seattle prattle wrote:
seattle prattle wrote:
Big Tech earnings this week. Should be fun.
Should see solid beats. The narrative will be that companies are starting to rebound and the economy is picking back up. This is, of course, ignoring the fact that all those companies set the bar incredibly low last quarter. Anyone who does miss expectations, then God help them.
As for me, the market doesn't care about facts so neither do I! I'm long on options for several tech companies and long on NDX in general through futures contracts. Amazingly, oil has been a big winner for me as well. I've been long on oil since about 2 months ago and Donny's little sanction against Iran turned out to be a nice boost. Almost makes up for the amount of money I lost betting on a huge gold run up right before Brexit (god damn European Union prevented the catastrophe I needed by giving the UK a 6 month extension).
How's that PALL doing? Ok, checked and it looks about flat from when you brought it up, but some good upside along the way if you took profits at the right time.
Oil was a bad timed trade for me as it turns out. I unloaded natural gas companies at the end of the year in tax loss harvesting and they all rebounded really well with me on the sidelines.
But more fundamentally, I doubled down plus some on Tech and the Nasdaq at the end of they year when i bailed out of a good percentage of small caps (TNA- the leveraged stuff).
Netflix today sure looked good. And watching solid rise on the FANG stuff today sure looks like the market is placing their bets on good news out of them and Microsoft this week and next with their earnings. Read an article today how they are more attractive now than they were last year because their valuations are reportedly a bit lower and investors feel more comfortable piling in consequently.
Oh yeah I forgot to mention to everyone here to bail out on PALL and load up on PPLT. Supply chains are moving off of palladium and back to platinum. I like PPLT for the next 3-6 months really. We'll see how that plays out.
You talking about Microsoft or Netflix being good to get into? Netflix is hot garbage and Disney's own streaming service is going to undercut the sh!t out of it. Plus Netflix has billions in corporate junk bond paper and negative cash flow. I'd say they won't survive a world where the Fed funds rate is much over 3% (if it ever goes that high ever again). They basically paid Disney an unholy sum of money for rights to all their stuff and then Disney launched their own service. But I guess they're sort of expanding into India.... so there's that lol. Microsoft is boring and hardly moves. Good ol fashioned blue chip