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Added to CAAS, LAZR,CRM,PLTR,BNTX
Reopened FSR
Opened
LAZR 22.29,
BNTX 120.54,
PLTR 23.60
CRM 226.48
Regarding ETSY, trimmed a bit at 153 from a cost of 137. Enough profit in there to justify cash. Looking for 160 - 165 price target to close this.
The special $10 Dividend from COST as I had previously mentioned here was ex div Dec 1 2020. That Dividend paid on Dec 11 2020 will result in a $10 per share boost.
We'll see when paid how much COST goes down. I would expect to take those proceeds and add to COST.
Yes I do, in the case of PLTR there was a downgrade at Morgan Stanley and a short seller called this " a full casino". I'll wait till the dust settles...
Having doubled my money with PLTR in a matter of months, I'm not happy with the sale, I left $7.00 per share on the table from a high of $30. $23 is enough profit ( with that $7 shortfall) from my cost of around $10 and commensurate sale at $23.
FSR was an IPO that hit $23 and has been backing down ever since. EV stocks have been high and I've ridden HYLN, SOLO, NKLA and others to remarkable returns. Facing the possibility that these have had their day, I won't hold a position that may go under water. I won't go into a negative position from a positive position and am willing to take a smaller return when the markets are nearest their highs and these 2 stocks I've mentioned go down in price. That to me is a big factor. We're looking at unprecedented market highs and when cracks begin to appear I don't look the other way. I'm balancing out a CAAS purchase with the sale of FSR. I'm willing to stay with a tiny position in CAAS as this may have potential, given its components are widely used in Chinese EVs. CAAS' performance has been abysmal and I will consider what to do with this. Not concerned about the small loss selling it would result in, as tax loss selling at year end is essential to offset the stupendous gains I've had in this account in particular.
The question is, do I have to know the reason "why" a stock goes down? The answer is- it helps, but empirically when the stock goes down, I take diminishing profits. Knowing why it's going down is secondary to taking money off the table and not being in a negative position with the stock. I have enough laggards in my accounts that I'm losing patience with. I don't need to further weaken my financial position by holding more garbage.
As far as DKNG is concerned, I put a buffer between profit and loss and will close my position at $65 if the opportunity arises. As far as I'm concerned, DKNG will do remarkable things as sports betting takes off. I'll wait. Reducing from a cost of 49 and change provides more freedom to buy between 45 and 49. I prefer not cost averaging if possible, by adding near my lowest cost. This of course is tricky, but I'd rather wait for that opportunity than chase it upward increasing my cost as the stock costs more. That to me is counter intuitive. I know many add as the stock is rising, but I'd prefer to maintain a position and ride with what I have.
Incidentally my sell target has been reduced to 281 for HD, just to get out of it since trimming recently at 292. It's lack of resilience with good quarterly earnings have it on my get rid of list.
Cost ( Costco) will be trimmed at $400 and I'll add much lower if the case arises. This is a long term hold.
Unfortunately the price action on PLTR which I wanted to keep as a long termer resulted in dropping it. I'm not happy about this result.
Incidentally my most recent repurchase of AMZN at 3139 will go around 3339. I'll gladly take the $200 per share till it backs down again next time. I expect good things to occur with ETSY and AMZN and others this holiday season.
Added to JPM-H at 25.84 in 2nd IRA account.
Thanks Court. I'm not feelin' it today.
Reduced DKNG at cost of 49.39. Improving my cost basis to 45.40
So far this year with countless trades on this stock in my IRA account, I've managed a 10.69% overall return thus far on this equity.
Closed FSR at 16.65 from a cost of 12. Enough watching this deteriorate to no profit from a recent high of 23.
Not a good day.
Out of PLTR at 23 from a cost of 9.05 to 10.52. Let the short sellers have it. I'm done with this.
Total profit on LVGO merger with TDOC was 1.68%. Still holding TDOC.
You really think so SF ? Your estimation of the American psyche and intellect far exceeds mine.
Reduced by 1/2 PLTR at 23 from a cost of 9.05 to 10.52.
No atta boys on this one.
watching it go from 25 and change to 23 and not being able to pre market trade till 7am really burns me.
I like more safe.
The market's up, but other than anemic account appreciation today there hasnt been anything outstanding. Price channels still controlling upside.
Not impressed at all. Awaiting The Spanish Inquisition.
I'd say these markets have just about run out of steam.
Select wisely, and consider your profits.
I'm considering mine.
Growth is always good, so are muni's especially when living in NYC.
Yields though are okay if you can get them, but the only part of my portfolios that really aid my sleep at night are preferreds.
Sweet dreams SF.
You had done extensive research with graphical representations. You're quite aware that getting transmissabilty down below 1 is imperative.
Once we have the added fortification of vaccinations we'll be on our way to reducing transmissability.
Add to that social distancing and masking, which we are all SO tired of, at least some of us are that follow common sense with enlightened understanding and view of epidemiology.
Court I dont care what they do. They can all die from covid and I couldn't be less concerned. The same loonys that followed their leader down a rabbit hole are the same ones waiting for their ticket to be punched. Fine with me- means fewer hospital beds and a more vibrant economy.
If I want dividends I've learned from Nick that preferreds are mostly stable with hardy dividends. JPM-H and QTREP for example.
Why assume the liability of potential asset loss when preferreds offer more stability ?
That is a question, not just an academic statement. Responses are welcome.
Just for the record. I will not invest any $$ into reits.
Opened CAAS this am at 11.
If I were going to add airlines it'd look something like this:
LUV
ALK
JBLU
DAL
HA- HA is the only airline going to a U.S. tourist destination that's actually open.
They've run in the other direction.
Reopened AMZN at 3139 from today's sale of 3151.
I still have 2 Moto Gs, 2 LG Pheonix 2s, 2 Pheonix 3s and 2 Samsung Galaxy J260As, all unlocked.
Really good mp3 players and back up phones just in case I go swimming with one in my pocket.
So far my investment SLV has gone no where.
I never buy a used phone. I buy new at&t go phones for very little money use them for the required 6 months and have them unlocked.
There are various sim cards adapted for mobile phone sim card slot size.
Thank God. It's about time. Have you ever tried to get a phone unlocked from AT&T ? They have made it impossible.
Blu sells all phones unlocked. Not familiar with their quality. They also sell all of their phones with replaceable batteries. These 2 are big on my list since I replace my $75 and under phones every 2 years or so. Not because they fail, but because newer phones have more advanced features.
I guess. I'll just follow your buys and sells and gauge those to my strategy.
I think return on investor equity and return on corporate equity is key to evaluating investments.
Doesn't preclude other factors as we know. Too many to mention here.
Closed AMZN on a stop at 3151. Cost plus a few bucks profit. Looking for re entry point
I've made note of your investment strategy. sounds like a lot of work, decision making and discipline, especially if a stock is skyrocketing, or for that matter, plummeting.
Works really well if everything remains static, which as we know does not happen in the stock market too often.
HAPPY THNAKSGIVING EVERYONE !
And unsecured no less.
Elections generally don't affect markets. Administrations do.
I think sometimes I really don't want to be in this stock. Then buy more to reduce the per share cost. Most times that works. Sometimes it doesn't. That's what time was created for, `so that we could wait for a stock to appreciate in price.
It's all part of their "plan". Not a very good one, and not very well executed, but give them time. They might not even screw up badly.
Seemingly the only reason T is up is with the market. As you said recently, floating all boats. Not all, but close enough.
I have my fill of T and will relieve myself of a significant part of it around 34.
If ever.
Could be your wife's Safe Portfolio. Vying for number one position with Nick.
Cost basis higher yet again.
Added to AAPL at 13.70
You're out of KNOP ?
Homes,
Interesting take on the space with the LIT ETF.
My question though academic at this point is where to invest. Sure speculative rollers are a good move as long as they roll up and not down.
As Court has brought to light, Players like GM and Volkswagen, F even ALB and others with huge manufacturing and distribution capabilities may pull way ahead of the curve.
I don't know. Anyone want to comment ?
Where would you put your money today ?