SeanDoe1z1
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But now we're a lot more connected, stretching the pitfalls of group-think that much further..
Investing General Discussion
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Fogel
Mr. Poopybutthole
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Fogel
Mr. Poopybutthole
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Blazin
Creative Title
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In part, I'm well ahead of goals and that becomes another consideration. When entering/exiting trades always weighing the evidence to gauge Risk/Reward. Given the markets current position I'd rather take my index Trades off the table, and look for a better set up. Rode the election run up and exited around SPX 3550 but when I saw the bull flag forming, rising interest rates, laggards running, to name a few, I decided the risk reward was still favorable so road it up to today at 3690. My read would be that this could and will likely continue a little more (~3720).
I tend to lighten up on trades once we hit 11-13% over the 200dma, today's further review of data was looking for reasons to stay long on those trades beyond the 17% we are at today and I just decided that the probability of remaining upside was not sufficient to keep me long on them any further, not that I'm now overly bearish.
I still have more than $500k in the market (LT retirement investment) so I don't feel I'm in a position where if we make an unprecedented move upwards say to 3800-4000 in the next 45 days that I would feel like I was missing out. In my trading account I still hold: AAPL, JNJ, KO, LMT, LOW, MSFT, PEP, and VZ .
The market in the coming weeks when this run is over will either consolidate sideways or we may see some more substantial pullback and I'll be lining up ways to respond to either of those outcomes. Without a clear setup and the upper end of a move I try to position myself to equally pleased with a move in either direction. Enough cash to want a pullback and enough equity to be pleased when they climb.
A pullback to mid 3500s would have me nibbling, I'd become more aggressive near 3400. Lots and Lots of things to be watching in the near term, we know bankruptcies are likely to rise and I'll be watching spreads in the credit market to see how it is absorbing that. Today's job number is insufficient and is likely to continue to be so until we are clear of the virus. We need to see how markets begin to respond to flatlining data. Politically the two senate seats in GA are a concern and could act as a catalyst.
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Big Phoenix
Pronouns: zie/zhem/zer
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I appreciated you showcasing this stock, I bought it first time you mentioned it, then I think I sold it for some reason, and bought it again early November when you brought it back up on the radar and held it since. I appreciate you sharing your researching on all the stocks you bring up, keep it up plz.
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Sanrith Descartes
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No problem. Just remember to remit my 1% advising fee at the end of the year. Just multiply your total account balance by 0.01 and Venmo me the amount.
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Wingz
Being Poor Sucks.
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I was going to do the same but held it because I was on vacation this week so I didn't go into trading much of anything. Looking forward to the bit of bump. May hold on a bit more to see if it goes higher.
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Sanrith Descartes
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Peter Thiel Says Covid Marks 21st Century’s True Start. SPAC Boom, Surging EV Stocks Are A Sign
There's been a rush of public listings by companies that won't have meaningful revenue for years but the billionaire tech investor is excited about a broader transformation.
www.forbes.com
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Big Phoenix
Pronouns: zie/zhem/zer
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Surely they realize society cant sustain itself on niche tech companies right?Peter Thiel Says Covid Marks 21st Century’s True Start. SPAC Boom, Surging EV Stocks Are A Sign
There's been a rush of public listings by companies that won't have meaningful revenue for years but the billionaire tech investor is excited about a broader transformation.
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Flobee
Vyemm Raider
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COVID essentially killed many traditional business models and forced most businesses to fully invest in their virtual presence. it is the birth of a new economy even if that is terrible news. He's right. We'll never go back to pre-COVID and I think that's his point.
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Sanrith Descartes
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I won't 100% agree they had to shift to a virtual model, but they most certainly had to shift to a new model. Example, all of the McDonald's near my business are owned by the same franchisee. Even though he is allowed to have indoor seating, he is still shutdown for inside dining. By comparison the BKs around him are open inside. Only time will tell if the savings in labor cost and liability insurance will compensate for change in revenue at the McD.
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Sanrith Descartes
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Wingz
Being Poor Sucks.
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Playboy SPAC "MCAC" comes on the scene.
finance.yahoo.com
Not Your Dad’s Playboy: PLBY Group Will Turn Heads
Playboy Enterprises to merge with Mountain Crest Acquisition Corp (ticker: MCAC) Company name to change to PLBY Group, Inc., to trade under “PLBY” on Nasdaq Ebitda forecast to quadruple to $100 million by 2025 SPAC share price implies enterprise value of 10.3x 2021 Ebitda, well below comps...
Sanrith Descartes
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This is the type of shit that gives SPACs a bad name. What a great business model Playboy has. SMH. Its why due diligence is extra important for SPACs. Depending on the structure, Founders can make bank even if the underlying deal is shit for investors. Its why the SPACs now charging a "fee" to exchange warrants for shares. Trash, boiler room shit.Playboy SPAC "MCAC" comes on the scene.
Not Your Dad’s Playboy: PLBY Group Will Turn Heads
Playboy Enterprises to merge with Mountain Crest Acquisition Corp (ticker: MCAC) Company name to change to PLBY Group, Inc., to trade under “PLBY” on Nasdaq Ebitda forecast to quadruple to $100 million by 2025 SPAC share price implies enterprise value of 10.3x 2021 Ebitda, well below comps...
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Playboy SPAC "MCAC" cums on the scene.
Not Your Dad’s Playboy: PLBY Group Will Turn Heads
Playboy Enterprises to merge with Mountain Crest Acquisition Corp (ticker: MCAC) Company name to change to PLBY Group, Inc., to trade under “PLBY” on Nasdaq Ebitda forecast to quadruple to $100 million by 2025 SPAC share price implies enterprise value of 10.3x 2021 Ebitda, well below comps...
FIFY
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Sanrith Descartes
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