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Stock Thread (29 Viewers)

Todem said:
Again.......LONG. Potential 10 bagger.

This quarter was fully expected due to the pandemic. Sitting on the earnings call at today 11AM eastern and everything looks fundamentally sound with the business (I read the entire earnings report and while it looks ugly I am highly confident they are going in the right direction and have the best tech in the space) They are poised for incredible growth over the next 5 years. This is a speed bump and part of investing in a new technology. 

I have said it a lot.....if your looking to simply trade it....good luck. If your looking to invest....stay long. Dont look at it all the time. And also don’t put all you money in it. 

Their cash reserves are at over 1.2B now. They increased their cash reserves 600% That is huge. They are poised for incredible growth in the hydrogen fuel cell space and IMO are the class of this space.

If you have not bought into this stock.....today will be a great day to add it. Also if you don’t have a large exposure and have some cash....average down today. 

My opinion stands. I already knew this was going to be a very soft quarter due to circumstances beyond their control with the global pandemic. 

Take care everyone.
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Hey Todem. I've not been around much lately, but very happy to see you around and posting.

I am currently all cash. I did so poorly last year, I moved everything to an RBC managed  account 3 weeks ago and then sold everything Monday  in no small part on your recent observations.

Anyway I was looking at some of your old posts and saw this one. Its down over 70% the last 12 months and 17% this year.

Seems like a screaming LT buy at around $10. Do you agree? Or do you have a different take on them now?

 
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Money where my mouth is...this filled

18:24:17 $65.04  57

I'm selling whatever I have and dollar cost averaging down on this from here.  Either retiring  earlier than expected or working until I'm 80.  Making my stand here.  PE of 3.38.

 
James Daulton said:
Why are you so big on FLGT?
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I am as well. They weren’t a COVID business, generics and now cancer testing, but they’ve killed it on COVID testing. Market cap is $2B and they have $1B in cash and their core testing business is growing like a weed. I think their Q4 and Q1 numbers are going to show some real nice cash building again just adding to their war chest. They were able to acquire companies recently to expand and not put a dent in cash or cause them to have to dilute with more share offerings (this is huge IMO). It’s a long term play but their growth and numbers look great. Their problem now is being labeled as a COVID business. That’s not their core but honestly it will likely be a cash generator now and in the future. I don’t think that testing will just go away and their ability to capitalize makes me think that if there’s more pandemics (let’s hope not) they’ll capitalize again.

 
stbugs said:
Added 15 at $407. Never owned it before but it was at this price in summer 2018. PE of 30 and P/S of 6 is not bad for the streaming leader. Will keep watching in case it dips even more in the early morning. Lock it in for a few years. 
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Up $30 so far, woot! Maybe that will push me green for the day…

Still got a nice chunk of cash but damn I knew I should have sold more in November. Would have been nice to basically add more shares for the same amount of money. At least the 401k machines are back on. I enjoy getting an extra bonus at the end of the year when I’ve already maxed out but I like seeing the totals go up each month and my company doesn’t limit the match each pay period just the total so that’s over early in the year and is now restarted.

 
James Daulton said:
Why are you so big on FLGT?
Click to expand...


Based on the price now, they are almost sitting on 1/2 their market cap in cash and short term investments.  They could send every shareholder a check for $32.50 and it wouldn't even phase their operations.  The  numbers this quarter will be amazing, the numbers next quarter will make those look like child's play.  PE is now 3.4.  

I would love to hear the flaw in my process.  This is looking like Ford at $8-$10 announcing the electric F150 .  Citigroup dropping into the 30s from the 80s.  Lowes sitting at $60s when their parking lots were fuller than I've ever seen them.

Of course I own some Amazon I bought in September 2020 at $3150 that I thought was a table pounding buy so it might be best to ignore me.

 
BassNBrew said:
Based on the price now, they are almost sitting on 1/2 their market cap in cash and short term investments.  They could send every shareholder a check for $32.50 and it wouldn't even phase their operations.  The  numbers this quarter will be amazing, the numbers next quarter will make those look like child's play.  PE is now 3.4.  

I would love to hear the flaw in my process.  This is looking like Ford at $8-$10 announcing the electric F150 .  Citigroup dropping into the 30s from the 80s.  Lowes sitting at $60s when their parking lots were fuller than I've ever seen them.

Of course I own some Amazon I bought in September 2020 at $3150 that I thought was a table pounding buy so it might be best to ignore me.
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I was in and out of FLGT a lot last year and one of the few places I made money. I'd like to get back in, but I'm staying cash at least a couple more weeks, probably longer. I think I'd rather wait a bit and pay a little more than buy now and see it continue to drop. Not really trying to time the market, just waiting to see evidence the correction is over. Things seem tostill be in freefall,

I am almost 10% in i-bonds I buy thru Treasurydirect

 
If stocks and crypto's continue to be sold off, where is all the big money going?  Is there like 10T sitting in money market accounts?   

 
I texted the old man and told him to buy 100 shares of NFLX and he'd make $10K by the end of the year. Ignoring me, probably because he stands to make $3.5K on his AEP position today  :lmao:

 
Well, I am still at about 70% cash in my Roth accounts, but bought some stuff and will buy more today.  I own some netflix for the first time.  Also some FLGT thanks to Bass.

Plus buying some more off the list.  I will probably be at 50% cash by the end of the day

 
It is very normal to have corrections within a bull market.  Dow is only down 6% from all time highs a few weeks ago.  S&P 500 down 8%.  NASDAQ down 14%.  

I too have picked up some names that have been beaten up lately, NFLX, NVDA, CRM, SHOP, FLGT.

 
Damn was happy to get in on NFLX at $393 and some change and it keeps sinking like a rock.  Bloodbath today reconsidering  my dry January and moving it down the road a few months lol.  

 
Pipes said:
Damn was happy to get in on NFLX at $393 and some change and it keeps sinking like a rock.  Bloodbath today reconsidering  my dry January and moving it down the road a few months lol.  
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Added a little over 9 shares to my gambling account.  Now with a starter in NFLX and MARA, and overweighted in SE.  I've said this before, thank god I have someone (@Todem) running my retirement account.  He is great on this board, but better in real life.

 
BassNBrew said:
I'm going to try to be civil here, but this is going the way of Greek shipping companies, Chinese hog farmers, and Spin Bikes.

I just bought FLGT at $65.04.  GME closed at 101.42 after hours.  I'll wager $200 that FLGT closes up more on a percentage basis than GME by 6-30-22 (clears both 2nd qtr earnings reports and moon launches).

You in for $200 straight up?  I'll send to someone else to hold if you like, but I'm a real dude ready to "come out" if you want to dance on this.  I'll go up to $500 if you are interested, I'll just hedge on your side as my side is good for $40 a share.
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I am in for the $200. To be fair, I think we should use the Jan 20th closing price for both companies. I added Gamestop at $93 today as well, but it has since moved up nicely from that spot.

and here is hoping you crush your all in bet  of FLGT and this stock goes to crazy highs for you.

 
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In for Netflix @399 and FLGT at @$64.42.  Also back in to HGEN @2.67 as I’m trying to recapture some of my losses from the last time I bought it (@19!).    Thanks fellas for the insight!

 
Pipes said:
Damn was happy to get in on NFLX at $393 and some change and it keeps sinking like a rock.  Bloodbath today reconsidering  my dry January and moving it down the road a few months lol.  
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Damn, I knew I should have waited for the morning. Should have stuck to my guns and keep waiting.

 
stbugs said:
Damn, I knew I should have waited for the morning. Should have stuck to my guns and keep waiting.
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Yeah reading this thread last night I set a market order for open as I’m on the West coast I was afraid I’d wake up to see a 400 open but 430 active trading.  Either way right now I’m happy with 399, taking @Todem’s advice and not trying to time the bottom. 

 
cosjobs said:
Hey Todem. I've not been around much lately, but very happy to see you around and posting.

I am currently all cash. I did so poorly last year, I moved everything to an RBC managed  account 3 weeks ago and then sold everything Monday  in no small part on your recent observations.

Anyway I was looking at some of your old posts and saw this one. Its down over 70% the last 12 months and 17% this year.

Seems like a screaming LT buy at around $10. Do you agree? Or do you have a different take on them now?
Click to expand...
This is a mad money name ao use your fun money on this one. 
 

The real meat and potatoes in the master list.

 
dkp993 said:
Yeah reading this thread last night I set a market order for open as I’m on the West coast I was afraid I’d wake up to see a 400 open but 430 active trading.  Either way right now I’m happy with 399, taking @Todem’s advice and not trying to time the bottom. 
Click to expand...


I found this interesting bit of info on corrections:

There have been 26 market corrections since World War II with an average decline of 13.7%.

Recoveries have taken four months on average.

(written last year, so it may not have included the latest correction)

 
BassNBrew said:
Money where my mouth is...this filled

18:24:17 $65.04  57

I'm selling whatever I have and dollar cost averaging down on this from here.  Either retiring  earlier than expected or working until I'm 80.  Making my stand here.  PE of 3.38.
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This is FLGT, correct? I am right there with you, buying two long term $40 calls for about $25. Not a huge outlay ($5K) since this market is so skittish and calls are much riskier than buying stock outright, but FLGT is a screaming buy right now. GL to both of us.

 
BassNBrew said:
Based on the price now, they are almost sitting on 1/2 their market cap in cash and short term investments.  They could send every shareholder a check for $32.50 and it wouldn't even phase their operations.  The  numbers this quarter will be amazing, the numbers next quarter will make those look like child's play.  PE is now 3.4.  

I would love to hear the flaw in my process.  This is looking like Ford at $8-$10 announcing the electric F150 .  Citigroup dropping into the 30s from the 80s.  Lowes sitting at $60s when their parking lots were fuller than I've ever seen them.

Of course I own some Amazon I bought in September 2020 at $3150 that I thought was a table pounding buy so it might be best to ignore me.
Click to expand...


Why DON'T they pay a dividend?

 
kevzilla said:
I texted the old man and told him to buy 100 shares of NFLX and he'd make $10K by the end of the year. Ignoring me, probably because he stands to make $3.5K on his AEP position today  :lmao:
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I bought my 100 shares at 380.79, so I just need a little more to be up $3.5k for the day as well. 
🙂

 
Disney's stock has now dipped lower than it was back before they had a streaming service with half as many subscribers as Netflix.

 
Bought WFC a year ago in our cash account (not retirement). Done very well, ~65%. Thinking I should sell it all and buy some of these guys on sale. Just don't want to pay taxes, but I'll have to face that music soon or later.

Talking decent $ here. 2,000 shares. WWYD?

 
pecorino said:
I just looked at SHOP thinking that the PE must be darn near triple digits. Granted, 35 is no great bargain but it is definitely trading at levels within shouting distance of historic normalcy. In short, I'm interested.
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Their revenue growth has been near 80% year over year with ridiculous margins and virtually no debt. I will gladly pay 35 times earnings for this kind of growth.

 
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