/biz/, I'm all in. I am 99.3% vested in the market. I sunk my last 8k on 600 share of CMC on Friday. Price was decent, and the dividend Ex date is coming on Jan 14th, so I figured I'd go for it.
I have been buying up various holdings over the past couple months, and they have gone down, which forces me to go long. I'm pretty much in hunker down mode. Collecting sweet dividends until the prices rebound. Over all my portfolio is down about 7% or 3k.
Any thoughts on my stock picks? I know I'm not super well diversified, but I like them. Anyone else care to share positions or portfolios?
TL:DR: I'm all in the the market, how fucked am I?
>how fucked am I?
>All in - right now
Unless you're in long, long term (10+ years) - proper fucked. You're in for a really rough ride if that's legit, anon. As others said I'd cash out immediately if that were my portfolio. Sit on the cash for now as much as it pains you. This correction is going to be a major one and It's coming.
Are you a trader or an investor? If you are the former, you are fucked. If you are the latter, I hope you did your homework on the companies you purchased and you're willing to hold their stock for at least 5 years, else you're also fucked.
Well I don't know if anyone here keeps up with the news, but the S&P is dropping some 4% every day. I wouldn't invest until there is some momentum upwards, otherwise I would be losing at minimum 8% if I wasn't using inverse funds.
Dumped my Macy's today after the big rally. I barely made a profit, but at least I had no losses. Watch, It'll go up by another 8% tomorrow.
60% of revenue is DRAM whose ASP has got slaughtered last year, looking at a slight loss this quarter and probably larger next quarter. Another large chunk is NAND that also saw significant price reduction and MU is lagging Samsung at the moment with the 20nm process and 3D NAND, both of which will be corrected in 1-2Q.
Investors are keyed up on 3DXPoint (and it's underlying technology), though, so it's a long play. In any case I have faith I'll make the money back (50+% profit, actually) in 1-3 years. Reasonable chance of buyout in low 20's in the near term, too.
Knowledge doesn't matter much of the time - stock shouldn't be this low and it certainly shouldn't have dropped 6% today on no news (it was actually -9% before 'recovering').
I would say buy it except the fucker might tank another 20% for all I know. DRAM and NAND markets got decimated the past year and are not expected to improve much until 2017. MU's new 20nm process and increased production of 3D NAND in 1-2Q will help but outside of the disruptive effect many of us expect 3DXPoint to have (but when we do not know), there's not a large upside in the near term (once again, outside of a possible buyout due to the related IP).
If you're interested in learning about MU, check out Breezy's articles over at seeking alpha dot com slash symbol slash MU. He's a conspiracy nut but he has a lot of good information and interesting theories on 3DXPoint and why the speculated underlying technology is so valuable.
All of my holdings closed in the green today. Felt pretty good.
Also, I bought 150 shares of STX. Super sweet dividend and I think the price is a bargain. Thoughts?
The best thing to do right now is do nothing.
Remember, you only realize a loss if you decide to sell.
Sit out the volatility, let the other idiots crowd around to sell at increasingly lower prices, and then wait for the rebound and growth. It always happens.
That's a good play. Be prepared to hold it cause that price won't be going back up for a while I don't think. That 80-95 bucks a quarter will help you forget about it though and it looks like you're in at the bottom.
Yes, HMC and GM is a little strange, probably a mistake. I bought HMC back in November and I regret not selling when it was up 3 bucks a share for me. As for GM... I bought it more recently. I like the company and the dividend. I think it will rebound back to 35 bucks a share within a 2-3 months.
I've been buying the oil majors with a 5 year outlook. These faggots are looking for returns every week. Ever notice why the robin hood threads and oil threads with idiots flipping 3x ETFs are so popular? Retards everywhere.
You'll do well anon in the long run. Scoop up those dividends during this shit period and reinvest them. I've been down worse in 2010 and made a killing. These retards would've shorted back then like they're shorting now for short term (shittily taxed) gains.
The point of investing is using money you don't need right away so you have time.
That being said, CAT might be a dog this year.
>tfw there was opportunity to sell over 100 multiple times.
Nothing is buy and hold forever. I sold those oil companies I owned in 2010 around 2013-2014 because everyone was like, hurr durr oil never going down again.
I don't follow CAT personally but I'm sure it's fucked for the next year or two.
Your portfolio screams, "I love playing with fire." You're gonna get burned pretty hard in the short/medium term.
Everyone is a genius in hindsight. Everyone claimed they saw the crash of 2008 in 2009 and everyone said the March '09 low was obvious when it was 2010 already. This thread is steaming with it.
The market is a massive shitfest of random fuckery. Sometimes fundamentals jive with prices and most of the time they don't. When the S&P was sitting comfortably at 2100, shorts were ridiculed because the fed was going to save all of the degenerate pikers leveraging their 4-digit portfolios. Market is shitting its guts, pounding stocks into clown dust, and everyone is saying "i told you so"
In any case, whether you are long, short, a trader, or investor, everyone at some point is forced to pull their pants around their ankles and take 12 inches of throbbing nigmeat straight up their rectum sans lube.
I've been taking all this week. It hurts. I'm hating myself this week.
I'm buying CAT with the same view you are buying oil. I think the beatdown on oil and mining is nearly priced in. It may drop another 15% or so this year, but I will collect dividends and feel better in a few years. Picking the bottom is for suckers.
Up today. And the CMC dividend popped, 72 bucks. Bought myself a steak after happy hour and broiled it up. Anyone else have a good day?