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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Mongo2116 who wrote (18992)2/19/2024 7:54:51 PM
From: Cautious_Optimist2 Recommendations

Recommended By
Fast Eddie
Scott Mc

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We were all wiser then. The shorts of P&D pigs and crim ventures were especially fun.

Solving todays market is a tough SOB. Efficient relationships of prices to value no longer can be modelled consistently, long or short. Computer programs, like price fixers, are waiting to take our money for their stealthy class of investors.

The game is piling on a relatively few chosen oligopolistic stocks into the stratosphere without worry or discounting for corrections or busts. Small players on Reddit even got into the game with chosen small and midcaps, skyrocketing valuations in a coalition of MLM like buyers.

Too risky to short now, valuations too high to go long. Still money being made holding or trading of course. Derivative prices of the big one-way risers are insane.

Looking backwards, shoulda been less analytical and fancy, and just bought-and-held Facebook/Meta and Alphabet and even Microsoft; maybe current plays like Supermicro and of course NVDA. Why didn't I? Because they were overvalued then and now are reinventing the definition of Tulipmania.

Bigger and bigger and bigger until the retail street goes all in and the computers are selling into the frenzy.

I am, perhaps foolishly, holding my fire in this market. Admittedly, I've taken ugly gut punches from companies like Pfizer and Ford. It does hurt to swallow the lost opportunity in my current risk aversion when I look at my shoulda coulda woulda momo list.

Even Mr. P$nks' Dan Loeb (think Spiderman and Peter Parker, or Batman and Bruce Wayne) has lost his magic, I feel a little better that I'm not the only one.
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