🧵 The Signs Were There!
"Some things cannot be taught; they must be experienced"
The growth stock over-valuation signs were obvious.
Experience gives one an intangible feel for the market.
It really helped me save money this time.
10 Tweets from September October & November
"Some things cannot be taught; they must be experienced"
The growth stock over-valuation signs were obvious.
Experience gives one an intangible feel for the market.
It really helped me save money this time.
10 Tweets from September October & November
1/ Sept 27
A divergence in market indexes vs underlying breadth (i.e: new highs & new lows) is essentially saying:
"Do what I'm doing, not what the averages say I'm doing"
Individual stocks often give the tip before the indexes follow the move.
A divergence in market indexes vs underlying breadth (i.e: new highs & new lows) is essentially saying:
"Do what I'm doing, not what the averages say I'm doing"
Individual stocks often give the tip before the indexes follow the move.
https://twitter.com/cperruna/status/1442610002758230017?s=20
2/ Sept 30
Nasdaq - 8 Distribution Days in September!
Technically, the market is in a correction!
The market has caught up to the weak breadth that we have been tracking since July.
One always reverts to the other!
200d ma support is a key level.
Nasdaq - 8 Distribution Days in September!
Technically, the market is in a correction!
The market has caught up to the weak breadth that we have been tracking since July.
One always reverts to the other!
200d ma support is a key level.
https://twitter.com/cperruna/status/1443767534348644354?s=20
3/ Oct 4
Breadth doesn't lie because it is what it is - the stocks themselves.
Breadth doesn't lie because it is what it is - the stocks themselves.
https://twitter.com/cperruna/status/1445038877786451976?s=20
4/ Oct 15th
...A number of growth stock valuations remain absurd.
And people all over are dismissing it.
"It's different this time"
My experience tells me that this is when Mr. Market historically starts teaching lessons.
...A number of growth stock valuations remain absurd.
And people all over are dismissing it.
"It's different this time"
My experience tells me that this is when Mr. Market historically starts teaching lessons.
https://twitter.com/cperruna/status/1449128894771171330?s=20
5/ Oct 19th
Valuations don't matter until they do.
The "do" is in market corrections as they usually fall the fastest and hardest.
Valuations don't matter until they do.
The "do" is in market corrections as they usually fall the fastest and hardest.
https://twitter.com/cperruna/status/1450472925488979975?s=20
6/ Nov 2nd
$CHGG brutal, down 45%.
Valuations starting to matter with some growth stocks.
No position.
$CHGG brutal, down 45%.
Valuations starting to matter with some growth stocks.
No position.
https://twitter.com/cperruna/status/1455548481200852992?s=20
7/ Nov 5th
Ugly candle in $NET
I have sold out of the remaining half...
It's extended and the valuation is high.
I'm taking more of a CANSLIM approach lately, my roots.
Huge swings in these growth stocks lately, eating up gains quickly.
Ugly candle in $NET
I have sold out of the remaining half...
It's extended and the valuation is high.
I'm taking more of a CANSLIM approach lately, my roots.
Huge swings in these growth stocks lately, eating up gains quickly.
https://twitter.com/cperruna/status/1456702739463950349?s=20
8/ Nov 9th
Why all the sells in Oct?
Why so much cash in growth acct?
Have you seen this earnings season?
More than a handful of names have been getting smacked down as the market & economy "climate" changes.
...at better valuations...
Why all the sells in Oct?
Why so much cash in growth acct?
Have you seen this earnings season?
More than a handful of names have been getting smacked down as the market & economy "climate" changes.
...at better valuations...
https://twitter.com/cperruna/status/1458207778410012673?s=20
9/ Nov 9th
When valuations start to matter, they matter more than the earnings beats.
Lesson time - Mr. Market.
When valuations start to matter, they matter more than the earnings beats.
Lesson time - Mr. Market.
https://twitter.com/cperruna/status/1458187282599514125?s=20
10/ Nov 22nd
Today and the past few weeks are why!
Valuations now matter.
The (growth) market (below the surface) has been giving plenty of hints.
Breadth has been weak.
Today and the past few weeks are why!
Valuations now matter.
The (growth) market (below the surface) has been giving plenty of hints.
Breadth has been weak.
https://twitter.com/cperruna/status/1462824988696789000?s=20
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