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BlueRaider22

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GDP 2Q down 32.9% in a record drop.

The previous biggest drop occurred in 1958 and dropped 10%.



As of right now the Dow dropped 500 points......likely in response.....
 
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Mayoman

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Anybody else get in on KNDI. The Chinese EV company with a plant in Dallas FW area? Huge gainer last 2 days!
 
lz

lz

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AustinTXCat said:
HBI just crushed earnings. Up 9% pre-market.

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And now we’re down.:eek:
 
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jameslee32

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Pretty sure my cousin still works for Kodak. He services those large drum image processors. Among other things.

IIPR is having a great week with most of the rest of the REIT space still struggling. Solid 4.28% yield. Welcome news!
 
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LineSkiCat14

LineSkiCat14

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Heard this on the radio.. so how does a 4 for 1 split work exactly? So if you have 1 share at say 100 bucks.. youd then have 4 shares at 25? Probably a dumb question.
 
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jameslee32

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LineSkiCat14 said:
Heard this on the radio.. so how does a 4 for 1 split work exactly? So if you have 1 share at say 100 bucks.. youd then have 4 shares at 25? Probably a dumb question.
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Yes exactly, the overall value of $100 doesn't change at the time of the split.
 
LineSkiCat14

LineSkiCat14

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jameslee32 said:
Yes exactly, the overall value of $100 doesn't change at the time of the split.
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Got it, you have the same amount, dollar wise. But I imagine people are happy when this happens as it sorta resets the stock, giving it more room to grow?
 
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lz

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LineSkiCat14 said:
Got it, you have the same amount, dollar wise. But I imagine people are happy when this happens as it sorta resets the stock, giving it more room to grow?
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Sometimes stirs more new investors, sometimes nothing happens. What I don’t like is when a company has a fairly low stock price, yet splits, makes me very wary, obviously AAPL had a high price.
 
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jameslee32

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LineSkiCat14 said:
Got it, you have the same amount, dollar wise. But I imagine people are happy when this happens as it sorta resets the stock, giving it more room to grow?
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It's more psychological than logical since nothing really changes. This could attract more investors but it's not going to be a cheaper stock when using metrics to value companies.
 
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BlueRaider22

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Is there opportunity here? I think it’s very unlikely that Apple will drop in value.....and since I’m a lifelong Apple investor, how do you play it? Buy before? After?
 
LineSkiCat14

LineSkiCat14

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It seems that it would ease the barrier of entry for new investors. I look at any stock that's in the few hundreds, and think "Well, great, with $1,000 I can buy 3 shares.. whoopee".. i guess that's what sorta appealing with Apples 1 to 4 stock split... much easier for me to throw money at it, even if it is the same value at the moment.

Idk maybe thats not the right line of thinking. It makes sense in my head though!
 
lz

lz

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AustinTXCat said:
I'll check conference call notes and hopefully find out a reason. Perhaps forward earnings?
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Found some problems:
1) revenue beat, but total revenue down compared to a year ago
2) gross margin % down significantly compared to a year ago
3) no forward guidance, most companies have been doing so this Quarter
4) heavy debt load keeps lingering
 
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BlueRaider22

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LineSkiCat14 said:
It seems that it would ease the barrier of entry for new investors. I look at any stock that's in the few hundreds, and think "Well, great, with $1,000 I can buy 3 shares.. whoopee".. i guess that's what sorta appealing with Apples 1 to 4 stock split... much easier for me to throw money at it, even if it is the same value at the moment.

Idk maybe thats not the right line of thinking. It makes sense in my head though!
Click to expand...


No, that’s right. That’s why they do it......to try to entice people to buy in.
 
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Chuckinden

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Talked to a financial advisor yesterday and explained my situation about investing.

He is recommending a variable annuity with a guaranteed payout of 5% per year on the amount invested.
 
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jameslee32

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Chuckinden said:
Talked to a financial advisor yesterday and explained my situation about investing.

He is recommending a variable annuity with a guaranteed payout of 5% per year on the amount invested.
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I would use caution. Using a financial advisor could be cheaper in the long run. Either way find out how much they charge in fees and services.
 
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lz

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Had gone way up on 160 shares of LVGO, being merged into TDOC, several investors selling LVGO today, think I’ll hold, will get cash and shares of TDOC eventually. I never like waiting on the process, key for LVGO holders is for TDOC to keep going up. I hate getting caught up in mergers.
 
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BlueRaider22

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Anyone know when the Quicken IPO (RKT) is supposed to kick off? I was under the impression it was going to start at market open?
 
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BlueRaider22

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lz

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MdWIldcat55 said:
Got out of Grub today at 75.25. Made about 33 percent total, after a couple buys when it was on the way down. I regret not making more, of course. But there were worse things to buy over the past year. Some of you don't really have the patience to be in the market.
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Well done. I admit that I’m impatient at times, but since 1990, I consistently do better than 8% return for sure and enjoy the ride. I helped some guys at work set up a brokerage account, some would never sell a stock, ever. One can be too patient in the investing process when losing one’s arse, it’s not an athletic ego trip, some never understood, but I only warned them once...their money.
 
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jameslee32

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I held MTCH in 2 accounts. Today was too good to pass up so I sold enough to recoup my original investment in the IRA. Playing with house money in both now. Hoping MPC can bounce back now after selling the Speedway business. I added to that Monday. Not looking good. Thank goodness for DIS!
 
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Rupp'sRunt

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MdWIldcat55 said:
Got out of Grub today at 75.25. Made about 33 percent total, after a couple buys when it was on the way down. I regret not making more, of course. But there were worse things to buy over the past year. Some of you don't really have the patience to be in the market.
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Dont have the patience? 1 yr chart its up 9%. Just bc you bought more during the corona crash and pumped up to 33% doesn't mean you were "patient" Lmao.

If youre looking for good longterm holds that actually matured well over the past 2 years go look at my AMD plays
 
AustinTXCat

AustinTXCat

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BlueRaider22 said:
What are your thoughts Austin? I usually stay away from IPO's for all of the obvious reasons.....but for some reason this is calling to me. (I'm certainly not dumb enough to go heavy.......)
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Same here. I stay away primarily because of the initial mania involved. However, I've been very wrong on a few issues in the past, namely FB and BYND.

I dunno. I may jump in.
 
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