Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Yay Amaz0n. I didn't have the balls for calls by my SHARE (1) is up almost $200. I set a stop loss.

 

Well played

 

They are up 20% based partly on the estimated earnings from 38 analysts. They blew those estimates out of the water. Again, it's not priced in. This happens to every stock that ever blows out earnings and issues strong forward guidance. Will they maintain above $400 forever? No. But in a year they will be above $450. That's the current high end price target and I will bet you a large sum of money all analysts increase that price target in the next month.

 

If the next bill gets passed I'm going into QQQ or similar.

You mean into the fall/winter when colleges and schools all the way to kindergarten are starting to outfit distance learning technologies, families are buying the equipment needed/municipalities are buying it, private sector is starting to buy into new technologies to eliminate in person meetings so more employees are getting webcams, mics, headsets, company-level stuff like MS teams, Zoom, etc, takes off for the next few months as companies are realizing this is not a short term thing?

I have a feeling Q3 will be a strong one for tech, Q4 probably too but I'm thinking Q3 will pop. Especially if the average american is landed another 1200 bucks to buy the newest iphones.

(PS remember what I post all the time: I am an idiot, do the opposite of what I do). I'll be going into QQQ once it settles - I have a feeling it will spike up tomorrow and then come back down and settle a bit, at which point I will be in. Again it's monopoly so we're talking like like 2 shares of QQQ at the most. :|

 

Id be very happy if it goes to 450 or 500. I’m saying beating low estimates might look good at first, but when it settles down, this was just an average quarter. It mirrors their 2nd quarter results, and look where it traded then? This is just tech flying because nobody knows where else to invest. All my own opinions, shaped by some research, and I’ll be very happy to be wrong.

 

And I’ll bet it his 200 a share again before 500, any takers?

 

I don't disagree tech is in a bubble right now. If it's not then we, as traders, need to find a new way to give valuation to stock. Even when this bubble pops I still think AAPL will come out ahead. They are a marketing giant with cash reserves out the ass. I doubt the correction will come even close to the scope and scale of the dot.com bubble. We've learned a lot about tech since then. Will the correction be 15-20%? Possibly. Will AAPL make that back in 12 months following it? Probably.

For the record, I hate AAPL products. I don't own a single one. I am far from a "fanboy". I do think they are the greatest marketing company of the modern era. That's what drives their profit. Not tech. Marketing.

 

Do you mean after the split? Because it would have to. Or do you mean it’ll tank before going up more in general?

 

Shhhh, you’ll ruin the fun

 

Couldn’t tell if you were serious. The internet got me again...

 

No, I don’t see them actually tanking. I just think the drop in March for them was too sharp considering their core business, who cares if Apple stores closed. And I think the rebound has been to aggressive. Not because of them. I really do think investors don’t trust other markets that could face shutdowns from covid again and require people going out, so they’ve piled into tech. It’s more like a safe haven, and when this covid clears up eventually, they’ll crawl out of tech and into the other stuff that will look appealing as we get back to normal. So it might not pop a bubble, but let some air out.

 

I think AAPL is safe for the simple fact of how much cash they have. If you divide that by outstanding shares, it makes it feel safe regardless of the irrational market. That’s not even mentioning their fantastic business.

 

I agree they are safe. If they properly utilize some of that cash in the right way, the sky is the limit. They can afford to take a few swings for the fences and see what revenue streams they can tap into or enhance.

 

And that's why other areas are on sale and making me happy! I have 12 years for those stocks to recover. Which means they will be at ATHs and in 12.5 years ATLs...

 

Look at that NRGU surge after hours. Getting ready for big oil to follow techs lead and blow it out of the water tomorrow.

 

I just had the worst awww...shit...
I was going over my month and realized that I closed out the 21AUG20 50 AMD calls I bought on 6/29 and closed by 7/1 at a 28% profit...I bought them at $407 and closed at like $524...and they are worth...DRUMFUCKINGROLLOFREGRETPLEASE....$2840 each today...EF EM EL....

That would have washed down my NRGU pill I've been swallowing...

 

Sometimes it’s no fun going over your month in retrospect

But hey, 28% is a decent consolation prize

 

I'll play. 3 weeks ago I picked up 800 shares of TUP at $5.78. Sold 2 weeks later at $7.55. They closed today at $15.52 today. I was happy with my trade and took profit that I wanted. It happens. lol

 

Oh man it hurts...sometimes I do the sell half

 

The next time I find myself with a double bagger like that, I think I'll sell the principal and let the "house money" ride.