Investing General Discussion

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Sanrith Descartes

Sanrith Descartes

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Zzen said:
It’s a bloodbath out there.

Stay safe FOH bros!
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I have a surprising number of Greens. Granted DOCU isnt one of them :cool:
ABBV, ABT, AMGN, CAT, CI, FDX, LMT, NOC, NUE, T, UNH, UNP, VZ and WMT all green for me so far.
 
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Zog

Zog

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I look at today as just another chance at getting omicron panic prices from earlier in the week.

Definitely picking up more CLF if we ever get to 19.60ish.
 
TheBeagle

TheBeagle

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I bought 5 shares of DOCU a few weeks ago. Cost basis $257. Wake up this morning to the carnage. That's a big ouchie. Thankfully still have enough cash to buy more at $140.
 
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Moglyzoke Moogleman

Moglyzoke Moogleman

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Sanrith Descartes said:
Ok its Friday so I will take some time to explain. Its going to be long so understand if you ask for advice you are required to read it.

1. You have to understand the fundamentals of a company if you want to own it. I hold north of 20 individual stocks and I know what every single one of them do. I can sit down and discuss the ins and out of each one of them. If I listed their names you would have heard of all but one of them most likely.
2. Lets compare why some of us moved on DOCU vs TALK. I use DOCU almost every day. I know the product. It has widespread usage across every aspect of business. It benefited from Covid but it also used Covid to get lots of companies who had not been using it to experience it. It has a moat. It has annual revenues in excess of $1b and a great growth trajectory.
3. What is TALK?
View attachment 385870
It lets you talk to a therapist via phone/web. Moat? Nope. Therapy is very dependent on client/Dr relationship. I dont see how talking to some rando therapist on the phone is going to make it as a model. It reported revenue of $26m in 3rd quarter of 2021 with COGS for the same quarter of $12m. Its SG&A expenses are $35m for the same quarter so it spent $35m to generate $26m in sales and $12m went to cover the cost of providing the service for that $26m. Its carrying over $110m in long term debt so they get to service that debt as well.
4. I am not saying TALK wont become the next FB. Ok, I am but my point is it could hypothetically grow into something. But its model can be easily replicated and to be honest is in a space that I think has very little worth (in my opinion) because of the tight Client/Dr relationship thing. Therefore it isnt a company I would consider owning.
5. So hopefully this explains a little bit why I and maybe others didnt bite on TALK but did bite on DOCU.
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Read, I appreciate you taking the time. From other posts talking about trading vs investing it makes far more sense.
 
Sanrith Descartes

Sanrith Descartes

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On the bright side it looks like DOCU found a floor. The dark side is that its about $26 below my cost basis :trollface:
 
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TheBeagle

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Sanrith Descartes said:
On the bright side it looks like DOCU found a floor. The dark side is that its about $26 below my cost basis :trollface:
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The reason I bought it in the first place (besides thinking it was a good company after going through the mortgage process), is after stalking it for weeks I noticed it regularly made $15-$20 daily moves up and down pretty regularly. Let's hope that trend continues.
 
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Sanrith Descartes

Sanrith Descartes

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Moglyzoke Moogleman said:
Read, I appreciate you taking the time. From other posts talking about trading vs investing it makes far more sense.
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There are close to 5,000 publicly traded American companies. Don't bottom feed the trash looking for the next AMC or GME. If I were you and starting out, I would spend weeks researching companies and make a list of 10 or 20 companies you want to own for the rest of your life. Once you have that list, post it hear and some nice folks might give you opinions and maybe some possible entry points. I would also go back to say Feb of 2020 in this thread and start reading. There is probably a bachelor's degree of knowledge in here for investing.
 
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Zog

Zog

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CLF just after I post...
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wokeaf-fuckin-thing-sux.gif
 
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Edaw

Edaw

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Sanrith Descartes said:
There are close to 5,000 publicly traded American companies. Don't bottom feed the trash looking for the next AMC or GME. If I were you and starting out, I would spend weeks researching companies and make a list of 10 or 20 companies you want to own for the rest of your life. Once you have that list, post it hear and some nice folks might give you opinions and maybe some possible entry points. I would also go back to say Feb of 2020 in this thread and start reading. There is probably a bachelor's degree of knowledge in here for investing.
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This is why I have a feeling this is the start of a slow decline toward the end of the year. Lot of first-time meme investors are going to bail to get cash flow for the holidays and the last few days have scared the shit out of them.
 
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