The Rokslide Stock Traders Thread

[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?

 

[kipper09]

I been watching ServiceNow (NOW). I actually picked some up today. I think it has some upside and think it’s a good company.


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[Beendare]

MU almost a double in a month....up 95%- wow.

I'm happy but at the same time mentally prepping for a big drop.

 

[fmyth]

My RKLB position is up 30% today! Crazy market.

 

[LFC911]

MU almost a double in a month....up 95%- wow.

I'm happy but at the same time mentally prepping for a big drop.

and we'll all jump back in after we sold it, right @IdahoBeav

 

[fmyth]

I've been self employed for 26 years and have a high deductible health insurance plan that I pay dearly for. I have put the max into my HSA for about 10 years now and have always used that money to pay my deductible, dental, prescriptions, glasses etc. 3 years ago I discovered that I could invest the cash balance in my HSA. I had no idea. I had about 20k sitting in my HSA drawing 0% interest. I promptly invested all but $1,500 of my cash balance through my HSA's partnership with Schwab. Since opening the account with Schwab 3 years ago my balance has been as high as 76k. Below is a snapshot of it today. My HSA bank ended its partnership with Schwab a year ago so I can't trade and can only hold or cash out. I'm stuck in my positions unless I want to transfer my HSA to a different bank. I am considering transferring it to Fidelity. My goal is to get this account to 100k and then sell all my current positions and move the money into STRC or a similar high yielding dividend stock or ETF. The current yield of STRC is 11.5%. In theory this HSA will yield enough to pay my yearly deductible and non covered health/dental expenses without any further contributions from me. At age 65 (7 years) I'll enroll in medicare, buy a supplemental policy and begin making yearly cash withdrawls from my HSA.

If you have an HSA you might consider investing a portion of it.

Don't copy my trades as I am a degenerate gambler. I'll likely die bald, naked, broke and crying. The same way I came into this world.

 

[IdahoBeav]

and we'll all jump back in after we sold it, right @IdahoBeav

I'm holding off.......now watch it go to $1200+

 

[HuntHarder]

IREN's deal with Nvda bumping it up good today. I bought into Intel 2ish weeks ago, up 55%, thinking i should take my gains and run. Historically a turd stock, but with the gov't involvement and TSMC interest, I am left wondering where this stock ends up in 6 months.

 

[IdahoBeav]

RKLB has done 30% since close yesterday

 

[MountainTracker]

Tesla has been moving good the last 30 days.

Produce of the Optimus bot will apparently be starting this month.


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[fmyth]

IREN's deal with Nvda bumping it up good today. I bought into Intel 2ish weeks ago, up 55%, thinking i should take my gains and run. Historically a turd stock, but with the gov't involvement and TSMC interest, I am left wondering where this stock ends up in 6 months.

I'm holding a small amount of IREN in my IRA (596 shares). I'm up 122%. It's a gamble but I'm going to hold. I think it will continue to run.

 

[HuntHarder]

I'm holding a small amount of IREN in my IRA (596 shares). I'm up 122%. It's a gamble but I'm going to hold. I think it will continue to run.

I sure hope so. I have have half of what you have (250 shares) and am up (44%). Lets hope for a continued climb.

 

[betelgeuse]

All new money in large cap 401k and all current balance in money market.....some big buying and the big chunk slow and steady....5yrs till retirement

Same here !

 

[betelgeuse]

I wish I would have bough more GooG when it was 140 !

 

[Beendare]

For those holding NVO;
Novo: Doctors wrote about 1.3 million prescriptions for oral Wegovy in the first quarter -- its first quarter of commercialization -- and as a result, the Wegovy brand now has captured 65% of new prescriptions in the U.S. Novo chief executive officer Mike Doustdar, in an interview with CNBC, called this a "turnaround situation."

Lilly has a competitive pill that is a completely new formulation. Docs aren't familiar with it- no track record- so for now it's slower to adopt. It remains to be seen if it will have better results the Lilly shot that has people seeing more weight loss from their drug.

Lilly's pill doesn't have the restrictions of NVO's, people can take it anytime- with or without food.

NVO- PE11, LLY -PE= 33, NVO is seriously undervalued

Its not all rosy for NVO, pricing and competitive pressure;

Full-year guidance was nudged upward by 100 basis points, with Novo now targeting sales and operating profit decline of between 4% and 12% at constant currency, reflecting the stronger pill trajectory partially offset by continued pressure on Ozempic pricing in the US and a weaker insulin franchise.