The stock market

[Mike Sixel]

Long term I love travel related stocks. At some point, we'll all travel again, regardless of a vaccine or not. Those stocks, the survivors, will go up for sure.

[Brock Beauchamp]

 

Long term I love travel related stocks. At some point, we'll all travel again, regardless of a vaccine or not. Those stocks, the survivors, will go up for sure.

Yeah, I was just eyeing up Delta and Boeing as potential candidates for me to jump back into the market.

 

Another stock to keep an eye on is Intel. They're going to get ****ing clobbered for the next 12-24 months by Apple and AMD but Intel has unrivaled manufacturing might and engineering prowess. Expect their stock to take a drubbing and then come back strong.

[Mike Sixel]

 

Yeah, I was just eyeing up Delta and Boeing as potential candidates for me to jump back into the market.

 

Another stock to keep an eye on is Intel. They're going to get ****ing clobbered for the next 12-24 months by Apple and AMD but Intel has unrivaled manufacturing might and engineering prowess. Expect their stock to take a drubbing and then come back strong.

 

Largest employer in OR.....they better do well!

[Dodecahedron]

Watch Novocure, they are close to releasing their cornerstone product.

[Mike Sixel]

 

Watch Novocure, they are close to releasing their cornerstone product.

 

Talked me into some....thanks.

[gunnarthor]

https://www.investors.com/news/amd-stock-twilio-stock-novocure-stock-flashing-buy-signals/?src=A00220

 

Likes NVCR and OKTA, one of Mike's picks. I passed on AMD a while back and still regret it. 

[gunnarthor]

My wife loves Disney and when it was falling during the pandemic I said, hey, it's at 90, you should buy more for your IRA. She said sure. 

 

I found out today that she didn't. 

[Mike Sixel]

 

My wife loves Disney and when it was falling during the pandemic I said, hey, it's at 90, you should buy more for your IRA. She said sure. 

 

I found out today that she didn't. 

that's how I feel about not buying and holding Tesla......meh. I've doubled my money that I play with, so I can't complain too much.....but 6x would be better.

[Mike Sixel]

I hope you all bought fiverr..... wow.

[gunnarthor]

 

I hope you all bought fiverr..... wow.

I did. Should have bought more. ROKU was also a really nice buy, too. I bought that at 47, IIRC. 

 

 

[Danchat]

I've been getting into investing lately, and making good money since I started last March... and recently I invested in Gamestop (GME), as I bought it at $11 and sold it at $21. I didn't want to hold on to it long term... and now it just shot up to $112.  It's suddenly become the hottest stock out there. Whoops!

[Mike Sixel]

Sigh.

[gunnarthor]

 

I've been getting into investing lately, and making good money since I started last March... and recently I invested in Gamestop (GME), as I bought it at $11 and sold it at $21. I didn't want to hold on to it long term... and now it just shot up to $112.  It's suddenly become the hottest stock out there. Whoops!

I feel ya. We've all been there, done that. Don't let it discourage you. You doubled your money and identified a sound investment. That's great!

[Danchat]

 

I feel ya. We've all been there, done that. Don't let it discourage you. You doubled your money and identified a sound investment. That's great!

Yeah, I am happy with my gains, and I'm trying not to get too emotional as a newbie investor. It's just crazy how I see headlines saying "Gamestop isn't expected to make a fiscal profit until 2023", and yet everyone's going nuts for it. 

[Vanimal46]

GameStop opens today at $352. What the actual F is going on?

AMC had an interesting day yesterday too... Hoovering around $5 a share then jumping up to $20 for some apparent reason. 

[Mike Sixel]

I need to sell gamestop short or something

[ashbury]

I need to sell gamestop short or something

I suspect more than a few people's homes have been lost already, from taking this view.

 

[Danchat]

 

GameStop opens today at $352. What the actual F is going on?

AMC had an interesting day yesterday too... Hoovering around $5 a share then jumping up to $20 for some apparent reason. 

Yup, I bought a bundle of AMC shares on Monday and it shot up 300% today, so I at least made up for not getting the big money from Gamestop. 

 

Here were my sources:

 

https://www.marketwatch.com/story/amc-shares-soar-36-premarket-on-news-of-new-917-million-debt-and-equity-financing-2021-01-25

 

https://www.fool.com/investing/2021/01/25/dont-bury-amc-entertainment-stock-just-yet-its-not/

 

A lot of the Gamestop and I think AMC rises have come from the WallStreetBets subreddit. Just search Gamestop / WSB on Youtube and you'll find plenty of results.

[Vanimal46]

Join my Robinhood group with my link and we both get a free stock!!1!1

[Mike Sixel]

Join my Robinhood group with my link and we both get a free stock!!1!1

[TheLeviathan]

This is an amazing effort by people to stick it to wall street.  I'm in on it.  I expect more nonsense like we saw today, but even if we all lose our investments....the spotlight on this BS became crystal clear.

 

We're uniting the country one demolished hedge fund at a time!

[KirbyDome89]

Honest investment question here; is it worth it to get in on AMC (GME ship has sailed?) from an earnings standpoint? The diamonds hands movement on r/wallstreetbets is incredibly entertaining. The **** RH pulled yesterday and the gaslighting from supposedly credible media sources is disgusting. I'm pulling for the so called "unwashed masses," here, but chipping away at student loans during this 0% interest period would take precedence if my investments likely would be lost. 

[Mike Sixel]

 

Honest investment question here; is it worth it to get in on AMC (GME ship has sailed?) from an earnings standpoint? The diamonds hands movement on r/wallstreetbets is incredibly entertaining. The **** RH pulled yesterday and the gaslighting from supposedly credible media sources is disgusting. I'm pulling for the so called "unwashed masses," here, but chipping away at student loans during this 0% interest period would take precedence if my investments likely would be lost. 

 

My thoughts: AMC might survive, but I'd not buy it now.

 

I'd pay off private student loans, and wait on public ones, just in case they get elminated (I'd guess 10 - 20K might). That's what I've told my two sons with loans. Both are, of course, still making payments as they have more than 10K.......to drive down the principle. Very low risk investment, with the added psychological benefit of seeing debt go away (also, good for your credit rating).....

 

I think motley fool stock advisor is a good investment for one year, if you want to get started with new stocks.....

[Danchat]

 

Honest investment question here; is it worth it to get in on AMC (GME ship has sailed?) from an earnings standpoint? The diamonds hands movement on r/wallstreetbets is incredibly entertaining. The **** RH pulled yesterday and the gaslighting from supposedly credible media sources is disgusting. I'm pulling for the so called "unwashed masses," here, but chipping away at student loans during this 0% interest period would take precedence if my investments likely would be lost. 

I got out of AMC after I got about a 95% return. I'm not interested in having "diamond hands" and waiting until it crashes back down to where it should be. I'm also making sure to only spend a small portion of my investing money in these risky ones, so for me I'm not risking all that much (but I'm also not profiting that much).

[TheLeviathan]

 

I got out of AMC after I got about a 95% return. I'm not interested in having "diamond hands" and waiting until it crashes back down to where it should be. I'm also making sure to only spend a small portion of my investing money in these risky ones, so for me I'm not risking all that much (but I'm also not profiting that much).

 

Yeah I'm not in this heavy at all.  I find the stock market slimy and gross.

 

But a few hundred bucks to help this movement stick it to these guys?  Hell yeah.  I'm in.  I bought AMC and I'll ride it out for a week or two.  Worst case I'm out a few hundred bucks for a few weeks of fun.  

 

Make no mistake, even if all these guys lose their shirts in the end, they've made a difference.  This is the first true blow to cronyism in our government in as long as I can remember.

[KirbyDome89]

 

My thoughts: AMC might survive, but I'd not buy it now.

 

I'd pay off private student loans, and wait on public ones, just in case they get elminated (I'd guess 10 - 20K might). That's what I've told my two sons with loans. Both are, of course, still making payments as they have more than 10K.......to drive down the principle. Very low risk investment, with the added psychological benefit of seeing debt go away (also, good for your credit rating).....

 

I think motley fool stock advisor is a good investment for one year, if you want to get started with new stocks.....

 

 

I got out of AMC after I got about a 95% return. I'm not interested in having "diamond hands" and waiting until it crashes back down to where it should be. I'm also making sure to only spend a small portion of my investing money in these risky ones, so for me I'm not risking all that much (but I'm also not profiting that much).

 

Appreciate the advice.

 

I'm officially under 5K owed for federal loans (I finished private ones a few years back) as of my last payment, which was the only reason I was considering dabbling in either stock. Similar to TheLeviathan, I'd probably only pump in a few hundred dollars but it sounds like that $$ could either be put towards better investments or running down my loan payments while I'm interest free. Maybe using the money to subscribe to the stock advisor would be a decent compromise as well. 

 

Definitely not a diamond hands guy either, at least not at the level some redditors proclaim to be. Who knows, maybe the most vocal ones aren't the guys with lots on the line, or maybe they really just don't care and the potential loss is worth the statement they're sending. Either way, my goal would be to take a little risk and make a little $$. 

[Dodecahedron]

Robinhood is a "free" app, but you are giving them data.

 

This data is used by their parent company, which also owns the hedge fund that lost a bunch of cash for shorting Gamestop.

 

The narrative in the news is Robinhood suspended the ability to buy Gamestop because they ran out of cash. Of course that's false. Their parent company was losing billions.

 

Wall Street truly got beaten at their own game.

[Dodecahedron]

 

Join my Robinhood group with my link and we both get a free stock!!1!1

 

Very funny ... but worth pointing out that Tesla makes a profit due to selling offsets, not from selling cars.

 

https://www.dailymail.co.uk/news/article-9208443/Teslas-2020-car-sales-resulted-LOSS-car-maker-did-not-sell-zero-emission-credits.html

 

When another company mass produces electric cars at the same pace, not only do the offsets go away but Tesla will also lose market share. That's a 1-2 punch if I ever saw one.

[Brock Beauchamp]

 

Very funny ... but worth pointing out that Tesla makes a profit due to selling offsets, not from selling cars.

 

https://www.dailymail.co.uk/news/article-9208443/Teslas-2020-car-sales-resulted-LOSS-car-maker-did-not-sell-zero-emission-credits.html

 

When another company mass produces electric cars at the same pace, not only do the offsets go away but Tesla will also lose market share. That's a 1-2 punch if I ever saw one.

Tesla is definitely overvalued but they still pour a MASSIVE portion of their revenue into R&D. While they need the offsets right now, it's a big assumption they will continue to need them in future years as they roll out more mass-market BEVs like the Model Y (just gaining production momentum now) and Cybertruck.

 

As they increase production across more models, their R&D costs should decrease proportionally, by a lot. And there's no sign of Tesla slowing down, they're extremely well positioned in the market and everyone else will be playing catchup for a minimum of several years.

 

The only company I thought could challenge Tesla in the short- to mid-term was GM but after releasing the promising Bolt 5+ years ago, they sat on their hands for years. I don't get WTF they were thinking but that's an entirely different conversation.

[gunnarthor]

Any of you guys have thoughts on Snowflake or Square?