SVTP stock pick thread.

Blk04L

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In the sea of red, Dominos pizza is up 3%.

Speaking of KOLD, I need to do more research(LOL) but wth happened to them?
 

q6543

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If S&P breaks and undercuts the june lows after the breadth thrust and 50% retracement, that will be a historical first.

Definitely some serious shxt going on.
I hope it holds but it's knocking on the door.
 

VegasMichael

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Increased BHP stash to 1000 shares.

Might do more Altria but man. Their P/E is in the 40s vs BHP @7.

Bought 500 KOLD because screw it. Usually don’t do leveraged stuff but the trend seems favorable.

One GOV ****up and we’re screwed lol.


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Yeah, Altria is a tad worrisome from a valuation standpoint. Verizon and AT&T are safer bets in my opinion if yield is what you are after along with low PE's. I don't own either and never make recommendations, only observations.
 

MG0h3

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If S&P breaks and undercuts the june lows after the breadth thrust and 50% retracement, that will be a historical first.

Definitely some serious shxt going on.
I hope it holds but it's knocking on the door.

What did you expect. What was the June low? 3610 or something?

Inflation not seen in 40yrs

Dumb **** Prez keeps pouring money in while at the same time telling Fed to stop inflation by raising rates.

Realtor just told me average mortgage rates now are 7. High 6s for VA.

Be high sevens or 8 in Jan.


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MG0h3

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Oh and my “money that isn’t money because it’s a store of value” is down more than the stock market in equivalent time.

What gives


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q6543

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1 bitcoin still equals 1 bitcoin last time I checked.

Silver lining is $65k 2020 gt500s, $38k 2014 gt500s and $25k 03 cobras are on the way.

So figure out what we're all buying next!!
I may go for the Mclaren finally.
 
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Adower

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What did you expect. What was the June low? 3610 or something?

Inflation not seen in 40yrs

Dumb **** Prez keeps pouring money in while at the same time telling Fed to stop inflation by raising rates.

Realtor just told me average mortgage rates now are 7. High 6s for VA.

Be high sevens or 8 in Jan.


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Yep, there is no damn way I would buy a house with a 6%+ interest rate. Especially at something close to 7 figures.
 

Blk04L

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Yep, there is no damn way I would buy a house with a 6%+ interest rate. Especially at something close to 7 figures.

I still see realtors online saying "oh you can refinance later". Yea, maybe in 24/25 on a still overpriced house that has an equally inflated tax bill.
 

Adower

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I still see realtors online saying "oh you can refinance later". Yea, maybe in 24/25 on a still overpriced house that has an equally inflated tax bill.
I dont think the housing interest rates are coming down until 2025.
 

q6543

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Screenshot_20220923-173040_Chrome.jpg
 

MG0h3

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Damn. They’re higher now than they ever went after the bust.

Thanks for posting.


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cobracide

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Reeeeaaly should have sold my NVIDIA and AMD when it was up the other day

I got caught too with AMD, it's obviously too late to get out at this point. Was betting on no recession but the Fed is getting ahead of itself. First the Fed is behind and now ahead. So now I'm hoping for a quick recession of about a year. Remember - one of the first sectors that bounce back in a good economy are semiconductors. So at least we have that.

Inflation is already pulling back in commodities but the problem is this is supply side driven inflation. Raising interest rates does nothing for that. For example - the natural gas prices.. to make more available, cheaper - build more pipelines. But we all know the tree hugging Dems block any new conventional energy initiatives. All that Covid aid and student loan forgiveness dumped Billions into the money supply (M1, M2)- as well as years of easy money (artificially low interest rates) have caught up. Nothing is for free and now we are paying for it. More than likely the Fed will now overdo it and overshoot tightening, if they haven't already.
 
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MG0h3

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I got caught too with AMD, it's obviously too late to get out at this point. Was betting on no recession but the Fed is getting ahead of itself. First the Fed is behind and now ahead. So now I'm hoping for a quick recession of about a year. Remember - one of the first sectors that bounce back in a good economy are semiconductors. So at least we have that.

Inflation is already pulling back in commodities but the problem is this is supply side driven inflation. Raising interest rates does nothing for that. For example - the natural gas prices.. to make more available, cheaper - build more pipelines. But we all know the tree hugging Dems block any new conventional energy initiatives. All that Covid aid and student loan forgiveness dumped Billions into the money supply (M1, M2)- as well as years of easy money (artificially low interest rates) have caught up. Nothing is for free and now we are paying for it. More than likely the Fed will now overdo it and overshoot tightening, if they haven't already.

The fed always does that.

The response trails the action by 6-12 months.

Add in Biden still dumping money in….

Plus you’ve got the whole “40 yr high inflation” deal which makes this a big event.

If you think the stock you own will continue down, sell it. Rebuy lower.

I convinced a coworker to move his 401k funds to G bonds when the S&P was around 4200 back in April or May.

It dropped to 3600, then bounced back to 4100ish.

For some reason, he got back in to S&P/Dow funds a few weeks ago and has been losing his ass for the last two weeks. Doesn’t want to “lock in” the loss but we both believe the market will continue down.

Tough call but better to arrest the fall then go splat.


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