Obviously you are very bullish and have been buying dips. Just curious - what’s your average number of shares purchased in transactions during times like this? For example, when you buy Apple on dip-days, how many shares are you buying at one time?
OT: Stock and Investment Thread
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The Fast Money (halftime report) programs are the ones I've liked for ideas, trends etc.. I've liked that show since Dylan Ratigan hosted it at its inception.
Not much, remember, this is just a fun account created by my crypto profit. The vast, vast, vast majority of our investments are in funds, etfs, and those 12 long hold stocks from last year. This account is in the tens of thousands and I have about 50% left in cash (after consolidating a bit). I am going to focus on 6-8 high conviction plays.
AMZN coming close to that bottom of the trading range area 2900ish. MSFT close to breaking 300 (not that there's anything special about that besides psychology) but the 200DMA in sight in the 290 area give or take.
With NFLX earning reaction, I don’t have a positive feel for the FAANG earnings. I expect no huge positive reaction if it’s positive but a huge negative reaction if it’s negative. UNH was hugely positive but no huge Increase in the stock price. Reducing some of my positions but expecting to hold longer term for FAANG.
Interesting theory here. I don’t necessarily think the FAANG stocks are going anywhere but I do think we will see some new names rise from the ashes. Anyone care to guess who they’ll be? I think $SQ and $NVDA will be on the list.
I think the mood of the market is to the negative for now. I've never had FOMO but I do feel like that might be wearing out at least for the short term as well. If a company has good earnings and guidance and the reaction is muted because of the overall market, I think that's a good time to be on the lookout for those kind of companies. Those fundamentals will see you through eventually. As usual, it's just a matter of price.
NFLX feeds into that whole negative mood of the market and can bring things down in that sense but I consider NFLX to be a NFLX/media landscape specific story until other earnings are released. 8.3M added subs vs 8.5M expected and guidance for 2.5M added subs vs 6.9M. (Some think they were being very conservative and under promising though. Even if you upped it to 4M subs that's still off by a bit.) That's a big miss. So is the pie big enough for everyone to gorge at their current growth rates or is it smaller than everyone thinks. Also how much will it cost all the players in the game to acquire those subscribers to gain share and keep on growing.
Logically the FAANG aren’t overvalue but the investors are emotional and they will go down. AMZN still has a higher PE and might be further decline but I will ride it thru with my cost around 3,250-3,300. MSFT and AAPl PE are also high.
If I see the market move up, I’ll be ready to buy.
You can never predict the bottom (or top), but these prices are very attractive. I'm buying.
Its not silliness. Their guidance was for much slower growth, can't maintain that multiple with that guidance.
If you don’t own any buy it now in increments. I started at3,300, brought more at 3,200 and 3,150. I think it easily gets back to 3;500 in 6 mths if not 3,700.
Truer words have never been typed on this board.
Tesla at $974. Where will support come in now that it is trading below $1,000?
I have an order for it at 2900 since I think that's a bottom of a trading range it's been in. It's oversold on a short term basis and medium term basis as well. But that doesn't mean it can't get more oversold or that it can't breakdown from that range. Things can go down and up longer and farther than you'd expect. 2900 is also about 22% off the highs.
My next order after that though is 2500 just to give perspective. That's the next place I think there's stronger support. I'm comfortable owning it though so if it drops that much more I'm okay with it.
You are definitely correct on this one! I saw the guidance afterwards and it wasn't pretty.
Just bought some more AMZN at $2920'ish. Also grabbed some more NVDA and ENPH.
Well DIS is that 137 area but I haven't pulled the trigger. If their subs growth rate is in question (similar to NFLX) maybe their multiple needs to come down a little too and maybe close that gap in the process. I'm tempted but going to hold up for now.
As a huge, huge Disney fan (myself and my family), I would be careful with investing in DIS right now. They are having serious leadership issues and the new CEO Bob Chapek is brutally unpopular with employees and customers. Things may get worse before they get better.
I'm not a fan of Chapek either. I've mentioned that here but have traded it a month or 2 ago. I'm just wondering if that gap needs to close and their earnings need to come out to flush out anything like Netflix just had.
I'm sure DIS would be fine for some short-term trading, but long-term may be murky until the leadership issue is resolved.
Good Luck. You are certainly not risk adverse. Leverage is fun on the way up. On the way down is another story.
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I think it has more to do with theories that a tech titan like Apple might buy it for connected fitness portfolio.
That was brought up on CNBC during in the morning with one guest. Said the same thing I did. Yea Apple could buy it without batting an eye but why would they. It's unusual for them to do a deal that big (Beats 3B is the largest they've done) and they could do it on their own if they wanted. I've said similar Apple likes doing their own thing vs buying someone else. Said the big thing about PTON is its trainers but Apple could just hire trainers or hire them away from PTON if they want.
NKE and LULU (not GOOGL like I mentioned cause of FitBit) were mentioned as other possible acquirers if they wanted to get further into the home. I think LULU owns Mirror.
EDIT: Stifel upgraded it to BUY today with 40 PT and that it overcorrected relative to underlying biz conditions.
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Man...I bought RBLX at 64 and it went as high as 140...never sold. Sucks its always the way back down
Wow a double. It's not a stock I'd buy because of my conservative nature but something like that I'd have sold half. Get back your principal and the rest is just cream.
That has been my goal for any single name I have owned and have done that across AMZN, AAPL, TSLA, MSFT and others. I just never kept my eye on this one--oh well..win some lose some
Gene Munster thinks AMZN is the one at most risk to a NFLX type outcome on earnings with any kind of miss leading to a bigger than expected reaction. Thinks there was a pull forward from the pandemic (thinks that for FAANG in general) but that AMZN is more vulnerable to that than the others. Thinks it could happen to any of them but that one most likely of the bunch. Still likes it long term though.
I agree with all that and have just bought some at 2900 today and I'm okay holding it. I mentioned above 2500 is my next order for it should it get a really massive reaction. I don't know that it will go that low though.
AAPL PE is around 30, historical PE is closer to the low 20s. Even at 145 (area around where I'm okay with it) PE is around 25. AMZN PE is mid 50s which I don't think is cheap pe se but historically for AMZN isn't all too bad and it is oversold as well.
I agree with all that and have just bought some at 2900 today and I'm okay holding it. I mentioned above 2500 is my next order for it should it get a really massive reaction. I don't know that it will go that low though.
AAPL PE is around 30, historical PE is closer to the low 20s. Even at 145 (area around where I'm okay with it) PE is around 25. AMZN PE is mid 50s which I don't think is cheap pe se but historically for AMZN isn't all too bad and it is oversold as well.
Another day of accelerated selling in the afternoon. On halftime they mentioned a break and close below 14000 on the Nasdaq and also close below 200DMA will bring on more selling. (algorithms possibly part of it)
I think it's something of note but it's every incremental period it stays and closes below that it becomes an issue.
I think it's something of note but it's every incremental period it stays and closes below that it becomes an issue.
This is exactly why the whole buy and hold thing can back-fire. I’ve held Meta, Google, Walmart, and a few others for years. But when it comes to the high fliers it’s critical to ring the register at certain points.