2008/2009, 2018, and 2020 taught me to keep buying and take advantage of all corrections/crashes. The worse buying feels, the better you will do in the long run. The vast majority of people that tried to "time" the bottom in 2008/2009 and 2020 missed out big time (including many in the thread).
I like the technical set up for PLTR. They are a buzzy company that reportedly turned in a positive quarter. Looks like a good short term solution play. Long term, they have all of their contracts renewing in the next yr and a half.
agree on all counts except me:) you can never pick the top or bottom but you want to be in before the change
Just a rotation out of defensive, nothing more. UNH is a great long hold. JNJ should be stronger after the split. The best pharma/HC play is PRHSX. Insurance companies are fine, but it is very dangerous to hold individual pharma/biotech, even the big boys (due to the nature of the business and regulatory process).
Brought both IYH and PRHSX. IYH has several stocks that I have already and PRHSX for the biotech play. They might go lower but will buy more.
In retirement, I tend to avoid individual stocks, more and more, even in my "fun" account. ETFs are best, at this point, even in that fun account. As I've indicated before, there comes a time (in retirement) when you're fortunate to be financially "set," and the potential upside offered by finding a "ten bagger" just isn't really a big deal. I do still like the intellectual challenge of identifying those potential gainers, but don't feel the need to buy. In earlier times, I really enjoyed thoroughbred horse racing and wagering. Over the last decade or so, the wagering aspect lost its appeal. Still love the game. But I hate losing $100 much more than I enjoy winning $1000. I guess that comes with age.
That’s how I feel about the poker table. I don’t like to lose now and don’t get much enjoyment as I use to. I’m trading less and planning to keep at least 50% of assets in CD Treasuries when it over 5% interest. I might be buying more ETF than stocks but have been planning to give money away to relatives thru custodian accounts.
VHT is slightly better of an index than IYH, but PRHSX b-slaps both of them long-term.
Oh Dave, you gotta love the game for the game....
Amazing how much fat was in tech before they all started cutting costs and focused on making money.CRM = KABOOM!
Big beats on earnings and revenue, strong forward guidance.
Salesforce shares jump 16% on better-than-expected forecast
Salesforce shares surged in extended trading on Wednesday on an optimistic earnings outlook.www.cnbc.com
Lose the fat and you may end up with a hot chick. :)
This may be one of the most manipulated stocks in the market, especially when you look at last quarter and activist investor nonsense.CRM = KABOOM!
Big beats on earnings and revenue, strong forward guidance.
Salesforce shares jump 16% on better-than-expected forecast
Salesforce shares surged in extended trading on Wednesday on an optimistic earnings outlook.
Silvergate taking it on the chin. Down almost 50% today.
Silvergate Tumbles After FTX Implosion Prompts $8.1 Billion Bank Run
(Bloomberg) -- Silvergate Capital Corp. shares plunged after the bank said the crypto industry’s meltdown triggered a run on deposits, prompting the company to sell assets at a steep loss and fire 40% of its staff.Most Read from BloombergIf You Have Student Loans, Mark These Dates on Your...finance.yahoo.com
www.reuters.com
Makes sense that FTX triggered a run. I believe Silvergate is a "good actor", but I wouldn't trust anyone in that space, even those trying to do the right thing.Delayed earnings. Down 30% overnight. This has been a slow motion train wreck. Can't believe anyone was buying it with all the news that's been out the last few months.
Crypto bank Silvergate sinks after delaying annual report
Shares of Silvergate Capital Corp slumped 29% in premarket trading on Thursday, after the cryptocurrency-focused lender warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
Haven't looked into the details of today, but a few months ago SI got crushed due to earnings and a few people spoke about them on CNBC. They are actually a traditional bank that decided to support the growing crypto market. Supposedly, they ran their operation on the up and up, at least from a balance sheet POV. Perhaps there was some shady stuff behind the scenes?
I agree with you. I’ll accept the 4-5% until the market move further up or down. I like some of the pharmaceuticals and medical companies that are down big since I’m more confidence they will move up when the market turns. I sold most of my FAANGS stock when they peak and waiting to buy at the lower level. AMZN is getting close to the buy level and maybe GOOG.
I agree but what’s your prediction for S&P? 3,700 is only about 5% lower, 3,500 is only 10% lower and 3,300 is 15% lower. I really haven’t been hit yet since I move most of my assets to cash and can take a 10% hit. Are you expecting lower than 3,300? A lot of billionaires and experts expect more than 20%. I guess buy in smaller quantities as it continue to go lower. I think we’ll be a trading range for a long time.
+1
Good luck.,
Bostic is more hawkish than most voting members. He is the hawk of hawks. Good to see such Fed capitulation.
