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Stock Thread (10 Viewers)
- Thread starter St. Louis Bob
- Start date
Shula-holic
Footballguy
My buddy bought it in the 6's. Wish I knew that feeling!Go MGM!!!!!!!My whole gambling account is in it.
ConstruxBoy
Kate's Daddy
I don't want to get into that conversation in this thread. I'm personally for both private and public health care options. I'm against eliminating any private option. I'd be surprised if that happens so I am more bullish on pharma and healthcare in general. If you feel strongly the opposite way I do, you should probably be bearish on those sectors.
Capella
Footballguy
Yea I’m not seeing that. Those stairs down went really fast.Elaborate?
slow down / fast up?
ConstruxBoy
Kate's Daddy
Todem
Footballguy
This is a nice relief rally.
One more retest and we are all in. And I am very positive we will get another retest. How far down? Who knows. But this is not the end. Too early. Everything is news sensitive.
The bottom was probably hit in cruise lines, hotels and airlines (and Boeing for sure).
Again tons of short covering going on, Endowments and Pensions rebalancing right now. We have another week or two of some very scary violent legs down.
I don’t think it is foolish to wait a week or two more at all.
One more retest and we are all in. And I am very positive we will get another retest. How far down? Who knows. But this is not the end. Too early. Everything is news sensitive.
The bottom was probably hit in cruise lines, hotels and airlines (and Boeing for sure).
Again tons of short covering going on, Endowments and Pensions rebalancing right now. We have another week or two of some very scary violent legs down.
I don’t think it is foolish to wait a week or two more at all.
Yeah let's say for the sake of argument that the House plays games and doesn't pass the bill tomorrow and unemployment numbers are crazy bad. If I were them and I was trying to get more out of the deal, I'd wait... any outstanding demands are likely to be met. They don't gain a super ton by passing this today. Once the deal is passed no one is going to care they waited one or two more days.
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Big League Chew
Footballguy
whats up with this JNUG stock
its sitting around $6 but a year ago was around $90.. isn't this an obvious long term buy or am i totally off?
its sitting around $6 but a year ago was around $90.. isn't this an obvious long term buy or am i totally off?
Mr. Irrelevant
IBL Representative
Had to cash out. Put equal shares of my secondary Roth in two small-caps I've been following (FLXN and INMD) last week and both went parabolic on me. I fully expect to be able to buy the same shares back cheaper at some point in the next month. If I can't, well, +60% in a week is a nice consolation prize.
I'd strongly advise folks who've done this well or better this week to take some chips off the table now as well with the same strategy in mind.
I'd strongly advise folks who've done this well or better this week to take some chips off the table now as well with the same strategy in mind.
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siffoin
Footballguy
I think my answer would depend on what your time frame is. On an hourly chart - yep - confirmed bullish trend from yesterday morning. Daily chart is bearish - so in this case I'd be looking at what happens to the 60min chart as it nears $SPY $270ish...then $280. There is resistance up to $300- you'd sell into that. On the LT monthly chart. Not sure. The bar for March has yet to fully print. In the best case scenario there is massive damage to the LT Trend. In a worser case the LT Bull Trend is broken...being honest I don't actually know and may not fully know for a couple more months. If we are in the beginning stages of a Bear Market understand that it is common to have massive bounces within that bear trend. And I'm shocked the market fell this far for this long before we've has any kind of bounce like we're seeing the past couple of days. My recommendation remains the same. Find the companies you would like to own and buy them off support levels within the LT Trend.
Sand
Footballguy
ghostguy123
Footballguy
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
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Insoxicated
ghostguy123
Footballguy
JerseyToughGuys
Tough Guy
"rebalancing" implies selling too, at least to me. So I wonder if "$210 billion" is the net amount that has to be bought?
Seems kinda pumper-ish to me tbh
Not in times like these I'd guess... the stock part took a hit and is now too low of a percentage, so they gotta dump some bonds in there.
ghostguy123
Footballguy
EVerything going on right now is artificial. Nothing is open, nobody is going anywhere or doing anything or spending anything.
Weekly jobless forecast is 2.5 MILLION, up from 281,000 last week.
https://www.marketwatch.com/tools/calendars/economic
Heading to the door of the Wall Street casino. 1 foot out at end of day just in case something about the upcoming number somehow sends us higher.
https://www.marketwatch.com/tools/calendars/economic
Heading to the door of the Wall Street casino. 1 foot out at end of day just in case something about the upcoming number somehow sends us higher.
Shula-holic
Footballguy
I thought that. I went to get pickup today and to break a $100 at the bank drive thru to have the right change to pay my dad's live in caretakers. The place I picked up from, no cars in lot, they put food in the back seat, paid over phone, no real interaction. I had to go through the Home Depot parking lot to get to a light to get back on the highway, could hardly get through it. Lot at least 3/4 full and big groups of people walking in and out. Some people treating it like it's summer.
TripItUp
Footballguy
A) It's important to understand that the stock market is often forward thinking/speculative and is often times not based on what is going on now.
B) Plenty of businesses and corporations are open, some are doing even better. The stock market isn't just restaurants and retail stores.
Big League Chew
Footballguy
is there a specific gain% you guys would typically sell at? i have one sitting at 24%
ghostguy123
Footballguy
My brother owns the subway here, and they had to close yesterday. Not enough business plus the parents of all the youngsters working there dont want them at work. This is in northeast Ohio. Not even sure there are confirmed cases in my county.
Shula-holic
Footballguy
I don't think you can say in a general sense when it's time to sell at any certain percentage. I'd say it depends on what bucket of money it is in, to me retirement money is way different than money I saved on the side to take a few shots, etc. For me, the lesson I took from 2008 was never to think it's always going to retest or go back lower. I sold off a lot on one of the rallies back then with the plan to just rebuy when we retested. It never did and my wealth is way worse off today because of that error in my decision making. I bought some VFIAX around SP 2398 I think it was. That was long term money for me and I'm in for the duration on that purchase regardless of what happens short term. I may take more if we go back lower.
Big League Chew
Footballguy
i was talking to someone about subway the other day. they should just sell loafs of bread - people would flock there
fantasycurse42
Footballguy Jr.
We're right in the sell zone, imo. I'd be careful here, just my .02.
Way too many variables. Like did it go up 24% today and was a pump and dump? Was it up 24% over the past 2 weeks, etc.
fantasycurse42
Footballguy Jr.
And it sounds like the House isn't voting until tomorrow and Pelosi is being pretty non commital. My guess for tomorrow, really bad jobs report, House remains optimistic that a deal can happen but there's still language that needs to be worked out and we don't get a bill passed. Fear rises.
BassNBrew
Footballguy
fantasycurse42
Footballguy Jr.
The General
Footballguy
The General
Footballguy
GoBirds
Footballguy
We get it, you remind us how smart you are daily.
Crack a beer, chill out for a bit.
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The Ref
Footballguy
Most airlines and hotels are 50% of the 52 week high.
criuselines are 70% off the 52 week high.
any other stocks out there 50% or more off the high?
GoBirds
Footballguy
I was tempted on BA but I’ll probably just hold long term and add more if it dips back near $100 again.
The Ref
Footballguy
I keep telling friends the next 2-7 days are arguably the most important of our lifetimes in many ways. We may start to get some really alarming numbers...... or maybe not.
going to be interesting.
Saw a screener the other day for companies valued at over $10B, no debt and down over 40% - was going to start buying these but tbh, I got tied up with a few other things and really don't feel like buying anything I don't love until there is some good real good news.
SHOP, LULU & CMG
looked like a pretty good list of candidates to be able to weather the storm
SHOP, LULU & CMG
looked like a pretty good list of candidates to be able to weather the storm
fantasycurse42
Footballguy Jr.
I made massive bank in the last 3 weeks and didn't say a word throughout. Usually when someone is making good call after call, people pay attention, not be condescending jerks. I'd speak my real opinion, but you PSF members are usually a sensitive bunch that hit report on anything, I've never used it once, fyi.We get it, you remind us how smart you are daily.
Crack a beer, chill out for a bit.
Today, I basically said this is about to sell, literally right before it happened. And hey, there goes 800 points in 30 minutes
Carry on.
Man In The Box
Footballguy
I appreciate all the info shared here, good or bad. Keep it coming please 
fantasycurse42
Footballguy Jr.
For safety right now, I like pairing this long CMG short SHAK. Cover Shak when the storm appears to be weathered. Think this will give you early exposure to something that hasn't bottomed, while protecting your overall number.
