Board 8 > Stock Topic 11

(+) Yeah! (+)

Columbus Day is not a real holiday lol

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Fake holiday baby

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Sold my entire US portfolio besides those -
QQQ - Honestly just in case the market keeps going up and I don't want to feel bad about missing it
KO - Probably the safest stock nowadays imo. As long as we don't go into another world-wide lockdown. It isn't bloated like the tech stocks
AMD - Short term, the drop in Friday was bullshit. It will be fixed
EBAY - Somehow seperated from the market, green on red days and red on green days. But still in a upward trend so I keep this

No technical real reason to sell, I just don't want to go into the elecation with a heavy amount of money inside
The elecation sell off might begin at any time and it will be impossible to time it
I am just glad my US portfolio made it back to the record it had before the sell off that was in early September

Oh and I totally don't trust AAPL presentation today. Thanks for 5%, but I doubt it will last

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I'm jacked baby

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Oops sold too soon
"No way Apple will rise more than 5% today"

Oops

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do you think this time next year Apple stock will be worth less than it is now?

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neonreaper posted...

do you think this time next year Apple stock will be worth less than it is now?

No, I just don't want to suffer the dip when it happen before the election

If there will be one
Maybe I am making a huge mistake

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Tim apple

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greengravy294 posted...

Exactly 2 months

Holy fuck I'm a beast

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What's apple going to do tomorrow Nanis

I'm holding into tomorrow, I need your apple thoughts

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greengravy294 posted...

What's apple going to do tomorrow Nanis

I'm holding into tomorrow, I need your apple thoughts

Sell the news

Which means AAPL is going to do the exact opposite and actually go up another 6% so be glad you still hold!

As long as I am out from the market it will continue rising, don't worry!
I will inform you when I return so you can take profits

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Well honestly the news would be what exactly apple is planning on selling, yes? We know 5G, but nothing else. It's fairly speculative there. What if they came up with something great agan? Hypothetical of course, but 15 years ago I'd not believe you if you said we could use the internet on the go. So, really, you never know.

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Disney up big after hours, they're focusing on streaming.

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Do you guys fuck with penny stocks?

It's definitely not something I would put a bunch of money towards but since I'm planning to put $1k towards investing every month, I'm thinking it wouldn't be a big deal to take a few hundred dollars every now and then and split it up amongst a bunch of penny stocks.

I think I'd need to open a normal trading account though, apparently Tax Free Savings Accounts are somewhat scrutinized by the CRA for trading, it's just meant to be for investment growth, not gambling on price spikes... and penny stocks are kinda emblematic of that.

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In actual investing news I'm going into Canadian Western Bank wooo local

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Lopen loves his penny stocks

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Guess Ill just continue not making money with EVRI

It is up around 175% since the main drop in March. 100% since the second drop. 20% in the last month. One of the few stocks that is trading higher than from that June spike. It just keeps going up! And its still under pre-covid levels.

Niooooooooo

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What is it?

Nio.
Was +21% when I checked

I remember when people said to buy it when it was at 3 dollars

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I was thinking about nio this morning lol

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FSLY killed after hours, hope no one had that

NET hurting from it but they shouldn't be, going to buy more tomorrow

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FSLY graph is so similar to FVRR which also has earnings in 2 weeks
Staying in a stock that increased by 700% in a few months for earnings is pretty dangerous (unless you went in super early, and what is a 30% dip after a 500% profit..)

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Nanis23 posted...

FSLY graph is so similar to FVRR which also has earnings in 2 weeks
Staying in a stock that increased by 700% in a few months for earnings is pretty dangerous (unless you went in super early, and what is a 30% dip after a 500% profit..)

A 30% dip after a 500% profit loses nearly 40% of the profit.

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Wtf fsly

I know nothing about it but DAMN

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Looks like their largest customer Bytedance (tiktok) didn't use them as much as expecting.

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Menji posted...

NET hurting from it but they shouldn't be, going to buy more tomorrow

Hurting is a bit relative considering this just spiked from $45 to $61 a few days ago, but I suppose this would be the time to slip in

What's the upside of this company? I'm aware of the massive reach this company has, whenever a major site or even game goes down you find out that cloudflare, so that pique's my interest, but a quick peek at the 2019 financials and the Q2 2020 financials show this company is operating at significant loss, has been for years, and is projecting to continue to lose for full 2020.

So where's this going long term?

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I have a feeling we are in for a terrible few weeks. Between covid cases going up and the election.

picked up some DKNG again. I think under 46 is safe but expect a drop to low 40s at some point.

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So how did everyone like today?
Looks like so far my idea to sell most of my portfolio was worth it
But it doesn't mean shit if I won't know when to come back in
Two weeks to elections

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Piled on DKNG this morning and it felt really fucking good

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Market will be fine in November imo.

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Today was quite good. Travel stocks did well, and CNK was up 11% in the morning before ending at +7%.

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And today is my best day since June. I sold 1/3 of my position in CAR and shifted it to NDAQ (the exchange company, not the index) and SPCE.

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I have to get back in. Im scared of November though.

Dont quote me here but entering BA here for long term makes sense. Donald desperately needs a win, and airlines will boom if the stimulus package happens.

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Basically itll either boom, or stay mostly stagnant until February. The MAX is going well. Etc. Think it's a good lt play

But no one here cares about my non sexy plays so why am I bother

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greengravy294 posted...

Basically itll either boom, or stay mostly stagnant until February. The MAX is going well. Etc. Think it's a good lt play

But no one here cares about my non sexy plays so why am I bother

The only plays I care about are the non sexy plays
I prefer to leave bettings to the casino (and I don't go there)

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I'm interested in finding stocks that are really down now because of COVID but will not go bankrupt and get back to business eventually, which means they'll inevitably rise. Airlines would fall into that category.

But if something goes bankrupt and gets bailed out, it could have it's common stock erased right? Airlines seem like a potential bailout risk. That's basically the worst outcome for investing.

How does Boeing look like in that regard?

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People still use snapchat so much? wtf

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CoolCly posted...

I'm interested in finding stocks that are really down now because of COVID but will not go bankrupt and get back to business eventually, which means they'll inevitably rise. Airlines would fall into that category.

But if something goes bankrupt and gets bailed out, it could have it's common stock erased right? Airlines seem like a potential bailout risk. That's basically the worst outcome for investing.

How does Boeing look like in that regard?

Usually companies that receive a government bailout don't go bankrupt (because they got bailed out). My strategy is similar to yours - investing in financially stronger companies in distressed sectors on the theory that not everyone will go bankrupt and if they don't go bankrupt, they should go up. Holding DAL, ALK, and CAR on that reasoning.

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CoolCly posted...

How does Boeing look like in that regard?

Well if you think of it in a very basic way: who provides the actual airplanes to the airline services? You have either Boeing, or Airbus really. There's concerns about BA, for sure, especially with their 737 MAX. But news have been positive there, and I think the last 3 months have been a very stable entry rate around 160~170. I bought in at "the top" around 230 (as a disclaimer) in early June.

I see it like this: if a stimulus is passed, BA goes up. If it doesn't get passed, BA stagnates. Maybe goes up a bit on MAX news. But do I see BA going lower form where it is? No I don't. Sure, the MAX could have another huge fuck up, but signs point to it not being fucked up. But think: the stimulus is an eventuality. Either Trump gets it done now, or it gets done under his administration after the election, or a supermajority in that same timespan will get the stimulus through. Any way you look at it, a compromise will have to be met. This month might not happen, but the next 4? Absolutely will happen.

Boeing has incredible infrastructure and and a duopoly that I'd never bet against it.

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Would you happen to know the typical service lifespan of a plane? My main fear with BA is that if, say, air travel only recovers to 90% of pre-virus levels, that means that airlines don't have to buy any new planes for years.

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red sox 777 posted...

Usually companies that receive a government bailout don't go bankrupt (because they got bailed out). My strategy is similar to yours - investing in financially stronger companies in distressed sectors on the theory that not everyone will go bankrupt and if they don't go bankrupt, they should go up. Holding DAL, ALK, and CAR on that reasoning.

Are you sure that's what it means? I've been pointed to the General Motors bailout in 2009, which did erase all common stock. Why would we not expect that to occur now?

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CoolCly posted...

Are you sure that's what it means? I've been pointed to the General Motors bailout in 2009, which did erase all common stock. Why would we not expect that to occur now?

Well, "bailout" isn't a technical term. The GM shareholders didn't get bailed out. The employees did.

But uh, I wouldn't invest in any company that I think would go bankrupt but for government action to bail it out. That's too risky for me. A solvent company would just say no to a "bailout" that requires going through bankruptcy.

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greengravy294 posted...

Well if you think of it in a very basic way: who provides the actual airplanes to the airline services? You have either Boeing, or Airbus really. There's concerns about BA, for sure, especially with their 737 MAX. But news have been positive there, and I think the last 3 months have been a very stable entry rate around 160~170. I bought in at "the top" around 230 (as a disclaimer) in early June.

I see it like this: if a stimulus is passed, BA goes up. If it doesn't get passed, BA stagnates. Maybe goes up a bit on MAX news. But do I see BA going lower form where it is? No I don't. Sure, the MAX could have another huge fuck up, but signs point to it not being fucked up. But think: the stimulus is an eventuality. Either Trump gets it done now, or it gets done under his administration after the election, or a supermajority in that same timespan will get the stimulus through. Any way you look at it, a compromise will have to be met. This month might not happen, but the next 4? Absolutely will happen.

Boeing has incredible infrastructure and and a duopoly that I'd never bet against it.

I guess the thing I'd be concerned about is whether Boeing is actually a going concern? Do they have the cash to keep operations afloat until business resumes?

If airlines don't have the ability to buy new planes because *they* are all cash starved, a manufacturer like Boeing could even be more at risk, if they have to put what capital they *do* have into planes and not just hold on to maintaining what they have until hopefully business picks up. It sounds like they have double problems of an airline rather than a safe base to cling to.

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red sox 777 posted...

Well, "bailout" isn't a technical term. The GM shareholders didn't get bailed out. The employees did.

But uh, I wouldn't invest in any company that I think would go bankrupt but for government action to bail it out. That's too risky for me. A solvent company would just say no to a "bailout" that requires going through bankruptcy.

Well, yeah. Exactly. That's what I would be afraid airlines are headed towards. Bankruptcy is actually a possibility for a lot of players in some industries, and Airlines could very well be one of them.

It's like investing in a movie theatre right now - there's a good chance most movie theatres are going to go bankrupt. Your investment will be lost. The government probably won't bail those out. Airlines, yeah, they'll want to keep those going. But that doesn't mean we'll be protected as shareholders.

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If you want to invest in something air travel related while still being as safe as possible, just invest equally in as many major airlines as you can + boeing is what I'd say.

They aren't ALL going to go bankrupt.

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CoolCly posted...

I guess the thing I'd be concerned about is whether Boeing is actually a going concern? Do they have the cash to keep operations afloat until business resumes?

If airlines don't have the ability to buy new planes because *they* are all cash starved, a manufacturer like Boeing could even be more at risk, if they have to put what capital they *do* have into planes and not just hold on to maintaining what they have until hopefully business picks up. It sounds like they have double problems of an airline rather than a safe base to cling to.

I believe about 25~33% of their income are from defense contracts with the US defense. id look it up. theyre one of the top DOD contractors, long with raytheon and lockheed martin

the stimulus has a gigantic bail out to the airline industry. its gonna happen. the specifics in their financials and whats exactly going to bail out airplanes is another thing, and i am not touting to know them off hand.

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