Stock Thread (7 Viewers)

[pecorino]

Vanguard has been down all morning

What’s on sale that your buying ?

FTNT

MRNA. Beat to a pulp recently.

 

[ConstruxBoy]

What’s on sale that your buying ?

FTNT

Are you expecting some news and/or earnings beat today?

No, just like the cybersecurity market and most of my investment in that is in PANW, so adding their competitor at a good discount seems like a great use of dry powder. PANW is reasonably cheap as well.

 

[cosjobs]

What's the lock-up?

CXW

 

[culdeus]

Ok. That's over. Next stop 100k dow.

 

[FreeBaGeL]

I'm tempted to buy some short term puts in my gambling account. This bounce seems fake.

 

[Sand]

Ok. That's over. Next stop 100k dow.

I'm tempted to buy some short term puts in my gambling account. This bounce seems fake.

 

[Judge Smails]

Confirmed SpaceX lockup would be 6 months after IPO

 

[FreeBaGeL]

I used the bounce to free up about 10% cash in my main holdings. Mostly edgier stuff I wasn't that confident in anyway. I just want to have some powder to play with in case this thing gets worse, but all my main holdings (90% of portfolio) are untouched.

401k is untouched.

In my gambling account I'm playing short term pain. I don't see how the yen issues could have been resolved in one day and I think that giant Nikkei bounce is super fake. I think there is still tons of pain to come there. They're just now raising rates like the rest of the world did back in 2022 and their pain is still to come. This bounce looks just like some of ours did at the start of our rate-hike crash. If I knew how to short that market directly instead of ours I would.

I also think that was a distraction from the recession concerns that were hitting us before that even happened. Almost like people for a minute saw the Japan stuff resolving itself a bit in US markets and felt relieved, forgetting that's not even the thing they were panicking about in the first place a few days ago.

In my gambling account I loaded up on short-term puts for PTF and TQQQ mid-day. Already a ~30% return on those and with the soft close and poor follow-through on this bounce I saw it as soft confirmation and loaded up on some more.

Over the next few days I'll either get wrecked on that gamble and close it out at a loss, or take the win and close out those positions. In the latter case, I'll buy some medium term put options. In the former case, I'll lick my wounds and move on, and enjoy the green figures in my regular accounts.

The main thing keeping my gambling account money in the market was that I didn't want to miss out on the pump from interest rates being cut. But I think at this point that's already fully priced in pretty much, and additionally when I looked at it some more the market usually doesn't pump until well after rates have been cut anyway. In fact it's usually bearish in the short term because people take it as confirmation from the fed that recession is coming.

Long term I am still bullish.

 

[McBokonon]

AXON: Bodycams/Tasers (just law enforcement in general)
TMO: Life Science Equipment

I like Thermo Fisher and know them well. High but not crazy P/E. Axon looks very richly priced to me and I hardly know it. I’m looking for names that are well known and the industry standard bearer. Maybe Axon is that, but I can’t buy something that’s trading north of 125 fit it’s P/E.

P/E isn’t a good metric for everything. But AXON is definitely expensive, and has been for all the years I’ve owned it.

ETA: I like forward P/E more than trailing 12 months, generally. The TTM P/E is north of 125 but forward is <70. Still high but also not as meaningful for growth stocks like this one.

$AXON beat and raise again. Been more or less flat since this post, which is not a bad thing considering the run it's on, but up AH. I added more in June for the first time in 2 years and it is my second largest position behind only Costco, but might take over tomorrow. Still never feel like I have enough.

 

[JB Breakfast Club]

FTNT go boom boom

 

[Runkle]

Interesting - Google declared a monopoly, but the market is shrugging it off.

Just confirms what the shareholders already knew. Isn't the reason you buy into GOOGL because they're in the dominant position in their industry?

 

[ConstruxBoy]

FTNT go boom boom

I love it when a plan comes together.

 

[Sand]

Interesting - Google declared a monopoly, but the market is shrugging it off.

Just confirms what the shareholders already knew. Isn't the reason you buy into GOOGL because they're in the dominant position in their industry?

Probably. Also read today the legal process (appeals, etc.) will take years. So the damage is a maybe and also way out on the horizon.

 

[culdeus]

I will say giving Google as much data voluntarily as we do is insanity. They have a vicious spiral since to justify ad rates they have to show they can place ads for what people want.

How does such a thing get broken up

 

[JB Breakfast Club]

Shopify, I never doubted you...

 

[steelerfan1]

Shopify, I never doubted you...

That and SE are 2 I'm still pretty red in, but hoping in a few years it was worth it.

 

[McBokonon]

AXON: Bodycams/Tasers (just law enforcement in general)
TMO: Life Science Equipment

I like Thermo Fisher and know them well. High but not crazy P/E. Axon looks very richly priced to me and I hardly know it. I’m looking for names that are well known and the industry standard bearer. Maybe Axon is that, but I can’t buy something that’s trading north of 125 fit it’s P/E.

P/E isn’t a good metric for everything. But AXON is definitely expensive, and has been for all the years I’ve owned it.

ETA: I like forward P/E more than trailing 12 months, generally. The TTM P/E is north of 125 but forward is <70. Still high but also not as meaningful for growth stocks like this one.

$AXON beat and raise again. Been more or less flat since this post, which is not a bad thing considering the run it's on, but up AH. I added more in June for the first time in 2 years and it is my second largest position behind only Costco, but might take over tomorrow. Still never feel like I have enough.

 

[pecorino]

ADX is doing a tender offer in early August in which it, so far as I can tell, will conduct a stock buyback at 98% of the NAV at that time. That is a good premium since ADX usually trades at roughly a 10% discount to NAV. Any reason why I should not back up the truck? It's completely possible that I am missing something.

ADX tender offer

For those wanting to know how this shook out: The company stated that they'd buy back roughly 12 million shares in this tender offer. Owners, myself included, offered many more shares than that to be sold at 2% below the NAV (which is about 10% higher than it's typical share price on any given day) to the tune of over 40 million available shares. So the company decided to buy those 12 million shares in a proportional way so that each investor who made shares available had 29% of them sold at $22.46 last night. That transaction showed in my account today and I repurchased the shares that were tendered away at $20.50 this morning. I'm back to my original holding and netted a gain because the offer to buy was above the share price. If they make a similar offer in the future, I would recommend taking advantage of the buyback even if you want to remain long as those shares can be repurchased more cheaply the next day.

 

[urbanhack]

Shopify, I never doubted you...

just did some shopping the last few weeks.

 

[stbugs]

AXON: Bodycams/Tasers (just law enforcement in general)
TMO: Life Science Equipment

I like Thermo Fisher and know them well. High but not crazy P/E. Axon looks very richly priced to me and I hardly know it. I’m looking for names that are well known and the industry standard bearer. Maybe Axon is that, but I can’t buy something that’s trading north of 125 fit it’s P/E.

P/E isn’t a good metric for everything. But AXON is definitely expensive, and has been for all the years I’ve owned it.

ETA: I like forward P/E more than trailing 12 months, generally. The TTM P/E is north of 125 but forward is <70. Still high but also not as meaningful for growth stocks like this one.

$AXON beat and raise again. Been more or less flat since this post, which is not a bad thing considering the run it's on, but up AH. I added more in June for the first time in 2 years and it is my second largest position behind only Costco, but might take over tomorrow. Still never feel like I have enough.

Love it. It’s now my #4 holding. Passed KNSL today, both of which got big because I rebought both when they dipped back down to around where I first bought. Actually bought AXON four different times and I’m up 100-140% on those four.

Feel like I’ll be holding both for a while.

 

[Todem]

ADX is doing a tender offer in early August in which it, so far as I can tell, will conduct a stock buyback at 98% of the NAV at that time. That is a good premium since ADX usually trades at roughly a 10% discount to NAV. Any reason why I should not back up the truck? It's completely possible that I am missing something.

ADX tender offer

For those wanting to know how this shook out: The company stated that they'd buy back roughly 12 million shares in this tender offer. Owners, myself included, offered many more shares than that to be sold at 2% below the NAV (which is about 10% higher than it's typical share price on any given day) to the tune of over 40 million available shares. So the company decided to buy those 12 million shares in a proportional way so that each investor who made shares available had 29% of them sold at $22.46 last night. That transaction showed in my account today and I repurchased the shares that were tendered away at $20.50 this morning. I'm back to my original holding and netted a gain because the offer to buy was above the share price. If they make a similar offer in the future, I would recommend taking advantage of the buyback even if you want to remain long as those shares can be repurchased more cheaply the next day.

I had way too high of capital gain to do this. Like stupid high. I have a long long time horizon on this holding and I did not want to pay a steep Cap gain tax on it....no point because of my "time horizon".

In an IRA it's no brainer.

 

[McBokonon]

Started an $APP position over the last couple of days.

Just bought some more on the AH dip. Good numbers IMO.

ETA: Just went green. Bottom-ticked that sucker at $59 and it's back to 67+

 

[cosjobs]

Another reminder the markets don’t go up in a straight line.

CNBC talking heads gonna have fun today.

“Market Sell Off” Red Ticker.

Be ready to start buying heavy this week for the long term.

CNBC (person who knows something): This is not a good day to sell. CNBC (Joe Kiernan): This looks like the day to sell.

Joe's an idiot

 

[NajehHejan]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

 

[McBokonon]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

BROS down 20% today
CELH down 33% YTD
MNST down 11% today and 23% YTD
SBUX down 25% over the past year.

People are just walking around, tired and cranky

 

[General Malaise]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

What's pulling this one down today? I jumped out of it months ago, but keep thinking about getting back in. My son spends almost $100/month there - we did a budget for him and I was astonished at what he spends there.

 

[General Malaise]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

F it, I'm in for 50 little shares. Let's see where this thing goes.

 

[McBokonon]

Started an $APP position over the last couple of days.

Just bought some more on the AH dip. Good numbers IMO.

ETA: Just went green. Bottom-ticked that sucker at $59 and it's back to 67+

20% swing on the shares I bought last night with APP up 9% today. It's nice when you can successfully take advantage of the post-earnings algos being stupid.

 

[Capella]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

BROS down 20% today
CELH down 33% YTD
MNST down 11% today and 23% YTD
SBUX down 25% over the past year.

People are just walking around, tired and cranky

Lol. Funny but I bought a nice machine over a year ago. Has paid for itself two times over by now. Wonder if a lot of people have done the same.

 

[General Malaise]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

BROS down 20% today
CELH down 33% YTD
MNST down 11% today and 23% YTD
SBUX down 25% over the past year.

People are just walking around, tired and cranky

Lol. Funny but I bought a nice machine over a year ago. Has paid for itself two times over by now. Wonder if a lot of people have done the same.

I mean, we make our own coffee at home 90% of the time. But I'm too lazy to do it when my wife is off for the summer, so if I leave the house before she wakes up, I just hit SBUX on my way into the office. I like their dark roast coffee and have no issues spending $4ish with tip to get a big one. But the lines across the street for BROS are still buzzing, at least out here. I've watched the one near my work for 15+ years and it's always got a pulse. Those folks aren't ordering dark roast black coffee, tho....they're getting things called "ICED ANHILOATOR!!!!!" or "MOCAH DEATH MARCH!!!111". It's like Monster Trucks for caffeinated beverages.

 

[SFBayDuck]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

BROS down 20% today
CELH down 33% YTD
MNST down 11% today and 23% YTD
SBUX down 25% over the past year.

People are just walking around, tired and cranky

Lol. Funny but I bought a nice machine over a year ago. Has paid for itself two times over by now. Wonder if a lot of people have done the same.

I mean, we make our own coffee at home 90% of the time. But I'm too lazy to do it when my wife is off for the summer, so if I leave the house before she wakes up, I just hit SBUX on my way into the office. I like their dark roast coffee and have no issues spending $4ish with tip to get a big one. But the lines across the street for BROS are still buzzing, at least out here. I've watched the one near my work for 15+ years and it's always got a pulse. Those folks aren't ordering dark roast black coffee, tho....they're getting things called "ICED ANHILOATOR!!!!!" or "MOCAH DEATH MARCH!!!111". It's like Monster Trucks for caffeinated beverages.

They almost don’t think of themselves as a coffee company anymore as most of their sales are energy and blended drinks. Their key demo is teenage Hispanic females, which I thought was interesting. They also won’t open company owned stores anywhere the average temperature is below like 61 degrees, because of that reliance on blended drinks and walk ups, so you won’t see them in the upper Midwest or NE. But they still have plans to grow from approx 900 to over 4000 stores over the next few years.

 

[General Malaise]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

BROS down 20% today
CELH down 33% YTD
MNST down 11% today and 23% YTD
SBUX down 25% over the past year.

People are just walking around, tired and cranky

Lol. Funny but I bought a nice machine over a year ago. Has paid for itself two times over by now. Wonder if a lot of people have done the same.

I mean, we make our own coffee at home 90% of the time. But I'm too lazy to do it when my wife is off for the summer, so if I leave the house before she wakes up, I just hit SBUX on my way into the office. I like their dark roast coffee and have no issues spending $4ish with tip to get a big one. But the lines across the street for BROS are still buzzing, at least out here. I've watched the one near my work for 15+ years and it's always got a pulse. Those folks aren't ordering dark roast black coffee, tho....they're getting things called "ICED ANHILOATOR!!!!!" or "MOCAH DEATH MARCH!!!111". It's like Monster Trucks for caffeinated beverages.

They almost don’t think of themselves as a coffee company anymore as most of their sales are energy and blended drinks. Their key demo is teenage Hispanic females, which I thought was interesting. They also won’t open company owned stores anywhere the average temperature is below like 61 degrees, because of that reliance on blended drinks and walk ups, so you won’t see them in the upper Midwest or NE. But they still have plans to grow from approx 900 to over 4000 stores over the next few years.

They definitely are expanding, that's for sure. Got 'em in Wyoming, Kentucky, Bama, KC, Tenn....just to name a few. The one they roll out at Autzen is like a rave scene, man.

 

[Sand]

The one they roll out at Autzen is like a rave scene, man.

When you legalize all the drugs the menu can get much more creative...

 

[ghostguy123]

Ohio will have marijuana stores soon. Any stonks to make a quick buck on there?

 

[General Malaise]

I don't think there's been ONE single success story in Marijuana stocks, but I could be wrong. None of the ones I ever touched did anything but torch my money. I did get a small settlement check from Cantrust, but that was a massive whiff on my part.

 

[ghostguy123]

I don't think there's been ONE single success story in Marijuana stocks, but I could be wrong. None of the ones I ever touched did anything but torch my money. I did get a small settlement check from Cantrust, but that was a massive whiff on my part.

Can I bet on government profits???

 

[SFBayDuck]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

BROS down 20% today
CELH down 33% YTD
MNST down 11% today and 23% YTD
SBUX down 25% over the past year.

People are just walking around, tired and cranky

Lol. Funny but I bought a nice machine over a year ago. Has paid for itself two times over by now. Wonder if a lot of people have done the same.

I mean, we make our own coffee at home 90% of the time. But I'm too lazy to do it when my wife is off for the summer, so if I leave the house before she wakes up, I just hit SBUX on my way into the office. I like their dark roast coffee and have no issues spending $4ish with tip to get a big one. But the lines across the street for BROS are still buzzing, at least out here. I've watched the one near my work for 15+ years and it's always got a pulse. Those folks aren't ordering dark roast black coffee, tho....they're getting things called "ICED ANHILOATOR!!!!!" or "MOCAH DEATH MARCH!!!111". It's like Monster Trucks for caffeinated beverages.

They almost don’t think of themselves as a coffee company anymore as most of their sales are energy and blended drinks. Their key demo is teenage Hispanic females, which I thought was interesting. They also won’t open company owned stores anywhere the average temperature is below like 61 degrees, because of that reliance on blended drinks and walk ups, so you won’t see them in the upper Midwest or NE. But they still have plans to grow from approx 900 to over 4000 stores over the next few years.

They definitely are expanding, that's for sure. Got 'em in Wyoming, Kentucky, Bama, KC, Tenn....just to name a few. The one they roll out at Autzen is like a rave scene, man.

Kind of a bummer they’re not an Oregon company anymore, they’ve relocated pretty much everyone to AZ and are moving into a new, bigger office in Tempe in the spring.

But it’s kind of hard for execs to travel from the Medford airport so it was probably inevitable they’d have to move at some point. And with the bulk of their stores in the southern half of the US, AZ made sense.

 

[stbugs]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

What's pulling this one down today? I jumped out of it months ago, but keep thinking about getting back in. My son spends almost $100/month there - we did a budget for him and I was astonished at what he spends there.

They raised full year guidance a touch (1%) but it was still below estimates. A 20% haircut is a lot but that’s the way it is now. I do want to nibble so I may see if it fades late day.

 

[General Malaise]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

What's pulling this one down today? I jumped out of it months ago, but keep thinking about getting back in. My son spends almost $100/month there - we did a budget for him and I was astonished at what he spends there.

They raised full year guidance a touch (1%) but it was still below estimates. A 20% haircut is a lot but that’s the way it is now. I do want to nibble so I may see if it fades late day.

Read that they provided "underwhelming growth projections" moving forward, but also that this company has a history of being conservative with their guidance. They did beat...

 

[KGB]

Bought puts on EBS

 

[Ridgeback]

I don't think there's been ONE single success story in Marijuana stocks, but I could be wrong. None of the ones I ever touched did anything but torch my money. I did get a small settlement check from Cantrust, but that was a massive whiff on my part.

Yeah, I'm still holding TLRY. Apparently, I'm a masochist. Only down 90+%. Sure, it'll come back any day now just like TRUFF and MNMD. FML...

 

[Pigskin Fanatic]

I don't think there's been ONE single success story in Marijuana stocks, but I could be wrong. None of the ones I ever touched did anything but torch my money. I did get a small settlement check from Cantrust, but that was a massive whiff on my part.

Yeah, I'm still holding TLRY. Apparently, I'm a masochist. Only down 90+%. Sure, it'll come back any day now just like TRUFF and MNMD. FML...

haha, good to see i wasn't the only one. i just sold my TLRY as a loss harvest, i don't even remember what that ticker was when i bought it years ago.

 

[SFBayDuck]

I don't think there's been ONE single success story in Marijuana stocks, but I could be wrong. None of the ones I ever touched did anything but torch my money. I did get a small settlement check from Cantrust, but that was a massive whiff on my part.

Yeah, I'm still holding TLRY. Apparently, I'm a masochist. Only down 90+%. Sure, it'll come back any day now just like TRUFF and MNMD. FML...

You and me on TRUFF. Wallowing down at the bottom of my account along with other FFA stalwarts RVVTF, BLDP, QS and PLGNF. Wish I still had some COBALT-BLOCKCHAIN in my account to look at.

 

[Ridgeback]

I don't think there's been ONE single success story in Marijuana stocks, but I could be wrong. None of the ones I ever touched did anything but torch my money. I did get a small settlement check from Cantrust, but that was a massive whiff on my part.

Yeah, I'm still holding TLRY. Apparently, I'm a masochist. Only down 90+%. Sure, it'll come back any day now just like TRUFF and MNMD. FML...

haha, good to see i wasn't the only one. i just sold my TLRY as a loss harvest, i don't even remember what that ticker was when i bought it years ago.

I'd do the same, but it's in my Roth. Doh!

 

[Todem]

Another reminder the markets don’t go up in a straight line.

CNBC talking heads gonna have fun today.

“Market Sell Off” Red Ticker.

Be ready to start buying heavy this week for the long term.

CNBC (person who knows something): This is not a good day to sell. CNBC (Joe Kiernan): This looks like the day to sell.

Joe's an idiot

Flunked out of the PDP program at Merrell Lynch FYI.....bonehead.

 

[Desert_Power]

Another reminder the markets don’t go up in a straight line.

CNBC talking heads gonna have fun today.

“Market Sell Off” Red Ticker.

Be ready to start buying heavy this week for the long term.

CNBC (person who knows something): This is not a good day to sell. CNBC (Joe Kiernan): This looks like the day to sell.

Joe's an idiot

Flunked out of the PDP program at Merrell Lynch FYI.....bonehead.

That's not easy to do. These days they basically are begging folks to see those through.

 

[Ridgeback]

BROS on sale today. Bought $5K worth in my IRA at $29.50. Long term hold for me.

F it, I'm in for 50 little shares. Let's see where this thing goes.

In for 20 shares, just enough to pay attention to it.

 

[ghostguy123]

Man, i've looked back at a bunch of different random stocks that have gone down like 90% since 2020-2021.
Did the country as a whole lose half it's net worth since then or something??? Yeesh

 

[FreeBaGeL]

Man, i've looked back at a bunch of different random stocks that have gone down like 90% since 2020-2021.
Did the country as a whole lose half it's net worth since then or something??? Yeesh

Of course not. The market is way up since then. Just rebalancing out of junk stocks that people bought on name and emotion rather than any semblance of reality.

The problem was where they were valued then, not where they are valued now. Most of those you could argue are STILL overvalued even down 90%. Which is a good indication of how ridiculously stupid the prices people were paying then were.

 

[ghostguy123]

Man, i've looked back at a bunch of different random stocks that have gone down like 90% since 2020-2021.
Did the country as a whole lose half it's net worth since then or something??? Yeesh

Of course not. The market is way up since then. Just rebalancing out of junk stocks that people bought on name and emotion rather than any semblance of reality.

The problem was where they were valued then, not where they are valued now. Most of those you could argue are STILL overvalued even down 90%. Which is a good indication of how ridiculously stupid the prices people were paying then were.

Maybe I'm just thinking back to the CYDY days