So what lies ahead? I sure don’t know, but it’s been a wild ride, and there are opportunities here for both short and long term trading. If you’re looking for buy and hold trades, though, it’d be best wait for a confirmed bottom, and I’m not sure we’ve hit it yet. I’m watching closely because a lot of stocks that I have liked for a while and for which I never thought I’d get an entry are starting to look more attractive valuation-wise. Let’s just see where this crazy monkey of a market heads next.
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Talk about whiplash. Ouch. I hope everybody had their seat belt on. Maybe we should start letting people go long on the VIX. In any event the gyrations did have an effect on our picks and the standings changed a bit this week. Unfortunately, our collective circumstances remain dire. Antioch’s BJ is still in 1st and remains our only green pick. Antioch’s Dad’s pick of the SPY has taken over 2nd place with BillyJoe’s BP in 3rd. Looks like Antioch’s family is cleaning up here. Do we need to start antitrust hearings?
So what lies ahead? I sure don’t know, but it’s been a wild ride, and there are opportunities here for both short and long term trading. If you’re looking for buy and hold trades, though, it’d be best wait for a confirmed bottom, and I’m not sure we’ve hit it yet. I’m watching closely because a lot of stocks that I have liked for a while and for which I never thought I’d get an entry are starting to look more attractive valuation-wise. Let’s just see where this crazy monkey of a market heads next.
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I’ll keep this short as I’m still cleaning the blood off my screen. I’ll start with the only piece of good news I think we’ll be able to point for a while. We actually have one pick still in the green and doing fairly well. Congratulations Antioch on your pick BJ, which now firmly and deservedly holds on to 1st place. Our 2nd and 3rd place picks, Minni17’s ATAT and BillyJoe’s BP, are actually not doing too badly all things considered with losses below 10%. Then the picks descend rapidly on a ski slope of despair into the financial abyss. Man, this has been some nasty business. Hang in there, pickers. Hopefully that light at the end of the tunnel is a pinprick of sunshine coming and not another freight train headed our way. We’ll just have to see.
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Oh boy, I walked right into that one, didn’t I. You’ll have to forgive me, I was still a little loopy from surgery last week. Gotta remember to proof read.Leave a comment:
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Ugh. That’s all I have to say: Just one, big, long, messy ugh. The whole market seems to just be dripping, one annoying ploop after another, like a melting candle over the side of a table. If you look at it on a monthly chart, you say, “Oh, that don’t look too bad,” but on a daily chart it looks like Armageddon has started. Need more context, I guess, although it’s been a little rough on our picks as we’re running out of green highway. This week, the standings look like this: Antioch’s BJ is in first, BillyJoe’s BO (I know, I know, it’s supposed to be BP, but I left it in for context) is in 2nd, and Minni17’s ATAT is in third. Good job guys. Keep those green heels dug in.
Last edited by BlueWolf; 03-31-2025, 01:51 PM.Leave a comment:
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Hello Pickers! It was pretty much a meh week for the markets as all three major indices treaded water at their recent lows. Basing at a low is usually an indicator that there will be more downside to come, but the longer the indices base at the low, the better the chance they’ll reverse direction and start moving up;. With all the bad news lately, though, I’m not sure anything is going to follow predictive patterns. All we can do is stay tuned.
There was some movement on the leaderboard as Antioch’s BJ leapfrogged its way back into 1st place. Trailing by the very thinnest of margins in 2nd place is BillyJoe’s BP, which is followed by Minni17’s ATAT in 3rd place. As for the rest of us … ugh. There’s still plenty of time to make a move, though, so let’s kick start the market and make some more green positions.
Last edited by BlueWolf; 03-22-2025, 06:26 PM.Leave a comment:
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OK, here we go with the new format. I hope everyone can read it. That was sure a nice bounce we got on Friday, but only time will tell if the upward recovery can be sustained. All the gyrations affected the standings a little, but not significantly. Basically Antioch’s BJ and Minni17’s ATAT swapped places with ATAT now in first and BJ in second. BillyJoe’s BP remains in third as our only other green pick. It’ll be real interesting to see what happens next week. Will the 2012 Mayan end-of-the-world prediction come true 13 years late? Well, to be honest, it’s a well known fact that the Mayans were lousy timekeepers. I mean, have you ever seen a still working Mayan watch? Or maybe Canada will levy a huge retaliatory tariff on Fentanyl, destroying the drug black market. Anything is possible in today’s bizzaro world. Stay tuned pickers.
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This might work. I uploaded the table as a JPEG image. Is this readable?Leave a comment:
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OK, I’m gonna try one more time to post the standings. Unfortunately, it looks like the formatting info is now getting stripped, so the table will be less readable. I apologize for this, but I haven’t figured out a way to fix this yet.
2025 PotY Contest Standings As of Market Close, Mar 7 # Contestant Stock L or S Start Open Current Penalty Gain/Loss In Loving Memory of Riverbabe And Karel 1 Antioch BJ Long 2/3/2025 $99.05 $ 115.50 16.61% 2 Minni17 ATAT Long 2/3/2025 $27.41 $ 30.11 9.85% 3 BillyJoe BP Long 2/3/2025 $31.06 $ 32.07 3.25% 4 Massimo XBOTF Long 2/3/2025 $0.259 $ 0.26 -1.51% 5 Dow DIA Long 2/3/2025 $445.39 $ 428.26 -3.85% 6 S&P SPY Long 2/3/2025 $601.82 $ 575.92 -4.30% 7 Antioch’s Dad SPY Long 2/3/2025 $601.82 $ 575.92 -4.30% 8 NASDAQ QQQ Long 2/3/2025 $522.29 $ 491.79 -5.84% 9 Louetta ORCL Long 2/3/2025 $170.06 $ 157.47 -7.40% 10 Jimmy W RXRX Long 2/3/2025 $7.24 $ 6.59 -8.98% 11 Jiesen BBAI Long 2/3/2025 $4.24 $ 3.34 -21.23% 12 JohnHenry VNET Long 2/19/2025 $13.04 $ 11.47 20.00% -26.70% 13 Blue Wolf PSTG Long 2/3/2025 $67.79 $ 49.22 -27.39% 14 Molly ANET Long 2/3/2025 $115.23 $ 83.36 -27.66% 15 Mr. Market VST Long 2/3/2025 $168.03 $ 114.32 -31.96% 16 Peanuts RUM Long 2/3/2025 $12.38 $ 8.38 -32.31%
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This is a test post. My posts seem to keep disappearing. Let’s see if this one sticks.Leave a comment:
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