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Stock Thread (10 Viewers)
- Thread starter St. Louis Bob
- Start date
fruity pebbles
Footballguy
Quick 10% haircut for the Nasdaq
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
McBokonon
Footballguy
beef
Footballguy
I started a small position at close. We'll see if these talking heads on TV are right, and that we won't see the bounce back up until the VIX has it's big day.
wazoo11
Footballguy
McBokonon
Footballguy
I think they're about as safe as you can get for a stock with growth potential. They're not going out of business and pay a dividend, fortress balance sheet, sticky ecosystem, etc.
The Ref
Footballguy
Oh oh
(Reuters) - AstraZeneca Plc has put a hold on the late-stage trial of its highly-anticipated COVID-19 vaccine candidate after a suspected serious adverse reaction in a study participant, health news website Stat News reported on Tuesday.
market probably up 20% in the morning
(Reuters) - AstraZeneca Plc has put a hold on the late-stage trial of its highly-anticipated COVID-19 vaccine candidate after a suspected serious adverse reaction in a study participant, health news website Stat News reported on Tuesday.
market probably up 20% in the morning
For a lot of the tech stocks this would be good news. It shouldn’t be that binary because a lot of things like cloud computing were exploding before CV. That said it’s hers mentality right now so it would be a positive in terms of 2020 investing.
Thanks for the heads up. I just exited my position. Took a loss but that money can be invested in something else.
McBokonon
Footballguy
Up 15% premarket after signing a deployment deal in Mexico. First FDA approval expected in the next several months. I’ve made two purchases to get to about half of what I want, will just sit on these until the FDA decision. Up 50% on the shares I have so far, though.
ConstruxBoy
Kate's Daddy
Well, it has a negative beta so you would expect it to go up on days that the general market goes down. Most OTC bio stocks seem to be like that.
McBokonon
Footballguy
They reported after the close yesterday, didn’t wow anyone. Most are saying their billings disappointed.
Yeah, not 100% familiar with their accounting but Billings were lower than estimates and I believe that’s forward looking revenue down it’s akin to lowering a forecast.
You are also correct on the disappointing side. ZM is still up nicely after earnings, not at the high, but still a chunk up after blowing away numbers. If you are in a similar WFH benefit boat and your stock is way up then you can’t just beat, you have to beat beat. They didn’t even beat on everything so the big haircut.
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What’s going on with FMCI? I bought almost a full share of that and it’s about where my goal was (mid 20s). I don’t plan on selling yet because short term gains taxes suck and I like it long term (wife loves their food). I just wasn’t expecting the insane run up the last month, especially since last Monday.
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. 
ChiefD
Footballguy
Awesome. GBTC is up as well after about a week of declines. I think once I'm in the green on that one again I'm gonna bail on it.Made 6% on ETHE today. I think I'm only down 35-40% now.
skycriesmary
Climbing up the Walls
Yeah, this is my poster child for not getting into speculative stocks on a whim. The argument for it sounded good at the time. Doh!. Down just about 50% on this flea infested turd.
-OZ-
Footballguy
Yeah, it's kind of amazing how with the notable exception of a couple, everytime I buy just to try to make a quick buck, I lose. But if I buy companies I actually want, they tend to do well.
I might have learned that multiple times already.
FreeBaGeL
Footballguy
WORK is interesting because it wasn't really way up already. It was up about 30% from pre-covid levels so that's not nothing but was pretty paultry next to the 400%+ run up of many of these WFH leaning companies.
I thought it might have more Leeway for that reason but it appears it was stuck in the unfortunate position of WFH expectations and fallout without the big WFH stock price run up ahead of it.
WORK is actually the same price right now as it was pre-covid, even with some pretty heavy growth now built in. I'm not sure if that makes it tempting to me but if someone liked the stock pre covid (and several major analysts did) it has to be enticing to have an opportunity to buy it at the same price despite the numbers looking a lot better now than they did early this year.
Contrast that with something like DOCU that had similar good but not great earnings and also didn't beat all the way across the board. But it had already run up so much even with that earnings drop it is still up 300% from pre-covid levels, while WORK is flat.
skycriesmary
Climbing up the Walls
Oh, I know I've learned that multiple times too. But, clearly losing the $ just makes me want to do it all over again. At this point it's a matter of figuring out if I want to eat the $ now, and cut loose from said turds.Yeah, it's kind of amazing how with the notable exception of a couple, everytime I buy just to try to make a quick buck, I lose. But if I buy companies I actually want, they tend to do well.
I might have learned that multiple times already.
FreeBaGeL
Footballguy
Spacs are on fire right now and that is a popular one that is also nearing its merger date.
I am in the same boat as you. Can't decide if I should sell and take the profits or just hold because I love their product.
I do think it has plenty of room to run higher.
beef
Footballguy
Yeah they are. I've been out of FMCI for a little while now. Kind of lost track of it and never got back in. What a run it's been on though.
SPACS I'm in now: DPHC-Lordstown (sold once, bought back in) +17%. KCAC-QuantumScape +21% (was over 30% last week). FVAC-MP Materials +21%. Not sure how high these will have to go before I sell. Want to ride them out, but at some point the profits start looking too tempting.
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WORK has some serious competition with Microsoft as well so that could put a bit of a lid on it. The other thing is that WORK is a recent IPO, so it started being worth $22B day one. DOCU has very little competition and while it’s worth $39B now, it was worth almost half of WORK a year ago so it had more room to run. Also, DOCU is down almost 25% since it’s report.
WORK may be getting close to undervalued if it can stay ahead of Microsoft, but I think because it started off not cheap and missed it’s down about the same as DOCU. Heck, ZM is down about 20% as well from the peak but still up from before earnings unlike the other two.
Yeah, I like IPOs and SPACs a bit better because typically you get a more established company. CYDY worked out well, dwarfing the little bit I lost on the Swiss one. That said these highly speculative stocks are nerve racking and most don’t work out. They also tend to be highly recommended.Yeah, it's kind of amazing how with the notable exception of a couple, everytime I buy just to try to make a quick buck, I lose. But if I buy companies I actually want, they tend to do well.
I might have learned that multiple times already.
Bob Sacamano
Footballguy
KGB
Footballguy
I think walmart has great growth potential.
Good economy, people spend, bad economy, people wh normally dont shop at wallmart, now do.
I dont drive by often, but everytime I have, parking lot full. ALL the spaces for pick up are full. I think the app is a winner.
Bob Sacamano
Footballguy
Related: TGT is only a $74B company
What in the actual hell? Think i might be a buyer
What in the actual hell? Think i might be a buyer
ex-ghost
Footballguy
JC Penny is back. $JCPNQ. Got in at .28, closed at .40. Being bought out: https://amp.cnn.com/cnn/2020/09/09/business/jcpenney-simon-property-brookfield/index.html
Bob Sacamano
Footballguy
Is SPG just going to become a giant retailer?
TripItUp
Footballguy
So took a pretty substantial position in Google today and am now only 35% cash...after playing this last pullback.
Current Holdings
SLV - not sure what I'm going to do with this
MAR - holding long
DKNG - holding long
GOOGL - could just be a swing trade, get out before election
AAPL - could just be a swing trade, get out before the election
Current Holdings
SLV - not sure what I'm going to do with this
MAR - holding long
DKNG - holding long
GOOGL - could just be a swing trade, get out before election
AAPL - could just be a swing trade, get out before the election
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ConstruxBoy
Kate's Daddy
ChiefD
Footballguy
I like that article. Reminds me of something that my economics professor in college preached: the economy was always cyclical no matter the political party in office. I've always remembered that all these years later.
I still am scratching my head on this NKLA deal for both parties. All I see is that this provides credibility to NKLA. What does that mean? See this article:
https://finance.yahoo.com/news/best-class-powertrain-technology-affirmed-174705132.html
What is the benefit to NKLA other than actually getting a product made? If it affirms GM technology, what’s in it for NKLA and what are they providing other than a $2B payment to GM. How is this any different than GM just being a huge supplier? GM battery and power train. GM fuel cells outside of Europe? Who’s fuel cells are in Europe? GM manufacturing the trucks?
Other than the name and fancy drawings, what is NKLA doing? Does GM get to then build their own trucks using their platform?
Maybe NKLA stock is down on the same thoughts. It doesn’t take away my vapor ware thoughts when GM isn’t getting lauded for their platform. NKLA is supposed to be the truck EV company.
https://finance.yahoo.com/news/best-class-powertrain-technology-affirmed-174705132.html
What is the benefit to NKLA other than actually getting a product made? If it affirms GM technology, what’s in it for NKLA and what are they providing other than a $2B payment to GM. How is this any different than GM just being a huge supplier? GM battery and power train. GM fuel cells outside of Europe? Who’s fuel cells are in Europe? GM manufacturing the trucks?
Other than the name and fancy drawings, what is NKLA doing? Does GM get to then build their own trucks using their platform?
Maybe NKLA stock is down on the same thoughts. It doesn’t take away my vapor ware thoughts when GM isn’t getting lauded for their platform. NKLA is supposed to be the truck EV company.
Al Czervik
Not wearing pants
I agree. GM is already going to build the GMC Hummer EV pick-up, so why agree to build a truck that will compete with your own product*?
There was chatter from an analyst about GM spinning off their EV business. Perhaps somehow they see NKLA as the partner to help accomplish this?
*Yes, I know they have Silverado and Sierra which do this. But I see this as a totally different situation.
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Don Hutson
Footballguy
Short Seller Compares Nikola To Theranos: 'Intricate Fraud Built On Dozens Of Lies'
https://www.benzinga.com/news/20/09/17452010/short-seller-compares-nikola-to-theranos-intricate-fraud-built-on-dozens-of-lies
Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America
https://hindenburgresearch.com/nikola/
https://www.benzinga.com/news/20/09/17452010/short-seller-compares-nikola-to-theranos-intricate-fraud-built-on-dozens-of-lies
Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America
https://hindenburgresearch.com/nikola/
