The Get Irked Week in Review
Episode 4 – September 9-14, 2018
In the markets:
- The markets edged higher this week, with all three indexes - the S&P, the Dow and the NASDAQ – all closing out the week at least 0.8% higher.
Getting Started – Tools & Resources:
- We looked at a TED Talk where a scientist experimented with how monkeys think about investments and currency. Turns out humans have a lot (maybe too much) in common with the ways monkeys approach saving, spending, and evaluating risk.
- We learned about “Buying When There’s Blood on the Streets.” Basically, if everyone is selling and you can’t find a good reason why, maybe it’s time to buy. We also used a trade we made in Canopy Growth Corporation (CGC) to illustrate this fact.
Trades in Play:
- We reiterated our long-term investment suggestion of Apple, including the fact that it hasn’t seen levels where we recommended it ever since. We also looked at its historical pullback following the announcement of its new phones – the iPhone Xs, Xs Max and Xr. We also discussed strategies to get in if you missed it back on August 8, 2018 when we first talked about it.
- One of our members suggested several different ideas – Corning (GLW), New Relic (NEWR) and Micron (MU). We investigated each one and which ones we think are buys and which we would take a pass on.
- Another member asked about Tesla (TSLA) and what Get Irked thinks of it. Hint: Elon Musk is craaaaaaaaaaaazzzzy. Probably appropriate he’s selling cars just like definitive used car salesguy “Madman Muntz” from the 1930s…
Future Plans:
- Per usual, we’ll review our different trades from over the course of this week. SPOILER: This week wasn’t as light as last week. Whew.