Took 70% of my cash and put it into the stock market

Meast21 said:
Bought 15 stocks and these 6 stocks NVDA, CMG, ZM, SHOP, CVNA, NFLX make up 75% of my portfolio... I went a lot of technology stocks that have been beaten down the las 6-8 months.. Thoughts??
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What a slippery slope . It's quite the dice game. I think things are gonna take a real ass-kicking in near future. Then again , you could make out great. Good luck !
 
StonedGardener said:
What a slippery slope . It's quite the dice game. I think things are gonna take a real ass-kicking in near future. Then again , you could make out great. Good luck !
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I got out of the market today.. Don't trust these pos at all, its a rigged game that makes not much sense... Will get in when it goes lower and/or I will just guy Mcdonald's and coke stock and make money on the dividends.
 
DoubleAtotheRON said:
Personally, I don't think NFLX is going to gain any more subscribers, it was a Pandemic thing that spiked it, and now that it's over... I don't see that many going back. People are cutting out some of the niceties to afford to fill up thier vehicles.
NVDA: Showing a strong sell off, but the 12 month projection looks good.. strong buy.
CMG: Although they took a beating during thier recall, it's recovered. It's a hold. Very expensive tho.
ZM: This is another victim of the Pandemic. Strong during, and fell off post covid. I see ZM as the "My Space" of Social Media, and it will prob have the same fate.
CVNA: Even after a 13.2% loss today, I think this may be a good long hauler. Unfortunately, during this silicone chip shortage, it did create an inflated value in the used car market. The problem with this is, as chips become available again, the used car market will stabilize. BUT! they have already invested in their current inflated inventory. This could be a disaster for thier profits as they come into a more stabilized used car market, and prices come down. This should be fairy short term tho, and is why I say it will be a good long term investment.

That'll be $50 consult fee sir.
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Let's keep this thread going.. I need to make money on stocks and hate them and am a novice... I see this market tanking for the next 5-6 months. So much negative shit out there.
 
One I missed is AMR..... shit!, I wished I would have grabbed that one about a year and a half ago. Crazy gains, and still climbing.
 
I shorted COIN today since crypto has dumped recently and they report earnings tomorrow after hours. They are down a lot since their IPO and user activity is down a lot. With rising costs of living lately, less people are wanting to trade crypto.
 
waterproof808 said:
I shorted COIN today since crypto has dumped recently and they report earnings tomorrow after hours. They are down a lot since their IPO and user activity is down a lot. With rising costs of living lately, less people are wanting to trade crypto.
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It's a very nervous market the past couple of trading days. The Fed move was def a cause of this chain reaction we got going on. And yeah... it may take a minute for Crypto to find the bottom. The energy sector took a proper beating as well today. HAL, DVN, CVX, XOM, MRO... brutal.
 
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Meast21 said:
I got out of the market today.. Don't trust these pos at all, its a rigged game that makes not much sense... Will get in when it goes lower and/or I will just guy Mcdonald's and coke stock and make money on the dividends.
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I ran that gauntlet years ago , just like gambling...hit it big then take it in the ass. I'm older and more conservative........call be a boring ass-hat , but I've learned to like CD's......I make out in the worst of times. That market is like cocaine , " the lure of easy money " .
 
I
waterproof808 said:
I shorted COIN today since crypto has dumped recently and they report earnings tomorrow after hours. They are down a lot since their IPO and user activity is down a lot. With rising costs of living lately, less people are wanting to trade crypto.
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I think if you're a true stock expert it was really easy to make money the past 2 years. Easy to make money on some of these companies by shorting stocks bc they were way overvalued. I don't know how to short and barely don't know how to buy haha...
 
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