Hey WXYZ, if you could leave emmett in charge more often I think my stocks would really appreciate it lol
Powerful day! 2.90% up... nice to see my purchases early last week booming today.... But I don’t think we’re out of the woods yet... may have some exposure later this week, I’m pretty sure everything is quite sensitive now. But at least now we know that inflation and “rotation to value” is all bull as we have suspected
We are experiencing inflation, most are to blind to see it. I'm focusing on World events that could bite us in the behind if our powers aren't carefull.
Gotta be careful, if X checks in while on the road and sees this he might crash. Back to best behavior.
This time last year I was selling wine corks for 500$ on eBay and NOW people figured out were in a bubble??
Sound advice. Well I had a great day in everything (1.9% gain) except Novavax which went up quite a bit and then crashed when they released a horrid earnings report after market closed. The price nosedived quite a bit and I expect a more blood letting come morning. EPS was expected to be like -$1.45 and it was almost double I think (double in the negative!). Just nasty and I wasn't expecting it. Thankfully I had a modest position although it wasn't miniscule.. I protected myself from tomorrow by shrinking the position by a little more than half post-session. Once a vaccine gets approved in April or early May then maybe I'll get a little what I lost back. I've only got a 2.5K in the position so further risk is fairly low. I think I can truly say that this is the 1st purchase I made where I didn't stay emotionless when I bought into it. My wife and I are in the phase 3 trial of Novavax's vaccine and I think I let the positive experience we've had being in the trial affect my judgement and caused me to downplay the risk inherent in buying into a company that failed miserably in every endeavor up to now. Word to the wise!
OW Noooooooooo Cramer said today: "The S&P 500, facing pressure from inflation anxiety, declined 3% during the two-week stretch, but the “Mad Money” host took a cue from the volatility index — also known as the VIX or fear gauge — in an effort to plot which direction stocks may go next. “Don’t let last week’s inflation scare freak you out,” he said. “The charts, according to Mark [Sebastian], suggest that the panic’s over and the market is beginning to roar.” Now that scares me , Cramers always wrong
The wifes account beat me today ! She was up 2.98% with a simple 5 index ETF's I tied the S&P at 2.38% gain It would be nice not to give it back tomorrow
I remember the last time I had the......age old......inflation debate on another board for about 6 years following 2009. Of course.....it never happened. I cant tell you how many times I have heard about hyper and regular inflation going to be a big issue over the past 35 years.......and.....it NEVER happens. BUT....I am not investing in the economy.....I am investing in companies. AND.....I also know from many different investing results over the decades during many different economic situations....that.....there is often no connection between the two. EMMETT.......you really kicked ass today. Forget investing......we all have a job for you from here on as the market manager. Talk to TomB16 about your commission....he said he would have it ready for you to pick up tomorrow. Sorry no raise.....In fact.....I am in the process of installing the "AI" Emmett that will be replacing you. But.....I really appreciate your service....put your stuff in a box, turn in your badge, and security will escort you out of the building......the American way. SO.....compliments of EMMETT.....I was BIG green today as was probably everyone in the world that is actually invested. Plus an bonus beat of the SP500 by .11%. A tiring day.....a 500 mile round trip to Beaumont, Texas with about 90% of the time going and coming back.....in the rain.....as well as rush hour traffic through Houston on the way back. I was out of touch most of the day but was able to listen to Fox Business.....Varney.....till 11:00AM and see how the markets were doing scrolling on the screen in the car. I was cheering for you Emmett till I turned off the business radio at 11.
With my novavax screw-up I had to settle for 1.9% gain for the day. Probably .1 or .2 of that 1.9 was due to a nice dividend payment that came in late today. What could have been a great day turned out to only be pretty good.
We will see if the rest of the week can follow through. I am very interested in the earnings this week....SNOW on Wednesday......a holding and COST on Thursday....another holding. Warren Buffett is a big holder of SNOW having about 6.1 MILLION shares.
Still got some learning about wash sale rule. Bought and sold novavax at a loss in dec. Bought it again in jan and sold for a profit but profit reduced due to wash sale rule because the rebuild was within 30 days of dec. sale. Bought in Feb and sold in March and this loss 200 was lessened by 60 bucks due to a wash sale adjustment. I fully understand the wash sale rule costing me $ in January. Dont understand how I got 60 bucks back now
