Any takers of NVDA or UBNT or TSLA (not now)


#121

http://www.cnbc.com/2017/06/09/fang-stocks-slammed-goldman-compares-them-to-tech-bubble.html

This is what I was scared yesterday technology stocks running crazy without any correction. Good I have the clear understanding about the market, that is why I was worried yesterday, but not today.

Today, it is getting corrected, but the correction is a great buying opportunity. I sold lot of small companies where I had minor profits and bought TSLA and NVDA as I clearly see recovery and bull run again. In fact, I had a chance to buy NVDA at $144 today.

Next week, FED is raising rates to another 0.25%. Monday and Tuesday, market may be volatile again, then it goes up slowly.


#122

Can I ask a completely dumb question? What does shorting a put mean? As you can tell, I am clueless about options.


#123

Short = Sell
Long = Buy

Put = an option instrument giving you the rights to sell at a certain price called the strike price, the rights would expire on certain date. The buyer can exercise the rights anytime before expiry date.

Shorting a NVDA Aug 18 $135 put means you sell a put option that would expire on Aug 18 that would give the buyer the rights to sell you 100 NVDA shares at $135 regardless of what price it is traded at.

I believe you’re an engineer and hence good at maths, should understand the implications.


#124

Shorting or put on TSLA and NVDA is dangerous as both are volatile positive side.


#125

What is volatile positive side? If you mean uptrend, shorting put is perfect. Volatile is good otherwise not much premium to gain.


#126

Just update: Nasdaq futures are way down again. Looks like nasdaq will come down heavily next week, while DOW and S&P is going up. People say it is rotation, market makers are profit taking and moving to next sector.

I do not know , but some people are posting like this in reddit. Need to watch further!


#127

Relax. It’s not even Monday yet. Enjoy your weekend first!!! :slight_smile:


#128

Well, my consumer staples, utilities and energy stocks are green e.g.
AWR 3.38%
VZ 1.15%
CVX 2.31%


#129

Tech stocks down means direct impact to Bay Area real estate as no one will sell stocks, mainly FAANG or FANG to purchase home !


#130

Interesting Apple is down more than facebook and Amazon. Apple is so conservative even Warren “I don’t invest in tech” Buffett bought a boatload. Its PE is very low for a tech company.


#131

Lower price higher % change.
AMZN… $978.31… -3.16%
GOOGL…$970.12…-3.40%

TSLA…$357.32…-3.43%

NFLX…$158.03…-4.73%
FB…$149.60…-3.30%
AAPL…$148.98…-3.88%


#132

wuqijun…FB, AAPL, BABA, TSLA
manch…FB, AAPL, AMZN, Tencent
Jil…FB, AAPL, AMZN, TSLA, GOOGL
hanera…AAPL

Look like need to buy FB :grin: then AMZN or TSLA


#133

I also have 2 ugly ducklings: YELP and BIDU. Waiting for them to turn into swans…


#134

So are we going to see another blood bath come Monday? 10% correction? 20%? Or will it bounce right back?

I find it very interesting that Dow actually set a new high amid the tech meltdown. The economy backdrop is still very strong.


#135

Don’t know about Monday but will bounce back eventually.


#136

Financials and energy were up quite a bit. The S&P was barely down. It’s crazy how swift and intense the rotation was.


#137

IMO, pure guess work, it is likely go down Monday onwards. Market may come up in between one or two days next week, but will eventually go down as the YTD growth is 20% or more for may securities.

Whatever happens to Nasdaq will also catch up with DOW and S&P, at least next 3 to 6 months we have some temporary correction I expect.

As of now, nasdaq futures at minus 143 (bigger than friday 113)

I pray myself that I should be wrong !


#138

No, last Friday is definitely not a top for sure.


#139

I am not expecting a downturn or correction, but definitely temporary down very possible.

Here are the negative scenarios present in future six months. (Even though I include politics, but focus is on investment).

  1. For sure, Jun 15th rate hike 0.25% going to happen and FED will not raise rates until Dec 2017, waiting for economy to respond uncertain period.

  2. Sep congress has to vote for extending funding so that government can function. This is going to be difficult task.

  3. Trump wants to cut taxes (revenue to government) and increase big expenses (Defense). Congress will find it tough as it needs Trillions of dollars money printing which Voting will not happen.

  4. Trump’s tax cuts are not going to be reality in 2017. Added with it, so far Rate hikes results 1% (four rate hikes including jun 15th) that impacts bottom line of many companies.

All these results future temporary down fall is imminent. I may be right or wrong.


#140

So are you going to sell all your holdings then?