Stock Thread (5 Viewers)

[FreeBaGeL]

Worth noting that MSTR no longer seems to be offering the kind of leveraged gains on BTC like it was in the past. BTC is up 16% this month while MSTR up 10%.

But it's still offering leverged losses on down days.

 

[General Malaise]

I opted to play FBTC and IBIT for BTC exposure. I felt compelled to put something on after the election and know I'm way way way way way way way late to the crypto party. I still don't understand it. I nod along when I hear 'blockchain' like Homer Simpson listening to nuclear power instructions but damned if I'm going to miss out THIS time!

 

[Bob Sacamano]

https://www.canberratimes.com.au/images/transform/v1/crop/frm/RXMuw2JbrrS7ELSxSY9rkR/af4a912d-9716-423f-90d5-59f2ff4fb5bb.jpg/r23_60_616_416_w1200_h678_fmax.jpg

 

[General Malaise]

So glad the laughing like thingee is back.

 

[SFBayDuck]

I opted to play FBTC and IBIT for BTC exposure. I felt compelled to put something on after the election and know I'm way way way way way way way late to the crypto party. I still don't understand it. I nod along when I hear 'blockchain' like Homer Simpson listening to nuclear power instructions but damned if I'm going to miss out THIS time!

All the stuff the BTC maximalists have been spouting for years with religious fervor - imho you can pretty much ignore all of it. With the launch of ETFs, the ability to buy it at Fidelity, and likely more de-regulation coming, it's essentially digital gold at this point. In the continuum of investment/speculation/gamble, it seems to have moved up from gamble to squarely in the speculation category during this cycle, so treat it like a commodity with fluctuating (but seemingly steadily growing) demand and limited supply.

At least that's how I tried to explain it to my 83 year old dad last night.

Blockchain is a different conversation, and if you're talking ETH or many of the other cryptos that might actually have widely adopted use cases some day, it does come into play. But I think BTC has separated itself from the rest of the space.

 

[McBokonon]

Stared a position in $PSTG today. Going to wait until mid-late January to add more just in case there's post-2025 profit booking.

 

[identikit]

So glad the laughing like thingee is back.

It's a Festivus miracle!!!

 

[pecorino]

Someone explain to me how the data center aspect fits into their overall business. Is this basically going to be for them what AWS became for AMZN?

Data centers are the new power plants. And they sell the picks and shovels for them to be built out.

Which brings me to my next point on AI....we are going to enter a new modern day golden age for Utilities. You gotta power and cool all these data centers.

It's pronounced Nooo-cular.

Apologies if I missed it in this thread, but has there been much discussion about the modular nooooooocular sector?

Interested in SMR discussion particularly.

Check out OKLO, but it's turbulent.

Van Eck has a nuclear ETF: NLR - It has OKLO and CEG in it, as well as 25 or so others to research if you want the single stock route. I like to look at ETF holdings for new ideas. I made a Google sheet of their current holdings: https://docs.google.com/file/d/16sC...hXP8ZO/edit?usp=docslist_api&filetype=msexcel

I've been following NLR for about two weeks now. Haven't jump in. It moves a decent amount for an ETF. It's been between 87 and 95 in just those two weeks. For me, I'd like to have some exposure to nuclear but don't want just a single stock so I plan to jump in.

NLR trading sub 86, lowest in a couple months. I may buy a slice before year end.

 

[hooter311]

Worth noting that MSTR no longer seems to be offering the kind of leveraged gains on BTC like it was in the past. BTC is up 16% this month while MSTR up 10%.

But it's still offering leverged losses on down days.

Its because they have sold shares to purchase 80,000 btc during that time. They are front running the next big reserve purchaser, hopefully the US government.

 

[Dezbelief]

Worth noting that MSTR no longer seems to be offering the kind of leveraged gains on BTC like it was in the past. BTC is up 16% this month while MSTR up 10%.

But it's still offering leverged losses on down days.

Its because they have sold shares to purchase 80,000 btc during that time. They are front running the next big reserve purchaser, hopefully the US government.

Texas is talking about starting a btc reserve.

 

[⚡DEADHEAD⚡]

Bought a few shares in my wife's ROTH IRA of IONQ, a quantum play. I don't want to miss the boat on quantum, and understand the big boys like NVDA and MSFT are in the space, but there's room and IONQ is single-minded on quantum, which I like. A risk with lots of upside.

Up 45% in a week. Join me.

Life is funny. I should be celebrating this, but I'm mad at myself for not buying more. From $14.xx to $41.XX in 6 weeks.

 

[GoBirds]

Man, can't believe I'm still sitting on F stock from over a decade ago. Should have bit the bullet long ago and rolled into a mag 7. Ugh.

 

[pecorino]

Time to pile into CVS? Trading at $45 and change this morning.

 

[Sand]

Time to pile into CVS? Trading at $45 and change this morning.

Price performance from 5 days all the way out to a decade ago is all negative. CVS is down 50% from 2014. Kind of like PFE - why invest in something that has absolutely no history of returning value to shareholders?

Pass.

 

[General Malaise]

AMD just continuing its decline and I think I've seen enough. I've got a cost basis in the low 80s. Can always revisit but I think this thing isn't done selling off.

 

[Desert_Power]

Worth noting that MSTR no longer seems to be offering the kind of leveraged gains on BTC like it was in the past. BTC is up 16% this month while MSTR up 10%.

But it's still offering leverged losses on down days.

Its because they have sold shares to purchase 80,000 btc during that time. They are front running the next big reserve purchaser, hopefully the US government.

Texas is talking about starting a btc reserve.

I almost used the laughing reaction here but it would be at this idea instead of the poster.

 

[McBokonon]

AMD just continuing its decline and I think I've seen enough. I've got a cost basis in the low 80s. Can always revisit but I think this thing isn't done selling off.

I just took a nibble for my first time ever in the name. I do think there’s a chance of more tax loss selling so will likely add more in January. Sentiment is starting to feel like it did with Google when everyone said they missed the AI train and that position is going pretty well now.

 

[kevzilla]

I've been down 40% and up 25% on MP. Taking a big gulp of air as I sink below the waterline again....

 

[Harry Frogfish]

Man, can't believe I'm still sitting on F stock from over a decade ago. Should have bit the bullet long ago and rolled into a mag 7. Ugh.

Loved dinosaurs as a kid but never could get on one in the market. The list is long of slow-moving, bureaucratic behemoths full of grey hairs clinging to the saddle in their ride off into the sunset, dragging their donkeys along with them. Meanwhile brighter, nimble, hungrier and innovative minds fly right by them. Especially the last 35 years. It would take another asteroid to fix most of them. Not a good bet. They're best left in the swamp.

 

[Todem]

Time to pile into CVS? Trading at $45 and change this morning.

Price performance from 5 days all the way out to a decade ago is all negative. CVS is down 50% from 2014. Kind of like PFE - why invest in something that has absolutely no history of returning value to shareholders?

Pass.

Trade it, don’t invest in it.

 

[pecorino]

Time to pile into CVS? Trading at $45 and change this morning.

Price performance from 5 days all the way out to a decade ago is all negative. CVS is down 50% from 2014. Kind of like PFE - why invest in something that has absolutely no history of returning value to shareholders?

Pass.

Trade it, don’t invest in it.

I thought you were preaching patience with this one, what with the dividend, especially.

 

[Todem]

Time to pile into CVS? Trading at $45 and change this morning.

Price performance from 5 days all the way out to a decade ago is all negative. CVS is down 50% from 2014. Kind of like PFE - why invest in something that has absolutely no history of returning value to shareholders?

Pass.

Trade it, don’t invest in it.

I thought you were preaching patience with this one, what with the dividend, especially.

Patience for me on a “trade is 12-18 months” that’s not long term.

In my world thats a trade.

For other people trades are hours, days a few months.

Not me.

Investments for me are 3-5-10 years depending on the goals. They can be even longer like 15,20 years.

So be patient with CVS and collect that dividend for a year to 18 months and I expect a 25-35% trade in that time period.

I take that all day.

 

[Desert_Power]

So be patient with CVS and collect that dividend for a year to 18 months and I expect a 25-35% trade in that time period.

Get paid to wait.

 

[JB Breakfast Club]

ATIP, and SPAC turned penny stock, is doing a massive buyback at $2.85. It is currently $2.24. Can someone explain how that works? The stock ran up from 70 cents to $2.20 upon the news...won't it get to 2.85 eventually?

 

[Capella]

Time to pile into CVS? Trading at $45 and change this morning.

Price performance from 5 days all the way out to a decade ago is all negative. CVS is down 50% from 2014. Kind of like PFE - why invest in something that has absolutely no history of returning value to shareholders?

Pass.

Trade it, don’t invest in it.

I thought you were preaching patience with this one, what with the dividend, especially.

Patience for me on a “trade is 12-18 months” that’s not long term.

In my world thats a trade.

For other people trades are hours, days a few months.

Not me.

Investments for me are 3-5-10 years depending on the goals. They can be even longer like 15,20 years.

So be patient with CVS and collect that dividend for a year to 18 months and I expect a 25-35% trade in that time period.

I take that all day.

 

[SFBayDuck]

Everything dropped at 2:00 with the fed announcement - tech, value, REITs, gold, treasuries, crypto. Not sure how often you see that kind of correlation!

 

[Judge Smails]

Time to pile into CVS? Trading at $45 and change this morning.

Price performance from 5 days all the way out to a decade ago is all negative. CVS is down 50% from 2014. Kind of like PFE - why invest in something that has absolutely no history of returning value to shareholders?

Pass.

That whole industry is getting shredded. CVS, Walgreens and others have invested massive $$ to become diversified healthcare providers. In store clinics, buying primary care, etc. Massive failure. Heads have rolled. Think there is more downside to come. Don’t know how they turn it around. CVS also owns Aetna and there’s the backlash with insurance, PBM’s etc.

 

[Capella]

lol wtf happened. I thought we liked rate cuts?

 

[steelerfan1]

lol wtf happened. I thought we liked rate cuts?

MERRY CHRISTMAS!

 

[Sand]

lol wtf happened. I thought we liked rate cuts?

The guidance was for less cuts next year and the market is throwing a small tantrum. Nothing unusual. I think Jerome sidelights as the CEO of Snap - same reaction to every announcement he makes.

Having said that I bought some UAMY on the 17% slight dip today. Days like this have to be good for something.

 

[General Malaise]

lol wtf happened. I thought we liked rate cuts?

The guidance was for less cuts next year and the market is throwing a small tantrum. Nothing unusual. I think Jerome sidelights as the CEO of Snap - same reaction to every announcement he makes.

Having said that I bought some UAMY on the 17% slight dip today. Days like this have to be good for something.

NOW WE'RE TALKING!

Yeah, this is painful, but not altogether surprising.

 

[Todem]

Everything dropped at 2:00 with the fed announcement - tech, value, REITs, gold, treasuries, crypto. Not sure how often you see that kind of correlation!

But not CVS

 

[SFBayDuck]

Having said that I bought some UAMY on the 17% slight dip today. Days like this have to be good for something.

Was going to say "17% is a slight dip?" Then I saw it's up 215% on the month inclusive of that dip....so yeah, slight does apply in this case.

 

[pecorino]

Still eying MRNA and thinking it may have put in a bottom at $36 a couple weeks ago. May buy a bit today.

Edit: In at $38 this morning. Let's ride.

Look on the bright side of the slaughter today--MRNA is back to $38.50 in case you want to get in again.

 

[Desert_Power]

Man, I was just thinking the last couple of days that we had to be nearing peak "greed", but I'm surprised this Fed reaction isn't more priced in. The treasury rates have been signaling that rates will stay higher for longer.

 

[pecorino]

Man, I was just thinking the last couple of days that we had to be nearing peak "greed", but I'm surprised this Fed reaction isn't more priced in. The treasury rates have been signaling that rates will stay higher for longer.

Me, too. I assumed there would be end-of-year selling for tax harvesting purposes (which could still happen) and maybe more selling early in 2025 to lock in gains but not pay taxes until the next calendar year.

 

[Sand]

Man, I was just thinking the last couple of days that we had to be nearing peak "greed", but I'm surprised this Fed reaction isn't more priced in. The treasury rates have been signaling that rates will stay higher for longer.

Computer trading has made these swings more extreme. Just part of the game now.

 

[FreeBaGeL]

Man, I was just thinking the last couple of days that we had to be nearing peak "greed", but I'm surprised this Fed reaction isn't more priced in. The treasury rates have been signaling that rates will stay higher for longer.

Me, too. I assumed there would be end-of-year selling for tax harvesting purposes (which could still happen) and maybe more selling early in 2025 to lock in gains but not pay taxes until the next calendar year.

What could people possibly be loss harvesting after this year?

 

[SFBayDuck]

What could people possibly be loss harvesting after this year?

Just did quick screen on Etrade, almost 16% of stocks (1536 of the 9797 stocks in the screen) are within 10% of their 52 week lows.

ETA: I definitely have specific lots I've purchased this year of a handful of stocks that are currently underwater. I'd bet most people who have been buying a variety of things regularly throughout the year have tax loss harvesting opportunities.

 

[Sand]

What could people possibly be loss harvesting after this year?

Well, CVS, for one.

 

[SFBayDuck]

What could people possibly be loss harvesting after this year?

Well, CVS, for one.

They're on the list! Along with lots of names we all know like ADBE, AMD, AIG, AMGN, BUD, CPB, CDW, CVX, STZ, DVN, DEO, DOW, F, GIS,......

Filtering just by Large and Mega cap, I still got 186 matches.

 

[Todem]

What could people possibly be loss harvesting after this year?

Well, CVS, for one.

Fortunately I did not buy it 35% ago.

3 stocks we did tax harvest were:

PFE
BA
DEO

 

[Orange&Blue]

guess i shouldn't tell my kid his 529 contribution i did last week dropped 3% today...lol

 

[Bob Sacamano]

Any chance the spike in Guinness popularity drives some DEO result improvement?

 

[General Malaise]

Any chance the spike in Guinness popularity drives some DEO result improvement?

You're the only person I've witnessed ordering one of those in years. Popularity where? That stuff is bad tasting chewing gum.

 

[SFBayDuck]

Any chance the spike in Guinness popularity drives some DEO result improvement?

You're the only person I've witnessed ordering one of those in years. Popularity where? That stuff is bad tasting chewing gum.

I think I was drinking one when we ran into each other at the Pint Pot!

I don't drink them often, but it hits the spot on occasion in the right setting.

 

[guru_007]

Any chance the spike in Guinness popularity drives some DEO result improvement?

I love Guinness. Not sure I’ve seen any spike in popularity though. And imho DEO is dead stock walking. Plenty of better companies out there yo invest in.

 

[pecorino]

Humana crushed today on heavy volume. I'll do some research tonight and may buy some tomorrow.

Their Beirut office isn't turning in good numbers these days. Tehran office is sending out profit warnings.

HUM down 12% on Tuesday. Down 16% in premarket today. Yikes. Watching and waiting....

now down 21% premarket. ouch.

Bought 100 shares at $230 then immediately sold a November $260 call for $800 to lower the cost basis a bit more.

Looking over the carnage from today, I found HUM which somehow gained 2% but nonetheless is trading around $240, back down near the depths of the fall. I’ve been out of it since it got called away and not looking to buy back in, but thought I’d mention it here as I know some were looking at it earlier.

 

[Bob Sacamano]

Don't trust old people to know anything, I guess

Pubs introduce Guinness Ration Cards as stocks run dry

UK hit with nationwide shortage of the stout days before Christmas

www.independent.co.uk

 

[Bob Sacamano]

Guinness shortage: Beer maker provides Update for US customers

"It has been an exceptional spike in our peak season, even by Guinness' standards," the company behind the iconic stout said.

www.newsweek.com