(01-10-2022, 11:42 AM)vbin Wrote: Sold 60% position in ET bought Google with proceeds.I like that move. I still have plenty of cash but some of my conservative winners aren't off the table for a trim and flip to tech. Not just any tech, but rates don't scare me much with cash fat tech stocks.
SOXL dip is getting brutal. Might put a couple shares in the boat account just to get it in my face. We'll see if I upgrade or downgrade the motor soon. Might be shopping for a kayak and some nice oars instead.
Not to fear monger because it is pure speculation on my part, but technical support is failing on some of the lesser tech companies. I lived this when I was a kid and the margin calls come fast and furious. You have a day to come up with cash or brokerages start dumping accounts on the market at any price. This has nothing to do with APPL-GOOGL-MSFT, but it can take the legs out from under some pretty decent tech stocks for awhile. IMO some of the spec stocks and not so spec stocks are going to face Armageddon very soon, while the indexes are down 10% or less acting like it's no big deal, because it isn't to them.