Stock Thread (27 Viewers)

[Capella]

What a day. All because of an 8-minute speech. Seems healthy.

 

[Pigskin Fanatic]

What a day. All because of an 8-minute speech. Seems healthy.

haha, to be fair, at least it was the fed chairman and not some 5 second tweet from a rich nobody.

 

[humpback]

Exactly. Seems like a short-term over-reaction. Buying GOOG and UPST on the dip.

It could be, but for now the market is saying that the rally that began in mid-June was the over-reaction.

Feels like a huge overreaction here as Powell didn't say anything that I didn't anticipate. Adding today.

Me neither, but we aren't the ones who move the market- obviously they didn't anticipate it.

They’ve been discussing this all week. Every article I read said this was likely to happen. This is just all Algo-based dumping.

I know it's always popular to blame down moves on algo's, but occam's razor seems to apply here.

 

[2Squirrels1Nut]

Bought more AMZN. I have no idea anymore.

As I wrote the other day, AAPL is too expensive, IMO, at these levels. Still, at the current price you get a sweet .50% ($0.92 a share) annual dividend.

However, I still wouldn't be buying at the current price of $162 as I think it continues lower short term.

 

[culdeus]

Anyone want to high five me for rolling over my wife's 403b to an IRA last week and being in cash since 8/16 on 200k ish in funds?

 

[McBokonon]

Got a call from the SEC today. Evidently I broke some rule about not filing a report for holding more than 10% of the FLGT shares.

Credit Suisse initiated them at Outperform yesterday. Might take awhile, but eventually everyone will come around.

 

[FreeBaGeL]

Exactly. Seems like a short-term over-reaction. Buying GOOG and UPST on the dip.

It could be, but for now the market is saying that the rally that began in mid-June was the over-reaction.

Feels like a huge overreaction here as Powell didn't say anything that I didn't anticipate. Adding today.

Me neither, but we aren't the ones who move the market- obviously they didn't anticipate it.

They’ve been discussing this all week. Every article I read said this was likely to happen. This is just all Algo-based dumping.

I know it's always popular to blame down moves on algo's, but occam's razor seems to apply here.

Yeah I think the recent run-up was because people were speculating the fed would be more dovish after it looked like inflation was starting to cool. But I think there's still a ways to go with inflation and the fed isn't going to make the mistake of bowing out early again. They're going to make sure that inflation monster is super dead, not just starting to die, before they turn dovish again.

Is the stock market really as simple as stonks inverse interest rates. Seems to be all the institutions care about right now.

 

[GoBirds]

Anyone want to high five me for rolling over my wife's 403b to an IRA last week and being in cash since 8/16 on 200k ish in funds?

 

[culdeus]

I have been living under a rock but now I see draft kings is doing something with nft for their dff. Pretty sure this is the end times.

 

[humpback]

Exactly. Seems like a short-term over-reaction. Buying GOOG and UPST on the dip.

It could be, but for now the market is saying that the rally that began in mid-June was the over-reaction.

Feels like a huge overreaction here as Powell didn't say anything that I didn't anticipate. Adding today.

Me neither, but we aren't the ones who move the market- obviously they didn't anticipate it.

They’ve been discussing this all week. Every article I read said this was likely to happen. This is just all Algo-based dumping.

I know it's always popular to blame down moves on algo's, but occam's razor seems to apply here.

Yeah I think the recent run-up was because people were speculating the fed would be more dovish after it looked like inflation was starting to cool. But I think there's still a ways to go with inflation and the fed isn't going to make the mistake of bowing out early again. They're going to make sure that inflation monster is super dead, not just starting to die, before they turn dovish again.

Is the stock market really as simple as stonks inverse interest rates. Seems to be all the institutions care about right now.

Not quite that simple, but out of all of the mantras, "don't fight the fed" is one of the best to follow, in my experience.

 

[Orange&Blue]

With the drought situation in China I only expect the inflation and supply chain issues to stay constant if not get worse.

 

[beef]

Another big pull back day for the Semis. About ready to pool some funds together for another SOXL buy if this dip continues. The way the charts are looking to me suggest this may be the last great buying opportunity to load up on for the long haul. I get the recent fears from some earnings misses and lowering future guidance, but I wasn't surprised to hear it's mostly supply chain issues, not demand. When demand drops I'll rethink my position.

Any counters, risks I might be blinding myself from? I'm guilty of doing that at times when I'm ridiculously bullish on something.

I'd like a mulligan please.

Edit: added more at 15.

 

[pecorino]

I saw that NERV popped last week and see now that it is hovering around 10. Sorry, fellow FBG whose name I've forgotten, but some of us sold a TON of puts on NERV a couple years ago then took a bath when it crashed. I closed out my position shortly after getting put thousands of shares. Hey, what's your name again: Have you been holding? If so, and assuming you're in for multi-thousand shares, congrats on it being up near $10 per share. I certainly hope that's the case.

 

[FreeBaGeL]

I saw that NERV popped last week and see now that it is hovering around 10. Sorry, fellow FBG whose name I've forgotten, but some of us sold a TON of puts on NERV a couple years ago then took a bath when it crashed. I closed out my position shortly after getting put thousands of shares. Hey, what's your name again: Have you been holding? If so, and assuming you're in for multi-thousand shares, congrats on it being up near $10 per share. I certainly hope that's the case.

I wasn't the one that had the original idea but I sold a lot of puts and still have a ton of shares.

Sadly there was a reverse split in there a while ago so the current $10 price is still way down (about 75%), even if it's up about 100% this week.

 

[Alien Fantasy]

The media's narrative on Ryan Cohen tanking BBBY stock seems a tad foolish these days. Does anyone want to explain these things:

1. Ryan Cohen owned over 10% of the company. Despite him selling out his entire position in less than 2 days, the stock was rising while this was taking place (on ludicrous volume). The stock only tanked AFTER Cohen had already left the position.

2. The stock is moving upwards again violently on ridiculous volume.

So what is the supposed catalyst now?

 

[McBokonon]

So what is the supposed catalyst now?

It’s a meme stock with trading patterns that are completely detached from any fundamentals or traditional methods to value a company.

 

[Alien Fantasy]

So what is the supposed catalyst now?

It’s a meme stock with trading patterns that are completely detached from any fundamentals or traditional methods to value a company.

So when someone sells 10% of all the available shares in 2 days and the stock goes up, there can be no explanation? And it's just going nuts now after the biggest stockholder has exited the position completely because it's a meme stock? That's some funny explanation.

 

[ConstruxBoy]

So what is the supposed catalyst now?

It’s a meme stock with trading patterns that are completely detached from any fundamentals or traditional methods to value a company.

So when someone sells 10% of all the available shares in 2 days and the stock goes up, there can be no explanation? And it's just going nuts now after the biggest stockholder has exited the position completely because it's a meme stock? That's some funny explanation.

"A fool and his money are soon parted" comes to mind...

 

[Alien Fantasy]

So what is the supposed catalyst now?

It’s a meme stock with trading patterns that are completely detached from any fundamentals or traditional methods to value a company.

So when someone sells 10% of all the available shares in 2 days and the stock goes up, there can be no explanation? And it's just going nuts now after the biggest stockholder has exited the position completely because it's a meme stock? That's some funny explanation.

"A fool and his money are soon parted" comes to mind...

It opened up the month trading at $4.94. It's at $13.62 right now. Agreed that the fools that opted to short BBBY are indeed losing a ton of money.

 

[kevzilla]

Plucky little Alphamin (AFMJF) just refuses to hit my price to fill out my position; it was up a hair today. I should probably look at this as a positive, right, @General Malaise?

 

[Caveman33]

The media's narrative on Ryan Cohen tanking BBBY stock seems a tad foolish these days. Does anyone want to explain these things:

1. Ryan Cohen owned over 10% of the company. Despite him selling out his entire position in less than 2 days, the stock was rising while this was taking place (on ludicrous volume). The stock only tanked AFTER Cohen had already left the position.

2. The stock is moving upwards again violently on ridiculous volume.

So what is the supposed catalyst now?

I started looking at the market again last week and luckily bought BBBY calls. My understanding of the situation is that Ryan Cohen executed a legal pump and dump. BBBY peaked on Aug 16-17. I believe he released form 3 on Aug 15th, revealing that he held far OTM calls. His large position in BBBY was already known but these OTM calls probably helped spur the Aug 15-17 surge. He released his form 144, intention to sell, after the market closed on Aug 17. And he had already sold everything between Aug 16-17th during the surge, walking away with a handsome profit at the expense of his loyal followers. Once it was confirmed that his position was liquidated, BBBY immediately tumbled. Before the confirmation, his followers were trying to spin the form 144 in a variety of ways to suit their narrative. Many of them still are.

I believe the current catalyst is that BBBY reached terms on a loan and they are making some sort of announcement on Wednesday. I bought Sep9 calls because I figured there was a good chance that another pump would occur within a few weeks. Given the build up surrounding the announcement on Wednesday, I will likely sell all of my calls tomorrow. I'm sure others have a similar idea so maybe selling today would have been best. Or maybe BBBY will announce on Wednesday that they are selling Baby, issuing more shares or entering bankruptcy and the stock will moon. From a fundamental perspective, considering Ryan Cohen's position on the board and his opportunity to see BBBY's situation from the inside, the fact that he sold does not look good.

 

[Alien Fantasy]

The media's narrative on Ryan Cohen tanking BBBY stock seems a tad foolish these days. Does anyone want to explain these things:

1. Ryan Cohen owned over 10% of the company. Despite him selling out his entire position in less than 2 days, the stock was rising while this was taking place (on ludicrous volume). The stock only tanked AFTER Cohen had already left the position.

2. The stock is moving upwards again violently on ridiculous volume.

So what is the supposed catalyst now?

I started looking at the market again last week and luckily bought BBBY calls. My understanding of the situation is that Ryan Cohen executed a legal pump and dump. BBBY peaked on Aug 16-17. I believe he released form 3 on Aug 15th, revealing that he held far OTM calls. His large position in BBBY was already known but these OTM calls probably helped spur the Aug 15-17 surge. He released his form 144, intention to sell, after the market closed on Aug 17. And he had already sold everything between Aug 16-17th during the surge, walking away with a handsome profit at the expense of his loyal followers. Once it was confirmed that his position was liquidated, BBBY immediately tumbled. Before the confirmation, his followers were trying to spin the form 144 in a variety of ways to suit their narrative. Many of them still are.

I believe the current catalyst is that BBBY reached terms on a loan and they are making some sort of announcement on Wednesday. I bought Sep9 calls because I figured there was a good chance that another pump would occur within a few weeks. Given the build up surrounding the announcement on Wednesday, I will likely sell all of my calls tomorrow. I'm sure others have a similar idea so maybe selling today would have been best. Or maybe BBBY will announce on Wednesday that they are selling Baby, issuing more shares or entering bankruptcy and the stock will moon. From a fundamental perspective, considering Ryan Cohen's position on the board and his opportunity to see BBBY's situation from the inside, the fact that he sold does not look good.

Ryan Cohen bought all those OTM calls in March. He has never added to his position. When the company bought back shares his 9.8% position ballooned to 11+% which made him an insider. He filed forms accordingly both for his position and his intent to sell.

I suspect your calls are going to do very well here. The GME/BBBY derivative swaps are likely to drive the price of both stocks through the next few weeks.

 

[Ridgeback]

I'm trying to resist the urge to buy a bit more BROS on this dip. I don't have a full allocation, but it's also in a bear trend.

 

[2Squirrels1Nut]

Bought 100 UCO at $35.94

 

[beef]

Been a few times I wanted to jump back in oil, but I just can't stay away from these SOXL/semi swings. I do need to start dumping more on the upswings since I keep adding way more on the downs.

 

[Caveman33]

The media's narrative on Ryan Cohen tanking BBBY stock seems a tad foolish these days. Does anyone want to explain these things:

1. Ryan Cohen owned over 10% of the company. Despite him selling out his entire position in less than 2 days, the stock was rising while this was taking place (on ludicrous volume). The stock only tanked AFTER Cohen had already left the position.

2. The stock is moving upwards again violently on ridiculous volume.

So what is the supposed catalyst now?

I started looking at the market again last week and luckily bought BBBY calls. My understanding of the situation is that Ryan Cohen executed a legal pump and dump. BBBY peaked on Aug 16-17. I believe he released form 3 on Aug 15th, revealing that he held far OTM calls. His large position in BBBY was already known but these OTM calls probably helped spur the Aug 15-17 surge. He released his form 144, intention to sell, after the market closed on Aug 17. And he had already sold everything between Aug 16-17th during the surge, walking away with a handsome profit at the expense of his loyal followers. Once it was confirmed that his position was liquidated, BBBY immediately tumbled. Before the confirmation, his followers were trying to spin the form 144 in a variety of ways to suit their narrative. Many of them still are.

I believe the current catalyst is that BBBY reached terms on a loan and they are making some sort of announcement on Wednesday. I bought Sep9 calls because I figured there was a good chance that another pump would occur within a few weeks. Given the build up surrounding the announcement on Wednesday, I will likely sell all of my calls tomorrow. I'm sure others have a similar idea so maybe selling today would have been best. Or maybe BBBY will announce on Wednesday that they are selling Baby, issuing more shares or entering bankruptcy and the stock will moon. From a fundamental perspective, considering Ryan Cohen's position on the board and his opportunity to see BBBY's situation from the inside, the fact that he sold does not look good.

Ryan Cohen bought all those OTM calls in March. He has never added to his position. When the company bought back shares his 9.8% position ballooned to 11+% which made him an insider. He filed forms accordingly both for his position and his intent to sell.

I suspect your calls are going to do very well here. The GME/BBBY derivative swaps are likely to drive the price of both stocks through the next few weeks.

But then why did Cohen sell his BBBY holdings? I have a hard time imagining the update tomorrow will be positive, however I did not sell my calls. They are still up 100% with the stock crashing back to 11.80. Even bad news could see the stock spike upwards and I want to go along for the ride.

 

[humpback]

Rug getting pulled out from under BBBY, shocker.

I won't feel "good" about the market until all this meme nonsense is behind us.

 

[Schmeabs]

Rug getting pulled out from under BBBY, shocker.

I won't feel "good" about the market until all this meme nonsense is behind us.

stock offering right?

 

[stbugs]

Rug getting pulled out from under BBBY, shocker.

I won't feel "good" about the market until all this meme nonsense is behind us.

I’m tired of the meme stuff but honestly I think it hurts the market. I don’t think it’s propping things up where they’d go down more.

BBBY is ridiculous. It’s dog ****. They announced that hey we are diluting your shares 15% immediately and we could do that more in the future (read they will). They have a $700M market cap and are getting $500M in a loan. Do you think those guys aren’t getting more than that in equity? This stock will be diluted like AMC where pre-pandemic shares were diluted to 20% of what they were worth and amazingly people think it will go up from here. BBBY couldn’t have worse news on their fundamentals and have news about a 15% dilution yet the stock is only down 20% after going up 20%+ yesterday. I own CRWD and they beat every number last night including future forecasts and they are down 6%. It’s just bizarre but it’s certainly not helping the market.

 

[FreeBaGeL]

I don't think the meme stuff affects the broader market at all. The truth is these trader stocks that go up 400% and then down 80% in a day/week have been around forever. Before the GME bucket it was dying Chinese companies that ran from 7 cents to $50 and then back down again in a day. There were weed stocks before that. And traders have been picking out random unknown tickers to manipulate every few days for decades.

Trader stocks and investments are two totally separate things, as they always have been. Trader stocks have zero to do with fundamentals.

 

[humpback]

Rug getting pulled out from under BBBY, shocker.

I won't feel "good" about the market until all this meme nonsense is behind us.

stock offering right?

I think the gamma ape rocket ship squeezed the ice cream cone. Or something.

 

[Schmeabs]

Rug getting pulled out from under BBBY, shocker.

I won't feel "good" about the market until all this meme nonsense is behind us.

stock offering right?

I think the gamma ape rocket ship squeezed the ice cream cone. Or something.

Yeah it doesn't matter to me much as I have never touched these meme stocks

 

[Caveman33]

Rug getting pulled out from under BBBY, shocker.

I won't feel "good" about the market until all this meme nonsense is behind us.

I’m tired of the meme stuff but honestly I think it hurts the market. I don’t think it’s propping things up where they’d go down more.

BBBY is ridiculous. It’s dog ****. They announced that hey we are diluting your shares 15% immediately and we could do that more in the future (read they will). They have a $700M market cap and are getting $500M in a loan. Do you think those guys aren’t getting more than that in equity? This stock will be diluted like AMC where pre-pandemic shares were diluted to 20% of what they were worth and amazingly people think it will go up from here. BBBY couldn’t have worse news on their fundamentals and have news about a 15% dilution yet the stock is only down 20% after going up 20%+ yesterday. I own CRWD and they beat every number last night including future forecasts and they are down 6%. It’s just bizarre but it’s certainly not helping the market.

Ryan Cohen hasn't revealed his master plan yet. I'm anxiously awaiting his next tweet.

 

[humpback]

I don't think the meme stuff affects the broader market at all. The truth is these trader stocks that go up 400% and then down 80% in a day/week have been around forever. Before the GME bucket it was dying Chinese companies that ran from 7 cents to $50 and then back down again in a day. There were weed stocks before that. And traders have been picking out random unknown tickers to manipulate every few days for decades.

Trader stocks and investments are two totally separate things, as they always have been. Trader stocks have zero to do with fundamentals.

Sure there's always been some of this going on, but it seems obvious that it's larger than ever and it's receiving more coverage than ever. This isn't a few random traders playing around with a few random stocks, this is an insane amount of money being thrown around trying to suck in the bigger fool (and by a CEO for crying out loud). When you add in all of the speculative assets that have taken off in the last few years like crypto, nft's, SPACs, etc., it adds to volatility and creates some distrust in the system.

Fundamentals will prevail in the end (for those who don't lose their shirts first), but I have no doubt it impacts the markets in the short term.

 

[stbugs]

Rug getting pulled out from under BBBY, shocker.

I won't feel "good" about the market until all this meme nonsense is behind us.

I’m tired of the meme stuff but honestly I think it hurts the market. I don’t think it’s propping things up where they’d go down more.

BBBY is ridiculous. It’s dog ****. They announced that hey we are diluting your shares 15% immediately and we could do that more in the future (read they will). They have a $700M market cap and are getting $500M in a loan. Do you think those guys aren’t getting more than that in equity? This stock will be diluted like AMC where pre-pandemic shares were diluted to 20% of what they were worth and amazingly people think it will go up from here. BBBY couldn’t have worse news on their fundamentals and have news about a 15% dilution yet the stock is only down 20% after going up 20%+ yesterday. I own CRWD and they beat every number last night including future forecasts and they are down 6%. It’s just bizarre but it’s certainly not helping the market.

Ryan Cohen hasn't revealed his master plan yet. I'm anxiously awaiting his next tweet.

Years from now the studies going over people investing millions and millions due to frogs and ice cream will be fun to watch. There are some true believers who can convince themselves of almost anything. Loved seeing the ones about Cohen selling his stock at that time so that all the money goes back to the company. Lol at him ever selling stock to give it all away versus pocketing the profit.

 

[Caveman33]

Rug getting pulled out from under BBBY, shocker.

I won't feel "good" about the market until all this meme nonsense is behind us.

I’m tired of the meme stuff but honestly I think it hurts the market. I don’t think it’s propping things up where they’d go down more.

BBBY is ridiculous. It’s dog ****. They announced that hey we are diluting your shares 15% immediately and we could do that more in the future (read they will). They have a $700M market cap and are getting $500M in a loan. Do you think those guys aren’t getting more than that in equity? This stock will be diluted like AMC where pre-pandemic shares were diluted to 20% of what they were worth and amazingly people think it will go up from here. BBBY couldn’t have worse news on their fundamentals and have news about a 15% dilution yet the stock is only down 20% after going up 20%+ yesterday. I own CRWD and they beat every number last night including future forecasts and they are down 6%. It’s just bizarre but it’s certainly not helping the market.

Ryan Cohen hasn't revealed his master plan yet. I'm anxiously awaiting his next tweet.

Years from now the studies going over people investing millions and millions due to frogs and ice cream will be fun to watch. There are some true believers who can convince themselves of almost anything. Loved seeing the ones about Cohen selling his stock at that time so that all the money goes back to the company. Lol at him ever selling stock to give it all away versus pocketing the profit.

The memes and delusions are pretty entertaining. I lost a decent amount of unrealized gains. I'm pretty bad at trading even when things go exactly as expected.

 

[beef]

Internet is really going to break once we find out Ryan Cohen has been Q all this time.

 

[beef]

Another day of adding more SOXL Definitely need to get more serious about trimming some of these shares if/when we trend back into the 20's.

 

[kevzilla]

If I fill out my position in AFMJF, it will represent almost 5% of today's volume. YOLO?

 

[NajehHejan]

Can we please have a green day tomorrow? I’m so sick of red days every day. Stonks make hulk mad. Argh.

 

[stbugs]

Welp going to be another fun day. MDB beat all numbers as well but is getting killed. 3 months ago the same beats got a huge jump. I sold half of it last November-ish for around $500 so I’ll sit on the rest for years. Numbers look really good but they reported a couple weeks too late unlike SNOW. Just frustrating to see companies warn and miss numbers like Five Below and they are up. Oh well, ain’t retiring next year anyway! Just have to keep maxing out to get ready for the next big bull market in a few years.

 

[beef]

Did a premarket SOXL buy. Been buying 50 shares at about every 5% drop since 15.50. Have enough cash for one more buy down around 12.65 if it hits.

edit: In at 12.52.

 

[Capella]

Can we please have a green day tomorrow? I’m so sick of red days every day. Stonks make hulk mad. Argh.

I decided a few days ago to just kind of take stocks off until October or later. I’ll look occasionally but all the companies I own are solid, and staring at this isn’t helpful. So I’m just going to wait it out. Can’t buy again until November anyways so time for a stock vacation.

 

[McBokonon]

Can we please have a green day tomorrow? I’m so sick of red days every day. Stonks make hulk mad. Argh.

I decided a few days ago to just kind of take stocks off until October or later. I’ll look occasionally but all the companies I own are solid, and staring at this isn’t helpful. So I’m just going to wait it out. Can’t buy again until November anyways so time for a stock vacation.

See you on Tuesday, GB!

 

[beef]

Can we please have a green day tomorrow? I’m so sick of red days every day. Stonks make hulk mad. Argh.

I decided a few days ago to just kind of take stocks off until October or later. I’ll look occasionally but all the companies I own are solid, and staring at this isn’t helpful. So I’m just going to wait it out. Can’t buy again until November anyways so time for a stock vacation.

I may have to do the same. Not sure I can dig up more play money for another month.

 

[Capella]

Can we please have a green day tomorrow? I’m so sick of red days every day. Stonks make hulk mad. Argh.

I decided a few days ago to just kind of take stocks off until October or later. I’ll look occasionally but all the companies I own are solid, and staring at this isn’t helpful. So I’m just going to wait it out. Can’t buy again until November anyways so time for a stock vacation.

See you on Tuesday, GB!

Lol oh I’ll be in the thread just not gonna sweat things like I do.

 

[beef]

Lots of companies lowering their future guidance, recession fears, rate hike uncertainties, VIX climbing, China has Covid (should shock no one but does) Nasdaq down over 10% over the past 3 weeks. Kind of feels like a June re-do and setting up for a nice early Fall tech bear bounce.

 

[humpback]

Can we please have a green day tomorrow? I’m so sick of red days every day. Stonks make hulk mad. Argh.

I see we have a comedian in the house.

 

[stbugs]

Lots of companies lowering their future guidance, recession fears, rate hike uncertainties, VIX climbing, China has Covid (should shock no one but does) Nasdaq down over 10% over the past 3 weeks. Kind of feels like a June re-do and setting up for a nice early Fall tech bear bounce.

I’ve had multiple companies not lower guidance and still beat and got slaughtered. Oh well, unlike @Capella, I’m packing up my **** and saying see ya on Tuesday! Retirement 2050, here I come!

 

[Orange&Blue]

Lots of companies lowering their future guidance, recession fears, rate hike uncertainties, VIX climbing, China has Covid (should shock no one but does) Nasdaq down over 10% over the past 3 weeks. Kind of feels like a June re-do and setting up for a nice early Fall tech bear bounce.

I think the drought is going to hurt China more than COVID, but combined...yuck. supply chains issues and inflation are not going to get better any time soon.

Edit... And their housing mortgage issue.