Talking Stocks 2.0

[beshannon]

Took off half my AMZN here for nice gains, the stock feels tired, might buy back below 2000 but not sure it will get back there

The market is up nicely, S&P holding above 2850 but the breadth and volume are not inspiring

I want new cash if we go back down to average some of my other long term positions

[JParm]

https://www.cnbc.com/video/2020/04/2...sting-pro.html

https://www.cnbc.com/video/2020/04/2...exhausted.html

So...which is it? Tech is defensive, or tech is exhausted?

[beshannon]

Originally Posted by jpeezy14@hotmail.com

https://www.cnbc.com/video/2020/04/2...sting-pro.html

https://www.cnbc.com/video/2020/04/2...exhausted.html

So...which is it? Tech is defensive, or tech is exhausted?

Exactly, CNBC is looking for sound bites which they get, not actionable info

IMHO tech is getting tired, it led out of the March lows and there needs to be new leadership step up, Financials, Healthcare, Consumer Staples etc.

[JParm]

Originally Posted by beshannon

Exactly, CNBC is looking for sound bites which they get, not actionable info

IMHO tech is getting tired, it led out of the March lows and there needs to be new leadership step up, Financials, Healthcare, Consumer Staples etc.

I don't disagree with this, but I do find it more difficult to put large amounts of money into those sectors vs. say, GOOGL, FB, MSFT.

In principle, it makes sense. In actual practice, maybe less so.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

I don't disagree with this, but I do find it more difficult to put large amounts of money into those sectors vs. say, GOOGL, FB, MSFT.

In principle, it makes sense. In actual practice, maybe less so.

At this point I am looking to sell into strength, as I said the entire market feels tired, more good news drives the market how much higher? The slightest bit of bad news takes it lower for sure.

I would rather take profits here as I basically worked my way back to even (Jan levels) in my trading accounts and have cash for the next move lower.

[avidflyer]

I dumped my last batch of BA, it hurt....last batch lost $35 a share. BUT even with that hit, I broke even for the month. Broke my number one rule...don't hold it over the weekend. my number two rule don't hold it over night. Should of sold it last week when it went back to $150. Oh well could of been a lot worse. Just didn't have a good feeling about the conference call and earnings this week. With that said it'll go to $180.

[JParm]

Originally Posted by beshannon

At this point I am looking to sell into strength, as I said the entire market feels tired, more good news drives the market how much higher? The slightest bit of bad news takes it lower for sure.

I would rather take profits here as I basically worked my way back to even (Jan levels) in my trading accounts and have cash for the next move lower.

I've said all along that we have about 40% of our cash left to spend in case of a further downturn.

However, with this weeks earnings calls, we wanted to be prepared with even more cash in case we see more red. Sold out of a couple of our mutual funds that weren't moving the needle all too much in order to free up more cash for stocks.

I don't recommend it for everyone, but for those with a longer horizon, I still think this is a good time to get dead money working for you.

Long story short, I agree with having more cash on hand to get stocks at a discount.

[YYZed]

Made some good plays that at any other point in time would've been categorized as extremely risky to down right stupid, and I'm having trouble adding more now because there continues to be a fair bit of risky/stupid opportunities (e.g., RCL up 10% today). I get the long term approach and my portfolio is geared toward that but I do want to have cash at hand if there's another big drop.

On another note, I don't know much about the meat alternative sector but BYND is down today and may continue to hurt for some time. However, considering CV19 and other viruses are the product of poor meat handling practices and what we know about the increasing risk of raising animals in close proximity to one another, I wonder if this market will take off. I heard they have a good chicken substitute in the works and chicken husbandry seems to need an overhaul.

[JParm]

Originally Posted by YYZed

On another note, I don't know much about the meat alternative sector but BYND is down today and may continue to hurt for some time. However, considering CV19 and other viruses are the product of poor meat handling practices and what we know about the increasing risk of raising animals in close proximity to one another, I wonder if this market will take off. I heard they have a good chicken substitute in the works and chicken husbandry seems to need an overhaul.

I don't buy into BYND because (1) I'm a carnivore, and thus don't really care too much for the brand and (2) I believe it is a COVID stock, e.g. Zoom, Peleton, etc. that have benefited from the current situation.

I think when we get out of this, BYND gets left behind. Just my 2 cents.

[bryan13]

BYND Was around and doing well before any of this hit. I think the meatless market is only going to continue to expand into the future as an environmentally friendly alternative. Also watching for the impossible meat IPO, which I find better tasting than beyond.

[Duey]

BA news flowing in -

Boeing CEO to Investors: Don't Expect to See a Dividend for "3-5 Years"
Loans taken, must be repaid. There won't be money left over for dividends.

[YYZed]

Originally Posted by bryan13

BYND Was around and doing well before any of this hit. I think the meatless market is only going to continue to expand into the future as an environmentally friendly alternative. Also watching for the impossible meat IPO, which I find better tasting than beyond.

Interesting. I haven't tried either. Meatless chicken is where it's going to be at in my opinion. That bird makes a huge part of humans' diet throughout the world and has been genetically manipulated beyond any other farm animal. There are apparently 27 billion chickens in the world, which is 2x as many last decade. Avian flu or who knows what opportunistic pathogen can put a serious hurt on this close quarters industry. Sustainable alternative to the chicken. Just not sure who's going to win the race. BYND I think has a bird in the works. Gotta look into impossible meat.

[beshannon]

Originally Posted by Duey

BA news flowing in -

Boeing CEO to Investors: Don't Expect to See a Dividend for "3-5 Years"
Loans taken, must be repaid. There won't be money left over for dividends.

Not surprised to see this at all, BA is in real trouble

https://www.thestreet.com/markets/5-...tuesday-042820

[beshannon]

Originally Posted by jpeezy14@hotmail.com

I've said all along that we have about 40% of our cash left to spend in case of a further downturn.

However, with this weeks earnings calls, we wanted to be prepared with even more cash in case we see more red. Sold out of a couple of our mutual funds that weren't moving the needle all too much in order to free up more cash for stocks.

I don't recommend it for everyone, but for those with a longer horizon, I still think this is a good time to get dead money working for you.

Long story short, I agree with having more cash on hand to get stocks at a discount.

Over the last two weeks I have put on many small positions that are trades only and drew down my cash to 5%.

At this point watching today after yesterday, I am looking to take profits on several small trades after taking some off yesterday in AMZN. I believe that while we will not retest the lows, this run is getting over extended based on technicals, breadth, volume, etc.

I have not touched my mutual funds or 401K's these comments here are for a trading account only.

[beshannon]

A lot of earnings beats this morning, along with pulled guidance.

MMM, PFE, PEP, CMI, CNC

UPS missed on earnings but beat on revenue

More reports all this week as this is the busiest of earnings season. GOOGL and SBUX today after the bell

Tomorrow, MA, GE, FB, MSFT and Thursday AAPL, AMZN, Friday HON, CL, CLX and ABBV

Stocks may move (in both directions) based on news with traders trying to gauge direction and sentiment. IMHO, anything that happens is short term thinking so do your own homework about what you want to buy/sell and what you want to hold

[JParm]

Originally Posted by beshannon

Stocks may move (in both directions) based on news with traders trying to gauge direction and sentiment. IMHO, anything that happens is short term thinking so do your own homework about what you want to buy/sell and what you want to hold

Agree. Looking to only add this week and next; really looking to hold onto everything that's within our portfolio for the long term.

Keeping an eye on GOOGL, FB, MSFT, HON. BA will be interesting, though my sentiment about adding to that current position there has changed a bit after comments by the CEO.

[Gaijin]

Folks. Imagine when this thing ends. And it will.

We will have an epic recovery. We have millions of people that are raring to go back to work. Raring to finally get outside with a few paychecks and do some eating, spending and traveling. Yes I know it will take a while and likely a vaccine. But it will happen.

It is time that all countries bring back their supply chain to their respective countries. To trade with only partners that have a win win for all in the trading partnership. China has abused the privilege. They no longer get the benefit of the doubt.


Can't wait. The future looks bright. Buy. Hold. Profit. Spend.

Everybody hang in there.

[gabrielnovar]

all in stock crew with margin wins again!

[JParm]

https://www.marketwatch.com/story/th...S%3D1588079983

Interesting points here on return to activity percentage. If we're at only 75% activity in a few months, author claims we're closer to a depression than an actual recovery, which I don't disagree with. But is it enough to drive stocks down then? Time will tell.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

https://www.marketwatch.com/story/th...S%3D1588079983

Interesting points here on return to activity percentage. If we're at only 75% activity in a few months, author claims we're closer to a depression than an actual recovery, which I don't disagree with. But is it enough to drive stocks down then? Time will tell.

I think things will be very uneven, sawtooth is the term people used to use.

[beshannon]

Solid open across the board, will be watching today as I may be taking further profits in short term trades that I put on.

[watchmework]

Originally Posted by beshannon

Not surprised to see this at all, BA is in real trouble

https://www.thestreet.com/markets/5-...tuesday-042820

And yet they are up 4% right now none of this makes sense.

[JParm]

Originally Posted by watchmework

And yet they are up 4% right now none of this makes sense.

Yes, saw that and can't fathom why...Times are crazy.

I sold out pre-market for 30% gains and do intend to buy in again, should it drop below $100 (my intial target of $120 to add has shifted down in the last couple days due to recent sentiment, CEO comments and this thread). It just made sense to me to take the profit here, as even long term outlook (3-5 years) doesn't seem as attractive compared to other stocks to place the cash.

[beshannon]

Originally Posted by watchmework

And yet they are up 4% right now none of this makes sense.

Originally Posted by jpeezy14@hotmail.com

Yes, saw that and can't fathom why...Times are crazy.

I sold out pre-market for 30% gains and do intend to buy in again, should it drop below $100 (my intial target of $120 to add has shifted down in the last couple days due to recent sentiment, CEO comments and this thread). It just made sense to me to take the profit here, as even long term outlook (3-5 years) doesn't seem as attractive compared to other stocks to place the cash.

People need to remember there are always two sides to a trade, there are traders that believe BA will go higher.

My experience is don't look at where as stock has been, look at where a stock is going.

Their order book is a shambles, they have undelivered product, they have product that cannot be certified, they have massive cash burn and will have to cut their dividend, they have a very long struggle ahead of them.

https://www.investors.com/news/boein...ights-october/

If people want to put their money into BA that is their decision. I would like to buy BA but not at these prices.

[JParm]

Originally Posted by beshannon

People need to remember there are always two sides to a trade, there are traders that believe BA will go higher.

My experience is don't look at where as stock has been, look at where a stock is going.

Their order book is a shambles, they have undelivered product, they have product that cannot be certified, they have massive cash burn and will have to cut their dividend, they have a very long struggle ahead of them.

https://www.investors.com/news/boein...ights-october/

If people want to put their money into BA that is their decision. I would like to buy BA but not at these prices.

All the reasons why I left my position this am. Most likely shifting that cash to C and JPM.

[beshannon]

Some interesting insights here, long article

https://www.cnbc.com/2020/04/22/a-co...ng-crisis.html

[m j b]

Re: all of the comments relating to BA above.

I shorted it yesterday. I'm hurting right now. But I'm also seeing all of the airline stocks up this morning, and I wonder why. Lots of optimism in this market.

My IRA is doing nicely, it's my trading account (where I do my options and shorts) that's hurtin' a bit. No new Rolex* for Michael. :(


* - assuming that I could buy one, which of course, I can't since there aren't any for sale

[beshannon]

FB, NFLX, GOOGL and AMZN all negative with the Dow up +237

The trade is crowded and thin

[Duey]

Originally Posted by beshannon

Some interesting insights here, long article

https://www.cnbc.com/2020/04/22/a-co...ng-crisis.html

Good read which is surprising out of cnbc but what I took out of it was the worst is coming and it's going to be bad so hold on tight. And it will come back someday just not sure when.

[Duey]

Originally Posted by beshannon

FB, NFLX, GOOGL and AMZN all negative with the Dow up +237

The trade is crowded and thin

And airlines, CCL and Boeing are up ...