What's that now?Also forgot to add that TSLA enjoyed limited competition thanks to Trump. Funny how GM and Ford are announcing all this EV initiative right after the Biden takes over.
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What's that now?Also forgot to add that TSLA enjoyed limited competition thanks to Trump. Funny how GM and Ford are announcing all this EV initiative right after the Biden takes over.
Unfortunately, that’s exactly what the RH traders are doing. Fundamentals no longer exist with a large segment of retail traders. Enter GameStop. The high short interest coupled with the RH traders’ familiarity with the stores from their video game buying days created the perfect storm. By the way, I didn’t come up with this theory but agree with it.How many people do you think are actually choosing what stocks to buy for reasons like that? The old timers seem to still think that millennials are children running around toy stores.
I like Disney too just not when it has a PE of -115. I also agree on the dividend move but typically a company gets obliterated when it cuts the dividend (as opposed to doubling).Wiping out the dividend is just smart business considering the covid restrictions. They did pretty well cutting costs in general and have been able to survive through this pretty well. I really like Disney given the Disney+ angle plus reopening.
But we know the PE, or lack there of, is a special circumstance, "if" we get post Covid this is a high profit organization.I like Disney too just not when it has a PE of -115. I also agree on the dividend move but typically a company gets obliterated when it cuts the dividend (as opposed to doubling).
I use RH and so do probably most of my friends that have a non-retirement brokerage account, and I don't know a single person that decides their investments based on childhood nostalgia. Maybe not everyone is diving deep into statistical analysis, but at the end of the day everyone is in it to make money. It's not as if they're just liking Disney's facebook page, nobody is investing in a company just because they were a part of their youth. Everyone buying GME was because of the coordinated attempt at a short squeeze followed by others trying to hop on board for the ride up. It was a short-term play.Unfortunately, that’s exactly what the RH traders are doing. Fundamentals no longer exist with a large segment of retail traders. Enter GameStop. The high short interest coupled with the RH traders’ familiarity with the stores from their video game buying days created the perfect storm. By the way, I didn’t come up with this theory but agree with it.
That is a a mantra of some big name old timey investors: "Buy what you know".I use RH and so do probably most of my friends that have a non-retirement brokerage account, and I don't know a single person that decides their investments based on childhood nostalgia. Maybe not everyone is diving deep into statistical analysis, but at the end of the day everyone is in it to make money. It's not as if they're just liking Disney's facebook page, nobody is investing in a company just because they were a part of their youth. Everyone buying GME was because of the coordinated attempt at a short squeeze followed by others trying to hop on board for the ride up. It was a short-term play.
If it was just about what we had when we were kids, then why aren't millennials pouring money into Nintendo, Sony, Microsoft, Apple, etc? When you were in your 20s and 30s, did you choose your investments based on how familiar you were with the company as a child or were you trying to make money?
Trust me, I’m not saying I’m an expert on RH traders, but research has shown that they gravitate towards brands and companies they know as opposed to relying on fundamentals. MS and Apple have been RH trader targets. FWIW, I tend to start my research in areas that I’m familiar with but in the end I only buy companies I believe are good investments as opposed to trades.I use RH and so do probably most of my friends that have a non-retirement brokerage account, and I don't know a single person that decides their investments based on childhood nostalgia. Maybe not everyone is diving deep into statistical analysis, but at the end of the day everyone is in it to make money. It's not as if they're just liking Disney's facebook page, nobody is investing in a company just because they were a part of their youth. Everyone buying GME was because of the coordinated attempt at a short squeeze followed by others trying to hop on board for the ride up. It was a short-term play.
If it was just about what we had when we were kids, then why aren't millennials pouring money into Nintendo, Sony, Microsoft, Apple, etc? When you were in your 20s and 30s, did you choose your investments based on how familiar you were with the company as a child or were you trying to make money?
That is a a mantra of some big name old timey investors: "Buy what you know".
I don't agree with it. I mean, what if you were a newspaper guy? That industry is dying (Buffet fell into this trap). And who the heck knows how a computer chip works? All I know is chips are in everything and that trend is not changing . And oh yeah, big shortage.
From there you look at some basic fundamentals.
Old folks would die broke if they invested along the "buy what you know" line.
I think his was the video that was posted in this thread a couple months back?Might I recommend you read "One Up On Wall Street" by Peter Lynch. He is (was as far as working is concerned) a " buy what you know guy" and ran Fidelity Magellan when it was ringing up returns like the Ark funds in the 80's and early 90's.
Morgan Stanley is a big RH stock? Or MSFT? Both look to be in a pretty solid place.Trust me, I’m not saying I’m an expert on RH traders, but research has shown that they gravitate towards brands and companies they know as opposed to relying on fundamentals. MS and Apple have been RH trader targets. FWIW, I tend to start my research in areas that I’m familiar with but in the end I only buy companies I believe are good investments as opposed to trades.
Hmm, on second thought, SOXX doesn't overlap with HAIL or IDRV that much. Morningstar has a great tool called Portfolio X-Ray and it compares and breaks down holding of funds.HAIL up big today, IDRV a little down for some reason. Overall, another nice day.
I checked out those semiconductor ETFs (SMH, SOXX, and XSD). I believe SOXX has the best portfolio, but I have many of these stocks covered in other funds (HAIL, IDRV, and ARKK). Likely will chill on this for the moment and monitor.
Not exactly a glowing recommendation at the current price and totally legal and reported. To all those who were willing to lose money to "stick it to the man" the Koss family says:
THANK YOU!!
www.cnbc.com/2021/02/04/koss-family-executives-cash-in-44-million-in-stock-during-short-squeeze-rally.html
I've mentioned and have been in on this one for a bit, but I'm not sure I've ever realized how small of a market cap this thing is.
RWLK. Current market cap of just 84 mil.
Only fairly recently approved for medicare approval(something like this). Rev's expected to grow 4x in the next couple years. The former I expect driving the latter. Not too crazy at 14x price to sales.
The technology looks a little funky(U can youtube it) but who knows where it is in a couple years.
Jumping lately. Is that due to RH? Or something bigger?
1) What's this about diversion plays? I dunno about that, but what is the story on KOSS?Koss, was a product of shitty reporting on CNBC. So many of the "reddit stocks" were merely either diversion plays by cnbc or just plain downright lazy reporting. WSB had no commentary on stocks like Koss, Express, BBBY and other random ones that were often put up on the aire and lumped w GME
Reverse Splits always worry me.
I shouldn't even go here, but I'm a couple beers deep.
Just a note regarding my time following the stock market, which admittedly is less then a year. If you want to know what is going on in the world, follow the market and watch the financial channels.
The "News" news? Terrible. Social media news? Even worse.
Just watched this about Polkadot and Cardano. Didn't understand 3/4 of the stuff! LOL. Do any cryptos besides BTC and ETH have a legit future? As in, beyond a limited niche.Koss, was a product of shitty reporting on CNBC. So many of the "reddit stocks" were merely either diversion plays by cnbc or just plain downright lazy reporting. WSB had no commentary on stocks like Koss, Express, BBBY and other random ones that were often put up on the aire and lumped w GME
Reverse Splits always worry me.
Might I recommend you read "One Up On Wall Street" by Peter Lynch. He is (was as far as working is concerned) a " buy what you know guy" and ran Fidelity Magellan when it was ringing up returns like the Ark funds in the 80's and early 90's.
1) What's this about diversion plays? I dunno about that, but what is the story on KOSS?
2)reverse split?
1)So what was the story of Koss?Working backwards here...
2 - The stock you mention performed a 25 - 1 reverse split in 2019. My fave is Tops Ships, which has done 9 or 10 reverse splits in the last decade. Companies often do this to avoid being de-listed. I always worry seeing stocks that have done this.
1 - I've had multiple conversations with people in the media early on when GME-mania first started. AMC & BB were quickly lumped into the WSB narrative, and rightfully so, as they were discussed there. But the other horseshit... Koss, Express, Bed Bath Beyond, Tanger Malls or any other short stock that got lumped in with GME, Reddit or WSB the last 2 weeks, were clear diversion plays away from GME.
I pointed this out repeatedly in multiple conversations that these stocks were getting zero play on WSB, yet the lumping together continued. It was blatantly obvious what was going on day 2 when GME started to moon. Everyone was focused on GME on WSB. Maybe some BB talk, but that was it. That morning, Cramer did nothing but deflect away from GME and talk about BBBY. Blatantly saying WSB was pushing that stock. They werent.
Next day began the dump of every shorted stock together to pull focus from GME. Bots actively trolled WSB pushing other stocks, yet GME kept pumping. Finally, RH and all the others did their actions stopping purchases to kill the stock.
I've done a lot of work in media, and I know how lazy/ eager to plagiarize journalists are. CNBC, WSJ and Fox Business set the narrative that all these stocks are being pushed by one community. Their respective cable news and local affiliates ran with a story that was spoon fed to them, thus "validating" the narrative they put out there aka the diversion.
By no stretch am I a conspiracy theorist. This just plays out so clearly to me its comical. Also, this is going to make a friggen amazing movie.
I like SOXX, it sticks with the big kahunas. XSD is way more nimble and moves things around all the time. It's slowing down after a run where it seemed to outperform SOXX quite a bit. I try to go about 50/50 between those two. Every few months, I benchmark each trade against VTI, QQQ, DIA, and XSD. I don't know of any ETF that has beaten XSD over the past 5-7 years (maybe some ARKs but I don't know how long those have been around)Hmm, on second thought, SOXX doesn't overlap with HAIL or IDRV that much. Morningstar has a great tool called Portfolio X-Ray and it compares and breaks down holding of funds.
Looks like SOXX will be joining our brokerage account. Let's roll!
Fair enough but I think that can be said for most people buying individual stocks.Trust me, I’m not saying I’m an expert on RH traders, but research has shown that they gravitate towards brands and companies they know as opposed to relying on fundamentals. MS and Apple have been RH trader targets. FWIW, I tend to start my research in areas that I’m familiar with but in the end I only buy companies I believe are good investments as opposed to trades.
I have grown increasingly skeptical. Iota and Ripple seemed to have something behind them when I got into crypto about 3 or 4 years ago, but I have yet to receive an explanation as to how the success of the service they offer is connected to the value of their cryptocurrency. I've also noticed that C20, the crypto "mutual fund" of sorts that invests in the top 20 cryptocurrencies which I have mentioned I think way back in this thread, has been severely underperforming compared to BTC and ETH. Seems like diversifying has been a real hindrance.Just watched this about Polkadot and Cardano. Didn't understand 3/4 of the stuff! LOL. Do any cryptos besides BTC and ETH have a legit future? As in, beyond a limited niche.
Yeah and I think SLV is part of that diversion too. I've seen more discussion about the WSB people being idiots for thinking they can short squeeze silver than I have seen actual discussion of doing so on WSB.Working backwards here...
2 - The stock you mention performed a 25 - 1 reverse split in 2019. My fave is Tops Ships, which has done 9 or 10 reverse splits in the last decade. Companies often do this to avoid being de-listed. I always worry seeing stocks that have done this.
1 - I've had multiple conversations with people in the media early on when GME-mania first started. AMC & BB were quickly lumped into the WSB narrative, and rightfully so, as they were discussed there. But the other horseshit... Koss, Express, Bed Bath Beyond, Tanger Malls or any other short stock that got lumped in with GME, Reddit or WSB the last 2 weeks, were clear diversion plays away from GME.
I pointed this out repeatedly in multiple conversations that these stocks were getting zero play on WSB, yet the lumping together continued. It was blatantly obvious what was going on day 2 when GME started to moon. Everyone was focused on GME on WSB. Maybe some BB talk, but that was it. That morning, Cramer did nothing but deflect away from GME and talk about BBBY. Blatantly saying WSB was pushing that stock. They werent.
Next day began the dump of every shorted stock together to pull focus from GME. Bots actively trolled WSB pushing other stocks, yet GME kept pumping. Finally, RH and all the others did their actions stopping purchases to kill the stock.
I've done a lot of work in media, and I know how lazy/ eager to plagiarize journalists are. CNBC, WSJ and Fox Business set the narrative that all these stocks are being pushed by one community. Their respective cable news and local affiliates ran with a story that was spoon fed to them, thus "validating" the narrative they put out there aka the diversion.
By no stretch am I a conspiracy theorist. This just plays out so clearly to me its comical. Also, this is going to make a friggen amazing movie.
I tend to agree with you. Kramer probably made a fortune off pushing the BBBY narrative during the GME madness as an under the radar play. And, since it’s a NJ based company I guarantee he has close ties with management and helped them out. I wonder if BBBY insiders were selling like Koss.Working backwards here...
2 - The stock you mention performed a 25 - 1 reverse split in 2019. My fave is Tops Ships, which has done 9 or 10 reverse splits in the last decade. Companies often do this to avoid being de-listed. I always worry seeing stocks that have done this.
1 - I've had multiple conversations with people in the media early on when GME-mania first started. AMC & BB were quickly lumped into the WSB narrative, and rightfully so, as they were discussed there. But the other horseshit... Koss, Express, Bed Bath Beyond, Tanger Malls or any other short stock that got lumped in with GME, Reddit or WSB the last 2 weeks, were clear diversion plays away from GME.
I pointed this out repeatedly in multiple conversations that these stocks were getting zero play on WSB, yet the lumping together continued. It was blatantly obvious what was going on day 2 when GME started to moon. Everyone was focused on GME on WSB. Maybe some BB talk, but that was it. That morning, Cramer did nothing but deflect away from GME and talk about BBBY. Blatantly saying WSB was pushing that stock. They werent.
Next day began the dump of every shorted stock together to pull focus from GME. Bots actively trolled WSB pushing other stocks, yet GME kept pumping. Finally, RH and all the others did their actions stopping purchases to kill the stock.
I've done a lot of work in media, and I know how lazy/ eager to plagiarize journalists are. CNBC, WSJ and Fox Business set the narrative that all these stocks are being pushed by one community. Their respective cable news and local affiliates ran with a story that was spoon fed to them, thus "validating" the narrative they put out there aka the diversion.
By no stretch am I a conspiracy theorist. This just plays out so clearly to me its comical. Also, this is going to make a friggen amazing movie.
Great stuff, thanks for the reply. I looked at all 3 (SOXX, XSD, and SMH) and honestly, we are somewhat splitting hairs. Interestingly, all 3 look to mirror different semiconducter indexes, so their portfolios vary quite a bit:I like SOXX, it sticks with the big kahunas. XSD is way more nimble and moves things around all the time. It's slowing down after a run where it seemed to outperform SOXX quite a bit. I try to go about 50/50 between those two. Every few months, I benchmark each trade against VTI, QQQ, DIA, and XSD. I don't know of any ETF that has beaten XSD over the past 5-7 years (maybe some ARKs but I don't know how long those have been around)
Fair enough but I think that can be said for most people buying individual stocks.
I'm retired and volunteer at a charity. We had to meet on Zoom. I bought the stock because I figured if I was using it at my age, people in business must be using it. If I like a product I often buy the stock.
Peter Lynch ran the most famous, and during his tenure, the most successful mutual fund, Fidelity Magellan. Its now being turned into an etf, FMAG, for large cap growth stocks. Lynch was famous for visiting companies, stores, warehouses, etc personally as a consumer. He also wouldn't invest in a company that he didn't understand. Those were simpler times. Companies' products are much more complicated these days, the majority of those I invest in that I barely understand how they work.That's Lynch, with him going further and looking at the financials. He didn't look at the code, he looked at what you looked at.
Peter Lynch ran the most famous, and during his tenure, the most successful mutual fund, Fidelity Magellan. Its now being turned into an etf, FMAG, for large cap growth stocks. Lynch was famous for visiting companies, stores, warehouses, etc personally as a consumer. He also wouldn't invest in a company that he didn't understand. Those were simpler times. Companies' products are much more complicated these days, the majority of those I invest in that I barely understand how they work.
Yes, its one of the factors in the rise of bitcoin. In fact, they will be merging with a SPAC, FUSE, to go public. I bought FUSE a couple weeks ago in anticipation of the BlockFi merger.Question for the crypto guys: Did you ever hear of Blockfi? its a Crypto Bank that is setting up an crypto trading platform. Any thoughts?
Do More with Your Crypto
Don't just buy crypto - start earning on it. Open an interest account with up to 8.6% APY, trade currencies, or borrow money without selling your assets.blockfi.com
I jumped into Galaxy Digital last week. I don't think it is apples and apples with SPAC and FUSE, but still in the new crypto banking space.Yes, its one of the factors in the rise of bitcoin. In fact, they will be merging with a SPAC, FUSE, to go public. I bought FUSE a couple weeks ago in anticipation of the BlockFi merger.
For a funds guys, you're doing a lot of stock picking!I jumped into Galaxy Digital last week. I don't think it is apples and apples with SPAC and FUSE, but still in the new crypto banking space.
Yes, its one of the factors in the rise of bitcoin. In fact, they will be merging with a SPAC, FUSE, to go public. I bought FUSE a couple weeks ago in anticipation of the BlockFi merger.
This is my "fun" account! Just for the crypto market. When in Rome! Our 7 retirement accounts are still all funds and efts. :)For a funds guys, you're doing a lot of stock picking!
You should rename it your T2K ETF.This is my "fun" account! Just for the crypto market. When in Rome! Our 7 retirement accounts are still all funds and efts. :)
My crypto portfolio = GBTC, ETHE, Hive, Galaxy, and Argo Blockchain
+1 - 5 holding and counting (but very top heavy with the GBTC and ETHE)!You should rename it your T2K ETF.
I bought ETH on PayPal at 1207 a few weeks ago. Was hesitating and should have bought it a week earlier when it was 750.+1 - 5 holding and counting (but very top heavy with the GBTC and ETHE)!
Speaking of ETH. News just hit CNBC:
Ether, the world's second-largest cryptocurrency, hits a record high above $1,700
The cryptocurrency ether hit a fresh all-time high on Friday, surging past $1,700 for the first time.www.cnbc.com