What Did You Buy Today?

[fenders53]

(02-17-2021, 10:29 AM)divmenow Wrote:

(02-17-2021, 10:10 AM)fenders53 Wrote:

(02-17-2021, 09:31 AM)divmenow Wrote: So I guess we have new leaders in the market now bidding up crap stocks like LDOS and getting big dips in AAPL, QCOM, LMT ect. This market is so whack. You have to be careful now in today’s market. Boy how things have changed, AAPL use to be loved. Now everyone is saying it’s going to $75 LMAO. Get real. I will be buying AAPL as soon as it dips below $130 today. Redit and all these chat boards are ruining the market and the good companies getting caught in the cross fire. Things could get really dangerous if this crap continues and will affect all of us and our retirement funds lol. I may just sell if all and buy CD’s. Anyone I just had to vent ??

So Hypemenow is complaining about all the hype?  Is this a sign of a market bubble top?  And where were you?  We've been worried lol.  

I am nibbling some garbage stocks to my growthy port today.  We aren't getting a major dip for awhile so I might as well get my January contribution done.   

QCOM and ARKG so far.

I avoid anything ARK related lol. I don't trust them. This fund and Kathy Woods is the biggest hype on the planet. Like the plague haha!! They are nothing but a trading company. All they do is trade in and out of stocks. I have them on my news feed and you will be amazed at all the losses they have been taken in companies in the past few weeks. One week they buy CRSP in the $190's range and a week later they sell the name 4 days out 5 repeatedly and lost $20-$30 a share where they purchased it. I can name a dozen other names they have done this too. Every day in fact they are trading in and out of stocks. This is not your typical ETF. Just be careful with that investment. I'm actually surprised you’re buying into it. Seems risky compared what you normally buy     If the market corrects this thing will take a beating. You would be better off buying T   
 
You know as well as I do. When it comes to funds and ETF'S. The biggest winners can easily become the biggest losers the next year   . I'm not trying to scare you lol. But ARK is one of the reason this market is the way it is today. Hype leads to excitement and that leads to big losses lol
 
And sure I hype certain names up lol, but those stocks don't need the hype. They do well no matter hyped or not. I normally get in before the hype begins. They hype after is just an added bonus lol
 
Note: ARK is like EF Hutton. When E.F. Hutton or in this case Cathy Woods) talks, people listen loL

You applauded when I bought some ARKG last month.    I am going to build a small position.  I suspect they'll run this one up too.  Whether I stick around or not we'll see.  I can't completely ignore the reality around me.  And yeah I don't do much actively managed ETF stuff.  You usually give it back next year.

I'll try to grab a few more shares of my chips today.  TSM and QCOM at least.  I need to lay off the UTEs for a few days.  I am pretty much where I wanted to be with them a year ago.  I am light on DUK so maybe I'll do a flip if they pull back more. UTE's are experiencing the knee jerk reaction to interest rates we knew was coming. They'll over-react like always.