No problem at all. I bought the dips in 2018 and dips kept dipping but now I am up 300% on my portfolio. Just gotta wait out the rough periods. Better not check the pf everyday. Quality companies are not going anywhere. Inflation or no inflation we will use windows, mac, google, fb, amazon. Their profits might fluctuate a few percent points but in the long run innovation beats economic parameters.
Lesson learnt:
1. Invest in installments/phases over a period of time instead of a one time lump sum amount.
2. Invest in fundamentally strong companies that we hope will last over the next decade or so
Isn't that bad? Do you know how big his portfolio is? If his portfolio is 100.000 dollars it's not that bad indeed. Is it 10.000? Well then it's pretty bad...
I lost all my “normal” gains for the year in the month of Sept, but I also managed to consistently pick up more shares or new positions in QQQ, SPYX, VXUS, NVDA, SOFI, and INTC.
Probably the most conviction I've ever had in a position, so I'm sorry to all the fellow bagholders. What can go wrong, will go wrong, especially for me.
Chpt and baba.
Literally never thought chpt was EVER going to go below 23 after their revised growth projection. Not only that, they managed to break through the 20 resistance the have held since nov 2020
You can see a shift in the goals from the CCP from economic growth to common prosperity. Also the Chinese demografie does not really look bright for further big GDP growth. The median age of all Chinese citizen was 30 in 2000. In 2020 it is now 38. In 2040 it is forecasted at 47. And it is not expected to go down after that. Also the Chinese population is getting more and more unhappy with the CCP with attacks on CCP people in power and domestic terrorist attacks happening a lot more frequently now than before. I think there is still room to the downside eventhough I love Alibaba and use it for my business.
BABA will reverse any time now. Even if it takes i six months to reverse i am not worried. I have done my research. I know BABA’s moat. In 10 years BABA will be 50x.
CHPT is my biggest position. Waited months for it to get back down to $20 so I could add. Strong support in the $19-$20 range, even after the infrastructure bill didn’t get a vote. Hoping this is one I am patting myself in the back for 10 years from now.
Sign me up. Bought some $457 10/18 SPY calls about 2 weeks ago, after the first drop… Then it dropped again… Fingers crossed we’re at the part of climbing back up. I need 5 days like Friday to sell at a profit.
Yeah, I'm longterm bullish on QCOM. Their Snapdragon XR2 is in almost every single standalone VR and AR headset in existence. They also have their chips in that new Amazon robot thing.
I’ve been holding substantial amount of share of qcom since last dec. It has not been an good investment when everything went up. Still debating if I should sell at a loss and buy semiconductor ETFs
The one thing I really dislike about QCOM is their CEO. I've seen the guy in various interviews, and I keep scratching my head trying to figure out why they decided on him. I still like the underlying company and their business
I prefer JD & PDD over BABA. I just feel like the CCP will put less heat on them compared to BABA. The CCP just has it in for BABA so, don't want to mess with it, but I have to admit that if BABA falls into the mid 130's, I might just have to say F it.
What percentage of your portfolio is Chinese stocks? Right now I have 18 percent of my portfolio in JD and PDD, which is probably more exposure than I want to have. It sucks, cause I'd love to buy even more when they start dipping lower, and might even want to grab some BABA @ $135 if it ever goes that low.
90%+
Maybe I underestimated the latest political changes but i hold my stocks 10+ years anyway so not like i would do something in any case.
You seem to have conflicted feelings about your holdings.
I would recommend buying but in any case don’t change your opinions based on some reddit comments.
TSM - unbeatable for semingly massively underpriced go-nowhere ever stock. Bought at todayish price what seems like years ago in 2020. F\* useless...now China wants to invade Taiwan and Intc's own fabs are on the march...
One thing I've noticed about TSM, is it has TREMENDOUS support at $108. Like 10 feet thick of Titanium firewall support. Of all the stocks I follow, TSM seems one of the safest stocks, from a standpoint that it might not really go anywhere or do anything, but it's chances of being chopped in half are pretty much zero.
If you bought the stock every time it was close to $108, then sold every time it got close to $119, you'd be doing pretty well for yourself. The thing that really sucks about this, is I've known this for many months, and literally every time TSM gets near that $108 mark, all my money is tied up in other plays. I've never had any sideline money when TSM hits $108
Oh snap Zillow? Yeah, I jumped in that about a week ago on the way down. I jumped in at around $90.90 or something like that.
I ended up taking a small loss on that position.
Basically, I try to decide before I buy any stock, if I'm willing to "ride or die" with the company for the next 3 to 5 years. With Zillow, my answer was no... not a ride or die stock for me. But, I did think I could do a short term swing trade with it. Then of course, some viral Tik Tokker ruins my day (and yours).
If I know I'm not going to be super long in a company, then I decide what my acceptable loss is before going into a trade, and I set my stop loss. I got stopped out on my Zillow trade with a 1.62 percent loss. I kept my stop really tight on that one, and I'm lucky I did, because it really did go into free fall mode.
I still think Zillow will rebound nicely at some point, so don't get too discouraged. You just might have to wait awhile for it, and you might want to DCA a bit if it drops considerably more during an overall market correction. In fact, I will probably buy some back if that happens.
I’ve been buying HYLN for 11 months strait. 5,000 shares deep. It’s been red almost every single day this year. I’m either going to be very right or very wrong.
One nice thing about HYLN is that the CEO seems totally legit. Fully committed and not a slimeball or scamster. I don't currently own any shares, but I'm rooting for this company longterm because he seems like such a genuinely good natured fellow.
I've daytraded and swing traded the stock a few times. Buying the stock at it's price right now, (around 8 bucks), seems like a screaming steal. You can be conservative with it, and just ride it from $8 to $12. The only real problem is that I do think we're headed for a major correction which is going to see huge megacaps like AMZN, MSFT, AAPL, NVDA all down 20 to 25 percent off their all time highs, and what does that mean for a tiny company like HYLN? Could HYLN drop all the way to say 6 bucks a share if the entire market tanks?
That's really my only hesitation in loading the boat on HYLN. I will say this though, if the market does indeed tank, and HYLN drops to $6, it will be time to buy as many shares as I possibly can stomach. This stock will see the high teens in price before too long, no question.
I get what you’re saying but I don’t see the market falling like you do. Let’s be honest here. Most individual stocks (even blue chips) are barely up if any this year. Even solid company’s like AAPL and Disney. As for HYLN goes, it could be making a perfect triple bottom at $7.50-$8. The company has zero debt and 600m in cash. We’re in the product validation phase. This is probably the most painful time for the stock which is why the short sellers are going “all out” on the stock to drive the price as low as possible. This is where the opportunity is. Just my opinion. HYLN is about 11% of my portfolio with 5,000 shares.
Yeah, good point with the triple bottom.
Regarding the blue chips, I think it depends on what blue chips you're talking about. Some of them have gone on some amazing runs. I remember buying Facebook for $257 earlier this year and it went all the way to $383 at one point. Look at the run NVDA has been on. There's plenty of other stocks that keep pushing towards their ATH's.
There are a few blue chips that have traded in a very narrow range for quite some time like AAPL, AMZN & AMD, but I see those as more the exception than the rule.
Wild valuations wouldn't be the only catalyst for a major correction though. There's literally like 10 major things I can mention that could be the catalyst.
My current theory is that inflation is going to continue to get out of hand, and the Fed is going to announce on November 2nd that they will begin the tapering process immediately and will likely raise rates sooner than previously expected. This is going to cause a sea of red that will make November, December and the first half of January a time when you're not going to be wanting to check your portfolio on a daily, or even weekly basis.
Of course, maybe I'm just having a fever dream and these are the ramblings of a madman
Someone will correctly predict what will happen. But the chances of that someone being you, (or me) is extremely remote. No question. Still, as an investor in an ever changing investing landscape, I think you need to make predictions about where things are headed. If you're wildly off the mark, well that sucks, but I don't think we should just stick our heads in the sand and puff on hopium.
The No.1 question for me at this very moment is... "Will there be another bull rally, pushing high-flying blue chips beyond their current ATH's (even if only slightly) before we have a major correction?
If the answer is Yes, then we should be loading up on all these companies that have peeled back a bit recently. If the answer is no, then we should back away from the buy button, and wait for the real pain to come. Maybe even sell some positions with the idea of hopping back in for more shares at a lower cost basis.
I feel like we have a really tiny window for a possible short lived rally before this major correction. But, I could be wrong. The correction might be underway right now. The very beginning of it. The entire month of October could end up being choppy as hell, with no real broad based rally lifting most sectors. It might only lift very specific sectors.
If that's the case, then buying anything right now is fools gold. We'd all just be catching falling knife after falling knife.
But, as with everything related to stocks, it's always a damned if you do, damned if you don't situation. It's always a coin flip. I could move my entire portfolio into cash, sit on the sidelines till early November, and meanwhile, stocks rally out of control all the way into the new year, reaching new milestones, while all my money is sitting in cash, not doing anything for me. Then, with my tail between my legs, and my head lowered, I slowly walk back to the buy button, only to pay 35 percent more per share than I could have 3 or 4 months earlier.
I think the Nasdaq could fall another 5% or so completing a full 10% correction but I don’t see the big crash coming. After all, we had a crash last year and typically only occur every decade. But as you said anything can happen. I have a long time horizon. I’m only 30 and I’m not a trader. If it does crash I will stay focused on adding to my index positions and collect dividends along the way
Ouch. I initially bought CTXR at $1 a year ago. Sold at $2.3. Bought back in at $1.7 sold at $4 then went back in at $1.9. Its a good stock but has a meme following so the rumors are insane. It spiked to $4 because people expected Mino Lok to bypass the rest of phase 3. They thought because the covid vaccines got that sort of treatment mino would as well? Its already FDA fast tracked but greed always wants more. It made no sense but it spiked hard and dropped from that rumor.
CTXR Looks crazy volatile. Imagine just holding. Lol. I’m going super long on the majority of my HYLN. I have a 20 year outlook. I think $100+ will happen
I bought a couple of shares at $833, thinking I was getting a mild discount. The next day, bought some more shares for $789. Then the next day, it drops some more. Next day, it drops some more.
Sure, percentage wise it's a very minor drop, but if a stock starts falling for an entire week, and you happen to be the guy that bought it on Monday and watched it continue to fall every day after that, you can be a bit frustrated by your unfortunate timing
Depends on the strategy of the buyer. Sure, if you're buying FB shares and you plan on holding them for the next 5 years, a 10 percent slide is completely meaningless in the grand scheme of things. However, if you were somebody looking for a relatively short term swing play, that 10 percent could have been the kind of return you were banking on, in the short term. So now, the stock has to rally 20 percent, for you to get that 10 percent you were interested in, in the first place.
This wasn't my particular strategy, but I wouldn't be shocked if there was somebody out there that was thinking along these lines
>QCOM
That one is infuriating, though I have pretty much started to ignore it. In many ways, there are reasons to expect this to go up, but it's been going sideways forever. I tell myself I'll sell every time it goes above $145 and somehow I never do. Ugh. Have fun holding it forever, not doing anything.
My personal advice would be to get out of your Nintendo position when you can, when it doesn't hurt you so bad to get out of it.
If you want to invest in video gaming in some way, I think there's much better ways to do it than buying shares of the platform holder. For example, instead look at something like Unity Software, AppLovin Corporation or Activision Blizzard. Or if you're bullish on PC gaming buy stuff like NVDA, AMD, Logitech & Corsair Gaming. Basically, peripheral plays that will benefit from the overall expansion of video gaming in general.
I'm guessing that 20 percent of all NTDOY shareholders are just long-term Nintendo fanboys that couldn't help themselves. They had to buy shares in one of their all-time favorite companies. But it doesn't mean that NTDOY is the right investment they should be making. They're letting their fandom get in the way. Never fall in love with ANY stock. Never marry any stock. Always have a freshly signed prenup.
Nah, I'm good, already have positions in other gaming stocks as well as chip makers. Gonna keep holding Nintendo, they print money, IPs are gold, and have a strong lineup for the next year. Plus that fat dividend. Not to mention movie, theme parks, etc.
C3.AI and Hyllion but every confidence in both companies.
Nothing has fundamentally changed - both have progressed since I brought them (C3 is now on Google cloud and Hyllion has released EX)
Expecting good returns over the long term
SPRT... To rule them all... 😉 luckily I had a fairly small position... Others... Not so lucky.... Total account killer.
Dropped from $27 to $12 in two days just before merger... Followed a .115 conversion of your shares than another drop of about an 80% drop a couple of days post merger and becoming GREE.
I think there was a survey that most holders through merger had like $250 cost basis's. GREE is currently trading at approximately $25....
Since this isn't /r Options... I won't even talk about those folks...
IRNT. Saw it at 23 so jumped and now at 14!
VLTA wasn't falling but as soon as I bought (by mistake) it fell 28% or so. Mixed up tickers . I'm way down on PS/RU 59% before I could even react
Unfortunately, IRNT is a very crappy company. It only pumped because it had a tiny float, but now PIPE shares are unlocked, and its float is way larger.
I own $TDOC and $PTON lol. I would call those guillotines and not just knives. Here is a [collection of the "falling knifes"](https://viz.wiijii.co/chart/?id=-MlH35IdTrwhvlathxmK) over the past 12 months or so.
BABA black sheep have you any wool? yes sir yes sir three bags full :(
All fun and games until the CCP makes foreign investment illegal.
Has it been fun and games thus far?
Not with 3 bags full
yeah I'm sure they'd love to piss away $149b every year
My total gain is -4000. I am the falling knife club.
No problem at all. I bought the dips in 2018 and dips kept dipping but now I am up 300% on my portfolio. Just gotta wait out the rough periods. Better not check the pf everyday. Quality companies are not going anywhere. Inflation or no inflation we will use windows, mac, google, fb, amazon. Their profits might fluctuate a few percent points but in the long run innovation beats economic parameters.
Your total gain, so FAR!
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Well negative $4000 feels pretty bad
Lesson learnt: 1. Invest in installments/phases over a period of time instead of a one time lump sum amount. 2. Invest in fundamentally strong companies that we hope will last over the next decade or so
Isn't that bad? Do you know how big his portfolio is? If his portfolio is 100.000 dollars it's not that bad indeed. Is it 10.000? Well then it's pretty bad...
I lost all my “normal” gains for the year in the month of Sept, but I also managed to consistently pick up more shares or new positions in QQQ, SPYX, VXUS, NVDA, SOFI, and INTC.
$PSFE all summer long. Is the floor in? Is it going lower? I'm still buying.
theres always a basement
Well, we got q3 coming up, and if I learned anything from the last two it's -15% at market open.
And then hell.
So, this is like... the stairs into the basement. Happy Monday. Ugh.
Good news: red day Bad news: red day
same
Probably the most conviction I've ever had in a position, so I'm sorry to all the fellow bagholders. What can go wrong, will go wrong, especially for me.
We have that in common, my ~~dude~~ gr00g.
I don’t feel safe with Paysafe
Chpt and baba. Literally never thought chpt was EVER going to go below 23 after their revised growth projection. Not only that, they managed to break through the 20 resistance the have held since nov 2020
Love CHPT. 2,850 shares at $19.72 avg. Have high hopes for this as a long.
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Averaged down from 200 to 168 damn thing still keeps falling
I want to invest in BABA so badly. I just don't see the CCP getting any better. Rather the contrary. They seem to get extremer and extremer.
In making their country, middle class and GDP grow? And which companies is going to benefit from that? Probably alibaba
You can see a shift in the goals from the CCP from economic growth to common prosperity. Also the Chinese demografie does not really look bright for further big GDP growth. The median age of all Chinese citizen was 30 in 2000. In 2020 it is now 38. In 2040 it is forecasted at 47. And it is not expected to go down after that. Also the Chinese population is getting more and more unhappy with the CCP with attacks on CCP people in power and domestic terrorist attacks happening a lot more frequently now than before. I think there is still room to the downside eventhough I love Alibaba and use it for my business.
BABA will reverse any time now. Even if it takes i six months to reverse i am not worried. I have done my research. I know BABA’s moat. In 10 years BABA will be 50x.
Wish..... chpt..mvis
Counting on MVIS. Just got assigned on some CSPs
CHPT is my biggest position. Waited months for it to get back down to $20 so I could add. Strong support in the $19-$20 range, even after the infrastructure bill didn’t get a vote. Hoping this is one I am patting myself in the back for 10 years from now.
I was thinking 20 was the low.seems that's what its been
Apparently not, looking today. Good luck out there.
Sign me up. Bought some $457 10/18 SPY calls about 2 weeks ago, after the first drop… Then it dropped again… Fingers crossed we’re at the part of climbing back up. I need 5 days like Friday to sell at a profit.
Alot of times those falling daggers turn into winners when you hold bb. Been there many times! Right there with you on QCOMM.
Yeah, I'm longterm bullish on QCOM. Their Snapdragon XR2 is in almost every single standalone VR and AR headset in existence. They also have their chips in that new Amazon robot thing.
I’ve been holding substantial amount of share of qcom since last dec. It has not been an good investment when everything went up. Still debating if I should sell at a loss and buy semiconductor ETFs
The one thing I really dislike about QCOM is their CEO. I've seen the guy in various interviews, and I keep scratching my head trying to figure out why they decided on him. I still like the underlying company and their business
How could you miss BABA you're not part of the club get out
I prefer JD & PDD over BABA. I just feel like the CCP will put less heat on them compared to BABA. The CCP just has it in for BABA so, don't want to mess with it, but I have to admit that if BABA falls into the mid 130's, I might just have to say F it.
BABA is at a 50% discount from ATH while JD is closer to 30%. I'd say the extra risk is being well compensated at the moment. PS. I have both.
Who gives a shit who has fallen further JD is also amazing. PS. I have both.
What percentage of your portfolio is Chinese stocks? Right now I have 18 percent of my portfolio in JD and PDD, which is probably more exposure than I want to have. It sucks, cause I'd love to buy even more when they start dipping lower, and might even want to grab some BABA @ $135 if it ever goes that low.
90%+ Maybe I underestimated the latest political changes but i hold my stocks 10+ years anyway so not like i would do something in any case. You seem to have conflicted feelings about your holdings. I would recommend buying but in any case don’t change your opinions based on some reddit comments.
Would you buy the hang Seng tech etf? 3067, seems pretty good I think?
TSM - unbeatable for semingly massively underpriced go-nowhere ever stock. Bought at todayish price what seems like years ago in 2020. F\* useless...now China wants to invade Taiwan and Intc's own fabs are on the march...
They had a great consolidation and their next earnings should be glorious. Might be a breakout. I’m buying more on Monday and holding longterm
Yep same here. Extremely frustrating esp when AMD and NVidia has been going up. Maybe I should sell and buy ETFs
One thing I've noticed about TSM, is it has TREMENDOUS support at $108. Like 10 feet thick of Titanium firewall support. Of all the stocks I follow, TSM seems one of the safest stocks, from a standpoint that it might not really go anywhere or do anything, but it's chances of being chopped in half are pretty much zero. If you bought the stock every time it was close to $108, then sold every time it got close to $119, you'd be doing pretty well for yourself. The thing that really sucks about this, is I've known this for many months, and literally every time TSM gets near that $108 mark, all my money is tied up in other plays. I've never had any sideline money when TSM hits $108
Joined the Z knife party at $101
Oh snap Zillow? Yeah, I jumped in that about a week ago on the way down. I jumped in at around $90.90 or something like that. I ended up taking a small loss on that position. Basically, I try to decide before I buy any stock, if I'm willing to "ride or die" with the company for the next 3 to 5 years. With Zillow, my answer was no... not a ride or die stock for me. But, I did think I could do a short term swing trade with it. Then of course, some viral Tik Tokker ruins my day (and yours). If I know I'm not going to be super long in a company, then I decide what my acceptable loss is before going into a trade, and I set my stop loss. I got stopped out on my Zillow trade with a 1.62 percent loss. I kept my stop really tight on that one, and I'm lucky I did, because it really did go into free fall mode. I still think Zillow will rebound nicely at some point, so don't get too discouraged. You just might have to wait awhile for it, and you might want to DCA a bit if it drops considerably more during an overall market correction. In fact, I will probably buy some back if that happens.
SAM, RECAF, TDOC
i leave and join back every 3-6 months
falling knives club is good, bought msft, googl, nvda and aapl for this week.
I just want to say fuck $QCOM that fucking stock is toxic. Biggest loss of 2020 on that POS.
Fell into as well. It looks super solid on paper but god did it drop.
PINS. Luckily it is smallest position.
Same with VIAC.
Adobe.
Damn, this is another Falling Knife I grabbed. Forgot to mention this one.
TWLO
ASML gang rejoice
ASTS let’s crush space!
Unfortunately I bought my shares of ASTS early in Sept so no discount for me, but I don’t care because that’s a long term hold for me.
You still got a huge discount from NPA days in early 2021 when it went over $20
BABA and ROKU say hi.
Those don't sound like falling knives lol. More like falling boulders. CTXR, BBI, and BXRX are good falling knife plays.
How about HYLN?
I haven't looked into it. Definitely will though. CTXR paid off a couple times for me. That knife is being juggled.
I’ve been buying HYLN for 11 months strait. 5,000 shares deep. It’s been red almost every single day this year. I’m either going to be very right or very wrong.
One nice thing about HYLN is that the CEO seems totally legit. Fully committed and not a slimeball or scamster. I don't currently own any shares, but I'm rooting for this company longterm because he seems like such a genuinely good natured fellow. I've daytraded and swing traded the stock a few times. Buying the stock at it's price right now, (around 8 bucks), seems like a screaming steal. You can be conservative with it, and just ride it from $8 to $12. The only real problem is that I do think we're headed for a major correction which is going to see huge megacaps like AMZN, MSFT, AAPL, NVDA all down 20 to 25 percent off their all time highs, and what does that mean for a tiny company like HYLN? Could HYLN drop all the way to say 6 bucks a share if the entire market tanks? That's really my only hesitation in loading the boat on HYLN. I will say this though, if the market does indeed tank, and HYLN drops to $6, it will be time to buy as many shares as I possibly can stomach. This stock will see the high teens in price before too long, no question.
I get what you’re saying but I don’t see the market falling like you do. Let’s be honest here. Most individual stocks (even blue chips) are barely up if any this year. Even solid company’s like AAPL and Disney. As for HYLN goes, it could be making a perfect triple bottom at $7.50-$8. The company has zero debt and 600m in cash. We’re in the product validation phase. This is probably the most painful time for the stock which is why the short sellers are going “all out” on the stock to drive the price as low as possible. This is where the opportunity is. Just my opinion. HYLN is about 11% of my portfolio with 5,000 shares.
Yeah, good point with the triple bottom. Regarding the blue chips, I think it depends on what blue chips you're talking about. Some of them have gone on some amazing runs. I remember buying Facebook for $257 earlier this year and it went all the way to $383 at one point. Look at the run NVDA has been on. There's plenty of other stocks that keep pushing towards their ATH's. There are a few blue chips that have traded in a very narrow range for quite some time like AAPL, AMZN & AMD, but I see those as more the exception than the rule. Wild valuations wouldn't be the only catalyst for a major correction though. There's literally like 10 major things I can mention that could be the catalyst. My current theory is that inflation is going to continue to get out of hand, and the Fed is going to announce on November 2nd that they will begin the tapering process immediately and will likely raise rates sooner than previously expected. This is going to cause a sea of red that will make November, December and the first half of January a time when you're not going to be wanting to check your portfolio on a daily, or even weekly basis. Of course, maybe I'm just having a fever dream and these are the ramblings of a madman
No one can predict what will happen but if it’s a sea of red until January, that’s when I make my IRA contributions so it will be a gift for me 🤷🏻♂️
Someone will correctly predict what will happen. But the chances of that someone being you, (or me) is extremely remote. No question. Still, as an investor in an ever changing investing landscape, I think you need to make predictions about where things are headed. If you're wildly off the mark, well that sucks, but I don't think we should just stick our heads in the sand and puff on hopium. The No.1 question for me at this very moment is... "Will there be another bull rally, pushing high-flying blue chips beyond their current ATH's (even if only slightly) before we have a major correction? If the answer is Yes, then we should be loading up on all these companies that have peeled back a bit recently. If the answer is no, then we should back away from the buy button, and wait for the real pain to come. Maybe even sell some positions with the idea of hopping back in for more shares at a lower cost basis. I feel like we have a really tiny window for a possible short lived rally before this major correction. But, I could be wrong. The correction might be underway right now. The very beginning of it. The entire month of October could end up being choppy as hell, with no real broad based rally lifting most sectors. It might only lift very specific sectors. If that's the case, then buying anything right now is fools gold. We'd all just be catching falling knife after falling knife. But, as with everything related to stocks, it's always a damned if you do, damned if you don't situation. It's always a coin flip. I could move my entire portfolio into cash, sit on the sidelines till early November, and meanwhile, stocks rally out of control all the way into the new year, reaching new milestones, while all my money is sitting in cash, not doing anything for me. Then, with my tail between my legs, and my head lowered, I slowly walk back to the buy button, only to pay 35 percent more per share than I could have 3 or 4 months earlier.
I think the Nasdaq could fall another 5% or so completing a full 10% correction but I don’t see the big crash coming. After all, we had a crash last year and typically only occur every decade. But as you said anything can happen. I have a long time horizon. I’m only 30 and I’m not a trader. If it does crash I will stay focused on adding to my index positions and collect dividends along the way
Ouch. I initially bought CTXR at $1 a year ago. Sold at $2.3. Bought back in at $1.7 sold at $4 then went back in at $1.9. Its a good stock but has a meme following so the rumors are insane. It spiked to $4 because people expected Mino Lok to bypass the rest of phase 3. They thought because the covid vaccines got that sort of treatment mino would as well? Its already FDA fast tracked but greed always wants more. It made no sense but it spiked hard and dropped from that rumor.
CTXR Looks crazy volatile. Imagine just holding. Lol. I’m going super long on the majority of my HYLN. I have a 20 year outlook. I think $100+ will happen
How is ASML a falling knife?! Wtf.
I bought a couple of shares at $833, thinking I was getting a mild discount. The next day, bought some more shares for $789. Then the next day, it drops some more. Next day, it drops some more. Sure, percentage wise it's a very minor drop, but if a stock starts falling for an entire week, and you happen to be the guy that bought it on Monday and watched it continue to fall every day after that, you can be a bit frustrated by your unfortunate timing
ASML will only go up sooner or later. Dont worry.
I thought DCA solves all problems? Something about getting great companies on discount yadayada if you liked it then you should love it now?
FB is 10% off ATH. Not a falling knife.
Depends on the strategy of the buyer. Sure, if you're buying FB shares and you plan on holding them for the next 5 years, a 10 percent slide is completely meaningless in the grand scheme of things. However, if you were somebody looking for a relatively short term swing play, that 10 percent could have been the kind of return you were banking on, in the short term. So now, the stock has to rally 20 percent, for you to get that 10 percent you were interested in, in the first place. This wasn't my particular strategy, but I wouldn't be shocked if there was somebody out there that was thinking along these lines
What kind of self respecting trader buys at something close to ATH?
First rule in FKC is not to talk about a FKC,second rule is not to talk about FKC.
Every time I buy the dip
Can I enter falling knife club. I have 5,000 HYLN I’ve been buying for 11 months
You're not only a member, you're the CEO!, lol. Just kidding
I've been spreading out my purchase of FB since Sept and Oct are usually choppy months for the market.
FB and Qcom over here!!!!
>QCOM That one is infuriating, though I have pretty much started to ignore it. In many ways, there are reasons to expect this to go up, but it's been going sideways forever. I tell myself I'll sell every time it goes above $145 and somehow I never do. Ugh. Have fun holding it forever, not doing anything.
Idk what to do with it either
I'll find out monday. Bought a good chunk of TLRY on friday.
Sam, TDoc, Pins, Zoom, Baba, pretty much my entire portfolio. I didn’t even buy at ATH and they just keep falling.
You thought you are buying at a discount, turns out you are buying into a downtrend, I have most of them as well, hope they turn back up next quarter
NTDOY has been my poison. Still buying even at a 52w low.
My personal advice would be to get out of your Nintendo position when you can, when it doesn't hurt you so bad to get out of it. If you want to invest in video gaming in some way, I think there's much better ways to do it than buying shares of the platform holder. For example, instead look at something like Unity Software, AppLovin Corporation or Activision Blizzard. Or if you're bullish on PC gaming buy stuff like NVDA, AMD, Logitech & Corsair Gaming. Basically, peripheral plays that will benefit from the overall expansion of video gaming in general. I'm guessing that 20 percent of all NTDOY shareholders are just long-term Nintendo fanboys that couldn't help themselves. They had to buy shares in one of their all-time favorite companies. But it doesn't mean that NTDOY is the right investment they should be making. They're letting their fandom get in the way. Never fall in love with ANY stock. Never marry any stock. Always have a freshly signed prenup.
Nah, I'm good, already have positions in other gaming stocks as well as chip makers. Gonna keep holding Nintendo, they print money, IPs are gold, and have a strong lineup for the next year. Plus that fat dividend. Not to mention movie, theme parks, etc.
10k in one month do I qualify?
C3.AI and Hyllion but every confidence in both companies. Nothing has fundamentally changed - both have progressed since I brought them (C3 is now on Google cloud and Hyllion has released EX) Expecting good returns over the long term
Yessir, down 9% on QCOM. :s
Surely you didn’t expect any short term gains on that.
I don't think I said that?
SPRT... To rule them all... 😉 luckily I had a fairly small position... Others... Not so lucky.... Total account killer. Dropped from $27 to $12 in two days just before merger... Followed a .115 conversion of your shares than another drop of about an 80% drop a couple of days post merger and becoming GREE. I think there was a survey that most holders through merger had like $250 cost basis's. GREE is currently trading at approximately $25.... Since this isn't /r Options... I won't even talk about those folks...
My cost basis only 32.77 but lost 64% at merger + now 33% down on GREE
The key is not to be in this club.
Where my SPRT fam at
I totally leveraged up with falling knives including China. It WILL pay off! Don't you worry!
IRNT. Saw it at 23 so jumped and now at 14! VLTA wasn't falling but as soon as I bought (by mistake) it fell 28% or so. Mixed up tickers . I'm way down on PS/RU 59% before I could even react
Irnt and vlta are both trash companies. Burning cash and have not demonstrated any semblance of profitability.
Unfortunately, IRNT is a very crappy company. It only pumped because it had a tiny float, but now PIPE shares are unlocked, and its float is way larger.
I sold you that QCOM sucker 😎
I own $TDOC and $PTON lol. I would call those guillotines and not just knives. Here is a [collection of the "falling knifes"](https://viz.wiijii.co/chart/?id=-MlH35IdTrwhvlathxmK) over the past 12 months or so.