Asshat Foler
Log Wizard
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Sanrith Descartes
the other UNH dip buyers:
View attachment 598026
Big ooof gif for those 99% position reductions.
What do you both think of buying UNH now for a LTH?
Investing General Discussion
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Asshat Foler
Log Wizard
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Lmk if you find a home for money outside of tech. I’m 100% in tech atm and looking for something outside it.
Lambourne
Bronze Baronet of the Realm
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You can get an ETF for just about every asset class. Find an index that doesn't have tech in it. Which one, that's up to you.
Rangoth
Vyemm Raider
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‘those stocks pump and dump like beasts but I have actually never lost doing this. Wait for IV to drop and stock to trade in its little channel. It will linger there for 6 months or so. Buy ATM leaps a year out, when it pumps sell immediately Because unless things actually change it will drop right back down after the hype falls. Not sure if the names are still valid but I think it was ACB, TRLY, CRON, and CBC or something.
do not get in if they are already pumping. Just asking for trouble
Sanrith Descartes
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Furry
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REITs always looked like really bad ideas for investment to me. Investing in real estate you can't see and care for yourself just feels like setting yourself up to get scammed. I agree tech is bloated and there's gonna be some companies that implode in the next 10 years, but I also just don't think that belief is strong enough for me to bet against tech. Steady as she goes.
Sanrith Descartes
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I will agree with this. I see lots of K-1s for clients from REIT investments and I also have lots of clients who own rental properties directly. With the REITs, you just have no idea of how much waste and fraud is being perpetrated by the various management companies. In my anecdotal view, the REITS just always seem to underperform.
Sanrith Descartes
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Sanrith Descartes
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An afternoon selloff wouldn't surprise me as people get an early move toward the door.
Blazin
Creative Title
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Wouldn't put too much into opex day moves. Spikes down reverse in minutes, market is still boring as shit and its summer. This is just passive flow melt up, people aren't going to just panic sell for nothing. Any decline that doesn't have volume just buy it. When the market is like this I try to be patient and wait till something slaps the mood out of the malaise. The actual item/story won't matter just need something to juice a directional move.
Pontification for fun, Dip another rally then we die a horrible death. Dip (~5-7%) Recover (nominal new high or DT) Death (15%+ correction). Is the correction late this year or early next? really no idea to even guess. If this plays out then the bull market can continue, we tack on another 30% by end of next year without correction and I'd say getting close to the swan song of a lost decade earlier than I thought it would come.
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