kevzilla
Footballguy
I wouldn't be interested until it goes under $15. Even at that, I'll need something more than the price; I'll need evidence that things are getting better.
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Stock Thread (70 Viewers)
- Thread starter St. Louis Bob
- Start date
SFBayDuck
Footballguy
Lot's of buzz about it being dropped from the DJIA. Don't stocks usually take an immediate dip when that happens as index funds sell it? That dip might be the time to buy, if you believe in it long term.
fantasycurse42
Footballguy Jr.
Just never been interested in them. They're like the Yellowpages once the internet hit, agree on the Dinosaur comment.
I don't think I'm ever a buyer of them... I am considering buying IBM on a fall (like now after another earnings miss), but prob not immediately.
I don't think I'm ever a buyer of them... I am considering buying IBM on a fall (like now after another earnings miss), but prob not immediately.
SFBayDuck
Footballguy
IBM actually beat estimates slightly, and finally broke the 22 quarter losing streak of declining revenues. Guess it wasn't enough of a beat to justify the 10% bump so far this year, though, considering it's given almost 1/2 of that back in after hours trading.
*disclosure, I work at IBM, but have no inside knowledge (just a sales guy).
Sand
Footballguy
Their dumped their finance arm right at the wrong time. It would be a huge growth driver today. There are still pieces of GE that are very profitable, as well.
Binky The Doormat
Footballguy
you know, Berkshire-Hathaway hasn't been a bad choice over the years.
St. Louis Bob
Footballguy
I hear you but I took some off the table. Having lived through "irrational exuberance", I'm cautious. Plus, Trump pulling the US out of NAFTA seems to be the biggest worry right now and Trump is like a mule with a spinning wheel.
General Malaise
Footballguy
Trump could make love with the mule and claim the spinning wheel was the biggest, bigly Ferris wheel in existence and the stock market would yawn while his base still supported him.
Money is still cheap, there is still a lot of cash out there looking for parking spots and home values keep climbing higher. I don't know many fund managers who are flocking to safety; rather all are clamoring for the next opportunity. Gold has been in a tight 100ish spread for quite some time, silver has been 17ish since I only had 2 kids and oil's bumped up higher.
So what is the real catalyst facing us for a correction? Cryptocurrencies just had a massive hurricane and the stock market shook it off like a dog with a few fleas. War? C'mon, the world has been at war for a long time. Nukes? Please. Rate hikes? Already baked into the cake and discounted.
I am constantly looking for a catalyst to break this financial pinata open and I don't know what the bat will be. Do you? What's your best guess?
Money is still cheap, there is still a lot of cash out there looking for parking spots and home values keep climbing higher. I don't know many fund managers who are flocking to safety; rather all are clamoring for the next opportunity. Gold has been in a tight 100ish spread for quite some time, silver has been 17ish since I only had 2 kids and oil's bumped up higher.
So what is the real catalyst facing us for a correction? Cryptocurrencies just had a massive hurricane and the stock market shook it off like a dog with a few fleas. War? C'mon, the world has been at war for a long time. Nukes? Please. Rate hikes? Already baked into the cake and discounted.
I am constantly looking for a catalyst to break this financial pinata open and I don't know what the bat will be. Do you? What's your best guess?
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Bob Sacamano
Footballguy
Rattle and Hum
Footballguy
Evilgrin 72
Distributor of Pain
I still remember the day they broke up. I was sitting at a restaurant and a TV had CNN on with no sound. I looked up and saw this on the crawl:
"Rock group Creed disbands - universal outcry not expected."
Todem
Footballguy
You are very welcome.....still holding. Heck of a stock. That yield to cost look gorgeous.
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Johnnymac
Footballguy
If people read the Fusion GPS testimony in the House they may want to pull back. Not sure how that did not lead the nightly news tonight. Not only was it not the lead story, there was no mention of it whatsoever, this on ABC.
General Malaise
Footballguy
culdeus
Footballguy
RUSF18
Footballguy
Believe me, I know, I was part of that dumping. Their CRE is performing well at WFC and the Healthcare business is performing similarly at COF. The analysts were pressuring them to sell off that business for a long time, they finally caved, everyone celebrated the initial bump, and it was gone in about a quarter.
fantasycurse42
Footballguy Jr.
I don't want to say I've cracked a code, especially something this simplistic, but watching JPM & BAC daily for 6 weeks something does stand out to me.
If there is a big discrepancy between the two, the following the day it usually goes the other way and flips. As a hypothetical, JPM was down .2% yesterday and BAC was up .6% yesterday, a great daytrade would be buying JPM and shorting BAC the following day with the exact same dollar amount allocated to each.
If there is a big discrepancy between the two, the following the day it usually goes the other way and flips. As a hypothetical, JPM was down .2% yesterday and BAC was up .6% yesterday, a great daytrade would be buying JPM and shorting BAC the following day with the exact same dollar amount allocated to each.
Chadstroma
Footballguy
Sand
Footballguy
Chadstroma said:
Speaking of that, read a good article today here. It's about REITs, but of particular interest was the discussion on how bifurcated the market has been. Looking at this figure, you can see how the market has been completely dominated by a pretty small section of the market. This interesting tidbit followed:
Hmmm. That's scary (though economic data looks great right now, so I don't think we're going to see a massive drop imminently). It does mean to me, though, that some areas of the market are very unloved at the moment. I have been buying some real solid REITs (O, VTR, DLR) that are getting smoked right now, but their metrics are getting better. FAANG is dominating everything and if there is value in this market there are some corners which have been ignored.
Just my small opinion on the markets at the moment. I just plod along and try to pick up pennies here and there.
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St. Louis Bob
Footballguy
My best guess is it will be something none of us ever thought of. Either that or a perfect storm of 3-4 of these things everyone is concerned about.General Malaise said:
Looking to add some physical gold myself but Mrs. SLB makes me want to murder myself with what she did to our CC the last few months.
fantasycurse42
Footballguy Jr.
My wife's credit card was stolen, although I didn't report it stolen bc the thief was spending less than the wife.My best guess is it will be something none of us ever thought of. Either that or a perfect storm of 3-4 of these things everyone is concerned about.
Looking to add some physical gold myself but Mrs. SLB makes me want to murder myself with what she did to our CC the last few months.
skycriesmary
Climbing up the Walls
Why are they getting smoked right now? How do REITs perform in times of market downturn? Much correlation? Considering I can't get into buying any rental property anywhere close to the 1% rule in Portland, I'm thinking of diversifying into some REITs.
Sand
Footballguy
Fears of inflationary pressures, though REITs actually do pretty well in those environments. If I run into a recent article I'll post it.
fantasycurse42
Footballguy Jr.
They've been my biggest laggards too, was debating shifting some more funds that way, but haven't made a decision yet.
General Malaise
Footballguy
Sand
Footballguy
Trajectory still seems to be down, so you're probably wise to wait a bit. They always seem to be though of as bond-like and drop with fears of inflation. I just ignore that noise (for better or worse) and buy stuff I think is solid and will continue to grow. They also got a considerable boost in the tax bill.
fantasycurse42
Footballguy Jr.
Aggressive selling to end the day?
Rattle and Hum
Footballguy
Its way above my pay grade. I'm not sure that they are shorting vol directly as much as they are artificially keeping vol low based on their holdings which include MBS (mortgage backed securities).
St. Louis Bob
Footballguy
Chadstroma
Footballguy
@St. Louis Bob Just realized that this was not the Credit Suisse ticker. So.... my question and response likely made no sense at all. Sorry.
CBLLF doing pretty well. I only have 100 shares for FOMO reasons, but now I'm getting interested. @General Malaise what's the latest?
fantasycurse42
Footballguy Jr.
Sputnikv8
Footballguy
Drat. I missed the boat on Nvidia. I almost pulled the trigger on some in December but thought, all time high? That's not the best time to buy. Then talked myself out of buying on the dip too. 
FFA thoughts on if there is still room to keep going up? The use of these cards for crypto mining has some appeal but maybe not as much as their involvement in driverless car technology.
FFA thoughts on if there is still room to keep going up? The use of these cards for crypto mining has some appeal but maybe not as much as their involvement in driverless car technology.
Snotbubbles
Footballguy
I'm putting money into two ETFs: MJX (pot) and BLCN (blockchain tech).
St. Louis Bob
Footballguy
Bob Sacamano
Footballguy
I assume Canopy and Aurora are pretty much past the point of being worthwhile to get in?
General Malaise
Footballguy
Bobby Sac pretty well answered this with the chart, but the stock is trading at a pretty high premium to NAV now, so we tend to think there is something else in the works and expect an announcement relatively soon.
General Malaise
Footballguy
I'm just holding Aurora now and sold off Cannabis Wheaton this morning as I didn't like the way it was trading. This Aurora is like a snake with its head cut off, whipping back and forth frantically. Some days I'm up nicely, the next day I'm down like I'm holding TVIX only to recover. It's a tiny position, but I like to have some potential rocket fuel stocks like this and believe in the industry as you might know.
Bob Sacamano
Footballguy
I believe... differently. But I have no idea how you go about determining valuation for something like this. Tough to look at 4-5x in a short period of time and feel comfortable that this is still an entry point. Even if the roof is the ceiling for the industry, that doesn't mean those particular companies continue to have upside from here.
General Malaise
Footballguy
I liked Bobby's synopsis of blockchain and have sent his review to a few people who, like me, are still puzzled over this brave new world of blockchain/crypto etc. We stumbled upon a tiny little company called Peat Resources Ltd that is trading at all of .10 cents share, but actually has acquired some decent properties in the Congo and plans to incorporate blockchain technology to prove its cobalt and other metals are sourced 'conflict-free', which is going to be something the mining industry and its end users are forced to prove. When Bobby talks about identifying the companies that might come out of this - for lack of better word - bubble and emerge as having a viable business, I do think there is value in being first to employ blockchain technology in a new avenue such as proving its minerals are not birthed by the hands of children or slaves.
The stock was engaged in peat in the past, which accounts for the name, but I'm told will be changing its name to Cobalt Blockchain. The properties are legit, according to our boots on the ground. The stock has already run up massively, but sold off today. And yes, I know we are discussing a stock that trades at a dime per share today. I don't own it personally, but I'm going to take a starter position this week. If nothing else, it's worth putting on the radar and monitoring along as it marries one of the hottest commodities with the hottest buzzword going.
The stock was engaged in peat in the past, which accounts for the name, but I'm told will be changing its name to Cobalt Blockchain. The properties are legit, according to our boots on the ground. The stock has already run up massively, but sold off today. And yes, I know we are discussing a stock that trades at a dime per share today. I don't own it personally, but I'm going to take a starter position this week. If nothing else, it's worth putting on the radar and monitoring along as it marries one of the hottest commodities with the hottest buzzword going.
General Malaise
Footballguy
Chadstroma
Footballguy
GE makes me want to punch little babies.
fantasycurse42
Footballguy Jr.
Has word gotten out about this 10 cent company incorporating blockchain technology? If not, I might buy 100,000 shares - blockchain and 10 cent companies are golden tickets to 10x winners.
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fantasycurse42
Footballguy Jr.
####, looks like word got out around December 18th
https://finance.yahoo.com/quote/PET.V?ltr=1
Edit 2, they will - 25,000 ask at 15 cents
https://finance.yahoo.com/quote/PET.V?ltr=1
Edit 2, they will - 25,000 ask at 15 cents
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fantasycurse42
Footballguy Jr.
JPM with a close 6 cents off a new 52 week high.
COP closing on a 52 week high.
Feeling like I closed 1/3 of my AMZN position too soon, but whatever - you never lose by taking profits.
COP closing on a 52 week high.
Feeling like I closed 1/3 of my AMZN position too soon, but whatever - you never lose by taking profits.
St. Louis Bob
Footballguy
Bob Sacamano
Footballguy
I think maybe you're misinterpreting my statement. I, like you, believe. But I do so differently. That being from the vantage point of someone who couldn't care less how widespread legalization becomes other than from the financial opportunities it might present. My drug of choice is a little more boozy.
It's something I wish I'd invested in sooner. I know it will come as a shock to you, but there are people here who might be a touch smarter than me, and I was hoping one of them might have some insight I lack RE: the upside potential of these companies from current valuations.
