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Stock Thread (42 Viewers)

Prob forgotten amongst the slew of earnings, but the most important data point drops tomorrow morning, jobs report - with the rate jitters lately, we'll see what it does and how the market reacts.

 
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Was just discussing Amazon with my wife and I blurted out "man if it were a woman I'd #### the #### out of Amazon" 

:bag:   think she's ready to call that lawyer 

 
I don't tout much, but I bought pretty large on the BABA dip and highly recommend

 
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Foreign markets down, futures down. Looks like a rough open.

If it's a down day, do you look to buy before the close or wait until Monday to see where this is going?

 
I hate CNBC - 3 biggest tech companies just reported, biggest oil company reports this morning, monthly jobs report about to come out, futures down almost 300 points, and the ####### headline is about Bitcoin - what moron is in charge over there? 

 
Couldn’t have asked for a better jobs report from the market standpoint. It was good, but didn’t wildly overshoot expectations, which has been the fear.

 
fantasycurse42 said:
I mentioned yesterday, on the way to $150 range - think it'll find buyers there. 

I'm a buyer there.
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I'd definitely be joining you. Will probably be picking up more before then as well.

Think it was at around 175 last night when I checked last night, dropped down to around 164 this morning. I'm not sure how after hours trading is calculated but that's a big swing.

 
I stupidly got out of AAPL in the high 150s a few months ago.  Buying back in slowly - 200 at $163.27.  I think the iPhoneX panic is overrated and the margins on the exploding services business are being overlooked. 

ETA:  I'm also the only idiot on these boards not on AMZN, so ignore my posts. 

 
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I'll take credit for the down market. I'd been sitting on some cash for 7 months waiting to get back in. Reallocated 9 days ago.  :bag:

 
https://www.reuters.com/article/us-mining-blockchain-cobalt/blockchain-to-track-congos-cobalt-from-mine-to-mobile-idUSKBN1FM0Y2

LONDON (Reuters) - Blockchain is to be used for the first time to try to track cobalt’s journey from artisanal mines in Democratic Republic of Congo through to products used in smartphones and electric cars.

Sources close to a pilot scheme expected to be launched this year say the aim is eventually to give manufacturers a way of ensuring the cobalt in lithium-ion batteries for products such as iPhones and Teslas has not been mined by children.

Tracking cobalt presents many challenges as scores of informal mine sites would have to be monitored, all players in the supply chain would need to buy into the scheme, and accurate, electronic data would need to be transmitted from remote areas - all in a vast country plagued by lawlessness.

But companies are under growing pressure from consumers and investors to show the cobalt they use has come through supply chains free of rights abuses, just as they have for minerals used in electronics such as tantalum, tin, tungsten and gold.

Businesses in China, the main destination for Congolese cobalt from artisanal mines, have set up a Responsible Cobalt Initiative, which has been joined by tech giants such as Apple and Samsung, to address child labor.

The problem they face is that there are few sure-fire ways of tracing cobalt from the informal mines that produce up to a fifth of the cobalt from Congo, the world’s biggest producer.

“The demand to make cobalt more sustainable is going to continue growing, meaning there is a will to find a solution and blockchain will be part of that,” said a source with the project, who declined to be named because it is not yet public.
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:ninja:

 
Kind of feels like we are due to have some red numbers for awhile. Been too good for too long.

 
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DJIA gonna end up giving back 1,000 points this week, prob more. End up down 700 today, watch for accelerated selling to end the day.

Jobs report showed a super strong economy, this is like taper tantrum 2.0 starting to unfold. 

The craziest part is when you look at the history of rates, we're still near historic lows... Bonds and stocks selling in unison, nowhere to hide, wonder where that money is going (I say right back in by the end of this month)?

 
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So I literally just put $12k into my son's 529 plan and changed my investment strategy to Aggressive on Wednesday. I gotta see if the money went in yet. Ugh

 
shadyridr said:
So I literally just put $12k into my son's 529 plan and changed my investment strategy to Aggressive on Wednesday. I gotta see if the money went in yet. Ugh
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It's noise, don't pay attention to it... Economy is super healthy right now - market just having a tantrum that rates are going to rise, it'lll deal with it and keep going until we hit a recession, which isn't a big risk for 2018 at all.

 
fantasycurse42 said:
It's noise, don't pay attention to it... Economy is super healthy right now - market just having a tantrum that rates are going to rise, it'lll deal with it and keep going until we hit a recession, which isn't a big risk for 2018 at all.
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I know but its weird that I haven't touched his 529 account in like 5 years UNTIL Wednesday.

 
Market lost about 4% this week, DJIA almost 700 points today, bloodbath? 

IDK, I'm comfortable to sit back and watch, but it wasn't fun watching. I don't think it's done either. 

 
WFC, OMG!!

gonna drag the other banks with it. Could be a buying opportunity for BAC/JPM - rising rates are good for them. Unless that selling money is exiting the sector, it needs to go somewhere.

 
If we see an entire market correction, after pouring through the tape, I see no reason than to go anywhere besides Amazon. 

Really feeling like an idiot for selling some at $1,300, now I want more :kicksrock:

 
@siffoin

I’ve tried to get my chart game on a little more this year, but I’m still just a novice. Curious what you’re seeing on AMZN.

I see the recent run with a trendline that looks to be around $1400 - if that doesn’t hold during a selling rout, I can see a drop pretty quick to $1250-1300. RSI also shows overbought. 

Any thoughts? Just trying to find a good spot to add.

 
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Not that I know anything but I've read a few things that think it could be over 2k in the next 18 months. Why not just jump in now and don't sweat potentially overpaying a few bucks or so? 

 
Capella said:
Not that I know anything but I've read a few things that think it could be over 2k in the next 18 months. Why not just jump in now and don't sweat potentially overpaying a few bucks or so? 
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I honestly think in 10 years this stock could be like $5k, but I don’t want to take a larger stake into the teeth of a pullback, and there are some warning signs here. It’s not going to gain 23% every month, and at points it’s going to give up gains - I’m just seeing some warning signs of that now, coupled with weak tape across the board, if I’m patient, I can prob grab extra shares. 

If it was at $5k in 2028 and I picked up an extra 10 shares with patience, that’s the difference of $50k - kinda how I view trying to get a better entry point.

 
fantasycurse42 said:
I honestly think in 10 years this stock could be like $5k, but I don’t want to take a larger stake into the teeth of a pullback, and there are some warning signs here. It’s not going to gain 23% every month, and at points it’s going to give up gains - I’m just seeing some warning signs of that now, coupled with weak tape across the board, if I’m patient, I can prob grab extra shares. 

If it was at $5k in 2028 and I picked up an extra 10 shares with patience, that’s the difference of $50k - kinda how I view trying to get a better entry point.
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what IS the price you will add more during this pullback no matter what?

 
Rattle and Hum said:
what IS the price you will add more during this pullback no matter what?
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$1,250 I’d be all-in. I’m trying to figure out the best way to get in with maximum shares and trying to not let FOMO mess me up. 

I went through their earnings report yesterday and it’s nothing short of AMAZONING. Still, with the weak tape, feels like a sell the news event. Opened almost near $1,500 and continued to sell with the market over the course of Friday. 

 
fantasycurse42 said:
I honestly think in 10 years this stock could be like $5k, but I don’t want to take a larger stake into the teeth of a pullback, and there are some warning signs here. It’s not going to gain 23% every month, and at points it’s going to give up gains - I’m just seeing some warning signs of that now, coupled with weak tape across the board, if I’m patient, I can prob grab extra shares. 

If it was at $5k in 2028 and I picked up an extra 10 shares with patience, that’s the difference of $50k - kinda how I view trying to get a better entry point.
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I see what you're saying and that's smart. I am basically buying every chance I get at this point though, damn the price. I want to get as much as I can before it hits 2k. 

 
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