OT: Stock and Investment Talk
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GOOGl pulling up the rear post earnings.META goes KABOOM. Big Tech batting 3 for 3 with earnings so far:
Meta shares pop on revenue beat and better-than-expected forecast
Facebook parent Meta reported revenue for the first quarter that topped estimates and issued a forecast for the second quarter that also exceeded expectations.www.cnbc.com
Sounds like a buying opportunity for GOOGL or better yet, GGLL! Younger investors should have been loading the boat with the big boys, including MSFT, NVDA, and AAPL.
GOOGL is my 2nd largest position. Bought in aug 2021 at $136. Bought more on the way down most recently in March at $90. Still in the red.
Not especially cheap at 23x but growth outlook looks good.
If it can catch up in AI that would be a nice catalyst.
Sooner or later, production cuts cost more money than the lower prices.
FYI - Nat Gas is creeping back to the $2 level. Still eyeing that BOIL trade. LOL!
MSFT and NVDA? Did you read the transcripts of MSFT and GOOGL's earnings calls? Both were pimping NVDA chips by name for their AI work.
NVDA is our 4th largest position across our entire portfolio (all accounts).
Stop losses are a good thing but I think tough for Joe Retail to execute sometimes, including myself.
I still don't at times, like the latest tech crash. I started buying some of these big tech names down 20-30% off their ATHs. It was still too early and they went down more but I just kept buying using technicals and widening my buy points because of the volatility. It wasn't pretty on the way down and it might have been smarter using stop losses but the Joe Retail in me still says if you're buying quality (in this case META, GOOGL, AAPL, MSFT, AMZN) it's okay stick with it and have plenty of cash on hand (which is my psychological security blanket anyway in good times or bad). It's worked out just like 2008 and other times just in general. It would have been nice if they paid dividends so you're paid to wait but can't have everything.
The one time I was burned badly using this strategy were the financials in 2008. And like a typical Joe Retail I will not touch financials anymore after being burned. I don't trust them and that their managements (outside of Jamie Dimon and he's not immortal lol) know what's going on in their own banks. FRC is another current perfect example of this.
In other sectors like staples, utilities, pharma, tech etc..it's worked out well but financials are a no touch for me.
Missed NVDA, obviously should have bought when it was in the 100's, too pricey now, will wait for the next pull back, and maybe I'l be nervy enough to buy in.
Wasn't paying attention to what he was doing just saw your post about selling the stock. Thought he was holding the stock on the way down and not selling.
Ya the real trick is to not buy it when it is expensive, but other then that, if you have conviction in a stock, buy more when it's down, not sell, and ride it out.
Otherwise when do you buy back in? What if you wait, it bounces on you and before you know it is above your sell price?
I always say I'm a simple guy. If it's a name I think is high quality and it's getting whacked hard, then I'm thinking that's a time for potential accumulation.
Sure, but I didn't think it would continue to tank, was doing pretty well even at around $12, even though I was put into the stock at $22.50($17.50 for tax purposes as I took in $5 in premium originially) still not doing terribly actually .
And it's a bit of an exercise at this point, and the attention keeps me from messing with my other positions.
I think you just need to go to an option class. You are making a lot of trades that are not matching your investment strategy.
I'm trying to play a safer game, companies with reasonable multiple's and decent growth prospects(though even that requires a crystal ball) but I still have an itch for high beta.
I think there is a good chance that NVDA becomes the first $5T company (over the next 3-5 years). Their chips are powering practically all tech innovations. Do some research and find a suitable level to buy in. Go slow. But seriously, this one should be in your portfolio.
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Did that purchase come with a discount coupon for the Old Country Buffet early dinner special?
Crystal ball stuff I know, but Meta's EPS is projected to double by 2026.
Load the boat. Sometimes the big boys of the future are the big boys of the present (only bigger). The Big 5 are integrated into everyday life for Americans. And the NVDA powers most of it. :)
Ha, looks like E-Trade upped those projections. 2026 EPS was 18.50 at 7:30 this morning. Now it's 19.24. They should definitely be over $20 by opening bell.
When will that be? Cloud cloud cloud was a big thing for quite some time before it's finally come back to earth recently. AI seems in the early innings to me.
The AI craz will phase out when those internet and social media craz's end as well. :)
Nvidia doesn't make its own chips though - nor does AMD.
They draw-up the plans and specs and TSMC and GloFo (Global Foundries) make most of the chips (some by Samsung).
If TSMC gets buggered-up by CCP things will get sketchy for Nvidia .
GloFo was AMDs manufacturing arm prior to divesting.
They actually have fabs in NY and still make stuff for AMD (just not the sub 10 nm chips)
its too bad Intel cant get out of its own way
GlobalFoundries - Wikipedia
AI is a lot of hype - more artificial than intelligent
Its uses probabilities and canned data.
My Google Maps app is AI and its been useful without a lot of hype
The hype is emerging because AI is targeted for control functions
Big Tech got busted crippling 1A so now they can hide behind AI like the WIzard of Oz behind the curtain
AI will still do what its programmed to do but they want people to think its some new all-powerful entity objectively calling balls and strikes.
It can be dangerous still only because it was allowed to be
AI, ESG, CBDC, and social indexing - perfect together.
I mean, maybe there are some legit reasons to be excited...
Promising new AI can detect early signs of lung cancer that doctors can't see
The tool, Sybil, looks for signs of where cancer is likely to turn up so doctors can spot it as early as possible.
www.nbcnews.com
Sometimes a "next big thing craz" turns out to be the actual next big thing for society.I mean, maybe there are some legit reasons to be excited...
Promising new AI can detect early signs of lung cancer that doctors can't see
The tool, Sybil, looks for signs of where cancer is likely to turn up so doctors can spot it as early as possible.
AI is legit, the world's first ad was just done and it's great however, its' still years away. it's coming.....
308 or 6.5 works best:)
308 or 6.5 works best:)
When staples like KO start making AI announcements, okay, perhaps then we are jumping the shark. :)
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