mathjak's daytrading adventures

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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » Sat Mar 28, 2020 4:37 pm

High yield is starting to look very attractive....the market is pricing like every company is going to default ....we saw this a few years ago when oil was on the rocks ......high yield soared ..... I will be taking a decent size position this week in Fidelity Sphix ...I want only managed when it comes to high yield
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Re: mathjak's daytrading adventures

Post by pmward » Sat Mar 28, 2020 8:44 pm

That's a ballsy move, as a mass default and corporate deleveraging is a real possible outcome of this. How are you sizing it? Is it a small percentage moonshot or are you putting decent size behind it?
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mathjak107
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Re: mathjak's daytrading adventures

Post by mathjak107 » Sun Mar 29, 2020 2:13 am

pmward wrote:
Sat Mar 28, 2020 8:44 pm
That's a ballsy move, as a mass default and corporate deleveraging is a real possible outcome of this. How are you sizing it? Is it a small percentage moonshot or are you putting decent size behind it?
prices reflect a huge amount of defaults already .likely far far more then actually will pan out . they lost as much or more than stocks did.

last time oil fell in 2016 the high yield market sold off like now .... for the year my fidelity high yield fund was up 19% while equities were up less ...

it is a crazy market and sell offs tend to be way over done . interest rates are in the 6% range so it has quite a cushion for a bit more down .
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Re: mathjak's daytrading adventures

Post by mathjak107 » Tue Mar 31, 2020 12:07 pm

bought some hyg... it is paying a crazy rate of interest for the risk
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Re: mathjak's daytrading adventures

Post by Kriegsspiel » Tue Mar 31, 2020 12:11 pm

What does HYG do, sell fluffy sweaters and comfortable fireplaces?
All of humanity’s problems with coronavirus stem from a man’s inability to sit quietly in a room alone.
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Re: mathjak's daytrading adventures

Post by amdda01 » Tue Mar 31, 2020 12:15 pm

Are you planning on holding - or quick turnaround?
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Re: mathjak's daytrading adventures

Post by mathjak107 » Tue Mar 31, 2020 1:00 pm

I will see ... at these interest levels on it in a zero world I have quite a cushion ....I am going to shift a major bond position of my portfolio over to fidelity high income maybe Thursday or Friday and I may just put this towards that position
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Re: mathjak's daytrading adventures

Post by mathjak107 » Tue Mar 31, 2020 1:02 pm

Kriegsspiel wrote:
Tue Mar 31, 2020 12:11 pm
What does HYG do, sell fluffy sweaters and comfortable fireplaces?
They are high yield bonds which are way over sold in my opinion and interest rates on them are very attractive ....the market priced them like equities and they saw the same drop...as usual the markets over react most likely
Last edited by mathjak107 on Tue Mar 31, 2020 1:17 pm, edited 1 time in total.
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Re: mathjak's daytrading adventures

Post by mathjak107 » Tue Mar 31, 2020 1:11 pm

Also bought Gld today 335 shares 149.35.. still have an open limit order on uso at 4.04
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Re: mathjak's daytrading adventures

Post by amdda01 » Wed Apr 01, 2020 8:53 am

Good timing on TLT - up 2.32% already.
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Re: mathjak's daytrading adventures

Post by mathjak107 » Wed Apr 01, 2020 9:02 am

i may decide to let it play out longer than a quick pop
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Re: mathjak's daytrading adventures

Post by amdda01 » Thu Apr 02, 2020 12:50 pm

Did you get in on USO?

Almost +16% today.

Also, Bitcoin almost +20% today!
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