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Stock Thread (59 Viewers)

fantasycurse42 said:
I got out at 10.19 (yesterday's close, this morning)... I got on the subway and it was $3, I left an open order hoping for some selling and it was filled within 15 minutes when I arrived at my destination - total loss was $633 with fees... Considering I thought it was a complete loss yesterday, I'll take it with an extra $1k in my pocket. Honestly, think it can break $330 in choppy trading today, but I'm okay taking a $600 loss versus a $1,600 loss. 

A lot of their money (that helped reduce cash burn) were deposits. When the bull market eventually ends, this is one of the last stocks you'll want to be holding. 

In terms of a company that will ever justify it's valuation, this one is the biggest joke of them all.
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I say this, until it actually happens :kicksrock:

 
When the DJIA sinks below 22,500, I'll start to panic a little - until then, I'm buying dips and riding the wave. Earnings are excellent, balance sheets are super strong, and the economic backdrop is still strong growth. 

Shake the weak hands for a few weeks and let's move on.

 
-OZ- said:
Thinking of selling SPXS now. Up 6.4% today. But I kind of like that I'm not pissed at my retirement savings dropping 6 months worth of salary.
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Haven't even looked at mine, but I'm sure it is disgusting too... I'm so far from retirement, even a 30% fall is just noise to me on that front.

 
fantasycurse42 said:
Haven't even looked at mine, but I'm sure it is disgusting too... I'm so far from retirement, even a 30% fall is just noise to me on that front.
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It's not much in the grand scheme, but I don't hate that my contribution from my bonus (and subsequent match) will be hitting after this pullback. 

 
Nobody is stepping in to buy bonds, which certainly is problematic. 

Dow is down 700 points and nobody is fleeing to safety, we still have some downward slack, I've got funds ready... Added something I wanted today though.

 
This kinda reminds me of taper tantrum, no? 

Think we're kinda back to that bad news is good news phase - the scary part is the economy is strong and we've got a lot of good news.

 
Gonna retest some of those previous lows - if those hold, I think we're going to be good, if not, you could have another 5% to the downside. 

 
fantasycurse42 said:
This kinda reminds me of taper tantrum, no? 

Think we're kinda back to that bad news is good news phase - the scary part is the economy is strong and we've got a lot of good news.
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Simply we are seeing a re-allocation of assets. Bonds? Nope. Profit taking? Absolutely. But we are still in a massive cyclical bull market. We will finish the year up 7-8% on the S&P and Dow.

We did almost that in one month (January). This is a much needed and healthy dose of what normal market volatility is. We have been without it the last 19 months. It was long overdue. 

This will pass soon. It is actually comforting having this now. I could not believe that move in January.

 
Todem said:
Simply we are seeing a re-allocation of assets. Bonds? Nope. Profit taking? Absolutely. But we are still in a massive cyclical bull market. We will finish the year up 7-8% on the S&P and Dow.

We did almost that in one month (January). This is a much needed and healthy dose of what normal market volatility is. We have been without it the last 19 months. It was long overdue. 

This will pass soon. It is actually comforting having this now. I could not believe that move in January.
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I've never been so calm in a rout like this in my life, while it sucks, agree it is necessary and healthy. 

But the magnitude is nothing short of amazing, 10% in days.

 
fantasycurse42 said:
I've never been so calm in a rout like this in my life, while it sucks, agree it is necessary and healthy. 

But the magnitude is nothing short of amazing, 10% in days.
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I am amazed that I am calm as well.  I had 50-60 pulled off the table so it really isn’t all that bad.  Looking to get into some tech on the dip and back in. Berkshire after taking a good profit.  Overall pretty happy!

 
fantasycurse42 said:
I've never been so calm in a rout like this in my life, while it sucks, agree it is necessary and healthy. 

But the magnitude is nothing short of amazing, 10% in days.
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Right? Cool as a cucumber. Economy is strong and getting stronger. We have more legs in this equity market....no doubt. Also the short volatility long equity trade is unwinding this week and a ton of short covering is going on with that. Crazy and dangerous Vixx ETN's going through the roof with short covering right now.

 
The DJIA low on Tuesday was 23,778 which coincidentally was just over a 10% correction from January high of 26,616.  It closed at 23,860 today.  I believe buyers will come in tomorrow as that magic 10% number seems to have support. 

 
Don't Noonan said:
The DJIA low on Tuesday was 23,778 which coincidentally was just over a 10% correction from January high of 26,616.  It closed at 23,860 today.  I believe buyers will come in tomorrow as that magic 10% number seems to have support. 
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I hope this is true.

 
I think we have another 1,000 - 1,400 points downside - they're going to shake the weak hands... Without free money from the gubernmant, they need the cheapest shares they can get. Have a plan and a shopping list for the final wash here, IMO. 

 
Don't Noonan said:
The DJIA low on Tuesday was 23,778 which coincidentally was just over a 10% correction from January high of 26,616.  It closed at 23,860 today.  I believe buyers will come in tomorrow as that magic 10% number seems to have support. 
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My feelings are they would've come in at the end of the day today. More downside. 

 
:shrug:  it's gonna be fine guys. Short-term losses for long-term gains. We've all most likely made a ####-ton of money these past 5 years. The Dow is over 23k. Imagine saying that 18 months ago. 

 
Amazing how the world works right now. News cycle is do quick these days that just the signal that we we’re too high and wham the pull back happens but it happens so quick. There is no gradual anymore or a it may move if the Fed raises rates. Look at that crypto moves, there is no gradual. 

 
I think the political uncertainty has got to be a reason for some of this.

Having a criminal in the WH would not be good for the market one would think.

 
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