Hope one of the big banks or GS buys SOFI. Dare to dream…Nice pop for SOFI, but the stock may still trend down for a bit:
SoFi stock soars after clearing final regulatory hurdle to become a bank
Shares of SoFi rallied on Tuesday following news that the fintech cleared its final regulatory hurdle in becoming a bank.www.cnbc.com
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Bought ATVI a couple months back as I thought it look pretty cheap. Obviously MSFT did too.
Microsoft to buy Activision in $68.7 billion all-cash deal
It will be Microsoft's largest acquisition ever.
Premium of 45% MSFT is paying. 95/share 68.7 billion. 3 billion breakup fee if it doesn't go through.
Sold it at $90 in premarket bought it back at 82.60 in the mid day.
So I was bludgeoned pretty good today, but at least I got one good trade out of it.
Own this one too. Far too much of it actually. Have some calls out on it, but bought most of that back in the past couple trading days as the stock tanked. So hopefully this price holds till morning(or better yet goes up even more) and I'll some more calls tomorrow.Nice pop for SOFI, but the stock may still trend down for a bit:
SoFi stock soars after clearing final regulatory hurdle to become a bank
Shares of SoFi rallied on Tuesday following news that the fintech cleared its final regulatory hurdle in becoming a bank.
That makes no sense. If you are buying this in your “short term portfolio”, then you better learn how to trade technical levels.
My definition of short-term doesn't mean your definition of short-term, so you are incorrect. Also, I try to normally say "shorter-term" as compared to my buy and long hold POV.
First of all, I think the person narrating the video missed the point of Ackman’s statement. Second of all, he will come on CNBC and announce the market crashing after he has shorted the market. He isn’t going to wait for the market to drop and then short it. “Don’t hate the player, hate the game”. The CNBC guy should have clearly asked Ackman if he had shorted the market before, during and after the interview.
Regardless of your definition of short term, IMO buying AAPL at $170 is not a right move. There are likely to be much better buying opportunities coming up.
If you are okay with fear and short, then don't whine about pump and dump. It's the same exact thing.
You seem to always think that a better buying opportunity is coming. LOL! This POV has been wrong for years.
I don't whine about pump and dump. In this case, Ackman shorted and then relayed his fears. Look, if people are stupid enough to get their stock picks from CNBC guests then they deserve to lose money.
I don't think you have a full understanding of "short term trading" or what I have been telling you for the past 2 years. The market is always full of opportunities for short term trading which most people would define as equities that are held under 1 year. That has been the case during bull markets and certainly during bear markets. I told you guys in September/October that a pullback was coming in the next 3 months (as it did). That does not mean that you should sell all your stocks and sit on cash. Smart trader would position the portfolio with put options, shorts on high flying stocks. I told you in December to put stocks in high dividend and high cash flow stocks (not cash). This has been a very profitable trade for me this year. If you understand technicals and understand enough of the fundamentals, you will do a much better job of succeeding in short term trading. At the very least you should understand the 50 and 200 day moving average on a 2 year chart of AAPL. Don't buy just because AAPl is down $10 from all time highs.
Once again, our definitions are different. Not interested in what you are talking about. Don't have the time to devote to technical trading. I described my objective and rationale for this account a few days ago.
Big time crushed!
Sony shares tank over 12% after Microsoft and Activision's $68.7 billion tie-up plan
Investors fear Microsoft's planned acquisition of Activision will bring more competition to Sony's PlayStation and take away key games from Sony's platforms.
As usual, seems like an overreaction by emotional people.
FYI - Morningstar lists Sony as slightly undervalued prior to this dump.
The value in Peloton is the large number of monthly subscriptions providing a steady stream of cash. They absolutely do employ their own trainers, all the classes are proprietary. Users have developed connections with those trainers. First mover and brand loyalty. I love the platform. Doubt that I will ever return to paying for a monthly gym membership. No doubt that competition has increased. As Covid dies down, more people will return to gyms but will most likely retain their Peloton membership as it is modest, especially if they purchased the bike or tread. Would seem to be an attractive acquisition target given its current market valuation.
Glad I didn’t wait for the drop to the 200 day moving average for MSFT. I did see that “Wall St” puts a 60% chance on the deal ever closing. To me that is basically a 100% chance then based on recent history.Big time crushed!
Sony shares tank over 12% after Microsoft and Activision's $68.7 billion tie-up plan
Investors fear Microsoft's planned acquisition of Activision will bring more competition to Sony's PlayStation and take away key games from Sony's platforms.
LOL! Beat the S&P 8 out of the last 10 years with our largest account. Nice try though.
This is as silly as what a Josh Brown - Pete Najarian fight would be.
T Rowe Price funds baby. My first 401k offered all of their greatest hits, including some currently closed funds. Been crushing the S&P since 2005.
LOL on you. 😜
You are right. No need to argue. If he gets it, then he get it. If not then his loss. I tried to tell him. Look at the chart. Better entry point for AAPL will be between $145-160. $170 and $165 is too high. For his sake, hopefully he will learn.
Sold half of my position at 50.90. Think there could be some resistance in this 50-52 area so I figure sell around the midway point. I can't complain about such a quick bounce and return. Will see if the rest can get up to the mid 50s, maybe even high 50s-60 over some time. I'm comfortable holding a name like Unilever. If that news comes to fruition or more rumors come out it could tank again.
Peleton news. Not a great sign...
www.cnbc.com
Peloton insiders sold nearly $500 million in stock before its big drop, SEC filings show
The wave of insider selling started when the stock surged past $80 in the fall of 2020, and gained momentum in 2021 as it held above $100, SEC filings show.
I think the company is in trouble and I never considered buying it. The sale by insiders, though, was part of a 10b5-1 that schedules sales a predetermined number of shares at predetermined dates. Not that that changes the poor outlook for the company…Peleton news. Not a great sign...
Peloton insiders sold nearly $500 million in stock before its big drop, SEC filings show
The wave of insider selling started when the stock surged past $80 in the fall of 2020, and gained momentum in 2021 as it held above $100, SEC filings show.
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200 day is 147 for AAPL so I see what you are saying. However the NASDAQ has already broken through the 200 day moving average and there is no guarantee AAPL ever dips that low barring unforeseen bad news. There isn’t anything necessarily magical about what prices were back in September I guess would be the point…being fully aware that 200 day is widely used however.
Ya, if you really want to add to AAPL you don't wait till it hits the 200 day as it may not do so anytime soon, and when it does that 200 day could be considerably higher than where it now is.
Looks like T2K was willing to DCA in $5 dollar stock price increments if AAPL were to drop.
Sounds like a fine strategy.
For me, AAPL is a good company but doesn't mean I'll buy/trade it at any price. It's hovering at the 50DMA right now, last time it breached that was September 2021. It could have some support here. It's trading at 30 times, so I don't consider that particularly cheap. It's had moves down of 10, 13, 20, 25 percent over the last 18 months. It's currently about 8-9% down off the highs. It's not particularly oversold on any longer term basis, not too much either on shorter term basis. It has support in the 155ish area before the 200DMA. A 20% move down off the highs would also put you around the 200DMA.
I have the stock from long ago as part of buy/hold stocks I own but as a trade or to start position, this isn't particularly an attractive area IMO. I've said before I don't have FOMO. If it were to turn around and go up so be it. It wouldn't be the first time it happened to me. I have to be comfortable with where I buy something and be willing to own at that price if necessary.
Even with the recent drop it still sell's at a higher P/E than it's pre covid levels.
The drop peaked my interest, and maybe there is a couple % rebound day somewhere(didn't get that today though, down another 3.6%) but nah. Much more interesting options out there imo.
What do you make of AAPL holding up much better then the other mega caps of late? Good sign, or potential for catch up to the downside?
Edit: I don't own, and not really looking to buy, just curious as to what people make of aapl and how that relates to the market.
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