The Rokslide Stock Traders Thread

[LFC911]

I DCA'd into NVO and have 535 shares at an average cost of $43.68...glad to see it's up.

 

[Beendare]

BX: Still uphill sledding due to others in their sector dropping the ball. This is the Gold standard, smartest people in the room and still a buy at $122. If it tests below $120 I will nibble some more.

ANET;
It dumped 17% yesterday on news their growth wasn't going to be like the rocket ship it had been. Analysts still guiding for 35% plus growth. They do switching in Data centers and the risks here is NVDA and others enters their market. They have a very good solution but not the stranglehold on the industry that NVDA or TSM has. I will be buying more if it dips below $130 but if it holds here for a week or so it's a decent buy if you don't own it.
ANET is a good example of these stocks that are priced to perfection with a high valuation and when they announce good but not great EPS- watch out. I think the lightning fast traders over reacted. Any opinions of playing this with a 3mo plus call option? Seems expensive.

 

[EuroOptic]

What do you guys think of YieldMax ETFs like AMZY or GOOY?

 

[Beendare]

I DCA'd into NVO and have 535 shares at an average cost of $43.68...glad to see it's up.

The hit on them is not sales- which are up but the hit was from discounted pricing which was predictable. They are currently at a Pe of about 12, historically they are at the industry PE24- thats a double from here though I think it will take a year or so to see 30%, 40 % plus.

BTW, I mention PE a lot here as a valuation metric. I don't rely on that 100% but I do look at all value metrics especially industry comparisons. It's all part of the, "Would I buy it now" philosophy. Stocks with good metrics tend to revert to the mean....IE; if it's cheap they tend to rise.

There are technicals involved, stocks that have dropped will meet resistance at that point on the way back up so it might take awhile. NVO is hitting that resistance now. Another example is the LT chart of Bitcoin. Lots of resistance in that 83,000-84,000 level. My bet is the current rally stalls in that range unless there is some extremely positive news.

AMZY- a derivative income ETF. Yuk. They are essentially paying you your principal. A Look at the 5 year chart tells you everything you need to know- it's not good. If you want solid div income something like SCHD is decent. Don't take my word for it-Compare the 2 long term charts.

 

[Beendare]

More NVO- if you think as I do it will stall in that resistance level;
( I would love to hear others opinions on this that do a lot more Option trading than I do)

A guy can sell call options just out of the money. I'm considering this with my NVO- though I've done it with other stuff in the past, had it called away, been taxed and left a lot of gains on the table. Sure, anytime a guy makes money he should be happy but the second guessing is tough.

I'm looking at 36 day option that gets me 3.5% in premium at $48. I think the stock will stall here at 36-37 but if it doesn't, I limit my gain. The further out of the money 50 calls only pay about 2%. And of course my projection is more guess than anything. Opinions?