OT: Stock trading

[tentoes4rings]

I’m just saying that it’s been irrationally climbing forever months with zero justification. If there’s another lock down it’s likely going down again, but I said it wouldn’t be match bad again

Honestly, I’ve been expecting a selloff since last Friday so I’m happy we got a little more cushion against a pullback, I agree that things look overbought right now. It was a head scratcher to me in the Summer when Covid cases kept spiking and the market kept going up. We’ve seen record numbers of cases recently and the market hasn’t flinched. I just think we should be more concerned about stocks selling off due to being overbought more than more lockdowns from COVID.

 

[temery]

I added Transocean to my stock market challenge last week, and thought I did the same in my brokerage acct. damn, the brokerage account buy didn't go though.

RIG has become damn near a penny stock for a while, and is up 37% in three days.

 

[Road2Six]

I believe if you chose NOT to have two factor security you can still sign up for Coinbase- I might be wrong- anyone?
XRP is on a rip- prob be able to buy in at some point if it corrects a little before continuing to run. We have been waiting for a protracted bull market and this could be it - if not there should be some times where market corrects and allows a little lower entry point on some projects- however it might keep running. Best thing to do is nibble on them over time so you can DCA any fluctuations if you want to play it safe.

Where do you think a good buy price is for XRP? What are your projections for it?

 

[Scot-e]

Where do you think a good buy price is for XRP? What are your projections for it?

PMed ya.

 

[Jay-Bone]

One of my main alts STRAT/STRAX finally moved and went 90% over the last 24 hrs.

 

[Jay-Bone]

I sold LUV, CCL, and C on Friday. I feel sick.

I did the same after the vaccine news. Made a bunch, left some on the table. Played the conservative way and took profits. I've made peace with it, buts it tough to watch.

 

[Jay-Bone]

Best thing to do is nibble on them over time so you can DCA any fluctuations if you want to play it safe.

^^^^^^ THIS. This is how you play the crypto market. Buy and sell in many small amounts to conservatively ride the ebbs and flows. However, if this bull run is totally legit, alts may just keep running up. But who knows? If BTC retraces, everything else will too.

 

[the Q]

Honestly, I’ve been expecting a selloff since last Friday so I’m happy we got a little more cushion against a pullback, I agree that things look overbought right now. It was a head scratcher to me in the Summer when Covid cases kept spiking and the market kept going up. We’ve seen record numbers of cases recently and the market hasn’t flinched. I just think we should be more concerned about stocks selling off due to being overbought more than more lockdowns from COVID.

Yeah, I don’t wanna get political, I guess the reality is a threat of a nationwide lockdown is still many Months away when you consider the lawsuits/injunctions/appeals that would come after.

 

[uconndogs]

When I first started learning about finance and investing I was always taught that markets are driven by emotion. With all the technical analysis that goes along with prudently investing, it was the human element that is most significant, especially in the short-term. As I've gotten older and maybe a bit wiser I am starting to see the wisdom in that. Markets react day-to-day based on market sentiment, a human factor. I firmly believe that over the long-term it is ultimately earnings and resulting cash flows that determine intrinsic value. Over the long-term the emotional factor gets tampered down, but day-to-day and now even moment-to-moment market sentiment drives the bus and I don't think the current sentiment has much if anything to do with intrinsic value......especially with this market.

 

[HuskyHawk]

When I first started learning about finance and investing I was always taught that markets are driven by emotion. With all the technical analysis that goes along with prudently investing, it was the human element that is most significant, especially in the short-term. As I've gotten older and maybe a bit wiser I am starting to see the wisdom in that. Markets react day-to-day based on market sentiment, a human factor. I firmly believe that over the long-term it is ultimately earnings and resulting cash flows that determine intrinsic value. Over the long-term the emotional factor gets tampered down, but day-to-day and now even moment-to-moment market sentiment drives the bus and I don't think the current sentiment has much if anything to do with intrinsic value......especially with this market.

Wasn’t this way when I was learning it at UConn in the 80s. No internet. The average person didn’t see news until it showed up in WSJ or IBJ the next day. It was highly technical and large daily movements were extremely rare. Stock prices tended to move in very small increments.

Ever since the first dot.com boom in the 90s it has been different. It still blows my mind that AOL bought Time Warner, a vastly more valuable company in every way except emotion driven market cap. I did math once that showed that AOL had to grow at 20% a year for something like 50 years to justify its price. I think it’s better now than it was then, but there’s still a lot of emotional buying. There are companies now who realistically can never be worth what their market cap suggests.

Currently I’ll grab those emotion based stocks now and then. Moderna, that FUV (Arcimota) stock I sold this week. Playing a short term rise and then dump it. But mostly I stick to companies that have strong businesses and which I expect to survive or gain on competition in difficult times. MOAT is an ETF with a similar strategy.

 

[uconndogs]

Wasn’t this way when I was learning it at UConn in the 80s. No internet. The average person didn’t see news until it showed up in WSJ or IBJ the next day. It was highly technical and large daily movements were extremely rare. Stock prices tended to move in very small increments.

Ever since the first dot.com boom in the 90s it has been different. It still blows my mind that AOL bought Time Warner, a vastly more valuable company in every way except emotion driven market cap. I did math once that showed that AOL had to grow at 20% a year for something like 50 years to justify its price. I think it’s better now than it was then, but there’s still a lot of emotional buying. There are companies now who realistically can never be worth what their market cap suggests.

Currently I’ll grab those emotion based stocks now and then. Moderna, that FUV (Arcimota) stock I sold this week. Playing a short term rise and then dump it. But mostly I stick to companies that have strong businesses and which I expect to survive or gain on competition in difficult times. MOAT is an ETF with a similar strategy.

I'm from that same era and I think you are exactly right regarding the internet accelerating volatility based on emotional responses. I also think that valuations now are not as crazy as they were with the internet bubble in the 90s. That said, I have little doubt there is a correction coming in tech or at least in a good swath of the tech sector. As for going in and out of these positions trying to follow momentum.......I think it's fun, but so are blackjack and craps.

Thanks for the post.

 

[tentoes4rings]

I'm from that same era and I think you are exactly right regarding the internet accelerating volatility based on emotional responses. I also think that valuations now are not as crazy as they were with the internet bubble in the 90s. That said, I have little doubt there is a correction coming in tech or at least in a good swath of the tech sector. As for going in and out of these positions trying to follow momentum.......I think it's fun, but so are blackjack and craps.

Thanks for the post.

Similar era. Another huge difference has been how people trade compared to back then. We had brokers we needed to call to place trades, and the fees were extremely high. When I first started, it was $220 to make a round trip trade! Now, no fees and we can do it on our phones. Night and day difference from the stodgy pre internet market.

 

[calamity17]

Another great tip from this thread I believe by @Nebraskan18 on WORK. Surging on likely acquisition by SalesForce news.

 

[UconnU]

So how does a newbie purchase $PLTR? Looks like i can't get it with my new TD Ameritrade account.

Hopefully you were able to make that purchase @ 18.

 

[tentoes4rings]

I got in at 18. Want to add more, just have a problem with the 60B valuation already. Scares me a bit. Huge winner lately for sure. JMIA has been under the radar but it has doubled from 18 in a couple weeks! Was all the way down to 7 a couple months back.

 

[uconndogs]

Similar era. Another huge difference has been how people trade compared to back then. We had brokers we needed to call to place trades, and the fees were extremely high. When I first started, it was $220 to make a round trip trade! Now, no fees and we can do it on our phones. Night and day difference from the stodgy pre internet market.

That's a great point. The friction costs are gone and, of course, technology makes everything much easier and faster. Everything else being equal, I would think those two factors increase volatility since trading volumes are some much higher.

 

[tentoes4rings]

Curious what moves you guys have been doing recently. I’ve been shifting a little more away from tech to be more balanced this week:

Added: DIS, ULTA
Added to: NIO, TSLA, RUN, JPM

So far it’s working as recovery worked yesterday and tech is working today. Not huge days the past two days but steady gains.

 

[UconnU]

Curious what moves you guys have been doing recently. I’ve been shifting a little more away from tech to be more balanced this week:

Added: DIS, ULTA
Added to: NIO, TSLA, RUN, JPM

So far it’s working as recovery worked yesterday and tech is working today. Not huge days the past two days but steady gains.

What’re your thoughts on PINS? It’s been on a crazy run these last few months.

 

[ct06111]

I got in at 18. Want to add more, just have a problem with the 60B valuation already. Scares me a bit. Huge winner lately for sure. JMIA has been under the radar but it has doubled from 18 in a couple weeks! Was all the way down to 7 a couple months back.

Got PLTR @ 9.23

Anyone get LGVW?
Heard about Butterfly deal and jumped in. Will LGVW get involved with other 4catalyzer companies rothberg has based in Guilford, CT like this new in home test Detect?

Connecticut-based company will soon introduce an at-home COVID-19 test that could make detection easy

A company based in Guilford plans to soon distribute an at-home COVID-19 test that promises accurate results within minutes. The company, known as Detect, is a venture of scientist and entrepreneur…

www.courant.com

 

[tiger8mush]

Below are the first "get my feet wet" trades I've made, based on (a subset of) your recommendations the past few days/months. The only trade not showing is LVGO, which I didn't sell before they were bought out and lost $50-60.
In total, the $500 investment is currently valued at around $880. Thanks everyone!

SYMBOL	Qty	Cost	Market Value
NIO	7	96.74	370.85
PLTR	11	205.26	310.97
WORK	5	128.58	178.70

 

[g_smith]

Below are the first "get my feet wet" trades I've made, based on (a subset of) your recommendations the past few days/months. The only trade not showing is LVGO, which I didn't sell before they were bought out and lost $50-60.
In total, the $500 investment is currently valued at around $880. Thanks everyone!

SYMBOL	Qty	Cost	Market Value
NIO	7	96.74	370.85
PLTR	11	205.26	310.97
WORK	5	128.58	178.70

WORK had a big bump today on news that Slack may get bought by Salesforce

 

[XLCenterFan]

I've also started buying NIO. Started buying around 30/35...been all up from there.

 

[Nebraskan18]

Another great tip from this thread I believe by @Nebraskan18 on WORK. Surging on likely acquisition by SalesForce news.

I’m starting to slowly get out of WORK and collect my earnings before any acquisition stuff fully surfaces.

 

[tiger8mush]

I’m starting to slowly get out of WORK and collect my earnings before any acquisition stuff fully surfaces.

get out of WORK and into ... what do you recommend?

 

[Nebraskan18]

get out of WORK and into ... what do you recommend?

I see AMD getting up to 100