Big thanks on this one. I think it was you who got me looking at them a month or two ago, and I kept buying a little on their down days back then (obviously not enough though). Up another 11% PM.
We all know by now that this market will never come down again, but just as a hypothetical, what companies are you targeting to buy if we got another sizable pullback? Say the DOW got back to 20K?
Apple, amazon and google if they drop correspondingly. Knew I should’ve loaded up on Amazon and google in March but was a bitch.
I'd like to have NFLX, AMZN, NVDA, SHOP. Would add more to my core holdings: LVGO SE FSLY CRWD CHGG FB TWLO DOCU Need to diversify more but there is nothing I like outside of tech really. I have a small position of JPM but that's about it.
I’m just dumping it into low expense ratio ETFs, probably just keep buying more QQQ. Im super heavy tech stocks individually so I’m looking for another sector to dive into here. Own the following tech plays. Pharma next maybe? AMZN AAPL GOOG PANW TENB CRM NOW WORK UBER
If you aren’t buying Amazon at every dip, you are making a mistake. Jeff Bezos is going to be the first trillionaire, which means Amazon has to go 5x from here. todays price is 5x what it was less than 5 years ago. In my house we take 5 year 5 baggers. If you get a dip, buy it.
Spoiler The markets staged a strong rally yesterday on relatively light volume. The Dow finished with gain of 460 points, closing at 26,298. The NASDAQ and SPX were up 226 and 50 points, respectively. Volume on the NYSE came in at 94 percent of its 10-day average. There were 96 new highs and only 3 new lows. The markets continue to work on retracement Wave 2 up within Major Wave 3 down. After a strong opening, the Dow continued to move higher, exceeding gap resistance at the 26,128 level. I warned about the possibility of this happening last week and talked about the 26,500+ level as a possible target. Yesterday’s rally carried to a high of 26,298. So, what happens now? Well, there are two likely possibilities. The Dow could still rally another 200+ points higher to complete Wave 2 up. Or not. The reason I say this is because of what happened with yesterday’s Sector Ratio. While the Dow was rising 460 points, the Sector Ratio weakened to 12-12 Neutral. Think about this…going into last Thursday’s session, the Ratio was 24-0 positive, telling us to expect a strong rally. Then after Thursday’s 92 point gain, the Ratio fell to 14-10 Positive. Hmmm? Tack on another 460 points yesterday and the Ratio is now down to a neutral 12-12. By falling in a rising market, the Sector Ratio is telling us that while the Dow appears strong on the surface…the overall market is not. It’s starting to weaken. The overall pattern appears to be either a simple a-b-c pattern or a flat. If it’s a simple a-b-c, all waves have been completed. If it’s a flat, it means that the Dow should decline a few hundred points today and then stage one more rally toward the 26,500 level to complete five waves of wave ‘c’ of the pattern. What I’m telling you is that with either pattern, the Dow should be close to completing its Wave 2 up. Once Wave 2 up completes, it should begin to break below the H&S neckline near the 25,000 level and send stocks reeling. My target for the next leg down, Wave 3 of Major 3 down, remains below the 23,000 level with even lower prices possible. The VTI remains neutral at 58.7 with a 2-period RSI at 92.3. So, with no trend and an extremely overbought RSI, the market should decline today. What happens after the decline…another rally to 26,500 or a break of 25,000 remains to be seen? Wave 2s are NOT predictable. The only thing you know is that they will retrace in some type of a-b-c pattern which this Wave 2 has done. One of the things students should be watching for now is impulsive action. If the next decline starts to fall hard with only minor retracements, there’s a good chance that Wave 3 down of Major Wave 3 down is underway. The Market Timing Indicators for the Major Indexes are Positive after Monday’s session. The Dean’s List is Positive, and The Tide remains Neutral. As I mentioned above, the Sector Ratio weakened 12-12 Neutral after Monday’s session. The top 5 Strongest Sectors were Material, Cap Goods, Computers, Household Products and Retail. The top five Weak Sectors were Banks, Leisure, Service, Telecoms, and Food. The Model continues to hold 1,600 shares of DXD, 400 shares of DUST, and a lot of cash. It continues to look for opportunities to buy shares of inverse index ETFs. The Model will become aggressively negative if the Dow falls below the 25,000 level. Small cap stocks on the Russell 2K have been a lot weaker than their large cap brothers on the Dow. One of the things I’m watching now is IWM, one of the positive ETFs for the RUT. IWM closed at 142.43 yesterday. If it begins to break down, the pattern suggests a straight down move toward the 90 level. That’s why I’m looking to add a few shares of TWM, the ETF for the inverse Russell, to the Model. The VTI on IWM is at 60.7 (NO TREND) with an over bought 2-period RSI at 79.2. It should begin its pull back today. Not much changed with the miners after yesterday’s session. It still appears that mining stocks are close to completing wave ‘b’ of a complex Wave 2 pattern that still needs one more leg down to go. It’s still not clear if the miners are going to follow gold higher or make one more run lower, toward the 220-240 level on the HUI. It should be interesting to see what the miners do today given their overbought conditions. A break on 260 would be negative for the miners. That’s what I’m doing. h
I don’t have much experience on options, and certainly not expensive ones, but TSLA has $2,000 strike, July 17th calls going for $1200, with 2,000 volume. That seems ridiculously high for a $1400 stock with 10 days to go, no?
No clue. Honestly saw they got like 1.6B in funding via twitter so searched their stock just to see how it grew.
I keep DCAing down with HRB. As long as they don’t go bankrupt I think it works out well, but they’ve dropped enough they’re going to be my largest holding soon due to all the buying on dips
Anyone thinking about hopping into NKLA? Down from $69 on July 1st to $40 today as TSLA is flying to the moon. Was it a pseudo-pump and dump post-IPO? Just don't understand a 40% drop in a week.
NKLA is a pump-and-dump with warrants that's impossible to borrow and worthless You should not buy that stock
I have a fun story with NVAX (more like depressing). The stock had a 20-1 reverse split since I first invested, so the prices below need to be put into context. As a naive 23-24 year old novice investor who had just opened his first brokerage account, I bought an extremely stupid number of shares when the stock was around $4 (this is somewhere around 2014 timeframe). I bought maybe 5-6 months before the company was releasing Phase III results on its RSV vaccine (at least I think it was Phase 3, it's a blur at this point), which I don't think I even realized at the time. The stock had a nice little run-up leading up to the trial results and I continued to add to my position along the way. I think I had maybe $15K invested at an avg cost basis somewhere around $5-$6 (remember, I'm fucking 24, so $15K is literally almost all I had at this point). Immediately before the results were released, the stock topped out at $14ish I think. My dumbass was greedy and thought I was a genius, so I just continued to hold hoping the thing would skyrocket even more when the results were actually released. Fast-forward to release day, and the results are god awful. The stock tanks to like $2 in a heartbeat. I honestly thought my broker was having technical issues when I first got the alert because I thought there was no way. I decided to hold onto my position because . . . I honestly don't know why. I think I was just hoping it could at least recover slightly in the next year, but yea, didn't happen. I think it tanked again to sub $1 the following year (which eventually lead to the reverse split mentioned above), at which point I was like fuck it, I'll just keep holding it because I have nothing left to lose at this point. Fast-forward to November of this past year, and the stock has continued to do jack shit for the past 3 years. It's at $4-$5 dollars (this is AFTER the 20-1 reverse split, mind you). I'm about to buy my first house, so I sell some stuff for my down payment. Trying to be the tax efficient CPA I am, I decide to also finally dump this worthless POS NVAX so I can use the losses against the gains on the other stuff I sold. Fast-forward to March. COVID-19 is here and it's here to stay. I've just purchased a house 4 months prior and now have no idea if I'm even going to have a job next week. That's great. Oh, look at that, NVAX is also working on a COVID-19 vaccine and is now up to $20. Fast-forward to mid-June, and its at . . . $50 f$%*ing dollars?!? Even more great. Fast-forward to this morning. I turn on CNBC and I'm like, what in the actual fuck? I'm not touching this thing with a ten-foot poll now, but seriously what the hell? The crazy thing is, it's only now just recovered to what I originally had invested (assuming I did my reverse split math right), but just fuck me anyway. /end story
However, I would like to thank 26 year old not-as-much-a-novice investor me for buying Amazon when it was at $700. Too bad I only bought a whopping 4 shares.
dumb question spoilered below Spoiler i have a call expiring on friday. robinhood says it will auto sell any contracts i can’t buy once it expires if i don’t have enough capital (makes senses). after auto selling and once enough capital is generated, robinhood would buy the rest of the contracts (if i’m understanding that correctly). sooo if i’m interpreting all that correctly, let’s say the stock was at $6 when i bought $5 calls, but it has now jumped to $10. after robinhood auto sells some of the contracts and gathers enough capital, does it then buy the stocks at my expiring call price ($5), or does it buy at the current market value ($10)? i’d think the shares bought after expiration would be at the $5 price, but i read something on the internet that made me less certain, so i figured i’d ask here just in case i’m missing anything.
1. Get off Robinhood 2. They should sell one and exercise the other but they are not obligated to. 3. There is essentially no benefit for you letting this go to expiration and letting the value drop between Friday and Monday, just close it on Friday and take your 98% win imo. If you want it long-term just buy the stock with your winnings. Don't let RH dick you over
If the chart I’m seeing is to be believed, at about 4:40 yesterday TSLA dropped from almost $1400 to $880 and the came back to $1400 in about 5 minutes. If that happened, I can imagine some folks with stops waking up real sad
Really want to close out my FB position due to how they’re digging in on these issues. Highest performing individual stock in my portfolio though.
I think I am going to hold. The only thing that would truly worry me is if got pulled from a lot of the ETFs bc of ESG. Losing the ad spend isn't a longterm concern for me. I still think it has barely scratched the surface of monetizing its platforms.
I’m not concerned about the long term health of the company, just more so from an ethical standpoint. Plenty of other companies I could invest in, although I’m sure under a similar lense of scrutiny a few other orgs in my portfolio would crumble as well.
Interesting, if I'm reading this right, you Sportfan are feeling conflicted about owning FB (described by yourself as your highest individual performer) due to their 'ethics'? ethics is kind of vague/catch-all, maybe you could expound further?
Meant their “stance” on hate speech not anything to do with them juicing their financials or something like that.
right,I think you are honing in on internal policies/positions that influence how they write say...advertiser/platform rules and policy, or how ads end up on their platform, ad appeals, etc. Are you saying their stance (on this only? on other things too?) is materially problematic enough that you would divest/disassociate? Not trolling just asking.
Yea I wouldn’t look at it beyond surface level. I disagree with both their stance and their handling of this. Enough to question whether or not I want to own their stock.
Great morning for the Hawks household. Just sold all my GAN for a 20 percent profit. Now, we need DIS to keep climbing.
I started trying to lose a little money too. Hopefully there will be a "I forgot about tax day" pop going into next week. Plus, still paying 7.5% dividend.
Also still in on GAN, and I don’t know who called out FSLY, but they are a hero. Up 111% the last month
Haha, up 34% in one session. Was thinking about throwing in a flier 10-20 share buy yesterday right around closing, but I believe in your philosophy too that I hate putting money into bad companies and try to chase trends or predict what other dumb money is going to do so I don't feel too bad. Off my list for now.