All things STOCKS

[BigOrangeMojo]

premarket looking dreadful

Looks like a good day to buy....

 

[05_never_again]

Looks like a good day to buy....

Start getting a shopping list together. About time! I'd like to see a market leader like AAPL come back to the 200 DMA. That'd be a nice 23% pullback from the high.

 

[bignewt]

Looks like a good day to buy....

Unless you are tired of pumping money in. Im about at that point.

 

[Kingston Vol]

Looks like a good day to buy....

Needed a week or two like this.

 

[Kingston Vol]

 

[Kingston Vol]

 

[Thunder Good-Oil]

The ARK holdings are getting obliterated this morning.

 

[Firebirdparts]

Collapses take time for the overall market. Like months. These worthless stocks like the ARK stuff above may not take as long, I don't know. Every time I buy, I end up buying too soon.

 

[Thunder Good-Oil]

Cathie is having a really bad day.

 

[bpalmer28]

It appears as though I picked a bad time to get involved! Glad I decided to start small. Goodness. I've lost almost 20% of my initial investment. Feel bad for some of you guys with more skin in the game.

 

[Thunder Good-Oil]

.

 

[BigOrangeMojo]

Unless you are tired of pumping money in. Im about at that point.

I've got a significant percentage (almost 40%) in cash. I'm buying back stocks that I've pruned over the past week. Sold portion of Paypal last week at $305, bought back today at $255. Sold SQ at $280, bought back at $235. Sold PLTR at $29-30 yesterday, bought back at $24 today. Sold BIDU at $350 yesterday, bought back at $295 today.

I like days like today. You see good companies that are getting beat up too much due to the bloodbath. If they go down again tomorrow, I'll buy more.

 

[Kingston Vol]

It appears as though I picked a bad time to get involved! Glad I decided to start small. Goodness. I've lost almost 20% of my initial investment. Feel bad for some of you guys with more skin in the game.

Keep buying.

 

[05_never_again]

FB relatively very strong today. It's found buyers at that 200 DMA lately.

That's a very interesting one - it's basically consolidated since last July despite a very strong market. AMZN, NVDA, NFLX kind of similar.

 

[BigOrangeMojo]

It appears as though I picked a bad time to get involved! Glad I decided to start small. Goodness. I've lost almost 20% of my initial investment. Feel bad for some of you guys with more skin in the game.

Helpful hint - If you are investing for the long term, these are the good days. Those that pumped money in mid March - early April last year made bank.

 

[Thunder Good-Oil]

Wood has been compared to Warren Buffett. If that’s the case then there has been a massive upheaval in security analysis and Benjamin Graham is spinning in his grave. Check out those earnings multiples.

 

[Kingston Vol]

Buying the AAPL dip

 

[Thunder Good-Oil]

Helpful hint - If you are investing for the long term, these are the good days. Those that pumped money in mid March - early April last year made bank.

If a stock has dropped 20%, you can buy 125% of the shares today versus yesterday for the same cost.

 

[05_never_again]

Wood has been compared to Warren Buffett. If that’s the case then there has been a massive upheaval in security analysis and Benjamin Graham is spinning in his grave. Check out those earnings multiples.

They said the same thing about the dot-coms in 2000. They said Buffett was a great investor, but a class of companies had come along that he didn't understand and were subject to different methods of valuation. A frequent refrain was that the dot-coms were impervious to higher interest rates because they weren't tapping the debt markets for growth.

It was all BS of course, and the rules that have existed forever eventually re-asserted themselves.

 

[BigOrangeMojo]

If a stock has dropped 20%, you can buy 125% of the shares today versus yesterday for the same cost.

I did that with PLTR (Went from 1K shares to 1,250). Everything else I bought back +/-5 shares of what I previously had since those were largest holdings and didn't want to get too heavy in any one stock.

 

[Go aeiou]

Wood has been compared to Warren Buffett. If that’s the case then there has been a massive upheaval in security analysis and Benjamin Graham is spinning in his grave. Check out those earnings multiples.

She's not even close. Only the future will tell what kind of investor she really is.
She's been a trend person, and probably a trend leader. Has she driven up prices because she keeps getting more to invest? A victim of her success?

 

[Kingston Vol]

She's not even close. Only the future will tell what kind of investor she really is.
She's been a trend person, and probably a trend leader. Has she driven up prices because she keeps getting more to invest? A victim of her success?

A lot of people I follow on Twitter are obsessed with her - I would describe these people as trendy or hipsters. All very young as well.

 

[05_never_again]

She's not even close. Only the future will tell what kind of investor she really is.
She's been a trend person, and probably a trend leader. Has she driven up prices because she keeps getting more to invest? A victim of her success?

I think you always have to be wary of just one year's worth of good performance. She was on the right side of a huge momentum trade that began after the COVID selloff last year. And credit to her - she had liked those names for a number of years and stuck with them after a couple of years of flat performance and getting ripped last March.

Comparing her to Warren Buffett is like comparing a QB that has had a great first couple of games in their career to Tom Brady.

 

[05_never_again]

A lot of people I follow on Twitter are obsessed with her - I would describe these people as trendy or hipsters. All very young as well.

I know this sounds smug, but I've seen it time and time again. Her biggest fanboys are young people who are new to investing and wouldn't care at all about investing if it wasn't for her incredible performance over the last 8-10 months or so. They don't know much about finance, economics, or markets; they just know that these companies are "cool" and the stocks have gone way up. It's a cool, trendy thing to feel a part of. What I would call the Instagram "motivational speaker finance bro" crowd absolutely adores her too.

Her general thesis could be and probably is right, that there are a ton of disruptive companies out there that will change the way we do business. However, it doesn't mean her ETFs are great buys at these levels. Remember, everything the bubbleheads on CNBC said about how the internet was going to change the world was right. It didn't mean that the Nasdaq was a great buy in 1999 or 2000 though. It is really easy to conflate those 2 concepts. Sure, if you bought then and held on until today you would have made a lot of money, but think about the opportunity cost.

 

[Kingston Vol]

I know this sounds smug, but I've seen it time and time again. Her biggest fanboys are young people who are new to investing and wouldn't care at all about investing if it wasn't for her incredible performance over the last 8-10 months or so. They don't know much about finance, economics, or markets; they just know that these companies are "cool" and the stocks have gone way up. It's a cool, trendy thing to feel a part of. What I would call the Instagram "motivational speaker finance bro" crowd absolutely adores her too.

Her general thesis could be and probably is right, that there are a ton of disruptive companies out there that will change the way we do business. However, it doesn't mean her ETFs are great buys at these levels. Remember, everything the bubbleheads on CNBC said about how the internet was going to change the world was right. It didn't mean that the Nasdaq was a great buy in 1999 or 2000 though. It is really easy to conflate those 2 concepts. Sure, if you bought then and held on until today you would have made a lot of money, but think about the opportunity cost.

Right, I totally get what you're saying. I am relatively new to the markets - I've watched my 401k for 10 years, but I've only been running my own brokerage account for three years or so.

To your point, you would have to be a colossal idiot to not have made money over the last 10 months. And I think that is making younger people around my age, mostly men, think they have an aptitude for something that will explode on them when the market drops. I am very thankful my introduction to the stock market was through Warren Buffett and value investing and not these growth tech stocks and day trading.