Talking Stocks 2.0

[JWD531]

Originally Posted by jpeezy14@hotmail.com

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

Great shopping list of tech names that have been hurt the most over the last few days.

Remember - company fundamentals have not changed in most (if not all) of these names and I do think we're in that oversold territory, so if you're looking to buy the dip outside of big tech, this is a solid starting point.

Thanks for sharing. Those Barron articles are good stuff.

KLAC and LRCX also fall into the “fell too far too fast” category, so there may also be a potential short term gap up opportunity there.


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[beshannon]

Originally Posted by jpeezy14@hotmail.com

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

Great shopping list of tech names that have been hurt the most over the last few days.

Remember - company fundamentals have not changed in most (if not all) of these names and I do think we're in that oversold territory, so if you're looking to buy the dip outside of big tech, this is a solid starting point.

Originally Posted by JWD531

Thanks for sharing. Those Barron articles are good stuff.

KLAC and LRCX also fall into the “fell too far too fast” category, so there may also be a potential short term gap up opportunity there.


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Do your homework everyone, there are people on the other side of the trade as well

An absolute raging mania' - Stan Druckenmiller talks markets on CNBC

https://seekingalpha.com/news/361242...arkets-on-cnbc

I am neutral here, I am picking through names, I closed several trading positions yesterday for small gains/losses. I only added to TSLA.

Today I will be looking at the bounce and I am inclined to take more off the table as I feel that the convergence of world events is going to lead to further market volatility and stress.

I want to protect gains/capital while raising more cash for opportunities. Small traders are still way too bullish even after this pullback and that worries me

[JParm]

Originally Posted by beshannon

Do your homework everyone, there are people on the other side of the trade as well



https://seekingalpha.com/news/361242...arkets-on-cnbc

No doubt! Do your own DD everyone and make the investments that make sense to YOU.

I saw that Stan Druckenmiller quote earlier today on CNBC - let's not forget that he himself claimed to be "humbled" a few weeks back after missing out on the unexpected rise up. These people are always playing both sides...

[beshannon]

Options traders still way too bullish for my liking, I do not trust this bounce

[beshannon]

https://seekingalpha.com/news/361245...market-gainers

List of stocks going to bounce at the open, watch for the reversal at 10

[-dustin]

WORK hit my stop limit. Ended up cancelling before open figuring it's down enough that it doesn't really matter at this point. Curious to see where things go following this initial early shake-up.

[beshannon]

Moving higher at 10, the bounce looks good so far

[JParm]

Originally Posted by beshannon

Moving higher at 10, the bounce looks good so far

Holding up nicely in the first hour here.

Yesterday's overreaction to TSLA not being listed in the S&P is similar to the torrid swings down post-earnings for a lot of these tech stocks - again, an overreaction.

In my opinion, days like yesterday (and post-earnings bloodbaths where company fundamentals haven't changed) are perfect days to pickup certain stocks. Yes, TSLA and fundamentals don't really go hand in hand, but to see it swing nearly 25% in 1 day based on weak news is an over-correction (again, IMO).

We're see the swing the other way today because of it.

[beshannon]

Averaged down in SQ, sold my ABT for a small loss

[chadwick4eva]

Can anyone offer me some suggestions for strong energy plays that are positioning themselves for a greener future? I own a little bit of NEE and like to see that they are focusing more on renewable sources of energy and the use of batteries to retain the energy they are capturing from those sources. However, NEE trades at a pretty hefty premium (~38 P/E, ~28 Forward P/E), which seems very high for any energy company, and I'm wondering if there are any other similar companies that are trying to transition from oil and gas to renewables.

[JWD531]

Originally Posted by chadwick4eva

Can anyone offer me some suggestions for strong energy plays that are positioning themselves for a greener future? I own a little bit of NEE and like to see that they are focusing more on renewable sources of energy and the use of batteries to retain the energy they are capturing from those sources. However, NEE trades at a pretty hefty premium (~38 P/E, ~28 Forward P/E), which seems very high for any energy company, and I'm wondering if there are any other similar companies that are trying to transition from oil and gas to renewables.

I am biased, but I work for WMB. We are only natural gas, but we are currently pursuing solar. That’s really the only alternative energy we are pursuing, but it’s something. Largest competitors in our space are KMI, ENB, TRP. WMB has done well compared to some others in the space (TRP and EMB have a different mix of assets, so they are a bit different makeup from WMB/KMI). Not saying we are a buy or not, but worth looking into if you want to read up on it.


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[JParm]

https://www.cnbc.com/2020/09/09/jim-...ur-toe-in.html

Yesterday, Cramer says take profits if we go up. Today, he says buy in.

Bottom line: Drown out the noise from talking heads, do your HW and make the decisions that are right for strategy.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

https://www.cnbc.com/2020/09/09/jim-...ur-toe-in.html

Yesterday, Cramer says take profits if we go up. Today, he says buy in.

Bottom line: Drown out the noise from talking heads, do your HW and make the decisions that are right for strategy.

Well the buys were this morning, we are up too much IMHO at 1:00 +562 on the DOW

[JParm]

Originally Posted by beshannon

Well the buys were this morning, we are up too much IMHO at 1:00 +562 on the DOW

I don't disagree; we seem to be on a pretty big bounce now.

If anything, this market just shows how volatile / crazy / unpredictable things are these days, and you CANNOT take the "experts'" words and opinions as bible.

Nobody knows anything at this point.

[avidflyer]

so the shift seems to go to zoom up 11 percent...Telsa was a quick buck. I still think everything is overinflated. I know....don’t hate the market trade it and don’t try to rationalize it

[beshannon]

Averaged down in TSLA and ADBE

TSLA is a pure speculative trade while ADBE is a cloud holding that has markets in the stay at home/work from home, imaging and documents. They continue to transition to a subscription model. They are a wide moat business with exemplary financial stewardship (Morningstar terms).

With recent price target raises and a small earnings miss last quarter I like the setup going into earnings on 9/15

[beshannon]

This is starting to run, need to see the margin calls and MOC orders today before the close. If we close on the highs that could signal follow through tomorrow, if we sell off into the close we could be in for more selling.

[JWD531]

Originally Posted by beshannon

This is starting to run, need to see the margin calls and MOC orders today before the close. If we close on the highs that could signal follow through tomorrow, if we sell off into the close we could be in for more selling.

My guess is more selling, but we shall see...


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[-dustin]

A little concerned about this late surge and what's feeding it.

[RyanO]

Originally Posted by -dustin

A little concerned about this late surge and what's feeding it.

Holding 3400 is likely confirmation of the uptrend, shorts covering.


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[JParm]

Originally Posted by -dustin

A little concerned about this late surge and what's feeding it.

https://www.cnbc.com/2020/09/09/inve...-not-over.html

I took some profit to get a bit of cash here.

[jaisonline]

Same thing happened to me when Tesla hit $400. I lowered my stop instead of just executing at that price. It definitely cost me : not only profit but monies that could’ve been used to reinvested in Tesla at a price of about $340 avg (my best guess). Hindsight is always 20/ 20 ;)

Originally Posted by -dustin

WORK hit my stop limit. Ended up cancelling before open figuring it's down enough that it doesn't really matter at this point. Curious to see where things go following this initial early shake-up.

[beshannon]

I was disappointed with the close yesterday, will need to see jobless claims and the reaction, futures down -100

Dow Futures, Peloton, Penney, GameStop - 5 Things You Must Know Thursday

https://www.thestreet.com/markets/5-...hursday-091020

Adobe price target raised on potential Q3 upside

https://seekingalpha.com/news/361283...tial-q3-upside

[JParm]

Futures indicating a continued bounce in tech this morning.

Jobless claims greater than anticipated but I'm not even sure the market reacts to those numbers anymore these days.

Holding tight with some renewed cash from some profit-taking yesterday; not looking to add in the interim as I continue to monitor where we're headed for the time being.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

Futures indicating a continued bounce in tech this morning.

Jobless claims greater than anticipated but I'm not even sure the market reacts to those numbers anymore these days.

Holding tight with some renewed cash from some profit-taking yesterday; not looking to add in the interim as I continue to monitor where we're headed for the time being.

The bounce came with the core PPI numbers up +0.4 vs +0.2.

We need inflation to justify valuations, pricing power would be good for business. Again for those who are confused, the markets are forward looking pricing mechanism. How much you are willing to pay for future earnings is what drive the value of stocks.

[JParm]

Originally Posted by beshannon

The bounce came with the core PPI numbers up +0.4 vs +0.2.

We need inflation to justify valuations, pricing power would be good for business. Again for those who are confused, the markets are forward looking pricing mechanism. How much you are willing to pay for future earnings is what drive the value of stocks.

Agree with this - however, I do not thing we are out of the woods in terms of volatility to the downside. Yesterday's bounce (as well what seems like today's impending leg up) are a bit concerning after that massive selloff. Would much rather watch and see where we go in the next few days than to jump right in now because of what could be a false bounce.

I'm a bull and I THINK we're still in young bull territory, but that doesn't mean we won't have downside along the way.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

Agree with this - however, I do not thing we are out of the woods in terms of volatility to the downside. Yesterday's bounce (as well what seems like today's impending leg up) are a bit concerning after that massive selloff. Would much rather watch and see where we go in the next few days than to jump right in now because of what could be a false bounce.

I'm a bull and I THINK we're still in young bull territory, but that doesn't mean we won't have downside along the way.

Agreed

[RyanO]

I also trimmed some positions and raised a little cash, though I am still pretty tech heavy. I would not be surprised if we see more volatility.

Initiated a small position in Boeing at 158.40 for a longer term play, and was stopped out of my Marriott. Would like to re enter if we see the 80's again.

[logo]

I’m going off the principle that Sept 1 came along after a big bull run in August, some big firms decided to lock in profits, triggered some panic selling and widespread worry of tech being overvalued. Some are absolutely overvalued. But tech is also the major player bringing in money right now, apart from a few select niche non-tech companies. So my money stays in the game for now. I just wish I added on the dip after the dip after the dip, rather than the dip after the dip haha.

[-dustin]

read a fantastic article on Softbank last night. wish i could find it...really, really crazy. i'm sure most of y'all are aware, but for those of us that weren't up to snuff of the history of that whale, it was fascinating.