What Did You Buy Today?

[kblake]

(05-10-2021, 09:41 AM)ken-do-nim Wrote:

(02-25-2021, 10:25 AM)fenders53 Wrote:

(02-25-2021, 10:00 AM)divmenow Wrote: Bought some LDOS. Between the earnings miss and short report I haven’t seen it this low in a while. So I said why not lol. You in on this one too Fenders ?

I haven't researched it.  Hadn't heard of it until you and Otter were discussing it last week.  I am trying to not add too many more new names.  We'll see how long that lasts. 

What I need is for tech to get hammered for real again, but this market is resilient.

Very small trades this morning.  Added a few shares to DG-ARKF  Sold a few SLV puts.

(05-10-2021, 09:27 AM)kblake Wrote: Look at the hit TTD has taken. Wow!

Article on it.  It's almost like the market is allergic to good earnings from a tech company.

And yet APD missing earnings and it went up $6 today lol 

We all know tech will come back strong. It always does. I actually may take a few positions today as initial positions. Long term they will be bog winners. You just have to deal with the short term 

[ken-do-nim]

I've been eyeing Trade Desk for months, so I will definitely pick some up later today. I just have to figure out what to liquidate to make funds available.

[fenders53]

A friend of mine subscribed to a service and did a 3x on ttd, fsly. Roku lvgo etc. Smart enough to cash out 75% before the beatdown commenced. Timing is everything when playing momo. There are do many bag holders in scores of stocks.

[crimsonghost747]

Added to BIP

[ken-do-nim]

I made a flurry of trades today over in the ROTH, skimming a bit off of the highest value funds and started lots of new positions:

BDRY (dry bulk shipping etf)
FAS (financial services etf, much larger holding over in the taxable but wanted a little representation here too)
BNKU (big banks etf)
NRGU (oil etf)
DDM (dow 30 etf)
GUSH (another oil etf)
SPXL (S&P 500 tripler; like FAS it's mostly in the taxable but I wanted some here too)
APPS (not an etf! Digital Turbine is a software company getting killed today)
LABU (I'm like an addict that keeps coming back but it's only 5 shares and it dipped into the 50s)
TTD (like Digital Turbine, Trade Desk is a software advertising firm getting killed today)

Also:
SOXL (bought more, it's on sale!)

[fenders53]

Strong rotation out of tech and spec today. Probably start nibbling tomorrow if it holds.

[vbin]

Bought oxy ws, closed my abnb put.

[Dividendwayfarer]

I added AVGO today (already regret on buying it too early)

[fenders53]

(05-10-2021, 04:31 PM)Dividendwayfarer Wrote: I added AVGO today (already regret on buying it too early)

If you mean too early in the day I hate that feeling too.  It's part of the game to buy stocks and they keep dropping but I hate it when waiting just a couple hours makes a difference.

I stayed completely off the buy trigger today.  Hopefully I can stick to the plan but I am going to try to stick to the higher quality growth for now.  A few shares only of the high PE spec no matter how much I like the narrative.  For all I know the bottom was today's close of course but many of the popular specs look to have resumed freefall and there is zero support in sight.  I'm not fearful AVGO is going to pullback 30% for no apparent reason, but there are a lot of spec stocks I consider good companies that could pullback worse than that.  I don't care if I jump early with small spec purchases but I'll take my chances on having to chase them up a bit to finish a position.  I see little risk of that outcome at the moment.

[ken-do-nim]

About a month ago, the sky was falling for 2 days, and many of my ETFs went down past my trigger point. I sold NAIL, which turned out to be a huge mistake. The problem is that the fundamentals were sound; people are building new homes and making home improvements at a high rate. Sure enough, NAIL recovered quickly afterwards (which I capitalized on in the ROTH). With Apple, Microsoft, BroadCom, and the other chip stocks, I maintain that the fundamentals are sound; demand for chips is off the charts, phones are selling, etc. So I decided to stay my ground and endure the drawdown today.

The weird thing is that for most of the day, I was down just a $1000 or so, because I'm pretty diversified at this point. But somewhere after 3 pm the sky fell and I ended up down over $9000 at close. Nervous about tomorrow. But you know, I looked back at 2020. I had a terrific year, but I had 4 down months. Whole months, not weeks.

[fenders53]

Chips will be fine though it may take longer than we once thought. Indexes are near ATH. The only thing broken is spec with high or no PE. They are technically broken and there is no obvious bottom. Some of them may not fully recover for years or never if they miss growth targets. There are many with an entire port full of those and crypto. Major indexes aren't cheap but reasonable enough. The market is very efficiently clearing up excesses. It's healthy actually. If one put all their eggs in the gambling basket then they will learn their lesson. Along with those who averaged down with no rules.

A lot of these are names we traded here a few months ago. What I didn't see here was anybody averaging down 10 times with an inappropriate percentage of our port. That is how you devastate your port. I was distracted buying crashing UTEs. That's not the same risk level. I think we have learned how to live to fight next quarter or year. Each in our own way.

I was absolutely certain you would get your face torn off if we didn't talk you into curbing your tech enthusiasm. It's rare when diversification doesn't come in handy at least a few times a year.

[divmenow]

It’s all over. The crash of 1929 is coming to a theater near you. Sell it all before you don’t have a penny left ??.

I will be buying today just a few names to nibble on. I guess all you PLTR lovers must love these prices to get in now at the $16 level.

UTES, sin stocks and gold are going to lead this market higher. Do they have a 3x etf for those ?

AMZN hoping for a price under $3k .