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Tech Buys

Baseman
Baseman Member Posts: 12,369
edited May 2022 in Tug Tavern
Added to

Google
Facebook
QQQM

Will buy more if the dip continues.

What a great week for my Tesla Puts.

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Comments

  • dirtysouwfdawg
    dirtysouwfdawg Member, Swaye's Wigwam Posts: 14,144 Swaye's Wigwam
    Qqqm going lower you think?

    Bought alphabet at the last dip and now it’s back about even with the recent drop... am I even doing this right?

    It’s just Monopoly money cause I’m a pour so whatever.
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  • Baseman
    Baseman Member Posts: 12,369
    dirtysouwfdawg said:

    Qqqm going lower you think?

    Bought alphabet at the last dip and now it’s back about even with the recent drop... am I even doing this right?

    It’s just Monopoly money cause I’m a pour so whatever.

    Yes. QQQM probably goes lower. It reached my first limit buy today. Hoping it goes lower along with Google and Facebook.
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  • godawgst
    godawgst Member, Swaye's Wigwam Posts: 2,554 Swaye's Wigwam
    Agree on Google. It's my favorite company in the world besides Alibaba which is higher risk but higher reward.

    As a trade, Square is a option for a quick trade.

    This weeks downdraft has been orderly imo meaning I see more to come. Your not seeing everyone running for the exits and volume exploding.

    What do others think?
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  • EwaDawg
    EwaDawg Member Posts: 4,339
    godawgst said:

    Agree on Google. It's my favorite company in the world besides Alibaba which is higher risk but higher reward.

    As a trade, Square is a option for a quick trade.

    This weeks downdraft has been orderly imo meaning I see more to come. Your not seeing everyone running for the exits and volume exploding.

    What do others think?

    Yeah. I've started to be more cautious since the market dropped two weeks in a row after setting an all time high on 4/16. I don't think that had occurred in about six months. It bounced back nicely last week but I still reviewed my holdings and set trailing stops for each position. The stocks that I wanted to upgrade I set the trailing stop at < 5%. The better holdings I set at 10% or higher.

    I am guessing this week will be a down week, as well since we are still down about 750 pts from monday opening (prior week close).

    The good news is I sold the worst positions and bought back a select few at a lower price and managed to buy some of the more attractive stocks (that I didn't previously own) at a discount. Perfect market to upgrade the portfolio.

    TLDR. Earlier this week I was thinking that it was the start of a steady, long term decline. Inflation numbers reinforced my fear. Today, has me more optimistic.

    Agree, on GOOG. Bought a small position on slight dip recently. I'll take a pass, for now, on SQ and BABA. .
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