Capella
Footballguy
The hardest part of this is just staying patient and having a belief in what you’re doing.
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Stock Thread (21 Viewers)
- Thread starter St. Louis Bob
- Start date
Pipes
Footballguy
My problem is I'd like to average down on about 1/4 of my portfolio. EBS, GAN, HGEN, NNOX and QS are all "good" average down candidates for my. Just gonna be patient and free up some cash to get some more QS and perhaps HGEN.
McBokonon
Footballguy
Especially if your first experience buying individual stocks was last year because now you have completely unrealistic expectations on what should happen.
Ok, just pulling out my imaginary wallet to add a little funding. I may not be able to buy a few million apiece, maybe just a couple million. YOLO!
Yeah, I stopped selling because I didn’t want to incur too many capital gains to jump levels. I probably should have bailed on it and bought back in but this was one of the short term buy mistakes in my taxable account. It’s now a long term buy LOL!
JB Breakfast Club
Footballguy
Added some EBS at $69.
I also added some more RVLV during their midday dip under $50. I wanted some retail exposure back in March and chose this one. Today they announced an initiative focused on sustainability and inclusiveness. I like the vibe.
I also added some more RVLV during their midday dip under $50. I wanted some retail exposure back in March and chose this one. Today they announced an initiative focused on sustainability and inclusiveness. I like the vibe.
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RVLV was on my watch list I think back last summer. Would have been a nice buy.
I added some DNMR and UPST as I hadn’t filled my positions and they’ve dropped recently, so lowering the cost basis. I just sold two post merge SPACs that weren’t true long term holdings to fund the purchase so I still have a nice cash stack to watch the market. Not sure I see a big positive catalyst yet since even the cyclicals like retail have shot up (RVLV is up 5x from last year’s bottom). Even that stuff doesn’t seem “cheap” right now, so likely continued buying opportunities.
IC FBGCav
Footballguy
I'm still holding them all. They are long term plays, so I just think of how much difference they will make in my portfolio value when they are up 25%. Positive thinking!
eaganwildcats
Footballguy
I've got this coming out of my eyeballs. Common, calls, call spreads, everything. Fingers remain crossed.
Desert_Power
Footballguy
Starter positions in AXON, PLNT, COUP, and LRCX today because I have too much cash.
2Squirrels1Nut
Footballguy
Truer words haven't posted in this thread for a long time. If you are here expecting to double up on a stock in a few days, or even a few months, you need to realize this isn't a casino. And that's a good thing.
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2Squirrels1Nut
Footballguy
-OZ-
Footballguy
I'll probably buy some more tomorrow. My attempt to buy more SAENF failed as my limit price apparently was too low. That one has hurt after being up a lot.
Dwayne Hoover
Footballguy
eaganwildcats
Footballguy
Had some April (oops), now have some May and August. May is going to be tight, so August is probably what I’d do if adding more.
Honestly, I think the issue is the addressable market. I said it before but the same analyst that put a $30 something price on it recently (also works for a company that handled the secondary offering, so a little conflict of interest) was the one who had a $25 target on the stock pre-vaccine. I think someone mentioned that while they hit the end point, it was also a limited slice. I think that pop from the news then turned into a what does this really mean. Buy the rumor, sell the news. Vaccines continue to roll out and if J&J gets back going as well we can only hope numbers dwindle.
I honestly don’t know why CYDY has held up so much better. They may just have a better following. GME is still above $150 and a joke alt coin is all the rage so investing right now is a bit of a mystery.
identikit
Footballguy
Dwayne Hoover
Footballguy
May and August. Definitely more confident in August but May is super cheap right now
JB Breakfast Club
Footballguy
A sea of red on 4/20 is not cool
Nick Vermeil
Footballguy
I don't see how EBS recovers in the short term with all the bad press. I'm out, will reevaluate when they can go a few days without appearing on the front page of the NY Times.EBS
Damn, I was slightly positive but that turned quickly. Glad my last three buys were all done by selling other stuff I didn’t want so no new cash used.
It’s a little tough to watch but in a year or a few years some of these stocks are going to have been super bargains. It’s definitely starting to feel like last March.
It’s a little tough to watch but in a year or a few years some of these stocks are going to have been super bargains. It’s definitely starting to feel like last March.
Capella
Footballguy
Last March?? Holy crap it feels nothing like that at all. It’s two bad days dude, not -40% drops.
fruity pebbles
Footballguy
beef
Footballguy
Yep. Days like this can be hard to look at, but you can't have bargain shopping without them. I might be down 7% this week so far. Trying not to focus on that, and instead, where to deploy some cash.
Capella
Footballguy
caustic
Footballguy
Seems like PLTR and BLDP have followed the exact same pattern lately. Just can't get any momentum going, always falling back to this low $20s range.
Capella
Footballguy
FreeBaGeL
Footballguy
Most post merger SPACs are down anywhere from 50%-80% from their highs.
Pre merger SPACs are pretty much all on NAV now so just a matter of how high they were before.
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BassNBrew
Footballguy
I should have said “in certain sectors” but in terms of many stocks, they are down just as much from their highs as they were last March. Due to the rotation and the FAANG stocks doing well of late the overall market appears fine on the surface but a lot of the stocks I’ve bought and or want to finish positions they’ve been hit pretty hard. Some of my core holdings like OKTA are only down 10% from peak which isn’t much that’s common, but as you get further from the “named” stocks the harder the hit.
Capella
Footballguy
Desert_Power
Footballguy
Bought a bunch at/slightly below NAV a few weeks ago. Need to go hunting again today.
Dr_Zaius
Footballguy
The May calls are tempting as they seem quite cheap for a volatile stock, but as you say we are running out of time for a big move.
Capella
Footballguy
Last March felt like the end of the stock market to me. This is nowhere even close to that imo.
fruity pebbles
Footballguy
Yeah, not my game either but ARKK is down 25% with markets near all time highs, so there’s blood in the streets on some names.
ericttspikes
Footballguy
Yup. Getting hammered on my speculative plays recently, but still up $260k from last year at this time. Now if the other shoe drops and we get a broad based market implosion.......
I bought a lot last March, wish I went all in, but I didn’t say I was concerned. It is tough now and was tough to watch last March as well. I definitely enjoyed a lot of what bought after it recovered. It just feels very similar to March for a lot of the not quite as established companies and like I mentioned, I feel like I’ll be happy with a lot of what I buy now given enough time.
Capella
Footballguy
Live changing money in the last year for sure. Two days of pullbacks isn’t going to scare me.
Yeah, it’s not the same overall. My 401ks have been doing happy dances lately and with contributions it feels like they are up nicely this year. Amazon is a pretty big buffer for me and I’m pretty good on cash so again, not like last March overall, just anything that has a hint of not being a favorite or a safe place to hide or a recovery play (some of these are pretty rich now).
ericttspikes
Footballguy
I'm interested how the huge disparity between the private equity market and the public equities plays out going forward. Stripe's last raise took it to $95 B and Rivian's last raise valued it at $50 B. Impossible for companies like this to go public in this environment. Huge private/public disconnect currently. Seems like private equity is on the wrong side but I have a hard time believing those guys will be wrong in the long run. 
steelerfan1
Footballguy
Well cap, that's the thing. I really don't have a lot of knowledge. I think I have a handful of solid companies, but it is based on people saying they are good companies. I can't break something down like some of the pros here so I am taking their word, which is on me. I mean, we have AAPL, AMZN, MSFT, DIS type stocks that I feel comfortable holding for probably ever. It's the ones I took swings on just to use some of our cash, and that happened to be just as the market started pooping.
Again, I have about 8 years left of working, so I'm not overly panicked.
