Is it getting better?
On May 5th, after I wrote my morning message, I opened up my portfolio and had to rub my eyes to figure out what was wrong with them. I looked like my stock in Micron had jumped 63 dollars! No amount of rubbing seemed to make it go away. I had already been in heaven having watched my Intel stock rise up to 108 but this was crazy. I had to be seeing things!
Nope. It was real. Yesterday I looked and my AMD stock had gone up 55 dollars! I had been expecting these stocks to go up, but I didn’t expect the leap that I was seeing. I knew that the reports for the quarter were good, but I guess the forward expectations were better that I got out of them. So, investors piled in. Golly.
Now I am afraid that there will be a bunch of people taking profits and running, but I don’t do that. AMD is dancing now coming down about 7 dollars in pre-market but it’s still pretty high up there. I am hoping that Micron and AMD follow suit of Intel and continue to go up but at a slower pace. Intel has been going up a little more each day, slow and steady growth, and that’s what I like to see. If AMD and Micron can do the same, I will be greatly encouraged.
Palantir has been sweeping down even with, what I thought was a good earnings report, but I guess it didn’t satisfy the bulk of investors. But it seems to be rising this morning in the premarket. I kind of worry that people will start to say that AMD and Micron are over valued now like they did to Palantir and NVidia.
I know that I bought into Micron pretty late in the game. I think I paid 380 for my one share (all I could afford) but to see it now at over 660 dollars is quite the thrill! I bought AMD at around 135 and it’s over 400 today. Oh, the sweet smell of success!
It’s not all roses
As I look down the list of stocks that I own, and the G/L column, I sell see a fair amount of RED. But those loss numbers are getting smaller. Some of that is because I am trying to reduce my cost basis (average price per share) by buying small amounts while the prices are down. I had a list prepared and during the “just before 4 o’clock downturn) I started executing. I had been out during the day, and got home late, but that’s what happens sometimes.
I have reviewed the ones I bought and all but one have gone up since I bought them. So that helps to lower those red numbers. I still have some money left from the amount that I put in, so I am reviewing what I should do next. I don’t know where I concentrate just yet. By bringing the average cost per share down, it doesn’t affect the Gain/Loss numbers right away, but it amplifies the changes when they occur, either up or down. So, I’m hoping to find all the ones that will be going up!
Is it the war?
Most analysts that I read seem to be saying that the peace talks and hope to end the blockade at the Strait of Hormuz is the main cause of the rise of the stocks, I’m not so sure. I’m finding it hard to believe anything that comes out of Washington these days. Every day we hear that it’s going well, and then we hear that nothing happened. I think they are lying to us to keep us calm. But all this “yes – no – yes – sorry” stuff is getting old. I think it’s more likely that we are all getting used to 5 dollar a gallon gasoline, higher grocery bills, etc. and just wanting to get on with our lives. I mean, we’ve all forgotten about the Epstein Files, right?
I’m not going to be surprised if the war drags on a good bit longer, and I think everyone else is feeling something similar. Let’s just let them try to figure it out and get on with our lives. This is the whole thing about the separation of the rich and the poor. The rich like playing this war game, but leave us out of it, and I have decided to just leave them to it. I have other things to worry about. Like how I am going to afford to buy my groceries this week! OK, it’s not that bad, because if it was I wouldn’t be investing like I am, but I am just trying to keep up.
