I sold my SHPG recently for even money and as a result I’m very heavy in cash right now. I do want to transition out of pharmaceuticals. At one point this year I had 90% of my portfolio in biotech which is obviously unhealthy. I’m naturally drawn to the sector as its in my wheelhouse but I think I would prefer to diversify out of it. I’m 60% cash right now so I’ve got dry powder and I think Tech is the place to be if you’ve got a long term outlook. I nearly bought VIX calls a week or two ago when it was at 11. Lord have mercy. Short the Qs was a great call. Many people have lost a lot of money on that trade in the last couple of years. How much further do you think tech has to fall?
I have no idea how long corrections last but bond yields are continuing to rise and like rules says, the market must fall to compensate. Since I'm a dumbass, I don't plan on riding it out much longer. I'll cash out at +50-75%, hold the remaining securities and the cash until things level off.
Buying 2019 March and June $25 puts Have 20 January 18 $300 puts that I will probably roll into March before the earnings call
10 year hit 32.35 or 3.235% .... they have come off the high and the market is still selling off. Could be the start of a correction? Finally getting some volatility which is nice.
Hope you're right and the volatility is dankkk My half of my SNAP puts expire tomorrow, I'll be dumping all my gains into into december TQQQ puts.
As a defensive play i really like KHC. Its paying 4.5% dividend and has really been beaten down. Its down over 25% this year after being down 20% the year before i believe. Its really taken a hit since Warren Buffet invested in it. Anyway, it seems to rally as a safety haven when the market sells off. On top if that it is a dividend aristocrat, so you can be very confident you will be getting that 4.5%. Much of he downside should hopefully be priced in. If you are taking profits in risky investments, it might be a dood time to add to your core investments as a defensive play if we go into a risk off scenario.
I have FSPTX which is Fidelity’s tech mutual fund. Has been amazing since initial purchase. Since it’s a mutual fund do I ride out any correction with my shares or start looking to allocate into high yielding dividend stocks? I have XLV and NEE that have been performing well, maybe buy up more shares of those?
I cant comment much on vix trades. But if a friend asked me i would possibly suggest buying vxx puts with vix above 18. I dont trade vxx.
This entire squeeze down is the work of a deep state cabal. Corporations can buyback their shares discounted from the tax cut induced record highs.
Light CPI data pushing down treasuries since 8:30, futures are flat to positive on the s&p and Nasdaq as of now, we’ll see how the day plays out.
Yield on the ten is down 5 basis points, inflation data was good this morning, a lot of this seems like some panic selling based on yesterday’s shit show.
The volatility is just super weird today an hour and a half ago the market was basically flat with the nasdaq positive, an hour later we’re off 700, now we’re off 275. Really strange day.
I wish I had waited. I spent a couple grand like two weeks ago thinking it was time to get it back in the market.
Don’t think the algos are to blame for this sell off. Just a healthy correction. Can’t go up forever.