What I Am Buying Today.

[fenders53]

(01-19-2022, 03:42 PM)MrFortune Wrote:

(01-19-2022, 12:48 PM)fenders53 Wrote:

(01-19-2022, 09:32 AM)stockguru Wrote:

(01-18-2022, 06:19 PM)fenders53 Wrote:

(01-18-2022, 05:59 PM)stockguru Wrote: Run new 52 week low Fenders

You know how much I care about your every inspirational word. What does this cryptic message even mean Yoda?  Are you telling me I should seek out crap?

Well you own RUN. Just wondering what your doing with the name. Doesn't seem like a Fenders type stock lol. Not even making money you know 

This one gets a double response.  Here's another shot for you to pour some salt in my solar wounds.  I just got exercised and now own another 100 shares of RUN at a much higher price than current.  Gotta love a position that is down 20 points on day one.  Oh well, it's just getting started as I have more puts sold in the sector.  On paper anyway I have given up all of my 2020-21 solar profits.  Not giving up lol.  I am glad I sold almost all of my smaller cap high valuation stocks before they got crushed.

Ken, you ever watch the real-time ticker for SOXL?  I recommend you don't lol.  Oh my it's crazy how fast it moves.  I caught a couple shares at the days low before it shot up 4% in minutes.  It's a tiny position and I'm just entertaining myself but my retirement boat could gain or lose some accessories based on how it goes.

 SOXL... Its headed back to $38. Should have waited but your 2 shares not really going to hurt you 

Tech is in for a lot more pain. With the fed behind the 8 ball they must raise 4-5 times this year. That's not good for growth and over valued tech names.

Look at Gold and Silver up bug today. That should give you a indication where this market is heading lol

LOL, I don't know where it's going in the short-term.  Two shares is about $100 so I thought I would try to learn how to trade it.  I think I have about a dozen shares after today,  I'll buy a few more dips and watch how it moves.  I don't own enough to worry about a stop loss or any risk management.  The only way I could ever own a large position is after a serious market meltdown.  I'd still be taking profits when I could.  

I agree with you on overvalued tech names, but I don't see too many sectors that are actually undervalued so there is no place to hide.  I don't care what the media is saying this quarter.  Banks, utilities and your favorite ketchup company could drop 30% in a rough market.  We've all seen it happen before.  Diversification and some cash is where I'll placing my bet.  I've purchased FB 13 times since late OCT.  I'm up, and it's only because I am being careful not to chase.  There is plenty of tech that isn't as overvalued as some of the no/slow growth stuff (with debt), that the stock the market is flocking to right now.