Sideshow Bob
Footballguy
To have a line as perfect as "jerk store" and to never use it. I couldn't live with myself.
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Stock Thread (17 Viewers)
- Thread starter St. Louis Bob
- Start date
Dr_Zaius
Footballguy
I had on order for selling an out of the money covered call not fill on Friday. I was busy yesterday but when I saw the stock movement was glad I didn't sell the call and was going to do so today. D'oh!
beef
Footballguy
ST, agreed. I trimmed some SOXL last week in my play money account for house projects. Should have trimmed more...
I think 3.3T will seem small for NVDA a decade from now though.
FreeBaGeL
Footballguy
Anyone been watching this craziness with $DRUG? The thing is trading in a way that makes lowcap manipulated crypto ****coins jealous.
It's too bad whomever is manipulating the hell out of this couldn't have pumped the stock that shall not be named 2500% in a day a few years ago.
ETA: Makes the peak GME pump look like a boring index fund by comparison.
It's too bad whomever is manipulating the hell out of this couldn't have pumped the stock that shall not be named 2500% in a day a few years ago.
ETA: Makes the peak GME pump look like a boring index fund by comparison.
Bossman
Footballguy
Seems that if you purchased $2k worth on Oct 1st, you could have sold for about $89k after hours yesterday.
Yikes.
McBokonon
Footballguy
Well, $APP has been amazing for me. Overall position is up 113% since I started buying in June. Gonna trim about a quarter of my position here and let the rest ride through whatever volatility might happen.Just bought some more on the AH dip. Good numbers IMO.Started an $APP position over the last couple of days.
ETA: Just went green. Bottom-ticked that sucker at $59 and it's back to 67+
Todem
Footballguy
Did anyone jump on these two back when I made this post?
SBUX up 30% from our cost basis
CVS up 24% from our cost basis
Oh and NVDA added another 25% from that post…..It’s frothy here and we will start trimming here. Most likely take our original investment into NVDA and ride the free roll on the rest. I am still a long term bull on this pony.
SBUX target is around 100-105 for me….then we may go ahead and cash the trade out.
CVS we are still little longer…..this stick is still really really cheap and I continue to tell clients forget the stores…..block out the noise on store closings….that is downsizing to be leaner and the real assets in CVS is the medical data and the data mine they have. Kinda like McDonalds…..the real estate is their asset. Not the food.
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Pigskin Fanatic
Footballguy
I bought CVS that day and am holding so far. and as mentioned I'm reading up on the news regarding their med business and not the brick & mortar. thanks Todem.
Sullie
Footballguy
I'd like to tell you all why MP Materials is up over 6% today. I can't, but I would like to.
Am I warm?
The stock shot 6% higher thanks to ostensibly negative news from overseas. Such performance crushed that of the bellwether S&P 500 index; the leading market indicator slumped by 0.2% on the day. So what China, a major source of numerous rare earth materials, is about to impose heavy curbs on the export of such goods.
General Malaise
Footballguy
Yeah, the tech behemoths are vocally out in support of small modular reactors to power the future of AI, data centers, etc. That's not new news but it is rather new to hear the big boys embrace nuclear as the best source for their needed electricity.
McBokonon
Footballguy
Haven't been following them. How do they/will they monetize these data?
I was going to make a long post this morning, but never got around to it. So I'm going to type out a shorter version. I didn't really have a thread to post it in, and didn't feel like making it it's own thread, but it's kind of financially oriented and this thread is one of the very few where I read everyone's post and like just about everyone, whether I agree with your opinions or not.
Everyone is a genius when the market is ripping (and I am no exception), but you know what scares me? Big numbers.
First and foremost is the national debt which I know I've posted about in numerous threads. Seems to me that most everyone either doesn't care about it, doesn't worry about it or else feels the can, can and will be kicked down the road forever. It just continues to grow, exponentially. It's over 35 trillion now, and no fiscal policy I've seen proposed by anyone is going to do anything but add to this debt and it is going to hit 50 trillion in less than 10 years which is DOUBLE what our current GDP is.
But, the real reason I wanted to post something was I heard something the other day, and this got me thinking and when I think I get scared. And I tried speaking to my wife about it but she's about as interested in financial discussions as I am in the reality tv shows she enjoys watching. To each their own I suppose.
Over the past 2 years, the net worth of the 44% of American's that own any kind of asset (stocks, bonds, real estate, etc...) grew by 50 trillion buckaroos. We're all geniuses, right? I keep track of my net worth quarterly and you all can rest easy knowing that my net worth has increased a lot over the past 2 years. 50%. I mean, that's completely unstainable and I understand that, because if that kept up, in 5 more years, I'd need to change my username to ChetGuru_007.
But I digress. $50 trillion bucks over 2 years for 44% of Americans. That's less than half our country. And do you know that $50 trillion is just a touch shy of 50% of the GDP on planet earth? I did some back of the envelope numbers and that's about 2% of the population of Earth that's increasing their net worth at a clip of 50 person of the net output of every person on earth. Yeah, I get that net worth does not equal GDP at all, but just putting numbers on the page here, it's little wonder why we spend so much on defense each year.
I am not necessarily saying where in a bobble here, but never has it been more evident that there are haves and have nots in this world and when I start seeing big numbers, well, I feel uneasy.
Everyone is a genius when the market is ripping (and I am no exception), but you know what scares me? Big numbers.
First and foremost is the national debt which I know I've posted about in numerous threads. Seems to me that most everyone either doesn't care about it, doesn't worry about it or else feels the can, can and will be kicked down the road forever. It just continues to grow, exponentially. It's over 35 trillion now, and no fiscal policy I've seen proposed by anyone is going to do anything but add to this debt and it is going to hit 50 trillion in less than 10 years which is DOUBLE what our current GDP is.
But, the real reason I wanted to post something was I heard something the other day, and this got me thinking and when I think I get scared. And I tried speaking to my wife about it but she's about as interested in financial discussions as I am in the reality tv shows she enjoys watching. To each their own I suppose.
Over the past 2 years, the net worth of the 44% of American's that own any kind of asset (stocks, bonds, real estate, etc...) grew by 50 trillion buckaroos. We're all geniuses, right? I keep track of my net worth quarterly and you all can rest easy knowing that my net worth has increased a lot over the past 2 years. 50%. I mean, that's completely unstainable and I understand that, because if that kept up, in 5 more years, I'd need to change my username to ChetGuru_007.
But I digress. $50 trillion bucks over 2 years for 44% of Americans. That's less than half our country. And do you know that $50 trillion is just a touch shy of 50% of the GDP on planet earth? I did some back of the envelope numbers and that's about 2% of the population of Earth that's increasing their net worth at a clip of 50 person of the net output of every person on earth. Yeah, I get that net worth does not equal GDP at all, but just putting numbers on the page here, it's little wonder why we spend so much on defense each year.
I am not necessarily saying where in a bobble here, but never has it been more evident that there are haves and have nots in this world and when I start seeing big numbers, well, I feel uneasy.
jamny
Footballguy
Yeah, it is kinda crazy to think of Google and MSFT running nuclear plants but it's an interesting development.
Bossman
Footballguy
There are many times when I wonder why I should have "bonus wealth" from pushing buttons at etrade when so many others will never have that.
They've worked as hard (or harder) than me. They contribute to society and deserve as much as I have, sometimes more.
Then I see those 130ft yachts in the harbor, private jets, 7 bathroom mansions with swimming pools and live-in servants and think "I'll never have that" .... so it goes both ways.
But yes, there are haves and have nots in this world. I'm grateful for what I have.
Todem
Footballguy
The vast majority of this wealth gain for most of the country is in their primary homes.
And I am deadly worried about the National Deficit. It is the 800 pound gorilla in the room and is absolutely unsustainable.
It is political suicide to even talk about it. I don’t want to get political at all here. But this is a huge problem and there are no adults in the room on either side addressing this at all.
So…..I don’t know what to even say anymore. But it is ridiculous and unsustainable.
I jumped in on CVS. Have sold most of it for a nice profit at this point.
General Malaise
Footballguy
SMRs have been a viable concept for years, we just haven't seemed to push towards them for......reasons. But Bill Gates has owned physical uranium (lots of it, trust me) since 2004. And when he broke ground in Kemerer, WY on a new plant, he was announcing his intent to move towards a cleaner, greener source of power that will be a much larger component of future energy production.
Regretting the sale of all my DNN now. Probably jump back in soon.
Bossman
Footballguy
Lucid stock is on sale today.
Apparently down 20% after hours on news of a 262 mil shares public offering
Lucid Group Announcement
Apparently down 20% after hours on news of a 262 mil shares public offering
Lucid Group Announcement
Dr_Zaius
Footballguy
Somehow screwed up my order for selling a Dec 165 NVDA call yesterday, but it worked out as I sold a Dec 168 call this morning for 4.25, which is more than I would have gotten for the 165 call yesterday.
I'm sure I'll get burned eventually, but the NVDA options are so expensive that I've been having good results selling a well out of the money covered call when we get an upswing, and then selling a well out of the money uncovered put when we get a downswing.
I'm sure I'll get burned eventually, but the NVDA options are so expensive that I've been having good results selling a well out of the money covered call when we get an upswing, and then selling a well out of the money uncovered put when we get a downswing.
kevzilla
Footballguy
You are ostensibly warm, lol. It's a little disappointing that Google didn't surface that for me. So far, this has been a poor speculation that might yet turn out great.I'd like to tell you all why MP Materials is up over 6% today. I can't, but I would like to.
Am I warm?
The stock shot 6% higher thanks to ostensibly negative news from overseas. Such performance crushed that of the bellwether S&P 500 index; the leading market indicator slumped by 0.2% on the day. So what China, a major source of numerous rare earth materials, is about to impose heavy curbs on the export of such goods.
kevzilla
Footballguy
I might mess around and have a double on BX at the close. My discipline says to sell half and let the other half, with a real cost basis of bupkis, continue to compound. Time to find something else that will double in a couple of years.
I don't know. Seems like the wind is at their back; they have companies they are allegedly looking to take public, which would only add to what is already more than a little dry powder. They can apply that to other deals that will easier to make in a lower-rate environment. Those rates will also help them manage their way around whatever stink-bombs might exist in their RE portfolio.
My brother asked me what they did and I said, "Evil." In that voice. Gonna hold for a while, see if I can get away with selling a third.
I don't know. Seems like the wind is at their back; they have companies they are allegedly looking to take public, which would only add to what is already more than a little dry powder. They can apply that to other deals that will easier to make in a lower-rate environment. Those rates will also help them manage their way around whatever stink-bombs might exist in their RE portfolio.
My brother asked me what they did and I said, "Evil." In that voice. Gonna hold for a while, see if I can get away with selling a third.
Capella
Footballguy
People don’t care because it’s not in their face and they have real world every day problems to deal with. Politicians can’t talk about it because you’ll never get elected discussing tax increases or cutting military spending. So, we’re stuck.
I don’t even know what’s going to happen. It’s something so far outside of my knowledge range that even I don’t consider it.
Todem
Footballguy
smart move....no reason not to take in some income....and if you get called out.....you can buy it back when the stock has a real correction at some point.
Me? I already got my original investment out....two times now. 200% gain and now we are free rolling again times 2.
Todem
Footballguy
This is gonna make lives even worse......it's unsustainlable and can have serious damaging effects on people's everyday lives.
Once these election’s are over it is going to become front and center in a NY minute. It must be dealt with or are we are in big trouble soon.
It is the only thing truly worrying me about the future of the economy.
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Capella
Footballguy
For sure, but you know what I mean. The average American has too many problems to add this to their list.
Todem
Footballguy
Agreed.
Sideshow Bob
Footballguy
+1 Thanks T
Todem
Footballguy
Read this article.
Also keep in mind a good majority of Aetna Health was acquired by CVS
CVS Health’s transformation rides on data, AI and customer experiences
CVS Health has big plans to deliver health care to consumers across multiple touch points, but its success will depend on how it leverages data across its multiple touch points to deliver good customer experiences. What CVS Health is aiming to do is improve customer experiences (and patient...
Dezbelief
Footballguy
CVS is working on owning the whole supply chain for prescriptions. CVS owns stores, insurance companies and wholesalers. I haven't researched if they own drug manufacturers.Read this article.
Also keep in mind a good majority of Aetna Health was acquired by CVS
CVS Health’s transformation rides on data, AI and customer experiences
CVS Health has big plans to deliver health care to consumers across multiple touch points, but its success will depend on how it leverages data across its multiple touch points to deliver good customer experiences. What CVS Health is aiming to do is improve customer experiences (and patient...www.constellationr.com
Orange&Blue
Footballguy
Question...how long do hold a high performing stock?
I've got a decent stash in AXP with 170%+ cost basis. Can't help but think that it's got to reach a limit at some point.
I've got a decent stash in AXP with 170%+ cost basis. Can't help but think that it's got to reach a limit at some point.
JB Breakfast Club
Footballguy
Well, CVS looks to be offering a buy opportunity today if you're long on it.
steelerfan1
Footballguy
I just bought yesterday. YAY ME!
No one knows! That's the beauty of it.
If you ascribe to the Warren Buffet philosophy, the ideal length for an investment is forever.
If it's in a taxable account and you sell, you're 170%+ gain will be given a nice little haircut.
If it's in a retirement account, you'll put off those taxes, but will still want/need to find a new place to invest.
If nothing has changed about the reasons you bought AXP, then I don't see a reason to sell. If you feel that the economy may be on shaky ground and want to lock in gains, maybe sell 1/3 of your position to lock in gains and let the rest run?
I don't own AXP, but a cursory glance shows it trading at a 21 PE which isn't too frothy as it's been as high as 30 over the past 5 years. But it is certainly trading a touch above historical averages. g'luck
steelerfan1
Footballguy
up about 10% on the day now. I've been contemplating selling since it hit $700 but have been stubborn.Netflix having a very healthy premarket today.
I'm thinking this might be a good opportunity to sell calls.
eta: except they aint payin s*** for whatever reason
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Todem
Footballguy
A sign the stock is going to come down based on crappy call premiums.Netflix having a very healthy premarket today.
I'm thinking this might be a good opportunity to sell calls.
eta: except they aint payin s*** for whatever reason
How far out and what strike are you looking at?
Bossman
Footballguy
I was looking at Nov 15 @ $795.A sign the stock is going to come down based on crappy call premiums.Netflix having a very healthy premarket today.
I'm thinking this might be a good opportunity to sell calls.
eta: except they aint payin s*** for whatever reason
How far out and what strike are you looking at?
Looks a little better now than it did after open.
Todem
Footballguy
Check out a Dec or Jan. Obviously you will get a much better premium for a higher strike if your goal is to stay long, create a dividend for NFLX but not mind being called away.I was looking at Nov 15 @ $795.A sign the stock is going to come down based on crappy call premiums.Netflix having a very healthy premarket today.
I'm thinking this might be a good opportunity to sell calls.
eta: except they aint payin s*** for whatever reason
How far out and what strike are you looking at?
Looks a little better now than it did after open.
Check strikes for 20-30% out of the money in January (Traditionally a volatile month).
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And I'm back in!!!
