My top 10 buythedip picks:

TSLA - 697
ROKU - 367
SQ - 234
Z - 153
BIDU - 266
PYPL - 249
SNAP - 57
FLGT - 104
REGI - 85
FCEL - 17.3

These are considered based on following criteria:


I have also listed present pre-market price. Will update as and when we go.

Thanks to LonesomeTheBlue for nice scripts on trend lines and support, resistance levels :)
Comment: Let me be honest, this isn’t going well. Index moving up. But, these stocks still trending down. Not a good sign.If you are already in the trade, I suggest tightening stoploss to last low - 1 atr.
Comment: Nice Leg up last two days and Nasdaq is looking stronger. Today is not going to be the day it hits stop but some of these are still not looking that strong.

Prices at this point:

TSLA - 660 (-37)
ROKU - 331 (-36)
SQ - 232 ( -1)
Z - 133 (-20)
BIDU - 220 (-46)
PYPL - 248 (-1)
SNAP - 55 ( -2)
FLGT - 100 ( -4)
REGI - 68 (-17)
FCEL - 14.3 (-3)

So, these stocks have underperformed compared to index - yet have not hit the stop. So, it is just the waiting game.
Comment: Update time:

Prices at this point:

TSLA - 736 ( +39)
ROKU - 357 ( -10)
SQ - 249 (+16)
Z - 137 (-16)
BIDU - 219 (-47)
PYPL - 266 (+17)
SNAP - 62 (+5)
FLGT - 85 (-19)
REGI - 59 ( -26)
FCEL - 10.5 (-7)

Ok, many of them are underperforming. Overall price unchanged. Hence, yet to hit stop. Will keep it alive to see how many days it will take to recover to ATH.
Please PM me if you need access to any invite only scripts.

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Comments

"would consider clean energy if the future looked more promising" isn't it something? if it's not profitable it's not "promising" but the fact that we all have to breath clean air to survive on earth is not an incentive enough. Human beings are seriously something else. If it wasn't for the laws we all hate so much, greed, anger and hate would ensure our complete demise. We are still so faulty as species, wonder how many revisions of humans mother nature needs to go through to stop this quest to extinction. Money won't matter when we're dead.
+4 Reply
stockology2 cyberluck
@cyberluck, agree strongly!!!!
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what if this correction is deeper on super cycle level and we are just doing wave B to then drop for C?
+2 Reply
@cyberluck, My knowledge on waves is limited.

These are derived from my buy the dip strategy based on multi Bollinger band/keltener channels.



Also, another indicator derived from multiple bands to identify oversold/overbought levels.



As any trading strategies, mine too are based on probability and it may fail. That’s where risk management comes into picture :)
+1 Reply
This is my first time commenting. First, I really like your list of stocks, but it's a list of stocks that is representative of the basket that has been fading since February-disruptor stocks. Some of these companies will rebound and make their owners rich and some of them have already seen their highest valuations IMHO. How to filter and decide which ones to focus on or buy if you don't yet have any?
Take your basket: look at Revenue growth, profit margin, and P:E (for the ones actually making money). Look at trends and which ones are big enough to withstand any disruption themselves. With those filters on I get Bidu (but I think short term the Chinese Gov't will keep spooking the market for Chinese Tech- until the political elite have bought large swathes of the companies in question.) Zillow (because of how hot the real estate market is in the US.) Fulgent (look at profit margin and P:E for compelling reasons.) I would add Twilio and TeradataCorp to the list. Some of them have further to fall before they bottom out I think, but I would put in little pots of money on the way down and average down my costs. Some of these companies have volatile prices because of the low number of shares- that can be a good thing. I think it may be years before any of them get back up to those February highs.I hope you got at least some of your money out at the top of the mountain! (I did, but I also left some money up on the mountain.) Lost a bundle on TWLO! Anyways have fun all and prosper and do good things with your money! Peace!
+1 Reply
@csacco6, Well, finding value based bargain vs trend based bargain does not go hand in hand. This leads to lots of conflicts and make decision difficult. For me, most of these have broken trend and about to hit stop. Some might have hit the stop already. I would not enter any of these positions at this point. Existing positions, will just wait for it to hit stop.
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what are your thoughts on $BIDU overall?
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@alxiv, In overslold territory from March and at present it looks like broken trend since it is making lower lows. If you are looking for long term trends, may be it is better to wait till it crosses 230-240 mark.
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alxiv HeWhoMustNotBeNamed
@HeWhoMustNotBeNamed, Interesting. I was thinking it will bounce back to 260 at least after the Bill Hwang stuff, but I guess I was wrong.
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Fuel cell stock prices in the past year have been based on the technology’s potential, not on current sales.

Goehring & Rozencwajg cautioned that the industry could be in for the same fate two decades after its first boom and bust. The firm is invested primarily in traditional energy and uranium, and said it would consider clean energy if the future looked more promising.

There have been recent signs of trouble in the industry, with Plug Power slumping last week after it revealed accounting errors and FuelCell falling on revenue that missed estimates
Reply
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