irish pete ag06 said:
ProgN said:
Philip J Fry said:
My hesitation with entering long here is that I think the fed pumping money into the stock market created an artificial bubble. It may take years to get back to break even if that's the case.
IMO, you're looking at inflation and interest rates from only one angle. Stocks are the easiest way for the regular investor to outpace runaway inflation, but not all stocks. I'm focused on market leaders and fund faves because those will reward you from these current prices.
I really trust your thoughts on longs and great companies… I'm curious, what do you do to figure out if a company is a good long term one or not?
I pick my target plays on the quality of the company, institutional interest and their marketshare and standing within their business. I pick my entry prices based on the charts. It's kind of combining fundamental with technical analysis because I think both sides of those approaches have value. Too many people get married to one and discount the other, but for me the combining of both has proven to be my sweet spot.
Go back and read the press releases and look at the charts from November to January when NVDA was $330+, TTD 107+, CZR 118 ( I called that breakout before it happened on this thread, go back and look ). Everyone LOVED those stocks at those prices, but not me. Now everyone hates any stocks that use electricity, lol.
NVDA will be a major player with their chips for the metaverse, which is all the rage on Wall Street.
TTD is the leader for online advertising within an industry that's expected to surpass 400B by 2025.
CZR, covid is over as fatigue has set in and their management has positioned them to benefit both in casino, but also online gambling.
PLTR was profitable before they went public and they get a ****ton of government contracts spanning administrations from both sides of the aisle. That will continue for them, but they're diversifying their customer base which will only increase their potential.
Monday morning at the open, on paper spread 100k evenly into those 4 stocks (25% in each) and I'll bet they grow that paper investment 60%+ before 12-31-22. We can bet beers or $100 gift card for a nice dinner for you and your significant other or me and my girlfriend.
ETA: after re-reading your post, I pick entry points not holding points. I don't base my moves in my account by tax ramifications. I trade mine and if I get a moonshot, then I'll sell instead of holding for a year and riding it down if it looks like it's going lower.
