OT: Stock and Investment Thread
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These quantum computing stocks just don’t quit. I did sell some upside calls for nice premiums today. It has to take a break sometime right?
I feel the same way about HOOD and RDDT. Up about 200% on each. Should I trim and take profit? Love both companies long term, but damn, crazy rallies.
In the words of David Sacks…”you have to let your winners ride.”
And Buffett said the same thing. I cut PLTR way too short, so I don't want to make the same mistake.
Sell upside calls and if you get called out then so be it. You can buy it again once they correct.
I guess Rep McClain's purchase was a wise one (although seems to have inside knowledge). Stock has been steadily moving up since my post asking for any news. I think I'll take a chance and hold onto my BBAI a bit longer.
Someone seems to know something. Otherwise it is just irrational buying.
That's the only thing that makes sense. Quantum tech is still about 10 years away from commercial use.
I have such PLTR fomo. I tried to buy in late April in the 70's and didn't get it in. Now it's at 180+. I definitely think I missed the boat, but considering just taking a small position at 180 to scratch the itch.
I don't know about 10 years. We will start to see use of it in some forms in the next few years, but widespread applicability will be a decade if not longer.
Don't trade it. I must admit that if I was starting a new position, I would have a short leash. The stock has definitely gone up too far too fast.
Bought because of Josh B. Got in around $60'ish. Long hold in my custom stock basket.
I dunno, there is plenty of data suggesting a cut was justified.
"A lot of people are saying" he is late.
I'm in at $31. Has grown into one of my largest positions. I did trim a little more then a year ago, which was pretty well timed as it settled in after a big run. Running again this year though.
I'm looking for several new leap call plays since Jan 2028 contracts are out. Maybe swings for RIVN and SOUN? Energy or bellwethers still going through tough times (NKE, SBUX, LULU, etc).
I should have stuck with my GLD futures. Up plenty with ETH, but it dipped over the weekend.
QBTS tried selling off this morning, was down double digits.
Fighting back though.
I've been wrong on it as it has done nothing for 2+ years, but S is fairly cheap and has 25% rev growth. Cash flow and non gaap eps positive.
It has run a couple times but stalls out in the high 20's
Hopefully the last 2 years are base building and it gets on a sustainable run.
Cybers seem like a good idea for leaps as well. Maybe S is the next acquisition candidate?
It was the acquirer fairly recently, not sure if that signals it is not looking to be bought up? It was rumored to be the target of PANW who wound up buying something else.
PANW by the way back above $200. Finally looking to break through?
I'm long hold on PANW. They proactively transitioned much of their business model to align with AI needs and demands of clients. This caused a few meh quarters, but once the dust settles, it's going to moon. CRWD and PANW are no-brainers.
My BBAI wasn't dead money after all. Got in at the low 7's, saw it dip into the 5's (which is when someone here posted Pelosi's purchase) and got out today at 8.25 for a nice 20% profit.