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Stock Thread (32 Viewers)
- Thread starter St. Louis Bob
- Start date
Todem
Footballguy
Ridiculous.
Look.....this shows you exactly the sentiment in the market right now.....this is where opportunities happen. On irrational moves like this. FB prints money....the multiple before today’s earnings was sitting around 20.
Do the math.
I am extremely confident long term in this stock and will add a little more tomorrow on this selloff.
An this is why we are not done yet. There will be another retest so be ready for it.
stinkzmagee
Footballguy
ghostguy123
Footballguy
So SHOP down 10%, then now another 5% after hours.
FB down over 20%.
I dont know much, but I have noticed that when some of these big names go down a lot right away, they seem to go down further, maybe another 10% or more, before rebounding.
No idea if this happen more often than not, just something I have noticed. Probably cause I buy a little when they go down a lot only to see they went down a lot more afterwards, ha
FB down over 20%.
I dont know much, but I have noticed that when some of these big names go down a lot right away, they seem to go down further, maybe another 10% or more, before rebounding.
No idea if this happen more often than not, just something I have noticed. Probably cause I buy a little when they go down a lot only to see they went down a lot more afterwards, ha
Todem
Footballguy
ghostguy123
Footballguy
You were somewhat high on SHOP around 1000. How bout right now around 840? Meaning, are you buying or recommend buying?
stinkzmagee
Footballguy
Todem
Footballguy
Falling knife....I am in that stock enough and again I don’t advocate loading up in one sector.
If it get’s ridiculous I will nibble a little more.
But right now we are setting up clearly for another retest.
This stock (FB) is selling off on guidance for the 1st quarter and a miss on Q4 earnings......I am not investing for the 1st quarter....this is what i am talking about....block out the noise about guidance. It is one quarter guidance......the stock tomorrow when it opens it will be trading in the high teens PE. That represents compelling value for a company that is growing like FB and also shifting to the Metaverse in the long term.
Just so much value being poo pooed by an overreaction to 1st quarter guidance and one quarters earnings miss......Long term...gotta think long term.
Stock is on sale.
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Todem
Footballguy
2Squirrels1Nut
Footballguy
AMZN getting dragged down with tech. I think I'm going to nibble on a call contract tomorrow before earnings.
McBokonon
Footballguy
Nick Vermeil
Footballguy
General Malaise
Footballguy
I opened a Roth IRA for my wife and put $5K in (woulda been 6K if she ever did that thing I like) and spread it around in APPL, AMD, VRTX and ATHA.
Was hoping it might spark a new layer of conversation between us but she just yawned so.....
Was hoping it might spark a new layer of conversation between us but she just yawned so.....
identikit
Footballguy
Orange&Blue
Footballguy
stinkzmagee
Footballguy
Gotta be honest this market is really stressing me out. Deployed around 1/3 of my remaining capital in companies like FB, GOOGL, V, T, LYB, INTC, APPS, and UWMC over the last week or so and with todays and the after hours price action I feel like that may have been a mistake.
McBokonon
Footballguy
Is she 50 or over? If so, there’s nothing women love more than to be reminded they’re old enough for catch-up contributions.
stinkzmagee
Footballguy
SQ down 30% in the last 36 hours. Wow
Desert_Power
Footballguy
The General
Footballguy
stinkzmagee
Footballguy
It’s amazing how quick sentiment can change.
I didn’t even start buying this thing until it was down ~50% from highs and I’m down significantly since then.
steelerfan1
Footballguy
ghostguy123
Footballguy
I sold all my play account monday (little too soon but oh well).
Bought just a couple shares of SHOP around 890 and a little of FB around 130. Nothing big obviously, but hopefully I can deploy some more soon and catch a run up.
With SHOP down to 824 right now, seems like it didnt take too long for this one to retest the low. Their earnings are feb 16th. Anything to do with FB earnings?
Bought just a couple shares of SHOP around 890 and a little of FB around 130. Nothing big obviously, but hopefully I can deploy some more soon and catch a run up.
With SHOP down to 824 right now, seems like it didnt take too long for this one to retest the low. Their earnings are feb 16th. Anything to do with FB earnings?
2Squirrels1Nut
Footballguy
I just saw on Fast Money that somebody is betting $628k that AMZN drops 10%+ by 2/11/22.
Capella
Footballguy
I just saw on Fast Money that somebody is betting $628k that AMZN drops 10%+ by 2/11/22.
2Squirrels1Nut
Footballguy
Orange&Blue
Footballguy
Might look into buying back into SE.
Todem
Footballguy
Everything today has to do with a quarterly miss and a kitchen sink guidance for 1st quarter.ghostguy123 said:
We call this short term noise.
2018 FB dropped 18% on the same kind of miss.
Is there more competition? Yeah but what is the average age of a Meta user compared to tick tock?
Look people can do whatever they want. I am going to let this breath today as the Monday morning QB analysts revise their BS price targets that mean nothing to me long term.
All the bears love to make their 2 second headlines.
If you believe in the company long term you block all this noise out and sleep.
I have very little concerns about this company and their strategy longterm. Do I love their business practices? Do I love Google’s
Not really. But I am in them to make money not be righteous. As cold as that may sound they are not killing people and using slave labor…..they are gatherers of information.
This is the world we live in. If you don’t like FB don’t use it personally….I don’t smoke cigarettes or drink but I absolutely own stocks in this business.
People can do whatever they want and that’s why capitalism is the greatest.
I choose to profit and do my own good with my profits.
I love these moments when stocks who are money printers have a miss (oh my FB is done…RIP….growth is over) and we can add a little more on a fire sale.
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beef
Footballguy
Not one I've really followed until recently or have much interest in because of how growth stocks continue to get brought back down to earth. From a big macro view, how much different is a listening entertainment company like SPOT all that different from SIRI 10-12 years ago?
Dr. Octopus
Footballguy
That's the thing, the way we listen to music seems to change every 5-10-15 years or so. Obviously streaming isn't going away all too soon - but it wouldn't shock me if 5 years from now we're onto the next thing.
ConstruxBoy
Kate's Daddy
2Squirrels1Nut
Footballguy
I would agree except AMZN has been pummeled already where FB had not been. That's why I was thinking that AMZN just beats estimates, or God willing that other thing, it could soar.
Nugget
Footballguy
My daughter and her friends are Apple music. As Apple continues to grow services and payments, I feel like it is a safer play than a stand alone music/podcast service. As someone with little experience, how integrated are they in to daily interactions?
I bought it a while back and sold it because it didn’t move much at all. That was a good bit higher than today’s price so glad I got rid of it. We use Apple Music except my oldest who likes Spotify better and has giant playlists. If I could transfer playlists he’d probably use Apple since it would be free.
David Dodds
Administrator
Hedge Funds are notorious for using 5-20x leverage for max gains. Before a bottom is reached in this market, I suspect a few of these have to be liquidated first. And my guess is a good number just failed this 10am ET liquidity check.
I don’t get why Amazon is getting hit for FB. They popped a little with Google since Amazon has a lot of advertising but they don’t have issues with Apple’s rules or TikTok so FB seems like it has way less to do with Amazon than Google and Microsoft but FB is moving it more than the other two. Maybe it’s just worries about missing tonight.
General Malaise
Footballguy
2Squirrels1Nut
Footballguy
I agree and thought the same about AAPL. A earnings miss is already baked in at this point.
ETA
The problem is I can't find any cheap options like I could with AAPL. A $3100 call expiring Friday is over $2500. Too rich for my blood. Not to mention I already have considerable exposure to AMZN.
ETA 2
I put a bid on a $3100 call expiring 2/11 for $15. LoL 99.99999% it won't fill but maybe I get "lucky".
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Capella
Footballguy
I’m overstating it a bit but it seems like Amz misses almost every report now. If I was a short-term trader I would be looking to unload it today too I think.
2Squirrels1Nut
Footballguy
At this level it's already -35% off it's 52 week high and almost at the 52 week low. I guess we'll see soon enough.
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2Squirrels1Nut
Footballguy
These moves in mega cap stocks are historic and a bit crazy. It's not usual for a 500Billion+ company to have swings of 20% (or more) in one day.
Read today that FB wiped out $230 billion dollars in one day, most ever.
Also read today that NASDAQ 100 has had 13 years of consecutive gains, something that has never happened for the S&P or DJIA, ever.
Anyway, good luck if you're all buying in to FB looking for a bounce. Not for me, but really hasn't been (I bought at IPO, doubled and sold out. Sure, I left tons on the table, but I'm not very smart, admittedly). I think GOOG is going to eat their lunch in years to come. Also really think the hierarchy at FB is loathed by the US Government and they will look to do something to the company sometime in the future, but that's a different angle entirely.
It is crazy to me that AMZN is down 7% BEFORE earnings. I bought a few shares more to add to my position. Usually this one goes lower after reporting a good quarte. imho, the quarter will be decent, not blowout, but the guidance going forward will be very optimistic. Either way, I'm holding this one for years and it's not a top 10 position for me but I like the way things are looking for them in the next 5 years.
Read today that FB wiped out $230 billion dollars in one day, most ever.
Also read today that NASDAQ 100 has had 13 years of consecutive gains, something that has never happened for the S&P or DJIA, ever.
Anyway, good luck if you're all buying in to FB looking for a bounce. Not for me, but really hasn't been (I bought at IPO, doubled and sold out. Sure, I left tons on the table, but I'm not very smart, admittedly). I think GOOG is going to eat their lunch in years to come. Also really think the hierarchy at FB is loathed by the US Government and they will look to do something to the company sometime in the future, but that's a different angle entirely.
It is crazy to me that AMZN is down 7% BEFORE earnings. I bought a few shares more to add to my position. Usually this one goes lower after reporting a good quarte. imho, the quarter will be decent, not blowout, but the guidance going forward will be very optimistic. Either way, I'm holding this one for years and it's not a top 10 position for me but I like the way things are looking for them in the next 5 years.
2Squirrels1Nut
Footballguy
