I can be Huge too

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

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  • BlueWolf
    replied
    Originally posted by jiesen View Post
    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.

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  • jiesen
    replied
    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?

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  • jiesen
    replied
    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.

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  • antioch6
    replied
    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.

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  • antioch6
    replied
    Sold everything and went to cash. Maybe it's time for a vacation.

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  • antioch6
    replied
    I covered Mtch and bought Teck, Ccs, Sd, and Dq.

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  • antioch6
    replied
    So I sold 30% of Jfin and sold short Mtch. As I sold, the price fell back to my initial purchase, so nothing happened in the past four months.
    Last edited by antioch6; 09-22-2022, 04:35 PM.

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  • antioch6
    replied
    I never bought the bond because my dad's account has a restriction on it, so we have to fill out some paperwork.

    There were no stocks on the screen this week. The market looks like it's in bad shape. I am considering selling my Jfin because it's lost momentum, the market looks weak overall, and there just seems to be no money going into stocks until the Fed lowers rates. I'm waiting a week or two before selling it because I'm up 10%, it's holding price, and because the earnings are still good. Maybe I should look for something to short.

    Roku worked last time. Auy also worked. Hyfm was good.

    Here is the short screen for the week:

    MTCH

    Match.com has a high p/e, negative earnings, and weak price.

    So I wrote that like yesterday or the day before. My content got deleted and I didn't see the restore option until now.

    I thought about selling Jfin and shorting Mtch and Hyfm. I think they are going to zero. I thought about it and I'm going to wait a few days because they are already low and Jfin is holding. In the long run I'm hopeful stocks will be high. I'm also considering selling only half of Jfin and going 50% long and 50% short. This should cover me for the end of this Fed rate cycle.

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  • antioch6
    replied
    Here is the screen for the week:

    JFIN

    That's all that came. I'll double my holding in Jfin and buy a U.S. 1 year government bond. So I will be 100% in Jfin in my account, and 15% in my dad's. His other 85% will be in the bond.

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  • antioch6
    replied
    I missed my screen for the week. Today I came up with TECK and LEU.

    Jfin is falling off the list as it keeps dropping 20% on low volume. I'm thinking about switching it into Teck and Leu 50%/50%.

    I'm only up ~10% on my shares. I'll decide on the weekend.

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  • antioch6
    replied
    Jfin almost hit 3.00 again. This is the point where it's failed the past six months. Earnings are accelerating smoothly. By my calculations, the stock should double within the next year. I'm doubling my holding this week. Bought at 2.11, 2.22, 2.66, and 2.83 so far. Will try to keep my buy below 3. I'm thinking China has to find a bottom here soon on the Ashr etf. Why else would Jfin be bottoming out. Is it possible for it to go higher while the market drops. It just feels like this one should go much higher because of its low p/e and high growth.

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  • antioch6
    replied
    Here is the screen for this week:

    JFIN DQ

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  • antioch6
    replied
    Jfin is coming back slowly. I'm up 14.35% in two months. I think the Chinese market is low and Jfin is the best stock in the world. The p/e is 1.78, earnings are growing at 55.20%, and the relative price strength is good.

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  • antioch6
    replied
    So I am down -20% on Jfin in 2 days. The news is good. I think it'll come back to 5 or 6. I've had some regrettable moments the last couple monthz. Maybe in a year from now...

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