This decline is anything but docile. It is the third rail of a subway tract meeting your foot. It is a sucker punch to the nose. It is a grape rape. For two days now, we are relieving the horrible carnage of April and May, whereby high beta, high valuation, tech and biotech stocks are getting their faces kicking in. We are talking 5-10% moves lower, no bids, into a spiral of death.
This is the other side of the blade, when trying to play illiquid small cappers into a frothy tape.
I am 30% cash, yet I feel like I am 130% long. Most of my long term holdings are holding up. But the trades, the speculative stuff: ouch.
I am fortunate to have sold yesterday. I would have sold more, had I read today’s newspaper yesterday. I can only tell you that I believe this sell off will be shallow. Instead of licking your wounds, afraid to venture off outside, you should be thinking greedily now, preparing to position into the carnage.
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You like ANGI @ $11?
thoughts on twtr?
I like ANGI here: yes
I don’t like TWTR. But if the market bounces, it will go higher.
LEJU Fly? Down 10% in one day.
Sold it yesterday. Posted it
I know just thinking abt it. They have an exclusive partnered site with zillow launching this summer
Illiquid though
Buy liquid stocks now
Buyyyy, Buy, Miss her-o-in Pie
I hear ya just heard the same arguments last summer with VIPS BITA and YY and regret getting scared out of buying those
Grape Ape…Grape Ape
The hell wit it i bought leju into the close. They’re like the zillow of chinamanland. Goldman had a good note out on em yest. Valuations really low. Could see it triple by next summer. I hear the low volume thing but that’s the time to buy. Volume will grow as it goes up
well, this evening is definitely not steak…more like dominos/little ceasar’s tonight. pizza time!