08-31-2021, 09:37 AM
[quote pid='28431' dateline='1630343698']
Bring it on. I'm sitting on 40% cash so I am waiting for those buying opportunities. $5-$10 moves in some of these stocks doesn't even entice me
. I need huge moves down.
Those who are sitting on no cash or few cash are going to get hurt sooner or later. That mentality of buy high and keep buying higher will catch up to you soon enough.
I have trimmed a lot of names in recent days. I'm not giving it back and will wait patiently for once . I have done very few buying the past 6 weeks.
Glad I added a lot of BX at that $110-$111 range on that pullback
BMY waiting on $64
Have been adding to NUSI and ABBV below $112 and CVX below $95 for a place to earn income while I wait for better opportunities
That's about all for me. Not much else going on.
[/quote]
I am hoping for a 5% market dip because that means some good companies will pull back 10%. 80% of the stocks I love are easily 20% overvalued. If you are 30 and dollar cost averaging a forever port then it may be just fine to nibble NVDA and MSFT, but it's a horrible time to add a bunch of shares because you are afraid to miss a run.
Biggest problem I have now is 1/3 of my game is selling options. I have a lot of expirations every Friday so I am fat on cash every Monday. Just nowhere to put all of it some weeks until we get a dip. I've also trimmed small positions to reduce the excessive tickers. That's all good until they run another 10% but so far no regrets. It's not my intent to hold a huge amount of cash but that is where I am creeping towards.
About seven consecutive up months and end of 2020 wasn't so bad before that. I am shocked one of the best SPY runs in history occurs during a pandemic. Liquidity is always a powerful force but I never dreamed this could happen.
(08-30-2021, 08:01 AM)fenders53 Wrote: We'd probably be better off if we could get a 5% SPY/QQQ dip out of the way soon. Powell keeps talking the market out of it. Gradually getting us used to the idea of tapering so it won't be much of a event. We may just keep on gradually climbing until we get something more substantial to worry about.
Bring it on. I'm sitting on 40% cash so I am waiting for those buying opportunities. $5-$10 moves in some of these stocks doesn't even entice me
. I need huge moves down.Those who are sitting on no cash or few cash are going to get hurt sooner or later. That mentality of buy high and keep buying higher will catch up to you soon enough.
I have trimmed a lot of names in recent days. I'm not giving it back and will wait patiently for once
. I have done very few buying the past 6 weeks. Glad I added a lot of BX at that $110-$111 range on that pullback
BMY waiting on $64
Have been adding to NUSI and ABBV below $112 and CVX below $95 for a place to earn income while I wait for better opportunities
That's about all for me. Not much else going on.
[/quote]
I am hoping for a 5% market dip because that means some good companies will pull back 10%. 80% of the stocks I love are easily 20% overvalued. If you are 30 and dollar cost averaging a forever port then it may be just fine to nibble NVDA and MSFT, but it's a horrible time to add a bunch of shares because you are afraid to miss a run.
Biggest problem I have now is 1/3 of my game is selling options. I have a lot of expirations every Friday so I am fat on cash every Monday. Just nowhere to put all of it some weeks until we get a dip. I've also trimmed small positions to reduce the excessive tickers. That's all good until they run another 10% but so far no regrets. It's not my intent to hold a huge amount of cash but that is where I am creeping towards.
About seven consecutive up months and end of 2020 wasn't so bad before that. I am shocked one of the best SPY runs in history occurs during a pandemic. Liquidity is always a powerful force but I never dreamed this could happen.