If you want to delve into the trash heap of Wall Street and buy some illiquid chinese stocks, you might make some money. Other than that, everything is down. The higher rates go, the more people sell their stocks, fearing some sort of “black swan” event might take place.
Aside from buying a little DDD today, I don’t have an interest in buying the decline, just yet. Perhaps I will feel different about it tomorrow. I am more of a momentum buyer, if anything else. Essentially, I am being greedy, awaiting for good prices to buy more IMMR, AMBA, POWI and YELP.
With my core positions heading lower, I might as well keep my cash available, to buy more core.
Unless something pops out at me as a “dunk shot” play, I am going to wait for the market to turn, then step in and buy.
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Funny, With 2.80% on 10 year I would expect more Panic w/Flash Ugly PMI’s pending out of China (EU weaker over VaCa)…Lot of Bulls are out there trying to buy this mess right now imho.
I mean, 2.90%…lol…amazing.
I bot a little CREE, some WETF, and some BX calls…. What’s up with the Bx decline?
tied to market weakness and possible closure of IPO/secondary market.
what’s your opinion about NQ?
dont like it
also thinking TLT could be a sweet long right here(102.50). might go after some ZB futs.
I’d wait for $100
fly, why are you holding individual stocks when your bias is that the market is selling off? why not short via index etf (1x, 2x, 3x). for example look at immr, it is trading very thin and selling off. i wouldnt hold that but rather devote the $$$ to a 2x etf index short for example.
Because the over arching trend and bias is to the upside. I’d rather wait for stocks to come down, buy them, then sell.
Playing around with inverse ETFs is for the day traders.
what green shoots do you see?>
Why do I need green shoots for higher stocks?
hum-mm, if the governments around the world are fighting this down turn, they suck at it. we create problems so we can fix them. this time we’ve dug a deeper hole to get us out of the one we are currently in. we are like frogs in a pot of water, there turning up the heat, i can smell the fear… they went too far.
I think two oversold plays are REGN and BRCM. REGN down 12 days in a row. BRCM 20% below its 200day, value hedge funds buy these and sell 20 trading days later with no questions asked. Usually yields an average return of about 10%. These are both slam dunk trades for mean reversion imo.
BMY on the same idea here