I know it’s tempting to dive back into the pool, swim about the water, drink some pina coladas like an upright walking pig. Truth be told, there isn’t any water in the pool and you are diving into a cement bottom. Do not allow the mirage of a one or two day rally lure you back into the shark infested waters.
Yes, I am long and have been long for quite some time. No, I do not believe now is the time to start buying high valuation tech again, despite the fact that they are oversold.
For a moment, put yourself in the shoes of the millions of people who got caught in the tech meltdown maelstrom. Now imagine those holdings lept by 10-20% inside of a month. Knowing the pain you felt at the lows, don’t you think you’d sell after receiving a respite? All of these FEYE, WDAY and SPLK’s are diseased and should be discarded from anyone’s portfolio, before the next guy does. I have nothing against these companies, per se. However, I do know price action and resistance. These names are broken. Broken stocks take time to recover, months and months and months. Now is hardly the time to go venturing off in a bunch of stocks down 65% over the past 3 months, hoping the selling climaxed.
Instead, you can get better returns with stocks that are in uptrends, without having to worry about bear raids. Some of my holdings that are surging ahead, with little overhead resistance include AFOP, FANG, ACE, WCC, even MA looks good. Granted, holding a portfolio of mature stocks won’t permit you to enjoy unchecked hedonistic returns. However, they won’t blow your arms off either. I believe it’s a good time to stop charging Omaha beach. The NAZIs have won. The resistance is too great.
Go chill out in England and collect your dividends. Be content with the small smidgen of land that you still possess.
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Is anything more transparent than the extreme leftist bias of John Harwood? How can CNBC call him a journalist? He is simply spins every story for the weak minded who listen.
John Harwood took part in the Million Man March
this market keeps going up .
Does the Island of Burano count as “Europe?” if so, I’m relaxing for sure.
One night Godzilla will have imploded then we will find out what this tape is made of.
many of you should realize there’s no levels/resistence over the top
“Piece in our time.” (Sic)
Wish I had bought more NFLX at $340.
The Nazis never lost power, they just killed their Army
Good day!
TWTR ON SALE!! buying here at 31.31
If you’re worried about getting caught in the melt down just buy and hold TZA
I see a double rainbow
revival of mjna sector is behind the corner .
Fly, did you just here that Ocare bailout conversation on CNBC? With rates set to spike later instead of now. Ah, after the elections. The manipulation has no bounds.