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Stock Thread (7 Viewers)

Guinis72 said:
Does anyone own an LI?  I bought a little this morning...
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Every time I touch a China stock, it turns out the books are being cooked.  Sounds like a great stock and if you bought early today it's done well for you already.  I'll probably sit this one out and not jinx it for you.

 
BassNBrew said:
Every time I touch a China stock, it turns out the books are being cooked.  Sounds like a great stock and if you bought early today it's done well for you already.  I'll probably sit this one out and not jinx it for you.
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Good advice.  I apparently bought at the exact wrong time as I'm already down 2%.  Lol.  I sold 2 TSLA shares to buy it though, which is down even more now.

Btw, sorry for that bad MU advice a few weeks ago to anyone who may have listened, it's up 2% today, but still quite a ways from the $48 where I originally bought it and posted about it!  I've since doubled down and still expect it to make it back to the $50's at some point...

 
Guinis72 said:
Good advice.  I apparently bought at the exact wrong time as I'm already down 2%.  Lol.  I sold 2 TSLA shares to buy it though, which is down even more now.

Btw, sorry for that bad MU advice a few weeks ago to anyone who may have listened, it's up 2% today, but still quite a ways from the $48 where I originally bought it and posted about it!  I've since doubled down and still expect it to make it back to the $50's at some point...
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MU, what's the deal here? I've watched it slide nearly 20%. Very surprising.

 
⚡DEADHEAD⚡ said:
MU, what's the deal here? I've watched it slide nearly 20%. Very surprising.
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I'm not sure.  JP Morgan still priced it at $65 on 8/14/20 and I haven't seen any negative news.  This is my type of luck  though "- Longest losing streak since Nov. 16, 2015, when it fell for nine straight trading days".  

Micron Technology Down Seven Consecutive Days So Far, on Track for Longest Losing Streak Since November 2015 -- Data Talk

BY Dow Jones & Company, Inc.
— 12:16 PM ET 08/21/2020

Micron Technology, Inc. ( MU 

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) is currently at $42.63, down $0.36 or 0.83%

-- Would be lowest close since April 21, 2020, when it closed at $41.41

-- Currently down eight of the past nine days

-- Currently down seven consecutive days; down 12.07% over this period

-- Longest losing streak since Nov. 16, 2015, when it fell for nine straight trading days

-- Worst seven day stretch since the seven days ending March 20, 2020, when it fell 17.41%

-- Down 14.83% month-to-date

-- Down 20.73% year-to-date

-- Down 55.85% from its all-time closing high of $96.56 on July 14, 2000

-- Down 0.77% from 52 weeks ago (Aug. 23, 2019), when it closed at $42.96

-- Down 28.94% from its 52-week closing high of $59.99 on Feb. 19, 2020

-- Up 23.67% from its 52-week closing low of $34.47 on March 16, 2020

-- Traded as low as $42.48

-- Down 1.17% at today's intraday low
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OKE purchase from Friday hit it's sell limit up a little bit.  Still down 5% on the bulk of my holdings here.  I was up over 10% at one time.  You still loving this stock @Golf Guy 69 

 
skycriesmary said:
EVSI - Wait!
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I hate to chuckle, but I never bought any and before was just joking about taking it off my list because of you. This post just reminded me of that. I was interested but I hesitate to jump into a tiny stock ($70M market cap). Their earnings a couple weeks ago had declining revenues from 2019 and even with the recent drop they are still selling at 15x revenue.

 
stbugs said:
I hate to chuckle, but I never bought any and before was just joking about taking it off my list because of you. This post just reminded me of that. I was interested but I hesitate to jump into a tiny stock ($70M market cap). Their earnings a couple weeks ago had declining revenues from 2019 and even with the recent drop they are still selling at 15x revenue.
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Yeah, it sounds like a joke, but truth is don't buy any stock I dip my toes into. You all have been warned repeatedly! 

 
skycriesmary said:
Yeah, it sounds like a joke, but truth is don't buy any stock I dip my toes into. You all have been warned repeatedly! 
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On a serious note, have you had a bad 2020 and do you feel like you are jumping in on “friends” recommendations? If so, definitely think about ETFs and index funds. For instance, it only took me a minute in Yahoo to not feel great about investing due to the high multiple and shrinking revenue. Could get you into sectors without being tied to a single stock that can hurt. I do both since all my 401ks are index type funds and my non 401ks are all individual stocks. I’ve got probably 40 stocks so one stock hitting a rut will eat into performance, but not be an issue.

 
stbugs said:
On a serious note, have you had a bad 2020 and do you feel like you are jumping in on “friends” recommendations? If so, definitely think about ETFs and index funds. For instance, it only took me a minute in Yahoo to not feel great about investing due to the high multiple and shrinking revenue. Could get you into sectors without being tied to a single stock that can hurt. I do both since all my 401ks are index type funds and my non 401ks are all individual stocks. I’ve got probably 40 stocks so one stock hitting a rut will eat into performance, but not be an issue.
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:yes:

My ETFs aren't my biggest winners but man do I feel more comfortable hanging on to them long term than almost any individual stock.  I don't feel like I can just ignore the individual companies, even the big ones. But the ETFs I just set and don't sweat.

 
BassNBrew said:
OKE purchase from Friday hit it's sell limit up a little bit.  Still down 5% on the bulk of my holdings here.  I was up over 10% at one time.  You still loving this stock @Golf Guy 69 
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The last week wasn'tl kind to it.  I sold 2500 shares today go towards the mountain home @chet got me in Fancy Gap.  Liquidated a few other things but still have 2500 shares and think it is a long term hold for me.  

 
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kodycutter said:
Anyone looking at Oil? I've been watching XOM and OXY for a bit.   OXY seems to be just bleeding, Buffett got rid of all his common but still has his preferred.   XOM doesn't look to have cut its dividend, OXY has.      
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XOM is getting removed from the Dow along with Raytheon and Pfeizer. They’re adding Salesforce, Honeywell, and Amgen. Just saw it on CNBC in case that matters to you.

 
McBokonon said:
XOM is getting removed from the Dow along with Raytheon and Pfeizer. They’re adding Salesforce, Honeywell, and Amgen. Just saw it on CNBC in case that matters to you.
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I still have a chunk of XOM.  Is this like, terrible news for the share price or just kind of ho hum??

I did just see the after hours it's down about what it gained today

 
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McBokonon said:
XOM is getting removed from the Dow along with Raytheon and Pfeizer. They’re adding Salesforce, Honeywell, and Amgen. Just saw it on CNBC in case that matters to you.
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Wow, I'm really out of it as Raytheon and pfeizer being replaced surprises me.

 
ghostguy123 said:
I still have a chunk of XOM.  Is this like, terrible news for the share price or just kind of ho hum??

I did just see the after hours it's down about what it gained today
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Yeah, definitely a short term hit but it seems to be helping the new additions more than hurting the removals. But I also have no interest in XOM or most oil companies - I can’t see how they become more in fashion pretty much ever.

 
Where's Todem?  You had XOM as a buy when under 45.  

How does being removed from the DOW change your perspective on the company or your target buy price.....if at all?  TIA

 
ghostguy123 said:
Where's Todem?  You had XOM as a buy when under 45.  

How does being removed from the DOW change your perspective on the company or your target buy price.....if at all?  TIA
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Have you ever heard of anyone buying a dow mutual find?Have you ever heard of anyone buying a dow mutual find?

 
BassNBrew said:
@stbugs FMCI up 13% today.  Do we ride or sell?
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Not sure to be honest. I’m not sure why OPES hasn’t popped a little due to the recent rally of restaurant/CV’s gone type stocks. I actually like FMCI as a potential long term play ever since I got my wife some of their food at Costco and she loves it.

The ones that scare me are the EV ones. I think those could be like the current biotech stocks once CV dust settles. Too many winners right now. Not the way that shakes out in the end, especially with an 800 lb gorilla in Tesla.

 
stbugs said:
I actually like FMCI as a potential long term play ever since I got my wife some of their food at Costco and she loves it.
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I am in the same boat.  I bought some of their products from Costco after I owned the stock as a SPAC and they were all pretty darned good.  I was tempted to sell today on the run-up but I held.

 
McBokonon said:
Yeah, definitely a short term hit but it seems to be helping the new additions more than hurting the removals. But I also have no interest in XOM or most oil companies - I can’t see how they become more in fashion pretty much ever.
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If any of the oil companies can come back it would be the big ones.  The problem is there is such an oversupply, and who knows how long until we return to same demand.

 
Sold my swings for SHLL at $32 and RKT at $29 today on the way up thinking they were about to top out. 

Held ADMA, CGIX, SONN thinking they'd run more. 

Typical. 

 
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BassNBrew said:
Wish I hadn't sold all mine at $24.

eta: I still am not sure this forbearance stuff doesn't hurt their numbers.
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Im holding for a long time on this.  if it dips again, I think ill add 300, then hold.  right now im averaged in at $20.81.  I think at 24 again and im a buyer

How I understand it, they get the loans and sell them pretty quickly.  they did with mine

 
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BassNBrew said:
Wish I hadn't sold all mine at $24.

eta: I still am not sure this forbearance stuff doesn't hurt their numbers.
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I'm not sure I see the appeal in this one past a short trade.  The mortgage market high water mark may be now.  Perfect storm.  

 
Sand said:
I'm not sure I see the appeal in this one past a short trade.  The mortgage market high water mark may be now.  Perfect storm.  
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My thoughts are...

When everyone defaults, new mortgages will need to be done for new buyers.

Pretty rare to get in on the big dog in their industry at the very beginning.  

Refis?

 
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KGB said:
Im holding for a long time on this.  if it dips again, I think ill add 300, then hold.  right now im averaged in at $20.81.  I think at 24 again and im a buyer

How I understand it, they get the loans and sell them pretty quickly.  they did with mine
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I don't understand how they're in business.  Every loan I've ever done when I've shopped them they've had the worst rate and highest fees.  Literally last place in both categories on every loan I've ever shopped.

I guess they spend their money on marketing.  Like the Monster Cables of mortgages.

 
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KGB said:
My thoughts are...

When everyone defaults, new mortgages will need to be done for new buyers.

Pretty rare to get in on the big dog in their industry at the very beginning.  

Refis?
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If anyone defaults in the first three months, they don't get paid.

The gov't just added a 500 basis points to any re-fi.  That every comes out of their profit or gets passed along to the consumer meaning re-fis won't look as attractive.

Per @Chadstroma they are under investigation for regulation violations. 

I believe the guy piloting the mothership owns the Cleveland Cavaliers.

 
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