OT: Stock and Investment Thread
- Thread starter RU05
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Good thing I sold 50-75% of the quantum stocks last week. There is likely a healthy correction coming.
Correction in quantum or in market?
August and September are typically the worst months for S&P historically
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MDB is on a nice run, 10 day win streak prior to yesterday.
PANW down 10% on that news. Failed at $200 yet again.
Once the market fully digest this news perhaps this will be the catalyst to finally break through.
I don't know about a full correction, but a market cool off here does time well with historical seasonality.
And the high beta stocks(and this has been a common narrative of late on CNBC) would certainly feel that cool off more then the overall market.
Speaking of dip buying.
The KRE(regional banks) since the Silicon Valley Bank collapse in May of 2023 has outperfomed the S&P by 1500 basis points.
Just slight underperformance to the Q's. A percent or 2.
The regionals get no love, but that is strong performance if you bought when panic was at it's highest. I own a couple individual names, including VLY which has been OK, but looks like it's on the other side of a reverse head and shoulders. So Im hanging in for awhiles longer. 4% div.
Side note: I was googling basis points to % conversion, just to make sure, and as I typed in 15 google prompted "150 basis points". Either I said the words out loud with out realizing(and my computer is listening) or the algo really gets me.
Tom Lee has been pushing KRE for a long time. Makes a lot of sense, especially when interest rates start getting cut again.
As for PANW, just looked, only down 5-6% now. Let's see how the afternoon goes.
10% as in the 2 day move off of $204.
I've been selling some stuff very recently so I have money waiting for dips. Here's a dip, so I bought a little more.
Got it. I'm eyeing SOUN, Mongo, and a few new biotechs. Still interested in LULU, but need to figure out the right entry point.