Scholarship table
Thought of you when I read this, Wags. Thought you might be interested.https://seekingalpha.com/article/4335804-luckin-coffee-crashes-76-thursday-what-you-need-to-know
Market gave it all back today.
Gave up the gap and spike but not yesterday’s gains, not even the late day spike. But I think this is constructive. It’s probing technical ranges, respecting support and resistance levels. The ranges are HUGE and comparing it to, say, this time last year makes it look wild, but there seems to be some rhyme or reason at least.Tomorrow and Thursday will be interesting. Still think we probe higher to open up downside ranges for the next week or two when earnings start to come out.Oh also, LK halted. Rumors of a T12 halt, meaning the SEC would be requesting information and exploring further which is a half that can last days, not hours. Seems like a coin flip of being sent to OTCs, or satisfactory findings give them a further all clear and it pops back to double digits. As if the market wasn’t exciting enough
GILD opened big (nearly to $86) but now pulling back a little - up 8% to $83-ish as I write this.Trying to decide if I want to sell on this spike or just let it hang around my portfolio. It is my third-smallest position, so whether I keep it or sell it won't make much of a difference, so I might just keep it, collect the divvy and see if it can get back over $100 eventually. Hard not to at least consider selling, though.
Sell half, then ride the rest. That's what I do in these situations.
I find that making the decision to sell (at the right time) far, far more difficult than making the decision to buy.
Think Ellenson Family Reunion gives some good advice above. This dip is a great thing for you being 30 years out. If you are a buy and hold guy, ideas I'd present would be: AMRN, ETSY, ULTA, RVLV, SQ, BA, SHOP, CTAS.Higher volatility biotechs I like (a sector invest 50% of my portfolio): AXSM, FLGT, GNPX, NVTA, SAVA, AQST, IGMS.Bloom Energy (BE) is also an interesting company with a bright future IMO.Invest at your own risk above. Just sharing some ideas.
The above aggregate are + 45% since March 20. My next play is to short LULU. I continue to accumulate AMRN shares weekly. AMRN revs in Q1 2020 were $161M compared to $73M in Q1 2019.I bought MRNA last week at $37.25 - they well may be the first to market with vaccine for COVID. Tough entry point now at $53 up so much in one week..but if open to some risk..I'd still buy here.Anybody have any other good ideas?
Sold MRNA last week. Happy to have made some nice change but kicking myself now.
I know it’s not literal because it’s speculative, but oil now at $2.17 (!!!!) a barrel.I say this knowing it’s speculative, but in my wildest dreams I never imagined oil being literally worthless.
Crazy things happen when 2 major producers team up to attempt to cripple and/or bankrupt the oil producing industry in the country that produces the most oil in the world.
No argument here. Now at negative $7 a barrel. A producer will literally pay “you” to take oil off their hands.