Talking Stocks 2.0

[RyanO]

Originally Posted by supernova

I’m definitely going with latter. There is too much stimulus being pumped for any extended weakness.

Added some on the dips today in some big names.


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I'd tend to agree with you, but today is looking like another ugly day.

[ndls]

Originally Posted by RyanO

I'd tend to agree with you, but today is looking like another ugly day.

Today is gonna suck, but if this is the correction I’m all for it. I’m holding all positions, and plan to add into the stronger names I believe in long term. Good luck out there!

[chadwick4eva]

Originally Posted by ndls

Today is gonna suck, but if this is the correction I’m all for it. I’m holding all positions, and plan to add into the stronger names I believe in long term. Good luck out there!

Just remember that fundamentally nothing has changed in the macroeconomic environment, in fact we are probably at a better spot than we were about a month ago in terms of the vaccination effort outlook- it is looking like end of April could be a viable target to get to "effective" vaccination. I think we will see the economy come roaring back in the second half of this year with everything being opened up.

Between tech having stretched valuations and the perception that maybe tech will perform poorly once covid is over, I have noticed a shift in psychology in mainstream and social media the past few weeks (youtube, all the major news outlets, twitter, etc.). Seriously everywhere I look there are like 14 "bubble" articles. This is definitely affecting the psychologies of people at the moment and spooking them out of the market. I have been at about 6% cash for the past month because I felt that valuations were a bit stretched. I am slowly infusing cash all the way down. This seems like it may be one of the best buying opportunities of the year- especially for tech.

Times like this also emphasize the importance of collecting yield and being diversified- while tech may be suffering many other sectors are doing fine in the month of February and are cushioning the blow (for me at least). Collecting yield also allows you to passively build a cash position to be ready for moments like this.

[ndls]

Originally Posted by chadwick4eva

Just remember that fundamentally nothing has changed in the macroeconomic environment, in fact we are probably at a better spot than we were about a month ago in terms of the vaccination effort outlook- it is looking like end of April could be a viable target to get to "effective" vaccination. I think we will see the economy come roaring back in the second half of this year with everything being opened up.

Between tech having stretched valuations and the perception that maybe tech will perform poorly once covid is over, I have noticed a shift in psychology in mainstream and social media the past few weeks (youtube, all the major news outlets, twitter, etc.). Seriously everywhere I look there are like 14 "bubble" articles. This is definitely affecting the psychologies of people at the moment and spooking them out of the market. I have been at about 6% cash for the past month because I felt that valuations were a bit stretched. I am slowly infusing cash all the way down. This seems like it may be one of the best buying opportunities of the year- especially for tech.

Times like this also emphasize the importance of collecting yield and being diversified- while tech may be suffering many other sectors are doing fine in the month of February and are cushioning the blow (for me at least). Collecting yield also allows you to passively build a cash position to be ready for moments like this.

Fully agree.

Also anticipating a future correction for travel stocks. Really, Carnival Cruise lol

These are the days that I’ll just keep working, and putting money into the market. My portfolio has roughly corrected 12% since it’s top last week lol. All good. I’m mentally prepped for another further dip. I’ve gone through Trump and Covid-recession fear, and all I did was add. This was overdue.

All the best out there!


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[chadwick4eva]

Originally Posted by ndls

Fully agree.

Also anticipating a future correction for travel stocks. Really, Carnival Cruise lol

These are the days that I’ll just keep working, and putting money into the market. My portfolio has roughly corrected 12% since it’s top last week lol. All good. I’m mentally prepped for another further dip. I’ve gone through Trump and Covid-recession fear, and all I did was add. This was overdue.

All the best out there!


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Yes- travel stocks that have "recovered" even though the businesses themselves haven't, electric vehicles, clean energy, weed stocks, ark funds, bitcoin (even though it has no intrinsic value and isn't an asset) and high P/S tech names I expect will bear the full brunt of what's happening at the moment. Basically everything that has been overhyped for far too long will likely get smoked in this little turndown.

[MechMovement]

Are we deploying cash in chunks from here onward or do well have specific entry points in mind?

Thinking of accumulating some more
COTY @ 7.4
CRSR @ 35.4

Hold other big tech within a fund, interested in thoughts on the above.

While i agree with the general sentiment that we are no worse off macroeconomically i do wonder what the residual effect of the gradual reopening of the economy means?

Will we witness more private investors rotating funds out of the market and deploying into real estate/other assets now these sectors as a whole will be "opening up"

Robinhooders moving money out of the markets as they require these funds for living as we are now approaching some kind of "normal"

Bond yields, further rotation into these?

(UK investor)

[supernova]

Was very ugly earlier in every sector, markets seems to be trying to recover.

Added more AAPL at 120. Have been divesting into riskier assets of late, need some more stable big names.

[chadwick4eva]

Originally Posted by chadwick4eva

Yes- travel stocks that have "recovered" even though the businesses themselves haven't, electric vehicles, clean energy, weed stocks, ark funds, bitcoin (even though it has no intrinsic value and isn't an asset) and high P/S tech names I expect will bear the full brunt of what's happening at the moment. Basically everything that has been overhyped for far too long will likely get smoked in this little turndown.

Wow things got pretty crazy there for a second. Added more AAPL at $120, ETSY at <$200, CRSR at $33.50, AMD at $80, added a little HD today as well, was oversold at the beginning of the session on another strong quarter. Started a position in TSM and ABNB as well. I don't love the pricing on either at the moment so didn't go too huge on either but wanted to get my feet wet on the downturn.

Funny I made this post like 15 minutes before open- let's look how all these overhyped names are doing relative to the market-

ARKG down 6.12%
ARKK down 6.61%
ICLN down 3.1%
YOLO weed ETF down 6.83%
BTC down over 15% in the last 48 hours
TSLA down 4%, NIO down almost 6%

S&P down only .65% relative to all of those.

Play stupid games, win stupid prizes.

The high yielding sector based vanguard ETFs VDE, VFH, VNQ, VPU are all positive today. VDC is one that is trading down but seems like it could be a good add- has been trading sideways for a while and yielding 2.3%.

[wantonebad]

My alternative energy ETF's have not been doing well the last few weeks, starting to rethink some positions.

[JParm]

Craziest swing in the market I've seen.

[kieselguhr]

DBX is the only thing green for me today

[RyanO]

Originally Posted by jpeezy14@hotmail.com

Craziest swing in the market I've seen.

That was really wild. Almost make you wonder if the big boys just wanted to trigger as many stops as possible so they could go shopping themselves.

[supernova]

Feel that there was just a lot of cash waiting on the sidelines to deploy on any pullback.

Now only need crypto to claw back too now...


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[huncho]

Originally Posted by supernova

Feel that there was just a lot of cash waiting on the sidelines to deploy on any pullback.

Now only need crypto to claw back too now...


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square bought $170m of btc at an average of $51k, if there are buyers like that at those prices i'm not too worried, just gotta give it a few days

[logo]

Well today was insanity. I was away all day so couldn’t make any buys, but after reviewing the days action this evening, I’m convinced there was some sketchy business going on. So many stocks sold off 15-20% only to bounce back intraday. The craziness lately has me a bit worried, but of what I’m not sure. There used to be a time where a 2-3% gain or drop was a big day, while in today’s market it’s just a rounding error of the day. Getting to be tough to spot good deals.

[jaisonline]

From reading Twitter and TV segment on $cciv / Lucid Motors, I think this SPAC is a great history lesson for traders of future SPACs.

Retail investors learned the hard way about not taking profits (or at least trimming), how SPACs work merger-wise, what happens when they be target (non-blank) company causes such high demand, how evaluations & PIPEs influence stock price post-announcement.

anyway, I slipped late last week on ice while walking the wife to the car (luckily, no internal hemorrhage) & now finally getting back to normal so trying not to type much.

Good luck fellas. Def a tough week so far.

[supernova]

CCIV seems like the poster child for “buy the rumour, sell the news”!


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[jaisonline]

Originally Posted by supernova

CCIV seems like the poster child for “buy the rumour, sell the news”!


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100% Yes for now. Let’s see what they do going forward.

[logo]

I think part of it is a bit of “EV bubble crush.” Lucid got hammered, WKHS got destroyed, TSLA 30% off its ATH yesterday... it was a bit overdue.

[chsu74]

The ramifications of big tech selling off and EV getting hammered is forcing traders to sell other solid positions as margin gets called. Furthermore, CNBC’s comment last week on interest increase having little or no impact is utter BS. TLT is nose diving..

We will continue to see this chop until the 1.9T of FIAT money gets dumped into the economy again for a brief honeymoon. However, I think the glory days are behind us and its going to be harder to make money.

[RyanO]

Here we go again...


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[gabrielnovar]

Originally Posted by RyanO

Here we go again...


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lol.....

[bimmer nerd]

Picked up some CRSR and PLTR

Looking at adding FSLY as well

[ndls]

Good luck out there, y'all. Brutal day. Added into travel sector. Otherwise, I need to stop looking at the portfolio for a while and just live my life!

[austinp]

Getting smoked.


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[sokoloka]

DCA all day.

[austinp]

Originally Posted by sokoloka

DCA all day.

Indeed. Added to some of my core stuff.


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[pearson1995]

Ouch, bad week for myself... but I am just going to hold, long term I think it’s just a blip.

[RyanO]

If it’s any consolation, I’m getting smoked too. Wow.

Let’s hope this is just a blip and a healthy correction.


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[austinp]

Lol. Misery does love company! Here’s to a better tomorrow!


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