r/Stocks Daily Discussion Monday - Jun 07, 2021
By - AutoModerator
Noob question, what does the Yellow and Blue colors mean on the level 2 quote book for Fidelity? There's green and red too, but those are pretty self-explanatory.
I'm buying GPS based on the yeezy collection. Not to mention the other moves Gap has made recently.
ASO looking super juicy after that all star performance!
Finally broke even on Palantir!
>Tesla's China-made vehicle sales surge 29% in May -[auto association $TSLA](https://newsfilter.io/articles/update-1-teslas-china-made-vehicle-sales-surge-29-in-may---auto-association-4446ce0dad7b34eb919bb0f2410b466c)
For anyone wondering why TSLA is suddenly flying. Earlier rumours of China numbers appear to have been false.
If I'm in the U.S. and use Robinhood, how come it won't let me buy stock before the New York Stock Exchange opening?
On Robinhood you can only trade pre-market from 9 AM ET.
Thoughts on CRSR? Seems to have similar fundamentals to LOGI but a lower market cap (and more of a direct Esports appeal compared to general tech peripheral). I think their products are highly regarded so I'm a fan of the ticker and intend to buy some. IT IPO'd recently, so I think we can disregard the past price action as it just coming to a settle (which is has), but how do people feel about it in the long term? 5+ years? I can only imagine it performs very well because it's a staple company with a lot of respect in a growing market, but I'd like to hear some other opinions
Corsair has a short interest of 17%. The company is great and the stock is most likely undervalued but it's not popular enough yet to breakout.
If you don't mind the short term volatility (due to shorts) then this is a good buy. Just look at their growth and P/E ratio.
I've got a position in Corsair at around 36.5 average. I think they're a really good long term hold, especially with an sub 32 entry.
Fundamentally, they've got good profit margins in an industry that is growing. They need to figure out how to maintain or expand market share because I believe that their margins could shrink a bit over time. I don't think they have a great MOAT but they've got a pretty good brand. There is some FUD surrounding continued growth of high-end gaming gear but the company is pretty bullish on the sector. I think they're going to have to 'prove' that their growth is sustainable which could take another 3-4 earnings. They don't pay a dividend and their balance sheet is ok at best, but has improved over the last year (and should continue to improve as they have decent FCF). If they fail to sustain it by this time next year I could easily see them in the 25 range. If they continue to grow and expand market share through Q2 2022 then they could be above 45.
Technically for the short term, they've got really strong resistance at 35 and really strong support around 31. If you're thinking of starting a position then this could be a pretty good spot at <32. I personally expect them to remain in this channel for while as there is a lot of selling pressure around the 34-35 mark, and I think the market sees fair value at more than 30. I won't be surprised if it breaks below 30, but I also wouldn't be surprised if it hovers there for a while. I will personally not add any more unless it hits ~28 as I'm happy with my current exposure to it and the current price is too close to my average for me to want to average down again.
Obviously make decisions based on your own research, and I think they are far from a sure thing, but if you like the company and industry then I think they're at a decent entry point.
I think some people here are failing to consider that the market has changed. It’s more accessible and there’s a human element. Personally I don’t hate on the memes, the psych degree is finally paying off. AMC went up last week because the market was high. If you remember early last month it dipped a whole lot. AMC had a better than expected turnout after reopening and the stock was still cheap I expected a solid swing but it flew. GME AMC and BB hype swing together. So with GME earnings coming up they all make sense even if they make no sense. BB and PLTR do make sense though, hype or not they’re not going anywhere. I’m in on DKNG pre football. Iffy on PLAY pre earnings. VZIO has potential. Market is way too volatile and too high for me to commit right now. Liquidity.
Im a noob at stocks but ive been using cash app to invest in stocks, its really simple and i like it, would itt be ok to invest larger amounts on cash app ($5k-$15k)
I wouldn't recommend it. Look at the cash app subreddit. Post after post of complaint.
Well...$COIN is likely going to be down a lot tomorrow.
speaking of which "that" happening is just an add on to things not feeling right right now. Something is just nagging at me...I'm guessing that tomorrow is going to be one of those days where I wake up and us and Europe are quite bloody and with that coin below 30k.
This being a tough area for NDX is playing out quite well as well too...it looks well on its way to being red tomorrow morning. I hope I'm wrong, I'll be happy if I am.
If that coin is below 30k I will actually buy more of that coin since that’s my buy trigger.
That coin below 30 would be insane, any catalyst? Or just the momentum slowly dying?
Looming death cross might be spooking people. At the rate at which the 50-day SMA is approaching the 200-day, unless prices rise significantly, death cross may be here within 2 weeks. Prices plummeting from here could bring it forth sooner.
Oh wow just started reading about it, damn that’s rough. Hope people get to cash out their initial investments atleast
I don't really know if there's been a catalyst for this, the fact that this market all plunged at the same time tonight seems like a coordinated liquidation again.
This is a realm where I wouldn't be surprised if I saw something completely different in about 8-9 hours, but man, I don't feel like that's going to be the case.
Just wanted to post some trades that I closed today:
FUBO 20 Aug 21 45C, 4 contracts: Purchased 6/1/2021
DBX 16 July 21 28C, 7 contracts: Purchased 6/2/2021
NIO 16 July 21 40C, 2 contracts: Purchased 6/2/2021
NIO 20 Aug 21 42C, 1 contract: Purchased 6/3/2021
NIO 20 Aug 21 50C, 8 contracts: Purchased 6/4/2021
CLOV 19 Nov 21 10C, 2 contracts: Purchased 6/3/2021
I'm currently holding these positions:
PYPL 20 Aug 21 260C, 1 contract: Purchased 6/1/2021
TWTR 16 July 21 60C, 2 contracts: Purchased 6/2/2021
PLUG 16 July 21 35C, 2 contracts: Purchased 6/3/2021
OPEN 16 July 21 23C, 8 contracts: Purchased 6/4/2021
Why so bullish on these?
I have a swing trade setup using an indicator system that I coded myself, so I initiate a position according to my
Setup. Of the positions I closed today, all of them were for a profit. And the positions I’m
Holding are nowhere near my stop, so we’ll see what happens tomorrow.
Love me some swing trades.
I’m surprised that GME has been able to hold the gains from the initial rally. Earnings this week might be a test (or not since the “investors” don’t take fundamentals into account)
These meme stocks have made me question the microstructure of the market. Let’s say you want to buy 10m shares of a company and the average daily volume is 20m shares.
You can choose to purchase all your shares at one time in a market order and cause a huge price spike or choose to buy small blocks at a time to avoid having less of an impact.
My question is: does that first scenario of a gigantic buy at once have an enduring impact at inflating the price compared to the second scenario? EMH would say the price would end up in the same spot but we all know EMH isn’t worth much these days.
Is this ultimately what explains how these stocks have been able to keep their elevated prices?
Same thing with the dog coin, eventually it has to burst right? I rode both waves early on but got off too early (still profited so can’t complain much) but this is wild
Does anyone use SoFi and recommend it?
I have a SoFi account that I use for some of their offerings that my brokerage doesn’t offer (I’ve had that account since before smartphones). To me it’s Robinhood for grownups. Much better leadership/customer service and more services. The user interface isn’t perfect, but neither is my brokerage’s.
I don't see anyone mentioning CERC up over 12% today.
Cantor Fitzgerald started coverage with an overweight rating and $7 price target on Friday, Supposed to be some FDA news on one of their pipeline products before month's end.
Anyone have an opinion about Moderna (MRNA)? I invested a few months ago and the thing just shot through the roof. I’m a long term holder for most stocks but do you think this thing comes crashing down after Covid or does it have room to run for awhile?
mrna has been in play ever since covid.
it's your typical pharma company that runs either very high or very low. it'll never (rarely) grow consistently. just take your profit when you feel comfortable, wait for the dip (whenever there's any bad news really) and rebuy at a cheaper price if you believe in them in the future.
or just hold and forget about it if you really believe itll be worth 2-3x in the future.
look at nvax for example. any good news it goes up. this is a competitor in the covid19 vaccine industry too.
I don’t own any but it seems like its story is just beginning
What has happened to this subreddit? Every other post is \*\*\*Is XYZ underpriced? I think it just broke the resistance and on to $xxx. "
Is it a good idea at this point to short stocks that surged at the beginning of the pandemic (remote video conferencing, sanitizing, etc) now that things are reopening?
You’re a bit late
Short positions can get really ugly really quickly, they should be opened based on research, not hunches.
What are you opinions on XUNLEI (XNET). It's financials looks fucken solid to me .
Is BABA massively undervalued ? Especially when the risk of restricting cash flow has been cleared and ANT financial might IPO end of year? I'm getting in tomorrow before everything gets fucking priced in again.
Just asked my cousin what positions he had besides his meme stocks. He said his entire portfolio is in GME…fuck, my family line needs help…
Lol that is none of your business
Dude. We are two 22-year olds who started investing cause we wanted to have better futures than our immigrant parents. We’ve been very close for 22 years. He’s pretty much a brother. Don’t talk to me about what my business is and isn’t.
Edit: you comment GME and AMC in every other one of your comments so now I know why you think I came for your neck.
When I was a young boy in Bulgaria
If I'm right about where the resistance is on the Nasdaq-100 (which I appear to be), I don't think there's going to be any more screwing around here. I suspect it either blasts off or dumps.
Honestly, if you wanted a guess from me, I'd lean toward the latter. Something just doesn't feel right...based off what's been going on and what happened on Friday, the S&P really needed to at the very least get a record close today, this stuck in a range stuff can easily end up being a distribution pattern which is bearish...
Anybody subscribed to Motley Fool that can speak to whether or not it’s worth it? Feels like a scam to me but I’m new to investing so IDK
UPST ADBE ACN ABNB ZNGA ODFL AMZN FVRR CRWD TEAM SHOP TTD
.... bleh picks but furthermore they don't tell you when to sell, they give no guidance. I've lost a bunch just buying MF picks when they come out.
I read their free articles sometimes out of boredom. Articles about the same company give conflicting information within days. A lot of the atticles are one sided and leave out some pretty crucial components of the story that would be easy to find with even a 5 to 10 minute search of the company.
I cant recommend even their free service when the majority of this sub does better DD than the motley fool bloggers.
I’ve been subscribing to Stock Advisor and Rule Breakers for over 10 years and I have absolutely crushed the SP500. You will find so much hate on this sub from people that have never actually paid. Their free stuff is all written by their entry level analysts and are 100% allowed to write whatever they want even if it contradicts their paid recommendations. But, the paid recommendations are their official stock picks that they base their numbers on you see in their ads. I used to do some ETF’s and some Fool picks now I’m just 100% fool stocks. Have over 50 in my portfolio and I’ve averaged more than double the market for 10 years
you're better off donating that money
Currently got an offer from a friend who is willing to put money into stocks (like AMC) if I keep tabs on the stock. I was wondering what everyone’s thoughts on AMC were at this point and if it’s worth putting a bit of money in
I would advise against managing other people's (especially friends):money. You set yourself up for future problems.
I agree. His reasoning though is that he doesn’t have the time to look into stocks and I have a bunch of free time coming up and he has money he knows is at risk of being lost
Fuck everyones reasons and how pushy they are. Also existence of your free time is literally nobodies business. Looks like you would agree to any shady business if they argue well enough.
When you lose all of his money, careful he does not straight up kill you.
As for AMC, its the most gambliest stock possible that already risen 500% last month. At this point if the value of the money is so low that you could literally take it, wipe your ass with it, flush it down the toilet and literally forget about it 5 sec after, yeah you can put it in AMC. If its friends money, it would look something like him being a multi millionaire, and giving you 50$ that were rotting in his pocket for past few weeks.
On top of that imagine if you trusted someone with your money, and then later he just straight up tells you he lost it all. I can't imagine a scenario which wouldn't produce doubts, suspicions, talking behind the back, with more crazier gamblers even assault on you, with douchier more bully like people demanding that money back. I have seen even rich people have 1 beer too much and go like wild pack of dogs over few hundred bucks that means nothing to them.
Off chance AMC goes full maniac upside and you come to your friend and reward him with more money. He is going to want to do it again, milk you from every penny there is. You are a money maker now, imagine all the money you could make for him, the sky is the limit. Of course reproducing that success would be statistically impossible, we got a lot of stories about that, one is at the start of this video - [link](https://www.youtube.com/watch?v=PiLZSTBIjO8&ab_channel=JakeTran)
And now after you bought him sweet reward of money, you would come one day to him either refuse to do it next time or lose the money next time, suspicion would fall on you instantly, they would say about you that the guy probably wants to keep all his success or my money to himself, how could he win that much before and now lose it ?
Thank you very much that’s a good point. Obviously I’m just spitballing here and I’m not sure if it’ll even happen but I appreciate the feed back! I’ll obviously be very careful and not invest a lot if it happens
Yeah but trust me, if anything goes wrong you suddenly have played a part in the consequences of *his* money. If he doesn't have time to look then tell him to put his cash into VTI or VOO etc and set and forget.
My pleasure dude would hate for something like money to drive a wedge between friends, and it often can.
Not really worth investing in AMC now that it has ballooned in value versus where it was at.
Probably look at investing in companies that are upstream of AMC such as Disney, Comcast or AT&T to take advantage of the upcoming Warner Bros Discovery spin-off
Are there any stocks that have an upward trend like AMC or GameStop currently worth putting money into?
The same trend as GME and AMC? Maybe Blackberry but that becomes essentially gambling. Oil stocks could have a lot of momentum throughout the summer but we’ll have to wait and see.
Thank you very much
VWAGY finally moving again. This company will kill the ev sector.
I'm up over 30% on three tickers I purchased a month ago. My goal was to get there in a year but it happened in a month. I want to hold long so I can avoid the income tax but gosh it's tempting to take profit on these unexpected gains. None of them are memes fyi. I think I'll just stay the course. Original plan was for less swing trading and focus on investing.
BYND BNED TLRY
Tlry is a meme for sure. It raises with other meme stocks. I would cash out on that one
Take some profits, my guy. The stock market is fickle, you never when those stocks May turn on you
Thoughts on FNKO? Have about 13k on 25c 6/18
I would get out. It's had a [bearish engulfing](https://www.investopedia.com/terms/b/bearishengulfingp.asp) pattern on its weekly chart, and its net income has been declining for the past three quarters. Just take a look at this [tradingview chart](https://www.tradingview.com/chart/8gkwK6ic/). Additionally, its [P&F chart](https://stockcharts.com/freecharts/pnf.php?c=FNKO,P&listNum=) has just had a double bottom.
Ain't no squeeze so u're good
Took my CLOV money and went Somewhat in, CLF. It’s steel season baby! Let’s go!
EXPI up 8 percent today! Did it just break through the resistance? Target price 60?
what even is that subreddit
How do you buy this? It's not on RH
I bought 1k shares online today through my Fidelity account.
Put in a limit order at the market price for 50 shares of a stock at like 1 pm. Average volume is 1.4k. Somehow Robinhood failed to get the stock for 3 hours while the price remained flat and just closed the order.
That's not really surprising. A volume of 1.4k is very very small. For example, Apple has an average volume of 79 million.
You were basically trying to buy up 3% of the shares that were on the market on any given day. Which is a big purchase. And since a lot of trading is done soon after trading opens, your 1 pm buy order was probably just too late in the day. The fact the price remained flat is further evidence of this. Prices change when trading happens. If the price didn't change, then it's unlikely much trading happened. Robinhood can't find you shares that no one is selling, you know?
I never looked at volume on an hour by hour basis, I didn't realize it was so skewed. Is there a free place to get that data for individual stocks?
Oh, never mind. Haha. I found it after clicking around Robinhood a bit. Bring up the stock you want, make sure your on the 1 day graph, and click the candle graph button on the bottom right of the graph. The candles can be useful, but what you want is the little bars across the bottom. That shows the volume for each 10 minute period of time.
For example, on Apple's graph today. 1 to 3 million shares were traded every 10 minutes for the first half hour of trading. Then by the afternoon that was down to half a million per 10 minute block. Then near the end of the day there was a big jump again back into the millions. (Which also isn't unusual. 3 to 4 pm is often called power hour.)
Appreciate it, I had no idea they showed that info.
So the stock I was looking at had a total volume for the day of 5 shares and they were all sold at 9:30.
Ahh. Yeah, that would do it. Best of luck on trying to get in on that investment in the future!
Appreciate your help. I think I'll get it eventually.
That makes complete sense!
wow Biogen making meme stocks look small. anyone buy in earlier given the Alzheimer’s treatment news? i looked but couldnt afford those call spreads lol
Thoughts on ATOS?
I like the stock
Hi everyone, I am looking to get the community’s POV of my ROTH IRA portfolio allocation. It currently totals to 12.5k and all ETFS look to be pretty diverse with few overlapping holdings when comparing against each other.
Looking for advise on what to keep adding to (im assuming add 6k into VTI Jan 1st and get some international exposure) as well as what to cut.
I am 27 yrs old with a long term timeframe and high risk tolerance. Also, I dont expect to be at the income level by this time next year to be eligible to contribute to a ROTH IRA anymore. Any suggestions, tips, and tricks are much appreciated!
VTI - 35%
QQQM - 18%
SCHD - 10%
SMMD - 10%
Speaking for bogleheads (and as you mentioned) international exposure might be a good hedge. They would vouch for VXUS, but I also like SCHF (if you don't like Chinese stocks) or SCHY which I think is SCHD but international (so I have high hopes for it)
Lose the Arks and maybe fill in with some TGT and round off with a little USO and CLF. Bang!
“High risk tolerance”
“Sell ARK for TGT”
Hahahahhaha too damn funny. It’s literally what I did back in February. Up 30% since and the arks are down yet another 15. He says high risk tolerance but the portfolio is like a vanilla sundae with anchovies on top.
Why allocate to individual stocks like Target, USO and CLF? Please elaborate
I'm just not a fan of cathie wood. she had a....interesting past/record
You’ve just got too many etfs and indexes. They are fine and everything but you need to make your own decisions sometimes and play the game. Target is a slow creeper. They’re doing good things. Expect more, pay less. USO is the oil hedge. I expect 51 to 55 mid to late summer easy. CLF because steel is everything and i think we’re turning a corner.
USO owns oil FUTURES, not oil. All it needs is another case of contango and the price will plummet. CLF instead of X?
Anyone else buying more FUBO? I’m in at $22 and thinking of loading up some more.
Can’t believe the gains held. This is the first day my portfolio closed at a profit since February.
These past few months have been a wild ride.
Hopefully the market is gonna be less volatile moving onwards from here. Quite a lot of wild movements are likely people trying to rebalance according to that crazy spending and tax hike bill from the Biden administration, now that the bill is looking to be trimmed significantly, there will likely be less speculation of which stocks will benefit or hurt the most under huge policy shifts and earnings will be back on focus.
Good job! You're beating the algos!
Started investing in February. Lost a lot of money chasing hype stocks and ARK funds. Bottomed out to as low as minus 10% on the year. After trying my hand at value stonks, and with a little luck in today's BIIB news, I'm finally at a net positive.
Similar story. After getting burned by meme stocks in Jan I opted to start a proper long portfolio from scratch. Went well at first and then everything to went to hell after February 11th.
Spent the past few months revising my vision with my holdings and dumping off the things I didn’t really care to go long and stay engaged with while consolidating into things I cared about or did proper homework on. And I progressively learned to stop being jumpy and be willing to just let things ride or roll until I feel the moment is right. Today 2 penny stocks I had that I consolidated into after dumping a ton of other ones finally helped push my portfolio back into the green.
I think that’s just part of the learning process. Don’t feel bad about some early losses. Just keep improving yourself and your strategy!
So I opened a roth IRA account today. I am kind of debating what to split my money into. I am between SPY, VOO, VTI and VXUS. I would appreciate some advice on what y’all do or what y’all think. I for sure did VOO and SPY but i am debating between VXUS and VTI.
Edit: this probably gets asked a lot. I am 22 by the way if that matters.
VOO and SPY are virtually identical. VOO should be favored for long-term holding due to a lower expense ratio.
VXUS offers international exposure and VTI is 70+% VOO/SPY, so it also overlaps quite a bit and the two are quite different (VXUS vs VTI).
I would suggest finding two etf's that track two of the major indices (S&P 500 and Nasdaq-100). I would dollar cost average into VOO and QQQ.
Less is more when you are just beginning to fund your account. Stick to less than 3 etf's.
Would VOO and VXUS be ideal?
Yeah if you want a super basic, low-effort portfolio something like 80% VOO and 20% VXUS can work. There are a few other ways to shake that out, but those are very basic and standard staples in a long-term retirement strategy. You can always add some other stuff in as well along the way if you want to modify your strategy a bit.
Thanks for the help! I’ll look into things before I jump in on anything.
Yeah, r/bogleheads is good for this stuff, too. There’s other stuff, like brokerage-preferred funds or ETFs that may exist and have smaller fees, VXUS in tax-advantaged accounts not claiming foreign tax credits, etc.
More or less though, you can try starting with something like that.
anybody in on CLOV? if so can you tell me more about it?
Another pump and dump by peopling trying to convince each other of a short squeeze.
Money is money
What do you guys think of technoglass?
Tesla calls at the bottom paid off nicely today
Forget your meme stocks. $ORCL is a beast. And pays a dividend, too!
Well, I spoke too soon, the Nasdaq-100 did trade to above 13.8k and then rejected it...hooray.
i've got a handful of stock picks (aapl,amzn,dis,msft,wmt) to which i want to add a financial/fintech company to balance it out. strategy is hold for life and add whenever i have cash. any thoughts?
these take up about half of my portfolio, the other half is an all-world etf. i want to put some weight on a few hand picked strong companies though.
If you have interest in any of the big banks, I’d say there is a mild degree of consensus of where each of them are at.
As a pure value play, WFC is still the cheapest (or one of the cheapest) of the bunch despite their recent run up. JPM is highly rated, but because of that they’re currently priced at a relative premium. BAC is somewhere in the middle.
For the investment banks, I think most would go with GS but I think MS is a decent pick too.
I figure you might want a dissenting opinion when everyone on Reddit will just say Square/Paypal.
Are there some recent one-time expenses for WFC? Because the P/E isn't cheap for a bank stock. And at a glance it hasn't been for a year.
damn WFC really ate shit when covid hit huh?
Yea. WFC is a relatively new position for me, so I’ll see where it goes. I just think commercial banks in general are positioned well in an inflationary environment where the Fed will inevitably begin tapering and eventually raise interest rates again. This is likely a 2-5 year play, so we’ll see how it turns out.
Besides the ones mentioned below, look at Ally as well, they even have a dividend. Their growth over the last 10 months or so has been remarkably consistent, even through some of the relative ups and downs of the last 3-4 months.
Safe fintech: SQ and PYPL
More high risk, high reward fintech: PSFE and SOFI
SQ is becoming more and more involved with CC, PYPL is far safer IMO
I think CC is going to be around and grow for a long time. Even if it makes the stock more volatile, I think it makes SQ a more attractive company to invest in
Just to piggyback off your comment. STNE was a popular fintech name last year too.
Oh wow. My Plug and Castle stocks have been doing really well today.
... I'm scared.
Same with me (CSTL) -- seems like CSTL has its momentum back again. Hope it can get back into the 90s like it was before.
Plug has been doing well ever since they reinstated their 'screwed' accounts. Turns out they were all good. I bought some on the news and it's doing well.
I'm just happy to be slightly green.
Don’t worry. It will be gone tomorrow at market open.
it's eaten shit ever since february. why so sure it'll do better again?