The Official Stock Market Thread - Page 38

finfangfan · 02-11-2021, 08:06 PM

Quote:

Originally Posted by JMarchand1981

The earnings were ok. That conference call is no longer about the money. It's about the Disney Plus subscribers. Those are some fake subscription numbers though. Many of those are "paid" by another company like a cell phone company. Disney calls them paid subscribers because they are. What they do not disclose is that it is just an additive to another purchase.

That said, you know my feelings on DIS. My daughter is six. She will own it until I die.

If bundling is “fake subscription numbers” then you can’t point to ANY streaming service that doesn’t have “fake” subscription numbers... even Netflix

https://techcrunch.com/2018/04/13/co...subscriptions/

StraWMyerS · 02-11-2021, 08:53 PM

Anybody have thoughts on the DKNG outlook for the next several weeks? I was expecting a pullback after the Super Bowl but imagine a lot of green days ahead this year. Question is, when does it get rolling again?

carlo16 · 02-11-2021, 09:13 PM

Quote:

Originally Posted by StraWMyerS

Anybody have thoughts on the DKNG outlook for the next several weeks? I was expecting a pullback after the Super Bowl but imagine a lot of green days ahead this year. Question is, when does it get rolling again?

After a 5% drop today, it’s still up 20% over the last 60 days. How much roll are you looking for?

StraWMyerS · 02-11-2021, 10:17 PM

Quote:

Originally Posted by carlo16

After a 5% drop today, it’s still up 20% over the last 60 days. How much roll are you looking for?

I can't imagine it will trade sideways very long in a market sector that is growing so rapidly. Most of the gains to date have just been a recovery from being oversold on Covid concerns during the NFL season.

33GHill · 02-11-2021, 10:55 PM

Quote:

Originally Posted by StraWMyerS

Anybody have thoughts on the DKNG outlook for the next several weeks? I was expecting a pullback after the Super Bowl but imagine a lot of green days ahead this year. Question is, when does it get rolling again?

I’m long on DKNG so hopefully in the next 5-10 it becomes even more popular.

Josh611 · 02-11-2021, 11:46 PM

Quote:

Originally Posted by StraWMyerS

Anybody have thoughts on the DKNG outlook for the next several weeks? I was expecting a pullback after the Super Bowl but imagine a lot of green days ahead this year. Question is, when does it get rolling again?

Definitely a high valuation on it. The ARK fund has bought it 3 separate times in the last week and a half. Definitely got a boost from that but still like this one for the long hall.

Also own PENN. I think both of these will be winners in the space. My DKNG position is 5.5x bigger than PENN for what it’s worth. Actually bought PENN today.

This is a bet on Portnoy than anything.

carlo16 · 02-12-2021, 06:46 AM

Quote:

Originally Posted by StraWMyerS

I can't imagine it will trade sideways very long in a market sector that is growing so rapidly. Most of the gains to date have just been a recovery from being oversold on Covid concerns during the NFL season.

The gains still happened though. Rapidly growing sector but in a market with a good amount of uncertainty about regulation, competition, etc. I guess to answer your question, it’s been rolling just fine. Gonna be ups and downs like anything(aapl was a dog for years) but this is a stock that should beat the market for years to come.

ninjacookies · 02-12-2021, 10:31 PM

Quote:

Originally Posted by mrmike79

I'm new to all this too but I do have shares of RIOT and MARA which have been doing well for me. Coming from the crypto side of things, you might like the ties they have.

Looking in...thanks!

Quote:

Originally Posted by JMarchand1981

After hours are where the retail investor can capitalize. The pros go home for the day.

Haha...noted.

Super32 · 02-16-2021, 09:24 AM

Bump for a Green Day!

cnewby · 02-16-2021, 11:46 AM

Quote:

Originally Posted by Super32

Bump for a Green Day!

tks for the jinx.

ksemmel · 02-16-2021, 12:44 PM

Quote:

Originally Posted by Super32

Bump for a Green Day!

Yea, unless I am color blind I don't see a shade of green anywhere

Josh611 · 02-16-2021, 12:58 PM

Quote:

Originally Posted by ksemmel

Yea, unless I am color blind I don't see a shade of green anywhere

There’s some green, but this is a perfect day to buy the dip IMO.

Dipped my toes into FUBO, NNDM, and MGNI today.

Cavaliercards · 02-16-2021, 12:59 PM

Quote:

Originally Posted by ksemmel

Yea, unless I am color blind I don't see a shade of green anywhere

There is a smattering of it.

xbignick · 02-16-2021, 01:52 PM

Hopefully some people jumped on my CCIV mention in the last thread when we were talking about SPACs, halted twice on way up now.

I cleared all my positions and that was one of them when I did, oof.

Viking6 · 02-16-2021, 02:26 PM

Quote:

Originally Posted by xbignick

Hopefully some people jumped on my CCIV mention in the last thread when we were talking about SPACs, halted twice on way up now.

I cleared all my positions and that was one of them when I did, oof.

I tossed a couple hundred at it back when you mentioned it. Now up 265% in a month.

Never expected it to jump so quick.

Josh611 · 02-16-2021, 07:40 PM

Quote:

Originally Posted by JMarchand1981

I'm glad you made some money here, but I have to disagree. It might not run but like it had but it's going to jog. It's a sub-4 p/e.

Yep you were right.

JMarchand1981 · 02-16-2021, 08:29 PM

Quote:

Originally Posted by Josh611

Yep you were right.

It could still go in either direction. I added more on Thursday or Friday.

Josh611 · 02-16-2021, 09:23 PM

Bought CBAT at $7.86 today. Pure technical trade.

Didn’t even realize QS had earnings this afternoon and they ended up announcing expansions which caused the stock to jump along with CBAT since they are both in the lithium ion battery space.

awz50 · 02-17-2021, 01:04 AM

Quote:

Originally Posted by xbignick

Hopefully some people jumped on my CCIV mention in the last thread when we were talking about SPACs, halted twice on way up now.

I cleared all my positions and that was one of them when I did, oof.

I sold all mine at around 27 oof....

Josh611 · 02-17-2021, 08:18 AM

Quote:

Originally Posted by Josh611

Bought CBAT at $7.86 today. Pure technical trade.

Didn’t even realize QS had earnings this afternoon and they ended up announcing expansions which caused the stock to jump along with CBAT since they are both in the lithium ion battery space.

And sold half $8.95

Well that was a lovely overnight swing.

RBKSNIPZ · 02-17-2021, 11:36 AM

Have a load of buying power but not sure what to buy. Have a feeling the sea of red could last a bit until the stimmy is approved? So hard trying to time the market since all we’ve done is go up for a year straight.

Edit: Recently sold all of my positions including a #@#@#@#@ load of DraftKings I was in since summer. Might be going the ETF route with BETZ for gambling.

carlo16 · 02-17-2021, 12:15 PM

Quote:

Originally Posted by RBKSNIPZ

Have a load of buying power but not sure what to buy. Have a feeling the sea of red could last a bit until the stimmy is approved? So hard trying to time the market since all we’ve done is go up for a year straight.

Edit: Recently sold all of my positions including a #@#@#@#@ load of DraftKings I was in since summer. Might be going the ETF route with BETZ for gambling.

Timing the market is pretty much impossible. But if you think we'll be red until stimulus then you can time your entry to the stimulus vote.

33GHill · 02-17-2021, 12:21 PM

Quote:

Originally Posted by RBKSNIPZ

Have a load of buying power but not sure what to buy. Have a feeling the sea of red could last a bit until the stimmy is approved? So hard trying to time the market since all we’ve done is go up for a year straight.

Edit: Recently sold all of my positions including a #@#@#@#@ load of DraftKings I was in since summer. Might be going the ETF route with BETZ for gambling.

Just dollar cost average, on significant down days just add a little here and there. Since they cut fees that's what I've been doing.

jeg2315 · 02-17-2021, 04:36 PM

More choppiness today as expected. Big boys burning monthly options this week.

Got into my first penny in a while - MSN. Solid earnings last quarter, playing for an earnings report spike.

Pacmeyer · 02-17-2021, 06:25 PM

The Redditor who made $48 mil pumping GME while others lost their shirts now slapped with class action suit.

Not exactly a surprise.

02-16-2021, 01:52 PM	#939
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,309 xxbignick	Hopefully some people jumped on my CCIV mention in the last thread when we were talking about SPACs, halted twice on way up now. I cleared all my positions and that was one of them when I did, oof. __________________ @xxbignick on twitter

02-16-2021, 09:23 PM	#943
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 10,060	Bought CBAT at $7.86 today. Pure technical trade. Didn’t even realize QS had earnings this afternoon and they ended up announcing expansions which caused the stock to jump along with CBAT since they are both in the lithium ion battery space. __________________

02-17-2021, 11:36 AM	#946
RBKSNIPZ Member Join Date: Jul 2011 Location: NY Posts: 3,950	Have a load of buying power but not sure what to buy. Have a feeling the sea of red could last a bit until the stimmy is approved? So hard trying to time the market since all we’ve done is go up for a year straight. Edit: Recently sold all of my positions including a #@#@#@#@ load of DraftKings I was in since summer. Might be going the ETF route with BETZ for gambling. Last edited by RBKSNIPZ; 02-17-2021 at 11:41 AM.

02-11-2021, 08:53 PM	#927
StraWMyerS Member Join Date: Jun 2012 Location: Clifton Park, NY Posts: 3,144 jnrmint511	Anybody have thoughts on the DKNG outlook for the next several weeks? I was expecting a pullback after the Super Bowl but imagine a lot of green days ahead this year. Question is, when does it get rolling again?

02-16-2021, 09:24 AM	#934
Super32 Member Join Date: Oct 2007 Location: NC Posts: 700 NCWrestler	Bump for a Green Day!

02-17-2021, 04:36 PM	#949
jeg2315 Member Join Date: Jan 2008 Location: Bay Area, CA Posts: 2,399	More choppiness today as expected. Big boys burning monthly options this week. Got into my first penny in a while - MSN. Solid earnings last quarter, playing for an earnings report spike.

02-17-2021, 06:25 PM	#950
Pacmeyer Member Join Date: Jun 2020 Location: All over Posts: 4,206	The Redditor who made $48 mil pumping GME while others lost their shirts now slapped with class action suit. Not exactly a surprise.