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Stock Thread (44 Viewers)

Down 4.4% in my speculative accounts, yet QS and BLDP are up quite a bit. I think the market is telling me to sell the bounce.

 
cosjobs said:
What's the next support level?
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I am not much of a technical analysis guy so I am not sure.  I had predicted 4100 as the bottom earlier this year and we nearly hit that and bounced hard off of 4114.  4100 is 15% off the 52 week high back on January 4th.  I put most of my cash to work that day but kept around 5%.

 
Gilroy34 said:
I am not much of a technical analysis guy so I am not sure.  I had predicted 4100 as the bottom earlier this year and we nearly hit that and bounced hard off of 4114.  4100 is 15% off the 52 week high back on January 4th.  I put most of my cash to work that day but kept around 5%.
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I have trouble buying at that level. If I buy at 4114, it only needs to drop 5 points to free fall to the next level of support.

 
Complete longshot, but I'm betting on the financial management acumen of Devin Nunes and the entrepreneurial track record of DJT. If things get harrier overall this week, I could see this stock dropping like a rock.

DWAC put 80, expires 3/11 95 cents a share

if the underlying stock goes back to $96/share, I'll buy more with higher strikes and a better theta

 
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cosjobs said:
I have trouble buying at that level. If I buy at 4114, it only needs to drop 5 points to free fall to the next level of support.
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Fair enough.  With all due respect it seems like you have a hard time buying at any level.  Unless, of course we are talking 3 times inverse ETFs.

 
Gilroy34 said:
Fair enough.  With all due respect it seems like you have a hard time buying at any level.  Unless, of course we are talking 3 times inverse ETFs.
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That's not true at all, altho I do place significant hedges when the toilet appears to be flushing. As far as current stock positions other than inverses, I have GD, OXY, UCO, BLDP, CRM, CSCO, FSLR, MATX, TGT, XME, TSN, DELL, FUBO, GS, and scores of tiny position to which I will add as I dispose of my hedge stocks UVXY, SQQQ, FAZ, SARK, RWM, TWM.

It appears to me, that if the S&P closes beneath 4100, next significant support is about 3811, But I am no chartist, so if someone wants to correct me, I'd appreciate it.

 
cosjobs said:
That's not true at all, altho I do place significant hedges when the toilet appears to be flushing. As far as current stock positions other than inverses, I have GD, OXY, UCO, BLDP, CRM, CSCO, FSLR, MATX, TGT, XME, TSN, DELL, FUBO, GS, and scores of tiny position to which I will add as I dispose of my hedge stocks UVXY, SQQQ, FAZ, SARK, RWM, TWM.

It appears to me, that if the S&P closes beneath 4100, next significant support is about 3811, But I am no chartist, so if someone wants to correct me, I'd appreciate it.
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seems to be what most are calling for 3700-3800. Although we always seem to have some support at major round numbers so 4000 even may give some support.  A lot depends on what’s happening in the world so not sure charts matter as much as they would if it were all macroeconomic. I mean any line isn’t going to hold if all hell breaks loose. 

 
fruity pebbles said:
seems to be what most are calling for 3700-3800. Although we always seem to have some support at major round numbers so 4000 even may give some support.  A lot depends on what’s happening in the world so not sure charts matter as much as they would if it were all macroeconomic. I mean any line isn’t going to hold if all hell breaks loose. 
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sure. it just blows through to the next level of support. I think we are in the midst of a black swan event and lots of chart guidance will be broken, esp. on the downside.

 
Capella said:
Yup. Always thought this.  
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What basis do you think all the automatic trade programs are based on?  They set buy and sell levels based on charts and let the software trade on autopilot. Don't underestimate how many of those programs are out there.

 
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Tbh, I seldom make trades based predominantly support levels. But I do believe they exist.

Also, I am no pro. I do thrive in chaos. I doubled my portfolio during the pandemic spikes (and lost all the profits back over the next 18 months). This round I will stash all the profits in safe instruments.

 
cosjobs said:
Tbh, I seldom make trades based predominantly support levels. But I do believe they exist.

Also, I am no pro. I do thrive in chaos. I doubled my portfolio during the pandemic spikes (and lost all the profits back over the next 18 months). This round I will stash all the profits in safe instruments.
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Think capital preservation is generally underrated

 
So this Russia invasion must have ended the need for Semiconductors.  Cool.

SOXL at 30, deal (that's a buy).  Thank you.    

 
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cosjobs said:
Complete longshot, but I'm betting on the financial management acumen of Devin Nunes and the entrepreneurial track record of DJT. If things get harrier overall this week, I could see this stock dropping like a rock.

DWAC put 80, expires 3/11 95 cents a share

if the underlying stock goes back to $96/share, I'll buy more with higher strikes and a better theta
Click to expand...


:towelwave:

 
beef said:
So this Russia invasion must have ended the need for Semiconductors.  Cool.

SOXL at 30, deal (that's a buy).  Thank you.    
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And cybersecurity. Even my small company had a discussion on our monthly call about cyber attacks but as far as I can tell no one needs protection anymore LOL. 

 
had about 4% cash left and put it all into VTSAX today. it may drop more, even a lot more, but for my mental health I am done even looking at the market for a bit.

As long as the world isn't vaporized in multiple mushroom clouds I am actually okay with just about all financial issues going on right now. Big picture and all that....

 
Some might say I lost almost 9% today.  I'd say a bought some things I really like on clearance with an additional 15% discount. 

Get paid tomorrow.  Going to do some more shopping.      

 
NINE is having a day picked it up on Friday at 1.66 earnings are out today.  This offsets my stupidity of selling HUSA last week at 1.54 for no gain because I got tired of it just sitting there and moving sideways for 2 weeks. 

 
ghostguy123 said:
Gotta make an attempt.  Is this a line from Dead Man on Campus??
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Animal House.

This was when Flounder was crying like a baby when they got back from their road trip and his brother Fred’s car was a wreck.

Bluto say’s “My advice is start drinking heavily”

And Otter says to Flounder “Your should listen to him he is Pre-Med”.

 
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2Squirrels1Nut said:
21 hours ago, cosjobs said:
Complete longshot, but I'm betting on the financial management acumen of Devin Nunes and the entrepreneurial track record of DJT. If things get harrier overall this week, I could see this stock dropping like a rock.

DWAC put 80, expires 3/11 95 cents a share

if the underlying stock goes back to $96/share, I'll buy more with higher strikes and a better theta
Expand  
Click to expand...


:towelwave:
Click to expand...
How many did you end up with? @cosjobs

 
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