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Discussion ***Official*** 2021 Stock Market Thread

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Mermaidman said:
tempted to dip my toes into Peloton wreckage
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Come on in. Join my house of pain! 😛 The lower Peloton goes, the more my conviction grows. Credit Suisse downgrade this morning and price target cut from $112 to $50 is huge buy signal to me. These jokers want to downgrade now after the stock suffered like 75% haircut? Fuck CS. I'm willing to take short-term pain for big long term gain. I'm building sizable position in Peloton. It's now my 3rd largest position behind Tesla and Coinbase.
 
Tesla is down 20% from it's ATH. I blame Elon Musk's horrible new hair cut:

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Edit: ...and it goes down another 5% after the mighty Elon gets nominated for Time person of the year.

Personally, I think that he deserved it more last year than this year. His big "achievements" this year were pumping up and crashing the price of Dogecoin and missing the launch date for Cybertruck.
 
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No exactly stock market related, but investing/finance is general: does anyone here park cash in series I savings bonds? (https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm)

It seems like a great place to hold emergency funds if all the early withdrawal penalty is, is losing a few months of interest. The first 6 months are 7% right now which is pretty good and at least helps keep in line with inflation - well maybe not really given the true rising cost of everything, but it still beats having emergency cash sitting there doing nothing. It's only $10k/year (per SSN), so a couple could quick stash up to $40K worth of emergency funds into there this month and next.
 
njdevilsfan87 said:
No exactly stock market related, but investing/finance is general: does anyone here park cash in series I savings bonds? (https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm)

It seems like a great place to hold emergency funds if all the early withdrawal penalty is, is losing a few months of interest. The first 6 months are 7% right now which is pretty good and at least helps keep in line with inflation - well maybe not really given the true rising cost of everything, but it still beats having emergency cash sitting there doing nothing. It's only $10k/year (per SSN), so a couple could quick stash up to $40K worth of emergency funds into there this month and next.
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I am definitely thinking of getting some. The 7% may not last, but it sure beats 0.2%
 
I dumped all my GOOG and AMD a few minutes before the close Wednesday to take profits and be in cash. So on Thursday I was happy that they both went back down with the Nasdaq. But today early Friday I'm not so happy being uncertain as to what the heck to do. I could buy the dip for both after this morning's open. Or try to. It gets hairy in the first few minutes as many of you know trying to time trades.

Even if I buy the dip for both today the Nasdaq and other markets could be on a downward trend which means I may have to wait weeks for it to go back up. If I don't buy and sit on the cash the markets, mainly Nasdaq, could go up for a day or two making me miss out on another round of profits. Not trading any options btw, just at market buys/sells.

If I can't make profits most of the time by timing those two big stocks holding for a few days or by day trading I'll probably never be able to do it with meme stocks or any single stocks. Lucky I have dividend income from Franklin and Vanguard mutual funds to live on.

And the div income from the Franklin one, FKIQX, is pretty high at 4.5% yearly after the fees have been paid. But they pay that much because the fund takes more risks than other mutual funds with bonds and other things. That's why Morningstar gives them a 3 star rating out of 5 due to the risk. And it pays a hefty year end long and short term cap gains. Maybe I should dump all the mutual funds and go for ETF so I can day trade them.
 
Just what I thought, almost nobody can figure this thing out. Not about my griping post above. Where the three main markets are heading. A few insiders know for certainty I guess like five or so in the world. No I haven't bought my favorite tech stocks yet today. Don't know how long to wait for the current drop in prices and it's annoying just sitting on this cash.
 
Ok I made $600 today on a GOOG day trade. Which is kind of a wimpy ending because I had no guts to leave it in for next week if there's a big Christmas rally. I can still maybe get in the rally if it happens by waiting until my sale clears in 2 business days on Tues morning so then I'll have the cash to jump back in with another buy.

Edit: meant to mention I lost about $1000 on the day because the AMD buy I made today went down. Will hold it in hopes it goes back up next week.
 
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ultimatebob said:
That's strange, isn't it? I thought that the evil Omicron COVID variant was scaring offices into delaying their office reopening plans. Shouldn't that be a positive for tech in general?
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Fed threatening to raise rates is a bigger deal. You'd think Tech would be the biggest loser if that were to happen just from the crazy valuations.
 
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