Big League Chew
Footballguy
XELA killing it again today
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Stock Thread (17 Viewers)
- Thread starter St. Louis Bob
- Start date
Big League Chew
Footballguy
looks like a buy the dip opp on MRIN
Al Czervik
Not wearing pants
Good luck. Worried that it is trending down. And no volume on the one min candles to push back up.
ETA - Wedge forming. Seeing $15.75 as important level for breakout or breakdown.
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beef
Footballguy
BKNU is doing it again. Dropping 5% in a day. It's that trigger that usually gets me to start dipping in for more but I have enough of it to keep me happy right now. Not sure you'll get as quick of a 10% gain this time, but it's trending in that direction.Thanks for the BNKU recommendation - in and out for a 10% gain the last couple of days
JB Breakfast Club
Footballguy
I want some individual weed company exposure. I know TLRY and SNDL are meme darlings, but I went with GRWG after about 30 minutes of research. They seem to have good infrastructure to ramp up production when additional states come on board. Are there others I should look at for small positions?
Bob Sacamano
Footballguy
identikit
Footballguy
Bob Sacamano
Footballguy
McBokonon
Footballguy
identikit
Footballguy
ericttspikes
Footballguy
Big fan of Cresco Labs Inc. (CRLBF) here in IL. I have no idea if the stock is any good, but I like their product. They are in every dispensary around here, and I think have their own branded dispensaries too. I wanted to buy a chunk around $5 a while back but it's OTC and I'm not on any platform that will allow trading it.
@McBokonon GLBE doing well but damn it’s really expensive now. Something like 60-70 times sales and that’s not including 25M warrants/options (half Shopify and half employees). Those warrants/options are likely all in the money now and put the “real” market cap over $10B or close to 90 times sales. That’s rich.
The Man With No Name
Footballguy
23andME finally has 1 analyst covering it.
Citigroup has it as a buy with a $14 price target.
Citigroup has it as a buy with a $14 price target.
identikit
Footballguy
McBokonon
Footballguy
Yep. Glad I bought when I did. I have a cost basis around $32 and actually sold 1/3 now and keeping the rest.
It DID pull back from its highs around 20% but it roared right back. Earnings are 08/03, maybe they'll sell the news. I'm adding at that point either way unless they report something horrific.
Bob Sacamano
Footballguy
Lol. I did buy 6 shares (should have bought more) of that last March at $325. That said when it was at $1000, I was pretty shocked to see that it was not quite $2B in sales for $120B market cap.
I may dump my SHOP and wait for 8/3 and put it in GLBE. SHOP at almost $200B makes me as nervous as Tesla at $8-900B. Amazon has done highly profitable businesses in addition to e-commerce and it’s P/S is around 4, not 60.
McBokonon
Footballguy
I own $SHOP, too. I wouldn’t be shocked if they take $GLBE out eventually and they might have even tried already.
Bob Sacamano
Footballguy
So you're saying SHOP's an even bigger bargain before they layer that P/S on top of their existing one. Downright cheap!!
KGB
Footballguy
Punxsutawney Phil
Footballguy
Bossman
Footballguy
McBokonon
Footballguy
$GLBE just keeps on trucking. The only thing that can prevent a violent pullback, IMO, is if they report a dramatic increase in clients based on their Shopify partnership. Basically, if a lot of sellers activated the GLBE option and began selling internationally. Even if it’s early and the valuation isn’t impacted yet you at least might be able to project that growth.
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JB Breakfast Club
Footballguy
Bob Sacamano
Footballguy
Have we officially reached the "dump FLGT all the way up to earnings because nobody needs COVID tests anymore, and we're afraid what they report will make them a $1B company with $1B in cash" part of the show?
urbanhack
Fight The Power!
Bob Sacamano
Footballguy
I'm a fan. I'm not dumping mine, and I'm still looking for opportunities to write puts when it makes sense. Though I'm also fortunate to be free-rolling what I have left. This just feels awfully similar to the lead-in to last quarter's earnings. I won't be surprised if it leaks off a little weekly until they report.
I’m definitely looking to add. The bottom since the huge run up was 65-67 in mid May. If it gets below 70, I’m not going to hold up. Got a couple weeks so we’ll see.
beef
Footballguy
gotta get creative
but what do i know? if i really knew i'd be in vegas doing it, and not here talking about it.
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McBokonon
Footballguy
20% swing downward from this post as small cap high valuation growth getting hammered across the board. $COST, $MSFT, and…$NNOX in the green (decided to buy back in, small allocation, waiting it out now.) Plus I have a 2018 Camry which is now worth $345,432.
McBokonon
Footballguy
I’m not quite freerolling but I sold tranches at $160 and in the $130’s and my existing cost basis is low. I’m not going anywhere. I’ll add but I’m waiting for earnings to add to anything now.
Damn that was a violent drop. What happened? Not a great day for me but started to make some changes to simplify the portfolio.
Bob Sacamano
Footballguy
I think around $69 I'd have a really hard time not DCAing up. That would be a market cap of about 2x expected EOY cash. And core business growth >>>>100%. They may not be the only company in that situation, but I'd bet the list meeting that criteria is really ####ing short.
Bob Sacamano
Footballguy
I just think there's more downside to come. Psychological more than rational. "But they're not going to be testing for COVID forever!!!"
I'm holding HAAC until I see the angels and the locusts carry away my shares.
Desert_Power
Footballguy
Right. So silly.
Bob Sacamano
Footballguy
I don't even know what my day actually looks like. I'm getting a little annoyed by Fidelity's "Last Price" of options reflecting Bid rather than actual last price. I've "lost" the same $3k on my HAAC calls every day for the last 2 weeks.
McBokonon
Footballguy
I hear ya. It’s a pretty big position for me already, top half anyway, so I’m ok missing a tick or two up.
I got tired of the SPACs. Did well over all but I think that run is over and if any good companies go SPAC there will be plenty of time to own them.
There could be more downside but this was just a swap from one position to another so not really worried about the price. If it dips to the 60s, I’ll keep adding. I think my next move may be to swap my handful of BAND to make my NET position larger. Maybe add a little more UPST too. Trying to shave off a few stocks to make it a bit easier to manage and watch.
beef
Footballguy
RE: NRGUbeef said:
Maybe the real quick may take some days/weeks, but I'm buying more. Last couple of times it went below the 50 day MA and RSI 30 it produced some real nice gains.
Worked out well for me in the past 9-10 months and I'll continue to play it like this until it doesn't.
Bob Sacamano
Footballguy
Theoretically: The miners in China closing up shop/relocating + the drop in hash rate due to those miners going offline should lead RIOT and MARA to significantly increased profitability.
The problem is that they're still much more tied to BTC spot than fundamentals, so it's hard to bank on that driving much in the way of price action. I mean, it can't hurt. But you're still likely stuck waiting for a pop in BTC.
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2Squirrels1Nut
Footballguy
