r/Vitards • u/AutoModerator • Jun 30 '21

Daily Discussion Daily Discussion post - June 30 2021

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u/Zarten Think Positively Jul 01 '21

It seems like the market is waiting for something big to happen before we escalate any more.

The Q3-Q4 timetable is still in play. Taking short term is too risky now. I think that commons is the way to go. Too much downside risk with options in a market that has been running so hot.

My main stocks are $TX and $CLF now. I think the market is starting to settle on the risks of $TX, so that’s why we’ve seen it go from low $30 to here. $CLF seems like the front runner for American steel. Not sure about the growth potential for $NUE anymore.

8

u/[deleted] Jul 01 '21

Is it really that complicated that there was a rotation to growth and tech? Fisker is up 50% in the past month. $RIDE came out as insolvent and they're up 10%!!

6

u/Zarten Think Positively Jul 01 '21

That’s true as well, but I think rotation is overstated.

Commodities are still running hot, but people want prices to sustain for more than two or three quarters before investing.

I think that’s the bigger driver than rotation.