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Stock Thread (14 Viewers)
- Thread starter St. Louis Bob
- Start date
BassNBrew
Footballguy
Yeah. Still up big, but stuck with a few hundred shares. I may exit on the next pop. If it drops below 95 cents, I'll exit.
skycriesmary
Climbing up the Walls
BassNBrew
Footballguy
Around there several times....
Sold at 1.47 on July 15
Sold at 1.34 on July 17
Sold at 1.34 on July 21
Sold at 1.67 on July 33
After reloading in the 1.28 to 1.31 range.
As long as I exit by 70 cents I should be up.
This used to be a real stick. Now it's headed towards a penny stock.
skycriesmary
Climbing up the Walls
Reason #1092 why I should just stick to leveraged ETF's, a balance of metals, bonds, and commodities. This hope and a prayer #### just ain't working.
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KGB
Footballguy
Premarket $419. Holy ####### #### Batman. Literally went through the $300s in a day. October couldn’t come here soon enough.
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McBokonon
Footballguy
beef
Footballguy
I'll continue to invest or build a cash nest to deploy on dips. I'll be at 2.25 after my refi i'm doing now and may pay a little more to the principle to make sure it's paid off by retirement, but way more will go into the markets since I'm pretty sure I can beat 2.25.
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BassNBrew
Footballguy
BassNBrew
Footballguy
The General
Footballguy
McBokonon
Footballguy
Sold some of the OESX that went up way faster than I ever could have imagined and started a small position, about a third, in NNOX. They have created a portable X-Ray machine that, upon FDA approval, they will give away and then charge per scan. The goal is to make X-Ray technology accessible to everyone in the world as opposed to now, where X-Ray machines and CT scans are cost prohibitive and huge.
FDA decision in the next few months, maybe? Anyway, it’s a gamble, but if it works as intended this could be huge. They have legit partners and surprisingly little debt for a company at this stage, but they also have the no revenue thing until they can deploy.
FDA decision in the next few months, maybe? Anyway, it’s a gamble, but if it works as intended this could be huge. They have legit partners and surprisingly little debt for a company at this stage, but they also have the no revenue thing until they can deploy.
Just for me. I bought ZM in a taxable account back in October 2019. On 10/16 (I believe), it turns into a long term capital gain so the tax difference for me is in the low 5 digits if I wait because most of my holdings right now are gains. A knock it out of the park last night pretty much ensures that I should wait because even a broader market dip should affect ZM less than the rest (I hope). If I do sell, it will be invested elsewhere.
Very pleasantly surprised for the past week, big strong moves the last few days. Only a few days ago I was posting that it was trying to make a new run at $13. Debating taking profits, but now that it has blown past that June Intraday high, who knows where the train stops.
Could see it pulling back from here and consolidating again. Will have to see what happens today, if it can keep from fading during the day seems like we could be in for additional moves up. If the sellers take over and it fades to the close, we may have seen a short term peak.
The General
Footballguy
I can't believe it but I'm back on the Onion! May have to hold it a bit longer this time.
The General
Footballguy
I have this one in my Retirement account so no tax implications. Would you be selling any today if this were the case my cost per share is in the 230 range and it has grown to be about 15% of that account.
Seems dumb not too shave off about half but so hard to sell these rocket ships.
Bob Sacamano
Footballguy
Seriously considering trimming DOCU position for the first time. This is insane.
STEADYMOBBIN 22
Footballguy
I get 95% of mine from a private source.
I get the other 5% from a guy who gets it through a dispensary. It’s not as good and roughly the same price.
STEADYMOBBIN 22
Footballguy
Lol, I’m ashamed the only thing I can contribute to this thread is weed info.
FML - Still reading and learning. Debt free (except for mortgage and one vehicle note,) around March 2021. Then I’m hopping in with two feet.
FML - Still reading and learning. Debt free (except for mortgage and one vehicle note,) around March 2021. Then I’m hopping in with two feet.
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I would absolutely think about selling some. My cost is $67 and I’m not nervous because you couldn’t ask for a better result and next earnings report is December. I think it will maintain and at worst not drop as far if there is a dip. Tech has been very solid earnings wise which is why it seems to have rotated back in favor. It’s kind of silly to call things tech and no tech since technology is so pervasive for even restaurants with all the to go and curbside service/delivery/future smart car/drone delivery.
I just can’t sell now because it’s basically a 20-25% instant drop and we just passed the potential pothole.
Don Hutson
Footballguy
Did you buy BLMN above $15? Right now seems like the time to sell to me. It isn't likely to go much higher but it could easily drop back to $11 to $13. And it's an even worse long term stock since restaurant dining will likely be closed in most of the US by November.
ConstruxBoy
Kate's Daddy
Exactly, that’s why I wonder about addressable markets for things that do exist already or potentially don’t benefit companies. If it’s new software and it saves companies money then that addressable market is a bit easier to predict. Pot stocks went through the moon because analysts just took the estimates illegal weed trade and added some extra for people who could try legal stuff that didn’t do illegal. The underlying assumption that the illegal market would go away was incorrect. Most pot stocks are down below where they were before the huge run up.
McBokonon
Footballguy
I finally trimmed some APPL. It hurt but I put the funds into something else and I'm still out of balance.
Steeler
Footballguy
I agree with this - it's trading ~20% over it's SMA(20) so I'm thinking about selling.
So mad at myself. Watched it in the 60s, saw it run up and go back to the 60s and never bought. Definitely one of the few I should have thrown in some cash at that I’ve watched for a while. That said, I agree on trimming. I definitely feel like the gut is telling me we have had a ridiculous pure tech run and there will be some dippage but damn if these run ups don’t bring me right back to the what are better sectors to be in right now?
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Don Hutson
Footballguy
Covid prospers in cold, dry weather. Covid rates aren't going to have to go up much before most state/local governments close indoor restaurant dining. It'll be one of the first things done.
It didn’t have any trouble in the summer. I think all the AC closed in spaces were just as bad.
Debating as well, but it's up ~25% in 4 days, everything will trade well above its moving average with those kinds of moves. I seriously think a return close to Pre-COVID levels is possible. This market is frothy and despite the rhetoric, I personally think there will be another stimulus finally passed by the end of this month so the politicians can point to it for elections which should goose things even more. I think we continue to see frothiness/exuberance until reality sets in more in the late Oct-Nov range.
Of course, my opinion and $5 will buy you a cup of coffee, that's about as much as it is worth.
The General
Footballguy
I did. If it goes down in the short term I'm confident it will get back here and go above eventually, just won't be flipping it in a week in that case may have to hold longer.
Bob Sacamano
Footballguy
I watched the early roller coaster. Every time it dipped below $50 I'd buy 1u. Every time it dipped below $40 I'd buy 2u. It's now an outsized position. In the same position with AAPL as @McBokonon, too, but it's AAPL. Even when it pulls back, I'm going to be OK continuing to hold, collecting the dividend, watching them buy back shares and expand services, replacing existing devices with 5G devices, and eventually we'll get back here.
I like DOCU. A lot. I'm especially curious to see what they can do with the Seal acquisition earlier this year. But that same confidence definitely doesn't exist.
Bob Sacamano
Footballguy
The only thing I've contributed to this entire forum for 20+ years is smart### remarks. Start with what you know. Nothing to be ashamed of.
Yep, some of these companies you feel good about them as a company but the stock prices have run a lot a lot. It’s more about whether or not you think they could beat the market the next 5 years when their market caps are now at numbers that a year ago you would have been happy to see in 3-5 years. I’ve got a 6 bagger in ZM and FSLY in less than a year and they aren’t penny stocks. FSLY I could see that again in 5 years based on their cap. Do I see ZM as a potential 700B company in 5 years? Not really, so likely trimming in October.
McBokonon
Footballguy
We might be in different stages and life situations. I'm still in full blown growth mode, no kids, nowhere near retirement. Dividends are kind of an afterthought to me right now. That said, AAPL is still almost 9% of our combined portfolio which is plenty and don't ask me about $SE.
Don Hutson
Footballguy
The people who have been making money on BLMN are the ones who have been buying it on dips. You are buying on a peak. And it's a stock that has a good chance of plummeting this fall. And it seems a short term correction to $11-$14 is going to force you to hold on to the stock through this fall's possible massive stock price fall.
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-OZ-
Footballguy
I was getting set yesterday to buy into Walmart. (Would have sold off some of my gains in my Roth IRA).
Oh well, just did our monthly update. Our FI number is higher than it ever has been. I'm on track to retire in 6 years (50yo) if we just contribute the automatic stuff (max Roth IRAs and TSP) and get 4% real return.
ConstruxBoy
Kate's Daddy
I don't know that any politicians have the will or capital to close indoor dining again, to be honest. Minus a huge (sorry, YUGE!) surge in infections and deaths.
Don Hutson
Footballguy
There will be pockets of the US like South Dakota and the Deep South where bars, restaurants, etc. might stay open for indoor activities. But in most of the country, the public will demand closures if Covid gets any worse. And politicians will follow what the public demands.
ConstruxBoy
Kate's Daddy
The General
Footballguy
Maybe. I'm due to get punished by the Onion. But has always made me money in the past this is the 5th time in. Definitely may have to hold longer this time. Hoping those upgrades it received will give it a push.
The General
Footballguy
I'm just drunk on Zoom explosion today as well. Probably shouldn't be buying anything for next couple of days 
-OZ-
Footballguy
Yeah, among my biggest investing mistakes was not dumping a load into zoom right when we first started talking about virtual meetings.I'm just drunk on Zoom explosion today as well. Probably shouldn't be buying anything for next couple of days
What was the catalyst for today?
