***Official*** 2018 Stock Market Thread

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FelixDeCat

Lifer
Aug 4, 2000
29,299
2,097
126
I thought AMD was a crumby investment for 2018, now Im starting to "think different"

 
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FIVR

Diamond Member
Jun 1, 2016
3,753
911
106
AMD up 7% pre-market


What did I say two days ago in this very thread?
 

FIVR

Diamond Member
Jun 1, 2016
3,753
911
106
ACBFF up another 17%

These MJ stocks are printing money for me right now.
 

DietDrThunder

Platinum Member
Apr 6, 2001
2,262
326
126
I don't trade stocks often. My average on owning a stock is at 11.5 years. What I need is a 20% fall in stocks because I'm sitting on too much cash which needs investing. Although I can't complain about my investments being up $26K in the two trading days of 2018.
 
Nov 8, 2012
20,828
4,777
146
I don't trade stocks often. My average on owning a stock is at 11.5 years. What I need is a 20% fall in stocks because I'm sitting on too much cash which needs investing. Although I can't complain about my investments being up $26K in the two trading days of 2018.

I'm in the same boat, waiting on a correction. Maybe were both stupid and getting left behind, but I just feel this Trump train can't go on forever.

But then again, maybe I am stupid - with things like tax reform JUST NOW passing, it sounds like the gravy train might continue forward for at least through 2018.

Hell, I still need to make me 11k contribution to ROTH IRA for 2017 still sometime before the April deadline.
 

FIVR

Diamond Member
Jun 1, 2016
3,753
911
106
Sold my ACBFF for a 64% return. Andrew left jumped on it. I know better than to hold against a Citron short sale.
 

FelixDeCat

Lifer
Aug 4, 2000
29,299
2,097
126
Anyone who buys weed stocks is probably high. Nobody ever made money dealing legal pot at a loss with no place to bank.

Put that in your pipe and smoke it.
 

DietDrThunder

Platinum Member
Apr 6, 2001
2,262
326
126
Okay, is anyone else starting to think that corporations are taking their estimated 2018 tax savings and buying back shares of their company's stock and driving the market higher?
 

Engineer

Elite Member
Oct 9, 1999
39,234
701
126
Okay, is anyone else starting to think that corporations are taking their estimated 2018 tax savings and buying back shares of their company's stock and driving the market higher?

Absolutely and it's probably going to gain speed, at least for awhile.
 

zinfamous

No Lifer
Jul 12, 2006
110,805
29,556
146
Okay, is anyone else starting to think that corporations are taking their estimated 2018 tax savings and buying back shares of their company's stock and driving the market higher?

No one could have predicted this!
 
Reactions: Engineer

Charmonium

Diamond Member
May 15, 2015
9,564
2,939
136
Historically, January is the lightest month for buybacks. I don't remember the exact number but I think it's less than 5% of the yearly total. So normally you would expect a pull back in January. This year though it looks like things will be turned on their head.
 

FelixDeCat

Lifer
Aug 4, 2000
29,299
2,097
126
My advice? Buy VRX at $23 and hold for $100 by 2019.

The p/e ratio is 6! This was a $250 stock once.
 

DietDrThunder

Platinum Member
Apr 6, 2001
2,262
326
126
Bought my first stocks ever this year. 10 shares of Activision Blizzard..

Yeah, ATVI has been on my potential buy list for several years now. I just don't know the reason why I haven't bought it yet. I guess I'm still waiting on a market correction.
 

KB

Diamond Member
Nov 8, 1999
5,401
386
126
My advice? Buy VRX at $23 and hold for $100 by 2019.

The p/e ratio is 6! This was a $250 stock once.

Buyer beware on VRX. It could definately go up, but it can also go down. It was just $11 bucks.
Don't forget how the company reached such lofty levels in the past:
http://fortune.com/2016/03/20/valeant-timeline-scandal/

Also whats holding it back is a large debt pile and negative revenue growth, plus Bill Ackman sold his stake:
https://www.cnbc.com/2017/03/13/ack...aleant-will-step-down-from-board-sources.html
 

KB

Diamond Member
Nov 8, 1999
5,401
386
126
Bought my first stocks ever this year. 10 shares of Activision Blizzard..

Any particular reason? Like their games?
I find that timing is important with video game stocks. They tend to go up before the Christmas buying season and before they release a new blockbuster game.
 
Nov 8, 2012
20,828
4,777
146
Any particular reason? Like their games?
I find that timing is important with video game stocks. They tend to go up before the Christmas buying season and before they release a new blockbuster game.

As someone that used to play and love Blizzard games, I can only imagine that things start to go downhill (not the stock price)

Blizzard was a company that prided itself on making quality, original, and amazing games.
Activision is a company that prides itself on profits and pumping out tons of shit games and hoping people gobble it up. They are much more likely to embrace the whole loot box and micro transaction stuff.

I guess what I'm saying is - you will never see a new World of Warcraft after Activision took over - it's just too much work for them, they would rather make a shit sequel and have loot boxes instead. Which maybe I'm just living in denial - I don't want to believe that is the future for desktop gaming, but perhaps it is. I would have thought more along the lines of WoW with monthly fees of $10+ would make more from a consistent revenue perspective, but I guess loot boxes cost nothing to make and maintain unlike an actual game.
 

AznAnarchy99

Lifer
Dec 6, 2004
14,705
117
106
Any particular reason? Like their games?
I find that timing is important with video game stocks. They tend to go up before the Christmas buying season and before they release a new blockbuster game.

E-Sports growth in the next few years.
 

DietDrThunder

Platinum Member
Apr 6, 2001
2,262
326
126
Any particular reason? Like their games?
I find that timing is important with video game stocks. They tend to go up before the Christmas buying season and before they release a new blockbuster game.

I for one just buy stocks in companies that I buy products from, or have major parts/components in. I bought Nvida back in 2005 on the simple fact I buy video cards with their chipsets. The same with Netflix in 2007, Amazon and Apple in 2008. I haven't been much into PC gaming lately, so I guess this is why I haven't bought ATVI.

The one mistake that I purchased that worked in my favor was TaTa Motors 2005. I was going to buy TTM Technologies, Inc. (TTMI) but accidentally bought TaTa Motors by typing in TTM instead of TTMI. I didn't realize my mistake until a month after I bought that stock. Who knew they were going to buy Jaguar and Land Rover? I didn't, but this stock has done TREMENDOUSLY better than the TTMI that I was going to buy.

It would be interesting to see what everyone's portfolios are made of. Not dollar amounts or number of shares, just the ticker symbols.
 
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