Investor's dilemma
One of the more competent regular panelists on the CNBC program that airs on weekdays from noon to 1pm, said today that "you can only invest in so many stocks". He was trying to explain why he had chosen to sell a stock even though he believed that it had great potential. One could wonder, "when we get to this point, is there a correction ahead?".
In a January 19th market commentary here, the closing comment was "Could this possibly be a bubble? Of course it is and I don't want to miss it". The saga continues. Of stocks mentioned at that time, HAPP, FTCH, SAGE, and YNDX have been sold, three with modest gains and one with a slight loss. BIID has gained over 10% since that time due to a satisfactory settlement of a drug patent dispute that was news to me. A medium sized position in TWLO was sold yesterday with a slight gain as I realized that it was a mystery to me, missing today's 7% decline. Yes, it seems that for part of my portfolio, I have become a trader. Keeps me busy!
Paycom(PAYC) is a significant longer term holding with solid gains in place, but it declined 9% today on what looked like a stellar earnings report that beat expectations. Not all expectations it seems. Smile Direct Club continues its rise after several purchases in January, up in the aggregate 12%.
The Stock of the Day here, if there is such a thing, is QTT, that's Qutoutiao. It's a mobile app company based in Shanghai that is possibly comparable to SNAP, but in China. It also seems to encompass comic books and cliff notes, as well as an application like Medium. Dived in two days ago and now up 15%. Maybe it's reaction to the Corona virus and the thought that people will need to stay at home more, and need entertainment. The stock must be watched, just like the virus. Two days after the purchase, it is a mystery to me how QTT hit my radar. That's a bit of a concern.
This does not seem completely normal, talking about me or the market? Proceed with caution.
In a January 19th market commentary here, the closing comment was "Could this possibly be a bubble? Of course it is and I don't want to miss it". The saga continues. Of stocks mentioned at that time, HAPP, FTCH, SAGE, and YNDX have been sold, three with modest gains and one with a slight loss. BIID has gained over 10% since that time due to a satisfactory settlement of a drug patent dispute that was news to me. A medium sized position in TWLO was sold yesterday with a slight gain as I realized that it was a mystery to me, missing today's 7% decline. Yes, it seems that for part of my portfolio, I have become a trader. Keeps me busy!
Paycom(PAYC) is a significant longer term holding with solid gains in place, but it declined 9% today on what looked like a stellar earnings report that beat expectations. Not all expectations it seems. Smile Direct Club continues its rise after several purchases in January, up in the aggregate 12%.
The Stock of the Day here, if there is such a thing, is QTT, that's Qutoutiao. It's a mobile app company based in Shanghai that is possibly comparable to SNAP, but in China. It also seems to encompass comic books and cliff notes, as well as an application like Medium. Dived in two days ago and now up 15%. Maybe it's reaction to the Corona virus and the thought that people will need to stay at home more, and need entertainment. The stock must be watched, just like the virus. Two days after the purchase, it is a mystery to me how QTT hit my radar. That's a bit of a concern.
This does not seem completely normal, talking about me or the market? Proceed with caution.
posted by John Borden at 5:24 PM
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