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Stock Thread (17 Viewers)
- Thread starter St. Louis Bob
- Start date
Bros up4.74%
It's time to trim at this point. If you read the GM supplied material, we are at 2024 predicted stock prices based on good execution. Unless this goes the meme route, upside has to be limited at some point. At least use the @Todemstrategy of taking 1/2 off the table and ride the rest.
Starting to reacquire the UUUU shares I sold recently. Trading around $7.50 this morning. @General Malaise any thoughts?
Sold 20% at $28.83.
Also trimmed 50% of my Microsoft. Hard to believe that was trading around $200 a year ago. May end up regretting this.
ChiefD
Footballguy
Yeah, I've been preaching saving, saving, saving to each of my three kids. I had nobody to really do this to me when I was young. Plus we didn't have much money when I was a kid, so every dollar that came in went out for basic necessities.
All three of my kids are really good savers. I set up investment accounts for each of them on Schwab, so they've picked stocks and I've tried to educate them as best I can.
My 14 year old son is really into it: he has all of his stock tickers on his phone and checks it during breaks at school. He's handed me $100 on cash from his lawnmowing money and told me to put it in his stock account.
So hopefully this will leave an impression on them to save their money and have it work for them. I've always told them my goal as a dad is that they are better than me.
identikit
Footballguy
identikit
Footballguy
This sums up me growing up as well...
I've been working hard to help my siblings save and invest for their future that's not so far away anymore.
Hope I do ok for them.
FreeBaGeL
Footballguy
Yeah, I've been preaching saving, saving, saving to each of my three kids. I had nobody to really do this to me when I was young. Plus we didn't have much money when I was a kid, so every dollar that came in went out for basic necessities.
All three of my kids are really good savers. I set up investment accounts for each of them on Schwab, so they've picked stocks and I've tried to educate them as best I can.
My 14 year old son is really into it: he has all of his stock tickers on his phone and checks it during breaks at school. He's handed me $100 on cash from his lawnmowing money and told me to put it in his stock account.
So hopefully this will leave an impression on them to save their money and have it work for them. I've always told them my goal as a dad is that they are better than me.
Good job, dad.
My brother works in finance so for my son's 7th birthday this year my bro bought him a share of Roblox stock. He printed out a made up share certificate and framed it and everything. My son has it hanging in his room and asks to see the chart for Roblox every day, and loves "owning" a piece of the company.
Cool idea if any of you have little nieces and nephews running around that are into the game or something similar.
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ChiefD
Footballguy
eaganwildcats
Footballguy
Nah, it was fairly clear they would need to raise. Terms don't offend me and they should now have some runway to hopefully reach break-even. Would just keep watching the betting turnover if they continue to release updates and make sure it continues accelerating.
The General
Footballguy
Right! I was scared looking this morning. Not bad at all for now :waitingforothershoetodrop:
Dr. Octopus
Footballguy
I'm up 40%+ since I bought two weeks ago. Unfortunately it was only 16 shares and I planned to buy more when it dipped.
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identikit
Footballguy
I know I should be pumping the brakes on BROS.
But the anecdotal insights I've read here and elsewhere say to me that there's a definite buzz/wave that the company, and its theme is riding.
That, coupled with the fact that they're in only 11 states (a few of them very sparsely) tells me that BROS has some more short to midterm upside. Maybe even huge-ish.
I'm a dumbhead in general about this investing stuff, but this is what my gut is telling me.
But the anecdotal insights I've read here and elsewhere say to me that there's a definite buzz/wave that the company, and its theme is riding.
That, coupled with the fact that they're in only 11 states (a few of them very sparsely) tells me that BROS has some more short to midterm upside. Maybe even huge-ish.
I'm a dumbhead in general about this investing stuff, but this is what my gut is telling me.
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urbanhack
Fight The Power!
My gut is telling me I"m an idiot. I was able to grab shares at $32 on the day it IPO'd. Sold quickly at $48 thinking I was a genius...now I feel dumb.
Did you read the info GM sent out? Basically all you mention above has been priced in.
identikit
Footballguy
identikit
Footballguy
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Bob Sacamano
Footballguy
Bob Sacamano
Footballguy
Desert_Power
Footballguy
I don't think so. Both companies are executing really well and don't compete in the same markets as much as they used to.
FreeBaGeL
Footballguy
I love the stock market as much as anyone, but I do think the recent AMZN earnings reaction is a good metaphor on how damaging it can be to our society.
One of the least chill things going on is the way these mega corporations just throw everything to the wayside in the push to expand already mega expanding profits. I've always thought to myself, why can't a company making 80 globbity jillion dollars every year just be happy with 80 globbity jillion dollars every year and not do lousy things to society to keep increasing that? Why does it constantly need to be more more more.
Now you look at these Amazon earnings. Last year this quarter they had insane outlier growth based on an insane outlier black swan event. You would expect revenue from there to pull back some since that was a huge outlier. But in fact they actually grew more on top of that this year, just not by as much as an insane outlier amount, and the stock declines.
I think an analogy for this would be if a football team was playing against SEC opponents and their first game they beat Auburn 10-3, then they beat Kentucky 17-3, then they beat Miss St 24-3. Then the next week they play South McNeese State and South McNeese State's only 3 rostered QBs are all out injured and the punter has to start at QB and all 11 starters on defense are suspended. And you crush them 70-0. Next week you play LSU and obviously you're not expecting to beat LSU by those same margins. But you actually beat LSU 73-0! Woah!
Then the pollsters look at that game and think "eh, they improved their margin of victory by 49 points last week, and this week they only improved their margin of victory by 3 points, we need to drop these guys 10 spots in the polls".
One of the Motley Fool articles on Amazon's earnings noted that Amazon noted one cause for slightly decreased margins was "a push to pay worker's a fairer, closer to living wage". Just stepping back for a moment the investment community is like "these guys want to pay their employees enough to afford rent AND food for their families, let's find a different company to invest in that won't do that".
I know that last part was mostly hyperbole, but man it is kind of messed up and sometimes I feel like I need to step back a bit and re-evaluate what I'm doing when making some of these decisions.
One of the least chill things going on is the way these mega corporations just throw everything to the wayside in the push to expand already mega expanding profits. I've always thought to myself, why can't a company making 80 globbity jillion dollars every year just be happy with 80 globbity jillion dollars every year and not do lousy things to society to keep increasing that? Why does it constantly need to be more more more.
Now you look at these Amazon earnings. Last year this quarter they had insane outlier growth based on an insane outlier black swan event. You would expect revenue from there to pull back some since that was a huge outlier. But in fact they actually grew more on top of that this year, just not by as much as an insane outlier amount, and the stock declines.
I think an analogy for this would be if a football team was playing against SEC opponents and their first game they beat Auburn 10-3, then they beat Kentucky 17-3, then they beat Miss St 24-3. Then the next week they play South McNeese State and South McNeese State's only 3 rostered QBs are all out injured and the punter has to start at QB and all 11 starters on defense are suspended. And you crush them 70-0. Next week you play LSU and obviously you're not expecting to beat LSU by those same margins. But you actually beat LSU 73-0! Woah!
Then the pollsters look at that game and think "eh, they improved their margin of victory by 49 points last week, and this week they only improved their margin of victory by 3 points, we need to drop these guys 10 spots in the polls".
One of the Motley Fool articles on Amazon's earnings noted that Amazon noted one cause for slightly decreased margins was "a push to pay worker's a fairer, closer to living wage". Just stepping back for a moment the investment community is like "these guys want to pay their employees enough to afford rent AND food for their families, let's find a different company to invest in that won't do that".
I know that last part was mostly hyperbole, but man it is kind of messed up and sometimes I feel like I need to step back a bit and re-evaluate what I'm doing when making some of these decisions.
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kevzilla
Footballguy
Greetings from the guy who bought TVIX at $40 and sold at $56 on the way to a thousand. We move on.
McBokonon
Footballguy
There are so many companies out there doing tremendous work that you can easily invest according to your values and still have a ton of options to make racks on top of racks. Want to be in e-commerce but don’t want to invest in a company that makes their workers pee in bottles? You have ETSY, SHOP, and a ton more.
dkp993
Footballguy
ConstruxBoy
Kate's Daddy
I got that joke.My QS gains are more than covering my AMZN losses. We're through the looking-glass here. I feel like Sam Darnold reading coverage
ConstruxBoy
Kate's Daddy
Also grabbed a small amount of TWLO.
The General
Footballguy
Anyone have a better battery related ETF than LIT or BATT?
This would be long term hold so don't need anything to fancy.
This would be long term hold so don't need anything to fancy.
JB Breakfast Club
Footballguy
JB Breakfast Club
Footballguy
The General
Footballguy
Nothing. It seems to be the main one that comes up on searches. Just shopping around.
General Malaise
Footballguy
I'm just holding my position. Not trading around it, though it has been a good one to scalp some profits. The NEI (Nuclear Energy Institute) conference in Savannah is next week and my boss will be there. I'll post updates when he's back. Spot price holding in there at $46, so until that starts to head higher, I'd just hang tight and not do anything.
Desert_Power
Footballguy
General Malaise
Footballguy
Bob Sacamano
Footballguy
General Malaise
Footballguy
That's the vibe they've created from the onset. It really seems like a fun place to work and as I mentioned once before, it was a popular spot for my colleagues about 10 years ago or so but the lines got tiresome and if you just drink drip coffee, theirs' isn't very good (IMO) and a large black coffee (they call it a Big Black
) is like a dollar more than the Venti at SBUX and I'll go to my grave saying SBUX dark roasts are terrific tasting. The young hawts that worked there would flirt with us and we even had a few of them come into the office for visits before one of our co-worker's wife caught wind of it and put an end to that.
Of course, we tipped them like any desperate middle-aged men stuck in miserable marriages would, so the flirting was well compensated. But I've still got a few of them on my social media friend's list and I don't mind creeping around their copious picture postings every now and then.
General Malaise
Footballguy
General Malaise
Footballguy
I mean, if you want the tax asset, sure. But if this little thing can just gain some footing, there is a possibility that this thing becomes a player in a very lucrative and growing space. One of their insiders continues to buy shares on a very regular basis. He's not super rich, but every other week there's a large block of stock being purchased by this fella and that's not always the case with penny stocks. Hell, it's rarely the case. So, I'm still holding and holding out hope. If it goes #### up, well, it wasn't like I was viewing this one as my retirement.
identikit
Footballguy
2Squirrels1Nut
Footballguy
In the same way it's why I'm so frustrated with mememe AMC
ETA it has slowly been moving toward $30 a share. I think if it can break that it will trigger a run for the exits.*
I also like TEN ML this weekend.
*Have 4 12/17 puts at 25. lol
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ericttspikes
Footballguy
I decided to sell my position at 71. Got in 3 weeks ago at 42, but rationally couldn't pass up making almost $4k in less than a month. I actually bought BROS thinking the listed market cap of under $3B on yahoo was legit, and dug a bit more and found out the market cap is actually close to $12B right now. I don't think it will matter in the short term and the share price will probably continue to rocket. Low float and I think many people think the cap is around the $4B. I was really looking for a long term hold in this space and thought $2.5B was the perfect size. Will look to re-enter if it does get back to 30 or 40. Great growth prospect, fanatic customer base, just seems a bit ahead of itself right now. Probably left a bunch on the table though.Bros up 4.74%
I had already taken my cost basis out of AMZN a while ago, so I really don't pay it much mind day to day, quarter to quarter as it's still a stock I want to be in. I do wonder however what will send it on it's next leg higher. Lots of people want it to split, which really doesn't do anything for the value of the stock, but that could give it some positive momentum.
Biggest problem imho with AMZN is not the company. It's how do you value it? Is it a retail company? Cloud? Tech?
Anecdotally though, and probably means nothing, but I go on walks on weekends in and around my neighborhood. Pretty much every weekend there are always AMZN trucks rolling. Last Sunday, I saw three different AMZN trucks in my neighborhood during the hour or so walk. I saw zero FedEx trucks and zero UPS trucks. Does this mean that AMZN is not nearly as efficient in their deliveries as those two companies? Maybe, but I tend to doubt it. I think that they are banking sales hand over fists, and doing all they can to control the final mile and be self-reliant. They have put tons of money into autonomous delivery, be it drones, etc... and they are definitely going to be first to roll this out on a large scale. If/when they figure this all out and are able to deliver not 2-day prime, not next day prime, but 1 hour prime, well no one else on Earth will be able to compete. Younger people don't like leaving their house for anything if they can help it. My millennial daughter makes more money at 25 than I did at 45, and uses door dash multiple times per week, and her and her bf get packages delivered 3-4x PER DAY, EVERY DAY. I think they may leave their cocoon to do shopping in person once every few months? And I really don't see her as the exception rather this is the norm.
So, basically what I'm saying is that I don't lose a moment of sleep when AMZN ####s the bed on earnings or JB wants to go into space, or whatever. This company is primed (see what I did there) to evolve as we evolve like no other company and will continue to thrive into the foreseeable future. I don't buy on the dips, because frankly I'm at the stage in my life where income will trump growth, but I'll hold AMZN for years and years.
