I'm surprised Tranny hasn't been by yet to tell us how its Trump's fault.
What Stocks are You Buying Now?
- Thread starter TPD
- Start date
Hessian
Well-Known Member
Well...I liked the excitement of the Aapl split, waited until after the severe trimming that continued into today and finally bought at 120. Sure enough, it has already started to make me money (when all three indicies took another slump). Sometimes...my timing is pretty good.
Hessian
Well-Known Member
OK...I just realized APPLE has lost more (Sept 1-18) than they lost the entire Covid Collapse from February to April.
Yes...I am VERY pissed because Merrill Lynch does not explain why Apple is crashing. (134.80-107.11= 27.69) loss per share.
Can someone tell me
a) Why is apple dying a violent death?
b) Why doesn't the press get fired up over this?
I bought during one of the 'slump' days yet I am now out hundreds of $$$
I need to know why.
Yes...I am VERY pissed because Merrill Lynch does not explain why Apple is crashing. (134.80-107.11= 27.69) loss per share.
Can someone tell me
a) Why is apple dying a violent death?
b) Why doesn't the press get fired up over this?
I bought during one of the 'slump' days yet I am now out hundreds of $$$
I need to know why.
glhs837
Power with Control
PeoplesElbow
Well-Known Member
Tech stocks were (are) in a bit of a bubble, valuations for most stocks right now are high and will most likely fall soon.
You shouldn't rely on someone else to tell you about stocks, nobody cares about your money as much as you do and nobody knows your risk tolerance the way you do.
I've lost $8k on XOM this year, fortunately it is the only stock that I've lost money on this year.
If you don't want to learn about individual stocks, listen to their earnings calls etc buy an index fund, wait for a crash and then put money into VTI
PeoplesElbow
Well-Known Member
Don't count on that, with APPL its probably ok, but in general don't think that way.
People have rode that line of thinking all the way to zero.
Hessian
Well-Known Member
Just heard some interpretation...(Cramer)...sounds like some new Tech IPOs have drawn away millions of investment $$$ (Snowflake?) and several leading tech (big caps) are all getting beat up.
I suppose I will ride out the headwinds for a while...just don't like tacking,...it is tiresome.
PeoplesElbow
Well-Known Member
I'm a bit of a vampire, I will buy a stock when it gets beaten up, I bought a ton in March. I bought CAT, USO, CEQP, ROKU and a few others. After Christmas I bought PTON after they got crap for a commercial.
Cramer is a fundamentalist, which is also my philosophy, if you listen to what he says instead of just the buy this you can learn a lot. I suggest his books to people, they really are an excellent education on the market.
glhs837
Power with Control
That was relating only to APPL, I should have been more clear. Would not say that about Nikola, say
inquiryjv
Member
I’ve been holding Apple for a while, too, and seeing it drop like that was tough. It’s like every time they drop a new product, the stock goes up, but then it seems like there’s always some pullback right after. My guess is that there’s some market uncertainty mixed with some overvaluation, but it's hard to figure out exactly why the press isn't making more of a fuss about it. I personally got in a bit during a "slump" day too, but I ended up just holding through it. Sometimes these things take time to recover. On a side note, I found a Apex Trader Funding Discount Code recently for their program—up to 92% off! Might be a good way to hedge a bit on the side if you're interested in other trading avenues.
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LightRoasted
If I may ...
For your consideration ...
Might want to short Nvidia. Fundamentals are not there. And some of their largest customers are having issues.
Plus, as the old adage went, “If the shoe shine boy starts giving stock advice, it's time to get out of the market.” In other words, it's time to sell.
Might want to short Nvidia. Fundamentals are not there. And some of their largest customers are having issues.
Plus, as the old adage went, “If the shoe shine boy starts giving stock advice, it's time to get out of the market.” In other words, it's time to sell.
Clem72
Well-Known Member
I wouldn't touch Nvidia with my worst enemies bank account. There is no rational way to call which way that stock is going. On the one hand, there is simply no way their stock price has any relation to the actual (current and/or future) value of the company. On the other, their revenues are up and they still have YEARS worth of production locked up, and the AI hype train isn't derailing any time soon.
Buying that stock is a risk, shorting that stock is a risk, and holding that stock is a risk.
Kinnakeet
Well-Known Member
Im going to put all my money in a store and sell 1970's early 80's porn I hears that stuff is banging.
PeoplesElbow
Well-Known Member
Nvidia is my shoot for the moon pick right now.
Hessian
Well-Known Member
Infrastructure projects...
The budgets are going through realignment...but I doubt they can trim/ or delay projects based on their budgets. I suspect that it will grow to "encourage" contractors. MORE emphasis will be made on "home grown" production.
Impetus?
Some bridge failure, some horrendous winter storm, some network collapse...will spark a call for new infrastructure spending.
Look for steel, copper, concrete and heavy equipment to rise ahead of typical commodities...buy before they move. PAVE was up 1.75% today. (43.5% THIS YEAR)
The budgets are going through realignment...but I doubt they can trim/ or delay projects based on their budgets. I suspect that it will grow to "encourage" contractors. MORE emphasis will be made on "home grown" production.
Impetus?
Some bridge failure, some horrendous winter storm, some network collapse...will spark a call for new infrastructure spending.
Look for steel, copper, concrete and heavy equipment to rise ahead of typical commodities...buy before they move. PAVE was up 1.75% today. (43.5% THIS YEAR)
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LightRoasted
If I may ...
For your consideration ...
I wouldn't play NVIDIA, which is acting as a type of, or similar to a, meme stock. It appears to be very ready to go the other way. This is indicative of a true bubble about to burst. Stocks just don't normally go parabolic in such a very short window of time like this, without a very serious correction down the road. Those getting in now, will most likely lose lots of money. But the 'in-the-know' hedge funds will thank you for your donation.
I wouldn't play NVIDIA, which is acting as a type of, or similar to a, meme stock. It appears to be very ready to go the other way. This is indicative of a true bubble about to burst. Stocks just don't normally go parabolic in such a very short window of time like this, without a very serious correction down the road. Those getting in now, will most likely lose lots of money. But the 'in-the-know' hedge funds will thank you for your donation.
PeoplesElbow
Well-Known Member
Like I said it's (and Chipotle) my speculative stock, play money. Walmart and energy is my retirement retirement property right now.
