Economy Stocks thread v28: in loving memory of Rob Mafia and Brackis1

HOLA said:
UNH ouch.

CEO just quit. Stock down 16% today and 50% or so from its high. Thank God I don't own that one.

Surprised by NVO too. Made a quick 16% with them doing a momentum trade in 2023. I Sold it over $90 in August of 2023, then It rose up close to $150, but now it is back down to $65. Yikes!
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@therealdope

What happened with NVO
 
chardog said:
Up 100 since

Mr waltz good luck charm

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What a sad little man, taking glee from the temporary misfortunes of those far more successful and who have contributed far more to society than yourself.
This guy was supposed to appeal to men and get their vote? lol He is acting like a woman scorned, pathetic mentality.
 
all the Mag 7 stocks, outside Google, have been pumping hard since mid April

Could’ve just parked your money in TSLA and be up 50%
 
Michaelangelo said:
all the Mag 7 stocks, outside Google, have been pumping hard since mid April

Could’ve just parked your money in TSLA and be up 50%
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Darn it, Tesla was the only one of the 7 I avoided during this sale period and Google was the one I went heaviest on.
Still doing well out of it though so can't complain too much.
 
UNH's decline is reaching truly epic proportions. DOJ just announced they are probing them for Medicare fraud. Down to $283 after hours, from a 52 week high of $630. Luigi sends his regards.

 
HOLA said:
UNH's decline is reaching truly epic proportions. DOJ just announced they are probing them for Medicare fraud. Down to $283 after hours, from a 52 week high of $630. Luigi sends his regards.

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Just waiting for the bottom at this point
 
UNH will be going in my long term folio

5 to 10 years easy hold
 
HOLA said:
I made a purchase Monday: SOC. Sable Offshore Corp.

I discovered them through Li Lu: https://www.dataroma.com/m/holdings.php?m=HC

(He also sold half of his Apple holdings btw, just like Buffett).

SOC's holdings used to be owned by Exxon. After a pipeline leak, and regulatory issues in California, Exxon were forced to sell and sell cheap in recent years. Real cheap. California wanted Exxon to be compliant with their regulations, not just for Exxon's operations in California, but for all their operations worldwide. Exxon could not abide. The Santa Ynez Unit is a very valuable asset BUT California is regulation hell for Oil & Gas companies usually.

SOC is giving it go. As it stands now, they've passed a lot of the regulatory hurdles, and production is scheduled to restart in the first quarter of 2025. They haven't passed all the hurdles, however, and it's possible someone still throws a wrench in their plans. There is risk here.

SOC has the advantage in that they're focusing their efforts in California. They aren't a global behemoth like Exxon. As it stands right now, they only have a $2 billion market cap (The Santa Ynez Unit assets they purchased from Exxon, for less than $1 billion, have a Net Asset Value of $10 billion).

SOC's management is very similar to OXY's; that is, very limited capital expenditures, focusing instead on maximizing cash flows to investors. I posted this video of Mohnish Pabrai talking about it earlier in this thread, but I'll post it again:



Bought my shares at $23.85. We'll see how it goes.
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HOLA said:
Today I bought:

AAPL: $170.01
AMZN: $169.40
GOOGL: $143.41
MSFT: $351.06
URI: $543.68
OXY: $36.20
SOC: $16.44
RLI: $73.00
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FUCK YES!!!

It worked out.

HOUSTON--(BUSINESS WIRE)--May 19, 2025--Sable Offshore Corp. (“Sable,” or the “Company”)(NYSE: SOC) today announced that as of May 15, 2025, it has restarted production at the Santa Ynez Unit (“SYU”)

Sold at $33.76. Two batches I bought were equal amounts.

First batch bought 12/30/24: 41.55% gain. 147.43% annualized gain.
Second batch bought 04/08/25: 105.35% gain. 60,432.31% annualized gain.
 
Another scandal for UNH. Down 4.5% They're starting to remind me of Wells Fargo a few years ago. Just never ending scandals. Although they're way more evil than even Wells Fargo was.

 
I can't believe no ones mentioned the Quantum Computing stocks yet

RGTI
IONQ
QBTS

Momentum meme stocks right now but in a few years they may move like NVDIA and PLTR
 
My TT has eviscerated LMT to become the 4th largest position in my portfolio, by a pretty significant margin now.

My average cost per-share is $104.5, bought during the Covid downturn, and it's now $433.
 
NVDA with a nice 5% pump after earnings
 
HOLA said:
FUCK YES!!!

It worked out.

HOUSTON--(BUSINESS WIRE)--May 19, 2025--Sable Offshore Corp. (“Sable,” or the “Company”)(NYSE: SOC) today announced that as of May 15, 2025, it has restarted production at the Santa Ynez Unit (“SYU”)

Sold at $33.76. Two batches I bought were equal amounts.

First batch bought 12/30/24: 41.55% gain. 147.43% annualized gain.
Second batch bought 04/08/25: 105.35% gain. 60,432.31% annualized gain.
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Damn, good thing I sold right away instead of dilly dallying. California court just gave them an unfavorable ruling and they sank back down to $27.89.
 
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