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re: Stocks on your watch list
Posted on 1/5/21 at 8:09 am to supadave3
Posted on 1/5/21 at 8:09 am to supadave3
I've only been doing this since March, so take this with a grain of salt. One of the biggest lessons I've learned is I need more patience. I've missed out on major profits with stocks like NIO, MVIS, ROKU and APPS by selling. If you add up my missed profits from these (and more) by selling too early, they outweigh tenfold the money I "saved" on by selling stocks when they went down and stayed down. I'm trying to pick stocks for long term holds, but I know how tempting it is to book some profits to get in on other stocks. Again, something I'm trying to learn myself.
As far as Fastly, I already booked profits, but still hold a decent chunk. My initial target was $200-$225 until the rumors of merging with Cisco surfaced. I still may hold out for the $200 range....just depends on what's happening.
As far as Fastly, I already booked profits, but still hold a decent chunk. My initial target was $200-$225 until the rumors of merging with Cisco surfaced. I still may hold out for the $200 range....just depends on what's happening.
3
Posted on 1/5/21 at 8:15 am to deaconjones35
quote:
I've only been doing this since March
quote:
deaconjones35
You and I started at the same time. My initial deposit was right at the time Covid hit and stocks plummeted and I figured it to be the best time to get in the market as I assumed this would be 1-3 month thing.
I have sold much (other than Grwd and a few other to reposition myself) so we differ there and I’ve deposited about. $100/ week but suddenly I’m getting real cold feet.
I’m very much a rookie here too and even if it went to zero, it wouldn’t cripple me but it would sure suck.
This post was edited on 1/6/21 at 8:13 am
Posted on 1/5/21 at 8:23 am to supadave3
Always remember that time in the market is better than timing the market. If the cash you are using in this is affecting your day to day spending in life, then maybe scale back. It took me a while to swallow some of the big drops in certain stocks I invested in and I panic sold. I'm still pretty new to this but research and follow every moment I can. Looking back, I really wish I had been smarter and just lowered my cost per share in some of the winners I had. My fault for faulting a winner, too.
Posted on 1/5/21 at 8:58 am to L S Usetheforce
quote:
Unless you didn't sell then I could see you back to even or down less than 10% then you just have to hold for next ride up.
Not holding, too many other options right now. I was in it when it went up and sold, rebought and have been sitting on it for a month or two while it slowly dropped. I'll watch it but I sold yesterday.
Posted on 1/5/21 at 8:59 am to jangalang
quote:
Now that you mention it, I do regret not getting into FSLY at 30. :)
Got in at the same time!
Posted on 1/5/21 at 9:35 am to deaconjones35
quote:
I've only been doing this since March, so take this with a grain of salt. One of the biggest lessons I've learned is I need more patience. I've missed out on major profits with stocks like NIO, MVIS, ROKU and APPS by selling. If you add up my missed profits from these (and more) by selling too early, they outweigh tenfold the money I "saved" on by selling stocks when they went down and stayed down. I'm trying to pick stocks for long term holds, but I know how tempting it is to book some profits to get in on other stocks. Again, something I'm trying to learn myself.
And this is why I worry about froth and a bubble. If people are looking at the past 10 months which produced historically abnormal inflated results by all measures and are concluding they were not greedy enough as the lesson...... there is going to be a lot of pain.
This is really starting to look like the late 90s.... and I don’t mean the ridiculous dot coms (although some ev’s meet that criteria)..... but like the Cisco of late 1990’s. Great company kicking arse in a growing space but massively over valued.
Full disclosure - I know the market can stay irrational longer than I can stay solvent so I am continuing to plow along long term investment wise. Short term plays I have taken off the table. Seen this movie before
Posted on 1/5/21 at 10:23 am to igoringa
SOL and DQ making me proud again. Not sure how hight these can go but they are carrying my portfolio today.
Posted on 1/5/21 at 12:01 pm to djrunner
LIT Soaring the last week or two
Posted on 1/5/21 at 12:46 pm to igoringa
quote:
ike the Cisco of late 1990’s. Great company kicking arse in a growing space but massively over valued
Agreed
There are lots and lots of great companies which are not being understood to be speculative investments. But when you invest in companies with massive P/E that is a speculative investment. If the hype around that company (or many like it) sours the loss of confidence becomes a potentially permanent loss of value.
Investors do this naturally because in bull markets they are rewarded for aggression. But a market correction of aggression (sudden loss of value) is healthy but painful.
Our blanket government interventions to support the market have added nitro to the market value but investors who miraculously avoided that lesson are often doubling down on their riskier investments chasing maximum returns. We probably needed more pain in recent years to avoid a worse pop in the future.
Posted on 1/5/21 at 3:05 pm to molsusports
no guarantees, but...
big move by GOGO in the last hours of the day.
short float is between 45 & 50%.
its back above 10 and shorts will get nervous soon
big move by GOGO in the last hours of the day.
short float is between 45 & 50%.
its back above 10 and shorts will get nervous soon
Posted on 1/5/21 at 4:35 pm to deaconjones35
quote:I've missed out on some major profits (nice profits that turned into losses) by holding too long. The obvious answer is sell at the right time, but seems kinda hard to judge. Harder to go broke taking profits.
I've missed out on major profits with stocks like NIO, MVIS, ROKU and APPS by selling.
Posted on 1/5/21 at 7:28 pm to KickPuncher
tomorrow should be an interesting market day
Posted on 1/5/21 at 7:31 pm to cgrand
quote:
tomorrow should be an interesting market day
It will if these results keep up. I went ahead and sold 75% of my portfolio today just in case. I may regret that later, but it's done now.
Posted on 1/6/21 at 5:30 am to AUHighPlainsDrifter
The key today is simply this:
Sell everything before everyone else does.
Sell everything before everyone else does.
Posted on 1/6/21 at 6:26 am to jangalang
I imagine today will be a red day. However, I can’t imagine that last nights results weren’t already priced in. I mean last night went about as expected right?
Posted on 1/6/21 at 6:33 am to Allthatfades
I don't know if there is a thread for this or not, but what are some of you all's secret stock picks for 2021, or underdog picks? Or even picks that will make jumps in prices (100%+)?
Posted on 1/6/21 at 6:43 am to KickPuncher
Glad I bought renewable energy and weed stocks a few weeks back
Posted on 1/6/21 at 8:41 am to xxTIMMYxx
So I guess I’ll just sit back on PINS, FSTLY, and APPS and hope the carnage isn’t too much to bare. I probably won’t look at It throughout the day.
FASTLY is the only one I should go underwater on, just losing a lot of profit on the others.
FASTLY is the only one I should go underwater on, just losing a lot of profit on the others.
Posted on 1/6/21 at 8:46 am to xxTIMMYxx
Same here, renewables, EV and Weed have been exploding. I am having my best week since probably April.
Posted on 1/6/21 at 8:47 am to jangalang
quote:
key today is simply this:
Sell everything before everyone else does.
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