Talking Stocks 2.0

[beshannon]

Originally Posted by -dustin

220% halted a 5th time. someone's going to make a lot of money, someone's going to lose their ass.


Dropped to 196% and halted a 6th time.

Dropped to 105% and halted a 7th time.

Dropped to 55% and halted an 8th time.

Seems Kodak got a halt, too.

Someone lost a lot of money Up 7.27 (28.9%) to 32.27 after being up to 90.36

[cornerstore]

https://globalnews.ca/news/7290410/c...avirus-levels/

Some evidence that in certain countries things are stabilizing. The money is returning to retail but the carnage to small retailers will be a long time healing process.

[JParm]

https://www.barrons.com/articles/as-...?mod=hp_LATEST

As we've all discussed, gents - tech is / will continue be king. Prices seem high, but it's the TINA trade for the time being and will continue to stay that way for awhile.

Tech-heavy indexes are set to outgrow other sectors by as much 10 times over the next 20 years, according to a report from strategic advisory Aquaa Partners seen by Barron’s.

Aquaa Partners chief executive Paul Cuatrecasas said of the findings: “The fundamental risk-reward relationship in finance is now consistently being broken: Tech now offers higher reward and lower levels of risk relative to traditional stocks.”

Obviously just 1 analyst's point of view, but it's one shared by many.

[logo]

Originally Posted by beshannon

Agreed I have been saying this for some time now, the market is very thin and needs a correction.

More specifically, TSLA (and to a lesser extent AAPL) need a correction

Why a stock split results in a 25-50% stock price rise is incomprehensible. If TSLA was stretched before, not sure what to call it now other than stupid.

[Letsgodiving]

Originally Posted by cornerstore

New Jobless claims are up 15% from last week and up 20% above expectations as people returning to work are being laid off. Ongoing claims are down 1% from expectations as more people fail to qualify. Projections are for a 40% drop in consumer spending as the jobless bonus is now curtailed. Many countries for various reasons are starting to soft boycott US made goods and services. Through all this the market seems to think this is cause for record PE’s and hyperbolic valuations for juiced up corporate welfare bums. Blue sky’s ahead, who needs profits when tax breaks and government subsidies will do the heavy lifting lol. It’s unfortunate we can not discuss moral and ethical investing. The old saying in conducting business was just because you can doesn’t mean you should. Today it’s, just do it, because if you don’t someone else will, and just ignore the consequences. Most of these great profits being released are a result of the short term effects of the overly generous tax breaks and changes in reporting incomes that were recently implemented. Smoke and mirrors.

https://www.google.com/amp/s/www.wir...reen-think/amp

You are sounding like someone who has been so wrong for so long and missed out on so much profit that they are just bitter at this point.

Anyway, as perma-bear, you will be right eventually. Whether that's next week, next year or 10 years from now no one knows.

[cornerstore]

https://www.google.ca/amp/s/www.fool...right-now.aspx

Written July 7th. when Fastly was trading in the same price range as today.

“Fastly's (NYSE:FSLY) stock price gained more than 600% from March lows, lifting the company's enterprise value-to-sales ratio to 40.

Fastly's lofty valuation indicates that the market expects stunning results over the long term. Granted, Fastly proposes innovative solutions for developers. But since it requires building data centers, it remains a capital-intensive business. As a result, the company's gross margin of 56.7% during the last quarter, which held steady from last year, pales in comparison to software-as-a-service (SaaS) players that generate gross margins above 70%.

The company also has significant sales and marketing expenditures, as well as research and development costs, that are necessary to compete with giant public cloud providers, including its much larger legacy competitor Akamai Technologies. Taking these expenses into account, management expects another year of non-GAAP (adjusted) operating losses ranging from $10 million to $20 million.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

https://www.barrons.com/articles/as-...?mod=hp_LATEST

As we've all discussed, gents - tech is / will continue be king. Prices seem high, but it's the TINA trade for the time being and will continue to stay that way for awhile.

Obviously just 1 analyst's point of view, but it's one shared by many.

I think this is an important point.

So many people like to point out that tech is outsized compared to the rest of the market and that the valuations cannot be sustained.

I would love to see some analysis on just how large the oil giants got before Standard Oil was broken up or just how big MSFT or T were before they drew scrutiny.

If tech continues to power the world and transform the economy then perhaps tech is not big enough?

[beshannon]

Originally Posted by logo

More specifically, TSLA (and to a lesser extent AAPL) need a correction

Why a stock split results in a 25-50% stock price rise is incomprehensible. If TSLA was stretched before, not sure what to call it now other than stupid.

A lot of that is being driven by hot money, small retail investors playing casino games.

I am waiting for post-split when sellers decide to lighten up on both AAPL and TSLA. No way I would chase these higher here.

[cornerstore]

Originally Posted by Letsgodiving

You are sounding like someone who has been so wrong for so long and missed out on so much profit that they are just bitter at this point.

Anyway, as perma-bear, you will be right eventually. Whether that's next week, next year or 10 years from now no one knows.

Thanks for that, I needed a good laugh.

[jaisonline]

Originally Posted by chsu74

I have some Blink positions but the bigger interest for me is in Envision Solar.

Good decision with what’s recently happened w/ BLNK. Those short seller articles are pretty damning. At least we had a little ride.

I hope Blink mgt wasn’t lying.

[-dustin]

Q regarding the term "date of record"...

If I want to up my position in AAPL prior to the split, and the date of record being 08/24, do I need to up it today, Friday, or do I have till close on Monday?

[cornerstore]

Fun fact. Nasdaq tripled off its multi year base going into the dot com bust in 2000 where it topped and corrected by 66%. It did not regain that top again until 2013 being caught in a 13 year doldrum. Since 2013 it now is approaching another triple off the double top base formed in 2013. The unknown is will history repeat this pattern of correction once QE is cut back or curtailed. History suggests it might.

In other words if you bought near the top in 2000 and stayed the course you are now up about 300% in twenty years. Investments in almost all asset classes such as real estate, classic cars, Rolex watches, all have given equal or better returns. With much less volatility. Those are asset classes where I put my money, after retiring at age 52 on my dot com era stock market gains.

[beshannon]

Originally Posted by -dustin

Q regarding the term "date of record"...

If I want to up my position in AAPL prior to the split, and the date of record being 08/24, do I need to up it today, Friday, or do I have till close on Monday?

It starts trading on a split adjusted basis on August 31.

The Record Date – August 24, 2020 - determines which shareholders are entitled to receive additional shares due to the split. The Split Date – August 28, 2020 - shareholders are due split shares after the close of business on this date.

You must be an owner of the shares as of August 24th, since regular way settlement is three days, I am honestly unsure of what happens if you buy on Monday.

[-dustin]

Originally Posted by beshannon

It starts trading on a split adjusted basis on August 31.

The Record Date – August 24, 2020 - determines which shareholders are entitled to receive additional shares due to the split. The Split Date – August 28, 2020 - shareholders are due split shares after the close of business on this date.

You must be an owner of the shares as of August 24th, since regular way settlement is three days, I am honestly unsure of what happens if you buy on Monday.

Yeah, I just snuck it in before markets closed. Didn't have high hopes for KIRK going forward towards their Q2 earnings, so bailed on that while still up 40% and moved it over to AAPL. Hopefully it was the correct call. We'll see.

[JWD531]

Originally Posted by beshannon

It starts trading on a split adjusted basis on August 31.

The Record Date – August 24, 2020 - determines which shareholders are entitled to receive additional shares due to the split. The Split Date – August 28, 2020 - shareholders are due split shares after the close of business on this date.

You must be an owner of the shares as of August 24th, since regular way settlement is three days, I am honestly unsure of what happens if you buy on Monday.

You’ll still get the same amount of shares, you’ll just get them from the person selling them instead of from AAPL.


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[austinp]

Great week! I hope everyone is making lots of money!


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[gnuyork]

Yessir, damn good day for me today.

[Mr. Miami]

I started investing in June and to date, it’s been damn good. I consider myself a long term investor so I can handle the volatility.

[huncho]

Originally Posted by cornerstore

Fun fact. Nasdaq tripled off its multi year base going into the dot com bust in 2000 where it topped and corrected by 66%. It did not regain that top again until 2013 being caught in a 13 year doldrum. Since 2013 it now is approaching another triple off the double top base formed in 2013. The unknown is will history repeat this pattern of correction once QE is cut back or curtailed. History suggests it might.

In other words if you bought near the top in 2000 and stayed the course you are now up about 300% in twenty years. Investments in almost all asset classes such as real estate, classic cars, Rolex watches, all have given equal or better returns. With much less volatility. Those are asset classes where I put my money, after retiring at age 52 on my dot com era stock market gains.

ok but if you bought amazon at the top in 2000 youd be up 40x so not sure what your point is. a lot of companies that survived it wouldve given you great returns so it depends on what youre buying

[cornerstore]

Your point is what? You cherry pick one example. Did you buy and hold it for 20 yrs? My point is investments are cyclical and the return was 300% over a defined time frame. For everyone who held an Amazon many held other holdings and lost their a$$. Diversity vs moon shots. But hey this time is different. Lol As to Amazon I do not invest in predatory business models that destroy family and small business enterprises and pay little or no taxes.

[huncho]

Originally Posted by cornerstore

Your point is what? You cherry pick one example. Did you buy and hold it for 20 yrs?

your example is cherry picked too. it involves including every stock in nasdaq at the time and holding for 20 years. you made enough money off the stock market to retire early back then and now you just come here and only post about how its all a scam and will tank. it makes no sense

no one here is talking about etfs so whats the point in talking about nasdaq as a whole?

[cornerstore]

Originally Posted by huncho

your example is cherry picked too. it involves including every stock in nasdaq at the time and holding for 20 years. you made enough money off the stock market to retire early back then and now you just come here and only post about how its all a scam and will tank. it makes no sense

no one here is talking about etfs so whats the point in talking about nasdaq as a whole?

I do not think I said anything was a “scam” Morally repugnant yes, scam no.

[Rwith22]

Anybody make some money on baba contracts that expired today? Worked well for me. It is interesting to see everyones opinion of the market right now.


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[beshannon]

AAPL +10 this morning to 507 in the pre-market.

https://www.fool.com/investing/2020/...next-stop-600/

Dow futures up +255

https://www.thestreet.com/markets/5-...-monday-082420

[Ecandrew]

I trimmed my Apple position by 10% at $440 - mostly as a mental cleansing so I could deal with additional volatility. It worked, but man. I am back to the same dollar value for the position as a whole and once again have a stock that is 50% of my personal taxable account.

I have no point, just sharing some of my mental gymnastics.

Good luck out there.

[Ecandrew]

Originally Posted by Rwith22

Anybody make some money on baba contracts that expired today? Worked well for me. It is interesting to see everyones opinion of the market right now.


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Since you asked: It’s nuts. And I have no idea whether it’s going up another 20% or down 20%. I am not one to have any confidence in my predictions (hard earned experience) but especially now I have no idea. I am mostly sitting tight with my core and letting about 10% do nothing in cash.

[beshannon]

Originally Posted by Ecandrew

I trimmed my Apple position by 10% at $440 - mostly as a mental cleansing so I could deal with additional volatility. It worked, but man. I am back to the same dollar value for the position as a whole and once again have a stock that is 50% of my personal taxable account.

I have no point, just sharing some of my mental gymnastics.

Good luck out there.

No one ever went broke taking a profit. Protecting capital is paramount in this market. I routinely trim and take my profits off when I get a double.

[JParm]

https://www.barrons.com/articles/mon...?mod=hp_LATEST

Market continues its upward move with the plasma news.

FSLY upgraded to outperform, with PINS downgraded to neutral. Continuing to build my shares in tech on any weakness (which might not be today!); not looking at trimming any positions in the portfolio at the moment here.

Will be interesting to see how AAPL and TSLA continue trading as we enter this last week before the split.

[Ecandrew]

Originally Posted by beshannon

No one ever went broke taking a profit. Protecting capital is paramount in this market. I routinely trim and take my profits off when I get a double.

Apple was/ is a weird one for me. I don’t mean this in a “look at me” sort of way, but my split adjusted cost basis (the previous 7-1 split, not the upcoming one) is $36. I let the core position sit for 10 years without panicking or taking a profit. Not sure why $440 was different, but mentally I had to cash some in. It’s easier to sit on the rest now, but can’t help but look at that $507 print and think.... ehh, human nature.

[RyanO]

Nice to see the Fastly upgrade, my Emergent position should move today on the Astra Zeneca news as they have secured contracts to manufacture their vaccine and with approvals should come more funding. I still think this stock is undervalued and has a lot of long term growth ahead, and their business doesn't solely rely on the manufacturing aspect.

https://seekingalpha.com/article/436...ks-undervalued

https://www.fool.com/investing/2020/...emergent-bios/