All things STOCKS

#16,776
#16,776
Orangepantsforever said:
I need to become more educated on it. I just trust that they handle it properly. It went from $417k to $396k in a day. By far the biggest one day drop I’ve ever had, percentage wise. It just puzzled me, because the DOW, S&P, and NASDAQ were all pretty steady. No huge drops to cause a loss. But then again, I don’t know what all that fund invests in. I’ll just have to talk to the ones that are handling my retirement.
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As BigOrangeMojo said, it’s most likely annual distributions from mutual funds and will take a day or two to be reflected in your account. If you’ve elected to re-invest dividends and capital gains back into the funds then you will have more shares. If you didn’t make that election to reinvest then the distributions will show up in the account as a larger cash balance. Also, if your investment advisor has been authorized they could be investing cash distributions in any number of investments.

If you’re down 5% in a day when the indexes haven’t fallen anywhere close to 5%, your investment advisor’s got some explaining to do.
 
#16,777
#16,777
Orangepantsforever said:
I need to become more educated on it. I just trust that they handle it properly. It went from $417k to $396k in a day. By far the biggest one day drop I’ve ever had, percentage wise. It just puzzled me, because the DOW, S&P, and NASDAQ were all pretty steady. No huge drops to cause a loss. But then again, I don’t know what all that fund invests in. I’ll just have to talk to the ones that are handling my retirement.
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It may be in your best interest to find out where your money is invested. You could be over or under exposed to certain segments of the market.
 
#16,779
#16,779
Orangepantsforever said:
They claim it’s supposed to be a good, broad spectrum, mix. Who knows. Sure don’t want many days like yesterday though 🥴
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I'm 99.9999999999% sure its the lag related to capital gain distributions and you'll see it reverse either today or tomorrow. It's a common thing in December...

Now if you got a financial advisor that can not or will not explain and walk you through this, you need a new financial advisor...
 
#16,780
#16,780
BigOrangeMojo said:
I'm 99.9999999999% sure its the lag related to capital gain distributions and you'll see it reverse either today or tomorrow. It's a common thing in December...

Now if you got a financial advisor that can not or will not explain and walk you through this, you need a new financial advisor...
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Makes sense. I didn’t think about distributions affecting it like that, but I can see how it would.
 
#16,782
#16,782
Vol423 said:
Have any of you guys bought any quantum computing stocks? IONQ, QBTS, QUBT andd RGTI have all been on fire over the last 3 months. The entire sector is up big.
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No interest in quantum computing stocks? Quantum Computing Inc (QUBT) is up 51% today, 120% over the last 5 days and 441% over the last month. This has been the hottest area in the market over the last 3 months.
 
#16,783
#16,783
www.cnbc.com

Dow drops 300 points, heads for first 9-day slide since 1978: Live updates

The Dow Jones Industrial Average was threatening to enter the history books Tuesday with its first nine-day losing streak since the 1970s in sight.
www.cnbc.com www.cnbc.com

The Dow Jones Industrial Average was threatening to enter the history books Tuesday with its first nine-day losing streak since the 1970s in sight.

The 30-stock average shed 309 points, or 0.7%. The S&P 500 lost 0.4% , while the Nasdaq Composite ticked down 0.2%.

The Dow's losing streak began the day after it closed above 45,000 for the first time ever earlier in the month.
 
#16,784
#16,784
Vol423 said:
No interest in quantum computing stocks? Quantum Computing Inc (QUBT) is up 51% today, 120% over the last 5 days and 441% over the last month. This has been the hottest area in the market over the last 3 months.
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I understand that industry even less than crypto/blockchain. The market cap of those 4 is around $20B so they aren’t micro-caps. But some fell 80-90% in 2022.

I don’t know how AMZN, IBM, MSFT, GOOGL, and the major chip companies might fit in. If they are complementary rather than competition then that would be positive.

Then of course are they making money or popping solely on potential? If they don’t have earnings I’d anticipate there’s lots of volatility in share prices ahead.
 
#16,785
#16,785
The futures are indicating across the board gains for a change. But it’s all noise until the 2pm release and Powell turns on his mic at 2:30. I think today will be a wild one - maybe for the last time in 2024.

I tried to sell TSM 12/27 $200 puts yesterday afternoon. But the price moved against my limit order. I’ll probably try again today.

I’ve also got XLE, XLI, ITA, and NDAQ on the radar. SMCI has pulled back a bit from the huge run up that it’s had recently.

I’m also thinking about adding OXY shares. It hasn’t done anything since Buffett started buying shares. I don’t know if he’s let go of shares or added more at the discounted price. He was making a big move into energy, hence I might end up buying XLE instead of OXY.

I have enough NVDA, but if I didn’t I’d be considering adding some shares after this correction.
 
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#16,786
#16,786
Thanks Thunder. Yes, NVDA seems a buy.

What is your strategy for dealing with last two weeks of December? Does history show that the market normally averages downwards due to selling for tax purposes?

You hear of Santa rallies, but most years it seems to drift down on low volume.
 
#16,787
#16,787
Jax_Vol said:
Thanks Thunder. Yes, NVDA seems a buy.

What is your strategy for dealing with last two weeks of December? Does history show that the market normally averages downwards due to selling for tax purposes?

You hear of Santa rallies, but most years it seems to drift down on low volume.
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It seems like things play out randomly and do the unexpected. But IMO the DJIA should trend up into the final days after the recent, near record breaking 9 straight down days.

As far as tax loss harvesting, I think that a lot of that has already happened. But winners could be sold all the way up to the last day to ensure that current IRS rules apply and also fund managers won’t want to miss locking in big gains for their promotional material citing 2024 performance.

I do expect it will be kind of quiet until 2025. Both holidays are mid-week, so a lot of the busy traders and investment managers have already shut things down for 2024.

This 2pm interest rate announcement will set the mood. I think a quarter point cut might be the expectation. Something else could be disruptive - probably bad for equities (IMO) whether no cut or a bigger than 1/4 point cut.

I’m interested in where Bitcoin goes in the last couple of weeks in 2024. I almost grabbed one of the derivative alternatives when it reversed about 5% from the $100k mark. Which way will the next 25% move go? Bitcoin is terrific for trading, but I still want to position about 1% of my assets there and hold for the long term.

I think that industrial, US based manufacturing, infrastructure, etc. will be a good bet in 2025. Kind of why I like XLE. Got to get the country cranking out production and invest here again. I think that Trump is on a mission to get the country producing and the economy moving. I hope that the Dems can pull in the same direction.
 
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#16,789
#16,789
Thunder Good-Oil said:
It seems like things play out randomly and do the unexpected. But IMO the DJIA should trend up into the final days after the recent, near record breaking 9 straight down days.

As far as tax loss harvesting, I think that a lot of that has already happened. But winners could be sold all the way up to the last day to ensure that current IRS rules apply and also fund managers won’t want to miss locking in big gains for their promotional material citing 2024 performance.

I do expect it will be kind of quiet until 2025. Both holidays are mid-week, so a lot of the busy traders and investment managers have already shut things down for 2024.

This 2pm interest rate announcement will set the mood. I think a quarter point cut might be the expectation. Something else could be disruptive - probably bad for equities (IMO) whether no cut or a bigger than 1/4 point cut.

I’m interested in where Bitcoin goes in the last couple of weeks in 2024. I almost grabbed one of the derivative alternatives when it reversed about 5% from the $100k mark. Which way will the next 25% move go? Bitcoin is terrific for trading, but I still want to position about 1% of my assets there and hold for the long term.

I think that industrial, US based manufacturing, infrastructure, etc. will be a good bet in 2025. Kind of why I like XLE. Got to get the country cranking out production and invest here again. I think that Trump is on a mission to get the country producing and the economy moving. I hope that the Dems can pull in the same direction.
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Thanks!
 
#16,790
#16,790
@1RBFjr said:
AAPL hit an all time high yesterday.
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That was kind of a quiet move. Maybe NVDA sellers have been rotating into being AAPL buyers.

The Mag 7 might be the big story for several years. GOOGL has been the dog of the group. I’m not real enthusiastic about it. AI might not be the best thing for their search dominance.
 
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#16,792
#16,792
Thunder Good-Oil said:
That was kind of a quiet move. Maybe NVDA sellers have been rotating into being AAPL buyers.

The Mag 7 might be the big story for several years. GOOGL has been the dog of the group. I’m not real enthusiastic about it. AI might not be the best thing for their search dominance.
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AAPL is among the stocks/indexes on the Stock app on my iPhone, so it’s super easy to follow. I too noticed how it’s been creeping up without much fanfare.

Thankfully GOOGL hasn’t been much of a dog, but it certainly hasn’t been in the same league as NVDA.
 
#16,794
#16,794
Jax_Vol said:
Don't know what J-Pow said, but market jerked.

Hopefully a Dylan Sampson head fake
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All of a sudden my accounts had a lot of 3%, 4%, 5% losers. Good thing I didn’t have my limit (selling puts) hit yesterday with TSM options. Now I have to decide whether to sit on the sidelines and wait for things to calm down or sell the puts at the higher price.
 
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#16,795
#16,795
I think I’ll sit out the TSM move and instead keep an eye on something Bitcoin. Most likely BITX. Maybe MSTR, but the run up has taken it to a huge price.
 
#16,796
#16,796
Thunder Good-Oil said:
All of a sudden my accounts had a lot of 3%, 4%, 5% losers. Good thing I didn’t have my limit (selling puts) hit yesterday with TSM options. Now I have to decide whether to sit on the sidelines and wait for things to calm down or sell the puts at the higher price.
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Yeah...definitely Bad Santa!
 
#16,798
#16,798
Jax_Vol said:
Thanks Thunder. Yes, NVDA seems a buy.

What is your strategy for dealing with last two weeks of December? Does history show that the market normally averages downwards due to selling for tax purposes?

You hear of Santa rallies, but most years it seems to drift down on low volume.
Click to expand...
I’m getting a little more here at this price.
 
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