Bear market + Nancy's bets

Cisco
gazni

Go to company page Cisco

gazni
Jan 23 30 Comments

sp corrected around 10% from all time high
nasdaq around 18% from ath.
some stocks like shopify, roblox, cloudflaire, pltr etc are more than 50% down from ath.
Strange thing is Nancy palousi options https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2021/20020106.pdf are certainly wacked for now. They are deep ITM LEAPS but looking at conditions right now, she is certainly in deep red. But given that they expire second half of 2022 early 2023 and that she has lots of insider info, will market/tech sector recover ?

Considering all this, what do y'all think ?
this brings more questions..
1. Market was overvalued for a long time and people just kept buying as 'stonks go up'. So whatever is happening right now is correct.
2. This is just an overreaction. Fed will end taper in March and thereafter raise interest rates. So right now, things are still going along the same way they were from past 2 years. Today, liquidity is still there but somehow futures are getting priced in with a lot of over reaction.
3. There is another dimension to look at which basically means fed will start cleaning up the balance sheet and that will cause more selloff. But again, that will not be soon as it will be after rates are increased and will take a year at least. It does not make sense to purchase bonds/etc in March(tail end of taper) and start selling in April.
4. If i just check certain similarities in history, this somewhat correlates to December 2018 correction but market had slow but good recovery. Strangely rates were increasing but at the same time market too was booming. Look at roughly 25% rally from 2018end-2019 end.

EDIT: I am buying dip from December and in Jan too. I have got tsla, nvda, apple, msft, fang and other tech stocks (along with few speculative).

153 PARTICIPANTS SELECT ONLY ONE ANSWER
VOTE VIEW RESULT

comments

Want to comment? LOG IN or SIGN UP
TOP 30 Comments