Imagine “Vincero” as “the POMO”
C’mon…do it with me now. Let out that primal scream.
You know you want to.
Or go old school:
https://youtu.be/6R5-FXVHruQ (I like Paul Potts, starting around 8:04 mark)
https://youtu.be/Kg3aiEiK_PU (Double dose of Pavarotti near the end of this one)
Dreamer ← enjoying some POMO at moment.
I think Dreamer locked himself in the basement to strengthen his POMO. Wonder if he took snacks and water with him.
I have been channeling my inner-dreamer to fight FOMO. Went cash as market was going up Thursday-Friday last week. Sooo painful to watch my ex-stocks rallying. Tough to miss on 8 to 10% rally, losses locked in. Then I missed the 2-hour blue light special on UPST.
I now have 60-day limit orders for UPST at $113, $103 and $93. Ah!!! The first one filled at $112.96. I sold out at $114.13 last week. I had purchased my last batch at $104.90 not long before. Now I have to fight the urge to rebuild that big position right now. Bed time. What to do. I kind of figured that $113 was a pipe dream. No Dreamer to provide FOMO/POMO wisdom.
KC
No Dreamer to provide FOMO/POMO wisdom.
–
I have this overwhelming feeling that translates to “I have no idea what is going on, but it doesn’t seem right.”
Thusly, I have decided to aggressively be non-aggressive, and do something by doing nothing.
So I am still at ATH and up a sliver YTD.
Oddly feels good and bad at the same time.
Good because it has been a tough market for most.
Bad because the goal is to compound my port, not watch it float for hours on a calm lake.
Part of me thinks the 3/14 (or so) low should have been bought more aggressively. I did buy stuff, but sold after getting back to YTD even.
Fed seems in tightening mode. Gas prices are a frigging joke.
I worry about GLBE due to, well, global economy issues and Shopify and small businesses getting squeezed by inflation.
I don’t worry about PTLO, but lockup expiration is 4/17 or 4/18, so I am hesitant to buy in bulk for long-term yet.
Most of companies I like never stopped being expensive.
BTFD and FOMO seems alive and well - there was no capitulation.
Feels a lot more like May 2021 dip than Dec 2018 or March 2020 or Dotcom bust. But I think it should have been more like one of the latter.
So is this just a Bear rally?
Is all of 2022 just going to be a sideways grind, killing bears and bulls along the way?
Outside of market crashing or growth names crashing again, I think my next move will be PTLO, closer to lockup expiration.
I feel FOMO, for sure, but for whatever reason I seem to have more resolve in standing pat until I see something I really like.
To quote the greatest song of all time: “I still haven’t found, what I’m looking for”.
Dreamer
Speaking of UPST, when things hit the fan on Tuesday and UPST was ~$106, I sold a $140C against 2/3 of my position. Implied volatility of the options was nearly 80 so I got a decent premium. If UPST rallies past $140 by expiration I’ve effectively sold stock at $140. If not, I get(?) to keep the stock and the premium I received for selling the call. My own little perverse form of POMO.
5
I have been considering getting more creative.
Reality is my best returns have been when i go long and dont trade/sell too soon.
Just not sure what conviction i have at moment.
Closed the short UPST Call this morning for a 25% gain in one day. Just a chicken little, unwilling to keep riding this bull.
5
ALERT
Klaxxon
POMO has been sighted off shore…repeat…POMO confirmed!
https://www.youtube.com/watch?v=lZnniYtKak0
as you were
Dreamer
Not again! (gasp!)
ALERT
Klaxxon
POMO has been sighted off shore…repeat…POMO confirmed!
https://www.youtube.com/watch?v=lZnniYtKak0
will this madness ever cease???
Dreamer
ALERT
Klaxxon
POMO has been sighted off shore…repeat…POMO confirmed!
Reaction from “valuation doesn’t matter” bulls:
https://www.youtube.com/shorts/F2mi7SsKKuc
Reaction from Dreamer:
https://www.youtube.com/watch?v=k51jnrahXQg
as you were,
Dreamer