Kolek planning to go pro
Oh yeah, I am very familiar with your articles on that site. But just because you typically focus on dividend payers doesn't mean you can't write about others. In fact, it could be a good sort of counterpoint that people shouldn't get locked into only one kind of investing if a different type of opportunity is staring them in the face. Just my 2c.
Sure acts like Ners.I wonder if he thinks the market was overbought?
I'm not Curbina. I did not think the market was overbought. Felt some stocks were absolutely overbought, however. I shifted gears in January, and began to short a few stocks: Match Group, Lululemon, and Shopify. 3 stocks I owned from 2017-2019. They had fabulous run ups. But their RSI's were consistently pushing 80-90, and their PE's/Market Caps were hard to fathom.I've gotten crushed on some of my biotechs, but have been buying back in over the last week. I'm big on AMRN, GNPX, IGMS, PTI, SAVA - of those, I feel most confident about AMRN. I'm confident AMRN will double in the next 6-12 months, once COVID-19 is past us. It's a steal at $10.25 per share. Bloom Energy is another interesting play (BE).I suspect COVID-19 will take another 3 months to fully abate. Hard to say how the markets will stomach such a drawn out period of uncertainty. However, this has created some great buying opportunities once again.
It'll still be a steal at $8.
Difficult to know when to jump in with serious bucks.I know it's not possible to call the bottom, and I won't even try. But I've worked hard to build up some dry powder and I'd rather not pour it in only to see another 35-50% down from here.I am not a spec investor at all. I buy almost exclusively blue-chip, dividend-growing stocks that everybody has heard of. So I will stick to what I perceive as the highest quality, realizing the prices will bounce around after I buy them.After there is a clear sign this nightmare is ending, the market likely will shoot up. But then there will be some horrible earnings reports and it will be bouncy. Hard to make any kind of intelligent prediction. It's all part of the fun!
I know it's not possible to call the bottom, and I won't even try. But I've worked hard to build up some dry powder and I'd rather not pour it in only to see another 35-50% down from here.
Sounds like you have a sound strategy 82. Always good to invest in what you know. One thought regarding dry powder - wish I had more right now - never a good idea to invest all that dry powder at once. One strategy would be to invest 1/12th of dry powder each of the next 12 weeks - buying on down days. As I mentioned, feel it will still be quite volatile the next 3 months..thus the 12 week buying cycle.You are right in your foresight regarding future earnings. Going to be lots of misses. Think most investors/institutional investors will be quite forgiving. Key driver will be re-employment, and consumer spending - which could actually be quite high if we are in true lock down mode for next 30-60 days.
Serious investing question .. if the next unemployment number is 10-15-20% .. doesn't the market crater 50% further?
That’s where I am now. I bought small batches of GOOGL and ISRG when they had dipped quite a bit... and then they fell way more.Maybe I should buy more now, but I’m gonna wait a little while longer. Maybe if GOOGL hits $900.
I've never been all the big on bank stocks, but I was looking at Citi this morning a little bit. They're down +/- 50% in the last couple weeks. While it will definitely be rough for banks in the short-term, it's hard to not see this kind of drop as a great buying opportunity. Any thoughts from those who know the sector a little more than I do?
What’s your investment strategy/stage in life? There are a lot of stocks that have taken a 50% haircut the last month - so lots of options to choose from.
I'm still 30+ years from retirement, relatively high risk tolerance. I'm heavily invested in equities and equity funds with a smaller amount of fixed income funds. I did see plenty of other options for stocks that have taken deeper losses than the overall market in recent weeks, but it's a little tricky to figure out who has the best path to getting back to pre-covid prices.
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.
I invested in BA just over 100 ago... I've regretted it ever since...
Starting to see reports about Senators dumping stock in late January and early February after receiving classified briefings about possible effects of Coronavirus on the country. So they protected their OWN money while not warning Americans what was coming.
Yep. Trades on 1/27 after receiving a briefing on 1/24.
Bill Ackman comes on CNBC, preaches INSANE doom and gloom, says the only way the market recovers is a 30 day shutdown, touts his positions while driving prices lower because Pershing Square is in buying mode...then caps it off by saying he took out a bunch of cash from the bank last month. Just a complete douchebag of an interview all things considered.
Always wondered why people devoted their lives to “public service”. Cough, ahemmm hack hack I’m sure this goes on more often than is reported, but wtf?? I don’t care who or what party. There should be severe penalties
Sorry, I don’t consider Bill Ackman to be a douchebag.