OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
That's interesting. Need to look into that. Nice to see M&A and IPOs picking up.
That thing looks like it's going to zero, but if you want to buy it I would wait until a big blow off day of selling in Treasuries. It's been fairly orderly selling recently.
Bonds are for old men in rocking chairs. At least TMF has some juice to it! :)
Sure, go for it. How is the LABU, CURE trade working out? I will say it once again, these investment vehicles are best used for short term trading and not buying them for long term holdings.
Still up on CURE. Not up on LABU. LOL! I will add to both at appropriate levels. Holding long (2x is a good target to sell).
Held TQQQ for over a year, made out like a bandit.
No, no, no. Although long dated bonds may find a bid here (some support), they will continue to get rekked into ‘24. Those looking for yield should stick with MMF’s loaded with instruments with 1-3 month maturity. T-bills ok also. Anything longer = pain ahead.
Bump for added context. Dollar looks to be strong through 2023. 2024 might see a nice MSFT bump up in stock price based on dollar weakening alone (although if MSFT can’t figure out a way to get an AI revenue bump then nobody can). And no I’m not a believer in BRICS…and if you believe Bitcoin is a currency, please move to El Salvador😂.
Been eyeing WOLF for a while, but haven't bought yet. Any ETA on them becoming profitable?
They've invested $$$ in the new Mohawk Valley NY production facility and will also complete "The JP" production facility in NC next summer with production ramping up quickly. Profitability should come in '25.
WOLF is officially on my Buy and Hold watch list. Saw that is popped 6% today. I think next week will still be choppy, so it may provide a nice opportunity to add.
Haven't watched it yet. May be tough to get through 1 hour and 50 minutes of irrational bear talk. LOL!
He makes a point to characterize himself as a "bubble historian." And he admonishes the hosts who cite that "perma-bear" tag.
You'll enjoy his talk. And will learn a few things.
Saying he is a bear is probably the wrong term. He is a paranoid doomsday predictor. Been saying the market will explode for the past 12-13 years (and counting).
To watch later:
And for @RU-05
Watched/listened to the entire episode. My thoughts:
1. JG is very impressive, smart, and honest. Definitely a scholar on markets.
2. Nothing like the Doomsday caricature the media portrays him to be.
3. His QuantumScape story was priceless.
4. Very interesting to hear about his model and what markets like/don't like (#1 variable being high inflation).
5. He admits his model has been wrong for the past 7 years due to FAANG/Magnificent 7. These companies have "broke" his model due to their size, quality, ability to grow horizontally, and buy the competition. He says the only way this will likely change is via government regulations.
Bottom line conclusions:
1. I'm even more bullish on big tech and how they are changing society.
2. Whenever we eventually head into the next recession, get the f out of small caps.
3. Don't invest in Japan. LOL!
Finally, UNH came back from a 35 point drop the last two months. I’ve been buying UNH as it went down but didn’t expect it to drop to $475 and brought way more than I expected, about 70% of my stock holding. However, I knew it would come back. I sold about 40% the last two days but expect it to go higher getting close to earning season. I will buy more if it drop $25 and sell if it continue to go up. This stock offset any loses I have from the Tech stocks for the last month or so.
Mostly in CD, treasuries and now cash at about 75% and only 25% in stocks.
Mostly in CD, treasuries and now cash at about 75% and only 25% in stocks.
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The fact that he embraces the bubble narrative leads to the caricature.
But yes a really great interview. The compound boys even put on button ups out of respect. Had a bonus portion to boot.
FYI - FS Insights/Tom Lee's stock list is having another great year. Up about 600 bps against the S&P. Been building a nice position with this basket.
FYI - nice pop for LABU today, so I sold the position (final loss of about 10%). Hoping to see XBI dip below $70 and then I may jump back in. Biotech will have a long run sooner or later. Eyeing a few call option plays based on PDUFA dates.....CSPR and BLUE. These events hit in December, so still a while to go.
Hey T2k , you work at a NJ biotech, maybe my nephew‘s. It popped 80% today and I sold my shares after hours. Do you know the company?
Oh, I see the company is being acquired. Maybe my nephew will need to find another job. They were waiting for another company to buy them and cash out their options.
Oh, I see the company is being acquired. Maybe my nephew will need to find another job. They were waiting for another company to buy them and cash out their options.
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No, my company is not getting bought.....yet. :)
Yes, you normally need to wait for the purchase to be complete and then all the stock options will vest. Hopefully, he has been there for a while to accumulate plenty of equity!
This is how the game works. The company tanks and you need to find something else. Or it hits, gets bought, and shares skyrocket. If/when we get bought, I have enough equity to net $5 to $7.5m depending on purchase price. Big money no whammy! LOL. Fun industry.
No need for GLD now lol
www.cnbc.com
Costco is selling gold bars and they are selling out within a few hours
The retail warehousing giant is your one-stop shop for 1 ounce gold bars, handsomely detailed and ready for purchase.
I keep reading that gold and silver are about to pump.....being hearing so for months now. We shall see, but maybe the goldbugs just keep crying wolf?No need for GLD now lol
Costco is selling gold bars and they are selling out within a few hours
The retail warehousing giant is your one-stop shop for 1 ounce gold bars, handsomely detailed and ready for purchase.
Metals market is brutally manipulated, especially etfs. I avoid like the plague.
They sound like the crypto pumpers….except they’re much older.
