Stonks Make Sense

Read the Story

Show Top Comments

It’s almost as if there were completely different people buying and selling, and not a single entity known as “the market”. Yesterday: people/institutions more bearish or worried about some risk quick to sell on COVID bad news and market starting to drop. Today: people/institutions less concerned about COVID news looking for bargains because they think the market is still in a good growth stage. Me: did nothing because who truly knows WTF goes on from day-to-day. I’m comfortable with what I hold, so I hold.

ptwonline

Today I waited for a position I’m not enamored with to climb back up to my cost basis price, then I liquidated it. I don’t want to get caught in the next dip without cash to deploy!

McKnuckle_Brewery

It’s just the media trying to attribute reasons to why the stock market goes up or down. Somtimes there is no particular reason, but the media must apply a reason as to why.

nickspacemonkey

Didn’t do anything either. With no dry powder and a slight margin balance that I need to resolve first, I missed the fire sales.

Fundamentals-802

God I wish I bought the dip yesterday

folkwoodswest