Stock Advice Thread

[AustinTXCat]

CMCSA should also do well until after the midterms and Covid winter for the theme parks.

Thanks. Agreed. Here's one of the crazy little quirks about DRiPs, mergers and divestitures: I own 6.451 shares of CMCSA via AT&T spinoff from over 20 years ago. For a long time, I received quarterly dividend checks for between 0.19 and $1.14 during 2008-2018. Finally, I contacted DRiP transfer agent and reinvested dividends.

Gets better with CMCSA. Planned on purchasing $50/month worth of shares a few years ago. The doggone fees are insane. Something like $5 per transaction.

But yes, CMCSA looking good for near and long-term investing as well.

 

[jameslee32]

Thanks. Agreed. Here's one of the crazy little quirks about DRiPs, mergers and divestitures: I own 6.451 shares of CMCSA via AT&T spinoff from over 20 years ago. For a long time, I received quarterly dividend checks for between 0.19 and $1.14 during 2008-2018. Finally, I contacted DRiP transfer agent and reinvested dividends.

Gets better with CMCSA. Planned on purchasing $50/month worth of shares a few years ago. The doggone fees are insane. Something like $5 per transaction.

But yes, CMCSA looking good for near and long-term investing as well.

I can't speak for DRIP's thru a company but every account I open I have to tell them to reinvest. My first brokerage account at TD I never did that so for years I wasn't purchasing stock with those dividends. It was going straight to the cash settlement account. You live and learn.

That fee is nuts! Although it has appreciated nicely with more diversity including theme parks and a movie studio.

 

[AustinTXCat]

Back into T for like 4th or 5th time over past twenty years. Purchased at $24.27.

Let's see what results their management brings.

 

[jameslee32]

Bought RBLX, more TWLO, JEPI and VT.

 

[jameslee32]

Back into T for like 4th or 5th time over past twenty years. Purchased at $24.27.

Let's see what results their management brings.

My VZ trade just executed today at $51.50. Irony.

 

[BlueRaider22]

My VZ trade just executed today at $51.50. Irony.

5150. Works as the police code for someone who is mentally ill............or one of Van Halen's great albums.....

 

[Bigblue2023]

Buy up as much SOFI as you can for a long term investment. Massive upside…

 

[BlueRaider22]

Buy up as much SOFI as you can for a long term investment. Massive upside…

Mmm.....looks like a fair time to buy. I'll add it to my watch list..

https://www.nasdaq.com/articles/should-investors-load-up-on-sofi-stock-before-earnings-heres-what-you-need-to-know

 

[jameslee32]

Be careful with fintech. Too many companies I guess. I'm long and buying lower in names like V and PYPL but would have been better off just buying a bank or adding to VFH.

 

[Bigblue2023]

Be careful with fintech. Too many companies I guess. I'm long and buying lower in names like V and PYPL but would have been better off just buying a bank or adding to VFH.

I agree, but SOFI is diversifying in a way none of the others are and read up on their CEO. This is a solid buy, but not for the short term.

 

[Dubya C Dubya]

Facebook getting destroyed After Hours. I wish it would go to zero.

My MO and XOM have done great since the Pandemic Bottom.

 

[jameslee32]

PYPL got destroyed as well. Luckily I only risked 1.4% of the IRA but still not sure if I'm buying lower. The guidance is shitty but they generate so much cash it's hard to totally give up on it.

Still own FB as well. Playing with house money so it could literally go to zero and have no impact. It's been a great stock but I don't use their products.

 

[LineSkiCat14]

Hey I got some XOM, too!

Picked up some ABBV and VICI. I read some articles on VICI and the casino game and how they're buying up parts of the Vegas strip. I figured with COVID pulling back it was a decent buy.

Picked up IONQ as the first Quantum computing stock to go public at $8 back in October, shot up to nearly $30, and now back down to $11. Bleh.

I now have $200 worth of my monthly pay deposited into Schwab (well Ally first), and I just spread it around.. mostly stock slices to get exposure to the higher priced stocks, sometimes stuff I read on SeekingAlpha, and even some of what I see here.

 

[LineSkiCat14]

Is Facebook/Meta worth a look with this drop? I know their sales missed the mark, but I feel like the stuff with Apples privacy will get worked out, where FB finds a way to recoup that projected 10bil loss.

 

[jameslee32]

Is Facebook/Meta worth a look with this drop? I know their sales missed the mark, but I feel like the stuff with Apples privacy will get worked out, where FB finds a way to recoup that projected 10bil loss.

They have quite an ad revenue moat around the business and has bounced back nicely from every negative earnings report or news event so far. They have been Teflon in that regard and just might be again unless regulated by the feds. Tik Tok is the biggest threat apparently and Zuck repeated it 6 times in his conference call.

 

[lz]

They have quite an ad revenue moat around the business and has bounced back nicely from every negative earnings report or news event so far. They have been Teflon in that regard and just might be again unless regulated by the feds. Tik Tok is the biggest threat apparently and Zuck repeated it 6 times in his conference call.

Same old story, James, lots of great companies will bounce back, age old question for me has always been “When, 3 months or 3 years, how long must I wait for the bounce back?”

 

[jameslee32]

Same old story, James, lots of great companies will bounce back, age old question for me has always been “When, 3 months or 3 years, how long must I wait for the bounce back?”

I think something like FB may not give you as much time as say PYPL. Any good news will have the entire tech sector bounce as we saw last Friday. I will be buying again at some point, just not sure if it will be these two. HON took a hit today also and is a very good company for example.

I seem to always do more buying this time of year even though we seem to have more geo-political and pandemic news than ever. Truth is buying and holding good companies has worked better for me than trading. I've probably had as many misses as hits as a trader. lol

 

[LineSkiCat14]

They have quite an ad revenue moat around the business and has bounced back nicely from every negative earnings report or news event so far. They have been Teflon in that regard and just might be again unless regulated by the feds. Tik Tok is the biggest threat apparently and Zuck repeated it 6 times in his conference call.

I know that Facebook has it's own version of what TikTok does. And what's nice about it is that it's right in the app/webpage. No need to open up another app to see these 10-second videos of girls shaking their asses.

I could see people starting to use it by default because it's "right there". In a similar way to how Facebook started doing "stories" which was essentially what Snap chat did 5-10 years ago. I don't know if it will kill either of these apps, but it seems Facebook is more than holding it's own by creating the same thing and tapping into it's ginormous userbase, one that dwarfs both.

I think I'll grab a share or two.. lol thats all I can put towards it.

 

[gobigblue812]

MVST has been making a move recently.

 

[LineSkiCat14]

MVST has been making a move recently.

Nice!

Just bought 3 stocks.. that's right, 03.

Kind of a high roller..

 

[BlueRaider22]

I’ve been boring. I’ve been buying some stable dividend stocks on the downswings. WM, etc

 

[Bluesbrother]

IDK...but looking at the FB chart and a better name change might have been FacePlant rather than Meta.

 

[Bluesbrother]

Nice!

Just bought 3 stocks.. that's right, 03.

Kind of a high roller..

If you caught some upside on MVST...congrats but it looks like it might have been a short-term move. Some caution might be warranted hanging onto long positions for that one. I don't see any longer-term bull legs just yet...JMHO.

 

[jameslee32]

DIS up 8% after hours. Companies that beat expectations are rewarded and frequently are able to pass along inflation costs. Those that miss get destroyed.

 

[lz]

FWIW, a very hot sector currently is dry bulk shippers-ESEA, ZIM, DAC, NMM, EDRY, etc.

 

[LineSkiCat14]

Can someone explain what this means:

Please note, special maintenance requirement of 100%. Haven't seen this before on any of my Schwab trades. It's for Cybin, a pharma company dealing in psychedelics for treatment. $1 a share.

 

[Bluesbrother]

Can someone explain what this means:

Please note, special maintenance requirement of 100%. Haven't seen this before on any of my Schwab trades. It's for Cybin, a pharma company dealing in psychedelics for treatment. $1 a share.

Maintenance Requirement Disclosure

1. Maintenance requirement data updates every 15 minutes or upon an event that changes your balances or positions, such as a trade execution, debit transaction, etc.
2. If you have a special maintenance requirement on your account that is greater than the equity-specific requirement, then the account level maintenance requirement will supersede the equity-specific requirement.
3. Stocks trading for less than $3.00 are not marginable.
4. Margin requirements may be changed due to concentrated positions, non-diversification, changes in market conditions or at Schwab's discretion.

 

[ukcatz12]

Can someone explain what this means:

Please note, special maintenance requirement of 100%. Haven't seen this before on any of my Schwab trades. It's for Cybin, a pharma company dealing in psychedelics for treatment. $1 a share.

I’m guessing you bought on margin? If so Schwab thinks it’s a high risk stock so you need to have 100% of the value of the shares you bought of that stock in your account in case they margin call you.

 

[Bluesbrother]

DIS up 8% after hours. Companies that beat expectations are rewarded and frequently are able to pass along inflation costs. Those that miss get destroyed.

That's not always the case, as I'm sure you've noticed. I wonder why those companies who beat their earnings, too often, are punished with a falling share price as a result of the announcement and vice versa? Markets are dynamic and can be complicated which makes them interesting, I suppose.

 

[Bluesbrother]

I’m guessing you bought on margin? If so Schwab thinks it’s a high risk stock so you need to have 100% of the value of the shares you bought of that stock in your account in case they margin call you.

I think you are right ... shares trading for less than $3/share are not marginable. I think he said the shares he referenced were trading for $1.

 

[LineSkiCat14]

I think you are right ... shares trading for less than $3/share are not marginable. I think he said the shares he referenced were trading for $1.

Forgive me here, but isn't Margin trading buying stock while borrowing money from the broker (or something similar). Idk, I've never gotten into Margin trading or anything advanced. Just buy and hold and only with money i have in the account.. Is there something with Cybin that forces a Margin trade? I mean, I had the $40 to buy roughly 40 shares.

Quickly reading on Margin trading, that's definitely not something I'd want to do haha.

 

[jameslee32]

That's not always the case, as I'm sure you've noticed. I wonder why those companies who beat their earnings, too often, are punished with a falling share price as a result of the announcement and vice versa? Markets are dynamic and can be complicated which makes them interesting, I suppose.

Often the quarter will look great vs expetations but the company could also give shitty guidance. Not every company gives guidance yet this is killing a lot of stocks this earnings season.

 

[jameslee32]

Forgive me here, but isn't Margin trading buying stock while borrowing money from the broker (or something similar). Idk, I've never gotten into Margin trading or anything advanced. Just buy and hold and only with money i have in the account.. Is there something with Cybin that forces a Margin trade? I mean, I had the $40 to buy roughly 40 shares.

Quickly reading on Margin trading, that's definitely not something I'd want to do haha.

Call Schwab and tell them to refuse trades that can't be funded from the account balance. You could have borrowed without realizing it.

 

[AustinTXCat]

Forgive me here, but isn't Margin trading buying stock while borrowing money from the broker (or something similar). Idk, I've never gotten into Margin trading or anything advanced. Just buy and hold and only with money i have in the account.. Is there something with Cybin that forces a Margin trade? I mean, I had the $40 to buy roughly 40 shares.

Quickly reading on Margin trading, that's definitely not something I'd want to do haha.

Margin trading is one reason people jump out of multi-story buildings.

 

[LineSkiCat14]

Call Schwab and tell them to refuse trades that can't be funded from the account balance. You could have borrowed without realizing it.

I mean it shows that $40 came out of my "cash & money market" account as it should. I looked at the purchase history and the purchase of Cybin, compared to my other purchases look the same. Nothing that even mentions "margin". But it's funny, I went to purchase 5 more shares, market order, nothing fancy, and I still get that "100% message".

 

[Bluesbrother]

Forgive me here, but isn't Margin trading buying stock while borrowing money from the broker (or something similar). Idk, I've never gotten into Margin trading or anything advanced. Just buy and hold and only with money i have in the account.. Is there something with Cybin that forces a Margin trade? I mean, I had the $40 to buy roughly 40 shares.

Quickly reading on Margin trading, that's definitely not something I'd want to do haha.

I don't think that message triggered because of your specific transaction but rather programming in the Schwab system that flagged your transaction and account to remind you that margin would not be available for that stock should you request it. Nothing personal regarding you or your trading account but just reminding you that if you want to trade that stock ... don't expect Schwab to offer you margin. I wouldn't worry about it. BTW, I'm like you in that I would never margin a buy either.

 

[lz]

I mean it shows that $40 came out of my "cash & money market" account as it should. I looked at the purchase history and the purchase of Cybin, compared to my other purchases look the same. Nothing that even mentions "margin". But it's funny, I went to purchase 5 more shares, market order, nothing fancy, and I still get that "100% message".

Do what the astute James Lee told you, call your broker, you are paying them (fees hidden on transactions), use them.

 

[ukcatz12]

I don't think that message triggered because of your specific transaction but rather programming in the Schwab system that flagged your transaction and account to remind you that margin would not be available for that stock should you request it. Nothing personal regarding you or your trading account but just reminding you that if you want to trade that stock ... don't expect Schwab to offer you margin. I wouldn't worry about it. BTW, I'm like you in that I would never margin a buy either.

This sounds like the answer.

 

[BlueRaider22]

The return of 'revenge travel': As omicron wanes, Americans eagerly book vacations

Americans are preparing to spend big - again - as omicron cases subside and states across the country loosen covid restrictions. Travel agents, hotel operators and restaurateurs say they've seen dramatic spikes in demand in the past week, following a drop of more than 40 percent in daily U.S...

www.yahoo.com

Is it time for cruise lines, AirBnB, etc?

 

[LineSkiCat14]

The return of 'revenge travel': As omicron wanes, Americans eagerly book vacations

Americans are preparing to spend big - again - as omicron cases subside and states across the country loosen covid restrictions. Travel agents, hotel operators and restaurateurs say they've seen dramatic spikes in demand in the past week, following a drop of more than 40 percent in daily U.S...

www.yahoo.com

Is it time for cruise lines, AirBnB, etc?

After hearing the nightmare of being trapped on that cruise for a month, it's going to be years before I ever step foot on one. But that's just me.

Maybe shorting all the Peloton and home gym stocks? Seems all those companies are taking big hits, and with warm months coming, I doubt sales for home gym equipment (something the northen states rely on more in cold months) will be any good.