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11-26-2019, 04:21 PM
#141
 Originally Posted by billyjoe
Yeh, that's cool, Billy. Just looking for some diversification. Actually Squawk Box Asia covers Australia in some detail because depending on the time of year and where in Australia you are the Australia markets open shortly ahead of the Chinese markets, Viet Nam and Whatnot.
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11-27-2019, 11:24 AM
#142
 Originally Posted by BlueWolf
I really liked RVLV, and still do to some extent even though they’re not on my LT watch list right now. I didn’t like the way it was trending, however, and closed my position. I’m interested on ETSY for the potential. They’re revenue story has been exceptional. They got punished in August and then again at the end of November. The reasons for the August hit were a little subtle, but the October hit was because of a drop in quarterly revenue. Still, for the full year, revenue is expected to grow 30+% YoY, and their forward guidance is still strong. I agree that the trend doesn’t look that great here for an entry, but I do think it is becoming fairly valued, which for a growth stock, is compelling (usually they are somewhat overvalued). I’m lousy at calling bottoms, but I will keep an eye on this one and if it starts trending up, I might jump in.
I jumped in and purchased ETSY today. Was considering this or doubling down my position in UAA after their lawsuit which news announced today that it should not impact the company.
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11-27-2019, 05:02 PM
#143
 Originally Posted by sixfeetfour
I jumped in and purchased ETSY today. Was considering this or doubling down my position in UAA after their lawsuit which news announced today that it should not impact the company.
Great minds think alike, sixfeetfour. 😉 I openned a full position in ETSY today myself. I was reviewing their financials and their third quarter numbers don’t look so bad to me even though the street hated them. I guess when you are a growth stock, expectations are everything so you can’t afford to miss even by a fraction. Nevertheless, I’m looking at this pullback as an opportunity to get a good entry in a high growth stock. The valuation right now looks more like a value stock than a growth stock, so I thought I’d take a shot.
I also made a couple of changes to my LT watchlist. I dropped WORK because I think they do indeed have a serious competition problem with Microsoft Teams. Microsoft recently released some numbers for Teams, and they are growing by leaps and bounds. I can’t help but believe that some of this growth is going to come at the expense of Slack, WORK’s primary product. Even if it doesn’t happen immediately, I’m thinking it will eventually show up in WORK’s numbers. Now is just not the right time to enter WORK. I was tempted to enter MSFT, but I am a little cautious about entering here. I definitely would like to add MSFT to my portfolio.
I also added a recent IPO stock, LVGO, to my watchlist. The growth story there is phenomenal. If it bases a little more at these levels, I may jump in.
Here are my updated positions and watchlist:
Current LT positions:
AAPL, AAXN, ABMD, AMZN, APPN, AYX, BIDU, CGNX, DDOG, DOCU, EDIT, EEFT, EPAM, ESTC, ETSY, FB, FICO, GH, INSP, ISRG, LYV, MA, MDB, MELI, MTCH, NTNX, NVCR, NVDA, OKTA, OLLI, PANW, ROKU, SFIX, SHOP, SMAR, TDOC, TEAM, TREX, TTD, TTWO, TWLO, VEEV, WIX, ZEN, ZM, ZS
Current LT Candidates:
ADSK, AMT, APPF, BRK/B, CRM, CRSP, ETSY, GOOG, HUBS, KNSL, LITE, LOB, LOPE, LVGO, MASI, MSFT, NEE, NOW, PYPL, QTWO, RGEN, SNPS, SPLK, WD, WDAY
- Underlined = I have previously provided a write up in this thread
- Bold - New Stock
Last edited by BlueWolf; 11-28-2019 at 12:17 PM.
Reason: Fixed grammar and spacing errors
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11-27-2019, 07:48 PM
#144
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11-28-2019, 10:59 AM
#145
MA has been a wonderfully boring stock for me: http://bigcharts.marketwatch.com/qui...w=True&time=12
Hindsight is always 20-20, but I still think if I had put everything into MA 5 years ago.
---------------billy
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