***Official*** 2018 Stock Market Thread

[s0me0nesmind1]

Nope! Not disappointed in you at all. You're playing the long game on this stock and there is nothing wrong with that. I may join you with MU as well. My problem is that EVERYTHING I want to buy is at it's all time highs, and I'm having a very difficult time buying into anything. I'll give you an example: I really wanted to add more of AMZN to my portfolio, but when I see my cost basis of my original shares being $47.07 that I bought in January of 2008, and it closed yesterday at $1,598.39, I look at this and say WTF, no way am I adding more shares. My problem right now is that I have too much cash and I'm having a difficult time with my investment strategy.

I'll be honest, my two buys so far has been HPE and Chipotle. Both have a lot of room to grow after their losses of recent.

Maybe I'm stupid though, with the market right now it's just hard to target stocks that aren't already priced way above what they should be.

 

[dasherHampton]

Slept in today. Good thing.

Not much out there. Looks like MU is still the most interesting story by far.

 

[dasherHampton]

I'm still going to force myself to make one trade today.

Anybody tracking anything good?

 

[dasherHampton]

I bought a little Micron and it immediately dropped half a point!

I have the power! lol

 

[FIVR]

I don't day trade. Mr. Buffet taught me not to.



I sold some AMD 12.50 calls yesterday for .46 (crazy prices) and they are now up 70%. Certainly will expire worthless. I have figured out the perfect way to trade AMD:


Long AMD shares
Short AMD weekly calls
Long AMD LEAP calls

 

[dasherHampton]

Mr. Buffet also says to not borrow money to invest.

Which is exactly how he got wealthy.

 

[FIVR]

I don't trade on margin either. I have plenty of funds though, don't really need margin.

 

[dasherHampton]

Nothing wrong with that.

 

[dasherHampton]

APA is on the rise.

I have plenty, but its worth looking at.

 

[dasherHampton]

CORT has piqued my interest to a certain degree.

 

[woodman1999]

Well, at least I didn't completely top-tick MU...

 

[dasherHampton]

I think everyone has to decide whether they're long or not. If you're looking for it to hit 80,90,100 it's not going to matter that much if you buy it at 55 or 57 or 59.

If you're short you'll have to keep a keen eye on it indefinitely.

 

[dasherHampton]

I've been studying INCY a little the last few days and it certainly looks like a stock to possibly ride up the ladder.

 

[AznAnarchy99]

Nope! Not disappointed in you at all. You're playing the long game on this stock and there is nothing wrong with that. I may join you with MU as well. My problem is that EVERYTHING I want to buy is at it's all time highs, and I'm having a very difficult time buying into anything. I'll give you an example: I really wanted to add more of AMZN to my portfolio, but when I see my cost basis of my original shares being $47.07 that I bought in January of 2008, and it closed yesterday at $1,598.39, I look at this and say WTF, no way am I adding more shares. My problem right now is that I have too much cash and I'm having a difficult time with my investment strategy.

I feel the exact same way. It's the cheap Asian in me that's always looking for the best price. The other day I bought AMZN at $1490 and it dipped lower to $1460 and I was pissed even though I plan on holding for the long long run. I want to eventually buy more but it hit $1600 yesterday and I'm like, "but I bought it for less...". Hard to get out of that mindset.

 

[dasherHampton]

I'm thinking about buying 1000 shares of GE and putting them in the lockbox for a few years.

Am I completely insane? Have I lost it, man?

 

[AznAnarchy99]

I'm thinking about buying 1000 shares of GE and putting them in the lockbox for a few years.

Am I completely insane? Have I lost it, man?

Do they have any plan of making a comeback?

 

[dasherHampton]

The opinions I've researched vary greatly.

It's a true roll of the dice. If I do buy in I'll probably set a sell price of around 13.

 

[DietDrThunder]

Do they have any plan of making a comeback?

I wonder that myself. If you buy GE just be careful and watch it closely. Long ago I bought 3DFX, a former rival of NVDA and I lost everything on that stock because I wasn't paying attention to it.

 

[dasherHampton]

OK, Im in around 14.40. We'll see how this debacle turns out.

O hiked it's div a smidge. I've watched that stock on and off over the years,

 

[JEDI]

ahh.. Trumps trade war might widen to include China in general.

drop drop drop.
as of yesterday, my long term corp bonds is down -4%.
if I didn't sell my large caps to buy those corp bonds in anticipation of a Trump stock market meltdown, I would be up 3.5%.

7.5% swing

drop drop drop
dow 19.9k please!

 

[FIVR]

IIVI up 7.4% right after I sold my calls. Nice



I should be thankful for the 60% return i got on those but I'm not. I'm bitter and Tempted to buy them back for twice what I sold them

 

[FelixDeCat]

IIVI up 7.4% right after I sold my calls. Nice



I should be thankful for the 60% return i got on those but I'm not. I'm bitter and Tempted to buy them back for twice what I sold them

A profit is a profit is a profit. And 60% is very good. What is your next move?

 

[DietDrThunder]

A profit is a profit is a profit. And 60% is very good. What is your next move?

At first I thought you were quoting one of the Ferengi Rules of Acquisition, but then I remembered:

Ferengi Rules of Acquisition #41 - "Profit is its own reward".

By the way, I'm sure glad that no one on AnandTech owns ToysRUs. They are closing all of their US retail stores. Which reminds me of another rule:

Ferengi Rules of Acquisition #162 - "Even in the worst of times, someone turns a profit".

 

[dasherHampton]

APA still running strong.

My profits are capped since I sold calls at 36.5 but that's A OK with me.

 

[dasherHampton]

Kudos to anyone who held DLTR through the dip.