Stock Talk
Sometimes penny spec stocks that have a good growth story suddenly take off and fly. We have recently seen that with a few stock picks here. Quantum Computing, Inc (QUBT) saw over a 2000 % rise in a short run. After such a phenomenal run, it's natural to see profit taking - and then there's the short hedge funds that put out bash views along with heavy shorting and the run higher can be killed. That seems to be happening this morning. Sometimes, it doesn't seem smart to stand in the way of a market selloff causing a deep fade in share price. sometimes its better to take a gain (or even cut a loss) in some or all and step aside for another day. One tenet of stock investing here is to preserve capital as in "dry powder". Some may work while the story plays out but if "too much" it can be painful waiting.
We will be watching the quantum computing stocks mentioned in previous posts .. QUBT, RGTI, and QBTS. But this morning's sell off was in a sense natural profit taking we probably could "feel" coming. So what's next? Only time, performance, and the market response will tell. In meantime, follow your own inclinations with the caveat of stay circumspect. If you read the Jones report here and enjoyed a sweet gain on the Quantum sector - congratulations.
In meantime, some stocks that seem like mainstay "some" basis...
MO , Steady earnings and high dividend
KGC , Gold mining with steady earnings and a divy too
PR, Oil and Natural gas co in the Permian basin of America
KTOS - starting to accumulate 5 or 10 shares in a dollar cost average basis here and there may pay off as a growing defense contractor in military drone systems and satellite communications. It seems an important mission to produce drones that can accompany fighter jets in mission critical tasks. Elon Musk on the doge team seems to think so. One thing on KTOS - suggest not to go "all in " when a key insider sold his half on some news.. But maybe accumulating 5 or ten shares, on dips here and there while it floats in the 20's could be a good move in the long of it. KTOS seems to be a potential growth stock in the area of well-needed American defense to keep up.
If you dare ... Stay tuned and aware ....
For now, we close by noting that any view on the market and stocks on any particular day may change in the future days to come. That is why we watch and see how our views match up with the reality of the time. But trying to look ahead a few months into the future may be a way to do things. If you think too deep about world events and the recent alliances forming, projecting ahead can be a dicey endeavor. In all - we use the word maybe "some", not "too much" and play it accordingly. Remember, never get arrogant in our various notions because things do change in the market and individual stocks are subject to many factors outside of our control.. So we try to -stay aware.
With all the above caveats and attempted prognostications, I will close this post. Stay tuned for more opining on the market and stocks to watch.
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