Stocks and Trading Thread - Channeling your inner Mono

[Monoriu]

Some impressive rallies last couple days.

I hate these.  I am assembling a cash fund to buy low, so I want the stock market to enter free fall.  Pay day for August is coming up 

[MadImmortalMan]

We'll be back there. 

Anyway, with Macau down 20 I'm selling short some gaming companies.

[Admiral Yi]

Rally over.  Mono pleased.

[Phillip V]

I closed out my 1-week oil speculation this past Friday for a 17% gain.  Now, I have the cash waiting for another go.

[Admiral Yi]

Short I assume?

[Monoriu]

Beijing State-owned Assets HK Management Company Limited is offering US$ bonds at 4.3% yield.  10 years until maturity. 

[Admiral Yi]

Not yet.  Wait for the Fed to raise rates.

[Monoriu]

Not yet.  Wait for the Fed to raise rates.

I've been waiting for, what, 7-8 years now for the US to raise rates.  All I get are delays after delays.  They always have some excuse not to do it.  I imagine that they may say, oh we were REALLY planning to do it, but because China is slowing down we have to reconsider blah blah blah.  I am sick and tired of their [expletives deleted] excuses.  I am glad that I did not wait when I bought the bonds that I own now. 

[Admiral Yi]

OK, don't wait.

[Monoriu]

OK, don't wait.

Wanda Properties is offering bonds with 5.6% yield, 9 years to maturity.  Wanda is owned the one of the richest men in China, and is...linked with Jia, an ex-Politburo Standing Committee member and ex-Chairman of the Political Consultative Conference.  Previously that should be considered safe, but the unspoken rule that ex-Politburo Standing Committee members might never be prosecuted, no matter what crimes he might have committed, was broken just a few months ago.  So I am not too sure. 

This probably belongs to the tabloids, but Wanda made international news because they tried to pull down some historical building in Madrid but faced strong political opposition. 

[Admiral Yi]

I thought you were storing up manna to buy into the US dip?

[Monoriu]

I thought you were storing up manna to buy into the US dip?

More like stocking up to buy into the HK dip.  The HK market has dropped 25% from the highs.  That's a much bigger decline than the US one.  But I like to keep my options open.  Checking the bond yields takes 3 minutes. 

[Monoriu]

Ok, I have received the dividends and interests, and it is time to buy again.

I have Century Tel, General Electric, HCP, Mattel, Philip Morris, AT&T, Royal Dutch Shell, Mid Cap ETF and S&P500 ETF. 

Any recommendations?  I can pick three this time. 

[Admiral Yi]

Fun fact Mono, GE has been a component of the Dow Jones 100 since its inception.

Anyone else own Wally World?  They've been in a death spiral, starting approximately the time it was announced Amazon had a higher market valuation than they did.  I've given back all my gains since I bought in at the trough of the Greatest Recession Evah.

[Monoriu]

Fun fact Mono, GE has been a component of the Dow Jones 100 since its inception.

I've heard that it is the only company left