It’s been the worst start to the year for the S&P500 since 1939 so let’s hear it for another reason we’re living through historic times. In an attempt to find comfort by having company in misery let’s hear everyone’s worst picks and performers. I’ll share mine and realize some of these losses are enhanced by me stubbornly buying more:
NFLX
In: The “leader” in streaming entertainment with 221 million paying subscribers what could possibly go wrong?
Holding: Their P/E hasn’t been this low since 2011.
LCID
In: The future is electronic and they put out a nice product(2022 car of the year). What do you mean you have to make money in this market? I missed the memo.
Holding: The Saudis are still in, so I guess I’ll ride this down to $5 along with them.
MELI
In: The Amazon of South America.
Holding: Their expansion looks impressive, just an expensive jumping in point.
PLTR
In: Oh boy it’s as cheap now as it was when they did their IPO, what a great jumping in opportunity.
Holding: Growth companies do eventually grow right?
PYPL
In: Much cheaper compared to V and MA.
Holding: At this point just hoping to get back to even.
DIS
In: Love their franchises and parks.
Holding: Not interested in that FL politics hoopla. That subscriber growth announced today is unparalleled.
BA
In: How much lower can it go?
Holding: Duopoly.
DPZ
In: Bill Ackman is holding 2 million shares and he’s never wrong!
Holding: It’s already been beaten up.
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