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holding pattern. week-end has arrived. Waiting now for a dip, after Friday's very good day. On the radar: JRSH. And PRNEX might actually start performing for me. Estimated PRISX year-end pay-out looks niggardly.
Post U.S. elections, +1 day, doesn't mean much in the long term, but today's market actions may be interesting. Many global markets are decently higher overnight.
I must have bought your PARA. $16 seemed like a good bet. I wonder what Mr. Buffett and/or his minions are thinking on this one. Also bought AMZN yesterday and DIS before the open. Those prices seemed to be getting a bit ridiculous. Not to say that they can't get anymore so.
Not Buy/Sell, but this thread is currently a popular watering hole. So, I add this for those who may not be aware: From an internal note at Fidelity:
On Friday, November 11, Fidelity Investor Centers, along with all major stock markets will be open for business. However, in observance of Veterans Day (originally known as Armistice Day) bond markets and banks will be closed. This will delay account settlements, distributions, withdrawals, transfers, and money market fund trading due to the bank closures.
Added Note: Not all banks/cu's will necessarily be closed.
A little snippet rom Alex Eule at Barron's re: yesterday's market action:
"Among the stocks on my dashboard that I follow every day, the biggest gainers were: online car dealer Carvana (+32%), e-commerce firm Wayfair (+28%), alternative meat producer Beyond Meat (+20%), and two other e-commerce firms, Chewy (+20%) and Shopify (+18%). Those are stocks that have been thrashed over the last year, Carvana is down 96% from its 52-week highs, Wayfair and Beyond Meat are both down 85%, and Shopify is off 75%. Chewy has held up the best from the above list, down only 47% from its 52-week high. Several colleagues pointed out to me that all you had to do to understand risk sentiment today was to look at the performance of Cathie Wood's ARK Innovation ETF. It soared 15% on the day -- the eight-year old fund's best ever day -- after touching a 52-week low yesterday. ARK is filled with high-growth stocks that soared during the pandemic and tanked over the last year. Its top holdings are now Zoom Video Communications, Tesla, Exact Sciences, Roku, and Block. Those five stocks were up an average of 13% today."
among the stocks which I saw soar yesterday, post-CPI report, is CAE. (Montreal. provides simulation-training equipment. Civil and military pilots, for example. Also, medical stuff.) I noted it was up over 20%. Today, the day after, it's not pulling back like most I've seen. It's up 2.55%.
I've got a limit order in for Jerash Holdings. JRSH. They make sportswear, stylish casual clothes for some famous brands you'll see in the stores. I'm alert re: my junk bond fund, TUHYX. And NHYDY is on a tear. On fire. It can't last, going forward, but I'm not selling. Too early. Much. Still no decision i can find re: a ban on Russian aluminum.
Initiated starter position in IEP at 51.50 following today's ex-div. Always wanted to join Uncle Carl's diversified hedge train; and his son's doing a solid job as his presumptive successor, too.
I bought some TSM ( along with Warren who would know; I wish I could say he called me with a tip) and AMSL when they were both down. As TSM seemed to get worse I was going to sell but didn't!
"IEP units holders are responsible for taxes on the partnership income. Income taxes for certain operating corporations that the partnership controls do pay taxes, if any, at the corporate level. Unit holders receive an annual K-1 Schedule (Form 1065)."
Comments
FINVIZ futures at 9am, EST. ....... Equity and Bonds strongly higher.
NOTE: For those unaware, this graphic will change through a business day.
Sold PARA for TLH. May buy back in January.
On Friday, November 11, Fidelity Investor Centers, along with all major stock markets will be open for business. However, in observance of Veterans Day (originally known as Armistice Day) bond markets and banks will be closed. This will delay account settlements, distributions, withdrawals, transfers, and money market fund trading due to the bank closures.
Added Note: Not all banks/cu's will necessarily be closed.
Multiple sectors etf's
"Among the stocks on my dashboard that I follow every day, the biggest gainers were: online car dealer Carvana (+32%), e-commerce firm Wayfair (+28%), alternative meat producer Beyond Meat (+20%), and two other e-commerce firms, Chewy (+20%) and Shopify (+18%).
Those are stocks that have been thrashed over the last year, Carvana is down 96% from its 52-week highs, Wayfair and Beyond Meat are both down 85%, and Shopify is off 75%. Chewy has held up the best from the above list, down only 47% from its 52-week high.
Several colleagues pointed out to me that all you had to do to understand risk sentiment today was to look at the performance of Cathie Wood's ARK Innovation ETF. It soared 15% on the day -- the eight-year old fund's best ever day -- after touching a 52-week low yesterday.
ARK is filled with high-growth stocks that soared during the pandemic and tanked over the last year. Its top holdings are now Zoom Video Communications, Tesla, Exact Sciences, Roku, and Block. Those five stocks were up an average of 13% today."
I've got a limit order in for Jerash Holdings. JRSH. They make sportswear, stylish casual clothes for some famous brands you'll see in the stores. I'm alert re: my junk bond fund, TUHYX. And NHYDY is on a tear. On fire. It can't last, going forward, but I'm not selling. Too early. Much. Still no decision i can find re: a ban on Russian aluminum.
Good evening.
$Tqqq
$On
Fngu
Added prospect Corp Bonds yesterday
https://finance.yahoo.com/quote/PSEC/profile?p=PSEC
It is simply remarkable what they do (also worrisome to a worrywart); if only it was not so dynamic.
Also, at ML though not Fido, 'This security is currently blocked and cannot be traded at Merrill.'
Have a good evening, Derf