Oops, down a little at close. Still lots of cash so may have to take a little bit more of a dip if it drops again.
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Stock Thread (14 Viewers)
- Thread starter St. Louis Bob
- Start date
Capella
Footballguy
Lol. It’ll jump but it’s gotta be a while before it gets back to 2k yes? That’s like 15%. Guess anything is possible with this stock. Wild ride.
The only benefit in the next two years is that when we vest, it’s taxed at income tax rates so a gain after is capital gains. The money I put in today is IRA money so that’s very long term, other is two plus years at minimum. Definitely more near term but first year of college being next year and covered means I don’t need the non-IRA.
Who knows on the length. If they blow the doors off earnings like the last few quarters, will it go up a lot or not much?
fantasycurse42
Footballguy Jr.
sbonomo
Footballguy
Bossman
Footballguy
I was holding 800 shares @ $28.65 for the past 2 weeks ... while it hovered around $27
Sold all of them @ 29.15 at the start of this crash for a minuscule $400 profit ... and at the time was glad to have got that much.
Would have been a $10,000 profit had I held them til today.
Capella
Footballguy
I saw that.
Bad timing. If it was last week, it wouldn’t be a big deal. From the announcement, it looks like a very amicable separation where she’s taking a step up (CEO at another company). I’m sure she’s fully vested and she’s staying for two months to transition. Again, bad timing because CFOs/CEOs leaving sometimes denotes bad things.
I’m good with it, because I like the stock and getting the exact bottom is hard. I’m just glad I didn’t pull the trigger the past couple days.
fantasycurse42
Footballguy Jr.
https://i.imgur.com/n3SbEJL.png
Looking at other plunges this year, I'd think if you're looking to buy, I'd wait for one more big down day within the next week.
Examples:
2/2, 2/5 & 2/8
3/22 & 3/23
4/2 & 4/6
Looking at that, you'd think after a day like today, there could be a relief rally and another plunge. If you are a buyer here, looking at earlier activity like today, you wait upwards of 3-5 sessions for one more big plunge before opening the checkbook.
Just my
Looking at other plunges this year, I'd think if you're looking to buy, I'd wait for one more big down day within the next week.
Examples:
2/2, 2/5 & 2/8
3/22 & 3/23
4/2 & 4/6
Looking at that, you'd think after a day like today, there could be a relief rally and another plunge. If you are a buyer here, looking at earlier activity like today, you wait upwards of 3-5 sessions for one more big plunge before opening the checkbook.
Just my
fantasycurse42
Footballguy Jr.
https://www.cnbc.com/2018/10/10/trader-sees-a-perfect-buying-opportunity-for-amazon.html
This article was published when AMZN was $1,860 a day ago.
Trader sees perfect buying opportunity for Amazon
This article was published when AMZN was $1,860 a day ago.
Trader sees perfect buying opportunity for Amazon
St. Louis Bob
Footballguy
Only saving grace is how much I took off the table.
St. Louis Bob
Footballguy
Mystery Achiever
Footballguy
Sorry about the timing. She's leaving to be CEO of Nextdoor. The downside is, that with Dorsey CEOing two companies, she's viewed as providing some back up, so more valuable that standard CEO.I saw that.
Bad timing. If it was last week, it wouldn’t be a big deal. From the announcement, it looks like a very amicable separation where she’s taking a step up (CEO at another company). I’m sure she’s fully vested and she’s staying for two months to transition. Again, bad timing because CFOs/CEOs leaving sometimes denotes bad things.
sbonomo
Footballguy
This is exactly what is was thinking. Sitting in the cash from all my TSLA puts to put into bargains. I am debating buying amazon calls and Netflix calls at open with the ultimate goal of owning the stick after another correction. We’ll see later tonight.https://i.imgur.com/n3SbEJL.png
Looking at other plunges this year, I'd think if you're looking to buy, I'd wait for one more big down day within the next week.
Examples:
2/2, 2/5 & 2/8
3/22 & 3/23
4/2 & 4/6
Looking at that, you'd think after a day like today, there could be a relief rally and another plunge. If you are a buyer here, looking at earlier activity like today, you wait upwards of 3-5 sessions for one more big plunge before opening the checkbook.
Just my
No worries, still got a lot more to put in play. I’ll watch to see where it and others go.
fantasycurse42
Footballguy Jr.
If you love it and you’re holding it forever, don’t even look, tougher said than done. If it falls more, hopefully you scaled and can scale some more.
Good luck!
fantasycurse42
Footballguy Jr.
Can we talk Amazon?
Weve got a bunch of collective minds in here, we all love the stock. We’re all also probably looking for a larger piece, so how is everyone going to play it?
I’ll share my thoughts tomorrow afternoon, busy busy morning. I’m not buying as of yet (which after looking at the data below, I kinda wish I nibbled in the 1730’s after hours), I’m looking for capitulation. We saw it last time this sold off, I’ll look at the chart and see the peak to trough drop percentage, a number prob worth noting too.
ETA:
2/2 1498 daily high
2/9 1265 daily low
Drop around 15.5%
3/13 1617 daily high
4/2 1355 daily low
Drop around 16.2%
9/4 2050 daily high
Today 1755 daily low
drop around 14.4%
It looks like the time is close.
Weve got a bunch of collective minds in here, we all love the stock. We’re all also probably looking for a larger piece, so how is everyone going to play it?
I’ll share my thoughts tomorrow afternoon, busy busy morning. I’m not buying as of yet (which after looking at the data below, I kinda wish I nibbled in the 1730’s after hours), I’m looking for capitulation. We saw it last time this sold off, I’ll look at the chart and see the peak to trough drop percentage, a number prob worth noting too.
ETA:
2/2 1498 daily high
2/9 1265 daily low
Drop around 15.5%
3/13 1617 daily high
4/2 1355 daily low
Drop around 16.2%
9/4 2050 daily high
Today 1755 daily low
drop around 14.4%
It looks like the time is close.
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Capella
Footballguy
Good info. How quickly did it take for it to rebound to its high?
Unfortunately I bought some more around 1850 the other day I think so I’m out of luck here.
No worries. I’m down a lot less than if I hadn’t been in cash the whole time. I will be watching because a further dip might be worth investing the rest of the cash.
Sand
Footballguy
Sand
Footballguy
NotSmart
Footballguy
Are you looking at Visa for a particular reason?
I would like to take advantage of today's quasi-carnage with a few quality stocks.
Also considering AMZN.
NREC34
Footballguy
I was wrong. It went down more.
V is a good stock and it’s definitely going to rebound. I’m thinking about buying.
fantasycurse42
Footballguy Jr.
Think we see a reversal and finish green today.
fantasycurse42
Footballguy Jr.
FOMO dip buyers will step in today, then they’ll get punished earlier next week, then I’ll start scaling in, think that’s my plan.
NREC34
Footballguy
fantasycurse42
Footballguy Jr.
If I was buying today, I’d be doing so tepidly and leaving enough powder to add at least 2x more to my position.
BassNBrew
Footballguy
fantasycurse42
Footballguy Jr.
Anyone’s guess is as good as mine, but I think traders will get chopped up today in some up & down action that ultimately leads to a rally to finish the day off.
fantasycurse42
Footballguy Jr.
I’m a fan, but I think this one comes down to trade war (& sentiment). I want to buy, but as long as that remains murky, this stock doesn’t have a ton of room to run.
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fantasycurse42
Footballguy Jr.
STWD. Saw the CEO on an interview with Cramer, very sharp guy, loved what he was selling.
9% dividend, but appears very well positioned company. Think that’s gonna be a long term hold for me at some point.
Id recommend some DD for everyone for a high yield financially secure company that appears very well run.
9% dividend, but appears very well positioned company. Think that’s gonna be a long term hold for me at some point.
Id recommend some DD for everyone for a high yield financially secure company that appears very well run.
Bossman
Footballguy
Have an order in for 10 more at 1685 ....
I think I just missed it as it came down to 1690 and bounced back to 1750.
Dang.
culdeus
Footballguy
1663 is the support level. A break from that has it as maybe 1420?
Note: I'm an amateur technician.
Bossman
Footballguy
came down to 1685.99 ... did not trigger. Still early though.
Pretty cool situation for me as I sold 40 shares of amzn for $1865 a month ago.
Was regretting it when it grew to well above 2k. Now, not so much.
ericttspikes
Footballguy
Singles Day in 4 weeks seems like a good short term catalyst. I've been nibbling and started a long-term position. I like buying negative sentiment.fantasycurse42 said:
fantasycurse42
Footballguy Jr.
Just put in a buy order for AMZN around $1620. Possible we might get some capitulation very shortly.
Like to have the bottom feeding order out there, just in case.
Like to have the bottom feeding order out there, just in case.
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