The Official Stock Market Thread

[Josh611]

Originally Posted by xbignick

That and CMG have been on my watchlist for a couple months, sold SBUX after about a 30% gain so decided it was time to jump in one of the others. It seems they're killing the chain pizza game and I don't see anyone beneath them threatening that.

Anyone have thoughts on CMG?

Personally not for me. I’m not paying that kind of multiple for a fast food I’m not particularly a fan of. They sell burritos and trade at a higher multiple than Amazon. Yes that’s probably an ignorant statement, but it’s just the way I see it.

With that being said, they obviously have something good going for them, but at these levels I just don’t find it worth it for me.

[jeg2315]

V and MA looking like prime entries here before earnings in a few weeks.

[finfangfan]

Originally Posted by jeg2315

V and MA looking like prime entries here before earnings in a few weeks.

I added to my V yesterday. It’s been a good stock for me over the years.

[Josh611]

Originally Posted by JMarchand1981

Nxst...

Added this on the dip this morning at $107.

~8x projected 2021 earnings at that price? Not too shabby. Especially since I’m sure news viewership for Q4 of this year was extremely high given everything going on. And I really don’t see the trend changing anytime in the near future

[JMarchand1981]

Originally Posted by Josh611

Added this on the dip this morning at $107.

~8x projected 2021 earnings at that price? Not too shabby. Especially since I’m sure news viewership for Q4 of this year was extremely high given everything going on. And I really don’t see the trend changing anytime in the near future

Nxst is all about entry point. $107 is fine. I'm not a dividend guy but it'll even pay you two points to own it.

[JMarchand1981]

Originally Posted by jeg2315

V and MA looking like prime entries here before earnings in a few weeks.

They are both large holdings in the equity MFs that I am in so I don't really want to trade them. Greatcompanies. MA is best in breed followed by V.


APX is waaaaaaaaaaay down at the bottom near diners club.

[JMarchand1981]

Originally Posted by xbignick

That and CMG have been on my watchlist for a couple months, sold SBUX after about a 30% gain so decided it was time to jump in one of the others. It seems they're killing the chain pizza game and I don't see anyone beneath them threatening that.

Anyone have thoughts on CMG?

Cmg has a sky high valuation. However, they have justified it time and time again when people aren't getting sick from their food. These guys execute.

I play CMG via options 2-3 months out. I won't own it but it's rare that I don't make money on those options.

[finfangfan]

DMYD surging last hour of trading. Also bought back 10 shares into AI.

[carlo16]

Originally Posted by Josh611

Personally not for me. I’m not paying that kind of multiple for a fast food I’m not particularly a fan of. They sell burritos and trade at a higher multiple than Amazon. Yes that’s probably an ignorant statement, but it’s just the way I see it.

With that being said, they obviously have something good going for them, but at these levels I just don’t find it worth it for me.

I’m not sure if their business models McDonalds but MCD makes much of its money through its real estate franchise holdings. It’s more than just selling a burger or burrito.

[finfangfan]

Originally Posted by finfangfan

Palantir up 6.5% after hours.

Originally Posted by finfangfan

Up 9% now... time to trim!

Ended up buying back most of the PLTR I sold this morning for a little over a dollar a share cheaper. Kind of fun when that happens.

[JMarchand1981]

Originally Posted by carlo16

I’m not sure if their business models McDonalds but MCD makes much of its money through its real estate franchise holdings. It’s more than just selling a burger or burrito.

This is correct. McDonald's owns the land that the franchise is on. The franchisee then own a majority of the restaurants. McDonald's rents the land and gets franchise fees. The franchisee essentially gets whatever is left over.

[jeg2315]

Rough day on paper, made out well on my SPY put hedges though.

Originally Posted by JMarchand1981

They are both large holdings in the equity MFs that I am in so I don't really want to trade them. Greatcompanies. MA is best in breed followed by V.

APX is waaaaaaaaaaay down at the bottom near diners club.

For sure, I trade them occasionally and felt like this was one of those times. Otherwise, they're holding in my long-term account.

[Josh611]

This is obviously a joke but sure seems like this is how the current market works sometimes

https://twitter.com/wallstmemes/stat...248596489?s=20

[JMarchand1981]

Originally Posted by Josh611

This is obviously a joke but sure seems like this is how the current market works sometimes

https://twitter.com/wallstmemes/stat...248596489?s=20

So, yeah. I'm not old. I am 39 but I've trading for quite a bit of time now. Pretty knowledgeable on trends and I try and stay plugged in, so to speak.

In 87 I was 6. during the Dot.com boom, I was in college and was a broke college student.

I was really new during the financial crisis so I didn't know how far certain things were from reality.

So I have, what, about 12 good years being heavily involved. This said, and please remember the time line I just laid out here, I have never seen a market so detached from fundamentals in my lifetime. There is a pronounced detachment between the stock market and everything not on Wall Street.

I am smart enough and, more importantly, nimble enough to figure it out for myself and the money I manage. But to see certain junk companies just jump. The market is being run by the Reddit readers and an entirely new age of traders. Now, this will happen until the next big crash. That crash will scare away the weakhanded. It will debilitate the leveraged. It's going to cause an entirely different wave of fear and hatred towards the Wall Street-types by a new generation of people. Ironically, those Wall Street-types will inevitably be blamed, but in truth it was the Reddits and Robinhooders that did it to themselves. Big money just came and toppled the tower that was built on sand.

[hairysasquatch]

Stonks!

[GeechQuest]

Originally Posted by JMarchand1981

So, yeah. I'm not old. I am 39 but I've trading for quite a bit of time now. Pretty knowledgeable on trends and I try and stay plugged in, so to speak.

In 87 I was 6. during the Dot.com boom, I was in college and was a broke college student.

I was really new during the financial crisis so I didn't know how far certain things were from reality.

So I have, what, about 12 good years being heavily involved. This said, and please remember the time line I just laid out here, I have never seen a market so detached from fundamentals in my lifetime. There is a pronounced detachment between the stock market and everything not on Wall Street.

I am smart enough and, more importantly, nimble enough to figure it out for myself and the money I manage. But to see certain junk companies just jump. The market is being run by the Reddit readers and an entirely new age of traders. Now, this will happen until the next big crash. That crash will scare away the weakhanded. It will debilitate the leveraged. It's going to cause an entirely different wave of fear and hatred towards the Wall Street-types by a new generation of people. Ironically, those Wall Street-types will inevitably be blamed, but in truth it was the Reddits and Robinhooders that did it to themselves. Big money just came and toppled the tower that was built on sand.

But a lot of those morons have made retirement money and have no problem giving it all back.

What they’ve done with GME (granted that’s a completely unique situation) only fortifies their beliefs. So far they’re not wrong.

Hell, I’ve seen it with cards this year as well. Fundamentals out the window, the new wave runs the show.

[carlo16]

Originally Posted by JMarchand1981

So, yeah. I'm not old. I am 39 but I've trading for quite a bit of time now. Pretty knowledgeable on trends and I try and stay plugged in, so to speak.

In 87 I was 6. during the Dot.com boom, I was in college and was a broke college student.

I was really new during the financial crisis so I didn't know how far certain things were from reality.

So I have, what, about 12 good years being heavily involved. This said, and please remember the time line I just laid out here, I have never seen a market so detached from fundamentals in my lifetime. There is a pronounced detachment between the stock market and everything not on Wall Street.

I am smart enough and, more importantly, nimble enough to figure it out for myself and the money I manage. But to see certain junk companies just jump. The market is being run by the Reddit readers and an entirely new age of traders. Now, this will happen until the next big crash. That crash will scare away the weakhanded. It will debilitate the leveraged. It's going to cause an entirely different wave of fear and hatred towards the Wall Street-types by a new generation of people. Ironically, those Wall Street-types will inevitably be blamed, but in truth it was the Reddits and Robinhooders that did it to themselves. Big money just came and toppled the tower that was built on sand.

I could be wrong but if I am it’s a fairly new phenomenon. I don’t think the Reddit’s and Robinhoooders have the clout to really move the needle. The big funds still control the market.

[patchgenie]

Originally Posted by JMarchand1981

So, yeah. I'm not old. I am 39 but I've trading for quite a bit of time now. Pretty knowledgeable on trends and I try and stay plugged in, so to speak.

In 87 I was 6. during the Dot.com boom, I was in college and was a broke college student.

I was really new during the financial crisis so I didn't know how far certain things were from reality.

So I have, what, about 12 good years being heavily involved. This said, and please remember the time line I just laid out here, I have never seen a market so detached from fundamentals in my lifetime. There is a pronounced detachment between the stock market and everything not on Wall Street.

I am smart enough and, more importantly, nimble enough to figure it out for myself and the money I manage. But to see certain junk companies just jump. The market is being run by the Reddit readers and an entirely new age of traders. Now, this will happen until the next big crash. That crash will scare away the weakhanded. It will debilitate the leveraged. It's going to cause an entirely different wave of fear and hatred towards the Wall Street-types by a new generation of people. Ironically, those Wall Street-types will inevitably be blamed, but in truth it was the Reddits and Robinhooders that did it to themselves. Big money just came and toppled the tower that was built on sand.

a wise man once said buy absolute garbage when there is blood on the streets.

seems like the gang of dingdongs are buying up all of the otm call options as a group and blowing up the shorts on GME. i do like gamestop though.

[finfangfan]

I guess it all boils down to we have to realize we are investing in the market that exists not the market we wish existed.

[JMarchand1981]

Originally Posted by GeechQuest

But a lot of those morons have made retirement money and have no problem giving it all back.

What they’ve done with GME (granted that’s a completely unique situation) only fortifies their beliefs. So far they’re not wrong.

Hell, I’ve seen it with cards this year as well. Fundamentals out the window, the new wave runs the show.

GME is just part of an increasingly longer list of pump and dump crap. Hertz was one around the time of the BK filing. It's just one stock after another and they all exercise the bigger fool theory.

Originally Posted by carlo16

I could be wrong but if I am it’s a fairly new phenomenon. I don’t think the Reddit’s and Robinhoooders have the clout to really move the needle. The big funds still control the market.

The big boys will always control the market. I mean, the market makers are literally just that. However, 25% of market activity was done by the retail investor in 2020. The retail investors has more control than they ever did...until big money pulls the cord. It hasn't happened yet because big money is taking an opposing position with every new stunt being pulled by the reddits and robinhooders. The game is rigged. It has always been a loaded deck of cards. Always.

The difference is, now it is the retail investor who believes that they have the power. This is similar to what I perceive the attitude was during the dot.com phase(remember, I wasn't old enough to have a first hand account). When people believed that it was their skill that made them their money, when it was actually the natural upwards bias of the market.

What is being done by the retail investor is being yielded by big money. They(big money) are allowing it to happen. Big money is hedging against it and just waiting until they need to post the earnings.

https://markets.businessinsider.com/...0-7-1029382035

Originally Posted by patchgenie

a wise man once said buy absolute garbage when there is blood on the streets.

seems like the gang of dingdongs are buying up all of the otm call options as a group and blowing up the shorts on GME. i do like gamestop though.

That's the risk of being short, right?

As I have become a more sophisticated investor, it has become more profitable to buy junk and go that route. Maybe I am the one that has it wrong?

Originally Posted by finfangfan

I guess it all boils down to we have to realize we are investing in the market that exists not the market we wish existed.

This is fair.

[finfangfan]

Looks like we are going to see a pretty strong open today.

[GeechQuest]

Originally Posted by finfangfan

Looks like we are going to see a pretty strong open today.

-More retail investors than ever (that’s me, I’m not smart like JMarch)
-$1400 stimmy coming after $600 just got there.

Just the $600 payment was a $166B injection into the economy. With the retail investor being 1/4 of all activity, that’s a huge dump into the markets. Even those that are going to go spend those $2K payments on goods/services, it allows for tons of speculation because that’s still a TON of money being dumped into the economy and it’s going to go somewhere.

[JMarchand1981]

Originally Posted by GeechQuest

-More retail investors than ever (that’s me, I’m not smart like JMarch)
-$1400 stimmy coming after $600 just got there.

Just the $600 payment was a $166B injection into the economy. With the retail investor being 1/4 of all activity, that’s a huge dump into the markets. Even those that are going to go spend those $2K payments on goods/services, it allows for tons of speculation because that’s still a TON of money being dumped into the economy and it’s going to go somewhere.

Hey, I am both. I manage money but I also have my own retail portfolio.

[JMarchand1981]

I have one that I think is going to fly over the next year if the rotation turns to value. I am waiting on posting it because I don't have as big of a position in it as I want.

[finfangfan]

PLTR up 5% in the morning... time to trim a bit.