Discussion in 'Finance, Investments, and Careers' started by Folster, Jan 7, 2021.
I LOVE that movie. Should probably watch it again.
Did I bring up Twitter and how gleeful I am that I sold it?
I'm happy I sold a stock before bad financial news was released. It doesn't take a genius to see how the Trump banning, subsequent backlash and loss of engagement would hurt them in the short term and cause their stock price to fall. I'd be open to buying them again after they likely report another drop in daily active users like they did in October and saw their shares fall 18%.
As an investor, I saw Twitter as a growth opportunity. A significant drop in daily active users is not good for shareholders. You can argue, that it's good for the country, but that would be a conversation for P&R.
I'm not sure why you are equating that to politics. We're discussing buying and trading stocks.
Right... you sold it based upon an event related to a political figure (I can use other terms for Trump, but technically he is still POTUS).
You can make it political but leaving emotion aside, I imagine this was a great time to sell twitter and if you felt twitter was important to your long term investing, buying back in after it dips makes sense.
If TSLA comes out and says 20% of its users are returning its cars and going back to gas, you should probably sell your TSLA stock. This is a game, not an emotional connection. Emotionally connecting to stocks and money is a bad idea. IT's like betting on the cardinals to win the super bowl every year.
In all, this thread is not about politics and I'm more active in checking on this thread because it matters more to me than everyone venting every frustration they have about something political. Seems totally out of place to bring that here.
His post never mentioned that he would consider buying it again... in light of the crystal clear connection/timing to politics, his above quote couldn't be interpreted any other way than a political context.
Of course... but, didn't the markets hit record highs because of Trump?
So your point is that it should be welcome to make it an argument about politics in the finance forum. Well, have at it.
I don't follow overall markets outside of an S&P stock, I follow much more individual investing. My long term, retirement stocks aren't interesting enough to follow. They will do what they do. I'm nowhere near retirement so what they are doing today and last year really have no bearing on what my target fund will be when I retire.
also, for what it is worth, the sticky thread atop this forum asks that you keep political argument out of the finance forum.
I know you're intentionally being obtuse... cuz I know you would have to see that he sold twitter only because of a political matter...
I try to keep politics out of investing. I still have holdings in heavy hitters AMZN, AAPL, and GOOG. I think their recent decisions will have no significant affect on their stock price and am still confident in their long term growth.
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