The stocks I have are buy and hold. They were up a lot until recently. I'm not selling any of them I'm just going to hang on and then maybe buy more before they start back up. Because they will go back up. For the moment I'm not going to even look at them. [Reply]
Originally Posted by philfree:
The stocks I have are buy and hold. They were up a lot until recently. I'm not selling any of them I'm just going to hang on and then maybe buy more before they start back up. Because they will go back up. For the moment I'm not going to even look at them.
Most of mine our long term stocks or ETF's as well. [Reply]
Originally Posted by MTG#10:
Penny stock guys, any thoughts or anyone in DSCR? Put $50 in it last week just for shits and giggles, seems like a lot of people expecting it to get up to $1.
Just realized this was up over 50% today, only green stock between two portfolios. Unfortunately that only equates to $44 with my measly 5000 shares. [Reply]
Originally Posted by MTG#10:
It's becoming a trend now. Most experts predicting SPY to slowly drop throughout the year and then inch back up to about where it is now by December. If I was holding blue-chip boomer stocks I'd ride it out, but this is a shit market for aggressive investing. Crypto is the play now.
Normally after 2-3 great days in a row we have at least one shit day, so unless there's some outside higher power that inadvertently affects the market with their shitty decisions/policies we should be in for a record-breaking day tomorrow! [Reply]
The S&P 500 (^GSPC) historically averages a 10% return per year. So far this year, it is up over 11%. It wouldn’t be unreasonable to see a normal correction or some technical digestion before heading higher later in the year. Also, since 1980, the average intra-year correction is -14.3%.
A few sentiment measures are showing high levels of bullishness. For example, the latest NAAIM Exposure Index, which measures exposure by active investment managers, is at its highest level in over two months. Any minor pullback would shake out some of this excess bullishness, as investors are still quick to rush out the door when the market starts to drop.
I would like to stress that I am not turning bearish, just cautious over the near-term. There are many strong factors in the market’s favor from now until year-end. The economy continues to return to normal, earnings are improving, and the Fed is still providing a tremendous backdrop for the market. They are not raising rates anytime soon, nor are they slowing down or “tapering” their bond purchases. This will continue to provide an equity friendly environment into year-end. I simply think over the next two months, a 4%-6% pullback would be normal and nothing out of the ordinary. The best way to describe my current stance is short-term cautious but still longer-term bullish.
Check out the crypto $Trias its on Kucoin. 10m supply with 3.5m circulating. Project closely linked with Chinese government. Fundamentals are sound. Its currently around $6 but coins with same supply have done 100x so this has huge potential. [Reply]
Originally Posted by IrishChief:
Check out the crypto $Trias its on Kucoin. 10m supply with 3.5m circulating. Project closely linked with Chinese government. Fundamentals are sound. Its currently around $6 but coins with same supply have done 100x so this has huge potential.
Closely linked with Chinese government you say? Definitely legit. No chance of anything going wrong there. [Reply]
