Great Stocks

[gfp927z]

Derf, >> CCOI <<

Yes, it fell through the 200 MA. The RSI is all the way down to 27, so near term oversold. It has a pretty nice 10-15 year chart, which has flattened somewhat over the last 4 years, but looks like it could be resuming the upward trajectory. It spiked way up in late Feb, then had the sharp drop, coinciding with the release of their Q4 and full 2023 earnings. Also it looks like the CEO had been selling shares last year and sold more on March 12. I only have 5 shares (bought at 67), so no biggie either way, but I figure the long term chart looks good enough to justify a small position

>> bull market reaching a peak <<

Looks like the market likely got ahead of itself over the last 6 months, lots of money on the sidelines needing to go somewhere. But now the Fed's % pivot may be delayed (to late summer?), so the market likely consolidates until there's more clarity.

The geopolitical factors remain a big wildcard (M. East), plus the election uncertainty, so plenty of unknowns. The Houthis claim they have hypersonic missiles, so plenty of landmines for the financial markets..

But longer term, lower % rates should provide a tailwind for the next several years. I figure a 25% stock allocation makes sense -- enough to participate, but below the ulcer / Tagamet threshold. If things really start to fall apart, the S+P 500 portion could be sold off to reduce the allocation.



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