The Market Thread

[cableok]

Interesting article. I am a huge fan of Index Funds and ETFs and I will continue pouring a good portion of my investment dollars into them. But this article makes some fair points about downstream problems created by having so much of US invested capital in those funds.

https://www.theatlantic.com/ideas/archive/2021/04/the-autopilot-economy/618497/

 

[steross]

This was an excellent old school TA book. I still have it in paperback. Joke is funny, kinda true.

 

[oks10]

This was an excellent old school TA book. I still have it in paperback. Joke is funny, kinda true.

I wish I'd freaking sold that PLUG when it was at 60+.... I'm still at a net positive but it's a net positive $100 instead of a net positive $500...

 

[steross]

I wish I'd freaking sold that PLUG when it was at 60+.... I'm still at a net positive but it's a net positive $100 instead of a net positive $500...

Well.
Why did you buy it?
Why did you not sell it?
What would make you sell it?

 

[oks10]

Well.
Why did you buy it?
Why did you not sell it?
What would make you sell it?

On a whim. (Was $7 at the time.)
Caught me off guard and hoped it was just a dip and didn't want to pay the taxes from having some of it less than a year.
$40/share. Lol.

 

[steross]

On a whim. (Was $7 at the time.)
Caught me off guard and hoped it was just a dip and didn't want to pay the taxes from having some of it less than a year.
$40/share. Lol.

It is sitting just above its 200DMA which is also an area of consolidation from nov-dec. A bounce there back to 37-40 would not surprise me at all.
If it slices through that like butter though, then you may reconsider your plan.

 

[steross]

Opposing views, what makes markets:

 

[Im Ur Huckleberry]

Anyone in here in ARRY? I'm not invested but been watching for awhile. Pretty good entry point at the moment.

 

[bleedinorange]

Anyone in here in ARRY? I'm not invested but been watching for awhile. Pretty good entry point at the moment.

With an average price target of $44.25 (high $53 low $30) and an all time high of $51, if I had it I might hold but I personally wouldn't buy it. Biotech's (like Inovio etc) can be high flyers after years of mediocre performance but you have to be ready to sell on short notice. They fall faster than they rise. imo