BIDU was like down 10% for the day to finish green, pretty crazy Chinese stocks have been getting hammered lately on delisting fears
Haha just saw this. Yeah I think if people are skeptical then it might actually be good for the market. Those high momentum growth stocks got hammered lately after people thought nothing could go wrong with this market and poured money into those riskier stocks not too long ago. Now there are some fears in this market and I think it is healthy.
GSX down 41% I think some Chinese stocks like BABA or JD can be a buying opportunity if they have significant pullback, they aren't that likely to get delisted and they are legit companies. Company like GSX is another story though
So the question is if this is just repositioning, or did they get some info that we don't know about?
Lots of the sharks are liquidating across the board. Looking back the past year, can you blame them? We need a good 30% haircut.
Still to early to tell but my hunch may fall into play. We need a good healthy Metamucil sized dump of about 20% or better across the board. Some of these companies are at stupidity priced levels, we have a infrastructure plan that will try to pump another 3-4 TRILLION dollars into a stalled economy that is already running like a Volkswagen on square tires. Taxes are going to skyrocket, companies are going to shift to more tax friendly areas and jobs are be overwhelmed with applicants. Add the fact of the border crisis and the associated cost. Dont forget about the new COVID fears. More QE, Dow 50,000
It was in the green when I left and now back to business. Still early in the day. Some of these newer fully invested longtermers are probably going to get a bad case of HOPIUM. I'm still leaning towards the short term bear side.
Getting mighty spooky out there. One overleveraged shark had it blow up in his face and there are probably more in the tank. I remain bearish short term regardless of the trend or charts. To many of these companies are at stupidity prices. Added 2 to my longterm hold pile, still major cash waiting for the crash. PHIL COLLINS- IN THE AIR TONIGHT, good tune to end the day. Peace.
According to my tax guy I won't be to awful bad for liquidating last year, still a chunk of change. This year however I was told to go a minimum of 80% invested and keep the trades to a very small portion, if any because the new tax structure is apparently going to eat my lunch. Guess I need to go shopping for some ridiculously priced stocks. Probably should start my own investing thread and post my buys so you can go short and make a killing. My first 2 are, PLTR VIAC
Yields and the recent margin call have still got the markets spooked. I'm looking for some longterm plays due to the massive new tax structure and my trading will be to a minimum.
