1. #7141
    Snowball
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  2. #7142
    HockeyRocks
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    Docusign up 55.50, 24.88%. What a day...

  3. #7143
    milwaukee mike
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    Quote Originally Posted by Mac4Lyfe View Post
    Zoom is much easier to use with less issues than Skype, webex and MS teams. I use them all and zoom rarely has audio or video issues across platforms. I like MS teams the best but zoom is easy.

    Zoom is trying to get into hardware, which I think is a mistake. They also want to create some type of long distance international service? Plus cloud service. They will have to grow to survive competition but not sure they can make money in other areas.

    Betamax was clearly better but died a slow death.
    but then sony got their revenge with blu-ray when hd-dvd was at least as good of a product

  4. #7144
    trobin31
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    Have call options on DocuSign @231 this week, Looking like a 5 figure profit and earnings hasnít even gone off yet. only Zoom made it look like a piss ant. Studied a little tonight, time to cycle back into travel and beaten down stocks, airlines, Spirit, Delta look good. Cruislines.... Carnival, Royal Caribbean. I'm using my webull account to swing trade and taking some profits on tech names. Should start to see the big hedge funds take profit and cycle into losers.

  5. #7145
    trobin31
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    Should be interesting to see how far Tesla pulls back off the offering plan in conjunction with rotations. I havenít seemed to time Tesla lately as itís running on retard strength like many stocks these days. In the end, itís always best just to buy Tesla and not worry about the price if you donít care about the short term. If Iíd sold Tesla every time a monkey said it was overextended Iíd have a quarter the size of my account. This offering could present a good opportunity for a Tesla pullback which is something we need before the battery and S&P

  6. #7146
    chico2663
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    Yes I should of sold alll. Down 21 a share today and climbing.

  7. #7147
    Mac4Lyfe
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    Quote Originally Posted by chico2663 View Post
    Yes I should of sold alll. Down 21 a share today and climbing.
    Don’t panic. The market must have down days in order to have up days. I don’t think we’ll see a huge down swing before the election.

  8. #7148
    Snowball
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    It has finally diverged from market strength. Tech is done for the year.

    S&P 500
    3,548.96
    +22.31(+0.63%)

    Dow 30
    28,847.34
    +201.68(+0.70%)

    Nasdaq
    11,925.62
    -14.05(-0.12%)

  9. #7149
    Iona
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  10. #7150
    Iona
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  11. #7151
    chico2663
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    Quote Originally Posted by Mac4Lyfe View Post
    Don’t panic. The market must have down days in order to have up days. I don’t think we’ll see a huge down swing before the election.
    Read an article that says they are selling some shares to get in Nasdaq. The don t want to show that the stock is jumpy.

  12. #7152
    trobin31
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    Quote Originally Posted by Snowball View Post
    It has finally diverged from market strength. Tech is done for the year.

    S&P 500
    3,548.96
    +22.31(+0.63%)

    Dow 30
    28,847.34
    +201.68(+0.70%)

    Nasdaq
    11,925.62
    -14.05(-0.12%)
    Too soon. I wouldnít underestimate how much more they can stretch this out. They would be leaving trillions of dollars off the table by crashing it now. First they need the vaccine, which it looks like theyíll be getting their unproven vaccine for election purposes by October, then everyone will need to feel its comfortable and safe, my guess is next spring, but once Joe and Peggy put their retirement savings back in the market, then they will crash it. Old man Joe could win, sure, it could scare the market down some, but I think the best play they have is getting everyoneís life savings back in the market, and, they get the joy of taking the new retail investors who FOMOíd at ATH down with them.

  13. #7153
    trobin31
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    Iíll go out on a limb and say nasdaq to 15,000 end of year

  14. #7154
    chico2663
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    Quote Originally Posted by trobin31 View Post
    Too soon. I wouldn’t underestimate how much more they can stretch this out. They would be leaving trillions of dollars off the table by crashing it now. First they need the vaccine, which it looks like they’ll be getting their unproven vaccine for election purposes by October, then everyone will need to feel its comfortable and safe, my guess is next spring, but once Joe and Peggy put their retirement savings back in the market, then they will crash it. Old man Joe could win, sure, it could scare the market down some, but I think the best play they have is getting everyone’s life savings back in the market, and, they get the joy of taking the new retail investors who FOMO’d at ATH down with them.
    You are acting like they want to tank.it will tank as soon as trump realizes he will lose.(if that will ever happen). When that happens those nasty c.l.o. S will come due.

  15. #7155
    d2bets
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    Quote Originally Posted by trobin31 View Post
    I’ll go out on a limb and say nasdaq to 15,000 end of year
    Why not 50,000? What the hell.

  16. #7156
    trobin31
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    Quote Originally Posted by d2bets View Post
    Why not 50,000? What the hell.
    Well, if it continues to climb at current pace, how much will it be? Add to it possible stimulus money, increased covid cases...how many catalyst do you need?

  17. #7157
    trobin31
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    I might not have a degree in economics but I know the worldís wealthiest people only get more wealthy during these times and itís funny and cute if you think they wonít position themselves to take your parents life savings
    appears to me the indexes double during bubbles or close to it from previous highs, if we are looking at the Dow my guess would be an insane run up to 40k, S&P +5k, nasdaq to 15k, then poof, see you in 2024-2026 until you can recuperate.

  18. #7158
    d2bets
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    Easy come easy go?
    How far does this unwind?

  19. #7159
    chico2663
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    Quote Originally Posted by trobin31 View Post
    I might not have a degree in economics but I know the world’s wealthiest people only get more wealthy during these times and it’s funny and cute if you think they won’t position themselves to take your parents life savings
    appears to me the indexes double during bubbles or close to it from previous highs, if we are looking at the Dow my guess would be an insane run up to 40k, S&P +5k, nasdaq to 15k, then poof, see you in 2024-2026 until you can recuperate.
    Mi tio always owes between 250,000 to 500,000 a yr. he got back 800,000 the yr the tax went into effect. I became persona non grata as soon as he stated this to me. My mistake Was Saying I bet all the whores in Colombia South America will be happy within earshot of him.

  20. #7160
    chico2663
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    Tsla down 90 a share in 2 days.aapl is down about 40.

  21. #7161
    KVB
    It's not what they bring...
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    Healthy tech pullback here, MSFT, AAPL and TESLA all become buys for longer term traders.

    With all these splits, there is some rebalnacing going on, also leading to some sell off and profit taking.

    If you're trying to be a hot shot trader, I suppose you could rotate sectors, but let's be realistic, the big guys are going to continue to draw investment, especially when more stimulus is passed.

    Banks are even starting to draw investment, with bond beating divi's to boot.

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  22. #7162
    JayLA
    On to the next one...
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    Im out; cashed everything out and not cause of weak hands.
    I made 82% return in like 2 months. I'm done. taking a break....elections not good for stocks.
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  23. #7163
    milwaukee mike
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    Quote Originally Posted by Snowball View Post
    It has finally diverged from market strength. Tech is done for the year.

    S&P 500
    3,548.96
    +22.31(+0.63%)

    Dow 30
    28,847.34
    +201.68(+0.70%)

    Nasdaq
    11,925.62
    -14.05(-0.12%)
    good call

    i respect kvb's opinions but the notion that aapl/tsla/msft are now somehow good long-term buys is downright ridiculous

    2 trillion and 40 years of earnings isn't a good entry point... show me a tech company that stayed relevant and prosperous for 40 years and i'll show you 2000 that didn't

  24. #7164
    milwaukee mike
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    ibm p/e of 14 and dividend of 5%
    intc p/e of 10 and dividend of 2.5%

    those might be good long-term buys

    msft/aapl at this point, both less than 1% dividend and p/e of 40, not so much imho

  25. #7165
    KVB
    It's not what they bring...
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    Quote Originally Posted by milwaukee mike View Post
    good call

    i respect kvb's opinions but the notion that aapl/tsla/msft are now somehow good long-term buys is downright ridiculous

    2 trillion and 40 years of earnings isn't a good entry point... show me a tech company that stayed relevant and prosperous for 40 years and i'll show you 2000 that didn't
    Many ups and downs on the way to long term and Apple and MSFT are well positioned.

    Apple continues to sit on a shitload of cash and MSFT competitive in so many areas.

    This pullback was absolutely anticipated and just a blip on AMZN, TSLA, AAPL and and MSFT charts.

    These big companies just went real high real fast, they are growth trades and we are in a pull back but they are still growth trades.

    While there is opportunity to sell here, there will be support and an eventual run back up.
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  26. #7166
    KVB
    It's not what they bring...
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    Apple hada nice bounce off it's 20 day SMA with 7-8% loss.

    I don't mind that at all, the trend for some of these companies is high enough, fast enough, that they aren't going al the way back down at once.

    I intend to accumulate shares and write covered calls on thes guys all day long.

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  27. #7167
    Snowball
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    swapped my QLD puts for CLOU puts. Cloud computer stocks are way overpriced still.
    Managers rotating out of that sector. See continuing weakness in CLOU etf. CLOU companies
    not as big names as the tech stalwarts that are more household names. I don't see it holding up
    as well as the big names. Puts are cheap for the action compared to the others.

    bought DBI calls. DBI is the largest brick & mortar shoe store. DSW is their flagship.
    Down too hard today -24% on a loss miss, but stores were closed May-June-July. (Q ended Aug 1 reported today)
    See a fast rebound here, as stores are almost ALL open now, and women are eager to shop. DBI 5 calls.

  28. #7168
    trobin31
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    I started an incremental position of 10% in MTUM and 2U

    Iím hoping for a pullback further of MTUM to 135-140 and would likely be all in on the position below 125. Tremendous etf Iíve been tracking for awhile and plan to own and never sell, DCA over the years. Dividend yield not great but it makes up for it on share growth


    2U; TWOU is an on-line education SAAS company I think is positioned well for the upcoming virtual semesters, this isnít long by any means but I think they can catch tail winds.

  29. #7169
    chico2663
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    Quote Originally Posted by milwaukee mike View Post
    ibm p/e of 14 and dividend of 5%
    intc p/e of 10 and dividend of 2.5%

    those might be good long-term buys

    msft/aapl at this point, both less than 1% dividend and p/e of 40, not so much imho
    Dude intc was 75 in 2000 and when that bubble burst it never recovered.

  30. #7170
    chico2663
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    I must be the kiss of death Kmb dropped like a rock.

  31. #7171
    d2bets
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    64 million dollar question: was this a one-day selloff and then back to bull or is this the start or a much larger correction and a very rough month or two? My guess is the latter but lord knows I've been wrong before. Thinking we see near-term pullback to that low 3200's S&P support level over the next month or two and then see if we have to retest that 3,000 level.

  32. #7172
    trobin31
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    Adding Snowflake to the ipo watchlist. Cloud data warehouse that allows integration across multiple platforms for customers. So, it can integrate Amazon, Microsoft depending on customer location. Very strong customer retention rate and yoy growth.

    So far the ipoís Iíve mentioned to keep an eye on for debut dates are:
    Palantir
    GoodRx
    Airbnb

    SPACs, I told you guys about Nikola when it was $14, SHLL when it was $15
    These are SPACs to own and accumulate while you still can:
    LCA>Golden nugget
    NFIN> Tritteras

  33. #7173
    Slurry Pumper
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    The market took quite the haircut yesterday. Gold stocks held their own and I was mildly surprised that they didn't rise on the rush to get out the door on the FANGs. If you look at the daily chart, even with a falling off the cliff yesterday, the QQQ, and SPY are back near the 20 DMA and the trend is still your friend. We'll see if we have some follow through today and increased selling. My guess is that the jobs report will be "Better than expected" and that will offer some stability at least in the short term for the markets. Then over the next week, the SPY and QQQ will climb up the breakdown candle from yesterday. So don't panic or short everything non FANG. This is probably just some profit taking and some re-adjusting. I'm going to look at the beaten up oil sector with some SLB and maybe some industrials like CAT.

    Then again if the selloff continues and accelerates we could see a banner day to be in the DXD and SQQQ. I would still expect a bounce off the jobs report today unless that is bad which we already know it won't be because it is as fake as a girl chat between Chupracabra and Kamala Harris at a hair salon.

  34. #7174
    milwaukee mike
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    Quote Originally Posted by chico2663 View Post
    Dude intc was 75 in 2000 and when that bubble burst it never recovered.
    that's absolutely what i'm saying

    paying a 40 p/e for a tech stock can end up being disastrous... buying it when it's down to 10 times earnings with a solid dividend, hard to get burned that way

    and like kvb said you can always sell covered calls and juice up that return quite a bit
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  35. #7175
    homie1975
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    Quote Originally Posted by d2bets View Post
    64 million dollar question: was this a one-day selloff and then back to bull or is this the start or a much larger correction and a very rough month or two? My guess is the latter but lord knows I've been wrong before. Thinking we see near-term pullback to that low 3200's S&P support level over the next month or two and then see if we have to retest that 3,000 level.
    Yes - You've been wrong two many times to count LOL (sorry Bud, had to razz you because you're such a Hater LOL)

    another session or two like yesterday and you can expect:

    - Stim talk to heat up again.
    - Good news on the China trade front to be released
    - J Powell to get his printer running again

    We have an election in less than 9 weeks, people. It's not scientific and it does not have to be. It's transparent.

    This is just a blip. We are going back up very soon, IMO

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