OT: Stock and Investment Talk

[rutgersguy1]

Tech getting hit. AAPL, IBM, AVGO bucking the trend. FB going back into that relative weakness groove again. Not sure I understand the NFLX in sympathy issues I hear mentioned especially at its valuation. Looks like it will retest its lows and earnings might decide bounce off or breakthrough. Still like it though regardless. PYPL/CRM breaking earlier year lows as well. Some previous high flyers....SOFI in the mid 6s now and the bottom of that channel is lower than the last time I mentioned it. RBLX mid 30s.

CL now approaching the top end of its range in the 84-85 area. It's 82 now. VZ at 55, T at 20, Utilities green. Safety/Income play still doing okay.

 

[jtung230]

You and I both agreed there is no such thing as an "EV market". There's only a vehicle market. Now you want to use a metric you agreed was nonsense.

You keep beating the drum that the competition is coming. Where is it coming from? What auto maker(s) are positioned to retard Tesla's growth?

you are asking about competition but don’t want to discuss EV market?

 

[jtung230]

They just hired my college grad niece and are moving her from NJ to Austin.

Wait, why are they moving her to Austin if they don’t have to be in the office?

 

[jtung230]

Lots of companies moving to TX.

Texas can thank Austin.

 

[jtung230]

Amazing forecast! The gap between TSLA and the "competition" just keeps getting wider. Will TSLA be the first $5T company? I think it is down to them or NVDA.

Still think NVDA is in the running for the $5T club? It’s about to hit the 1 handle.

 

[T2Kplus20]

Still think NVDA is in the running for the $5T club? It’s about to hit the 1 handle.

Yes, yes, and yes. Almost every major innovation tech companies are promising over the next 5-10 years require NVDA chips.

To be a good investor, you need to look ahead. You will learn this someday!

 

[jtung230]

Got hit on a GTC order to buy SOFI at 6.60. Totally forgot that was there because I thought it would never get that “cheap”.

 

[patk89]

Wait, why are they moving her to Austin if they don’t have to be in the office?

Good point but since she will be right out of college, some extensive training is likely. But it sounds like she will be going into an office for the first couple of years at least. But I really don't know.

 

[RUinPinehurst]

Good point but since she will be right out of college, some extensive training is likely. But it sounds like she will be going into an office for the first couple of years at least. But I really don't know.

Probably an employer tax advantage/incentive for them, and one for the employee, too. No state income tax in TX

 

[RUAldo]

Got hit on a GTC order to buy SOFI at 6.60. Totally forgot that was there because I thought it would never get that “cheap”.

I’m deep in the SOFI hole…too late to bail now

 

[rutgersguy1]

Still think NVDA is in the running for the $5T club? It’s about to hit the 1 handle.

I mentioned a little while back a 1 handle was very possible for it but I still like the company in general and if it fell enough I might add to long held shares. Have never added since but I do like the prospects of the company in the future. 5T or not, I have no idea.

 

[rutgersguy1]

I’m deep in the SOFI hole…too late to bail now

Not generally a stock for me but if it touched the bottom of the channel its in I might give it a shot for a trade with a stop underneath.

 

[T2Kplus20]

I’m deep in the SOFI hole…too late to bail now

Keep buying, it will pop soon and you can get out (if you want).

Big buying afternoon for me! :)

Bought more USD and UWM. Got GOOGL for under $2500. Eyeing an order for NVDA, but waiting to see if it gets below $200! Might buy anyway.

 

[T2Kplus20]

Limit order posted! NVDA, 100 shares, at $199.99. Will it hit? :)

 

[zazoo2002]

Anyone invested in / consider buy-write funds? Each fund (RYLD, QYLD, QYLG...) aims to track different indices. And, with net yields of 7% - 12%, they might be a nice semi-conservative haven.

Global X Funds - Global X Russell 2000 Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of small-cap companies. The fund seeks to track the performance of the Cboe Russell 2000 BuyWrite Index, by using representative sampling technique. Global X Funds - Global X Russell 2000 Covered Call ETF was formed on April 17, 2019 and is domiciled in the United States. The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 BuyWrite Index. The fund invests at least 80% of its total assets in component securities of the index or in investments that have economic character.

 

[T2Kplus20]

Limit order posted! NVDA, 100 shares, at $199.99. Will it hit? :)

FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF! Missed out by a penny. Redoing the order for tomorrow.

Still added to my NVDA exposure via USD, but I'm itching for more shares.

 

[rutgersguy1]

Limit order posted! NVDA, 100 shares, at $199.99. Will it hit? :)

Why 199.99...might as well leave it at 200. If it was 195, 190, 180, 175 etc..well then at least a little bit of a difference but a penny isn't really making much of a difference. If you really like it was much as you say you do a penny shouldn't be a hurdle.

 

[jtung230]

Good point but since she will be right out of college, some extensive training is likely. But it sounds like she will be going into an office for the first couple of years at least. But I really don't know.

I think they are just cut expenses but that doesn’t sound good for growth companies. That’s why they used the WFH angle. How do you get young talent if you are strictly WFH?

 

[jtung230]

I’m deep in the SOFI hole…too late to bail now

Misery loves company

 

[T2Kplus20]

Why 199.99...might as well leave it at 200. If it was 195, 190, 180, 175 etc..well then at least a little bit of a difference but a penny isn't really making much of a difference. If you really like it was much as you say you do a penny shouldn't be a hurdle.

No investment reason, just the happiness of getting it for under $200. However, when I set the order, I didn't know that it would get down to $200 flat. I may have adjusted the buy price. LOL.

 

[RU-05]

FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF! Missed out by a penny. Redoing the order for tomorrow.

Still added to my NVDA exposure via USD, but I'm itching for more shares.

Not willing to place and extended hours trade?

 

[RU-05]

Bought SNAP at $28 in extended. Have a $32 sell order in. If it hits, I'll put in another buy order at $28.

Edit: Sold at 31.50 Will now enter another buy order which if it doesn't hit, I'll sell some $28 puts tomorrow.

 

[T2Kplus20]

Bought SNAP at $28 in extended. Have a $32 sell order in. If it hits, I'll put in another buy order at $28.

SNAP is up to $31.25 in extended.

 

[T2Kplus20]

Not willing to place and extended hours trade?

I will look. Fidelity gives me that option, but I never used it before. I assume there is a small charge?

EDIT = Just looked - NVDA is up to $202 in extended.

 

[RU-05]

I will look. Fidelity gives me that option, but I never used it before. I assume there is a small charge?

EDIT = Just looked - NVDA is up to $202 in extended.

No fee from e-trade. Limits only though.

 

[RU-05]

SNAP is up to $31.25 in extended.

Ya, sold it.

 

[RUAldo]

Imagine if ARKK didn’t have TSLA…wasn’t too long ago we would have some raging CW debates. Just look at re-opening stocks, spec tech, etc. = so much money has been lost by retail investors in last 6-12 months.

 

[RU-05]

Imagine if ARKK didn’t have TSLA…wasn’t too long ago we would have some raging CW debates. Just look at re-opening stocks, spec tech, etc. = so much money has been lost by retail investors in last 6-12 months.

1)You can't take the HR's out of the discussion when you evaluating a player whose game is based around the long ball.

2)I'm down pretty significantly over the past 12 months, but I was up ridiculously over the 10 months which preceded it.

 

[RU in IM]

Imagine if ARKK didn’t have TSLA…wasn’t too long ago we would have some raging CW debates. Just look at re-opening stocks, spec tech, etc. = so much money has been lost by retail investors in last 6-12 months.

in a recent interview, the great CW said the ARKK fund will return a compounded annual return of 50% over the next 5 years. wow, just wow. Put in $100K and you will have $750,000 in 5 years. And since her projection, the fund is down another 14% in a week.

 

[RU-05]

in a recent interview, the great CW said the ARKK fund will return a compounded annual return of 50% over the next 5 years. wow, just wow. Put in $100K and you will have $750,000 in 5 years.

Sounds modest.

 

[T2Kplus20]

1)You can't take the HR's out of the discussion when you evaluating a player whose game is based around the long ball.

2)I'm down pretty significantly over the past 12 months, but I was up ridiculously over the 10 months which preceded it.

Ups and downs are just the nature of investing. Even "ultra" safe bonds are getting wrecked. We are just sticking to the plan. Dumping new money into our E-Trade account on schedule and holding tight to our allocation levels.

Today was a textbook buying day.....since all sectors were red. Just irrational selling. I put 50% of the remaining cash in my fun account to work today.

 

[rutgersguy1]

in a recent interview, the great CW said the ARKK fund will return a compounded annual return of 50% over the next 5 years. wow, just wow. Put in $100K and you will have $750,000 in 5 years. And since her projection, the fund is down another 14% in a week.

Right on schedule? 😉

 

[RUAldo]

1)You can't take the HR's out of the discussion when you evaluating a player whose game is based around the long ball.

Well, depends on the long ball player - CW starting to look like Joey Gallo. Not Vlad Jr.

 

[jtung230]

in a recent interview, the great CW said the ARKK fund will return a compounded annual return of 50% over the next 5 years. wow, just wow. Put in $100K and you will have $750,000 in 5 years. And since her projection, the fund is down another 14% in a week.

Taking out a second mortgage. This and crypto, my kids college funds are set.

 

[coloradoknight]

Anyone invested in / consider buy-write funds? Each fund (RYLD, QYLD, QYLG...) aims to track different indices. And, with net yields of 7% - 12%, they might be a nice semi-conservative haven.

Global X Funds - Global X Russell 2000 Covered Call ETF is an exchange traded fund launched and managed by Global X Management Company LLC. The fund invests in public equity markets of the United States. The fund invests directly and through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of small-cap companies. The fund seeks to track the performance of the Cboe Russell 2000 BuyWrite Index, by using representative sampling technique. Global X Funds - Global X Russell 2000 Covered Call ETF was formed on April 17, 2019 and is domiciled in the United States. The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe Russell 2000 BuyWrite Index. The fund invests at least 80% of its total assets in component securities of the index or in investments that have economic character.

As I transition my portfolio to generate income, I have been looking at them. I currently only own RYLD. Lots of things to consider when buying these from a tax perspective. The income is either ROC or income. It is not dividends. Also, generally speaking you do not get good growth. Check QYLD. It is designed to pay you X % a year. So, that is what they do no matter what. This can lead to NAV decreasing. Also, it tries to pay X % no matter the NAV. So, if NAV decreases by 50%, the income will decrease accordingly. You may want to check out SCHD, DIVO, JEPI also. Each a little different in how they generate income. All will have more growth.

 

[RUBlackout]

Well, depends on the long ball player - CW starting to look like Joey Gallo. Not Vlad

I will ask her next week in the Bahamas what other predictions she has. She will be at the SALT conference down there and I am sure there will be something she says that will be outrageous

 

[rutgersguy1]

I will look. Fidelity gives me that option, but I never used it before. I assume there is a small charge?

EDIT = Just looked - NVDA is up to $202 in extended.

Well there's the 1 handle on NVDA.

GOOGL making new lows for year too. I have my eye on that one to add a little if it drops enough.

VZ got up a resistance area around 55 but earnings taking it down 5% this morning. Still think that 48-51 range isn't a bad area especially the lower end of that range.

KMB good earnings up 9%...was so tempted a little while back to add to a long position on that in the 115 area where I thought there was support but I didn't..it went as low as 117. Around 140 now after the earnings report. 140-145 might be where it encounters some resistance though.

 

[RUAldo]

I get the feeling this market is cooked for a while. Doesn’t seem to be much new money entering the market b/c so many people spent crazy money on homes, inflation taking bite out of budgets, prioritizing travel, retail traders got smoked, no gov’t stimulus, etc. The last sustained market pop seemed to correlate with corporate bonus time, which I unfortunately threw mine into the market and am seeing too much red.

 

[T2Kplus20]

Well there's the 1 handle on NVDA.

GOOGL making new lows for year too. I have my eye on that one to add a little if it drops enough.

VZ got up a resistance area around 55 but earnings taking it down 5% this morning. Still think that 48-51 range isn't a bad area especially the lower end of that range.

KMB good earnings up 9%...was so tempted a little while back to add to a long position on that in the 115 area where I thought there was support but I didn't..it went as low as 117. Around 140 now after the earnings report. 140-145 might be where it encounters some resistance though.

Was out of pocket this morning until now, but my buy order at $199.95 hit. Did a big buy with GOOGL yesterday as well. Very happy with the action. These shares will go up on my shelf for the next decade or so! :)

 

[RUinPinehurst]

"Massive outflows from U.S. equity funds are just getting started as the Federal Reserve ramps up its hawkish rhetoric, according to Bank of America Corp. strategists."

"Everyone bearish, but redemptions just starting,” said BofA strategists led by Michael Hartnett, adding that the environment of “extreme inflation” and rates shock is just setting in, as the Federal Reserve tightens monetary policy. “75 basis points is the new 25 basis points,” Hartnett said, referring to the scope of future interest-rate hikes.

https://finance.yahoo.com/news/bofa-strategists-see-u-equity-093508112.html