Talking Stocks 2.0

[Vishy26]

There is no question some panic has set in.

[HippoPAPAmus]

Originally Posted by Vishy26

There is no question some panic has set in.

Agreed. Companies with strong fundamentals are taking larger than justified hits. Hoping things stagnate for the rest of the day and people cool down over the long weekend.


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[ndls]

This is definitely panic selling. Market is reacting opposite to the news today - usually jobs numbers and unemployment numbers like this would have led to more green day on the indexes.

I’m choosing not to touch my portfolio, as it is up for the year still. I trust this correction is healthy, and we’ll see some positive (but highly volatile movement) into the election. But damn, losses could have bought me a few watches :(

[HippoPAPAmus]

Originally Posted by ndls

This is definitely panic selling. Market is reacting opposite to the news today - usually jobs numbers and unemployment numbers like this would have led to more green day on the indexes.

I’m choosing not to touch my portfolio, as it is up for the year still. I trust this correction is healthy, and we’ll see some positive (but highly volatile movement) into the election. But damn, losses could have bought me a few watches :(

You just had to bring watches into this. Salt in the wound...


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[RyanO]

Ouch


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[ndls]

Originally Posted by HippoPAPAmus

You just had to bring watches into this. Salt in the wound...


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Ugh I’m sorry

[JayHantz]

Originally Posted by ndls

....But damn, losses could have bought me a few watches :(

I thought the same thing this morning. Lots of red today - only movement would be some limits I previously hit. I am not going to watch the rest of the day as I hope the long weekend puts some stoppage to this.

[Hard_Six]

Not a fun day

[JParm]

Incredible selling these last two days.

Added to AMZN here. I won't be selling and we're hopping on a plane to Maine, so it is what it is for now!

We'll see what next week brings.

[logo]

Bad day today. Into oversold territory on many stocks imo but haven’t seen big drops like this since March.

[JParm]

Originally Posted by logo

Bad day today. Into oversold territory on many stocks imo but haven’t seen big drops like this since March.

Massive overreaction. Starting to creep back up; let's see if we can continue this way.

[JayHantz]

Originally Posted by logo

Bad day today. Into oversold territory on many stocks imo but haven’t seen big drops like this since March.

Last recent one I remember was June, but I agree - this crazy has a lot of March written all over it.

Sucks guys, but hold fast the best you can. It's a hiccup in the swing of things.

[JayHantz]

Originally Posted by jpeezy14@hotmail.com

Incredible selling these last two days.

Added to AMZN here. I won't be selling and we're hopping on a plane to Maine, so it is what it is for now!

We'll see what next week brings.

Enjoy the trip man! Don't even think about the market, get some great pics and let us know how the trip turned out!

[ndls]

Originally Posted by JayHantz

Last recent one I remember was June, but I agree - this crazy has a lot of March written all over it.

Sucks guys, but hold fast the best you can. It's a hiccup in the swing of things.

Me holding and adding throughout April to now is what’s keeping me in. I recall the past two weeks of me thinking “there’s no way this can keep going”. Technically, I’m back to where I was in mid August. I’ll continue to hold, add, and ignore.

Best of luck to all!

[kieselguhr]

Red days are healthy. Great for averaging down, getting in on a new position. Stay positive.

I added to DBX, AMD, UPWK,

[Vishy26]

All it takes to stop this incredible run is, one of the big boys like Apple, Amazon etc to make a mistake or have one bad result. That came from Tesla it seems. A few days ago, Telsa decided to raise 5 Billion in shares offering. I think that is the spark to this slide. Followed by Baillie Gifford cutting down its position. Till then, everything was absolutely flying. Still believe this won't get ugly. For me, its not a time to buy and more than that, absolutely not a time to vacate.

[logo]

Originally Posted by jpeezy14@hotmail.com

Massive overreaction. Starting to creep back up; let's see if we can continue this way.

For sure, overdone. The fact that some March bottom feeders are green (CCL, airlines etc) gives me confidence this is not a broad dump, but rather a wiping off the froth in the Nasdaq. The bull run has only just begun here I think.

I added more NET, also started a small position in LULU. They’re a bit high on the PE ratio, but I think they have positioned themselves as a premium brand, strong online presence, huge brand loyalty and with the acquisition of mirror I like them as a covid exercise from home stock too. Plus the big sell off gives me some confidence in a decent ER reaction next week.

Let us all have a relaxing long weekend and trust in our underlying principles that a sell off was overdue, and many nasdaq companies are producing record revenue, so let’s hope next week will be nicer.

[Vishy26]

Anyway, good luck everyone. Turn off your monitors and enjoy your long weekend over there

[-dustin]

set up some stops only to protect myself in regards to some stocks that i got into on a whim. this was a bit of a wake-up call that this particular portfolio was way too tech heavy. learning process, for sure.

[AshCashEmAll]

Bought TDOC and AMZN and a little bit of LULU


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[logo]

Originally Posted by AshCashEmAll

Bought TDOC and AMZN and a little bit of LULU


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We’re not so different, you and I.

[kearez]

Added AMZN today. Nothing else taking my fancy maybe Visa into the mid 190s

[JWD531]

Originally Posted by kearez

Added AMZN today. Nothing else taking my fancy maybe Visa into the mid 190s

V below 200 is definitely good.


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[scarlet knight]

Tech bull run will resume. People are getting head faked out.

[jaisonline]

Quite a few stop sell orders executed yesterday and today. Various amounts of Tesla, TMRC, & RKT. 100% of RKT and TMRC sold. Only about 15% of TSLA were triggered.

Stinks about TMRC as i really should have been more lenient with that stop. Will begin accumulating soon.

My DKNG and AAPL stops were close to being triggered.

Used some of the profits and added small amounts of AMZN & AAPL. Also, added very small amounts of TAP & BUD yesterday.

As of 12:30 EST, things look helluva better despite still being in the red overall for the day

[HippoPAPAmus]

Looks like things have finally leveling out. I added some FSLY, SE, AMZN, and DKNG with profits from stops that triggered Wednesday and Thursday. If things can just stay within a percent or two either way heading into the long weekend, I will be a happy man.


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[Duey]

Until we see Tesla for it's true value as a car company , (it's not a tech stock guys) It's a Cult. No other company with these numbers would exist in the world.

Tesla Annual Net Income
(Millions of US $)
2019 $-862
2018 $-976
2017 $-1,962
2016 $-675
2015 $-889
2014 $-294
2013 $-74
2012 $-396
2011 $-254
2010 $-154
2009 $-56
2008 $-83
Tesla Quarterly Net Income
(Millions of US $)
2020-06-30 $104
2020-03-31 $16
2019-12-31 $113
2019-09-30 $143
2019-06-30 $-408
2019-03-31 $-710
2018-12-31 $140
2018-09-30 $311
2018-06-30 $-718
2018-03-31 $-710
2017-12-31 $-676
2017-09-30 $-619
2017-06-30 $-336
2017-03-31 $-330
2016-12-31 $-121
2016-09-30 $22
2016-06-30 $-293
2016-03-31 $-282
2015-12-31 $-320

[jaisonline]

Originally Posted by Duey

Until we see Tesla for it's true value as a car company , (it's not a tech stock guys) It's a Cult. No other company with these numbers would exist...

I agree about the cult following. Apple and Amazon had / have similar cult-like following but with more competitors. Heck, Amazon had eBay as a big direct one for many years.

After doing my research (financials aside for my next statement), I started to view Tesla as more of a tech company that happens to build passenger vehicles. It overlaps industries similar to (but nowhere as near) Amazon.

[cornerstore]

Originally Posted by Duey

Until we see Tesla for it's true value as a car company , (it's not a tech stock guys) It's a Cult. No other company with these numbers would exist in the world.

Tesla Annual Net Income
(Millions of US $)
2019 $-862
2018 $-976
2017 $-1,962
2016 $-675
2015 $-889
2014 $-294
2013 $-74
2012 $-396
2011 $-254
2010 $-154
2009 $-56
2008 $-83
Tesla Quarterly Net Income
(Millions of US $)
2020-06-30 $104
2020-03-31 $16
2019-12-31 $113
2019-09-30 $143
2019-06-30 $-408
2019-03-31 $-710
2018-12-31 $140
2018-09-30 $311
2018-06-30 $-718
2018-03-31 $-710
2017-12-31 $-676
2017-09-30 $-619
2017-06-30 $-336
2017-03-31 $-330
2016-12-31 $-121
2016-09-30 $22
2016-06-30 $-293
2016-03-31 $-282
2015-12-31 $-320

That should be in November or so when they exhaust the carbon credits they have been selling to non electric makers. Some analysts say without the credit incomes they are losing $10k per car built. Tesla like a pot stock, they lose money on every transaction but hope to make it up on volume.

[huncho]

Originally Posted by jaisonline

I agree about the cult following. Apple and Amazon had / have similar cult-like following but with more competitors. Heck, Amazon had eBay as a big direct one for many years.

After doing my research (financials aside for my next statement), I started to view Tesla as more of a tech company that happens to build passenger vehicles. It overlaps industries similar to (but nowhere as near) Amazon.

apple has a cult following but the difference between apple and tesla is there are over a billion apple devices out there and each use their services. i maybe see one tesla a day here in nyc

i agree though, i don't consider tesla a car company. it fits more into tech category