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Stock Thread (18 Viewers)

guru_007 said:
TSLA down near 300 right now.  It's been trading about 260 - 380 the past year or so where when it dips near 280-300 you buy and it generally bounces back up 10-20% pretty quick.  Pus you have that magic 360 number for March 2019 that Musk will do all he can to get about to avoid repaying about $1B and of course the mythical 420 price he's going private....not that I'm advising to do so, but it makes for an interesting gamble.
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Once faith in Musk is gone, it loses all support. Not sure what the tipping point will be, but feels like we're not far off from it. His credibility is in question now, even from staunch bulls. Bears know he has been propping up the stock price with overpromises, as soon as the bull Musk thesis is gone, they could be done as a company. 

$10B in debt, another almost $1B due in March (unless this stock decides to get over $360, which I don't see happening considering how tarnished his credibility is doing), and a base Model 3 at $35k which may or may not even be profitable for the company. 

 
Well, despite yesterday's condom and urine talk, I went ahead and bought some STZ today, Seems like it is finding support since it breached 200 briefly, but we'll see...

 
Mystery Achiever said:
Well, despite yesterday's condom and urine talk, I went ahead and bought some STZ today, Seems like it is finding support since it breached 200 briefly, but we'll see...
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I think I'll go ahead and pick up a 12 pack of Pacifico from Giant Eagle as soon as I duck out of work to celebrate with you. And immediately to the left of the 5 cases of Pacifico they have for sale will be 50 case of that urine. Cheers mate.

 
Sand said:
That said CVX might be a good swing trade right now.  It's just hit the bottom of its channel and i expect it will tilt back up after this little tantrum is done.  
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Bought 2 CVX 08/31/18 Put 112.00 @ 0.14
Filled at: Aug 20, 2018 12:30:27 PM EDT

Sold 2 CVX 08/31/18 Put 116.00 @ 0.63
Filled at: Aug 20, 2018 12:30:27 PM EDT

We'll see.

 
Sand said:
What does the profit/loss profile look like on that?  I don't do options.
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If it closes on 8/31/18 at 116 or higher (73% chance) I make $93 with paid commissions. Break even is 115.55. Risking $800; so, possible 23% return in 11 days. I could also get Put the stock and be long from $116 if it closes between $112 and $116 on 8/31. I only bought the $112s to keep my margin low.

 
Made a small profit on tvix today. In at $31.20 and out at $32.65. Still in the red with that stuff but I keep picking away at it.

Looks like I might get my discount on AMZN after all. I figured I had missed the dip after a healthy gain all day ... then it decided to flip red near closing and now continues to drop AH.

GOOGL is falling as well. Still need a deeper discount on either before I jump in.

 
-OZ- said:
Is anyone buying GameStop? 

Retail sucks unless you're Walmart or Amazon but with a PE ratio of 4.6, dividend ~ 9.5%, selling near it's annual low, book value per share roughly 1.5x the stock price, decent looking balance sheets, and my video game playing kids love the place.  

I don't know if the company can grow much but it seems a really good value. If it maintains the dividend anyway.
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https://finance.yahoo.com/news/options-traders-expect-huge-moves-125412057.html

It's been a nice week to own GME, but I think I might need to sell soon. Hung on through the small dips, reinvested the dividends and I'm up a decent amount now. I'm not really sure what's causing the surge / attention. 

 
The one thing I'd love to get data on (which is impossible, but you can use a mix of data to get an idea of) is how much of this strong GDP growth and consumer spending is being done on credit. My gut says quite a lot. 

Here is a question I'd love an answer on:

Consumer debts continue to grow, as do government total debt along with annual deficits. If the economy is at full go, which it basically is (don't think there is much room to get stronger, it's pretty ####### strong right now), when is debt paid off? Shouldn't debt be paid when things are going excellent? 

If debt and deficits don't decrease now, are we basically just borrowing our way to prosperity? That concerns me heavily, not for the immediate future, but more so for my retirement years as well as when my kids are grown. 

 
Cracks me up at people clamoring these last few days about how the market will tank because Trump and Cohen bla, bla, bla, ...

and previously, Spermy Dainiels, trade wars, Russia, Turkey, Italy, N. Korea, .... but it just continues to run up higher and higher. SPY - ATH this week.

Wall St. obviously doesn't care about politics. In the end, Cohen pleads guilty and it doesn't change AMZN's profit. (or any other company)

Those that have been sitting on the sidelines, sorry you're not benefiting from an extremely profitable time in the market.

When it does finally come crashing down, which it will eventually, you can tell me "I told you so". But until then, I be like "$ mo money, mo money, mo money $"

 
I'm just going to point out the amazon user experience is getting worse.  

Seems like they are pushing shipping options out more, the prices are frequently not price competitive, and they are hosting fewer and fewer products themselves instead of 3rd party.

I find myself shopping for stuff on Amazon and buying other places much more often now.  Sort of like how I treated Best Buy.  

 
It was in the investment world that I found my place. Here, the rules are different. You don't want to follow the crowd. When you follow the crowd you are, in fact, prey. What I discovered was that my purpose, my function, was to be a predator. Not a pack animal like a wolf, either. No, imagine me as the Lion, or the Tyrannosaurus Rex. In Jurassic Park when all the vegetarian dinos are flocking in the meadow and then the T-Rex swoops in and kills one, that's me. All of you who follow the crowd are those veggie-eaters. You've never tasted the flesh. You think you're safe as you run in the crowd and act like everyone else, but I'm just waiting to pick you off one-by-one. You flock to the tech sector, I'm there waiting for you. You run to pharmaceuticals, I'm laying in the weeds. You run to gold, I've cornered you again. I know your habits, and your tendencies. I know how you think. You may fear me, hate me, misunderstand me, or appreciate what I do but I'm prepared to fulfill my function just as you serve your place in the herd.

 
culdeus said:
I'm just going to point out the amazon user experience is getting worse.  

Seems like they are pushing shipping options out more, the prices are frequently not price competitive, and they are hosting fewer and fewer products themselves instead of 3rd party.

I find myself shopping for stuff on Amazon and buying other places much more often now.  Sort of like how I treated Best Buy.  
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I remember when amzn just sold books.

Next town over from mine, Amazon just built an enormous fulfillment center warehouse. It is gi-normous. I don't think they're going anywhere for a very long while.

The online shopping is a large chunk of what they do but I'm excited for what "else" they plan to do.

Prescription medicine will be YUGE once they finish getting licensed in every state.

and when they establish an "in house" delivery system and can stop sharing profit with USPS.

I keep thinking it's too late for people to get on board with amzn stock ... but then there's weeks like this. My goodness!

 
Bossman said:
I remember when amzn just sold books.

Next town over from mine, Amazon just built an enormous fulfillment center warehouse. It is gi-normous. I don't think they're going anywhere for a very long while.

The online shopping is a large chunk of what they do but I'm excited for what "else" they plan to do.

Prescription medicine will be YUGE once they finish getting licensed in every state.

and when they establish an "in house" delivery system and can stop sharing profit with USPS.

I keep thinking it's too late for people to get on board with amzn stock ... but then there's weeks like this. My goodness!
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Yeah I get all that, but as a big user I'm finding myself looking for reasons to find stuff elsewhere lately.  Having all the chrome extensions in place to price check does push me a little.

 
fantasycurse42 said:
The one thing I'd love to get data on (which is impossible, but you can use a mix of data to get an idea of) is how much of this strong GDP growth and consumer spending is being done on credit. My gut says quite a lot. 

Here is a question I'd love an answer on:

Consumer debts continue to grow, as do government total debt along with annual deficits. If the economy is at full go, which it basically is (don't think there is much room to get stronger, it's pretty ####### strong right now), when is debt paid off? Shouldn't debt be paid when things are going excellent? 

If debt and deficits don't decrease now, are we basically just borrowing our way to prosperity? That concerns me heavily, not for the immediate future, but more so for my retirement years as well as when my kids are grown. 
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Excellent thoughts!!!!!!!!!  Hopefully the increased tax revenue decreases the debt with increased revenue or it remains neutral.   I think this was the central thought with the tax cut as far as what you/we are worried about.   Hopefully..................................& no this is not political.   Just expressing what I think & hope.

 
tommyGunZ said:
FINALLY got in for 9 shares at $1709 a few months ago.  Enjoying the ride! 
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Bought 10 shares at $1300 and felt silly doing it. I thought AMZN was overpriced when it was trading for half that. All it has done is go up, now over 50% from my basis. Oh ya, that was 8 months ago. Ridiculous.

 
NeverEnough said:
& I thought I missed the spike when AAPL was $206. I am so dumb
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Sold AAPL covered calls for September. Already hit the strike price. I’m not going to lose money but it caps my profits. I’ve fallen in and out of love with covered calls very quickly. Really dinged my gains on several occasions. Kind of hope AAPL drops to make me feel better.

 
pecorino said:
Sold AAPL covered calls for September. Already hit the strike price. I’m not going to lose money but it caps my profits. I’ve fallen in and out of love with covered calls very quickly. Really dinged my gains on several occasions. Kind of hope AAPL drops to make me feel better.
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KSS bottomed with every other retailer not named AMZN, what, a year or so ago? Maybe when the whole foods deal went through? I thought it was way oversold and loaded up.  after a bit of a gain, I sold some covered calls KNOWING I'd be ecstatic with the 40% return I'd get if it ran that far. 

:mellow:

 
stbugs said:
I’ve had a #### ton in it from when it was in the 700s. It’s been glorious.
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it's my biggest holding by far. just wish I had a lot more.

Edit: Just went back to check and looks like I bought some originally at $268 on 4/23/2013.

Now it's around $2012. So, only like 650% growth in a bit more than 5 years. :excited:

 
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Aaron Rudnicki said:
it's my biggest holding by far. just wish I had a lot more.

Edit: Just went back to check and looks like I bought some originally at $268 on 4/23/2013.

Now it's around $2012. So, only like 650% growth in a bit more than 5 years. :excited:
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It’s crazy. Bezos has resisted but do they ever split it?

 
Them:   :sadbanana:  the crash is just around the corner.

Trump stuff, trade war, Russia, N.Korea, Turkey, stock market history / charts / metrics, LOUD NOISES, bla bla bla. ... and that's why I pulled out of the markets months ago.

Me: I don't watch the news. I don't follow politics. I'm about as ignorant to foreign policy as one can be ... and I have no idea what I'm doing in the stock market..

Ignorance is bliss!    :excited:  bwahahahaha ....whatever.      :tebow:  AMZN  :moneybag:  

 
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