Today's Market 2/28-3/6

@Zeapelido got it cheap. I got it at $96 :sob: According to Master Wu, more pain before charging up to SPX 4100+ (should be QQQ ~400+ and TQQQ? 200? how to compute?).

Now, SPX is 3790 today, when it is 4100+, it is just 5.9% appreciation from now. SPX and SPY almost synonymous, but QQQ is always wilder than SPY, there is no direct co-relations between these two (SPY and QQQ) and we can not measure based one index.

The best way is to use EWT to calculate QQQ height, you can expect TQQQ is 2x of QQQ (with wave up and drops) instead of 3x.

Pains are always there when we miss the boat, otherwise pain is a loss on gain only !

However, every deep dip like this one market maker grabs the opportunity to get big amount at cheap price when no one expects to go up like yesterday 3% QQQ. If I guess more, tomorrow no one will come forward to buy any stock, but market makers will bring up to another big push 2.5%-3% (again guess work, may go wrong) and then keep quiet for retailers to bring up !

Second, never take it serious about Mr.Wu’s prediction until something happens in future. Until then Ride the bull run confidently.

I took today good amount of TQQQ appx $94.5 average and will try to see how much I gain. If this is successfully working, I may get rid of even MRNA & BNTX and ride with 90% TQQQ 10% cash mode only.

1 Like

image

I was thinking the same :slight_smile: I feel stocks are too dependent on business fundamentals and are easier to manipulate. Harder to manipulate indices.

1 Like

These stories are nicely written and reason & cause are perfectly fooling common people…

If market ends positive today, or goes up tomorrow, they write different nonsense to fool again common people!

1 Like

yes, because their business is selling ads, and ads need eyeballs. So they need people to click the link and read. :wink:

1 Like

It’s ok. $1.9T of pork spending is on the way!

What is happening with Okta?

Seems like a 30x premium to Auth0’s 200M revenue for 2020

Huge discounts on many quality names. Here are just RE related ones:

Zillow 34% below ATH
Redfin 33%
Docusign 27%
Opendoor 38%

For fibonacci lovers like @hanera

Zillow is a major crash victim

Fibonnaci is natural beauty. It exists everywhere in nature. Check it out yourself. Every man-made things that conform to fib ratios, you would feel natural, verify yourself.

1 Like

Is it only a correction? Big firms told us to expect 20% return for 2021.

Few stocks in my holdings are surprisingly green,

BRK/B
CAT
PG
REGN

What happened? There was a big rebound off the lows.

.

Media reason.

Real reason. Mr Market has flushed out all retail traders and have bought shares at dirt cheap prices, time to bring market UP again.

2 Likes

Charge point was down 20% at one point but ended up 10% higher in the end. 30% roundtrip in one day.

1 Like

Same thing for SoFi. The SPAC’s and ex-SPAC’s got taken to the slaughter house in midday and magically resurrected by day close.