Stock Thread (18 Viewers)

[Bossman]

Something is in the water today.
Green as far as the eye can see in pre-market.

 

[kevzilla]

Something is in the water today.
Green as far as the eye can see in pre-market.

Positive CPI results are actually being viewed as positive

BX was flirting with correction territory, but is having quite an open

 

[stbugs]

Something is in the water today.
Green as far as the eye can see in pre-market.

Only stock I have that’s not doing well are AMZN and CRWD but they both have had decent runs lately. Good day otherwise.

 

[Dr_Zaius]

For those of you dumping AMD (which I'm thinking of as well), where are you rotating into in that space? I've got no interest in INTC - one of the reasons I originally got into AMD was because they were eating Intel's lunch.

 

[metoo]

ok Oracle. I bought MongoDB a day too soon. It dropped 30% the day after I bought, I should have waited for them to report.
Added to CRM, CRWD, and CEG and D. I like adding on down days.

 

[General Malaise]

I'm vacating DNN as soon as the bell rings tomorrow with a decent overall gain but I think uranium is in for a deep slap in the face near term. Spot price falling like an autumn leaf right now.

Yeah, I was up over 30% on this one but the past few days have been rough. Still positive overall but gave up a lot of the gains I had this past week or so.

I left a small position on but sold 2/3 of it. I just think uranium stocks in general are going to breathe for a bit and come in. I think long term, there's another potential run up for uranium and the stocks, but it's acting real wonky now and I'll just do other stuff with my money.

 

[General Malaise]

For those of you dumping AMD (which I'm thinking of as well), where are you rotating into in that space? I've got no interest in INTC - one of the reasons I originally got into AMD was because they were eating Intel's lunch.

My cost basis on AMD is $83.77 so I'm going to hang on a little longer since this thing has been so good to me and I just love it so much it's hard to let go. A wise man once told me the way to riches in the stock market is to follow your emotions.

Of course, this guy lived under a bridge and cooked his meals on a shopping cart he converted to a grill, but I'll never forget him.

 

[General Malaise]

I pledge to buy NVDA at $2.50, no matter how broke I will apparently be then.

Finally took the plunge on this one after the split. Late to the party, but pleased as punch to be here.

 

[Capella]

For those of you dumping AMD (which I'm thinking of as well), where are you rotating into in that space? I've got no interest in INTC - one of the reasons I originally got into AMD was because they were eating Intel's lunch.

I was thinking of getting more NVDA but I have a pretty cost basis there so not sure.

I have AMD at 91 in one account but treading water in another. Thinking of dumping in the second account.

 

[Dr_Zaius]

For those of you dumping AMD (which I'm thinking of as well), where are you rotating into in that space? I've got no interest in INTC - one of the reasons I originally got into AMD was because they were eating Intel's lunch.

I was thinking of getting more NVDA but I have a pretty cost basis there so not sure.

I have AMD at 91 in one account but treading water in another. Thinking of dumping in the second account.

I'm still bullish on NVDA but cost basis is below 200 so I agree it just feels wrong somehow to plow more money in here. In hindsight I wish I hadn't sold some in the 800s, but I wanted to pull my initial investment out so that in the unlikely event of a crash I didn't feel like a dope for not taking anything off of the table. Just glad I didn't listen to a pair of coworkers who wanted me to sell it all when it crossed 400 lol.

 

[identikit]

Hard to imagine not owning NVDA at this point

Bought all of mine in December of '21

Sold some @ $800 (dumb)

 

[FreeBaGeL]

For those of you dumping AMD (which I'm thinking of as well), where are you rotating into in that space? I've got no interest in INTC - one of the reasons I originally got into AMD was because they were eating Intel's lunch.

I was thinking of getting more NVDA but I have a pretty cost basis there so not sure.

I have AMD at 91 in one account but treading water in another. Thinking of dumping in the second account.

I changed my interface to not show cost basis anymore because I would sometimes pass on buying more of things so I didn't ruin my sexy cost basis number. It's been both good and bad. Good because I now feel okay buying stuff higher that I already own at a good cost basis, but bad because I don't have that to excite me anymore so I've had to revert back to pr0n.

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

 

[FreeBaGeL]

For those of you dumping AMD (which I'm thinking of as well), where are you rotating into in that space? I've got no interest in INTC - one of the reasons I originally got into AMD was because they were eating Intel's lunch.

I was thinking of getting more NVDA but I have a pretty cost basis there so not sure.

I have AMD at 91 in one account but treading water in another. Thinking of dumping in the second account.

I'm still bullish on NVDA but cost basis is below 200 so I agree it just feels wrong somehow to plow more money in here. In hindsight I wish I hadn't sold some in the 800s, but I wanted to pull my initial investment out so that in the unlikely event of a crash I didn't feel like a dope for not taking anything off of the table. Just glad I didn't listen to a pair of coworkers who wanted me to sell it all when it crossed 400 lol.

I sold 80% when it was in the 400's

I did re-buy a bunch of it a couple weeks ago before earnings at least.

 

[FreeBaGeL]

This is pretty funny for NVDA.

Google's stock chart hasn't adjusted for the split yet, so the chart looks hilarious.

But the crazy part is even with that chart and not accounting for the TEN-TO-ONE stock split, it still leaves it as up 250% over the last 5 years

 

[McBokonon]

The AMD capitulation in this thread makes me wonder if I should buy some.

 

[Bob Sacamano]

For those of you dumping AMD (which I'm thinking of as well), where are you rotating into in that space? I've got no interest in INTC - one of the reasons I originally got into AMD was because they were eating Intel's lunch.

I was thinking of getting more NVDA but I have a pretty cost basis there so not sure.

I have AMD at 91 in one account but treading water in another. Thinking of dumping in the second account.

I changed my interface to not show cost basis anymore because I would sometimes pass on buying more of things so I didn't ruin my sexy cost basis number. It's been both good and bad. Good because I now feel okay buying stuff higher that I already own at a good cost basis, but bad because I don't have that to excite me anymore so I've had to revert back to pr0n.

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

$19!!

But I don't own NVDA.

So, call it a wash. What's somewhere between yoga pants and bellbottoms?

Guess I'm googling Jorts.

 

[General Malaise]

Well......here's to NVDA running back to the 10 pole and doing it all over again.

 

[Dr_Zaius]

My AAPL basis is 160, so that one’s not nearly as fun for me

 

[nysfl2]

I just got into NVDA this week



(and I'm still up 5%)

 

[identikit]

NVDA up 2% while I'm sleeping

Uncanny

 

[Capella]

NVDA up 2% while I'm sleeping

Uncanny

Has there ever been a stonk like this? This is honestly crazy.

 

[Bossman]

NVDA up 2% while I'm sleeping

Uncanny

Has there ever been a stonk like this? This is honestly crazy.

It's also making some of my ETF's and index funds very healthy.
Vanguard MGK is 10% NVDA, VGT is 11% NVDA. I'm walnuts deep in that one.

 

[General Malaise]

Schwab's been having some technical difficulties the last month or so and today when I logged in, I saw my main account up 15% for the day.

Almost had a heart attack so began in earnest looking for the reason why I was up so big......nothing. Logged in at work and got this URGENT MESSAGE:

Date: 6/13/2024
Category: Urgent Notification
Opening account balances and day change values may be inaccurate for some securities. As we work to resolve the issue this may impact your buying power. Balances and day change values are expected to be corrected overnight and before market open Friday. Please accept our apologies as our teams work to resolve the issue.




Glad I didn't quit this morning on my way in.....

 

[McBokonon]

Started an $APP position over the last couple of days.

 

[Sand]

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

I can show a sexy leg with my ~$3.50 cost basis for some of my AAPL. Sadly they are going away as I slowly donate those shares and rebuy at higher cost basis so I pay less taxes when I finally cash those in for real.

 

[ConstruxBoy]

NVDA up 2% while I'm sleeping

Uncanny

Has there ever been a stonk like this? This is honestly crazy.

Stonks Nvidia go up!

 

[McBokonon]

Buy the dip on Adobe (ADBE)? Down 14% to 490 today while pundit price targets are holding at 640.

I'm tempted, as 1) they have that creative biz on lock down, so it gives them a "floor", and 2) I think they'll be a beneficiary of AI as they start continue to incorporate and monetize that across their portfolio. But I have recently bought the dips in both the PANW (I'm even) and SNOW (it fell another 10%), and if the tech trade does in fact stall out here there may be opportunities to buy even lower.

tl;dr hell if I know

Earnings tonight, now trading at $457. Forward P/E of 25. Gotta think expectations are really low, no?

 

[Bob Sacamano]

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

I can show a sexy leg with my ~$3.50 cost basis for some of my AAPL. Sadly they are going away as I slowly donate those shares and rebuy at higher cost basis so I pay less taxes when I finally cash those in for real.

This is a good idea I've lost sight of and want to start executing on. Thanks.

 

[Bob Sacamano]

Buy the dip on Adobe (ADBE)? Down 14% to 490 today while pundit price targets are holding at 640.

I'm tempted, as 1) they have that creative biz on lock down, so it gives them a "floor", and 2) I think they'll be a beneficiary of AI as they start continue to incorporate and monetize that across their portfolio. But I have recently bought the dips in both the PANW (I'm even) and SNOW (it fell another 10%), and if the tech trade does in fact stall out here there may be opportunities to buy even lower.

tl;dr hell if I know

Earnings tonight, now trading at $457. Forward P/E of 25. Gotta think expectations are really low, no?

Probably. This is a company I watched and wanted to own for a long time, finally bought into, made a nice return on, and sold out of. With fairly fortunate timing, actually. I just can't figure out how to play them going forward. If you continue to like the company, I don't know how this isn't a buy point. They're beaten down and they're going to hammer the AI angle on their call. But the potential for AI cannibalization concerns me with them. How does it not lead to fewer licenses needed by end-users and not impact monetization? But on what time horizon does that even potentially happen? No idea how to gauge those things.

 

[FreeBaGeL]

Buy the dip on Adobe (ADBE)? Down 14% to 490 today while pundit price targets are holding at 640.

I'm tempted, as 1) they have that creative biz on lock down, so it gives them a "floor", and 2) I think they'll be a beneficiary of AI as they start continue to incorporate and monetize that across their portfolio. But I have recently bought the dips in both the PANW (I'm even) and SNOW (it fell another 10%), and if the tech trade does in fact stall out here there may be opportunities to buy even lower.

tl;dr hell if I know

Earnings tonight, now trading at $457. Forward P/E of 25. Gotta think expectations are really low, no?

Probably. This is a company I watched and wanted to own for a long time, finally bought into, made a nice return on, and sold out of. With fairly fortunate timing, actually. I just can't figure out how to play them going forward. If you continue to like the company, I don't know how this isn't a buy point. They're beaten down and they're going to hammer the AI angle on their call. But the potential for AI cannibalization concerns me with them. How does it not lead to fewer licenses needed by end-users and not impact monetization? But on what time horizon does that even potentially happen? No idea how to gauge those things.

Their AI implementation is pretty impressive and one of the few use cases where it's actually already beneficial to users and not just buzzwords. The problem is that AI is more of a customer retention thing for them than growth. They have to do it to keep their already existing subscribers from jumping ship if someone else does it. I don't think it's really bringing in many new customers.

 

[Sand]

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

I can show a sexy leg with my ~$3.50 cost basis for some of my AAPL. Sadly they are going away as I slowly donate those shares and rebuy at higher cost basis so I pay less taxes when I finally cash those in for real.

This is a good idea I've lost sight of and want to start executing on. Thanks.

Yeah - this is one of those "why haven't I been doing this for years and years?" kind of thing. Fidelity makes it pretty easy to donate shares over which wipes out the profit issue. Use cash to rebuy at current prices. It's like tax gain harvesting, but without paying capital gains. If you do a good bit of charity donations it makes all kinds of sense.

 

[General Malaise]

Hoping you altruistic folks will consider The Human Fund at Christmas time. Payment details in my profile.

 

[JB Breakfast Club]

Buy the dip on Adobe (ADBE)? Down 14% to 490 today while pundit price targets are holding at 640.

I'm tempted, as 1) they have that creative biz on lock down, so it gives them a "floor", and 2) I think they'll be a beneficiary of AI as they start continue to incorporate and monetize that across their portfolio. But I have recently bought the dips in both the PANW (I'm even) and SNOW (it fell another 10%), and if the tech trade does in fact stall out here there may be opportunities to buy even lower.

tl;dr hell if I know

Earnings tonight, now trading at $457. Forward P/E of 25. Gotta think expectations are really low, no?

Still have mine, so hoping for good news and a growth quarter.

 

[JB Breakfast Club]

Buy the dip on Adobe (ADBE)? Down 14% to 490 today while pundit price targets are holding at 640.

I'm tempted, as 1) they have that creative biz on lock down, so it gives them a "floor", and 2) I think they'll be a beneficiary of AI as they start continue to incorporate and monetize that across their portfolio. But I have recently bought the dips in both the PANW (I'm even) and SNOW (it fell another 10%), and if the tech trade does in fact stall out here there may be opportunities to buy even lower.

tl;dr hell if I know

Earnings tonight, now trading at $457. Forward P/E of 25. Gotta think expectations are really low, no?

Still have mine, so hoping for good news and a growth quarter.

Beat rev
Beat EPS
$510 AH

 

[Bob Sacamano]

Buy the dip on Adobe (ADBE)? Down 14% to 490 today while pundit price targets are holding at 640.

I'm tempted, as 1) they have that creative biz on lock down, so it gives them a "floor", and 2) I think they'll be a beneficiary of AI as they start continue to incorporate and monetize that across their portfolio. But I have recently bought the dips in both the PANW (I'm even) and SNOW (it fell another 10%), and if the tech trade does in fact stall out here there may be opportunities to buy even lower.

tl;dr hell if I know

Earnings tonight, now trading at $457. Forward P/E of 25. Gotta think expectations are really low, no?

Still have mine, so hoping for good news and a growth quarter.

Beat rev
Beat EPS
$510 AH

And rising. Nice!

 

[Bob Sacamano]

Guidance: "STFU Bob. You're a moron."

EPS: $4.48 vs $4.39 est
Rev: $5.31B vs $5.29B est
Q3 EPS forecast: $4.50-$4.55 vs $4.17
FY24 EPS forecast $18.00-$18.20 vs $16.78

 

[3C's]

ok Oracle.

yesterday was fun!

 

[SFBayDuck]

Buy the dip on Adobe (ADBE)? Down 14% to 490 today while pundit price targets are holding at 640.

I'm tempted, as 1) they have that creative biz on lock down, so it gives them a "floor", and 2) I think they'll be a beneficiary of AI as they start continue to incorporate and monetize that across their portfolio. But I have recently bought the dips in both the PANW (I'm even) and SNOW (it fell another 10%), and if the tech trade does in fact stall out here there may be opportunities to buy even lower.

tl;dr hell if I know

Earnings tonight, now trading at $457. Forward P/E of 25. Gotta think expectations are really low, no?

Still have mine, so hoping for good news and a growth quarter.

Beat rev
Beat EPS
$510 AH

And rising. Nice!

hopefully it can hold on to the gains...my company jumped 10% AH on earnings last week, and by the end of the next day closed slightly down.

 

[urbanhack]

Buy the dip on Adobe (ADBE)? Down 14% to 490 today while pundit price targets are holding at 640.

I'm tempted, as 1) they have that creative biz on lock down, so it gives them a "floor", and 2) I think they'll be a beneficiary of AI as they start continue to incorporate and monetize that across their portfolio. But I have recently bought the dips in both the PANW (I'm even) and SNOW (it fell another 10%), and if the tech trade does in fact stall out here there may be opportunities to buy even lower.

tl;dr hell if I know

Earnings tonight, now trading at $457. Forward P/E of 25. Gotta think expectations are really low, no?

Adobe employees slam the company over AI controversy: 'Let's avoid becoming like IBM'

Adobe faces internal and external criticism over a Terms of Use update that suggested customer content might be used to train AI models.

www.businessinsider.com

The Adobe AI backlash should be a warning to every tech brand

Trust can’t be generated artificially.

www.creativebloq.com

 

[Capella]

NVDA up 2% while I'm sleeping

Uncanny

Has there ever been a stonk like this? This is honestly crazy.

Stonks Nvidia go up!

Yea I unloaded my AMD today that was treading water and bought more nvda. Cost basis be damned. I just couldn’t imagine AMD out gaining it over the next 3-5 years.

 

[SFBayDuck]

NVDA up 2% while I'm sleeping

Uncanny

Has there ever been a stonk like this? This is honestly crazy.

Stonks Nvidia go up!

Yea I unloaded my AMD today that was treading water and bought more nvda. Cost basis be damned. I just couldn’t imagine AMD out gaining it over the next 3-5 years.

That's kind of what I was thinking I'd do. Go with the clear category winner.

 

[Capella]

NVDA up 2% while I'm sleeping

Uncanny

Has there ever been a stonk like this? This is honestly crazy.

Stonks Nvidia go up!

Yea I unloaded my AMD today that was treading water and bought more nvda. Cost basis be damned. I just couldn’t imagine AMD out gaining it over the next 3-5 years.

That's kind of what I was thinking I'd do. Go with the clear category winner.

I have some amd in another account that has done very well but I don’t want to pay taxes on it if I clear it out. Might be small thinking there but I’ll just hold that cache.

 

[kevzilla]

Up 2% yesterday, down 2% today. My neck hurts. My concept of "sideways " is not quite so violent.

 

[FreeBaGeL]

Yeah, those yoga pants look good on her, but have you ever seen a $55 cost basis on AAPL?!

I can show a sexy leg with my ~$3.50 cost basis for some of my AAPL. Sadly they are going away as I slowly donate those shares and rebuy at higher cost basis so I pay less taxes when I finally cash those in for real.

This is a good idea I've lost sight of and want to start executing on. Thanks.

Yeah - this is one of those "why haven't I been doing this for years and years?" kind of thing. Fidelity makes it pretty easy to donate shares over which wipes out the profit issue. Use cash to rebuy at current prices. It's like tax gain harvesting, but without paying capital gains. If you do a good bit of charity donations it makes all kinds of sense.

Yeah this is something I just learned about a few months ago when listening to a podcast. What a waste all these years not doing it this way. I was actually pretty pissed as I pay a CPA a not cheap amount for my taxes and they had never brought this to my attention.

 

[metoo]

ADBE

 

[JB Breakfast Club]

Been a rough month for TGT. I still feel like they'll turn around, but I thought they'd gain more market share after the Pride blowback from last year wore off...

 

[Sand]

I am unaccustomed to this red color. Please make it stop.

 

[Bob Sacamano]

I am unaccustomed to this red color. Please make it stop.

I want trading reclosed right now. Get those brokers back out of here! Turn those machines back off!

 

[FreeBaGeL]

Been a rough month for TGT. I still feel like they'll turn around, but I thought they'd gain more market share after the Pride blowback from last year wore off...

The stock was up 70% from the lows after the blowback. Granted they've given almost half of that back now but it's still way up off those lows.

 

[metoo]

Been a rough month for TGT. I still feel like they'll turn around, but I thought they'd gain more market share after the Pride blowback from last year wore off...

The stock was up 70% from the lows after the blowback. Granted they've given almost half of that back now but it's still way up off those lows.

Give them time. A cart and a cup of Starbucks and everyone is good at Target. Starbucks is in everyone's Target?