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02-03-2022, 12:49 PM
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Join Date: Sep 2007
Location: Strathcona County
Posts: 1,900
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Quote:
Originally Posted by KGB
Facebook is down 26%! I am now sitting and thinking if I should buy some at this price… Don’t think it will go down more.
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The price is in a freefall I don't see any signs of consolidation there. I don't think it has bottomed.
And if it crosses the 200 day moving average all bets are off.
I'm gonna wait a bit.
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02-03-2022, 12:49 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,204
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Personally, I am not buying back into tech for quite a while. I think the downdraft is far from over in that sector.
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02-03-2022, 12:49 PM
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Join Date: Jan 2012
Location: Nelson BC
Posts: 2,032
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Quote:
Originally Posted by fishtank
It’s tempting… if the market recover next week you catch a bounce back…. Like Netflix. it’s not like they are not making money they just have some hiccup to get over and the market expectations are set too high .
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Picked up some Meta and Spotify today after it bottomed - couldn't resist. Hopefully there is some emotional bounce in the next week and then a quick sell.
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02-03-2022, 01:03 PM
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Join Date: Sep 2007
Location: Strathcona County
Posts: 1,900
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Quote:
Originally Posted by Dean2
Personally, I am not buying back into tech for quite a while. I think the downdraft is far from over in that sector.
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I would tend to agree with that. 
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02-03-2022, 01:51 PM
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Banned
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Join Date: May 2008
Location: Calgary-Kootenay Lake
Posts: 350
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What a day! Need more blood! Tomorrow.
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02-03-2022, 02:16 PM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,204
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Guys that are trading tech short term, I wish you the very best. I really do, I am not being sarcastic. To me it is a pretty high risk short term trade. Personally I like to short term trade stuff that is rising, so in my case oil and gas stocks as well as communications like Rogers, pipelines and banks. Any pull back these can be bought and sold with 5 to 10 percent over a couple of days. Worst that happens is you have to hold them longer for the increase. Buying stuff that is trending down means if it doesn't pop back up you stop loss out or ride the pony down.
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02-03-2022, 02:34 PM
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Banned
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Join Date: May 2008
Location: Calgary-Kootenay Lake
Posts: 350
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Usually I don't touch tech stock - mostly mining and pipelines. Today I got a some PINS. Not planning to hold it after tomorrow - it looks promising.
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02-03-2022, 02:59 PM
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Join Date: May 2007
Location: Red Deer
Posts: 1,539
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Quote:
Originally Posted by KGB
Facebook is down 26%! I am now sitting and thinking if I should buy some at this price… Don’t think it will go down more.
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What are you basing that off of?
Curious?
Tech stocks are mostly priced for future earnings.
P/e is under 20 for Facebook.
I see you sold Disney lately. Curious on that one too as it at its lowest in a while.
Nothing looks good to me right now.
But this blip had little effect on my portfolios. ( only tech I own is Microsoft)
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02-03-2022, 07:16 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,700
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Quote:
Originally Posted by Map Maker
What are you basing that off of?
Curious?
Tech stocks are mostly priced for future earnings.
P/e is under 20 for Facebook.
I see you sold Disney lately. Curious on that one too as it at its lowest in a while.
Nothing looks good to me right now.
But this blip had little effect on my portfolios. ( only tech I own is Microsoft)
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Tech stocks are here to stay and this is a big correction. Meta is not a small guy who can disappear. It will most likely bounce back, that’s my gut feeling. Last few years I was mostly in tech stocks…. I hold Disney for about 6 years and should’ve sold it six month ago… Got tired of it!
I bought Lightspeed at $25 and sold at $42,should’ve sold it at $100 but got greedy, thought I won’t repeat my mistake with Shopify that I bought at $40 and sold at $120…..
Here is a short version of what’s happening now:
https://twitter.com/MarketRebels/sta...47tnNZp3g&s=01
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02-03-2022, 07:21 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,700
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Quote:
Originally Posted by straight
Usually I don't touch tech stock - mostly mining and pipelines. Today I got a some PINS. Not planning to hold it after tomorrow - it looks promising.
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And I am quite opposite- never made any decent money in mining or oil…
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02-03-2022, 07:44 PM
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Banned
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Join Date: May 2008
Location: Calgary-Kootenay Lake
Posts: 350
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Quote:
Originally Posted by KGB
And I am quite opposite- never made any decent money in mining or oil…
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Here is a difference between white-collar and blue-collar 
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02-03-2022, 07:48 PM
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Join Date: May 2007
Location: Red Deer
Posts: 1,539
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Quote:
Originally Posted by KGB
Tech stocks are here to stay and this is a big correction. Meta is not a small guy who can disappear. It will most likely bounce back, that’s my gut feeling. Last few years I was mostly in tech stocks…. I hold Disney for about 6 years and should’ve sold it six month ago… Got tired of it!
I bought Lightspeed at $25 and sold at $42,should’ve sold it at $100 but got greedy, thought I won’t repeat my mistake with Shopify that I bought at $40 and sold at $120…..
Here is a short version of what’s happening now:
https://twitter.com/MarketRebels/sta...47tnNZp3g&s=01 |
Makes sense in a way. Usually I have a set target when I buy and sell that is backed up by p/e or book value.
I just don’t know how people do it with tech stock. Most are momentum traders.
I just bought some Disney on a few analysts opinion. But I understand you there too cuz I bought nutrien at a low and stayed there for over a year. I got bored and sold, then it doubles. Hope Disney does the same.
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02-03-2022, 10:41 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,700
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Quote:
Originally Posted by Map Maker
Makes sense in a way. Usually I have a set target when I buy and sell that is backed up by p/e or book value.
I just don’t know how people do it with tech stock. Most are momentum traders.
I just bought some Disney on a few analysts opinion. But I understand you there too cuz I bought nutrien at a low and stayed there for over a year. I got bored and sold, then it doubles. Hope Disney does the same.
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Disney was a dead horse for me even thou it was recommended by all analysts… It finally moved up nicely and I thought it is going that way and will level of but it took a dive again.
With tech stocks you should really see what kind of a potential they offer. Look at Nvidia….it’s chip for the VR is what driving it up, well, drove it up until the latest turmoil started. But the VR is here and it is just starting to get bigger. And you know who is the biggest promoter  of VR? You will never guess! Here it is- the porn industry! Hahaha!
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02-04-2022, 06:07 AM
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Join Date: Dec 2008
Location: Near Edmonton
Posts: 15,204
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Oil is over 92 bucks in pre-market. Oil and gas related stocks will continue their upward march.
Amazon announced good profit for last quarter, but when you dig, all of it came from AWS (the Amazon cloud and computer services group), so despite the dominant position Amazon holds they still have not made the main part of their business profitable. They have raised the Price of their Prime service in the States, not here in Canada, and despite this forward guidance is for single digit revenue growth. The market initially gave the stock an upward bounce after yesterday's after hours announcement but once the results are analyzed more deeply I expect that to turn negative.
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02-04-2022, 10:27 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,870
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Quote:
Originally Posted by Dean2
Oil is over 92 bucks in pre-market. Oil and gas related stocks will continue their upward march.
Amazon announced good profit for last quarter, but when you dig, all of it came from AWS (the Amazon cloud and computer services group), so despite the dominant position Amazon holds they still have not made the main part of their business profitable. They have raised the Price of their Prime service in the States, not here in Canada, and despite this forward guidance is for single digit revenue growth. The market initially gave the stock an upward bounce after yesterday's after hours announcement but once the results are analyzed more deeply I expect that to turn negative.
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AWS is their bread and butter as they have took the google approach and gain lots of customer over all those lost years people view Amazon as a marketplace /book seller while they are growing AWS in the background , now they are coming out ahead as the biggest cloud service top dog in the sector .
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02-04-2022, 01:55 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,700
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Amazon is up by 16%… 
Facebook is holding flat today…
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02-04-2022, 02:46 PM
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Banned
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Join Date: May 2008
Location: Calgary-Kootenay Lake
Posts: 350
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Quote:
Originally Posted by KGB
Amazon is up by 16%…
Facebook is holding flat today… |
Your bet on Monday?
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02-04-2022, 03:00 PM
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Join Date: Jul 2014
Posts: 1,911
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When giant companies are swinging wildly 25% up and down like penny stocks I wouldn’t touch them with your money.
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02-04-2022, 05:07 PM
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Join Date: Jan 2014
Location: Edmonton
Posts: 5,700
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Quote:
Originally Posted by straight
Your bet on Monday?
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Who knows! I was just about to jump in on a Facebook but then my gut feeling told me to hold my horses… I think I will sit and wait a bit here. Somehow I don’t “feel” the markets now….
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02-09-2022, 01:59 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,870
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anyone want to take swing at tommorow CPI numbers ?
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02-09-2022, 03:18 PM
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Join Date: Jan 2009
Location: Airdrie
Posts: 2,383
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Quote:
Originally Posted by fishtank
anyone want to take swing at tommorow CPI numbers ?
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It’s hard to say simply because of the way they calculate the cpi, they leave so much out that it isn’t anywhere close to what I’d say actual inflation is. If one were to take a look at the price of houses, cars, food, utility bills, gasoline, general goods I’d say that inflation is far closer to 15-20% they will probably say 5, and hurray for the 3% raise this year which essentially equates to a pay cut 🤷
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02-09-2022, 06:50 PM
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Join Date: Jun 2011
Posts: 3,713
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Quote:
Originally Posted by fishtank
anyone want to take swing at tommorow CPI numbers ?
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They are estimating another print over 7% annualized. The White House warned to expect a high number but they also warned on a bad employment number and that surprised to the upside, so who knows.
From the end of November WTI is up 22%, natural gas 21%, corn 5%, soybeans 17%, cattle 5%, hogs 24%.
I'm guessing over 8% but have no real clue. Oil's highly correlated to inflation and it looks like it could push through 100$ before to darn long. The FED pretty much has to do something before this gets out of hand. Markets are pricing in 5 - 7 rate hikes this year and that will most likely tip us over the edge I would think. We'll see what happens in March.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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02-09-2022, 06:58 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,870
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Quote:
Originally Posted by bdub
They are estimating another print over 7% annualized. The White House warned to expect a high number but they also warned on a bad employment number and that surprised to the upside, so who knows.
From the end of November WTI is up 22%, natural gas 21%, corn 5%, soybeans 17%, cattle 5%, hogs 24%.
I'm guessing over 8% but have no real clue. Oil's highly correlated to inflation and it looks like it could push through 100$ before to darn long. The FED pretty much has to do something before this gets out of hand. Markets are pricing in 5 - 7 rate hikes this year and that will most likely tip us over the edge I would think. We'll see what happens in March.
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thats what i was thinking everything from gas to animals feed been up, but the last month been giving the market more time to unwind itself, they are just kicking the can down the road on the rate hike .
costco fries the price is up 20% , the portion size is down 30% .
Last edited by fishtank; 02-09-2022 at 07:05 PM.
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02-10-2022, 09:54 AM
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Join Date: May 2010
Location: edmonton
Posts: 3,870
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The cpi came in at 7.5 which is still the higher in 40 years, will continue to trend up , another thing it that credit card and mortgage debt are up. good for the CC company and banks .
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02-10-2022, 11:23 AM
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Join Date: May 2007
Posts: 3,994
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Another good week for the Oil Indexes.
Even though Sovereign Funds are told to buy green stocks and not oil stocks, they are being told to make money. ETFs have no choice but buy oil stocks to keep their indexes performing the same as the Exchanges they are on.
With Joe Biden telling the world to produce more oil so the American Consumer has cheap gas for their cars, the writing is on the wall for even more price increases down the road.
You see, global output does not turn on like a lightbulb. Even places like Venezuela will need a year to repair their facilities to start shipping oil again. The rest of the world will need to drill wells, connect wells, build pipelines, etc.
All the while using more and more oil in the process.
Drewski
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02-10-2022, 11:52 AM
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Join Date: Jun 2015
Posts: 570
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Anyone touching the BRCC ipo today? Have done alright so far today with trading it.
__________________
Those who can make you believe absurdities can make you commit atrocities- Voltaire
It is difficult to free fools from the chains they revere. Voltaire
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02-11-2022, 12:03 PM
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Join Date: Jun 2011
Posts: 3,713
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What just happened????
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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02-11-2022, 12:11 PM
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Join Date: May 2007
Location: Red Deer
Posts: 1,539
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Quote:
Originally Posted by bdub
What just happened????
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Lol.
Was it the full 1% interest hike by June and everyone tightening their belts?
Barrick gold is zooming. All the bitcoiners coming back?
Interesting times.
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02-11-2022, 12:12 PM
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Join Date: Jun 2011
Posts: 3,713
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Quote:
Originally Posted by Map Maker
Lol.
Was it the full 1% interest hike by June and everyone tightening their belts?
Barrick gold is zooming. All the bitcoiners coming back?
Interesting times.
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Lol.
__________________
There are some who can live without wild things, and some who cannot. Aldo Leopold
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02-11-2022, 12:39 PM
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Join Date: May 2010
Location: edmonton
Posts: 3,870
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Let see what happens with the March hike … 
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