(02-25-2021, 01:27 PM)ken-do-nim Wrote: It's been a tough couple of weeks.  I peeked a few minutes ago SOXL is down $100 points.  I may have to simply not look again until mid-March if I can help it.

(02-25-2021, 02:19 PM)ken-do-nim Wrote: Here's where I run into my taxation problem.  This is all in taxable accounts.  Remember when I made the mistake of doing some rebalancing earlier this year, forgetting that it's the taxable and not the ROTH?  And it was a short-term gain too.  SOXL likewise if I sold right now would be a short-term gain, and I'm supposed to be selling off a lot of my company stock which although a long-term gain I need to do in large amounts.

I think I'll just live through this.  Back last March I watched TECL drop from $330 to $80 per share in my ROTH.  It hurt, but it was back in 4 months.

(02-25-2021, 02:46 PM)fenders53 Wrote:

(02-25-2021, 02:19 PM)ken-do-nim Wrote: Here's where I run into my taxation problem.  This is all in taxable accounts.  Remember when I made the mistake of doing some rebalancing earlier this year, forgetting that it's the taxable and not the ROTH?  And it was a short-term gain too.  SOXL likewise if I sold right now would be a short-term gain, and I'm supposed to be selling off a lot of my company stock which although a long-term gain I need to do in large amounts.

I think I'll just live through this.  Back last March I watched TECL drop from $330 to $80 per share in my ROTH.  It hurt, but it was back in 4 months.

You gotta do what makes sense for you.  I'll be surprised if chips aren't in good shape in a few months.  SOXX definitely isn't speculative junk.  The very best comprise the majority.  There is already a chip shortage and 5G will start bringing smart everything to the home.  Things might be fine in a few weeks for all we know.  I'm not expecting a sharp bounce higher in days but you never know.  The market will just have accept rates aren't staying at near zero forever while we print trillions of new dollars without so severe FED intervention.  Historically these rates are nothing like high anyway.  The market is just spoiled and ran valuations up.  Companies that already refinanced their bonds are going to be glad they did.  The rest will have to adjust.  Balance sheets matter eventually.

(02-25-2021, 04:10 PM)ken-do-nim Wrote:

(02-25-2021, 02:46 PM)fenders53 Wrote:

(02-25-2021, 02:19 PM)ken-do-nim Wrote: Here's where I run into my taxation problem.  This is all in taxable accounts.  Remember when I made the mistake of doing some rebalancing earlier this year, forgetting that it's the taxable and not the ROTH?  And it was a short-term gain too.  SOXL likewise if I sold right now would be a short-term gain, and I'm supposed to be selling off a lot of my company stock which although a long-term gain I need to do in large amounts.

I think I'll just live through this.  Back last March I watched TECL drop from $330 to $80 per share in my ROTH.  It hurt, but it was back in 4 months.

You gotta do what makes sense for you.  I'll be surprised if chips aren't in good shape in a few months.  SOXX definitely isn't speculative junk.  The very best comprise the majority.  There is already a chip shortage and 5G will start bringing smart everything to the home.  Things might be fine in a few weeks for all we know.  I'm not expecting a sharp bounce higher in days but you never know.  The market will just have accept rates aren't staying at near zero forever while we print trillions of new dollars without so severe FED intervention.  Historically these rates are nothing like high anyway.  The market is just spoiled and ran valuations up.  Companies that already refinanced their bonds are going to be glad they did.  The rest will have to adjust.  Balance sheets matter eventually.

My thoughts as well with regards to the chip shortage and "internet of things".  This isn't like the dot com crash of the early 2000s; these tech companies make lots of money.

So ... I will go back to my strategy of not looking until mid March.  See you all in 3 weeks 

(02-25-2021, 07:59 PM)fenders53 Wrote:

(02-25-2021, 04:10 PM)ken-do-nim Wrote:

(02-25-2021, 02:46 PM)fenders53 Wrote:

(02-25-2021, 02:19 PM)ken-do-nim Wrote: Here's where I run into my taxation problem.  This is all in taxable accounts.  Remember when I made the mistake of doing some rebalancing earlier this year, forgetting that it's the taxable and not the ROTH?  And it was a short-term gain too.  SOXL likewise if I sold right now would be a short-term gain, and I'm supposed to be selling off a lot of my company stock which although a long-term gain I need to do in large amounts.

I think I'll just live through this.  Back last March I watched TECL drop from $330 to $80 per share in my ROTH.  It hurt, but it was back in 4 months.

You gotta do what makes sense for you.  I'll be surprised if chips aren't in good shape in a few months.  SOXX definitely isn't speculative junk.  The very best comprise the majority.  There is already a chip shortage and 5G will start bringing smart everything to the home.  Things might be fine in a few weeks for all we know.  I'm not expecting a sharp bounce higher in days but you never know.  The market will just have accept rates aren't staying at near zero forever while we print trillions of new dollars without so severe FED intervention.  Historically these rates are nothing like high anyway.  The market is just spoiled and ran valuations up.  Companies that already refinanced their bonds are going to be glad they did.  The rest will have to adjust.  Balance sheets matter eventually.

My thoughts as well with regards to the chip shortage and "internet of things".  This isn't like the dot com crash of the early 2000s; these tech companies make lots of money.

So ... I will go back to my strategy of not looking until mid March.  See you all in 3 weeks 

Oh there is plenty of dotcom level foolishness going on right now lol, but that isn't SOXX.  SOXX is very heavy into the good stuff as you know.  You have three weeks to sort out your portfolio allocation for new money.  I wouldn't suggest you match your port to mine, but trapped in a 3X leveraged fund due to taxes, and getting your face tore off when no major index is anywhere near down 10% doesn't need to happen.  Your new IRA is going to make it a LOT easier to dodge some pain if you choose to gamble some.

(01-07-2021, 10:42 AM)EricL Wrote:

(12-31-2020, 10:41 AM)EricL Wrote: In my trading IRA I sold out of my positions in MO and COR and used the proceeds to add to GBTC and open new positions in CRSP, EDIT, NTLA, NVTA, and PACB.

One week later.

GBTC +42.6%
NTLA +37.7%
PACB +24.0%
EDIT +20.0%
CRSP +19.7%
NVTA +5.0%

This market is loco.

(02-26-2021, 10:12 AM)stockguru Wrote:

(01-07-2021, 10:42 AM)EricL Wrote:

(12-31-2020, 10:41 AM)EricL Wrote: In my trading IRA I sold out of my positions in MO and COR and used the proceeds to add to GBTC and open new positions in CRSP, EDIT, NTLA, NVTA, and PACB.

One week later.

GBTC +42.6%
NTLA +37.7%
PACB +24.0%
EDIT +20.0%
CRSP +19.7%
NVTA +5.0%

This market is loco.

Hey Eric,

How are you doing on these holdings now? These names have been getting whacked of late. Are you still up or down and are you adding?

Thanks

(02-26-2021, 10:18 AM)EricL Wrote:

(02-26-2021, 10:12 AM)stockguru Wrote:

(01-07-2021, 10:42 AM)EricL Wrote:

(12-31-2020, 10:41 AM)EricL Wrote: In my trading IRA I sold out of my positions in MO and COR and used the proceeds to add to GBTC and open new positions in CRSP, EDIT, NTLA, NVTA, and PACB.

One week later.

GBTC +42.6%
NTLA +37.7%
PACB +24.0%
EDIT +20.0%
CRSP +19.7%
NVTA +5.0%

This market is loco.

Hey Eric,

How are you doing on these holdings now? These names have been getting whacked of late. Are you still up or down and are you adding?

Thanks

Yeah, I've gotten whacked too. A good reminder why I chose dividend growth investing over speculative growth investing for my main public portfolio, and do the speculative trading on the side in a smaller IRA.

I'm still up 33% on GBTC, 18% on PACB and 5% on NTLA, but the others all turned to losses.

A trader I am not.