Quote:
Originally Posted by fleury
Hate to get in between the Questrade discussion, but what are people’s thoughts into the new year assuming the vaccines are effective and life resumes around summer? With less savings as a reality for a chunk of the population, or other intangibles, what are peoples strategies looking at the second half of the year? While I haven’t done it as I’m waiting for a pullback I’m looking at Dollarama with people looking to save more, and likely some blue chip tech like IBM and Nvidia with work from home more and more acceptable even with a vaccine coming.
Ideas?
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Market is looking overextended. SPY just hit the 127.2% fib extension, and 161.8% is incoming in the next couple weeks. 161.8% is a magnet for bullish momentum, but will also be resistance. This coincides with the anticipating of a correction, albeit a seasonal small one soon, likely inside the next month. US stimulus though, and market sentiment is still very hot. I think 2021 is very bullish in general still.
I'm sitting on 75% cash, and playing small position short term swings. Long term, sitting on small positions on some blue chips, sold most.
Currently my cores I'm holding at AMC/CGC/SPCE/PLTR/MASS/ESSC. All are pretty much at prices i got them for 2 weeks ago, and will hold through pullback. I have positions in AMCI/GHIV/FUBO/TEDU/DGLY and SNDL that i'll be looking to get out full by end of week.
Once dips come, will be cycling back into weed and EV in about 50% of my portfolio, all pennies and play the spread. They should all consolidate soon, and both are a big push by Biden being in. Popular SPACs the remaining 25%, and leave 25% to day trade and play 24/48 hr swings
Weed - CGC/MJ as Bellweathers and core, IGC/TLRY/SNDL/ACB as cult and will rotate and scale pops into laggards. KERN/CRON/APHA are popular too and I'll spread into there too
EV - TLSA as bellweather and core, AYRO/KNDI/SOLO/NETE/WKHS as cult and will rotate and scale pops into laggards
SPACs - AMCI/HCAC/FIII/ESSC/GHIV all popular as hell and easy to trade. TTCF/CLOV/FSR are post merger, but very culty still.
2021 is going to be a fun year.
