Stock Thread

[NajehHejan 426]

Powell to the rescue!!!

[Capella 31,470]

Bought tesla for 705 instead of 630 that I would have drooled over this morning if I was paying attention. Please subscribe to my newsletter for other great plays like this. 

[randall146 4,592]

is there a way on fidelity to divide my positions page into a few different pages? Like having all my long-term holds on one page, "trading" stocks on another, SPACs on a third? 

[Nick Vermeil 3,543]

Just now, randall146 said:

is there a way on fidelity to divide my positions page into a few different pages? Like having all my long-term holds on one page, "trading" stocks on another, SPACs on a third? 

I have separate watch lists for each, stonks, SPACS, Pennies, etc.  Don't know about positions.  

[Nigel 3,606]

3 minutes ago, randall146 said:

is there a way on fidelity to divide my positions page into a few different pages? Like having all my long-term holds on one page, "trading" stocks on another, SPACs on a third? 

on the Watch List page there's a tab labeled Own. You could just populate that list with your trading stocks.

[FreeBaGeL 9,335]

Made back 50% of my last 2 days losses on WKHS puts.  Only out of half of them so far may sell the rest when it unhalts and try to re-buy on any bounce.

This was a $2 stock before USPS contract rumors but it's been up here long enough  I think people might see $14-$15 as a "value".

Edited February 23 by FreeBaGeL

[randall146 4,592]

1 minute ago, Nick Vermeil said:

I have separate watch lists for each, stonks, SPACS, Pennies, etc.  Don't know about positions.  

You just update the watch lists whenever you trade? I could do that. But there should be a way to tag a position to have it auto-populate to a watchlist. 

[Bob Sacamano 10,009]

48 minutes ago, General Malaise said:

Fine.  I'll settle for Caroline. 

My Link

[stbugs 3,374]

48 minutes ago, FreeBaGeL said:

USPS contract goes to OSK, not WKHS 😮

 

Destroyed.

[Bonfire 154]

3 hours ago, Wingnut said:

ONTX price target now $7.50. Load up, its at about $1.40 right now.

https://dbtnews.com/2021/02/23/onconova-therapeutics-inc-ontx-stock-reiterated-by-h-c-wainwright-analyst-price-target-now-7-50-3/?amp&__twitter_impression=true

 

Gambler in me needed a fix, jumped in at $1.50 near close. 

[stbugs 3,374]

2 hours ago, BassNBrew said:

Many of those you have listed have turned to tech and overs have benefitted from the pandemic.  I can give you more utilities, energy, banks, etc that haven't come back.  I'll give you JPM.  Trading at a forward PE of 14 with a 2.4% dividend yield.  It's up 7% in a year.  Is that the definition of an over valued market that needs a major correction?

If we have a 10% correction, it will be heavily weighted toward tech and not the broader market.  SE will be trading at $100, FLGT at $50, SQ at $150.

We’ll just have to disagree here. You know what JPM’s total revenue growth for 3 years is? 8.5%. You know what AMZN’s is? 118%. Amazon is up 120% since 2018 and JPM is up 30%. It’s all relative to growth and potential. That’s a simple example but you can’t just say that JPM’s PE is 14 means that it should be worth a lot more. 8.5% revenue growth isn’t much at all. They are going to continue to get attacked by Fintech companies and yet as I said they are at all time highs compared to where they were at the beginning of 2020. You said the broader market hadn’t recovered but the Dow and S&P are well up from the beginning of 2020. JPM’s stock doesn’t go up 25-50% a year and likely never will again. Amazon just had a quarter with over 40% growth and more revenue than JPM has ever had in an entire year and JPM is worth almost 30% of Amazon so no, JPM is not “cheap” at all.

[hooter311 2,955]

I will survive.

 

Never surrender!

[hooter311 2,955]

It's 2021 and I'm sure big tech is done for good.

Trade your computers for guns!

[identikit 1,521]

2 minutes ago, hooter311 said:

I will survive.

 

Never surrender!

Down 6.24% today.

 

Feel like I got off easy.

[ericttspikes 2,749]

I really can't believe SNAP is over 106B. I had 1000 shares at $5 when my kids were into it. Then they told me it wasn't cool and none of their friends used it anymore so I sold at $8 or $9. #$%&!!!!!!!! I'm not even sure I get their business model of catering to kids who have no purchasing power at all. Don't really regret not holding something I don't understand, but it's a "what could of been" stock.

[Capella 31,470]

Ended up the day only down half a point. I’ll have some of my fancy plum wine to that tonight. 

[Bob Sacamano 10,009]

9 minutes ago, Capella said:

Ended up the day only down half a point. I’ll have some of my fancy plum wine to that tonight. 

I will never understand Florida.

[Capella 31,470]

Just now, Bob Sacamano said:

I will never understand Florida.

Lots of the worst people on earth, but the weather is perfect today and plum wine is delicious. 

[ConstruxBoy 1,329]

Down 1.09% even with MOGO, SPACs, PLTR, etc. 

Fun to see the three stocks I bought as "ballast" to my portfolio, USB, IRM, MDU, all up today. That's the way it's supposed to work. 

[ConstruxBoy 1,329]

1 minute ago, ConstruxBoy said:

Down 1.09% even with MOGO, SPACs, PLTR, etc. 

Fun to see the three stocks I bought as "ballast" to my portfolio, USB, IRM, MDU, all up today. That's the way it's supposed to work. 

Also AMZN, the ultimate ballast stock, up today. Thanks Jeff!

I mean, thanks FishNChips!

Edited February 23 by ConstruxBoy

[Bob Sacamano 10,009]

Just now, Capella said:

Lots of the worst people on earth, but the weather is perfect today and plum wine is delicious. 

I mean, you just described AZ, other than the last part completely shuking me.

[randall146 4,592]

OK, another fidelity /trading question.  If I have extended hours trading enabled, will it execute my standing limit orders? Or do I have to re-enter the orders as extended hour orders? 

Thanks, and sorry. I haven't found the answer looking myself. 

[rick6668 1,254]

Just now, randall146 said:

OK, another fidelity /trading question.  If I have extended hours trading enabled, will it execute my standing limit orders? Or do I have to re-enter the orders as extended hour orders? 

Thanks, and sorry. I haven't found the answer looking myself. 

My experience is these close and end of day (Normal) so you would need a new extended hour trade.

[Capella 31,470]

11 minutes ago, Bob Sacamano said:

I mean, you just described AZ, other than the last part completely shuking me.

You should try it, trust me. 

[stbugs 3,374]

14 minutes ago, ConstruxBoy said:

Also AMZN, the ultimate ballast stock, up today. Thanks Jeff!

I mean, thanks FishNChips!

You’re doing it wrong. FishNBeer, good. CarpNTeriyaki, bad.

[FreeBaGeL 9,335]

12 minutes ago, randall146 said:

OK, another fidelity /trading question.  If I have extended hours trading enabled, will it execute my standing limit orders? Or do I have to re-enter the orders as extended hour orders? 

Thanks, and sorry. I haven't found the answer looking myself. 

I am 90% sure you'd have to re-enter them as extended hour orders.

[randall146 4,592]

2 minutes ago, rick6668 said:

My experience is these close and end of day (Normal) so you would need a new extended hour trade.

The default is daylong, but you can set limit orders as instant, daylong, or open until filled (or canceled). 

So if I have a current, good until filled order to sell XYZ at $10,I'm wondering what happens if someone bids $10 after hours. 

[KGB 464]

BLDP

[stbugs 3,374]

32 minutes ago, Capella said:

Ended up the day only down half a point. I’ll have some of my fancy plum wine to that tonight. 

Down under 2% and when the day started it was 7%, so I’ll call it a big win.

[FreeBaGeL 9,335]

Only down 0.74% in my long-term account, but 4% in my swing trading account which hurts.

Both were obviously much much worse at the lows.

Day trading account +15% though thank you WKHS.

I'm curious with market strength in the afternoon what tomorrow will look like.  If it gives people confidence to buy dips or if it was just a mirage.

Edited February 23 by FreeBaGeL

[General Malaise 27,539]

10 minutes ago, Capella said:

You should try it, trust me. 

Don't you have a lot of bugs? 

[Capella 31,470]

Just now, General Malaise said:

Don't you have a lot of bugs? 

In the summer. I don’t go outside in the summer. November through April is glorious. 

[KGB 464]

1 minute ago, General Malaise said:

Don't you have a lot of bugs? 

It's a feature

[General Malaise 27,539]

Just now, Capella said:

In the summer. I don’t go outside in the summer. November through April is glorious. 

What kind place could I get for 500Kish?  

[2Squirrels1Nut 2,503]

5 minutes ago, Capella said:

In the summer. I don’t go outside in the summer. November through April is glorious. 

Do you have a space pen that writes upside down? 

[General Malaise 27,539]

3 minutes ago, KGB said:

It's a feature

What part of Florida has the gators that snatch unruly kids? 

[General Malaise 27,539]

Just now, 2Squirrels1Nut said:

Do you have a space pen that writes upside down? 

 

[Capella 31,470]

2 minutes ago, General Malaise said:

What kind place could I get for 500Kish?  

2500-3000 sq feet, good schools. Going quick around here though now. 

[Capella 31,470]

1 minute ago, General Malaise said:

What part of Florida has the gators that snatch unruly kids? 

Ocala, nowhere near where I’d be living. 

[Desert_Power 1,047]

2 hours ago, FreeBaGeL said:

Possibly.  I've been saying for a long time now that everyone keeps mentioning the dot com bubble with this bubble, but they mis-apply that to stuff like GME and OTC stocks.

GME and OTC stocks are not the potential dot com bubble.  All these tech stocks are the potential dot com bubble.  ZM, FVRR, SE, FLGT, NIO, ETSY, OSTK, W, DOCU etc etc etc.  These stocks where when they pull back to "only" being up 800% in a year and trading at "only" a 4000x multiple they feel "safe" to us.

These are all stocks that have run up purely because "the world is changing" and we are speculating that not only will the world change exactly as we expect, but that these will be the winners in that new world.  Again this parallels directly to the dot com bubble because the whole theory behind that bubble building was the same.  "It's a new world". 

Lotta good that "new world" did for search engines not named Google.

I'm not saying it will happen, and I don't think this pullback we're in now is a bubble burst, but rather just a fairly standard correction after 6 weeks of going up.  But if the theories about a bubble are true and the bubble truly pops that pop will be a lot of these companies dropping 80%-90% and never coming back.

Just my $0.02.  I'm not saying it will happen, but I think people are mixing up the words "bubble" and "correction".  We've all been expecting a correction that we knew was eventually coming.  We are fearful of a bubble pop which may or may not ever come.  But if it does, it will be a LOT more painful than this.

Adding a couple pennies of my own:

If the Fed starts raising rates sharply, like they did prior the tech crash, then naturally a lot of these companies will take a valuation hit.  The specific businesses you list though are (mostly) real businesses that are growing sales at a very high rate. The underlying trends may slow down when the world really reopens, but I don't think they really reverse. 

When I think of bubbles I think the obvious one is crypto. Bitcoin is a speculative asset that will never have cash flows. It isn't going to be the medium of exchange. Companies are taking out debt to put it on their balance sheets. That is pure speculation.

[KGB 464]

5 minutes ago, Capella said:

2500-3000 sq feet, good schools. Going quick around here though now. 

All of CA is moving to AZ.  One of my customers just sold.  Had 10 bids above asking within a week.

[Nigel 3,606]

41 minutes ago, Capella said:

Lots of the worst people on earth, but the weather is perfect today and plum wine is delicious. 

Interesting, I was certain the plum-wine part was a joke. It's really something delicious you drink for real? What's a decent one to try?

[Capella 31,470]

2 minutes ago, KGB said:

All of CA is moving to AZ.  One of my customers just sold.  Had 10 bids above asking within a week.

Yea I could sell now for 30% above what I paid a few years ago. It’s crazy town. 

[KGB 464]

1 minute ago, Capella said:

Yea I could sell now for 30% above what I paid a few years ago. It’s crazy town. 

Yep, but where ya gonna move?  Costa rica?

[Capella 31,470]

1 minute ago, Nigel said:

Interesting, I was certain the plum-wine part was a joke. It's really something delicious you drink for real? What's a decent one to try?

https://www.tippsysake.com/products/hakutsuru-plum-sake?variant=17944234295355&currency=USD&gclid=Cj0KCQiA7NKBBhDBARIsAHbXCB475yNLXpu8-ALLQPMOqvlykCQ9I4zqqtoqUEpqOxpx5Tibrmk9FPoaAjqmEALw_wcB

 

Drinking this one now. It’s sweet, I have a glass after dinner. 

[JoeSteeler 3,506]

27 minutes ago, FreeBaGeL said:

I am 90% sure you'd have to re-enter them as extended hour orders.

This is correct.

[ConstruxBoy 1,329]

8 minutes ago, Desert_Power said:

Adding a couple pennies of my own:

If the Fed starts raising rates sharply, like they did prior the tech crash, then naturally a lot of these companies will take a valuation hit.  The specific businesses you list though are (mostly) real businesses that are growing sales at a very high rate. The underlying trends may slow down when the world really reopens, but I don't think they really reverse. 

When I think of bubbles I think the obvious one is crypto. Bitcoin is a speculative asset that will never have cash flows. It isn't going to be the medium of exchange. Companies are taking out debt to put it on their balance sheets. That is pure speculation.

Aren't you speculating here?

[stbugs 3,374]

38 minutes ago, hooter311 said:

It's 2021 and I'm sure big tech is done for good.

Trade your computers for guns!

So true. Also, tech is a terrible word. It’s so ridiculously broad that it’s almost silly.

That said, I agree wholeheartedly. There is an expectation on stocks sometimes that they all “come back” and it’s always funny when you see Bezos’ comment about them going out of business taken out of context. The point is that some stuff goes away and new things take their place. What doesn’t happen is new innovations being replaced by old ones. Unless one of those apocalyptic scenarios happens, we won’t be going back to rotary phones or having to put a disc or tape in to watch a movie or go to a mall because we have to buy something or go to a bank to deposit a check. Innovative companies drive the biggest returns whether biotechs or restaurants or software or energy or semiconductors or car companies or whatever. Back in the 90s, no one would have ever thought Cisco, AOL, Dell and Intel would ever be also rans, but they are even though damn when they were hot back then they were hot.

[General Malaise 27,539]

After today's beating I'm going to make myself drink prune wine and eat a urinal cake.  

[Bob Sacamano 10,009]

2 minutes ago, General Malaise said:

After today's beating I'm going to make myself drink prune wine and eat a urinal cake.  

Seems redundant.