Stock Thread (26 Viewers)

[parasaurolophus]

Two biotechs I have taken short term positions in.

PRTK- Two approvals set for 1st week of October and one for mid october. Hope is to be out October 1stish with $1.50/share gain. Currently at $9.44

TCON- Phase II study results due in January. Currently at 2.25. Stock took a big haircut recently because those phase II results were delayed due to enrolling 80 extra patients. Not sure if that is good or bad for end result of study, but what it tells me is that the stock has $3.00 potential easily once the results are anticipated. 

Out of 1000 shares of PRTK at 10.94 today for $1.50 share gain. Still holding 500. WIll pull the plug on those if it drops to 10.50. 

 

[RUSF18]

@Steve Tasker There are some people in here who could use an Accounting class.

JFC...even reading a wiki page would help.

 

[parasaurolophus]

Out of 1000 shares of PRTK at 10.94 today for $1.50 share gain. Still holding 500. WIll pull the plug on those if it drops to 10.50. 

Wish I would have waited one hour. 

 

[fantasycurse42]

Prob going to buy some 2 year treasuries when they crack 3%.

Could be as soon as next week if the NFP comes in hot.

 

[Bossman]

unloaded some hefty tvix bags today for a small $400 profit.

Wish I set my target price higher as this stuff is taking off now. Could have doubled that profit.

In the end, happy to have hung in long enough and not panic / sell sooner and take a loss.

 

[Bossman]

So I ended up selling these 10 shares of amzn at $2009 ... and I felt kinda dirty doing it since it's been so good to me.

But locking in almost $1000 profit here after just over a week.

Had some regret when it hovered at $2020 for a spell but this weeks dip looks like I can get back in for a potential repeat.

Now if I can do that 5 more times I could buy 3 more shares of amzn. 

Had an order in to reload 10 amzn today at just under $1900 but didn't trigger.

I'll wait to see what tomorrow brings. (I'm sure I'll regret not ponying up the extra $80 bucks here and getting it done today)

 

[Bossman]

I wan't to take this moment to thank all my "stock topic FBG's" for helping me with this stuff.

I started out in here being a guy that knew nothing about stock trading ... to now a guy that knows nothing about stock trading that is making lots of money trading stocks.

(I should really read a book about this stuff)

Never imagined myself as making dozens of dollars just sitting at the computer clicking away and throwing money around .... but here we are.

 

[Take_The_Shot]

Elon is high and tweeting again, yippie!

 

[dschuler]

Did the dumbest thing ever today.  I loaded up on AMRN before the closing bell, now I’m totally sweating it. Frustrated with my performance the last few months.  I don’t even know anything really about the company either. Looking for a quick 6-8%, fingers crossed.  

 

[fantasycurse42]

Did the dumbest thing ever today.  I loaded up on AMRN before the closing bell, now I’m totally sweating it. Frustrated with my performance the last few months.  I don’t even know anything really about the company either. Looking for a quick 6-8%, fingers crossed.  

Looked at it when it went from $3 - $12

 

[dschuler]

Looked at it when it went from $3 - $12

Same here, day traded it a couple times in the 15-17 range, should have held

 

[NREC34]

Anyone worried about a crash look at VIRT

grabbed more today

 

[pecorino]

Did the dumbest thing ever today.  I loaded up on AMRN before the closing bell, now I’m totally sweating it. Frustrated with my performance the last few months.  I don’t even know anything really about the company either. Looking for a quick 6-8%, fingers crossed.  

I sold puts in AMRN a few weeks ago to turn around a quick $300. The puts never hit (had it set at $2.50). Meanwhile I could have bought 1000 shares at three bucks a share. Every day I see it as a top gainer, I throw up in my mouth a little bit. Easily could have turned three grand into twenty grand in a few weeks. I was *this* close.

 

[fantasycurse42]

Now that the NFP is the cover story of CNBC, I almost think it’ll play opposite of how it’s supposed to.

Unless the numbers come in ridiculously hot, I expect a rally today. 

 

[stbugs]

Now that the NFP is the cover story of CNBC, I almost think it’ll play opposite of how it’s supposed to.

Unless the numbers come in ridiculously hot, I expect a rally today. 

I’ve still got a good chuck of cash on the sidelines so selfishly I wouldn’t mind a pull back  for some more opportunities but I also don’t want it to go bad.

 

[culdeus]

I’ve still got a good chuck of cash on the sidelines so selfishly I wouldn’t mind a pull back  for some more opportunities but I also don’t want it to go bad.

You can at least find places to park cash for damn near 3% now.  It's not much, but at least inflation isn't eating you alive.

 

[stbugs]

You can at least find places to park cash for damn near 3% now.  It's not much, but at least inflation isn't eating you alive.

Yep. I’m using a fund, not just the base interest rate which is still really low. 

 

[Bob Sacamano]

I'm adding a little risk and popping it closer to 6%

 

[FF Ninja]

https://nypost.com/2018/10/03/tesla-faces-trial-over-allegations-it-threatened-foreign-workers-with-deportation/

For the life of me, I can't figure out why the most liberal people love this company, it makes no sense. Elon Musk is greatest magician of modern times. He's obviously brilliant, but he is clearly a scumbag. 

So many records of employees being treated like garbage, one after the next.

Same kind of think with AAPL. Scumbag company, but every bleeding heart liberal has an iPhone. (disclaimer: I have no liberal/conservative affiliation)

 

[Bob Sacamano]

Definitely a nice option to have, though.

 

[fantasycurse42]

You can at least find places to park cash for damn near 3% now.  It's not much, but at least inflation isn't eating you alive.

 I'm looking to drop some funds into 2 year yields like that shortly. 

These rates have been relentless for the last month, we're up 35 basis points on the 10 year. I'd think that eventually when we get to 3.5% and then hit a wall for a little bit. I'd also think above 4% they have an impact on the market as we become risk off, nothing like causing a crash, but a speed bump for sure. If we make it to 5 within the next 2 years, I'd say at that level or above, we hit some serious problems (market and real economy, with debt defaults becoming more likely).

I'm adding a little risk and popping it closer to 6%

What type of risk are you talking about for 6%? I've got a little change in VZ yielding around 4.5%, T yields closer to 6%, but I think VZ is such a better positioned company, especially with their lead in 5G. I actually consider AT&T a fairly healthy risk, even with that 6% yield. 

 

[Bob Sacamano]

Preferred financial. If they fold, we've got bigger problems than the cash I have parked there.  

 

[Mystery Achiever]

Prob going to buy some 2 year treasuries when they crack 3%.

I have been thinking about this, also. Do you have a symbol to track? $UST2Y works on Stockcharts, but not on Yahoo or Schwab. (I tried ^UST2Y on Yahoo)

 

[Capella]

Guess I’ll buy more amazon if they’re going to give it away. 

 

[fantasycurse42]

I have been thinking about this, also. Do you have a symbol to track? $US2TY works on Stockcharts, but not on Yahoo or Schwab. (I tried ^UST2Y on Yahoo)

I was debating buying them outright directly from Treasury Direct. 

I usually just track the yields on CNBC or Marketwatch, they're delayed by like 15 minutes, but if I'm looking to lock some funds up for 2 years until redemption, makes no difference to me. 

 

[fantasycurse42]

One thing I've found very interesting as rates have continued to climb and dollar has remained firm for the last few weeks, gold has stopped falling... 

I might buy some ABX & IAU has a hedge. Probably hasn't found a bottom yet, but with blood on the streets in gold, and the beating it has taken, I feel it offers some safety. Everyone has thrown in the towel on gold, this is when the contrarian steps in to buy.

 

[stbugs]

Guess I’ll buy more amazon if they’re going to give it away. 

I’m watching that and SQ. I missed that at the beginning of August.

The only reason I’ve been thinking “safe” with Amazon and Apple is because I think, regardless of the inflation/rates, that they will continue to have solid earnings.

I’m just a bit nervous on having too much exposure. 

 

[Capella]

I’m watching that and SQ. I missed that at the beginning of August.

The only reason I’ve been thinking “safe” with Amazon and Apple is because I think, regardless of the inflation/rates, that they will continue to have solid earnings.

I’m just a bit nervous on having too much exposure. 

It’s not that much of my overall portfolio. I’m comfortable with it at least. 

 

[Mystery Achiever]

I was debating buying them outright directly from Treasury Direct. 

I usually just track the yields on CNBC or Marketwatch, they're delayed by like 15 minutes, but if I'm looking to lock some funds up for 2 years until redemption, makes no difference to me. 

Thx. FWIW, the 10 year symbol is $TNX or ^TNX (Yahoo)

 

[Bob Sacamano]

Also a fan of SQ

 

[Bossman]

So I ended up selling these 10 shares of amzn at $2009 ... and I felt kinda dirty doing it since it's been so good to me.

But locking in almost $1000 profit here after just over a week.

Had some regret when it hovered at $2020 for a spell but this weeks dip looks like I can get back in for a potential repeat.

Now if I can do that 5 more times I could buy 3 more shares of amzn. 

Picked up 10 amzn at $1865 just now .... falling knife? Maybe ... but I'm more than willing to hold long term if need be.

In fact, seriously considering buying 10 more if it drops further.

 

[fantasycurse42]

Picked up 10 amzn at $1865 just now .... falling knife? Maybe ... but I'm more than willing to hold long term if need be.

In fact, seriously considering buying 10 more if it drops further.

Just now, or 20 minutes ago?

 

[Bossman]

Just now, or 20 minutes ago?

Well I "just now" read my email .. but yes, bout 1/2 hour ago:

The following order executed on 10/05/2018 at 1:29 PM, Eastern time: 

Account: ####
Transaction type: Buy
Order type: Limit
Security: AMAZON.COM INC (AMZN)
Quantity: 10 share(s)
Price:* $1,865.00

 

[fantasycurse42]

Anyone here own OKTA?

 

[eoMMan]

It’s not that much of my overall portfolio. I’m comfortable with it at least. 

And to be fair, Amazon is growing so much and expanding into (or disrupting) so many industries.  It's almost like you are diversified simply by owning their stock with all the different areas they are involved in.

That being said, let's hope they don't have an accounting scandal.

 

[bshell27]

Anyone here own OKTA?

Another stock that is climbing the charts.  Where are all of these suggestions before the climb?  

Let's hear some of your ideas of stocks that you think will go off (before they start going off).  SImilar to the stock competition thread.  I don't invest much, but use two approaches. 1) value investing (Buffett) 2) longshots.  I don't put much in longshots, but they are fun to try and hit (see COBCF, I'm down about 50% from that one).  

 

[fantasycurse42]

Another stock that is climbing the charts.  Where are all of these suggestions before the climb?  

Let's hear some of your ideas of stocks that you think will go off (before they start going off).  SImilar to the stock competition thread.  I don't invest much, but use two approaches. 1) value investing (Buffett) 2) longshots.  I don't put much in longshots, but they are fun to try and hit (see COBCF, I'm down about 50% from that one).  

It wasn't a suggestion, nor did I say I own it 

Was just wondering if anyone did. 

On days like today/yesterday, I scan dozens, if not hundreds of stocks to see if anything became a value play with the selling... I still see nothing out there that would be a value play, IMO, outside of the two I mentioned earlier, ABX & IAU, which will still prob see some downward pressure, but looking 12-24 months out, I kinda like. 

 

[Capella]

And to be fair, Amazon is growing so much and expanding into (or disrupting) so many industries.  It's almost like you are diversified simply by owning their stock with all the different areas they are involved in.

That being said, let's hope they don't have an accounting scandal.

Yea I mean I’m fortunate enough to get most of mine at the 940 range so if it dropped now I would still be fine overall. 

unless something major happened it’s something I have plans to hang on to long-term so it’s cool. I had a mental crisis back in March or whatever when trump was fighting with them but that worked out in the end. 

 

[stbugs]

It’s not that much of my overall portfolio. I’m comfortable with it at least. 

It’s a sizable one for me. Almost as much as my largest retirement account.

 

[humpback]

Amazing how quickly sentiment can change.

 

[fantasycurse42]

Amazing how quickly sentiment can change.

Meh, the BTD crowd will be in full effect after another day or two like today. 

 

[fantasycurse42]

Also, and I hate saying this, it makes my stomach turn, but solely speaking to the charts, your R/R here on Tesla to be long isn't bad. You're all the way at bottom of a range that stretches back 18 months, and during that time, Tesla bulls have defended this bottom portion of the range like monsters. 

 

[stbugs]

Meh, the BTD crowd will be in full effect after another day or two like today. 

BTD?

I’m interested as I’ve got a bunch of cash sitting on sidelines and SQ and AMZN catching my eye. I’m expecting big quarterly reports so it might be a nice in right now. Just don’t know if I can wait and get cheaper. 

 

[fantasycurse42]

BTD?

I’m interested as I’ve got a bunch of cash sitting on sidelines and SQ and AMZN catching my eye. I’m expecting big quarterly reports so it might be a nice in right now. Just don’t know if I can wait and get cheaper. 

Buy the dip. 

If you like them, then average in, throwing it all in at once is usually the wrong strategy. 

 

[fantasycurse42]

BABA down 30% since June, wow. Currently trading at 22 forward P/E. 

If we do end our trade conflict with China, I'd think this is one to circle for an explosive recovery. Even without it, another 10% down and it almost becomes a value play. 

 

[pecorino]

BTD?

I’m interested as I’ve got a bunch of cash sitting on sidelines and SQ and AMZN catching my eye. I’m expecting big quarterly reports so it might be a nice in right now. Just don’t know if I can wait and get cheaper. 

Great time to buy AMZN. Compared to a couple weeks ago, they are having a 10% off sale.

 

[St. Louis Bob]

Some craziness last few days.

 

[cosjobs]

BABA down 30% since June, wow. Currently trading at 22 forward P/E. 

If we do end our trade conflict with China, I'd think this is one to circle for an explosive recovery. Even without it, another 10% down and it almost becomes a value play. 

I like AABA better,, but its at a 52 week low

 

[Sand]

I like AABA better,, but its at a 52 week low

ABBA all the way.

Meh, the BTD crowd will be in full effect after another day or two like today. 

Sold some munis, bought IVV.  We're still in risk on mode - edging up the equity allocation.

 

[fantasycurse42]

Also, and I hate saying this, it makes my stomach turn, but solely speaking to the charts, your R/R here on Tesla to be long isn't bad. You're all the way at bottom of a range that stretches back 18 months, and during that time, Tesla bulls have defended this bottom portion of the range like monsters.