mrjason2 : Yep... I’ve been invested in AMD and Invidia for a while. Amd average is $16.33 a share and Invidia is $134.44 a share.
Although I took a hard hit since my huge smile on the opening bell Friday. But luckily I stick to the 50% rule on my trading accounts.
When ever a stock doubles in price over a period of ownership... take your base investment out and ride the profit(if you are going to hold a long position)... this way you are playing with house money.

mrjason2 : Although I still think it’s to early to buy the dips on big names. All it takes is one bit of bad news about this virus again... and you’ll be on the high end of the purchase amount.
Although there is a part of me that believes large investors are using this news to push the stock prices down for low cost positions of their own.
It’s a greedy world out there.

mrjason2 : If you look at the large buy orders. Invidia is up in the top 10. So are several expensive stock that have dropped 10% or more.
It’s also funny how the price gets pushed down during normal trading hours.... then it’s back up in after hours trading.
I liquidated a lot of shares on Friday morning... just to lock in profits. I had every intention of re-entry later that day after the chip sector shook off intels awesome earnings report. Now Monday’s over and I’ve yet to take a new position.
I think we will see a full week of lower lows.
I did keep my AMD position though... their earnings will be to good to pass up... also Walmart, McDonald’s, and gold is where I placed a good portion of money until we find the new bottom. Can’t beat those defensive stocks.

mrjason2 : Let’s here it... what’s your secret?