by Travis Johnson, Stock Gumshoe | August 30, 2019 12:29 pm
This is premium content. To view this article (and to have full access to the rest of our articles), sign up. Already a member? Log in.
Source URL: https://www.stockgumshoe.com/2019/08/friday-file-sin-status/
Copyright ©2024 Stock Gumshoe unless otherwise noted.
I searched everywhere for some reason that IIPR would drop 10% today. Nothing!
In one TV interview , it was called overpriced despite being in a class of its own. Caveat was it might not sustain this higher level, so realize that one must keep an eye on it.
Glad you shared your thoughts early today. I put my stop in at 88, but as a true follower of your brilliance, I will change to .85
Ha! That’s no brilliance, just the volatility quotient stop loss (VQ%) from TradeStops (a trailing 38% stop loss from the highs, in this case).
Hi Travis, what gives you confidence on Nokia that the current operating levels are a sustainable base, as opposed to already reflecting high telecom spend which will later decline? Cable capital intensity for example is steadily falling, and why wouldn’t telecom follow after the 5G buildout? In that scenario, wouldn’t this just be a temporary spike in Nokia earnings, followed by declines below the current level? That was the pattern for Lucent (now part of Nokia).
Could be, but I think we’re still very early… 5G capacity has literally just begun to be installed in test cities. Most US cities won’t even have decent coverage by the end of
next year, and everywhere outside South Korea is well behind the US. Most Americans won’t feel compelled to
Upgrade to a 5G phone, I expect, until 2022 or so… the hype is probably overdone, but because it will be slow — not because it will be small.
You mentioned KEYS but no comment. I noted a week or so ago you commented on them and indicated you didn’t expect a correction at this time….I did and I think we are still in the middle of it. It’s an ABC wave and we are in my estimation at the B point and should turn down in third wave of about same size as the A wave which was 7 points down. That would look for a bottom in the area of 90 before a turn for new highs. Just my old mans Elliott Wave analysis. I’m closed a long position in calls when it crossed above 100 + area when I had a ~3.5 timer or 250% profit from 6/21 entry. I had thought at time to not get greedy and got lucky that I did. I am currently tracking for a new entry point to see if we can get a repeat performance as we get closer to 5G action. We shall see if it’s going to happen. I have similar position in NOK and have been averaging down and hoping we get a good/encouraging quarterly report. That is a Dec position so the 3q report is decision time on whether to roll it forward into next year yet. I thought I nailed it on initial entry in December but the breakout flipped over and this looks like a megaphone/triangle of some sort that just never gathers enough believers…… Sorry got to rambling while waiting to see if they took market back to positive for the week.
What are your thoughts on MGM? With China economy slowing down, I am thinking it will at least affect gambling in Macau.
Probably so, though MGM is the least China-dependent of the major gaming companies. The outlier big deal for
MGM is if they can get a license in Japan… I’m still holding, but my expectations are low for now and I’ve been mildly disappointed with their performance thus far.
I did buy a fair position on Charlotte’s Web. But I too have a conservative bent to my trading. This last drop we just experienced with Charlotte’s Web I sold above my buy price. So that’s fair. But I have gone to buying only stocks that pay dividends. I bought some of the larger Oil and Gas co’s. They pay a fair dividend and with he coming 2020 scenario with the political turmoil present I choose hopefully a safer route for now.
Had a small bite took 25 percent gain and did not look back added to some existing holdings
A guy by the name of Teeka Tiwari told his followers to sell all their pot stocks now! this was the day that a lot of the stocks that had been purchased by US buyers sold off. These are listed on the CSE. The reason given was that on Sept 1 the fed was going to do a trial legalisation in 10 States. He had discovered 3 US POT stocks that were listed on the CSE that were going to make investors millionaires and these other POT stocks would probably only go up another 20%. It would cost you 19995 to get these 3 new Pot stocks
Thanks Travis! Neet work!
I am surprised none of the newsletters are teasing $DELL. With their VMware spinoff possibility there might be lots of value locked in. Any thoughts on thus?
Travis, I just saw the first of Verizon’s 5G “smart poles” in Houston. This link from fiercewireless.com shows the same poles in Denver.
https://www.fiercewireless.com/5g/verizon-installs-5g-denver-special-smart-poles
Knowing some of the technical aspects of the 5G system makes me curious about how many sites the 5G providers will need to lease from the tower companies (like AMT & CCI). In more urban areas tower and, especially, rooftop space will need to be leased but in suburban areas these poles will be deployed as the solve one of the biggest hurdles for towers in that environment, NIMBY – Not In My Back Yard.
Urban areas will have hundreds of “small cell” locations on buildings, utility towers, etc., and all the tower companies are trying to build good portfolios of those locations with fiber connections and power. We can’t really know whether Verizon and AT&T will focus more on their own towers and locations or will instead lease space from shared small cells, but I assume that logic will push for a lot of shared use. I would imagine NIMBY stuff would be relatively minor, since most urban landscapes have plenty of utility poles and similar structures already, but clearly there’s at least a niche for “prettier” small cells like these “smart poles.”
IIPR – you noted adding to your position…but the stock took another hit and is at your stop/loss…. I assume do to the rumor mill around the government reviewing the funding regulations/banking etc…. Any additional thoughts or changes on the entire subject? thanks