MARKETS,Anybody even yet?

[dinghy]

I'm a day trader now. The GDXJ buy was about one hour before the sells.

I'll probably have another buy opportunity before session end.

[olds442jetaway]

I blew out my sqqq for a whopping 7 point gain at market open. Just pure luck and listening a bit to Elon Musk. I do have a couple of buy ordersin though. They should go thru before close or if there is a weak open tomorrow. I never listen to high price Harvard Advisors my siblings have. They have cost my brother and sister plenty already. Looks like my Pru order just went thru! May have to hold awhile and collect the dividends

[FAA]

$98 is basically Pru 52 week low. Just sit and collect. Had I opted for vanilla advisory route, I’d be in half the trouble. The greed prevailed on Greed/Fear continuum.

[dinghy]

The greed prevailed on Greed/Fear continuum.

I got greedy on Treasuries, apparently. I'm all in, and they're still going down.

For today's +/- challenge, I had three stock holdings on the + side. Best was GORO Gold Resource Corp, +19%. My one double-digit loser was STNE StoneCo, -10%. That one hurts because a few days ago I mentioned it posted an earnings beat and was trading near 12.75 after-hours. I waited to sell because I didn't like the bid-ask spread, and today it finished at 9.07.

[olds442jetaway]

Check out Drive Shack preferred B. 10 percent dividend. Am an owner of this for some time. DS-PB.

[olds442jetaway]

When I say some time, I guess I lost track of how time flies. I have owned DS-PB since 2007. Believe it or not, it was up today even with today’s sell off. They have an interesting business if anyone cares to check it out.

[dinghy]

They have an interesting business if anyone cares to check it out.

It's a fancy (golf) driving range, yes? Are you considering the common? There's some chatter about insider buying, which is usually a good thing.

I wouldn't have any idea how to assess the preferred shares.

[olds442jetaway]

For everyone! Beware of big one day upsides. They are almost twice as likely to happen in a bear market. Even more so with Nasdaq!
As to the preferred, of course they have priority over a Common shareholder. Important if there is ever a bankruptcy. Also they mainly are dividend plays. One way to help value preferreds is with the Gordon Growth Model. Also there is much more info available on Investopedia.

[dinghy]

Beware of big one day upsides.

As I write, Bitcoin is careening toward 27k, so I have to think the odds favor a lower stock market open Monday morning. Let's see how BTC finishes the weekend.

Also they mainly are dividend plays. One way to help value preferreds is with the Gordon Growth Model.

Yes, the idea is to basically add up the dividend stream with appropriate discounting. But you have to look at the fine print because preferred shares have different types and characteristics, whereas common shares are more standardized.

[dinghy]

Crypto crash is trending on Twitter.



Warren Buffett said Mr. Market is kind of a drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he gets really enthused, you sell to him and if he gets depressed you buy from him.