The Investing Club released another Homestretch update. That's the afternoon thing where they tell you what to do with your money during the last hour of trading. Like you were going to do anything else with that hour besides watch numbers change color.
Today's topic: what it will take for them to buy DuPont. Not whether they'll buy it. What it will take. The prerequisites. The conditions precedent. They've got standards.
DuPont makes chemicals. The stock went down. Now the Club needs to establish a framework for determining if the down is enough down. They're workshopping it. Taking meetings. Running scenarios. Meanwhile the stock is doing whatever stocks do, completely unaware that the Investing Club has not yet finalized its criteria.
The update also mentioned profit-taking in cyber stocks. Profit-taking. That's when you sell something for more than you paid. Apparently this happened to cyber stocks and it hit them. The stocks got hit by people making profits. Devastating.
Cyber stocks went up, then people sold them, then they went down. This required an actionable afternoon update. The action being: know that this happened. You're very welcome for the actionability.
Retail traders read this update and nodded solemnly. Finally, someone willing to tell them that DuPont requires a specific entry point and that cyber stocks can be sold for gains. Groundbreaking analysis delivered just in time for the close.
The best part is the word actionable. Every weekday they promise it's actionable. The action is reading 300 words about why they haven't acted yet. Then you get to decide if you want to also not act, but with more information about their hesitation.
Somewhere a DuPont shareholder is still holding, still waiting for the Investing Club to finish deliberating on what constitutes a buyable dip, totally unaware that the answer is always the same: lower than where you're sitting now.
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