Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mongo2116 who wrote (18992)	2/19/2024 7:54:51 PM
From: Cautious_Optimist	2 Recommendations Recommended By Fast Eddie Scott Mc Read Replies (1) \| Respond to of 18998

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.