McGarnagle
Yes.
- Aug 5, 2017
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What stocks are you buying now? Part 32
- Thread starter Viqsi
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No worries bud. Jobs numbers were through the roof. Way higher then expected. Over 900k added job in March. Massive news
Thanks for bringing up job numbers, I think they're important/relevant to this thread, and as a small sub-community as a whole in this thread as far as interest.
Based on this job data/economic outlook, you think this bodes well for the stock market? Or are you expecting a quick response to the news (market rockets this week), but the momentum stalls, or the gains are lost?
In my opinion there are times during this pandemic when both good news and bad news for the economy was bullish for the stock market in different ways, and times where bad news for the economy in particular was good news for the market, and good news for the economy was bad for the market (under the understanding by 'good/bodes well' I mean $ prices going up, and vise versa for bad or negative or $ prices dropping). Is it particularly sectors you think will rocket this week? Any particular sectors you think will suffer or stagnate? Or pretty much across the board green everywhere, as we have seen at times?
I do think that job availability is surprisingly high right now, and it will be filled. Actually, to reiterate why I think secular inflation begins in 5-10+ years relating to demographic change (and infrastructure overhaul/renewal) is because of too many jobs for too few people, driving wages in an employee's market.
puck stoppa
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I’m looking forward to this week and month. Good to see you back. Got anything you like?
SoulOnIce
Registered User
- Sep 12, 2009
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Teslas 1st quarter growth figures
2021: 184,800
2020: 88,400
2019: 63,000
2018: 29,980
2017: 25,000
2016: 14,820
2015: 10,045
2014: 6,457
2013: 4,900
2021: 184,800
2020: 88,400
2019: 63,000
2018: 29,980
2017: 25,000
2016: 14,820
2015: 10,045
2014: 6,457
2013: 4,900
PLTH.CN aka PLNHF earnings tomorrow. Unsure if it is before or after market, anyone happen to know? I'm really eager for this one. Could be worth keeping an eye on.
The jobs number may not necessarily be good news for the market
May mean greater inflation and higher interest rates
WingsMJN2965
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- Oct 13, 2017
- 18,106
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Been awhile since I've been in here, unfortunately, but what stocks are the hot topic in here now?
Also, are y'all still sleeping on RVLV? That thing is gonna be $60+ sooner or later.
Also, are y'all still sleeping on RVLV? That thing is gonna be $60+ sooner or later.
Flyer lurker
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- Feb 16, 2019
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sold some rvlv at 47 and 53 and when it dropped to 43 bought back in. If you buy the dips right on that stock on the right day you can make 5% quick!
WingsMJN2965
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- Oct 13, 2017
- 18,106
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5PM EST.
Honestly wanna sell my DAL stock and buy more (I hold 1440 shares right now) but this market is so weird with news. Sometimes they'll outperform and people will sell off.
I've got about $11k pretty evenly split between BA/DAL/CCL, but I think DAL has the least amount of increase ahead of it. Especially if you go by pre-COVID shutdown numbers.
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WingsMJN2965
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- Oct 13, 2017
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Yup, it usually surges to a high, then ping pongs around about 10-20% below that high, and then after a few months of doing so, it'll surge way past it. It recently got a few target price upgrades though. One was $58 and the other was $65.
I'm not a day trade type, so I don't float in and out. I've held for over a year now, so I can avoid the big taxes. If it hits $65/$70, I'll probably thank them for the great returns and go on my merry way. I bought in at $9. It's been fantastic for me.
WingsMJN2965
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- Oct 13, 2017
- 18,106
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If you don't mind my asking, where'd you get in at?
I grabbed 950 at $4.40 and another 490 at $6.10. (Before it went to $8. If ever there was a time I should've cycled in and out)
I definitely don't think so (the jobs numbers being good news for the market - in the context of using 'good news' = risk-on asset share prices soaring). I don't think it will mean greater inflation or higher interest rates though, but it flies counter to what has been driving those assets. Doesn't mean a price drop, but it certainly won't encourage the opposite. The worse the numbers, the more the intervention. The better, the less needed.
WingsMJN2965
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- Oct 13, 2017
- 18,106
- 17,700
Flyer lurker
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- Feb 16, 2019
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rvlv mentioned earlier.
maybe time to get back on pltr if you haven't all ready, they sold shares internally Friday which kept price down but exhibit day I believe is 14th or 15th this month. Worse case 5-8% pop. Best case off to the moon.
maybe time to get back on pltr if you haven't all ready, they sold shares internally Friday which kept price down but exhibit day I believe is 14th or 15th this month. Worse case 5-8% pop. Best case off to the moon.
CAD or USD? And don't mind at all. I first brought up my interest in buying on here in June @ $2.20 or so CAD. It was still too speculative for me, though, and I already had heavy exposure to LAC as far as high spec goes. But as the outlook became less speculative and more of a good bet, I bought in October for the first time @ $4.63
Now my cost-basis is $6.21 in one account (149 shares), and $5.72 in the other account (381 shares).
If you're talking CAD as well - funny, we got in at almost the same price. I think you mean USD, though.
I did do some profit taking, but not a substantial amount in the $7 & $8 range, not at the top, though ($10 range). I also bought as high as the $7 range, including most recently on March 25th. At this point, I don't foresee any additional profit taking, any time soon.
I sold about a third of my shares at a loss (posted about TTCF a few times, including that sale) after earnings. I then sold even more of my position to buy other dips - I was pretty aggressively buying in March. I did buy TTCF @ $19.44 though, I have less shares than I did before my initial sale at a loss, but I couldn't not buy a bit at sub-$20.
WingsMJN2965
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- Oct 13, 2017
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- 17,700
USD for me, yes.
I couldn't bring myself to selling at the $8 USD high. If it hadn't tanked again I would've been pissed at myself. Mainly because I can see this one being a 10xer when US Federal Legalization happens.
McGarnagle
Yes.
- Aug 5, 2017
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It's definitely a lot to live up to. Imo it is very feasible they can justify the valuation in 3-4 years, and start looking pretty good (based on current share price).
But depending on ones take, you could make an argument for it being a good bet to achieve the lofty expectations, down to being completely bearish and mixed in-between.
I think I'm going to maintain my small position and just watch the rest of the year closely. I'm cautiously optimistic. I can understand why it is so highly valued right now, just mixed feelings about things going as well as they could/need to.
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