My bet against the market ETFs are paying off nicely today.
Yet my small holding in bitcoin is taking such a bath that I am down a few $ for the day
Damn.
My bets against the market are killing it today and they are my biggest holdings but my small bitcoin stock is down over 7% and with Tesla down well over 2% I am still down a few bucks for the day.
My bet against the market ETFs are paying off nicely today.
Yet my small holding in bitcoin is taking such a bath that I am down a few $ for the day
Damn.
My bets against the market are killing it today and they are my biggest holdings but my small bitcoin stock is down over 7% and with Tesla down well over 2% I am still down a few bucks for the day.
You are not really committed to a negative market view with Bitcoin and Tesla, which is OK. Straddling the two outcomes.
My bets against the market are killing it today and they are my biggest holdings but my small bitcoin stock is down over 7% and with Tesla down well over 2% I am still down a few bucks for the day.
You are not really committed to a negative market view with Bitcoin and Tesla, which is OK. Straddling the two outcomes.
Not really.
I am betting on specific stocks to do okay while the general market falls.
A problem this week has been when the market tanked 1 to 2 points, some of my stocks tanked 6, 7, 8%.
If my stocks indeed fell 1% to 2% today like the market did, I would have cleaned up.
But my bitcoin stock was down over 8% today. So despite being only a bit more than 5% of my equities/ETF investments, that large drop killed the day. Along with smaller drops in TESLA (10% of my equity/ETFs; down 2%) and oil stocks (6%)
My bets against the market are @45% of my equities/ETF.
If Hussman comes thru -- should be a nice gain -- I will have a small positive day
I believe history supports that there are few places to hide in a severe bear market. I would expect Bitcoin and Tesla to be some of the worst investments under that scenario.
I think I'm going to take a very rare and very small flier on ON shoes. ticker ONON. "buy what you know' right? Use 40 years of running for something.
It's back to its IPO price from last year, down a heck of a lot since the bear market started. but still a very expensive stock because of its growth.
I'm seeing tons of wealthy people wearing them - mushrooming. They seem to make shoes fashion conscious people who still want to wear sneakers can wear. but not as crazy as some brands.
Anyway, I've been in some interesting places lately and they are just exploding in popularity.
It's been losing cash from ops lately...I'd like to know what that is about though. Probably just paying for fast growth.
I believe history supports that there are few places to hide in a severe bear market. I would expect Bitcoin and Tesla to be some of the worst investments under that scenario.
Could be.
Recent experience adheres to that...but when market up a bit, these have been up a lot
I think I'm going to take a very rare and very small flier on ON shoes. ticker ONON. "buy what you know' right? Use 40 years of running for something.
It's back to its IPO price from last year, down a heck of a lot since the bear market started. but still a very expensive stock because of its growth.
I'm seeing tons of wealthy people wearing them - mushrooming. They seem to make shoes fashion conscious people who still want to wear sneakers can wear. but not as crazy as some brands.
Anyway, I've been in some interesting places lately and they are just exploding in popularity.
It's been losing cash from ops lately...I'd like to know what that is about though. Probably just paying for fast growth.
I think I'm going to take a very rare and very small flier on ON shoes. ticker ONON. "buy what you know' right? Use 40 years of running for something.
It's back to its IPO price from last year, down a heck of a lot since the bear market started. but still a very expensive stock because of its growth.
I'm seeing tons of wealthy people wearing them - mushrooming. They seem to make shoes fashion conscious people who still want to wear sneakers can wear. but not as crazy as some brands.
Anyway, I've been in some interesting places lately and they are just exploding in popularity.
It's been losing cash from ops lately...I'd like to know what that is about though. Probably just paying for fast growth.
yeah the risk is buying an expensive stock that has been falling. Statistically that is more of a short than a long proposition.
Looks like ONON is currently between 1 and 2. If going to 2, compare to DECK's ( Hoka ) EV/Rev. Off to the dunes near P-Town, watch the sunset and drink some Gigondas.
The lifestyle in P-town tends to be far more lethal than the sharks. I was out on the cape a number of weeks ago. The only shark I caught was about three feet long.
yeah the risk is buying an expensive stock that has been falling. Statistically that is more of a short than a long proposition.
I advised a client proceeding toward divorce to get a qualified attorney, and take any distributions out of a retirement account via a Qualified Domestic Relations Order (QDRO). The client ended up getting poked by not listening, and faced a significant tax bill by incurring a large distribution under his Social Security number. He was pissed at me until I forwarded him the previous email documenting my advice.
yeah the risk is buying an expensive stock that has been falling. Statistically that is more of a short than a long proposition.
Looks like ONON is currently between 1 and 2. If going to 2, compare to DECK's ( Hoka ) EV/Rev. Off to the dunes near P-Town, watch the sunset and drink some Gigondas.
yeah I'm souring on this deal...its market cap is already $7 bn....Puma's is only $10 billion per yahoo....sort of hard to see ON getting a mkt cap much bigger than it is now. And it seems to have just taken on a lump of debt.