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FANG and other tech favorites are bouncing back. And Monday’s magnificent eclipse.

Today FANG and other favorites like Square, Alibaba, Autodesk, Nvidia and Apple are up.

Yesterday they were down. The trend is up. The ride is scary and hairy.

They’re all overpriced. Which means I read their earnings transcripts and see what insights — good or bad — I can pull that might affect the “momentum” buying.

The world is still loving technology.

I’m reading lots of earnings call transcripts for nuggets.

Walmart (WMT) is doing amazingly well, though I hate shopping there, which has kept me out of their stock.

Then there’s bitcoin (see below) and gold…

I’m not a gambler. Which is why I also have boring stocks in my portfolio like Chubb, The Travelers, Berkshire Hathaway, Honeywell, Avery Dennison, JPMorgan Chase, and oodles of Vanguard index funds.

Some friends are putting in GTC (“good till cancel”) orders on their favorite stocks, at 8% to 10% below where they are now. They hope they’ll snag some bargains. Sometimes they do.

The business of managing an investment portfolio for the long-term does not match with a day to day writing of a blog. Hence some time other things that amuse me.

Monday’s solar eclipse. This is a map of the total eclipse. Click on it to see the full map:

solareclipse

You can find out what it will look like in your state. For example, here’s Oregon.

OregonEclipse

For more states, click this very informative site here. 

Don’t watch the eclipse directly. You’ll wreck your eyes. You can build your own cardboard viewing box. Fun project with the kids this weekend. Google “homemade solar eclipse viewer” or “build your own eclipse viewing box.”

Favorite bathroom door signs:

BathroomSign

bathroomsign2

I thought this was funny. I have no idea where it came from.

publictrust

Gas station sushi? Who thinks of this stuff?

HarryNewton
Harry Newton, who missed Bitcoin when it was much lower. Now Harry should buy some now? He has no clue. Here’s Bitcoin over the last 12 months. If you can’t see the whole chart, click on it. Click on it again to return.

BitcoinOneYear

3 Comments

  1. Pete says:

    Harry you recommended Home Depot stock because you like shopping there. IT was down 6% last week. Do you think there’s more to stock picking than whether you like shopping somewhere?

    • harrynewton says:

      HD is probably the best of the retailers.. But that hasn’t been enough to stop it falling with all the other retailers. Which brings us to the only “free lunch” in this business — diversification. Which is why my portfolio — see right hand column is so diverse.

  2. Lucky says:

    Harry, you have commented in the past about poor customer satisfaction with PayPal…I could not disagree with you more. I have had half dozen or more issues with PayPal transactions and when I contacted them by phone they have always bent over backwards to settle any issues I had. Today, for example, I needed help contacting a seller to send me an invoice for a pair of shoes that I wanted from an eBay auction that had expired. He needed my email address for PayPal and of course eBay will not allow email address or phone numbers to be exchanged. I contacted PayPal and the lady spent over 30 minutes working it out. She even called the seller and added me to the call so I could give him my email address. I had my invoice within a couple of minutes after the call ended. I like PayPal.