Todem
Footballguy
A great time to get greedy.
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Stock Thread (18 Viewers)
- Thread starter St. Louis Bob
- Start date
fruity pebbles
Footballguy
You think? Seems like a lot of garbage has run lately. Market keeps going right back to speculative crap.
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Todem
Footballguy
Greedy on quality and value.
McBokonon
Footballguy
$BBBY, whose financial difficulties are just invented lies from the corrupt media who continue to report on the company’s filings by reading them, proposed a reverse stock split. Shares are down pre-market, trading under $0.90 as I type this. Obviously just a coiled spring.
Merger announcement today? I saw a tweet about how their outstanding shares tripled in the past few weeks. Always good shareholder news. I’m just glad poor Ryan Cohen got completely out at 20x or more prices.
KGB
Footballguy
McBokonon
Footballguy
I was high on Upstart but there’s no way I’d get in now. I bailed as soon as it was clear they had no real plan for getting loans off their balance sheet. I think there’s possibly something there, still, but the environment is terrible for it right now even if they were firing on all cylinders, which they are definitely not. I’m willing to wait and see how they perform through the next several quarters (probably more) and risk missing a move up. There’s short squeeze potential for gamblers.
Haven’t looked into $S but it’s a tough environment for money-losing growth. I re-started positions in CRWD and ZS a while back because timing the market is impossible but I’m going very slowly.
Irish3
Footballguy
The article referenced the slow climb and how these are 10 year holds. They also referred to CRWD and how $S has actually outperformed it (not saying it's a better stock).
2 No-Brainer Stocks to Buy Right Now for Less Than $20 | The Motley Fool
These stocks are ready to soar in the next bull market.
www.fool.com
McBokonon
Footballguy
Just an fyi that these free Fool articles are written by individual contractors who are just cranking out volume and aren’t representative of the opinion of the Fool or anyone else. Just some guy. Doesn’t mean they’re useless, but good to know. His analysis on UPST is kind of terrible. He just glosses over their very real problems like no big deal but then highlights the company’s “plans” like firing people and decreasing marketing. The latter aren’t long term strategies. But, yes, in 10 years this stock could be seen as a steal at this level. I’m just not convinced by the company yet. I have nothing against buying a little and then monitoring them every quarter. If they pop, you benefit a little. If they implode, you only suffer a little.The article referenced the slow climb and how these are 10 year holds. They also referred to CRWD and how $S has actually outperformed it (not saying it's a better stock).
2 No-Brainer Stocks to Buy Right Now for Less Than $20 | The Motley Fool
These stocks are ready to soar in the next bull market.
$S has higher % revenue growth than CRWD because they are newer/smaller. But I haven’t really looked at them, they could be great, I don’t know.
JB Breakfast Club
Footballguy
GME earnings days are always fun...
JB Breakfast Club
Footballguy
Let's go!
millertyme1
Footballguy
Alien Fantasy
Footballguy
GME just getting started here. Cost to borrow has been increasing all week and the option chain just got triggered with this profitable quarter. Shorts are in deep trouble here as the turn-around is complete at a time when retail investors have been locking up the float with direct registered shares.
fruity pebbles
Footballguy
Think the company’s a turd but honestly happy for you.
McBokonon
Footballguy
I knew this sounded familiar.
Only down about 30% since the last time it was just getting started, and that’s with this squeeze after hours factored in.
KGB
Footballguy
up 48% after hours. nice hit
McBokonon
Footballguy
It’s Fed rate decision day. Odds are on a .25 increase but it’s not the sure-fire slam dunk it normally is.
Sand
Footballguy
In other words, best day for him to take a vacation ever.
Chadstroma
Footballguy
Here's Why UWM Believes Brokers Are Better | The Motley Fool
The mortgage company's model dominates the home-purchase market.
www.fool.com
A decent, short, article on UWM from Motley Fool.
McBokonon
Footballguy
“We can only roll over so many vacation days so I decided to take today off. Use them or lose them. In other words, our PTO is….(puts on sunglasses)…transitory. J Pow OUT!”
Sand
Footballguy
I think we get a .25 point raise. What matters is his language on the future. Soft language gives sway to stabilizing the banks and I do think we go green. Lots of talk about fighting inflation probably means a Triple Lindy dive.
Only green is if he says we think the raises so far appear to have done their job so we are pausing to reassess and will look to use smaller rate hikes as needed.
McBokonon
Footballguy
If he pauses, market senses they are afraid of instability in the banking system and if he’s scared, we should be, too. Stonks go down.
If he raises, market hates the even more expensive money, higher for longer, stonks go down.
If he surprises everyone with a cut, holy hell it’s even worse than we thought, sell everything. Stonks go down.
General Malaise
Footballguy
Raised by .25 and taking away language of future rate hikes.
McBokonon
Footballguy
I think “additional policy firming” line is referring to potential future rate hikes.
fruity pebbles
Footballguy
Powell……we’re not cutting rates this year
Market…….oh ****, we thought you were cutting next meeting
Market…….oh ****, we thought you were cutting next meeting
Sand
Footballguy
Nailed it!
Capella
Footballguy
As the prophecy foretold.
Sand
Footballguy
Stocks sure did get wiggy at 2pm.
Todem
Footballguy
I simply don’t get why the market even dreamed of rates being cut this summer….ridiculous.
Higher for longer….I keep saying it.
The first whiff of accommodative policy and the new bull market begins. Until then….as I have been saying….heading into 2023. Yield is the theme. Better asset allocation is the theme. And if we leg down some more…if you built cash…buy into the master list.
Unless something changes drastically (crash landing) I don’t expect much language about easing until they feel comfortable where inflation is.
I think we will get one more .25 and that will be it. This time next year we will be seeing potentially the first rate cut.
Todem
Footballguy
Typical Fed day…..I expected the whipsaw today.
Desert_Power
Footballguy
COIN received a Wells notice over securities law violations.
KGB
Footballguy
Whats that mean?
The Big Donkey
Footballguy
McBokonon
Footballguy
Hindenberg is on a pretty decent run, too.
Willy
Footballguy
Follow them and your assets will blow up
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General Malaise
Footballguy
Nuts to this. I think I'm just going to cash out and buy an alpaca farm.
kevzilla
Footballguy
There's the bottom, straight up from here
I think this market needs a pep talk from Stuart Smalley sometimes. "I deserve a reasonable valuation."
General Malaise
Footballguy
There's the bottom, straight up from here
I think this market needs a pep talk from Stuart Smalley sometimes. "I deserve a reasonable valuation."
We did it?
I've rotated mostly to safety in value / blue chip names but still want to have a chunk in riskier companies. UPST and SHOP are two of those. As for UPST, I've bought three times on dips so now hold 300 hares. Just bought that last third yesterday at the close. After the prior two purchases and after any meaningful pop, I've been selling covered calls to recoup some principal and lower my cost basis. The premiums are high and with volatility, it's just a matter of time before 10% of your outlay can be recovered with an out-of-the money call. Buy them back on a pullback and, in the case of a real decline like yesterday, buy more shares. That's all in response to the recent posts about UPST. One could also trade it--mine is more of an accumulation situation.
I've treated SHOP similarly but there was a hefty pop about a month ago so 100 shares got called away. I like SHOP better that UPST as a safer play and yet also with elevated premiums. So I like selling covered calls but do not want all of my shares to be taken. Have 100 left that are uncovered but will probably sell a call against them if the share price approaches 50 again.
I've treated SHOP similarly but there was a hefty pop about a month ago so 100 shares got called away. I like SHOP better that UPST as a safer play and yet also with elevated premiums. So I like selling covered calls but do not want all of my shares to be taken. Have 100 left that are uncovered but will probably sell a call against them if the share price approaches 50 again.
