Replies to post #102694 on Savvy Trades and Investments

[wadegarret]

KIK, I have been in a conflict about which way

this market will go in 2023. I mean on one hand, I think PEs are too high, assuming a marked slowdown coming in corporate earnings due to prolonged 5% Fed rate through 2023. However on the other side, the world is very excited about the China reopening, and the fact that inflation overall has come down so fast. Many analysts think the market has already priced in a recession, especially the Nasdaq. I think, basically the recession story has been kicked down the road once again. This is why I've gone back and forth so much this year. Either way, having an overall positive year thus far.

[RNsidersbuying]

...dementia creep, possibly?

[hweb2]

That's surprising. Market feels short-term toppy to me after this big run to start 2023. Anyone doing some hedging?

[wadegarret]

KIK, looks like that post you replied to was right !

Well even though I've been in a conflict lately, I ended up going back to my original thesis, as you can see by my last trade in Wadegarret. Also sold INMD yesterday, GERN supposedly didn't impress in their presentation yesterday, but I still like it, as their drug Imetelstat looks to have monopoly potential for treating the blood cancer MDS. Not only that, but Imetelstat was shown to heal diseased bone marrow, which makes it unique. I may actually add to GERN should it drop below $3 again.