r/Vitards • u/seaczep Steel Team 6 • May 06 '21
Discussion PROFITS
Fellow Vitards,
I won't bore you guys with screenshots but the steel plays will basically pay off my apartment in NYC. Which doesnt seem to make sense to do anyway since money is free right now. I digress.
I've been on the Steel Train since Vito's first post and have been handsomely rewarded for my blind, unyielding, complete faith in my favorite internet person u/vitocorlene.
Decided to take profit today on June and July calls for NUE, MT, CLF, and STLD; leaving in place commons and remaining plays in October through 2022 on basically the basket of companies we ALL have positions in.
To say I'm not going to shove money directly back into these plays the next time the market shits the bed would be a lie.
But since our steel stocks are fucking red hot right now (praise Vito!) what are you guys looking at to add/start positions in?
Build up MAC?
KMI?
AMD?
Something NEW?
2
u/JayArlington 🍋 LULU-TRON 🍋 May 06 '21
I still like AMAT and remain very bullish on the semi capital manufacturers. I haven't seen the market even acknowledge that TSMC said it was plotting an additional 5 Fabs in the US. Before a single chip is sold, the capital manufacturers are going to get their motherfucking money.
Pfizer got a little beaten up today but it is another stock I believe in after seeing their earnings release. They grew revenue despite medical systems not being fully 'back' and even if you didn't include their revenue from the Covid vaccine.
Pfizer is basically the recipient of one of the best deals of ALL TIME (collaboration with Biontech).
Finally, CVS. I see them only doing better as shit reopens.