When every man in the street is talking about Nvidia, it's about time to let go. Amongst the 7 I would sell Nvidia and switch to TSLA and Alphabet. Be a contrarian.
Looking at the movements of Chinese stocks in the past few weeks, seems to me there is a lot of selling going on. Most sessions opened high and got sold down. 3-4 down sessions and there would be a rebound. Then the pattern repeats. This saps my confidence. Wouldn't wish to carry babies.
Reposting this to demonstrate my continued commitment.
@Tongdadd:Markets are down again, chiefly due to FOMC's latest stance on rates. We have been through this plentiful times. What has the market taught us since the rate cycle turned 2 years ago? Markets tanked due to expectations of rate hikes and rebounded whenever there were indications of a pause, and some of the rebounds were mind-boggling. This happened several times in the past 2 years. So what is clear is that markets love to go up than come down. What is also clear is that we are definitely at the upper spectrum of the rates cycle, albeit there would be occasional upticks in inflation and economic strength which would stoke the feeling that there would be maybe just one more rate hike, and the selling starts again. Should I sell or buy the dip? I am firml
Markets are down again, chiefly due to FOMC's latest stance on rates. We have been through this plentiful times. What has the market taught us since the rate cycle turned 2 years ago? Markets tanked due to expectations of rate hikes and rebounded whenever there were indications of a pause, and some of the rebounds were mind-boggling. This happened several times in the past 2 years. So what is clear is that markets love to go up than come down. What is also clear is that we are definitely at the upper spectrum of the rates cycle, albeit there would be occasional upticks in inflation and economic strength which would stoke the feeling that there would be maybe just one more rate hike, and the selling starts again. Should I sell or buy the dip? I am firml
Took pretty decent profits on Alibaba and Baidu today due to the surge. Question now is, will I be able to get them back over the next few days at lower prices? I am unsure man[LOL] [Facepalm]