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Slack getting hammered after reporting top and bottom beats. Thinking of hopping in after hours. 

meh, or not
 

 
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stbugs said:
It’s a bit of luck and some good stocks. AMZN helps, that’s up 30% and pretty much drives the biggest portion. CYDY definitely helped too and I’d love to see it run a bit more. Kind of in a lull news wise (as expected, can’t rush a trial) and being OTC hurts. Note that all my 401ks (just under 20% of my overall) are basically right with the S&P. Also, I actually haven’t done any short term purchases. Probably should have but I’m pretty conservative and definitely have a long term outlook which is why I am so heavy tech wise. I figure my wife and I max out the 401ks so I get enough of the S&P/Dow that I want to buy stocks that I like and believe will be big down the road.

Just throwing out some tickers and how they’ve done since I’ve started this about a year ago. These are all long term, but I bought TWLO, SWAV and TTD last May and they are at 60%, -20% and 90%. I bought MDB (80%), OKTA (75%), ZM (210%), ZS (130%), APPN (30%) and FSLY (175%, added in March) in October/November. I added SEDG (50%) and CYDY (150-180%) in January.

I added a bunch in late February though the bottom week in March with mostly good results. SHOP (130%), ETSY (90%), DDOG (85%), DXCM (70%), HUBS (45%), CRSP (44%), AYX (35%), ROKU (20%), HCAT (10%), FLGT (5%), HQY (5%) and of course LK (-80%).

The funny thing is that the ones I bought recently that haven’t performed as well was because I added them too early in the downturn. I liked the prices but should have waited just a bit more. For instance, I bought HCAT on 2/27 and those shares are barely positive. I DCA’d a little more and those shares are up almost 60%. It was a stark drop off. My only regret was not just pushing all in when I was buying on 3/16. That was true bottom for a lot of what I own and for so many stocks I was watching. I let the fear of another drop cloud the fact that they were really cheap. Anyway, hope it doesn’t seem like a brag just what I’m in now individual stock wise.
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It's always interesting to see what's been done. I'm going to stay mostly ETFs, most of those being broad market. Partly because I don't need to take the extra risk of individuals. (Only my Roth IRA and play account are individuals now)

BassNBrew said:
AAL was up over 40% today.
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:rant: I was seriously close to buying yesterday. (Only a couple thousand so not huge, but still)

 
NERV with a strong late-day move plus up a bit after hours. Getting close to break even for me, Bossman and the put-selling gang.

 
McBokonon said:
Slack getting hammered after reporting top and bottom beats. Thinking of hopping in after hours. 

meh, or not
 
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They've already run up a bunch. I had been watching, but I turned around and it went from 25 to 35 before I even noticed. If it dips back into the 20s, I would think about it. I'm not a huge fan just because I use Teams and like it a lot so I'm not sure I believe in Slack long term. That's a big ### competitor to have. They may be a decent stock to own, but I do think they get cheaper near term.

 
PennState-JD said:
Decided to see what a market basket of the top 10 added stocks at RH would do today.  Assume they each get equal weight dollar wise. Would have returned 26% today through about 2:30 when I measured and that includes the big dip with GNUS.  Gonna see if a trend emerges.  
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This is basically the trend I've been playing.

 
PennState-JD said:
Decided to see what a market basket of the top 10 added stocks at RH would do today.  Assume they each get equal weight dollar wise. Would have returned 26% today through about 2:30 when I measured and that includes the big dip with GNUS.  Gonna see if a trend emerges.  
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When do you know what the top 10 list is? Like can I look now and generally know what the top 10 for tomorrow is?  Not sure how much it changes day to day

 
Lacey said:
When do you know what the top 10 list is? Like can I look now and generally know what the top 10 for tomorrow is?  Not sure how much it changes day to day
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Could just check Robintrack a half hour after open.  See what's hot.  Think I'll give this a go.

 
I’d probably focus on small cap stocks. RH ain’t going to move AMZN not likely anything over a few billions. But could definitely be some smaller stocks they help pump. 

 
Lacey said:
When do you know what the top 10 list is? Like can I look now and generally know what the top 10 for tomorrow is?  Not sure how much it changes day to day
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You can see what the top adds were for the day and also for the most recent four hour period (I think Caustic pointed this out).  You can also see on a relative basis (%) which ones moved the most.  I am not seeing a ton of correlation between the relative gainers (probably due to lack of volume), but the top 10 seems promising with limited data.  A lot of them are smaller stocks that are obviously very volatile.  There are some on there like Amazon but I will likely ignore those.  I’d like to see a trend emerge, but my initial thought is try to buy in late in the day before the after hours drive them up further.  Hang on the next day and see where it goes.  Complete momentum play — crazy how some of these stocks are moving.  

 
sporthenry said:
I’d probably focus on small cap stocks. RH ain’t going to move AMZN not likely anything over a few billions. But could definitely be some smaller stocks they help pump. 
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What I’d be interested in is who’s kicking off these stocks? There’s no chance a stock with a $9M market cap is accidentally turned into a billion dollar company without people knowing what they are doing to creat a crowd funded rocket ship ride. 

 
ConstruxBoy said:
Stock Market does not equal the Economy
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I know this is oft repeated but I feel like, at the very least, it needs to be expounded upon. I feel like this statement can be broken up into two pieces. One, the stock market doesn't equal the economy in the sense that small businesses and startups aren't represented in it. In the simple example, as local restaurants close, Olive Garden can benefit from it. But that just means a shift in market share, in what would seemingly be a smaller pie. But that doesn't seem to be enough to justify the current moves. 

The other side, which my mind always goes to, is that the stock market can dislocate from the economy. This can be due to technicals, like the Fed pumping the system full of cash as well as the forward looking nature of the stock market. I'm sure there are many other reasons. 

I suppose it's impossible to ascribe how much is do to the former or the latter. But the latter is transitory. Obviously, it can last a while but eventually fundamentals catch up with the markets (unless we're in a new paradigm with the Fed). So while I don't doubt the market will get a bigger pie of the economy, the question remains, how much did that pie shrink and will the out-sized gains offset the shrunken pie? 

 
sporthenry said:
Man, seeing some videos from the casinos are crazy. No masks, no social distancing and a lot of folks who probably have at least one of the underlying health conditions. 

Guess we’ll see what this virus is all about. But if that doesn’t lead to a spike, not sure what we’re doing. Otherwise, guess it’ll be important to get that liability waiver in the next stimulus bill. 
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Even though I'm bullish on our markets-- in brutal honesty the rapid way that they have bounced is starting to make me feel moderately uncomfortable.   It feels like our markets are pricing perfection in the reopening of our economy--and that scares me.  Covid numbers are rising even with tests being limited in a lot of markets due to the protests.   Also--while I'm thrilled that most of the protests seem to be of the peaceful variety now--  the flip side is that peaceful protests tend to bring out more people and less social distancing.  Many people are legit acting like Covid doesn't exist and I hope that this doesn't bite us and the market in the butt.   I think we are probably due for  a couple hiccups in the market in the next couple/few weeks--and if people continue to ignore covid--I think that could manifest into a correction in the next 6-10 weeks. I think the key is to track the covid numbers while the protests are getting all of the attention as that is still the biggest relatively immediate threat to the market in my opinion 

 
$FOUR priced higher than the initial 19-21 range for their IPO with a price of $23. I put in for 300 shares to start, we’ll see if I get any. 

 
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McBokonon said:
$FOUR priced higher than the initial 19-21 range for their IPO with a price of $23. I put in for 300 shares to start, we’ll see if I get any. 
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That would be AWESOME if you are able to get 300 shares.  My entire office was only allocated 100 shares.  This looks like it will take off this morning.

 
I mean, that's a pretty massive difference. Largest gain vs 20% unemployment is pretty big. It doesn't seem to square with initial unemployment filings which had 40mn+ versus the 21mn unemployed right now. I wonder how much of it is due to PPP. Obviously some benefit as leisure and other parts of the economy opens up but will be interesting to see what happens going forward especially if spending isn't commensurate with the hiring. 

 
I am blown away at this. 

It’s great. I am not complaining at all. We are invested and loving this.....but man. Why does this feel........off. It is bizarre. 

Anyway....this is a perfect example of why you can’t time the market. It really is. It is one thing to have some fun and trade (BLMN, MGM, CCL) and make big chunks in weeks....days. And we have had fun with that. But the massive majority of money is long for this exact reason.  I still feel no question.....this is not a straight line. We have a ways to go in this recovery. Stick with quality has always been my mantra. 

STONKS GO UP.

 
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Unemployment now 13.3% and dropping. 

If we do not have a true second wave......we are going to recover faster than we all think. Which would be fantastic. 

 
Todem said:
Unemployment now 13.3% and dropping. 

If we do not have a true second wave......we are going to recover faster than we all think. Which would be fantastic. 
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July 1 could be a bloodbath, employment wise. Many companies, like mine, will have used up their PPP money and will be laying off staff again. 

 
I took all my profits from BLMN, MGM, STWD trades and dumped them into JPM at $90 as a cash safe haven. Now even that is going to be up well over 20%.

Wish I was more than a small potato.

Anecdotally, local businesses are just now starting to announce official closures.

 
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ex-ghost said:
July 1 could be a bloodbath, employment wise. Many companies, like mine, will have used up their PPP money and will be laying off staff again. 
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Absolutely. I still know we are going to have some bumps in the road. No doubt. But this rally is awesome. I am thrilled for all of us who stayed the course.

 
BroadwayG said:
I took all my profits from BLMN, MGM, STWD trades and dumped them into JPM at $90 as a cash safe haven. Now even that is going to be up well over 20%.

Wish I was more than a small potato.

Anecdotally, local businesses are just now starting to announce official closures.
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I have zero complaints on the amount of discretionary (my word for my mad money portion of my portfolio) money I was able to make on BLMN, MGM and CCL. I was buying nice sized blocks for myself in my personal account. Again zero complaints. Returns like we just made typically take years not weeks. 

The easy money was made.

How about BA?????? Oh yeah baby. Stay long on the master list everyone. Stay long.

 
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Freak Show said:
GOLD is down, and I'm still buying. I don't know why.
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I'm bullish--but I'm also disciplined.  The higher the market goes--the more it is pricing in perfection--buying an insurance policy at a discounted rate to back your investments is not a bad move.  Even as a bull-- I firmly believe that risk goes up as the markets go up--so I don't blame you for making this move. 

 
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