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Stock Thread (24 Viewers)
- Thread starter St. Louis Bob
- Start date
fruity pebbles
Footballguy
Weeeeeeeeeeeeeeee………….
dancingbones
Footballguy
Opened small positions in both ZS & CRWD today - and that is the last of the ROTH IRA $$ for this year. Now for some of this stuff to go UP!
dancingbones
Footballguy
I have a small position in LCID that has been cut in half so far - I am holding - and I am quite new at this game so take that for what it is worth.
I can see that I haven't thought out a good plan on when to exit a position. I had planned on selling if a position dropped 20%, but discovered that I didn't stick with that when it happened to many stocks. So it looks like my plan is to pray to the stock gods & hope for the best.
KGB
Footballguy
Apple postpones development of self-driving EV to 2026
Yahoo Finance tech editor Dan Howley explains why Apple is pushing back its self-driving EV until 2026, along with the company loosening its App Store pricing rules.
I didnt know APPLE admitted they were going to make a car.
JB Breakfast Club
Footballguy
Santa, why have you forsaken us?
ghostguy123
Footballguy
In my "play" account, otherwise known as my Roth, I have maybe 45 grand, almost all of it cash right now.
Am I dumb for just wanting to use it all to buy Amazon right now and then not look at it again for like 15 years?
Am I dumb for just wanting to use it all to buy Amazon right now and then not look at it again for like 15 years?
McBokonon
Footballguy
Looking forward to their earnings tonight where they say they were just kidding about crypto and NFT’s and now it’s all about AI Chatbots!
Snotbubbles
Footballguy
Ha, funny you should say this. I just bought my first Amazon today in my side account. Going to start slowly accumulating some blue chips.
McBokonon
Footballguy
Looks like they missed on top and bottom. Their inventory is basically unchanged from the last quarter. But it’s currently up a little AH, so that’s something, anyway. Did they skip answering questions during the call again?
I’m not wowed but they did smash my expectations by not pivoting to AI Chatbots.
The only reason it’s up is because it’s almost a cult stock. Any of my tech stocks that reported like that or heck just warned on future guidance due to the upcoming recession got absolutely crushed. This stock is up on missing everything and laying off most of their wallet developers? They haven’t hit on anything and those FTX gift cards aren’t flying off the shelf. AH can be wonky because it’s thin trading, but it should be getting **** canned.
They missed revenue by 12%. I’ve had stocks get kicked in the junk for missing by 1% or less. 12% is a major league revenue miss. The only reason they didn’t miss earnings by a ton is because they’ve had multiple rounds of layoffs including those folks who are supposed to be their next wave. It’s been over 2 years now and they are still exactly the same as when RC invested in them just with way less revenue than pre-pandemic.
Love that the CEO is now open to acquisitions. No chance I’d want GME to buy me knowing their shares are way overvalued, well unless they want to go the AMC way with a gold mine.
Love that the CEO is now open to acquisitions. No chance I’d want GME to buy me knowing their shares are way overvalued, well unless they want to go the AMC way with a gold mine.
fruity pebbles
Footballguy
It’ll settled where it’s supposed to eventually, sub $10. They’ll need to raise more cash at some point and dilute shares even further. They did say they’re not going to waste investor money on NFTs anymore. Flailing company with no vision.
millertyme1
Footballguy
The Chewy of gaming
massraider
Footballguy
This Privacy Ruling Against Facebook and Instagram Could Spell the End of Targeted Ads
EU privacy regulators declared that Meta can't force users to agree to data collection.
gizmodo.com
Throwing this out there, really haven't seen this story pushed.
The EU might have made the first move against targeted ads, which frankly is where most internet sites make their money. They sell regular old ads, but ads based on your scraped data is where the money is.
Might be worth keeping in mind for your Meta stock.
Craig_MiamiFL
Footballguy
Desert_Power
Footballguy
Cooled off a bit.
SFBayDuck
Footballguy
This Privacy Ruling Against Facebook and Instagram Could Spell the End of Targeted Ads
EU privacy regulators declared that Meta can't force users to agree to data collection.
Throwing this out there, really haven't seen this story pushed.
The EU might have made the first move against targeted ads, which frankly is where most internet sites make their money. They sell regular old ads, but ads based on your scraped data is where the money is.
Might be worth keeping in mind for your Meta stock.
I'm up 21% on META in just over 6 weeks, putting a trailing stop loss on this one for now to lock in a gain as at best I can see it just moving sideways for the next few quarters and at worst these increasing privacy changes could be a real headwind for them.
Sand
Footballguy
I'm more excited about the bond reaction. Getting some of my bond holdings back on track would be nice.
Todem
Footballguy
Between 2 and 2:30 tomorrow should be great to see. The market is simply reacting to any headline these days.
The street is expecting a .50 hike.
If we get a .25 hike......buckle up.
If Powell talks too hawkish he will ruin the day. He talks slightly dovish market takes off like a rocket ship.
Will be interesting to see how tomorrow plays out.
The street is expecting a .50 hike.
If we get a .25 hike......buckle up.
If Powell talks too hawkish he will ruin the day. He talks slightly dovish market takes off like a rocket ship.
Will be interesting to see how tomorrow plays out.
fruity pebbles
Footballguy
Bonds worst year on record. Love bonds right now.
dancingbones
Footballguy
Fed does what is expected & market drops - now to see if Powell takes out a club & bashes us a few times for good measure.
Ridgeback
Footballguy
What in particular? I'm looking at reallocating some of my IRA.
FreeBaGeL
Footballguy
I consider a -1% day to be a flat day in this new world we live in.
Todem
Footballguy
Basically he is saying “we don’t know” when we will stop hiking.
Market will love that.
425 basis points in a year. Unprecedented.
IMO we see .25 two times next year and we will see a long pause if not full stop on hikes.
2024 we start to see a move to a more accommodating Fed policy to spark growth again. The moment they give wind of that a new cyclical bull can begin.
Same thesis for 2023. More fixed income in my models. First time in 14 years I am tactically shifting more to fixed income. It will be a better risk adjusted return than equities next year. It is clearly in focus.
1st half of next year will be really bumpy for equites. But 2023 will be a better year overall than 2022.
Where as this year I was in 30% cash to start….for 2023 it will be allocated to fixed income instead where I expect high single digit returns in that space and I favor short duration for corporate and government debt and short and intermediate for munis.
Market will love that.
425 basis points in a year. Unprecedented.
IMO we see .25 two times next year and we will see a long pause if not full stop on hikes.
2024 we start to see a move to a more accommodating Fed policy to spark growth again. The moment they give wind of that a new cyclical bull can begin.
Same thesis for 2023. More fixed income in my models. First time in 14 years I am tactically shifting more to fixed income. It will be a better risk adjusted return than equities next year. It is clearly in focus.
1st half of next year will be really bumpy for equites. But 2023 will be a better year overall than 2022.
Where as this year I was in 30% cash to start….for 2023 it will be allocated to fixed income instead where I expect high single digit returns in that space and I favor short duration for corporate and government debt and short and intermediate for munis.
I agree with this sentiment. Question for you: What do you think of selling a call credit spread on the SPY? I'm thinking that the level of SPY in January will probably be higher or about the same as its value in April. Many are saying that SPY will be lower come April. Instead of buying puts which are prohibitively expensive, I'm thinking of selling a call roughly 5% out of the money and buying the higher strike calls at about 10% out of the money. I'd collect a decent premium since the options are rich with all this volatility.
Also, part of the thinking is that that investment loses money only if the SPY rises on the order of 7% or 8% by April which means all of my other investments would presumably rise similarly. So it serves as a hedge which pays a premium. Tell me why I shouldn't pull that trigger? I can provide specific values for the calls and premiums if you like.
fruity pebbles
Footballguy
I love the one year treasury at 4.75%. Nice safe hedge against market risk. Diversified bond funds are riskier since there is a potential downside but I like them too. 60/40 was a disaster this year but I think it’s going to be pretty sweet going forward.
General Malaise
Footballguy
Thought the takeaway was the rate goes back to 5.1% and fini? So a little more rate hiking and that's that?
Curious what happens to all the folks with credit card debt who are now paying like 23% - how sustainable is that for the folks maxed out and paying the minimum payment each month? The old short seller is coming out in me. Rising rents and rising minimum payments to Chase/Citi? Mercy. Charge-offs coming like Omar with a grudge.
Curious what happens to all the folks with credit card debt who are now paying like 23% - how sustainable is that for the folks maxed out and paying the minimum payment each month? The old short seller is coming out in me. Rising rents and rising minimum payments to Chase/Citi? Mercy. Charge-offs coming like Omar with a grudge.
Sand
Footballguy
Same as it's always been, no?
What’s the best way to buy those? Is there a convenient ETF that tracks it?
fruity pebbles
Footballguy
Not really I don’t think, other than buying bonds from the government. Nothing that you know at the end of a year holding it you’re guaranteed 4.75%. The funds and etfs ebb and flo with the treasury’s daily value
Desert_Power
Footballguy
You can buy bonds in most brokerages or directly from TreasuryDirect. An ETF will leave you more exposed to a falling price (higher yields).
Search for treasury bills or notes around one year to maturity to get a similar rate.
Ridgeback
Footballguy
Yeah, I bought quite a bit of treasuries a few months ago when the 6-month and 1-year was about 3.75-4%. Wish I would have waited but might leg a bit more in there. I'm in no hurry to get my money back in the market. By the end of next year, I'll start pushing it back in.
Free beer tomorrow!
ChiefD
Footballguy
FYP.
FreeBaGeL
Footballguy
Was hoping to tax loss harvest after a rally, but looks like that ship has most likely sailed. So without waiting the 30 days, if I were to sell some tech stonks (like Googl, Shop, etc) and buy QQQ would that trigger a wash sale? I figure if we do get a surprise rally then QQQ should still do nicely so I wouldn't be missing out entirely on it.
beef
Footballguy
No. Wash sales are specific to each ticker. I've had a few, and never one from crossing BNKU or JPM.
The wash-sale rule prohibits selling an investment for a loss and replacing it with the same or a "substantially identical" investment 30 days before or after the sale.
QQQ is not Google.
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Orange&Blue
Footballguy
Sand
Footballguy
No, this doesn't. QQQ is an ETF with many parts and AAPL is a single stock. Quite different. Now, if you sold SPY and bought IVV that may well be a wash sale.
JB Breakfast Club
Footballguy
Nothing. Only pain exists in this market.
