OT: Stock and Investment Talk
- Thread starter RU-05
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I've seen that. She's willing to buy more but waiting for things to settle. I didn't do the 3 day rule but I'm Joe Retail lol but it's sensible to do that. I prefer to make trades in the late morning or last couple hours but I don't always do that. Would have been good today or wait another day but I'm okay where I picked up FB. I'll buy more if it drops further.
AMZN with good earnings so it can help buoy and reverse some of what FB did today. Let's see their guidance.
AMZN increasing the price of PRIME. Pricing power important in an inflationary environment and they probably have it.
I follow this thread because I generally find it entertaining and feel like I can add value occasionally. I really find it interesting to read everyone's investment styles and theories. So that got me wondering how many of you were seriously investing during the dot.com bubble of 1999 and experienced the lost decade of the 2000's? I know I lived through it but it changed my perspective on profit taking, diversification, etc.
I was investing in the dot.com period but never brought any dot.com stock too overpriced, didn’t get hurt since it only affected high flying tech stocks. I escaped the dot.com, 2008 crash and March 2020, I was mostly in cash for the last 2. Cramer actually called the 2008 crash the week before and told everyone to get into cash. I was already moving into cash. I was in Rutgers grad school in the 1987 crash and running to try to buy BMY but brokers wouldn’t answer their phones.
FB PE is 17, not a high flying tech stock.
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I was still at RU/grad school for the dot.com bubble. Started really investing in 2005.
I need to see Amazon before
I’m not convinced AMZN will hold these levels. So far, it seems like a decent quarter but this may be more of a reaction to the fact that it was down big today so now people are relieved.
I bet the street is loving that AMZN can give inflation the middle finger. AMZN may become another big tech safe haven.
I was after that but was doing this for a bit before the crash, which as far as I'm concerned is as scary as it gets lol. I survived that so I'd like to think I'd survive anything else that comes in my lifetime.
I repeat it here often. I'm just a nobody joe retail. Nothing special and don't consider myself anything whoop dee doo. But my general principle is stick with good/high quality names (large/megacap) and you'll be okay in the long run even when things are scary as hell. Buy them at reasonable valuations and if things are volatile widen your buy points and then over time they often come around. You won't see me in marijuana stocks or latest fintech (I don't consider V, MA my faves in that space or even PYPL that) or gambling stocks like draft kings etc.. I hang out in the big names that most people know and with some technical, candlestick, charting knowledge it gives me a level of safety and comfort.
The one place I've ever taken a hit in badly was in some banks in the crash. And just as a typical retail person would react I'm gun shy on those kind of companies now even with all the tighter regulation, capital requirements they've had put on them since. I know they're tightly regulated but still have that in the back of mind feeling. But overall it was okay for me (I still have core positions built back then) and why I've never left the market during and after the crash and am not gunshy on the market in general.
That’s true look at GOOG lost over 100 today I ‘ll buy more AMZN and GOOG when they go little further down
Of all the beats I’m blown away by SNAP. I thought about buying it today but the sting of Meta changed my mind. I’m still holding Meta but Snap and TikTok are clearly putting a beat down on FB, Instagram, etc.
Yes, but I sold some and will buy soon. The split is in July
I got to recover my FB loss.
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Yeah, I own PINS and it was way oversold. Wanted to buy more this morning but, again, Meta pissed me off so I was sour on the entire sector today.
Too much buying and selling! My latest round of stock purchases will likely become longer holds. My new NVDA stock will be moved to my "hold forever" list since I didn't own it before. The others I may sell when they hit ATHs.
My only buy today was more of the leveraged ETFs. I'm mostly good with stocks for now. Still tracking a few new ones.
Good Lord, SNAP is now over +50%! The power of making profit.
www.cnbc.com
Snap shares rocket as much as 62% on first-ever quarterly net profit
Snap reported earnings for the fourth quarter Thursday that beat analyst estimates on earnings, revenue and user growth.
It was solid to good like I said not great but going into earnings AMZN was eh too so it can have this reaction. The twenty bucks on Prime is something too and they’re not likely losing any members over it.
I agree with you though, I don’t know that it will hold either so I’ll sell some that I bought recently and take some profits.
AWS growth at 40% and increasing. Pricing power to mitigate inflation. Also, the broken out ad revenue for the first time and it's $10b (bigger than YouTube). That's why AMZN is up.
HUGE turnaround. Down 20% from yesterdays close, to now up 50% from todays closing.
In on Pins, not on SNAP though I've been playing it a little in options(don't own calls though).
Both have fwd looking earnings growth that look very promising.
Josh Brown noted it earlier today, and Guy Adami just made a similar point. But FB's name change was either a huge tell of a slowing business, a poor tactical move, or both.
She and Josh Brown had a pretty heated(relatively speaking for the half time) back and forth regarding that move a week or so back.
Now Brown was not predicting this downward move from Meta, but just didn't like selling Google to do so, as he see's Google as a fairly valued growth stock in it's own right. A reopening play to boot.
Keep in mind that stocks like AMZN were down big, including high single digits today. So, while this move looks crazy it’s just retracing recent levels. Look what AAPL and MSFT have done since earnings = basically flat and are still way down from ATHs. These huge swings are not indicative of a healthy market.
You had me till the last sentence.
I think these moves are indicative of how much money is still out there. It's just not sure where to go.
Just a lurker here, but thanks for the bad memories. About 3 years out of college, first job, so was investing what i could, and buying on margin. Learned a great lesson about using leverage. Not fun getting margin calls when I really didnt have much extra money around.
Definitely shaped the way I approach the market now.
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