Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

**CanuckG** · 07-21-20, 10:58 AM

LCA up 7.5% and it's still cheap. See you in the 20's

**Snowball** · 07-21-20, 11:23 AM

short tech again

**trobin31** · 07-21-20, 11:32 AM

Here’s a look at Cerence technology

https://youtu.be/yncLVt61rgs

**navyblue81** · 07-21-20, 01:47 PM

I guess dropping AZN this morning for NOVN was a smart move.

**Iona** · 07-21-20, 02:15 PM

Earnings announcements before the open tomorrow:

**Slurry Pumper** · 07-21-20, 02:33 PM

OK so far this week: I drop the CAG, AZN, and DRIP. Bought some SLB, LMT. Gold has made another run so you know I bought more of that, AU (yesterday), AUY, KL, GDX, GLD. AU is actually down today 0.71 on a large gold up day of over 20 bucks, so not sure what is going on there.

Getting ready for the impeding slide for the NasDaq, gonna buy some SQQQ at 7.15 and a shyt load at 8.37 if it gets there. I hope the snowballer is right. The nasdaq has been overbought and rarely makes it back to the 20 dma before taking off again.

Getting popcorn to see how Ameritrade is doing after the close, and tomorrow's TESLA earnings.

**CanuckG** · 07-21-20, 05:25 PM

Barstool sportsbook hype is real. Their IG account posted about it. Their app should be ready for NFL Week 1. Easy $45+

**trobin31** · 07-21-20, 05:34 PM

Originally posted by trobin31

Hey Gueys

Next company I’m looking at is Cerence; CRNC

looks like it checks all the boxes from a fundamental standpoint.
innovative-> SaaS AI for Vehicles
Moat-> only company providing this service in automotives
management-> need a deeper look
margin-> cash flow/revenue increasing annually/debt isn’t horrible. But this isn’t my strong suit so any insight would be helpful?

I still have to dig deeper into financials and chart technicals but if anyone has thoughts or time, i am looking at this as a potential Twilio but for vehicles. And if so...10-100x

Originally posted by trobin31

Here’s a look at Cerence technology

https://youtu.be/yncLVt61rgs

After more digging

CEO: 30 years experience in OEM, AI and autoindustry. Vision for company is at stated, providing seamless interaction with vehicle, voice commands, ie lock doors, I’m cold, what is that building over there...without having to press a button or take our eyes off road. See video. It’s pretty cool.

financials: just refinanced their debt given low interest rates. Yoy growth, P/S 4, P/B 1, all looks good, projected revenue growth 200-400%/4 yrs.

looking at chart, 5 points over its 50 ema, and 1-3 above 20 & 10. Coming off a bearish head and shoulders resistance at 45 and 43. There’s a substantial amount of shares holding above current price.

Plan: I’m going to watch this and wait for 25% incremental entries at 38-36-33. If it gets down to 30 I would probably go all in. Long position, target $200 in 2-3 years

**navyblue81** · 07-21-20, 06:49 PM

Originally posted by CanuckG

Barstool sportsbook hype is real. Their IG account posted about it. Their app should be ready for NFL Week 1. Easy $45+

Are they tied with PENN?

May invest some in NAK tomorrow.

**Slurry Pumper** · 07-21-20, 06:55 PM

Originally posted by trobin31

..., AI and autoindustry. Vision for company is at stated, providing seamless interaction with vehicle, voice commands, ie lock doors, I’m cold, what is that building over there...without having to press a button or take our eyes off road...

Oh the horror. now the car is going to be watching me as well just like Alexa in my house. I didn't like the OnStar thing either. What if I run off the road hammered one night but nothing happens, do I need to worry about this thing keeping evidence? Yeah I can't have any witnesses to my actions. Just give me a car that drives itself and keeps its mouth or speaker shut. I can hire an illegal immigrant to do that much for me.

**trobin31** · 07-21-20, 07:16 PM

Originally posted by Slurry Pumper

Oh the horror. now the car is going to be watching me as well just like Alexa in my house. I didn't like the OnStar thing either. What if I run off the road hammered one night but nothing happens, do I need to worry about this thing keeping evidence? Yeah I can't have any witnesses to my actions. Just give me a car that drives itself and keeps its mouth or speaker shut. I can hire an illegal immigrant to do that much for me.

Dude your high. Just trying to make money/wealth to feed my family. I could care less about your paranoia...j/k. I hear ya. It’s scary...but it’s the future...if I told you 10 years ago companies could collect data on all your interests and thoughts through what you search online you’d turn away an investment? Fact is we are moving closer and closer to a near telepathic experience with technology and this is another step towards this transition. Like it or not, young people today who grew up with iPhones and Siri will be hungry for something easier, and seamless voice Interaction with devices is that future, AI is that future. Sorry dude. It’s societal evolution, I didn’t start it by being the first man to create fire.

**Slurry Pumper** · 07-21-20, 09:13 PM

Originally posted by trobin31

Dude your high. Just trying to make money/wealth to feed my family. I could care less about your paranoia...j/k. I hear ya. It’s scary...but it’s the future...if I told you 10 years ago companies could collect data on all your interests and thoughts through what you search online you’d turn away an investment? Fact is we are moving closer and closer to a near telepathic experience with technology and this is another step towards this transition. Like it or not, young people today who grew up with iPhones and Siri will be hungry for something easier, and seamless voice Interaction with devices is that future, AI is that future. Sorry dude. It’s societal evolution, I didn’t start it by being the first man to create fire.

Don't get me wrong, I'll be right there plucking down the dollars to buy shares to invest in or also to short by the way. I just can't stand the big brother aspect to everything now-a-days. I watch on the news about things that I did in high school now being made into felonies and kids being brought up on charges. Then again I never had any hot female teachers banging any students either, but that is kind of off topic. Basically I lament the fact that you will not be able to get away anymore. Good thing I still have a old car that I keep up to snuff.

**Goat Milk** · 07-21-20, 11:57 PM

Machine learning and AI will boom, and it will be the end of true learning as we know it.

Books will become obsolete b/c in 30 years no kid will be able to look at a book for more than 5 min.

ADHD cases will skyrocket

I got it all figured out

**CanuckG** · 07-22-20, 12:17 AM

Originally posted by navyblue81

Are they tied with PENN?

May invest some in NAK tomorrow.

Yes PENN owns percentage of them

**homie1975** · 07-22-20, 07:30 AM

Originally posted by trobin31

Dude your high. Just trying to make money/wealth to feed my family. I could care less about your paranoia...j/k. I hear ya. It’s scary...but it’s the future...if I told you 10 years ago companies could collect data on all your interests and thoughts through what you search online you’d turn away an investment? Fact is we are moving closer and closer to a near telepathic experience with technology and this is another step towards this transition. Like it or not, young people today who grew up with iPhones and Siri will be hungry for something easier, and seamless voice Interaction with devices is that future, AI is that future. Sorry dude. It’s societal evolution, I didn’t start it by being the first man to create fire.

This is one of the best posts I've ever read on this forum.

Well done, Mate.

**homie1975** · 07-22-20, 07:31 AM

Originally posted by Goat Milk

Machine learning and AI will boom, and it will be the end of true learning as we know it.

Books will become obsolete b/c in 30 years no kid will be able to look at a book for more than 5 min.

ADHD cases will skyrocket

I got it all figured out

Another excellent post.

**CanuckG** · 07-22-20, 09:12 AM

Days like this I wish I had more cash and wasn't so tied up in holdings. I wanna buy these dips.

**Iona** · 07-22-20, 11:24 AM

**Iona** · 07-22-20, 11:24 AM

**navyblue81** · 07-22-20, 11:31 AM

Yesterday I was up 50%. Today down 35%. Damn. My sports buys are taking a beating as is NOvN.

**KVB** · 07-22-20, 03:31 PM

Tesla with a profit of over 2 bucks a share and billions in cash. Already up 5% after market.

**trobin31** · 07-22-20, 03:35 PM

^
next stop 2K, then back to 1600, back to 2K for S&P & battery day. Then back to earth

**Slurry Pumper** · 07-22-20, 03:39 PM

Originally posted by KVB

Tesla with a profit of over 2 bucks a share and billions in cash. Already up 5% after market.

As usual with TESLA, something smells about their earnings, but what the hell go with it while they're hot. They'll get on the S&P 500 next and hit 2K for sure in short order.

**Lineman** · 07-22-20, 04:42 PM

So many good looking charts, so little money.......

If history repeats we should have a very good August.....

**Lineman** · 07-22-20, 04:44 PM

Bullish flag?

**Lineman** · 07-22-20, 05:49 PM

set up nicely, can break hard one of these days!

**d2bets** · 07-22-20, 05:50 PM

Originally posted by Lineman

set up nicely, can break hard one of these days!

Can break hard in either direction.

**chico2663** · 07-22-20, 06:23 PM

Needs to go up. Not selling my shit til sept.

**Lineman** · 07-22-20, 09:54 PM

Originally posted by d2bets

Can break hard in either direction.

Yes, there are 3 ways they can move....north, south or east...I usually like to take the path of least resistance....

**Slurry Pumper** · 07-23-20, 06:58 AM

I just love how almost all the companies are beating estimates and having better revenue flows than they expected. It is such a scam, remember they are beating estimates they themselves put out there, and the revenue they also predicted. I knew earnings would be a boost. The S&P is going to make a run at the all time high here pretty soon, I expect some short covering to push the market higher starting probably Friday afternoon, and definitely by early next week.

The dollar is collapsing which means the gold plays are starting to work. Picked up LMT at the right time early this week, good earnings, increased tensions with China doesn't hurt so a pop was in order there.

I don't know if the Nasdaq is topping out yet, give it a few more days to see if it can get above the break down candle of a week or so ago. Hell it hasn't even come back down to the 20 dma yet so that momentum is still there and that trend is still my friend until the end of course.

**navyblue81** · 07-23-20, 09:18 AM

Geez you wouldn’t know sports is returning tonight.
I’ve got all my $$$ in DKNG, PENN, LCA, and GAN right now and it’s taking a big old crap the last couple days. Tired of seeing red on my board.

**trobin31** · 07-23-20, 09:28 AM

Originally posted by navyblue81

Geez you wouldn’t know sports is returning tonight.
I’ve got all my $$$ in DKNG, PENN, LCA, and GAN right now and it’s taking a big old crap the last couple days. Tired of seeing red on my board.

Being patient. The longer the base, the larger the breakout.

**navyblue81** · 07-23-20, 09:35 AM

Originally posted by trobin31

Being patient. The longer the base, the larger the breakout.

I know. I'm just surprised it's not popping off the last couple days but I guess it's just reflecting the rest of the market.

**Madison** · 07-23-20, 10:28 AM

Originally posted by navyblue81

Geez you wouldn’t know sports is returning tonight.
I’ve got all my $$$ in DKNG, PENN, LCA, and GAN right now and it’s taking a big old crap the last couple days. Tired of seeing red on my board.

I reduced my DKNG and GAN last week. I just feel like there is to much chance of something bad happening and a proverbial banana peel BIG drop. It won't take much to drop the DKNG of the world like a rock. So, for me to much downside risk. BOL

**d2bets** · 07-23-20, 12:51 PM

The tide has turned. Lots of room to fall now. Worth being defensive here IMO.