Investing General Discussion

Hey Fogel I guess today is a good example of why using stops is a good idea. How much did it save you on that DIS play you ran?

Its starting to feel like 3am at the bar because CVX is beginning to look good to me around $90.

Fogel said:

My calls stopped out at around 4.10 I believe, the current price is now 3.10

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I have only had one of my limit orders hit today. I am hoping to see a tsunami of sell-on-close orders drop the last few minutes to pop some of my orders.

Looks like NVDA should split to around 187 - 188 per share.

Ive lost 20k in my portfolio in the past 2-3 days. Wtf is going on with the market

Foler said:

Ive lost 20k in my portfolio in the past 2-3 days. Wtf is going on with the market

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Buy better stonks.

Sanrith Descartes said:

Buy better stonks.

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I don’t day trade tho. My portfolio is all index/managed/bond funds, etfs etc

Foler said:

bond funds

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Seriously though. instead of looking at the last couple of days, look at the last couple of weeks. The odds are most likely you went up a lot more than you went down.

Sanrith Descartes said:

Seriously though. instead of looking at the last couple of days, look at the last couple of weeks. The odds are most likely you went up a lot more than you went down.

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I’ll take a look. I honestly don’t check it but every few weeks so all I know is last time I checked it it was about 15k higher, didn’t look at the analytics. I know we’ve discussed this before sanrith but I have my investments under a financial advisor where the percentage charge just evens out versus me managing it myself. I’ve done it this way for ten years and have been satisfied. Better returns would always be welcome but at my current point in life I’m hesitant to jump in the pool with all you guys in this sub forum. Much respect - I just don’t have the time at the moment to do the learning required. I’d like to one day.

Foler said:

I’ll take a look. I honestly don’t check it but every few weeks so all I know is last time I checked it it was about 15k higher, didn’t look at the analytics. I know we’ve discussed this before sanrith but I have my investments under a financial advisor where the percentage charge just evens out versus me managing it myself. I’ve done it this way for ten years and have been satisfied. Better returns would always be welcome but at my current point in life I’m hesitant to jump in the pool with all you guys in this sub forum. Much respect - I just don’t have the time at the moment to do the learning required. I’d like to one day.

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The trick is when discussing finances and the like you are better off using percentages rather than dollars. Saying you are down 20k in the last two days lacks context. If your invested portfolio is 1 million dollars and you are down 20k then you are down 2% which sounds quite normal for a short timeframe. If your portfolio is 100k then you are down 20% and something bad just happened.

So assume yesterday Blazin and I both lost 1.5% of our portfolios. His dollar amount loss is "significantly" larger than mine. Percentages > Dollar amounts.

ps.. If you are paying someone to manage your investments and he has you in bonds in the current market environment, you need to find a new investment manager. Inflation > Bond yields.

NVDA
So here is the post-split chart. 50 DMA is $175, 100 DMA is $157 and 200 DMA is $146. My personal opinion is we can see a move eventually to down around the 100 DMA and I will likely re-enter it here if it hits it.

Be honest. Who didnt buy the dip yesterday?

Sanrith Descartes said:

Be honest. Who didnt buy the dip yesterday?

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I would of if I had any cash, but I never sold to begin with, and this is an off week for contributions. I'll be buying dips next week.

Lightning Lord Rule said:

Hey Fogel I'm guessing this is what happens when the FDA doesn't cooperate:

Ardelyx Down 74% After FDA Letter on Tenapanor​

BY Dow Jones & Company, Inc.​

— 11:38 AM ET 07/20/2021​

​

Ardelyx Inc. (ARDX) shares dropped 74% to $1.97 after the company said it received a letter from the FDA on its application for tenapanor in chronic kidney disease.​

The biopharmaceutical company after the bell Monday said it received a letter from the U.S. Food and Drug Administration stating that, as part of its review of the tenapanor new drug application for the control of serum phosphorus in adult patients with chronic kidney disease on dialysis, the FDA identified deficiencies that "preclude discussion of labeling and post-marketing requirements/commitments at this time."​

The letter stated that the notification doesn't reflect a final decision on the information under review.​

Ardelyx said it requested a meeting to discuss the deficiencies and was notified by the FDA Monday that the request was denied.​

The FDA hasn't provided specific details regarding the deficiencies, but noted a key issue is the size of the treatment effect and its clinical relevance, Ardelyx said.​

Wedbush downgraded the stock to Neutral from Outperform and lowered the price target to $3.00 from $14.00.​

"With regulators indicating size of the treatment effect and its clinical benefit as a key issue, we are hard pressed to see anything but a Complete Response Letter emerging for tenapanor. The move is unexpected particularly in light of earlier labeling discussions between ARDX and FDA," Wedbush said.​

I don't post this as a gotcha, but more a "Damn!" since I've been watching the stock since you posted about it, though I never took the plunge because I wanted to see how it played out. Guess it now has nowhere to go but up making it a buy? *shrug*

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Best investing advice I ever saw for biotechs is to take your money and spread it around in small bits to as many biotechs as possible. 99% will crash and burn and the hope is the 1 that hits it hits a homerun for you. The other option is to just invest in the XBI. I choose the second option.