There’s a massive rotation into covid recovery plays: hotels, airlines, cruise ships, casinos, etc. People are selling off tech winners.
3 Likes
Exactly, all ATH will be down, and beaten will go up…
So JC is RIGHT!
Tesla below its 50 day right now. Will it bounce back before close today? Last time it was below 50 day was November 2020. It was around 450 back then.
.
According to you, TSLA goes, market goes. Panic yet?
If I guess, this is the better time to start buying it now…Mostly like around the bottom.
BTW: Not a stock or investment advice, this is posted for discussion purpose.
Would be very miserable to panic on every few percentage points of moves… are you OK?
1 Like
I am in a fetal position.
I am in joy…buying spree…going on…
Are you happy? QQQ is $324 and nearing your $322 position…
1 Like
I see you are a sadist! Having fun at my expense.
QQQ is in between 1 to 1.618, need to check whether it is 1.382 which is another common number. ToS is weird, jump from 1 to 1.618 and didn’t have 1.236 and 1.382 which are pretty useful.
1 Like
This is just approximation, not an exact number…QQQ $322 is perfect today…Expected this today as I was skeptical on Friday.
However, this correction has to stop today, otherwise it is a hell !!
Is today’s bottom in?
Depending on the stocks, but market volatility will go up to 11 or 12 PST…
[edit:] Market Reached bottom !
Higher the correction, better the jump in future…Then both hanera and wqj tout buy & hold wins ! 
Yep. Started going in big into X, JETS, XLE etc last week and I’m even back into AMC. 
2 Likes
Notice all these stocks are mentioned by Paul 
Algo_382. Did he use algo to screen them?
If QQQ doesn’t recover 
from here (your dreaded time 11 PST is over), better go to 100% cash 
Inferno 
Answer: No.
1 Like
Sold my CCIV for a 400% return. Moved into some other speculative positions.
2 Likes
Market may be again volatile tomorrow…Today or tomorrow is not right time to sell, but to buy !!
[Edit after the market close]:
Today sale is over, end of drop ! Pre-market may be red, but guessing tomorrow market closes positive !!!
BTW: All guess work and some inference from data which may go wrong.
2 Likes
1 Like
I saw Paul’s tweet about X and that had me load up a even bigger position. I’ve also been holding a lot of speculative uranium positions as well. Buying AMC was just pure luck as today the rotation was coming from tech to covid recovery stocks. Looks like AMC will jump quite a bit from now on. I’ve had XLE since last year but loaded more. Wherever I can get ideas, I’ll take!
1 Like