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Old 04-28-2021, 08:55 PM   #951
Edward64
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And here I was reducing my Apple position. I'm an idiot.
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Old 04-30-2021, 07:07 AM   #952
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And here I was reducing my Apple position. I'm an idiot.

nvm. APPL didn't pop yesterday so I'm still a genius.

I'm very disappointed with how Nasdaq hasn't kept up with S&P 500. I'm guessing inflationary concerns but don't get it, the MAGA companies have plenty of cash and (arguably) upside. In fact, I'm thinking they are too big and should be split up.
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Old 04-30-2021, 07:35 AM   #953
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It's long past time to do some good old-fashioned trust busting.
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Old 04-30-2021, 11:18 AM   #954
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It's long past time to do some good old-fashioned trust busting.

I felt that way in the 90s. But it's gotten so much worse and I don't know where you're going to find lawyers and courts open to letting it happen

SI
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Old 04-30-2021, 11:39 AM   #955
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It's long past time to do some good old-fashioned trust busting.

100%
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Old 04-30-2021, 01:02 PM   #956
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It's long past time to do some good old-fashioned trust busting.

Looks like Europe agrees with you

https://www.nytimes.com/2021/04/30/t...app-store.html
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Old 05-10-2021, 10:44 PM   #957
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Today hurt, especially for big tech.

I'm beginning to understand the contrarians. I would have bet last year sucked and this year would be great.

Inflation worries including the big spending plans has gotten market spooked. Assuming Biden gets all his big spending plans out of the way in his first year, I'm okay with minimal gains/loss this year with the assumption markets will stabilize/accept/process the implications, and then we return to growth next year. Just get all the "spending & tax" news out of the way now, don't let it drip drip drip for the next 3 years.
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Old 05-12-2021, 02:31 PM   #958
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My mutual fund is crying.

Thanks Biden.
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Old 05-12-2021, 03:42 PM   #959
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Old 05-14-2021, 06:54 AM   #960
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Futures looking pretty good this morning. Attributed to the lifting of mask mandate. My speculative plays in BMBL and SPCE is sucking really big time. ARKK and its overweight on TSLA & is still sucking, Cathie has lost her magic.

Dow +.4
S&P +.6
Nasdaq +1
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Old 05-14-2021, 11:51 AM   #961
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My mutual fund is crying.

Thanks Biden.

Now my mutual fund has been smiling the last two days.

Thanks Biden!
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Old 05-14-2021, 11:54 AM   #962
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Futures looking pretty good this morning. Attributed to the lifting of mask mandate. My speculative plays in BMBL and SPCE is sucking really big time. ARKK and its overweight on TSLA & is still sucking, Cathie has lost her magic.

Dow +.4
S&P +.6
Nasdaq +1

As a male consumer, I still don't get the appeal of Bumble. I'm sure it's great for the ladies but I don't know why guys would join.
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Old 05-14-2021, 12:06 PM   #963
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As a male consumer, I still don't get the appeal of Bumble. I'm sure it's great for the ladies but I don't know why guys would join.

You kind of answered your own question.
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Old 05-15-2021, 12:53 AM   #964
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Now my mutual fund has been smiling the last two days.

Thanks Biden!

Yeah baby. Good couple days but still didn't make up for the week.

I wouldn't say Biden gets all the blame or kudos on the economy or markets right now. There are still Trump lingering effects but Biden does get the majority at this stage. The economy and markets are reacting to Biden's proposals, (in)actions etc.
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Old 05-15-2021, 09:50 AM   #965
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You kind of answered your own question.
Exactly. It is like asking "Why do bars have Ladies nights?"
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Old 06-06-2021, 09:42 PM   #966
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Stock market futures are pretty muted. I was expecting the markets to take a hit because of the 15% min corporate tax rate announcement.

Hoping Apple gets a bump with WWDC this week.
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Old 06-06-2021, 10:01 PM   #967
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Stock market futures are pretty muted. I was expecting the markets to take a hit because of the 15% min corporate tax rate announcement.

Hoping Apple gets a bump with WWDC this week.

The tax rate has been announced but what are the chances of it getting enacted?
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Old 06-07-2021, 08:54 PM   #968
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Apple's announcements today were ... underwhelming. And the stock market rewarded it appropriately with a .01% gain. Sure hope they have something exciting coming up rest of WWDC.

Don't really know the chances of 15% getting passed. But just by the fact there's some momentum (and cooperation with allies) should put these multi-nationals on notice.
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Old 06-26-2021, 07:10 AM   #969
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Glad to report the stock market has been pretty darn good for me in June. My tech/Nasdaq stuff is still lagging the S&P stuff but I still have high confidence that tech oriented funds & ETFs will come out ahead in next 5 years.

I bought ARKK in several 401k, IRA, HSA accounts (I have like 9 retirement accounts for whatever reason). All but one is back in the black. The other is still like -15% because I bought at the very high. I have a small position in SPCE which jumped 30+% yesterday. I've owned speculative stock that gained +10% in a day but this one is a personal best.
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Old 06-30-2021, 12:46 PM   #970
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Oh what the heck.

Submitted limit order $20 for DIDI on first day of IPO. The uber of China. Hopefully it does better than my other first day IPO Bumble.
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Old 06-30-2021, 03:31 PM   #971
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Well frack me. Lost 14% on DIDI.

Have to stop buying on first day.
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Old 06-30-2021, 08:40 PM   #972
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Well frack me. Lost 14% on DIDI.

Have to stop buying on first day.

Or, just hear me out now, you need to spend double on the next IPO!
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Old 07-01-2021, 07:27 AM   #973
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Or, just hear me out now, you need to spend double on the next IPO!

:-)
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Old 07-02-2021, 06:58 AM   #974
Edward64
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Or, just hear me out now, you need to spend double on the next IPO!

DIDI +16% so almost back to even!

There were like 4-5 other IPOs same day. I just need to pick better.

I did sell all of my small position in SPCE a couple days ago. Pre-market says its going up today because Branson will go up into space early Jul (e.g. before Bezos). No regrets though, I made enough money.

I want in on SpaceX (if and when it goes public), I think that is the space stock to own. Yeah, Musk is an ass but he is a visionary & makes things happen.

Last edited by Edward64 : 07-02-2021 at 06:59 AM.
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Old 07-05-2021, 06:40 AM   #975
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Well frack me. Lost 14% on DIDI.

Yup, frack me. This comes out a couple days after going IPO.

I'm thinking sell DIDI. My guess is there is another 6+ months of uncertainty while trying to get into compliance (?).

Quote:
Ride-hailing service Didi Global Inc. DIDI, -5.30%, which made its U.S. stock market debut last week, was ordered Sunday by Chinese regulators to remove its app from online stores while the company overhauls its handling of customer data.

Dozens of social media and e-commerce companies have been told to handle customer information more carefully as the Communist Party tightens control over their influential industries. Some have been told to collect less information.
:
Didi shares fell 5.3% on Friday after the Cyberspace Administration of China announced an investigation. The agency said Didi was barred from accepting new customers until the investigation was completed.

Didi raised $4 billion from investors in its New York stock offering.
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Old 07-11-2021, 08:04 PM   #976
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Nice week! Stock market up 15+% or so this year.

And checked zillow. House value is up about 22+% in one year. Biden started off slow but (cautiously optimistic) things seem to be picking up.
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Old 07-17-2021, 03:04 AM   #977
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I have noticed a shift in sentiment in my circle. Talk of an inevitable dip, crash might be too strong a word. I am hearing the phrase unsustainable growth a lot. Who knows, pulled out of my high volatility U.S. investments today to take the profits.

The plan is to move 5-10% of my portfolio in to crypto now that it is struggling. It always seems to move in cycles and it looks like a good time to buy at under 50% of the ATH.
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Old 07-17-2021, 07:00 AM   #978
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Did sell my DIDI and sold about 50% of my ARKK position at -10 to 15% losses.

Not going to touch crypto anytime soon with China cracking down and Powell's unfavorable comments. I would maybe get in if there is an ETF. But good luck to you and let us know when you get a Lambo!
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Old 07-17-2021, 09:17 AM   #979
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Nice week! Stock market up 15+% or so this year.

And checked zillow. House value is up about 22+% in one year. Biden started off slow but (cautiously optimistic) things seem to be picking up.
Mine went up 20% twice in 4 months. Houses here go within 12 hours of being posted, usually above asking. It is still crazy.
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Old 07-17-2021, 09:41 AM   #980
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Mine went up 20% twice in 4 months. Houses here go within 12 hours of being posted, usually above asking. It is still crazy.

In Covington, GA?

Wife and I put a target $ where we would seriously consider selling and moving into a nice 3 bedroom apt. But we figure another 3-4 years before kids' life are "stable" and we can do what we want so still a dream.

We'll stay there for next 3-4-5 years until market settles down. House is paid for so all of that will go into the stock market.

I've also fantasized about buying some land and living in an airstream RV (unlikely but still nice to think I can be the Ben Affleck "The Accountant")
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Old 07-17-2021, 02:07 PM   #981
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Yes. We are in the heart of a hot market. Our neighborhood is nicer than most, but still more "starter homes." We did a refi, and the house jumped from 180,000 to 200,000 in two months. Two months later, a house just like ours (except with no bonus room) sold for 235,000 four doors down.

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Old 07-17-2021, 02:52 PM   #982
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Saw an HGTV remodel show this morning where they listed for 510,000, had 32 offers in a weekend, and sold for 712,000.

Crazy.
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Old 07-17-2021, 05:26 PM   #983
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Zillow shows ours at a ridiculous price, and that doesn't account for the fact that they have it listed as 3 bedrooms when it's 4, the basement is fully finished and another 1500 sq. ft., and we just built a $50K covered deck.
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Old 07-19-2021, 01:01 PM   #984
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Nice week! Stock market up 15+% or so this year.

I blame you for jinxing the stock market today.
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Old 07-19-2021, 04:29 PM   #985
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I blame you for jinxing the stock market today.

Sold some ARKK on Fri. Ironically, it's up today.

But I used those funds to by some APPL which was down like 2.9% today. So hoping it'll work out for the better in the long run (e.g. iPhone 13).

Can't blame me. I got vaccinated. Blame LA for bringing Delta variant to the forefront.
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Old 07-21-2021, 11:05 PM   #986
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I blame you for jinxing the stock market today.

Yeah baby. And just like that we're back.

Futures tonight are showing slight positive. From what I've read, inflation worries are taking a back seat to economic growth worries (which I prefer since I've not experienced significant inflation during my adult life).

Checked BMBL & DIDI today ... yup, glad I sold both. Remember, no first day IPOs for a while.
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Old 07-24-2021, 08:35 AM   #987
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Checked BMBL & DIDI today ... yup, glad I sold both. Remember, no first day IPOs for a while.

DIDI down -21% on Friday.

China continues to crackdown on companies like Tencent and TAL Education group. Government is enforcing what it wants to enforce which (I think) in their opinion is good for the social order and competitiveness.
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Old 07-24-2021, 08:59 AM   #988
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DIDI down -21% on Friday.

China continues to crackdown on companies like Tencent and TAL Education group. Government is enforcing what it wants to enforce which (I think) in their opinion is good for the social order and competitiveness.

I first saw that as DJI, and I thought "Huh, the Dow lost a fifth of its value in one day, and none of the news sites I go to mentioned it?"
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Old 07-27-2021, 10:46 PM   #989
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Welp, today was not fun. Futures is showing only a slight negative so that's a good sign.

Apple did great but warns of slowing growth. Hoping to see a great rebound for Apple tomorrow.

China crackdown, slowing growth, increasing Delta infections, concerns about inflation, nothing yet on the infrastructure bill, housing scarcity (and expiring moratorium on foreclosures & evictions). Interesting times we live in right now with all the FUD.
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Old 07-30-2021, 06:56 AM   #990
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Damn Amazon, falling 7% in after hours. Apple also projecting slower growth in near future. I'm thinking my tech heavy funds are going to suffer 3Q and maybe pick back up in 4Q for the holidays.

Robinhood's IPO failed miserably also, falling -8+% on first day. Good thing I have the new rule of no first day IPO purchases.

Cathy of ARK picked up $45M of Robinhood. She says she looks 5 years forward. I'm beginning to think she just got lucky last year. I've reduced some of my positions in ARK (took my lumps) and bought VUG which, I just looked up, has 6.88% in Amazon ... so that sucks.

Have to remind myself to think long term and continue to dollar cost average via 401k contributions.

Last edited by Edward64 : 07-30-2021 at 06:56 AM.
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Old 07-30-2021, 08:27 AM   #991
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I put some money in my index fund yesterday, so it's all my fault if the market drops today. And all indicators are pointing to a drop.
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Old 08-03-2021, 07:28 AM   #992
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Never really considered Wall St. being a factor (but not the factor) in housing shortage and price run-up.

https://www.cnn.com/2021/08/02/busin...eet/index.html
Quote:
Housing markets are hotter than ever, and big money is getting in on the act.

Pension funds, investment firms and Wall Street banks are snapping up family homes in Europe and the United States at a rapid pace as prices rocket higher, looking for alternatives to lockdown-hit office parks and shopping malls, and betting that a permanent increase in remote working following the coronavirus pandemic will keep demand for suburban houses elevated.
:
:
According to John Burns Real Estate Consulting, in the first three months of this year, nearly a quarter of all homes sold in the United States were going to investors.

That's a broad umbrella that covers everything from mega institutions to individuals buying vacation homes, but BlackRock (BLK), JPMorgan Chase (JPM) and Goldman Sachs (GS) were among the big-name buyers.
Institutional investors still own only about 2% of all single-family rentals in the United States, or roughly 300,000 homes, according to John Burns research director Rick Palacios.

"The argument that [institutional investors] are buying every single house out there is not accurate," Palacios said. This means that the impact that institutional activity is having on house prices is likely to be limited overall, although it could be more pronounced in certain parts of the country.
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Old 08-04-2021, 02:27 PM   #993
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Robinhood's IPO failed miserably also, falling -8+% on first day. Good thing I have the new rule of no first day IPO purchases.

You should have bought this IPO, Edward!
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Old 08-04-2021, 10:51 PM   #994
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Hah. I was relieved I didn't buy Robinhood on Day 1 but now regret missing out with its "meme-stock" status (why couldn't it have been Bumble!). ARKK owns some so profited that way I guess.

I do a monthly tracker on +net wealth (unless the market is down, then I don't bother). Overall, the year has been good. Not as good as S&P because I was overweight on tech (and that damn ARKK), but still pretty decent.

Checked zillow tonight. House price has increased even more! It's getting close to the target price wife and I discussed considering selling. In reality, will have to wait since kids are still in college but nice to dream!
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Old 08-11-2021, 09:25 AM   #995
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I don't know how these things happen but fat chance getting the money back. That company is toast.

Quote:
Hackers have stolen more than $600 million in cryptocurrency from a protocol known as Poly Network — which pleaded with the culprits to return their haul Tuesday.

“Dear hacker,” an open letter from Poly Network read. “The amount of money you have hacked is one of the biggest in defi history. Law enforcement in any country will regard this as a major economic crime and you will be pursued. … The money you stole are from tens of thousands of crypto community members, hence the people.

“You should talk to us to work out a solution,” it concluded.
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Old 08-11-2021, 01:26 PM   #996
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I don't know how these things happen but fat chance getting the money back. That company is toast.

Apparently the hackers have started returning some of the assets.
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Old 08-11-2021, 03:28 PM   #997
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Apparently the hackers have started returning some of the assets.
Yeah, I don't think it was a bad ploy by the company. They probably have agreed to some kind of ransom to get some money back.
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Old 08-12-2021, 10:04 PM   #998
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Still toast.
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Old 08-12-2021, 10:08 PM   #999
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Apple up 2%+ today. Didn't see any significant news. A $2.45T company now.

Aramco is $7T though.
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Old 08-24-2021, 07:01 AM   #1000
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Nice day yesterday. 401k & IRA look healthy. Today's futures are up above average so hopefully it will continue and end August strong.

Article I read said it the FDA approval helped. Not sure why, you would think it was priced in already somehow.

Apple went up but not as high as other Big Tech but hanging on to it. I reduced my positions some already on it but will stick with what I have now as I'm expecting (okay, hoping for) a bump during holiday season.
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