The stock market

[Vanimal46]

Haven't had time to dig into this story yet, but SEC is suing Elon Musk?

[Vanimal46]

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...

Tilray up $16 in the last day.... Ugh.

[Vanimal46]

Musk would have received a slap on the wrist not admitting guilt, pay fines, step down as chairman, and hire 2 new directors but he backs out. He can't get out of his own way right now.

[LaBombo]

 

What do people think about the cannabis stock Aurora?

 

Several fund managers are high on it.

[ashbury]

Several fund managers are high on it.

Ha Ha! Is funny, because I am high right now!

 

[gunnarthor]

ROKU is taking a hit, down into the 50s. Anyone have any insight on it? We kicked the tires on it a few months ago but passed and saw it jump. Might jump in now.

[Badsmerf]

Tech stocks in general were beat up today. I might wait to see what att and time Warner release... Their platform could steal all the thunder from roku.

[Mike Sixel]

I can't speak for anyone else....but my retirement plan money (a real, but not too large percent of my accounts) I play with saw a correction the last two weeks. Like, a real correction......

 

I sold a LOT of stock recently, because we just agreed to buy a house. Glad I did that before this mini correction (or whatever) started......

 

I think a ton of stocks I love are on sale right now, but I need all my cash for the house and the remodeling....

Edited October 10, 2018 by Mike Sixel

[Mike Sixel]

POTUS says this is the market correction we've been waiting for......

[glunn]

 

I can't speak for anyone else....but my retirement plan money (a real, but not too large percent of my accounts) I play with saw a correction the last two weeks. Like, a real correction......

 

I sold a LOT of stock recently, because we just agreed to buy a house. Glad I did that before this mini correction (or whatever) started......

 

I think a ton of stocks I love are on sale right now, but I need all my cash for the house and the remodeling....

I was trimming and hedging, but not enough. 

 

If you had the cash, what stock would you buy first and when? 

[Badsmerf]

I like jpm right now. They are due to report earnings soon, and with higher interest rates, with raises expected, they might be a good bet.

[Mike Sixel]

 

I was trimming and hedging, but not enough. 

 

If you had the cash, what stock would you buy first and when? 

 

NVIDIA seems like it has really dropped a lot, but that might just be me looking at the wrong times. Basically, for times like this, you should have a list of 15 stocks you really like, and buy more when you want.

 

I'm also going to start investigating marijuana stocks .....but I don't have any idea on those yet.

[Mike Sixel]

Don't look at your stocks if you don't like price drops!

 

But, if you have cash....NVIDIA is nearing its 52 week low (ouch for me!). Lots of great companies on sale this week!

 

The market goes up, and it goes down, but over the history of the market, it goes up over long periods of time.......regardless of the ups and downs in any given day/week/month/year.

 

Lots of good companies on sale right now.

 

PS, glad I sold a few weeks ago to get enough money for a down payment and remodeling! I sold about 30% of my assets near peak. Lucky me.

[gunnarthor]

I'm not recommending anything but here's an article about some nice dividend stocks to own. 

 

https://finance.yahoo.com/news/9-best-dividend-stocks-buy-202745921.html

 

A few of them I do own and a few others are obvious "safe" stocks. Some are a bit riskier.

[gunnarthor]

Decided to grab ROKU on it's drop today. Made two purchases at 50 and 47 so I imagine it'll get to 20 fairly soon.

[glunn]

 

Decided to grab ROKU on it's drop today. Made two purchases at 50 and 47 so I imagine it'll get to 20 fairly soon.

Hopefully it plays out in the long run, but there is lots of well funded competition.

[Brock Beauchamp]

Hopefully it plays out in the long run, but there is lots of well funded competition.

I think Roku will get squeezed a little by the competition over time but they should do okay for themselves.

 

They’re the only company pushing hard to win on a few fronts: price, integration into TV sets, and high quality interfaces. Apple doesn’t compete on price, Google doesn’t compete on integration (and Google’s strategy is so scattershot that they hurt themselves constantly), and the game consoles are too bloody expensive for most people.

 

Roku’s overall market overhead is probably a bit limited because of the competition but I think they continue to be a leader in the market for quite some time.

[gunnarthor]

 

I think Roku will get squeezed a little by the competition over time but they should do okay for themselves.

They’re the only company pushing hard to win on a few fronts: price, integration into TV sets, and high quality interfaces. Apple doesn’t compete on price, Google doesn’t compete on integration (and Google’s strategy is so scattershot that they hurt themselves constantly), and the game consoles are too bloody expensive for most people.

Roku’s overall market overhead is probably a bit limited because of the competition but I think they continue to be a leader in the market for quite some time.

ROKU isn't our normal buy. Usually we buy a stock or fund and plan on holding it for decades. I don't plan on holding ROKU that long but I saw the price drop and thought it was a good value. Naturally, I should have waited a week.

[Brock Beauchamp]

 

ROKU isn't our normal buy. Usually we buy a stock or fund and plan on holding it for decades. I don't plan on holding ROKU that long but I saw the price drop and thought it was a good value. Naturally, I should have waited a week.

As far as tech goes, I think they're a pretty safe bet for awhile.

 

My biggest problem with anything in the market right now is that I think the economy is due for stagnation or even contraction, which is going to pinch a bunch of tech stocks because they're:

 

1. Primarily consumer-driven, which means a downturn hits them hard as consumers cut spending harder and faster than business

 

2. Most tech stocks are massively overvalued based on a hopeful market that profits will someday catch up with valuation, a tall order if sales plateau or even decline

[Badsmerf]

As far as tech goes, I think they're a pretty safe bet for awhile.

 

My biggest problem with anything in the market right now is that I think the economy is due for stagnation or even contraction, which is going to pinch a bunch of tech stocks because they're:

 

1. Primarily consumer-driven, which means a downturn hits them hard as consumers cut spending harder and faster than business

 

2. Most tech stocks are massively overvalued based on a hopeful market that profits will someday catch up with valuation, a tall order if sales plateau or even decline

Contraction is inevitable. It is just a matter of when and how long it lasts. The housing market is already slowing way down. Combine this with stagnant wages and millennials not able to afford houses. The writing is on the wall. The economy is good now, but part of the strength is a short term boost from the tax cuts. This will not have a lasting impact. By this time next year the economy could be in a very different place. I'm considering changing my 401k to a less aggressive plan in anticipation, just not ready to pull the trigger yet.

[Vanimal46]

Thoughts on Facebook? They hit their lowest stock price since January 2017 today.

[ashbury]

Thoughts on Facebook? They hit their lowest stock price since January 2017 today.

In the short run, it could either go lower or else bounce back up. Over the long haul, the reverse is true.

[gunnarthor]

 

Thoughts on Facebook? They hit their lowest stock price since January 2017 today.

I'd stay away. There's so much smoke with them right now that there is probably a better option. 

 

* I'm not an expert and have made very bad stock buys.

[Brock Beauchamp]

 

Thoughts on Facebook? They hit their lowest stock price since January 2017 today.

I wouldn't buy any tech right now but I think Facebook's long-term outlook is still very strong. They're the one social media company that understands how to make money.

 

And I see them remaining the sole powerhouse in that market. I don't see how any one could lure people away from their platform in large numbers, it's simply too comprehensive at this point.

[Vanimal46]

I wouldn't buy any tech right now but I think Facebook's long-term outlook is still very strong. They're the one social media company that understands how to make money.

 

And I see them remaining the sole powerhouse in that market. I don't see how any one could lure people away from their platform in large numbers, it's simply too comprehensive at this point.

Yeah I agree they are the powerhouse that won't go away. There's value in having your FB credentials integrate with tons of apps. Saves me the time from signing up and trying to remember what my login/password is for Candy Crush and stuff like that.

[Brock Beauchamp]

Damn, I knew the market had been crapping all over itself recently but I didn't realize how much it had fallen, particularly in the sector I was heavily invested (tech).

 

I sold my stock in July of 2017. If I wanted to repurchase, I could buy back into most of my stocks for lower than I the price I sold.

[glunn]

I bought this by selling a put at $165 that was taken out, then I hedged by selling covered calls. Despite the options hedges, I am way down at the current price.

 

I am still bullish on FB in the long term. With over 2 billion active users they have a good base to grow profits over time. 

[Badsmerf]

Should have changed my 401k to a less aggressive plan 2 weeks ago when I wanted to.... Hoping for a late year rally now.

 

Recession of 2019 looms over us...

[Mike Sixel]

It hurts that when I sold off to buy a house I didn't sell all the NVIDIA. A lot.....oh well. As long as I don't need the money, it will bounce back most likely, over a long time....

[gunnarthor]

 

It hurts that when I sold off to buy a house I didn't sell all the NVIDIA. A lot.....oh well. As long as I don't need the money, it will bounce back most likely, over a long time....

Yeah, that's the main thing, it'll come back. SHOP was pretty high (160ish, I think) but I didn't sell and now it's plummeted. I'm more upset that I invested in the market a week too early.