RBLX is getting hit after the losses were higher than expected. I would buy this at around 30...and hold it for a year or so. It's a good long term play. Also, looking at Twilio, it's getting hammered more than it should....but, this one is a little riskier, AI maybe an issue for them.

CELH nice bump today

My MNKD has a nice 15% bounce today after announcing q1 results. Big Pharma is trying to kill them, shorting like crazy, but they’ve proven resilient. I bought in low 3’s and now in low 4’s (was at 5 not too long ago. Good science here. Hoping they can hold off the raiders.

I also bought a little CCL, to average down some of my loss (not a large holding), hoping to ride what’s going to be the biggest summer in travel and leisure ever.

You doom sayers can keep it up, but the US economy is strong and resilient and there’s never been more mechanisms to prevent total collapse. I remember when my HS civics teacher - over 40 years ago - bemoaned that my age group would never be able to afford a house. Right.

I had sold some naked puts for FANG for $110. Ohhhh excited seeing it at around $127. Maybe in the next week I will get my shares put to me for only $110 each. Er, as long as it doesn't continue to drop to $90

WAL's up over 12% and still climbing today, I took a very small position on it back when you posted this.

Trka

What’s gonna happen tomorrow?

Awesome, just put in a stop, like 10%....that's my gambling pain threshold. Morgan Stanley says be cautious but cited that there maybe a short squeeze coming.

I would stay away from RBLX. The AI hype is mostly nonsense.

If you are gambling stops are a must. Careful though, gaps down can kill you.

I got out of that long ago... I thought the short squeeze or pump and dump already happened?

No idea lol. Bought some last week at .18, I don’t think it’s gonna pump just a jump based off revenue report.

Glad I ditched alot of my energy stocks and went back to tech... although I'm not sure how long this trend will last.

"Nasdaq is leading the Dow by the widest margin since 1991

The Nasdaq Composite is now leading the Dow Jones Industrial Average by 18.3%, its widest margin of outperformance since 1991 as of Tuesday’s close while the blue-chip gauge erases its year-to-date gain, according to Dow Jones Market Data.

After falling more than 300 points during Tuesday’s session, the Dow closed in the red for the year for the first time since May 4. The stock benchmark also finished below its 50-day moving average — a closely watched technical indicator — for the first time since March 30.

It has been extremely rare in the past 50 years for the tech-heavy index to exceed the Dow by such a wide margin. This is the first time since the Nasdaq’s launch in 1971 that the index has been up more than 17% year-to-date through May 16 during a stretch where the Dow was still stuck in the red for the year, according to Dow Jones Market Data."

Update on this trade - it popped to a 50% gain! But I got greedy, sat on it like a dummy, and now it's dropped to a 4% loss....

The advice to buy when oil is at $70 and sell when at $85 is very good advice and would have served me well had I followed it.

Just watch yourself for some whackadoodle swings in the next few days. Without any actual decisions on the budget, just rumors, things are skootching up higher but after that and after options expiration this Friday I think things are going to drop. There will be a relief pop though not sure if there will be any kind of rally once budget "crisis" is averted.

Still want to get back into energy - FANG especially - but will wait till it drops or really shows a comfortable entry point for me (which now is between 90-100 a share). Good luck everybody. Roller coaster ride continues.

WAL is popping again today, I'm currently up 30% now. Wish I bought more.

You are human. Forgive yourself and move on. It is very hard keeping emotions out of the market . Guilty as charged here as well .

I bought C3.AI when it was close to bottoming out... a couple days of good news has it up 27%. Honestly I just bought it because it's ticker is AI and I knew a bunch of people would buy it as they rush to buy AI stocks, I don't think the company has a ton of growth potential, although I could be wrong.

The same, I love doing that with NFLX below 300, BA below 200...etc.

Me too...but it's still good. I think the very top price for WAL is around $38 so I'm stepping out of the trade soon. I agree with you about Tech, the risk is back on, I'm now looking for a pull back in AMD, NVDA and CRM to get back in. I also more bought INTC, getting hopeful about inventory being cleared out by next quarter.

Sold WAL as it started retreating and my my stop loss kicked in, it was a nice point to take 25% profits at.

Bought a few more since this is when I should be 'buying it back'. Hopefully I'm smart enough to follow my own advice later...

NASDAQ hit it's 9 month high today.

Good on you bruv.....I sold some, I'm still holding 200 shares. I will be putting the money in KRE, I think longterm it's a good value proposition. The downside risk has been mostly realized at these levels. It's a low risk, low reward ETF tho, for now, I'm ok with that. The NASDAQ was doing great till the Dallas Fed president opined about inflation....which was completely wrong and unnecessary. The economy is slowing down at a nice pace, no need for that kind of hawkish talk when regional banks are failing and financing is getting tight.

Anyone have experience buying Invesco BulletShares (or any defined maturity bond fund) and holding to maturity? BSJP matures in 2025, 12 month yield 5.75% and 30 day yield 8.13%. Current price $22.41. 5/18 NAV $22.35

If I understand it correctly, in the final year the maturing bonds inside get rolled into short term t-bills or other short term cash instruments, and they mature/pay out the NAV of shares in December of 2025 (in above example).

What I'm trying to figure out is how the NAV changes over time. I understand this is high yield and there is a default risk on some of the bonds in this environment.

I don't think it was the Dallas' Fed president's statement that did it because the Atlanta Fed guy said a few days ago that rates would continue hiking into 2024 and the market didn't really react. I think it is the timing that options are expiring and the market is going to start swinging down for a bit.

Or to keep it in pinball terms - we have had a lot of fun at the top of the playing field on ramps, bumpers and ball scoring and now it is down going to play around the center drain and side drains for a bit . Protect your quarters, gang .

Edit: I think the Fed comments are not-so-subtle indicators to telegraph upcoming intentions. Now people are paying attention to them because we are in the short term swing down.

Be scared be very scared

Just keep it simple and roll your own treasures online . Keep it simple

Oil is about to take off again...XLE

Dealing with my FOMO on whether to move into a few HY bond funds or not for the longer term. The rolling t-bill party, which I am doing right now, won't last forever I think and as those short term yields come down, so will the HY yields. Unless the economy tanks and defaults rise or we get more fed rate hikes plus the QT and other stuff the fed is doing that I don't understand.

Will HY bond rates will float further up and one should hide out in the t-bills for a better opportunity? Is the 300 basis point differential between HY and T-bills enough of a risk premium right now? It may not be - if fed keeps raising to 7% like Jamie Dimon just suggested, then there is an interest rate risk ready to bite anyone piling into HY right now.

Just not sure what to do, but now that I write it all out, seems like the rolling t-bill party might continue for some time and may be the better play. I chased some yield earlier this year with a great rate on Signature Bank preferreds and it was awesome right up to the point where I got wiped out. Then it was the opposite of awesome. Any input is welcome!

Hey kvan99 - let me know when to sell those XLE calls I bought. I'm a pretty good buyer, but a lousy seller sometimes.

Month 5:

My $250,000 in Monopoly money is now $618,280 in Monopoly money in 5 months.

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So many LEs could have been had!

Ha, yeah...count me in that camp as well. It could all turn red in a few seconds if the debt ceiling talk turns goofy.

Yeah... in the mean time my investment accounts are down 4% year over year... which I guess isn't too bad. Going to be taking a huge chunk of discretionary investing money out in the next few months to pay for a pool thats finally coming up to be built after 18 months of waiting. Speaking of which... As a general rule, if you have 100 stocks in a normal investing account and 1/2 are "up" and 1/2 are "down" and you don't need to liquidate all of them to fund something, which ones should you sell? The ones that are up or the ones that are down?

sell the losers and take the tax loss
let the winners ride

Sell equal amount of your portfolio.. a little of everything

Is anyone thinking of cashing out some of their stocks for a few weeks in case the debt ceiling deal can't be reached and the economy tanks?

Already done lol.

my gamble is on a deal being reached

Political noise, nothing else.

If you are extremely tactical and have great timing, maybe it works but that's trading not investing.

If you are investing, stay long and add on the dip if we get there.

I think the market will sell-off at least one more time before they reach a deal...I refuse to believe we'll reach a compromise without a one last grand standing of some kind. Don't buy anything yet.

Gold trashing out, just as expected.

I'll grab some at $1200

That won't happen.

More downside certainly likely, we are barely off the year highs - I don't expect anything too crazy though.

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Ha! Let me know how that works out for you.

Nvidia just hit an all time high. It's just mind boggling, everyone else cut estimates but they just raised it 4 billion over the street estimate. I think this thing will now rocket to 400 much sooner than later. The AI fever clearly has a winner, they all need that H100 chip for their data centers.

I was stunned as well. My son spent $80 buying some calls and then he sold 5 for $2800 profit and is just riding 10 of them worth about $2800-3200. I am keeping my mouth shut and wishing him well. Glad he caught a nice win .

Nvidia is owned big in some of my index funds, they popped, one over 4% today. Nice!

Dude, awesome....I wish, I had moved quicker. Believe it or not, I was thinking it would go down after the earnings.... The thesis was simple, all the the other tech and chip makers had lowered guidance, (and sold off) but I completely forgot about the AI hype that's gripping wallstreet. I didn't see through it, and wasn't able to ride the wave. I could've picked up shares for $346 after earnings but I thought it was already up too much...I'm confident it will see $400 and maybe even higher now. Oh well...next time. The debt ceiling debacle may give me another chance at it.

I thought about buying some puts heading into NVDA earnings. Glad I am easily distracted. Untreated ADHD can save you money sometimes….
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Typo in D2

Sold C3 AI at 50% gains today. The AI craze is big right now, but it's going to go in waves.

Debt ceiling deal reached.....but wait, it hasn't passed the house yet, the militant bunch are talking about a no vote. I hope I'm wrong, but I still think we're going to see some whipsaw action before it's all done.