Okay, I completely punked out and sold a lot of stock for tax loss harvesting purposes. My stocks were down so much from my 2021 cost average that it was stomach churning. Now I know the true meaning of pain. It was the only way to capitalize in the short term.
Now that my 30 day wash sale period is over, I have the option to buy back into the stocks I sold, or admit defeat and accept the loss.
I’m curious if the bull thesis for some of these stocks are still intact and if it’s wise to buy at these prices?:
SOFI (seems like a genius move after the bank charter)
Proterra (PTRA) (the tesla of electric buses and commercial vehicles?)
Palantir (PTRA)( Peter Theil founded it)
UiPath (PATH)( if my job gets automated, might as well profit from it)
Sea Limited (SE) (Amazon of Southeast Asia? )
Intellia Therapeutics (NTLA) (Genomics seems like a asymmetric risk)
Match Group (MTCH) (Single people always want to hook up)
Digital Ocean (DOCN) (Competition for AWS)
Draftkings (DKNG) ( The NFL literally owns a day of the week)
Ark Innovation ETF (ARKK) (The sentiment against Cathy Wood is so bad right now I can’t even believe it. Nice contrarian play)
Unity Software (U) (Metaverse? Gaming?)
Redfin (RDFN) ( if this survives the recession it will probably be a multibagger from today’s prices)
Docusign (DOCU) (Motley fool recommendation. Seems like it can be replicated by any large tech company though)
Thanks for the opinions. I know that if I were smart that I would just throw my money in VOO and dividend stocks, but I’m a fan of tech stocks. Getting ready for the Fed pivot
Leave a Reply