Economy Stock market chat v3: Ferrari upgraded by Bank of America

Discussion in 'The War Room' started by JonesBones, May 29, 2019.

  1. JonesBones

    JonesBones Excuse my contraflow

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    WTF. I just bought some more JNJ yesterday too. They have earnings early next week.

    [​IMG]
     
  2. HOLA

    HOLA Red Belt

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    I know. It's been going up too much for too long. Next few years might not be pretty.
     
  3. rob mafia

    rob mafia Brown Belt

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    lolz @ thinking this is insider info.
     
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  4. rob mafia

    rob mafia Brown Belt

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    lolz. i saw this, bought 10 shares (basically, how i bookmark/a placeholder)... looked up what's happening with it, went NOPE and sold ~1 minute later for a .30 profit. PROFIT!

    between the lawsuits (and apparently, a DOJ investigation), i would not sit on this over a weekend. i mean, it might spike on tuesday (if this is overblown/just rumour, it will probably spike regardless of earnings), but i personally don't think it's worth the risk.
     
  5. brackis1

    brackis1 Gold Belt Platinum Member

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    Or it clears up and everyone realizes that a 1 billion in lawsuits doesnt justify wiping billions off market cap. I regret not buying at 5% down but was looking for a bottom.
     
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  6. brackis1

    brackis1 Gold Belt Platinum Member

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    Also new game I'm playing: look for stocks where ppl say "I give up!" or "this is only going higher"....then do the opposite.


    Finally some retail justice as my Levis goes back toward open price and these shitty retailers give back their morning squeeze gains. I wish I had seen these stupid Stitch Fix upgrade goldman gave. Literally all downhill today since the open.
     
  7. rob mafia

    rob mafia Brown Belt

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    oh, i know. also, i doubt jnj would have continued to sell baby powder if they knew about asbestos/carcinogens. it's just one product of many...

    but now that there appears to be a criminal probe, rationality is out. not that the market is rational, to begin with...
     
  8. JonesBones

    JonesBones Excuse my contraflow

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    Exactly. JNJ is just about the best stock there is too. They also recently won a lawsuit.
     
  9. JonesBones

    JonesBones Excuse my contraflow

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    Mattel is being sued for killing babies. Who cares? Shit matters less than people think. Unless you are Chipolte with a food outbreak. Then your fucked.

    [​IMG]
     
  10. JonesBones

    JonesBones Excuse my contraflow

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    Remark finally paid off. Was buying in the 85 cent range not long ago.

    [​IMG]
     
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  11. brackis1

    brackis1 Gold Belt Platinum Member

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    Wow thanks for telling us how cheap it got lol :p. That woulda been tasty as fuck
     
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  12. JonesBones

    JonesBones Excuse my contraflow

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    It could have gone down to 70 cents. I had no clue. I didn't think it was a good idea to share. I don't even know what the company does. lol. I think it is tech. It is Chinese.
     
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  13. JonesBones

    JonesBones Excuse my contraflow

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    Speaking of Tast. That BK and Popeye's chain I mentioned. Good swing on this. It appears to have bounced off the bottom again. I sold some today.

    [​IMG]
     
  14. rob mafia

    rob mafia Brown Belt

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    if this is re: jnj, it's not a lawsuit that brought the sp down today. it's a criminal investigation. just sayin'
     
  15. brackis1

    brackis1 Gold Belt Platinum Member

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    I do recall you getting excited about it around current trading lvl.
    Best plays are standing up to big winners and losers :)
     
  16. JonesBones

    JonesBones Excuse my contraflow

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    I just felt it could be like handing a loaded gun to a baby. Which I do myself anyway.
     
  17. JonesBones

    JonesBones Excuse my contraflow

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    I really like LivePerson too. Brackis introduced me to it. I am long on this and up nice. They are behind a lot of the messenger technology.

    [​IMG]
     
  18. brackis1

    brackis1 Gold Belt Platinum Member

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    I havent been in it sadly.

    And yes loaded guns to babies are great. If I'd gotten in on WOW @ 7 for example and I'd be a happy camper rn.
     
  19. brackis1

    brackis1 Gold Belt Platinum Member

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    Hell yeah my Symantec up a few % after hrs; let's get this buyout done!
    I love rotating thru legit buyout hopes for 2-3 week arbitrage.
     
    Last edited: Jul 12, 2019
  20. JonesBones

    JonesBones Excuse my contraflow

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    Just learned something from CNBC. They don't allow weed companies some standard deductions, making it even harder for them.

    The Tax Court has denied a California medical-marijuana dispensary’s deductions for ordinary and necessary business expenses and costs of goods sold. The Court also found that the government’s dismissal with prejudice of a previous civil forfeiture action against the taxpayer did not bar the deficiency determination.

    https://tax.thomsonreuters.com/news...sold-claimed-by-medical-marijuana-dispensary/
     

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