OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[monstar]

Even with more COVID shutdowns coming and the inevitable suspension of NFL games? DKings is good for a long term investment, but short term I see nothing but pain.

100% correct, this would be a long play.

But its more attractive then a casino with the regular overhead for now

and its currently operating while a number of states do not have access to it.

Covid has not stopped people from making a quick run to Reno in Norcal to place a sports bet.

Giving people freedom to do it from their mobile device is a game changer.

Nevada will slowly start to lose its appeal especially as now as theyve opened up the strip to everybody. Historically Orleans, Redrock, South Station cater to an older demo and cheaper demo. The strip has transitioned and it will be sometime prior to

 

[crownedhead]

Thoughts on NIO?

I'm considering opening a decent position on them. I'm currently doing my DD but wondering if anyone has any insight or analysis.

 

[noskey]

I've got a share. Figured I'd wager what was in a Robinhood account on this and see what happens in a few years. Maybe itll be worth $50 by 2022.

 

[alfa]

So I’ve been going down an international e-commerce rabbit hole, so I’ve been building positions in:
BABA, TCEHY, SE.
JMIA and MELI on a small position, so far.

As things get more volatile, I plan to DCA my way into larger positions, since BABA and TCEHY appear to be the tech titans in Asia, and soon, globally since they’re already lurking in so many different areas . Looking at going long on SE. MELI likely there too.

Trying to reconcile opportunity cost right now since valuations are all over the place.

Eyeing FSLY, haven’t pulled the trigger there yet.

 

[johnnyredstorm]

Long all of those but meli and baba. Would own them though.

added more twlo. Good earnings, TAM growing, DBNER back to expanding.

stopped in square and OKTA. Looking to bu back square at 155, 163, 165.

UOA in VXX lottos. Next week 48s. 5,000 of them. I grabbed two at .21 as a cheap lotto hedge. Probably goes to 0.

 

[noskey]

Added more CHWY. Breeders are starting to have litters again and this is during an upswing in COVID #s. There's ****ing backlogs for puppies, during a global pandemic and an economic recession (here we come, depression). If CHWY can't guide to unbelievable numbers at their next earnings report, they dont deserve to be their own entity and should be bought out by PetCo or something.

For an update, my becky portfolio is coming along nicely.
CHWY
LULU
PINS
PTON

AAPL and SBUX if they still fall under Becky. Will stay out of ULTA until the pandemic has a vaccine. Might add NLS to get more exposure to at-home workouts without adding to the overbought PTON position; might re-enter ETSY before earnings tomorrow...

 

[degenerate423]

Be careful on ETSY, you know how people like to sell off after earnings .

 

[ballinsam23]

Not falling for the CHWY and ETSY play again.

 

[johnnyredstorm]

I’ll buy the gap down maybe

started back into Sq, added to estc,, bought back PGNY added more twlo

 

[noskey]

So I should wait on ETSY? I know they've had wild run, but their RSI for the past 5 days, 1 month, and 3 month charts is hovering around 50-55. Not opposed to waiting thru earnings.

 

[johnnyredstorm]

So I should wait on ETSY? I know they've had wild run, but their RSI for the past 5 days, 1 month, and 3 month charts is hovering around 50-55. Not opposed to waiting thru earnings.

I really liked their chart on Thursday and Friday and botched it. Little harder to be long up here. I say just buy 1/4 size of your position before and add more later if it makes sense to you.

 

[lazyj10]

I grabbed $55 C's on PINS yesterday since everything was hammered in the red. Hoping for the earnings pop to get ITM and then sell. Went with Nov calls to hedge on time.

Also grabbed some OTM FBs 11/20 $350 Calls as a straight gamble.

 

[truss]

PTON lawsuits?

 

[noskey]

PTON lawsuits?

Related to the recall? Tbh it doesnt matter. Becky's wont stop buying these.

 

[johnnyredstorm]

Fantastic quarter for Microsoft. Really enticing if you want large cap growth. I put it behind Apple still but this is a great long term winner.

 

[coolcool]

Got in some pins calls for this week. Hope for a massive beat and growing

 

[johnnyredstorm]

I’ll be honest, be careful betting on pins earnings they need to show a 50% revenue beat and guide to send the stock higher. I’m expecting a muted reaction and seeing this build a base. This one bases for a while after a big move. This will be a $100 stock by this time next year but give it time to work.

 

[noskey]

I’ll be honest, be careful betting on pins earnings they need to show a 50% revenue beat and guide to send the stock higher. I’m expecting a muted reaction and seeing this build a base. This one bases for a while after a big move. This will be a $100 stock by this time next year but give it time to work.

Yeah I'm hesitant too. They grew fast this quarter, real fast. Tomorrow might be all profit taking.

Or they get a tailwind like SNAP and run another 20% Hope they do, really like this position and want to see it continue growing.

 

[ahat]

Lots of good info in here, recently got back into it just been monitoring what ive been holding for the most part. Got rid of tesla earlier this yr, got in back in 2013.

Holding Moodys (got in 2016), mcd, twitter (i remember thinking i goofed way back), corus, some pins, and peloton.

I like draftkings as well. Def regret not getting in on zoom when i first heard about it back in March.

 

[coolcool]

True. Hpefully the run up is good enough to take before close

 

[jrod54life]

damn amd kills the quarter and stock goes down instead of up lol

cant wait to see wat happens with fsly

 

[ballinsam23]

damn amd kills the quarter and stock goes down instead of up lol

This honestly has been happening throughout the year. Stopped playing the earnings game because of it. A lot of the run-up is in the week or two before.

 

[fluid hips]

Just saw a TikTok ad during the world series. Future IPO eminent

 

[johnnyredstorm]

damn amd kills the quarter and stock goes down instead of up lol

cant wait to see wat happens with fsly

Signal Sciences will be reported in the next quarter most likely. Should cover the miss from losing Tiktok. I say stock rallies over 80 on a guidance raise.

 

[johnnyredstorm]

This market is punishing recklessness finally. Patience is more important now than ever. I'm getting smoked from being exuberant and jumping in too early on these dips.