Hmm, Disney has its own bundle.....Disney, ESPN, and HULU. Perhaps add Disney+ and its network to a premium WMT membership? Sounds better for Costco.
OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
Guess fortune favours the brave. 52 wk high was 368. See, timing the market does payoff. DCA would not work here.
DCA always wins, the data is the data. Can't argue with it.
Google it, plenty of analyses online that show the power of DCA. I trust you to do the research yourself. Good boy! :)
I did. If you DCA with COIN, you would’ve lost your shirt. Like you said, can’t argue with data.
DCA always wins out, can't argue with data. Doing it with everything and you will benefit.
I was thinking the same exact thing. He goosed the stock and then sold.
Elon Musk sells 7.92 million Tesla shares worth $6.88 billion
Tesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion, according to a series of financial filings published Tuesday night.
TO THE MOON!!!!!!!!!!!!!!!!!!!! LOL.
8.5 YoY on CPI (under expectations)
0.0 MoM on CPI (also under expectations)
Lots of MoM negatives in the chart, including travel costs going down. The stickiest items seems to be rent.
8.5 YoY on CPI (under expectations)
0.0 MoM on CPI (also under expectations)
Lots of MoM negatives in the chart, including travel costs going down. The stickiest items seems to be rent.
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At the end of the day inflation couldn’t go any higher without rioting in the streets. Issue is that although inflation may have peaked the damage is already done. Nobody is lowering prices on goods/services unless the bottom drops out of the economy.
It's okay to stop being a bear and thinking more optimistically. Try it, you may like it! :)
price increases are sticking and suppliers in many parts of the economy are planning more raises
you can't look at the mkt as a bear or bull, it's about making money.
8.5% (gov't number remember) is high and not going coming down for any foreseeable future. No one should be celebrating 8.5% which is a faux number as now we're seeing 12oz packing that was 14oz that used to be 1lb to avoid further sticker shock. nothing about current goods or price inflation is good
Doesn't matter if it is "high" or not. Just that it is lower than expectations.
Fed now seen delivering 50 bp hike in Sept after inflation eases
Agree. I think folks ignore the fact that 8.5% sucks and deflation is prob the only way it comes down meaningfully at a micro/macro level. I’ll fully admit I’m not optimistic about the rest of 2022 and we will take some lumps in the Fall. There will be some good buying opportunities for sure.
We already had some great buying opportunities, sounds like you missed them all.
Exactly the opposite - those buying opportunities enabled me to sell some positions this week because after DCA’ing for a few months I finally got back into the green on a few positions I was not happy with. I’m still heavily invested but now sitting on cash and ready to deploy it at the right time.
Great inflation data point today. Still got PPI tomorrow, but the rest of August may be pretty chill. My fun/leveraged account is looking so nice. :)
A question on DCA and a nice dilemma to have. What do you do when you start a new position with the intent to DCA into a larger position but the price goes up? Do you buy more at the higher price or do you sit on a smaller position and enjoy the increase in price but with a smaller number of shares?
I am talking about a stock or ETF, not a fund. I hate to buy higher and will generally write a put at a lower original cost to generate some income and if I get assigned, I do in fact end up buying at the lower original price. Of course, this assumes the fundamentals of the stock or ETF remain sound.
Okay, for an ETF, especially a broad index or sector index, I would figure out your amount and set a time for normal buying. For our brokerage E-Trade account (which consists of 8 ETFs), we deposit the same amount every other week. I have been buying fully every 2 weeks since all the ETFs are way below all-time highs. Keep that in mind, if you start an ETF position now, you are already getting it lower that before. Over time, indexes go up.
Now, to be honest, I do adjust the buy timing by a day or so in case the market is doing something crazy, but in general, I stick to the plan.
As for stocks, that really depends on the specific stock. I'm not a stock guy. I play the market mostly with ETFs, funds, and leveraged ETFs.
It's always great to have that plan in place and go with a disciplined approach. I have started to unwind individual stock positions and reallocate those dollars into ETF's. It's a great way to reduce risk and not expose yourself to one individual company.
Generally speaking, with the ETF's (including the 3X), all you are trying to do is capture the general direction and momentum in the market. You can fine tune that direction with sector, international exposure, dividend or CAP plays (i.e. - micro, small, large). Many times, you don't need to over-think it and just go with a general market index.
I'm still forming my leveraged ETF strategy, but it may be around buying new positions when the market drops 15-25% off of ATHs. I will ride the 2x or 3x back to ATHs and then assess. Should I dump and wait for the next correction/bear or stick with them for a while longer? I am currently holding TQQQ, UPRO, URTY, and SOXL. I will likely dump the latter 2 once reclaiming ATHs, but hold TQQQ and UPRO further.
As for normal ETFs, set them and forget them! :)
you need to stop reading the mouth breathers on cnbc etc because all the conjecture about expectations is just that; conjecture. Reality is far worse than what we are seeing and the yield curve is expressing that. Fed will hit with 50-75 again coupled with the fed balance sheet rundown and banks restricting balance sheet loan items does not bode well for growth.
employment is a red herring as the jobs being added are not high paying skilled jobs thus complicating the analysis.
play it defensively
I can’t say I have a proven strategy in this scenario but my tendency is to sit tight and wait for a pull back unless I’m really bullish on a stock. And if the stock runs away from me I don’t get too twisted since I’m already in the green. My general thinking is there will almost always be an opportunity to buy more in the future if I’m patient.
One of the biggest warning signs for me is the return of meme stocks. People are getting too enthusiastic about the summer bear rally which is why the message boards are suddenly buzzing.
I would also add that wages are not nearly keeping pace with the rate of inflation
That same thought about the meme sticks occurred to me too. Plus I feel like it’s near a ceiling in that 4000-4100 area. Markets been holding steady for now though.
consumer debt not including mtg is over 25% that should scare the fk out of people. Couple this with consumer revolving debt up another 60 billion by last measure and whoaaa nelly
Yes, great point. I didn’t realize until recently how consumer debt levels have rapidly increased and are higher than pre-COVID. Personally, I have zero debt other than a reasonable 15-year mortgage at 2% so it’s hard for me to understand people’s spending habits. Then again, I’ve plowed all my money into investments for past 20 years since I started working. I’m in LBI this week and feel like the poorest guy in town = million dollar homes are being built on every block and every other car seems like a brand new X5 M50i. Plus, I just paid $15 for a gyro for lunch and food prices across the island are insane.
Up 5.5% after hours on earnings
www.cnbc.com
www.cnbc.com
Disney streaming subscriber growth blows past estimates, as company beats on top and bottom line
Disney posted better-than-expected earnings on both the top and bottom line, bolstered by increased spending at its domestic theme parks.
Disney raises streaming prices after services post big operating loss
Disney is unveiling a brand new pricing structure to incorporate its ad-supported Disney+ service.
Just my personal opinion and it’s certainly not the only “right answer” but I don’t try to time the market. If I like the company and sector I don’t care about short term fluctuations. If I were a “trader,” which I’m not, I’d be concerned about fluctuations—but I’m not. Having said that, I do respect people who trade daily and use options and/or leverage, if ot works for them.
With regards to DIS, it bounced off support in the low 90s and now is firmly above the 50DMA with this ER and the 200DMA is in the 130s area.Up 5.5% after hours on earnings
Disney streaming subscriber growth blows past estimates, as company beats on top and bottom line
Disney posted better-than-expected earnings on both the top and bottom line, bolstered by increased spending at its domestic theme parks.
Disney raises streaming prices after services post big operating loss
Disney is unveiling a brand new pricing structure to incorporate its ad-supported Disney+ service.
