Lol. I’m very seriously thinking about selling. It’s only 200 shares so it’s not making me rich even if it doubles from here and I’ve seen lots of resistance at $30/high $20s only to drop a lot. Based on premarket, I’m up 150%/$3200. For a random bunch of SPACs @BassNBrew and I were buying this summer, that’s a nice return to lock in.
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Stock Thread (18 Viewers)
- Thread starter St. Louis Bob
- Start date
BassNBrew
Footballguy
I'll probably sell. I added TRNE and IPOF yesterday. May double down on TWTCU today. GHIV is finally headed in the right direction.
Capella
Footballguy
amazon is green pre-market almost every day and immediately goes red at the bell. Cc:
BassNBrew
Footballguy
BassNBrew
Footballguy
I almost did 29.75, which would have hit but I didn’t want to be greedy. A lot of these hit daily highs at open and drift down.
LOL. Just looked, it must have opened at $29.50, filled at that.
BassNBrew
Footballguy
Yep. Great run. I’ll take $3580 for a few months. It’s luck of the draw with these SPACs but they are fun when they hit.
Nigel
Footballguy
beef
Footballguy
$31 looks pretty good. But so does real profits in our pockets. I got back in from a seeing @ericttspikes and others talking about it a couple of weeks ago. 120+%
You all are going to make it a banner f'n christmas at the beef family. Cartons of cigarettes for everyone. Smoke up kiddos!
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Nigel
Footballguy
I hear you. I'm that guy who goes up big early at the blackjack table but can't walk away, until three hours later when I've given it all back and I've reached my daily withdrawal limit at the ATM. What I need to do is take stocks I've sold for a profit off my watch list. I made $8K on this one...should be happy (and I will be in a few on the ride home from the casino) but I'm a degenerate gambler.
Not sure about you but I’m trying to only buy this stuff in my IRA. I held on to TTCF because of the tax hit of short term gains and limits to get whacked even on long term. In my IRA it’s a no brainer. I like their future but if a $10 SPAC gets to mid $20s, take it and run.
Nigel
Footballguy
Same here.
And let me add I appreciate all the info you guys provide, the account I'm playing with is 90% tails from this thread and doing very well.
Yep. Even with that Amazon boat anchor of 72% gain this year, I believe I may be at about 100% gain for the year. I’ll be the first to admit I trimmed some TTD at $234 and it was a terrible mistake but I still kept a lot and it would keep you up at night if you worry about every lost gain. You can’t time everything perfectly and you tend to ignore what you did right. I sold most of my FSLY at $135, the day before they announced TikTok revenue would be down and got hammered. Sold most of my ZM at $570 on the exact day it peaked.
It’s been a helluva year and it would be dickish of me to not enjoy the returns.
ericttspikes
Footballguy
Sold 500 of LAZR @ 31 and will keep the free 750 rolling. Took my profits and added to SE.
Lomez
Footballguy
NajehHejan
Footballguy
Tailing you guys on LGVW - looks very promising - in at 15.92
Also took positions in:
CHMA @ 4.65 (Pharma play - looks like nice upside - recent FDA approved product, sales started in Sept - flush with around $175MM in cash due to recent offering - predicted annual sales of $300M are thought of by many as too conservative. Several firms have $10+ price targets
OPTN @ 4.57 - similar pharma play to above, but not as juicy looking, but still very promising. Big ENT market
ABUS @ 4.03 - another pharma play - I'm a sucker for these - I know a random internet guy (not from FFA) that is HUGE on this - kind of tailing him - don't understand much on this one, kind of random gambling
CLDR @ 12.72 - up almost 10% on great earnings and sales - announced a big stock buyback plan - some nice insider buys - bright future tech company - this is the kind of stock you look at in mi-2021 and say "of course it's over $20, why didn't I dump my whole 401K into this one"
Also took positions in:
CHMA @ 4.65 (Pharma play - looks like nice upside - recent FDA approved product, sales started in Sept - flush with around $175MM in cash due to recent offering - predicted annual sales of $300M are thought of by many as too conservative. Several firms have $10+ price targets
OPTN @ 4.57 - similar pharma play to above, but not as juicy looking, but still very promising. Big ENT market
ABUS @ 4.03 - another pharma play - I'm a sucker for these - I know a random internet guy (not from FFA) that is HUGE on this - kind of tailing him - don't understand much on this one, kind of random gambling
CLDR @ 12.72 - up almost 10% on great earnings and sales - announced a big stock buyback plan - some nice insider buys - bright future tech company - this is the kind of stock you look at in mi-2021 and say "of course it's over $20, why didn't I dump my whole 401K into this one"
caustic
Footballguy
Capella
Footballguy
Owned and sold this and Tesla at various points this year and missed turning a very nice profit into like a 100k profit.
Lomez
Footballguy
Replace Tesla with SQ, and I'm right there with you. I still own SQ, but I had a lot more and just made the wrong call on what I thought would be opportunities to buy back in lower.Owned and sold this and Tesla at various points this year and missed turning a very nice profit into like a 100k profit.
FUBAR
Footballguy
Just became the #1 holding in my Roth, eclipsing AMZN and AAPL today.
It's my top individual holding.
still only like 2% of our portfolio
JAA
Footballguy
AMEN bother.
I got the ORRCF recommendation from here in the stock thread, but I cant find the original pimp. Whomever recommended this gorgeous copper stock, TIA - Im up 85%!
I still can’t fathom Snowflake’s valuation. $150M of revenue in the last quarter and P/S is almost 200. That’s right, 200.
It may be the most expensive stock looking at revenue for any company that isn’t pre-revenue like a Moderna.
I’m enjoying the run up this year but I can’t see how any analyst can say with a straight face that some of these valuations are ridiculous. I’m not even talking about all tech stocks, just some of these astronomical ones.
It may be the most expensive stock looking at revenue for any company that isn’t pre-revenue like a Moderna.
I’m enjoying the run up this year but I can’t see how any analyst can say with a straight face that some of these valuations are ridiculous. I’m not even talking about all tech stocks, just some of these astronomical ones.
Don Hutson
Footballguy
I just bought into CYDY at $2.35. Looking for a little Friday afternoon rise.
Lomez
Footballguy
I ran a screen at Fidelity, P/S 7.28 and above and only companies with more than $37.69M in revenue (Those are canned numbers. I didn't set them).
513 results. They are currently #5, though it shows their P/S as 115.37.
And yes, MRNA is #1. They actually show $246M in revenue.
ericttspikes
Footballguy
is way under. Their market cap is $109B. Divide by $500M and it’s 218. Moderna is crazy as well and I own CRSP, but I’d put those squarely in the pre-revenue bucket. They may have revenue but that’s like partnership investments that they have to record as revenue versus SNOW which already has a product being sold.So, we have 4 pre-revenue Biotech type companies, 2 of which are tied directly to CV-19 vaccines and a database/analytics company whose P/S is 3 times more than any other software/cloud/tech company in the world. Is it overvalued, hmm, maybe.
Think about it. It’s up around 10x the original IPO price before they realized it was so oversubscribed that they could triple the price with no issue. It’s then tripled from there all based on being hot. The quarter they just reported wasn’t special, it’s what was expected two months ago when the valuation was expected to be $10B.
If there is any type of dip or if they miss revenue at any point in the next 12 months the stock should crater 50% in a day. No thanks.
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NajehHejan
Footballguy
Do you all think this is a good entry point for PLTR? Has been on a downward tank since the Wed before Turkey Day
ETA - in at 23.87 - it's only money
ETA - in at 23.87 - it's only money
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My other stocks aren’t doing quite that well, more like 1.5% up for everything else. That said, I’m not worried at all. Went through a lull earlier in the year from mid April to early June when it was flat and seemed to be lagging everything else when stuff was opening back up. The next two and a half months it went up 40%. It’s been down around 10% from that high, but I think when Q4 numbers start rolling back out it’ll jump a bit.
I know you are just joking but the giant tech type companies can’t go up 5x a year anymore but they also are likely to hold up a bit better on a dip because they aren’t crazy valued. That said:
FB up @ 30% YTD, AMZN 70%, AAPL 70%, GOOG 30%, NFLX 50%
Looking at the FAANG stocks, only Apple has done as well although all have had a good year.
I bought my first slice a couple days ago at $21.80. I want to build up a position, but I feel like it’s going to sit around here for awhile and maybe have some more dips. If it drops below $20, I’ll likely finish filling the position. If it stays around here I may slowly keep building.
BassNBrew
Footballguy
BassNBrew
Footballguy
Lomez
Footballguy
You don't have to convince me. I was just curious how it would shake out.
So, we have 4 pre-revenue Biotech type companies, 2 of which are tied directly to CV-19 vaccines and a database/analytics company whose P/S is 3 times more than any other software/cloud/tech company in the world. Is it overvalued, hmm, maybe.
Think about it. It’s up around 10x the original IPO price before they realized it was so oversubscribed that they could triple the price with no issue. It’s then tripled from there all based on being hot. The quarter they just reported wasn’t special, it’s what was expected two months ago when the valuation was expected to be $10B.
If there is any type of dip or if they miss revenue at any point in the next 12 months the stock should crater 50% in a day. No thanks.
Lomez
Footballguy
I did some toe dipping a couple of days ago as well. Also wrote 10 Feb $17.50s. Tried to write 20, but the other 10 didn't fill.
General Malaise
Footballguy
Boy, uranium stocks are MOVING today. Weird.....metal still dormant.
BassNBrew
Footballguy
Congrats. Glad to see you put your money on a winning CEO.Bought some Tesla this afternoon. Just can’t go without.
Capella
Footballguy
Like the company, hate the price. One of a handful of stocks I thought about buying in March and really regret not buying. It was around $350 pre-split, SMH.Bought some Tesla this afternoon. Just can’t go without.
