Thanks for the responses, yes I'll stick to paying the mortgage ASAP, indeed the interest rate is high so we've been using extra money towards paying it off, it's reassuring to hear that this is the right thing to do. Our currency has been always been gradually depreciating against the USD, so much lately that it is as if our debt has shrunk as now there are higher paying jobs in my field.
Anyone use Robinhood at all? Thoughts? Been hearing ads for it a lot lately. Seems interesting and a fun way to pass the time.
A couple of weeks ago they got a bunch of publicity because they were going to offer high-yield savings accounts that turned out to not be FDIC insured and also were not properly coordinated with the SEC for how money market accounts are insured.
That is a HUGE red flag in my opinion that makes them seem a like a total shit-show.
Loaded up some more Ford (F) at $8.31 this morning. Really looking forward to 2019 with that one.
I've been kicking around the idea of buying Ford shares as I think it will go up. My earliest investing lesson that has always stuck with me though is don't buy a stock you don't believe in. My hangup is I think their decision to only focus on trucks and SUVs, ditching the car market in the US, is extreamly shortsided. That's been keeping me from pulling the trigger.
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
Nope, I had to buy more shares yesterday during the sell-off panic when they announced they aren't seeking a buyout. Got 175 more @ $11.50. Sell-off is irrational, but unfortunately you aren't supposed to catch a falling knife. Could still get worse and test $10s or could find support and start marching into the $12s, hard to say.
Either way my fundamental outlook on GME hasn't changed. They sold off their losing part of the portfolio (Mobile business, $735M sale that closed this month) and next gen consoles are probably 2021 at best before we go into the whole digital vs. physical argument again. My original price target was $17-$20 but I'm still pretty confident in $15-$17 again, not to mention the double digit dividend.
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
Nope, I had to buy more shares yesterday during the sell-off panic when they announced they aren't seeking a buyout. Got 175 more @ $11.50. Sell-off is irrational, but unfortunately you aren't supposed to catch a falling knife. Could still get worse and test $10s or could find support and start marching into the $12s, hard to say.
Either way my fundamental outlook on GME hasn't changed. They sold off their losing part of the portfolio (Mobile business, $735M sale that closed this month) and next gen consoles are probably 2021 at best before we go into the whole digital vs. physical argument again. My original price target was $17-$20 but I'm still pretty confident in $15-$17 again, not to mention the double digit dividend.
While the current 13% dividend is pretty tempting, what is your take on forecasts for them having significant negative growth in 2019?
(though I do see a price target consensus in the range of $14)
Seems like they can't afford to hold out that dividend forever...
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
Nope, I had to buy more shares yesterday during the sell-off panic when they announced they aren't seeking a buyout. Got 175 more @ $11.50. Sell-off is irrational, but unfortunately you aren't supposed to catch a falling knife. Could still get worse and test $10s or could find support and start marching into the $12s, hard to say.
Either way my fundamental outlook on GME hasn't changed. They sold off their losing part of the portfolio (Mobile business, $735M sale that closed this month) and next gen consoles are probably 2021 at best before we go into the whole digital vs. physical argument again. My original price target was $17-$20 but I'm still pretty confident in $15-$17 again, not to mention the double digit dividend.
While the current 13% dividend is pretty tempting, what is your take on forecasts for them having significant negative growth in 2019?
(though I do see a price target consensus in the range of $14)
Seems like they can't afford to hold out that dividend forever...
Gamestop is highly profitable. Gotta be careful how you word "negative growth". If you made 10% this year but only 9% next year, that would be negative growth (-1%). As opposed to a loss, which would be like going from earning 10% to losing 5% (-15%). They pay their dividend out of earnings as opposed to losing money and taking it off the balance sheet. As such I'm not too worried about the dividend.
Articles say that a 10%+ dividend isn't sustainable but they look at it the wrong way. If your stock is $10 and pays out $1, that's 10%. So you could argue cutting it to $0.50 so it is 5%, or you could look at it like the stock is severely beaten up and maybe it should be $20 with that $1 dividend for 5%.
As I said I'm not too worried about being long Gamestop until 2021 at least. Stock market can always behave irrationally on news and I have no idea where the bottom would be, but I'm not in any position where I'm worried.
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
Nope, I had to buy more shares yesterday during the sell-off panic when they announced they aren't seeking a buyout. Got 175 more @ $11.50. Sell-off is irrational, but unfortunately you aren't supposed to catch a falling knife. Could still get worse and test $10s or could find support and start marching into the $12s, hard to say.
Either way my fundamental outlook on GME hasn't changed. They sold off their losing part of the portfolio (Mobile business, $735M sale that closed this month) and next gen consoles are probably 2021 at best before we go into the whole digital vs. physical argument again. My original price target was $17-$20 but I'm still pretty confident in $15-$17 again, not to mention the double digit dividend.
While the current 13% dividend is pretty tempting, what is your take on forecasts for them having significant negative growth in 2019?
(though I do see a price target consensus in the range of $14)
Seems like they can't afford to hold out that dividend forever...
Gamestop is highly profitable. Gotta be careful how you word "negative growth". If you made 10% this year but only 9% next year, that would be negative growth (-1%). As opposed to a loss, which would be like going from earning 10% to losing 5% (-15%). They pay their dividend out of earnings as opposed to losing money and taking it off the balance sheet. As such I'm not too worried about the dividend.
Articles say that a 10%+ dividend isn't sustainable but they look at it the wrong way. If your stock is $10 and pays out $1, that's 10%. So you could argue cutting it to $0.50 so it is 5%, or you could look at it like the stock is severely beaten up and maybe it should be $20 with that $1 dividend for 5%.
As I said I'm not too worried about being long Gamestop until 2021 at least. Stock market can always behave irrationally on news and I have no idea where the bottom would be, but I'm not in any position where I'm worried.
Guess I'll keep an eye on it. I understand the temptation.
I've reupped on my GME positions during the drop, been buying in 200 share increments at certain levels. I think I'm around 1300 shares now.
They blame it on news but in reality the first drop was on 3/15 after 3/14 was the record date. Kind of expected the stock would shed a bunch of value right after you missed the call for the 13-14% dividend. Good news is the cheaper the stock, the more I'll get when the dividend reinvests at the end of the month (I use a DRIP instead of taking the cash dividend).
My opinion is no new risks to the stock that I didn't know about when I started taking my position. It's kind of like 5G technology in phones. Google Stadia sounds great but is years away from being practical, and will at best be a supplement instead of replacement for most gamers. 5G sounds like blazing fast speed but having a cell phone running 5G means little if the infrastructure isn't there to support.
In other news I also took a position in SLV and PRTY over the past month.
Absolutely, if anything I love the momentum bounce off $9. I had more ready to go at $9 but didn't pull the trigger, and once it was $9.50 I stayed out of the volatility. From chart technicals I fear it could see resistance at $10 and fall back to $9 again but I will be a strong buyer if I get another re-entry there.
There's a saying, the stock market can remain irrational longer than you can remain solvent. I view the stock price as irrational and still have a $15+ valuation on it in my mind. I will continue to ride it out.
And don't beat me up on Gamestop, my other pick of Ford is trying to breakout now. The move above $9 is significant on that one, and if it can move above $9.50 and hold, that one will start running.
And don't beat me up on Gamestop, my other pick of Ford is trying to breakout now. The move above $9 is significant on that one, and if it can move above $9.50 and hold, that one will start running.
What is your target on Ford?
Their 5-year-chart looks pretty uninspiring. (though better than Gamestop! )
And don't beat me up on Gamestop, my other pick of Ford is trying to breakout now. The move above $9 is significant on that one, and if it can move above $9.50 and hold, that one will start running.
What is your target on Ford?
Their 5-year-chart looks pretty uninspiring. (though better than Gamestop! )
Everyone has a trading style. I look for big companies that I know won't go out of business but have challenges, and look for ones who valuations are near 10-20 year lows. I don't play ones with less than 5-10 years of history generally.
Ford, hard to say. They are RADICALLY changing their strategy. Usually you'd think it is a general $8-$12 stock (buy at $8, sell at $12), but they could really run after their international restructuring and overhauling their car lineup. I don't have a specific target, I'm just holding it for at least 3-5 years most likely.
And don't beat me up on Gamestop, my other pick of Ford is trying to breakout now. The move above $9 is significant on that one, and if it can move above $9.50 and hold, that one will start running.
What is your target on Ford?
Their 5-year-chart looks pretty uninspiring. (though better than Gamestop! )
Everyone has a trading style. I look for big companies that I know won't go out of business but have challenges, and look for ones who valuations are near 10-20 year lows. I don't play ones with less than 5-10 years of history generally.
Ford, hard to say. They are RADICALLY changing their strategy. Usually you'd think it is a general $8-$12 stock (buy at $8, sell at $12), but they could really run after their international restructuring and overhauling their car lineup. I don't have a specific target, I'm just holding it for at least 3-5 years most likely.
Yeah, I'm not knocking you choosing to buy/own Ford.
It's just that they have just been on a long decline, and at least the last time I read about their plans, it didn't inspire short-term confidence.
So I was curious what YOU thought they were worth.
Given their history of having bounced back from much lower-lows in the past, they aren't catching a falling knife in the way that buying Gamestop is (IMO).
My last buy was at $9.08 last week. It's impossible to time a bottom. I've reached about my max exposure though, only willing to put so much cash into it.
My last buy was at $9.08 last week. It's impossible to time a bottom. I've reached about my max exposure though, only willing to put so much cash into it.
I'm curious what your average price is, at this point.
And there was a positive article written on GME today, hard to find those anymore. Like I've seen saying, this sell-off is ridiculous. They have some insane number like $1.2 billion in pure cash. Even if you literally took the entire company assets / inventory and threw it in the trash (which are still profitable, just at less revenue and margin than before) they'd have $5-$6 value in cash per share alone. I've never seen a stock so beaten up, seems like it will spike pretty vigorously whenever that does happen.
My last buy was at $9.08 last week. It's impossible to time a bottom. I've reached about my max exposure though, only willing to put so much cash into it.
I'm curious what your average price is, at this point.
My last buy was at $9.08 last week. It's impossible to time a bottom. I've reached about my max exposure though, only willing to put so much cash into it.
I'm curious what your average price is, at this point.
Comments
Anyone use Robinhood at all? Thoughts? Been hearing ads for it a lot lately. Seems interesting and a fun way to pass the time.
A couple of weeks ago they got a bunch of publicity because they were going to offer high-yield savings accounts that turned out to not be FDIC insured and also were not properly coordinated with the SEC for how money market accounts are insured.
That is a HUGE red flag in my opinion that makes them seem a like a total shit-show.
Anyone use Robinhood at all? Thoughts? Been hearing ads for it a lot lately. Seems interesting and a fun way to pass the time.
I use it and enjoy it. It is somewhat limited but excellent for a portfolio under 10k...
Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. https://share.robinhood.com/zachf327
^That is my referral link btw^
Loaded up some more Ford (F) at $8.31 this morning. Really looking forward to 2019 with that one.
I've been kicking around the idea of buying Ford shares as I think it will go up. My earliest investing lesson that has always stuck with me though is don't buy a stock you don't believe in. My hangup is I think their decision to only focus on trucks and SUVs, ditching the car market in the US, is extreamly shortsided. That's been keeping me from pulling the trigger.
Long overdue bump, any traders?
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
Long overdue bump, any traders?
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
Nope, I had to buy more shares yesterday during the sell-off panic when they announced they aren't seeking a buyout. Got 175 more @ $11.50. Sell-off is irrational, but unfortunately you aren't supposed to catch a falling knife. Could still get worse and test $10s or could find support and start marching into the $12s, hard to say.
Either way my fundamental outlook on GME hasn't changed. They sold off their losing part of the portfolio (Mobile business, $735M sale that closed this month) and next gen consoles are probably 2021 at best before we go into the whole digital vs. physical argument again. My original price target was $17-$20 but I'm still pretty confident in $15-$17 again, not to mention the double digit dividend.
Long overdue bump, any traders?
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
Nope, I had to buy more shares yesterday during the sell-off panic when they announced they aren't seeking a buyout. Got 175 more @ $11.50. Sell-off is irrational, but unfortunately you aren't supposed to catch a falling knife. Could still get worse and test $10s or could find support and start marching into the $12s, hard to say.
Either way my fundamental outlook on GME hasn't changed. They sold off their losing part of the portfolio (Mobile business, $735M sale that closed this month) and next gen consoles are probably 2021 at best before we go into the whole digital vs. physical argument again. My original price target was $17-$20 but I'm still pretty confident in $15-$17 again, not to mention the double digit dividend.
While the current 13% dividend is pretty tempting, what is your take on forecasts for them having significant negative growth in 2019?
(though I do see a price target consensus in the range of $14)
Seems like they can't afford to hold out that dividend forever...
Long overdue bump, any traders?
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
Nope, I had to buy more shares yesterday during the sell-off panic when they announced they aren't seeking a buyout. Got 175 more @ $11.50. Sell-off is irrational, but unfortunately you aren't supposed to catch a falling knife. Could still get worse and test $10s or could find support and start marching into the $12s, hard to say.
Either way my fundamental outlook on GME hasn't changed. They sold off their losing part of the portfolio (Mobile business, $735M sale that closed this month) and next gen consoles are probably 2021 at best before we go into the whole digital vs. physical argument again. My original price target was $17-$20 but I'm still pretty confident in $15-$17 again, not to mention the double digit dividend.
While the current 13% dividend is pretty tempting, what is your take on forecasts for them having significant negative growth in 2019?
(though I do see a price target consensus in the range of $14)
Seems like they can't afford to hold out that dividend forever...
Gamestop is highly profitable. Gotta be careful how you word "negative growth". If you made 10% this year but only 9% next year, that would be negative growth (-1%). As opposed to a loss, which would be like going from earning 10% to losing 5% (-15%). They pay their dividend out of earnings as opposed to losing money and taking it off the balance sheet. As such I'm not too worried about the dividend.
Articles say that a 10%+ dividend isn't sustainable but they look at it the wrong way. If your stock is $10 and pays out $1, that's 10%. So you could argue cutting it to $0.50 so it is 5%, or you could look at it like the stock is severely beaten up and maybe it should be $20 with that $1 dividend for 5%.
As I said I'm not too worried about being long Gamestop until 2021 at least. Stock market can always behave irrationally on news and I have no idea where the bottom would be, but I'm not in any position where I'm worried.
Long overdue bump, any traders?
I bought 500 shares of GME (Gamestop) at $13.21 this morning. Was hoping for that drop at open after earnings, got it, and I love their future (and the techical support around $13). 11% dividend isn't too shabby either.
Got one dividend payout last month ($180ish, reinvested in shares) and GME is going bonkers today, up in the $14s. This one is a no brainer to be at least a $15-$20 valuation, still a hard buy in the $13 range IMO.
Did u cash out? Think it will bounce back? Ive been watching it since u brought it up and it looked super strong
Nope, I had to buy more shares yesterday during the sell-off panic when they announced they aren't seeking a buyout. Got 175 more @ $11.50. Sell-off is irrational, but unfortunately you aren't supposed to catch a falling knife. Could still get worse and test $10s or could find support and start marching into the $12s, hard to say.
Either way my fundamental outlook on GME hasn't changed. They sold off their losing part of the portfolio (Mobile business, $735M sale that closed this month) and next gen consoles are probably 2021 at best before we go into the whole digital vs. physical argument again. My original price target was $17-$20 but I'm still pretty confident in $15-$17 again, not to mention the double digit dividend.
While the current 13% dividend is pretty tempting, what is your take on forecasts for them having significant negative growth in 2019?
(though I do see a price target consensus in the range of $14)
Seems like they can't afford to hold out that dividend forever...
Gamestop is highly profitable. Gotta be careful how you word "negative growth". If you made 10% this year but only 9% next year, that would be negative growth (-1%). As opposed to a loss, which would be like going from earning 10% to losing 5% (-15%). They pay their dividend out of earnings as opposed to losing money and taking it off the balance sheet. As such I'm not too worried about the dividend.
Articles say that a 10%+ dividend isn't sustainable but they look at it the wrong way. If your stock is $10 and pays out $1, that's 10%. So you could argue cutting it to $0.50 so it is 5%, or you could look at it like the stock is severely beaten up and maybe it should be $20 with that $1 dividend for 5%.
As I said I'm not too worried about being long Gamestop until 2021 at least. Stock market can always behave irrationally on news and I have no idea where the bottom would be, but I'm not in any position where I'm worried.
Guess I'll keep an eye on it. I understand the temptation.
They blame it on news but in reality the first drop was on 3/15 after 3/14 was the record date. Kind of expected the stock would shed a bunch of value right after you missed the call for the 13-14% dividend. Good news is the cheaper the stock, the more I'll get when the dividend reinvests at the end of the month (I use a DRIP instead of taking the cash dividend).
My opinion is no new risks to the stock that I didn't know about when I started taking my position. It's kind of like 5G technology in phones. Google Stadia sounds great but is years away from being practical, and will at best be a supplement instead of replacement for most gamers. 5G sounds like blazing fast speed but having a cell phone running 5G means little if the infrastructure isn't there to support.
In other news I also took a position in SLV and PRTY over the past month.
There's a saying, the stock market can remain irrational longer than you can remain solvent. I view the stock price as irrational and still have a $15+ valuation on it in my mind. I will continue to ride it out.
Originally posted by: jonebone
And don't beat me up on Gamestop, my other pick of Ford is trying to breakout now. The move above $9 is significant on that one, and if it can move above $9.50 and hold, that one will start running.
What is your target on Ford?
Their 5-year-chart looks pretty uninspiring. (though better than Gamestop! )
And don't beat me up on Gamestop, my other pick of Ford is trying to breakout now. The move above $9 is significant on that one, and if it can move above $9.50 and hold, that one will start running.
What is your target on Ford?
Their 5-year-chart looks pretty uninspiring. (though better than Gamestop! )
Everyone has a trading style. I look for big companies that I know won't go out of business but have challenges, and look for ones who valuations are near 10-20 year lows. I don't play ones with less than 5-10 years of history generally.
Ford, hard to say. They are RADICALLY changing their strategy. Usually you'd think it is a general $8-$12 stock (buy at $8, sell at $12), but they could really run after their international restructuring and overhauling their car lineup. I don't have a specific target, I'm just holding it for at least 3-5 years most likely.
And don't beat me up on Gamestop, my other pick of Ford is trying to breakout now. The move above $9 is significant on that one, and if it can move above $9.50 and hold, that one will start running.
What is your target on Ford?
Their 5-year-chart looks pretty uninspiring. (though better than Gamestop! )
Everyone has a trading style. I look for big companies that I know won't go out of business but have challenges, and look for ones who valuations are near 10-20 year lows. I don't play ones with less than 5-10 years of history generally.
Ford, hard to say. They are RADICALLY changing their strategy. Usually you'd think it is a general $8-$12 stock (buy at $8, sell at $12), but they could really run after their international restructuring and overhauling their car lineup. I don't have a specific target, I'm just holding it for at least 3-5 years most likely.
Yeah, I'm not knocking you choosing to buy/own Ford.
It's just that they have just been on a long decline, and at least the last time I read about their plans, it didn't inspire short-term confidence.
So I was curious what YOU thought they were worth.
Given their history of having bounced back from much lower-lows in the past, they aren't catching a falling knife in the way that buying Gamestop is (IMO).
You buy up all them GS stock when it hit $8.50ish?
If you make the decision to ride it out then you have to double down with the lows.
My last buy was at $9.08 last week. It's impossible to time a bottom. I've reached about my max exposure though, only willing to put so much cash into it.
I'm curious what your average price is, at this point.
https://finance.yahoo.com/news/gamestop-playing-turnaround-100000006.html
My last buy was at $9.08 last week. It's impossible to time a bottom. I've reached about my max exposure though, only willing to put so much cash into it.
I'm curious what your average price is, at this point.
About 1600 shares around $11.50 more or less.
Like I've seen saying, this sell-off is ridiculous.
Well, their refusal to offer guidance/expectations seems like it kicked off (or at least played into) the worst of it.
My last buy was at $9.08 last week. It's impossible to time a bottom. I've reached about my max exposure though, only willing to put so much cash into it.
I'm curious what your average price is, at this point.
About 1600 shares around $11.50 more or less.
Is your eventual price target still the same?