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Stock Thread (32 Viewers)

McBokonon said:
DKNG getting clobbered. I’m sure the free bets they gave out over the Super Bowl and the losses from these will save them next quarter.

The other day,  they randomly gave us AZ bettors, existing ones, a promotion to bet $25 on the Suns ML when they were a heavy favorite over the Rockets. They reduced the juice from -1500 to +100 - essentially a free bet unless there was a major upset. Suns didn’t have to cover, just win. They won, I withdrew my money again (like always) and will wait for the next time. They really should have something built in to filter out people like me. Anecdotal, yep. But it aligns with their reports.

Completely uninvestable business.
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One of my sons (non-bettor) opened an account with $10 and placed a $5 bet on the Rams that paid 56 to 1.  He's withdrawing his $280 plus $5.  I figured there would be some requirement to bet the original $10 multiple times....guess not.

There's probably a reason why Wells Fargo doesn't offer a promotion where if you open a new checking account you get 5 minutes to take whatever you can from the vault.

 
One month into the @David Dodds GME vs. BnB FLGT bet.  

Dodds +22.1%

Bass -3.2%

This is going quite well :lol:   Actually I'm spotting him a lead so he'll get over confident.

 
FYI...Tuesday of next week, PFG turns the lights on for their new venture into Trust and Custody solutions.  This is the second shoe of the major purchase made from WF almost two years ago...the 401K business is already integrated.

 
BassNBrew said:
One of my sons (non-bettor) opened an account with $10 and placed a $5 bet on the Rams that paid 56 to 1.  He's withdrawing his $280 plus $5.  I figured there would be some requirement to bet the original $10 multiple times....guess not.

There's probably a reason why Wells Fargo doesn't offer a promotion where if you open a new checking account you get 5 minutes to take whatever you can from the vault.
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Financial firms do a lot of rich promotions on accounts/credit cards though.

 
McBokonon said:
True, but those relationships are far stickier than with a sportsbook. You have your rewards churners but they’re the extreme minority.
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That's the theory at least. Used to analyze industry data on this for deposit accounts and it was really tough argue the financials made sense. That firm was crushing growth without it, but it is a gamble worth taking if you really need to grow share. I think the metrics are better in the credit card or brokerage account spaces.

I still do a lot of rewards churning, just got excited that a new Chase card showed up to spend on :lol:

 
Roku below pre-covid highs.  I love Roku devises.  Every TV I have, even the smart ones, have a Roku hooked up to it because I prefer it that much.  But still not sure how I feel about the stock even at 100.  

 
Desert_Power said:
I still do a lot of rewards churning, just got excited that a new Chase card showed up to spend on :lol:
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Us, too. One day, when COVID is over, done, dusted, we’re going to be able to take some awesome trips just from all the hotel/air/AMEX points we’ve racked up from bonuses over the past two years.

 
beef said:
Roku below pre-covid highs.  I love Roku devises.  Every TV I have, even the smart ones, have a Roku hooked up to it because I prefer it that much.  But still not sure how I feel about the stock even at 100.  
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I got scared off ROKU when I was given a free Google TV dongle and liked it a lot better than my ROKU. But yeah, being down here it looks interesting. So does ZM. So does everything. :lol:

 
To be fair, I haven't tried Google or Apple TV devices so I could just as easily prefer one of them too.  Simple remote and a lot of app options is all I ask for.  Nothing unique that can't be done by someone else or already available so that's why I really question Roku and will it even be around in 5-10 years?  Google & Apple sure will.  

 
beef said:
Since a lot of women turned to Lulu and other spandex style pants during covid, I gotta admit that going out shopping and just sitting on a bench and perv staring is enjoyable.  Hearing my wife rant about how nothing fits continues to suck though.    
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Shorting SHOP here because beef makes a good point about spandex pants perv staring 

 
McBokonon said:
I got scared off ROKU when I was given a free Google TV dongle and liked it a lot better than my ROKU. But yeah, being down here it looks interesting. So does ZM. So does everything. :lol:
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I like Roku a lot better than any other streaming management shell. I only buy TVs that have Roku now. I use FUBO for main content/cable replacement with Prime and Netflix. I cycle through Hulu, HBO Max, DiSC, AMC when they run specials. 
Roku makes managing all those easy. once you logon and connect to your wifi you're. All your Roku TVs share your info/account.
Their problem is  do not pay them for their services, they only got what the TV make paid them to install their chips on their tv. But I and millions others love them and the interface, so they have a very loyal, captive audience. They just need to monetize us. At the very least sell out to Amazon or Google to merge with their own stuff and grab all those customers/

 
McBokonon said:
DKNG getting clobbered. I’m sure the free bets they gave out over the Super Bowl and the losses from these will save them next quarter.

The other day,  they randomly gave us AZ bettors, existing ones, a promotion to bet $25 on the Suns ML when they were a heavy favorite over the Rockets. They reduced the juice from -1500 to +100 - essentially a free bet unless there was a major upset. Suns didn’t have to cover, just win. They won, I withdrew my money again (like always) and will wait for the next time. They really should have something built in to filter out people like me. Anecdotal, yep. But it aligns with their reports.

Completely uninvestable business.
Click to expand...


General Malaise said:
I have no comments on DKNG at this time.
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Yesterday Cathy Wood was called out to her face on CNBC for continuing to buy this. It was uncomfortable. 

 
NajehHejan said:
Shorting SHOP here because beef makes a good point about spandex pants perv staring 
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This would be a great Progressive commercial on becoming your parents.  I busted my dad perv staring all the time as a kid, and now I do it and totally understand why.  

 
⚡DEADHEAD⚡ said:
My lord RBLX. Attractive but it was attractive last week too. @Todem is a believer, so I'm thinking of getting a few hundred shares. Hmmm. 
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Watching RBLX and FB, but I don’t think we found the bottom of either of them. I have some cash so just wait until Russia decides what they are going to do.

 
Desert_Power said:
That's the theory at least. Used to analyze industry data on this for deposit accounts and it was really tough argue the financials made sense. That firm was crushing growth without it, but it is a gamble worth taking if you really need to grow share. I think the metrics are better in the credit card or brokerage account spaces.

I still do a lot of rewards churning, just got excited that a new Chase card showed up to spend on :lol:
Click to expand...
 Which card is this?

 
S&P 500 now 10% off all time high sitting at 4334.  I am adding to some stocks today but saving some cash to add if we hit 4100 which is 15% off 52 week high.  I think that is my downside floor right now.  I think S&P finishes the year between 5100-5300 FYI, which 17-22% higher than we are today.

 
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Ridgeback said:
 Which card is this?
Click to expand...
It's the Chase Sapphire Reserve again. I had cashed out all my remaining Ultimate Rewards when they offered expanded redemption at 1.5x at some point during the pandemic. Now that 4 years have passed since my last Sapphire welcome bonus, I opened a new one at 70k. Wife did similar with the Sapphire Preferred, but was able to get their 100k bonus on that.

 
Desert_Power said:
It's the Chase Sapphire Reserve again. I had cashed out all my remaining Ultimate Rewards when they offered expanded redemption at 1.5x at some point during the pandemic. Now that 4 years have passed since my last Sapphire welcome bonus, I opened a new one at 70k. Wife did similar with the Sapphire Preferred, but was able to get their 100k bonus on that.
Click to expand...
 Nice, I did my last sapphire bonus about 2 years ago so unfortunately I'm not eligible again for a while. I am looking for a new card however.

 
Ridgeback said:
 Nice, I did my last sapphire bonus about 2 years ago so unfortunately I'm not eligible again for a while. I am looking for a new card however.
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I did the Capital One Venture X in December. Hit the minimum spend quicker than expected so needed a new one. Good bonus at 100k points.

 
Added some more DE today at this level. GREAT company. Growing dividend (not a heavy dividend but growing it 20% annually), growing revenues,  just a really solid American company trading at 17 times forward earnings. 

 
From the cover of a falling stock market, we might be witnessing the start of the great rise of Gamestop's stock today.

I offer these bullet points:

  • Their NFT marketplace is close to launch. Creators owe final artwork on Monday suggesting this launches next week.
  • Ryan Cohen's standstill is over. He can add more shares.
  • There is a gamma train in play for today. If the price hits about $135 - watch out.
  • Federal Holiday on Monday would give shorts less time to cover on Call Options
 
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⚡DEADHEAD⚡ said:
My lord RBLX. Attractive but it was attractive last week too. @Todem is a believer, so I'm thinking of getting a few hundred shares. Hmmm. 
Click to expand...


My son got a share of RBLX stock for his 7th birthday last year.  Price was $85.  It ran up into the 130's not long after and he told me he wanted to sell it.  He said it'd gone up too fast.  I was trying to teach him about patience and long term holding rather than timing the market, so I told him he couldn't sell it.

That lesson is not going super well so far, lol.

 
I was down 10% on FLGT this morning and considering buying more, but it looks like others think the earnings will be fine too. I don't know. 

 
stinkzmagee said:
@Todem I’m curious since you’ve been at this for a while.  Is this sell off unique due to the fed pumping so much money or other reasons?  Were we so overbought in certain sectors that we were bound to see such sell offs while the overall market is down a significantly less amount?  Or is this something that happens frequently?  This just feels really weird to me.
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Back in November we had what Alan Greenspan termed back in 2000 as irrational exuberance. Tons of stocks with valuations in the stratosphere.....also the crypto bubble filling up with more air, inflation, monetary policy no doubt having to change.

This is nothing new @stinkzmagee

The S&P is now down about 10% from the all-time high. It does have some more to go (maybe another 4-5%) and other sectors may join in a little more real soon. Like consumer discretionary, utilities which are getting crowded and staples are very overcrowded now. So I want to see some sell offs in so called safe stocks (telecom, utilities and staples) to know we are really forming our bottom.

Also I will say it again.....there is some great long term value in Mega Tech. Some don’t believe in FB and that’s ok......but you won’t see these valuations for a very long time on that company once their pivot starts showing the results I expect.....long term. You strip out their cash and they are trading right now at a single digit multiple. I remember when Apple was trading like this back in 2013 and 2015.....they were left for dead “no more innovation, they are just a phone company” they were trading at 7 times forward earnings back then. This is that moment for FB......I am not being emotional about them. Do I like them personally in terms of ethics and social reasons? No. But they are going to make billons upon billions of dollars in the next decade from the metaverse. Like ridiculous amounts of money beyond what anyone is even thinking right now....all you hear now is all the negative bears thumping their chests.....I am seeing the forrest thru the trees on this one.....and hey I might be wrong. So be it. It is only one stock in a large portfolio and investing is about risk taking. 

Today Deer (DE) hit that attractive long term valuation trigger for me again. They just had a great quarter and even better guidance and the stock is down 10 bucks plus a share......thank you market....I will buy some here. 

I am pretty much buckled in on my tech portion of the portfolio and taking some lumps as I DCA down in several names that I love long term. 

Mega Tech like GOOGL look pretty cheap here too......especially GOOGL. 

Still sitting on 15% cash......hoping to see the final leg down in the next 3-4 weeks.....and we may whipsaw right back up....then right back down again in the summer months.....and year end we have a coiled spring rally. 

Sticking to that thesis. 

 
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