stock market was up today...

#12,027
#12,027
85SugarVol said:
Those were the facts, at the time. Markets move throughout the day you know.

Nasdaq still down over 10% in the last couple weeks. It’s been a very rough stretch.
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We had a huge run up based on expectations of recovery. Whenever there is a hint those expectations are too high there is going to be a drop. Conversely, if the bounce back post virus shows signs of being better than expected, the market will of course rise.
 
#12,028
#12,028
Vol737 said:
Not even familiar with those. Don’t want.
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The fund manager has been benefiting from a lot of no name stocks in the portfolio being driven up by her cult followers. She was on the right side of her COVID and EV trades and the followers piled on board for a ride. The momentum has run out for now. She’s had to shift into mega cap names to put the money that poured into the ARK funds to work.
 
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#12,029
#12,029
Thunder Good-Oil said:
The fund manager has been benefiting from a lot of no name stocks in the portfolio being driven up by her cult followers. She was on the right side of her COVID and EV trades and the followers piled on board for a ride. The momentum has run out for now. She’s had to shift into mega cap names to put the money that poured into the ARK funds to work.
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She actually just sold her Apple & Amazon positions to buy the dips on some of her smaller names.
 
#12,031
#12,031
85SugarVol said:
They are ETF’s built around disruptive technologies. Had massive gains in 2020.

Have been hurt by the interest rate movements of late.
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Gotcha. I’ve just been in FTEC for my etf in the tech sector and bought SHOP, AMZN, PYPL and AAPL back around April. Three of those hit my stops and sold on the way down the past couple of weeks. Still holding AAPL.
 
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#12,032
#12,032
Vol737 said:
Gotcha. I’ve just been in FTEC for my etf in the tech sector and bought SHOP, AMZN, PYPL and AAPL back around April. Three of those hit my stops and sold on the way down the past couple of weeks. Still holding AAPL.
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ARK really pushes the envelope. They’re out there on the boundaries.

If you’re interested in other tech plays that aren’t quite as exotic, but are still aggressive, check out Morgan Stanley’s CounterPoint Global Team.

I’m a huge fan of Dennis Lynch and that team. Been riding with them for a few years now.
 
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#12,049
#12,049
Not sure I like this market very much. Sure, we’re up some since the first of the year, but if the market is forward looking, it sure seems fairly schizophrenic and unsure of what lies ahead. Paring back a lot of positions and getting into more cash than I ever thought I would. Anyone else moving toward rebalancing, getting defensive or cashing out for a while?
 
#12,050
#12,050
Vol737 said:
Not sure I like this market very much. Sure, we’re up some since the first of the year, but if the market is forward looking, it sure seems fairly schizophrenic and unsure of what lies ahead. Paring back a lot of positions and getting into more cash than I ever thought I would. Anyone else moving toward rebalancing, getting defensive or cashing out for a while?
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I would usually have some long term puts out at this point, but the longest one I have is July, and I'm putting up a fence there. I have stops in for those, and if they hit I will sit back for awhile. I think the schizophrenia comes form Xiden's threats of taxation into the stone age. Once that is absorbed, we can get on with it. But yeah, my mad money accounts are almost 90% cash right now. wrt rebalancing... what areas are you looking at increasing?

Joe's crushing it, isn't he?
 
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