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Stock Thread (13 Viewers)
- Thread starter St. Louis Bob
- Start date
SFBayDuck
Footballguy
I dropped much of this one a while back to lock in gains, but still on the ride with a 1/4 position.
Where's the upside down
emoji? This thing is such a POS, it's laughable.
Sand
Footballguy
Also known as the Pfizer club.
Bob Sacamano
Footballguy
BUT THEY PAY A DIVIDEND!!!
Bob Sacamano
Footballguy
How is Intel not better? I've been looking at laptops for my daughter for college and effing everything has "IntelInside!!!!"
Bob Sacamano
Footballguy
It's kind of annoying, really
KGB
Footballguy
Wife has worked there 20 years.
Needless to say we have mucho mucho shares.
After hours= sad banana and last 5 years.
But at least we been buying low! Whahahahahaha
General Malaise
Footballguy
Because they are not - never have been - innovative. They are the Chevrolet of tech. Very reliable, sell a bunch of product, but nobody has ever gotten a boner over what Intel has or does. Sex sells and Intell is Jane Pauley.
General Malaise
Footballguy
Without even looking I'm guessing Intel stock is around $35? Been that way for decades.
This is a stock that should pay out a significant dividend.
This is a stock that should pay out a significant dividend.
McBokonon
Footballguy
They WISH!
Capella
Footballguy
How is snap just not at zero now. We’ve been making the same down 18% since earnings jokes since 2021.
I dropped much of this one a while back to lock in gains, but still on the ride with a 1/4 position.
Where's the upside down
General Malaise
Footballguy
McBokonon
Footballguy
Nice reference, gramps. Tell us again about the first time you saw a talkie.
General Malaise
Footballguy
Summer of '78, mom drove me in a Chevy Nova to a little flick called Star Wars. Powered by Intel.
Actually true.
beef
Footballguy
I think INTC reported that they're cancelling their dividend because there is no profits to pay out.
And laying off 15k/15% of the workforce. It’s about as bad an earnings report you can have.
I hope you’re kidding because it closed AHs at $23.56. In 1997, it hit above $23. 27 years ago. Damn.
Because each time they lose 18%, it’s 18% OF A SMALLER NUMBER!!!How is snap just not at zero now. We’ve been making the same down 18% since earnings jokes since 2021.
I dropped much of this one a while back to lock in gains, but still on the ride with a 1/4 position.
Where's the upside down
Capella
Footballguy
Oh wow no wayBecause each time they lose 18%, it’s 18% OF A SMALLER NUMBER!!!How is snap just not at zero now. We’ve been making the same down 18% since earnings jokes since 2021.
I dropped much of this one a while back to lock in gains, but still on the ride with a 1/4 position.
Where's the upside down
KGB
Footballguy
Yeah, we max everything possible, down to health savings.
Doesnt matter till you sell I suppose
⚡DEADHEAD⚡
Footballguy
I regretted not getting in on INTC when it was $25ish a couple years back or so.
I've watched many tech companies go through their rounds of layoffs only to report profits a quarter or two later, and the stock price benefits. I wonder if a $23 can turn into an opportunity to sell at $30 within the next year or so.
I worked for a financial services company in 1995-1996 in San Francisco. I watched some accounts trade INTC calls. Saw a few dudes make 7 figures with very little on the line. Moore's law is named after the former co-founder. This company was the pinnacle of the industry at the time - AMD was a distant second - and made PCs affordable and accessible (when Apple couldn't, by the way), so I don't think one can say it wasn't innovative. Yes, volume is how it made its money, but it was the industry leader on the tech front. It's a sad story if you think about it.
I've watched many tech companies go through their rounds of layoffs only to report profits a quarter or two later, and the stock price benefits. I wonder if a $23 can turn into an opportunity to sell at $30 within the next year or so.
I worked for a financial services company in 1995-1996 in San Francisco. I watched some accounts trade INTC calls. Saw a few dudes make 7 figures with very little on the line. Moore's law is named after the former co-founder. This company was the pinnacle of the industry at the time - AMD was a distant second - and made PCs affordable and accessible (when Apple couldn't, by the way), so I don't think one can say it wasn't innovative. Yes, volume is how it made its money, but it was the industry leader on the tech front. It's a sad story if you think about it.
ghostguy123
Footballguy
I happen to be on the SOXL page, and it looks like a countdown
beer 30
Footballguy
Jane had her moment, you're just too young to remember.
beef
Footballguy
like the scene in Independence Day when David is in the Oval and opens his laptop.
JB Breakfast Club
Footballguy
I see...too many jobs is bad because rates won't get cut but not enough jobs is also bad because rates didn't get cut.
Yep. Thankfully someone here, probably todem, convinced me to sell months ago.
Capella
Footballguy
Future fine and a scolding letter. But I’ll buy more if the market drops on it.
beef
Footballguy
Will probably be NVDA's chips that run the AI that will determine the fine amount and write the letter.
Todem
Footballguy
Must be election time.
Well, not exactly. Their co-founder Gordon Moore was very innovative and brilliant and if you've ever heard of Moore's Law, well, that's him.
They are much more a commodity company now and the industry has moved past them for years, and it accelerated the past 5 or so years. At this point you can probably kiss them goodbye.
And if you want to pinpoint their downfall, they went from a CEO from the greatest university in the country to Pat Gelsinger who may be on the shortlist of worst CEO's of all time. That's what happens when you downgrade to a STanford grad. Lesson to be learned there.
Desert_Power
Footballguy
Market reaction definitely seems to be that the Fed made the policy error it had been avoiding thus far. Should have added more duration.
steelerfan1
Footballguy
bought some AMZN.
fruity pebbles
Footballguy
Looks like we’ve finally shifted in the market from bad economic news being good news to bad news being bad news.
I thought about it but decided to play it safe and just buy some SPY instead.
Bossman
Footballguy
Sometimes stonks go on sale. Today would be that day.
Desert_Power
Footballguy
Have you tried unplugging the stonks and plugging them back in?
Todem
Footballguy
Was a matter of time. With how fast they raised interest rates, it’s finally being felt.
Healthy sell off. And overdue if you think about it.
I am thinking 5-7% more downside from here easily. That will be our first real correction in 2024.
We had two quick NY minute 5% corrections this year. Time for that 10-15% and then by year end we snap back to where we were in mid July once we have clarity on policy the next 4 years.
Par for the course.
Todem
Footballguy
I hate buying on Fridays.
Things happen over the weekend.
Don’t get crazy here….we have more downside ahead.
Bob Sacamano
Footballguy
It's always fun to see companies jump on earnings and then immediately get hammered back below where they were by the broader market (looking at you, PYPL). Curious to see what happens to MELI from here. Seems unlikely they hold these gains. Already starting to leak a bit.
ConstruxBoy
Kate's Daddy
Sometimes you have to laugh. Have been thinking of adding a little to my AMT position. Just looked and it's up 2.5% today, my only one in the green. Sigh.
General Malaise
Footballguy
Very fair, they did have their day and yes, I'm not taking into account their history. They've had some pretty bad leaders lately - I think one guy was ready to go ALL IN on drones. Not sure he lasted long.
