The stock market

[gunnarthor]

GM had a rough day and blamed it on the trade war Trump's making. Might be worth watching the stock a bit and see if it'll fall more and buy relatively low. Nice dividend stock, too. Not sure I really want GM in my portfolio.

[Mike Sixel]

 

GM had a rough day and blamed it on the trade war Trump's making. Might be worth watching the stock a bit and see if it'll fall more and buy relatively low. Nice dividend stock, too. Not sure I really want GM in my portfolio.

 

I sold it off after the big bump recently. It isn't my style stock, really. But yes, if they drop enough, they can be a good short term play (or boring, dividend, play).

 

shopify....new relic....nvidia.....okta.....activision....not that I'm offering advice, I'm just listing random (ha) stocks....

[gunnarthor]

 

I sold it off after the big bump recently. It isn't my style stock, really. But yes, if they drop enough, they can be a good short term play (or boring, dividend, play).

 

shopify....new relic....nvidia.....okta.....activision....not that I'm offering advice, I'm just listing random (ha) stocks....

shopify was a nice stock that I'm pretty sure I bought on advice from some guy on a baseball message board. I've made 15k on that one. I almost bought nvidia for my IRA but bought T instead. That was a big mistake. (Adobe has been on a heck of a run the last few years as well). 

 

My wife and I have a nice pile of cash right now so we're starting to look again at stocks and funds to buy but we might hold for a bit. I'm still considering TESLA but probably won't. Big oil stocks might be worth buying if you're ok with owning oil. 

[Vanimal46]

Tesla may be a disrupter one day, but I can't see Elon Musk being the one to lead them that way...

 

He's gone off the rails since his breakup with Amber Heard.

[Vanimal46]

I had an interesting conversation with a co-worker relating to Tesla, and evolved to a general investment strategy...

 

Is it wise to invest in an organization where the CEO is the brand? I'm not so sure these days.... Papa John's is toast now that Papa John was discovered to be a racist. When people think Tesla, they think Elon Musk, who has his fair share of issues as well. If the CEO has dirt brought up from his past or present, people can't separate the brand from the CEO.

[Badsmerf]

Musk just loves being the center of attention. Tesla the company has issues, musk keeps the focus off their business issues. They are so far ahead everyone right now, and known for electric vehicles. The product is pretty good, they just need to increase production efficiency. That is a better problem than the other way around.

[Brock Beauchamp]

I sold off my stocks last year but the one I wanted to hold on to was Square because I saw huge growth coming. As it turned out, I needed that last $4-5k to finish off the mortgage so I sold that as well.

 

Damn. My original investment would now be at x7 in 24-28 months (can't remember exactly when I purchased but I got it at rock bottom not long after the IPO, something like $10-11/share).

 

I mean, I still sold at x3 my investment, but damn... x7 is huge.

[Badsmerf]

I sold off my stocks last year but the one I wanted to hold on to was Square because I saw huge growth coming. As it turned out, I needed that last $4-5k to finish off the mortgage so I sold that as well.

 

Damn. My original investment would now be at x7 in 24-28 months (can't remember exactly when I purchased but I got it at rock bottom not long after the IPO, something like $10-11/share).

 

I mean, I still sold at x3 my investment, but damn... x7 is huge.

When did it go public? I saw that one coming the first time I saw a device using it. Another 10 years and I might have my student loans paid off.

[Brock Beauchamp]

 

When did it go public? I saw that one coming the first time I saw a device using it. Another 10 years and I might have my student loans paid off.

It went public in 2015, maybe? Possibly even early 2016. I can't remember now.

[Mike Sixel]

 

I had an interesting conversation with a co-worker relating to Tesla, and evolved to a general investment strategy...

Is it wise to invest in an organization where the CEO is the brand? I'm not so sure these days.... Papa John's is toast now that Papa John was discovered to be a racist. When people think Tesla, they think Elon Musk, who has his fair share of issues as well. If the CEO has dirt brought up from his past or present, people can't separate the brand from the CEO.

 

A great CEO is key for disrupters and smaller/newer companies especially. But, being the public face is different than that.....

 

Clearly it is increases the risk some, but I don't know if Papa John's is being hurt or not with their CEO leaving. Musk leaving? Won't likely be good for Tesla......OTOH, while Apple is a different place now that Jobs is gone, it's still running ....

[Vanimal46]

A great CEO is key for disrupters and smaller/newer companies especially. But, being the public face is different than that.....

 

Clearly it is increases the risk some, but I don't know if Papa John's is being hurt or not with their CEO leaving. Musk leaving? Won't likely be good for Tesla......OTOH, while Apple is a different place now that Jobs is gone, it's still running ....

Re: Papa John's

 

This is going to get ugly before it gets better for them.

 

https://money.cnn.com/2018/07/26/news/companies/papa-johns-lawsuit-john-schnatter/index.html

 

I wonder if they'll have to change the name and re-brand themselves after this mess.

[Badsmerf]

Damn, roku had a nice Thursday... Up 18%, and could go higher. Missed that one going public September of last year too...

[gunnarthor]

Shopify making money off of Canada's pot sales.

 

https://finance.yahoo.com/news/introducing-newest-marijuana-stock-shopify-122100578.html

 

 

[Mike Sixel]

The market is certainly a roller coaster this year....not for people that look every day and worry a lot.....

 

OTOH, a good opportunity to buy on the downside, and sell on the up (in your retirement account, with just a little of it) as a way to entertain yourself, and remind yourself not to be a day trader......It's mostly worked for me, but not as well as I'd hoped.

[ashbury]

OTOH, a good opportunity to buy on the downside, and sell on the up (in your retirement account, with just a little of it) as a way to entertain yourself, and remind yourself not to be a day trader......It's mostly worked for me, but not as well as I'd hoped.

Like a lot of strategies, it works, until one day it doesn't. You have to somehow know whether you're betting against the smart money, or the other kind, when being a contrarian.

[Mike Sixel]

 

Like a lot of strategies, it works, until one day it doesn't. You have to somehow know whether you're betting against the smart money, or the other kind, when being a contrarian.

 

Sort of. 

 

1. I do not recommend day trading.

2. If you love a set of companies, and they drop for no good reason (the whole market drops, random whatever noise).....why would you not buy more at that point?

3. Like I said, I do this with a tiny portion of my retirement account....I buy on drops, and sell on rises. Over and over on the same stocks that I would buy and hold anyway. So far, it's been better than buy and hold, but I'd never do it with anywhere near a big percent of my accounts.

[Mike Sixel]

when you have a strategy.....you should take your 5-7% and not get greedy.....not that I'm worried I won't recover the losses, but still....stupid mike.

[Vanimal46]

Banking on the rise...

[glunn]

 

Banking on the rise...

Be fearful when others are greedy.

[Mike Sixel]

 

Be fearful when others are greedy.

 

I have read that before.....but when Amazon was "too hot" about 1000% ago, people were very wrong. Buy the best companies, with niches and moats, and make money......no matter how "over priced" they may appear. IMO, of course, this is not actual financial advice....

[Vanimal46]

I have read that before.....but when Amazon was "too hot" about 1000% ago, people were very wrong. Buy the best companies, with niches and moats, and make money......no matter how "over priced" they may appear. IMO, of course, this is not actual financial advice....

Also, fear doesn't make money. There's some value bets to be made in the market right now... Looks like banking is one of them.

 

I'm also keeping a close eye on the marijuana industry. Tilray's stock is plummeting this week and it could be a good value play given that Canada is legalizing marijuana on Oct. 17.

[jimmer]

If people bought just 100 shares of Tilray on July 19 at $17 a share, those shares would have been worth like 30K yesterday when it hit $300. And then today it's at 130. Still a great return.

 

Canopy Growth is probably a better long term bet and sits around 50 a share right now.

 

What do people think about the cannabis stock Aurora?

Edited September 21, 2018 by jimmer

[Vanimal46]

If people bought just 100 shares of Tilray on July 19 at $17 a share, those shares would have been worth like 30K yesterday when it hit $300. And then today it's at 130. Still a great return.

 

Canopy Growth is probably a better long term bet and sits around 50 a share right now.

 

What do people think about the cannabis stock Aurora?

Extremely interested in Aurora. Especially if there's any truth behind their potential partnership with Coca Cola to make a cannibas drink.

 

I'm wondering where they'll open at when they make stocks available in the US.

[jimmer]

Extremely interested in Aurora. Especially if there's any truth behind their potential partnership with Coca Cola to make a cannibas drink.

 

I'm wondering where they'll open at when they make stocks available in the US.

I am waiting for it. Probably invest 5k when they open.

[glunn]

I am very wary about investing in something that people can easily grow in their back yards (and closets) for next to nothing. I am looking for a way to short this sector, but may go long on KO.

[Vanimal46]

I am very wary about investing in something that people can easily grow in their back yards (and closets) for next to nothing. I am looking for a way to short this sector, but may go long on KO.

The cannabis industry is well beyond growing low grade stuff in their closet and smoking it... They're becoming consumer products for its psychoactive effects, or medicinal effects.

 

Heck, in your own state you can buy non-alcoholic weed infused drinks!

 

https://www.businessinsider.com/heineken-marijuana-beer-taste-photos-lagunitas-2018-

Edited September 22, 2018 by Vanimal46

[glunn]

 

The cannabis industry is well beyond growing low grade stuff in their closet and smoking it... They're becoming consumer products for its psychoactive effects, or medicinal effects.

Heck, in your own state you can buy non-alcoholic weed infused drinks!

https://www.businessinsider.com/heineken-marijuana-beer-taste-photos-lagunitas-2018-

This is a WEED. In a place with good weather (or indoors with some expertise) it's easy to grow very strong marijuana. I know people who have done so with very little effort.

 

I agree with you about potential for companies that can turn the plant material into beverages, edibles and drugs. I am considering a position in KO for that reason.

[Badsmerf]

This is a WEED. In a place with good weather (or indoors with some expertise) it's easy to grow very strong marijuana. I know people who have done so with very little effort.

 

I agree with you about potential for companies that can turn the plant material into beverages, edibles and drugs. I am considering a position in KO for that reason.

Little effort? I strongly disagree with that. The people that are successful are very smart, put a lot of effort into it, and grow barely enough for to distribute you to a few people. There are large operations, but those aren't as common.

 

The industry is evolving and becoming very technical. The percent of thc, cbd, flavors etc. This isn't a simple industry.

[glunn]

 

Little effort? I strongly disagree with that. The people that are successful are very smart, put a lot of effort into it, and grow barely enough for to distribute you to a few people. There are large operations, but those aren't as common.

The industry is evolving and becoming very technical. The percent of thc, cbd, flavors etc. This isn't a simple industry.

I was referring to non-professionals who grow for their own use and to give away to friends.

[Mike Sixel]

Motley Fool has one of their advice/sales calls on Wednesday talking about marijuana companies. I  think they believe lots of money is there, lots. I'll let you know...