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I'd imagine the travel industry normalizing in what is perceived the near future will increase demand for oil. More flights, cruises back open, the notion that in the future more people will be commuting back and forth to work. I'm not claiming I know--these are just my guesses. Seems to me like this market movement is pre-mature imo--but I can't blame the market for being thirsty for good covid news.
I can buy that. I still sold about 30% of what I had i oil, even if I was still down.
I’ll check out Zynga, thanks.
Sucks man. I’m negative but coming back. I’m not invested (outside of 401ks) in DJI type stuff outside of EXC. I may trim some more if things pep back up. Serious overreaction IMHO on some stocks where true changes due to a vaccine are a year away in terms of hitting bottom line and the assumption that all’s well and no lasting changes will happen. That said, even I knew WFH (I hate that term because it insinuates that they weren’t already growing like weeds) stuff felt really frothy. You’ve got a very anti-oil president now so I still don’t like oil long term but I’m not a short term bettor like you. Good luck, although selfishly I guess it would be better for me if UVXY never recovers.
I’ve been on a selling and buying spree. Nordstrom up 25% for example. Lopes off most everything up over 10%. Added some Amazon at 316x. Also adding KR as it’s taken a hit today
It’s in the bucket of WFH stocks. They will all take a beating today and maybe longer. I bet on stocks like them before CV because they were already growing. It’s not like they’re going to stop growing due to the vaccine but when you gets these massive market moves they aren’t looking at fundamentals. The argument for cloud stocks is still there today. It’s much cheaper and faster all around to deploy and maintain applications. It’s not like people will stop using FB or SNAP or AMZN or their iPhones, etc. Some companies did get accelerated and FVRR is one of them but people aren’t going to go back to pens and paper and having to be in the office to use a mainframe. I’d still be really scared of commercial retail because I know my company like many others will be looking to downsize and likely keep some people working from home or at least part time. Offices are a huge expense and in my company’s (and many others), completely unnecessary.
It benefits from stay-at-home and work-at-home. FVRR is asking someone to do something online instead of from another source possibly in person. In some cases, people working from home don't have easy access to their fellow employees who could have helped them with the task.
You owned Nordstrom before today? Pretty ballsy play if you got in recently. I did sell a couple things up 20-30% on Friday but I’ve owned them a little over a year and still kept most.
Not sure when things will recover but NFLX is a good example. Are people going to suddenly stop watching TV? NFLX had been growing a bunch every year we’ll before CV. I do think that some stocks that benefited solely from CV will take a hit but it wasn’t like most of these trends weren’t already in place.
Like SnZ, I’m good on it from the LVGO side. Still believe in it long term as I do with most of the cloud/WFH type stuff. I’m just not adding. I’ve been a seller since FSLY hit $135 and ZM peaked. Great calls on those, sold both (around 80%) on their ATH days. Probably could sell more and buy back in this year lower, but I’ve messed up selling early as much as timing it well.
DIS dropped from $153 to $79 with the shutdown. They ran back up some as the whole market did and more on Disney+, but the parks being closed was still very much a part of their stock price in the $120s compared to when the stock was $153 pre-Covid when the D+ part of their business hadn't exploded yet.
Insurance companies "scaling back" on telehealth coverage, from the headline I'm seeing today
Did your wife book a couple of trips to Disney today? Was thinking some of their climb might be from Capella & Friends family trips.
I was a big fan. Father in law worked there since before I knew them. After like 22 years they "restructured" him out of a job. (He had been setting up new stores). Everything worked out fine for him, he has a great job doing the same thing for a smaller company now.
She’s very excited to get back. Kid is too - asks about it almost every day. “Daddy when can we go see Mickey”. Uhhhhh after we know he won’t give us covid, kid.
Bought DIS and DAL in my kids accounts a few months back as long term holds. Dumb or not, both will grow from here. Today seems a bit exuberant, though.
Thanks Todem. i trimmed 30% near the peak and added a couple of these along with Lowes, KR, ACI. Probably will go trim some C too as that has been a huge winner.
Gotta say I love and appreciate your posts here, but I think you have a blind spot towards Disney.
Their earnings are going to be brutal...this stock will come back down earth again and go sub 100
Everyone loves Disney+, and now, the parks re-opening is in sight.
We have owned disney since the 20’s.
