The Rokslide Stock Traders Thread

[noisy]

AI is here to stay, I firmly believe. We are finding more and more uses in manufacturing daily and that is with our limited knowledge of it. I can only imagine what benefit we will find once we get a decent foot hold on what all we can apply it to. Jobs WILL be replaced and ARE currently being rebalanced due to their roles being minimized. There is $$ to be saved for a company who can harness and apply it properly.

So if AI leads to job losses, high unemployment and recession, where does that leave the tech companies?

 

[bozeman]

Tech companies who have no vision and or strategy to harness the power of AI will be gone, as they should, companies who have a vision and strategy will thrive. Not a hard concept to grasp. There will be new AOL's and new Meta's..........

 

[signing off]

KULR reports tomorrow. Something positive would be awesome. Found out about the announcement this evening and would have considered another purchase but now just wait and see.

 

[aftriathlete]

KULR reports tomorrow. Something positive would be awesome. Found out about the announcement this evening and would have considered another purchase but now just wait and see.

Yeah I’ve been riding that one on the way down too, in addition to MSTY. I’m not killing it lately other than the silver lining that I have a lot in cash ready to take advantage of something.

 

[Ucsdryder]

This thread has gotten a little quiet lately.

I haven’t even looked at my portfolio in 2 weeks. Part of me wants to throw money in and part of me wants to put it under my mattress.

 

[LFC911]

This thread has gotten a little quiet lately.

I haven’t even looked at my portfolio in 2 weeks. Part of me wants to throw money in and part of me wants to put it under my mattress.

i sold all of my Google stock yesterday and holding about 30% in cash and bonds. Thinking about selling Apple today.

 

[MountainTracker]

Intuit/turbo tax will be using open AI paying over $100 million a year. I figured the tax people would lose jobs to AI.

Intuit to pay OpenAI over $100 million a year for model access, ChatGPT integrates with TurboTax

Intuit has struck a $100 million-plus annual deal with OpenAI to bring AI into its financial products like TurboTax and QuickBooks.

www.cnbc.com

Rumors Tesla will be starting up robo taxi in Japan. Waymo is there with 24 vehicles.


Sent from my iPhone using Tapatalk

 

[Beendare]

i sold all of my Google stock yesterday and holding about 30% in cash and bonds. Thinking about selling Apple today.

Goog is my #1 pick for the long term. It's at a Decent valuation that could really pop if they kill it in a couple business segments. I get it, it's up 39% in 3 months...but thats how these stocks go....flat for awhile then they pop. They have a 32% profit margin....a billion captive clients...and earnings is projected to be up 19%. I personally own a bunch of it.

Some of the stuff I'm watching- CBRL, META, MGM- all still going through tax loss harvesting so I'm biding my time on buys....probably another couple weeks before any decent size buys.

I'm looking hard at ANET and will be buying more QTEC but both are going through the readjust of the overpriced AI trade- hard to pick a buy in price.

 

[LFC911]

Goog is my #1 pick for the long term. It's at a Decent valuation that could really pop if they kill it in a couple business segments. I get it, it's up 39% in 3 months...but thats how these stocks go....flat for awhile then they pop. They have a 32% profit margin....a billion captive clients...and earnings is projected to be up 19%. I personally own a bunch of it.

Some of the stuff I'm watching- CBRL, META, MGM- all still going through tax loss harvesting so I'm biding my time on buys....probably another couple weeks before any decent size buys.

We just fired a CFP and took my wife's portfolio back over from him and put all the funds back in Fidelity. He had like 50-60 individual stocks in her traditional and Roth IRA and only a couple of mutual funds. I'm harvesting some gains and stopping some losses on some of the dogs. The goal is to put most of it back into low cost mutual funds and setting aside some cash if/when the bubble pops.