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Forum » **OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
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Thread: **OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION

post 1688846453 08-23-2023, 05:13 PM
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#4081
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Originally Posted By _zman⏩
Damn I'm glad I put so much into NVDA. Unfortunately put quite a bit in AMD, but it's doing somewhat ok.

NVDA is holding up my entire portfolio basically. COST and MSFT aren't doing too bad, but obv not an NVDA.
QQQ doing well right now. This boost could potentially mean another hike if markets hold up strongly before the meeting. Maybe another hike year end too. Big tech is about to become the entire market.
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post 1688848033 08-23-2023, 05:40 PM
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Originally Posted By _zman⏩
NVDA is holding up my entire portfolio basically.
THIS lmao.

Definitely my biggest total dollars investment as far as the money I've put into my long term portfolio since 2016/2017.

Everything else went to the moon during covid, is now pennies in comparison.... All except NVDA, that is.

EDIT: My exit strategy is to dump it when JENSEN steps down, but this will be a very difficult stock to sell emotionally lol.
post 1688850183 08-23-2023, 06:25 PM
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Originally Posted By TugOfPeace⏩
Are you still holding UPST?
Yes lmao. Got back to breakeven on my DCA when price hit $66 recently.

Anything under $100/share is so low at this point compared to what it used to be, I might as well hold to $0.
post 1688850943 08-23-2023, 06:42 PM
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Originally Posted By TugOfPeace⏩
Yea same. Still holding BROS/DOCS as well. Need to hit $50 on those for breakeven and $100 or so on UPST.

Been selling calls and slowly whittling things down but now premiums on BROS/DOCS are so poor, can't do anything but wait.
It's funny because UPST @ $300 was a WAAAYYYYYY better value for buying than it is currently @ $35 or whatever the fuk it is... If you showed me their quarterly reports now I'd laugh in your face for buying it @ $35.... Where if you showed me their quarterly reports back in the day, I'd say to buy it @ $300.

Watching their quarterly numbers go from being profitable and growing, to the dismal bleeder it is today is truly a sight to behold.

EDIT: BROS is actually still healthy.

EDIT 2: DOCS is actually still healthy, as well.
post 1688852113 08-23-2023, 07:04 PM
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Originally Posted By TugOfPeace⏩
@ UPST, yea 0% interest rates are a hell of a deal. I'm surprised they didn't factor interest rate hikes into their business model but it is what it is. If you think it's poor value now, why didn't you sell at breakeven? Hopes for the future when rate hikes end?
Yeah, like I said.... @ $66, it's like whatever, who cares.... And the delay for their earnings to turn to chit was WAY too late by that time the stonk had already collapsed relative to ATH's.

It's funny how investing psychology works.... @ $400/share I was stoked, and it was my largest position, and I figured if it dropped down to $200, I was still a huge winner.

Then it got to $100 and I was like, "meh, got my angus pounded, quarterly earnings now suck, but it's already pointless to sell."

then it got to $15 and I was like, "cool, now it's ENTIRELY irrelevant to my portfolio.... might as well hold to $0."

If you look at equifax/transunion/experian.... They have done "fine" which is what I would have expected to also happen with UPST.... But not even close, and they definitely fuked up somewhere.
post 1688875393 08-24-2023, 07:50 AM
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Much more muted open to the market than I expected, or that premarket suggested
post 1688880523 08-24-2023, 09:15 AM
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NVDA CREW!!!!!!!!!!!!!!!!!!!!!!

Trimmed some NVDA profits after hours on a limit order of 504 yesterday for triple digit percentage gainzzzz

Still holding about 25% of my total position, will keep trimming as it goes up..Or when the inevitable dump happens I'll start to average back in

Massive gainz on this one, good fukin work to the guys who held through all that fukery
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
post 1688882203 08-24-2023, 09:38 AM
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#4088
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Originally Posted By dopamine72⏩
NVDA CREW!!!!!!!!!!!!!!!!!!!!!!

Trimmed some NVDA profits after hours on a limit order of 504 yesterday for triple digit percentage gainzzzz

Still holding about 25% of my total position, will keep trimming as it goes up..Or when the inevitable dump happens I'll start to average back in

Massive gainz on this one, good fukin work to the guys who held through all that fukery
my first NVDA buy of 60 shares in 2017 is now comfortably 10-bagger status LMAO.

neat.jpg.

really tempted to sell some of my shares now and redistribute to a couple of positions that got destroyed since alzheimer has been president.
post 1688896903 08-24-2023, 01:48 PM
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WBA still dropping. I don't think they can keep paying their dividend as it stands. They've sold off a big part of their ABC stake which will hurt their earnings to pay their lawsuit and primary care purchases. Primary care isn't profitable for them yet either. They are forced to spend excessively to keep their pharmacies staffed too. Lots of OT and $25,000-$75,000 bonuses over 2 years getting paid to pharmacists. Other retail chains gonna put them in the dirt and PBM $$$ is about to dry up too as everyone realizes what a fking sham it is.
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post 1688899003 08-24-2023, 02:28 PM
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#4090
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Who else bought AMC at $2? lol
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post 1688901703 08-24-2023, 03:15 PM
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#4091
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Originally Posted By _zman⏩
Damn I'm glad I put so much into NVDA. Unfortunately put quite a bit in AMD, but it's doing somewhat ok.

NVDA is holding up my entire portfolio basically. COST and MSFT aren't doing too bad, but obv not an NVDA.
No profits?
post 1688904823 08-24-2023, 04:12 PM
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#4092
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Originally Posted By _zman⏩
Who else bought AMC at $2? lol
Can a stock go to less than zero?

No, but it can do one worse..


It gets delisted and your broker won't allow you to sell it, thereby denying your capital loss.
post 1688907843 08-24-2023, 05:05 PM
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#4093
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strong mooning by AMC. should of bought that instead of bitcoin
post 1688907993 08-24-2023, 05:09 PM
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#4094
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Originally Posted By Azrairc⏩
strong mooning by AMC. should of bought that instead of bitcoin
If you mean moon like crater, then yes.

It reverse split 1 for 10.
post 1688908213 08-24-2023, 05:15 PM
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#4095
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Originally Posted By usersignup2⏩
If you mean moon like crater, then yes.

It reverse split 1 for 10.
strong, but it says it's 14 from <2 per share. If you had 10 shares at ~20 it somehow became $14 today
post 1688908663 08-24-2023, 05:23 PM
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#4096
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Originally Posted By Azrairc⏩
strong, but it says it's 14 from <2 per share. If you had 10 shares at ~20 it somehow became $14 today
They did a 17 for 15 split and then 1 for 10. So it might have been roughly $1.97/share thus morning and then they converted 10 shares for 1.

So 10 shares @$1.97 becomes 1 share @$19.70

Stock nosedives 26% and you're at $14.43
post 1688909973 08-24-2023, 05:50 PM
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#4097
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Originally Posted By Azrairc⏩
strong, but it says it's 14 from <2 per share. If you had 10 shares at ~20 it somehow became $14 today
Yes. It became 1 share worth $14 lol
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post 1688950083 08-25-2023, 11:40 AM
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#4098
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Originally Posted By HMFIC_BROWSIN⏩
my first NVDA buy of 60 shares in 2017 is now comfortably 10-bagger status LMAO.
neat.jpg.
really tempted to sell some of my shares now and redistribute to a couple of positions that got destroyed since alzheimer has been president.
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
post 1688950573 08-25-2023, 11:51 AM
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#4099
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Originally Posted By xeron⏩
Someone hold me pls
Lol wtf is Lyfts problem? Why they smashed while Uber stays up?

Also loving the current WBA/CVS smack down. Their business model is garbage and there isn’t another company in the world I enjoy watching crash and burn more than them.


Also Cano having insane volume and jump from 22 cents yesterday. Almost bought back yesterday because it was soooo cheap but didn’t bother. Not even mad.
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post 1688961893 08-25-2023, 03:27 PM
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#4100
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Originally Posted By usersignup2⏩
Can a stock go to less than zero?

No, but it can do one worse..


It gets delisted and your broker won't allow you to sell it, thereby denying your capital loss.
Or it can go up 600% overnight...
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post 1688964333 08-25-2023, 04:03 PM
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Originally Posted By _zman⏩
Or it can go up 600% overnight...
Are you referring to AMC?
post 1688971873 08-25-2023, 06:56 PM
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Originally Posted By HMFIC_BROWSIN⏩
my first NVDA buy of 60 shares in 2017 is now comfortably 10-bagger status LMAO.

neat.jpg.

really tempted to sell some of my shares now and redistribute to a couple of positions that got destroyed since alzheimer has been president.
Are you taking profits or going to keep holding?
post 1689008473 08-26-2023, 02:54 PM
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My goal is to keep holding my stock investments and never sell over the long-term. Is this an OK strategy or should I periodically take profits?
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post 1689010923 08-26-2023, 03:58 PM
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#4104
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Originally Posted By PattBattmann⏩
My goal is to keep holding my stock investments and never sell over the long-term. Is this an OK strategy or should I periodically take profits?
You have profits??


Edit:
In all serious there is never really a reason to change your cost basis if you are profitable. Just forces you to pay taxes when you don’t need to. If you have losers feel free to sell em and harvest up to $3,000 in losses you can write off your income.

Also, for anyone who cares- I’m about to put my money where my mouth is and move from SGOV 1-3month treasury bills and shift into TLT which holds 20+ year bonds. Seems like a good move for holding something for 1-2 years. Likely gonna soak this month maaaaybe September at 5.5% in SGOV then start moving in $10,000 increments into TLT. Once they announce the fed is done hiking yields should drop fairly hard and I figure it’ll give a 5-10% move on face value. Gonna suck if they hike one more time and 30 year yields jump from 4.25 to closer to 4.75 and I end up eating a 10% loss on face value, but I think I can hold longer enough to wait for a recovery. I don’t think they can hold rates higher than 5% past 2024.

I pulled my Ibonds a couple weeks back since they were only getting 3%… got 8% overall for the year and 3 months they sat which is nice but 5.5% definitely better.
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post 1689035733 08-27-2023, 07:16 AM
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Jackson Hole takeaways:

-wants to maintain 2% inflation
-acknowledges inflation has moved down from peak but remains too high
-Prepared to raise rates
-reiterates 2% target
-Talks about "uncertainties"
-Explains what happens when they tighten too little (2-3 sentence)
-Explains what happens when they do too much (one Sentence)

I don't think he's cutting rates because inflation ain't at 2% yet. Said they were prepared to raise rates. Talked quite a lot about what happens if they "tighten too little".

JPOW definitely doesn't want what happened in the 1970's. Something will blow up probably after the 2024 election.
post 1689091393 08-28-2023, 09:34 AM
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Originally Posted By looxmatter⏩
Jackson Hole takeaways:

-wants to maintain 2% inflation
-acknowledges inflation has moved down from peak but remains too high
-Prepared to raise rates
-reiterates 2% target
-Talks about "uncertainties"
-Explains what happens when they tighten too little (2-3 sentence)
-Explains what happens when they do too much (one Sentence)

I don't think he's cutting rates because inflation ain't at 2% yet. Said they were prepared to raise rates. Talked quite a lot about what happens if they "tighten too little".

JPOW definitely doesn't want what happened in the 1970's. Something will blow up probably after the 2024 election.
The guy is stuck between a rock and a hard place. I don't envy his job at all at the moment. He can't cut rates because he knows that inflation will sky rocket since dumb asses will take out free money to consume like no tomorrow. Additionally, commodities/oil are starting an uptrend due to lack of supply and he knows it'll be a headwind to the inflation goal in the not to distant future.

On the other hand, I think he also knows that we're getting close to something falling apart and raising rates can only do so much when we have supply issues. Actually, in a way it'll harm that end because it's raising the cost of capital and making it harder for us to invest and correct the supply-side issues.

If I were him, I'd hike maybe 1-2 more times and then pause for a good while and I think that's what he'll end up doing.
post 1689105463 08-28-2023, 01:40 PM
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JPOW basically saying stop spending money you dont have or Ill keep raising rates until you lose your job and are forced to stop spending. Meanwhile congress is spending at record rates year after year and he is staying "independent". He is trying to keep a budget in line for a serial credit card swiper lmao, poor guy about to age like Obama in office.
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post 1689156433 08-29-2023, 10:54 AM
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#4108
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Just threw more money at DOCS and BROS today.... Plain old shares.

Both companies are healthy, and I have assloads of cash laying around.
post 1689157023 08-29-2023, 11:01 AM
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#4109
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Originally Posted By PattBattmann⏩
My goal is to keep holding my stock investments and never sell over the long-term. Is this an OK strategy or should I periodically take profits?
now that I'm a midlifecel, I am thinking of trimming my BIGGEST individual stock holdings once or twice per year and moving the excess dollars to the S&P500 index....

for example, lets say in one account I have $80,000 in NVDA, and my second largest position is BROS with $60,000.... on January 10th, or whatever date of that year, I would sell off $20,000 of NVDA, and move it over to the S&P500 index...

Then let's say the following year on January 10th, my BROS is now worth $80,000, and my NVDA is worth $50,000.... I'll sell off $30,000 of BROS and move it to my S&P index fund.

in hindsight, if I had been doing this since I opened my IRA's.... I would be MASSIVELY ahead of where I am today.

This method would scrape excess cream off the top of certain positions when it might be doing an excessive rally.
post 1689157593 08-29-2023, 11:11 AM
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#4110
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Originally Posted By looxmatter⏩
Are you taking profits or going to keep holding?
I actually sold a little bit. Still holding a LOT, though. NVDA is still my biggest position.
Originally Posted By TugOfPeace⏩
Whats your cost basis on both?

I've been trying to break even on these and its taking forever. $50 on BROS and $53 on DOCS. Sheeeit
The thing is, these companies are healthy.... I'm basing my buying and holding on that.

IDGAF what my cost basis is, because the companies are doing just fine.... Yeah I'm getting pounded in the angus, but the massive sell off on these is irrational.

UPST not so healthy, hence why I'm not adding to that one.
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