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Stock Thread (41 Viewers)

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I know a couple people bought INTC after their 17% drop after earning but it's gone down steadily since then.  What's the play here?  keep holding?  Looking at the chart doesn't help since it's trading way below all the moving averages.

 
Steeler said:
I know a couple people bought INTC after their 17% drop after earning but it's gone down steadily since then.  What's the play here?  keep holding?  Looking at the chart doesn't help since it's trading way below all the moving averages.
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Disclaimer -my exposure to INTC isn't super big so I want to make clear that I'm not betting a ton on it.  With that said--I'm planning on holding long term--and if the price keeps going down--I will look to add little by little to lower my average cost.    They make solid products but are having some supply chain issues that are impeding them. I also own AMD and got into them relatively early---so I've made a killing there.  From somebody that owns both stocks--I personally think that AMD has probably run a little too high too fast and Intel has probably dropped a little too far too fast.   Just my 2 cents. 

 
I've gone full Alabama.

Sitting in the back of my truck (RAV4 but whatever), waiting for my 15yo to take his permit exam, listening to turnpike troubadours, checking my stocks, watching 8 guys in Orange jump suits load into a van. And people watching, so much white trash here. (Guntersville). Love the area though, hills, Tennessee River and a lake.  Trailers near million dollar homes.

 
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pmedina said:
May dip into BA and Intel at these levels. 
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Are you looking at it long term?  The CEO was interviewed on CNBC today and he basically reiterated what Raytheon's CEO said--that he expects the covid downturn to last 3 years or so.   I don't remember the exact numbers--but the company has something like 32 billion in assets and is carrying like 60 billion in debt.  The CEO also said that they are still getting lots of cancelled and deferred orders.   Don't get me wrong--I'm not a BA hater--but I am a short to medium term BA skeptic.   The company is literally alive solely due to borrowed money.   Unless you are looking at a multi-year play--I just think there are far more appealing stocks.  

 
jvdesigns2002 said:
Are you looking at it long term?  The CEO was interviewed on CNBC today and he basically reiterated what Raytheon's CEO said--that he expects the covid downturn to last 3 years or so.   I don't remember the exact numbers--but the company has something like 32 billion in assets and is carrying like 60 billion in debt.  The CEO also said that they are still getting lots of cancelled and deferred orders.   Don't get me wrong--I'm not a BA hater--but I am a short to medium term BA skeptic.   The company is literally alive solely due to borrowed money.   Unless you are looking at a multi-year play--I just think there are far more appealing stocks.  
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Yes, it would be a longer term position. 

 
jvdesigns2002 said:
Are you looking at it long term?  The CEO was interviewed on CNBC today and he basically reiterated what Raytheon's CEO said--that he expects the covid downturn to last 3 years or so.   I don't remember the exact numbers--but the company has something like 32 billion in assets and is carrying like 60 billion in debt.  The CEO also said that they are still getting lots of cancelled and deferred orders.   Don't get me wrong--I'm not a BA hater--but I am a short to medium term BA skeptic.   The company is literally alive solely due to borrowed money.   Unless you are looking at a multi-year play--I just think there are far more appealing stocks.  
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Love posts like these. Thank you. You help make this thread valuable.

 
jvdesigns2002 said:
Are you looking at it long term?  The CEO was interviewed on CNBC today and he basically reiterated what Raytheon's CEO said--that he expects the covid downturn to last 3 years or so.   I don't remember the exact numbers--but the company has something like 32 billion in assets and is carrying like 60 billion in debt.  The CEO also said that they are still getting lots of cancelled and deferred orders.   Don't get me wrong--I'm not a BA hater--but I am a short to medium term BA skeptic.   The company is literally alive solely due to borrowed money.   Unless you are looking at a multi-year play--I just think there are far more appealing stocks.  
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I mentioned this a while back, too, but some airline CEO's were so upset about how they handled MAX they may legitimately go to Airbus when it's time to buy planes, at least more than usual. 

 
[icon] said:
HGEN doing pretty awesome. We cutting bait with that or HODLing?

@Whyattwas that your toss out? Thoughts? 
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It was.  :bag:

What a thinly traded stock. I was expecting a lot more excitement than this.

I’m holding, not buying. I think it will go to NASDAQ soon, and could get caught up in momentum at some point. And it looks like we still need a promising drug or 2 to help the inflammation issues with Covid.

This is a risky stock.

 
Caesar said:
I have been really trying to educate myself on options recently.  Took an opportunity to sell a covered call on GRWG @ 7.50 strike.  It was just 1 contract, so not too much invested, but I am actually hoping that it gets activated so I can see how that works in actual practice.  I bought at $7.16 and sold the contract for $60.

If I am understanding this right, the price would have to go above about $8.10 for me to "lose" on the deal.
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As more proof that I suck at this, GRWG, the ONLY stock in my portfolio that is in the green today, is now up almost 10%.

Just waiting for them to cash in on the covered call I sold.  I'm not sure how that works.  Will the system automatically sell my shares when its executed?  TD Ameritrade

 
GoBirds said:
Which ETF do you like that hasn’t already run too far in your opinion?
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I think all of them still have room to run, but I am pretty bullish overall. I'm also not very risk adverse, so if I felt I was getting in late I would get into a Silver ETF instead. 

SILJ

SIL

The silver thesis is it always lags behind Gold, the gap is incredibly large right now (even with the recent breakout), and the industrial use angle could come into play if there is some for of a Green Deal / infrastructure package. 

 
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Whyatt said:
It was.  :bag:

What a thinly traded stock. I was expecting a lot more excitement than this.

I’m holding, not buying. I think it will go to NASDAQ soon, and could get caught up in momentum at some point. And it looks like we still need a promising drug or 2 to help the inflammation issues with Covid.

This is a risky stock.
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This is the same exact situation with cydy and you hate it. :mellow:  

 
BassNBrew said:
Please give some detail.  Is it lagging to the point this is an obvious buy?
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All miners are down today. My gut says they're betting on a pullback on the underlying commodity, def a possibility, but the overall direction is up. For a daytrader, I have no clue. I remember you saying you sold at $23 or $24 on a simple trade, I recommended accumulating, not selling down there. For an investment, I think the direction remains north.

JerseyToughGuys said:
Barrick isn't a pure gold play. They also mine copper in increasing amounts. It's not surprising that it doesn't move lock step with the price of Gold. 

Many of the problems outlined in this 2014 article still remain today. 

https://www.cheatsheet.com/money-career/barrick-gold-shares-continue-to-underperform-heres-why.html/
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The very first point this article makes is insanely incorrect in 2020. Very few companies in the world (not just miners) have done as a good a job as Barrick eliminating debt. 

GoBirds said:
It’s lagging the gold etfs by quite a bit?
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IAU which is a pure gold low expense play, YTD up 28%, GOLD YTD 55%.

Glad I made that switch over from IAU to GOLD :thumbup:  I'm just being greedy with my earlier comment. 

 
So for our $LVGO experts, how concerning is today's news that they are done w/ their contract with CVS?  Was that already priced in?  Stock only dropped a few bucks on the news and is still up 6% on the day.  CVS accounted for 20% of their revenue over the last two quarters.

 
BassNBrew said:
While I agree this is the case, there were clues to this (I wasn't smart enough to figure them out).  Trump was at the Fuji location 2 days ago.  This was a tell that something was coming.  Obviously he's going to invest in a US company before a Tokyo company.
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You mean personally invest? I have zero doubt. 

 
pecorino said:
You mean personally invest? I have zero doubt. 
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No, I wasn't suggesting that even if it's true.  

If you have two companies with similar abilities I suspect the one based in the US is going to get the contract for a US pandemic.

 
CR69 said:
Yeah I was reading that was the cause for the huge drop on DKNG, MGM and PENN yesterday. I understand DKNG but sports betting is a blip on the balance sheet for casinos so I don't get how it is making that much of a difference either way with MGM and PENN. Markets., irrational, money, etc. 
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Woof, I can't get PENN right. I'm close to cutting bait but the thing just doesn't make sense. I guess it's up on both baseball not being over coupled with BYD posting better than feared numbers. Probably hold till earnings and reassess. I'm sure they'll pump the hell out of their app. Stock is up on sports betting but doesn't even have an app for it. I know, forward looking and all. And hey they're asset light because they don't own any of their real estate, just have above market leases on all of them. 

 
Not sure how true it is but I read that 67 million shares of Kodak were shorted yesterday. A end of your financial life moment if I ever saw one. 

 
sporthenry said:
Woof, I can't get PENN right. I'm close to cutting bait but the thing just doesn't make sense. I guess it's up on both baseball not being over coupled with BYD posting better than feared numbers. Probably hold till earnings and reassess. I'm sure they'll pump the hell out of their app. Stock is up on sports betting but doesn't even have an app for it. I know, forward looking and all. And hey they're asset light because they don't own any of their real estate, just have above market leases on all of them. 
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I’m expecting MGM and PENN to get crushed on earnings due to those leases but who knows. I’m still way up on my long term MGM puts but they’ve been canceled out almost to the $ by my PENN puts lol. 

 
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