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Stock Thread (15 Viewers)
- Thread starter St. Louis Bob
- Start date
2Squirrels1Nut
Footballguy
Seconded. I was worried already and now the market has no appetite for speculative tech.
I hope it works out for you DD!
SMH for not selling all of mine at $470. I sold half, glad I did, but it was IRA so no tax implications. I’ll feel better in a few years but damn this hurts even though I did free up cash in November.
ghostguy123
Footballguy
Is there anything NOT at a 52 week low? Yeesh
It’s not a good bet. I can point to MDB being down 50% from the high but their earnings just last week or so were phenomenal and it popped 20%. It’s down since then but the business is good. GME’s valuation was already way rich and the business isn’t close to where it needs to be for its valuation. Best Buy’s price to sales is 0.5, Target and Walmart are less than 1 and Amazon is 3 and it’s got very high margin pieces. GME is now a little over 1 and that’s because it still has Q4 2020 which was a huge console introduction. It’s revenue is also down 40% since 2018, all of the rest have seen very nice revenue gains.
Damn, looking at AMC. It’s market cap was up around $30B. It’s $6B now and so much ownership is retail folks. That’s a #### ton of losses that most retail folks have now. Probably very, very few bag holders bought at $10 before the surge but even those folks had a 7 bagger and are only up 30% now. Probably be lower in 5 years as well.
Junk punch
. I sold some stocks on the perfect day but for some reason kept a little of each. Boy do I regret honor just selling and moving on. These are kind of funny when I think of them based on today’s prices but I sold Zoom at $570, Fastly at $135, Appian at $90 and $200, Roku at $450 and MDB over $500. Honestly, I think only MDB is going to stick with me for a long time.Hopefully, we are getting around to some sort of bottom and will laugh heartily in 10 years about our returns from here!
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millertyme1
Footballguy
Whens the next big date for Gamestop?
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2Squirrels1Nut
Footballguy
Desert_Power
Footballguy
Had one of my accounts where the only green stock was MRNA (and FLGT almost flat). I guess covid is back?
kevzilla
Footballguy
identikit
Footballguy
KGB
Footballguy
If you could drop any knowledge in the crypto thread about LRC, that would be great.
I hope you are not just putting all your money into 1 thing in different ways (re LRC)
2Squirrels1Nut
Footballguy
If anyone is interested in locking in gasoline prices you can always buy UGA to lock in. Oil is now below $100 per barrel so you may want to wait until gasoline prices follow but it's a good way to hedge if you use a lot of petro.
I wonder if gas prices will jump down as quick as they jumped up.
Just kidding, I know they won’t and we’ll get more stories about how with inflation we really aren’t paying much at all!
fruity pebbles
Footballguy
Good chart on how brutal this drawdown has been for most who are invested.
https://twitter.com/LizAnnSonders/status/1503712844596002820/photo/1
https://twitter.com/LizAnnSonders/status/1503712844596002820/photo/1
FreeBaGeL
Footballguy
The Commish
Footballguy
fruity pebbles
Footballguy
think that’s the thing that pisses people off the most. Another good graph. You can see gas price following oil right up. Oil drops sharply…….the gas curve just stalls.Good one!
https://twitter.com/LizAnnSonders/status/1503746579395665933/photo/1
The Commish
Footballguy
I've watched this for decades. The only thing more puzzling is why less processed diesel fuel is more expensive than regular fuel. Some will claim demand, but that isn't the case...it isn't near enough difference in demand to drive that sort of price gap. Diesel is easier and cheaper to create.
Desert_Power
Footballguy
It isn't like gas stations are going out and buying at the spot price either. Not that I care about gas prices at all
Desert_Power
Footballguy
I'm getting tired of throwing cash at the dips here, but this is a good showing of why this drawdown has been too big to ignore.
Capella
Footballguy
David Dodds
Administrator
2Squirrels1Nut
Footballguy
This used to really get to me. Then I did the math, I don't drive much, and even a $1 bump per gallon costs me a couple of hundred dollars annually. Sure I would rather have that money but the rise in nat gas has been far more brutal.
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2Squirrels1Nut
Footballguy
2Squirrels1Nut
Footballguy
Any thoughts on ME? It seems incredibly cheap for the valuable, intimate, information they possess.
I just bought 100 more at $3.29 for a total of 200 at $3.88.
I just bought 100 more at $3.29 for a total of 200 at $3.88.
ChiefD
Footballguy
I had to do this for my in-laws once about 5 years ago. They were going to cancel an RV trip out west because the price of diesel went up like .30 a gallon. I did the math for them and said: "so you are going to cancel the trip you have been planning for decades for $100? Really?"
They went.
Desert_Power
Footballguy
In the midst of a few housing projects and trying to figure out just how low I want my cash to go.
fruity pebbles
Footballguy
7 year yield went above the 10 year today. Not considered a full yield inversion but definitely worth watching.
kevzilla
Footballguy
We've been selling this rumor for months. At this point, it should be time to buy the news.
I felt a strong urge to sell BLDP and QS and STMH today to conserve capital. If that's not a bottom, it's close.
fruity pebbles
Footballguy
think what they say in the interview portion will be more important than the actual rate hike
NajehHejan
Footballguy
Can’t let this day go by without even a single post about how well stonks did today. Man we must be a beaten down crew to go a whole day without one woohoo. woohoo. Tomorrow will surely suck, lots of red coming for sure.
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Capella
Footballguy
Yea every time we’ve had a day like today it’s been an immediate beat down right after. Expecting that the rest of the week.
Dr. Octopus
Footballguy
See above. Pro company move after awhile of punishing companies. I had two Chinese stocks that I bailed on in November. Both up like 30-40% the past two days and yet still down 60-70% from November.
JB Breakfast Club
Footballguy
I keep watching ME as well. It feels like a former SPAC that should be doing well, but the market hates it. I don't know what would be a catalyst for it to turn back to double digits, but I think it will get there someday. I want to nibble...2Squirrels1Nut said:
Desert_Power
Footballguy
That is where the futures curve has been for a few months now.
ETA: This post is a bit off, see followups below. Having a 5 week old it certainly feels like early Feb was a few months ago
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fruity pebbles
Footballguy
there’s no way they get up to 7 without throwing us into a recession……..if we’re not headed that way already.
Desert_Power
Footballguy
Looking back, it is more like a month. They've basically been moving pretty consistently from 2 in early Nov to 6/7 recently. Around year end, a lot of fixed income shops were predicting more than 3, but I think 7 was an outlier.
I agree and so does the inverted yield curve.
