Board 8 > Stock Topic 6

(+) Yeah! (+)

red sox 777 posted...

Speaking of momentum stocks, I bought some NFLX in I think 2009 or so but sold it for a 20% or so profit. I checked NFLX this morning. It's up 72x since then. I don't remember how much I had invested but I think it was 1 or 2 thousand dollars or so. $1,000 would be worth $72,000 now. $2,000 would be worth $144,000. I wish I had just forgotten I bought that stock.

Don't worry about this now
Worry about not knowing which stock will be the next NFLX in 10 years from now

We can all cry about not investing our life in Amazon and turning into billionares, but instead we should seek the next Amazon!

Any ideas? people have high hopes for NIO for example, calling it the next Tesla
NKLA is promising too from what I heard

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Nanis23 posted...

Don't worry about this now
Worry about not knowing which stock will be the next NFLX in 10 years from now

We can all cry about not investing our life in Amazon and turning into billionares, but instead we should seek the next Amazon!

Any ideas? people have high hopes for NIO for example, calling it the next Tesla
NKLA is promising too from what I heard

Well, finding these companies is not that hard. What's hard is holding it for years and not cashing out for a small profit or even pretty big profit. I think realistically, if I didn't sell at +20% I surely would have sold at +50% or +100% or +300%. Holding for +72,000% is unlikely unless I actually forgot I owned the stock. I think this is the source of Warren Buffett's long term success - he really does hold for decades.

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Im going to buy into WYNN at close tonight. I have a feeling its going to be do well after hours.

FYI the reason WYNN has not participated in the rally since Friday is probably the new coronavirus outbreak in Beijing. They do the majority of their business in Macau so any new closure there or restriction of travel in China would be damaging.

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Yeah I was wondering about that actually

MFA is down today too. That one usually pops off 5+% after red days.

It's odd how many euphoria stocks are down today with the market up a lot:

MFA -4%
CHK -18%
NKLA -7%
GNUS -12%
XSPA -3%
HPR -2%
TSLA -1% (No one here has been talking about it and it has a market cap bigger than the others on this list combined, but this is a company that has never ever turned an annual profit. It just loses money year after year while the stock soars.)

There are a bunch of other euphoria stocks that are up, but just slightly, which is also weird:

LK +0%
TLRD +1%
HTZ +3%

And TVIX which usually falls hard on a green day like this is only down 1%. With this list you would think the market was narrowly down, not up 500 points.


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How is Tesla still not turning a profit??

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I don't think Elon has any real desire to turn a profit. I'm not sure it would help the stock price either - then people might starting evaluating Tesla in terms of earnings per share or price/earnings ratio, which would show it's ludicrously overpriced. As long as those numbers are negative, the market can ignore them and evaluate Tesla based on dreams and momentum.

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So the company is just bleeding money, but still has enough to stay the course and people are just believing in its future. Phenomenal

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I seriously do not understand Tesla's price point.

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Also as some input into WYNN, their resort will be reopening pretty soon here in Massachusetts, probably 2 to 3 weeks. It's a bargain right now imho

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I am also a bag holder, and I also quite like the Encore in Boston

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What do you mean Tesla not showing profit?
Isn't "first time profit" was the reason for the stock to surge from 250 to 950 in the first place..?

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Nanis23 posted...

What do you mean Tesla not showing profit?
Isn't "first time profit" was the reason for the stock to surge from 250 to 950 in the first place..?

Redsox's point was it never had an annual profit. But looking at their 10Q, last quarter had a profit.

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I am reading that Tesla may have turned a profit in a quarter. I don't think it has done so over a whole year.

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Ended up not going in on anything.

There might be an opportunity to pick up NCLH shares tomorrow. The shares are down 12% after hours because the company announced that they won't be sailing until October.

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Too bad I don't have extra funds right now for that. I sold it a while back thinking of getting back in and never did

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Sounds good. I need to start holding longer.

Just gotta make sure they dont go under before then...

I think they said they had secured enough funding to last over 12 months (from May) with no revenue. My parents love NCLH. I personally don't understand why anyone would want to go on a cruise but people do so......

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Cruises are fun aside from all the smoking and the shitty scams that accompany excursions

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I know we are often taught not to invest based on historical patterns, but check out the three month chart for LVS. Technical analysis suggests that it will rise tomorrow after open. If you can hold it for a week, it should be pretty solid for a gain.

Moonroof posted...

I know we are often taught not to invest based on historical patterns, but check out the three month chart for LVS. Technical analysis suggests that it will rise tomorrow after open. If you can hold it for a week, it should be pretty solid for a gain.

What technical analysis if you don't mind me asking? What are some good resources?

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One thing to look out for in the coming future. We are a bit less than a month and a half from the extra unemployment benefit wearing out.

We know people don't save money even when they know this money is going to be running out.

All this spending people are doing right now could come to a screeching halt.

Quite frankly after the next pump up I am probably sitting on the sidelines. Too much fear. Protests might cause a big spike in confirmed cases by next week. Who knows.

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Me fear too

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I believe I am also in mostly stand pat mode unless a new company goes public that I really believe in.

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Negative neon is feeling like this market is way too overweight

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I feel like certain stocks are going to be an issue soon.

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Like?

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I don't trust any cruise line that is more than 70% of its 52 week high.

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I woke up this morning feeling like I dont trust any stocks :(

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I trust most of my stocks tbh.

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I trust my long term holds

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Neon can I PM you my lt holdings later gotta to back to sweat shop

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Im starting to worry about AAL.

Moonroof posted...

Im starting to worry about AAL.

Would it make you feel better if I just doubled my investment at 16.70?

(I didnt but I am thinking on it)

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Yes. lol!

red sox 777 posted...

TSLA -1% (No one here has been talking about it and it has a market cap bigger than the others on this list combined, but this is a company that has never ever turned an annual profit. It just loses money year after year while the stock soars.)

is TSLA something that I shouldn't own?

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MajinZidane posted...

is TSLA something that I shouldn't own?

I wouldn't personally own it based on the underlying business. One can never tell how long it will keep rising though.

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Tesla also doesn't pay a dividend.

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In LK news, remember the shares Goldman Sachs seized from the chairman as collateral for his margin loan? They said they sold all of it, and received an average price of $2.75 per share. They got back $200 million out of the $500 million they were owed, so unless they can find some other assets of the chairman to seize, they took a loss of $300 million on the margin loan. I think everyone here who traded LK sold at a higher price than $2.75 or are still holding, so we all did better than Goldman Sachs on this one.

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red sox 777 posted...

In LK news, remember the shares Goldman Sachs seized from the chairman as collateral for his margin loan? They said they sold all of it, and received an average price of $2.75 per share. They got back $200 million out of the $500 million they were owed, so unless they can find some other assets of the chairman to seize, they took a loss of $300 million on the margin loan. I think everyone here who traded LK sold at a higher price than $2.75 or are still holding, so we all did better than Goldman Sachs on this one.

This makes me smile.

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I like almost everything I have for long term but I also don't like any of it. I don't have any risks and that might be my problem.

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Also, bravo to Hertz - it's still fighting and is back over $2 today. If they can sell those 246 million shares at an average price of $2, they can raise nearly $500 million. I wonder if that's enough to escape bankruptcy. If it is, the shares are very cheap at $2. Wish we had some numbers about how many new shares they've sold already.

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Same here neon bro

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lol NCL already back up

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HTZ now halted for "news pending." Yeah, this seems to be a major risk of buying shares in a company like this. There is some chance it will get halted and you won't be able to sell for a while at any price. While LK ultimately worked out for me, I was forced to hold it for a month and a half while it was halted and that was awful

IMO, these unannounced halts are very unfair if they are going to last longer than a few minutes. I think we might actually get news from HTZ a lot faster than LK as they are an American company with experienced lawyers and management, but still, no need for the halt.

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