$0.42 (0.25%) Today
52 Week High
52 Week Low
7 Days Mentions
NVDA is a forever hold. PYPL and SQ are undervalued IMO, but could go down further with tech stocks getting pummeled. I’m not interested in investing in ROKU. The streaming space is incredibly crowded and there’s not that much more growth to be had post-pandemic.
>ROKU bought at $260, PYPL at $230, SQ at $180, and NVDA at $297 Your cost basis has nothing to do with whether or not you should continue holding a position. Do you think these stocks have a future? Did the fundamentals stay the same? Is the level of risk on your holdings acceptable? Are they uncorrelated? Has your time horizon stayed the same? If you answered yes to all of these then there is nothing further to consider. If anything other than the first two questions is a no then you may want to change things up but you don't have to.
Quick comment on NVDA. If the market has 3 or 4 consecutive green days, you might be able to get out of that bag. It would be the easiest bag for you to get out of, of the 4. Of course, NVDA isn't really a bag, it's just your entry doesn't look good because of the recent correction. Stock will continue to be choppy, so getting out of NVDA at $297 on a rally, and then getting back in around $265 might be the better course of action. Everybody's telling you to dump ROKU, but man, you'd take a massive loss by dumping at these prices. I'd try to just hold it until it's in the low 200's again and then bail. If PYPL flirts with the low $170's again, maybe add some more and try to get your cost basis down to around $200 per share. For example, let's say PYPL hit $173.75. How many shares of PYPL do you need to buy at that price, to lower your overall PYPL cost basis to $200 per share? They key with PYPL is going to be some patience though. But it still might make sense to see if you can lower your CB without needing to add a ton of shares. I don't really have any real opinion on Square. I'd maybe add enough shares in the low $130's, to try to get your CB down to $165 and then just hold.
Not super intimate with all of these, but I would probably get out of ROKU and definitely hold onto NVDA. The streaming market is highly competitive and has a relatively low cost of entry. ROKU is going to have to really up their game if they ever want to stay competitive.
NVDA is the best company of them, but still trading at obscene valuation. PYPL- decent company, still way overpriced. SQ- doubling down on crypto, and still no profits. ROKU- want to like them, but..eh. And crazy expensive. I'd bail on all, except maybe Nvidia.
All those ppl defending ARK below about buying into innovation/growth early and will eventually pan out have zero clue what ARK does. They don't have conviction in their trades. They buy meme shit like WKHS, SPCE, FSLY and bails on them within months for big L. It's not even a secret. ARK post their trades transparently daily. If they diamond hand them until the company executes, great. But ARK talks a big game about 5 years horizon but uses investor money and swing trades and tries to time the market, often failing spectacularly at it. TSLA and other growth names like TDOC, SQ, ROKU, etc can only carry them so much. It is especially telling when those names pull back too. You are not buying into an actively managed fund that does some amazing DD and figured out a proper entry to accumulate or take gains on. You're literally buying into someone who uses a significant portion of their inflows and capital to try and time the market with meme shit.
If it's any consolation it isn't even just cannabis stocks. Check the charts on ROKU, DKNG, FCEL or a bunch of "Growth" stocks. They have all been hammered. At least the numbers and growth makes somewhat sense where cannabis is going.
AMC puts are way better. Every AMC put I have ever purchased has netted me at least a 50% gain, and with the most recent news of the CEO selling 300k shares they are finished. It is going to constantly bleed until it hits its actual value of $5-$8. Im buying weekly puts on AMC at this point. ARKK puts are good too but the exposure there is if the money comes back into high-tech growth stocks, all of her trash shit, ROKU, PLTR, HOOD will all get a boost and you will be burnt.
I'm late to the 🏳🌈🐻 party but I've decided to go full 🌈. What are some shorts that are still good? Today I shorted TDOC, TSLA, ROKU and longed SARK (short ark) I started my positions very very small because I know being short scares the fuck out of me, so once they are ITM I will add to them a bit more. Is there any WSB Inverse or WSB for Bears kind of sub that any of the pro gay bears here can refer me to ? by the way.. I am actually gay, so this can't go tits up!
Yeah, this totally kept stocks like ROKU, PYPL, DKNG, and others from reaching exceedingly high valuations...right? SPCE owners dumped on it when it was way higher. AMC leadership is selling off their stake, etc.
I think you're right. I know pre-markets don't mean much, but being down almost 2% pre-market today can indicate a likely direction. At least for a growth stock like ROKU. Not a ROKU hater btw. I held ROKU for awhile but thought about its main drivers for profit and sold it two days before a major drop.
I didn't see it preforming quite this bad, but during peak hype in early 2021 I explicitly warned people here that it was likely a bad idea to invest in ARK at that point in time. Like you I got a lot of dismissive responses. People really believed her active management approach would allow her to outperform regardless of market conditions. Honestly I've been surprised at just how bad her calls have been this year. I run a similarish strategy to Cathie Wood in that I invest almost entirely in growth stocks within the innovation space and I've done alright this last year. The fact ARKK is down so much imo is a product of Cathie's extreme optimism which prevents her from managing risk appropriately. She's recklessly bullish which might be a good strategy in strong bull markets, but otherwise this is the expected result. Frankly her 2019 $4,000 call on TSLA was stupid and only seems smart in hindsight. And after she was proved right, she continued to double down and only got more bullish on TSLA. She should have sold the position entirely and put it into less loved places. That said, I think some of her stocks are really oversold at this point. I'm not investing in ARKK, but recently I have been looking through her holdings and picking out some names I like. Threads like this and ETFs like SARK suggest to me there is a kind of reverse FOMO going on at this point. I suspect many of her stocks will see a decent bounce in 2022. COIN and ROKU I quite like at their current price, for example.
Why did you buy it? With these growth stocks, there will be a lot of volatility short term but the hope is that long term you have a big winner. I’m a ROKU bull long term. As long as streaming keeps growing (which I believe it will), Roku will be a major player as they have been for years now.
What's everyone's take on $ROKU ? Man it's taken a beating. I was thinking it was in oversold territory weeks ago and it's still plummeting. Tempted to open a position but don't wanna get caught catching a falling sword. Would love to hear some of your takes on it
At least ROKU is a profitable company with good growth expected to continue. And, most analysts still have ROKU’s price target in the upper $200s and lower $300s. It can make some pretty big moves rather quickly. I think it will come back around over the next month to maybe 3 months. Hopefully. Just my opinion.
If you’re in a growth stock like ROKU, you have to be able to stomach the volatility. It seems to be at its bottom at this point, or close to it, if I had to guess, so it wouldn’t be wise selling it now in my opinion. Maybe buy some more to lower your cost basis if you can. I own it also, and I am in the same boat as you are. I’ve averaged down, but I’m still down on it right now. Hopefully, they do good on their earnings next month. I think it may go up some soon when some who sold in December for tax loss get to buy back in. And, money seems to rotate around, so some will probably rotate back into tech here in a little while as people look to buy up bargains like ROKU that are down so much. Good luck.
I patiently waited for DKNG to fall 50% from highs before I bought in. I’m -25% even after that. I patiently waited for SQ to fall 30% from highs before I bought in. I’m -25% even after that. I patiently waited for PYPL to fall 30% from highs before I bought in. I’m -10% even after that. I patiently waited for ROKU to fall 50% from highs before I bought in. I’m -25% even after that. And many, many more similar stories. What the actual FUCK! How can companies, especially ones that actually are profitable, lose over half their fucking market cap and keep falling!? In-fucking-sane.
you are right i did not get 34%. More like slightly over 10% (4 strikes, ROKU). I usually just do the wheel but in this case i was confident in ending up way OTM at expiry. so it seemed worth it. I rarely find any spreads with 30%+ return on the width. It just might not be at my capital allocation/risk level.
This is so true. I always tell people, look: There are a million ways to make money investing. You can't own everything and you won't hit all the trends. Just focus on what makes you comfortable, go for the high-quality in those realms (or w/e you specialize at..i.e. growth, value, etc.) and try to enjoy the ride. You could have bought AAPL 10 years and or NVDA 5 years ago and made a killing. Hell, ROKU was sub-$30 in 2018. Last year it was almost $500 a share. Like you said, do what works for you!
What? Most of the pre-IPO VC companies are far from being profitable, and most of the VC darlings take years to become profitable after IPO. You probably don't mean profitability, but stock growth, but even then, there is way too many losers in the VC stage that it doesn't make much sense to invest unless you have a shitload of money and want to play for the possibility of a moonshot. Yes, you might hit a home-run, but the odds are not that good and even then, stocks that actually go through IPO have a lot more to go at that stage. If you hit a winner, you're still doing good - e. g. SQ is up over a 1000% since its IPO in 2015 (after being nearly 50% down!), OKTA is up 800% since its 2017 IPO, ROKU is up almost 700% since its IPO also in 2017. Yes, there are plenty of losers post-IPO, too, but its even more in the pre-IPO stage and you actually have available information about public companies, so you can make reasonable investment decisions. So many pre-IPO companies fail, and you'd have far lower chance of making good moves without the more accessible data about public companies.