The Official Stock Market Thread - Page 107

Josh611 · 12-03-2021, 11:49 AM

This is Feb/Mar of 2021 all over again for crazy multiple stocks. Sheesh.

xbignick · 12-03-2021, 12:00 PM

Quote:

Originally Posted by Josh611

This is Feb/Mar of 2021 all over again for crazy multiple stocks. Sheesh.

I purchased AMD/DPZ/LULU/COST then, helps put this in perspective.

This time around doesn't seem as attractive.

Cheken · 12-03-2021, 12:03 PM

pretty crazy market movements - most of my stuff in tech so feeling the pain lol. Going to hold on for long haul as most is in amzn/baba/goog/nvda etc besides some riskier exposure @ DKNY/CGC etc. down a good 48k past month - still debating if i should pump more in to average out the cost of the shares

Cheken · 12-03-2021, 12:12 PM

Thinking about going bigger exposure @ NVDA - any thoughts for long term hold?

monkeymcgee · 12-03-2021, 12:43 PM

Quote:

Originally Posted by Cheken

Thinking about going bigger exposure @ NVDA - any thoughts for long term hold?

I bought some at 305 to ride back up to 340ish

Sent from my iPhone using Tapatalk

Cheken · 12-03-2021, 12:50 PM

Quote:

Originally Posted by monkeymcgee

I bought some at 305 to ride back up to 340ish

Sent from my iPhone using Tapatalk

seems like a safe bet

cash4cards · 12-03-2021, 12:53 PM

I gotta say that when I bought sofi post earnings at $23.25 that I didn't see it hitting $14s-15s less than 3 weeks later. All of my positions in tech are getting smashed.

Cheken · 12-03-2021, 01:02 PM

Quote:

Originally Posted by cash4cards

I gotta say that when I bought sofi post earnings at $23.25 that I didn't see it hitting $14s-15s less than 3 weeks later. All of my positions in tech are getting smashed.

not going to lie either as i bought some shares after reading the posts on the forum LOL! but very small exposure with < 100 shares so ill just build smaller positions here and there on further drops

cash4cards · 12-03-2021, 01:07 PM

Quote:

Originally Posted by Cheken

not going to lie either as i bought some shares after reading the posts on the forum LOL! but very small exposure with < 100 shares so ill just build smaller positions here and there on further drops

I bought 100 shares which was a sizeable position for me, now I'm wishing I had bought 50 and could be dollar costing down now. Still debating on if I should purchase 50 more or just use the same funds somewhere else in the market. I don't have any exposure to Nvidia or AMD so I have been thinking of adding 10 shares of AMD. Haven't made my mind up on what to do.

jcardstore · 12-03-2021, 01:41 PM

I've been buying SOFI all the way down. The sell off doesn't make sense to me because their business prospects haven't changed.

Well it kinda does, they aren't profitable and basically everything growth has been getting smacked. The path to profitability with considerable growth is there imo so I'll keep buying.

I bought 100 shares back in September around 15. Bought 100 more a couple weeks ago around 18.

I also bought Jan 20 23 50 calls and this morning bought Mar 18 22 20 calls.

I'm still very much bullish on SOFI looking a couple years out.

packman80 · 12-03-2021, 07:08 PM

Torchlight Energy/Meta Materials looking like one big scam meme stock.

First they said dividends be paid before the merger happened. Then changed to the end of this year. Now the end of Q1 2022 and likely being spunoff so just issued stock in new company instead of actually divdends.

Also let us not forget the reverse split were torchlight holders got screwed with getting half your shares in Meta which has been tanking since the merger..

Josh611 · 12-03-2021, 09:40 PM

Quote:

Originally Posted by jcardstore

I've been buying SOFI all the way down. The sell off doesn't make sense to me because their business prospects haven't changed.

Well it kinda does, they aren't profitable and basically everything growth has been getting smacked. The path to profitability with considerable growth is there imo so I'll keep buying.

I bought 100 shares back in September around 15. Bought 100 more a couple weeks ago around 18.

I also bought Jan 20 23 50 calls and this morning bought Mar 18 22 20 calls.

I'm still very much bullish on SOFI looking a couple years out.

I still like it too. Considering taking the loss to offset taxes and move to my Roth. There could still be more downside but you're right. Not much has changed other than some other stocks getting smoked.

33GHill · 12-03-2021, 11:04 PM

Quote:

Originally Posted by Cheken

Thinking about going bigger exposure @ NVDA - any thoughts for long term hold?

I've owned and held for the past 15 years. It's been a nice ride. Holding for at least another 10. Won't be one bit surprised if it hits 4 figures within that time

JMarchand1981 · 12-04-2021, 06:12 AM

Quote:

Originally Posted by jcardstore

I've been buying SOFI all the way down. The sell off doesn't make sense to me because their business prospects haven't changed.

Well it kinda does, they aren't profitable and basically everything growth has been getting smacked. The path to profitability with considerable growth is there imo so I'll keep buying.

I bought 100 shares back in September around 15. Bought 100 more a couple weeks ago around 18.

I also bought Jan 20 23 50 calls and this morning bought Mar 18 22 20 calls.

I'm still very much bullish on SOFI looking a couple years out.

I don't know, man. I like the stock. The market hates it right now. There are just too many better things on sale for a discount to buy more SOFI on the way down. It has been a falling knife the last three weeks. I own it, but in accounts that we don't trade in/out of. Its's a legacy holding situation. If you are holding for the long term and have the pucker factor to get through a SP of $11-14 for the short term, than why not? If you think for a moment you might get paper hands and decide to sell as it drops, why not just buy something of higher quality and greater market sentiment?

JMarchand1981 · 12-04-2021, 06:37 AM

Quote:

Originally Posted by packman80

Torchlight Energy/Meta Materials looking like one big scam meme stock.

First they said dividends be paid before the merger happened. Then changed to the end of this year. Now the end of Q1 2022 and likely being spunoff so just issued stock in new company instead of actually divdends.

Also let us not forget the reverse split were torchlight holders got screwed with getting half your shares in Meta which has been tanking since the merger..

This was junk from the go.

JMarchand1981 · 12-04-2021, 06:38 AM

Quote:

Originally Posted by xbignick

I purchased AMD/DPZ/LULU/COST then, helps put this in perspective.

This time around doesn't seem as attractive.

You like quality. I'll pass on LULU but I have spoken before on my fondness for the other three.

jcardstore · 12-04-2021, 07:00 AM

Quote:

Originally Posted by JMarchand1981

I don't know, man. I like the stock. The market hates it right now. There are just too many better things on sale for a discount to buy more SOFI on the way down. It has been a falling knife the last three weeks. I own it, but in accounts that we don't trade in/out of. Its's a legacy holding situation. If you are holding for the long term and have the pucker factor to get through a SP of $11-14 for the short term, than why not? If you think for a moment you might get paper hands and decide to sell as it drops, why not just buy something of higher quality and greater market sentiment?

I’m not buying more shares right now, just leaps.

So I was listening to a podcast yesterday and the theory is that the 2yr yield going up makes consumer financing more expensive thus shrinking margins. Now I’m not nearly smart enough to know why but you can see as the 2yr goes from 20-60 starting around October the consumer finance names got absolutely hammered.

TREE -30%
LC -38%
UPST -48%
SOFI -34%

Now of course I just learned this yesterday and I also don’t have a good understanding of what makes the 2yr go up. Is it just rising inflation?

Short term it certainly doesn’t look good but I still believe in the company

monkeymcgee · 12-04-2021, 09:02 AM

The way I look at it as a layman is exaggerated movement in the 2Y is a barometer of short-term change like inflation or rate adjustments that are already baked into the longer durations.

Yesterday had a lot of fuel, but part of it was the lower unemployment rate which makes the Fed more like to go with an earlier hiking schedule. That hurts stocks relying on cheap financing or whose growth or lofty valuations depends on the TINA thesis.

Sent from my iPhone using Tapatalk

Cheken · 12-04-2021, 03:33 PM

Quote:

Originally Posted by 33GHill

I've owned and held for the past 15 years. It's been a nice ride. Holding for at least another 10. Won't be one bit surprised if it hits 4 figures within that time

I remember having it on my portfolio watch list since when it was in the low 20s…

33GHill · 12-04-2021, 11:17 PM

Quote:

Originally Posted by Cheken

I remember having it on my portfolio watch list since when it was in the low 20s…

I picked up a good portion of my shares pre split in 2007 and then added here and there over the years. This and COST are 2 of my largest positions and holding them over the years has been a nice ride to say the least.

babyfaceposey · 12-06-2021, 06:04 AM

Grabbed CFVI at $11.34 on Friday.

xbignick · 12-06-2021, 02:08 PM

My dad bought a bunch of TACO on Friday. Great timing.

Josh611 · 12-06-2021, 03:11 PM

Quote:

Originally Posted by xbignick

My dad bought a bunch of TACO on Friday. Great timing.

Wow I’d say so. Nice grab.

Everyone swears by that place but I’ve never tried it.

finfangfan · 12-06-2021, 05:05 PM

Not sure why everything was up today but I will take the +2% bounce after last week’s beating.

Josh611 · 12-06-2021, 08:19 PM

Intel listing its Mobile Self Driving Car unit.

Up to $55 after hours.

Bought Jan 7 2022 $51 calls the other day.

Cha Ching.

12-03-2021, 11:49 AM	#2651
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 10,016	This is Feb/Mar of 2021 all over again for crazy multiple stocks. Sheesh. __________________

12-03-2021, 12:03 PM	#2653
Cheken Member Join Date: Jan 2011 Location: Queens, New York Posts: 3,133	pretty crazy market movements - most of my stuff in tech so feeling the pain lol. Going to hold on for long haul as most is in amzn/baba/goog/nvda etc besides some riskier exposure @ DKNY/CGC etc. down a good 48k past month - still debating if i should pump more in to average out the cost of the shares __________________ http://s1107.photobucket.com/albums/h381/ChekenCollection/

12-03-2021, 12:12 PM	#2654
Cheken Member Join Date: Jan 2011 Location: Queens, New York Posts: 3,133	Thinking about going bigger exposure @ NVDA - any thoughts for long term hold? __________________ http://s1107.photobucket.com/albums/h381/ChekenCollection/

12-03-2021, 01:41 PM	#2660
jcardstore Member Join Date: Mar 2014 Posts: 21,754 Jcardstore	I've been buying SOFI all the way down. The sell off doesn't make sense to me because their business prospects haven't changed. Well it kinda does, they aren't profitable and basically everything growth has been getting smacked. The path to profitability with considerable growth is there imo so I'll keep buying. I bought 100 shares back in September around 15. Bought 100 more a couple weeks ago around 18. I also bought Jan 20 23 50 calls and this morning bought Mar 18 22 20 calls. I'm still very much bullish on SOFI looking a couple years out. __________________ Just moonwalking through hell on my last brain cell

12-04-2021, 09:02 AM	#2668
monkeymcgee Member Join Date: Apr 2010 Location: VA Posts: 10,974	The Official Stock Market Thread The way I look at it as a layman is exaggerated movement in the 2Y is a barometer of short-term change like inflation or rate adjustments that are already baked into the longer durations. Yesterday had a lot of fuel, but part of it was the lower unemployment rate which makes the Fed more like to go with an earlier hiking schedule. That hurts stocks relying on cheap financing or whose growth or lofty valuations depends on the TINA thesis. Sent from my iPhone using Tapatalk

12-03-2021, 12:53 PM	#2657
cash4cards Member Join Date: May 2017 Location: Terre Haute, Indiana Posts: 404 throckmj2004	I gotta say that when I bought sofi post earnings at $23.25 that I didn't see it hitting $14s-15s less than 3 weeks later. All of my positions in tech are getting smashed.

12-03-2021, 07:08 PM	#2661
packman80 Member Join Date: Jun 2014 Posts: 16,983	Torchlight Energy/Meta Materials looking like one big scam meme stock. First they said dividends be paid before the merger happened. Then changed to the end of this year. Now the end of Q1 2022 and likely being spunoff so just issued stock in new company instead of actually divdends. Also let us not forget the reverse split were torchlight holders got screwed with getting half your shares in Meta which has been tanking since the merger..

12-06-2021, 06:04 AM	#2671
babyfaceposey Member Join Date: Feb 2012 Location: Pensacola, Florida Posts: 8,310 Babyfaceposey	Grabbed CFVI at $11.34 on Friday.

12-06-2021, 02:08 PM	#2672
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,306 xxbignick	My dad bought a bunch of TACO on Friday. Great timing. __________________ @xxbignick on twitter

12-06-2021, 05:05 PM	#2674
finfangfan Member Join Date: Oct 2013 Posts: 10,970	Not sure why everything was up today but I will take the +2% bounce after last week’s beating.

12-06-2021, 08:19 PM	#2675
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 10,016	Intel listing its Mobile Self Driving Car unit. Up to $55 after hours. Bought Jan 7 2022 $51 calls the other day. Cha Ching. __________________