I did not see this coming but luckily sold a bunch of stock last week. IBM TPC VOO all with big gains SMR small gain
I pulled an interesting story of my cell phone and yahoo.. It's weird but I cannot use YahooFinance on my old computer at home but on an old phone no problem-- It concerns biotech and two in particular: The jist of the story is that Biotech does well in rate lowering situations and Mike Wilson at Morgan S-- who despite what he thinks I like -- I just poke fun at him sometimes.. Poor guy. He was negative when everyone was positive and then just gave up.. he said he is no longer going to give predictions... total wimp out and then everything crashed. He must be pissed! I mean there is nothing worse for a future teller than to pack up and leave just before what you had been saying happens... Well Mike and his team have isolated two Biotech names and one we know very well VIKING<-----!!!! The other I do not know and it reads interesting-- the name is CervoMed-- (CRVO)
We gave you ample warning. So you did see it coming. Maybe your inner voice did not listen to the tea leaves... Until the last second! GOOD FOR YOU!!!!!!
We are sitting in a pretty enviable position-- with heavy cash in all accounts except IRA's. In retrospect I should of cleaned house there too... but they always discourage that.
Since nobody came through with any Bargain Bin Ideas I'll do it myself. STONEY'S BIN --Netflix pullback makes Jefferies 'increasingly bullish' on Q4 set-up » 08:05 NFLX --Crowdstrike earnings report could be 'clearing event,' says JPMorgan » 07:37 CRWD --Morgan Stanley says survey suggests Walmart+ members at highest level since 2020 » 07:03 WMT --Meta Platforms in talks to use celebrity voices for AI, NY Times says » 06:25 META --Nvidia selloff on Blackwell bumps offers enhanced buying opportunity, says BofA » 06:20 NVDA --Five9 double upgraded to Buy at BofA with bear thesis having 'run its course' » 06:18 FIVN --EPR Properties just upgraded at RBC Capital, here's why » 05:13 EPR
I DO NOT EXPECT TO RUSH OFF THE SIDELINES AND BUY. The one name I may add today is Elec Arts EA. But only if it really sells off- pre market is barely down. It was initially early this morning down over 3%-- and may now open flat. An incredible tell of strength... but is it Bargain Bin material.. No. I just want to be in this name. EA Electronic Arts Inc. $148.830.43(+0.29%)4:00 PM 08/02/24 NASDAQ |$USD |Pre-Market:$143.81-5.02(-3.37%)8:00 AM EA Electronic Arts Inc. $148.830.43(+0.29%)4:00 PM 08/02/24 NASDAQ |$USD |Pre-Market:$148.83 8:02 AM
We have ask ourselves from a world view. Why would other stock markets be so worried that the US was behind the 8 ball and heading towards a slow down? Did we panic and sell off when China slowed down? It's called Big ole' excuse<----------- With a dash of B.S. Not buying it for a minute.
I am justifiably proud of a few things: 1> Being the only street guru who called out this correction. Who predicted a correction, raised more cash than I ever have in 40+ years doing this that includes every major meltdown... 2> Notching 68 consecutive winning trades. 3> Breaking the Biden news first. The story of the year. 4> Starting a new thread with the vim and vigor of the old one despite me not buying. (Not easy!) 5> Calling out AI for the farce it is.
TreeHouse Foods Q2 results beat estimates, sets outlook within expectations TreeHouse Foods Non-GAAP EPS of $0.29 beats by $0.16, revenue of $788.5M beats by $3.1M