Investing General Discussion

Haus said:

Give Tesla robots 2 years and I bet that answer changes....

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Haus said:

Give Tesla robots 2 years and I bet that answer changes....

Click to expand...

Yeah right about the time we get those self driving Teslas and the Star Citizen release

Trump playing flip flop again. That 9th of June EU tariff deadline is already kicked out 30 days to 9th of July. Futures up 1%.

No one is going to take tariff threats seriously at this point.

Sanrith Descartes said:

MSFT is about 1 more good day from a new 52-high.

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Interestingly a lot of strange little things in my watch list are approaching 52w highs. Which is when I start getting nervous as I'd prefer not to buy things at the top(though the top is rarely the top for long).

While the 200MA did officially cross above the 100MA, it's just barely there and they are touching. The more short term MA's are obviously pointing up in a way that indicates we may re-test the previous all time high's in the next month or so.

I am a bit out of my element in this market for the moment. Short term sentiment is insane with every Trump tweet(in fairness more so than any other president has had impact), the economic data is looking fairly stagnant or slightly positive now(it was negative before), and it's possible all the gloom and doom feelings have mostly subsided. We may see people jumping on the train ride now to further push things along.

I still think overall market valuation is insane at the moment and would like to see the money more evenly distributed(what Blazin said). I know P/E isn't everything but I feel like the chickens have to come home to roost on some of these tickers as inflation slows and reality of companies that make things and do things starts to settle in a again....or maybe those days are over? The entire world is chasing the next speculative play now?

I am not trading much at the moment beyond some long term hold and my little SPY snipes that I do for 2-5% when I have the ability to trade that day(lower recently as I am traveling for work)

Might finally get my money back from AMC, only needs to climb another .92 cents jfc definitely cashing the fuck out soon as it hits break even price.

lol

Burnem Wizfyre said:

Might finally get my money back from AMC, only needs to climb another .92 cents jfc definitely cashing the fuck out soon as it hits break even price.

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If you are serious I'd sell a call or set a limit sale now. Otherwise you'll be tempted to "watch it rise a bit more if it gets over your cost.

You can also set a conditional, if over by 10cents, set a 5 cents trailing stop. Chances are with that tight of a window it will get executed immediately, but if it skyrockets instantly for some insane reason you could catch a little of it.

I do a ton of these trades and it's how I do my little snipes of 2%, because otherwise I have all too often been up 2% and thought, "sweet, I may gain more than I expected" and 2 hours later im now -5%. Obviously don't apply this to your long term holds or speculative plays/companies that you believe in long term, but if you truly own a ticker you want out of.....don't play games, be happy with any win.

Rangoth said:

lol


If you are serious I'd sell a call or set a limit sale now. Otherwise you'll be tempted to "watch it rise a bit more if it gets over your cost.

You can also set a conditional, if over by 10cents, set a 5 cents trailing stop. Chances are with that tight of a window it will get executed immediately, but if it skyrockets instantly for some insane reason you could catch a little of it.

I do a ton of these trades and it's how I do my little snipes of 2%, because otherwise I have all too often been up 2% and thought, "sweet, I may gain more than I expected" and 2 hours later im now -5%. Obviously don't apply this to your long term holds or speculative plays/companies that you believe in long term, but if you truly own a ticker you want out of.....don't play games, be happy with any win.

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I bought it when it was down below the 200 DMA as a place to park 5k because it was just sitting there, then all the tanking happened and it literally got cut in half, I’ve been sitting on it waiting for it to recover, from down 2500 to down 492 dollars, I’ll consider break even a huge win lol.

set a sell order now then and look away.

My forever bag hold is "Go Pro"(GPRO). I bought it when I first started investing, loved the company, bought all of their products, etc. It's now under a dollar and I have about 10k invested that is now worth poop. I keep it in my account now because I don't need the pittance it is worth and it acts as a reminder that even if one likes a company knowing when to jump ship is important. #1 thing that improved my game is not holding on to losses in the hopes things turn around. I'll be dead before the do in 90% of the cases.

Edit:

For fun here is another one I keep on my watch list, "PCT". It's a plastic/manufacturing company that is working on some new way to purify and create good quality resin material out of trash basically. Diluted, speculative, makes almost no dollars, tons of startup costs in buildings, machines, and research but *IF* they can do what they can say they do they could scale factories, print money, and have the good sticker of saving the planet via recycling. I basically keep them on the watch list and monitor their news cycles for any type of positive indicator that someone wants to buy their product instead of them just being a cool idea.

Not a single piece of good news other than in their last earnings they lost less than they expected(still negative but beat the negative estimate by .05$). And yet and it has moved from the 5$ area to 10$+ today. Note: I do not own this stock, I was watching it to potentially buy. However now I won't touch it. A company which is still in the maybe phase trading at insanely high values for it's current sales and future(non-insider) view of potential revenue and product.

This type of thing is why I am skeptical at the moment. This is happening all over, just tons of money entering back into the system all over the place and I wondering when the music stops or more accurately, slows down. All of the fun little companies I watch are way above what I would pay now. So I'll just stick to the SPY for a few weeks.

OPTT is running nicely though but that one is a 6-12 month hold for me. They are finally landing contracts and starting to turn a profit so I've got hopes for that company.

Rangoth said:

set a sell order now then and look away.

My forever bag hold is "Go Pro"(GPRO). I bought it when I first started investing, loved the company, bought all of their products, etc. It's now under a dollar and I have about 10k invested that is now worth poop. I keep it in my account now because I don't need the pittance it is worth and it acts as a reminder that even if one likes a company knowing when to jump ship is important. #1 thing that improved my game is not holding on to losses in the hopes things turn around. I'll be dead before the do in 90% of the cases.

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While I’m a fully functioning retard and I openly admit it, my experiences have been I’d have been better served to diamond hands on my losses than to cut my losses.

Diamond hands losses, tampon hands profits. It’s done ok for me and i appreciate all advice thank you.

Rangoth said:

Interestingly a lot of strange little things in my watch list are approaching 52w highs. Which is when I start getting nervous as I'd prefer not to buy things at the top(though the top is rarely the top for long).

While the 200MA did officially cross above the 100MA, it's just barely there and they are touching. The more short term MA's are obviously pointing up in a way that indicates we may re-test the previous all time high's in the next month or so.

I am a bit out of my element in this market for the moment. Short term sentiment is insane with every Trump tweet(in fairness more so than any other president has had impact), the economic data is looking fairly stagnant or slightly positive now(it was negative before), and it's possible all the gloom and doom feelings have mostly subsided. We may see people jumping on the train ride now to further push things along.

I still think overall market valuation is insane at the moment and would like to see the money more evenly distributed(what Blazin said). I know P/E isn't everything but I feel like the chickens have to come home to roost on some of these tickers as inflation slows and reality of companies that make things and do things starts to settle in a again....or maybe those days are over? The entire world is chasing the next speculative play now?

Click to expand...

I've said it so many times in this thread, but PE is worthless. You'd be calling the valuations from 2012 overvalued still, and sitting there wondering why the market is up 700% and why you missed it

Great point, but it's not the sole metric I use. I trade on technicals(BB/MA's/RSI/MACD/ATR) but I pick my stocks either because the company is either around and solid(will continue to be around barring a major world impact) or has the potential to grow. I am always on the hunt for the PCT's of the world where I can try to double my investment.

Without much else to go on I have to use P/E as at least one of the metrics, along with the hypothetical fair market value, earnings, upcoming contracts, etc. But it's almost impossible to be fully in the loop with that stuff as a non-insider any data I get is hours old being generous, more likely days old. Just not sure what else I can go on when trying to review fundamentals outside of each companies specific gimmick such as subscribers/etc.

I mean, I get it. You're trying to make sense of it all.

But when tech companies that didn't produce anything, but went public and their stocks started going to the moon based on some hypothetical earnings a decade in the future, the whole system fell apart. Earnings have absolutely nothing to do with stock price anymore.

That's why I buy the market. The only thing I'm betting on is the US economy to keep chugging along. When that fails, it doesn't matter anymore because all my dollars are worthless and the global economy has collapsed.