US stock market is going through severe " digestive phase " which IS being played to the hilt with " extreme negativity "
After a huge gains in many sectors, It was natural to have " usual normal pullback "
BUT negativity is so extreme that one may be forced to sell healthy stocks....
Many stocks are behaving and above major support.....
YES....Investors & traders need to see that strong stocks are a great place to be going forward....
YES....some " highly touted story stock " is looking very shaky and may pull back to its support or slightly below ....
On the other hand, most maligned stock " may have started its recovery "
In other words, do NOT go with popularity, when they may be looking " wobbly "
Always do your " own research " and make your own decision.....
Stock market is a " tough place to make money in the best of times "
YES there are favorite stocks which gets hourly sponsorship in research & push on CNBC...but it only goes so far.....
Conviction & patience is the key to making money....
Good luck with your own research & comfort level...
My health is stuck @ 80% level and getting more complication, have to visit hospital first thing in the morning. May have to spend whole day for tests / results / diagnosis / treatment / medicine.
Last week UP 13.31%
YTD UP 45.65%
BLOG does NOT give buy or sell.
Saleem
11 comments:
Hi Saleem,
Trimmed MSTR @ 372.66 to maintain equal weighting
Sold HASI @ 27.27 on broken chart limiting year-end potential
Buylist:
MTRN - specialty materials provider located in US (beneficiary of tariff regime)
LOVE - furniture seller gaining market share with good chart and high short interest
Stocktrader
Hi Saleem,
I am sorry to hear your health is not staging the full recovery. I hope the testing today is not too onerous and provides some answers. I will keep you in my thoughts and prayers.
Stocktrader
Hi Saleem,
Bought LOVE @ 31.62 avg
Stocktrader
Hi Saleem,
Sold DXYZ @ 37.20 to raise cash
With valuation far too extended on any reasonable expectations (but maybe we should be wildly optimistic about SpaceX?) I take quick profits here as I have other companies in mind.
Stocktrader
So sorry about your health Salem. Praying for 100% recovery soon.
Thank you for the new recommendations Stocktrader!
Hi Saleem,
Bought MTRN @ 114.62
I'll probably add to some underweights with my small cash remaining but likely won't post those as they will be small and just top-offs.
Stocktrader
Hi Saleem,
May you be blessed with a quick recovery and will soon return to doing everything you love.
Michael
Hi Saleem,
Last week: -3.70% (YTD: +0.05%)
Portfolio Leaders: MSTR
Portfolio Laggards: CSTL PSNL BMR ZENV DXYZ PCT HASI
As the market endured a well-deserved bout of profit taking, the portfolio suffered also. A myriad of issues has contributed to my underperformance this year, including lack of overall focus, not cutting laggards quickly enough, and entering into a huge market short position during a bullish phase. As the market grapples with high valuations versus uneven new potential under a Republican sweep, there may not be too much left in the tank through year end, but I hope to still find some select winners that have upside from here, and I am fully back into stock research mode, finding new ideas to replace tired ones. As we have passed the majority of earnings and await the actual change in leadership for the country early next year, there will not be much in the way of macro news, so the focus will be on individual stories - I hope I am positioned correctly.
Holdings (with today's moves): BOX PRGS PAR MSTR MTRN LOVE CNK PCT CSTL PSNL ZENV BMR, cash 2%
Stocktrader
Hi Stocktrader,
Good to book profits after an amazing run on MSTR. It was a good pick.
Michael
Hi Saleem,
New buylist stock: PLNT
With the nomination of RFK Jr to the HHS head, the emphasis on gym memberships either through messaging or actually incentives should increase dramatically. After a great quarter already, this backdrop should provide new fuel for upside.
Stocktrader
Hi Stock Rookie & Michael,
Thank you for the kind words! I'm back finally back doing what I do best - finding good individual companies with fresh catalysts.
Also, one more thing on PLNT: the seasonality is additionally positive as we often see New Year's resolutions turn into (at least temporary) memberships.
Stocktrader
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