OT: Stock and Investment Talk
- Thread starter RU-05
- Start date
My personal portfolio is up 30% in the 2 weeks of 2021. That is insane. TSLA, TLRY, DKNG, GM are running too hot. My guess is that a correction maybe around the corner. Be careful putting in new money in the market, especially high growth stocks. The thing about corrections is that if everyone expects it and talks about it, then it won't happen. But when everyone stops talking about it and the VIX drops in the teens then chance of correction increases.
The first 2 weeks of the year have been nice. My E-Trade account (which is what I mainly talk about) is only 15% of our retirement assets. So for IDRV and ARKK, we are talking 8% of only that. Across the board I have been decreasing allocation of large cap growth funds (especially indexes that don't have any direct management). After a fun 2 years, they are lagging now.
As for the market in general, even if there is a correction soon, I believe it will be short lived and the bull market will continue throughout 2021 (due to zero % rates and fed actions).
Last edited:
New ARK ETF announced:
www.cnbc.com
Cathie Wood's ARK Invest plans 'ARKX' space exploration ETF to tap the growing industry
Ark Invest, which operates the largest actively managed exchange-traded fund, plans to add a "Space Exploration ETF" under the ticker ARKX.
Yes. But this fund seems like it would be appropriate for only day traders of those with a 10 year or longer time horizon.
Ya, WSB has been both comical and helpful. Once you learn to decipher their lingo, and sift through the nonsese, theres some good info in there. Ive done very with some minor investments based on "advice" from there
I take ideas from everywhere but do my own dd. Never know when a brilliant idea comes from an idiot lol
Saw this quote today from Bloomberg:
"Also, Bloomberg News, citing a report from the publicly traded hedge fund Man Group, reported Wednesday that bitcoin differs from other investment bubbles like tulips, railroads and dot-com stocks, in that it has “survived three peak-to-trough drawdowns of over 80%” in fewer than 10 years."
"Also, Bloomberg News, citing a report from the publicly traded hedge fund Man Group, reported Wednesday that bitcoin differs from other investment bubbles like tulips, railroads and dot-com stocks, in that it has “survived three peak-to-trough drawdowns of over 80%” in fewer than 10 years."
Let the party continue!
www.cnbc.com
Powell sees no interest rate hikes on the horizon as long as inflation stays low
Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery.
Because there is a natural utility, illegal activities. The real threat is regulation.
+1
Nations stepping in to regulate or restrict is the biggest worry for me with cryptos.
I'm not sure they can as its' not a security per se. The Usurpers choice for oversight of the markets is bitcoin friendly former head of the cme. Now even if there is regulation, that will have a positive impact as more people will see it as legitamized
What led to the jump today?
I took a quick look at it the other day, and didn't see anything that stood out.
Anchorage Becomes First OCC-Approved National Crypto Bank
The crypto industry has its first federally chartered bank: Anchorage.
Exchanges running out of ETH with reserves plunging 27% in 48 hours
With more than one-quarter of Ether reserves leaving centralized exchanges, ETH may be on the cusp of an explosive rally as demand overtakes supply.
cointelegraph.com
Nice earnings by JPM.
www.cnbc.com
JPMorgan beats profit estimates on better-than-expected credit, record trading revenue
JPMorgan Chase's fourth-quarter earnings per share of $3.79 beat the Refinitiv estimate of $2.62.
All the banks are reversing loan loss reserves. Guess the crisis is over.Nice earnings by JPM.
JPMorgan beats profit estimates on better-than-expected credit, record trading revenue
JPMorgan Chase's fourth-quarter earnings per share of $3.79 beat the Refinitiv estimate of $2.62.
Confluence of events:
1) Liquid capital infusion via patent sales to Huawei
2) Partnership announcement via CEO's twitter with Sony
3) Alot of smoke on the QNX front (they are the dominant provider of vehicle security software)
4) Continued optimism about the AWS collaboration on IVY (the unified API for all vehicle sensors and IoT components)
5) Investors finally getting a clue about the new business model (it's not smartphones!)
Main utility for BTC.
news.yahoo.com
Exclusive: Large bitcoin payments to right-wing activists a month before Capitol riot linked to foreign account
U.S. law enforcement is investigating whether a bitcoin transfer to right-wing organizations and personalities was linked to the Jan. 6 assault on the Capitol.
I wonder what portion of all crypto transactions are for no-good. :)Main utility for BTC.
Exclusive: Large bitcoin payments to right-wing activists a month before Capitol riot linked to foreign account
U.S. law enforcement is investigating whether a bitcoin transfer to right-wing organizations and personalities was linked to the Jan. 6 assault on the Capitol.
I think its obvious that foreign states are helping to foment discord in this country. We've been doing that to our adversaries for years. Whether its BTC or other forms of help, these last 4 years, along with all sorts of social media outlets have encouraged our enemies to involve themselves with our internal affairs. I don't believe this should be a constraint or cause to regulate crypto but rather that our country should be more vigilant to threats against our democracy.Main utility for BTC.
Exclusive: Large bitcoin payments to right-wing activists a month before Capitol riot linked to foreign account
U.S. law enforcement is investigating whether a bitcoin transfer to right-wing organizations and personalities was linked to the Jan. 6 assault on the Capitol.
I think the major event that is moving the stock in the last 3 days was the presentation at The JPM conference. There was information shared that is making institutions flow in.
There's also a significant possibility of deflation loss. In 2013, 2 bitcoins bought an 8th of an ounce of weed. Today, 2 bitcoins would pay for roughly 15 pounds of weed. Until that deflation risk is eliminated, there will be hoarding.
Sold all my miners and PLUG(really thought about selling at $70) Don't like selling on such a down day, but my run has been so good that I can still take money and run. See what happens but I could jump back in.
I did buy a little more ETHE. As well as WFC, and NJR. I also started a position in AGCB.
Have a little cash left to work with in the days to come. I like GD as a value, but with some of the movers that are out there I don't want too much money tied up in a very slow grinder even if it has likely upside.
I did buy a little more ETHE. As well as WFC, and NJR. I also started a position in AGCB.
Have a little cash left to work with in the days to come. I like GD as a value, but with some of the movers that are out there I don't want too much money tied up in a very slow grinder even if it has likely upside.
After this morning, the market has trended in the positive direction, let's see if that holds until 4pm. Bought more IDRV and ARKK this morning. Slowly creeping to my planned allocation, which will still take a month or two to achieve. I haven't bought more ETHE yet, but I have been watching it day to day. Since it is prone to brief price dips, it seems like a good idea to use standing orders with buy limits a point or so below the real-time value. For example, around 11:15am it dropped all the way to 13.2, but was back to 14+ within 15-20 mins. Gotta take advantage of those mini-crashes!
of course they say that as Ripple is about to kick the US legal team a$$. Do you think UBS or any other bank has accepted that competition?
I think UBS and the SEC should worry more about the 2.2 trillion in Chinese companies on our exchanges with no audits or finanicials that would hold to scrutiny
Thats true. Yes. The JPM call was really good. If you read between the lines it was pretty apparent that all the auto manus are keen to work with IVY
I might get into ARKK.
I like the stock picking game, but they've been just so dang good at it.
I assume well respected pros can do a better job than me! The great thing about Morningstar Premium is its review of fund managers and analyst teams.
By the way, I like ARKK better then the others, since it is a composite of all areas of innovation vs the other ARK funds that focus on specific industries. Better diversity and more likely to perform!
The fast money guys were really hating on the bank trade. More so from a technical standpoint as many of the etf's are bumping against the resistance of previous highs. For the XLF this is the 3rd time it has contended with, and dropped back off the $31 level.
Cramer said give them a couple days and then buy in.
Maybe once they get through those levels they can get running again.
Cramer said give them a couple days and then buy in.
Maybe once they get through those levels they can get running again.
Since I enjoy it, and thus far have done pretty well at it, I'll keep with it.
But I might add ARKK into the mix.
