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Dude is awful and him posting about stocks is peak bubble behaviorhttps://twitter.com/stoolpresidente/status/1364227461827809297?s=21
dave may be annoying but I’m at work and have to act like a human vice an #######. Man I want to have a drink
My top 3 holdings are all green BNKU, NRGU, UVXY, and I'm about -1.5%. Kind of surprised the UVXY isn't doing better. Just glad I averaged that one down.
I agree. Hard to believe it ends with a giant infusion of government cheese while hundreds of millions of stir crazy Americans are about to have an opportunity to party like rock stars in the coming months.
Lol. Me too. Not quite dismantled like that but down 8% in two days sucks. Feels like this year’s gains got wiped out quickly, but that’s not too bad. I was starting to feel like we might not get that Q1 pull back that was discussed so much.
No. Sit tight and I will give the word. Market is still frothy. This is just getting started. Wait for the shmucks on CNBC to start pimping panic.
I feel the same way. I had cleared up a nice amount of cash but started buying stuff the last couple weeks. I was less speculative so everything I bought was long term so it is what it is. Just would have been awesome to buy at the open today and just had more shares.
Congrats. $18.75 here. So much crap to buy that it was hard to pound everything near the low.
We've already had a 20% plus correction on many of the stocks we like. Amazon was down over 10% at one point (over the last 2 weeks). Apple is down 10% over the last two weeks and down 15% since they announced they are printing money at will. How much more of a correction is possible with the current climate sans a major event? Do the stocks in the 8-10 PE range have to drop further?
I’m up on what I bought yesterday. Man, should have waited, would have pounced at $92, but didn’t want to throw more money at it since I bought some way higher and some at $109.
I think that was the one I caught near the lowest. $90.33. In hindsight I should have backed up the bus but was worried it could keep falling. Also wanted to get my eggs in other baskets. Actually ran on of cash and was having to sell things like T and misc SPACs.
I’m pretty close to fully invested so definitely can’t back the the truck up and I do feel like there could be more downside. Maybe not today but soon. Maybe it leaks down more slowly.
The market is more than AMZN and APPL. We will see a broad based sell off at some point.
I mean, if you saying this makes a bunch of people on here ignore it and lessen the demand and price for my purchases, that's great. Thanks!
Here is where I've failed this year. Took my salary all at once with PPP and didn't get it fully in during 2020. So now have some cash in my 401K. At this point I am just going to wait to see if a correction occurs to get it fully invested. I've been sprinkling some in along the way. I need to rebalance my taxable assets as well, too heavy in cash right now so that leads to an opportunity with any correction.
I won't even look at the accounts until this weekend but this is probably the case for me too.
guess I'll be working a few more years 
I’m about 20% in my taxable but AMZN is a huge part of that account so it’s not as bad as my IRAs have been the past two days.
Agreed, DOW hit an all-time high yesterday. S&P 500 is only 2.5% off it’s all-time high. Nasdaq is down 6% (8% intraday this morning.) Broader market is barely feeling this (yet?)
Thank you for confirming my must less experienced vibe on the current market.I went from 0% to 30% cash while taking a dump this morning at 6:45am.
Kicked out most of the penny stocks that were green, got out of all EV related names completely. I'll stick with GBTC but am out of DMGGF as I had some nice profits there.
Going to mull some things over, but this morning spooked me and I'm not easily spooked, generally. When I see seagulls flying in my neighborhood, I know the Pacific is ushering in some ferocity to our valley. I feel like I saw some seagulls in the portfolio today.
LOL, I slept through it too. My average cost is $26.30, so only down 2% right now, it would need to drop quite a bit more from current price ($25.72) for me to average down.
Yeah, Dillard’s missed their revenue number last night and are up a few percent. They’re revenue was down 18% YoY and yet they are up double the S&P over the past year. ATHs, up 40% and your revenue is down 20% and maybe will never recover? I understand a lot of my tech stocks being frothy but they are growing like weeds top and bottom, so even if frothy right they should grow into and past the froth LT. A department store well above previous ATHs seems way more frothy. Do people think that people are going to just return to the mall in droves and spend more than ever? I sure don’t.
If it makes you feel any better, I also doubled my stake in BLDP with the pull back today. Thanks for that.
So all in all it was a positive trade. But a scary ride.
