(01-04-2021, 05:54 PM)StroudCrowd1 Wrote:

(01-04-2021, 05:52 PM)HURRICANE!!! Wrote: I almost bought Quantumscape (QS) right before the close today.  Stock dropped 40% today.

Sounds like a stable company to fund a retirement.

Up 19% today.  I pulled the trigger this morning but only with a small amount since it will likely go down tomorrow -- i'm predicting a 5% drop on Wednesday.

As I've been monitoring stocks in detail since Sept, there's definitely some trends --- 
1st - earnings are nice but the people that impact the market don't value it as they used to
2nd - when the target price is dropped, people jump ship (crash) then everyone jumps back in to buy the dip the next day
3rd - on day 3, a portion of the people that made their day 2 money take their profits leaving a small dip

Thus, in the case of QS, they dropped 40%, then went up by 19% and should go down by ~ 5%  ..... we shall see

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(01-05-2021, 04:50 PM)The Real Marty Wrote: Guys, as a wise man once said, it's not timing the market, it's time in the market that will give you success.  

No one knows if the market is going to be up or down tomorrow, next week, or next month.  But one thing is for certain: the long term trend is, was, and always will be, UP.   Take only money you won't need for the next year or two, and leave it there.   Another wise man once said, "My holding period for stocks is forever."  

I know that's a boring approach.  You can't use that approach and post messages about how you bought or sold this or that stock, or how you beat the market this year.  But it is the one approach that is assured of success.

That is the contrarian approach (maybe traditional is a better word).  Apparently that dude doesn't like NASDAQ or know what FANG stocks are.  We are in a totally different world right now where everyone is throwing $$ into the market --- yes, all those rich Millennials are loading up the market to boom status.

I'm riding the technology wave and within ~ 3 months I anticipate the recovery stocks (e.g. oil, airlines, cruise ships, banks) should be reaping big time returns.  one thing i learned is that even if i think i missed the major opportunity (e.g. roku, square, tesla), getting in during the summer was still a great move -- that said, Alibaba and NIO drive me crazy each day.

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