FreeBaGeL
Footballguy
I am still sitting here waiting for a decent pullback to add more on, and like you mentioned I should have just gone in at ATH earlier today.
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Stock Thread (22 Viewers)
- Thread starter St. Louis Bob
- Start date
Polish Hammer
made of glass
What does ATH mean? Is that the ticker or some other acronym? What stock are you all talking about here?
FreeBaGeL
Footballguy
-OZ-
Footballguy
As the guys at motley fool say, buy winners!
$62.53 average, originally $53.88
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Sputnikv8
Footballguy
Missed the first few boats. There sure seems to be several other boats with this thing. I'm going to just, unemotionally, slowly keep jumping in. Heck, I look back at AAPL, sure I missed the sub 100 days, but, getting in at 190 looks pretty sweet now even though I felt like a sucker at the time.
¯\_(ツ)_/¯
ghostguy123
Footballguy
Two things
First, I want to be able to put in an order to buy some share of BLMN at exactly 30 minutes after the open every single day until I have no more money. Seems buying at the exact low for the day every day would be nice. Geeze. Like clockwork.
On a more serious note, regarding SE, why have I heard some of you talk about this company like it is the next big thing? I dont know much about it. Just wondering why the high level of long term confidence. Thanks.
First, I want to be able to put in an order to buy some share of BLMN at exactly 30 minutes after the open every single day until I have no more money. Seems buying at the exact low for the day every day would be nice. Geeze. Like clockwork.
On a more serious note, regarding SE, why have I heard some of you talk about this company like it is the next big thing? I dont know much about it. Just wondering why the high level of long term confidence. Thanks.
sporthenry
Footballguy
That's balance sheet equity. I don't use that, I know some folks do but you can get essentially negative b/s equity if company pays out a lot in dividends. There can just be noise in that number. PPL's market cap is ~$20bn, debt of $23.5bn and ~$1bn in cash means a debt to equity of ~100% (52% LTV). Just poked around Southern Company and Duke which are at 44% and 50% LTV, respectively. So 52% seems near the high end of utilities but by no means is it solvency risk. Utilities can also carry a decent amount of debt since they're regulated entities and essentially earn an allowable ROE. They also are only allowed to put so much debt on the opcos so that reduces the risk they over-lever themselves. At the end of the day, it's a utility, you're not going to get a double. At it's yield and LTV, you're getting it a discount which is likely due to its UK exposure. Haven't followed it closely enough to know exactly why though.
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Bossman
Footballguy
This could be it's own topic ... stock symbols that we should be leery of. ..
NOPE
LOSR
FAIL
NERV
chet
Footballguy
Bruce Patterson TEDx talk given this morning--start around 12:55
Bruce Patterson Yahoo Finance interview.
Bruce Patterson Yahoo Finance interview.
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NajehHejan
Footballguy
i just sold some crappy penny stocks at near break even just to shed those annoying stressful holds. i have 5K burning a hole in my account. Any stocks you like that have been beaten down the past 1-2 days for no good reason?
Nugget
Footballguy
I still have a couple that bother me, but I need to remember my cost basis on these are around $2200. Down 12% doesn't bother me as much when I look at the overall loss.
eaganwildcats
Footballguy
I, too, still have a bunch of tankers. At least Calvin is back on Twitter to keep me amused.
Sputnikv8
Footballguy
I added a bit back then too. Started to see some action today. It feels like this should trend up more this week, but, heck, I always get inverse wrong. I assume you don't hold these over the weekend.
Lol. It finished the day down. UONE finished down over 50%.There was, I believe, some discussion of whether UONEK would be up this morning.
Wow, some RHs took it in the junk. The volume on opening bell was 25M at $6.84. Finished at $2.65. Only a $100M in losses from the first few minutes of trading, more for the entire day.
sporthenry
Footballguy
Haha, is he saying anything good? May go to the selling puts on these suckers. Should have done that in the first place to free up capital. EURN Aug 10 puts trading ~$2. Make money if stock stays above $8. Will report early Aug but likely won't pay dividend yet so shouldn't see any leakage from that. Given what has happened, I may lighten up on the over-levered guys. No sense in paying similar prices for over-levered guys given uncertainty.
Sputnikv8
Footballguy
OOOF. That'll leave a mark. Used to be stories of investors jumping out of windows, not it's just iphones being thrown out of windows.
sporthenry
Footballguy
I mean, this is going to end terrible for some folks. I forget if folks posted about the kid who committed suicide when his RH account showed he owed them $700k. I didn't follow it all so not sure how much of that was recourse to him and may have just been a M2M thing, but the only way to make money on these things is to invest real money. And it only takes 1 miss and it can wipe out 10 hits if you keep doubling down.
I've been holding the TZA and FAS for longer periods until I get the movement I want or at least a solid day in the right direction. Even have bought both directions at the same time and waited for a 500 point move in one direction and liquidated that side. As long as we stay in a trading range I shouldn't get hurt. Also between holding 10-30% cash and long positions in things like the airlines and Blooming on dips, I have several irons in the fire and the ability to make money on various outcomes.
Agreed. No different than the folks who blow all their money on gambling.
Does RH allow options trading or margin? That’s amazing to me that it would.
steelerfan1
Footballguy
steelerfan1
Footballguy
Heavy sigh here...got in at 75, but then got Boglehead guilt and sold for VTI. got back in at 90. Almost got more at 88 but was hoping it would maybe reset a little bit. Newbie here still trying to learn from my errors.
caustic
Footballguy
Yes on both counts, although margin trading is only available to those who are Robinhood Gold members ($5/month).
Speaking of doubling down on bad investments, the Robintrack page for GNUS is astounding. They continue to pile in while the stock bleeds to death. Wonder how many of those folks also stepped in front of the UONE bus.
Kind of sad, just an expensive lesson for people who likely can afford it the least. If you look at the 1 month for GNUS, 90% of the volume is well above the current price. It’s at $3 and a couple hundred million shares changed hands at $7 to $11 per share. There’s under 100 million total shares in the entire company, let alone the float. People still holding probably bought way too high and can’t mentally get rid of it because they think it will come back.
-OZ-
Footballguy
I first heard of it from the rule breakers investing podcast, motley fool. https://pandora.app.link/Idu7Vg3Uo7
They're pretty high on it.
https://www.fool.com/amp/investing/2020/05/18/the-1-stock-im-buying-regardless-of-how-covid-19-e.aspx
The company's three operating segments are:
Garena: Short for "gaming arena," Sea's video platform is a place to distribute both internally developed games (like the highly popular Free Fire) and third-party titles.
Shopee: The largest e-commerce platform in Southeast Asia.
SeaMoney: A digital payment solution to purchase stuff both on and off Shopee's platform.
These three areas are growing. With a significant growing presence in SouthEast Asia, it seems to be in a strong place in a growing market.
Sea Limited has the largest market share in Southeast Asia (especially for cross-border sales), it is becoming the de facto choice for shoppers.
I'm as much betting on the region as the company.
... company’s yearly revenue forecasts for 2020 are expected to hit $4.32 Billion, or +48.1% up from figures reported last year.
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steelerfan1
Footballguy
I wouldn’t be the one who talks you into something as there are others here who know far more than I, but it looks like SE handles Shopee which looks like a Southeast Asia and Brazil Amazon type business. They also are involved in gaming and money transfers. Again I’m sure OZ or the other smart guys on here could break it down a lot better.
Bob Sacamano
Footballguy
It is definitely a risk, but it's on my watchlist. Malls aren't just going away, especially the high end ones they own.
-OZ-
Footballguy
There will be some remaining, but at least around here the outdoor lifestyle centers are huge.We have like one mall in the area, and very few people go there.
Edit- it looks like SPG has gotten into the lifestyle centers, that will probably help. (Just not the one near me)
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McBokonon
Footballguy
All of this, plus Free Fire was the highest grossing game in Latin America, too. They are also backed by Ten Cent so they have some added muscle to compete against the Alibabas of the world. It's a growth stock in three fast-growing segments, and they're aggressively going after market share, so I expect some wild movements up and down (although I have been expecting that for a while) but this feels like a chance to get in on an Amazon or MercadoLibre type early.
Bob Sacamano
Footballguy
Chaz McNulty
Footballguy
-OZ-
Footballguy
I don't mind boring.
Hell, if I had the chance to choose between wild swings and boring, I'd take 0.03% gains everyday.
CR69
Footballguy
JetMaxx
Footballguy
New investor here. In on FSLY at 47, out of half invested at 60. Timed it just right. Will pop back in on it. Might do the same with SE tomorrow, in on it at $97. I have a couple turds as well. APPN comes to mind. Hesitated on NET which seems to be a mistake. Thanks for all of the input here, it’s part of the decision process. 
-OZ-
Footballguy
easy money on less than 5% of my holdings or steady gains on the other 95%? I guess it doesn't matter that much, but I'm much more of a long term investor than gambler.
10% down, 10.3% up and we are both happy
steelerfan1
Footballguy
We just got our last transfer completed yesterday so we are now sitting at about 35% cash. I would like this for the rest of the year but after that I’m with OZ lol
Jeremy Grantham saying that we investors should own zero US equities: https://www.marketwatch.com/story/stock-market-legend-who-called-3-stock-market-bubbles-says-this-one-is-the-real-mccoy-this-is-crazy-stuff-2020-06-17?siteid=yhoof2&yptr=yahoo
-OZ-
Footballguy
Ouch. Dumped 1/3 of their fund at the bottom. Not going to say that I don’t think we are frothy but Hertz is an exception. That’s not something I would point to at all.
Even before the CNBC interview that aired on Wednesday, Grantham and those at his firm had been bearish. “Uncertainty has seldom been higher…oddly, neither has the stock market,” warned Ben Inker, GMO’s head of asset allocation, adding that investment company slashed its stock exposure in its flagship Benchmark-Free Allocation Strategy from 55% in March to just 25% by the end of April.
