Board 8 > Stock Topic 8

(+) Yeah! (+)

You know what I don't regret

TCDA

Despite it showing as -$50 right now.

I'm glad Moonroof didn't get on it he probably would've sold it

I'm gonna get that big money though.

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Neon should I just sell for a 75 dollar loss, I already feel duped

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I dont know I am going to hold on to vax stocks for a while.

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I'm sure itll be good tomorrow

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ctrl F on ALL THE FUCKING PAGES and not a single mention of IBIO
Wow
You failed, everyone :(

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And if not you are gonna get the paddle especially since I shared certified good stock PTON with you

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I'm gonna stick to my Microsoft's and Amazon's fuck astrozenica Aaaa

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TSLA back on the rise. It's like the market decided the last week since Monday 1 PM should not have happened.

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TSLA could qualify to get listed which kicks open some doors. Get ready for 2000

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While we're on regrets, I should have bought LK or SOLO this morning when I woke up and they were down big. Would have made 10% in 2 hours. Or ZM and would have made 4%.

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So what Im actually interested in - travel stocks are sucking today even with good vaccine news. Now Im a little concerned that most good news for vaccines is totally built into the current prices at this point.

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The travel stocks will go up once people start actually traveling more.

It's possible good vaccine news is what's causing things to not go down more. I mean Florida's dumping more cases out than NY ever did right now, to say nothing of Texas and California.

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Imagine my feeling when I saw how TQQQ performed today, thinking I had 3000 dollars on TQQQ

Only to find out I actually had just 500 because I chickened out on it on Friday (sorry I don't really remember what I did in Friday..turns out I also bought one share of Amazon...)
Fantastic day, could have been better, but I like "Friday Nanis" more than "Monday Nanis" because what I bought on Friday were logical purchases and not made by greed (putting so much money on a leveraged stock is risky, so 500 dollars on TQQQ is much smarter than 3000, even though it's painful to admit this after today..)

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Love how Amazon went up 8%

I am done with stocks. Not looking at this ish for a month.

Moonroof posted...

Love how Amazon went up 8%

I am done with stocks. Not looking at this ish for a month.

See you tomorrow!

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Tesla is in interesting position
I have no idea if something like that happened before in Wall Street...
I mean, it's a bubble. And there plenty of bubbles. And all of them exploded sooner or later, we all know that.
But Tesla is not a regular bubble. It isn't a cannabis stock. It isn't a meme stock like "haha let's go to the space choo choo" SPCE, it isn't a coronavirus vaccine stock or anything...
It's a real company. With real products. Run by one of the richest people in the world.
It isn't immune because no stock is. But I have a feeling they won't let it crash and burn so easily.

But who knows. A bad delivery report or a financial report that do not meet expectations might crash the stock hard.
I invested in Tesla about a year ago (when they had a reasonable price) and it tanked 17% in one day because of a terrible report. it was painful.
Imagine something like that happening at THIS price...

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Yeah, the stock market is a hard game. There's a reason 10% a year is considered an excellent long run return. Most people don't even achieve that.

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red sox 777 posted...

Yeah, the stock market is a hard game. There's a reason 10% a year is considered an excellent long run return. Most people don't even achieve that.

I am pretty sure that people that invested for 5 years on diverse stocks are still in the red
I mean, if you invested in tech stocks like Microsoft, Apple, Nvidia, AMD etc you are probably swimming in cash
But if you invested in travel, oil, real estate stocks as well...5 years of progress crashed down in just 2 months

Long term is not always the right approach

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Nanis23 posted...

am pretty sure that people that invested for 5 years on diverse stocks are still in the red

Returns would closely follow an index, which would be clear in the green by now.

If you are red after the last 5 years it would be a sign of poor diversification.

I mean if you invested in tech in 2000 you might still be in the red, depending on how much you had in Amazon, Apple, and Microsoft. If you didn't have a lot in those and had a lot in Pets.com, Webvan, etc. you'd still be in the red.

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That said, if you allocated even 3% of your portfolio to Amazon in 2000, and you didn't throw in the towel when Amazon was down 90% within 2 years, you'd be in the green now even if every single other company you bought went bankrupt.

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red sox 777 posted...

That said, if you allocated even 3% of your portfolio to Amazon in 2000, and you didn't throw in the towel when Amazon was down 90% within 2 years, you'd be in the green now even if every single other company you bought went bankrupt.

Jesus christ

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If you invested in tech in 2000 and didn't invest in Apple or Microsoft you're a fool. Not gonna call Amazon a total gimme back then but one of those two surely was.

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Lopen posted...

If you invested in tech in 2000 and didn't invest in Apple or Microsoft you're a fool. Not gonna call Amazon a total gimme back then but one of those two surely was.

Apple was doing pretty badly then. This was before the ipod, and after Microsoft basically pushed Apple out of the personal computer market.

As for Microsoft, it had the highest market cap of any company in 2000, and there's a very simple reason for not investing in the company with the highest market cap - greed. You feel that it's already gone up so much and is so big, you can get better returns somewhere else. And, it took 16 years before Microsoft recovered its 2000 high. That's a long time to be waiting in the red.

I guess what I'm saying is that I could totally see this topic investing in none of these (and it wouldn't be particularly dumb).

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Microsoft wasn't really that far in the red at any point though.

I'm just saying like, you have the major profitable operating systems between the two of those. I feel like in 2000 investing in at least one is a gimme if you're going with tech. Microsoft for the "safe" choice and Apple for the long ball. I guess you could gamble on Linux winning but that seems crazy to me.

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https://www.bloomberg.com/news/articles/2020-07-20/u-s-airlines-face-the-end-of-business-travel-as-they-knew-it

I know that many articles are often dramatic but this one is surprisingly logical. I am seriously considering selling AAL for a $10k loss. I'm sure it's possible if not likely that AAL will go up another 25% at some point, but who knows when. It's also possible (and maybe more likely) that it goes lower and either bankrupts or stays at $8 - $12 forever.

As much as itd suck to lose $10k, Id still be net positive from trading and also this would slightly offset my taxable income. Am I being crazy?

Yes you're being crazy.

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Moonroof posted...

https://www.bloomberg.com/news/articles/2020-07-20/u-s-airlines-face-the-end-of-business-travel-as-they-knew-it

I know that many articles are often dramatic but this one is surprisingly logical. I am seriously considering selling AAL for a $10k loss. I'm sure it's possible if not likely that AAL will go up another 25% at some point, but who knows when. It's also possible (and maybe more likely) that it goes lower and either bankrupts or stays at $8 - $12 forever.

As much as itd suck to lose $10k, Id still be net positive from trading and also this would slightly offset my taxable income. Am I being crazy?

You could sell it and buy DAL or LUV. Realize some taxable losses now and aim to sell DAL or LUV after 12 months so the gain is a long-term gain and taxed lower.

I mean it's not 100% guaranteed that DAL is not going bankrupt but before the coronavirus hit, DAL had a surplus of like 14 billion of assets over debts. AAL was already at negative 2 billion or so. DAL has been building up cash reserves and is now at something like 15 billion in cash on hand. I feel pretty safe about it.

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Better yet take your 10k loss, invest it in TCDA or ATHX, double your money.

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I...like the sound of that.

Invest in both to lower your risks.

Also put limit sells at $5 for ATHX and $25 for TCDA and lock your account for 6 months

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Moonroof posted...

Of course amazon is going up nearly 5%

wait....you didn't sell did you?

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Of course I did. I had to make sure everyone else who had Amazon didnt go bankrupt with me. I have friends who work for Amazon, after all.

You still have net gains so you aren't doing that bad.

As a platinum AAL business traveler I cant fucking wait to get past zoom meetings and shit like that.

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Bezos is projected to be the world's first trillionaire in a decade or so, no? I assumed you got out of Amazon to get in something else that had a limited time opportunity, which I approve of because I've made these plays before! But if you thought you were going to net lose money from Amazon in the future...

Yeah that's not a thing. I still think it's a bubble that will pull back again, and same with Tesla, but if you put all your money in both stocks right now even in these bubbles, you'd be totally fine in the end. Maybe one of these days I can get in Tesla around a thousand and more Amazon shares at, I dunno, 2500ish?

Also if y'all are watching AVCT, this thing is finally ripping. Loading up under 3.5 and tripling down on this bad boy. Sorry redsox - I do agree with your assessment on overinvestments, but not with this stock! I'll let y'all know my profits when we hit 7 by the end of the week baby.

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Nice green day today.

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go my nkla

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Cant wait to get out of WYNN and PNC. Then I can soften the blow from getting out of AAL.

SPCE is such a champ. Another +10% day.

Today AMTD and IBKR are reporting earnings after the close. I bought some IBKR as well.

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TCDA bleeding. I think it'll keep bleeding until the robinhood investors thin out or it gives news. Not particularly worried.

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AVCT and GAN, my two biggest positions, are both killing it today. 30k account value again, here we come.

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Man

NOVN is up to $1.12

That was my baby back when it was in the $0.50 range. Made a lot of $0.50 -> $0.55 flips

Like I feel confident in my positions right now but it does kinda hurt to not be on board as it rises to heaven.

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god bless American Virtual CLOUD Technology

the cloud giveth, the cloud taketh away, and the cloud giveth again

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Congrats. Your faith was rewarded.

Long live the CLOUD and long live SPACE!

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I sold everything. Took a grand total $11k hit. Im up $5k overall now. Needed the clear mindset as Im preparing a cross-country move and new job.

Where to?

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Just watch airlines soar now.

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Haha. If they do, so be it. Ive got a lot to learn with stocks and I felt myself gambling more than investing. I need a clean slate.