OT: Stock trading | Page 186 | The Boneyard

OT: Stock trading

I've gone and done it, bought a whole lot of ZS at 138s. I'm putting it away and not looking back.

That being said--I feel bad for anyone that bought LUNA cryptocurrency. $119 a month ago, hit 85 cents today. Yikes.

Kicking myself for moving quickly out of my short of TDOC a few months ago at $150. Now at $30.
 
tiger8mush said:
ZS = software company Zscaler? May I ask why you think it has long term upside?
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From all my research it's the best of the cloud cyber security firms w/ the most adaptable software and the best partners (other software service providers with more niche products). They are growing rapidly. $1 billion + in sales. Huge cash reserves. Relatively little debt.

The problem is that this is a very aggressive company that is rapidly building out and they are showing absolutely no aversion to spending to get to where they want to go. If they ever fall short of revenue projections, this is a very risky stock because they are not profitable. It's a classic growth stock in a category with a future, and they are the leader in that category.

4 or 5 months ago people were looking at 500 for this stock. Everything has now changed obviously in the stock market.

Whenever we go back to a bull market, this stock is a triple from here if it continues to execute.
 
RayIsTheGOAT said:
Awfully quiet here... :(

Can someone... anyone... give me a beam of hope for LINK. Is it buying season?
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just bought a small feeler position ($200) at the 6.70 area. i like LINK ALOTTT. lots of potential upside if all their hype and boasts of integration are legit and come to fruition. CEO Nazarov seen at World Economic Forum talks etc lends some potential inside Credit too.
 
HuskyHawk said:
Depending on your time horizon, it may be buying season for everything.

Somebody else needs to explain all of this, because I can't. My own hypothetical is that things are tanking because the odds of it just blowing up into a great depression level spiral are as high as they've been. Government is politically incapable doing what it needs to do to solve it, which would include incentivizing as much oil and gas production as possible just to stabilize things.
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My albatross is UPST. The only pay site I've bought into is fool.com ($99). For over a year they've hyped upstart. Buy, buy, buy ... for over a year, including after the 50% hit a few days ago.

Now, a few days later, it's ... maybe you shouldn't buy. Hold at best.

They're spam has advertised 6x S&P returns. My guess is this was mostly based on Netflix alone. They're now down to 2x S&P. I wonder at what point they'll stop referring returns vs S&P?

I've decided to hold all stocks, and buy VOO, QQQ, and a couple other index funds until the smoke clears.
 
temery said:
My albatross is UPST. The only pay site I've bought into is fool.com ($99). For over a year they've hyped upstart. Buy, buy, buy ... for over a year, including after the 50% hit a few days ago.

Now, a few days later, it's ... maybe you shouldn't buy. Hold at best.

They're spam has advertised 6x S&P returns. My guess is this was mostly based on Netflix alone. They're now down to 2x S&P. I wonder at what point they'll stop referring returns vs S&P?

I've decided to hold all stocks, and buy VOO, QQQ, and a couple other index funds until the smoke clears.
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Now is definitely the time to go all-in on the index funds IMO. Too volatile for my tastes, and my time horizon is decades so I'm not too concerned.
 
temery said:
My albatross is UPST. The only pay site I've bought into is fool.com ($99). For over a year they've hyped upstart. Buy, buy, buy ... for over a year, including after the 50% hit a few days ago.

Now, a few days later, it's ... maybe you shouldn't buy. Hold at best.

They're spam has advertised 6x S&P returns. My guess is this was mostly based on Netflix alone. They're now down to 2x S&P. I wonder at what point they'll stop referring returns vs S&P?

I've decided to hold all stocks, and buy VOO, QQQ, and a couple other index funds until the smoke clears.
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That's what I am doing. Just riding it out. I already cut anything I didn't have confidence in, long term. This week I bought three stocks. COIN (beaten down way too much, up 14% today), MSFT (an absolute rock solid company with a great future. Azure is gaining on AWS), INTEL (Gelsinger is fixing what was wrong and they are expanding capacity dramatically). In the case of Intel, can anybody consider a future where demand for semiconductors declines in the next 30 years or so? I can't.

ESPO might also be a bargain, but their Tencent holding is a concern. GOOG is cheap right now, bought some late last week.
 
UCPharma11 said:
just bought a small feeler position ($200) at the 6.70 area. i like LINK ALOTTT. lots of potential upside if all their hype and boasts of integration are legit and come to fruition. CEO Nazarov seen at World Economic Forum talks etc lends some potential inside Credit too.
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You’re not wrong.
 
I'm doing what I've been doing for 20 years and I know I'll be fine. Yes it's boring, but boring works and doesn't keep me up at night.

1. Stay away from crypto

2. Stay away from individual stocks

3. Invest in historically good mutual funds that have averaged over 10% for the life of the fund

4. Dollar cost averaging

I've averaged a 13% annual return since 2002. Not sexy but gonna help me retire early.
 
OUTATIME said:
I'm doing what I've been doing for 20 years and I know I'll be fine. Yes it's boring, but boring works and doesn't keep me up at night.

1. Stay away from crypto

2. Stay away from individual stocks

3. Invest in historically good mutual funds that have averaged over 10% for the life of the fund

4. Dollar cost averaging

I've averaged a 13% annual return since 2002. Not sexy but gonna help me retire early.
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You sound like a guy with a Boglehead philosophy of investing. Just make sure you're choosing options with lower expense ratios and you'll be fine for retirement.
 
OUTATIME said:
I'm doing what I've been doing for 20 years and I know I'll be fine. Yes it's boring, but boring works and doesn't keep me up at night.

1. Stay away from crypto

2. Stay away from individual stocks

3. Invest in historically good mutual funds that have averaged over 10% for the life of the fund

4. Dollar cost averaging

I've averaged a 13% annual return since 2002. Not sexy but gonna help me retire early.
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Lots of wisdom in that post and average annual return is outstanding!

Big difference between long-term investment strategy and “trading”.

I’m heavily invested (relative to my wealth) in BRK which I view as a closed end hedge fund with very low expense ratio. Long-term play for me.
 
Chainlink.png


They keep coming
 
Amid all the calls for a much bigger drop for the S&P to 30% down, people don't seem to take into account the huge amounts of money that exist around the world in savings among very wealthy folks. No matter if we're talking about a recession or inflationary environment, that money has been searching for a place to land, and there is no better place than stocks.

We saw people buying NFTs for heaven's sake!!!
 
upstater said:
Amid all the calls for a much bigger drop for the S&P to 30% down, people don't seem to take into account the huge amounts of money that exist around the world in savings among very wealthy folks. No matter if we're talking about a recession or inflationary environment, that money has been searching for a place to land, and there is no better place than stocks.

We saw people buying NFTs for heaven's sake!!!
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Like I said the other day. I think there's a risk of panic. Of absolute catastrophe. There are a few things that could mitigate the issues, and policymakers insist on doing the opposite or ignoring reality. So at the moment, we are seeing money flee a market that is already down plenty, perhaps in fear of the doomsday scenario. As soon as there are indications of stability, that the worst isn't coming (depression era event) it will flood back in.
 
upstater said:
Amid all the calls for a much bigger drop for the S&P to 30% down, people don't seem to take into account the huge amounts of money that exist around the world in savings among very wealthy folks. No matter if we're talking about a recession or inflationary environment, that money has been searching for a place to land, and there is no better place than stocks.

We saw people buying NFTs for heaven's sake!!!
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Those people will continue to keep their money on the sidelines until they feel that it's time to go in.
 
Excalibur said:
Those people will continue to keep their money on the sidelines until they feel that it's time to go in.
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Right.

I'm just saying it will come in BEFORE the market is fairly priced to account for the down quarter coming.
 
Market was over priced with stimulus and easy money. Crypto millionaires and meme stock people.

The price of assets - like nfts — was stupid. The Fed was too late at raising interest rates and now is gonna have to catch up.

Get the fed funds rate to 5% and let’s kill inflation. Stock market will tank, but that does help inflation.
 
Who knows the timing on when the money comes back in? No one really.

I think it's logical that if someone has liquidity to park for the long-term that now might be the time to deploy it. But, this idea that the trough can be timed is fools gold.

The "trading" mentality that took hold with crypto and Robinhood, etc. is really coming home to roost now. It's unfortunate, because a lot of inexperienced folks go into this during the last couple of years having never really seen a correction like this.
 
Stay away from Robinhood imo

If anyone is interested in options trading, I recommend signing up for unusual whales. Pretty much allows you to follow where all the money is going and make decisions based on that. Really well done.
 
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