I bought 400@90.00s yesterday after selling at Open gap. I previously sold $97 bought back $91 on the crazy drop Monday.
Strength in VISA suggests financial stocks are oversold here. That's the story of this market, profitable areas being dragged down short term by mediocre IT companies. It may be an opportunity. Cenovus up 7% now and trending. For those who think 2022 is a repeat of the year 2000, the SPX only dropped 6% in year 2000. Given that 30% of the SPX is IT, it could be the only real bear is in IT.
CNBC, Cramer and panel like Disney saying they're getting hammered because of NFLX. I bought $125, $120, $115(Averaging Down). Dang, I had the CVNA $75 Puts, I wrote my kid telling them the puts were going to $15 if he wanted to do a AON trade.
Van, how can DWAC be going up when the high quality companies are getting crushed? If Musk brings Trump aboard, will it go to $10?
Cenovus ( CVE ) still marching higher suggesting earnings across the whole sector may be easy wins. Some energy gains are muted today but Baytex is regaining almost all lost ground from last week already. Whitecap reports in the morning I may consider a switch into it late day but it was one of the weaker beats last quarter. But if they all raise dividends it'll be good for at least a small pop imo.