Good chance it retests the low teens. I have a full position but a price of $212 - $213 would be s solid entry/add position.CRM on the downswing. Might be a prime time to buy more if you're onboard with it.
The big factor yesterday was with that bit 2% gain for the Nasdaq, it was about 50/50 advancers to decliners. Today we are green with only 35% advancers. I am sensing a disturbance in the force.My crappy performers so far for 2021:
2020 YE vs Yesterday close
KO (Down from 54.84->48.68)
LMT (Down from 354.98 -> 341.67)
PEP (Down from 148.30 -> 141.33)
VZ (Down from 58.75 -> 57.26)
Despite the above crapfest hit a new portfolio high yesterday thanks to QQQ, BABA, FB, AAPL LOW , MSFT and AMZN.
I'm sticking with the poor performers selling calls against them every month, even if they stay flat for the year should be able to make between 8-15% on them for the year from options.
Eager to see how the market reacts if we can hit 3900-3920 range on SPX over next week or two. Would not be surprising to see a gut check back to 3600 which would magically feel like a bargain for dip buyers when just a handful of weeks ago it would have been buying the top.
I like this website
Are you just now discovering it? WSB is prime free entertainment.
Are you just now discovering it? WSB is prime free entertainment.
The big factor yesterday was with that bit 2% gain for the Nasdaq, it was about 50/50 advancers to decliners. Today we are green with only 35% advancers. I am sensing a disturbance in the force.
Daaaamn, GHIV got down to $10.89 a bit ago.
This is why I am shopping names like PG and KMBDepends on what happens next, we have had a lot of names not participating like my crapfest list. We can then rotate without any significant decline in the market while tech cools off again. But you are right if it continues on without broad participation or rotation it would be a worrisome short term sign.
I have too much experience in south america to trust cash to a socialist government. No thanks.Saw this, thought of this thread. I haven't finished it yet.
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