What I'm doing before the Close
“The market can remain irrational longer than you can remain solvent”
- John Maynard Keynes
The Portfolio Performance
The portfolio is UP +7.61%
Our benchmark, the S&P 500 closed UP +4.20%
Doing a Little Nibbling today Advanced Micro Devices continues to trade in a narrow channel. There's an old saying, 'Never Sell a Dull Market'. AMD may be dull right now, but the opportunity is still significant. My thesis remains that AMD will eventually own 20% of the datacenter market. I'm buying 100 shares at $86.07.
Apple is giving us an opportunity. I have to admit, I missed a better buy at $118 recently, but I'm still happy to be buying at these prices ahead of the growth that Apple should have from iPhone 12, 5G demand, services and hopefully new products in the coming 1-3 years.
BUY AMD 100 shares @ $86.07
BUY AAPL 50 shares @ $124.39
"Markets don't go to zero, Portfolio's do.
Buy quality, be patient...and look twice for motorcycles."
- Clay Baker
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Keep Me Honest 2021
The S&P 500 will achieve year-end earnings of $170-$175 (1-1-2021).
We are likely to have a significant pull-back during the 1st quarter, about 5%-10% (1-1-2021).
Stocking picking will outperform algorithmic trading again as it did in 2020 (1-1-2021).
Rule #1: Don't lose money
Rule #2: See Rule #1
Rule #3: Portfolios go to zero, markets don't, Stay Invested
Rule #4: When good stocks you own drop 10% below your cost basis, add shares
Rule #5: Bull markets aren't sustained without the Transports
Rule #6: When Forward P/E is lower than TTM P/E, expect earnings to increase
Rule #7: When an investment bank sells below book value, buy it
Rule #8: Tips are for waiters. Do your own homework.
Rule #9: Don't sell a stock because you're bored with it. Do your own homework.
RULE #10: Being early and being late is the same as being wrong...move on.
Disclosure: I am personally invested long in some or all of these stocks or funds that appear in the Stay Invested portfolio and may purchase or sell shares within the next 72 hours. I am also invested in other stocks and funds that do not appear in the Stay Invested portfolio but may be mentioned or related to this article. It is not my intention to advise or encourage the purchase or sale of any security. I am invested long in these securities mentioned in this post:
AMD, AMRN, AMZN, AAPL, ARKK, ARKG, CNRG, ENPH, FB, GNRC, GBTC, GLD, HRTX, HD, IPOD, MSFT, NVDA, PSTH, TWLO, VBIV
I am invested short in these securities mentioned in this post:
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. This article is not intended to offer investing advice, guarantee 100% accurate predictions, or to be interpreted as providing a personal recommendation.