There was a Zacks article (by human cfa not one of their machine generated ones), giving a $12 target. First "professional" analyst take since the results came out. Basically upgraded chance of approval with the data out, but reduced TAM. This contradicts the shorts' narrative that data means it is unapprovable and going to $0.
I am 95% stock index funds and only 5% individual stock, I have done decent over the years, but as I get closer to retirement, I am wondering should i move some asset to holding pattern instead of the more risky funds and other. I am just not sure if it is worth it to get the adviser vs doing reading on the subjects myself on questions like these. Are you serious on penny stock and options? I don't have that kind of risk tolerance, thus the index mutual funds.
Not sure what you mean by holding pattern. I think your thinking about getting more defensive as you get closer to retirement makes sense, "locking in" a comfortable retirement. Since you are considering getting adviser, no harm talking to an adviser without buying first to see what they offer (just don't rush into subscribing to any long term plans they try to sell). The advisers i've talked to weren't great, tried selling me ILPs with high fees, but the underlying of those products in the end are just mutual funds/ETFs so the risks are the same as buying the mutual funds/ETFs individually (and term insurance separately), just with higher fees, the adviser needs to make a living too. Yes, a lot of ppl in this thread play options/pennies/warrants and this is not a good place to get financial/retirement planning advice haha. lots of good gambling ideas tho. John Oliver had an interesting segment on this awhile back and the issue with fees/retirement plans, worth a watch.
I think the most important thing is limiting/lowering risk if your portfolio is decent and then locking in consistent returns (as you get closer to retiring) - It sounds like you're already trending that way - so that's really good. I had some friends/coworkers in somewhat risky plays that were fairly close to retirement and didn't ride it out last year, it messed up their plans to say the least. Depending where your account(s) are they might have free programs/advisors to see what they can offer - possibly leading up to a paid program etc.. Anyway if you're pretty close and not looking to make some big returns but more looking to maintain steady returns they should be able to help a lot with that. Definitely not financial advice - but I think you have a good plan going so far.
my uncle worked as one of those financial advisors for Schwab, he has said Oliver's criticism on the industry is spot on, in particular advisors encouraging young clients (eg school teachers) to go for that annuity spin. my uncle is retired from schwab, collecting a Schwab pension and Social Security, and has a sizeable Roth IRA. for the most part, he adheres that 95/5 asset allocation plan w a slight modification. he also sells cover call on the many shares of Schwab stocks he already owns (both in his regular / Roth IRA accounts); net/net, his Schwab stock holdings have been generating ~>7% income (dividend + premiums from selling cover calls) annually. that's pretty good, w no fee. i'll match that against any ever-eroding annuities out there buys/sells CALL / PUT option spreads on Schwab, playing the quarterly earnings runs
a sound fundamental play---beneficiary of re-opening----w a great technical set up. TA depicts a emphatic bounce off the low trading channel, a doji confirmed by 3 white soldiers; in the process, has just reversed the recent down trend sold a bullish PUT spread, Aug 185/175 strike, for a net credit of $5.55, which is my max profit, defining my max risk to be $4.45
TSM chart looks ripe for a pop, playing the 7-17 ERS run the 3 white soldiers convincingly depict a pop off a 4 mo base sold Aug 125/115 Bullish PUT spread, collecting a premium of $4.5, defining my max risk of $5.5
@saitou and SPAC enthusiasts SUNL, an already profitable co, that provides a solar energy financing platform, currently trading ~ 10, agrees to be acquired by hedge fund / PE (Apollo Group) via a spac
IVAN looks interesting but already ran up. Rumored to be acquiring SES, Singapore based solid state battery maker that GM invested in April. https://www.bloombergquint.com/busi...s-said-to-agree-to-go-public-via-ivanhoe-spac https://techcrunch.com/2021/04/19/g...ent-into-lithium-metal-battery-developer-ses/ Not buying here, but price may die down if no news comes out for a week +, presenting a buy opportunity. added to watchlist. GM, hyundai, kia, geely, all huge OEMs. edit: ugh warrrants jumped another 30% today. hmm. stay disciplined.
I only get financial advice from three sources. 1) Stocktwits 2) Reddit 3) Webull comment section I’ve made a killing!
Microsoft, Teladoc partner on virtual care integration for hospitals not coincidentally, msft closed at another all-time higher, heading to the 7-27 ERS
T I M B E R ! had 3 large bullish CALL spreads, took profit on them. also had sold bullish PUT spreads that are way in-the-money; most probably will expire worthless tomorrow new play is on NFLX; opened large bearish PUT spread, partially financed by a bearish CALL spread
Netflix Plans To Add Video Games To Keep Subscribers Engaged From my perspective, in a roundabout way, this amounts to an admission that its core streaming business is hurting This is an analyst's take on this move into gaming https://finance.yahoo.com/news/netf...pcM4HnGz186rt3MNXsBC4R6vfvu2Z0ahoFogw90mHGAP5 the move into the cutthroat gaming industry won't pan out for the content platform a lot more CapEx and cash burn “This thing is dead on arrival. It will not work,”
there are only so many eyeballs for all these streaming services. netflix was enjoying most of them when it was the only player in town. now with every major network streaming stuff, it's inevitable they are going to be hurting. i cancelled my netflix a few months ago once I got free hbo (via ATT) and free disney (via verizon mobile).
@saitou - started back up a position in CTXR at 1.9 - started a position in SOFI commons at 15.7 - might start a position on monday in ATNF.
