Surprising. Nasdaq futures up 200. Contra numbers?
How is everybody’s FOMO and POMO? The UPST came down so far that it is only 16% of my portfolio. I might take the paper gains from yesterday and put that much back in. Not sure. Other than a market wide risk on move, the UPST is (?) a dead cat bounce. So, put in just a little, 2 or 3%. That’s the plan for now. Not lose to much if it retraces, have a little more if it continues up for a few days.
KC
Other than a market wide risk on move, the UPST is (?) a dead cat bounce.
Absolutely guessing here, maybe combination of:
*market-wide risk-on after market getting crushed
*responding up in correlation with AFRM earnings report
*short-covering in progress
If it makes you feel any better, I got killed by upst. I rode it to paradise and back. “Back” is apparently waftt.
How is everybody’s FOMO and POMO?
Sorry, should have also responded to your question.
I am in Retreat To High Ground (RTHG) mode, which is looking common on a couple of boards here such as Champ, Saul.
My high ground:
SNOW, MDB, DDOG, CRWD, NET, CFLT, TTD
QQQ, SOXX
I also have some bits of upst lying around. Maybe the dog will vacuum them up. I do like upst management and theme, it’s just macro environment and corresponding sentiment blew them up for now and not sure I want to keep riding that roller coaster but I believe they’ll figure it out, it’ll just be a bumpy ride.