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Stock Thread (19 Viewers)

stbugs said:
 Not sure I'd call my day destroyed but beat the market by over 2%. After the past 4 weeks, definitely trouncing the market. I’m beating the S&P by 20% since 9/11. I’m 90% up YTD in my 3 biggest accounts (non 401k), so 80% better than the S&P. I sold most of my FSLY today and definitely thinking about locking in some other gains as well. Might be worth a reallocation. This year has changed my current goals from really aggressive to I’d be more than happy to just get a 10-15% yearly return and double my portfolio by 2026. I’m not going to turn down another life changing year but this year has definitely changed my goals. 
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How old are you?

 
Nigel said:
How old are you?
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Old! Without getting to specific, about your age +- a few years. I’m pretty sure your oldest is a sophomore at college like mine. Not “close” to retirement but very much thinking and planning for it. This year got me out of the hole of man do I need more than I have. Not compared to the average American, but trying to make sure I’ve got enough to be very comfortable in retirement and lord willing leave a good chunk for my boys. 

 
SFBayDuck said:
You SPAC guys, you know of any focused on EVs or renewables?  Came across QELLU, wondering if there are others.

I've been googling away and looking, if you have a good SPAC resource I could dig through, please share that as well.

ETA - I'm talking about earlier stage ones that haven't announced a merger yet, but have indicated in their prospectus a focus on EVs or renewable energy. 
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I've found this plus some of the posts at r/SPACs to be pretty helpful. Still, this is something that has grown quickly and there is a lot of information asymmetry here. That means you are going to have to do a lot yourself or trust in managers you believe in. That at least was my takeaway after looking into this space over the weekend.

 
McBokonon said:
HC Wainwright initiating coverage with a $31 price target won’t hurt.
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Not the best press release when Abbvie’s drug is in the same test and it gets top billing. It’s too bad they had to tie it to Remdesivir instead of being solo. Not surprising that HC Wainwright initiated coverage nicely since they co-managed their recent stock offering (Link).

Looks like a pop this morning but about where it was on Monday.

 
stbugs said:
Not the best press release when Abbvie’s drug is in the same test and it gets top billing. It’s too bad they had to tie it to Remdesivir instead of being solo. Not surprising that HC Wainwright initiated coverage nicely since they co-managed their recent stock offering (Link).

Looks like a pop this morning but about where it was on Monday.
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I see ROTH in there too. They have a $25 price target. That’s the extent of their analyst coverage that I can see.

 
McBokonon said:
I trimmed a little $SE to get it DOWN to only 15% of our portfolio.  :unsure:
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Took a little $FVRR off this morning. Only about 9% each but enough to add to others or start a new position. These are both still in my top 5 holdings by value. Not opposed to replacing on a pullback, not opposed to averaging up later. 

 
For those that followed some of my IPO fun, I’d like to bring up a fun stat:

SNOW - Didn’t sniff a share, no chance. Up 106% since IPO where they raised up the price.

LSF - My sloppy seconds, couldn’t get in on Snowflake so they threw me a bone. Up 132%.

Suck it Warren.

 
Dumped some NRGU shares today for a 20% gain.  Also sold the rest of my GOLD for a 4% profit.

 
JoeSteeler said:
Big thanks to whoever posted about NIO, up 322% since I bought in on 6/4!
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Early June was a great buy in point for almost anything “tech” related, including alternative energy/EV type stuff. My only solar stock (SEDG) is more than double since 6/4. Tesla has almost tripled and pulled the rest of those EV stocks with it. The only thing down is NKLA and that’s due to the CEO stepping down due to controversy.

 
CGRdrJoe said:
Bought back 1500 of hgen at 12.73, had another buy set at 12.70 :wall:  stupid greed should have just bought it all at 12.73
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I think if there is a CYDY sell off in the next couple of days (already starting), some of that money will get invested in HGEN.

I know some of mine did.

 
Capella said:
The days where people panic sell amazon are always the best days to buy more. 
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I'm hoping I can get through this week without a big pullback, but I feel like it's coming. Not just AMZN, but tech in general. AMZN is something I have no intention to sell. It's had a nice run this year, but they've got a much firmer floor than say ZM and I feel pretty good about their future. I'm glad I sold 300 of my 417 FSLY yesterday at $135 and I do think I'm looking for some others to trim a bit.

 
stbugs said:
I'm hoping I can get through this week without a big pullback, but I feel like it's coming. Not just AMZN, but tech in general. AMZN is something I have no intention to sell. It's had a nice run this year, but they've got a much firmer floor than say ZM and I feel pretty good about their future. I'm glad I sold 300 of my 417 FSLY yesterday at $135 and I do think I'm looking for some others to trim a bit.
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Keeping FSLY because it's in my taxable acct, and it's one I could see holding long-term (which is why I bought it there in the first place). Still fence riding on trimming some DOCU. Might wait for the ZM earnings bump. :D

 
beef said:
WFC next earnings report (or lack there of) is October 14, 2020, at 7 a.m. PT (10 a.m. ET)

I have no shares of it.  Debating if I want to take a chance now, or wait until after earnings.  All the other big banks have come back some from those March lows, yet WFC is still in that range.  
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Hopefully you waited. Banks getting crushed this week despite solid earnings.

 
Sideshow Bob said:
Keeping FSLY because it's in my taxable acct, and it's one I could see holding long-term (which is why I bought it there in the first place). Still fence riding on trimming some DOCU. Might wait for the ZM earnings bump. :D
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Yeah, I got ZM, OKTA, MDB and APPN all hitting 1 year on Friday in my taxable account. ZM is the one I’m thinking of trimming the most because it’s up a lot. I wouldn’t have sold FSLY if it wasn’t in my IRA with no tax implications. I don’t like the idea of selling anything but I also don’t want to be caught with my pants down and get hosed by Biden. His plans seem worrisome for capital gains.

 
beef said:
I waited and decided not to buy WFC and go long on it.  I think my TD money market account may earn a better rate over time.  
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Banks are very undervalued right now, but I think it will be a while before sentiment changes. If you're going to play in the sector I think your best bet would be to hold something with a higher dividend and write calls against it. Get paid to wait because eventually the Fed will let banks buy back stock again and the sector has a ton of capital/will earn back against the earlier provision build.

 
BassNBrew said:
ING has drifted down towards $7 again.  It's bounced between $7 and $8 the last serval months.  Takes a look at their last quarter results.  https://www.ing.com/Investor-relations/Financial-performance/Quarterly-results.htm

It looks like they are holding dividends in reserve until 2021.  PE is around $8.
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Their revenue and earnings are on a downward trend. 2018 revenue and earnings were less than 2017, 2019 was less than 2018 and 2020 looks to be on pace to be worse than 2019. Q2 earnings were actually negative. Holding dividends sure doesn’t give me a warm fuzzy either. If you are short term trading then that’s different. I, personally, wouldn’t invest in them. I’m more growth oriented than trying to guess value and hope for a turn around.

 
stbugs said:
Their revenue and earnings are on a downward trend. 2018 revenue and earnings were less than 2017, 2019 was less than 2018 and 2020 looks to be on pace to be worse than 2019. Q2 earnings were actually negative. Holding dividends sure doesn’t give me a warm fuzzy either. If you are short term trading then that’s different. I, personally, wouldn’t invest in them. I’m more growth oriented than trying to guess value and hope for a turn around.
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I believe that negative includes a loss provision reserve.  Actually I'm only seeing a negative on the wholesale banking side.  Income compared to last year was identical.  Holding dividends is a EJU regulatory thing.

I'm trying to find stocks with a high floor where the financials look good.  Fidelity has them high rated on that aspect.

 
Bought back 1/3 of the FSLY I sold the other day.  Easing in on it in case it goes lower.  Maybe another dip when CNBC picks up the story.

 
Added back a little NET as well.  I don't see why "USA banning FSLY's biggest customer is going to impact FSLY's revenues a bit" means NET should lose $500mil market cap.

 
FreeBaGeL said:
Added back a little NET as well.  I don't see why "USA banning FSLY's biggest customer is going to impact FSLY's revenues a bit" means NET should lose $500mil market cap.
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Because ETF's.

CRWD getting dinged, too, adding a few more there but I'm about maxed out on that name for awhile.

 
McBokonon said:
Because ETF's.

CRWD getting dinged, too, adding a few more there but I'm about maxed out on that name for awhile.
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Lots of tech getting dinged on the FSLY news.

In CRWD's case though CEO just made a big sale of some of his stock is why I think that one is dropping more.

 
FreeBaGeL said:
Lots of tech getting dinged on the FSLY news.

In CRWD's case though CEO just made a big sale of some of his stock is why I think that one is dropping more.
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I saw that and that's what actually made me add a few more. People overreact to insider selling, always acting like they're doing it because there's serious financial peril but there's a ton of other reasons someone might do it, like they have a ton more and the thing has tripled in six months.

 
McBokonon said:
I saw that and that's what actually made me add a few more. People overreact to insider selling, always acting like they're doing it because there's serious financial peril but there's a ton of other reasons someone might do it, like they have a ton more and the thing has tripled in six months.
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Exactly. They sell for estate planning, they sell because of a nasty divorce. They sell for lots of reasons, but they only buy because they think the stock is undervalued.

 
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