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Stock Thread (17 Viewers)

stbugs said:
@McBokonon Lol, I was planning to use my APP (thanks for the great IPO Fidelity) to fund my plunge into GLBE. Early in the day 4% to 16%, sort of sad. Ending the day 12% to 4%, feeling like a blind squirrel. After the multitude of bad calls this year, nice to luck into a good situation. APP’s fundamentals and last two reports looked good just couldn’t gain traction until Cramer talked about them last night. Might have to find something else to sell.
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One other thing $GLBE mentioned on their call was they were aiming to do 1-2 acquisitions by end of year. They’ll almost certainly have to do an offering for that, I’d imagine. Unless the market loves whatever they do as much as they loved SQ buying Afterpay, that could be another dip opportunity.

 
2Squirrels1Nut said:
Everything is priced to perfection.  If you are a short term playa selling into earnings seems to be the right move 80+% of the time. 
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This.

Look at Target’s 5 year chart. Target, like Costco, Walmart, HD and Lowe’s was really never affected by the pandemic and actually got stronger. The Target stock price is triple what it was at the bottom in March 2020 and well more than double the start of 2020, which if you recall was after a big overall stock market move.

Suffice it to say that while Target’s revenue is up 25% from 2019, it’s stock is 225-300% up since the general period of late 2019 to early 2020.

There’s been a lot of discussion about value stocks and the need to rotate out of growth but I don’t think people realize that many of those value stocks have been running wild like the hot tech stocks.

 
Had a tiff with my employer and moved 100K to cash. Employer came back with a proposal to keep me on, so didn't need it.

Fidelity blocks out a mutual fund repurchase for 30 days, so have been swing trading with it until I can go back into FXAIX. 

I've made 5 trades, been green every time and need a harsh dose of reality so I don't donk it off on Didi.

Anyone have hard and fast swing trading rules? Mine are basically don't play around in pennies or memes and never hold overnight.
 

 
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ericttspikes said:
The Topps Q2 report was really, really good. 

https://seekingalpha.com/pr/18440544-topps-company-raises-2021-outlook-and-announces-second-quarter-2021-results
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Digital Sports & Entertainment net sales increased 122.4%
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I only have 100 shares of MUDS/Topps that I have tucked away for the long haul.  I think their digital trading apps will continue to be a huge % gainers.  I'm f'n nuts too and dropped some money on BUNT and StarWars.  

 
beef said:
I only have 100 shares of MUDS/Topps that I have tucked away for the long haul.  I think their digital trading apps will continue to be a huge % gainers.  I'm f'n nuts too and dropped some money on BUNT and StarWars.  
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I do too. I'm a believer in NFTs also. A no-brainer vertical market for a collectible company. Topps added Coinshare's Meltem Demirors to their board recently. A long runway for Topps digital going forward IMO.

 
I don't usually have a problem investing in something I'm not personally interested in if I can see that others are and will continue to be. I don't have kids, but I can see the value in $RBLX, for example (I own $U instead but that's just for example.)

I don't think I'll ever be able to do that with NFT's. I think they're a short term fad, but if I'm wrong (entirely possible) I'll always think they're too stupid to base investment decisions on and I'm not sure any evidence will sway me. 

ETA: I’m basically saying I know I can’t make rational decisions here

 
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McBokonon said:
I don't usually have a problem investing in something I'm not personally interested in if I can see that others are and will continue to be. I don't have kids, but I can see the value in $RBLX, for example (I own $U instead but that's just for example.)

I don't think I'll ever be able to do that with NFT's. I think they're a short term fad, but if I'm wrong (entirely possible) I'll always think they're too stupid to base investment decisions on and I'm not sure any evidence will sway me. 

ETA: I’m basically saying I know I can’t make rational decisions here
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I share your thoughts. NFTs to me seem like in app purchases or in game bonus gear. I can see where NFTs will be like those and that it would then allow people to trade that gear more easily, but it’s still about that app or game. Buying a virtual house for $500k or an NBA highlight without getting anything real life ownership rights makes little sense to me. Even “cards” seem off because not physically having cards doesn’t feel like collecting. They never get bent, there’s no grading difference and they can’t magically get more created (just call it premier or legend version, etc.). I guess it could be cool to have packs and open them but it’s harder to get a feel for exclusivity and scarcity without the physical object.

I know articles have talked about how people already wealthy so to speak from Ethereum propping up the market as advertising for their company or to create interest for “selfish” reasons. I think that’s why those NBA top shots flopped. Right now, there’s very little that’s not about how much money can I make. I think that’s going to lead to 99% of this stuff being worthless in the end.

 
McBokonon said:
Amazon continues to innovate by plans to open “physical” locations where people can buy stuff “in person.”

This venture into capital intensive, low margin enterprises is sure to be the thing that gets this stock moving.
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Meh, they’ve already got some retail locations (not counting Whole Foods) and even a few large stores is such a small amount. Shouldn’t move the stock at all unless it’s somehow wildly successful. This seems like a test. I’m more interested in the fact that half their huge revenues are now from non-retail sales, much higher margin stuff. They missed revenue numbers because they overestimated the growth in retail sales (still up 27%), but even with less revenue growth than expected they still beat earnings by 20-25%.

 
Said I'd start trimming NRGU at 120, but I've bought down twice since.  Maybe 105-110 range now.  If it drops more from here I'll add more.     

Doing the same with BNKU.  I sold some off last week at 61 and bought back half of that at 50.68.  Wait for 60 again.  

 
stbugs said:
Meh, they’ve already got some retail locations (not counting Whole Foods) and even a few large stores is such a small amount. Shouldn’t move the stock at all unless it’s somehow wildly successful.
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Just making sure you knew I was being sarcastic. I thought I laid it on pretty thick.

 
beef said:
Said I'd start trimming NRGU at 120, but I've bought down twice since.  Maybe 105-110 range now.  If it drops more from here I'll add more.     

Doing the same with BNKU.  I sold some off last week at 61 and bought back half of that at 50.68.  Wait for 60 again.  
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Adding NRGU as well. 

 
Man, it does suck watching a new stock and releasing its earnings were last night and it’s up 30%+ this morning. Oh and another one up 15%. I haven’t been trading much at all lately and I think I picked the one stock to add that didn’t jump after earnings, which seemed solid, but what do I know.

At least I’m green so far.

 
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stbugs said:
Man, it does suck watching a new stock and releasing its earnings were last night and it’s up 30%+ this morning.

At least I’m green so far.
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You talking about $DLO?

[deadhorse]this is why I always nibble when I'm interested but still gaining conviction[/deadhorse]

 
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beef said:
Said I'd start trimming NRGU at 120, but I've bought down twice since.  Maybe 105-110 range now.  If it drops more from here I'll add more.     

Doing the same with BNKU.  I sold some off last week at 61 and bought back half of that at 50.68.  Wait for 60 again.  
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Why the implosion here? I'm not coming up with any news.  

 
Nick Vermeil said:
Why the implosion here? I'm not coming up with any news.  
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Nothing that concerns me.  I can understand some sell-offs in June/July as people take profits but this goes well beyond that.  Oil always seems to act like a drama queen with the volatility (why I like playing NRGU), but this all does seem like a huge overreaction so I'll keep buying down - added more in the 87's.  Just the other day MRO had some bullish options activity on Jan 22 calls.  I see a big rebound happening, just not sure when or how long I'll have to wait, but I will. 

 
I assume those Amazon stores will be as much about fulfillment as on-site sales. If you need warehousing in those areas for timely delivery anyway, I could see that type of approach making sense (i.e. some element of the Target model)

 
McBokonon said:
You talking about $DLO?

[deadhorse]this is why I always nibble when I'm interested but still gaining conviction[/deadhorse]
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Yes, but I hadn’t even had a chance to look into it to see if I was interested. Hard to remember every earnings date. It was also from looking at another stock where it showed up as an other people look at it. My interest wasn’t there but it was a recent add to the watch list so that huge green was a flashing neon sign this morning. Not a big deal, just funny because it popped so much.

 
JB Breakfast Club said:
TGT crushes earnings, raises forecast, and announces $15B stock buy back...down 3% in pre-market. 
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TGT is one of the stocks that made me a long term investor. I first bought it doing the bathroom bs and sold once I had made 100%. Bad move. I could a a cost basis in the $60s.😢

 
Anyone here get a notice about Osprey Technology Corporate Action? Some of the details:

- Shareholders of Osprey Technology Acquisition Corp. (the Company) have an option to redeem their shares for cash at an approximate per-share price of $10.05.

- The offer is being made in connection with a Business Combination Proposal and other proposals (the Proposals) as proposed by the Company during a special meeting to be held on September 8, 2021.

 
Any $AMC, $GME or $BB apes here? 

I'm in all 3 and buying the dips today...$AMC is by far my biggest investment of the 3, being in since under $10 since May, but continue to average up as we go. Tomorrow we are going to see some excitement in this, FTD's and T+2 margin calls.

 
Chaz McNulty said:
HGEN sinking everyday they do not receive news on an EUA.  If this takes another month, I could see it in the $12 range.
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Yea it sucks but I don’t really see anything to make me change my belief in it getting granted. The CEO or whatever said a week ago that the FDA hasn’t asked for anything else. I tend to think if it was getting denied we would know already but :shrug:  

 
beef said:
Only a matter of time before Disney leaves them and takes Star Wars with them.  Those are pretty popular apps for Topps too.  
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In hindsight, this was obvious. All the people thinking Topps and NFTs is great, but that digital front means a company like Topps isn’t needed at all. They have nothing special in that world. Pure card stock and they’ve got something special but even then the lure of the leagues or companies keeping a bigger cut is there. That article mentions a new jointly owned venture, i.e. you’ve got the license but we also get a cut of what used to be Topps profit.

 
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