STNE and HQY. Both got killed on their earnings and both had been way up on my original buys only to come way down. They weren’t my favorites. It’s sometimes hard to sell when they were up a nice amount earlier this year but it happens. I was thinking about selling HQY the past few weeks, was not expecting it to get roasted today but that was a clear signal to finally say goodbye. It really is true that the winners in your portfolio hide the dogs, just might as well reinvest in the ones I like better. Also, I wasn’t on FishNZima’s order of magnitude of holdings but it is nice to trim what you own.
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Stock Thread (21 Viewers)
- Thread starter St. Louis Bob
- Start date
ChiefD
Footballguy
beef
Footballguy
Glad I got out of that somewhere in the $10-11 range. Reminds me of all of the SPACs I jumped into that I was looking at last night while looking at my IPHI/MRVL transactions. I was interested in the overall return including the acquisition and I don’t think anyone cares but it was 180% lol. I forgot that I bought IPHI twice, once 3 weeks before the merger was announced and once 3 days before because it went down from my first buy. I somehow lucked into 180% in 13 months because I DCA’d down 3 days before the merger was announced. Blind squirrel.
Anyway, funny story in my head but back to SPACs, man it’s amazing how many of them trade less than the $10 now. The one that still shocks me is that I sold that dog RIDE for $28.50. So glad to be out of SPACs because we were all in a ton of them. I think most of us did well and dumped when they jumped up. Holding them long term doesn’t appear to be a good strategy even though some of them are still above NAV. Most are way lower.
McBokonon
Footballguy
Speaking of blind squirrel, I used yesterday’s surge to sell my small position of $CFLT (sold a few recent positions I had just started to raise cash and consolidate to my existing high conviction holdings and buy MELI/SHOP) and they announced a convertible offering today, down 5.5%.
ETA: I’ll get back into $CFLT but I want to make sure FED-Pacalypse is more or less over first.
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Wait, please tell me you didn’t sell before you got the dividend!I was so anxious I was a day early. Dammit, no $100 for me. Christmas is cancelled.
Appreciate the laugh. A client has been a big **** this morning and I was definitely not having fun so thanks. Any other stock bloopers you have will be appreciated.My IPHI/MRVL story definitely made me feel better. Sometimes you pay too much attention to losers and think about what you should have done different instead of looking overall because you can’t hit everything. Sometimes you buy a stock you are interested in, get acquired a couple weeks after and don’t feel like the new company will give you as good a return only to hold off selling and realize you almost tripled your money in a year.
I’m thinking I should have bought more on Friday but I still have an uneasy feeling like we aren’t out of the woods yet. Definitely still trimming though because MELI at 1050ish where I bought is somewhere I’d rather be even if it dips than in STNE or HQY. Maybe the right the ships but it’s better to bet on winners that dip.
McBokonon
Footballguy
Yeah, my post might have been convoluted. I only bought MELI the same day you did, haven’t bought anything today. I meant CFLT was part of my overall trimming.
HQY is not good right now. I just started covering them for my MF work and the leadership team doesn’t seem to have any kind of grasp on things.
beef
Footballguy
Oh yeah, I really did it. Sold it all. 1000 @ $7.00, 20 seconds after open. No Benjamin for this guy!Wait, please tell me you didn’t sell before you got the dividend!
Just annoyed at myself for not getting rid of HQY and STNE before they got slaughtered. I didn’t lose much on HQY but I was up 60% a few months ago and was up 100% on STNE. Unfortunately, I just had too many so you don’t notice the gradual slide. I definitely should have been thinking trim quicker for winners that you don’t get or were just darts thrown and not long term buys. Lesson learned.
I did just buy some more AXON to DCA down (down a few %, got in later) since it looks like MELI where 5 years from now it sure seems like a good price.
Oh yeah, I really did it. Sold it all. 1000 @ $7.00, 20 seconds after open. No Benjamin for this guy!
Love it!
ChiefD
Footballguy
Oh man. I'm sorry.Oh yeah, I really did it. Sold it all. 1000 @ $7.00, 20 seconds after open. No Benjamin for this guy!
Lucky for me I'm a moron in that I usually don't set limits and pre-buys or any of that stuff. Today my stupidity pays off!
Trading on the toilet again I see. I told you before it’s a dangerous proposition. One slip of the hand and the turd buys 2000 shares of AMZN or maybe that’s the other guy.
SFBayDuck
Footballguy
Wait, please tell me you didn’t sell before you got the dividend!
Logged in yesterday to see the commodities fund I'm invested in, PDBC, was down 30% in one day from $20 to $15! Total panic, what the hell happened? Started googling - they distributed $5 per share yesterday. Of course that money takes a couple of days to show up in the account, so I still show down huge but it'll bounce right back up once it settles. But a good lesson to learn a little more about my investments, even little ones I'm playing around in just to learn more about a space.
The Man With No Name
Footballguy
beef
Footballguy
Dr. Octopus
Footballguy
The good thing is if it doesn't happen this time - Reddit will just pick another date a few weeks away.
beef
Footballguy
beef
Footballguy
GME is just reporting earnings AF. Estimate is (0.518). I think the deal is that anything better than that could trigger another short squeeze, or short covering since another round is coming due??? Options activity has been pretty slow so maybe it won't add up to anything. I threw a grand (6 share high rollin!) on it just in case there is some fun.
FreeBaGeL
Footballguy
I think people are also anticipating some kind of announcement alongside earnings to do with crypto/NFTs/loopring.
General Malaise
Footballguy
It’ll be interesting to hear since they aren’t really experts and if that’s their focus are they basically saying the e-commerce stuff is rear seat? It’ll also be interesting what they bring to the equation. Is it all the crypto experts stuff and they just brand it GameStop to get the retail investors to jump in and if so, are they making any real money off of it or just the partner. Also, outside of frogs pooping and eating ice cream, they’ve still not said boo about any real strategy going forward on the past couple earnings calls. I mean it’s been almost a year now and nothing really has changed.
identikit
Footballguy
GreenNGold
Footballguy
Gamestop tanking, I find it insane that people believe in this company at this valuation. I agree they were over-shorted and over-sold, however, they are never going to be able to justify their current valuation. Long-term, value wins out over speculation, short-term anything can happen.
The shorts squeeze already happened and has been long over, don't listen to Dodds.
My best guess is this stock is just going to slowly deflate over the coming months/years. If you have a significant amount of money tied up here it is best to get out while you can, if you are just gambling with a few shares then go nuts and do whatever you want.
The shorts squeeze already happened and has been long over, don't listen to Dodds.
My best guess is this stock is just going to slowly deflate over the coming months/years. If you have a significant amount of money tied up here it is best to get out while you can, if you are just gambling with a few shares then go nuts and do whatever you want.
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Capella
Footballguy
McBokonon
Footballguy
Here's the 10-Q
NFT is mentioned once as something they are exploring (among other things) and that exploration will explain present and future cash burn. Nothing about Loopring. Stunning development.
beef
Footballguy
Capella
Footballguy
Man, that crypto crash is going to be memorable. No idea when and who the winners will be but the losers will be bountiful. Think SPACs on steroids.But, but, but....reddit said!
I'm pretty much at the point that I'm thinking if you want to gamble, just do it in crypto. Trades 24/7 and 10x jumps (and dumps) illicit yawns.
McBokonon
Footballguy
See potty mouth above. I said there will be winners but there’s so much fluff. I mean do you really think these NFTs will retain their value or that cumrocket will keep its $25B market cap? I’m not saying BTC or ETH will go away completely, although some other crypto (might not even exist now) could take them down, just that there’s so many coins right now with new ones coming around every day.
ConstruxBoy
Kate's Daddy
ConstruxBoy
Kate's Daddy
They have pills for that you know.Capella said:
Nick Vermeil
Footballguy
Dwayne Hoover
Footballguy
Pretty sure these same people were in Dealey Plaza a month ago waiting for JFK Jr to parade down the streetMcBokonon said:
