Down goes the Dow

Maser wrote:...I bought a bunch of BTI and IMBBY...in an HSA account.😂

What do you know that we don't know...?

investing noob wrote:

I hope one day Tesla gets traded based on fundamentals and goes back to $200-300 where it belongs.

I made my money on it, got hood/lucky and sold at the top.

Funny enough, yesterday I was contemplating selling my bitcoin and putting it into gold or oil. Maybe tonight.

Nothing, as far as you know.😂

Have been building dividend portfolios for a while now. That BTI is already way up on the year, as are other things.

Like I told you before, if I am silent on something, then something is up—except for small stuff like bitcoin.

Speaking of which, your sub-20k might not be a bad target.

Maser wrote:

investing noob wrote:

I hope one day Tesla gets traded based on fundamentals and goes back to $200-300 where it belongs.

I made my money on it, got hood/lucky and sold at the top.

Funny enough, yesterday I was contemplating selling my bitcoin and putting it into gold or oil. Maybe tonight.

Nice job!

Also continuing Nestle buy. Part of gaining some currency exposure.

Also have bought a bunch of BP.

Etc

Now I am looking seriously at US tech and waiting, like agip.

Also just maxxed out 2022 TD IBonds today. Might max out purchase via tax return later.

Maser wrote:Like I told you before, if I am silent on something, then something is up—except for small stuff like bitcoin.

Well, I'm going to have to call you on that statement. "If I am silent on something..." applies to a whole lot of somethings, even when you are being particularly talkative, and doesn't really narrow things down very much. :-)

Things that are “things” generally under discussion, not just anything.

Rotation to value currently being a “thing” under discussion.

Tech continuing its slide after hours.

My trbcx continues to get absolutely slaughtered.

Mysteries of Karnak.

Could the GME story be starting to un-tell itself now?

Porsche Cayman:

Just five out of eight indexes on our world watch list posted gains through January 18, 2022. The top performer is SARK up an amazing 21% YTD, followed by HSGFX higher by 7.05%, India's BSE SENSEX with a YTD gain of 4.29%. Hong Kong's Hang Seng is in fourth with a gain of 3.06%, and London's FTSE 100 is in fifth with a gain of 2.42%. Coming in last is our own S&P with a loss of 3.97%.

Ghost of Igloi wrote:

No, over owned, popular, fad winners.

Being popular, or a fad, is far from the same as being over owned. Given than any equity has a finite amount of shares at any given time, you can say it is “fully owned”, but it is impossible for it to be “over owned”.

Aforementioned stocks are over owned in virtually every equity index, and every large cap mutual fund. One reason a 70-85% drawdown is likely as investors abandon the sure thing that proved to be a poorly thought out fantasy.

wondering wrote:

Ghost of Igloi wrote:

No, over owned, popular, fad winners.

Being popular, or a fad, is far from the same as being over owned. Given than any equity has a finite amount of shares at any given time, you can say it is “fully owned”, but it is impossible for it to be “over owned”.

eh, disagree.

there are different kinds of ownership.

For example, GME was overowned by individual investors. That money has proven stickier than I thought, but still they have sold and the stock has dropped from 483 to 106 today.

Other stocks are over-owned by hedge funds and subject to the same sort of buying and selling, for the same reasons. Creating a 'rocking boat' phenomenon when hedge funds run in all together and run out together.

Those are examples of being 'overowned.' They don't have a steady diverse group of shareholders that buys and sells for different reasons. It's a bunch of the same people, trading on the same causes. Not great.

Maser wrote:

investing noob wrote:

I hope one day Tesla gets traded based on fundamentals and goes back to $200-300 where it belongs.

I made my money on it, got hood/lucky and sold at the top.

Funny enough, yesterday I was contemplating selling my bitcoin and putting it into gold or oil. Maybe tonight.

Sold mine yesterday.

Just seemed pointless, going nowhere for so long, and that's not really what a highly speculative MOMO play recipe for success. Plus, too little in there to make it worth the distraction.

Overall, it looks like I lost maybe 10 % or 20% this go around, which would normally have me concerned but doesn't amount to much in real terms, and very much offset by stock market returns.

Futures pointing up at this time, but boy have they been reversing often these last few days, so no telling.

seattle prattle wrote:

Maser wrote:

I made my money on it, got hood/lucky and sold at the top.

Funny enough, yesterday I was contemplating selling my bitcoin and putting it into gold or oil. Maybe tonight.

Sold mine yesterday.

Just seemed pointless, going nowhere for so long, and that's not really what a highly speculative MOMO play recipe for success. Plus, too little in there to make it worth the distraction.

Overall, it looks like I lost maybe 10 % or 20% this go around, which would normally have me concerned but doesn't amount to much in real terms, and very much offset by stock market returns.

Futures pointing up at this time, but boy have they been reversing often these last few days, so no telling.

Bitcoin ATH by next month confirmed

Prof. Racket wrote:

seattle prattle wrote:

Sold mine yesterday.

Just seemed pointless, going nowhere for so long, and that's not really what a highly speculative MOMO play recipe for success. Plus, too little in there to make it worth the distraction.

Overall, it looks like I lost maybe 10 % or 20% this go around, which would normally have me concerned but doesn't amount to much in real terms, and very much offset by stock market returns.

Futures pointing up at this time, but boy have they been reversing often these last few days, so no telling.

Bitcoin ATH by next month confirmed

Yep. I don't know how i can be so consistently terrible at trading bitcoin, yet pretty good in the market.

I just figured my actual loss and were talking 60% in a little over 2 years.

If it started moving again, I'd consider fooling with it, but probably more out of pride than anything.

Year to Date

SARK +23

Energy +16

VXX +10

Hussman +7

EM Ex China +1

Emerging +1

Gold +1

Financials 0

Value 0

Developed Ex-USA -1

Schwab Div -1

China -2

Treas -2

Junk -2

60/40 -3

Qual Corp Bonds -3

TIPS -3

Utilities -4

SP500 -5

TSLA -6

USA -6

Small Caps -7

Weed: -7

REITS -8

Cons Discr -8

BTC -9

Tech -9

Retail -10

PTON -11

QCLN -13

ARKK -20

GME -28

Strange to see junk outperform quality bonds. Why does that keep happening?

Obvi a shedding of high beta, high risk assets.

good to see value holding up so well. And non-US assets are having no real problems.