All things STOCKS

#13,477
#13,477
It tests a person’s patience. Used to be that 2 or 3 big down days were followed up with good rallies. Now the time frame is often more like 2 or 3 consecutive down weeks before prices bounce.
 
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#13,479
#13,479
I think good ole TSLA going to rollercoaster for the next three hours.


AJRD has traded at 12x normal volume. It's not the apes. For last couple of hours, it has been massive movement at a fixed price of $55.76 plus/minus a penny.


AJRD had one huge (14%) minority stakeholder (Warren Lichtenstein (sp?) who I assume is dumping his millions of shares. But, who in the heck can buy that much? L3Harris?
 
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#13,480
#13,480
I’ve got a day order in to sell BX Jan 20 2023 $70 puts with the rest of the unreserved cash in that account. I haven’t been doing contracts anywhere close to having 30 plus days till expiration. I priced the order pretty high, so the odds of executing are low. BX touched a new 52-week low today.
 
#13,483
#13,483
Velo Vol said:
I wonder what other names will be joining this club?

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Amazon, Telsa, Meta are three that quickly come to mind.

Have my doubts about Netflix and Intel.

One could argue that the entire FAANG group, plus similar funds from tech sector, are still trending down.

NVDA still way over-valued. Intel at $29/share still a long road to making cash. Amazing, Apple taking it on the chin.

Sad
 
#13,485
#13,485
Maybe I’m just an idiot, but dang AMZN at this price sure looks like a nice name to buy and tuck away for the long haul. They are everywhere. Lots of vertical and horizontal growth remains.
 
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#13,487
#13,487
Velo Vol said:
Meta is already well below. Tesla would have to drop another $100. The way things have been going, that can't be ruled out.
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For Christmas, I think Elon will announce that he is stepping down as Chief Twit.

That could save Tesla, but people are fickle
 
#13,488
#13,488
Thunder Good-Oil said:
It’s had a 50% haircut. I’d think that most of the damage to the share price has now happened. Those are smart guys. The pull back is probably overdone as they most likely run with high quality tenants and triple net, long term leases. They’ve basically just given back the spike from the recent overdone surge in real estate prices.

I do wonder how carried interest tax treatment could play out.
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Well, no new legislation as far as I know.
 
#13,489
#13,489
Go aeiou said:
Well, no new legislation as far as I know.
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Yes. That is a slow moving modification, but it is also critical for the business models of PE. I also wouldn’t assume that the Rs are across the board pro-carried interest. Private Equity tends to make a lot of enemies when cutting payrolls.
 
#13,492
#13,492
Jax_Vol said:
Anyone catch any fish today?

That was yet another whooping for me.
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My BX contract missed by about a nickel. But if tomorrow is another down day, or off for part of the early session, I’ll be able to sell the puts for more. No worries. I’m still heavy cash and trying to be patient. Might as well let December run out before making any big moves.
 
#13,493
#13,493
Thunder Good-Oil said:
My BX contract missed by about a nickel. But if tomorrow is another down day, or off for part of the early session, I’ll be able to sell the puts for more. No worries. I’m still heavy cash and trying to be patient. Might as well let December run out before making any big moves.
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Wish I had stayed cash heavy a month ago. I'm ready to fire J-Pow

Do have to be patient.
 
#13,494
#13,494
Jax_Vol said:
Wish I had stayed cash heavy a month ago. I'm ready to fire J-Pow

Do have to be patient.
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I’m actually going to a traditional bank in a couple of days to see about the 3-4% accounts as opposed to the pathetic 0.1% or worse. But I also want to keep my options open. Sounds like I’ll have to commit to at least 30 days though. What I’d really like to find is a nice piece of land. But those prices jumped way too far and too fast. A nice recession could put that stuff back in play.
 
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#13,495
#13,495
Thunder Good-Oil said:
I’m actually going to a traditional bank in a couple of days to see about the 3-4% accounts as opposed to the pathetic 0.1% or worse. But I also want to keep my options open. Sounds like I’ll have to commit to at least 30 days though. What I’d really like to find is a nice piece of land. But those prices jumped way too far and too fast. A nice recession could put that stuff back in play.
Click to expand...
What area do you want land?

Actually, the interest rate increase has slowed things down.
 
#13,496
#13,496
Go aeiou said:
What area do you want land?

Actually, the interest rate increase has slowed things down.
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West Knoxville. Maybe Tellico, but not too far upstream. Blount County is a possibility. But I’m being picky. Nice, but not HOA restrictive. I don’t have enough real estate exposure, but I also don’t want something high maintenance. And I hate property taxes. I might just end up remodeling and over building my current spot. So like I said. I’m being selective (picky). Everything is a trade off. Convenient is good. So is privacy. But being too far out in the sticks isn’t ideal either. There are some spots that I’d like to have - but they’re off the market. Some recession pain and higher unemployment could tip the balance.

A nice lot works. Doesn’t have to be raw land.
 
#13,497
#13,497
I wouldn’t mind a nice RV. Go see relatives around the country. But those seem to have more than doubled in price recently. And upkeep w/b a PIA.
 
#13,498
#13,498
Thunder Good-Oil said:
I wouldn’t mind a nice RV. Go see relatives around the country. But those seem to have more than doubled in price recently. And upkeep w/b a PIA.
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Like land A good recession will drop the price materially. I recall in 2008+- many people were having them reposessed by the lender. An exageration, but you couldn't give them away. Nonetheless, I know people with different sizes of travel trailers.
 
#13,499
#13,499
Go aeiou said:
Like land A good recession will drop the price materially. I recall in 2008+- many people were having them reposessed by the lender. An exageration, but you couldn't give them away. Nonetheless, I know people with different sizes of travel trailers.
Click to expand...

Knoxville seems to be offsetting much of the worsening economic data by being in more and more demand. Low taxes. Low crime in most nice areas. Good services. But I have family in Austin and homes are running about 2.5x to 3.5x as much for the same homes.

I watched an online auction in Riverbend about 6 months ago. It was a near tweener - fix it or tear it down. I love Riverbend. Close in but outside of the city and the growing tax and spending muni government. Big lots. Ag zoning and woods. Duncan’s.
 
#13,500
#13,500
Thunder Good-Oil said:
West Knoxville. Maybe Tellico, but not too far upstream. Blount County is a possibility. But I’m being picky. Nice, but not HOA restrictive. I don’t have enough real estate exposure, but I also don’t want something high maintenance. And I hate property taxes. I might just end up remodeling and over building my current spot. So like I said. I’m being selective (picky). Everything is a trade off. Convenient is good. So is privacy. But being too far out in the sticks isn’t ideal either. There are some spots that I’d like to have - but they’re off the market. Some recession pain and higher unemployment could tip the balance.

A nice lot works. Doesn’t have to be raw land.
Click to expand...
I have raw land, but in Roane County near Kingston. Commercial in Collegedale on Little Debbie Parkway.I'm getting a lot of interest for the land near Kingston. We've sold 2 of 6 tracts. 30-60 Ac. each.
I suspect too far out for you. 10 minutes to Kingston. I believe same for Loudon/LC?
IMG_0407.jpg
 
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