Stocks - r/Stocks Daily Discussion & Technicals Tuesday - Sep 08, 2020 |
- r/Stocks Daily Discussion & Technicals Tuesday - Sep 08, 2020
- Losses of Apple, Amazon and Facebook bring down stock market
- Nikola and GM team up to make this 900-horsepower super electric truck
- July airline numbers are better than June but still down over 70% YoY
- A reminder to not take everything at face value in here
- All those TSLA FOMO's out there, it may be the time to get in
- SoftBank takes $10 billion hit after being unmasked as Nasdaq 'whale'
- You don't need to know when to sell
- My Tesla stocks were taken away.
- Tesla is Oversized, Overvalued, and overbought. But is it still worth buying before the Battery Day, before US Election Day results and before their Q3 earnings report?
- should we be buying tech today or waiting for it to drop further?
- Cloudflare (NET) down 5% while other Cloud stocks are green/flat. Why?
- My account progression in the past 4 years of investing
- $NET Cloudflare penetrating my ass wallet and heart
- Do you consider tech still discounted?
- What is it that is causing this tech sell
- A reminder to look at fair values and not recent drops or rises
- So I have been taking massive losses and I don’t know how to respond to them
- Thoughts on the following stocks for a high risk/high growth portfolio
- Cloud computing etfs ( looking for suggestions )
- $AAPL Event Announced
- Apple countersues Epic Games for breach of contract
- Thinking about doubling down on RKT
- Nikola is up 40.79% today while Tesla is down -21.06%
| r/Stocks Daily Discussion & Technicals Tuesday - Sep 08, 2020 Posted: 08 Sep 2020 01:06 AM PDT This is the daily discussion, so anything stocks related is fine, but the theme for today is on technical analysis (TA), but if TA is not your thing then just ignore the theme and/or post your arguments against TA here and not in the current post. Some helpful day to day links, including news:
Technical analysis (TA) uses historical price movements, real time data, indicators based on math and/or statistics, and charts; all of which help measure the trajectory of a security. TA can also be used to interpret the actions of other market participants and predict their actions. The main benefit to TA is that everything shows up in the price (commonly known as "priced in"): All news, investor sentiment, and changes to fundamentals are reflected in a security's price. TA can be useful on any timeframe, both short and long term. Intro to technical analysis by Stockcharts chartschool and their article on candlesticks If you have questions, please see the following word cloud and click through for the wiki: See our past daily discussions here. Also links for: Technicals Tuesday, Options Trading Thursday, and Fundamentals Friday. [link] [comments]  |
| Losses of Apple, Amazon and Facebook bring down stock market Posted: 08 Sep 2020 06:33 AM PDT US stocks fell to their lowest level in two weeks, with the shares of major technology companies under pressure for the second day, due to concerns that valuations were too high for this year's performance. The declines of Amazon, Microsoft and Facebook pushed the Nasdaq 100, the index of the 100 largest non-financial companies, down more than 5%, although it reduced those losses by more than half as the day progressed and investors found bargains. The broader market fared better, with the S&P 500 index dropping just over 1% in the afternoon. US Treasury yields increased while the dollar remained stable. Oil dropped to less than $ 40 a barrel for the first time in a month. According to Bloomberg, Friday's biggest sales appeared to stem from concerns that the recent surge in technology stocks was not linked to broad investor sentiment, but instead would have been driven by overseas options trading. a company. The Financial Times reported that SoftBank bought billions of dollars in technology derivatives before the crash that started Thursday. One-month chart for the Nasdaq 100 index. Source: Investing.com Traders are looking to find an appropriate valuation for technology stocks and assess the health of the US economy as the coronavirus pandemic progresses after killing more than 180,000 Americans. While the tech industry is generating huge profits during lockdowns, there is also evidence that high-profile companies are overbought. Elsewhere, emerging market stocks fell for the third day. European stocks plunged. Asian stocks fell, with the Australian index registering the biggest drop since May. Meanwhile, the Ibovespa faced declines of more than 3%, and risks losing 100,000 points again. https://read.cash/@SamHamou/losses-of-apple-amazon-and-facebook-bring-down-stock-market-ab20655a [link] [comments]  |
| Nikola and GM team up to make this 900-horsepower super electric truck Posted: 08 Sep 2020 05:01 AM PDT The electric truck startup announced Tuesday it has selected GM to be its manufacturing parter for its electric pickup truck dubbed the Badger. The Badger will use GM's widely acclaimed Ultium battery technology. Additionally, Nikola will hand over $2 billion in stock to GM — giving the automaker an 11% stake in the company. The company did begin taking pre-orders for the electric super pickup truck in late June. On paper, the truck stands to be a beast. It's expected to have 906 horsepower and have a 600-mile range using both battery and hydrogen fuel cells. Nikola has said pricing will start at $60,000 for the electric vehicle version and $90,000 for the one that also includes the hydrogen cell. NKLA is up 50%. GM is up 10%. [link] [comments]  |
| July airline numbers are better than June but still down over 70% YoY Posted: 08 Sep 2020 08:39 AM PDT Passengers On US Airlines:
The overall sector seems to be reacting well to the USDOT numbers with majority of airline stocks moving into the green on the day. [link] [comments]  |
| A reminder to not take everything at face value in here Posted: 08 Sep 2020 10:48 AM PDT I see a lot of folks in this subreddit blindly taking the advice of what others are doing. It's important to remember that not everyone is investing under the exact same conditions and circumstances as you. Examples:
While value can be gleaned from various posts and comments, just remember that what makes sense for someone else might not necessarily make sense for you. [link] [comments]  |
| All those TSLA FOMO's out there, it may be the time to get in Posted: 08 Sep 2020 06:53 AM PDT Every week for the past 8 weeks, I've seen non-stop posts about how people are having great FOMO on TSLA. How they wish they had gotten in at $1000, $1300, $1500, $1750, $2000. Everyone asking about best price to get in, whether it will go higher, etc. Well, now TSLA is down almost 40% from its ATH post-split. Pre-split it was at $2200. Then there was a 5:1 split, which drove the price to $440, at which point it rocketed up to $500 (or $2500 pre-split). Now TSLA has cratered all the way to $340 (or $1700 pre-split). Its back at the price point it was at right after the split was announced. Its still high for some people here, but its trading at a discount from its ATH of $2500. To all those TSLA FOMO-er's, its time to step up to their conviction. Do you believe in TSLA as the "company of the future" that has a valuation potential that can't be captured (ie. ARKK's perspective, and hence their $7000 pre-split price target potential). Added fun: AMD, BA, MSFT, AAPL are all hammered right now. Again, these are all stocks that I've seen people have incredible FOMO about missing the August run up. If you genuinely believe these stocks have a future, and are thinking long term (ie. over 1 year holdings), these price points are good entries for a DCA strategy. Basically, all these stocks gave up ALL their August gains, which means if you missed the boat at the end of July, nows the time to get back in because the train came back to the station. If you believe the valuations of these stocks are still too high, then feel free to disregard this entire post. Edit: some of my pre-post split math was wrong. Corrected here. [link] [comments]  |
| SoftBank takes $10 billion hit after being unmasked as Nasdaq 'whale' Posted: 08 Sep 2020 08:56 AM PDT Shares in SoftBank retreated again on Tuesday, bringing losses in Japan to 7.7% over two days following reports that the conglomerate had been making huge and risky bets on tech stocks. The losses have wiped roughly $10 billion off the market value of SoftBank. How big are the bets? SoftBank bought $4 billion worth of options tied to underlying shares it had earlier purchased in tech firms like Amazon (AMZN), Microsoft (MSFT) and Netflix (NFLX), according to the Wall Street Journal. The newspaper said that the options generated an exposure of about $50 billion. The size of the bets means that SoftBank (SFTBF) CEO Masayoshi Son is now being called a "whale" — a heavy hitter with the power to move markets on his own. But investors in his company are nervous. The options could pay off for SoftBank. According to the Financial Times, which was first to report on the position, the company is sitting on trading gains of about $4 billion. But such trades are also risky, since they could lead to big losses if equity markets keep falling. Remember: The Nasdaq plunged more than 6% in two days last week before the Labor Day weekend. Futures are down sharply on Tuesday. Why worry: Son had been preaching a defensive strategy after his company reported a record 1.36 trillion yen ($12.7 billion) operating loss in May caused almost entirely by his $100 billion Vision Fund, which invests in tech startups. Last month, SoftBank announced that it would sell more than 1 million shares in its mobile carrier affiliate SoftBank Corp., worth 1.47 trillion yen (nearly $14 billion). That asset sale came on top of plans the firm announced in March to raise some 4.5 trillion yen ($42 billion) by selling assets. What's next: Analysts are questioning the rationale behind the options purchases, and wondering how they fit into a defensive strategy. SoftBank has so far declined to comment, but some investors have seen enough. After all, if investors want to purchase options on US tech stocks, they are able to do so without buying shares in SoftBank. https://edition.cnn.com/2020/09/08/investing/premarket-stocks-trading/index.html [link] [comments]  |
| You don't need to know when to sell Posted: 08 Sep 2020 08:07 AM PDT when you don't think about selling your stock. You don't care about what the market is telling you right now, because you don't plan to sell your stock. And you know you don't plan to sell because you have faith in the management and the product. [link] [comments]  |
| My Tesla stocks were taken away. Posted: 08 Sep 2020 04:34 AM PDT I bought 2 shares after the 21st of August and before the split. After the split, I got my 8 additional shares. BUT yesterday my 8 shares were taken away and I didn't get my money back. I thought it was a bug, or I missed important news regarding the stock so I waited. Today I contacted my broker and he contacted someone else about the information and they said that the split wasn't valid for me anymore and therefore they removed my shares. Am I in the wrong or are they? EDIT: I used the wrong term, I had an other definition in mind when I used the word "broker". I bought my shares through the stock market from my bank and I contacted the guy who is responsible for me at the bank! EDIT 2: THANKS for all the responses! [link] [comments]  |
| Posted: 08 Sep 2020 07:32 AM PDT Just really curious as to what everyone else thinks about Tesla at this moment now that there has been a huge tech sell-off and bull trap. I believe it will continue to drop a bit more but in the next couple of weeks it could pick back up and rise to higher highs. Also, does anyone think that it's in a bubble that's bound to burst? I honestly believe that their announcements at the battery day will increase it's share price. Plus if Joe Biden wins the election he promises a greener future where he will put more money into funding green energy companies. And then there's their Q3 earnings report which could smash analyst expectations... again. [link] [comments]  |
| should we be buying tech today or waiting for it to drop further? Posted: 08 Sep 2020 09:29 AM PDT i know nobody has a crystal ball. i am still curious about opinions. i am wondering if i should buy apple, msft, square, etc. i am already down on these from buying within the past week or so. its annoying. do we all think today is the near end of a sell off or that more is coming? thanks [link] [comments]  |
| Cloudflare (NET) down 5% while other Cloud stocks are green/flat. Why? Posted: 08 Sep 2020 01:23 PM PDT Does anyone know why NET was down over 5% today, while it's main competitors (FSLY, DDOG, AYX etc.) are up or flat? Seems this stock has been beaten down significantly since their all time high after earnings. I sold a 9/18 $38 Put last month, and now it's looking like I'll get assigned. My cost basis will be around $36 when considering the premium I got for the Put, but the shares are trading under $33 now and it seems to be a straight line down. Did I miss news, or is there some other reason this stock is down 5%+ while others in Cloud sector are up (or at least down significantly less than NET)? [link] [comments]  |
| My account progression in the past 4 years of investing Posted: 08 Sep 2020 11:40 AM PDT I started investing on June 2016. Back then I didn't know anything about investment in general. I just thought that as long as I buy stocks, they will continue to increase in value over time. I was pretty wrong. Back then I put in $1000 to try my luck, and over a couple months my account value increased to about $1500. I was stoke. I thought I got it and this game is just too easy to win. I withdrew all that to play with JNUG. I made another $1000. My head was over the moon because back then it was a pretty big deal, being in college and not making money. Then what happened? I lost it all to 3x leveraged ETFs and down $3000. The loss destroyed me. I thought I was never going to recover. And the funny thing is that, the whole time I was busy playing around with 3x ETF, I saw the single share of AMD steadily climbing (I bought it for shit and giggle because I thought AMD never gonna make it big). Looking back, had I just dump everything in AMD, I would be in a much better shape. So I left whatever in my account as cash and didn't look back until August 2018, what was why my account flatted line for almost 2 years. In August 2018 I tried my luck with investing again. This time I didn't waste time gambling, but rather doing some real investing. I selected reputable companies and famous brands. Then Sep 2018 hit and you already know what happened. The stock market tanked pretty hard until Dec 24th, 2018, which I called Bloody Christmas. Imagine waking up everyday to see my account in red, like my hard earned money evaporating into the air. Except this time I did something different. I wasn't as hasty to sell off. I rebalanced my portfolio a bit and keep investing. Back then I had a decent job which can cover living cost and left me with a bit of saving for investment. I didn't sell everything and close my account. I left everything in there and see how it would work out because I do believe it will recover. And it did in 2019. In fact I've read that many investors regretted that they didn't invest heavier during 2019 due to fear of another recession. I recovered everything I've lost and made some extra profit just simply from buying and holding Then 2020 hit. I saw my accounts tanking just like before and this time I wasn't wavered. I continue to put in my paycheck every 2 weeks. My account quickly recovered and steadily climbing until now. I made a screenshot so you guys can see my current standing. This is just RH, I also have an account with Fidelity, IRA with Charles Schwab, 401k, and HSA. But RH still hold most of my money, neatly 1/2 of my portfolio. Let's make 1 thing clear I'm NOT a stock genius. I'm not considered myself to be a student of Warren Buffet. I did zero fundamental/technical analysis. I just though very simply: hey, these companies are financially strong, they have products that make money, their names are familiar, and they continue to innovate, so...why not? I'm just lucky I guess. My biggest positions are in AMD, NVDA, AAPL, MSFT. I've used all of their products and am also a computer enthusiast. The rest are ETFs like QQQ, VTI, XLK, FTEC. I do have some positions in cloud computing but they aren't big. The past few days have been hard but whatever. I know it will recover just like before. Tomorrow is pay day and I will continue to put more money into my portfolio. Over all my account is still positive. I mean, 55% increase in past year and 44% over all is good, right? I have no complain. This correction is just another day for me to buy cheap stocks that's all. [link] [comments]  |
| $NET Cloudflare penetrating my ass wallet and heart Posted: 08 Sep 2020 11:44 AM PDT Man what a span of 6 months. Cloudflare was gods gift to Reddit. And the vile temptress got me too. Now I'm balls deep on her at just over 38 and she's leaking like a sieve. Common sense tells me to just be patient they'll pull thru. I've got so much of my cash tied up into it makes my butthole pucker knowing I could have gotten in 5 dollars less now that it's in the 33s. God damnit why does this mf have to do this. Anyone have any insight before I say fuck it pull the plug and turn my ameritrade account into a parking lot [link] [comments]  |
| Do you consider tech still discounted? Posted: 08 Sep 2020 07:31 AM PDT Yes we are only going down ~5,10,15% on certain stocks; all over the stock market, but would you guys consider tech still discounted? Yes, tech hit insane ATH for huge companies that are staples in people's portfolio (Microsoft, Amazon, Tesla, Apple, etc) and with the last week, the last months gains still put you over the top and are still active, so if you invested earlier in August you essentially are where you started. Okay no problem it happens. My question is - is tech still discounted though? Companies always have ATH and hitting ATH's are good, and no one believes that Apple will stay stagnant, or Microsoft, or whoever etc, but my question is, if we're buying these dips that were previous ATH, are these still considered discounted? The reason I ask why is because a lot of people have been saying tech is over valued anyway, but honestly every ATH is the new ATH until they pass it, so it's kinda pointless to say no they just hit an ATH wait more. Long story short, is tech still discounted even after its exponential growth the past few months? These red days are seen as discount days to buy more. Or should I just shut the fuck up, cause these are all long term and I'm not selling, I'm just wondering about the dips and buying more and if people still see red days in tech as discounted considering how much green we had the past few months [link] [comments]  |
| What is it that is causing this tech sell Posted: 08 Sep 2020 11:10 AM PDT I keep hearing people saying that tech stocks are lowering and that people are selling tech stocks. I noticed that Tesla is one that is taking a bit of a hit. I've been interested in getting Tesla but felt it was too saturated to get into. Do you think now is a good time to keep an eye on buying up some tech stocks? If so, what are some tech stocks you recommend? [link] [comments]  |
| A reminder to look at fair values and not recent drops or rises Posted: 08 Sep 2020 12:19 PM PDT Everyone is focused on the meltdowns or meltups but who is looking at the market and asking what is a fair price? Pre-covid fair price for the s&p 500 SPY was around 330 - 340. We are now sitting at 334. I would argue that these prices are still too high. Pre covid these are good prices post covid these prices are too high. We had 10% of our GDP wiped out so the factor that end we should take away at least one year's worth of gains. The FED seems to think we will see a rise in GDP of 5% in 2021. SPY 300-310 seems more like a fair value post covid. There's no reason to panic. This drop was expected since the market was way over bought. We are coming into a more fair price range. Once this round of volatility is over I expect to see things go back to "normal". Very slow gains around 7 percent a year. You know, the boring stuff. [link] [comments]  |
| So I have been taking massive losses and I don’t know how to respond to them Posted: 08 Sep 2020 06:48 AM PDT I have major names like Tesla and Apple and such and I am one of those idiots who bought Tesla after split and is downnnnn... I'm afraid to cut losses because I don't want to loose so much money but if I don't cut losses will I loose more? Is there a chance to hold onto everything through this massive dip? Any conversation or advice would be much appreciated! [link] [comments]  |
| Thoughts on the following stocks for a high risk/high growth portfolio Posted: 08 Sep 2020 12:34 PM PDT Hi all, looking for some advice on instruments to add to my high risk bucket. My plan would be to contribute some cash to it every month and rebalance every so often depending on performance. I've found most of these from growth threads but they're all companies I know about and have high hopes of. Overall I think it's a good list of strong potentials. $ETSY $PYPL $FSLY $SHOP $CRWD $CRM $SPCE $NET $SQ Tell me what you think [link] [comments]  |
| Cloud computing etfs ( looking for suggestions ) Posted: 08 Sep 2020 09:21 AM PDT Hey all, Been looking at investing into a cloud computing Etf, I've looked into WCLD CLOUD AND SKYY. Just wondering what you are holding etf wise for this sector and some suggestions. I'm 26 with about a 30 year time horizon here [link] [comments]  |
| Posted: 08 Sep 2020 10:01 AM PDT Apple has laid out the proverbial red carpet for us... Sept 15th, 2020, prepare to ride that 🚀 all the way to the 🌑!!! Clock is ticking, positions set... Now we just wait... XD [link] [comments]  |
| Apple countersues Epic Games for breach of contract Posted: 08 Sep 2020 01:45 PM PDT Apple Inc. countersued Epic Games Inc. on Tuesday, claiming the maker of "Fortnite" breached a contract when it introduced a new in-app payment system within the popular videogame. The iPhone maker  asked U.S. District Judge Yvonne Gonzalez Rogers for punitive damages and to block Epic from continuing what it calls unfair business practices, in the escalating skirmish between the two companies. Late Friday, Epic sought an injunction to force Apple to put "Fortnite" back on the App Store, disclosing that roughly a third of "Fortnite" players access it through the App Store. [link] [comments]  |
| Thinking about doubling down on RKT Posted: 08 Sep 2020 01:07 PM PDT I'm currently in for 100 shares of RKT at 26.65 . I'm down 14.5%. I know it's been a rough week, but these guys killed earnings and the housing market is bonkers right now. We're at 22.7 as I type this. I'm considering to buy in for another 100 to lower my average. We have to close to bottom right? Edit/update. Bought 50 shares at 22.9 and then bought 10 Apple shares rather than 100 more RKT for roughly the same amount. [link] [comments]  |
| Nikola is up 40.79% today while Tesla is down -21.06% Posted: 08 Sep 2020 01:06 PM PDT Nikola surged by +40.79% today and gained $5.49 B in value after it was announced that the company is teaming up with General Motors to work on the Nikola Badger. Meanwhile Tesla's share price plunged by 18.24% wiping out $82.11 B in value. This drop is mainly attributed to the decision of the S&P committee not to include the company in its S&P 500 index. [link] [comments]  |
| You are subscribed to email updates from Stocks - Investing and trading for all. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment