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Stock Thread (28 Viewers)
- Thread starter St. Louis Bob
- Start date
The General
Footballguy
identikit
Footballguy
Desert_Power
Footballguy
I mean at these prices someone is just going to try to take it private again or UWMC just buys back more and more stock. It just throws off too much cash.
Somewhat reminiscent of how nobody wanted to own banks last year so they were just trading at silly valuations to book.
RKT at least trades at a premium, something like 10x 2022 projected earnings.
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beef
Footballguy
Does the convertible assets keep that from happening? Interesting point and would make sense for someone to take it private.
This is where I got trapped on UWMC, thinking it might actually break out from being a sub 1x.
ericttspikes
Footballguy
I've added yesterday and today in my Roth. Thinking a floor of 280 ish downside for the short term. Expecting 900 at some point in my life.
McBokonon
Footballguy
It was just under $300 and I had to do my stupid morning workout and now it’s bounced a bit already. Oh well.
The Commish
Footballguy
So this group caught my eye. But I have a concern. This is the "luxury" EV, yes? They might not have a ton of competition now, but it's coming. I can't figure out what their niche would then be once the others begin catching up.
Desert_Power
Footballguy
Yeah, I'm not really sure. The more I have dug into the capital structure the more confusing it gets. Trying to reconcile the numbers shown on sites with their earnings statement. Maybe I'm just a sucker too
that gift horse was to obvious. Sold all that I bought just prior to earnings to lock in a 20%+ gain
added SE and Uwmc
steelerfan1
Footballguy
I’m curious…I was under the impression that the gaming side to SE was it’s cash cow. If that is potentially losing steam anyone else have concerns about them?
McBokonon
Footballguy
I'm in it for their e-comm and payments. The advantage they had over other e-comm plays was they could use the gaming cash to fund growth in those areas. Otherwise, they'd have more dilution and debt, which is typical for e-comm plays when they are trying to gain dominance in their markets. So, the gaming is/was a nice bonus but that's not why you buy $SE with a 5-10 year outlook.
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McBokonon
Footballguy
Pretty much but I'm at the point I might actually want to see them sell some units even after approval. Management is iffy to me.This is still an A/B outcome right? If they get approval for their entire system
beef
Footballguy
Donny Dollars and Biden Bucks. Kind of like Monopoly money but with even older and dumber looking faces.
identikit
Footballguy
I heard something about UK not accepting Visa because of high fees.
Might have been CNBC?
McBokonon
Footballguy
kevzilla
Footballguy
McBokonon
Footballguy
I’m sure this is just like debt ceilings and other things that always make scary headlines but eventually get worked out.
General Malaise
Footballguy
Gave up the ghost on DKNG and puked it all out, which I should have done 2 weeks ago when I thought about it. Stupid and stubborn.
Anybody own META? I know RBLX is one of the holdings in there, but seems like a cheap way to jump into meta-universe, but like everything else, I'm sure I missed the boat on this one.
Also seeking opinions on BITF from you crypto guys.
Anybody own META? I know RBLX is one of the holdings in there, but seems like a cheap way to jump into meta-universe, but like everything else, I'm sure I missed the boat on this one.
Also seeking opinions on BITF from you crypto guys.
identikit
Footballguy
Just dumped the last of mine.
Still made a nice profit of 50%
May come back at a later point when the gambling biz shakes out some
beef
Footballguy
I should sell my DKNG too but I'm being extra stubborn and still have 25% to give up in my Roth before I go red. DT account is ugly. Possible tax whack in December.
Have META in my Roth. Recent buy for me and a long. Plan to cut some from ARKK (Largest Roth holding) and move to META.
Is it a IRA thing as to why you don't just buy the real thing?
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JB Breakfast Club
Footballguy
I added a bit more on the dip. They beat Q3 and raised expectations for Q4. I guess it dipped because they are near their all time high, but everything looks in place for a huge holiday season (stocked up in advance of supply chain issues/seasonal employees plans). Might have to sell a bit before the next earnings call since they have a history of selling off the day after,, no matter how good the results are.
2Squirrels1Nut
Footballguy
2Squirrels1Nut
Footballguy
Same but more than likely selling mid-December for taxes. I don't want to miss what seems to be a predictable Santa Claus rally. Will be extra stubborn and buy back mid-January.
Sand
Footballguy
McBokonon
Footballguy
For sure, but most posts about UWMC have to do with the lack of price appreciation and I was just speaking to that.
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Dwayne Hoover
Footballguy
I want to sell my DKNG and may not hold it a lot longer but don't think this is the time to do it.
Unlike some others that I own, this one in the short term should bounce a little. Not sure how soon we see $50 again but I don't think it will be in the 30s for that long. Targeting mid 40s and then I may exit
Will see but holding for now
Unlike some others that I own, this one in the short term should bounce a little. Not sure how soon we see $50 again but I don't think it will be in the 30s for that long. Targeting mid 40s and then I may exit
Will see but holding for now
Todem
Footballguy
Year end 2018 is on the table too so be careful. All it takes is the Fed to pivot in December. Just being Devils Advocate here.
beef
Footballguy
Another strong S&P year too, maybe some reallocation to all those funds with a stock to bond ratio limit or lifecycle funds. Does your company work with those types or anything you see on the horizon with reallocations?
Agreed, although there's a pretty good chance it gets worked out with lower fees (profits), which obviously hurts them.
I own a #### ton of both MA and V, have for a long time and they've been berry, berry good to me, but I've always had in the back of my mind that their high fees/margins can't last forever, and they ain't cheap.
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beef
Footballguy
I would be too, if the price stopped dropping and leveled out. 6-7% divy is nice change but when the stock keeps dropping 20-25% each quarter it's hard to hold onto. That's the part that annoys me the most for a company that had good beats and seems to be a legit business too.
Obvious tax cut for me, but I may revisit in time if it ever stabilizes.
identikit
Footballguy
Been busy the past coupla days. Buying JIMA around $14. Long term hold. Trimmed a smidge of AAPL and AMZN, following todem's lead and generating more-than-usual cash. Trimmed some DPLS which has just been an ATM machine for those of us trading it. Thinking about selling all of my SKT on the recent pop, maybe just half.
Probably will buy some near-the-money BABA December calls on the big pull back this morning, a trade not an investment. I also like MHK as a trade (and also as an investment, by the way), Selling covered calls on QS and LAZR every time they have an unexplained pop, buying the calls back on the inevitable retreat.
I feel like this inflationary sword of Damocles is hanging over our heads ready to slice and dice. Between inflation and supply chain issues and the prospect of raising rates, I've got a lot of tension in my shoulders, but generating cash helps ease that.
Probably will buy some near-the-money BABA December calls on the big pull back this morning, a trade not an investment. I also like MHK as a trade (and also as an investment, by the way), Selling covered calls on QS and LAZR every time they have an unexplained pop, buying the calls back on the inevitable retreat.
I feel like this inflationary sword of Damocles is hanging over our heads ready to slice and dice. Between inflation and supply chain issues and the prospect of raising rates, I've got a lot of tension in my shoulders, but generating cash helps ease that.
JB Breakfast Club
Footballguy
NVDA good / CSCO bad.
I would never have known about it with him. Flush is right. At this point, just holding it because the business is still growing well so if they can get out of the muck, it’ll jump a lot. Right now, it’s not a lot but damn if I should have dumped when it was worth double.Speaking of disasters, Buffett and Wood favorite STNE.
identikit
Footballguy
One of the best moves I've ever made to go heavy on chips: NVDA, XLNX, GFS, SOXL (INTC not so much)
NVDA, SIVB, WD and TSLA were my biggest misses last March. I had enough cash to throw at all of them but I didn’t. I was still worried about a bigger drop so only pushed some of my cash. I did at least add a bunch of chip/5G stocks in June of last year and CRNC, XLNX, TER and CDNS have all returned at least 100% so hard to be too upset.
