Sorry to read that; a 23% drop now requires a 30% gain to recover ....
The only thing I have learned over the last year is it is impossible to time markets and so I'm building a diversified portfolio and I'm going long ...
Unless you want to make trading your day job investment is not an amateur activity. You can build a sensible pension pot through a diversified portfolio of assets and funds and not have to be a (day) trader.
I could not imagine the stress of having a 6 figure sum that represents a big chunk of my SIPP in a single stock or investment trust ... even less so one that is highly specialised or focused.
I admire the nuts of those who are willing to make such bets but to me it seems like the road to ruin more often than not.
Good luck all.
The next craze... prolly be NFTs. Can imagine the new generation 'investing' in this area this year.
https://www.bbc.co.uk/news/technology-56252738
I understand the rescue would involve just printing even more money beyond the staggering $120 billion per month they are already printing.
From what I have read the Fed are now caught between a rock and a hard place, as if they print more they will risk a complete bust, but if the don’t print more they will risk a complete bust.
The Fed are resorting to comments like we are watching this very closely, which briefly drops the treasury yields, before they rise again.
Days like this, all there is to do is to stay away from the prices and let it all ride out. A lot easier said than done mind you!
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The thing that constantly amazes me is what some of the new generation of investors (read gamblers) actually deem to be “research and facts”.
As an example, I have a decent fundamental understanding of the medical diagnostics market from working on the periphery of it for a number of years now. COVID has turned this market upside down, attracting a new generation of investors into a number of highly speculative plays.
When you visit some of these company’s stock chat boards the lack of understanding of even the most basic facets of the sector is simply staggering. I joined a couple in an attempt to provide some actual facts, but just got shouted down as a ‘basher’ so quickly gave up. You’re literally screaming into the void if you try to inject even a modicum of reality.
It’s mad out there with some of these stocks. People are getting sucked in and losing huge amounts of money. They’re also dragging friends and family to the parties, who also then suffer big losses when the inevitable rapid falls come as nothing valuable materialises. Genuinely eye-opening and quite terrifying.
FOMO, Lambo's and herding what could possibly go wrong...even fell for it myself in a very, very small way and paid too much for a tiny TIGR last week, hodl I believe is the term you chaps use...
Grimes, pffft, what a farce.
It is never good to lose money, but it is only a problem if anyone has piled in since December 2020.
If anyone has held this for anything like 1 to 5 years, they have still made out like bandits.
I’f you have been fully exposed for a decade, you’d be travelling the world first class in retirement when COVID allows.
EZJ still doing well, could be a safe haven for a few months
I think the next interesting time for the market will be next Wednesday 10th when the 10 year US treasury notes will be auctioned.
There has not been a similar auction since Feb 25th (7 year note), when the market had a hissy fit because of the awful debt auction.
If the auction is worse next week, the markets are in for further pain.
https://www.treasury.gov/resource-ce...s/auctions.pdf
I rather doubt that. Euro countries are gagging for some Great-British-Tourists. With all U.K. adults vaccinated by end of June the airlines will at least have some cash coming in again.
My only play in this sector is Menzies who do airport ground services, which was a very lucky purchase for me so far. Their results are due 9th March. Hopefully it will be good for at least 300p sometime this year.
Last edited by Justin Case; 4th March 2021 at 14:18.
All SPACs going to $10?
Looks like it.
Been selling quite a bit of momentum stocks into the recovery off the first selloff. I can still see the possibility of the market recovering/rallying late in the session (Powell just speaking), but my trust is low. Will pick up more SPACs at around $10 levels, see that as a nice asymmetric play on a potential market rally without as much downside risk.
Other than that, can't wait for Tezzler to implode. Fingers crossed.
TSLA: The Revenge
This time it's personal.
I have some sizable bids in some SPACs at $10.01 to $10.05 and am getting pounded. People selling in lots of 20s to 1,000s.
Was expecting Powell to save this market a bit but...
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I give up.
Gonna cash it all in and blow the little that's left on coke and hookers.
For anyone that is able to buy Greyscale Bitcoin Trust (GBTC), for some odd reason, it's currently trading at a discount to the amount of Bitcoins they own.
Not sure that will happen very often. Quite an amazing price to get in at, below $40 when BTC is trading at $48k.
Total decimation on the Reddit TSLA investors forum right now.
That's quite a discount!
Must be the cheapest Bitcoins in town, right now?
Their website talks of the possibility to actually convert your GBTC holdings into "real" bitcoins at some point in the future, in the same way that you can do with some gold ETFs.
I imagine things would have to settle down a bit before that'd be possible.
SIPP getting shredded again. Just means I'll live like a King in retirement but will need to book a one way trip to Dignitas at around age 67
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GOOD GOD... Tigr pre market 18.82 please someone tell me im dreaming still lol
Anyone else found their THCA holding on HL is showing as "N/A"?
I have a red exclamation mark next to the ticker which says "We are unable to provide a recent price for this stock online and, as a result, it is not included in the totals here. For an up-to-date price, please contact us."
Not seen that before.
Knowing my luck, the company's owners have done a runner with everyone's cash.......
But being positive, maybe they're about to announce a massive merger and the price has gone up so much that HL are having to check it.....
Last edited by mr noble; 5th March 2021 at 09:32.
THCA is fine with me now on HL, wasn’t at open though with issue as described.
EDIT; its now playing up!
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