MARKETS,Anybody even yet?

[olds442jetaway]

[dinghy]

Been researching stocks today and I've got one more purchase lined up for Monday morning. So far we've discussed blue-chip stocks such as PRU and INTC. This pick is more of a "cow-chip" stock. Anyone recognize this chart?



It's YPF, the major oil company of Argentina.

This one should be either a quadruple or a wipeout.

[FAA]

Yeah, wth. Throw a few bucks on it. It won't kill an investor, anyway.

[olds442jetaway]

One more I may buy. I like and I have done well years ago with it. High p/e for the moment.

[dinghy]

One more I may buy. I like and I have done well years ago with it. High p/e for the moment.

Are we still talking about YPF? It's an obscure stock (technically an ADR), although it was higher profile in the past.

I'm confused on the numbers. Not long ago, earnings were negative. Current numbers assume barely positive earnings which translates to a huge p/e as you mentioned. But the presumed forward p/e is low single digits, and other ratios are low such as price/sales and price/book.

Lots of risks in Argentina. A few years ago they elected a communist who (re-)nationalized the company and spent all the profits on hair spray. Also I think the government has price controls ongoing, and there's always the risk of windfall profit tax impositions.

[dinghy]

Bought YPF at 4, then again at 3.92.

Tried to buy INTC pre-open at 43.50 but the spread was too wide.

Also buying a falling knife special: XBI Biotech ETF. How's this for a chart?

[olds442jetaway]

No problem getting INTC now if you still want it. 43.17. pru slowly sinking 105. Good. Waiting for 99. Oing a wait and see on AMD. 85.58 right now.

[dinghy]

No problem getting INTC now if you still want it. 43.17.

Thanks. I did buy a little, but I'm distracted by other stuff that's more beaten down.

Bought some BMA Banco Macro (Argentina):



The idea is that South America will benefit from the poo flinging between NATO and Russia. Both Brazil and Argentina have Russia-type natural resource economies. I already own some Brazil, but it's a little higher priced imo because Bolsonaro is viewed as friendly to industry.

[wildman49]

Still like Sqqq here no end in sight for selling to stop. The FED going to have to stop the rate hikes or the bleeding will not stop.

FED fund rate in 1980 was 18% ran it to zero by 2009 can't just raise half a point a month over and over and think the market going to hold up. Half a point a year maybe.

[olds442jetaway]

Exactly. Back then, we had only a little money, but we did get a couple of small 18.25 percent CDs. Fed is on track to raise several more times this year. I already told my brother and sister we are heading back to Jimmy Carter days, except this time the banks aren’t going to be paying squat for CDs. I am going to watch for a bear market rally and probably pick up some SQQQ then.