Stocks for the Long Term

[Louetta]

Louetta, Despite the "Asia" in the FAX symbol, 6 of its top 7 holdings are in Australian bonds.

https://finance.yahoo.com/news/asia-...100000957.html

-----------------billy

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.

[sixfeetfour]

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.

[BlueWolf]

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

1. Underlined = I have previously provided a write up in this thread
2. Bold - New Stock

[Louetta]

Thanks for the update.

[billyjoe]

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

[BlueWolf]

Added a 1/2 position in LVGO today. I also thought about adding to my DOCU position, but didn’t. I really like their story, though.

Current LT positions:
AAPL, AAXN, ABMD, AMZN, APPN, AYX, BIDU, CGNX, DDOG, DOCU, EDIT, EEFT, EPAM, ESTC, ETSY, FB, FICO, GH, INSP, ISRG, LVGO, 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:
ADBE, AMT, APPF, BRK/B, CRM, CRSP, GOOG, HUBS, KNSL, LITE, LOB, MASI, MSFT, NEE, NOW, PYPL, QTWO, RGEN, SNPS, SPLK, WD, WDAY

1. Underlined = I have previously provided a write up in this thread
2. Bold - New Stock

[BlueWolf]

I opened a 1/2 position in HUBS today. This stock has been in my watchlist for a while and looked very buyable at these levels. There are a number of other stocks on my LT watch list I really like, but I don’t want to chase them for an entry. For the most part, I am happy with most of my positions this round. My biggest disappointments have been ABMD, ANET, APPN, ESTC, and ZM. I’m not ready to give up on these stocks yet as I still think they all have compelling growth stories, but if things don’t start looking up by next earnings, I might have to cut bait. My philosophy has always been to pull cash from losers and put more cash into winners.

Current LT positions:
AAPL, AAXN, ABMD, AMZN, APPN, AYX, BIDU, CGNX, DDOG, DOCU, EDIT, EEFT, EPAM, ESTC, ETSY, FB, FICO, GH, HUBS, INSP, ISRG, LVGO, 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:
ADBE, AMT, APPF, BRK/B, CRM, CRSP, GOOG, KNSL, LITE, LOB, MASI, MSFT, NEE, NOW, PYPL, QTWO, RGEN, SNPS, SPLK, WD, WDAY

1. Underlined = I have previously provided a write up in this thread
2. Bold - New Stock

[Louetta]

Thanks for the update. Good day for your stuff today.

[billyjoe]

BlueWolf, I like your font. Easy for us oldsters to read.

-----------------billy

[BlueWolf]

BlueWolf, I like your font. Easy for us oldsters to read.
-----------------billy

Gotta accommodate our fading vision 🤓