OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[206to813]

Sprinkling in the Disney types that are growing but large cap safety stocks are really important. Disney has been a life saver for me this week.

yeah a couple of my buddies who have similar portfolios said the same thing about DIS keeping them afloat...
I never got into DIS because I personally hate the company. I feel like one very stupid piece of advice that has been thrown around since forever towards beginners is to invest in companies that you like, use, see a lot, etc.
Just because you like a brand doesn’t mean it’s a good stock. And vice versa. I hate Disney and never bought their stock. Same with FB, hate Facebook and never invested.
I have 2 kids and they don’t even like Disney- not Disney+ or the Disney world (I hate both lol)
But I guess I should have invested. That old adage is dumb imo

 

[af1 1982]

Slowly adding. Feel like we still haven’t hit bottom but if we have, oh well. Long term holds only, Diamond hands bang

 

[johnnyredstorm]

yeah a couple of my buddies who have similar portfolios said the same thing about DIS keeping them afloat...
I never got into DIS because I personally hate the company. I feel like one very stupid piece of advice that has been thrown around since forever towards beginners is to invest in companies that you like, use, see a lot, etc.
Just because you like a brand doesn’t mean it’s a good stock. And vice versa. I hate Disney and never bought their stock. Same with FB, hate Facebook and never invested.
I have 2 kids and they don’t even like Disney- not Disney+ or the Disney world (I hate both lol)
But I guess I should have invested. That old adage is dumb imo

Can't be in them all fam, there's nothing wrong with that. MSFT fills the same need. NVDA. Etc.

 

[frankmatthews]

Got stopped out on all my stock positions , mutual funds bleeding profusely. This bounce got me ready to jump right back in all of them. I feel like the fed just needs to buy bonds and get these rates in check.

Part of me feels like the rate story this week is gonna be a distant memory next week, these bad news stories seem to come and go. The other part of me feels like the one thing propping the market up at these valuations has been pulled and everything needs a revaluation. Just hard to call where we go from here.

 

[crownedhead]

Word
I feel like when this **** settles down, I’m talking in the next several months, I’m going to give myself a little more peace of mind by not being so tech/growth heavy lol

This is a good point.

Right before the crash, I was looking at my portfolio and noticed how tech heavy I was.

Part of that was deliberate because I sold my safe bets (MSFT and AAPL - tech still but much safer) for high growth.

Plan was (and still is) to ride the high growth train and then slowly pivot back to the mega/large cap safe plays.

 

[antidope]

Got stopped out on all my stock positions , mutual funds bleeding profusely. This bounce got me ready to jump right back in all of them. I feel like the fed just needs to buy bonds and get these rates in check.

Part of me feels like the rate story this week is gonna be a distant memory next week, these bad news stories seem to come and go. The other part of me feels like the one thing propping the market up at these valuations has been pulled and everything needs a revaluation. Just hard to call where we go from here.

Join me on Market optimist island. S&P +15%, Start of a new bull market, we're here.

 

[crownedhead]

On another note, I'm not in it but DKNG was remarkably resilient through this so far.

I was surprised by it

 

[antidope]

And I don't even consider this accurate. They have Telsa in Consumer Cyclicals; SNAP & PINs in Communication Services. THESE are tech companies. Paypal is in Financial Services, that's Fintech so whatever.

The overwhelming majority of my portfolio is tech exposure. Not gonna change either.

 

[anderson]

Not changing it either. bulls marks longer than bear markets. tech grows the fastest.

 

[crownedhead]

That's the truth. Tech is not a fad.

It is the present and future.

As with everything, there will be winners and losers in that space.

It's about picking the winners

 

[essential1]

Spent a ton of hours studying calls and puts the last week. Realizing I don’t have calls or puts money that I want to take out of anywhere. Rough life.

 

[anderson]

can the market make up its mind already

 

[Otaku]

who's holding on CURI?

Me. Haven't sold through this whole thing.. Thinking/hoping it will bounce back strong.

 

[iheartboost]

Not a bad day thus far. FCEL and CCIV

Added ROKU and SKILZ (again) to the port. Added a few more pennies to my TSLA, APPL and VIAC shares.

 

[noskey]

It looks like GME died, so that tech may live.

 

[sonoftony]

Me. Haven't sold through this whole thing.. Thinking/hoping it will bounce back strong.

I'm on the same boat as you fam

 

[southernhospita]

Saw a dude lose 71K on calls that expire today
One of these dudes are going to hurt themselves

 

[206to813]

CAT has been a winner for me, as far as a non tech stock. proud of myself cuz I identified that one haha

 

[southernhospita]

Spy really just fell like that after being up $3

 

[frankmatthews]

The issue isn't techs long term viability, obviously technology is here to stay in all walks of life. The issue is the valuations. I feel like tech is gonna be stagnant until these companies PROVE this growth that has been priced in. As vaccines start to tamper the covid restrictions, we've been hearing good news all week, and bonds start to price in the economic recovery, its a sell the news type of situation for tech imo.

 

[antidope]

The issue isn't techs long term viability, obviously technology is here to stay in all walks of life. The issue is the valuations. I feel like tech is gonna be stagnant until these companies PROVE this growth that has been priced in. As vaccines start to tamper the covid restrictions, we've been hearing good news all week, and bonds start to price in the economic recovery, its a sell the news type of situation for tech imo.

For me these are the long term conviction holds in my portfolio so I wasn't going to sell anyways.

 

[johnnyredstorm]

The one caveat is that earnings have been fire in the leaders. ROKU SHOP ETSY TDOC FTCH PINS etc have had amazing ER's.

 

[Xennial]

what price did you add roku and sklz at? thinking about adding roku and starting in sklz today

Not a bad day thus far. FCEL and CCIV

Added ROKU and SKILZ (again) to the port. Added a few more pennies to my TSLA, APPL and VIAC shares.

 

[johnnyredstorm]

When diamond kitty is done pumping his GameStop and it comes back down to the $30s, if the vol isn’t too bad, I might consider a lotto.

 

[htg designs]

Got some API (powers Clubhouse)
Down like $40 from last week.