All things STOCKS

#13,002
#13,002
Jax_Vol said:
Yes, I read a book about them. In that regard, they remind me of General Electric under Jack Welch. Into everything!

Again, with Bezos leading the charge, it was a great era. Without him, I don't know?

Bezos himself is on record stating that he expects Amazon to end up bankrupt in about 20 years.

I have a friend who works for Blue Origin. That is privately owned by Bezos. At the start, it was a huge hot mess. Elon and Space X blew them away. I think Blue Origin is better now, but still not fantastic.

Hey....I may be wrong.
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Even if they will end up like Sears or GE, Amazon is still pretty young. Sears was founded in 1892 and stared to decline in, when, the 1980s? I suppose you could definitively say they had peaked in 1990 when Wal-Mart surpassed them as the largest retailer in the US. They had a good almost 100 year run. Amazon is only 28 years old.
 
#13,006
#13,006
This is the book...Amazon Unbound. Jeff is quite amazing. Apple and Microsoft both missed with their second leader. Unsure if Amazon will follow that trend or not. They have many revenue streams. Many positive; some a drain. Another possible example: Amazon producing hollywood type shows / movies I think? Who knows how that stuff works. Intense competition in a bunch of smut. Even DIsney going down dangerous trails.

Good read!

Amazon Unbound: Jeff Bezos and the Invention of a Global Empire: Stone, Brad: 9781982132613: Amazon.com: Books
 
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#13,007
#13,007
Thunder Good-Oil said:
Bezos isn’t retired and still leads Amazon. He just does it as board chairman instead of CEO. The CEO executes any plan as directed by JB.
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Just now seeing this post Thunder.

View it however you want. He has a new woman in his life. His role has changed.

I like and use Amazon all the time. But, too many irons in the fire for my taste regarding stock. I'm not shorting them either...lol!
 
#13,008
#13,008
Jax_Vol said:
Just now seeing this post Thunder.

View it however you want. He has a new woman in his life. His role has changed.

I like and use Amazon all the time. But, too many irons in the fire for my taste regarding stock. I'm not shorting them either...lol!
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The thing I find interesting is you’re either a technical trader using charts and patterns, or you’re investing based on P/E ratios, earnings reports, news cycles, etc.

Using Amazon, for example, has a gap on their chart from 2017 at the $49 mark. Looking over their chart, there are even some lower from 2016 in the $30’s, and $19’s in 2015. Do these fill? There are also some higher. Will those fill before the lows? Probably..

KO has some gaps down in the $50’s. You gotta sit back and wonder what makes Coca Cola fall 10-20%. But an old man named Warren Buffett holds 400 million shares (or 9%) of the company and I imagine when he kicks the bucket, the market would probably feel it. Just the uncertainty would probably move some things down.

I guess I’m kind of in the middle of the two types. I see gaps and believe that gaps get filled, but it’s usually a news cycle that causes it….not some “golden cross doji star” or whatever lmao.
 
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#13,009
#13,009
VolAllen said:
The thing I find interesting is you’re either a technical trader using charts and patterns, or you’re investing based on P/E ratios, earnings reports, news cycles, etc.

Using Amazon, for example, has a gap on their chart from 2017 at the $49 mark. Looking over their chart, there are even some lower from 2016 in the $30’s, and $19’s in 2015. Do these fill? There are also some higher. Will those fill before the lows? Probably..

KO has some gaps down in the $50’s. You gotta sit back and wonder what makes Coca Cola fall 10-20%. But an old man named Warren Buffett holds 400 million shares (or 9%) of the company and I imagine when he kicks the bucket, the market would probably feel it. Just the uncertainty would probably move some things down.

I guess I’m kind of in the middle of the two types. I see gaps and believe that gaps get filled, but it’s usually a news cycle that causes it….not some “golden cross doji star” or whatever lmao.
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Yes! I fall into the second category of trader. News, earnings reporting, P/E. I try to buy and hold companies that my family likes...especially new trends. As discussed before, this is just small entertainment dollars. Retirement accounts are in a mix of mutual funds that I might look at yearly.

Someday, I want to learn more about chart trading. Seems those could be easily falsified by the money managers.
 
#13,010
#13,010
Looking like a rough opening this morning.

Sometimes, that is a setup for a large moving day. Unless, there was a jobs report released or such.
 
#13,016
#13,016
Looks like they ran out of steam.

Weed stocks are happy. They got some legislation. And RMED, wow.

I am sure some of you guys set stops and then maybe some others have had that experience of a stock goes down and down and you keep waiting one more day, and then eventually you pay attention and you're down 50% or some huge number. That's how I am with TLRY. I may have... Ahem... doubled down on this after it was too late to gracefully exit. But thank you dope smokers I am now in the black. It's made huge moves several times before and then fallen right back down. I don't know that this is a good stock; everything I've read makes the management seem sound pretty competent and they're not in terrible shape financially. But for sure, not one you'd evaluate on earnings (ain't got any).
 
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#13,017
#13,017
Firebirdparts said:
Looks like they ran out of steam.

Weed stocks are happy. They got some legislation. And RMED, wow.

I am sure some of you guys set stops and then maybe some others have had that experience of a stock goes down and down and you keep waiting one more day, and then eventually you pay attention and you're down 50% or some huge number. That's how I am with TLRY. I may have doubled down on this, I think, after it was too late to gracefully exit. But thank you dope smokers I am now in the black. It's made huge moves several times before and then fallen right back down. I don't know that this is a good stock; everything I've read makes the management seem sound pretty competent and they're not in terrible shape financially. But for sure, not one you'd evaluate on earnings (ain't got any).
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Yup, the bulls punted and decided to call it a weekend.

There is money to be made in pot. Limited knowledge of the topic. Seems like a bevy of companies out there. Think the Canadians got a jump on us in the field of legalized pot.
 
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#13,023
#13,023
VolAllen said:
So what does the OPEC meeting do for oil stocks tomorrow? Up, down, flat?
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good question. Let us brainstorm..

In general, I think we have a little Santa Claus rally this week. QQQ up 3% or so overall, counting a dud day or two in there.

If large volume flows into the information technology sector, that usually helps drag oil.

Doubtful that OPEC is going to increase production.

Russia fuel is out for the winter. Germany will be borderline cold.

Beats me....I don't understand oil....lol!
 
#13,025
#13,025
Velo Vol said:
When was the last time they really went down?
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Good point!

As long as Europe is boycotting Russia energy sources, then seems like oil is flat or up.

They may shock me this time, but in recent years, OPEC has no interest in reducing prices. Even when Joe went to see them face-to-face, they told him to scram.

From their point of view, I truly see the angle. We continue to push for climatic change. Easy excuse to keep oil high because no one will want any of it by 2030. Ha Ha!
 
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