SVTP stock pick thread.

[Weather Man]

MSFT's earnings weren't bad.
Google earnings were bad.
AMZN and Apple earnings will be interesting.

Earnings weren't bad at all in the news scroll this morning. More conflicting data.

 

[VegasMichael]

.

 

[Weather Man]

META earnings, regardless of what they are, is a total non-story. Not an economic bellwether at all.

I'm still a tad confused about the job market. One day businesses need thousands of employees, the next day businesses are having layoffs and hiring freezes.

A lot of those never filled jobs were in tech and just went poof. Regular stores still need people. The trades are interesting because builders are going to be loath to give up people, but the builders may not have a choice.

 

[MG0h3]

A lot of those never filled jobs were in tech and just went poof. Regular stores still need people. The trades are interesting because builders are going to be loath to give up people, but the builders may not have a choice.

Has anybody talked to someone who has gotten a quote on a mortgage recently?

I see the rate shown on CNBC says 7.15.

When it said 5.875 I got quoted 6.375. That’s 800+ credit score. No mortgage, car payment, nothing.

Bet it’s up in the 7.75 for the average borrower.


Sent from my iPhone using the svtperformance.com mobile app

 

[Weather Man]

Has anybody talked to someone who has gotten a quote on a mortgage recently?

I see the rate shown on CNBC says 7.15.

When it said 5.875 I got quoted 6.375. That’s 800+ credit score. No mortgage, car payment, nothing.

Bet it’s up in the 7.75 for the average borrower.


Sent from my iPhone using the svtperformance.com mobile app

It has been rapidly jumping up.

 

[Weather Man]

Interesting bank I have been looking at in my banking bucket:

CFFN Capitol Federal Financial, Inc.​

It is really beat down and cheaper than during the Great Recession. Has an interesting dividend policy and I think some meat on the capital gains bones (for a banking stock ) Something to watch for me.

 

[VegasMichael]

.

 

[VegasMichael]

.

 

[Fat Boss]

Sold some CVX and bought some META this morning. Sell high, buy low.

 

[Weather Man]

I'm not seeing anything in the large cap arena that's even remotely interesting anymore.

Seagate is interesting, but more pain to come I think.

 

[VegasMichael]

.

 

[VegasMichael]

.

 

[Fat Boss]

I can't get on board with META. I mean it's attractively priced but I'm not a fan of Zuckerberg's vision with the metaverse. And the amount of shares he and other insiders have sold in the past year is mind boggling.

I hear you. It a huge gamble for sure. But, might pay off immensely if it turns out to be what he envisions. I didn't buy a lot of shares though.

 

[DiB14-SAFD]

Didn’t get out of my SPY puts early enough and they were getting roasted. I think I started the morning with around a $1.50 average. Added blocks throughout the morning til my average was around .35 when the puts were selling for .14. The afternoon drop saved my ass and I ended up getting stopped out around .65. Made 3k on the deal but I think they ended up hitting 1.20 later on.

 

[ETH]

Sold some CVX and bought some META this morning. Sell high, buy low.

Although I think META has dug itself a hole more than neck deep, I wish you the best of luck!

 

[VegasMichael]

.

 

[Weather Man]

GDP showed some expansion.
A second railroad union turned down Biden's tentative agreement.

Everything is crazy.

 

[MG0h3]

Sold some CVX and bought some META this morning. Sell high, buy low.

Ouch.

I bought 75 about 6 months ago when it was off 50%.

Bought 100 more right now to average down.


Sent from my iPhone using the svtperformance.com mobile app

 

[Fat Boss]

Ouch.

I bought 75 about 6 months ago when it was off 50%.

Bought 100 more right now to average down.


Sent from my iPhone using the svtperformance.com mobile app

Dang. Well, glad I didn't buy much. I think it was 4 shares haha.

 

[Weather Man]

META's cash burn on the metaverse shows no sign of slowing down, that's a problem. I think they are vastly overestimating people's willingness to wear these headsets.