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Stock Thread (12 Viewers)
- Thread starter St. Louis Bob
- Start date
ChiefD
Footballguy
I think I'm going to hold this one. They haven't sent out a press release yet for the acquisition, so I would think there will be a bump there in the next couple weeks.
After that, not sure. PKG actually manufactures products and has some revenue, plus CBBT has an Alzheimers device they are working on.
-OZ-
Footballguy
Crazy. My largest account is up 10% in January. That’s on top of the awesome 2020 return and that’s also without hitting on any of these crazy stocks. It’s why it’s so hard to trim until it’s probably too late.
Wish I bought more and way earlier. MF recommended them around $30 or $40 but I didn’t buy because it wasn’t in the “portfolios” I had just in the general SA or RB. Bought 30 when it went back down to $180. Should have just doubled it and made it a full position. Did the same with SQ at $150. Didn’t buy a full position but wish I did right there. Didn’t expect this to keep rolling but it has.I might have exceeded my stated maximum exposure here.
I'll allow it.
Big League Chew
Footballguy
in on NPA - space stock
Rocketship me to the moon Cathie
Rocketship me to the moon Cathie
-OZ-
Footballguy
Totally get that. I mean, in hindsight I wish I had put everything in Tesla, SE, NIO, etc. But that's not my style. I try to keep things 80% broad market, 20% selected sectors and individual stocks, no more than 5% in any one stock. I'm over the 5% and 20% rules now. But don't want to sell SE.
randall146
Footballguy
FUSE spac up 10%on rumors of acquiring BlockFi crypto-services
VGAC spac up 5% on ???
VGAC spac up 5% on ???
BassNBrew
Footballguy
10.2% at the moment. Pretty amazing considering the boat anchor we are lugging around. I now consider owning amazon like fighting with one arm tied behind your back. Guess we have to leave some meat for the rest of the market.
I would have taken 10% for for the year after a double up last year last year. Tempting to sell everything, go to cash, and call it a successful year.
I sold my GBTC this morning for a 11% profit in 2-3 days. I'm selling SE in 2 share increments every $5 or so. Still haven't sold off all I bought on the last dip.
BassNBrew
Footballguy
Why do you want to do this? It's like saying I want to own bad stocks (or amazon) to offset my good stock picks.
-OZ-
Footballguy
It has a lot more to do with my belief, backed by research, that most of us won't beat the market over the long haul.
It's fun to try, but I'm not stressed about it when it's not going to make a huge difference long term. I figure this 20% is basically going to be the difference between traveling to gulf shores or HHI every winter vs Cancun, new Zealand, etc.
The General
Footballguy
Big, big, bigly props to whoever mentioned QCLN and CNRG. Had been looking in that space and that post awhile back got me to finally move stuff around and jump into those (and ICLN).
Best thread in the place, not even close.
Best thread in the place, not even close.
I already stated my goal was to double what I had at the end of the year in 5 years. That’s about 14% a year. A high mark, but that was my 10 year goal until last year happened. I am torn between protecting the gains and telling myself not to give up a potential “year” of the goal.
McBokonon
Footballguy
I’m not overly rigid but for our individual stocks, I try to stay in the 4-6% range. $SE is at 12.27% as I type this and I want to add more. It’s all I can do not to.
beef
Footballguy
I've been trimming and taking profits but still have a lot in play. Not that I don't think we're in a bubble or at some point we have to get a closer to earth. It's just there is so much money out there. Stimulus all over the world and maybe more coming. Gotta put it somewhere.
Sideshow Bob
Footballguy
This is a horrible decision for most companies. Though neither the company nor the bank are US-based, so probably not the same regulatory headache.SE - sea limited buying a bank (BKE) as it grows its empire
-OZ-
Footballguy
Fair point. I don't know how I'd feel about Amazon buying a bank.
But for SE, I think it makes sense given their business.
-OZ-
Footballguy
-OZ-
Footballguy
Desert_Power
Footballguy
Capella
Footballguy
Just in my main trading account. Don’t look at my funds till the end of the day. They should be up pretty good.
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Sideshow Bob
Footballguy
Really, it's just the regulatory issues that cause me to say that. They likely will not have the same experience they would have in the US, so it probably is a net positive for them. In the US, regulators would use the bank as an excuse to dig into every other part of the company, no matter how insulated the bank is from everything else.-OZ- said:
"Oh, you make cars and you own a bank? We're going to have to take a look at the auto manufacturer's labor agreements, pension funding, every detail of your EV credit program, that redesign you did of the '20 sports car, and the results of your executive team's latest colonoscopies."
I almost don’t even bother looking at our 401ks. I like the funds but our contributions are bigger than the returns at this point as I’ve rolled over everything aside from our current 3-4 year ones into my trading accounts.
Capella
Footballguy
Mine did +26% last year and 20% the year before - pretty pleased despite my big trading fund doing way better. This I can just set it and forget it.
BassNBrew
Footballguy
cosjobs
Footballguy
Capella
Footballguy
-OZ-
Footballguy
That's one kind of nice thing about keeping my military TSP in place. With no contributions I can see a real return. 20% last year, 22% in 2019.
I arguably have too much international in that account.
Capella
Footballguy
Ridgeback
Footballguy
-OZ-
Footballguy
Probably the smart move. I'm still of the belief that international has more room to grow, but I've been wrong fit a few years now.
The General
Footballguy
BassNBrew
Footballguy
That's a difficult question. Can the Fed un-pump the economy? Biden is going to flood us with stimulus and companies will likely crush expectations this earnings season. COVID has helped many companies in the market at the expense of mom and pop. Wall Street isn't in a recession.
Also the are sectors that aren't in a bubble. Plenty of stocks no where near there ATHs yielding great dividends. My MIL is tired of her savings account yielding a cup of coffee. Plenty of solid companies offering 3-8% trading at PEs 8-15. Outside of COVID, do you feel bad about where our economy is?
I agree that Telsa and many of the high fliers will pop and get hammered once it becomes obvious the profits don't support the price. 90% of these SPACs will likely go belly up.
Ridgeback
Footballguy
cosjobs
Footballguy
Its design to reflect 2X the VIX. Here's a one year VIX chart. VIX typically represents fear and uncertainty in the market. I agree with Todem that we are peaking with irrational exuberance at this point. While cash is a safer hedge for keeping your money, my play will actually make a lot of money when there is a correction.
cosjobs
Footballguy
I am obliged to remind everyone that this is a very risky volatile stock. But with all the penny stock and SPAC action in here, I assume that you all mostly are comfortable with that.
The General
Footballguy
Thank you. When you mentioned it was your largest holding it got my interest piqued.
I'm much more a novice to all this, have used trading over the years as a gambling fix, but kept majority of money in big boys and following the Todem rule of pulling out winnings on speculative bets to buy more of the "safe plays". With this past year though the play area has gotten significant.
This does seem like a nice hedge to this madness (when I say hedge I mean closer to throwing out a fire bet on the craps table). Going to throw a couple ducketts this way.
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beef
Footballguy
Not looking like I was late anymore. Sure am glad you brought this one back up!AND $BNGO WAS HIS NAME-O!
