Investing General Discussion

Always with that 3 o clock rug pull.

C'mon, you knew this was coming right?

Big Phoenix said:

Always with that 3 o clock rug pull.

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Until the sellers are made to pay for the sell, it will never stop.

Thiel teaming up with Trump.

Have you all been tracking NRGU at all?

Fogel said:

If there is anything the last year has taught me, its don't average down unless its an index

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Im about 99% in agreement on this. A few stocks I trust enough to dollar cost average. NVDA is one. It has burned me on occasion though.

Officially canceled. Should see a bump in stock price since this was supposed to be a stock dilution deal?

This might be a little long winded as my PSAs usually are. IF we are entering a new phase in the markets with lots of sidewise to slightly down action in a trough for an unforeseen amount of time then some of you who have never seen this type of action might need to adjust what you look for in investments. This would also include an adjustment of your expectations for returns. I am by no means declaring Tech and growth dead. My portfolio is built around both. But, never discount the possibility that they might get benched for a while as the market adjusts to a rising interest rate environment. The real question is how long will that adjustment period last.

As Lightning Lord Rule likes to point out, many of you probably did not experience the tech bubble burst. Its not just the rate and depth of the decline, its how long it took to recover. We are so conditioned by Fed accommodation that a correction is just a buying opportunity that lasts a few weeks or so.
The QQQ, the tech bellwether. If you bought on the way up in 1999 (not at the peak in 2000), You did not get back to even until late 2013. This is a rare event and hopefully we never see this again in our lifetimes. But beyond the tech crash, look at the recovery. It was years of slow sideways to up movements from 2002 to the crash in 2008. The days of 2% or 3% moves in the indexes just didnt happen like they are happening today.



Over the last 3 months compare QQQ to the SPY. SPY -5% and QQQ -11%



Now over the same 3 month period GD is up over 5%. I am sure most of you don't know who GD is. General Dynamics.




GD is a steady workhorse. After the Black Monday crash, it only broke its 200 DMA once in over a year. It makes lots of money for investors, pays a dividend and even at a 52-high is still "reasonably" priced based on earnings. It is never going to give you 30 or 40% stock price appreciation in a year. But when the market is going sidewise for an extended period of time, this is the type of stock that will help you not starve during the cold dark period. I am not saying buy GD, just using it as an example of stocks that you may normally ignore but might become valuable if the market shifts. When the indexes spend a year going flat, a 2 or 3% dividend doesnt look so shitty on a stock that is also giving you 4 or 5% in stock price that year.



tldr: Hope for the best, plan for the worst. It never hurts to broaden your horizons and look at stocks you haven't ever really considered before.

SPIR trying for $3 again
edit: Cracked it. Now to close above it.

$3.11
I have now cut half my loss. Less than $1 a share to go to break even.

FB now a few bucks from the high it had right before Coronachan plunge started. Either A> this company is seriously fucked or B> its a value we havent seen in a long time. I see $200 as the make or break line. That is probably where I either add to my position or bail.

edit: PYPL is at this same price milestone. Just below the high pre-Coronachan.

ABBV another new 52 high on drug approval.

Cross posting this

Looks like the rug pull getting an early jump today.