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Bottom Fishing
Posted on 8/18/23 at 8:27 am
Posted on 8/18/23 at 8:27 am
Anybody feeling frisky and about some of these NASDAQ stocks that have taken a crap lately?
If you're right, there is a huge profit potential for those brave enough to take it.
If you're right, there is a huge profit potential for those brave enough to take it.
4
Posted on 8/18/23 at 8:30 am to CHGAR
I’m just going to hold in a HISA for a bit and slowly pick my spots over the next year, cause there’s a lot of crap to unravel with all they’ve done to prop up this house of cards
Posted on 8/18/23 at 8:57 am to CamdenTiger
Here is my take. I am assuming this pull back is based on minutes from the fed, berry shorting the s&p and a few other external factors. I think factors other than analysis of company fundamentals are controlling the market right now. Most of these tech company beat earnings by a lot, but they are falling right now. All but one of my holdings had positive earning results for the quarter but have lost ground. It is not just tech too. I hold DE and it blew earning away this quarter, but is down big right now. I am hoping this is a buying opportunity now to profit in a few months. I just bought O this morning at a really good price point I think. Fingers crossed.
Posted on 8/18/23 at 9:04 am to FreddieMac
Nah, might be a good strategy, but there’s too much risk to the downside right now. Looking at consumer debt, impending property crisis, all-time credit card debt, and inflation eating away at any free cash, and student loans will start being paid, Bricks, China and Japan imploding…. Might just be the best time to sit in a good interest bearing account. There are deals out there, but you might get a better entry point in a few months, but if you find that great deal for the long haul, go for it…
Posted on 8/18/23 at 9:30 am to CamdenTiger
quote:
Looking at consumer debt, impending property crisis, all-time credit card debt, and inflation eating away at any free cash, and student loans will start being paid, Bricks, China and Japan imploding….
That is the bear view, no doubt and I am not disputing it.
Posted on 8/18/23 at 9:51 am to FreddieMac
quote:
Most of these tech company beat earnings by a lot, but they are falling right now.
Just because they beat the mediocre earnings estimates put out by analysts doesn't mean they are doing well enough to support their stock prices.
Posted on 8/18/23 at 10:39 am to CHGAR
(no message)
This post was edited on 1/27/24 at 11:12 am
Posted on 8/18/23 at 1:56 pm to CHGAR
Had a buddy but into Hawaiian Electric a few days back. He’s holding, but looks like it was a terrible idea.
Posted on 8/19/23 at 9:33 pm to CHGAR
APRN
Posted on 8/20/23 at 1:04 pm to FreddieMac
The pull back is related to the increase in long term rates. People figured out that the “no landing” scenario also meant no forecastable rate cuts which meant 9% mortgage rates and real competition for money. That’s not a 25 PE ratio environment historically.
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