Investing General Discussion

Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,723
131,278
Blazin said:
Went pretty heavy into QQQ stops now in place. My best guess is that we are going to enter a consolidation/trading range pattern for a while. Market is going to spend some time feeling out that range. I tend to do well during those periods trading more actively.

View attachment 300795
Click to expand...
AAPL was trading right around $96 (adjusted for split) when they announced earnings crush and split. How much do you think the earnings alone should have accounted for? Assuming they did not announce and do a split? Or put another way, what do you think their price should be based on the earnings they put out last month?
 
Blazin

Blazin

Creative Title
<Nazi Janitors>
7,405
37,289
Sanrith Descartes said:
AAPL was trading right around $96 (adjusted for split) when they announced earnings crush and split. How much do you think the earnings alone should have accounted for? Assuming they did not announce and do a split? Or put another way, what do you think their price should be based on the earnings they put out last month?
Click to expand...

The market is a sentiment weighing machine not a valuation scale. So I tend not to worry about what I think something is worth, since the market doesn't care about my opinion. From a technical point AAPL chart doesn't give me much comfort. I dislike the the large gap in what is now the 90s. Being in a strong bullish trend the 50 day should act as support (which is above the concerning gap).

Given my exposure via ETF's I would not consider buying AAPL individually over $100/share. The 200d is just too far away for me to like that risk/reward. If I held it I wouldn't just dump it either, like the market if it can consolidate for a period then my comfort level with this range will increase.

Despite my playing QQQ on this drop I'm skeptical of a new high in the next 2-3 months. I'm looking for chop and I think tech will give me days like we have today with big names up 5% so I can make money and reload.
 
  • 2Like
Reactions: 1 users
Araysar

Loser Araysar

Chief Russia Reporter. Stock Pals CEO. Head of AI.
<Gold Donor>
84,435
171,171
I held onto TQQQ long enough for it to get back into the green this morning and sold it off. I dont see a consistently strong market in the next few weeks that i can make easy gains in, so I freed up the cash instead to buy anything that might drop in price considerably.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,723
131,278
Blazin said:
The market is a sentiment weighing machine not a valuation scale. So I tend not to worry about what I think something is worth, since the market doesn't care about my opinion. From a technical point AAPL chart doesn't give me much comfort. I dislike the the large gap in what is now the 90s. Being in a strong bullish trend the 50 day should act as support (which is above the concerning gap).

Given my exposure via ETF's I would not consider buying AAPL individually over $100/share. The 200d is just too far away for me to like that risk/reward. If I held it I wouldn't just dump it either, like the market if it can consolidate for a period then my comfort level with this range will increase.

Despite my playing QQQ on this drop I'm skeptical of a new high in the next 2-3 months. I'm looking for chop and I think tech will give me days like we have today with big names up 5% so I can make money and reload.
Click to expand...
Thanks for the reply. I had it around 90-95. I then have to flip it in my m8nd is it going to drop 20%? I don't think so. Then my next hunch it just floats sideways until the technicals move up to support it and it then starts running again. I'm not adding as I have just over 5% in it and I'm cap maxxed.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,723
131,278
Locnar said:
I want to go 50 percent all in
Click to expand...

Fair warning: From what little financials I have seen they have yet to make a dime of profit. Before it begins to trade I hope to have some in depth financials to dig through and post.
 
Indyocracy

Indyocracy

Stock Pals Participant
<Gold Donor>
1,142
5,305
Ok could someone explain this PSTH thing to me I was offline for a few days, I have 50 shares I tried to read the link but I am fairly new to this stuff
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,723
131,278
Indyocracy said:
Ok could someone explain this PSTH thing to me I was offline for a few days, I have 50 shares I tried to read the link but I am fairly new to this stuff
Click to expand...
Reader's digest version:
PSTHU is a SPAC. It is looking for a private company to bring public via a reverse merger instead of a traditional IPO route. PSTHU is the initial mechanism to go public. The U is for units. On Friday it will split into PSTH and PSTH.WT. PSTH will become shares and PSTH.WT will become warrants (that can be exercised down the road for the right to buy more shares at a fixed cost of $22.50. If you own 50 shares of PSTHU then you will receive 50 shares of PSTH and 5 shares of PSTH.WT as the warrants are created at a fractional rate of 1:9
At some point PSTH will find a merger partner and it will go public as a wholly owned subsidiary of PSTH. At that point you will own those same 50 shares of that new subsidiary. Hopefully it finds a great company and we all become rich.
 
  • 2Like
Reactions: 1 users
Indyocracy

Indyocracy

Stock Pals Participant
<Gold Donor>
1,142
5,305
Ok it seemed like I missed a chance to be divisible by 9, but otherwise no big news. Cool thanks for clarifying
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,723
131,278
For those of you familiar with Twitter and also interested in SPACS, you can use the $ preceding the stock symbol to search and get the latest tweets on stocks. For instance $AAPL signifies the APPL stock and $PSTH for the PSTH SPAC. Many of the companies that are bring out these SPACS are big on using the power of social media.
 
Locnar

Locnar

<Bronze Donator>
2,848
3,165
Sanrith Descartes said:
Fair warning: From what little financials I have seen they have yet to make a dime of profit. Before it begins to trade I hope to have some in depth financials to dig through and post.
Click to expand...

Oh that is of no concern. I'm a huge LOTR fan and thats as good as enough reason as any these days to roll those dice.

Palantir are the 7 seeing stones given by the Noldor to the Numenoreans. yolo
 
  • 1Solidarity
  • 1Like
Reactions: 1 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,723
131,278
Locnar said:
Oh that is of no concern. I'm a huge LOTR fan and thats as good as enough reason as any these days to roll those dice.

Palantir are the 7 seeing stones given by the Noldor to the Numenoreans. yolo
Click to expand...
Nerd investment strategy ftw 😀
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
46,723
131,278
My 2 cents. What we are experiencing in 2020 is without precedent in modern times. It is a confluence of events. Yes we have had election years before and can look to those for insights. Same with pandemics. And Trade Wars with our biggest trade partner. However, what we haven't had before is them all coming together at the same time. How they will interact together can't be modeled. There is only one constant that has to be applied. Take emotion out of the equation. I am excluding Blazin Blazin from this as he is a full-time trader. its his livelihood. The rest of us should be looking at long term investing views. I am not promoting buying up shit right now, but I am saying hold on to quality. Market timing isn't a viable investment strategy. Data has shown on average people who time the markets end up missing too much of the gain on the recovery vs those who ride it out and hold through the valley.

tldr: If you believe AAPL, MSFT, AMZN, WMT, JPM, HD, etc are going to be here next year and for the next 5 years own them and hold them. If you believe the US economy is going to be here for the next 5 years own the SPY and/or the QQQ. Paying 2k an ounce for gold or buying 10-years paying 0.6% interest a year isn't a viable option in my opinion.
 
  • 5Like
Reactions: 4 users
LachiusTZ

LachiusTZ

Rogue Deathwalker Box
<Silver Donator>
14,472
27,162
Sanrith Descartes said:
My 2 cents. What we are experiencing in 2020 is without precedent in modern times. It is a confluence of events. Yes we have had election years before and can look to those for insights. Same with pandemics. And Trade Wars with our biggest trade partner. However, what we haven't had before is them all coming together at the same time. How they will interact together can't be modeled. There is only one constant that has to be applied. Take emotion out of the equation. I am excluding Blazin Blazin from this as he is a full-time trader. its his livelihood. The rest of us should be looking at long term investing views. I am not promoting buying up shit right now, but I am saying hold on to quality. Market timing isn't a viable investment strategy. Data has shown on average people who time the markets end up missing too much of the gain on the recovery vs those who ride it out and hold through the valley.

tldr: If you believe AAPL, MSFT, AMZN, WMT, JPM, HD, etc are going to be here next year and for the next 5 years own them and hold them. If you believe the US economy is going to be here for the next 5 years own the SPY and/or the QQQ. Paying 2k an ounce for gold or buying 10-years paying 0.6% interest a year isn't a viable option in my opinion.
Click to expand...

This is exactly what someone would say if they were trying to horde all the gold.
 
  • 7Worf
  • 1Like
Reactions: 7 users
You must log in or register to reply here.