Stock Thread (40 Viewers)

[jamny]

Largest intra-day point drop in Dow history

 

[St. Louis Bob]

and out at $10.46

 

[cosjobs]

HOly crap. Sold 7% of my equities an hour ago. 

Bought 100 TVIX at 12.3, which immediate ran to $15 then dropped to 7.40, now up to 11.50. - all within 8 minutes

HFS

 

[⚡DEADHEAD⚡]

jfc

 

[St. Louis Bob]

and in at $11.47

 

[culdeus]

and in at $11.47

Are you able to get these filled fast?  I mean seconds count on these right?

 

[shadyridr]

So I literally just put $12k into my son's 529 plan and changed my investment strategy to Aggressive on Wednesday. I gotta see if the money went in yet. Ugh

Its like I took $1000 of my son's college savings and just burnt it

 

[lumpy19]

HOly crap. Sold 7% of my equities an hour ago. 

Bought 100 TVIX at 12.3, which immediate ran to $15 then dropped to 7.40, now up to 11.50. - all within 8 minutes

HFS

TVIX is a crypto currency i haven't heard of, sounds fun.

 

[St. Louis Bob]

and out @ $11.   THIS IS FUN!!

 

[General Malaise]

and in at $11.47

 

[culdeus]

HOW IS CRYPTO PEAT DOING

 

[Bob Sacamano]

TVIX is a crypto currency i haven't heard of, sounds fun.

Drinking Ripple tonight.

 

[EYLive]

c'mon rally!

 

[⚡DEADHEAD⚡]

1500 EMHTF at $5. Let's go.

 

[fantasycurse42]

Let's see if buyers step in to end the day, I'd guess they do.

 

[fantasycurse42]

Amazon bulls refuse to give up 1400, they have never ending pockets, pretty impressive. 

 

[St. Louis Bob]

Anybody know where I can get a deal on about 8 feet of strong, soft, rope?

 

[James Daulton]

What would be  reasonable landing spot that is supportable by fundmentals?  20k?

 

[St. Louis Bob]

What would be  reasonable landing spot that is supportable by fundmentals?  20k?

They're saying 23k or so on the televisions.

 

[General Malaise]

Anybody know where I can get a deal on about 8 feet of strong, soft, rope?

Let's go out Thelma and Louise style.

 

[fantasycurse42]

no matter what happens in the next 5 minutes, Amazon will close above $1,400.

 

[fantasycurse42]

1388, to 1398 in 7 seconds

& $1404

 

[Plorfu]

Anybody know where I can get a deal on about 8 feet of strong, soft, rope?

I like to buy mine at Tony's Venerable Immolation eXpo.

 

[Brony]

1388, to 1398 in 7 seconds

Dude.  Let it go. 

 

[James Daulton]

They're saying 23k or so on the televisions.

That'd still be a massive YOY increase.  Just doesn't seem to make sense.  

 

[Brony]

Nice day for T Rowe Price to have their server down in the afternoon. 

 

[fantasycurse42]

Dude.  Let it go. 

Why won't it just go down like everything else? The market basically gave back Jan, yet this hasn't given back one session. 

 

[fantasycurse42]

1,178 for the DJIA, 4.62%

First thing I did this morning, gotta be honest, felt like an idiot until about 2pm.

ETA: It was WFC that really spooked me into doing this after thinking long and hard all weekend, so thanks for your scummy business practices, WFC

 

[James Daulton]

Why won't it just go down like everything else? The market basically gave back Jan, yet this hasn't given back one session. 

(Jason) Cause like Blake Bortles, Amazon is awesome!

 

[James Daulton]

1,178 for the DJIA, 4.62%

First thing I did this morning, gotta be honest, felt like an idiot until about 2pm.

You better worry less about stocks and more about your phone battery homeboy. 

 

[culdeus]

Why won't it just go down like everything else? The market basically gave back Jan, yet this hasn't given back one session. 

From tesla to jpm and now Amazon. You do diversify

 

[St. Louis Bob]

That'd still be a massive YOY increase.  Just doesn't seem to make sense.  

I agree.  Almost want a massive drop so I can put some money to work.

 

[fantasycurse42]

From tesla to jpm and now Amazon. You do diversify

I'm not a Tesla investor or seller.

But I am fairly diversified across all accounts, not like it matters on a day like today.

 

[fantasycurse42]

I agree.  Almost want a massive drop so I can put some money to work.

At what levels do you start looking to put money to work?

Just under 24k is 10% from the high on the DJIA... Although, after a day like today, you do have to take a pause and question what all the selling was about. We aren't facing an imminent recession, wages are growing, & unemployment is low.

Maybe credit is starting to feel extended in a rising rate world, but a light yellow flag as of now at the worst. 

 

[kevzilla]

Still 90% cash in my IRA and brokerage.  

Very interested in tomorrow morning's futures.

 

[fantasycurse42]

Still 90% cash in my IRA and brokerage.  

Very interested in tomorrow morning's futures.

Down another 1.5-2% already since 4pm since close. 

 

[guru_007]

Stock market still up > 20% since 2/6/17

I was a buyer end of day today.  I haven't sold anything since end of last year.....yet

Probably means the end is nigh

 

[fantasycurse42]

https://www.marketwatch.com/story/the-double-vix-etf-is-the-most-actively-traded-stock-2018-02-05

TVIX, most actively traded equity on US exchanges today 

@St. Louis Bob

 

[kevzilla]

Down another 1.5-2% already since 4pm since close. 

Yeah, exactly why I'm more interested in tomorrow morning, after everybody has slept on it. Can't tell you how many times the after-hours and the pre-market the next day do not remotely resemble each other. Market psychology is odd, sometimes.

 

[fantasycurse42]

Yeah, exactly why I'm more interested in tomorrow morning, after everybody has slept on it. Can't tell you how many times the after-hours and the pre-market the next day do not remotely resemble each other. Market psychology is odd, sometimes.

Yea, I mean, I don't see how today is a bottom... Too much fear - with that being said, I'm hitting my computer tonight to see what was been blasted these last 2 days that prob shouldn't have been. 

I'm sitting here starring at AMZN and debating taking a quarter of what I want in here at 1,380.

 

[Slapdash]

Time to thrown in some of that dry powder.

 

[St. Louis Bob]

XIV, JFC. some people have lost a fortune.

 

[fantasycurse42]

XIV, JFC. some people have lost a fortune.

WTF? How is it down 68% after hours? I don't get that... Someone explain before I do something idiotic.

Kinda feel bad reading the comments on Stocktwits, but those people just got blasted by an atomic bomb, so now way I'll find any real information there.

 

[fantasycurse42]

XIV, JFC. some people have lost a fortune.

$130 on Thursday, getting ready to crack $30 - being an ETN, can they just terminate with no underlying assets? Is this a total loss for holders?

Never seen anything like this in an ETN.

 

[St. Louis Bob]

$130 on Thursday, getting ready to crack $30 - being an ETN, can they just terminate with no underlying assets? Is this a total loss for holders?

Never seen anything like this in an ETN.

I don't know but it seems like it went up almost every day for 8 months or so.

 

[fantasycurse42]

I don't know but it seems like it went up almost every day for 8 months or so.

It'll be $0 by 7pm.

 

[fantasycurse42]

BUMP.

Who knows what that idiot is blabbering about? The irony if he is complaining about manipulation. 

 

[fantasycurse42]

10k shares XIV



I'd need to borrow some of Bob's leftover rope. Love to understand what is happening there, but lesson learned, and it was free, don't trade ETNs.

 

[fantasycurse42]

So, from what I gathered on XIV, in this particular ETN (according to someone who seems to have a brain on Stocktwits, rare occurrence*), if the front month of the underlying asset moves more than 80% in a day, it creates a termination event. 

 

[St. Louis Bob]

So, from what I gathered on XIV, in this particular ETN (according to someone who seems to have a brain on Stocktwits, rare occurrence*), if the front month of the underlying asset moves more than 80% in a day, it creates a termination event. 

YIKES