just consider the source Ziemow whether it be someone who has been drinking, a Liberal, a non believer in Christ, a PMSing man hater or just a Chatterbox loud mouth know it all.

After while you have them pegged and wonder where all their hate comes from.
At any rate, it is nice to have my intellectual Polish friend back posting.
delphiandomine 88 | 18,858
17 Dec 2020 #119
I wouldn't touch a stock like that myself but delph may know more about it then me.

It's basically a good stock "for the long term", but it's definitely not for the short term. The amount of interference in the company is ridiculous, but their plans (to create a de facto monopoly in the CEE region where the Hungarian MOL isn't present) isn't entirely a bad thing.

You did because you didn't see an opportunity there.

I just forgot, that's all! Nah, I saw that it was falling, and the last time I paid attention, it was down to around 43. I thought that I would jump on it at 40, but as a complete amateur, I didn't set up any sort of instruction for it. I won't make that mistake again :D

Johnny, you might find this interesting: gamespot.com/articles/cyberpunk-2077-developers-stock-is-taking-a-beating-in-poland/1100-6485512/ - it's a perfect example of why the Polish stock market is so immature.
OP johnny reb 28 | 5,248
17 Dec 2020 #120
@Delph
I finally had some time and checked that company out.
What is the stock symbol for it as I couldn't find it.
I need it to plug into my trading charts.
How much is it per share ?
Remember, the stocks that go down first come back first.
Ziemowit would be a much better guy to ask about Poland stocks.


Home / Off-Topic / Stock Market Talk 2020+

Please login or sign-up on the main page to post in this category!