Next support level, in my opinion, is the previous low and the weekly chart 200 period simple moving average, 358 (the gold line on the chart), which is where the covid-19 bottom was, i.e. the weekly chart 200 period simple moving average in 2020 held up because there was no price acceptance below it, ( 2 candles closing below it one closing lower than the low of the other).

See chart in URL above.
Samuel Meciar's avatar
$24m follower assets
Culture matters.
I did a little experiment. I do believe great culture can drive great results. So I made a basket of companies listed in Glassdoor's Best Places to Work 2022 that are publicly traded for at least 5 years and compared the average returns to major indices:

Average return of these companies for the last 5Y was 116,98% vs $QQQ 96,48% and $SPY 51,29%


The difference widens even more if I do the same thing with last 10Y returns:

Basket average: 459,77%
$QQQ: 345,13%
$SPY: 212,15%

No guarantees things will repeat in a linear way; however, I do believe this is a great dataset that confirms this thesis.
From experience, culture means almost everything. Saying the right things is great, but truly living those things (especially in a crisis) is a whole other level.

It's one of the hardest things to change at a company, because it means change has to start at the top, and usually a lot of people have to be replaced. Not because they are necessarily bad people/employee's, but because the existing culture is so deeply engrained.

We tend to hire people similar to ourselves, that's why both good and bad cultures are sticky.

Those that get it right attract and retain the best employee's who all are driven to the best for the organization. It really is a magical experience.
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Has triggered a down trend on the daily chart time frame at the close today

, the way I learned how to determine the trend, which joins the already on going monthly and weekly down trends. I bought some $TZA, -3x inverse leveraged Russell

2000 ETF after the market closed as small stocks do the worst in a rising interest rate environment, $IWM , was already in a down trend on the monthly and weekly and closed below its daily chart up trend support level.
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Market still undecided, but still in a daily chart up trend, waiting for fed tomorrow. I have no open positions.
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So far so good for the daily chart up trend......
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Steve Matt's avatar
$18.7m follower assets
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My $GAN $FUBO $GRWG losses
These were small, very speculative positions I opened in late 2020/early 2021. They bombed and frankly I'm just tired of seeing them in my portfolio. My original theses are certainly busted and I'm not worried about missing out on meme stock pumps for realized value in 3 years. I'm ready to move on.

$GAN total return: (87.4%)
Benchmarks
$SPY total return: (4.5%)
$QQQ total return: (14.8%)

$FUBO total return: (33.3%) - Note this return is better than what Commonstock says because I sold half my shares for a 50% gain in February 2021 before Fubo plummeted.
Benchmarks
$SPY total return: (4.1%)
$QQQ total return: (6.7%)

$GRWG total return: (81.8%)
Benchmarks
$SPY total return: 2.8%
$QQQ total return: (7.7%)

Good riddance from my portfolio.
I'm feeling the same about Soluna $SLNH

There's definitely something psychological about seeing a thesis busted holding every time you open your portfolio.
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When your trade gets supported by news afterwards
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Prediction:
Validated to: Yes
$SPY will be under $395/share on 9/16/2022
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My $PATH trades
I'm going down with this ship.

Just kidding (hopefully).

UiPath is having a rough go of it but this was somewhat expected as transitioning from a licensing model to a subscription model is rarely smooth sailing. The Brian's (@brianferoldi & @brianstoffel) did a great job covering UiPath and their model change in the video linked below from ~5 months ago.

So why did I buy again? I still believe. They're struggling but I think their technology and place as an industry leader in the emerging RPA field will make this a long-term market beating stock. Overall customer count grew 15% while >$100,000 ARR customers grew 33% and >$1M ARR customers grew 61%. Once they get a customer on board, they monetize them incredibly well, as further evidenced by their 132% DBNRR (135% net of Russia) and incredible 98% DBGRR. RPO was up 36% YoY showing their backlog is robust and ARR broke $1 billion for the first time.

I'm still watching margins but not eagle-eyed as they're still in the hypergrowth stage. Regardless, operating and net margins have improved by 1,150and 910bps, respectively, TTM over the previous TTM. I'd love to see FCF start to swing positive.

All in all, I increased my share count by 26% with this buy and I've now purchased shares 6 times over the past 18 months. It's now my 3rd highest position in regards to total $ purchased. I'm trailing my benchmarks ($SPY and $QQQ) pretty badly but I'm not deterred. I haven't yet seen anything that makes me worried.

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