Talking Stocks 2.0

[-dustin]

So much red.

[JParm]

Added a very tiny amount to TSLA, SE and PINS a bit earlier.

Hoping today follows yesterday - very aggressive selling early, followed by a recovery and stabilization.

Adding TSLA at 414 when I sold a few shares yesterday at 508 isn't a bad move to me.

[JayHantz]

Originally Posted by jpeezy14@hotmail.com

Added a very tiny amount to TSLA, SE and PINS a bit earlier.

Hoping today follows yesterday - very aggressive selling early, followed by a stabilization.

Agreed!

(also, how have I never seen this thread!? Subscribed)

[JParm]

Originally Posted by JayHantz

Agreed!

(also, how have I never seen this thread!? Subscribed)

Jay! This is my favorite thread out here!!

[beshannon]

Tech and the NASDAQ with profit taking this morning, not a surprise after yesterdays run.

Nothing as yet causing me to take profits or add, my cost basis has me in the middle.

[Magnum75]

Originally Posted by -dustin

So much red.

It was overdue.

I took profits and moved out of quite a few positions during the last couple weeks of August. I know it was mentioned in here the other day that COVID might throw off the typical September downturn, but I wasn't willing to risk it.

Edit: I held onto AAPL.

[avidflyer]

eyeing fsly think anything with a seven handle

[JParm]

Bought the dip heavily today. I might be a tad early and we could be in for more pain, but I'm comfortable adding at these levels.

Haven't seen the NASDAQ down this much in a little while, and it was overdue.

Worst day for AAPL since late March, as reported by CNBC.

[avidflyer]

down 750 anybody know anything about PD?

[RyanO]

Pretty ugly day for my portfolio... Looks like the Red Sea.

I initiated a position in Apple, BigC and added a bit to Fastly, FB, MSFT and TDOC on the weakness. Worried we may be in for more pain, though admittedly.


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[JParm]

Originally Posted by RyanO

Pretty ugly day for my portfolio... Looks like the Red Sea.

I initiated a position in Apple, BigC and added a bit to Fastly, FB, MSFT and TDOC on the weakness. Worried we may be in for more pain, though admittedly.


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Viewing this as a healthy pullback and nothing more at this point.

Things could change, but there's no indication (in my opinion!) that we're leading to a darker path.

We have to remember that tech has run up at an incredible pace; if we don't have days like today, then we're truly in an unhealthy situation.

[RyanO]

Originally Posted by jpeezy14@hotmail.com

Viewing this as a healthy pullback and nothing more at this point.

Things could change, but there's no indication (in my opinion!) that we're leading to a darker path.

We have to remember that tech has run up at an incredible pace; if we don't have days like today, then we're truly in an unhealthy situation.

Agreed, a pullback is definitely healthy. This looked like panic selling rather than profit taking to me however.


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[trippinjimmy]

Not buying quite yet but may start adding late in the day or tomorrow. Glad to see this pullback, makes me think there’s more room to run.


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[JayHantz]

Originally Posted by jpeezy14@hotmail.com

Viewing this as a healthy pullback and nothing more at this point.

Things could change, but there's no indication (in my opinion!) that we're leading to a darker path.

We have to remember that tech has run up at an incredible pace; if we don't have days like today, then we're truly in an unhealthy situation.

Originally Posted by trippinjimmy

Not buying quite yet but may start adding late in the day or tomorrow. Glad to see this pullback, makes me think there’s more room to run.

Agree on all fronts. Although seeing the red pouring out of all my positions makes me cringe, I know that this is normal following yesterday. Still in it and not adding or taking away today. Just riding this wave.

[gabrielnovar]

as someone who told everyone buy high growth in march. Be careful when all these analysts getting bullish. Thats bearish capitulation which isn;t good. We need more tesla 10 dollar stonk targets. Everyone bullish= we screwed.

Pray its just a simple shakeout.

[scarlet knight]

Looks like a normal correction. Just good to have a diversified portfolio, not all tech.
I am a fan of pharma, some growth, some dividend. MRK, LLY, etc.

[trippinjimmy]

Just added to TTD and SE, considering GM.

[beshannon]

Originally Posted by scarlet knight

Looks like a normal correction. Just good to have a diversified portfolio, not all tech.
I am a fan of pharma, some growth, some dividend. MRK, LLY, etc.

Agreed, not worried here, we could go down 10% more and still be good for the market overall

[AshCashEmAll]

I’ve seen how days like this play out in 2 weeks . Buying opportunity just like every time there has been a pullback in tech the last 2 months


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[kearez]

Added more AAPL and MSFT. Looking at AMZN as well for more weakness.

[gnuyork]

Originally Posted by RyanO

Pretty ugly day for my portfolio... Looks like the Red Sea.

I initiated a position in Apple, BigC and added a bit to Fastly, FB, MSFT and TDOC on the weakness. Worried we may be in for more pain, though admittedly.


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Same thing here. I'm holding though. And wincing.

[77T]

What we may be seeing are very large bets against the huge amounts of support from the Fed. The Financial segment hasn’t recovered as Tech seems to have. Certain large indebted companies like T have also restructured with virtual free credit facilities.

US Political willpower in Congress (that helped bolster the US economy earlier) appears to be failing. The expiration of CARES Act regulations coupled with WARN Act obligations in the event a COVID-19 RIFs (reductions in force) have a large overhang.

This is what I see in the logical “mini-panic” setting in.

But don’t discount that a systematic manipulation/machination may be unfolding to unsettle the market. Market makers choosing to let the trading float fail is not to be ignored.

JMO


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[JParm]

https://www.barrons.com/articles/the...?mod=hp_LEAD_1

That first paragraph is key.

Whether the tech selloff deepens and continues in the coming days is a tough call. The factors that have boosted the group since March remain firmly in place: ultralow interest rates that make future cash flows worth more today, a pandemic that gives an advantage to firms that don’t rely on in-person interactions for their sales, and a hunger for growth among investors during a recession.

But given tech’s prolonged outperformance, all of those benefits come at a much higher price tag than they did just months ago. Two rational investors judging the tech-stock opportunity today can walk away with opposite and equally valid conclusions.


Time will tell.

[-dustin]

Good game.

Apparently I had a stop loss setup for part of one of my early buy-ins (RKT). Don't remember setting that up, but I guess I did...buy low, sell just barely above low. Makes sense. Might take that and put it into PPG.

[JParm]

https://www.cnbc.com/2020/09/03/tech...eculation.html

Another article calling today a healthy selloff.

Not a time to panic - but do keep watch!

[beshannon]

Originally Posted by jpeezy14@hotmail.com

https://www.cnbc.com/2020/09/03/tech...eculation.html

Another article calling today a healthy selloff.

Not a time to panic - but do keep watch!

Agreed, not worried, the markets were up nearly 500 yesterday.

Long term trend is still intact, I am off tomorrow and Monday is a holiday. I will take a look again on Tuesday.

[HippoPAPAmus]

More carnage after hours.


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[JWD531]

Originally Posted by beshannon

Agreed, not worried, the markets were up nearly 500 yesterday.

Long term trend is still intact, I am off tomorrow and Monday is a holiday. I will take a look again on Tuesday.

Ya, we are in a nice channel trending upwards that just happened to hit its head on the ceiling. We could go another 5-10% lower and still be in good shape. I hit some stops today on a few, but I may wait another day or two before jumping back in.


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[supernova]

Re-entering AAPL, FSLY, NET today at 115, 76 and 34, good re-entry points imo.

[gabrielnovar]

while we have a correction be careful. Those who weren't buying in march are buying tech now to make up for lost gains. They could get double hit on a 20-30% tech sell off