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Re: PickStocks post# 724231

Thursday, 03/07/2024 6:16:12 PM

Thursday, March 07, 2024 6:16:12 PM

Post# of 730642
Pick... there was an article on TDA ameritrade this morning that read "there is no fear in this market".... I gotta take that statement with suspicion, but a couple of positives I have read:..... (1) Michael Burry has been telling the Robinhood, and reddit crowd to "buy the dips" like he did with AMC and Gamestop a few years ago and stomped the hell out of the short positions.... he is doing it again as the short positions on the magnificent 7 stocks are high, and at the same time the big cheeses are selling probably to retail...I would be very careful about buying big positions in call options at this time, because I think the "easy money" has been made already.... but thats just my opinion....take i t slow, and wait for a correction to happen, when they all start running for the exit... Warren Buffet has 190 billion in cash waiting for a selloff...he sold a lot of his stuff... he must know something...I am buying beaten down good stocks like ADM, FCX, TSN and just yesterday bought New York community bank and sell weekly calls for decent premiums....I am playing it safe here at these market highs.... good luck, and watch out... Lodas
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