Originally Posted by Iconic:
Friendly suggestion but I'd get out of that if ever in the green. There are better, safer opportunities that don't have inflated evaluations simply from meme status.
I have made more money off of these two stocks in the last couple years than every other stock I've ever owned plus crypto combined...a lot more. They are gamble plays that I have conviction in, and even if they both go to 0 (they won't) I'll still be up overall. [Reply]
I'm back up to 40% invested in my long term positions for VOO and VXF in my long term positions. Will also look to PYPL as a long term in my ROTH. If today holds green I will get to 50% invested in my long term account.
Charts are still VERY sloppy regarding trading. So outside of 1-2 very short day trades I make a week to stay on top of the charts, I am sitting 100% cash in my trading account and have been almost all of 2022. [Reply]
Upon further review: it is possible yesterday set a bottom. That being said, it doesn't mean we won't trade back down to it, etc. but on a weekly chart of the QQQs, we did hit a support level.
We also have had the worst 2 consecutive months of market declines since Covid. That is significant because as nasty and potentially risky as the Ukraine fighting is, tit-for-tat, the Covid shutdown had a lot more of an economic impact globally and across all aspects of the economy.
We still have a lot of inflation to battle and we got yet another indicator this morning that was the highest since 1983 in the way of PCE inflation. [Reply]
Originally Posted by lewdog:
I'm back up to 40% invested in my long term positions for VOO and VXF in my long term positions. Will also look to PYPL as a long term in my ROTH. If today holds green I will get to 50% invested in my long term account.
Charts are still VERY sloppy regarding trading. So outside of 1-2 very short day trades I make a week to stay on top of the charts, I am sitting 100% cash in my trading account and have been almost all of 2022.
I have not sold a dime in all of this outside of some slight re-balancing. It has been scary to say the least but I am sticking with it. [Reply]
Originally Posted by lewdog:
I'm back up to 40% invested in my long term positions for VOO and VXF in my long term positions. Will also look to PYPL as a long term in my ROTH. If today holds green I will get to 50% invested in my long term account.
Charts are still VERY sloppy regarding trading. So outside of 1-2 very short day trades I make a week to stay on top of the charts, I am sitting 100% cash in my trading account and have been almost all of 2022.
I have PayPal in my Son's trust. I have to admit after their last earnings reports and the bullshit that came out of the CEO, I really contemplated dumping it. It and Google are the only non-dividend paying stocks I have in his trust, FTR. [Reply]
Beaten down and I think their long-term outlook is strong for when tech stocks rebound.
PE of 80 down to a more realistic range of 30 and below most of it's competitors now with recent drop in share price. Earning growth potential still remains strong.
Stock down 65% from it's high and back to pre COVID levels.
Concerns remain about inflation and revenues, however. This is true of most companies though, but at some point I believe all the beaten down tech will lead us back when the markets rebound. [Reply]
Originally Posted by petegz28:
Upon further review: it is possible yesterday set a bottom. That being said, it doesn't mean we won't trade back down to it, etc. but on a weekly chart of the QQQs, we did hit a support level.
We also have had the worst 2 consecutive months of market declines since Covid. That is significant because as nasty and potentially risky as the Ukraine fighting is, tit-for-tat, the Covid shutdown had a lot more of an economic impact globally and across all aspects of the economy.
We still have a lot of inflation to battle and we got yet another indicator this morning that was the highest since 1983 in the way of PCE inflation.
I think that is certainly possible. It sure looks like the commodities set a top. It's certainly possible they are unwinding before the weekend and could get back after it Monday.
The grains have been moving opposite of the stock market for awhile, and I sold a fuckton of corn and wheat. [Reply]
Originally Posted by Buehler445:
I bought a little snap-on as a swing trade. It seems to be pretty solidly bound to a range (it will probably break out tomorrow:-) )
Also bought a little Kroger. They seem to be weathering the supply chain problems and it didn't crash through any resistance like so many others have.
We'll see. Probably go red like every fucking thing else I have LOL.
Both these are up pretty hard... for some reason.... I hadn't logged on because I figured it was all red all the time. Guess I called that part right.
Snap-On should have some more upside before it gets to the top of the channel.
Kroger is up against a little resistance, I may dump it and take the win in a sea full of L's. :-) [Reply]
