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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: ggamer who wrote (55258)	10/4/2022 5:18:57 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Hey there Oz, I've thought about you over the months and hope you are hanging in there. I know you are/were heavy into crypto, OLED, TLRY etc so I've often wondered how you were holding up. thanks for checking in. As you are well aware, this has been a horrible time to be invested in spec/growth and the revaluation always happens at some point with many fighting it on the way down. It's hard not to get caught up in it when you believe in the many of the names, growth trajectories, etc. Happens to me as well - sometimes it works out and sometimes there are secular turns which become extended which cause a lot of pain ... as has been the case. To answer your questions from MY point of view: 1) Those are some great names. Good technology, good stocks and many of them with great futures. Valuations could be an issue which could squeeze prices and cause volatility. Arguably, we've already seen the worst of it. I'm not sure if you have other core holdings around these names as I'd suggest but I can't fault many/any of these names. 2) VIIIX is fine as any, I don't have any of it but if you're looking for market tracking performance and believe in the long term narrative, it's a good fund. I much prefer ETFs as I find them more tax efficient. 3) Bitcoin seems to be finding support between the 18,500-19,000 range. I watch it but won't own it again unless it's a derivative product such as MSTR, GBTC, etc. 4) Nothing wrong with holding cash. I still have a bit myself but keep cherry picking issues as I find them. My favorite sectors right now are Financials and Chips and I'm waiting for things to bounce along the bottom but I've been slowly adding from any of my current positions: AVGO, NVDA, QCOM, AMD, C, BAC, JPM, GS, etc. I'm primarily focusing on dividend income 5) To answer your question: Alphabet (GOOGL). I also like MSFT and DE. Both are well priced. DE looks spectacular to me but if I only was going to pick one, it's GOOGL and I'm willing to overweight it now. And I will be. Alphabet is so well valued now, have so many irons in the fire and while it could still drop from here, I'd be double fisting it all the way down. I'm so confident about their long term prospects, I'd almost be willing to make it a 100% position in an account where I had 7+ years before I needed the money. TLRY - Believe it or not, as far as TLRY the company goes, I'll continue to add shares. It's got a number of things going for it: price, regulation, market position, WSB involvement, short catalyst, etc. But as we all know, calls surrounding a stock are very dangerous. A company like this isn't going to perform in a market like this without some direct catalyst to make it run. Even while purchasing those calls, while I loved the valuation, it was still going to take some catalyst to make it run. At this point, the ONLY reason I'd sell those horrible calls would be to plow it into more long shares, and to be honest, I'd rather just toss the money goodbye and see if the WSB runs the stock on news, etc. Simply put, you can't buy calls on TLRY unless you're willing to lose all the money and it's best done with a portion of a huge gain as part of another trade. That TLRY trade was still my best trade ever and I always look for those possibilities. I'm looking at another one now too but not like TLRY. I want to add two more positions to my TLRY long position, but not via options. I'll either let these expire, sell them and turn them into long shares or roll them out and forward to 2024. I may just hold them and see if it makes a run, which can happen at any time. This market will just continue to punish stocks like this until it turns around. Hope that answers your questions. j