Stock trading

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Have made some good investment over the years.

Amazon at $350
Netflix at $100
SQ at $40
SHOP at $70
TWLO at $27
LULU at $45

Recently I bought GRUB at $35, ETSY at $40, COST at $288, and PGR at $69
 
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Whether the move would be right or wrong, it's tough to see that happening any time soon at a federal level. I think Uber's problem is going to be convincing people it's once again safe to get into a random person's car where 10-15 other people have sat in the past few hours.
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is this based upon anything? what gives you any confidence they will catch up to the market leaders in this space?

so far their only strategy has been to steal from them.

uber has first mover advantage in rides, which they have parlayed into a synergy with food delivery. but as you can see with all the competition in these spaces, they are both low barrier to entry, so ultimately it will be a race to the bottom on price (their first mover advantage will give them some cushion here, but unclear how much).

i am open to being convinced otherwise though, since i genuinely feel that i am missing something on them

Confidence from within the company that they will attract top innovators.

I just can't bring myself to buy into the evil empires of the Amazons or Walmarts. I'm actually hoping for them to get broken up...maybe go bust and disappear. I know it won't happen, but a guy can dream.

Amazon is not the evil company many make it out to be. If you only listen to the media then sure the warehouses are hell on earth. But I know lots and lots of people who work in them full-time and they say people enjoy working there. They were one of the first major corporations to bump their minimum wage to $15 and they will go to $16-17 if $15 becomes the norm. They have a real plan in place to run solely on renewable energy by 2030 and will become carbon neutral by 2040. They’re investing the entire $4 billion of their Q1 profit into helping fight the virus and keep their employees safe. They are far from perfect, as is almost every company but they’re not as evil as the mainstream media wants you to believe.
 
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XLCenterFan

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Confidence from within the company that they will attract top innovators.



Amazon is not the evil company many make it out to be. If you only listen to the media then sure the warehouses are hell on earth. But I know lots and lots of people who work in them full-time and they say people enjoy working there. They were one of the first major corporations to bump their minimum wage to $15 and they will go to $16-17 if $15 becomes the norm. They have a real plan in place to run solely on renewable energy by 2030 and will become carbon neutral by 2040. They’re investing the entire $4 billion of their Q1 profit into helping fight the virus and keep their employees safe. They are far from perfect, as is almost every company but they’re not as evil as the mainstream media wants you to believe.
My views are not shaped by the mainstream media. Thanks though. The Amazon’s of the world have decimated local economies. They are profit-oriented machines. They seek tax breaks AND subsidies. They open fulfillment centers and fill them with part-time workers. They gobble up and stymie competition. We used to break up such monopolies and now they are essentially propped up. Bezos earns something like $1,000 per second. He donates .0008% of his net worth and people clap. It’s like me or you donating $7. He gets zero credit for paying people below living wages of $15/hr. Try living in CT taking home $450/week. And how long until you can’t even leave the house without giving them money? Soon enough they’ll own the sidewalks and the air.

I also have a brother who has worked for Walmart, Walgreens, Subway, and Amazon, and he said Amazon treated their employees the worst out of those four. Walgreens was the best.
 
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My views are not shaped by the mainstream media. Thanks though. The Amazon’s of the world have decimated local economies. They are profit-oriented machines. They seek tax breaks AND subsidies. They open fulfillment centers and fill them with part-time workers. They gobble up and stymie competition. We used to break up such monopolies and now they are essentially propped up. Bezos earns something like $1,000 per second. He donates .0008% of his net worth and people clap. It’s like me or you donating $7. He gets zero credit for paying people below living wages of $15/hr. Try living in CT taking home $450/week. And how long until you can’t even leave the house without giving them money? Soon enough they’ll own the sidewalks and the air.

I also have a brother who has worked for Walmart, Walgreens, Subway, and Amazon, and he said Amazon treated their employees the worst out of those four.

As I said, no company is perfect. They haven’t decimated local economies by accident. Nobody is forced to shop through Amazon. It’s the best thing to ever happen to the American consumer no matter what your feelings are towards them.

Bezos does not earn $1000 per second. Another myth hyped up by the media...Bezos’ total compensation from Amazon last year was $1,681,000 of which $1,600,000 was spent on security. He brings home an $81,000 salary. All of his wealth is in his ownership shares of his company. That is not a liquid asset. If his company went to zero tomorrow so would all of his wealth. Don’t hate someone because of the wealth they generated for themselves. If you founded Amazon you could have his net worth too.
 

XLCenterFan

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As I said, no company is perfect. They haven’t decimated local economies by accident. Nobody is forced to shop through Amazon. It’s the best thing to ever happen to the American consumer no matter what your feelings are towards them.

Bezos does not earn $1000 per second. Another myth hyped up by the media...Bezos’ total compensation from Amazon last year was $1,681,000 of which $1,600,000 was spent on security. He brings home an $81,000 salary. All of his wealth is in his ownership shares of his company. That is not a liquid asset. If his company went to zero tomorrow so would all of his wealth. Don’t hate someone because of the wealth they generated for themselves. If you founded Amazon you could have his net worth too.
People get wealthy within a system or structure that allows and/or promotes their wealth accumulation. No one becomes wealthy in a vacuum. They should then contribute back to that society accordingly and proportionally. I could never become that wealthy. I would do something good with it and put it to use before it accumulated. Wealth is worthless if all it does it sit and grow. It needs to also contribute.
 
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People get wealthy within a system or structure that allows and/or promotes their wealth accumulation. No one becomes wealthy in a vacuum. They should then contribute back to that society accordingly and proportionally. I could never become that wealthy. I would do something good with it and put it to use before it accumulated. Wealth is worthless if all it does it sit and grow. It needs to also contribute.

That’s fair. I also think it’s fair to allow individuals the autonomy to spend their money how they like. It’s totally cool for people to have different opinions on this.
 

XLCenterFan

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Agreed. We could go back and forth on this forever. A nice debate on a Saturday night. Let’s get back to stock picks!!
 
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Have made some good investment over the years.

Amazon at $350
Netflix at $100
SQ at $40
SHOP at $70
TWLO at $27
LULU at $45

Recently I bought GRUB at $35, ETSY at $40, COST at $288, and PGR at $69
Shorted Netflix years ago on it's first big jump up. Shorted it at $297, it all time high at that time was 305, then it crashed down to 65-70, covered and went long. Kept my long position until it hit 700, then sold it. A couple weeks later they announced a 7-1 split, then it went from 95 to where it is now.

I've been a trader for years, made my first big chunk of change on Cisco Systems in the early 90's.

I wouldn't go long on anything now except gold. My advice now is to short the Dow or Russell 2000. Good market shorts now are the TZA, SPXU or FAZ. This market is so overbought it's laughable that people are still buying. If you insist on going long, look at commodities with a good dividend, miners, fertilizer, potash, nitrogen stocks. FCX, CF, Mosaic, etc.
 
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GG

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Got back into stocks when the market hit the March lows and I have been nibbling since. But I am nervous things have gone up too quickly. At this point I am not doing much. Some of these buys are with a COVID19 free future in mind.

BABA
BAC
BOX
CAR
CSCO
DBX
DIS
DKNG
GOOG
JPM
KO
MCD
MGM
MSGE
OTIS
PG
QQQ
SBUX
SWK
SYY
TRP
WFC

almost bought TWLO early last week before it reported and could kick myself for not following through.
 

StllH8L8ner

Put good out in the world and good will come back.
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Tidbit on Amazon. Another dad in my kid's school works there and is I believe in IT. I guess the absolute max salary is $150k BUT, your bonus is awarded in Amazon shares so you end up doing quite well at the end of the day if you're a good performer as a lower salaried employee.

He also says if you're in the same position there for more than 5 years, you may want to get your resume updated because they like to encourage upward mobility and if you're staying put, it means you're getting too comfortable.
 
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Got lucky and bought two pharma stocks in Feb. Moderna and Novavax. Moderna was 19.00 and sold it at 59.00. Novavax was 9.00 and I sold it at 22.00. Took the gain and bought Starbucks at 72.00.

Starbucks is starting to slowly open globally and will soon follow suit in America. Great company and now I’ll just sit tight on it long term.
 
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Now more than ever, I have a hard time of making any sense of market moves. With 85% of daily volume driven by algos, we are at the mercy of computer programs reliant on mathematics. They are programmed to push the markets to its limits. They sell weakness and buy strength, which is why we rarely see intraday swings, unless news hits. What makes things worse, is that as sophisticated as some of these algos are, there is also a commonality to it all. The only variable that's really different is the beta they assign to each name. So most of these strategies have very similar portfolios. If one feels pressure, if one delevers, they all do. This puts immense strain on the overall market. Often times, its nearly impossible for the human eye to even detect. Or its too late. Its also why we overshoot. The last leg down in March was just that. Quant strategies were forced to move to new regime and delevered. The quick snap back was simple mean reversion. My guess is we are now trading at fair value for time being and will most likely stay in a tight range throughout the next quarter. Worst case scenario is somewhat priced in and the Fed has publicly created a floor. Once the economy gets back on its feet, look for another spike upwards. Until then, I think we move sideways.

I learned the hard way in 2008/09 to never fight the Fed and I know personally to never fight a computer algo. The names recommended on here all seem good. My adivce, forget investing in single names. Put your money and the SPX and over the long term maximize your return.
 
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Stocks? Now? No way, too risky. I trade vertical option spreads -- would you rather be the casino, or the gambler? Would you rather be the insurance company, or the insured? Trading vertical spreads still has risks, but they're smaller, defined risks. It's basically a math exercise, and you have a slight numeric advantage.
 
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Shorted Netflix years ago on it's first big jump up. Shorted it at $297, it all time high at that time was 305, then it crashed down to 65-70, covered and went long. Kept my long position until it hit 700, then sold it. A couple weeks later they announced a 7-1 split, then it went from 95 to where it is now.

I've been a trader for years, made my first big chunk of change on Cisco Systems in the early 90's.

I wouldn't go long on anything now except gold. My advice now is to short the Dow or Russell 2000. Good market shorts now are the TZA, SPXU or FAZ. This market is so overbought it's laughable that people are still buying. If you insist on going long, look at commodities with a good dividend, miners, fertilizer, potash, nitrogen stocks. FCX, CF, Mosaic, etc.
You must be thinking of a different company because Netflix never had that price action and never hit 700.
 
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Amazed at the number of short-term ”traders” here.

I don't buy for the short term. With my playing-around money, I got into UAL and LUV, but didn't have the stomach to buy DAL last Wednesday when airlines cratered (should have).

I know it'll take 3-5 years for airlines to recover, but a 100-200% return over that time is pretty good. These companies didn't just lose 70% of their long term value overnight.

Everything else (i.e. the other 98% of my portfolio is in funds, large cap, small cap, international, total stock market, whatever). I don't try to beat the market and don't need to. With the absurd fiscal and monetary policies pursued in this country, the stock market will always be in great shape and better than the economy at large.
 
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I'd definitely agree with the Disney recommendation. It's perhaps 30-40% undervalued right now. It's a steal at just over $100 a share.
 
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