Once the bond yields started to rise and the us finalized their 1.3 trillion dollar stimulus the market turned against small call companies that don't have intrinsic value. I was out at 1.40 and bought into Canadian energy, George Weston, manulife, Rogers communications, Shaw, desert mountain energy, bird construction.
im very thankful to Hpq and PYR as they set me up very well, but in the near term the only thing you're going to make money on is value stocks. Growth stocks are really going to suffer in this market. People aren't selling because they don't believe in HPQ and PYR, it's simply because the market has shifted to favour the value investor.
I was also very uncomfortable value of Tesla, as every time it goes down 5-6 percent it's a comparible size to some of the biggest auto manufacturers. When it crashes it will take out all the EV materials companies.
If anyone hasn't heard of the website Simply Wall st I advise you to look into it.. It breaks down the fundamentals of companies..
I anticipate that this will be my last post on this BB for a while, but if HPQ and PYR end up at the .40-.50 cent and 3.00$ range I may jump back in.
There's no need to make any negative comments, I'm simply trying to help.
Thanks for everything