I agree with you. All I was saying is I think INTC getting passed by AMD in tech was what kept INTC from being on the 2020-2021 FOMO crazy green ride we saw with tech industry leaders, like MSFT.
I'm not entirely sure what point you're making, but stocks have been destroyed.SoupNazi2001 said:ProgN said:Agreed, and we were saying the same thing. The speculative junk won't participate in the rebound.Ag13 said:ProgN said:
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.Beware the 50/80 rule. When a secular leader makes a major top, there's a 50% chance it will drop 80% and an 80% chance it will drop 50%. The average decline of a former leader is more than 70% peak to trough. I assure you, FANG stock WILL eventually make this list. pic.twitter.com/ZqXihHd3xn
— Mark Minervini (@markminervini) January 17, 2021
I'm not leaving, unless I get sent to banned camp to center my Zen.BaylorSpineGuy said:
Just in time for me to come back from my world premiere st the theatre (and the absolute brutality that was the oral boards) to see the thread leaders jumping ship?!?
Those "I don't look at" stocks. I will not sell. I'm 62 if that makes any difference.agdaddy04 said:
For the ones you say "don't look at it" is there ever a time you'd sell or no?
Just to add to this, no one should ever mock anyone else. Experienced traders should never mock newbies or the newbies calling out olds because they tripled their account with 7 homeruns in row, the market will humble you. No one has discovered the secret and figured it all out or you wouldn't be on this thread. In here we all want the same goal and freely share knowledge, even if we can't stand one another on other boards (ahem, F16). The experience and wisdom freely shared on this thread is so special and something I'm honored to be a part of.$30,000 Millionaire said:
I got mocked in the early 2000s. I remember posting that I liked HPQ when it was $8 (post splits) and getting ridiculed when it had a down day.
I was also one of the first to buy AIG, Citigroup, and BP.
I appreciate all of you, but if you're new, please read about 20 pages first before you post.
Fixed it for you. Suggest starting with the first 200.$30,000 Millionaire said:
I got mocked in the early 2000s. I remember posting that I liked HPQ when it was $8 (post splits) and getting ridiculed when it had a down day.
I was also one of the first to buy AIG, Citigroup, and BP.
I appreciate all of you, but if you're new, please read about 200 pages first before you post.
Understood, that's why I recommend focusing on the bigs because institutional money will flow into them first.SoupNazi2001 said:ProgN said:I'm not entirely sure what point you're making, but stocks have been destroyed.SoupNazi2001 said:ProgN said:Agreed, and we were saying the same thing. The speculative junk won't participate in the rebound.Ag13 said:ProgN said:
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.Beware the 50/80 rule. When a secular leader makes a major top, there's a 50% chance it will drop 80% and an 80% chance it will drop 50%. The average decline of a former leader is more than 70% peak to trough. I assure you, FANG stock WILL eventually make this list. pic.twitter.com/ZqXihHd3xn
— Mark Minervini (@markminervini) January 17, 2021
There are not absolutes when it comes to the market so nothing should be taken as gospel. Sometimes you should consider other factors than technicals, PEs, etc and evaluate the whole picture. WHEN the correction is over where would you put your cash if you were a fund manager? People are not going to stop contributing to their 401Ks each payday and that cash is accumulating everyday, it will have to be put back to work. That's why I've posted several times to focus on the bigs because that's where the money will go. That's why I'm scaling into them because I don't know when the bottom happens but I don't want to miss the ride up when it happens.
Point I'm making and he is making is many of the leaders of this last bull market, will underperform going forward. This has been a stealth bear market thus far with NASDAQ names and high growth companies doing far worse than the S&P. Almost 50% of NASDAQ names are down more than 50%. This is what happened in the 2000 bear market as well and then the S&P played downside catch up big time.
That's a real possibility. Probably more sure than the dang markets.ProgN said:I'm not leaving, unless I get sent to banned camp to center my Zen.BaylorSpineGuy said:
Just in time for me to come back from my world premiere st the theatre (and the absolute brutality that was the oral boards) to see the thread leaders jumping ship?!?
FJ43 said:That's a real possibility. Probably more sure than the dang markets.ProgN said:I'm not leaving, unless I get sent to banned camp to center my Zen.BaylorSpineGuy said:
Just in time for me to come back from my world premiere st the theatre (and the absolute brutality that was the oral boards) to see the thread leaders jumping ship?!?
Love ya Prog!
Going good. Working to expedite it so I can get back to the madness in shorts, Chaco sandals, Colombia fishing shirt and of course Gus the rally Resistol.Farmer @ Johnsongrass, TX said:
Thanks. You're welcome. I hope your gig is going well.
$30,000 Millionaire said:
You mother f uckers are stuck with me now.
The good news is if the S&P drops 3% every day you’ll lose less and less money each day
— Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) (@ParikPatelCFA) May 9, 2022
Heck yes. I also bought TQQQ small today too.$30,000 Millionaire said:
Because we are getting into buy territory:
I bought TQQQ for a bounce trade. Small.
What I'm going to buy with some cash:
-IYM
-XBI
-FDX
My son puts out carrots and apples at night because there's a family of cottontails that come up and eat it at night. He loves it and he informed me he was going to catch one to have as a pet. I took the under on that bet.Farmer @ Johnsongrass, TX said:
Pretty much nailed us. That is the woman I married sans the accent. She's a Kansas gal and she's all city. I'm down to all hat and no cattle. My cows are my stocks these days. Came back from the nursery yesterday and planted $125 of ornamentals that I am sure the visiting rabbit in our yard thinks is the new buffet. I can take care of that rabbit in short order, but the wife wants me to promise it goes to a witness relocation program across town. ... something Lisa Douglas would want Oliver to do.. Can't make this stuff up. LOL! You must have a hidden camera in our home.
Goodness XBI got murdered.$30,000 Millionaire said:
Because we are getting into buy territory:
I bought TQQQ for a bounce trade. Small.
What I'm going to buy with some cash:
-IYM
-XBI
-FDX
YES. Do you happen to live in Muck City?krosch11 said:
Well the plus side is, if you lose that bet he has elite speed and his college will be free