Wolf speed stock

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Yea. I worked for 6 months to put trip to Scotland together for 2026 and could not get it done..now aiming for 2027. I do provide for an endowed scholarship in family name at time of my death. Just got to dodge a long slow and expensive death. This does help. Lol
 
heel79 said:
Went in heavy (for me) last week at 40 cents. Gone up 450 percent since and I am tempted to sell. I never do that but this is tempting. Seems like some on here had good knowledge of it. I don't need money and typically I buy and just sit. Any thoughts on its future?
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What made you go in heavy?
 
Disclaimer: No one should take financial advice from Heel79.
Super was right, once again, pure luck. I played golf on Monday a week ago with a buddy who like me lost money on Wolf Speed. He said it was 40 cents. I knew the stock had been I think $113, I bought at about 15 and lost some money on it. I knew a bit about the company, but this was math for me. Not much downside, upside with a stock that moved big in both directions, had a couple stocks doing well, sold them with the idea to buy back soon, bought 10,000 share cheap, it went up quick, and I shared on here. I took other's advice and sold. If I had not posted here, might have missed the window. So I was lucky to follow advice on here.

This, BTW, was a bit out of character for me. I buy stock and keep it.
 
heel79 said:
Disclaimer: No one should take financial advice from Heel79.
Super was right, once again, pure luck. I played golf on Monday a week ago with a buddy who like me lost money on Wolf Speed. He said it was 40 cents. I knew the stock had been I think $113, I bought at about 15 and lost some money on it. I knew a bit about the company, but this was math for me. Not much downside, upside with a stock that moved big in both directions, had a couple stocks doing well, sold them with the idea to buy back soon, bought 10,000 share cheap, it went up quick, and I shared on here. I took other's advice and sold. If I had not posted here, might have missed the window. So I was lucky to follow advice on here.

This, BTW, was a bit out of character for me. I buy stock and keep it.
Click to expand...

Outside of indexes I don't know how people buy and hold individual stocks. As soon as I see a decent percentage (up or down), i'm out.

15 yrs ago I was dabbling in some day-trading, I had a margin account, but markets were kinda stagnant during the day, vix was low and most movement was after hours, so I wasn't buying large amounts. With such small amounts I usually was barely making enough to cover the $7 TDAmeritrade free... esp if I was buying/selling within the day.

Anyway, netflix is showing some daily head & shoulders pattern or some crap, and I think i'm buying 4,000 in the AM, but actually bought 40,000 (margin). That afternoon i check my account and realize i'd fumble-fingered that extra zero. I freaked out til I realized it had jumped 3% and I'd made $1200. Of course i sold it all back down the ideal $4,000 worth in chucks over the next hour. And i think i sold that remaining 4,000 for like seven more dollars a few days later. It was somewhere in the low teens i think... if i'd kept all the shares it would be worth 3 million+. The 4000 shares would be worth about $330000.
 
gregh1 said:
Outside of indexes I don't know how people buy and hold individual stocks. As soon as I see a decent percentage (up or down), i'm out.
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I buy and hold individual stocks as my usual routine. I paid off my mortgage by buying and holding Apple, Packaging Corp of America, Tractor Supply, Ebix, and Sirius XM for about ten years. I made enough to pay off about a half million dollar mortgage plus pay 20% capital gains tax on proceeds. I started with $70K in 2008 and sold in 2018 because I told my wife when the account reached enough to pay off the mortgage I would sell. I bought and sold other stocks during that period but those listed above did the heavy lifting. I bought Sirius XM in a few batches and had an average acquisition cost of .285. It went down to .05 at one point and I almost bought another 100,000 shares for $5000 but I didn't pull the trigger. I think when I sold the stock was ~$7. So I missed out on a big payday by not spending $5000.

BTW: I pay someone to manage my retirement funds and I would fire him if he were as reckless as I am with the stocks I manage myself.
 
gregh1 said:
Outside of indexes I don't know how people buy and hold individual stocks. As soon as I see a decent percentage (up or down), i'm out.

15 yrs ago I was dabbling in some day-trading, I had a margin account, but markets were kinda stagnant during the day, vix was low and most movement was after hours, so I wasn't buying large amounts. With such small amounts I usually was barely making enough to cover the $7 TDAmeritrade free... esp if I was buying/selling within the day.

Anyway, netflix is showing some daily head & shoulders pattern or some crap, and I think i'm buying 4,000 in the AM, but actually bought 40,000 (margin). That afternoon i check my account and realize i'd fumble-fingered that extra zero. I freaked out til I realized it had jumped 3% and I'd made $1200. Of course i sold it all back down the ideal $4,000 worth in chucks over the next hour. And i think i sold that remaining 4,000 for like seven more dollars a few days later. It was somewhere in the low teens i think... if i'd kept all the shares it would be worth 3 million+. The 4000 shares would be worth about $330000.
Click to expand...
You were trying to get rich. I am trying to build my portfolio so when I m gone it can do good. I have lunch with a crowd of successful rich people every friday. I am the answer to the question which one is unlike the other. Stocks are often the topic. One guy bought Nvidia at like 3. We were meeting at that time and I said recently thanks for the tip. I got in a few months before 10-1 split . Another guy said hell Donnie you would have sold at $4. I think this guy has about $2.3 million in Nvidia.
 
farce© said:
I buy and hold individual stocks as my usual routine. I paid off my mortgage by buying and holding Apple, Packaging Corp of America, Tractor Supply, Ebix, and Sirius XM for about ten years. I made enough to pay off about a half million dollar mortgage plus pay 20% capital gains tax on proceeds. I started with $70K in 2008 and sold in 2018 because I told my wife when the account reached enough to pay off the mortgage I would sell. I bought and sold other stocks during that period but those listed above did the heavy lifting. I bought Sirius XM in a few batches and had an average acquisition cost of .285. It went down to .05 at one point and I almost bought another 100,000 shares for $5000 but I didn't pull the trigger. I think when I sold the stock was ~$7. So I missed out on a big payday by not spending $5000.

BTW: I pay someone to manage my retirement funds and I would fire him if he were as reckless as I am with the stocks I manage myself.
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I kinda view individual stocks as speculative. For every nflx and appl there's a bunch of duds that seemed promising at some point.
heel79 said:
You were trying to get rich. I am trying to build my portfolio so when I m gone it can do good. I have lunch with a crowd of successful rich people every friday. I am the answer to the question which one is unlike the other. Stocks are often the topic. One guy bought Nvidia at like 3. We were meeting at that time and I said recently thanks for the tip. I got in a few months before 10-1 split . Another guy said hell Donnie you would have sold at $4. I think this guy has about $2.3 million in Nvidia.
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"You were trying to get rich. I am trying to build my portfolio so when I m gone it can do good."

I have so many questions now...
 
gregh1 said:
I kinda view individual stocks as speculative. For every nflx and appl there's a bunch of duds that seemed promising at some point.

"You were trying to get rich. I am trying to build my portfolio so when I m gone it can do good."

I have so many questions now...
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Ask.
 
I kinda think ‘79 was playing darts with money that didn’t matter…..his retirement is well-funded…..he has the money to get together with friends……to take golf trips……and to fund a biggie for Donnie - a UNC scholarship…..probably for a poor-ass Lumberton or Robeson County resident.

I doubt anyone has cared for or worked harder for Lumberton/Robeson County than ‘79.

Certainly no one one this board or IC/ZZL.
 
Zoo_View said:
I kinda think ‘79 was playing darts with money that didn’t matter…..his retirement is well-funded…..he has the money to get together with friends……to take golf trips……and to fund a biggie for Donnie - a UNC scholarship…..probably for a poor-ass Lumberton or Robeson County resident.

I doubt anyone has cared for or worked harder for Lumberton/Robeson County than ‘79.

Certainly no one one this board or IC/ZZL.
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That is awful generous. Thank you.
 
Are you getting out or holding? I hope you made enough for a trip to Tara Iti.
 
Bubble burst. It's a reverse split. So not even sure if I am selling. Broker calling me back. Right now I dint even know if stock is even up. Jokes on me.
 
So a buddy of mine called his son, a broker with Morgan Stanley. They did not know what was going on and mentioned halt in trading sometimes suggests some inside trading . But news now coming out if reverses split. Big gains were reflected in my portfolio, which was based on elevated stock price but did not show corresponding drop in number of shares. Bottom line is I don't know how many shares I have and the sale was aborted. Easy come, easy go. Apparently others were snookered as well.
 
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