OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Penn National Gaming is taking off. I bought at 28 back in March and sold last week at 61, its still climbing at 72 today. Barstool...
We talked about it above but I think that whole segment has a ton of room to run.
And Barstool certainly makes Penn a strong player in that group.
I own DKNG sold some recently on a big jump day. Not a good trade as it also continues to climb.
Draft Kings is 6% of BETZ' holdings and Penn Gaming 5.5%.
DKNG does have twice the market cap of PENN. Yet a very similar % of the ETF.
Does that tell us anything?
So the recent IPO's are taking money from some of the recent tech runners.
Tech stealing from tech(as they just said on CNBC).
Is that a bad thing? The IPO's are likely overvalued but they are bringing the established tech values down to a more reasonable level.
Tech stealing from tech(as they just said on CNBC).
Is that a bad thing? The IPO's are likely overvalued but they are bringing the established tech values down to a more reasonable level.
Back to 226. It's crazy volatile for sure, and the consensus is still way over valued.
But the question is what is a good price? Would you buy if it got down to $160? I think I would. Given the IPO price, I think even a 33% increase off that is pretty reasonable. And the current price is indicating the market is willing to over pay so even if it were to dip to $160ish I think it would be short lived.
See the recent move of Tesla. Could have been had for $330 a couple weeks ago. Still way overvalued by nearly all metrics, yet if you bought at that level you'd be up 25% right now.
Sold Tesla short at the end of August just before the split and covered a week later for a 10% pop. If I had covered a day later I would have gotten close to 20%. I almost never short but that was compelling. I wouldn't touch SNOW for more than the revised upward IPO price of $120 and I wouldn't buy Tesla now.
I think if Snow hit's $120, the whole market is in the crapper.
I've also been trading for 6 months so........
Too much interest in this one for it to dip that low, unless the entire market is in free fall. IMO at least.
The CL aspect is a level of stupidity to which I'd rather not delve.
So you are sanguine on future utility pricing and futures in those States vs 'red' States ?
I note one of your posts; "I've been trading for 6 months so....."
Is this your entire trading history or just recently ? Just asking for a friend, everyone has to start sometime.
My point was that I was talking about a tech stock and you took the opportunity to talk utilities and the politics of it. I was making no statement at all about utilities.
And yes I got in just after the bounce, my first serious foray into stock investments.
BABA: 3 Stocks That Could SOAR with the Ant Group IPO | StockNews.com
The Ant IPO is expected to be the world’s largest IPO in history and this could give a significant boost to the global digital payments industry. Ant’s parent company Alibaba Group Holding (BABA) and US financial services companies PayPal Holdings (PYPL) and Square (SQ) are expected to record...
In before dave says he's been 3x leveraged short since last Tues.
thanks for the linkBABA: 3 Stocks That Could SOAR with the Ant Group IPO | StockNews.com
The Ant IPO is expected to be the world’s largest IPO in history and this could give a significant boost to the global digital payments industry. Ant’s parent company Alibaba Group Holding (BABA) and US financial services companies PayPal Holdings (PYPL) and Square (SQ) are expected to record...stocknews.com
Post here are about a wide range of events, both in and out of investments.
Pizza, Scotch, Sand Dunes, Lawn Care.
Be prepared for your post to be ignored, praised, or ridiculed.
Ignoring politics in stocks is ignoring basic reasons for them to go up or down.
Like Utilities in States that have politicians that don't understand the power industry. Like putting all their apples on solar energy generation and not maintaining the power plants, power transmission lines and power transmission lanes that act as fire breaks when brush is removed on a scheduled plan. California is the most populous State in the USA and is now calling for residents to unplug appliances, set their thermostats to 78 degrees in the summer heat. Meanwhile the solar cells are not able to produce their rated power because of the smog/dirt/smoke in the air. Which means that electric users must rely more on the electric power that the grid produces or moves from another grid.
My over 25 years as a Registered Representative Series 7 and General Securities Principal Series 24 speaks out.
You can't ignore politics with respect to utilities, but you can ignore 3 weeks worth of smoke that lowers the power production from solar generation that has already or will be mandated in that state. Not even considering the possibility of a federal mandate.
I could have sworn I said the same thing.
As far as Federal anything , the tax credits have to be extended and left at the higher rate to give people more incentive to add solar to their power needs. 26 dropping to 22 is going the wrong way to keep people interested and make more residential homes go off grid, or as much as their power needs allow them to....
I am still interested in hearing from people that have switched to either Tesla vehicles or solar, for their insight.
Nothing in any of these replies has anything to do with the subject of the original post. That being the value of Intel, which just appears incredibly cheap.
From what we've seen thus far the big pharma companies will not make big moves on covid news. Might have long term positive impact on the stock price, but from I've been reading it won't be a big money maker, the benefit will mostly be in the form of good will.
I think if you are looking for a short term vaccine play cruise lines and airlines are the prime areas.
Last edited:
If Pfizer announces a successful vaccine their stock will definitely go up. If it fails, it will definitely go down. Not to the extent of a small biotech, but there will be plenty of movement.
Sure it will go up, but I don't think it will be a large move. At least not like the moves we see when Moderna releases news, or the effect a successful vaccine will have on the cruise lines.
I think if you are going to play Pfizer it's because you like the company as a long termer, not because you are looking for a quick vaccine trade.
Last edited:
Now since we want to talk energy stocks, the one investment I've had over the years that actually did well for me was New Jersey Natural resources. My mother got me into it years ago and I sold a big chunk of it when buying my house. A really strong performing stock historically that has fallen off the covid cliff. Traded just above $20 in 2013, and went as high as $50 in 2019. Currently at $27. P/E of $17. P/S of 1.28. P/B of $1.41, EPS of 1.8. 4.9% dividend. YOY quarterly revenues were up.
As a red state play, my Aunt pointed out IDA(Idaho power). Like NJR strong consistent historical growth. Traded around $50 in 2013, traded as high as $110 in 2019, currently at $81. P/E of $17.51, P/S 3.18, P/B of 1.64, EPS 4.64. 3.3% dividend. yoy quarterly rev up a hair.
Both companies are into renewables as well as fossil fuels.
As a red state play, my Aunt pointed out IDA(Idaho power). Like NJR strong consistent historical growth. Traded around $50 in 2013, traded as high as $110 in 2019, currently at $81. P/E of $17.51, P/S 3.18, P/B of 1.64, EPS 4.64. 3.3% dividend. yoy quarterly rev up a hair.
Both companies are into renewables as well as fossil fuels.
If you have Wells Fargo you might want to dump it, this is one of the dumbest and racists comments I have ever heard from a major CEO:
www.nbcnews.com
Wells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.
He also made the assertion in a company-wide memo June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd, an unarmed African-American man, in police custody.
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Scharf said in the memo, seen by Reuters.
Wells Fargo CEO ruffles feathers with comments about diverse talent
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Scharf said in the memo.
www.nbcnews.com
Wells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.
He also made the assertion in a company-wide memo June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd, an unarmed African-American man, in police custody.
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Scharf said in the memo, seen by Reuters.
Minimal effect thus far.If you have Wells Fargo you might want to dump it, this is one of the dumbest and racists comments I have ever heard from a major CEO:
Wells Fargo CEO ruffles feathers with comments about diverse talent
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Scharf said in the memo.
Wells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.
He also made the assertion in a company-wide memo June 18 that announced diversity initiatives as nationwide protests broke out following the death of George Floyd, an unarmed African-American man, in police custody.
"While it might sound like an excuse, the unfortunate reality is that there is a very limited pool of black talent to recruit from," Scharf said in the memo, seen by Reuters.
Aside from that, all I'll say on the topic here is, if we want to talk about it I think we should start a new thread for it.
Latest posts
-
-
-
FB Recruiting Four-Star RB Jaylen McGill decommits from Rutgers
- Latest: -RUFAN4LIFE-
