Talking Stocks 2.0

[scarlet knight]

NEM up alot today. Anyone a believer in gold stocks or ETFs?

[beshannon]

Not surprised with the selloff, too much uncertainty after a stellar quarter. Can understand people taking profits here.

If this drags into Wednesday I will look to put some cash to work

[904VT]

Originally Posted by scarlet knight

NEM up alot today. Anyone a believer in gold stocks or ETFs?

No, look for physical. Gold stocks are not highly correlated to bullion, especially miners, and jr miner particularly. ETFs are paper gold, and if a reason to see gold become primary comes to fruition, those spreads will be crushed. 2nd layer of liquidity, forget it. If looking for gold like protection, hard assets (including gold collectibles) are an option imo.

[904VT]

Seems like it's about time for the market to factor in the unexpected. Perhaps some market shocks in the coming weeks. What was deemed structural this year is cyclical and market is pricing in the vol that is coming. A good chance it gets ugly imo, but the correction is needed. The future corp tax rate in the US is a massive unknown as well. If it's increased, say goodbye to the rest of the economy. It would result in downward wage pressure and/or price-driven inflation. Guess it depends on the person making the decision.

[jumpmaster 175]

Contributed the max to my IRA today...hopefully the saying "you can’t time the market, it’s the time in the market that matters the most" holds true.

Put it all in PRHSX...

[JWD531]

Originally Posted by jumpmaster 175

Contributed the max to my IRA today...hopefully the saying "you can’t time the market, it’s the time in the market that matters the most" holds true.

Put it all in PRHSX...

Just curious, what made you choose to focus it all on the health sector?


Sent from my iPhone using Tapatalk

[jumpmaster 175]

Originally Posted by JWD531

Just curious, what made you choose to focus it all on the health sector?


Sent from my iPhone using Tapatalk

I like big sector funds. Tech, health care, Index 500 etc. We have had this fund for over 10 years and it has been crushing it (yeah, I know, the market has been pretty darn good over the same period). I went with VITAX for the wife and I have her 403/457 and my 401K in other sectors.

Also, I just don't have the time to really do the research it takes to make a wise decision about individual stocks. I'm impressed with some of the members here with their knowledge, but I try to stick with the Buffett advice, "invest in what you know" and "invest in low cost mutual funds"

[huncho]

Originally Posted by JWD531

Just curious, what made you choose to focus it all on the health sector?


Sent from my iPhone using Tapatalk

actually cathie wood (ark etf ceo) said she thinks the genome etf will have the best returns in the future, i guess a lot of people are shifting towards that sector now

[jumpmaster 175]

also..not to be a smarta$$ or callous, but people are always going to need healthcare

[JWD531]

Originally Posted by jumpmaster 175

also..not to be a smarta$$ or callous, but people are always going to need healthcare

I don’t think that comes across negatively at all.


Sent from my iPhone using Tapatalk

[jaisonline]

Pretty tough day all around but the day ended with $3B imbalance to the buy side.

Personally, I only had 2 gainers of 11 stocks, VXX & TSLA. My 2 biggest losers were UPS & DKNG.

Only picked up VXX at the open today to 1) hedge the possible negative impact on the market after the Georgia election. 2) Thomas Peterffy recently said there was $726B in margin debt ending 2020 with only 5% of that in his firm. Also some interesting talk about option trading.

Unfortunately, only 75% of the interview was posted on YouTube. The full interview requires CNBC Pro

https://youtu.be/EBWjA4dcmXY

https://www.cnbc.com/video/2020/12/2...-peterffy.html

[JParm]

Not the prettiest day and still ended down, but could've been much worse.

3 of 11 in the green for me today (PINS, SQ, TSLA), with MGNI as the biggest loser (-9%).

Not the start to the new year I was expecting, but still very bullish. I think the pullbacks in a lot of the growth names have been healthy overall, and I still think we go up from here.

[capital]

Thanks for the feedback about Teladoc gents.

[JWD531]

Originally Posted by jpeezy14@hotmail.com

Not the prettiest day and still ended down, but could've been much worse.

3 of 11 in the green for me today (PINS, SQ, TSLA), with MGNI as the biggest loser (-9%).

Not the start to the new year I was expecting, but still very bullish. I think the pullbacks in a lot of the growth names have been healthy overall, and I still think we go up from here.

Not worried about any dips here either as much I suspect is tax gain selling which should subside within the next week or two.


Sent from my iPhone using Tapatalk

[-dustin]

Hope no one here got put through the QS ringer. Oof.

[77T]

Viscous correction paralleling the ominous drop in Y2K was forecast several days ago. For different reasons 20+ years ago, but potentially as painful.

I don’t like self-fulfilling prophecy especially when it’s an instrument that fleeces retail investors. The IRA/491k portfolio managers may be girding their loins for the risk.

The quants may have algo’s built to ratify their predictions - a pure piece of poison that would unwind heavy growth equity positions in global markets. I know it sounds conspiratorial but I don’t think it’s intentional - more like those who forget history tend to repeat the same mistakes.

Hey...stay safe out there


Sent from my iPhone using Tapatalk Pro

[beshannon]

Added to VZ at the open, started a new small trading position in MU, started new position in XOM, started a new small trade in JD-this will be very short term.

[JParm]

Shrug off days like yesterday and realize that fiscal and monetary policy will continue to make this a ripe environment for the bull thesis.

Long 11 stocks, all tech (with a few calls included in some of the same names)...nothing changes from 2020 until I personally feel the winds shifting.

[904VT]

Originally Posted by 77T

Viscous correction paralleling the ominous drop in Y2K was forecast several days ago. For different reasons 20+ years ago, but potentially as painful.

I don’t like self-fulfilling prophecy especially when it’s an instrument that fleeces retail investors. The IRA/491k portfolio managers may be girding their loins for the risk.

The quants may have algo’s built to ratify their predictions - a pure piece of poison that would unwind heavy growth equity positions in global markets. I know it sounds conspiratorial but I don’t think it’s intentional - more like those who forget history tend to repeat the same mistakes.

Hey...stay safe out there


Sent from my iPhone using Tapatalk Pro

I agree I don't think there is any conspiracy. Algos in many cases are momentum/trend based to some degree. They do well in clean market shifts, but not so much in markets that have unclear turning points. They also only work until something is introduced to the data set that hasn't been experienced before. Even future looking, are based on the monte carlo of past event scenarios. IMO the bigger negative culprit in the market are the indexers. ETFs and Passive mutual funds are being overused, with manager skill undervalued. They cause a big dislocation between market prices and intrinsic values too, that contribute to market crashes. The negatives are only starting to be realized by many in the market of these basket products. They may give you cheap exposure to a basket, but they introduce major vol in the market as a whole, hurting all investors imo.

[JWD531]

Anyone long EQIX? I have just started due diligence, but seems like it might be a good stock in the REIT / data center space. Thoughts?


Sent from my iPhone using Tapatalk

[onefishtaco]

I bought TSLA before the split, and right after. Got out at 556 ... now it's around 736 !!! Waiting for a dip before I go back in... surely these prices can't hold! Or can they?! lol

[logo]

Originally Posted by onefishtaco

I bought TSLA before the split, and right after. Got out at 556 ... now it's around 736 !!! Waiting for a dip before I go back in... surely these prices can't hold! Or can they?! lol

I think as overvalued as TSLA is (and I’m a bear on its valuation), the real factor here is liquidity. TSLA longs have no reason to sell - they’re up >700% the past 12 months alone, not to mention those who have been holding stock for several years and won’t sell until the day they die. Meaning, there just aren’t that many shares for sale, which further drives the price up.

[JParm]

Short-term tech gets beat up on election news, long-term story really doesn't change until we see actual legislation. I would be a buyer of big tech weakness here.

[beshannon]

10 year Treasury just hit 1.013%

Bond market expecting inflation. Too soon I believe and I would also be watching for tech weakness to be a buyer. Tech has had a stellar run, profit taking today is expected given the news, long term tech will be fine.

[PeqFB]

I bought Tesla right at the split announcement and sold 50% of my holdings for a nice profit. Continued to buy and sell at the dips/peaks. Playing with house money so I’m not overly concerned that it’s over priced and I’ll hold for long term.
Not a fan of Bitcoin but thinking of buying a Bitcoin index fund as a hedge and diversity. Looking at GBTC and BITW.

[jumpmaster 175]

MJ up 7%..I wonder if now is a good time to buy "alternative" medicine..

[JParm]

Good looking reversal thus far in tech; buying opportunities are quickly dissipating.

We'll see if it continues throughout the day, but I'm liking the action.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

Good looking reversal thus far in tech; buying opportunities are quickly dissipating.

We'll see if it continues throughout the day, but I'm liking the action.

Agreed clearly an over reaction

[vipereaper30]

Originally Posted by 7sins

From everything I have read, it appears a buyout should be ~$90. Options here are cheap, jan 2022 70c is $2.70, so if buyout does happen at $90, that would be about 670% return.

Not sure on the buyout theory but I have a large position in GILD and added this option just below 2.70. Nice return so far, good call 7sins!

[Kowaco]

Originally Posted by logo

I think as overvalued as TSLA is (and I’m a bear on its valuation), the real factor here is liquidity. TSLA longs have no reason to sell - they’re up >700% the past 12 months alone, not to mention those who have been holding stock for several years and won’t sell until the day they die. Meaning, there just aren’t that many shares for sale, which further drives the price up.

I just sold today at 765. I made a very good profit, but it just seems like there is a frenzy going on. I bought TSLA last year, and it became a very large part of my portfolio and I just can't take the risk. I will get back in because long term I think they are a game-changer but I may have to forgo some profits in the short term