S&P 2/25/20 3,238 today 6450
NASDAQ then **8965 (corrected number) today 21,615
(Edited to correct the historical level of OP first post on the thread. Thanks to @SAJ-99 for the correction)
Last edited:
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
S&P 2/25/20 3,238 today 6450
NASDAQ then **8965 (corrected number) today 21,615
(Edited to correct the historical level of OP first post on the thread. Thanks to @SAJ-99 for the correction)
SAJ-99
Well-known member
I think you added a 1 to the starting number.
SD_Prairie_Goat
Well-known member
Now we're talking numbers I can understand!
jryoung
Well-known member
Guess I shouldn't have ignored that alert last week at sub $250.
SAJ-99
Well-known member
Reducing risk asset today. Hard to find anything to buy.
jryoung
Well-known member
You've been saying that for months....and it was an echo in my head when I took a look at UNH.
SAJ-99
Well-known member
Your first rule should be don’t listen to me. I don’t broadcast much. I have been slowly pairing down positions and selling calls on things added during selloff in April. Went from 80/20 to closer to 60/40 now. Most long positions I am adding now are in options to limit risk. Went long UNH 10days ago. Long Rio Tinto, Berkshire, both meh. Short semiconductors. Lost a little there. Like I said. Harder to find things to buy, even other garbage names to take a flyer on. Target TGT? Need to hold my nose to buy that, so it fits the definition. Mad at missing the short in TTD. PLTR is trying to lure me into a short.You've been saying that for months....and it was an echo in my head when I took a look at UNH.
thusby
Well-known member
Shorting SYM seems smart now.
SAJ-99
Well-known member
Staying with a defensive tilt for now. Any bets will be with options to define risk. Fed cut was expected but equities still jump, valuations are ignored. It seems everyone wants a bubble and is on board for it. I'm out next week so I would expect some big, unexpected news to happen. Always does when I am on vacation.
Was long ZM on earnings yesterday. I remain long VEEV into earnings next week but I have a feeling I'm going to regret that.
On the economic front, the dollar weakness is the key no one is talking about. It hurts the US consumer and helps the earnings of corporations with intl sales. Even without tariffs, the dollar has cut the purchasing power on imports by 10% YTD. This seems like the grand plan - get US consumers to buy less by taxing/increasing the prices of imports and manufacture/export more. The first half of that is easier and faster than the second. Time becomes a drag and stagflation is a larger risk. I remain overweight foreign stocks.
Was long ZM on earnings yesterday. I remain long VEEV into earnings next week but I have a feeling I'm going to regret that.
On the economic front, the dollar weakness is the key no one is talking about. It hurts the US consumer and helps the earnings of corporations with intl sales. Even without tariffs, the dollar has cut the purchasing power on imports by 10% YTD. This seems like the grand plan - get US consumers to buy less by taxing/increasing the prices of imports and manufacture/export more. The first half of that is easier and faster than the second. Time becomes a drag and stagflation is a larger risk. I remain overweight foreign stocks.
jryoung
Well-known member
My buddy recently stayed a night in Winnemucca at some roach motel because everything was booked. Work trucks everywhere, the parking lot at the Fairfield Suites was filled. Likely all workers at Thacker Pass lithium mine. Yesterday the DOE says they are reviewing their loan terms, figuring with the EV rhethroic it can't be good, but at the same time that contradicts the critical minerals rhethoric from this admin.
I've been picking it up here and there this year sub $2.75. Not sure how I feel about .gov equity stakes in companies as opposed to loan guarantees when it doesn't appear to be absolutely necessary.
I've been picking it up here and there this year sub $2.75. Not sure how I feel about .gov equity stakes in companies as opposed to loan guarantees when it doesn't appear to be absolutely necessary.
Irrelevant
Well-known member
Good for you. I purchased mine at like $12...
Another reason why I stopped trading.
SAJ-99
Well-known member
I remember owning this stock during COVID at $22 and selling at $26. Feeling good about that now. I used to joke about the ticker that it was the LA Clippers, then it started performing worse than the Clippers.
Like all mining companies, they appear to be really good at spending money. Apparently now they get to spend US tax dollars. Must have donated to the library. They have big lithium mine but this Administration doesn't really like EVs. It is supporting large-scale storage now?
jryoung
Well-known member
They had been spending taxpayer money through the LPO. This is just Captain Chaos rolling in creating more work for people. The language inconsistency is a head scratcher. Are friends of the Admin shareholders? Is this just Admin ADHD? Is the DOE social media manager making decisions?
Big Sky Guy
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- Joined
- Dec 10, 2018
- Messages
- 1,157
Andre Jikh (sp?) YouTuber theorized some believe this is so the government can covertly/subtly buy stablecoins and the companies are basically straw men? Somehow this is a theorized strategy to mitigate US debt by converting debt to stablecoins.
Seems confusing to me because pretty sure that is socialism?
SAJ-99
Well-known member
Everything is open for renegotiation these days. The mine won't even open for 3-4 years. It is hard to determine who is benefitting from the grift. That's what makes it a good grift.
I refuse to watch that stuff because every time I do my head wants to explode. The administration definitely wants more people in stable coins so they have to buy Tbills and it definitely wants to devalue the USD. This is the only part I get.
Gulf of America
Well-known member
Seems to be a big hit in communist Russia and China.
Straight Arrow
Well-known member
Where the heck is Sytes nowadays on any topic?
I miss that guy!
Bonasababy
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- Joined
- May 16, 2024
- Messages
- 1,966
Still loving my shift to more foreign equity funds!
same here. really confused lately
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