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Stock Thread (47 Viewers)

BassNBrew said:
Thanks.  I bought at $16.56 and actually held this one.  It's tempting to take some gains here but my position is 1/10th what I have in SE and in LVGO.  What I do like is that it sets a new ceiling so I can buy on a pullback and feel good that it will have some run afterwards.  I'll probably just sit on the small position I have in case it runs like the other diamonds you have pointed out.
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Damn, FLGT up almost 36% on the day. No idea why, but not complaining.

 
FreeBaGeL said:
He hasn't been their CEO for a while now.  But nonetheless, this is an interesting juxtaposition to your feelings on another company whose fate will ultimately be decided by the science/technology that has a CEO that tends to blab on way too much and get over excited and make grandiose statements about where the company is headed. ;)
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My feelings on that company have more to do with the money made and science than the CEO. I’m not going to lie and say I have a good feeling about either CEO. IMHO, both of them appear to be way more interested in share price and/or shorts. I’m a big fan of Bezos and I posted a link in the CYDY discussion (pre-divestiture) about how Bezos has said he doesn’t worry about stock price movements. Do your job and grow the company and the stock price will follow. Worry about the stock price and it sort of shows me you aren’t focused on what you need to be. Even Elon Musk has mentioned multiple times how Tesla stock was overvalued. The NKLA CEO saying the stock will be worth 10 times what it is speaks volumes to me.

 
FreeBaGeL said:
Yeah semis have always been the primary target here.

As to long term NKLA hasn't been shy that they are still a ways off from getting the trucks into production, much less making a profit on them (they seem to be willing to subsidize the cost somewhat for their customers on the first deliveries using essentially the solar sales model of delivering them a full service solution at the same cost they're paying now).

I think had this thing not gone on a huge hype run people would be much more willing to look at this thing as the speculative, long term investment that it is.  It's pretty bizarre to see a company being completely upfront that these things are 3+ years away from being on American roads and seeing people react to it with daily questions like "HOW COME I HAVENT' SEEN ONE ON THE ROAD" and "WHERE ARE THE JD POWER OFFICIAL BRAKE TESTS"? (not from you, just the kind of stuff that's circulating out there).

If this were a typical quiet speculative company 3 years away from putting out a product no one would be asking those kind of questions.  People got caught up in the hype and jumped 5 steps ahead.
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You know that is 100% accurate. It pumped like they were much closer to the finish line which probably jaded me a bit. 

I also don't like the pre-order on the Badger model because I don't think they'll be anywhere near ready to release it within two years. 

 
jvdesigns2002 said:
Yup- I wasn't pimping it on here back then but certainly pimping it to family and friends. I've been working in jewelry since 1996 and started buying gold and silver in 1998.   Started buying it in real quantity early 2000's and pretty consistently since. 
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I worked for a really bearish fund manager who insisted I read Richard Russell's "Dow Theory" newsletter and daily blog.  Ol' Russell was a huge gold bug and very convincing.  I was too poor to buy physical in any meaningful quantity, but I did find miners who gave me good torque to higher prices.  Have been a bit of a precious metals fan ever since.  

Silver price move has been incredibly interesting and long overdue.  

Boulder over your head, what do we see first: Silver $25 or Silver $20?

 
General Malaise said:
I worked for a really bearish fund manager who insisted I read Richard Russell's "Dow Theory" newsletter and daily blog.  Ol' Russell was a huge gold bug and very convincing.  I was too poor to buy physical in any meaningful quantity, but I did find miners who gave me good torque to higher prices.  Have been a bit of a precious metals fan ever since.  

Silver price move has been incredibly interesting and long overdue.  

Boulder over your head, what do we see first: Silver $25 or Silver $20?
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Silver is going to hit 25 tonight.

 
@stbugs and @Capella

Need your guidance on Amazon this week.  I will be hiking on Friday and pretty busy on Thursday during the after hours announcement.  I have a cost basis of $3080 (effectively $50 less with day trading).  I sold my $1600-$2200 shares at $3000 and $3200.  Are we expecting a run up to earnings?  Historically when is the best time to take profits.  I'm a little bit over-weighted at 17% but 2% over my max allocation is within the margin of error.

 
BassNBrew said:
@stbugs and @Capella

Need your guidance on Amazon this week.  I will be hiking on Friday and pretty busy on Thursday during the after hours announcement.  I have a cost basis of $3080 (effectively $50 less with day trading).  I sold my $1600-$2200 shares at $3000 and $3200.  Are we expecting a run up to earnings?  Historically when is the best time to take profits.  I'm a little bit over-weighted at 17% but 2% over my max allocation is within the margin of error.
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Run up to earnings, big drop Thursday after hours, then will be back to Thursday market hour numbers in 2 weeks. IMO

 
Silver Jul20 contracts about to break 26. 

crazy PM / BTC breakouts. Surprised it took this long, given everyone knew the fed balance sheet was going to explode. 

 
BassNBrew said:
@stbugs and @Capella

Need your guidance on Amazon this week.  I will be hiking on Friday and pretty busy on Thursday during the after hours announcement.  I have a cost basis of $3080 (effectively $50 less with day trading).  I sold my $1600-$2200 shares at $3000 and $3200.  Are we expecting a run up to earnings?  Historically when is the best time to take profits.  I'm a little bit over-weighted at 17% but 2% over my max allocation is within the margin of error.
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Thanks for asking this; I’ve put my fun money into Amazon @ 3002 a share cost average. Was thinking of a target price earnings pre-report of 3200 would be a time to get out.  Or just sell before market closes on Thursday, thoughts?
 

*this is not long term money 

 
pmedina said:
Thanks for asking this; I’ve put my fun money into Amazon @ 3002 a share cost average. Was thinking of a target price earnings pre-report of 3200 would be a time to get out.  Or just sell before market closes on Thursday, thoughts?
 

*this is not long term money 
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Hold and revisit in 5 maybe 10 years

 
bshell27 said:
Who mentioned BRPHF?  

Seems like it's worked out for whoever followed, so far.  I was too lazy to do the research.  Why should I jump into this one (other than the fact it's up over 20% today)?
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Me and Wildcats, but we are both out :(

 
Do we talk crypto in here...

I dont know much but had a friend help me get into HEX.  I cant seem to get my coinbase account approved and he put in $95 for me to get started.  Figured I'd throw a couple of grand at it and see.  it's up quite a bit already.

28.5k HEX

$ 168.35

 
General Malaise said:
I worked for a really bearish fund manager who insisted I read Richard Russell's "Dow Theory" newsletter and daily blog.  Ol' Russell was a huge gold bug and very convincing.  I was too poor to buy physical in any meaningful quantity, but I did find miners who gave me good torque to higher prices.  Have been a bit of a precious metals fan ever since.  

Silver price move has been incredibly interesting and long overdue.  

Boulder over your head, what do we see first: Silver $25 or Silver $20?
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Right on.   There is bound to be some profit taking with both metals--but I'd lean slightly towards the $25 first prediction.  Honestly--I think that if silver went down to $20 or less anytime soon--the number of buyers that would flood into it would just propel the price right back up--so I actually don't see much difference between either of those scenarios.   

 
Tool said:
Hold and revisit in 5 maybe 10 years
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He did say it wasn't long term money.  Also you do realize that Amazon was flat to down from Jul 2018 to Feb 2020 when the S&P 500 was up about 15%?  Amazon is a great company, but it's not immune from being considered over valued by investors after big run ups. 

 
fruity pebbles said:
That’s a pretty healthy %. Have you always kept it at 20% of your portfolio or is that based on your feelings about the economy etc?
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It certainly is a larger percentage than most would probably recommend.  I've not always had that percentage in there.  Until about maybe 8 years ago--I was at probably somewhere in the 10-12% range.   When the government did many rounds of quantitative easing and rates were lowered for many years--I started losing faith in the long term viability and value of the dollar--so I diversified my portfolio from being very heavily based in stocks and mutual funds to adding more precious metals and real estate (rental properties).  

 
Housing Market is strong...

DR Horton (DHI) – The home builder saw quarterly profit come in 42 cents a share above estimates at $1.72 per share. Revenue also came in above Wall Street forecasts, helped by what it called “increased buyer urgency” due to low mortgage rates and limited supply.
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Ballsy call...

Tesla (TSLA) – Tesla was downgraded to “underperform” from “market perform” at Bernstein in a valuation call. The firm’s price target for the automaker’s stock remains at $900 per share, compared to yesterday’s close of $1,539.60.
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I'm surprised the futures are down with the new relief package proposal published and some decent earnings coming in.

 
BassNBrew said:
I'm surprised the futures are down with the new relief package proposal published and some decent earnings coming in.
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I'm reading it's because the Republican proposal for unemployment was $200 a week. With so many people on unemployment right now that $400 difference is a pretty big deal to our economy. 

 
CR69 said:
I'm reading it's because the Republican proposal for unemployment was $200 a week. With so many people on unemployment right now that $400 difference is a pretty big deal to our economy. 
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Makes sense, but if the push is to get people back to work, that might be a good thing.

Besides, there's maybe a 3% chance it passes in its current form. Most likely it will get back towards $600, perhaps with a downward glide path.

 
-OZ- said:
Makes sense, but if the push is to get people back to work, that might be a good thing.

Besides, there's maybe a 3% chance it passes in its current form. Most likely it will get back towards $600, perhaps with a downward glide path.
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I think there is a small amount of truth to that but it's not as widespread as we're being lead to belive. A lot of these jobs are not coming back anytime soon, especially those related to travel, food and hospitality. I read an article the other day that Yelp did a survey and 60% of the restaurants that are closed will not be reopening. This week and last week you have casinos in Vegas announcing new furloughs and layoffs. In our area there was an article recently that only 1/3 of jobs returned and we're going downhill fast as far as cases and hospitalizations. 

 
CR69 said:
I think there is a small amount of truth to that but it's not as widespread as we're being lead to belive. A lot of these jobs are not coming back anytime soon, especially those related to travel, food and hospitality. I read an article the other day that Yelp did a survey and 60% of the restaurants that are closed will not be reopening. This week and last week you have casinos in Vegas announcing new furloughs and layoffs. In our area there was an article recently that only 1/3 of jobs returned and we're going downhill fast as far as cases and hospitalizations. 
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That, and fears with baseball showing the risk of people going back to work, is why the markets are down.

 
-OZ- said:
That, and fears with baseball showing the risk of people going back to work, is why the markets are down.
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Yeah I was reading that was the cause for the huge drop on DKNG, MGM and PENN yesterday. I understand DKNG but sports betting is a blip on the balance sheet for casinos so I don't get how it is making that much of a difference either way with MGM and PENN. Markets., irrational, money, etc. 

 
CR69 said:
-OZ- said:
Makes sense, but if the push is to get people back to work, that might be a good thing.

Besides, there's maybe a 3% chance it passes in its current form. Most likely it will get back towards $600, perhaps with a downward glide path.
Click to expand...
I think there is a small amount of truth to that but it's not as widespread as we're being lead to belive. A lot of these jobs are not coming back anytime soon, especially those related to travel, food and hospitality. I read an article the other day that Yelp did a survey and 60% of the restaurants that are closed will not be reopening. This week and last week you have casinos in Vegas announcing new furloughs and layoffs. In our area there was an article recently that only 1/3 of jobs returned and we're going downhill fast as far as cases and hospitalizations.
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Those people do need to start looking for work in other areas where there are lots of jobs available.  I did see where the $200 a week is going to 70% of your pay.  I actually think that's fair as I personally know people who have jobs that are making less than people in their company who took a furlough option.  Need to strike a balance between helping people and incentivizing them not to work.  

 
CR69 said:
Yeah I was reading that was the cause for the huge drop on DKNG, MGM and PENN yesterday. I understand DKNG but sports betting is a blip on the balance sheet for casinos so I don't get how it is making that much of a difference either way with MGM and PENN. Markets., irrational, money, etc. 
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Well the only reason $PENN is a $30+ stock is b/c of sports betting so it makes sense for them. I think we're on the same side here but for months, folks argued about the value of sports betting, at least to DKNG and PENN so a shock to that thesis should rightfully send the stocks down. MGM is 50% down from Feb, PENN is 13% down. Former has a much better balance sheet. 

 
sporthenry said:
Well the only reason $PENN is a $30+ stock is b/c of sports betting so it makes sense for them. I think we're on the same side here but for months, folks argued about the value of sports betting, at least to DKNG and PENN so a shock to that thesis should rightfully send the stocks down. MGM is 50% down from Feb, PENN is 13% down. Former has a much better balance sheet. 
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Yeah, I was thinking more people would be thinking like I am - if millionaire athletes and billionaire owners can't get this right, what chance do others really have to get back to work even with proper precautions in place? Also, if these guys who get paid well to stay healthy get hit by this thing, that doesn't bode well for the average American with well over 20% body fat and are largely sedentary.

 
BassNBrew said:
Housing Market is strong...

Ballsy call...
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AS some may or may not know we built our forever home this year. We closed June 29th and moved in July 9th. Settling in slowly but surely. 

My previous home which I built and owned for 11 years......put it on the market last Monday at $564,999 (4 bedroom 3 bathroom one story on the water with a pool). I went to contract and got full asking price 6 hours after it went on MLS. 

6 hours. 

 
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BassNBrew said:
Those people do need to start looking for work in other areas where there are lots of jobs available.  I did see where the $200 a week is going to 70% of your pay.  I actually think that's fair as I personally know people who have jobs that are making less than people in their company who took a furlough option.  Need to strike a balance between helping people and incentivizing them not to work.  
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I'm not going to get into a debate about the politics of this all but it's a fact that over 15m people are on unemployment and that number is increasing again. If they're making more now than they were working, reducing that number $600 amount to $200 is still taking money out of the economy. That's $6b a week that's not going to be spent now. 

 
Todem said:
AS some may or may not know we built our forever home this year. We closed June 29th and moved in July 9th. Settling in slowly but surely. 

My previous home which I built and owned for 11 years......put it on the market last Monday at $564,999 (4 bedroom 3 bathroom one story on the water with a pool). I went to contract and got full asking price 6 hours after it went on MLS. 

6 hours. 
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Every reasonable house that goes up for sale in my city is under contract same day or next day.  

I had been looking for another rental property, but wow, really not worth how much I would need to overspend.  

 
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Todem said:
AS some may or may not know we built our forever home this year. We closed June 29th and moved in July 9th. Settling in slowly but surely. 

My previous home which I built and owned for 11 years......put it on the market last Monday at $564,999 (4 bedroom 3 bathroom one story on the water with a pool). I went to contract and got full asking price 6 hours after it went on MLS. 

6 hours. 
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Bridging over to the housing topic, but if you received a full price offer right away did you wait a bit before accepting it in order to see if any other offers were coming in?  Seems like you had the makings of a potential bidding war on your house.

 
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Whyatt said:
Not a troll post.

Bought HGEN @ 5.81

Do your own DD
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I was looking at this also.  Decided to dip in just a little bit.  Thanks.

ETA:  Got in @ $6.    Still think its could make a good run from there.

 
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