The Rokslide Stock Traders Thread

[Spoonbill]

Normally not one to really be bothered by volatility, except currently there is a portion of my investments that I was looking to cash out sometime this summer and put towards a house.

I’ve never been in a position where I actually was interested in using that money in any sort of short term timeframe before, and The internet is obviously the best place for financial advice so I figured I’d ask…

Pros/cons to selling a few positions that are up and limiting a few losses on ones that are down?

The amounts aren’t prohibitive to the point I can’t build if (when?) things crash further. But I also tend towards the bird in the hand type approach so I’m considering bailing out earlier than planned on a few things…

I guess it depends on how much you really need the money. Taking profits is never a bad thing. If you think some of the stocks are going to rally between now and the summer I would say hold on.
You can always sell enough to get your initial investment out, at that point you are playing with house money on the rest.

 

[LFC911]

Who is buying AMZN today?

 

[SWFLhntr]

Good call.
Me lol.

 

[LFC911]

Good call.
Me lol.

yep just stocked up

 

[Coveyleader]

I have a large holding of AMZ, 50/50 red green today. KInda disapointed in it really.

CAT is simply crushing it on the year, and today once again!

 

[LFC911]

I have a large holding of AMZ, 50/50 red green today. KInda disapointed in it really.

CAT is simply crushing it on the year, and today once again!

They need those dozers and dump trucks to mine that shiny stuff

 

[Coveyleader]

They need those dozers and dump trucks to mine that shiny stuff

For sure, I picked some up back in april, its at +147%, some I bought in December is @ 25%. Its been my best performer, and I'm about to take some profit and check out.

 

[Pharmseller]

Dead cat bounce, or are we done with the shedding?

 

[Beendare]

Wow, AMZN dropping below its 200 day moving average.

It's shocking to me the folks at GOOG and AMZN didn't see what happened to META when they announced huge spending on AI infrastructure and the stock got slaughtered. Thankfully, META management backpedalled.

So then GOOG and AMZN come out with the same announcement- WTF did they think was going to happen?

The disappointing thing about these stocks for me here is- the market is telling their management 'Back off" but they are forging ahead anyway. META and GOOG make appx 50 cents on the dollar in profit- thats huge...but if they are just going to waste it on hardware that is obsolete in 5 years, what good is all of that profit?

I have been riding the wave in these tech stocks...but now the market is telling me that the risk just may not be worth it. This is where the mental aspect of investing is hard for me, I had high conviction in these names but now management and the market has changed.

I've been here before and it didn't work out so well. I'm not going to dump these names entirely but I do need to diversify and hedge a little on these up days.

 

[TX_Diver]

Dead cat bounce, or are we done with the shedding?

Yes


Had been buying a bit more SMR each day this week. Held off first thing this as I was debating selling some stuff. Oops…

 

[Broomd]

Loving good 'ol PR....up at $17 today and sitting stable there...a new 52 week high.
Hard to fathom that six years ago we were buying 1000's of shares at .26 ...
The gift that keeps on giving.

Anyone else still holding there for the divs, etc?

 

[Ferrulewax]

Loving good 'ol PR....up at $17 today and sitting stable there...a new 52 week high.
Hard to fathom that six years ago we were buying 1000's of shares at .26 ...
The gift that keeps on giving.

Anyone else still holding there for the divs, etc?

I'm in on PR, but no where near as low as many of you bought it. I think I paid 7$-9$ a share.

Got any new PRs to give me?

 

[Broomd]

I'm in on PR, but no where near as low as many of you bought it. I think I paid 7$-9$ a share.

Got any new PRs to give me?

You know, I've been mostly in tech-heavy mutual funds these days which have really killed it before this small dropoff lately, but do still have 16k shares of PR. This latest hold has been 20 months, so it's been long, and at times frustrating.

Obviously the divis are fantastic for just holding, but it's overall been the stock of a lifetime for many of us investors. Pure luck to find it in early '20 and get in at Covid lows.

Btw, you did well buying in!