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Wild

Zi Nazi
Admin
Dec 31, 2014
90,140
129,738
Boston Beer (SAM) has had an interesting Covid run.

View attachment 66292

It had a nice run from trading just below $400 to a high of $1349. This movement was on the back of the hard seltzer craze, which SAM is in the midst of with their TRULY seltzers.

But they grossly exaggerated estimates of continued growth, and they believed their own hype and over-produced their seltzers. They have a shelf life, so millions of TRULYs were destroyed because they didn't sell. That lead to a quarter in the red and the market is crushing them for it.

I wouldn't jump in yet, but it's definitely one to watch to see where it settles at.
Whats your target entry point?
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,664
59,552
Whats your target entry point?
Just watching it for now. Not planning on taking a position any time soon.

The run up was insane and probably way overbought. It feels like this is close to the right level, but my assumption is it will continue to drop.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,664
59,552
Anyone rolling the dice and taking a position with Twitter with all the Elon Musk talk?

Up 8% today.
Still trading below $50 ($48.70)

52 week low of $31.30
52 week high of $73.34

Elon offered $54.20/share
Pre-market $51.25
Reportedly the deal will get done at $54.20
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,664
59,552
DJIA is down roughly $2k since Thursday 10 AM.

Ouch.

Screenshot_20220425-110518_MSP.jpg
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,664
59,552
Kamala: "Hey Joe, how's the market doing?"

Joe: "Looks good to me you stupid bitch."

Kamala: "What!"

Joe: "What?!"

 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,664
59,552
A nice little 3% haicut from the portfolio today.

 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,664
59,552

Pfizer looking to cash in before everyone completely forgets about Covid. Coming for those kids!

They were one of the few stocks in the green today.
 
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Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,664
59,552
LMAO @ this ridiculous beat by BlueLinx

View attachment 35447

Expected EPS of $2.09; reported $6.28
And beat on revenue by $170 million with a reported $1.03 billion, which is up 56% from Q1 2020.



Printing money.
Stock is already up huge from the Covid Collapse.
EPS for Q1 2022: $13.19
LMAO

Absolutely crushing the already ridiculous estimates.


Screenshot_20220504-095545_MSP.jpg

Heyah, mule. Heyah!

 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,664
59,552
DOW just jumped huge after the Fed announced the first 50 bip rate hike.

Wall Street is reacting favorably as this was expected, but there must have been fears that the Fed would entertain 75 bips to get inflation under control. Powell pretty much ruled it out entirely.

Look at the run around 2:30:

Screenshot_20220504-155551_MSP.jpg
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
47,664
59,552
Screenshot_20220504-160230_MSP.jpg



Haha. What a fun day.
Best day on Wall Street in 2 years.
 

Wild

Zi Nazi
Admin
Dec 31, 2014
90,140
129,738
What a shit show this economy is. How many more days like today are ahead? Many I’m afraid. Moving my 401k assets into bonds 6 months ago was maybe one of the smartest financial decisions I’ve ever made. Holy shit, I feel for those that are losing their asses right now.