Stock picks

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JMoney98 said:
Netflix has held up pretty well after getting beaten a few months ago.

200 day is approaching and RSI is just about there. What other good ones are you guys looking at.

I’m glad this thread is still going.
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I don’t know that holding up well is a term I would use, it’s been free-fall since July when it was 133 and continues to dip since last month’s high of mid 90s. It’s hanging on for dear life right now at near previous lows and keeps fading every bounce on the indexes - a lot of relative weakness lately and 200d moving average is still well above current share price. I’ll trust a bounce if it gets above 200d moving average because it’s still in free fall downtrend.
 

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momopi said:
WDC stocks look like it’s setup for weekly trading.
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Everything is such a wack a mole in a big way. Just when u think something is stable, bamm! Expedia looked like it bottomed and then wham! Somehow it's come back but tbh I don't trust it. One slip of the tongue on their presentation this coming week and down it will go. Coreweave looked stable and down 18% on earnings. The thing that is most concerning to me is the financials. Dell was the one we all shoulda bought before today.
 
Ready2Downsize said:
Everything is such a wack a mole in a big way. Just when u think something is stable, bamm! Expedia looked like it bottomed and then wham! Somehow it's come back but tbh I don't trust it. One slip of the tongue on their presentation this coming week and down it will go. Coreweave looked stable and down 18% on earnings. The thing that is most concerning to me is the financials. Dell was the one we all shoulda bought before today.
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So I bought expe after earnings at 200 (before it got wacked to 185. Sold it on the gap up when it hit the downtrend line. No interest in buying it again. I'm just looking mostly for swing trades unless something is ridiculous low. Buying Campbells Soup today. Could go lower but it's got a 7% yield and is at 24 year lows. Might have to hold this one for a while in this market.
 
Ready2Downsize said:
So I bought expe after earnings at 200 (before it got wacked to 185. Sold it on the gap up when it hit the downtrend line. No interest in buying it again. I'm just looking mostly for swing trades unless something is ridiculous low. Buying Campbells Soup today. Could go lower but it's got a 7% yield and is at 24 year lows. Might have to hold this one for a while in this market.
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Do you believe they will rebound before being delisted from S&P 500 in... June?
 
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We are the only industry where if you mark prices down they run for the hills but if you mark it up, they stand in line to buy…..best to do the opposite…i am a net long buyer right now (Dow 45379) 👍🏽😂😂😂🇺🇸💰
 
morekaos said:
We are the only industry where if you mark prices down they run for the hills but if you mark it up, they stand in line to buy…..best to do the opposite…i am a net long buyer right now (Dow 45379) 👍🏽😂😂😂🇺🇸💰
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I'm thinking the same. Iran and the resulting oil shock is priced in. Unless WW3 starts or the economy gets much worse, this could be a good accumulation point.
 
Every half a percent it goes down I buy $X amount (same fixed amount). Right now SP500 is down 6.76% from all time high and 4.95% YTD. Once we hit 10% down from ATH I will double those amounts. If we hit 20% down then I may just go all in.
 
qwerty said:
Every half a percent it goes down I buy $X amount (same fixed amount). Right now SP500 is down 6.76% from all time high and 4.95% YTD. Once we hit 10% down from ATH I will double those amounts. If we hit 20% down then I may just go all in.
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I had a very similar plan once. Unfortunately it was March of 2000 and my plans were pegged to the Nasdaq. I became insolvent before the market stopped being irrational, and long before it became rational again. It scarred me and I've been too conservative ever since. Being "all in" when the market drops another 20% stings.
 
daedalus said:
I had a very similar plan once. Unfortunately it was March of 2000 and my plans were pegged to the Nasdaq. I became insolvent before the market stopped being irrational, and long before it became rational again. It scarred me and I've been too conservative ever since. Being "all in" when the market drops another 20% stings.
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Thanks for the perspective Daedalus. That’s why I said I may go all in. It would depend on things are with the rest of the portfolio and market conditions at that time. Instead of going all in with the remaining cash i could also used leveraged ETFs like SSO. Also - keep in mind my “all in” may not be someone else’s all in so maybe I shouldn’t say all in. My all in would still leave enough cash reserves to cover 3 years of cash reserves. If the market continue to fall another 20% then I’d have to decide on whether to put the money in the market, which would seem like the smart thing to do until it’s not :-)
 
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