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14 July 2020, 12:14 AM | #3541 |
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If it does hit $2k I'm selling.
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14 July 2020, 12:29 AM | #3542 | |
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If you do your diligence, as an investor, you will see that Tesla will never make a penny. It will only loose 10's of billions of dollars. The numbers don't lie. It is total FOMO and betting on a billionaire ... Nothing more Nothing less .. |
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14 July 2020, 12:36 AM | #3543 | |
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Will def be interesting when Ford, Toyota / Lexus , VW, Honda / Acura, and others start diving even at 50% effort into electric cars. Tesla better improve their reliability.
After Tesla loses one of it's sheen, owners will jump into existing names plates. Question is how long those other auto makers will take Quote:
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14 July 2020, 01:31 AM | #3544 |
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forget about a bubble this is the new normal. high valuations. Its easy to take out loans and get funding so companies will never sell.
You have to buy growth stocks SHOP TSLA SQUARE TTD etc etc etc everything else is junk |
14 July 2020, 03:24 AM | #3545 | |
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I just added small positions in CMA and WBA, looking for undervalued equities with dividends and growth. Both of these have been punished (too much IMHO) and for the long term I believe they will be fine. I am avoiding anything that is simply hot momentum as that will be the first money to leave the market if we get a sharp drop.
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14 July 2020, 03:44 AM | #3546 | ||
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However, if you invested in some of these before they totally ran away, I still believe that you stay in it. FSLY is a favorite of mine, as everyone in this thread knows, and my entry has allowed for 85% returns to this day. Nothing has changed fundamentally with the company, as the analyst downgrades have all mentioned - it has just run too far, too fast. BoA "downgraded" yet pushed their target from $35 to $90. Great analysis there. Q2 earnings will reveal if it has indeed been too quick in its run-up, but it could explode up again as well depending on what's said. Regardless, I'm still buying dips and will continue to stay in it, as edge computing is only becoming a greater need as we move forward.
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14 July 2020, 04:05 AM | #3547 |
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I agree with the above - negative earnings is not the primary concern, but there's a big difference between negative earnings stocks that have run on hype and stocks that have a great deal of momentum driven by soaring revenues.
Speaking of booming growth, BTG posted news today - 446M revenue in Q2, with the expectation of 1 million oz of gold mined this year. Pegs them at about 1.8B in revenue, or up 50% from last year. I have a few shares and long calls there that I'm excited for. Also, anyone with any thoughts on TSCO? I've been watching them and contemplating a buy since 95 haha. I like their balance sheet, I like their positioning (kind of like the HD for farming) but just have had a hard time pegging the mid-long term prospects here given the rapid share price rise the past few months. |
14 July 2020, 04:10 AM | #3548 | |
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On a pullback maybe but I prefer to look for value ion beaten down names not chase higher
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14 July 2020, 04:29 AM | #3549 | |
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Somewhat correlated to TSCO. At the very least, more information to digest.
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14 July 2020, 05:31 AM | #3550 | ||
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14 July 2020, 05:32 AM | #3551 | |
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Nothing worse than adding on a dip and seeing it dip even more...
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14 July 2020, 05:37 AM | #3552 |
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14 July 2020, 05:43 AM | #3553 |
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Yep, mine isn't faring terribly well either...
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14 July 2020, 05:49 AM | #3554 |
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Yup portfolio took a hit today. seems quite a bit of selling off at the end of the day.
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14 July 2020, 06:00 AM | #3555 |
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What happened??? I was up nearly 10% today and now I'm down...Ugh!
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14 July 2020, 06:04 AM | #3556 | |
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Just a brutal day, even if the indexes don't reflect it. The swing from how we started this morning to close was a bloodbath. Even TSLA wasn't immune to it today - look at the high / low spread.
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14 July 2020, 06:12 AM | #3557 | |
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Wonder if it's just big institutional selling and stop-loss triggers before earnings season to minimize downside risk. No one gave me the memo in advance haha. |
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14 July 2020, 06:21 AM | #3558 |
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Couldn't agree more, that was pretty ugly price action.
Tech has propped up this market and led it higher. Curious if you guys think this was just a much needed cooling, or the beginning of something worse. |
14 July 2020, 06:49 AM | #3559 | |
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Like I said, I've been buying the dips and as a long-term investor, I don't really see myself pulling out at this point. I don't believe this is anything other than a healthy pullback, but I absolutely could be wrong. Maybe it's wishful thinking? A recap of today's action from CNBC: “No sentient human could look at some of the super-cap tech stocks and say the latest move wasn’t anything other than a momentum-driven melt-up rally,” says one trader.
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14 July 2020, 06:57 AM | #3560 |
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Enjoying a nice day in the market, went for a ride, returned to find a mess. Who knows where we are going. I don’t like the track of the corona virus in the US. That has to affect the market.
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14 July 2020, 07:10 AM | #3561 | |
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I tend to agree, and am also looking at a longer-term perspective. I've been adding to a few names too. I'd like to think regardless of where the market is, if you put your dollars behind the right names, you'll always come out ahead in the long run. Having said that, days like today definitely sting a bit... Gave back quite a bit, more than half of my profit, in several positions. This is breaking, no details yet: https://www.cnbc.com/2020/07/13/drug...cials-say.html |
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14 July 2020, 07:13 AM | #3562 | |||
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I am looking for lower prices to add back and have been either raising cash or buying value. Who was buying TSLA?
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14 July 2020, 07:32 AM | #3563 |
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Selloff was due to CA shutdown.
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14 July 2020, 08:28 AM | #3564 |
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When you say you doubt that earnings will help. Are you referring to tech stocks such as Amazon, Fastly, etc... or everything else?
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14 July 2020, 09:11 PM | #3565 | |
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This is not a balance sheet recession, things are better than 2008 but it is going to take time to work through the business slowdown and all of the worldwide economic shocks. JPM just reported good numbers https://seekingalpha.com/news/359089...ats-on-revenue But the loan loss reserves are up again and that signals that the bank expects further weakness.
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14 July 2020, 10:01 PM | #3566 |
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Pre-market looking good, but let's not forget how yesterday started either.
JPM's results are welcome, though is it enough to buoy the day and ward off the fear from yesterday's close? Wells just reported and is cutting their dividend to 10 cents.
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14 July 2020, 10:12 PM | #3567 | |
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https://seekingalpha.com/article/435...n-dividend-cut Given that they have been trimming customers loans and selling assets I believe that the new CEO is on the right track.
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14 July 2020, 10:55 PM | #3568 |
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So it looks like C, WFC and DAL all missed the already revised really low bar expectations with only JPM beating.
Looks like we are headed for another hammering today... |
14 July 2020, 11:44 PM | #3569 |
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Some crazy volatile price action at the open, $300B market cap JPM swinging 2% positive-negative-positive in seconds
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14 July 2020, 11:47 PM | #3570 | |
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Definitely an interesting time in the market. I've been adding on the dips since Friday.
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