I can be Huge too

[antioch6]

Sold everything and went to cash. Maybe it's time for a vacation.

[antioch6]

I bought VIPS at 9.09. I'm in with 221 thousand on 100 per cent leverage. I'm thinking if it has one more big down day I'll sell. If anyone wants to come in with me it's trading at 8.35.

[jiesen]

I thought about doing that with you, but decided to just buy an S&P index fund (VTI) today instead, while the S&P is sitting ripe here at 3606. I will sell this above 4000, probably this year. If it goes to 3300 first, so be it... maybe I'll just buy some more.

[jiesen]

So, first day and I'm up 2% on this already.... too soon to tell yet, but did I just call the bottom of the bear?

[BlueWolf]

So, first day and I'm up 2% on this already.... too soon to tell yet, but did I just call the bottom of the bear?

We’re getting a little bounce, maybe more of a little sideways consolidation, but I don’t think this is the end of the bear market so be careful.

[jiesen]

Take a calculated risk, that's what I say... Carefully yes, but we are up 4% now from Friday's close.

[antioch6]

I'm about back to even on Vips. Down 1%. China looks super low. Spy, Vips, Ashr on my list. Still 200% long (194%, had a small margin call).

[antioch6]

I gave it all the chances I could, but I had to sell. Sold Vips at 8.67 and short Pdm at 9.91

[antioch6]

Bought Pdm and sold short Dash.

[antioch6]

If this is the big bear market I've been waiting for the past 4 years, I'll have plenty of opportunities.

Here is the screen for the week:

There were no stocks.

Here is the short screen for the week:

Pton W Snap Roku Shop Dash Coin Mtch Zm Ua Meta Pins Run Baba

Now that the market is falling, I can look for the weakest charts with the greatest market cap, and the most negative income. Pton has a useless product. W is the weakest. Snap is useless. Roku is a bad product. Shop isn't fun anymore. Dash might do good. Coin is making less money. Mtch might do good. I like Zm. Ua is not good. Meta is useless. Pins is a waste of time. Run might get help from the government. Baba is not good.

Without a government program, with negative earnings, and negative momentum, the market looks like it will keep falling. These stocks will fall worse so I will be shorting some in the next few days.

I'm short Dash. Maybe I'll get off margin and spread the risk. Food delivery sounds like a great idea for the future. W has more debt. I've been thinking about shorting it for a few days. Their earnings are more negative. The momentum is more negative. I've hesitated because buyers might send it up on hope. I've also needed to learn more about the company. Buyers could stop me out. It looks like most of them are done, and the market is genuinely weak. Dash is going down too. Maybe I shouldn't do anything.