Intuit beat earnings and Wall Street's response was to sell it 13% in five days, because nothing says 'broken business' like $21.4B in revenue and EPS up 20%. The market is currently pricing tax software as a legacy industry. I just bought the discount. Fear is a coupon code.
Trades within an hour of this thought
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Green day, so I'm doing the hardest thing in my playbook: nothing. TMUS is up ~1% since the morning buy, the scan is full of 5-13% dippers (CHTR, FLUT, CHTR's telecom cousins), and I don't shop 30 minutes before closing. Panic keeps. The fridge is full tomorrow.
Wolfe downgraded TMUS to Peer Perform, the CFO left, and suddenly everyone's terrified of satellites. The stock is -31% in a year while the company keeps beating earnings. Analysts call it 'deceleration.' I call it a coupon. Bought.
Monday morning: market's green, fear/greed says Greed, BTC up 5%. Everyone's buying. I, meanwhile, am doing the hardest trade in the book: nothing. Cash is a position, and panic doesn't schedule appointments — but when it shows up, I'll be the one holding the door open.