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Ford basically built the truck for Rivian and now Rivian is worth 1.5x what Ford is is worth.
I don't trust the China stocks and they are very swingy. When one like JD or BABA take a beating, I sometimes play a flier. I've bought deep in the money, long term BABA calls to mimic owning 100 shares. That worked out well but they are costly so I usually only buy one or two. It's a safer play due to the long time horizon and the fact that the calls are deep in the money. This time, I am trying a higher risk/reward choice of short term, 10% out of the money calls. I bought 10 BABA December $160 calls for $2 each. Only risking 2K, but it is a low-pro probability play. I'll flip them quickly (like next week) if there is a rebound but these are likely to decay to zero. I don't recommend it unless you're a gambler or know something about BABA that the rest of the world does not.interested
dont blame you when telsa acted like it did.
identikit said:
Ford basically built the truck for Rivian and now Rivian is worth 1.5x what Ford is is worth.
The stock market's "great paradox," as IBD Chairman and founder William O'Neil calls it, is that stocks that seem too high in price and risky for most investors usually go higher. And those that seem low and cheap usually go lower.
Damn man. I don’t know about you but the every month or two drop is smacking my ### today. It’s really weird because some stuff is up but some is kind of random.
Nope, I’m getting whacked, too. Glad I raised cash the other week or so when we were talking about it but I’m not really doing anything yet. Small and midcaps just getting indiscriminately pummeled and will eventually be followed by rallies like clockwork.
It really is like clockwork. I’m waiting as well but some stuff like MELI is close the May lows. 1262 is year low and it’s at 1320 and the high is over 2000. Other stocks not as close to lows but definitely been a rough few days for some.
That's what I've been experiencing with BARK as well. I have way too much of that too.
Didn't crush it on earnings? People late to taking profits or worried reopening will hurt it somehow? Don't really get it, but at 52 week lows I'll play.
I got slaughtered at work, like usual on Mondays. Just went to my accounts and I was up $10 on STMH and down on everything else
What a gambler!FreeBaGeL said:
This isn’t to invalidate your overall point, but you absolutely can’t use the FFA stock contest as any kind of gauge for anything. Most people were picking extremely high risk home run swings, like biopharms with binary outcomes. My real life portfolio is outperforming the S&P by more than double. My FFA stock pick got clobbered but it’s a super risky gamble that I would never make a significant part of my portfolio.
I went total boom/bust with SPAC Indie Semi. Haven't owned it a months and not even sure where it's at now.
I’m the opposite. 2020 was much better for me. Still up in 2021 but so much peaked and I made the mistake of buying into some things early in 2021 before the peak. I felt like we were at the top in February but like 2020, stood pat. Before the last couple days I was doing fine in 2021, but damn yesterday smacked my ### again. The nice thing is that I feel like my floor for the dip is higher than the spring floor. It’s too bad you can’t FF a few years to see if you are good or not. I’m still 15+ years from retirement age but damn if I’m trying my best to retire in 5-7. We’ll see.
I put in two picks that definitely weren’t my best long term stocks. They were stocks I was hoping might do well.
I have some. I bought in Coinbase Pro and eventually moved it to regular Coinbase to earn interest. I’m going to eventually move it to the Algorand wallet in time for the next governance period.
