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Stock Thread (11 Viewers)

stbugs said:
I’m glad I dumped my two Chinese stocks a while ago. One was way up and I watched it sink and the other I at least got almost a double, but both are way down. I remember when BABA below $200 was considered a bargain this summer and now it’s one more bad day way from 2 digits.
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I got crushed this summer. But the upside here is tempting and I have a better idea of the risk now. 

 
beef said:
Same here.  I usually love days like this, have my eye on a few buys, but no action yet.  
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Yep, I added small amounts over the past couple months but largely was selling to build up cash. Wish I did more of that than I did but glad I did. I might sell a few more losers to get more battered stocks I believe in more. 

 
Silver lining - one of my twice-per-month auto invests happens on the 4th of each month, looks like I'll be getting some stuff on sale today.

I did pick up a few more shares of SOFI as well.

Other than that....ooooof.  PFE and TSCO about the only holdings doing alright today.

 
I'm not waiting for todem's blessing. Bought a sliver (not a tranche) of OLLI and DOCU. Accumulated some more LAZR because I am an idiot. Buying FLGT calls.

 
Sold $SEMR for a loss- will watch but I don’t like they don’t have options yet, which I use a lot in this environment.

Started $MELI

 
pecorino said:
Nibbling on DOCU or OLLI after this morning's slaughter? Asking for a friend.
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Ooooof now those two are blood baths.

Absolutely no on OLLI

DOCU.....I would sit back....see how it opens Monday. But that would be a nibble candidate. Even today...just a nibble. The issue with DOCU is their margins stink. I mean really stink. But.....this is a massively oversold stock today. 

 
Nibbled into SHOP and NVDA

So......had lunch with a good friend yesterday and Crypto was our topic......all I am going to say is...I downloaded COIN. 

I am checking all this out. And I am looking at COIN as a stock right now.....it has been slaughtered but fundamentally speaking.....if you believe in crypto this is a cheap stock in the space. They are the trailblazer as far as a platform to trade this.......whatever you want to call it.

As far as CRYPTO itself........swim at your own risk. It is a parallel universe of code.....it is the ****ing Matrix man. It is pretty mind-blowing what is going on in that market of a completely unregulated.....phantom commodity. 

Pretty overwhelming as I really dig into what in the world is going on in that pandoras box. 

There are people that are convinced this is the death of the dollar and crypto will take over the world......ummmmmm no. That is why it feels so dangerous and like a monstrous not house....but entire city of cards that can burn to the ground at some point. 

Just incredible what is taking place in that area of speculation. It is like a new casino with new table games. 

Step right up.....and pick your games (currency) to trade. 

Please folks......be extremely careful. Be willing to lose every penny you put in that asset class at some point. 

 
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Dwayne Hoover said:
Yikes, are we in a bear market
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God no. The absolute froth though is going off a lot of these high flying stocks...and when that happens look for the real quality in that space (NVDA, SHOP, CRM, ADSK)

When it infects the bluechips.....that is when you really get greedy. And it has been doing that. Industrials and materials getting hit....consumer discretionary...ooof. 

Sit tight. Cash building is what we did...and will continue to do. Keep plowing your money into your 401K’s.....we are going through a recalibration and will have a very bumpy ride in 2022.

When it happens is anyones guess.....the markets move incredible fast now. down 5%....up 5%....down 10%.....up 7%.....down 15%.....up 30%.....this is the new normal in the world of digital trading. 

Once the leverage starts coming off....and the margins call....that is when you start seeing the real damage and “capitulation”. 

We are not there yet...but it’s coming. 

 
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The cancers that are NNOX and AI are no longer.  Hate selling on such a down day but I have a lot more faith in other companies rebounding than I do these two.  

 
I know the concerns around China stocks, but BABA is now all the way down to the point where it is only worth 68% more than its IPO price.

Since IPO, revenue has grown by 1200% and net profit by 500%.

 
Todem said:
Nibbled into SHOP and NVDA

So......had lunch with a good friend yesterday and Crypto was our topic......all I am going to say is...I downloaded COIN. 

I am checking all this out. And I am looking at COIN as a stock right now.....it has been slaughtered but fundamentally speaking.....if you believe in crypto this is a cheap stock in the space. They are the trailblazer as far as a platform to trade this.......whatever you want to call it.

As far as CRYPTO itself........swim at your own risk. It is a parallel universe of code.....it is the ****ing Matrix man. It is pretty mind-blowing what is going on in that market of a completely unregulated.....phantom commodity. 

Pretty overwhelming as I really dig into what in the world is going on in that pandoras box. 

There are people that are convinced this is the death of the dollar and crypto will take over the world......ummmmmm no. That is why it feels so dangerous and like a monstrous not house....but entire city of cards that can burn to the ground at some point. 

Just incredible what is taking place in that area of speculation. It is like a new casino with new table games. 

Step right up.....and pick your games (currency) to trade. 

Please folks......be extremely careful. Be willing to lose every penny you put in that asset class at some point. 
Click to expand...
The end is near...

 
Todem said:
God no. The absolute froth though is going off a lot of these high flying stocks...and when that happens look for the real quality in that space (NVDA, SHOP, CRM, ADSK)

When it infects the bluechips.....that is when you really get greedy. And it has been doing that. Industrials and materials getting hit....consumer discretionary...ooof. 

Sit tight. Cash building is what we did...and will continue to do. Keep plowing your money into your 401K’s.....we are going through a recalibration and will have a very bumpy ride in 2022.

When it happens is anyones guess.....the markets move incredible fast now. down 5%....up 5%....down 10%.....up 7%.....down 15%.....up 30%.....this is the new normal in the world of digital trading. 

Once the leverage starts coming off....and the margins call....that is when you start seeing the real damage and “capitulation”. 

We are not there yet...but it’s coming. 
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really appreciate your updates, particularly in down markets. 

 
FreeBaGeL said:
I know the concerns around China stocks, but BABA is now all the way down to the point where it is only worth 68% more than its IPO price.

Since IPO, revenue has grown by 1200% and net profit by 500%.
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I wouldn't touch any Chinese stock due to delisting concerns.  I also don't trust any of their numbers. 

 
Todem said:
So......had lunch with a good friend yesterday and Crypto was our topic......all I am going to say is...I downloaded COIN. 

I am checking all this out. And I am looking at COIN as a stock right now.....it has been slaughtered but fundamentally speaking.....if you believe in crypto this is a cheap stock in the space. They are the trailblazer as far as a platform to trade this.......whatever you want to call it.
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I look right now at COIN as the Visa of the crypto world.  They are positioned to have the greatest hold on the order flow out there.  I also bought VYGVF (Voyager) as hopefully the DFS in the space.

 
Sand said:
I look right now at COIN as the Visa of the crypto world.  They are positioned to have the greatest hold on the order flow out there.  I also bought VYGVF (Voyager) as hopefully the DFS in the space.
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I added to my COIN position today. Probably more downside ahead but I'm a believer.

I really like their "Project 10 Percent" philosophy of spending 10% of their internal resources focusing on continuous innovation. 70% of the time focused on core work, 20% on strategic bets, and 10% on innovative experimentation. Every quarter they evaluate these projects. Not all 10 Percent projects will make it. That’s by design. If they all succeed, they feel they weren’t thinking big enough. But the ones that do succeed they believe will have 10x impact and fundamentally move the crypto industry forward. They claim their most successful products today started as disruptive bets and wanted to codify that philosophy internally. A lot of sharp people work there.

 
I own SHOP and bought in early in. I'm seeing some of you dipping in a again. At its current price you guys don't feel it's too high?  What are your targets for it?  Amazon worth?

 
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