Todem
Footballguy
Good ol fashioned fed talk.
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Stock Thread (25 Viewers)
- Thread starter St. Louis Bob
- Start date
fruity pebbles
Footballguy
Looked and we were about even, came back and we fell through the floor
Phil Elliott
Footballguy
Tupperware warning it may go out of business?
May be jockeying with creditors to restructure debt but it just warned it may not be able to continue under the current debt.
Don't forget to burp.
May be jockeying with creditors to restructure debt but it just warned it may not be able to continue under the current debt.
Don't forget to burp.
fruity pebbles
Footballguy
Good day to buy
beef
Footballguy
All because they don't want to throw in a fancy model ship with the 24 piece set.
fruity pebbles
Footballguy
Nasdaq almost back to its lows of a couple weeks ago
ghostguy123
Footballguy
Amazon below precovid prices seems weird to me. Then again I don't know jack
fruity pebbles
Footballguy
He doesn’t want the market to rally. That counteracts what he’s trying to do yet it continues to try and do it’s own thing. Like he’s playing whack a mole.
SFBayDuck
Footballguy
Never heard of it.
Todem
Footballguy
My wife used to be a sales consultant and loved it. We have so much amazing tupperware and they also had chef quality cookware and cuttery…top of the line stuff we got 70% below retail because of her status.
They could be a private equity target.
Just horrendous management. But amazing products.
Todem
Footballguy
The Fed would lose all credibility if they make that statement. He will say it when it truly is going to happen.
JB Breakfast Club
Footballguy
FTNT has held up relatively well YTD but is getting wrecked AH for soft revenue report.
fruity pebbles
Footballguy
ROKU, ARKKs third largest holding at nearly 7%. Oh Cathie……..
Man, I should have sold all of mine. Sold half at get this, $470, and kept the other half. Ride it out now, but man I should have been a smarter seller. Did the same with Zoom, MDB, Fastly and others. Got a good chunk sold at nice amounts but decided to keep 20-50%. Just rip the bandaid off next time. Definitely didn’t build enough cash and damn AMZN hurts.
I am shocked to see Amazon at just below summer 2018 highs. Not quite META, down 50%+ from 2018 highs. Google still up from 2018 summer highs around 40%. Amazon’s revenue is $500B and it’s 2018 revenue was $230B. Google and Facebook about double as well. Apple is more than triple 2018 highs, but is only up about 50% in revenue from 2018. Apple has held up really well.
FreeBaGeL
Footballguy
With most of the other things that have held up well that just meant on their first bad earnings report or first sign of bad news they went allllll the way down to make up the entire difference. We'll see with Apple though, there is definitely a certain mystique around that brand. Not just the stock but the products. People are loyal as heck to it.
Like when he said this inflation was “transitory” in 2021?
I’m not saying he should lie but he could definitely choose his words better. Nothing wrong with saying we’ll continue to review the data and make moves if we deem necessary instead of “OMG, you guys, rates are going up up up kaboom style!!!!!!! #yolo!!!!”
FreeBaGeL
Footballguy
I think he truly believed that when he said it in 2021. And really nothing that's happened so far necessarily means that was wrong (inflation is still likely due to temporary supply chain issues and energy issues). It's just that those things are going to take a lot longer to work themselves out than originally believed.
But the bigger difference between now and then is that, right now, the whole point is to slow things down. So it doesn't make sense to say something that's going to speed the economy back up when their goal is to slow it down. The fed needs the economy to suffer more from here, so they don't really have a reason to say something that is going to ease the suffering.
Sand
Footballguy
Saw this afternoon that today was the worst 90 minutes after a fed announcement ever.
Powell certainly is making up for his awful mistakes perviously by pounding the rest of us now.
beef
Footballguy
^ from Sept 21.
And he did it again (although I didn't miss what he said). So, 4 straight fed rate hike meetings where markets dropped 3-5% afterwards? Seems like we've been doing this since June.
beef
Footballguy
Yep, bump you again next month.
I still more than tripled my money on Roku but damn, only sold half at $470. Crazy it’s this far down. When we get back out of the recession, Roku will very likely pop again but I’d be feeling much better if my average was $470 instead of now $260. Good but not awesome!
Bogart
Footballguy
DWAC postponed their stockholder meeting again, for the sixth time, to Nov. 22. Guessing they are still really short of the 65% vote needed to extend the deadline for their merger with TMTG for a year. I imagine this will live between $16-18/share until some type of decision is made.
beef
Footballguy
Even if they extend the deadline, don't they still have to merge within 24 months of going public (September 2021)? Or is that the deadline being voted on? Hard to keep track of these SPAC rules, or lack there of....
Bogart
Footballguy
I think you are right that it's 24 months. Sept 2023 was the target with the first vote a couple of months ago. They were trying to complete the merger in 12 months, which everyone said was very aggressive. There are three month extensions that they can buy for $3million each and I think they have one left after this current one ends in December. Every extension adds a dime to the $10 liquidation price if they can't complete the merger.
Sand
Footballguy
The rally starts now! Wait... now! No wait... ok now!
I just keep looking at the markets dumping hard and this made me laugh. (BTW, just joshing here - I really hope you're right. What a brutal year.) I have been static for quite a while here, so just riding this thing out and plowing money in.
Todem
Footballguy
Brutal is right!! Worst since 2008. But it will have legs going into year end.The rally starts now! Wait... now! No wait... ok now!
I just keep looking at the markets dumping hard and this made me laugh. (BTW, just joshing here - I really hope you're right. What a brutal year.) I have been static for quite a while here, so just riding this thing out and plowing money in.
Again it will be the opportunity to reassess your portfolio, tax harvest, rebalance and reallocate if appropriate.
2023 is gonna be another long year unfortunately. But 2024 and beyond I am very bullish…..as always.
That’s why maxing out the 401K is a no brainer. It’s just a DCA machine.
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It's a very large move for sure, but I'd argue that the 3000%+ gain it had in it's first ~3 1/2 years of trading was crazier.I still more than tripled my money on Roku but damn, only sold half at $470. Crazy it’s this far down. When we get back out of the recession, Roku will very likely pop again but I’d be feeling much better if my average was $470 instead of now $260. Good but not awesome!
Sand
Footballguy
Yep - my 401k + catch up, HSA, my wife's 457. Piling in.
Dr. Octopus
Footballguy
Oh boy TWLO
beef
Footballguy
Dr. Octopus
Footballguy
I'm down 83% from when I originally thougth I was "buying low".
Maybe. Their revenue is up 5-600% since IPO and now the price is up only 100%. It definitely went up too high in anticipation of future growth (why I sold), but based on the Yahoo historical data it was only up 2000%. It’s down more now than it was up before.It's a very large move for sure, but I'd argue that the 3000%+ gain it had in it's first ~3 1/2 years of trading was crazier.I still more than tripled my money on Roku but damn, only sold half at $470. Crazy it’s this far down. When we get back out of the recession, Roku will very likely pop again but I’d be feeling much better if my average was $470 instead of now $260. Good but not awesome!
JB Breakfast Club
Footballguy
Jobs report hit a sweet spot that made the market happy today.
fantasy stud
Footballguy
Is that happened ? Just figured after 4 bad days, we were due for a little turnaround
Nick Vermeil
Footballguy
Draftkings down 25%. Think I'll add a few.
GoBirds
Footballguy
More so that Apple is too high or the others need to rebound?
Todem
Footballguy
Clearly the others will rebound strongly over the long term. I am also trimming some Apple year end.
I'll echo the comments I made earlier about FB/Meta- you can't just say "revenue is up x since then so the price increase is justified". For starters, revenue is only one of several measures, but most importantly, a lot of that growth was already priced in. No one is paying super high valuations for their past or current numbers, it's in anticipation of the growth to come in the future.Maybe. Their revenue is up 5-600% since IPO and now the price is up only 100%. It definitely went up too high in anticipation of future growth (why I sold), but based on the Yahoo historical data it was only up 2000%. It’s down more now than it was up before.It's a very large move for sure, but I'd argue that the 3000%+ gain it had in it's first ~3 1/2 years of trading was crazier.I still more than tripled my money on Roku but damn, only sold half at $470. Crazy it’s this far down. When we get back out of the recession, Roku will very likely pop again but I’d be feeling much better if my average was $470 instead of now $260. Good but not awesome!
As far as Roku specifically, I don't think you're looking at the correct numbers. It IPO'd at $14 with a valuation of $1.3B. Just using stock price puts it at well over a triple right now after getting crushed, and at it's peak it was a 30-something bagger. That doesn't tell the whole story though because they've issued new shares so looking at market cap it went from $1.3B to a peak of over $60B to the current ~$6.63B.
Yes, the moves have been insane, but clearly it isn't down more now than it was up before. It's still up pretty significantly since the IPO a little over 5 years ago.
Pigskin Fanatic
Footballguy
UWMC made me positive for the day 
who woulda thunk it. still well below my basis, but i did dca down a bit a few weeks ago and the dividend is still good for next quarter so in it for the long haul on this one.
RKT at its height was in the high 20s, so hoping in a year or two this one takes off to those levels.
who woulda thunk it. still well below my basis, but i did dca down a bit a few weeks ago and the dividend is still good for next quarter so in it for the long haul on this one. RKT at its height was in the high 20s, so hoping in a year or two this one takes off to those levels.
