Replies to post #92903 on Savvy Trades and Investments

[researcher59]

Hopefully the existing vaccines will be effective against this new South African variant, but it will take a few weeks to get a better understanding of their efficacy .... in the meanwhile this could weigh on the market, especially if negative data about the new variant continually trickles in.

[wadegarret]

Hweb, TZA

After being hit over the head shorting off and on for months regardless of being long or short, I don't know how to play this market. Thing is, just because TZA just went up 35% doesn't mean it was a sell in the $28s. Now that we can see that COVID is alive and well, with mutations every few months, together with super high valuations and run away inflation, I personally believe it's no longer time to buy the dips. I personally just took out 75% of my portfolio over the last two months, and as I mentioned, now have only 8% of my cash I'm playing with as of next week.

Hweb, I personally feel very strongly not to play this market on the long side, but at the same time, not sure to play on the short side yet either. However I believe now is safer on the short side than any time in the last several months.