Based on these results, I’d pass. For a time when people are eating healthy and eating at home, that’s not good at all. TTCF seems to be feeling that affect of BYND. Back on 10/6 TTCF posted their preliminary earnings for Q3 and got a 5% pop. They are down 4% AH because they officially announced the same results. They are in that healthy/alternate food sector like BYND. That said, I brought up TTCF because they had a great quarter in the same sector so this revenue and earnings miss (remember most companies have been exceeding) is not a good sign. They missed revenue estimates by 30% so the stock being down only 20% might be a bad indicator of an even bigger hit tomorrow. AH isn’t alway accurate and with all the exceeds that’s an awful miss.Entry point or pass?
The reason is because when they were at ATH's before Disney+ had like 2 million subscribers and now it probably has almost 70 million (we'll get the exact numbers at earnings but it was well over 50 million already a few months ago). Disney+ has had 10 years of growth in the 10 months since the stock was last at ATH's.Yeah but Disney's growth at this point is just basically returning to their pre-covid levels, right? So I don't understand them being almost at ATH when they're a long ways off from even getting back to where they were. I don't get it.
I'll start with the usual note that you're obviously much more knowledgeable about investing than I, but I'm curious as to why you think earnings are going to hurt the stock so much when they didn't last time?Yeah it has only been a few month Capella......give it time. The earnings will be the story Q1
Let’s see what happens.
If I am wrong...that is ok. But I see nothing wrong with taking a nice chunk of profit off a great trade on this.
A LOT of those 60MM are "freebie" users like myself (mine is thru Verizon). I won't be renewing. I won't be alone there.Here's a hypothetical.
Disney+ was supposed to be a drag on Disney's bottom line for FIVE YEARS. What happens if Disney comes out at earnings and says Disney+ is profitable now, already?
When they projected 5 years to profitability they said they would need minimum 60 million subscribers to turn a profit and that it would take 5 years to hit that number. Instead they will now almost certainly announce at this quarter's earnings that they have over 60 million subscribers right now. Whether that means profitability or not I'm not sure, but if they announced that would anyone care about the very temporary parks revenues change?
Fair point. According to Iger 20% of subs are from the Verizon deal.A LOT of those 60MM are "freebie" users like myself (mine is thru Verizon). I won't be renewing. I won't be alone there.
Not to say they're doing badly, but be careful accepting subscriber numbers on their face
Yeah, don’t compare it to Netflix yet. Outside of Mandalorian, there is no non-library type content we watch. Apple+ will be my first drop in December once my free year is up, but I might hop on for a month every time Ted Lasso comes out. Same with Disney and Mandalorian but at least Disney has more library content we watch occasionally. HBO Max and Prime are free but they’ve got more new content we watch. If I had to pay for both, I’d pay for Prime first. Netflix is a level above those. With the lockdown, I was fine paying for Disney because honestly, I am getting HBO, Prime and Apple+ for free. Disney really needs to add more good stuff.FreeBaGeL said:Fair point. According to Iger 20% of subs are from the Verizon deal.
Yeah I was talking about revenue generated, though it was admittedly a guess. I just did subscriber count * pricing = revenue generated, but I'm not sure the exact ratio since I don't know how how many D+ subscribers are subscribed to the expensive plan that includes Hulu/ESPN+ also. They have a little over 1/3rd the number of subscribers of Netflix.Yeah, don’t compare it to Netflix yet. Outside of Mandalorian, there is no non-library type content we watch. Apple+ will be my first drop in December once my free year is up, but I might hop on for a month every time Ted Lasso comes out. Same with Disney and Mandalorian but at least Disney has more library content we watch occasionally. HBO Max and Prime are free but they’ve got more new content we watch. If I had to pay for both, I’d pay for Prime first. Netflix is a level above those. With the lockdown, I was fine paying for Disney because honestly, I am getting HBO, Prime and Apple+ for free. Disney really needs to add more good stuff.
Not me. I was thinking about it a few months ago but that report was bad. Stock’s down 20% and they missed their revenue target (most people have been exceeding) by 30%. Seems like it’s got more downside to me and I don’t get the CV impact. Seems like all the people buying grills and eating in/take out would be perfect for them. Real sit down restaurants got hit more and I don’t think that’s their sweet spot. I’d think it’s either competition or maybe people aren’t really loving the product as much.Anyone tempted to add BYND?
Todem, at what price would you recommend starting to add some BLDP and MDU?Love these companies. 3 of them are super growth companies (BLDP, TSCO, CLCT) and MDU is a great infrastructure/power/gas/ultity planet with a nice growing dividend. And of course that one is going nuts today. As well as BLDP. Wait for a pullback on these two. BLDP will be a 10 bagger one day. Mark that down. MDU is a 30% type upside over the next 12 months.
Saw it lower and it bounced back. Down again. I’ve now reaquired what I sold at 3250 and 3350. Sitting on lots of powder after yesterday’s saleathonWhy? It’s down more now.
For a 5 year hold, absolutely but I’m sitting on my cash for now and also not selling anything in particular yet. FVRR definitely my stock that’s gotten hit the most but I’m about even still since I bought at $121 to start.FVRR getting hammered, anyone who follows it like it at these levels?
On a general view, definitely seeing some stocks I’d like to buy. I’m getting hammered overall just because I’m heavy in the tech space. I don’t see myself suddenly going for cruise ships and travel stocks, but I’m starting to watch more carefully for longer term bargains where maybe I’m not fully in now. Tech has definitely had floors where people jump in this year several times this year. I think the vaccine changes things a bit, but again most innovations aren’t going away and I’m not going to suddenly like a cruise. I do think company travel and WFH will permanently dent some things.FVRR getting hammered, anyone who follows it like it at these levels?
Like clock work. I’ve halved my position. We’ll repeat this next quarterBassNBrew said:Setting my dht sell price at 5.45 to 5.50. I’ve got a bunch recently purchased at 4.80
In my trading account I'm all cash. I don't touch my mutual funds but just waiting to find something.I'm building quite the cash balance in my day trading brokerage account after clearing out NRGU, FAS and DHT yesterday and today. No plans to deploy it anywhere yet.
If you can and the tax bill is lower than it would normally be then I would do it. My wife and I work and haven’t been affected so we can’t do Roth. I’ve definitely thought about doing that transfer down the road if I’m not working anymore or we are retired but not collecting SS. If the tax to convert is less than you are paying on normal IRA withdrawals then I would definitely consider it. Kind of the best of both worlds in that as a dual income, 401ks/traditional IRAs are one of the few way to take income off the table and all that comes off the table is always at your highest bracket. If you can slide it into a Roth when your tax brackets are much lower then it’s a win win. I think there’s a limit so you might not be able to do it all this year.Anyone here have experience converting an existing IRA to a Roth?
Short version, business doing poorly this year due to Covid. It's set up as a S-Corp, likely break even to small loss. My wife is a teacher, so our taxable income will be a small fraction of what it normally is. I have some rental properties spinning some income off, but we will barely even hit the 22% bracket I'm guessing. Considering converting some IRA funds to Roth and eating the tax bill this year when I can take on ordinary income at a lower rate than I likely ever will again. Has anyone done something like this before?
My wife and I had traditional iras (401k rollovers from previous jobs) that I converted a large portion of them to Roth’s this year. Didn’t have as much to do with what tax bracket we were in as it was that I did a lot of it back in March/April when a lot of the funds they were in were down so our taxable bill would be less since it’s taxed as ordinary income. I just did it all online with Fidelity in several chunks as certain funds or stocks were down at that time. It was pretty easy once I made the decision to do it. My thinking overall is the same reason I started to contribute to a Roth 401k instead of a regular 401k this year - ideally i want to have a 50/50 split of pre and post tax funds at retirement so I can try to be smart with when and how I draw from those accounts at retirement, and my regular 401k has a big lead on the other accounts at this point, plus I figure tax rates probably aren’t going down.Anyone here have experience converting an existing IRA to a Roth?
Short version, business doing poorly this year due to Covid. It's set up as a S-Corp, likely break even to small loss. My wife is a teacher, so our taxable income will be a small fraction of what it normally is. I have some rental properties spinning some income off, but we will barely even hit the 22% bracket I'm guessing. Considering converting some IRA funds to Roth and eating the tax bill this year when I can take on ordinary income at a lower rate than I likely ever will again. Has anyone done something like this before?
Down to $81. I may wait and see where it goes because I think there’s still downward near term pressure for most of my stocks. They exceeded on everything for the quarter and for the next quarter guidance but a booking or billing number was lower than estimates. Not sure what that means but it’s doesn’t appear to have changed their outlook for the year/Q4. One of those looking for something not perfect IMHO. Still growing well and the two new partners (Microsoft and Google) can only help future growth seeing as how those partnerships aren’t likely driving a ton of business until 2021.DDOG will be at a nice discount tomorrow. A couple weeks ago, after announcing a partnership with Microsoft (announced one with Google AH) it hit $118. Beat estimates handily, growing at 61%, but down to $83 AHs. That Microsoft announcement, and Google weren’t material to last quarter. Baby definitely getting thrown out with the bath water now. I bought at $38 in March but if it dips below $80, I think I’ll be looking to add some and let it ride for a few years.
Yeah, I still like it a lot. Probably should have bought more yesterday. The shift to the gig economy is not stopping, even if it may decelerate should we meet the optimistic vaccine timelines reported the last couple of days. It is growing fast globally and has really attractive margins. I think it will be the winner in this space. Unlike Uber/Lyft, there isn't the equivalent of autonomous vehicles out there to disrupt their current model of matching consumer/producer of the gig.FVRR getting hammered, anyone who follows it like it at these levels?
How much customer service and/or complaint resolution do they have to do? A lot of these internet companies that act as a middleman have to have large workforces to handle customers and vendors. Profitability isn't automatic. I wonder if FVRR is similar to Booking.com, airbnb, eBay, Uber/Lyft, etc. in that regard?Yeah, I still like it a lot. Probably should have bought more yesterday. The shift to the gig economy is not stopping, even if it may decelerate should we meet the optimistic vaccine timelines reported the last couple of days. It is growing fast globally and has really attractive margins. I think it will be the winner in this space. Unlike Uber/Lyft, there isn't the equivalent of autonomous vehicles out there to disrupt their current model of matching consumer/producer of the gig.
I see the potential there for this to replace large swaths of the contractor business, which is a huge market. I personally hire contractors and work with recruiting firms to do so. The margins that these recruiting firms make are ridiculous and it would be much more efficient to hire for the specific task instead of for a fixed period. Unfortunately, my company is really behind the times and restrictive on access so I doubt we would ever get to use a company like FVRR. I have read that more and more large companies are finding ways to make it work.
NNOX has been a trooper lately. Up $2k on it but based on this:Sold the SE I bought yesterday at close for a 7.5% gain. If Amazon crosses 3125, those shares picked up yesterday are gone. Also looking to trim some NNOX.
Since you guys seem to know what you're doing, just sold the 300 I bought 2 weeks ago (30%).stbugs said:NNOX has been a trooper lately. Up $2k on it but based on this:
https://seekingalpha.com/article/4383997-nano-x-imaging-novel-technology-outdated-technology
I decided to sell my 200 shares. Nice profit (36%) for a couple months.
I've just been holding this one. Sitting at 45% gain. I see no compelling reason to sell (but then again I don't do short term trading).BassNBrew said:Sold the SE I bought yesterday at close for a 7.5% gain. If Amazon crosses 3125, those shares picked up yesterday are gone. Also looking to trim some NNOX.
I’m not a short term guy either but I realized how much it had gone up in the past week or so and was happy getting out with a nice profit. Wanted to build up some more cash and like it or not, this one is a risky play. If the demo at the conference hits any type of snag, a drop back to mid 20s would be a blur. I don’t think FDA approval is any time soon so definitely more downside risk than upside. Either way, if you aren’t happy with the gain, stick with it. I looked and was and sometimes booking the gain (IRA so no tax implications) is a nice feeling.I've just been holding this one. Sitting at 45% gain. I see no compelling reason to sell (but then again I don't do short term trading).
Every article I read about stock picking and when to sell indicates, that on average, folks sell way too early. In fact, they've found that mutual fund managers do much better than average in buying stocks, but suck it up on the sell side.I’m not a short term guy either but I realized how much it had gone up in the past week or so and was happy getting out with a nice profit. Wanted to build up some more cash and like it or not, this one is a risky play. If the demo at the conference hits any type of snag, a drop back to mid 20s would be a blur. I don’t think FDA approval is any time soon so definitely more downside risk than upside. Either way, if you aren’t happy with the gain, stick with it. I looked and was and sometimes booking the gain (IRA so no tax implications) is a nice feeling.
I’d agree with you if this wasn’t a short term investment based on a recommendation in this thread. For the services I’ve paid for that recommended stocks for the next 3-5 years, I have been good at not selling early. The only time I sold early (I still have a lot of shares in the 3 companies), I wanted to diversify because they were way too much of my portfolio. They’ve all done well since then and the stocks I picked up have as well. I’ve also sold FSLY at $135, the day before it got destroyed and sold ZM in the high $500s on its peak day. Sold some TTD on Friday over $800. Sometimes when you sell early it’s not a bad thing. NNOX was not a long term hold and it had gone from being down 15-20% to up 36%. Any time a short term stock moves 50%, that seems like a good enough answer to the “what’s changed” question you had. If it was still at $24, I’d probably be still owning it. Good luck and keep rolling with it especially if you think it’s a long term hold for you.Every article I read about stock picking and when to sell indicates, that on average, folks sell way too early. In fact, they've found that mutual fund managers do much better than average in buying stocks, but suck it up on the sell side.
I look at it as - what's changed? I don't see a whole lot, so will hang on until that landscape moves
It is at this point, though not a big item. I have done pretty well with some of the items noted in here. CYDY (made 4x), DAL, DIS, QCLN, PPL, EXC, have all been good suggestions.I’d agree with you if this wasn’t a short term investment based on a recommendation in this thread. For the services I’ve paid for that recommended stocks for the next 3-5 years, I have been good at not selling early. The only time I sold early, I still had a lot of shares in the 3 companies and wanted to diversify. They’ve all done well since then and the stocks I picked up have as well. I’ve also sold FSLY at $135, the day before it got destroyed and sold ZM in the high $500s on its peak day. Sold some TTD on Friday over $800. Sometimes when you sell early it’s not a bad thing. NNOX was not a long term hold and it had gone from being down 15-20% to up 36%. Any time a short term stock moves 50%, that seems like a good enough answer to the “what’s changed” question you had. If it was still at $24, I’d probably be still owning it. Good luck and keep rolling with it especially if you think it’s a long term hold for you.
I bought in the middle of the drop and am finally close to even (in at 39.40). Was down 35%, don’t know if I should sell....any thoughts?stbugs said:NNOX has been a trooper lately. Up $2k on it but based on this:
https://seekingalpha.com/article/4383997-nano-x-imaging-novel-technology-outdated-technology
I decided to sell my 200 shares. Nice profit (36%) for a couple months.
If I was even still, I wouldn’t have sold but I was in at $28.50, so less downside risk for me. My decision was that it’s still a risky company that would get hit hard if the demo/FDA approval don’t come in good, so a $2k+ gain on a $5700 investment in 1-2 months was enough for me to not worry about higher upside. You’ve been upside down the entire time so you might be happy with even. I’ve got a couple more risky plays so if this is your only high risk play you might be fine riding it out more.I bought in the middle of the drop and am finally close to even (in at 39.40). Was down 35%, don’t know if I should sell....any thoughts?
Can’t imagine getting on a cruise anytime in the next 5 years. No way am I getting caught on one of those.Assuming cruise lines and possibly other travel will get dinged based on that cruise having a stay in your state room alert due to a positive CV test. It might make the reality of travel not getting back to normal until late 2021 real. It’s not next week. Heck, I still think travel itself will take quite a bit more to get close to where it was in 2019.
Exactly, which is why it seems premature that the vaccine cures all and does it tomorrow.Can’t imagine getting on a cruise anytime in the next 5 years. No way am I getting caught on one of those.