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Grant- What does your Magic 8 Ball / Ouija Board say for the future of LRCX? It's now blown through all my predictions. I sold a little to pay vet bills and do some concrete work.
Certainly has for me. I was just telling somebody that I feel like it took the last three major events to learn what to do.The Covid recession will go down as one of the greatest investment opportunities in US history.
The Covid recession will go down as one of the greatest investment opportunities in US history.
Lol. I’m looking to you for guidance!
For long term holdings, I have a tendency to recover the capital from ones that ‘fold’. First consideration is to sell in the 2x-3x range. Sell at minimum the amount spent on the original purchase(s). Play with the rest like ‘house money’.
It’s not on my radar for sale before the end of the year. I have enough to deal with as is.
For a ‘swing trading’ view, I’d put it on a ‘trailing’ stop loss order and let it ride. Using the low from the past week or two (or more), that would put it at about $400 or $425 for the stop loss order. I’d move that up if it goes higher hence the ‘trailing stop’ strategy. Part, whole, or layered...up to you. But this would automatically catch any significant downturn with this practice.
If your options savvy, covered calls or collar strategies might be in order.
Also depends if you intend to re-buy on the future dips.
Nothing wrong with holding.It was just dumb luck that I was sitting on the sidelines as we entered the debacle. Although I could have pushed even more into the market in March, I'm certainly content with the returns I got with the investments I made.
I'm just going to hold at this point. I sold some shares to pay some hefty vet bills and do some concrete work at the house. We're now well beyond what I would ever have guessed for LRCX in such a short period of time. The bulk of my shares are un-vested since I haven't even been back at Lam for two years, so I couldn't sell them if I wanted to. Luckily, our stock purchase plan has our $199 buy price locked in for our purchase in May 2021. I'm maxing out those contributions.
Lol. I’m looking to you for guidance!
I mean on fundamentals!OK, FWIW a guy in my group at work has been at LRCX for 35 years. Who does that these days? Anyway, he's the recognized stock price guru in our group and my boss actually starts each staff meeting with the latest stock talk. This guy has a model that shows it pulling back from the current $495 to about $410, then climbing back up.
My mom sold hers last week. She bought at $190. She does well in the market.
This guy has a model that shows it pulling back from the current $495 to about $410, then climbing back up.
Well I’m glad your coworker ‘guru’ wasn’t right about the $410 target. Looks like support held above the $450 level, and that a stop-loss there would not have executed. I hope you’re enjoying the new highs.
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Otherwise, enjoying new highs despite the rest of the crap going on in the national news. Long term targets at 33k and about 37k.
It’s still my macro view that remaining on the sidelines will ‘cost’ individuals that don’t participate.
I agree on the inflation. And some of the secondary effects you listed. But I think that’s the wrong conclusion to draw.
The forthcoming inflation cycle will mean current dollars will be worth less, but property and assets will be worth more numerically in those future devalued dollars.
I mentioned a while back in here about (FatBoss) buying a house with market gains. I think that still applies.
Oh, and hedge like your money matters to you.
Im in calls for GE, PLUG,and MARA.... my long term commons are tlry, jpm (inflations coming), pdx and tell
i made a good profit on the dogecoin 24hr psychosis when elon said “Dogecoin” and everyone bought. My long plays
It would have to blow through a few support levels to get there. Not calling it impossible, just don’t see how it gets there without some bad fundamental news.He's usually talking over a year to eighteen month horizon, so it might be too soon to call that wrong. I am enjoying the new highs for sure. I'm almost fully invested now, probably 95%.
Let’s hope. And maybe I need to look at its options again with a more speculative view.I'm still a few years away from buying a new house, but you never know if LRCX keeps charging.
It would have to blow through a few support levels to get there. Not calling it impossible, just don’t see how it gets there without some bad fundamental news.
Let’s hope. And maybe I need to look at its options again with a more speculative view.