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Non-Tech : Kirk's Market Thoughts
COHR 192.88+4.2%1:16 PM EST

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To: rdkflorida2 who wrote (6934)4/1/2019 10:45:33 AM
From: Kirk ©2 Recommendations

Recommended By
berniel
Winfastorlose

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Bitcoin was the canary and a year after I told my cousin's son and his girlfriend that works for a crypto company on Christmas 2017 that I thought SPY was a far better investment.... Bitcoin cratered while SPY is now higher... after SPY had a short bear market.
LYFT, canary in the IPO coal mine?

LYFT might be the Sockpuppet, Webvan and other 1990s IPOs that didn't make money and smart insiders dumped on the clueless.

I have some "bearish leaning friends" who kept telling me Yahoo! was a great short... as they got crushed in the 1990s... It doesn't matter if you are right if a stock goes up 10x before dropping 30% below where you went short.

My secret sauce is to ignore those companies that are not making money that IPO.

If they prove themselves after an IPO, I will often buy on the first 50% bear correction, such as buying GOOGL at $155 on 10/16/08... bear markets are wonderful opportunities!

My newsletter buy/sell history.

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