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Stock Thread (17 Viewers)
- Thread starter St. Louis Bob
- Start date
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Insoxicated
Just a tad
McBokonon
Footballguy
This is going to hurt a little today, a top 5 holding. Looks like it was down even further but recovered. Wasn’t a breach so this is probably a chance to potentially add or start a position. Maybe not today, though.
Sand
Footballguy
Not sure about that. The chances they're bankrupted by this are pretty good. Hundreds of billions in damage done.
cosjobs
Footballguy
Yeah, it wasn't and outside force that caused this, they programmed it themselves. Reputation is everything in their line and theirs is now extremely tarnished.
McBokonon
Footballguy
They're not going bankrupt. But this IS pretty crazy. I'm reconsidering. I have outsized gains here in an IRA so I might take my profits and see what happens - assuming I can sell on Schwab which is impacted by Crowdstrike's kerfuffle.
kevzilla
Footballguy
I thought AMZN was ahead for the foreseeable future, but they have switched places this morning.My 2nd-largerst position beat on revenue, missed on earnings, and cut the dividend. Up 1.2%
My largest position announced record volume at their annual midsummer sale. Down 2.86%
I don't know
DevilDog919
Footballguy
Anyone think PANW will benefit from this? It’s up a little today.
SFBayDuck
Footballguy
Probably, since I sold my position last week (at $330, so a little higher than where it is now). They just mentioned it on business entertainment tv.
Apparently crypto is benefiting, MSTR up 11% right now, FBTC up 4.5%. Or that could be completely unrelated to this mess and tied more to the increasing likelihood of a more "crypto-friendly" government coming.
FreeBaGeL
Footballguy
It's a pretty good moat that if you have a catastrophic failure that will impact the stock price, one of the side effects is that many of the brokerages where people could sell the stock are down as well. Neat trick 
I'm actually surprised it has bounced and settled in at only around 10% down. About the same NVDA is down based on talk in an interview from a guy that's not even president yet about something that in a worst case scenario wouldn't effect revenue for quite some time, whereas CRWD could stop dropping customers tomorrow.
I'm actually surprised it has bounced and settled in at only around 10% down. About the same NVDA is down based on talk in an interview from a guy that's not even president yet about something that in a worst case scenario wouldn't effect revenue for quite some time, whereas CRWD could stop dropping customers tomorrow.
Sand
Footballguy
I am highly considering shorting this. In two years they will have 50-100 billion of debt they need to service due to all the lawsuits and settlements for damages. Right now they service about a billion in debt.
FreeBaGeL
Footballguy
Yea delta CEO said something like "we will be compensating our customers, but we won't be the ones paying for it."
McBokonon
Footballguy
I did ultimately exit. Took my huge gains and will just see where this goes because it just seemed to get worse and worse the more I read. But now I have all this sideline cash burning a hole in my pocket.
McBokonon
Footballguy
PHEW!
The General
Footballguy
I am buying in today.
KGB
Footballguy
Did you bet against?
KGB
Footballguy
Interested and down more after hours
General Malaise
Footballguy
It's a penny stock lipsticked to look like something more. Look at their financials....I see a market cap anywhere from 64 million to 124 million and EPS anywhere from -$21 to -145.
I'm not even sure how this thing has passed regulatory standards to be a publicly traded company. They seem to be using every accounting gimmick in the book to stay alive.
I'll probably buy more tomorrow.
Bob Sacamano
Footballguy
If this isn't bottom for them, I have to think it's because the economy gets worse. Volumes up for the first time in a couple years seems positive. The guidance didn't seem awful. Will be low expectations going forward, but there were today, too, so...
Bob Sacamano
Footballguy
Prob. going to look closer at adding to V tomorrow.
Dezbelief
Footballguy
Had a nice day.
Bob Sacamano
Footballguy
Been reading Barron's?
No, I am too cheap to subscribe to Barron's and too busy to read anything. It's a sad state. But when I saw the chart this morning with two major legs down, it got me interested. Down even more in mid-day. I wish I knew more about the company to determine whether it should be bought. They sell frozen potatoes. How does that lose 40% in stock price in three months? Seems like it should be as boring and stable as, well, potatoes.Been reading Barron's?
cosjobs
Footballguy
No, I am too cheap to subscribe to Barron's and too busy to read anything. It's a sad state. But when I saw the chart this morning with two major legs down, it got me interested. Down even more in mid-day. I wish I knew more about the company to determine whether it should be bought. They sell frozen potatoes. How does that lose 40% in stock price in three months? Seems like it should be as boring and stable as, well, potatoes.
Perfect storm of Otezla and people sick of paying $20 for fast food lunches.
Nonetheless, the company is still turning a profit and trading at 5-year lows. I just bought three long term in-the-money calls. Maybe they'll do well enough that I'll be able to dine at McDonalds again in the future.No, I am too cheap to subscribe to Barron's and too busy to read anything. It's a sad state. But when I saw the chart this morning with two major legs down, it got me interested. Down even more in mid-day. I wish I knew more about the company to determine whether it should be bought. They sell frozen potatoes. How does that lose 40% in stock price in three months? Seems like it should be as boring and stable as, well, potatoes.
Perfect storm of Otezla and people sick of paying $20 for fast food lunches.
Bob Sacamano
Footballguy
"Lamb Weston reported a $71 million charge to write off the excess supply, with the processor noting inflation-wary consumers are dining out less."
I'm sure there's data to support that assertion, but anecdotally, it sure doesn't feel like restaurants are less busy.
I'm sure there's data to support that assertion, but anecdotally, it sure doesn't feel like restaurants are less busy.
Bob Sacamano
Footballguy
Also, that's a last quarter statement. Not this quarter.
fruity pebbles
Footballguy
Well, that was a day if you’re long tech.
fruity pebbles
Footballguy
Tesla had no business running up in the first place other than…….everything else did.
The General
Footballguy
PANW
Needed this today.
Nevermind…that was a bug in my tracker. Showed like a 50% spike AH’s that quickly corrected itself
Needed this today.
Nevermind…that was a bug in my tracker. Showed like a 50% spike AH’s that quickly corrected itself
steelerfan1
Footballguy
Hey, but at least bonds were down…
KGB
Footballguy
Thanks homie
FreeBaGeL
Footballguy
PANW
Needed this today.
Nevermind…that was a bug in my tracker. Showed like a 50% spike AH’s that quickly corrected itself
Haha I was going to cry as I sold 95% of my holdings in this today as I tried to de-risk a bit.
ConstruxBoy
Kate's Daddy
But stonks. go. up.PANW
Needed this today.
Nevermind…that was a bug in my tracker. Showed like a 50% spike AH’s that quickly corrected itself
Haha I was going to cry as I sold 95% of my holdings in this today as I tried to de-risk a bit.
JB Breakfast Club
Footballguy
Ford getting crushed AH for earnings miss...are we getting closer to a rate cut with a string of poor earnings?
McBokonon
Footballguy
Beat and raise from $CLS, up around 6-7% AH.
SFBayDuck
Footballguy
2022 vibes.
