Board 8 > Stock Topic 10

(+) Yeah! (+)

I'm also cashing out on TSLA. It took a bit of a dip and if all of you are cashing out, seems like a good choice. Might divert these funds to NVID

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Rocket to the moon

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Major sell off today. Everything opened so strong and now most are red. Peloton opened at 10% and I sold at 5%. Now its at 3%.

Glad to see Tesla falling. Hoping Apple picks up today but its been on a year lately so this is fine.

I sure did make the right move following along with the rest of you and cashing out of Tesla yesterday. Looks like the dip is on

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Moonroof posted...

Major sell off today. Everything opened so strong and now most are red. Peloton opened at 10% and I sold at 5%. Now its at 3%.

Glad to see Tesla falling. Hoping Apple picks up today but its been on a year lately so this is fine.

All indexes appear green to me.

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Ah crap I didnt really apple went up so far and then so far down

Oops

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Corrik7 posted...

All indexes appear green to me.

I was referring to the big tech stocks

Cashed out a little on Apple

Docu is dropping but I'd still expect it to pop after earnings tomorrow.

RKT is looking nice, should be great after earnings too. I'll probably plan on selling it then.

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Cashed out on Apple too. I want to make room for IPOs down the road. Right now my only remaining position is Lyft which Im waiting to break even at...

I usually don't buy tech stocks because I'm a Luddite, but I did pick up some WORK today. I didn't choose it because of a thorough analysis or anything; honestly, I just really, really like Slack. It's the best chat program I've ever used by far.

Idk why I didn't buy any Zoom before its big spike, I was asleep at the wheel with that one.

I've also been stockpiling LUB in anticipation of COVID easing up in Texas. Seems like a fun semi-penny stock.

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I should have been on top of Zoom for you guys. My fault.

Yeah, we whiffed not realizing when Zoom's earnings report was coming. Hopefully we can make up for it on Docusign and Peleton!

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I thought Zoom was going to disappoint with their earnings to be honest

I don't see how their business model is profitable. You can do so much with the free version. And then when you actually need the paid version only the host needs to be on the paid version.

They must sell data or something.

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A bit late but Cinemark and AMC are probably good mid term buys.

I've been looking at Cinemark for a while. Looks like it jumped 30% before I could buy in though. I'm still kind of skeptical the movie theater business will come back that well. I feel like a lot of people are going to decide they can watch movies at home, or are getting into outdoor activities.

I do regret not buying Docusign. It was at $205 last week, sigh.

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RKT what are you doing

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Yikes....

It was just down 7% after hours. Rebounded to down 2%. Weird.

Huge selloff, but I'll wait another 15 for the ER. How late is after hours open?

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Usually 630est for most platforms.

Went back down to minus 6%. Now green! Bizarre.

It is going +/- 5% every five seconds. Never seen this.

Rocket dropping faster than a price manipulated bio stock

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Lopen posted...

I thought Zoom was going to disappoint with their earnings to be honest

I don't see how their business model is profitable. You can do so much with the free version. And then when you actually need the paid version only the host needs to be on the paid version.

They must sell data or something.

They have a P/E ratio of 540 so it was probably something in their earnings report other than earnings that impressed the market.

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Dow close to all time high?

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Looks like we're just 500 points away from the ATH.

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Thanks to tech stocks. Most financial and travel stocks are at pitiful levels.

Tech hard carrying the stock market right now.

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I'm not worried about RKT, earnings were great. Still listening to their live discussion. I'll keep holding

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so RKT is like DDOG and after a really nice ER, the stock loses 10%

don't panic

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The market was up this morning then plunged hard over the last hour and a half. Dow fell like 800 points peak to trough.

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Crazy. Apples and Teslas splits really were singlehandedly dictating the market the past week or two.

Today has been a bloodbath

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Wish I had liquidated more yesterday to buy today.

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What to buy?

Sold more LUV

Bought DOCU, RKT, SQ

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https://youtu.be/8KC0uZtuR4E

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Looking at AMD

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I was caught with my pants down today
If tomorrow is not looking good either I will probably leave the stock market for good

It's a damn shame but sometimes you got to admit defeat and move on, this is just not for me

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I was very tempted to cash out AAL and rebuy later in the day when it was over 14, missed opportunity damn

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I mean..it's dumb, really
I have been playing it super safe and missed most of the huge gains
Was I all in today? no, I wasn't. But today was such a bloodbath that even playing it safe is not cutting it
2 Months of gains deleted in an instant
I am still down from the previous stock market crash so..yay

Worst thing is that I can't even complain about it because everyone are so "what do you want, the stock market was surging like crazy! a correction was needed!" expect I wasn't part of most of those gains because I am dumb


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Not knowing when to quit is when it becomes an addiction problem. If you feel it is time to quit, Nanis, it probably is.

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Just buy stuff you want to hold onto for a year or ten. Just relax

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neonreaper posted...

Just buy stuff you want to hold onto for a year or ten. Just relax

If we really are in a bubble..it's not going to be a year

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I think you'd feel better and probably get better results if you switched to investing for the long term. Don't try to time things, just buy companies that you would be happy owning shares of even if the market price doesn't move in your favor immediately.

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Yeah. The best is to hold for years. Hard for is to do that because most of us only got in the game due to COVID, and as such escort quick gains. The stock market is best played long term.

Also, don't beat yourself up for days like today. They happen. They are unavoidable, or at least, the only way to avoid them is to also miss out on gains.

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I have been playing it super safe and missed most of the huge gains

So it may be helpful to expand on what this means. Have you been keeping most of your portfolio in cash on most days?

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red sox 777 posted...

So it may be helpful to expand on what this means. Have you been keeping most of your portfolio in cash on most days?

Yes
Been using like 20% of it only

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Nanis23 posted...

Yes
Been using like 20% of it only

Then it seems like the problem is primarily that you have a low tolerance for risk. And that your risk tolerance goes up as stocks go up, causing you to miss out on a lot of the rally and buy more at the top.

If you had a financial advisor invest for you, unless you are a sick retiree on your deathbed who doesn't expect to make it beyond the next year, they would not put anything close to 80% of funds in cash. To make money, you really need a bigger allocation to stocks, but of course then there'll be greater risk.


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