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Stock Thread (32 Viewers)
- Thread starter St. Louis Bob
- Start date
Definitely got lucky timing wise. I agree on the cash. I increased my cash a bit when I sold some AMZN at $3k, don’t worry still have plenty. If I ever sell all my CYDY (still have 2/3rds), I’ll be flush but the run up has been crazy. I’m glad we never got fully out. I’ve seen so many 10%+ pops this and last earnings season that I realized it’s way to hard to time things. Doesn’t mean it’s not smart to have enough cash just in case there’s a drop or a fantastic opportunity.
I think being in LVGO is better just because it’s popped so much in the past two months.
That said, I think it’s two really solid companies and if they do it right this could be an amazing company long term.
Big League Chew
Footballguy
what are the requirements to trade options?
CR69
Footballguy
CR69
Footballguy
Seriously though, I just had to fill out a firm with TDA and say I had years of experience trading (which I do) then I was allowed to light money on fire and have trouble sleeping.
BassNBrew
Footballguy
I really don't know. I just mentioned it because brk.b and Apple come up in many peoples holdings lists and they are kind of rowing against each other at the moment.
I'll go out on a limb and be a solo voice, but I'm not a huge Apple fan at the moment. I've much rather have/shift my money in Amzn at the moment and I was an Amazon seller in the $3k to $3.4k range. I should clarify, I still think it's a good company to own, I just think the valuation is high relative to what you are getting moving forward. Those Amazon results last quarter were huge and they are getting their hands into so many other areas. This satellite internet deal really has me intrigued.
cosjobs
Footballguy
That's my hope, too. It was in the 70s not long ago and analyst rating have a target of mid-50s
I’m not a big Apple fan based on the run up due to the split. They’ve gained 15-20% mainly due to a split. That’s frothy. At the end of the day a split is meaningless. A stock’s PE ratio isn’t going to be higher because the stock price is lower. I think Apple had a great quarter likely due to people spending the stimulus checks but their revenue had been flatter than most. Heck 2019 revenue was down from 2018. Amazon had a huge revenue bump as well but I think that’s a permanent shift that got kick started sooner.
The General
Footballguy
BYND recovered from its dip that I cussed by buying. Someone in here was talking about getting in if it dropped into the mid 120’s. They pretty much nailed that number, hopefully you got in.
Now let’s get a nice steady run up as people enjoy a delicious low fat and cholesterol, guilt free fake burger this summer.
Now let’s get a nice steady run up as people enjoy a delicious low fat and cholesterol, guilt free fake burger this summer.
+1. Sure, they finagled enough to keep a profit but Disney+ is a phenomenal success with CV and revenue is still down $10B (about 50%) and CV hasn’t gone away. They missed the revenue estimate by $1B.
The stock is down less than 20% from it's peak, which was a bit rich. It seems fairly valued right now as if this was a normal year. If you don’t think they’ll truly get back to normal until 2022, then it’s way too high.
Capella
Footballguy
I’m a definite believer in the company long-term, just thought I’d get a hack at it in the 110 range this quarter. Kinda don’t know what to do now because there has to be some pullback at some point. Movies aren’t filming, parks are barely open, cruises aren’t cruising. Maybe I’ll just wait for the next quarter.
BassNBrew
Footballguy
The General
Footballguy
Never mind. My ticker hadn’t refreshed from yesterday’s close
It dropped like a rock this morning. Here’s your chance!
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-OZ-
Footballguy
I'm selling the shares I have outside my buy and hold account. Which isn't a huge amount but I think this is overvalued now.
Capella
Footballguy
Charlie Harper
Footballguy
Got out of SE cause it was sitting in the 110s range and wanted a quick resolution in CYDY. DOH.$SE
Any reason for this latest bump up?
Punxsutawney Phil
Footballguy
Picked up some ezpw down 10%. When the $600 runs out pawn shops will be back in business.
hooter311
Footballguy
As an anti-dollar guy, my entire IRA accounts are currently 85% gbtc, 10% ethe, and 5% gdlc and I don't see that changing anytime before the end of the year.
Now, my risk tolerance is significantly higher than most and I wouldn't recommend anyone following me blindly into the night. But I would still recommend running towards crypto and not away from it.
Don't Noonan
Footballguy
B of A downgraded AAPL from buy to neutral on valuation but interestingly raised the price target from $420 to $470 at the same time.
cosjobs
Footballguy
CEO just gave an impressive interview on CNBC. He's easy to believe in. He also predicts that the next four months will be the biggest ever. I Want to believe.
McBokonon
Footballguy
Not sure, other than people are noticing it.
Bloomberg article out today with a profile, though
It’s possible we’re seeing a bit of a short squeeze, too.
cosjobs
Footballguy
I'm playing it like a precious metal, maintaining a %of my overall portfolio.
I have PMs at about 15% (up now due to price increases) and about 3% of Bitcoin. Looking to add to Bitcoin shares, but think a proxy position through PayPal may be wiser.
hooter311
Footballguy
Gbtc trades at a premium, but a much lower one than other grayscale products and it's trading towards the historic lows of that premium.
I think there's so much room for it to run yet, that you are shooting yourself in the foot by getting cute with anything else.
Now there is talk of coinbase going public this fall. Now that would be something I'm interested in getting behind.
Nugget
Footballguy
What makes Nikola different than Rivian, Workhorse, Lordstown, Fisker, Nio, or any other non Tesla EV company?
They have zero revenue and are playing in a capital intensive market where EV makes up 3% of vehicle sales.
I don't understand Tesla's value story - have they ever actually made money from automotive operations (Not just selling emission credits)?
BassNBrew
Footballguy
Chasing it and LVGO down. Amazing that this merger has benefitted neither shareholders.
cosjobs
Footballguy
BassNBrew
Footballguy
JerseyToughGuys
Tough Guy
I don't own either one. Kinda want a little TDOC. Good chance to take a position? Haven't digested what the "merger" actual means.
JerseyToughGuys
Tough Guy
JerseyToughGuys
Tough Guy
many many many easy options to safely "store" BTC these days.
If you trust a company like Square, you can just buy it via the Cash App and store it there. Many similar examples.
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BassNBrew
Footballguy
I personally think it's irrationally down. TDOC is the better entry if you expect an uptick as LVGO has cash priced in
I guess you should run the numbers...but Wall St computers should have that covered???
Definitely seems like a good chance. Combined their just released revenue growths for this past quarter are about 100% combined. Kind of an interesting way to basically buy two growth stocks that could be solid for the next 5 years. If they can gain some synergies, that would be even better.
The hard part is that they've both run up a ton. I bought LVGO at $60, which felt bad at first since I watched it sit at $20. Buying it at $130 or TDOC over $200 can appear daunting. I have 100 LVGO shares and no TDOC, so I'll have 60 shares of the combined entity and some cash. I sort of want some more, not sure.
BassNBrew
Footballguy
I really should keep my mouth shut on this subject. I just know too many people that have been ripped off on these coins and also paid large fees trading these coins.
BassNBrew
Footballguy
If you believe they have a better percentage change to go up from here, isn't the smart play to transition from LVGO to TDOC?
Punxsutawney Phil
Footballguy
Energizer missed earnings and is down quite a bit. Is Energizer going anywhere? Are those amazon basic batteries chipping away at the duopoly (rayovac doesn't count).
cosjobs
Footballguy
-OZ-
Footballguy
It's a good time, but it's at the same level it was on July 27, July 14, and still higher than it had ever been before July.
JerseyToughGuys
Tough Guy
Thanks doots.
I am now the proud owner of some TDOC.
I am now the proud owner of some TDOC.
