Share Picks 2022

Amazing how 10% daily drops on the FAANGs and all the other darlings became so run of the mill in such a short space of time, Facebook well on its way to giving up 5 years of gains there today. Its like a traditional crypto "rug-pull" but happening in the real world with peoples pensions and savings, Biden and the Democrats are going to be annihilated over this, Id say Republican leaders are laughing their asses off at getting to blame the last few years of mismanagement and money printing on the left.

I'm gonna go out on a limb and say consumer spending is gonna be down across the board. Everything I'm reading says recessions. House prices about the only thing that haven't taken a massive nosedive so far... I dare say that's next by the end of year (I'm talking very general picture here, not one country or economy specifically.)

I suppose the question now is - is it a good time to buy? Regardless of the price, the intrinsic value is still the same.

I wouldnt be too panicked, 99% of people are probably down over the past 12 months.

Probably a lot of lessons for many on here about having a balanced portfolio, thankfully I've had a few dividend stocks like unum and associated british foods to balance out the significant losses from growth stocks like Gan. (I'm still significantly down over the past ~6 months but no wipe out and still up since covid drop).

I however am not overly worried about the growth stocks like GAN...the long term thesis on these stocks haven't been broken. I have learned a lesson not to put money into businesses that I didn't/couldn't fully understand like Upstart.

Google, Meta etc. Aren't suddenly bad companies because there down 33%+ I'll be adding to positions over the coming weeks, in no mad rush though, markets tend to overshoot to the upside but also the downside. (The irrational nature of the market shown by Snap (a small company) dragging down a behemoth like Meta by 8%). Two quite different companies one trading a 52 p/e the other trading at 13 p/e and buying back a massive amount of stock.

There are better days ahead once you can get into the long term mindset.

Some good people to follow to get a longer term mindset = Sean Peche, Morgan Housel and Josh Brown

Not nearly enough fear out there yet. Too many people are still 'buying the dip' and holding onto stocks that are down 80%+, until all these people admit defeat and throw in the towel there is more pain ahead. The market will turn up when all the news is still terrible, but we usually need to see some capitulation style selling before a real bottom is established.

Thank God for stop losses, is all I can say. Got me out of some stuff that has really imploded.

I know market makers etc. can chase stop losses, but I'm small scale soo would hardly register on their radar, I think.

Usually those big selloffs are as a result of mass liquidations because people are over-leveraged. The slow decline over the past six months, along with all the recession talk, has given people plenty of time to de-risk. We may not see a huge red candle, although I'm keeping cash ready in case we do.

You're right that there's not enough fear yet, but we're getting there. When the fed pivots from their tightening, the market likely will too.

it's not 4 months of savings though, is it? look, i lost 89k out of 93k, 2 years ago, and I was pi**ed, but, I had only invested 32 of that a few years before, so I lost 50+, but, I stayed with my 4 k, and i brought it up to 35, where that has been hovering for 30-35k. But that is the market, at the time, if I hadnt tanked, I was gonna pull 85k a month later to buy an apartment, but sh*t happens.

now is the time for opportunities.

I've been in stocks for 17 years, up lots, down lots, but overall, once I'm not greedy or cocky, I will do well, and I definitely have made good profits.

PSTH has literally done nothing pricewise the last 6 months (despite everything going on). Surely this is a safe bet to have a position in and wait it out for the good news to come in? Might open back up a position.

I wouldnt touch it or any spac in this market with a barge poll.

You'll just get more shares. It's a 20-to-1 split so for example...

Old share price - $2000

New share price - $100

Someone who bought $4k worth of Amazon on 25th May got 2 shares, which became 40 shares.

Someone who bought $4k worth of Amazon today gets 40 shares.

Are people buying Amazon now that its more accessible to retail plebs like us?

Picked up a couple myself yesterday @$121, which was just about the pre split price, my assumption being that it will now become a popular retail/reddit plaything and the SP will become increasingly volatile...soo opportunities for trades may arise.