[ltsddd]

[quote=henrysd][quote=ltsdd]
That said, I did “short” some chips stocks at the open today by selling July 26 puts.[/quote]

Are you sure you are selling puts not selling calls? Put option selling is basically delayed long position by collecting option premium.[/quote]

I stand corrected. I bought July 26 puts for Q which I don’t own any shares in the company. Also sold some July 12 calls on intc which I own a handful of shares.

[ltsddd]

[quote=gzz]I have less than 0 US equities, my shorts are more than longs.

Between SD properties and B grade muni bonds, I am already plenty exposed to a continued economic expansion.

Trying to time the market has worked out pretty well for me. Only on average is it bad advice.

I have read the full annual reports of Snap and Uber. Those are business models that are not even growing much anymore but still losing giant buckets of money. I wish I had timed my short sales better, but I am patient. I had to wait about 18 months before my subprime lending stock shorts fell.

I lost patience shorting RRC and PLAY about 12-18 months ago, missed out on some nice gains by covering too soon. I also missed a bullet, I was short DATA a few years ago, they just jumped on an acquisition.[/quote]

That’s gutsy. I don’t have the stomach to short stocks. That said, I did “short” some chips stocks at the open today by selling July 26 puts. Our local wireless powerhouse is one of them. I’ll see how it’ll work out in about 4 weeks.

[ltsddd]

For the first time, I moved all my investments in equities that is tax deferred into bonds. About 1/4 of my $$$ are still sitting in various mutual funds. Only b/c I don’t want to get a big tax bill cashing those out.

I’ve been getting a bad feeling about the stock markets.

I could be wrong, but the indices are up about 5-6% for June and don’t see much for it to sustain the upward movement.

[ltsddd]

Cashed out today.

[ltsddd]

OP,
For the younger couple, I recommend they expand their list and look into the new Harmony Grove Village community in South/South-West Escondido.

[ltsddd]

[quote=Astrid Rey]
I am married now and we are considering buying a house in Menifee or Temecula but are not sure it is a good time to buy. I thought I might ask advice here but now I am not so certain about the quality of the information. It seems that many of the smart people have lost their way.[/quote]

I have a simple checklist that I use each time I am in the market for a PRIMARY residence – Do I have a need for it and can I afford it? Price direction after I bought really not matter much because it’s only paper gain/loss. Buy a house only if you intended to live in it long-term (10+ years).

[ltsddd]

It will be time to buy again when interest rates are back to at least 6%. I don’t think there will be a crash anytime soon, though. Not next year, not in 2020.

[ltsddd]

I like AT&T. It’s paying decent dividends and stock is just volatile enough to produce decent call option premiums.

[ltsddd]

Wait, did I read that correctly? HK’s annual hh income is $300K?

[ltsddd]

[quote=The-Shoveler]Cramer summed it up fairly well

“Don’t fight the Fed”

https://www.cnbc.com/2018/10/10/cramers-sell-off-handbook-4-things-must-happen-for-stocks-to-recover.html%5B/quote%5D

I USED to be a fan of his back in the days, but I think he’s got some credibility issues.

I stopped reading after the second point of his “sell-off causes”.

His first “cause”:
“Yep, in many areas of this country, especially areas where prices have run up in the last few years, your house is declining in value.”

Not true here in san diego/socal

His second point:
“Second, PPG Industries and Trinseo — two industrial companies considered to be barometers for the economy — have signaled that auto sales are hitting a wall, causing price declines and major sell-offs in shares of automakers like Ford.”

PPG’s woes most like is due to the trade wars we’re having with China and the rest of the world. According to a PPG executive, demand in China has “soften” – you think(?). As far as Ford is concerned, its totally missing out on the shift of consumers’ taste from sedans to sub-compact suvs. And according to the stats here:

https://www.automobilemag.com/news/first-half-u-s-2018-auto-sales-are-down-slightly-from-last-year/

Ford’s sales is down 1.8%. GM up 4.2% and Chrysler up 5%. This dude is cherry-picking stats to fit his narrative.

Also, I must have been living under a rock because I didn’t realize that PPG & Trinseo are considered to be barmometers for the economy. Trinseo has a market cap of < $3B, btw.

[ltsddd]

[quote=flu]I guess I picked a bad time to decide to sell a rental property lol…[/quote]

My timetable is to add more rentals to my portfolio starting summer 2020….I’ll see how that’s going to pan out.

[ltsddd]

[quote=The-Shoveler]IMO one more FED rate hike and it’s all over.[/quote]

I am not sure if there’s a strong correlation between rate hikes and the drop in the stock markets. I believe this has more to do with (a) the “healthy” correction that we’ve always talked about (b) affects of ill-advised policies are starting to surface.

My “gut feelings” got me going all cash on sep 24…..my greed got me putting 1/2 back into the market last Friday….argh!!!…you can’t win them all.

[ltsddd]

[quote=spdrun]Nah, stocks got screwed hard (down almost 20%) just before the Nov 2016 election.[/quote]

Oct 2016: Dow -0.91%, S&P -1.94%, Russel 2000 -4.81%
Nov 2016: Dow +5.41%, S&P +3.42%, Russel 2000 +10.99%

[ltsddd]

[quote=spdrun]DOW was up. S&P was barely flat, NASDAQ and R2K were down.

Hopefully the peaks in Jan 2018 were the peaks till the next dump.[/quote]

The last “dump” before this recent one was January 2016. I don’t mind another 2-year run-up

[ltsddd]

That MS dude probably missed out on the buying opportunity a couple weeks ago and is now wishing for another dip so he could jump in. I think that little correction was overdue and healthy. Fundamentally, I don’t see how March 18 is any different than March 17. My guess is that the major indices are more likely to go up then down 10% here on out…or at least that’s what I am hoping since I went all in a couple weeks ago.

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