I honestly cant say for sure but since tech has already peaked and seems to be in an overall downtrend it MIGHT be a red flag of things to come.
For example I cashed out like 2 weeks ago. Had I cashed out sooner Id be up 10k on apple....instead I got a small gain only to lose to lose it on apple leaps (long dated buy calls) which wouldve been bigger losses if i held until now.
About 90% of my account is cash except for some various calls on REITs, GME, and some other meme stock.
Up to you really I want to see the market at least flatline for a bit. Right now it swings hard up and hard down showing no signs of stability. Even if it flatlines it could do what, iirc, happened in 2008 where it flat lines and ends up dumping big a few weeks/months later.
So if you're indecisive my advice is to >pick the stocks you trust the least in maintaining value and sell them If you're not at least 70% cash them do this next >pick the remaining stocks you have and save the top 3, sell them Still not 70% cash? >of the top 3 cut each position in half Hopefully you're at 70% cash by now cause otherwise you might as well go full cash at this point lol
Chase Russell
WKHS GME NAK TQQQ
RISE UP GAMERS
Luke Reed
You should put twinks at the top. Those 3 guys look like the types who'd have sex with themselves if they had clones.
Aiden Sullivan
Don’t go for super high yields, ideally you want somewhere between 2 and 4.5%. Too high of a div yield can mean payout issues, declining stock price or dying company trying to get people to buy stock
Christopher Adams
TSM growth stock with 2% div yield. Growth was similar to MSFT and similar tech stocks.
Connor Garcia
Savanon, update us on SAVA & GALT
Joseph Edwards
Man I don’t even know what the fuck what I want
If stocks go up I make money that’s good.
If they crash I get to get in early and we have a rally like in March
>zero revenue until FDA approval >FDA approval is lengthy and costly at nearly every step >no clear customer base or scalability capabilities >at every step insiders or big money can sense the direction and swoop in at exactly the key moments before its ever close to a press release Biopennies are landmines and should be avoided at all costs. The mid and large cap biotech firms are basically the great collectors of what few ever make it through the many filters.
Dylan Ortiz
Is it time to cash out?
Carson Cox
Too add it messes with the stock chart as well. For example apple used to be $300. Look at the chart now a year ago. Price is like $75. Quite deceiving imo
Dominic Rodriguez
>at every step insiders or big money can sense the direction and swoop in at exactly the key moments before its ever close to a press release So I can lose money even if the drug pans out?
Parker Nguyen
Albeit this is with a regular split (price looks lower in the past than it really was for 1 whole share at that date eg 1 2019 apple share is equivalent to 4 apple shares). A reverse split does what is seen on your chart instead.
Jeremiah Smith
Is book value anything to go by these days?
Evan Wilson
>panic selling after a couple red weeks Jesus fucking Christ, yes please liquidate your stocks, people who lack testicular fortitude shouldn’t be investing in the first place
You would need to be able to exactly time it. Even if they "make it" and pan out, the massive shares issued in the interim will be very unlikely to give you the big gains you think you might get This is just the state of biotech. Offshoots of university projects and will always sound AMAZING about what they hope to do. Routinely, like 99% disappointments. It's sad but it is THE rookie mistake. They are also routinely pump and dump targets because of really shitty volume. There is usually at least one pet biomeme rattling around in /smg/ until the inevitable dump. I think the last one was KTOV There will be a new one.
Grayson Jones
>Rule 201 – Short Sale Price Test Circuit Breaker. Rule 201 generally requires trading centers to establish, maintain, and enforce written policies and procedures that are reasonably designed to prevent the execution or display of a short sale at an impermissible price when a stock has triggered a circuit breaker by experiencing a price decline of at least 10 percent in one day. Once the circuit breaker in Rule 201 has been triggered, the price test restriction will apply to short sale orders in that security for the remainder of the day and the following day, unless an exception applies. if the market dump fucks up the GME spike tomorrow, we at least can't blame short sellers that time.
Market is rigged to go up, and if we still can't get a squeeze, then the only hope left will be a tender offer. I mean we'll all exit with a profit by Q3/Q4, but GME $100 not gonna happen..
Brody Sanchez
Thanks for the writeup user.
Bentley Morales
Should I buy sony? It seems Sony always wins but their stock looks concerning
