OT: Stock and Investment Talk
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WoooHooo.... This thread just hit jackpot status: page "777"! LOL.
I’m simply talking about access to info before the internet era. I knew local agents that made fortunes by knocking on doors, checking tax records, reading obituaries, etc. The average person didn’t, and wouldn’t, go to those lengths to sniff out deals, not to mention agents knew the comps and were ready to grab a steal. Same goes for stocks - if you read the WSJ or had access to a Bloomberg terminal you had a huge advantage.
CAVA down another 5%…on a pretty green day…insider selling not abated yet?
Gap up was in the low 100s and some support in the low to mid 90s after that.
Gap up was in the low 100s and some support in the low to mid 90s after that.
I’m not disputing having more info helps. However, that’s not how real estate moguls made their money. When you say moguls, I think commercial real estate. It’s a capital intensive game. Money is more important than information.
Residential properties have become a hotbed of investment for commercial/corporate entities over the last half dozen years, turning them into very profitable rentals. NC metro areas have experienced a good deal of this. NJ too?
Stupid people doing stupid things. :)
Overall, good day for the market. Tons of green, even with NVDA blowing off some steam.
Not much of a rug pull, seen many worst. Accounts still in the green today and I'm tech/growth heavy.
Also, tomorrow is PCE.
I think it was a JP Morgan RE presentation I sat through where they are actually building subdivisions to lease out.
I was up .75%. Positioned for the small cap rotation and today was one of those days. RUT was up .66%
Yes, good point. That helped my accounts. HC was also up again (+2-3% overweight for me).
I bought more CAVA. Hoping I’m not overplaying fast-casual but I looked at CMG for years and missed that lay up. Insider selling not unusual given the timing and its YTD performance.
Damn, didn't even notice, but that it is the way it usually works.
But that's all right. I still have some money in my trading account, will take this weekend to see where I want to put it to use.
ZETA was a nice add on that Aug 5th dip. Up 30% since. With the add, and the run up, that's a nicely sized position for me now.
Do think I'll add to AVGO.
Want to add to ULTA on it's post earnings dip, but want to do some research there. Small position at the moment.
Maybe add to CRWD. Was one of my biggest positions. Sold it, been building it back up.
Do think I'll add to AVGO.
Want to add to ULTA on it's post earnings dip, but want to do some research there. Small position at the moment.
Maybe add to CRWD. Was one of my biggest positions. Sold it, been building it back up.
Already up about 60% with my ZETA position. Need to add to AVGO and a few others. Tons of stocks on my watchlist, but need to be patient and buy when appropriate.
Tight 1/2 hour…almost all NVIDIA but my ears perked up when MSFT (and Chat GPT also) got mentioned in a positive light. Still waiting for MSFT to move the needle meaningfully on Search market share but it is now inevitable and almost imminent I believe. Seems to me that MSFT is poised to be the first $5 trillion company.
But, NVIDIA is truly the story of today and at least my 401K has enough (well actually not quite enough but such is life) of it for me to benefit.
MSFT will be at $5T before we know it. Most of big tech will be AI winners. Kind of hard to go wrong!
ARKK has not performed well during this bull run (i.e., since the 2022 bear market bottom on 10/14).
She’s committed to stuff like Coinbase and Roku.🤷♂️ None of her holdings are stonks…except maybe Tesla in the long term when they stop selling EV’s.🤔 Long range hybrids might actually be the future.
Been thinking CSCO. Seemed to be a ton of good feelings following their earnings. MS with a thumbs up, though fairly modest $58 price target. Under 20 p/e. 3% multiple.
Converging trend lines which i figure breaks to the upside with the above considerations.
I need to do some research on CSCO. Not exactly sure of their current product line and services. Seems undervalued.
By the way, this market has broadened like a MoFo. Most of my tech/growth funds are up 20-25% YTD and my value holdings are now up 16-18% YTD (VTV, DODGX, MGV, VIG). They were lagging big-time in early July. Also, small caps now over +10% in 2024.
All my accounts are at ATHs even with the tech/growth dip. Thank you value! :)
So Ives bull case is a 25x multiple on $5 of 2026 earnings?
Luckily Josh couldn’t do the math.
Different topic but has Lee’s team said anything about SMCI?
Let me look for SMCI comments. They put it on the sleeper list a few months ago, which means it’s still on the stock list but has suffered technical damage recently. Not to add at this time. Not sure if this changed after the short drop.
Speaking of SMCI, letter from the CEO this morning:
Super Micro Computer (NASDAQ:SMCI) Chief Executive Charles Liang wrote a letter to the company's customers and partners and said that neither the recent delay to its annual report nor the recent disclosure by Hindenburg Research that it is short the company's stock will impact the pair.
"Neither of these events affects our products or our ability and capacity to deliver the innovative IT solutions that you rely on every day," Liang wrote in the letter, which was also filed with the Securities and Exchange Commission. "Our production capabilities are unaffected and continue operating at pace to meet customer demand. Our world class engineering and support teams are also unaffected and continue to build and deploy large scale AI Total Solutions."
Liang added that the company is "well-positioned" to deliver its product portfolio to its customers and help them meet their IT issues.
Shares were down fractionally in premarket trading.
In addition, Liang also said that Super Micro will have more to say about Hindenburg Research's accusations that he characterized as "false or inaccurate."
"Separately, you may have also heard about a recent report from a short-seller hedge fund that contains false or inaccurate statements about our company including misleading presentations of information that we have previously shared publicly," Liang said. "We will address these statements in due course."
After the close of trading on Friday, Super Micro said that despite the delay to its annual report, it does not expect any material changes to its fiscal 2024.
Tom Lee perfectly called last year's Aug/Sept weakness due to seasonality. Seems to be a weird time of year, but a good opportunity to buy any dips.
Call me crazy, just bought SNAP at $8.85 (brand new position). Also bought short-term SOXL calls assuming a bounce back of today's severely oversold dip.
😁
Regarding SNAP. Up to 1B users and the younger generation (Z) seems to use it as their core form of communication. Those C-suite morons have to figure out how to successfully monetize, right? LOL!
😁
Regarding SNAP. Up to 1B users and the younger generation (Z) seems to use it as their core form of communication. Those C-suite morons have to figure out how to successfully monetize, right? LOL!
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