***Official*** 2018 Stock Market Thread

[AznAnarchy99]

I just need to hide TCHEY from my portfolio and come back to it in a few years. The big red numbers don't help.

 

[FelixDeCat]

Meanwhile TSLA stock falls to $280, I think it may find a floor at $220.

Too bad I sold my put.

$255 premarket....

Accounting chief quits after only 30 days on the job. $220 here we come.

 

[jpiniero]

$255 premarket....

Accounting chief quits after only 30 days on the job. $220 here we come.

Oh geez, that's bad. He probably got a good look at the books and noped out of it.

 

[zinfamous]

Oh man, maybe TSLA will drop to a price where I feel comfortable picking up a few shares!

 

[dasherHampton]

10/5 200 TSLA puts are at $420 a contract. Dive in!

 

[jpiniero]

I'm not going to deny I'm taking it on the chin right now but I can afford to hold it. MU is one of the best tech companies in the world. They'll be back.

Dunno, I think they benefited greatly by the Bitcoin hysteria due to people needing DDR4 memory for their mining machines.

 

[dasherHampton]

Many institutions have come out and said the weakness in the memory market is already built into the stock. No weakness: MU over $70. And crypto helped them for sure, but it wasn't a huge part of their business.

I'm going to be fine in the long run. My basis for MU is 51. I lost a LOT of money by locking in to longer options when it went up over $60 but that's water under the bridge.

 

[dasherHampton]

I think I've decided on the 10/5 calls at 29.5 for IQ. They're at $80 a contract.

But I'm going to wait a few days to see where IQ is trending.

 

[FelixDeCat]

Holy crap .... AMD $30?!!!

Whats next? $40?

 

[s0me0nesmind1]

Holy crap .... AMD $30?!!!

Whats next? $40?

I so wish I bought more... It sucks, I'm kicking myself because I more than doubled my money, I just wish I put in more =[. I guess that's the best problem to have if I had to pick one.

 

[FelixDeCat]

I so wish I bought more... It sucks, I'm kicking myself because I more than doubled my money, I just wish I put in more =[. I guess that's the best problem to have if I had to pick one.

These days you have companies whose stock trades as "cult stocks". Performance does not necessarily matter as much as the belief that the stock price will move higher in anticipation of longer term gains. Unfortunately even cult stocks consolidate (go down) along the way to a price that would seem unimaginable today.

When AMD was in the $5-6 range, you would have had a hard time convincing me that soon it would eclipse $30. When it first hit $20, it had a hard pull back to the $15 when doubts surfaced over the latest consumer chip release. But here we are today - $30.

Will AMD surpass $50 this year or early next? Or go back to $5?

 

[zinfamous]

I think it is rather culty because the fundamentals simply aren't there to support this value, yet. It's all, "We think this is what AMD is worth if A leads to B, which then makes C happen, and then D fails to happen, which makes E, F, G suddenly become inevitable...by 2020"

I think, right now, there is a lot of wind behind the idea that AMD will be the only x86 CPU and GPU (probably pro only) @7nm on the market from late 2018 through maybe all of 2019. That's a weird thing to believe in, because there really is no solid indication that this is somehow going to mean superior performance in various categories. What it will mean, though, is that AMD will at least be more efficient in stamping out chips, most of them probably being very good, very competitive chips, so the expectation is that their margins will finally increase significantly. I read some article where some nut was expecting nVidia-like extortionate 67% margins, lol.

 

[dasherHampton]

Blech

The entire value of my market accounts is down almost 25%. That's a hefty amount. I've been making, dumb, risky moves all year. Maybe I'm losing it.

Obviously stocks like MU and WDC will recover in the long term (it may take a year+) but as I get older I'm seriously considering ending the big bets on established companies altogether and shifting to smaller investments in emerging companies like IQ and BILI.

I've been down 25% before but I was younger then. I'm losing the stomach for it.

 

[s0me0nesmind1]

Sold my TLRY @ ~$95 and now it's up to $103.

Fucking shit had an IPO of ~$20 and it just doesn't seem to stop climbing. I was hoping it would dip back to a reasonable level.

 

[woodman1999]

Blech

The entire value of my market accounts is down almost 25%. That's a hefty amount. I've been making, dumb, risky moves all year. Maybe I'm losing it.

Obviously stocks like MU and WDC will recover in the long term (it may take a year+) but as I get older I'm seriously considering ending the big bets on established companies altogether and shifting to smaller investments in emerging companies like IQ and BILI.

I've been down 25% before but I was younger then. I'm losing the stomach for it.

Not sure how old you are, but I am 38 with a family and mortgage and real expenses. Losing 25% when I was 25 was meh cause I had no important expenses at that point. Thinking of losing 25% now makes my asshole pucker. And it's not so much that I couldn't handle it, but the optics of it would make me rethink my strategy of throwing shit at a wall and seeing if it sticks a la TRXC.

 

[woodman1999]

Sold my TLRY @ ~$95 and now it's up to $103.

Fucking shit had an IPO of ~$20 and it just doesn't seem to stop climbing. I was hoping it would dip back to a reasonable level.

You just gotta delete that off your watchlist for a month after you sell. Market 20/20 will drive you insane

 

[dasherHampton]

Not sure how old you are, but I am 38 with a family and mortgage and real expenses. Losing 25% when I was 25 was meh cause I had no important expenses at that point. Thinking of losing 25% now makes my asshole pucker. And it's not so much that I couldn't handle it, but the optics of it would make me rethink my strategy of throwing shit at a wall and seeing if it sticks a la TRXC.

I'm in my late 40s.

My financial advisor turned me on to a Franklin Templeton income fund that was underperforming last year. At first it returned between $1500 and $2000 a month but lately it's been returning around $3000.

When this all shakes out I might look to double or even triple my stake in that fund if it's a good play. I don't think I'm ever going to lose my desire to invest in the market but I'm going to reduce the amounts I'm throwing around considerably.

I'll keep my EPD if it doesn't get called away. It returns a pretty safe 6%+.

 

[ImpulsE69]

So I watched that podcast with Rogan and Musk....all the stories I read were way overblown. The guy took 1 little toke and barely inhaled just to try it. He even says later he doesn't really like pot and doesn't do it. If anything he's just a bit socially awkward..maybe even a bit on the spectrum. My guess is most people only listened to the podcast and thought they were sitting there smoking the whole time.

 

[KB]

Blech

The entire value of my market accounts is down almost 25%. That's a hefty amount. I've been making, dumb, risky moves all year. Maybe I'm losing it.

Obviously stocks like MU and WDC will recover in the long term (it may take a year+) but as I get older I'm seriously considering ending the big bets on established companies altogether and shifting to smaller investments in emerging companies like IQ and BILI.

I've been down 25% before but I was younger then. I'm losing the stomach for it.

I have been watching WDC for awhile and buying in has been difficult when it just falls relentlessly. The downturn for the stock has been way overblown, falling like DRAM prices have dropped 50% and they haven't. I prefer WDC over Micron because it pays a dividend while you wait for the price to recover.

 

[dasherHampton]

Maybe WDC finally found a bottom? I'm not holding my breath yet.

 

[woodman1999]

What's the appeal for WDC? Isn't it just another hard drive manufacturer? (said out of complete ignorance and total lack of research)

 

[dasherHampton]

Here's an article from a few months ago the sums up some of the basis for optimism regarding WDC:

https://www.barrons.com/articles/wh...gain-45-despite-declining-business-1526323466

 

[KB]

What's the appeal for WDC? Isn't it just another hard drive manufacturer? (said out of complete ignorance and total lack of research)

WD makes SSDs too. People forget that. Plus people and the cloud keep using more data not less. I was hoping it would hit 50, I hope I dont miss out.

 

[FelixDeCat]

AMD $33 from 30
IQ $30.99 from 26
AAPL $226 from 218
TSLA $292 from 275

..all this week...

 

[dasherHampton]

And BILI up to almost $14.

Maybe I should have just bought the stock outright.