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Stock Thread (19 Viewers)

TSLA batt day will be talking about things a couple of years into the future.  stock down after hours.

 
KGB said:
TSLA batt day will be talking about things a couple of years into the future.  stock down after hours.
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I think people were expecting it sooner. The price has run up so much based on fluff stuff (revenue last 6 months is actually down from prior 6 months) that I think the shareholders were hoping for something to keep the price up. I like the company but the stock is way ahead of itself. I mean it went from $180 to $500 based on one thing that didn’t happen (S&P) and a split. It’s still at $450ish. That’s really rich and I wouldn’t touch that. It could go down to $300 and it would still be way up from February before the dip.

 
McBokonon said:
Muddy Waters out with a short report on NNOX now. Getting hammered. 
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Might have to jump in for a little more. Not mad about not selling on Friday after the bump, this will be a bumpy ride.

@McBokonon The SA article mentioned FDA resubmission in Q4, anything you heard about that process and dates? If that’s a bit away just wondering if any upside soon or just let us glide down a bit more before adding a little more?

 
Also, GameStop is up 20% pre-market because a guy who started Chewy and owns part of GameStop thinks they can compete with Amazon. The funniest part was saying that they might get into logistics as well. Seriously? How would you compete without it? I know he’s got a good background but GameStop has literally nothing to start with to compete. Really wondering if this is a complete pump and dump. It’d be just as silly for them to say that they refurb iPhones so they are going to compete with Apple.

 
stbugs said:
Also, GameStop is up 20% pre-market because a guy who started Chewy and owns part of GameStop thinks they can compete with Amazon. The funniest part was saying that they might get into logistics as well. Seriously? How would you compete without it? I know he’s got a good background but GameStop has literally nothing to start with to compete. Really wondering if this is a complete pump and dump. It’d be just as silly for them to say that they refurb iPhones so they are going to compete with Apple.
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They are going to buy up all the Amazon Benz's for pennies on the dollar when Bezos goes drone.

 
FishNSuds said:
They are going to buy up all the Amazon Benz's for pennies on the dollar when Bezos goes drone.
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It’s just comical and reminds me of Milton from Nikola and we’ve seen how that goes. Milton used Amazon’s name to say they would be the EV company like them and were worth $100B. This guy basically saying GameStop will compete with Amazon is a huge red flag. I’d be dumping at a 20% pop. People who own the stop should rethink their investment. Luckily there are RHs to eat it all up thinking that GameStop could go to $3k SMH.

 
stbugs said:
Might have to jump in for a little more. Not mad about not selling on Friday after the bump, this will be a bumpy ride.

@McBokonon The SA article mentioned FDA resubmission in Q4, anything you heard about that process and dates? If that’s a bit away just wondering if any upside soon or just let us glide down a bit more before adding a little more?
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They got asked for additional information in March right when shutdowns happened and submitted the requested info within the last month or so. The CEO is presenting at an Oppenheimer conference right now and is still targeting first quarter of 2021 for first deployment.

 
FishNSuds said:
Out of the last of my FLGT sans one share for almost a 40% gain.
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Can’t believe I wasn’t part of that run up. I’ve had some stinkers like LK and holding onto CYDY too long, but my biggest mistakes were selling some of my winners too early like TWLO, TTD and FLGT. I made money on all except some TWLO but at least I still have a bunch of the other two. That $5 test scared me a bit. Not really sure what’s propped it back up but when it dipped below where I sold it, I should have bought back in even half.

 
stbugs said:
Can’t believe I wasn’t part of that run up. I’ve had some stinkers like LK and holding onto CYDY too long, but my biggest mistakes were selling some of my winners too early like TWLO, TTD and FLGT. I made money on all except some TWLO but at least I still have a bunch of the other two. That $5 test scared me a bit. Not really sure what’s propped it back up but when it dipped below where I sold it, I should have bought back in even half.
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You'll get another chance.  This stock has had some crazy ups and downs driven by nothing.  I may have sold too early, but I've been getting burned lately not taking profits.  Had a string of stocks that I took profit on too early during earnings and started holding things a little longer.  That cost me yesterday on NNOX when I passed on a 5% profit in 5 minutes and now am sitting on a 20% loss.  More often than not, you get another chance to buy (sans Tesla).  I'm not going to kick myself over missing those stocks.  There are hundreds of stocks to trade so it's not that big of a deal missing out on a few.

 
Taking my own advice above and selling my Beyond on the 8% pop today.  It's nearing 52 week high and I'm up 23%.  It's been above and below my entry point several times and seems to swing widely.  I think I'll be able to get back in cheaper, but if not, on to something else.

 
I wonder if volatility will start decreasing. The market has been entertaining for a lot of people this year. When the market seems to be in a sideways pattern, which amazingly does happen, will we lose investors that aren’t interested or decide to be more passive.

 
stbugs said:
I wonder if volatility will start decreasing. The market has been entertaining for a lot of people this year. When the market seems to be in a sideways pattern, which amazingly does happen, will we lose investors that aren’t interested or decide to be more passive.
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Hopefully they are giving all their money to Draftings at a 19% rake.

 
stbugs said:
I wonder if volatility will start decreasing. The market has been entertaining for a lot of people this year. When the market seems to be in a sideways pattern, which amazingly does happen, will we lose investors that aren’t interested or decide to be more passive.
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I do think we are seeing a substantial element of people playing in the market more because of other forms of entertainment being unavailable. Sports coming back online helps with that, but we are far away from a lot of events reopening.

Another item I haven't seen discussed much is the savings rate being so elevated. Obviously there have been a lot of COVID related bad economic impacts, but there is a class of people who are keeping their same incomes while seeing a lot of expenses drastically decrease. I know I'm there and I suspect a lot of us tracking the market in this thread each day are in the same boat. Further, the data supports this is happening broadly: https://fred.stlouisfed.org/series/PSAVERT. People are going to be investing a lot of this into the markets with rates so low.

So, to a large extent, I think we are going to continue to see both volatility and "stretched" valuations. for the coming months.

 
Desert_Power said:
I do think we are seeing a substantial element of people playing in the market more because of other forms of entertainment being unavailable. Sports coming back online helps with that, but we are far away from a lot of events reopening.

Another item I haven't seen discussed much is the savings rate being so elevated. Obviously there have been a lot of COVID related bad economic impacts, but there is a class of people who are keeping their same incomes while seeing a lot of expenses drastically decrease. I know I'm there and I suspect a lot of us tracking the market in this thread each day are in the same boat. Further, the data supports this is happening broadly: https://fred.stlouisfed.org/series/PSAVERT. People are going to be investing a lot of this into the markets with rates so low.

So, to a large extent, I think we are going to continue to see both volatility and "stretched" valuations. for the coming months.
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When that money comes in may be when things get less rosy. It’s amazing how the last one folks tend to do poorly. All the inflows and then a vaccine works and people start taking out that money to get that car they put off or buy that house they want or remodel, etc.

I didn’t open your article and I honestly don’t remember the numbers but I wonder how much of the stimulus went into the savings increase. If a lot, then that savings rate may just be temporary. Also, how much is due to forbearance or landlords being nice since so many people are actually struggling?

 
stbugs said:
I didn’t open your article and I honestly don’t remember the numbers but I wonder how much of the stimulus went into the savings increase. If a lot, then that savings rate may just be temporary. 
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We put all of our stimulus into savings. But then I took some of that and put it into opening up a brokerage account just so I could learn about this stuff.

So far I've made a little bit of dough on that money. 

 
For those who prefer ETF's (I think @-OZ- does) I just discovered this fairly new one: $QQQN

There's a lot of the high-flyers we're familiar with - here's the website where you can download the entire holdings list

I don't really do ETFs but I like looking at these things for new stock ideas, stocks I haven't heard of, etc.

Here's a quick write up I took from TD:

With Thursday's debut of the VictoryShares Nasdaq Next 50 ETF (NASDAQ: QQQN), the Q-50 Index finally has an ETF linked to it. “Finally” because the NDX proving ground is nearly 13 years old.

“The Index is comprised of 50 securities ranked by market capitalization and reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade, and biotechnology. It does not contain securities of financial companies including banking and investment companies, as these are ineligible for NASDAQ-100 Index inclusion,” according to Nasdaq Global Indexes.

Why It's Important: Reminding investors that past performance doesn't guarantee future results is particularly relevant with QQQN, but it's worth noting some previous Nasdaq Q-50 members went on to become story stocks, including Facebook (NASDAQ: FB), Netflix (NASDAQ: NFLX) and, this year, Moderna (NASDAQ: MRNA).

Top holdings in the new QQQN included Marvell Technology (NASDAQ: MRVL), Old Dominion Freight Line (NASDAQ: ODFL), Okta (NASDAQ: OKTA) and Atlassian (NASDAQ: TEAM).

The NASDAQ Q-50 Index is currently home to 48 securities, not 50.

“The Nasdaq Q-50 Index has been live and proven for more than 10 years. Its methodology aligns with the innovation and growth focus behind the time-tested Nasdaq-100 Index, but with an emphasis on forward-thinking companies on the vanguard of market leadership and technological advancement,” according to Victory Capital.

What's Next: Given the market capitalization range of many of QQQN's smaller to medium-sized components, the new ETF can be an alternative to traditional mid-cap strategies. Since its inception, the Q-50 Index nearly doubled the performance of the Russell Midcap Index.

Like the Nasdaq-100, QQQN and the Q-50 Index are heavy on technology stocks. That sector accounts for 45.73% of the new ETF's weight with health care and industrial names combining for almost 32%.
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Anyway, just passing this along.

 
McBokonon said:
For those who prefer ETF's (I think @-OZ- does) I just discovered this fairly new one: $QQQN

There's a lot of the high-flyers we're familiar with - here's the website where you can download the entire holdings list

I don't really do ETFs but I like looking at these things for new stock ideas, stocks I haven't heard of, etc.

Here's a quick write up I took from TD:

Anyway, just passing this along.
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This one recently came across one of my news feeds and I forgot to go back and check it out.  Sounded interesting.  Cover the next 50 Nas companies after the top 100.  Appreciate the reminder.  

 
@FishNSuds @stbugs what are your thoughts on HCCO?

It's a telehealth SPAC which combines two hot markets.  Share price is still sitting at almost the offering price at 10.37 with only a few cents downside if the merger fails to go through.

Seems like this one may be ripe for a pop with some PR soon.  Just guessing but I bought a handful with what I think is relatively limited downside.

 
FreeBaGeL said:
@FishNSuds @stbugs what are your thoughts on HCCO?

It's a telehealth SPAC which combines two hot markets.  Share price is still sitting at almost the offering price at 10.37 with only a few cents downside if the merger fails to go through.

Seems like this one may be ripe for a pop with some PR soon.  Just guessing but I bought a handful with what I think is relatively limited downside.
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Thanks....in.  

 
FreeBaGeL said:
@FishNSuds @stbugs what are your thoughts on HCCO?

It's a telehealth SPAC which combines two hot markets.  Share price is still sitting at almost the offering price at 10.37 with only a few cents downside if the merger fails to go through.

Seems like this one may be ripe for a pop with some PR soon.  Just guessing but I bought a handful with what I think is relatively limited downside.
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Honestly, there are way more SPACs than I thought. I’m planning to go after the ones where they have a good track record already. I think that better companies will hook up with the ones with better management/prior success. As I mentioned before it seems like the SPAC IPOs have been decent companies versus real IPOs that have some real dogs and also stars. The stars that can keep repricing will do an IPO because they can get more like SNOW. 

 
FreeBaGeL said:
@FishNSuds @stbugs what are your thoughts on HCCO?

It's a telehealth SPAC which combines two hot markets.  Share price is still sitting at almost the offering price at 10.37 with only a few cents downside if the merger fails to go through.

Seems like this one may be ripe for a pop with some PR soon.  Just guessing but I bought a handful with what I think is relatively limited downside.
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Up to 17 of these now. 😀

 
FreeBaGeL said:
@FishNSuds @stbugs what are your thoughts on HCCO?

It's a telehealth SPAC which combines two hot markets.  Share price is still sitting at almost the offering price at 10.37 with only a few cents downside if the merger fails to go through.

Seems like this one may be ripe for a pop with some PR soon.  Just guessing but I bought a handful with what I think is relatively limited downside.
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$10.35 and $10.31

Was fishing for the HCCOU and one share of a 20 share order came in at $11.25.

 
Closed my UVXY positions with gains of 4.5% and 7.2%. Missed better selling opportunities, not really feeling it. Now 9/13 on trades for the year.

 
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