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05-11-2021, 09:15 AM
(This post was last modified: 05-11-2021, 09:21 AM by fenders53.)
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(05-11-2021, 09:14 AM)EricL Wrote: (05-11-2021, 08:53 AM)divmenow Wrote: (05-11-2021, 08:45 AM)EricL Wrote: I don't think we've seen anything yet regarding price drops in high flyers. Many of the high growth stocks are still in the stratosphere as far as valuation goes, and many were run up on playing the out of the money call option game, so there isn't really much solid fundamental support below them.
Stocks like those in streaming, the genomic sector, cloud computing, software, etc. are still trading at 20-30X revenues with no earnings. Keep in mind the massive leverage in the system as well. IIRC margin use is at an all-time high.
You get a fund or two (ARKK maybe) blow like Archegos did a month ago and it's all going to come crashing down hard.
Another day or two sell-off and Friday could get awfully interesting when margin calls go out.
If that's the case then why did you buy all those name like CRSP, and others near the highs if you knew they were over valued  I know you sold them, but you took losses on most and then went in those other names like ENPH at much higher levels. You have a itchy trigger finger just like me lol
Of course there over valued. But you buy them for the future. At least ENPH is making money and I didn't buy at $220 lol. I can deal with $109
And you know how I feel about ARKK. Will never buy her funds or ETF's. All she does is add the momo stocks and doesn't care at what price. Its the same names over and over again. Maybe one day she will catch the bottom 
I bought CRSP and similar names because they were going higher. I sold them because they started falling, and when I realized there is no way to value them other than a hope for future earnings that may never come.
I added more to ENPH and SEDG because they actually are making money and I think the trend for more solar installations will continue. I was early adding more to them, and they are still a bit expensive, but I am more comfortable holding them during price drops than the genome stocks that had no earnings.
This has been another important lesson to me about momo-investing and trading. I'm not terribly good at it, and I am reminded how I hate the uncertainty that goes with it. Which is why I do it in a smaller side portfolio so I can't screw things up too badly.
DGI is much more aligned with my personality, and I'm thankful it makes up the vast majority of my investments.
I hear you Eric. Stick with what you know and are good at.
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(05-11-2021, 09:14 AM)EricL Wrote: (05-11-2021, 08:53 AM)divmenow Wrote: (05-11-2021, 08:45 AM)EricL Wrote: I don't think we've seen anything yet regarding price drops in high flyers. Many of the high growth stocks are still in the stratosphere as far as valuation goes, and many were run up on playing the out of the money call option game, so there isn't really much solid fundamental support below them.
Stocks like those in streaming, the genomic sector, cloud computing, software, etc. are still trading at 20-30X revenues with no earnings. Keep in mind the massive leverage in the system as well. IIRC margin use is at an all-time high.
You get a fund or two (ARKK maybe) blow like Archegos did a month ago and it's all going to come crashing down hard.
Another day or two sell-off and Friday could get awfully interesting when margin calls go out.
If that's the case then why did you buy all those name like CRSP, and others near the highs if you knew they were over valued I know you sold them, but you took losses on most and then went in those other names like ENPH at much higher levels. You have a itchy trigger finger just like me lol
Of course there over valued. But you buy them for the future. At least ENPH is making money and I didn't buy at $220 lol. I can deal with $109
And you know how I feel about ARKK. Will never buy her funds or ETF's. All she does is add the momo stocks and doesn't care at what price. Its the same names over and over again. Maybe one day she will catch the bottom
I bought CRSP and similar names because they were going higher. I sold them because they started falling, and when I realized there is no way to value them other than a hope for future earnings that may never come.
I added more to ENPH and SEDG because they actually are making money and I think the trend for more solar installations will continue. I was early adding more to them, and they are still a bit expensive, but I am more comfortable holding them during price drops than the genome stocks that had no earnings.
This has been another important lesson to me about momo-investing and trading. I'm not terribly good at it, and I am reminded how I hate the uncertainty that goes with it. Which is why I do it in a smaller side portfolio so I can't screw things up too badly.
DGI is much more aligned with my personality, and I'm thankful it makes up the vast majority of my investments.
DGI gets boring some years and you have done more than fine with your trading account as near as I can tell. It's all about proper asset allocation IMO, and my opinion is right on this matter. Will it be life changing if your spec gets cut in half and never recovers? I didn't think so. 
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My RUN limit order hit so added. Sold a UA put. Guess that is my spec play for the day. I like UA for the midterm when things settle down a bit.
Any thoughts on any of the test kit companies within medical devices? Testing for variants is going to be happening for years to come? Any ideas?
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(05-11-2021, 09:42 AM)fenders53 Wrote: My RUN limit order hit so added. Sold a UA put. Guess that is my spec play for the day. I like UA for the midterm when things settle down a bit.
Where were you when UA was under $8 and everyone hated it lol. Now its loved again. Look out below
As long as the teenagers run back to it and puts it in favor again. But my kids prefer Nike, Adidas, Sketchers and then Under Armor a distant 4th. Its still hated by lots of kids and out of favor. I'm not sure it will ever become the #1 or #2 choice again
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05-11-2021, 10:00 AM
(This post was last modified: 05-11-2021, 10:01 AM by fenders53.)
(05-11-2021, 09:12 AM)divmenow Wrote: (05-11-2021, 09:08 AM)fenders53 Wrote: (05-11-2021, 09:06 AM)divmenow Wrote: (05-11-2021, 09:00 AM)fenders53 Wrote: (05-11-2021, 08:47 AM)divmenow Wrote: Way to go... . Join the ENPH club lol
I also took a new position in PXD thanks to the secondary at $153
I needed to add another name in the sector to go along with CVX and EOG
now the only other sector I'm underweight in is leisure
Dude I am a charter member of ENPH. I made a few hundred a month the past year selling short puts while it ran. I have a few short puts that are WAY in the money after this bloodbath. I can only roll forward so much before I own $140 shares. I said here many times I was good with adding a real position starting at $125. If I am honest I need ENPH to head back to $120ish to be back to even. I wasn;t aggressive enough when it was truly cheap. I'll add shares to my growthy port in the meantime.
Yeah yeah. What ever floats your boat lol
I am very good with owning ENPH long-term. How happy I am in the end very much depends on the entry. We'll see where the bottom is soon enough.
Well me too. Got in at $108.90
This will be a big winner for years to come. You have to add at some point, so why not today. I don't worry about making a few $ here and there . I'm in to win it lol
Are we having fun today
(05-11-2021, 09:50 AM)stockguru Wrote: (05-11-2021, 09:42 AM)fenders53 Wrote: My RUN limit order hit so added. Sold a UA put. Guess that is my spec play for the day. I like UA for the midterm when things settle down a bit.
Where were you when UA was under $8 and everyone hated it lol. Now its loved again. Look out below
As long as the teenagers run back to it and puts it in favor again. But my kids prefer Nike, Adidas, Sketchers and then Under Armor a distant 4th. Its still hated by lots of kids and out of favor. I'm not sure it will ever become the #1 or #2 choice again
And where were you when VSTO was trading sub $20 and I was pounding the table? I love this place. I did trade a lot of solar way way cheaper but sold out because you know I get nervous about valuation. I don't even want to admit what I sold FAN and TAN for, but it was May 2020 and that was another era.
RUN has a chance. Half of the hyped solar stocks are in the hole so bad with a bad balance sheet and they will struggle if it doesn't go perfect.
All jokes aside 75% of my green money is in the correct UTEs, and CSIQ. Love my dividends and they are profitable now.
I'm not concerned if UA becomes #1. It's an income play and they will be range bound for the forseeable future which works fine for me.
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(05-11-2021, 09:47 AM)2R45 Wrote: Any thoughts on any of the test kit companies within medical devices? Testing for variants is going to be happening for years to come? Any ideas?
ABT and TMO have done very well for me. Not sure about smaller players
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Bought more oxy Warrents this morning.
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(05-11-2021, 09:47 AM)2R45 Wrote: Any thoughts on any of the test kit companies within medical devices? Testing for variants is going to be happening for years to come? Any ideas?
HOLX, PKI, LH and TMO
Love them all
I don't buy the little guys as there very risky.
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05-11-2021, 10:06 AM
(This post was last modified: 05-11-2021, 10:07 AM by fenders53.)
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