What I Am Buying Today.

[EricL]

(01-05-2022, 02:47 PM)fenders53 Wrote:

(01-05-2022, 02:05 PM)MrFortune Wrote: MRNA new 6 month low

SQ new 52 week low

These stocks are still getting pounded. I should have bought puts lol

I may never see the levels I bought at for 5 years. Good thing its less then 20 shares each lol

I only have two stocks getting murdered, but I have a helluva lot more than 20 shares lol.  Both solar other than ENPH.  You want to see some real pain head over to youtube. Several guys I follow dragged legions of young sheep off the cliff with entire port full of IPOs and SPAC they paid 300% too much for.  Probably getting harder to sell their "How to trade stocks like a fool" courses.  It's been painful watching them average down for nine months.  That'll teach them for mocking my boring boomer stocks.  

The end of the week could get interesting. Many of these stocks are still trading at insane valuations and are far from cheap.

There is a ton of leverage in these high beta names. If forced selling becomes an issue following margin calls on a big player or two, we could see some fireworks.