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ARM
Feb 15, 2024 22:28:00 GMT
Post by steelpony10 on Feb 15, 2024 22:28:00 GMT
We only hold a few old world stocks now and I’m way out of the loop.
I ran across the latest rocket launch, ARM, and it seems it’s up to 138 today. I made a lot in the 90’s on these types and still hold the remains of 2 sputniks, MSFT and AAPL, by far the basis of our whole portfolio value.
It was all due to one investing mentor not me. My opinion is eventually all rockets run out of fuel and fall back to earth. At the time I was advised to take profits at a set percentage which for me was 20% to avoid losing much more. I ended up modifying that for something I found better for me. After the inevitable? flame out one can reinvest then. Morningstar has raised their fair market value from 34 to 45 I think.
Any discussion that may be of value to others?
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ARM
Feb 15, 2024 23:37:11 GMT
Post by yogibearbull on Feb 15, 2024 23:37:11 GMT
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ARM
Feb 16, 2024 0:43:32 GMT
Post by steelpony10 on Feb 16, 2024 0:43:32 GMT
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ARM
Feb 16, 2024 2:01:12 GMT
Post by kathiel on Feb 16, 2024 2:01:12 GMT
I bought ARM as it looked to me like the next Nivida. My plan was to hold it for a while, at least a year, but maybe much longer. In the other thread someone ( yogibearbull) pointed out that SoftBank still owns 90% of it and it's locked up until mid-March. On Monday, ARM had gained $100 a share over my buy price. I am now reconsidering whether I should sell at least some of it soon. I bought 200 shares, and am now thinking about selling 100 shares if/when it gets back to $150.
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ARM
Feb 16, 2024 8:48:37 GMT
graust likes this
Post by anitya on Feb 16, 2024 8:48:37 GMT
SMCI stock has had steady stream of insider sales but the retail crowd do not care and can not get enough of it. The CEO and family sold $24M worth of stock in December at $252 / shares. on 2/15/2024 it closed above $1,000 - four times more than at what the CEO sold.
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ARM
Feb 16, 2024 11:16:42 GMT
Post by steelpony10 on Feb 16, 2024 11:16:42 GMT
kathiel , I’m just trying to point something out I learned in the past and am not being critical. I have no idea what will happen here in the near term this is just an opinion based on experiences and observations. So past facts I dealt with. Prices skyrocketing ahead of earnings (like the current market as a whole) until management stubs it’s toe or some other unknown can lead to quick reversals in values. Anyway I learned to take money off the table on the way up when faced with this situation and reinvest it on the way down if something is a long term hold. That helped me preserve 80% of my gains in the 90’s before the tech bust.* I got my initial investment back first as insurance against disaster then played with the fantasy gains. Taxes played a small part of that (and neither did thoughts the share price could go to $500). A long term holding of a well managed company will cover all that up. *Going up against professional investors, algorithms and AI soon is a real disadvantage for amateur investors. This is one reason why I abandoned individual stock investing 15 years ago and shifted to income investing.
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ARM
Feb 16, 2024 18:30:08 GMT
Post by kathiel on Feb 16, 2024 18:30:08 GMT
I think your point is well-taken, steelpony10. I also agree that one should. not make buy/sell decisions based on tax considerations. I am now going to watch ARM with the plan to sell half of it. I was not watching on Monday when it went over $150.
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ARM
Feb 16, 2024 23:53:18 GMT
Post by steelpony10 on Feb 16, 2024 23:53:18 GMT
kathiel , Well you will get all your initial investment back plus some cap gains. The pressure is off and you made money. We’ll see what happens to the remainder.
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ARM
Feb 17, 2024 0:16:26 GMT
Post by yogibearbull on Feb 17, 2024 0:16:26 GMT
Another date to watch for ARM & other techs.
NVDA earnings report is on Wednesday, Feb 21, after the market close. And expectations are for a better than blowout report. Isn't that expected from #3 now in SP500?
If I owned ARM, I would take some off the table before Wednesday, and more before Masa/SFTBY hits the sell button in mid-March on lockup expiry.
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ARM
Feb 17, 2024 2:46:19 GMT
Post by kathiel on Feb 17, 2024 2:46:19 GMT
Thanks, yogibearbull, I didn't have the earnings report on my calendar.
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ARM
Feb 17, 2024 3:01:10 GMT
Post by yogibearbull on Feb 17, 2024 3:01:10 GMT
kathiel, I am correcting my previous post as info got crossed for ARM & NVDA. NVDA reports on Wed, Feb 21, not ARM.
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ARM
Feb 17, 2024 17:39:17 GMT
Post by kathiel on Feb 17, 2024 17:39:17 GMT
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ARM
Feb 23, 2024 19:09:28 GMT
graust likes this
Post by kathiel on Feb 23, 2024 19:09:28 GMT
I just held and watched through the NVDA earning report and aftermath. ARM is headed back up after that earning beat. ARM is trading $134 this afternoon. So for now I'm just going to watch. If/When it gets back up ti $150, I'll sell some.
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