What Did You Buy Today?

[fenders53]

(02-26-2021, 10:18 AM)EricL Wrote:

(02-26-2021, 10:12 AM)stockguru Wrote:

(01-07-2021, 10:42 AM)EricL Wrote:

(12-31-2020, 10:41 AM)EricL Wrote: In my trading IRA I sold out of my positions in MO and COR and used the proceeds to add to GBTC and open new positions in CRSP, EDIT, NTLA, NVTA, and PACB.

One week later.

GBTC +42.6%
NTLA +37.7%
PACB +24.0%
EDIT +20.0%
CRSP +19.7%
NVTA +5.0%

This market is loco.

Hey Eric,

How are you doing on these holdings now? These names have been getting whacked of late. Are you still up or down and are you adding?

Thanks

Yeah, I've gotten whacked too. A good reminder why I chose dividend growth investing over speculative growth investing for my main public portfolio, and do the speculative trading on the side in a smaller IRA.

I'm still up 33% on GBTC, 18% on PACB and 5% on NTLA, but the others all turned to losses.

A trader I am not.

Nor am I.  I enjoy swing trading as long as I can rely on some valuation to keep my from worrying about it if I end up needing to hold.  The market is not attracted to fundamental valuation, and hasn't been for awhile.  For 100s of companies,  share prices are currently just random numbers that come with a narrative.  You often have to be willing to sell in a couple days as the gamblers abandon a position for the next story of the week.  I'm not good at knowing when to jump.  

It does make it harder to deploy new funds in actual long-term investments.  There is always a sector down somewhere though.  I still enjoy reading about the trading of specs here.  I'll play just a little, but rarely with much money.

Added a few more shares to TSM today.  Earnings dip opportunities are starting to get reliable, even when those numbers are good.  Except when it isn't.  I traded TXRH a month ago though I thought it was ahead of itself.  It ran up 10pts more fairly quick, significantly missed earnings, then ran up another 7% or so for a few days.  I closed position while I could.