patrick.net

When is good time to buy stocks.

Snp 500 max 4700 based on fibonachi 2900 is when I start buying.

It's always a great time to sell.

Nobody ever went broke selling too soon and taking a smaller profit. Many went broke hoping for a reversal and more profit.

DooDahMan says

Uber will never ever turn a profit

It blows my mind that they haven't figured out a way to turn a profit. How is that possible? What is their biggest expense...coders?

S&P 500 closed today down 16.9% from all time high of 4818. I see one very bad day this week of a 4% or 5% drop will take us to the 20% mark.
Seems like it is more than likely this will happen.

Now once it drops to this 20% mark, then officially we are in a bear market. We likely will not remain that long in a bear market.

And I think once it reaches the 20% market, it will easily reach between the 25% to 30% mark within one or two weeks.

Look how the S&P 500 crashed within a couple of weeks by about 33% back in March/April 2020 and then quickly recovered.

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SunnyvaleCA says

government-monopoly taxi services

The "medallion" racket was really getting out of hand. I'm surprised that Uber and Lyft were even allowed to run, given their threat to that unearned income stream.

DooDahMan says

Wall Street is heading into a summer from hell — and top investors say it's going to bring a near-biblical reckoning to the market

a lot of major tech stocks and ETFs like Google, Intel, AMD, Amazon, Facebook, JETS, SLV, etc are down at least 25%

other stocks and ETFs like Ebay Palantir, Paypal, Ebay, ARKK, etc are down at least 55%

so there already has been a lot of proverbial Wall Street blood on the streets

S&P 500 is down nearly 17% :-/

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Chinese tech stock composite ETF (MCHI) is down more than 40% from highs reached in January 2021. This has all the big names you will recognize in it's top 10 holdings.

JP Morgan called these stocks "un-investable over the next 6 to 12 months" about 3 months ago. Yesterday they put out a piece advising to overweight the big names in this index. https://www.cnbc.com/2022/05/17/jpmorgan-upgrades-its-view-on-chinas-alibaba-tencent-and-meituan.html

By any reasonable measure of valuation all of these are screaming buys - the problem being, can you trust the numbers (probably not), and is the CCP finally done f_cking around with this sector (same answer).

I like this one (MCHI : ER .57%) and for domestic tech IUSG (ER .04%) as a low cost way to own a basket of the biggest tech companies in the two superpowers. I expect both to keep dropping but I continue to nibble on the way down. I still have a 10+ year time line and am not exposed to single stock worries with ETF's. I do worry that a hot war with China will make MCHI worth zero so I do not "overweight" it.

I once dabbled in Emerging Market stocks; they sucked and I got out forever.

Then, I dabbled in a mutual fund of Asian stocks ex-Japan called New Asia Fund (T. Rowe Price).

I got out of that too, never again. However, I made money over the time I owned it.

Later still I bought some piece of shit called BABA; a girl I used to date was from Shanghai and recommended it to me.

I'll never buy a Chinese stock again either. I'm waiting to see if I can sell BABA without losing too much money. Someday I'll throw in the towel and sell it at a loss.

I wish I had a job sometimes; I would be buying more USA and developed foreign stock mutual funds now. I would also add to my Swiss stock ETF FLSW.

DooDahMan says

The S&P 500 slumped 4% on May 18

S&P 500 down 18.6% from all time high. I expect it will reach the 20% level this week during intraday trading. Once it reaches that level then technically we are in a bear market.

Look at the blood bath with Dollar Tree, Walmart and Target. Dollar Tree is at $133. It was $115 back in January 2018.

And Walmart is down 25%. I have never seen it drop more than the S&P 500.

And Disney is down 45% ! ! ! It is at $104 and same price as it was in February 2015 ! ! !

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However, valuation is not that bad. The S&P 500 PE ratio is 19.8

It bottomed around 15 in 2011. Steadily climbed and peaked to around 37 in 2021.

It peaked to 44 in 2000 and 123 in 2009.

https://www.multpl.com/s-p-500-pe-ratio
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How I wish I had a source of new cash, I would buy buy buy.

Let's Go Brandon!

SunnyvaleCA says

Uber and Lyft are great for consumers! Lower prices, more convenient, and better service than government-monopoly taxi services.

I for sure pick Uber or Lyft before a taxi service, unless in another country that doesn't allow rideshare. But that's usually leisure so I'll just hire a car service as most countries allow having a drink in the car to the hotel or house while in the car and it's substantially cheaper than limo services stateside. For my distance to Midway it's about $350 with tip. Same distance in Mexico is $125 with beers or champagne.

So...I'm planning on going long on AZZ because it's AZZ!

Seriously, looking at buying more UNFI, SJT, RNLX, AMRS and maybe something somebody recommends on this board with good fundamental reasons.

Tempted to buy KHC.

Stocks can go down further with recession. Buying some at this level can not be too bad. Buy again if they go down further. Make sure to buy long term money making companies.

TheSameAD says

And Walmart is down 25%. I have never seen it drop more than the S&P 500.

And Disney is down 45% ! ! ! It is at $104 and same price as it was in February 2015 ! ! !

Walmart cancelled MyPillow for bullshit reasons, they won't even have it on the .com site. So fuck them, they were the chief outsourcer of US Manufacturing in the 90s and 2000s.

Should be disturbing when going into a recession, they're suffering. They drove out all the competitors in many places, and are now the lone general goods/supermarket in much of rural America. Now they drive up prices to a captive audience.

Also, they never pay jack shit for distribution centers; almost all of them are wholly subsidized by the local government.

AmericanKulak says

Also, they never pay jack shit for distribution centers; almost all of them are wholly subsidized by the local government.

I think this is Walmart's future. They will get the distribution contracts for CITIZEN CALORIE RATIONS when the Democrat's FAIR DISTRIBUTION of RESOURCES PLAN, otherwise known as The Starving Times, comes.

'Please present your voter registration party affiliation to take your place in line'

1337irr says

So...I'm planning on going long on AZZ because it's AZZ!

Seriously, looking at buying more UNFI, SJT, RNLX, AMRS and maybe something somebody recommends on this board with good fundamental reasons.

Tempted to buy KHC.

Unfi is solid though it can go lower short term. Long term probably a good buy

Blue says

Stocks can go down further with recession. Buying some at this level can not be too bad. Buy again if they go down further. Make sure to buy long term money making companies.

what symbols you buying?

I'll buy more UNFI and some AZZ. I do love my biotech with RNLX and AMRS. Thanks for the input mell!

Why khc pe is 35 still. 4.5% div is good