Economy Stock Market chat. Discuss everything from Musk to iPhone

[JonesBones]

What positions you got? What are you looking at? Got some tips? Let's talk. This may cut down on all the Musk/Tesla threads too.

@brackis1 @gtm3 and others. I forget names.

 

[JonesBones]

I think the market is still oversold. Already day traded a Microsoft option and got a little profit. I generally like MSFT on dips. Another stock I have been swinging is Funko. Check that out.

Also the ticker STNE. I think it is a latin american fintech company. Buffett poured a ton of money into this company not long ago. IPOd recently.

 

[vengeful]

Looks like Apple is losing big today since they can't hit their quarterly sales forecast thanks to trade tensions with China and China's slowing economy. Apple is now behind Amazon, Microsoft, and Google for highest market cap....damn homie!

 

[JonesBones]

Defense stocks are cheap. Check out AVAV. Biggest supplier of military drones in the world. I was watching an episode of Jim Cramer and he said he never recommends tobacco stocks and such for ethical reasons. Then he shills this drone company that kills people 5 minutes later. lol.

 

[JonesBones]

Looks like Apple is losing big today since they can't hit their quarterly sales forecast thanks to trade tensions with China and China's slowing economy. Apple is now behind Amazon, Microsoft, and Google for highest market cap....damn homie!

That is why I like MSFT. No drama. You got FB and Google constantly hammered over privacy and other shit. Amazon is in the crosshairs of many. So is Tesla. Apple. There is drama in these stocks. MSFT just blends in and does its job.

 

[brackis1]

I'll be qualifying for trader status this year so I can trade in-out and wash stocks, so I'm not dead set on any stock.
i'm expecting a small oil rally and a paper tiger jobs report to keep things doing okay for next week or so as we get people buying "bargains", then earnings will start to tank everyone.

 

[tinker_190]

Just index ETFs with low expense ratios. I can't be bothered to try to generate Alpha anymore

 

[JonesBones]

I'll be qualifying for trader status this year so I can trade in-out and wash stocks, so I'm not dead set on any stock.
i'm expecting a small oil rally and a paper tiger jobs report to keep things doing okay for next week or so as we get people buying "bargains", then earnings will start to tank everyone.

One strategy that works sometimes for me is to buy a stock about a week before earnings. It often runs up to earnings. Then, of course, earnings are a crap shoot so you bail on the day before earnings. Get out your parachute and fuckin jump. Then you can buy it back if it does crash. I usually hold a few shares through earnings but sell most.

Low expectations have helped Apple in the past. Last year Google had a really good report but the stock crashed. Why? They beat expectations. But people expect them to beat expectations so that wasn't enough. Because beating expectations is the expectation. Around the same time Apple was going through similar drama that they are now. Earnings gonna be bad. Stock shot up on earnings. They also announced a buyback. lol. They pulled a rabbit out of their hat on that one. They are still buying back more stock too. I have bailed twice on Apple earnings and they surprised me.

 

[Ophydian]

I'll be qualifying for trader status this year so I can trade in-out and wash stocks, so I'm not dead set on any stock.
i'm expecting a small oil rally and a paper tiger jobs report to keep things doing okay for next week or so as we get people buying "bargains", then earnings will start to tank everyone.

Shouldn’t Q1 earning be ok then after that everything goes down hill.

 

[hisandherpes]

apple is a terrible company post jobs. every new iphone is the same thing with a bigger screen and a better camera. no new innovation whatesover

 

[brackis1]

every new iphone is the same thing with a bigger screen and a better camera. no new innovation whatesover

Yeah no new tech! Just better cameras and screens! But the shift key you need lacks innovation; fuckin Apple!

 

[brackis1]

Shouldn’t Q1 earning be ok then after that everything goes down hill.

Not when companies start providing guidance on their conference calls.
The last few months pretty much every stock has dropped after earnings, regardless of initial spike. (e.g. the next day it goes down)

 

[HunterSdVa29]

I was killing the game w/ my massive shares of ATVI and NVDA, then they dropped

but I bought NVDA at like 28/share and ATVI even lower, so i'm still way up on those positions

I've completely removed the INTL sectors from my TSP and 401k, and in my ROTH IRA have added mad REIT shares as of late

 

[JonesBones]

I'm close to buying Tesla. Also bought some AMD on today's dip.

 

[JonesBones]

I was killing the game w/ my massive shares of ATVI and NVDA, then they dropped

but I bought NVDA at like 28/share and ATVI even lower, so i'm still way up on those positions

I've completely removed the INTL sectors from my TSP and 401k, and in my ROTH IRA have added mad REIT shares as of late

ATVI has been a fuckin nightmare. lol. I cut my losses on that one. It has to come back sometime though. Jesus. Video game stocks been hammered. Casino stocks too.

 

[HunterSdVa29]

ATVI has been a fuckin nightmare. lol. I cut my losses on that one. It has to come back sometime though. Jesus. Video game stocks been hammered. Casino stocks too.

It has, luckily I've owned it since late 2015 so i'm still way in the positive, but ya. It's been rough

Crazy part is I originally put 5k into NFLX about a year before that. Went from 60-129ish, and I sold b/c it started dropping and split the proceeds equally into NVDA and ATVI.

Had I just left in NFLX, i'd probably be even more along, as it's now 274

 

[bad seed]

how was everyone's December?

(I dont use RobinHood and lost a lot more than 13k but you get the idea)

 

[brackis1]

how was everyone's December?

(I dont use RobinHood and lost a lot more than 13k but you get the idea)

I made a year's salary in 2 weeks and lost a half year's salary the week after thanks to aggressive shorting.
Funny how that results in feeling like shit

 

[JonesBones]

how was everyone's December?


(I dont use RobinHood and lost a lot more than 13k but you get the idea)

 

[SammyPops]

Just index ETFs with low expense ratios. I can't be bothered to try to generate Alpha anymore

Do you target individual sectors or markets? How many ETFs do you own?

Almost all of my US investments are in VOO. Only individual stock I still hld in the US is brk.b

I still hold Canadian stocks.