For those using L2 charts, what indicators are you using?

Anyone using "Studies" on Think or Swim?

Prognightmare and others,

How are you buying stocks into your kiddo's 529? I'm moving everything out of USAA and into Fidelity. I remember you mentioning you bought Roku cheap in your kids 529, but it seems all 529's are fund based and directed by the brokerage firm you choose (nothing hands on that I can find at least). Our son's has made a paltry $90 in 18 months , awful!

have a great weekend all!

Brew

BREwmaster said:

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Prognightmare and others,

How are you buying stocks into your kiddo's 529? I'm moving everything out of USAA and into Fidelity. I remember you mentioning you bought Roku cheap in your kids 529, but it seems all 529's are fund based and directed by the brokerage firm you choose (nothing hands on that I can find at least). Our son's has made a paltry $90 in 18 months , awful!

have a great weekend all!

Brew

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I have just a basic custodial account for my son. I don't actively trade in it. I put $3,500 in 12/26 and bought ROKU at $31. I'm just letting it ride. When I save up a little more then I will add 100 shares of MU or something similar when it goes on sale and let that ride. I figure he'll have a nice portfolio before he turns 21 and that's 17 years away. Just imagine that gift for my little Champ (his nickname).

Prog, I initially did custodian accounts for my daughters but then , as I got older, I started trusts for them. One of the main problems with custodian accounts is they get that money very early in life when they might be still making bad decisions.

And, right now, you might be thinking this won't be big money. At least that's what I thought. Well, I ended up picking some huge winners and it turned out to be really big money. Anyway, just food for thought.

Great info, both of you, thanks guys!

Hmmmm.... Wonder what this will do to banks tomorrow. I've got some BAC weeklys

Deutsche Bank has posted the worst numbers of any of the big banks. My opinion is their problems are unique to them.

Prognightmare said:

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I feel like this should have happened 2 years ago

Agreed BAC, JPM and GS increased their dividends and buy backs no more than a week ago. Those are the easiest earnings plays this month. They wouldn't have done that unless they are going to crush earnings, IMO.

About 6 months ago, Guy Adomi on Fast Money said Deutsche Bank was highley leveraged to oil prices (I believe he said oil). That would explain it and also make it unique to Deutsche.

What is it that you like about ROKU? I don't have any positive or negative views on it - just curious to hear your thoughts.

Seven Costanza said:

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What is it that you like about ROKU? I don't have any positive or negative views on it - just curious to hear your thoughts.

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They don't produce original content and have agreements with DIS and others that will allow their streaming service to be viewed through ROKU. They've also added a paid subscription service that has been well received. They also have agreements with TV manufacturers and their channel/device comes standard on new sets. Ragoo and I disagree on this, but I suspect that they will be acquired by one of bigs within 2 years. Cord cutters are growing everyday and ROKU offers entertainment for practically nothing.

All that and it was started by an Aggie Alum. I hope that helps in some way.

ETA: The ROKU CEO was also on the stage when AAPL introduced their streaming products coming out. That's also a positive in my book.

Prognightmare said:

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Seven Costanza said:

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What is it that you like about ROKU? I don't have any positive or negative views on it - just curious to hear your thoughts.

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They don't produce original content and have agreements with DIS and others that will allow their streaming service to be viewed through ROKU. They've also added a paid subscription service that has been well received. They also have agreements with TV manufacturers and their channel/device comes standard on new sets. Ragoo and I disagree on this, but I suspect that they will be acquired by one of bigs within 2 years. Cord cutters are growing everyday and ROKU offers entertainment for practically nothing.

All that and it was started by an Aggie Alum. I hope that helps in some way.

ETA: The ROKU CEO was also on the stage when AAPL introduced their streaming products coming out. That's also a positive in my book.

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my belief that they will not be bought out only increases when insiders liquidate. I think if they had buyout in mind they would hold their shares to maximize their value.

pfo said:

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About 6 months ago, Guy Adomi on Fast Money said Deutsche Bank was highley leveraged to oil prices (I believe he said oil). That would explain it and also make it unique to Deutsche.

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I like Adami he's been really good on Fast Money for awhile.

Cool story bro time. A few years back he changed his pic on twitter of him giving a speech at some event and he had a small glass on the podium with brown color. I asked if it was an adult beverage. He tweeted back, " good eye, Johnnie Walker blue label." I thought that was cool

I'm not saying you're wrong brother. I just think if a high enough offer is made then it will happen. Their platform is by far the best in the industry. In the meantime, we're all making money on it.

ROKU CEO is an Aggie too

all of AMD's new Ryzen 3 CPUs were released today except for the 16 core R3950X. They handily beat intel in every aspect of computing except for gaming sometimes, where they are either slightly worse, better or equal depending on the game and how it is being run. AMD seems to have the advantage over Intel in the near future, especially since Intel has nothing to fight back with on their roadmap.

should be an interesting Monday open and rest of year for AMD.

also EPYC Rome is going to be released later this year

AAPL downgraded to sell from neutral

Please let it come down to $175 again!!

It looks like it doesn't completely kill Intel, but when you consider a 25% lower price point, it's going to force Intel's hand in pricing.

RTN from +50% to almost hitting my stop

It'll come back.

The only thing that will stop Roku from hitting $100 today would be Iran dropping an atomic bomb. It'll probably be over $100 before lunch.

Coop with a dip down to $7.85 and back to $7.99

foleyt said:

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CMG trying to break out of flag on daily. Measured move up would be big. Need a solid close

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CMG closed over the flag and is running today if anyone else took it

I bought more at .45

Aggie_2463 said:

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Coop with a dip down to $7.85 and back to $7.99

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I was sitting at $7.75 and am ticked off.

Just want to share that I have some intel that confirms CX has significantly increased shipments of cement and material over the last ~month. Just fyi.

boyz05 said:

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Just want to share that I have some intel that confirms CX has significantly increased shipments of cement and material over the last ~month. Just fyi.

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Thanks! Adding to it with the rising wedge pattern

OSTK

Bought CRUS shares straight up on the share balance inequity break down

oldarmy1 said:

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OSTK

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Squeeeeze

Sold my OSTK too soon

I've been negative on a lot lately so when I saw a profit this morning I took it and ran! Can't be upset with a profit!