40 percent of Nasdaq stocks are down by 50 percent in the past year. That's a catastrophe if you're in those stocks. The overall index doesn't show it because the big FAANG behemoths held their own or even went up a lot. But it's mind-blowing to think that 40 percent of the stocks on the index are down by 50 percent.
Of course it's not quite as painful since they had such good gains in the previous year, but it's still painful.
The question now is when they start becoming a buy, and what's getting the money that's being pulled out of them. Just watching my accounts, I'm getting gains from my stocks that have been getting beat up or have been lagging the last couple of years, which are oil stocks and a lot of "old economy" stocks. [Reply]
What ever happened to that Chris guy on YouTube who used to make stock picks and give advice?
Chris Sain
He's still out there. I watched one of his vid's the other day and the comments are funny as shit. He turned 106K into 180K into 103K. Now everybody is laughing at him.
I hadn't been following him any longer but I guess November was really bad for him. LOLOL
Here's a sample:
Real New York City Living
12 hours ago
I will most definitely not be doing Chris sain’s $100,000 challenge. I stated with him last year and I’m down HEAVY! I’m surprised he has the nerve to try to do it again. I’m just warning ⚠️ you guys I’m talking from experience. [Reply]
Originally Posted by Hog's Gone Fishin:
Chris Sain
He's still out there. I watched one of his vid's the other day and the comments are funny as shit. He turned 106K into 180K into 103K. Now everybody is laughing at him.
I hadn't been following him any longer but I guess November was really bad for him. LOLOL
Here's a sample:
Real New York City Living
12 hours ago
I will most definitely not be doing Chris sain’s $100,000 challenge. I stated with him last year and I’m down HEAVY! I’m surprised he has the nerve to try to do it again. I’m just warning ⚠️ you guys I’m talking from experience.
He got up near 200k and now is around 96k! Epic collapse.
You’re welcome for telling you all he’s a fraud. [Reply]
Originally Posted by scho63:
I'm liking Tilray here.
Good for a pop after all this tax selling.
Think it goes back to $10-12 in first months
Originally Posted by Buehler445:
That looks interesting. They need to show some income, and the additional stock issuance is not great, but surely the downside is about out.
Originally Posted by scho63:
I'm buying 1000 shares and will buy 1000 more if it drops below 6
Originally Posted by Buehler445:
You still in? Today was a rough one for Tilray.
Originally Posted by scho63:
I just bought 1000 more shares and thats it. Got my cost average to $7.08 for 2000 shares.
Originally Posted by neech:
You have any names for us Lewdog?
NASDAQ hit 10% correction territory yesterday and bounced back up. Still choppy and one green day doesn’t mean we’re ready to go back up. These long tails on candles get you stopped out when trying to trade using stops. But not using stops is just gambling.
I’m taking quick trades and only 20% invested max for trading. I got in MS today at 105 as it attempts to break a 5 month base. Oil was popping but I missed entry. Look for stocks with longer sideways bases and enter on breakout. Trying to time reversals right now hasn’t worked as many of those patterns just keep going red.
FFIV also on radar.
I’ll scan for setups tonight if this green holds. [Reply]
Seeing a big bounce on Friday and today makes me a bit nervous. Volatility is coming back into the market. Levels are uneven across the board. Tech stocks were oversold for panic reasons if you ask me so maybe some recognition of that is coming into the market today. [Reply]
