I Bailed

[themickey]

Today I jumped, not 100%, still holding Gold and Silver as I've become a bagholder unfortunately with this sector. I got trapped with that sudden reversal early January.

But dumped holdings in Fintechs, Lithium, Nickel stocks, Security software and Sportsbetting.

Have kept some positions on computerchips and a couple of penny fintechs.
Also kept some bibs and bobs misc penny stocks.

Atm am partucularly short term bearish technology stocks, battery metals, fintechs and mkt in general.
I think risk is building but I'm not calling a dramatic top as such, bit early for calling anything like a top, but making money for longs going forward might be an uphill battle.

 

[JSOP]

Today I jumped, not 100%, still holding Gold and Silver as I've become a bagholder unfortunately with this sector. I got trapped with that sudden reversal early January.

But dumped holdings in Fintechs, Lithium, Nickel stocks, Security software and Sportsbetting.

Have kept some positions on computerchips and a couple of penny fintechs.
Also kept some bibs and bobs misc penny stocks.

Atm am partucularly short term bearish technology stocks, battery metals, fintechs and mkt in general.
I think risk is building but I'm not calling a dramatic top as such, bit early for calling anything like a top, but making money for longs going forward might be an uphill battle.

Ah ha!! So you are the one who's responsible for the 2.7% drop in Nasdaq today!! Makes sense now that the vaccination efforts is well underway, the economy is re-opening slowly, there would be less and less dependency on high tech. for everything. It is time to switch to different sectors, sectors that were hard hit by the pandemic.

 

[narafa]

The market bought the vaccine R&D all the way up and is now selling the reality (After vaccine availability), all priced in.

Same old "Buy the Rumor, Sell the News".

 

[themickey]

.....It is time to switch to different sectors, sectors that were hard hit by the pandemic.

The only hard hit sector I can see is gold and that one just likes reminding me of what pain feels like.

 

[JSOP]

The only hard hit sector I can see is gold and that one just likes reminding me of what pain feels like.

Can't sleep. That is what pain feels like...

 

[themickey]

The other day when the media were splashing headlines; ".....we're expecting a Commodities / Metals supercycle to begin" I thought to myself. "Ya Ya Ya, here we go, top coming soon probably".

I recall the 2008 drop off, just prior they were saying "...Market supercycle....".

 

[Nobert]

View attachment 253692

The other day when the media were splashing headlines; ".....we're expecting a Commodities / Metals supercycle to begin" I thought to myself. "Ya Ya Ya, here we go, top coming soon probably".

I recall the 2008 drop off, just prior they were saying "...Market supercycle....".

I.I page 190.

 

[themickey]

The market has its own secret special way of knowing when everyone or enough have crowded onto one side of the boat, then like a giant whales tail, flips the boat upside down the other way.
"Price is always right" Yeah 'right' to get fleeced. hehehe

 

[unconventional wisdom]

i'm also bearish on tech but i think there may be some merit to the commodity super-cycle idea. overweight materials and oil, unfortunately also bag-holder of GDX. i have some longs and puts and if i hit a particular target i may sell everything and wait til the market has some clearer direction

 

[narafa]

Commodity super-cycle is for real, it just doesn't happen to all commodities alike at the same time, there is also "Sector-like" rotation in commodities. Essentials move first (Food, Grains, Industrial Metals & Energy), then others follow later.

Gold & Silver already moved early but then due to this rotation, they are correcting, but long term, they will continue their trend upwards, just a matter of time.