General Malaise
Footballguy
BROS BEFORE HOOS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1111111111
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Stock Thread (16 Viewers)
- Thread starter St. Louis Bob
- Start date
2Squirrels1Nut
Footballguy
General Malaise
Footballguy
This isn't directed at you necessarily, but for ANYBODY playing UUUU or any U related equity right now, I would strongly suggest just buying and holding. You've done a great job trading this one and I agree that there are some trading opps in UUUU, but this uranium move has some serious teeth.
We just released our quarterly letter and my boss fancies himself as a poor-man's Jack Kerouac with some rambling streams of consciousness so excuse the prose in this paragraph about the current uranium market and why we're bullish:
ConstruxBoy
Kate's Daddy
2Squirrels1Nut
Footballguy
On the other hand getting CRUSHED on my AMC short but still have a couple of months left.
Still, the CEO was just being interviewed on CNBC. Movie sales and attendance is back to 2/20 levels which is good however they were losing money hand over fist back then. Looking at their financials they've already burned through a significant amount of the gift from the heaves cash as well.
He once again stated that they are kicking around some "big ideas" on how to transform their business. When asked what those were he filibustered for a couple minutes before saying they planned on accepting crypto by the end of the year and possibly issuing their own crypto and becoming an exchange.
Are you kidding me?! I feel like Dukakis in that SNL debate. How am I losing to this guy?!!
Nothing personal against AMC. I'm an old and love going to the movies. This is insanity though.
Still, the CEO was just being interviewed on CNBC. Movie sales and attendance is back to 2/20 levels which is good however they were losing money hand over fist back then. Looking at their financials they've already burned through a significant amount of the gift from the heaves cash as well.
He once again stated that they are kicking around some "big ideas" on how to transform their business. When asked what those were he filibustered for a couple minutes before saying they planned on accepting crypto by the end of the year and possibly issuing their own crypto and becoming an exchange.
Are you kidding me?! I feel like Dukakis in that SNL debate. How am I losing to this guy?!!Nothing personal against AMC. I'm an old and love going to the movies. This is insanity though.
2Squirrels1Nut
Footballguy
It literally sounded like a Costanza and made it up on the spot. "Big ideas, big, ideas.... NFTs! Crypto! Piggyback rides to your seat!.....".
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It is. There are going to be a lot of retail investors holding onto some serious crap in a few years. I’ve said before that AMC the company is #### and is worth probably 10-20% of what it’s worth now and before COVID it was a revenue decreasing business. Right now this guy is literally just saying anything to keep the stock price elevated so that their bonuses don’t drop and they can keep siphoning money off of retail investors. It’s funny reading articles with October sales acting like it’s some incredible growth story trying to remotely justify the price, which even the positive articles can’t. That said, I also said there’s now way I’d short this stock because it’s like beanie babies at their height. You knew it would fall apart but damn if prices didn’t go nuts because there were so many people paying whatever price. You can’t beat it until the insanity slows down.2Squirrels1Nut said:On the other hand getting CRUSHED on my AMC short but still have a couple of months left.
Still, the CEO was just being interviewed on CNBC. Movie sales and attendance is back to 2/20 levels which is good however they were losing money hand over fist back then. Looking at their financials they've already burned through a significant amount of the gift from the heaves cash as well.
He once again stated that they are kicking around some "big ideas" on how to transform their business. When asked what those were he filibustered for a couple minutes before saying they planned on accepting crypto by the end of the year and possibly issuing their own crypto and becoming an exchange.
Nothing personal against AMC. I'm an old and love going to the movies. This is insanity though.
The General
Footballguy
What a nice run up past 2 weeks for tech stocks.
This going to be another one of these crap the bed situations once all these companies report at the end of the month?
This going to be another one of these crap the bed situations once all these companies report at the end of the month?
Honestly, no. There will be the inevitable growth has gone up too much/value type story but let’s be honest. What companies are the most and least affected? Oil companies and commodities based companies may be doing well because of inflation and shortages but a lot of those value plays (Domino’s for instance) are going to be really affected in a bad way. Software/tech seems like it’ll come out roses. How do you handle having fewer employees handle more clients? Technology. Is the tech industry losing people to the great resignation like retail and restaurants? Not close to the same degree. It seems like one of the safest areas to continue pumping out good earnings.
I’m not saying there aren’t some sky high valuations like NET. I own it and wish I had swapped another stock for it like I thought in May, but I’m nervous about the jump lately. It’s P/S is way too high and ripe for a fall. I just think overall, they shouldn’t be anywhere near as impacted as the value side of stocks.
The General
Footballguy
KGB
Footballguy
Agree. I'm amazed it hasn't crashed.2Squirrels1Nut said:On the other hand getting CRUSHED on my AMC short but still have a couple of months left.
Still, the CEO was just being interviewed on CNBC. Movie sales and attendance is back to 2/20 levels which is good however they were losing money hand over fist back then. Looking at their financials they've already burned through a significant amount of the gift from the heaves cash as well.
He once again stated that they are kicking around some "big ideas" on how to transform their business. When asked what those were he filibustered for a couple minutes before saying they planned on accepting crypto by the end of the year and possibly issuing their own crypto and becoming an exchange.
Nothing personal against AMC. I'm an old and love going to the movies. This is insanity though.
2Squirrels1Nut
Footballguy
2Squirrels1Nut
Footballguy
NFLX up after earnings. Honestly can't remember the last this happened.
2Squirrels1Nut
Footballguy
Amazon is going to miss and take the whole tech market down with it. Add on a year to retirement date.
Capella
Footballguy
Unless they fired up the delivery drones and I missed it, the trucks haven't been clogging up the roads like they have in the past.
BROS
$INMD
The General
Footballguy
FreeBaGeL
Footballguy
2Squirrels1Nut said:On the other hand getting CRUSHED on my AMC short but still have a couple of months left.
Still, the CEO was just being interviewed on CNBC. Movie sales and attendance is back to 2/20 levels which is good however they were losing money hand over fist back then. Looking at their financials they've already burned through a significant amount of the gift from the heaves cash as well.
He once again stated that they are kicking around some "big ideas" on how to transform their business. When asked what those were he filibustered for a couple minutes before saying they planned on accepting crypto by the end of the year and possibly issuing their own crypto and becoming an exchange.
Nothing personal against AMC. I'm an old and love going to the movies. This is insanity though.
While we're on the subject, this weekend reminded me yet again just how awful Gamestop's online business is.
I know all the fun stuff around the squeeze and the technicals of GME, and I fully supported all that, but I just want to reiterate how mind numbingly ridiculous this notion is that GME is going to be some kind of leader in online game purchasing. I've said it before and I'll say it again, not only do they not have any advantages over any other retailer in capturing that online business, but their online business is by far the WORST of any retailer that sells videogames.
I've documented some of the ridiculous problems I've had placing a simple online order on their site before, but this weekend someone gifted my son an Xbox digital giftcard from gamestop's online website. The email with the code goes straight to us and I put it into XBox Live immediately only to get a "this code has already been redeemed error". Gamestop support was worthless and directed me to Xbox support, who of course said we can't just let you redeem a code that's already been redeemed, and noted that a lot of Gamestop users have been contacting them about this and I would need to go back to Gamestop support. A quick internet/reddit search confirmed that this is a common issue with digital gift cards purchased at Gamestop. If you buy a digital gift card at Gamestop it seems like there's just straight up like a 20% chance that it won't work and they won't help you with it and you'll just be out 50 bucks.
Using the website honestly feels like it's a company from 1998 still figuring out this online website thing. I can order any videogame or accessory from Amazon or Best Buy or Walmart or Target and have it in 2 days (or same day pickup) with a guarantee that it will work or they'll straight up replace it with no questions asked. Or I can order it from Gamestop for the same price and MAYBE I'll get it in a week or two after some cryptic messaging (or maybe they'll just cancel it altogether) and once I do get it the thing might or might not work with a possibility of no recourse if it doesn't.
It's just so funny to me that this of all websites is supposed to be the pioneer in online gaming retail, when not only does it not stand out but it's straight up the worst online gaming retailer out there.
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FreeBaGeL
Footballguy
identikit said:
The problem is that actual ETH is probably up around 60% in that same span.
Last time BTC hit 60k GBTC was around $56/share. Now BTC is at 66k and GBTC is only $50/share.
I get that it's probably the best there is for tracking BTC through a brokerage, but its usefulness has fallen off w/ the ETF coming up. It lags BTC on the upswings but tracks it perfectly on the downs.
2Squirrels1Nut
Footballguy
I agree and that's really disappointing to hear. I'm sorry you're going through this nonsense. :(
Just an FYI, Q3 for Amazon was during Delta spike. Also, I haven’t seen any slow down in Amazon trucks lately. I think Amazon got ahead of itself in Q2 revenue. It was still great growth but they assumed too much.
Reminds me of FLGT where I’ve been adding below $80. While I like it long term, they did miss in Q2 because they though COVID testing would continue and not drop so much. That’s not their future but it’s adding a war chest and Q3 was Delta and much higher cases and testing. Since I wanted to add for the future I was worried about them blowing away their lowered Q3 numbers and having to pay more for long term. I think Amazon could be similar. CV cases dropped like a rock in Q2 and blew up in Q3. Hopefully, cases get back to nothing but I think it will drift down in Q4.
Anyway, don’t underestimate what happened in Q3 Covid-wise. It might surprise.
Dude that’s next level e-commerce. That’s 20% pure profit. Every 1 out of 5 digital codes sent out is a copy of one sent the week before. Genius.
McBokonon
Footballguy
JB Breakfast Club
Footballguy
Anthem running today after strong Q3 report. I trimmed some back at 400 since it was previous resistance, but I still have a full position. Not sure where to place trimmings yet (also took profit on TXN and NFLX).
Wasn’t it frogs and ice cream. Hey, investing in meme stocks and anything recommend by tweets is the new thing. Nothing could go wrong with that. I really would love to fast forward 5 years and see where some of these stocks will be. There is just so much garbage propped up right now it’s not even funny.
Harry Frogfish
Footballguy
The market did not like Donky Kong's attempt at Entail, obviously. Now we have another month to see if it even goes through.
Having offered double what MGM did just 6 months ago, and needing their approval on top of it all, has me a little miffed.
Anybody with thoughts on any of this? I do like that they are really going for it, market share. The allure here is finding the "Coca Cola" of (mobile) sports betting. I can wait on earnings, I just want to find the elephant in this space.
Having offered double what MGM did just 6 months ago, and needing their approval on top of it all, has me a little miffed.
Anybody with thoughts on any of this? I do like that they are really going for it, market share. The allure here is finding the "Coca Cola" of (mobile) sports betting. I can wait on earnings, I just want to find the elephant in this space.
2Squirrels1Nut
Footballguy
Funny story, one of my buddies worked with a guy and they owned some domain names and pets.com was one of them. No idea if they got out before the implosion but they got a nice amount of stock. Another one as well would have set them up for life as long as they again got out. Both companies went belly up in the end.
I think the younger crowd that didn’t live through that dot com craziness might not realize that this stuff happened before and will happen again. I’d say 95% of the Internet companies I remember are gone now or shells of what they were. The real winners are huge but there aren’t a lot of FAANG stocks.
I don’t have a ton but I would not mind it being true and have a back door way to some PayPal shares at cheaper than current prices. That’s what XLNX is to AMD for me, basically like I bought AMD for $50ish a share.
meh...Either people were vaxxed and out shopping or not vaxxed and don't know how to place an Amazon order. Also lost 3Q prime day this year.
Banking on you being right about Fulgent.
Bob Sacamano
Footballguy
I know ebay and pinterest don't exactly mirror each other, but that feels like an interesting little circle of life type of story. Pinterest if doing online better than ebay at this point.
Welp, we’ll see how it goes. I’m banking on FLGT for the future but wanted to get in before a surprise. I have no idea where you live but I’ve seen them a ton and I still order a lot from them all the time. Heck, I had to pick up my son and his friend on Sunday night from a girl’s house in a ritzy neighborhood and the only person driving around with me was an Amazon truck. Last place I want to go is the mall, even fully vaccinated. Amazon, Costco, Publix (and Teeter for chocolate milk), Target and sometimes Lowe’s and other online sites is pretty much where we shop.
It would be a funny circle of life story. Pretty amazing that PayPal came from eBay and is way more valuable. It’s also nice seeing some normal activity and not meme action on a stock mulling an acquisition. Typically the acquirer goes down when announced and that’s what is happening.
Will be interesting if it happens. I don’t see China being involved so the acquisition, if true, would be more like Slack speed than Xilinx.
Bob Sacamano
Footballguy
I pretty firmly believe they will crush Q3, but I also believe that's largely a product of expectations being set incredibly low after the Q2 results. And I still think it's the non-covid growth that matters most.
Bob Sacamano
Footballguy
I have 3 tranches of PYPL, and I was contemplating if #4 might be in order here, but they're still a little on the pricey side atm imo. Not to mention, depending on IF this happens, there's a decent chance PYPL stock replaces my PINS stock anyway.
I don’t own any PayPal individual stock, so I’d probably keep and that replaces PINS, if it happens. It is a bit pricey and didn’t really go down as much as I thought it would when it dipped late September.
2Squirrels1Nut
Footballguy
The investing contrarian in me is loving all the AMZN negativity here.
They are scheduled to report on 10/28. Current call premium for an option is a little over $73 per share at the current price. FWIW
They are scheduled to report on 10/28. Current call premium for an option is a little over $73 per share at the current price. FWIW
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kevzilla
Footballguy
In fact, the position that causes me the least concern is ETHE. This is because it's very small and a complete freeroll. If it gets to 100, I'll re-evaluate.
2Squirrels1Nut
Footballguy
I usually do my tax harvesting around the middle of December. My thought always was it's super slow around Christmas and last week of the year. That way I'm not as likely to miss some major run up on a stock I planned on buying back.
Thoughts?
