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08-21-2020, 01:11 PM | #5926 | |
MVP
Join Date: May 2001
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Quote:
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Posts: 18,227
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08-21-2020, 01:19 PM | #5927 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Quote:
I've been trying to retrain myself a bit. If a stock is going up I should hold it. I've traditionally felt that I should lock in the profit by selling some, but TSLA and the FAANG stocks are changing my mind on that. I'm getting a little nervous because the FAANGS plus MSFT and TSLA are now over 12 percent of my total portfolio which doesn't seem very diversified, but man, they just keep going up. Now that I think about it, though, 12 percent isn't all that much, right? Or is it? |
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Posts: 142,964
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08-21-2020, 02:35 PM | #5928 |
MVP
Join Date: Oct 2017
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Tesla now has a higher market cap than Wal-Mart.
According to reddit Walmart: Revenue: 134B Net profit Margin: 3% Tesla: Revenue: 6B Net profit Margin: 1.7% This is wild |
Posts: 7,381
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08-21-2020, 03:58 PM | #5929 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
I'm not sure where they got those revenue numbers, Walmart is 500+ Billion revenue and around 15 billion net income. If Tesla passed JNJ that just leaves Visa, Berkshire and the big 5 tech larger then Tesla. Pretty crazy. Speaking of, Apple was up 5% on a random day today. Our large and mega caps are now jumping around like unknown microcaps that just got a positive segment or headline. |
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Posts: 6,376
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08-25-2020, 09:11 PM | #5930 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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After 90 years on the DOW.....
Exxon removed. |
Posts: 46,112
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08-25-2020, 11:29 PM | #5931 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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08-26-2020, 12:19 AM | #5932 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
That AARK ETF I mentioned in the other thread is managed by Catherine Wood ,I really like her but she has Tesla alone as 10% of her portfolio. And If Biden wins (which there's no way in hell he will) the market will tank. When Trump wins you'll see a HUGE rally. Last edited by Hog's Gone Fishin; 08-26-2020 at 12:28 AM.. |
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Posts: 40,635
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08-26-2020, 02:47 AM | #5933 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Somewhat shocking but I know that the fear for the Wall Street old timers is that the Dow Jones is the Dinosaur and Nasdaq is the top dog for headlines and growth.
They want stocks that can rise, not some stodgy piece of junk like Ford that stays at $6-9 for 25 years or GE that goes from $60 to $6 in the blink of an eye. Dow Jones needs winners....... |
Posts: 52,396
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08-26-2020, 02:49 AM | #5934 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Started as Standard Oil of New Jersey by John D Rockefeller
Changed to Esso (Tiger logo just like Tony the Tiger) Changed to Exxon Merged with Mobil Became Exxon Mobil Back to Exxon Kicked out of the Dow...... There it is in a nutshell. |
Posts: 52,396
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08-26-2020, 07:51 AM | #5935 |
Colorado Chief Fan
Join Date: Feb 2006
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So what does that mean for the stock itself? XOM
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Posts: 5,606
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08-26-2020, 08:53 AM | #5936 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Wasn’t Mobil a standard oil company that got split off in the antitrust suit? |
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Posts: 57,834
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08-26-2020, 08:55 AM | #5937 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,834
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08-27-2020, 02:06 AM | #5938 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Quote:
They broke up his company into like 40 different companies. One of, if not the the largest breakups of a corporation in history. ATT only went into like (9) Baby Bells |
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Posts: 52,396
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08-27-2020, 05:37 AM | #5939 | |
TACO SALAD
Join Date: Apr 2008
Location: yes
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Quote:
There has been a lot of talk that Teslas wild moves the last year are people trying to front run it possibly getting added to the S&P 500 if it were able to have a full year where it made an actual profit. Which I think it did squeeze out a small full year profit with it's last earnings. Except Tesla would be the 7th largest holding rn if it joined, not no. 450 or 320 like normal. Almost 5 trillion is indexed to the S&P 500, I've no idea what would happen. |
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Posts: 6,376
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08-28-2020, 11:51 AM | #5940 |
The Seated Villain
Join Date: Apr 2007
Location: Seattle
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Does anyone mind if I talk about options trading in here? I understand if it's seen as outside the purpose of this thread.
Anyway, I've just started out trying my hand at it, and I apparently need to work on my timing a bit. I bought some WMT calls for $214, and sold them yesterday for $346. I was pretty happy with my 62% profit in a few days. Today, WMT is up more so I thought I'd check just to see what could have been (probably a bad idea). My WMT options would be worth $1260 today. |
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