OT: Stock and Investment Talk
- Thread starter RU-05
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I guess it is a millennium generation thing. There are a bunch of them and some very popular.
The next two weeks are critical for short term investing. Big tech is the last holdout in this down turn. My guess is that if the earnings, guidance looks good and market responds positively then we will see things stabilize. If the earnings aren’t good then look out below. I would advice to wait until putting more money in the market. You may miss the bottom, but will feel much better about the buying point.
Powell is speaking on Wed. Press conference at 2:30pm. May be more impactful than earnings.
Related to doing a deal before rates rise and borrowing costs go up?
Yeah, you tube is great; helped me install a car radio, and change the tension springs on my garage door….. Never thought for a second to view it for stock guidance
Well, it means we are getting there. Impossible to predict the bottom, as you very well know. I’m not selling what I have, as I have a very high cash position already, but not jumping in. I might buy strategically today (beaten down stocks that have strong and consistent earnings), but no big moves.
Looks like today could be ugly, but hoping for the best
When a day starts this badly, it normally ends better (and vice versa). If Powell says on Wed that he's sticking to the plan as laid out without unexpected surprises, the market may go north quickly.
PYPL reached that 155 support at the open. Next support I think is in the 120s give or take.
MSFT breached the 200DMA for a bit.
MSFT breached the 200DMA for a bit.
Anyone have thoughts on other potential take-out targets? I would put PINS in the “likely” category mainly based on the recent PYPL deal that fell apart. Seems they are willing to sell and at this price way more attractive. Could be a nice compliment to many diff business from social to B&M.
If only I was that smart. I have on rare occasions owned stocks that gotten taken out over the many years of trading but that was just dumb luck. Often you hear this company is attractive M&A target but it never comes to fruition. For me personally, I don't pick stocks based on being an M&A target because unless you're an insider it's just so hard to know That's something I'd consider a "bonus" reason to buying a stock but it wouldn't be my main reason for buying one.
Just spit balling I'd stick with the space you've mentioned in the past....media. I think it's reasonable that consolidation could happen in that industry or a tech player comes in but to guess which ones...who knows. Maybe Viacom or Lionsgate but IMO that's just guessing to a good degree.
Out of another 1/4 of UL at 53.25. It's about at the level it was before the big drop on the GSK news. The last 1/4 I'll let ride for now. Could be putting a hammer on a longer term chart which could signal a nice move to the upside. But when the entire market is really skittish it's hard to go against the current. It is in the right sector though for where people will flock to in times of uncertainty.May end up hanging on to some of the Unilver stock longer than I planned. Nelson Peltz taking a stake in it. I owned and still own some of the PG stock when he was instigating change there. Sold 1/2 already, maybe sell another 1/4 if it reaches the higher targets I mentioned earlier and then let the last 1/4 ride and see what Peltz can do.
Nelson Peltz Takes Aim at Unilever
An activist investor adds pressure as Unilever seeks a new strategic direction.www.nytimes.com
I think we see some moves in online/sports gambling this year. Wynn already announced their intentions to sell their sports betting app citing high costs for customer acquisition. Other smaller names I think could be acquired include PointsBet, Rush Street and Genius. DraftKings has taken a beating and people always talk about Disney buying them out as they have a large holding already.
SOFI...go back from whence you came. Hope those who like that one were able to cash out on the big 30% move of the bank charter news. It's all evaporated for now. I think someone, maybe you, had an order for it under 12.
Got a little MSFT at 285 like I mentioned above.
GOOGL I think maybe around 2400 area might be interesting. Would be 20% off the highs and some support in that vicinity as well. It's getting towards oversold on a medium term basis.
If you look though at a longer term chart it's kind of parabolic after the pandemic low. Some talk of prepandemic levels for stocks from pundits and that would take you to 1500 for GOOGL which would be 50% off the highs. I can't say it'll move that much but things can down further than you think especially given how juiced things were. Like I mentioned maybe even a rethink of is 20% enough? Don't know.
IMO there is only one thing that can stop Google…and that’s the regulators. Good economy, bad economy, it doesn’t seem to matter. The pandemic proved that if you have a business, small or large, Google and FB are their life-blood.
There are way too many players right now so expect a lot of consolidation. Cost of acquisition of customers is everything. They all came out hard at the beginning of football season spending ad money like crazy. That has come down quite a bit and everyone is getting smarter about how they spend their ad $$.
There is also a huge group of digital markets pushing customers to these online betting groups but the cost of customer acquisition is still way too high. Whoever figures this out will be the winner.
You know thinking about it I'll amend my thought a little. I've never used YouTube for anything regarding the market but I think maybe it could be a good teaching tool in the same fashion we use it for teaching us how to fix things like this.
When I learned about charting, candlesticks, moving averages etc..I read tons of books...essentially a time before the internet took off.
But I'd guess a YT would probably be fine for teaching things like that much in the way it teaches how to do this or that in other things. I wouldn't use it for recommendations or what to do in the market but for teaching some basic tools that can be helpful when trading it could be a useful learning venue.
Psychological 1000+ pts down on the Dow for about 3%, SP down about 4%, Nasdaq down about 5%. More blood in the streets but is it enough?
A lot of short term trades are now moving into the “investment“ portfolio. LOL
This why I always stick with high quality at prices I'm wiling to own them. I don't have too much anxiety about it and am willing to average down and buy more at lower prices where I see support and overall market conditions. If the market is skittish like this I'll still buy at lower levels but I may expand out the buy levels. Think big part of investing/trading is knowing your own psychology and what you can handle. When things are hunky dory it doesn't matter but when things go haywire it's important to know yourself.
On halftime they were talking about stock profiles on a recovery, (same for the market as a whole)...is it a V, U or L. As long as it's a V or U I'm good, it's the L I don't want. High quality companies often come around be it a V or U. Names like PTON mentioned above are Ls IMO and will never sniff those levels again.
Kind of a general statement if ever than was one. At prices I'm willing to own them, kind of arbitrary and arrogant.
No one is suggesting PTON is going to its all time high from last year any time soon. But, if you consider the sell off over done, there is value there. Considerable debate about what the value of 6 million affluent monthly dues paying customers is. If they end up getting acquired at a nice premium to the current price, not exactly an L.
Arrogant? I'm anything but....have you seen my statements in this thread. Always say I'm Joe Retail and consider my knowledge base small even though I've been doing this just as a retail guy for a good amount time...in my 20s and I'm in my mid 40s now. Don't consider myself anything special at all. Frankly, the fact that I stick in high quality names shows that I know I'm not whoop dee doo and better be careful in how I deploy money. Won't see me in marijuana stocks, the latest fintech or whatever the hot thing is of the time..I know it's not my knowledge base.
Prices I'm willing to own them..means looking at charts, historical PEs, how far it's fallen and how often that fall has happened in history, are earnings growing, do fundamentals seem okay...etc.. As to general statement, I have put actual prices on stocks in this thread where I see supports and have included just about real time trades. Not a general I'm buying this or selling that statement with no point of reference.
As to PTON. I'm not talking about the price now (no opinion on whether it's value or not at this point), I'm talking about buying at the frenzy at levels way higher. A recovery to that level isn't likely to happen and is a L. I've said this before it's a matter of what price and timing and that goes for high quality names too. At least I'd say it's a company that makes something (although nothing proprietary about it). Maybe it does get taken over but I wouldn't rely on that, it's just speculation and no way to know.
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You are such a broken record. I will still assert that you wait until the big tech companies have reported. May not be the absolute bottom but much stronger conviction.
yeah I am waiting to see how earnings come out before considering this an emotional response in a selloff. TSLA reporting Wednesday will be an interesting one also
Hard to predict earnings and the reaction to them. Companies may bounce or drop. If the price is attractive to you, no need to wait. Just like I did in March 2020.....keep buying on the way down.....keep buying on the way up. You will always do well.
I am in buy mode.
The bounce back from the lows today was certainly noteworthy and may qualify as capitulation. Now do you see the hammer candlestick pattern?
You must have a money tree to keep investing all this money. What did you say that you do, again... CEO of a pharmaceutical company?
Not C-suite, but getting there (maybe). We have a large cash reserve, but most importantly we live well below our means and have plenty of extra monthly income. Our buying is slow and steady, even with smaller accounts. I know enough to know that I'm not smart enough to time the market, so I go step by step.
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