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Stock Thread (23 Viewers)
- Thread starter St. Louis Bob
- Start date
Well, I’m back to positive on SQ and AMZN that I bought right before end of day Wednesday. Kind of wish I pushed the rest of my cash into those on Thursday. Watched AMZN below 1700 and SQ at 65. I still thought there may be some more downside soon if this is just a bounce, so I didn’t want to push everything. If it goes up, the. I’ll be happy but I will still regret missing a true bottom since I was watching it happen.
Hmm, a little better than I thought. Up $3k since Wednesday. I’ll take that after that huge drop on Thursday.
Hmm, a little better than I thought. Up $3k since Wednesday. I’ll take that after that huge drop on Thursday.
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Sand
Footballguy
One can successfully manage money not knowing what a support level is. Heck, these technical details almost never come into a buying or selling decision for me.
fantasycurse42
Footballguy Jr.
I bought a few cheap upside Tesla calls. Basically lit a few dollars on fire.
Anyways, I've been trying for 6 months now to figure out how this cycle ends and what causes it, and most importantly, when to time a complete exit. My 401k is still 100% invested, and outside of shifting some money outside of the US last month, it is still fairly aggressive, I'll prob be dialing back that aggression at the turn of the year. I've got a bunch of other stuff scattered across a bunch of things, most I can liquidate quickly.
One chart really grabs my attention, corporate debt vs GDP, you can disregard if you want, or come to your own conclusions, but the charts can be found with a simple search "corporate debt to GDP." The pattern since 1990 is pretty pronounced.
I've been looking at historical charts, comparing historical unemployment levels, reading forecasts for specific years (1997-2010), and trying to put the puzzle as best as I can. With all of that, I've got nothing
I would say, be mindful of this when looking at forecasts at the beginning of any year. Siegel is a very-well respected economist, Wharton professor, etc... Here is his article from Jan 2008
https://www.kiplinger.com/article/business/T019-C000-S002-my-forecast-for-2008.html AMAZING READ!!
Anyways, I've been trying for 6 months now to figure out how this cycle ends and what causes it, and most importantly, when to time a complete exit. My 401k is still 100% invested, and outside of shifting some money outside of the US last month, it is still fairly aggressive, I'll prob be dialing back that aggression at the turn of the year. I've got a bunch of other stuff scattered across a bunch of things, most I can liquidate quickly.
One chart really grabs my attention, corporate debt vs GDP, you can disregard if you want, or come to your own conclusions, but the charts can be found with a simple search "corporate debt to GDP." The pattern since 1990 is pretty pronounced.
I've been looking at historical charts, comparing historical unemployment levels, reading forecasts for specific years (1997-2010), and trying to put the puzzle as best as I can. With all of that, I've got nothing
I would say, be mindful of this when looking at forecasts at the beginning of any year. Siegel is a very-well respected economist, Wharton professor, etc... Here is his article from Jan 2008
https://www.kiplinger.com/article/business/T019-C000-S002-my-forecast-for-2008.html AMAZING READ!!
NREC34
Footballguy
Hopefully when you get it all figured out you’ll start up a thread so as to warn everybody.I bought a few cheap upside Tesla calls. Basically lit a few dollars on fire.
Anyways, I've been trying for 6 months now to figure out how this cycle ends and what causes it, and most importantly, when to time a complete exit. My 401k is still 100% invested, and outside of shifting some money outside of the US last month, it is still fairly aggressive, I'll prob be dialing back that aggression at the turn of the year. I've got a bunch of other stuff scattered across a bunch of things, most I can liquidate quickly.
One chart really grabs my attention, corporate debt vs GDP, you can disregard if you want, or come to your own conclusions, but the charts can be found with a simple search "corporate debt to GDP." The pattern since 1990 is pretty pronounced.
I've been looking at historical charts, comparing historical unemployment levels, reading forecasts for specific years (1997-2010), and trying to put the puzzle as best as I can. With all of that, I've got nothing
I would say, be mindful of this when looking at forecasts at the beginning of any year. Siegel is a very-well respected economist, Wharton professor, etc... Here is his article from Jan 2008
Bossman
Footballguy
Just when I think I'm beginning to understand a little about stock trading ...
I read this and realize ... I'll never understand.
And now I'm potentially facing both "blue and green" scenarios to deal with? Could this day get any worse?
Bob Sacamano
Footballguy
Sand
Footballguy
This may be the most wrong statement said on this message board.
:queue up Queen:
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St. Louis Bob
Footballguy
NETFLIX!!!!!!!!!!!!!!!!!!!!!
fantasycurse42
Footballguy Jr.
Congrats Netflix guys. This is one I missed and sadly will in the future too. Roughly $175B company, $16B in revenue, $1B in profit (2018 FY forecast, based on their guidance for Q4). I can't compute those numbers when the competition is getting so intense in their space and we're late in a cycle.
I'll continue to miss out on this one and wish you guys the best.
I'll continue to miss out on this one and wish you guys the best.
Wish I owned a pair of iron cajones. I bought a couple little vertical call spreads before the close, looks like I’ll double up on my meager $750 gamble. I considered swinging for the fences with a straight up call but it would have cost me double. That would have been an easy three grand. Congrats to all who will cash in on NFLX popping.
Capella
Footballguy
That’s why I took a big (really big) dive into AMZN and SQ. I felt like this quarter was going to be another great one. I’m just mad I didn’t wait one day and/or didn’t put the rest in on Thursday. I’m happy that I at least put 70% of my cash in at a good discount to the top.
ETA: Based on after hours, up $8k since Wednesday even though I was down $20k at the bottom. Sweet. If I had waited 10 minutes, would have been a very nice week.
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Rattle and Hum
Footballguy
Rattle and Hum said:
Sensitive much? If the information is valuable to you than buy it and see how it goes; I have no problem with this. That particular statement was pedestrian for a paid service and it struck me as awkward, silly, and simplistic. I do have a problem with non-professionals hawking paid services that they haven't personally and thoroughly vetted. To me, one should be incredibly careful when promoting financial advice marketers.
Thanks for the advice on my personal assets. Perhaps I should follow the actual trades Avi makes... I wonder if he makes this information available? I couldn't find a way to subscribe to his real-time trades. I also couldn't find his third-party, verified trade results...doesn't necessarily mean that this information is not available. I suppose he's now long given today's 2790 breach? Of course, we're not sure if this is the "blue or green" scenario so I guess maybe we should subscribe and wait for further instructions (hint: 2790-ish is now support and 2870-ish is resistance; let's all huddle together to see which of these two levels give way and then he'll issue our new levels to watch...magical).
Bossman
Footballguy
Hard for me to get excited when my NFLX cost basis is 417
D'oh!
Could be worse I guess ... but not by much.
fantasycurse42
Footballguy Jr.
On days like today, best advice:
Remember in Feb when the DJIA dropped 1600 points in minutes? With the algos, that can always happen when selling gets extreme. Leave some stupid low open orders out there, those things happen in seconds. Odds are it doesn’t fill, but you could get lucky.
Better to have the order open, than look back and say “wow, I can’t believe Amazon traded at $1,648 today!”
Remember in Feb when the DJIA dropped 1600 points in minutes? With the algos, that can always happen when selling gets extreme. Leave some stupid low open orders out there, those things happen in seconds. Odds are it doesn’t fill, but you could get lucky.
Better to have the order open, than look back and say “wow, I can’t believe Amazon traded at $1,648 today!”
Yeah, I’m just remembering buying last Wednesday at the end of the day and I should have waiting till the morning. Seemed like a great opportunity. Down 15% from the top and down over $100 in two days, then a $100 more in the first couple hours. I’m still positive on that purchase even with today, but I didn’t push all in so I wouldn’t mind a little extra opportunity. They report next week and I am certain they’ll knock it out again and eventually get back up to where they were.
I may throw out a low ball just in case. I did, $1650 for fun.
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cosjobs
Footballguy
cosjobs
Footballguy
Wu-banger
Footballguy
Any info on medical / legal marijuana investments ?
https://www.investopedia.com/investing/10-canadian-marijuana-stocks/
https://www.investopedia.com/investing/10-canadian-marijuana-stocks/
fantasycurse42
Footballguy Jr.
I get the sense that this is being solely driven by retail consumers and no institutional investors, I'd tread lightly.
It's like crypto, you might hit that 50% gain in 6 sessions, but it sure as #### can go against you too. If it does go against you, are you comfortable holding that symbol? I'd need to be able to answer that question before putting a dollar into to it.
I agree. The value of these companies seems to equate to everyone smoking pot and I don’t think that the market is that big. If it weren’t pot then it wouldn’t have such a spotlight on it and thus have a get rich quick/crypto feel to it.
Mystery Achiever
Footballguy
I agree that this the cannibis trade is over-hyped and where a lot of crypto money went. But it is much broader than people smoking pot. There are wellness and medical segments, as well. Even companies like Coke are looking at CBD for "wellness beverages".
fantasycurse42
Footballguy Jr.
I'd compare the marijuana market now to the tech market in the mid-late 90's, just as of now, without the institutional money. Think it prob has some room to run, but when the air comes out, it'll be quick. When that happens, then the real companies will get to work. A lot of pump/dump scammy stuff with a bunch of these tickers, and even the legit companies, their prices are rainbows and unicorns.
My honest opinion, if you want exposure, and want it from a legit source, as of now, Constellation Brands would be your best bet. They took a 10% stake in Canopy, and I think their getting their toes in the water. If we progress towards legalization, they'd be a company I think is heavily involved.
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Bob Sacamano
Footballguy
Bob Sacamano
Footballguy
But we're talking about people who think Corona is a worthwhile investment, so I'd tread lightly.
Mystery Achiever
Footballguy
I added to my Constellation position this morning. Their current stake in Canopy is 38%
Bob Sacamano
Footballguy
iirc, the most worthwhile thing constellation makes is Black Velvet. And that's... that's not good.
Bob Sacamano
Footballguy
Then again, McDonald's makes money, so...
Mystery Achiever
Footballguy
fantasycurse42
Footballguy Jr.
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Bob Sacamano
Footballguy
Jesus people have no taste.
Bob Sacamano
Footballguy
"Hey, the drunk thinks this booze company sells #### products. Maybe I should think about that."
I'm just sayin'.
I'm just sayin'.
Bob Sacamano
Footballguy
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fantasycurse42
Footballguy Jr.
On the subject of beer, last month we got hit with some super nice weather right around my wife's birthday, decided to take the fam down to Cape May for a last minute 5 day beach vacation. Wanted to squeeze every last drop out of summer.
Went into the store and found a beer brand called Cape May Brewing Company - being in Cape May, figured I'd give it a shot. Went with my favorite name in the lineup (which also happened to be the strongest), Coastal Evacuation, 8%. I bought 12, got the wife a jug of Grey Goose.
Beyond enjoying the taste of the beer, I have no ####### clue if they lace this stuff with Acid and Viagra, but I was basically hallucinating after about 8 and had some of the best sex of my life.
We were on the beach (and luckily being mid-September it was empty), and the wife & I were rolling around in the sand like 5 year olds. I looked at pictures the next day, I don't recall ever seeing myself so ####### hammered, yet I woke up with no hangover. Went through about a dozen of them a day for 4 days (5th day I had to drive home at night).
Conclusion; give Cape May Brewing Co. Coastal Evacuation a shot. But be in a safe place and have a wife (or hooker) close by.
Went into the store and found a beer brand called Cape May Brewing Company - being in Cape May, figured I'd give it a shot. Went with my favorite name in the lineup (which also happened to be the strongest), Coastal Evacuation, 8%. I bought 12, got the wife a jug of Grey Goose.
Beyond enjoying the taste of the beer, I have no ####### clue if they lace this stuff with Acid and Viagra, but I was basically hallucinating after about 8 and had some of the best sex of my life.
We were on the beach (and luckily being mid-September it was empty), and the wife & I were rolling around in the sand like 5 year olds. I looked at pictures the next day, I don't recall ever seeing myself so ####### hammered, yet I woke up with no hangover. Went through about a dozen of them a day for 4 days (5th day I had to drive home at night).
Conclusion; give Cape May Brewing Co. Coastal Evacuation a shot. But be in a safe place and have a wife (or hooker) close by.
Bob Sacamano
Footballguy
I actually like Ballast Point.
Carry on.
Carry on.
djmich
Footballguy
Not the right thread, but I’m a big Cape May fan. Peter Shields one of my fav restaurants, recommend trying.
Take_The_Shot
Footballguy
Probably not an original thought, but in for 50 shares of TTWO at $122.50 for a short term play.
If a bunch of old dudes on FFA are excited about Red Dead, I can't imagine how many copies will be sold to the younger generation. And it has had a nice dip this week.
If a bunch of old dudes on FFA are excited about Red Dead, I can't imagine how many copies will be sold to the younger generation. And it has had a nice dip this week.
NeverEnough
Footballguy
What are people buying today for a quick buck?
