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Stock Thread (44 Viewers)
- Thread starter St. Louis Bob
- Start date
urbanhack
Fight The Power!
Bob Sacamano
Footballguy
I think they're going to have to crush to avoid a drop. Just beating won't be enough imo.
It's still my largest position. I'm still holding long term until they give me a reason not to do so.Â
Still have half of what I had when it hit $440-450. Bought in at $90 and added more at $65 last March, worked out well.
ETA - First sentence is pretty poorly written. I sold half earlier this year at $440-450 when it jumped like crazy.
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identikit
Footballguy
Bob Sacamano
Footballguy
DOCU
Q2 EPS $0.47 vs est. $0.40
Revenue $511.8mn vs est. $487.5mn
GUIDANCE: Q3 2022 revenue $526-532mn vs est. $520.62mn
FY2022 revenue $2.078-2.088B vs est. $2.05B
Total revenue was $511.8 million, an increase of 50% YoY
Subscription revenue was $492.8 million, an increase of 52% YoY
Professional services and other revenue was $19.1 million, an increase of 3% YoY
Billings were $595.4 million, an increase of 47% YoY
Q2 EPS $0.47 vs est. $0.40
Revenue $511.8mn vs est. $487.5mn
GUIDANCE: Q3 2022 revenue $526-532mn vs est. $520.62mn
FY2022 revenue $2.078-2.088B vs est. $2.05B
Total revenue was $511.8 million, an increase of 50% YoY
Subscription revenue was $492.8 million, an increase of 52% YoY
Professional services and other revenue was $19.1 million, an increase of 3% YoY
Billings were $595.4 million, an increase of 47% YoY
Only down a couple % but I do think it may fall a bit more. Good results but Q3 forecast is barely above Q2, so decelerating growth. That’s been the thing that has whacked any of these high fliers like CRWD.
One thing that might keep the downside to a minimum is that DOCU hasn’t really jumped over the past couple weeks like other stuff so not a huge run up into today to roll back.
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Bob Sacamano
Footballguy
3 months ago, 6/2, it closed around $195. It had basically been up 50% from last ER. I'll take holding in the $280s. Gladly.
-OZ-
Footballguy
Bob Sacamano
Footballguy
Capella
Footballguy
I thought oh good, an investigative journalist…..and then his Twitter profile said he’s a meteorologist
 Lol, yeah, I was interested and then realized it was just a shareholder replying to an FDA tweet as if they’d get a response.I thought oh good, an investigative journalist…..and then his Twitter profile said he’s a meteorologist
Capella
Footballguy
I’ll never understand why people tweet at the fda. Do they think a scientist is running the account?
McBokonon
Footballguy
And that the scientist would say, “Jeez, I totally misread that data! Thanks, Kentucky Weatherman!”
Capella
Footballguy
Oh yea, not loving it. Especially these two dudes who have been very reasonable previously  (mwm and some guy named Jerry) - they’ve had good info for a while but recently have started to lose their mind on there and act nuts.Â
Capella
Footballguy
It’s so odd how easy it seems to be now to find a job and it just doesn’t seem to matter. At the same time people can throw double cash on houses. Is it the free billions and billions in crypto and meme stocks? Is everyone a millionaire now and there’s no need to work?
Desert_Power
Footballguy
Capella
Footballguy
yea as desert said those jobs are likely the covid crap jobs where you re underpaid and overworked. I saw one picture on Twitter last night where a restaurant posted a sign - “NOW HIRING. WEEKENDS AND HOLIDAY WORK MANDATORY” - like, that was literally the second line of the sign. Lol. Talk about misunderstanding the job market.Â
Â
And yea I think a lot of crypto/nft/meme stocks changed the equation. And that’s great imo. People have been getting rich off the backs of others for way too long in this country. Minimum wage was never addressed so people addressed it themselves.Â
Well, thanks MDB. I sold 2/3 of the shares in my taxable account and 1/3 of the shares in my IRA (basically half total). I’ll have a bit of a tax hit but $490+? Had to trim and just today’s gain in the shares I sold is enough to pay off the rest of my RX. I was thinking about that and it seems like I will now.
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Yes, there are a lot of those jobs, but I’m talking about white collar jobs as well. There’s a ton available.
It will be real interesting if or when, there is a crash in those things. Right now there are just too many to survive and eventually AMC will be worth what their financials warrant. I’m wondering who gets hurt the most.
McBokonon
Footballguy
Extremely bullish for my portfolio. These are the runs you miss if you keep trying to prepare for corrections.
Desert_Power
Footballguy
I don't think you necessarily need to look at meme stocks to explain that though. People, for the first time in our lives, saved a lot of money during the pandemic.
Capella
Footballguy
 I had a job lined up where I worked 17 hours a day for 3.25 an hour and I had to make the moo sound for the owner when he demanded it but then I sold this nft picture of a drunk chicken for 750,000 dollars so I’m retired.Â
Bob Sacamano
Footballguy
Lol. So crazy. I liked MDB’s numbers but up $90 a share numbers? Nah. Still keeping half but quite a few stocks are back up at the nosebleed ratios in February or higher.
Or not.
Of course.
2Squirrels1Nut
Footballguy
2Squirrels1Nut
Footballguy
Seriously. I feel like everyone knows where you can dig up gold nuggets any time they want except me. Â
2Squirrels1Nut
Footballguy
McBokonon
Footballguy
Think about these people who are just entering the big earnings years of their careers. These people have lived through 9/11, the Great Recession, and a global pandemic basically before they really started their careers. I'd be saving money like I was Ma and Pa McSorley coming out of the Dust Bowl, too. And if I wasn't saving it, I'd be throwing it at Doge and other dumb crap because my experience with traditional financial systems are Lehman Brothers and Bernie Madoff so why should I trust those things?
McBokonon
Footballguy
2Squirrels1Nut
Footballguy
Helluva day. I’m happy to have some things to trim though because I’ve got my eye on some other long term stuff and had very little cash available.
Even if I said I feel worried we are at a top, that doesn’t mean I’m out of the market. My best success outside of just pushing my chips into the market from mutual funds, has been buying the big dips like last March/April and buying a bunch (mainly UPST) in May. All stocks have big ups and downs so I want to make sure I’m ready for what feels like a peak coming. Happy as a clam to sell a chunk of MDB at almost $500, a 4x for me and 20% above where it was in February when people were worried about tech stocks being expensive.
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Bob Sacamano
Footballguy
Bob Sacamano
Footballguy
Though I recognize there's prob not much upside in it (DOCU) for the next 3-6 mos.
identikit
Footballguy
Interesting points but wouldn’t the success in the stock market sort of counteract that? Madoff and Lehman Brothers affected a very small segment of people. Interesting news but the housing bubble had way more of an impact to normal people.
I think savings are huge because 1) people were being handed money and a many of them didn’t need it and 2) people were just buying the basics. This isn’t like the Great Depression where things were so bad for years that people squirreled away whatever they could. The stimulus money and loan programs threw out a ridiculous amount of money to keep it from being anywhere close. It took a decade in the Great Depression for the market to recover. It took us what, a few months and now a year after we are way up from the bottom.
I don’t see the past 20 years of the market/economy driving people to DOGE. I think the concept of looking for the next 10x/100x in a week or a month is driving people there. Greed is a powerful drug.
Capella
Footballguy
“I don’t see the past 20 years of the market/economy driving people to DOGE.”
couldn't disagree more @stbugs — sure  a greed factor is involved but young people are absolutely aware that the deck is stacked against them and completely uninterested in working these crap jobs for crap money while a bunch of Karens yell at them because their kale salad has too many raisins in it. They’re just not going to do it anymore.
Â
I think we are seeing a fundamental shift in the way this next generation decides to work and live their life and I do not expect it to change. They are finding other ways to make money, whether it’s DOGE or meme stocks or driving Uber eats around on their own time - everything has fundamentally changed.Â
couldn't disagree more @stbugs — sure  a greed factor is involved but young people are absolutely aware that the deck is stacked against them and completely uninterested in working these crap jobs for crap money while a bunch of Karens yell at them because their kale salad has too many raisins in it. They’re just not going to do it anymore.
Â
I think we are seeing a fundamental shift in the way this next generation decides to work and live their life and I do not expect it to change. They are finding other ways to make money, whether it’s DOGE or meme stocks or driving Uber eats around on their own time - everything has fundamentally changed.Â
This is where I’m at. It’s more about the upside potential of some other things I’d like to add. I’ve still got a bunch of shares of MDB, so very much in bed with it. Happy to trim at what I think could be a near term peak to give me more cash to invest elsewhere. We’ll see how it goes, but I’ve been thinking about trimming some of my big guys for a while and it does feel nicer to sell something after a huge pop/double since May rather than selling low.
Desert_Power
Footballguy
Capella said:
The deck may be stacked against young people, but the odds are buying into a ponzi schemes isn't going to be a +EV play either.
We weren’t talking about young people. @McBokonon mentioned people who had been through the financial crisis, probably dot com bubble too, and were entering their big earnings year. I fit that description to a T. You are arguing about the next generation. I was talking about people who had been working and in the stock market for 20 or so years. I’m talking about the Karen’s and their husbands during their GMC Suburbans.Capella said:
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