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bluejays · 02-23-2022, 08:58 PM

I have no idea where things are going short term, but I suspect some higher volatility in the next few weeks as rates rise.

I used to think FB was a major win in the metaverse, but after seeing some videos on it, I'm convinced the time for that is too early. The interface seems boring, and not like being immersed in the PS5 world. More like the PS3 world. So I can see 3 years minimum before it takes off, unless Apple does what it does and markets something over the top.

Anyway, back to markets, a lot of "experts" seem to think the fundamentals are here for another good year if invested in companies with a lot of cash and good basics. Many are advocating for buying on the dip and holding long term, and they're likely right. I think it's human nature to want to buy at a low, and that kills most of us (myself included). I'm still holding banks and CBDT, but I'm waiting for that unnecessary pullback on Apple to get in again (they have a ton of money). I'm skeptical on Amazon as I think with the economy opening their cloud has to pull the weight of the potential losses on their retail business, so I'm unlikely to invest there. The hard pullback on shopify is intriguing, for trading moreso than long term holding. If it gets to $700 on the tsx I may bite, but last year I got taken for a ride on speculative stocks (score, cbdt, uipath, lightspeed) losing some good money on the speculation where it seemed you couldn't lose. If the experts are correct, and logically they make sense, I'm taking a more cautious approach and going with the blue chippers. Not going to complain as the logic is there.

02-23-2022, 08:58 PM	#3451
bluejays Franchise Player Join Date: Sep 2005 Location: Toronto, Ontario Exp:	I have no idea where things are going short term, but I suspect some higher volatility in the next few weeks as rates rise. I used to think FB was a major win in the metaverse, but after seeing some videos on it, I'm convinced the time for that is too early. The interface seems boring, and not like being immersed in the PS5 world. More like the PS3 world. So I can see 3 years minimum before it takes off, unless Apple does what it does and markets something over the top. Anyway, back to markets, a lot of "experts" seem to think the fundamentals are here for another good year if invested in companies with a lot of cash and good basics. Many are advocating for buying on the dip and holding long term, and they're likely right. I think it's human nature to want to buy at a low, and that kills most of us (myself included). I'm still holding banks and CBDT, but I'm waiting for that unnecessary pullback on Apple to get in again (they have a ton of money). I'm skeptical on Amazon as I think with the economy opening their cloud has to pull the weight of the potential losses on their retail business, so I'm unlikely to invest there. The hard pullback on shopify is intriguing, for trading moreso than long term holding. If it gets to $700 on the tsx I may bite, but last year I got taken for a ride on speculative stocks (score, cbdt, uipath, lightspeed) losing some good money on the speculation where it seemed you couldn't lose. If the experts are correct, and logically they make sense, I'm taking a more cautious approach and going with the blue chippers. Not going to complain as the logic is there.