So far selling CYBR and ONCE proved to be a smart move. But now comes the part when the markets are rising and I have a boatload of cash and nowhere to allocate it.
Today’s market gain is nice, but it feels tepid. Lots of good stocks are down and others are marginally higher. The rally lacks resolve and could reverse by late afternoon. Plus anyway, none of this counts until after Thursday’s Fed decision.
I am fairly certain that if the Fed raises interest rates, it will spell doom for equity prices. Maybe the initial reaction will be bullish and maybe shorts will cover no matter what they do. But after the dust settles, I think investors will come to realize how fucking delusional a person this Grandma Yellen is.
Aside from that, I have to be somewhere Thursday and will not be able to trade. So, the best course of action, for me, is to sit tight and make the best of a small book, one with AMCX as my largest equity position.
What are you clowns buying? Tell me what your largest position is and maybe I’ll join you.
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$SGEN
i own sgen too
C
$F
CHK
AGN
$GILD, has been largest position for over a year now
$SFM. Granola!!
GS
$AMCX and $AFSI
UVXY and JNUG. Slight size advantage to UVXY, but both are bigger positions ahead of Thursday.
$SBUX
I am sitting in cash until next week. Lets see what the Fed does. I’m in no hurry.
Market likes Dead people. Nice call with AMC. Why bother throwing cash at market until it settles down. Think .25 rate hike will tumble market initially and then buyers will flood dip. The rate rise has been speculated about for so long it has lost any long term shock value. Patience rules as always.
Are we going to zero?
$XIV
NVS
Idea. Don’t trade for a few months.
JUST WAIT!! WHY DO YOU GUYS FEEL THE NEED TO TRADE EVERYDAY!! FOR THE LOVE OF PETE. JUST SIT ON YOUR DAMN HANDS FOR A WEEK OR TWO. You will be rewarded with a 10, 20,30k trade IF YOU WAIT!!
Wait, Sloop, how do I get rewarded for 30k? Where do I sign up?
Maybe that’s not much for a single trade for you. But it is for me
+1
that was a +1 to FLY..
where do I sign up for the 30K??
And I get them quite frequently but the secret is waiting for the stock to come to you. I believe they’re going to take this market down, way down just a matter of waiting for it to happen
I don’t get what’s so funny who sneezes at 30 K?
What is the secret fool ?
My butler.
It’s not the money, but the method. We all want to know the secret of having a stock come to you.
For example, shares of BTU have been coming to investors for the better part of 5 years now.
Funny you mention Peabody I bought that at 1.12 two weeks ago and sold at 1.80 That was a great trade. And in fact my last trade. What I do is look at weekly support and have a list of stocks that I watch when one hits support I buy at strong support. Most of the time it bounces. This market is not working so well. using that method
Look at BABA action today, has this thing finally bottomed? The Barron’s bottom? I bought more YHOO
AMBA
AAPL
getting in front of the oil move..UWTI
FEYE….with a splash of ARNA
CALM USAT
Why in the world is the short float on that ~33%?
THS and WWAV Good set up in raw material price right now and both of these will run.
Gild and appl are tied