Bob Sacamano
Footballguy
Yeah, well, most of them don't have kids yet.
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Stock Thread (32 Viewers)
- Thread starter St. Louis Bob
- Start date
Bob Sacamano
Footballguy
Hmm... might also be a chicken and the egg thing working here. Do you not drink because you don't have kids? Do you not have kids because you don't drink?
I'm pretty sure the answer is yes.
General Malaise
Footballguy
General Malaise
Footballguy
College kids are still drinking.
Source: father of a college kid with a GPA lower than his BAC.
Source: father of a college kid with a GPA lower than his BAC.
Bob Sacamano
Footballguy
This is CRM with a heavy AI element?
McBokonon
Footballguy
Contact center software and financial crimes detection.
ETA: I used their contact center stuff literally decades ago and they were already training models to predict, for example, if a specific customer call recording was likely to be a complaint before you even listen to it.
General Malaise
Footballguy
McBokonon
Footballguy
Looks like Microsoft said they're getting into the contact center biz and that's today's reason it's declining (along with Five9).
Either sell now or stop looking at it for 6 months.
Desert_Power
Footballguy
I initiated a 401k rollover yesterday which takes about ~20% of my investment balances (mostly SPY type exposure, some ex company stock) off the table for a couple of weeks. Less purposeful timing (had a call scheduled to meet the stipulations of a 3% Robinhood bonus), but don't hate it at these levels either.
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I trimmed today - sold half my XLF and had a bit of redundancy with a BSTZ position, so I just closed that.
Will be looking to move into other positions here shortly, but other than that it's all systems go.
I was wondering how many people would take advantage of this HOOD bonus rollover. Just going off memory here, but I recall them stating that they had a record amount of inflows last quarter (or maybe quarter previous) and I was thinking to myself, yeah, because you are giving a 3% match. Is that even sustainable. I looked into it a little because I mean who would turn down 3%, right? But I think you have to have your account there for 5 years, is that correct? I'm not sure HOOD will be in business in 5 years. They were nearly insolvent during the meme stock run up a few years ago, and I just have a hard time trusting Tanev with my money, he seems a bit shady shall we say?
Bossman
Footballguy
Desert_Power
Footballguy
My understanding is that the securities in there would be covered under SIPC up to $500k.
My concern was their 4/30 cutoff as I was traveling for the second half of April after only ending that job on 4/5. Support finally got back to me after a week of trying to reach them and said that it just had to be initiated by 4/30. It was another 5 weeks before their vendor had time to fit me in to start the rollover. This cannot be a profitable promo for them, but $10k is $10k...
General Malaise
Footballguy
Looks like Microsoft said they're getting into the contact center biz and that's today's reason it's declining (along with Five9).
Either sell now or stop looking at it for 6 months.
I'm too stubborn to sell now.
SFBayDuck
Footballguy
Looks like Microsoft said they're getting into the contact center biz and that's today's reason it's declining (along with Five9).
Either sell now or stop looking at it for 6 months.
I'm too stubborn to sell now.
Not financial advice (or is it......)
Bob Sacamano
Footballguy
AHHHHHHH! The company that bought Merced. I knew I knew them, but I couldn't place where.
General Malaise
Footballguy
I have some for sale if you're interested.
Desert_Power
Footballguy
My far too risky account had fun today 
The General
Footballguy
I need to adjust my far too risky account but it's too good!! How long to touch the stove?My far too risky account had fun today
Capella
Footballguy
This is crazy. Up a 154% this year.
Bob Sacamano
Footballguy
My sole, limited experience with one of their teams was not... ideal. Mind you, most of that experience was a legacy team from a company they acquired. And it spanned that acquisition. Though I'm usually down for toe dipping on something McB raises if it looks interesting, that experience did not make me want to follow on this one.
General Malaise
Footballguy
I don't even know what they do.
Bob Sacamano
Footballguy
I just snipped 3 snarky responses that probably kept my posting privileges here and my ### out of the sights of some bs corporate lawyer.
I only had to get to 50 to become a moderately responsible adult.
I only had to get to 50 to become a moderately responsible adult.
McBokonon
Footballguy
They light your money on fire is what they do.
General Malaise
Footballguy
I'll be buying more tomorrow. Let's go!
McBokonon
Footballguy
THAT'S THE ****ING SPIRIT!!!!
Bossman
Footballguy
I was late to the party ... acquired a healthy amount at $790 about 45 days ago.This is crazy. Up a 154% this year.
... but I'm still up over 50%.
I wish that I grabbed more way back then
I don't generally like to give out stocks because I feel terribly if they don't perform well, however I'll do my best to give a rudimentary answer to your question.
The dividend amount is not nearly as relevant as the dividend yield.
And while the $2.75 per share quarterly dividend is a good looking amount, when you take into account their share price, the yield is just over 2.3% per year. And while not a bad yield, you can get over twice this amount in a HYSA instead without the risk of capital loss if that's what you're looking for.
REIT (Real Estate Investment Trusts) generally have higher yield as they pay out their income in this form, however they generally have less room for capital appreciation on the underlying asset (stock). Also, they are extremely rate sensitive and as with anything there are definite winners/losers in this space.
Energy and Utility stocks generally throw off higher yields as well, but again, these stocks are very sensitive to the economy and interest rates as they both have high capital expenditures. I prefer energy, but that's just me.
If you are unsure as to what sector you want to invest in, I'd suggest an income ETF (just google and research for some options).
I'm a bit of a chicken and don't like paying higher fees, so I use SCHD for a good portion of my dividend allocation.
I do also own GS, and REIT's and Energy individual stocks.
Bossman
Footballguy
I just watched the movie "The Big Short" last night. Safe bet a bunch of you nerdy stock types have already seen it. 
Quite a cast with Christian Bale, Steve Carell, Brad Pit, Ryan Gosling, etc.
The premise of the movie was how a very small group of people foresaw, and were able to short mortgage bonds just before the mortgage banking collapse in 2008.
The movie did a terrible job of explaining how the main character created a credit default swap market, allowing him to short market-based mortgage-backed securities.
Does anyone understand this? .. Are you able to explain it to me like I'm the greenskeeper in Caddyshack?
Quite a cast with Christian Bale, Steve Carell, Brad Pit, Ryan Gosling, etc.
The premise of the movie was how a very small group of people foresaw, and were able to short mortgage bonds just before the mortgage banking collapse in 2008.
The movie did a terrible job of explaining how the main character created a credit default swap market, allowing him to short market-based mortgage-backed securities.
Does anyone understand this? .. Are you able to explain it to me like I'm the greenskeeper in Caddyshack?
General Malaise
Footballguy
I just watched the movie "The Big Short" last night. Safe bet a bunch of you nerdy stock types have already seen it.
Quite a cast with Christian Bale, Steve Carell, Brad Pit, Ryan Gosling, etc.
The premise of the movie was how a very small group of people foresaw, and were able to short mortgage bonds just before the mortgage banking collapse in 2008.
The movie did a terrible job of explaining how the main character created a credit default swap market, allowing him to short market-based mortgage-backed securities.
Does anyone understand this? .. Are you able to explain it to me like I'm the greenskeeper in Caddyshack?
The book might be a good read for you to help you understand. The mechanics of this were very complex and the average movie viewer isn't going to 'get it'; certainly not with the time you'd have to allot to explain it in a way a greenskeeper from Caddyshack would understand. I'm sure some others in here can do a better job explaining it so I won't even bother.
Instead, I will tell you that I was the head trader for a short-biased hedge fund during 2007-2008 and had the best financial year of my professional life in '07. We (our firm) had about $150mm in AUM at the beginning of 2007. At the end, the AUM was twice that size, all due to shorting stocks related to the housing bubble - lenders, builders, banks, etc. Some of these were obvious frauds - the New Centuries of the world as an example. But once the poop hit the fan, it took down everything we were short. Sounds easy, right?
It was a very painful and very expensive exercise that required patience and the stubbornness of a madman (my boss) who refused to believe he wasn't correct - ultimately he was proven correct and rewarded, but the years leading up to it where he had on these short positions was gut-wrenching. There were so many false starts thinking "THIS IS IT" only to have the market change course and punish the shorts. Not many can handle the pain of watching short positions go against you. On a short, the best you can do is ride a stock to zero. If it goes against you, what's the limit? Not many are willing to find out, so it's a very dangerous game and not many money managers want to be dedicated short sellers. It takes a rare breed. I want no part of it ever again (although our firm now will short stocks on occasion).
Not only do firms have to secure a borrow to short stocks (prime brokers have stock loan departments that check to see if borrows are available and my man, do not EVER EVER EVER cross them or short a stock that didn't get an approved borrow) there is a cost to carry the short position (negative rebates, etc) and these can be extremely expensive rates. The riskier the stock, the more it will cost you to short it and you pay it as long as you short it. It's risky and expensive and scary and yeah.....I had to quit due to stress. Well, and my boss was a monster, but he paid well.
What they were doing in The Big Short was way more complicated but there's always a market out there for folks that want to gamble.
Sand
Footballguy
Good rundown. For the OP be aware that, in general, dividend yields above 4% or so can be a sign of financial distress of the company.
As far as a list - here is a list of dividend kings (companies with a 50 year history of dividend payments). Personally as far as high quality dividend stocks ones like JNJ, XOM, CVS, O, can be a place to start looking. The thought of just investing in an ETF, something like SPYD, is compelling - takes the issue out of single stock picking.
ConstruxBoy
Kate's Daddy
Already added early this week. Added PANW as well.
SFBayDuck
Footballguy
I picked up PANW on that huge dip in February after it dropped about $100 in one day. Up a little since then, but I'm in it for the intermediate-long haul.
I did the same on the SNOW earnings dip...and it's down another 24% and the chart looks terrible. Almost every one of my customers and prospects uses them, and they are a huge partner of my company. But with all of the big dogs now playing in their space they are running out of time to execute on the lead they had built and get to profitability. It's not too far above its all time low, if it breaks that I'll probably cut my losses.
I bought CRM back in December of '20 on that drop on earnings and it's been a slow rollercoaster since. Finally looked to be gaining some momentum the past 6 months, until it all of a sudden wasn't. I've worked there (although it was a long time ago) and am still in the space, and as I said the day they reported I think it might be a tough few quarters for many of the front-office SaaS companies.
Although my company just reported this afternoon, we beat on rev and guidance seems to have been well received here in AH trading. But we're also down almost 40% the past few months. So what do I know
McBokonon
Footballguy
Ah, I think I know.
Although my company just reported this afternoon, we beat on rev and guidance seems to have been well received here in AH trading. But we're also down almost 40% the past few months. So what do I know
SFBayDuck
Footballguy
lol, I gave up anonymity here a long, long time ago, so it wouldn't be too hard to figure out if one wanted to! In fact Snowflake and our partnership with them was mentioned twice on the earnings call that just concluded!Ah, I think I know.
Although my company just reported this afternoon, we beat on rev and guidance seems to have been well received here in AH trading. But we're also down almost 40% the past few months. So what do I know
I am sure not to share any material, insider information about my company.....not that I ever have any! But I'm in sales so I do get to experience trends in the industry, see what's going on competitively, hear the thoughts of some pretty smart people on that front, etc.
McBokonon
Footballguy
If it's Braze - I was going to buy calls before the close today but chickened out. No risk it no biscuit.lol, I gave up anonymity here a long, long time ago, so it wouldn't be too hard to figure out if one wanted to! In fact Snowflake and our partnership with them was mentioned twice on the earnings call that just concluded!Ah, I think I know.
Although my company just reported this afternoon, we beat on rev and guidance seems to have been well received here in AH trading. But we're also down almost 40% the past few months. So what do I know
I am sure not to share any material, insider information about my company.....not that I ever have any! But I'm in sales so I do get to experience trends in the industry, see what's going on competitively, hear the thoughts of some pretty smart people on that front, etc.
JB Breakfast Club
Footballguy
So...anyone want to predict where GME opens and closes tomorrow? Roaring Kitty has a live stream scheduled, and the AH price is 61.27...
JB Breakfast Club
Footballguy
NajehHejan
Footballguy
Mostly dumb luck but before the Roaring Kitty live stream announcement I took some fun money (not a ton) and bought some mid September AMC $10 calls. Only because GME and AMC are often inextricably related, my calls are now up almost 100%. Should I bank my winnings tomorrow, or roll the dice on a once in a life time YOLO 1,000+% return? I only invested $1K.
Looking at another 100 shares of INTC. I bought 100 last month at $30 and it's right back near that PPS. I know there is negative sentiment about it on these boards (from at least some of you) but the chip-train's gotta spread out at some point, right? AMD and NVDA are too rich.
McBokonon
Footballguy
They reported numbers this morning, which were dreadful of course, didn’t have a call (as usual), and announced more dilution. Surprisingly, it’s down sharply premarket. I might have to gamble myself now.
Desert_Power
Footballguy
Steve Miller Band has a song about what you should do here.
Because I think AMD and NVDA are overpriced and INTC is fairly priced.
