Just because I missed her.
Walking step by step as my stocks revert back towards better entry prices.
Maybe this BMR didn’t have longevity? This was a weird week or so…massive down days followed by massive up days have caused the stocks to be fairly elevated off 52 wk lows still, yet many are at prices we thought were “low” just a few weeks ago. DDOG under $80, as an example. UPST under $20, etc etc…
GLBE taking a beating. They got down to $18s a week ago…can we eventually get them in $17s or lower?
Will PTLO ever get to sub-$18 again? Man - I blew that June entry. Still up 50% from then. Woulda coulda shoulda. Will SPG get back to $90s or lower? Dunno. Recession would make me think “yes” but maybe not anytime too soon.
I’m buying the quadruple witching. Down to 65% cash now. My 5 option positions are expiring worthless. CRWD $110 puts still in play, worth $0.12 with 1-1/2 hours to go and stock trading at $111.50.
Bought GLBE, FOUR, OLED, VFC, UPST. Of course power went out fifteen minutes before market opened. Came back with 2 hours to go. Being off line is the ultimate POMO promotor.
Hi KC,
I am not sure you understand the power of the POMO alert.
One does not merely reply to the POMO ALERT thread.
One must also signal the POMO ALERT itself.
Two days ago I shorted GLBE, I covered a couple of minutes ago for a 13% gain.
For the year I´m down about 70%.
In February 2021 my portfolio was up almost 400% (an ATH).
I am not sure you understand the power of the POMO alert.
I confess that I do not have a deeply rooted connection to the POMO ALERT. A vague comprehension at best similar by my “understanding” of the laplace transform that ended my quest for the nuclear engineering option. I am not sure if the POMO alert is a some sort of digital talisman, or if it simply prompts your recall of a 90’s bar encounter… maybe Red Lion in San Jose. However, if the ritual does require the posting of the link, I’ll jot that down on one of the pink post-its. Failure to include the link WILL result in a reprimand similar to that issued over at Saul’s for introducing a mere 30% grower.
some good quality POMO today. I haven’t done too much with it.
Certain stocks near/at 52 wk lows, but plenty still well-above, so it is a mixed-bag out there.
And the big drop screwed up some of my short ideas, like NVDA. Grrr.
But, overall…enjoying the POMO.
There are only a few more quarterlies on our list. I suppose that we are in for about 8 weeks of not much specific company news. Eight weeks of economic data, Fed governors’ talks and interviews and blabberings of talking heads. The latest inflation and jobs reports were not good in so far as generating hope for a quick halt to rate hikes. The market hardly noticed. But every day and every data point brings us one day closer that promised land. So I am “seeing” an upward bias for the market, In the absence of significantly worse than expected bad news, the market should drift up. With the 0.1% higher or lower data points coming in, we should see a trading range slog – I think. Good for puts and calls. Good for buying the dip and selling the uptick.
Call that plan ‘A’ while net deploying of cash and meditating on the spirit of I was shocked by this man #shorts - YouTube
I can see your take.
Conversely, it always feels like the ER season is an opp both for hype and destruction. So I usually view the dead period in between as the period inbetween wild bouts of partying where you are generally sober and reality-based vs forward-looking. My counter would then be the skyrocketing credit card defaults, the persistent inflation, the higher-for-longer Fed rate hikes, etc etc…
But is the CAPE ratio actually high? And does it mean anything. I have only the questions, not the answers. Consider that the CAPE ratio looks backward to the previous10-years. So were those CAPE ratios for the decade the ratio at the beginning of the decade or at the end of the decade?
Then, which S&P 500 p/e is used? Is it based on the weighted S&P 500 index or is it an equal weight index? The S&P p/e that I see is about 28.3, but if you look up an equal weight S&P I see either 17.2 or 19.7. APPL has a 6.6 weighting and a 0 p/e. The top 5 have a weighting of 18 and only MSFT has a p/e of significance: 27.8.
In any case, I take solace in the fact that what seems to be the equal weight S&P 500 p/e peaked at 400 in 2020 (?) and has deflated hugely since then.
Looks like she is at it again!
At an ATH for the year at moment, but not ready to close my puts.
The GLBE and NVDA puts are trashed, but may scrape a few pennies back if another down day tomorrow. The SPY puts are printing nicely at moment though. Already closed the RSP puts for small gain, deciding that the more highly traded SPY makes more sense. Still learning these option thingies.
