I figure if it even hits a dollar much less the 2.91 52 weeek high. I’ll double my money
Been building up that position as well. Added another 200 shares this morning for an even 1k. Might have to double up if it dips to the low 3’s. Easy 100% gainer with some time imo.LOTZ Been watching, pretty close to picking up a full position in my small cap bucket. Always tough to get the timing exactly right.
Been building up that position as well. Added another 200 shares this morning for an even 1k. Might have to double up if it dips to the low 3’s. Easy 100% gainer with some time imo.
Agreed. It won’t be a short hold that’s for sure. I am fine letting it sit on my long account and adding more if needed.It is hard to see them bounce until this chip shortage eases up. That will hopefully be next year.
DCT
just DROPPPPPPED
don't try to catch a falling knife. if a car company can't make money in these crazy car times ....that isn't a good sign. JMO =) . On the flip side ....buy low and sell high. I'd be pumping extra gamble money into crypto right now, versus small cap stock. Better return, same amount of gamble.Been building up that position as well. Added another 200 shares this morning for an even 1k. Might have to double up if it dips to the low 3’s. Easy 100% gainer with some time imo.
that is nonsense. in times of inflation....ALWAYS invest and have little COH.I never know quite what to think when I read something like this. These are supposedly smart guys, yet they are almost completely back to cash??????
Stocks could suffer 'brutal decline' as inflation threat looms - Palm Valley Capital
- Palm Valley Capital Management argued in a letter to investors that the stock market could suffer a "brutal decline" as a result of high valuations and "shaky fundamental underpinnings."
- Fund co-founders and portfolio managers Jayme Wiggins and Eric Cinnamond identified inflation as a primary risk to the stock market, as accelerating price increases could force the Federal Reserve to become more hawkish.
- "We believe higher inflation is one of the primary threats to the carefree stock market, since low inflation provides the cover the Fed needs to continue suppressing interest rates," they said in a fund letter released this month.
- The Palm Valley portfolio managers contended that inflation rates are actually higher than the rates included in official government data, largely because of the way rent costs are computed.
- Calling the CPI rent statistics "a fantasy," Wiggins and Cinnamond pointed to stats showing a nearly 19% increase in rent costs over the past year.
- "Eventually, the truth will be obvious, when the delta between the government’s inflation measurements and U.S. citizens’ real-world experience becomes too large to ignore," they predicted.
- To counteract the threat of a sharp equity decline, Palm Valley has moved much of its portfolio into cash, which represented nearly 80% of the fund's assets by the end of the third quarter.
- Otherwise, Palm Valley has looked to resource stocks, particularly targeting silver and gold. The fund views these as a vital hedge against inflation.
- "We view gold and silver as votes against the longevity of the bubble. The free ride will eventually end, and the shock to financial assets could be severe," Wiggins and Cinnamond said.
- "With this Fed at the helm, if we took a five-year nap and could only own precious metals or the U.S. stock market at current prices, the choice would be easy," they added.
- For another bearish look at the stock market, see why Crescat Capital believes that investors have not properly priced stagflation risks.
And another huge chunk today. Amazing.DWAC up almost 400% today…