What's up with eBay? Only thing green in my watch list.

SF2004 said:

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ProgN said:

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Well my take on the current situation is that the bottom is very close after reading posts from today. We have people dumping AAPL, with 300B in cash, today. We have others now ready to cull their portfolios. If posts like this happened in our small group then you can bet your ass millions of families are having this same feeling and conversations tonight. Not to call out anyone here but I'll also add posts definitely saying some stocks will never see their ATHs again. I'm not giving any advice other than remember this when the markets are overextended to the upside and price targets are being raised daily, like 6 months ago. Everyone, including firms and 'experts', are forecasting the apocalypse. I have no issue if you want to sell junk but selling market leaders at these levels are more than likely to give you a double whammy when they rebound. IMO, retail capitulation is very close with people moving their 401Ks because 'they don't want to ride it down to zero'. Spoiler alert, they're not going to zero.

---

Everything is spot on except for the bold part. There are examples of strong .com bubble companies that are stables now but never reached their ATH from the late 90s.

INTC topped out at $76 in September of '01. The closest it got was $69 during the pandemic pump.

There will be some solid companies that got way overvalued and permanent bag holders were created.

---

Yep, anyone old enough to remember 2000 knows this. Granted that Microsoft did reattain its ATH after 17 years so there is hope.

StonewallAggieDEFENSE said:

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I can't understand why we are still at such a high level. Prices are what…still 60% higher that when Trump took over? We have arguably 12-16% real inflation, the most anti- business democrat in office, the worst economy since Carter and yet this stock market continues to be above real value. Someone explain to me why this market isn't 2/3 lower?

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We are in the middle of a correction right now. Wake me up when it's over and we are still +60%.

The aviation industry is placing a new company on NYSE via SPAC through Zanite corp.
EVE is mostly backed by Brasilian company Embraer amongst others. Eve is an upward mobility people transporter. Heard last year customers could be the Ubers of the world. Has some solid board members.

https://eveairmobility.com/eve-an-embraer-company-to-list-on-nyse-through-business-combination-with-zanite-acquisition-corp/

Ag CPA said:

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SF2004 said:

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ProgN said:

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Well my take on the current situation is that the bottom is very close after reading posts from today. We have people dumping AAPL, with 300B in cash, today. We have others now ready to cull their portfolios. If posts like this happened in our small group then you can bet your ass millions of families are having this same feeling and conversations tonight. Not to call out anyone here but I'll also add posts definitely saying some stocks will never see their ATHs again. I'm not giving any advice other than remember this when the markets are overextended to the upside and price targets are being raised daily, like 6 months ago. Everyone, including firms and 'experts', are forecasting the apocalypse. I have no issue if you want to sell junk but selling market leaders at these levels are more than likely to give you a double whammy when they rebound. IMO, retail capitulation is very close with people moving their 401Ks because 'they don't want to ride it down to zero'. Spoiler alert, they're not going to zero.

---

Everything is spot on except for the bold part. There are examples of strong .com bubble companies that are stables now but never reached their ATH from the late 90s.

INTC topped out at $76 in September of '01. The closest it got was $69 during the pandemic pump.

There will be some solid companies that got way overvalued and permanent bag holders were created.

---

Yep, anyone old enough to remember 2000 knows this. Granted that Microsoft did reattain its ATH after 17 years so there is hope.

---

MSFT adapted, INTC did not.

agdaddy04 said:

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So I'm going to be a little vulnerable here. My account went from $900k in November to just over $500k today at closing, as it lost another $37k in value just today. You'll see that many of these could have been sold at profit at one time or another and I kept removing my stop losses out of pride, I don't know but obviously that was stupid. I know I'm not looking for professional advice, but the ones in the second list - should I just cut these loose as it is and go with names that are more well known with better leadership? Here's how it's broken down right now.

Ones I'm not too worried about, it just sucks:
AMZN, down 27% overall and almost 6% of that was today - equates to 21% of my IRA
BTI, down 4%
CWH, down 24%
CZR, down 29%
DIS, down 30% - may want to drop this for other reasons
GOOGL, down 23% - bought right after the split announcement
NVDA, down 34%
OMF, down 29%
PDI, down 8%
PLTR, down 60%
POWW, down 34%
RIG, down 24%
TTD, down 20.5%
WBD, down 29% (this was due to split of T share)
WWR, down 76% but really don't want to let this one go right now

This was due to some high praise on here as a sure thing for a retirement account, but obviously I didn't do the due diligence required
PSAFE that was BFT, down 84% - and this is by far biggest loser in terms of dollars

Probably should just cut ties, but not sure where to put it
ARKK, down 58%
BFLY, down 84%
BODY, down 87%
CHWY, down 67%
CIDM, down 65%
CLOV, down 70% prior to the small AH spike today
CROX, down 34%
CVNA, down 87%
ELOX, down 80% - cashed out the net free shares
FUBO, down 89%
GREE, down 80%
IDRA, down 68%
JUPW, down 47%
LGMK, down 91%
METX, down 92%
NMG, down 40%
NNOX, down 80%
RBLX, down 76% - this was case of FOMO after I initially sold for 35% profit
RGS, down 68%
ROKU, down 69%
SAVA, down 75%
SKLZ, down 94%
SNDL, down 46% - but this is after I took out many net free shares at least
SOFI, down 68%
UPWK, down 58%
VEON, down 74%
ZEST, down 80%

Actually green on:
T, up 1.5%
XOM, up 53.5%

---

Props for posting this. I had a lot of these in my Roth IRA and cut the bag a while back on most. Off the top of my head CLOV (my biggest stock market loss ever), RBLX, SOFI, PLTR, and even WWR!

I figured the capital could be used better in DCA'ing into AAPL and/or TQQQ. One day in the next decade when the high betas go nucking futs again, I will buy in and sell without even thinking about it. Never marrying any of those little *******s again.

Farmer @ Johnsongrass, TX said:

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Farmer @ Johnsongrass, TX said:

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https://downloads.usda.library.cornell.edu/usda-esmis/files/8336h188j/gm80k152f/34850n40s/prog1822.pdf

Corn Planted (Selected 18 States)
5 Year Average = 15%
As of 4/24/22 = 7%
As of 4/17/22 = 4%
As of 4/24/21 = 16%

Soybean Planted (Selected 18 States)
5 Year Average = 5%
As of 4/24/22 = 3%
As of 4/17/22 = 1%
As of 4/24/21 = 7%

Behind. Keep an eye on cooler temps in upper midwest. Ground needs to be above 50 degrees to plant corn. (We had trace amounts of snow this morning, but should be 60 on Thursday.) Will be a race to get acres planted, rains in the forecast, dry conditions and ground isn't warming fast. Nearby takeaway is bullish.

---

https://downloads.usda.library.cornell.edu/usda-esmis/files/8336h188j/5712nb460/vt151p581/prog1922.pdf

Corn Planted (Selected 18 States)
5 Year Average = 33%
As of 5/1/22 = 14%
As of 4/24/22 = 7%
As of 5/1/21 = 42%

Soybean Planted (Selected 18 States)
5 Year Average = 15%
As of 5/1/22 = 8%
As of 4/24/22 = 3%
As of 5/1/21 = 22%

Gotta play some real catch up in the coming days.

---

Corn Planted (Selected 18 States)
5 Year Average = 50%
As of 5/8/22 = 22%
As of 5/1/22 = 14%
As of 5/8/21 = 64%

Soybean Planted (Selected 18 States)
5 Year Average = 24%
As of 5/8/22 = 12%
As of 5/1/22 = 8%
As of 5/8/21 = 39%

Yeah,...we are behind.

I disagree with overall sentiment.

I haven't heard any talk of liquidating 401k.

This feels nothing like 2008-2009...or early 2000s.

There is no fear b/c people are looking at their portfolio and they're still +50% pre-COVID...so they haven't really lost anything yet. They're playing with house money b/c they saw S&P 2,500 during COVID and they're WAY up from that. I read one instance of AAPL selling, but that wasn't really out of capitulation. When we get to the "I'm putting what I have left into a HY Savings account".... THAT'S the time to buy heavy.

INTC also got passed in technology by their competitors.

Farmer @ Johnsongrass, TX said:

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Farmer @ Johnsongrass, TX said:

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Farmer @ Johnsongrass, TX said:

---

https://downloads.usda.library.cornell.edu/usda-esmis/files/8336h188j/gm80k152f/34850n40s/prog1822.pdf

Corn Planted (Selected 18 States)
5 Year Average = 15%
As of 4/24/22 = 7%
As of 4/17/22 = 4%
As of 4/24/21 = 16%

Soybean Planted (Selected 18 States)
5 Year Average = 5%
As of 4/24/22 = 3%
As of 4/17/22 = 1%
As of 4/24/21 = 7%

Behind. Keep an eye on cooler temps in upper midwest. Ground needs to be above 50 degrees to plant corn. (We had trace amounts of snow this morning, but should be 60 on Thursday.) Will be a race to get acres planted, rains in the forecast, dry conditions and ground isn't warming fast. Nearby takeaway is bullish.

---

https://downloads.usda.library.cornell.edu/usda-esmis/files/8336h188j/5712nb460/vt151p581/prog1922.pdf

Corn Planted (Selected 18 States)
5 Year Average = 33%
As of 5/1/22 = 14%
As of 4/24/22 = 7%
As of 5/1/21 = 42%

Soybean Planted (Selected 18 States)
5 Year Average = 15%
As of 5/1/22 = 8%
As of 4/24/22 = 3%
As of 5/1/21 = 22%

Gotta play some real catch up in the coming days.

---

Corn Planted (Selected 18 States)
5 Year Average = 50%
As of 5/8/22 = 22%
As of 5/1/22 = 14%
As of 5/8/21 = 64%

Soybean Planted (Selected 18 States)
5 Year Average = 24%
As of 5/8/22 = 12%
As of 5/1/22 = 8%
As of 5/8/21 = 39%

Yeah,...we are behind.

---

No disrespect intended but I picture you and the Mrs. in 'Green Acres'. I'm old and grew up watching that show. New army will have a WTF moment seeing those gifs.

For the ones you say "don't look at it" is there ever a time you'd sell or no?

ProgN said:

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Do you honestly think AAPL, MSFT, AMD, NVDA, AMZN, GOOG, etc., have become complacent like INTC?

---

These were not the names from the poster's portfolio I was referring to when I said many would never reach their all time highs again. These are good companies with real profits (obviously). It's the spacs and the ark names that got bid up so high for no good fundamental reason that aren't going to approach those heights again unless we happen to have another global pandemic with trillions of stimulus pumped in and people thinking that peloton will sell a bike to every home in America because gyms will be closed forever.

Bob Knights Liver said:

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INTC also got passed in technology by their competitors.

---

I am not sure you all understand the history of CPU architecture.

INTC dominated the CPU space until AMD developed Ryzen. They held ~80% market share until around Q1 2019 when AMD started to close.

AMD surging is a recent development.

Even now it isn't that much different and INTC owns 65% market share.

Farmer @ Johnsongrass, TX said:

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I'm just commenting on some holdings without respect to your entire list.

BTI, down 4% - Great stock, paid .6804 div today, long term long.
DIS, down 30% - may want to drop this for other reasons - I am thinking just like you on this one.
GOOGL, down 23% - bought right after the split announcement - I don't look at it.
NVDA, down 34% - I don't look at it
OMF, down 29% - Pays a great div and I supplement income by selling Covered Calls, either a $60 or $65
PDI, down 8% - You'll be breakeven in 4 months or less.
PLTR, down 60% - I like this stock, but sold it. I'll re-enter at some point.
RIG, down 24% - Got rid of.
TTD, down 20.5% - I don't look at it.
WBD, down 29% (this was due to split of T share) - HOLD THIS.
WWR, down 76% but really don't want to let this one go right now - I'm riding to $20 or $0.

In the category...."Probably should just cut ties, but not sure where to put it"
The only ones on that list I own are,
ROKU, down 69% - Very small position and I don't look at it, will keep.
SAVA, down 75% - I will ride this to $100+ or to $0

The Green
T, up 1.5% - HOLD and Add
XOM, up 53.5% - I'm convinced it goes to $105 this year. I have several positions, short term trades and long term holds depending on account. This is an underappreciated O&G stock, IMO.

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Farmer I love this post. Much respect brother.

agdaddy04 said:

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Thanks everyone. I thought I had learned a lesson and then got so busy with work that I didn't focus. Obviously got hung up on trying to make a quick buck rather than with companies I understood. I'll get better at it, but dang expensive lesson. At least I'm 40 and not 50. Have a lot of good earning years left too.

---

If you want my 2 cents...after reading what you posted you'd be better off re-deploying your assets into a passively manged Index Fund (VTI/VOO...etc)...and contribute $X per month. You'd be DCA into the fund and wouldn't have to worry about the daily grind of individual stocks. This is not stock advice, just my opinion.

jj9000 said:

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agdaddy04 said:

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Thanks everyone. I thought I had learned a lesson and then got so busy with work that I didn't focus. Obviously got hung up on trying to make a quick buck rather than with companies I understood. I'll get better at it, but dang expensive lesson. At least I'm 40 and not 50. Have a lot of good earning years left too.

---

If you want my 2 cents...after reading what you posted you'd be better off re-deploying your assets into a passively manged Index Fund (VTI/VOO...etc)...and contribute $X per month. You'd be DCA into the fund and wouldn't have to worry about the daily grind of individual stocks. This is not stock advice, just my opinion.

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I don't think this is what this thread is for... i kid i kid.

hmm...WBD.....gonna hafta buy me some-o-dat

Ag13 said:

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ProgN said:

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Do you honestly think AAPL, MSFT, AMD, NVDA, AMZN, GOOG, etc., have become complacent like INTC?

---

These were not the names from the poster's portfolio I was referring to when I said many would never reach their all time highs again. These are good companies with real profits (obviously). It's the spacs and the ark names that got bid up so high for no good fundamental reason that aren't going to approach those heights again unless we happen to have another global pandemic with trillions of stimulus pumped in and people thinking that peloton will sell a bike to every home in America because gyms will be closed forever.

---

Agreed, and we were saying the same thing. The speculative junk won't participate in the rebound.

ProgN said:

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Ag CPA said:

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SF2004 said:

---

ProgN said:

---

Well my take on the current situation is that the bottom is very close after reading posts from today. We have people dumping AAPL, with 300B in cash, today. We have others now ready to cull their portfolios. If posts like this happened in our small group then you can bet your ass millions of families are having this same feeling and conversations tonight. Not to call out anyone here but I'll also add posts definitely saying some stocks will never see their ATHs again. I'm not giving any advice other than remember this when the markets are overextended to the upside and price targets are being raised daily, like 6 months ago. Everyone, including firms and 'experts', are forecasting the apocalypse. I have no issue if you want to sell junk but selling market leaders at these levels are more than likely to give you a double whammy when they rebound. IMO, retail capitulation is very close with people moving their 401Ks because 'they don't want to ride it down to zero'. Spoiler alert, they're not going to zero.

---

Everything is spot on except for the bold part. There are examples of strong .com bubble companies that are stables now but never reached their ATH from the late 90s.

INTC topped out at $76 in September of '01. The closest it got was $69 during the pandemic pump.

There will be some solid companies that got way overvalued and permanent bag holders were created.

---

Yep, anyone old enough to remember 2000 knows this. Granted that Microsoft did reattain its ATH after 17 years so there is hope.

---

MSFT adapted, INTC did not.

---

My smart-ass point is that, yes, MSFT adapted and is now a crown jewel but it took them a generation get recover their losses because of the ridiculous valuation they had in 1999. Look at the stocks we are discussing and think about which ones will take 10+ years to get back to their ATH. Screw the COVID stocks like Zoom, that is a given. Netflix and Meta for example, how long do you think it will take for them to recover?

agdaddy04 said:

---

Thanks everyone. I thought I had learned a lesson and then got so busy with work that I didn't focus. Obviously got hung up on trying to make a quick buck rather than with companies I understood. I'll get better at it, but dang expensive lesson. At least I'm 40 and not 50. Have a lot of good earning years left too.

---

You're not alone. My ROTH IRA was also plankton sized but it's down nearly 50% from it's February of 2021 high. It is what it is. Live and learn.

Man, even energy stocks got hammered today

Posted this chart before it happened as a warning. I'm just a redneck, chart degenerate, TA trader guy but warned of the potential death cross on the spike and rejection of the 21EMA. Yes all lagging indicators. However it crossed the next day and here we are. As it relates to EMAs look back and see what happens when the 50 crosses the 200.

Where do we stop. Don't know. But said I would be out if it crossed and sit on cash. Long term stuff meh don't care and sold covered calls. But trades I went out. Other than short, since it's tough for me to scalp intraday at the moment.

Ag CPA said:

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ProgN said:

---

Ag CPA said:

---

SF2004 said:

---

ProgN said:

---

Well my take on the current situation is that the bottom is very close after reading posts from today. We have people dumping AAPL, with 300B in cash, today. We have others now ready to cull their portfolios. If posts like this happened in our small group then you can bet your ass millions of families are having this same feeling and conversations tonight. Not to call out anyone here but I'll also add posts definitely saying some stocks will never see their ATHs again. I'm not giving any advice other than remember this when the markets are overextended to the upside and price targets are being raised daily, like 6 months ago. Everyone, including firms and 'experts', are forecasting the apocalypse. I have no issue if you want to sell junk but selling market leaders at these levels are more than likely to give you a double whammy when they rebound. IMO, retail capitulation is very close with people moving their 401Ks because 'they don't want to ride it down to zero'. Spoiler alert, they're not going to zero.

---

Everything is spot on except for the bold part. There are examples of strong .com bubble companies that are stables now but never reached their ATH from the late 90s.

INTC topped out at $76 in September of '01. The closest it got was $69 during the pandemic pump.

There will be some solid companies that got way overvalued and permanent bag holders were created.

---

Yep, anyone old enough to remember 2000 knows this. Granted that Microsoft did reattain its ATH after 17 years so there is hope.

---

MSFT adapted, INTC did not.

---

My smart-ass point is that, yes, MSFT adapted and is now a crown jewel but it took them a generation get recover their losses because of the ridiculous valuation they had in 1999. Look at the stocks we are discussing and think about which ones will take 10+ years to get back to their ATH. Screw the COVID stocks like Zoom, that is a given. Netflix and Meta for example, how long do you think it will take for them to recover?

---

I respect smart ass because I'm smart ass everyday. Meta should comeback faster than NFLX because they've invested heavily in VR. I think they're trying to aggressively adapt because they see that new members are decreasing and older members are leaving or dying off. NFLX is on a more difficult road. A lot will hinge on how their new lower subscription with ads takes off with the public. I hope it's successful because I nibbled on it at $216 but with people cutting back due to inflation, I'm not optimistic. It's a fund fave and should benefit from retail FOMO when the market turns. That said, it's now a trade instead of a plant and I intend to sell it for a small profit. I wasn't anticipating the selling the past 5 trading days and I'm sure that I wasn't the only one.

I wasn't calling you or anyone out with my posts. IMO, investors are scared and when they return to market the bigs will move while the junk will not. I bought 10K shares of WWR the last day or 2 of 2021 because I thought what they do will be apart of the EV craze. I'm not selling it, but I'm not buying anymore because money won't flow into little unknown stocks. If one of the fintwits pump it, then I'll sell it because right now I consider it dead money. That's all I was trying to say.