Investing General Discussion

So was there some huge tech stock news I didn't see anywhere today that hit? XLK and every internet/cybersecurity stock I have on my radar all took considerable hits.

Haus said:

So was there some huge tech stock news I didn't see anywhere today that hit? XLK and every internet/cybersecurity stock I have on my radar all took considerable hits.

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I think it was the software stocks that got ass fucked today, not all of tech.

Remember than time, a few months ago, when NVDA was trading in the 80's?

tugofpeace said:

No but I remember buying puts on PLTR at $45 thinking there's no way the run could continue

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Only the most sane and rational of stocks.

Since riding PYPL down into the shitter in 2022, it has stayed there for the last 3 years. This is why knowing when to sell is just as important as knowing when to buy.

Well I'm trying to decide if I should call this a win or not.

Wednesday I took some profits off my favorite tech stock, trimmed my position but not by a ton, so I could put some in a few other small piles elsewhere.

That stock is now down a little over 9% from where it closed on Wednesday. For once in my life I nailed a top, but since I still have considerable holdings in it....

Cad said:

I would tell you to not try to time the market and don't celebrate it as a win if you luckily manage to. Thats gambling.

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Yeah, and this was profit taking of 5% of my stake in it to do some things. If you've seen my other posts in here I'm far from a day trading or even someone attempting to "nail the top", and honestly just surprised that for once I did it. Just wish it hadn't been so the stock could drop 9% in the following 48 hours. heh

I'll still be holding this stock longer as even with this dip I believe the consensus of forecasts for it which show it probably at around 15%-20% growth over the next year from where it is now and I'm OK with that for now. It's that it is the single largest single stock I hold and my pragmatic side is telling me to take mental stress off myself and diversify it into my normally boring blend of ETFs over the upcoming year.