TheBeagle
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It's not all unicorn farts though, my half position in OTLY turned into a full position after the stock dropped another 30%. Cost basis averaging down like a mofo on that cocksucker.
Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Blazin
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In the spirit of always wanting to talk about the difficult stocks/trades. I have the following stocks in the red:
VZ (Cost Basis ~$53) Miserable stock where money goes to die, still not selling. Reinvesting Dividends and will buy some more at 48. If 2022 overall return is less than 5% I'll probably bite the bullet and dump it.
CAH (Cost Basis $48.75) Another divy hold, I'm still overweight healthcare and am going to be more patient with this. The opioid settlements are still overhang, but the stock is worth more than this.
PYPL (Cost Basis $233!) I have not doubled down on this as I'm just not sure how heavy I want to be on what I consider to be a higher valuation stock, I do see some signs that it's trying again to find a bottom here, and I think there is a decent chance on the next buying run it heads near $197-200 where I'll have to decide to either trim the loss or hold on. I'm inclined to be patient but I might also put a stop in if we do get a pop.
DKNG (cost basis $36.50) This is rather small position that I don't sweat, it's a hold for me until $55-60, we fail to hit that by late next year I'll think about moving on.
That's my current stinker list, other than PYPL nothing that egregious but more than average for me. Was a tough end to November.
Remember to always watch your size on individual names. I'm usually at 1-5% of NW in an individual name. Sometimes it sucks because it limits seeing some nice numbers on big winners. Always think should have bought $900k in MTTR but then the bad trades remind you why that can be a dangerous way to play it.
VZ (Cost Basis ~$53) Miserable stock where money goes to die, still not selling. Reinvesting Dividends and will buy some more at 48. If 2022 overall return is less than 5% I'll probably bite the bullet and dump it.
CAH (Cost Basis $48.75) Another divy hold, I'm still overweight healthcare and am going to be more patient with this. The opioid settlements are still overhang, but the stock is worth more than this.
PYPL (Cost Basis $233!) I have not doubled down on this as I'm just not sure how heavy I want to be on what I consider to be a higher valuation stock, I do see some signs that it's trying again to find a bottom here, and I think there is a decent chance on the next buying run it heads near $197-200 where I'll have to decide to either trim the loss or hold on. I'm inclined to be patient but I might also put a stop in if we do get a pop.
DKNG (cost basis $36.50) This is rather small position that I don't sweat, it's a hold for me until $55-60, we fail to hit that by late next year I'll think about moving on.
That's my current stinker list, other than PYPL nothing that egregious but more than average for me. Was a tough end to November.
Remember to always watch your size on individual names. I'm usually at 1-5% of NW in an individual name. Sometimes it sucks because it limits seeing some nice numbers on big winners. Always think should have bought $900k in MTTR but then the bad trades remind you why that can be a dangerous way to play it.
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karma
Molten Core Raider
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If you are a gap fill voodoo believer PYPL has a gap to fill around 158 area from the gap up from 6/15/20 to 6/16/20. I have spare cash I intended to put to work on something other than day/short swings since I havent had time to trade lately, so I'll keep an eye on VZ for sure. Half tempted to grab some tonight, but then I will crash it (I am the Rajaah of equities.)
(I am the Rajaah of equities.)
Blazin
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For tortoise investing of reinvesting divy in a tax sheltered account, owning a chunk of something like VZ can have a portfolio stabilizing effect. Your true yields will get pretty handsome after your divys start netting you more divys. It's really a bond proxy, but there have been missteps that are real, they have spent a lot of money on 5g and it needs to generate returns or they will drown in debt.
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LachiusTZ
Rogue Deathwalker Box
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Blazin
Creative Title
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Not sure the price movement of one particular day is that relevant, but glad you had some green today.
LachiusTZ
Rogue Deathwalker Box
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Sanrith Descartes
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I linked the T CEO notes from today's conference. Hopefully investors like what he said. Every quarter they put off the div cut I am making bank tho
Sanrith Descartes
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TWTR, FB, VZ and T are 4 of the top 5 holdings in FCOM so yeah, it's butt pain right now.
Mist
REEEEeyore
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Mist
REEEEeyore
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Yeah, I am green today as well, but only because of ETHE and that could turn on a dime.
Sanrith Descartes
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My reds are SPIR, a microcap. Technically I am still green since I sold at $17 (from $10) and then took all the profits and bought back in at under $7. Right now it's down about 30% from my rebuy. I like the idea so I'm reading it out.
PYPL is a staple for me. I'm down. But I was also up about 30% at one point. I am maxed on my holding size so I am just riding it. Fintech/payment companies are the future so I'm just ignoring. I'm strapped in for the long ride.
MA. See PYPL above.
WYNN - Macau giveth and Macau taketh away. I'm riding this out first a while. I'm in under $90 so I'm still single digit red right now.
I have a couple positions I just got that are down a few percent so far.
PYPL is a staple for me. I'm down. But I was also up about 30% at one point. I am maxed on my holding size so I am just riding it. Fintech/payment companies are the future so I'm just ignoring. I'm strapped in for the long ride.
MA. See PYPL above.
WYNN - Macau giveth and Macau taketh away. I'm riding this out first a while. I'm in under $90 so I'm still single digit red right now.
I have a couple positions I just got that are down a few percent so far.
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If we have another big red day tomorrow for BA and WYNN in particular (and a couple others I have), I might add to positions to decrease cost basis. I suppose I could look at some of the tech stuff like NVDA and AMD which I don't have, but I feel like I missed the train on those unless they really drop back down.
CLF and NUE took a hit today too. GRR
Kiroy
Marine Biologist
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When youre 100% cash in times like this;
wish I was in cash instead of taking the devastating hit of falling to where I was yesterday late morning. FUCK
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Kiroy
Marine Biologist
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omicron narrative is ramping up hard, pretty big balls going into or adding to anything travel right now - it seems like it takes about a month or two to go through the 'new variant' propaganda cycle and end up back at "let's open everything up!"
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Eh, depends on what it does. If it goes to like sub 75, I think that's a pretty solid bargain for something that should be worth 100-110 as soon as people are able to go somewhere again.
And I'm not talking big numbers adding here, maybe a few hundred bucks. My shit days are rounding errors for Blazin and Sanrith I think
Sanrith Descartes
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Avoid NVDA and AMD. The trick with individual stocks is to analyze their individual charts. Both of those have mooned lately. These pullbacks are nothing for them. I'm stalking NVDA to get back in for the 3rd time. It's a patience game.
WYNN could be a a wait for it to recover because of Macau. Wynn Macau is great for the company, but China is fucky right now. It just needs to be ridden out. Asians are degenerate gamblers. It will eventually right itself. I added today at 80.
BA is the same as WYNN. It has issues outside of Coronachan. But it's one of the two real airplane makers. And it's crucial to American defense. It will right itself. Again it could take some time.
Find the big names that have been oversold in tech. MA declaring an 8b stock buyback should help it tomorrow. If it does, I expect all the other tech cash cows to follow suit.
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Sanrith Descartes
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The only travel stock I.am.willing to play with is DAL. It has the absolute strongest balance sheet of the travel companies. It's still a crapshoot, but all the other ones are a crapshoot with loaded dice. World governments can fuck travel companies longer than you can stay solvent. If you really want to play them play them using way out of the money puts.Eh, depends on what it does. If it goes to like sub 75, I think that's a pretty solid bargain for something that should be worth 100-110 as soon as people are able to go somewhere again.
And I'm not talking big numbers adding here, maybe a few hundred bucks. My shit days are rounding errors for Blazin and Sanrith I think