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Stock Thread (29 Viewers)
- Thread starter St. Louis Bob
- Start date
CowboyFan4822
Footballguy
I deliver for instacart and doordash if that’s close enough I’ve been buying heavily. (On picks in here thoughcosjobs said:
)
Charlie Harper
Footballguy
ChiefD
Footballguy
Capella
Footballguy
Charlie Harper
Footballguy
Why UVXY is a bad trade?
@cosjobs just wondering your thoughts on this? I know you've been putting money into UVXY and this author is short on it.
@cosjobs just wondering your thoughts on this? I know you've been putting money into UVXY and this author is short on it.
cosjobs
Footballguy
Interesting article and I cannot refute what he is saying. I do not ever buy it as a long term hold, which seems to be his main point of his argument. It is unquestionably a losing trade over the long term. I buy it when I anticipate high volatility of a near term period, such as now. Also, volatility can break out swiftly and substantially. The inverse cannot be said nearly so often. Widespread peace breaks out much less often with less fanfare than when war breaks out. I am looking a one or a series of event that will cause large adverse market fluctuations.
If on Tuesday/Wednesday the new stimulus is passed, earning are off the charts positive, and there are no hiccoughs in the transfer of power, I will likely take a hit, but I would be stunned if more than 10%. However if there is not an orderly, peaceful transition of power, earnings tank, and/or the stimulus is defeated, we could see a 30-40% upside in the UVXY price.
So I am basically gambling (and paying juice) to make a bet where I might lose 10% but could earn 20-30% (or much more if properly timed). At this time in our country and in the markets, that seems like a good bet.
Yes it is a gamble and it is risky. But it is probably substantially less risky than most penny stocks, where a 50-100% drop is always on the table and significantly more likely that comparable gains.
Investment in UVXY should be considered a gamble that you can afford to take without repercussions to your long-term investment strategy.
hooter311
Footballguy
https://www.thestreet.com/etffocus/market-intelligence/osprey-bitcoin-trust-gbtc
Competition has arrived for the market with gbtc. Throws one more major buyer into the mix...
Competition has arrived for the market with gbtc. Throws one more major buyer into the mix...
Ridgeback
Footballguy
If you were holding GBTC, what would your strategy be in the short term? Stop loss? Or just figure this is for long term, set it and forget it? I would think that between this and all of the options expiring at the end of the month, there will be some short term downside risk of sub 30's?
hooter311
Footballguy
Im probably going to move 70% of my gbtc holdings over. Lower fees are the attraction of something new are good enough for me. Will probably try to time putting 10% back into gbtc over the next 5 months or so, mostly for entertainment.
I think 32k will hold for the floor short term. I dont think the options expiry will be that big of deal as they are pretty mixed with both extremes a long ways from cashing.
JoeSteeler
Footballguy
Made pasta sauce and stuffed shells for the first time today...turned out really good.
sauce was very easy and won’t be buying jarred sauce any longer.
also took my dog for a 2 mile walk
got a lot done,
sounds like basically the same thing but a lower expense ratio, or do I have that wrong?
is there info available on how both GBTC and OBTC are valued/what % of a bitcoin they represent? I thought I read OBTC would be around 25% of GBTC but not sure how accurate that is.
Last edited by a moderator:
Don Hutson
Footballguy
CBBT hit $.1396. It is currently $.1285.
Managing a stock portfolio holding Amazon is kind of like coaching the Warriors with Curry and Thompson hurt.
ChiefD
Footballguy
So, my 13 year old son has become interested in stocks and investing. He's in a business class at school and the topic this quarter has been about investing and retirement and saving and such.
This kid has always been about saving money, and his teacher has been talking about starting as early as possible. So last night he and I set up an investment account for him at Schwab (a custodial account).
So we are talking about how he needs to fund it and wants to know what he should start with. So I tell him: "Let's start with $100 and we will pick a few and see what happens and you can always add more."
He goes upstairs to his room, comes back in about a minute, and plunks $100 on the desk.
This kid has always been about saving money, and his teacher has been talking about starting as early as possible. So last night he and I set up an investment account for him at Schwab (a custodial account).
So we are talking about how he needs to fund it and wants to know what he should start with. So I tell him: "Let's start with $100 and we will pick a few and see what happens and you can always add more."
He goes upstairs to his room, comes back in about a minute, and plunks $100 on the desk.
Just hit that sell button man, you know you want to do it. I’m waiting for the Q4 numbers.
I’ve got my 13 and 16 year olds savings accounts moved over to Fidelity, haven’t figured out what to buy. Thinking smaller companies, because they are in the can buy Google but not Amazon range. That just doesn’t seem fun to follow or give them high ceilings.So, my 13 year old son has become interested in stocks and investing. He's in a business class at school and the topic this quarter has been about investing and retirement and saving and such.
This kid has always been about saving money, and his teacher has been talking about starting as early as possible. So last night he and I set up an investment account for him at Schwab (a custodial account).
So we are talking about how he needs to fund it and wants to know what he should start with. So I tell him: "Let's start with $100 and we will pick a few and see what happens and you can always add more."
He goes upstairs to his room, comes back in about a minute, and plunks $100 on the desk.
I am too. January 28th is the date we get kicked in the nads again. Mean est. is $12.68. They have to be north of $14 right otherwise it's headed to the $2xxx
ChiefD
Footballguy
For him, we will probably buy some penny stocks so he can get several different ones for some low prices. He can get his feet wet and if he makes some small profits here and there he can build up to buy more stuff.
My plan is to have him contribute money each month from his allowance.
The next plan is to get my 15 year old on board and eventually my 10 year old. Will probably set those up tonight anyway and force them to do it.
Neither of my parents ever helped me when I was younger to start thinking about this, so I want to try and do a better job there.
$100 in CBBT would be north of $1000. Just find him one of those and teach him that Amzn sucks donkey knobs.So, my 13 year old son has become interested in stocks and investing. He's in a business class at school and the topic this quarter has been about investing and retirement and saving and such.
This kid has always been about saving money, and his teacher has been talking about starting as early as possible. So last night he and I set up an investment account for him at Schwab (a custodial account).
So we are talking about how he needs to fund it and wants to know what he should start with. So I tell him: "Let's start with $100 and we will pick a few and see what happens and you can always add more."
He goes upstairs to his room, comes back in about a minute, and plunks $100 on the desk.
Penny stocks are a losing game longer term. I'd get him in some quality and teach him what investing is about.
Nigel
Footballguy
McBokonon
Footballguy
Are you sure about this? With fractional shares, you can still start out small but with real companies where he can actually follow them along and have better chances of not just going to zero.
Did my first trim for some cash. Sold half my ROKU at @$436. Basically netted a 156% gain on my original investment even if it goes to $0 with 40 shares free rolling. Was planning to trim SEDG first but it got whacked on Friday before I had a chance. It’s bounced down like that before so hopefully in the next week or so it gets back into the $330-370 range to trim at least half.
ChiefD
Footballguy
Don Hutson
Footballguy
Yep. Penny stocks are for degenerate gamblers. It isn't what investing is about. Quality investing is about predicting the future. Invest in the things that will be in that future. Ask the kids what they think will be big in 5 or 10 years. Some investments like video game stocks, green stocks like solar, maybe something cool and in the news like Tesla. Obviously, it would be nice for the stocks to rise in price but the lessons they learn will be more valuable than the profits.
That’s way higher than I’ve seen. That was Q3’s results and Yahoo still has $7.17 for Q4 estimate. Checked a bunch more and all around $7.
That might be a whisper number based on last quarter’s ridiculous blowout but $7s is the actual estimate:
https://money.cnn.com/quote/forecast/forecast.html?symb=amzn
Heck, the highest I saw was a dollar less than yours.
Love my parents but the same here. I don’t want to even imagine my life right now if I had had some stock guidance. The winners over the past few decades are right up my alley so I would probably have done really, really well.
I agree. To my maybe detriment, I’ve been ignoring a lot of the small stocks mentioned in here lately. Probably because I know a lot of them are full of hot air and way too frothy, but more so because last year got me way ahead of my goal so now I’m much more deliberate to get to the final retirement goal early. I’d have to invest way too much in something way too risky in order to see large enough gains.
I’m planning to invest in more small caps due to the larger potential but still good growing companies and not really penny type stocks.
Capella
Footballguy
McBokonon
Footballguy
Glad I trimmed $FVRR when I did. Might just end up buying them back but will likely wait for earnings.
$BNGO just keeps ripping. Looks like a positive study from the MD Anderson Cancer Center is driving things today.
$NNOX ripping because I think people are misunderstanding their addition to an ARK-related Israeli Index Fund thinking it's the same as being added to their ETF - could lead to that but it's not what happened.
Also, there's an ARK Israeli ETF -$IZRL - some good winners come from there, including FVRR, NNOX, WIX, SSYS, and NICE: https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_ISRAEL_INNOVATIVE_TECHNOLOGY_ETF_IZRL_HOLDINGS.pdf
$BNGO just keeps ripping. Looks like a positive study from the MD Anderson Cancer Center is driving things today.
$NNOX ripping because I think people are misunderstanding their addition to an ARK-related Israeli Index Fund thinking it's the same as being added to their ETF - could lead to that but it's not what happened.
Also, there's an ARK Israeli ETF -$IZRL - some good winners come from there, including FVRR, NNOX, WIX, SSYS, and NICE: https://ark-funds.com/wp-content/fundsiteliterature/holdings/ARK_ISRAEL_INNOVATIVE_TECHNOLOGY_ETF_IZRL_HOLDINGS.pdf
That’s why it’s a decent buy right now. The market is a gambling floor and Amazon isn’t interesting. I feel like it’s a not really risky bet to be around $4000 at the end of this year. Like a boring 20-30% return.
ChiefD
Footballguy
Oh sure, that's the plan. We talked a lot last night about risk and balancing your portfolio.
So we will probably take $30 and buy a penny stock or two, then use the remaining $70 on some other lower risk stuff. The fractional share idea is a good one, but with only $70 to spend not sure he can get much. I'll investigate that.
McBokonon
Footballguy
You are also more likely to have to pay a commission on penny stocks vs. fractional shares. OTC's often cost 6.95 which based on these amounts would eat a huge percentage. Depends on broker, of course.
Desert_Power
Footballguy
Pretty silly that two analysts just gave FVRR a buy and a higher price target less than a week ago 
This is a really short term gambling market right now. I have no plans to trim FVRR for a while. UBS was the same firm that tripled their TSLA target while maintaining a sell rating and they’ve likely upped the target since then as well. Most of these analysts appear to keep moving their price targets based on how stocks are doing anyway.Pretty silly that two analysts just gave FVRR a buy and a higher price target less than a week ago
ConstruxBoy
Kate's Daddy
I believe $7.17 was the estimated from the beginning of last year. I'm seeing $12.28 mean with a low of $9.03 and a high of $17.13. They were $12.17 last quarter and i don't think 4Q is generally higher than 3Q.
Desert_Power
Footballguy
Where are you seeing those numbers? $17 is crazy. One of the reasons they didn’t pop after Q3 (blew away numbers) was that they gave a conservative earnings estimate.
@BassNBrew I think you are looking at December 2021 not December 2020 earnings estimates:
https://www.nasdaq.com/market-activity/stocks/amzn/earnings
It shows December 2021 as $12.23 average estimates. Last quarter is $7.
https://www.nasdaq.com/market-activity/stocks/amzn/earnings
It shows December 2021 as $12.23 average estimates. Last quarter is $7.
