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[CrankyJay™]

MSFT is the best diversified tech company there is.

Look at their financials you'll find a good reason why I have a higher weight in the company

they are, but as a dev in a microsoft shop they have a ton of shit that needs fixing. their whole login apparatus for thrie cloud services is just dog shit. lol. i realize this has zero impact on their profitability but holy fuck.

 

[Nikana]

they are, but as a dev in a microsoft shop they have a ton of shit that needs fixing. their whole login apparatus for thrie cloud services is just dog shit. lol. i realize this has zero impact on their profitability but holy fuck.

Its not a MSFT product unless theres something about it that makes zero fucking sense.

 

[SpartanN92]

they are, but as a dev in a microsoft shop they have a ton of shit that needs fixing. their whole login apparatus for thrie cloud services is just dog shit. lol. i realize this has zero impact on their profitability but holy fuck.

If internal systems affected stock price then I can personally assure you that Verizon would be a penny stock

We have an internal outage today where I cannot authenticate access to customers accounts. I can’t sell shit because I can’t even open their fucking accounts I’m sitting here playing Halo and telling customers I’ll call them when the system is back up.

 

[CrankyJay™]

If internal systems affected stock price then I can personally assure you that Verizon would be a penny stock

We have an internal outage today where I cannot authenticate access to customers accounts. I can’t sell shit because I can’t even open their fucking accounts I’m sitting here playing Halo and telling customers I’ll call them when the system is back up.

It just amazes me how these big corporations can get away with crap like this.

 

[ManofOne]

It just amazes me how these big corporations can get away with crap like this.

Economies of scale

 

[StreetsofBeige]

It just amazes me how these big corporations can get away with crap like this.

I've worked at big companies in my career. People think if you work at a big corp, it must be super techy, streamlined, and everything flows smooth.

Untrue.

It can be a clusterfuck here of shitty process and systems. Its just our brands are so big reaping giant sales, and we're in office buildings so people think everything is all roses. System overhauls take years of testing and implementation before it rolls out. Not just for our end, but the systems have to fully work with all the retailers we work with so data flows back and forth correct, no system bombs and data is accurate.

I was part of a team that rolled out a new ERP system. From initial brainstorming to roll out was 2.5 years. And when it rolled out it still had quirks and data issues. Or the guys programming the formulas did them wrong.

Side note: Should end +2 - 2.5%. If I get another one of these days Monday, I'll be back at all time high. 3 weeks of downward trend and possibly all made back (if MOnday is a good greener) in 6 trading days! Whew!

 

[SpartanN92]

I've worked at big companies in my career. People think if you work at a big corp, it must be super techy, streamlined, and everything flows smooth.

Untrue.

It can be a clusterfuck here of shitty process and systems. Its just our brands are so big reaping giant sales, and we're in office buildings so people think everything is all roses.

Okay so today got even worse on the Verizon end... So now our point of sale system is down too wtf is happening today?

 

[Nikana]

AMRS up 15 percent...maybe I do have powers...

Should have bought....should have bought....

 

[ArtemisClydeFrog]

Okay so today got even worse on the Verizon end... So now our point of sale system is down too wtf is happening today?

A Shit Pie sends his regards

 

[StreetsofBeige]

Okay so today got even worse on the Verizon end... So now our point of sale system is down too wtf is happening today?

I don't know, but if there is a correlation between Verizon being down and a green market, I hope Verizon is down again Monday!

I just checked VA stock to see how it did the past year. When covid happened bombing markets in March 2020, the stock barely moved. It dropped maybe 10% at most and then rebounded and has been stable at ~$55 for a year.

I think every stock I had dropping at least 20%. Even the safer sounding ones. My stocks back then ranged from -20% to -75%. Blended, I think my weighted loss bottomed around -40%.

 

[CrankyJay™]

I'm basically going to close here down half a percent or even. I'll take it.

 

[Nikana]

I spent most of the day trying to do some DD on stocks specifically not in the tech sphere in order to diversify. Found 3 I like and put 100 bucks in each just to see how they do over the next month.

I still am having trouble finding stuff in the medical field I like. For whatever reason that field just doesn't ever sit well with me in my head.

 

[StreetsofBeige]

I'm basically going to close here down half a percent or even. I'll take it.

Got lucky. Surge the final hour. Ended a touch over 3%!

(+3.15%)

 

[CrankyJay™]

Got lucky. Surge the final hour. Ended a touch over 3%!

(+3.15%)

Very nice.

 

[BigBooper]

Up .01% alright!

 

[ManofOne]

Finished the day up 1.2%. Despite the 10 year rising

 

[GHG]

Don't care.

Buying more of everything.

 

[HoodWinked]

I'm so confused with what's going on with John Deere. It's not like there is some explosion in farming, americans are already obese, why would it just completely blow past pre-covid levels.

Their revenues aren't even going up.

 

[mango drank]

I'm so confused with what's going on with John Deere. It's not like there is some explosion in farming, americans are already obese, why would it just completely blow past pre-covid levels.

Their revenues aren't even going up.

I read something a while back that said they've got a lot of new high-tech products in the pipeline, set to release soon. So I'm guessing their stock is getting swept up in the general tech stock frenzy of late. Except DE hasn't been punished along w/ the rest of 'em recently. And also something about the start of a farmer upgrade cycle happening soon, where farmers replace old equipment. That's as much as I know, maybe something else is going on.

 

[West Texas CEO]

Strategy for anyone that is skeptical but wants to take an active position with GME with an income-generating focus:

Sell cash-secured puts. Pick your price/risk tolerance level.

0.5% to 5% weekly (gains minus capital gains tax rate) is doable March through January right now.

GME closing price 3/12/2021 was $260. Sell cash-secured puts in the $30 to $120 range, depending on your risk/reward tolerance.

Of course, it doesn't have to be GME. You can sell cash-secured puts with anything. If GME is too spicy, pick a steady eddy stock that you are familiar with.

 

[ManofOne]

I'm so confused with what's going on with John Deere. It's not like there is some explosion in farming, americans are already obese, why would it just completely blow past pre-covid levels.

Their revenues aren't even going up.

I think someone asked about this earlier, I said that DE valuation is definitely not cheap by miles but the company has a very strong balance sheet and new products in-line. Demand for food and construction will increase going forward as if you look at global stimulus bills, the allocation to these industries are significantly high as the are a primary driver of unskilled /semi skilled employment.

This is seemingly the primary driver behind its stock price as it could reap an additional $5 billion dollars in global sales.

Problem is that the valuation and volatility leaves room for massive downside if entry is not timed right.

 

[ManofOne]

A rebound in the Nasdaq 100 that recouped as much as half of its $1.5 trillion losses from its February high hasn’t been enough to deter skeptics. In fact, analysts are warning that the index may yet face more battering

Their concern emanates from the bond market, where rising yields have put pressure on richly valued stocks such as the tech companies that populate the Nasdaq gauge. An increase of 50 basis point in 10-year Treasury yields could lead to a bear market for the index, or a decline of as much as 20%, according to a study from Ned Davis Research.

And as the economy heals, investors are embracing sectors such as energy that will likely benefit. One way of seeing the impact of that rotation out of tech is to plot the Nasdaq’s relative altitude versus the S&P 500, a gap that after briefly exceeding its level from 2000 has recently narrowed. To DoubleLine Capital LP founder Jeffrey Gundlach, it’s a sign that another collapse may be in store.

A rebound in the Nasdaq 100 that recouped as much as half of its $1.5 trillion losses from its February high hasn’t been enough to deter skeptics. In fact, analysts are warning that the index may yet face more battering.

Their concern emanates from the bond market, where rising yields have put pressure on richly valued stocks such as the tech companies that populate the Nasdaq gauge. An increase of 50 basis point in 10-year Treasury yields could lead to a bear market for the index, or a decline of as much as 20%, according to a study from Ned Davis Research.

And as the economy heals, investors are embracing sectors such as energy that will likely benefit. One way of seeing the impact of that rotation out of tech is to plot the Nasdaq’s relative altitude versus the S&P 500, a gap that after briefly exceeding its level from 2000 has recently narrowed. To DoubleLine Capital LP founder Jeffrey Gundlach, it’s a sign that another collapse may be in store.

 

[ManofOne]

Treasuries nearing their PAR value is becoming a problem. The FED will most likely increase its buying of T-bonds to shore up market liquidity and stabilize rates.

Given inflation expectations and where rates are at, other buyers don't seem interested which could post a problem when raising money in the future. Its reportedly the worst quarter for Treasury

investors in more than four years. You're going to see a greater shift to equities which is going to lead to a bull market as focus will shift more towards capital gains than dividends.



However, without a more noticeable increase in earnings, the market is looking more fragile every passing day. So show some care as we head into Q2

 

[n0razi]

Bought CPNG and RBLX as soon as they opened... YOLO!

It just amazes me how these big corporations can get away with crap like this.

Like the poster below you said, its economies of scale.
It's like asking how China can get away with all the Uighur atrocities. They are such a big player on the global economy that punishing them can actually backfire for everyone else in terms of supply chains, trade, etc... A big corp like Google/Amazon/Apple's stock is almost directly tied to the US economy.

 

[ManofOne]

 

[CrankyJay™]

Bought CPNG and RBLX as soon as they opened... YOLO!




Like the poster below you said, its economies of scale.
It's like asking how China can get away with all the Uighur atrocities. They are such a big player on the global economy that punishing them can actually backfire for everyone else in terms of supply chains, trade, etc... A big corp like Google/Amazon/Apple's stock is almost directly tied to the US economy.

It is was mostly a rhetorical statement.

 

[ManofOne]

Futures looking good across the board hopefully it carries tomm and set the tone for the week.

 

[ManofOne]

Up 1.56% today. Nice movement.

 

[StreetsofBeige]

+1%.

I might get back into Grocery Outlet (GO) and also try TJX. Outlier is tossing some money at Coupang (CPNG) hoping for a lucky quick gain.

Fucking Shaw Comm got offered a buy out. I was eyeballing getting back in as I had that years ago (dead money). But once COgeco got offered buy out, I was going to dive back into Shaw at $23 CDN. Now at $33 with the +$10 buyout. Grrrrr.

 

[CrankyJay™]

STONKS!



edit: up .2%, was up 1.2% in pre-market, people are jerks

 

[CrankyJay™]

A Shit Pie sends his regards

This fucking clown fucked me over on Intelsat and the C-Band spectrum auction.

 

[ManofOne]

Restaurants & Casinos rallying today. MGM up around 6.0% and my small positions in restaurants are doing well. DKNG needs to go hire

 

[Myths]

Playing it safe and observing what’s going on this weak. no plays for me

 

[HawksWinStanley]

Restaurants & Casinos rallying today. MGM up around 6.0% and my small positions in restaurants are doing well. DKNG needs to go hire

Any reason why you're bullish on Draftkings over their competitors? Is it just because they have such a lockdown on the online space?

I wanted to dip my toes into sports betting since it's only going to get more legalization and popularity. Much like cannabis it seems like there's still too many players this early in the game and I'm not educated enough to really have much confidence in any single one so I was planning to grab some shares of BETZ. I'm struggling with timing wondering if I should jump in before the NCAA tourney starts or wait to see if things cool down afterwards.

 

[ManofOne]

Any reason why you're bullish on Draftkings over their competitors? Is it just because they have such a lockdown on the online space?

I wanted to dip my toes into sports betting since it's only going to get more legalization and popularity. Much like cannabis it seems like there's still too many players this early in the game and I'm not educated enough to really have much confidence in any single one so I was planning to grab some shares of BETZ. I'm struggling with timing wondering if I should jump in before the NCAA tourney starts or wait to see if things cool down afterwards.

Online betting seems to be building steam, you’re more and more states and countries accepting it and adjusting their laws to accommodate. The problem will be the taxes but I think scale will diminish that. Customer retention rates are increasing, expenses and non cash expenses are reaching a plateau and the company raised its revenue forecasts twice in the last year.

It’s growth rate is high double digits around 38% y o y. So it’s definitely seeing an uptick in activity e.g March madness.


I had the stock as a buy around $34 dollars. Bought it at $28. It’s been a good buy since then and nice long term hold. MGM bets and DKNG are my long term buys for online betting.


Worried that ARKK is negatively influencing its stock price though.

 

[StreetsofBeige]

+1.5%. Steady.

 

[SpartanN92]

Somebody turned on the money printer in the last 25 minutes lol

I guess they remembered that stocks are supposed to go up.

 

[Nikana]

Was buys all day fighting some petty console wars and moving stuff around my house as I am quarantined. Logged into to find a nice 3 percent gain on the day. I will take it. my SPACs are still getting hammered though.

 

[ManofOne]

Ended the day up 1.6%

 

[GHG]

Not massively today, just 0.6%, all my oil/energy/mining plays were down today.

But the good news is I'm back where I started before everything started to go to shit 3 weeks ago.

 

[ManofOne]

SPACS getting shorted heavily. Wonder if WSB will do a play?

 

[BigBooper]

SPACS getting shorted heavily. Wonder if WSB will do a play?

That would be the kind of genius maneuver they'd go for. I've still got a little in NGA, but that's the last SPAC I plan on touching. I made some on them last year, but I think that was partly because nothing was failing last year. One of them I was in and sold right after the merger lost 30-40% in four months.

I've just been riding on oil and banking the past few weeks, but time has opened up so I may dip back into a few others. Only safe or very short term though.

 

[CrankyJay™]

I gained...*checks notes*...$62 today. Lol

 

[ManofOne]

That would be the kind of genius maneuver they'd go for. I've still got a little in NGA, but that's the last SPAC I plan on touching. I made some on them last year, but I think that was partly because nothing was failing last year. One of them I was in and sold right after the merger lost 30-40% in four months.

I've just been riding on oil and banking the past few weeks, but time has opened up so I may dip back into a few others. Only safe or very short term though.

Ya a rotation into tech coming soon. But it’s hard to determine when. The market is making last minute moves so it’s hard to pick up when is a good time to enter.

 

[Nikana]

SPACS getting shorted heavily. Wonder if WSB will do a play?

I'd like it a lot more if they would stop.

 

[Samanosuke Akechi]

Wow my SOS position was actually up pretty good today! $1,100 Up today! I’ll take it.

 

[Honey Bunny]

I'm getting better at not checking the charts all the time. Helps that I'm free of meme stocks now.

 

[StreetsofBeige]

Opening bell a few minutes in.... flat. First time in a long time the open didn't have my portfolio jump +/- 1-2%.

 

[ManofOne]

No a good day. Tech going hard today and I am away from tech.

 

[CrankyJay™]

Keep an eye on OLED, if it dips below $200 I think it’s a solid buy.

OLED owns the patents to most OLED tech that companies like LG uses to produce televisions and phones. Lighting too. They also manufacture some of the raw materials that actually go into these devices.

They are also spinning off a company, OVJP, which is a jet printing company for OLED that should ultimately lower the price of TVs etc.

They’re a solid revenue maker right now and they got beat down on a one-time accounting thing due to covid, and despite a massive earnings report.

Just an idea. I think it looks ultra-attractive if this gets to the $180 area or lower.

If they keep executing a share price north of $260 or greater wouldn’t be a surprise later this year and beyond.

Already up to $230 from $189 low on March 5. Too bad I didn't have any cleared funds to take my own advice.