Desert_Power
Footballguy
It's a really good idea. Heard it for the first time a few months back as a way to "buy the dip" even if you're fully invested.
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Stock Thread (19 Viewers)
- Thread starter St. Louis Bob
- Start date
Can you elaborate? I normally think of that term in a "tables are turned" type thing. How are you applying that to this? If that's what you meant.
Desert_Power
Footballguy
I've never heard that expression at all so glad you asked.
Chemical X
Footballguy
right….if you roll 100k, it is as if you earned 100k in untaxed income when you file. it gets added to the distribution line on your 1040.
Capella
Footballguy
Yes, for at least this morning the tables have turned, or until somebody speaks and snuffs it out.
Which side or group or position though? What side was the hunted and is now hunting?
Sold my UNH United Healthcare on the pop today. Missed the open but still a nice gain. Bought some after all the fallout from the CEO getting gunned down thinking it would rebound once the news cycle moved on, going to put it into something else that is more beaten down just have to decide what.
eighsse2
Footballguy
I think he is simply saying the market is good today. He was replying to someone who was saying yesterday's gains would not last and we would have another freefall today. Correct me if I'm wrong.
ETA: Okay upon further investigation, he was replying to himself saying that, haha.
Capella
Footballguy
It was just a comment on a good market today, replying to me yesterday thinking it would be bad.
Stoneworker
Footballguy
The S&P is already below where it opened so still may not be wrong
General Malaise
Footballguy
Short covering, imo.
General Malaise
Footballguy
104% additional tariff on China. Good bye green.
General Malaise
Footballguy
Sold out APPL and AMZN to lock in gains.
Went back into SQQQ and SDOW.
Went back into SQQQ and SDOW.
General Malaise
Footballguy
US-China Trade Live: US imposes 104% tariffs on Chinese goods effective immediately; additional tariffs to be collected starting April 9: White House - The Economic Times
US-China Trade Live: US imposes 104% tariffs on Chinese goods effective immediately; additional tariffs to be collected starting April 9: White House
General Malaise
Footballguy
ghostguy123
Footballguy
Someone remind me to sell everything in my Roth account next time there is a spike (if there is one) instead of taking a nap.
Wooderson
Fight The Power
https://x.com/EdwardLawrence
@EdwardLawrence
·
24m
Being more clear: When the tariffs go into effect at 12:01a April 9th. China will see an additional 104% added to imports. China missed it's 12p Eastern Time deadline to remove retaliation tariffs set by President Trump. #Tariffs #Trade #POTUS #China
General Malaise
Footballguy
Rirruto
Footballguy
Yeah, totally. The original report was that the Press Sec said they went into effect at noon. The CNBC WH correspondent reported that he just walked out of her office and she said that wasn't true.
Market went UP on original report and DOWN on the subsequent clarification. Best I can tell, tariffs are going into effect at midnight.
Edit: I was really just commenting that it's wild we've had two market moving stories that turned out to be incorrect in the last two days.
General Malaise
Footballguy
This is where I'm at....not trying to get political, but it's hard not to discuss the situation without at least trying to gather what's happening at the top level.
In short, these moves are being made to get Powell to lower rates sooner than the Fed planned. True, not true, I don't know, but it's the only thing I can think of that makes any sense in here.
JB Breakfast Club
Footballguy
I don't think Powell will cave with how brutal upcoming inflation numbers will be.
This is where I'm at....not trying to get political, but it's hard not to discuss the situation without at least trying to gather what's happening at the top level.
In short, these moves are being made to get Powell to lower rates sooner than the Fed planned. True, not true, I don't know, but it's the only thing I can think of that makes any sense in here.
I would take the administration at its word and that they believe we have been taken advantage of on trade for years with the biggest culprit China.
This is where I'm at....not trying to get political, but it's hard not to discuss the situation without at least trying to gather what's happening at the top level.
In short, these moves are being made to get Powell to lower rates sooner than the Fed planned. True, not true, I don't know, but it's the only thing I can think of that makes any sense in here.
BassNBrew
Footballguy
While this is true from a pure financial standpoint, we do get to fill our homes with a bunch of stuff out of the deal.I would take the administration at its word and that they believe we have been taken advantage of on trade for years with the biggest culprit China.
This is where I'm at....not trying to get political, but it's hard not to discuss the situation without at least trying to gather what's happening at the top level.
In short, these moves are being made to get Powell to lower rates sooner than the Fed planned. True, not true, I don't know, but it's the only thing I can think of that makes any sense in here.
General Malaise
Footballguy
I don't think Powell will cave with how brutal upcoming inflation numbers will be.
This is where I'm at....not trying to get political, but it's hard not to discuss the situation without at least trying to gather what's happening at the top level.
In short, these moves are being made to get Powell to lower rates sooner than the Fed planned. True, not true, I don't know, but it's the only thing I can think of that makes any sense in here.
What if I told you some people in this country view inflation as a joke and would much prefer cheap costs to borrow to buy stocks cheaper tomorrow than they were a few weeks ago?
I would take the administration at its word and that they believe we have been taken advantage of on trade for years with the biggest culprit China.
This is where I'm at....not trying to get political, but it's hard not to discuss the situation without at least trying to gather what's happening at the top level.
In short, these moves are being made to get Powell to lower rates sooner than the Fed planned. True, not true, I don't know, but it's the only thing I can think of that makes any sense in here.
Thanks. Both sides have merit.
But let's leave it at that and not turn the stock thread into a political PSF thread.
Please let's drop this tangent here. Thanks.
Ilov80s
Footballguy
Yeah wtf, I looked at lunch and things were up. I check now and somehow we have back those gains and then some? Ugh
Northern Voice
Footballguy
Did it ever make sense to be up like it was? There hasn't really been a lot of true/verified great news the last few days, but it seems like if people sense a hint of some, they really want to jump on it/back into the market and those people are probably at least partially helping it from going a lot lower than it has so far.
General Malaise
Footballguy
Shorts could have gotten spooked and took some large gains driving up stocks in the morning. Subsequent news seems to reiterate the bad news with talk turning to a trade war between two of the world's biggest economies. So, IMO, I think short covering was a big driver this morning.
I'm up 5% on the SDOW/SQQQ trades.
GroveDiesel
Footballguy
It seemed a bit odd to me. There wasn’t any news that seemed to change things in a positive way for the market to have gone up so much in early trading.
GreenNGold
Footballguy
I only see this getting worse -- China is not going to back down and is going to respond again. Europe is working on retaliatory tariffs and will be announcing them soon as well.
Bob Sacamano
Footballguy
I'd just like to point out, once again, the company in the middle of a literal war zone... up 8.5%
Shorts could have gotten spooked and took some large gains driving up stocks in the morning. Subsequent news seems to reiterate the bad news with talk turning to a trade war between two of the world's biggest economies. So, IMO, I think short covering was a big driver this morning.
I'm up 5% on the SDOW/SQQQ trades.
Bob Sacamano
Footballguy
Trying to think through things a little more globally. What are some players that might not be overly-impacted by the tariffs AND that I want to be in anyway?
I'm thinking about adding to MELI here. Or at least keeping an eye on it and seeing if there's a further dip. Someone keep my thought process honest here, but an e-commerce giant in Latin America that kind of acts as that region's Amazon, ebay, and paypal shouldn't see much in the way of specific tariff impacts or US recession impacts. Global recession is obviously a concern, but beyond that, I'm struggling to find the downside for them here, beyond what existed previously.
I'm thinking about adding to MELI here. Or at least keeping an eye on it and seeing if there's a further dip. Someone keep my thought process honest here, but an e-commerce giant in Latin America that kind of acts as that region's Amazon, ebay, and paypal shouldn't see much in the way of specific tariff impacts or US recession impacts. Global recession is obviously a concern, but beyond that, I'm struggling to find the downside for them here, beyond what existed previously.
General Malaise
Footballguy
I could be talked into this one.
And by one, I mean literally like....one. MAYBE 2 shares.
Bob Sacamano
Footballguy
lol
It's the kind of thing I'd probably sell some puts on if, you know, that wasn't half a million dollars.
It's the kind of thing I'd probably sell some puts on if, you know, that wasn't half a million dollars.
Northern Voice
Footballguy
Rivian is apparently one of the least impacted US auto manufacturers by the tariffs - for typical US autos, 40-45% of overall vehicle mix is Canada/Mexico made, for Rivian it is closer to 20%. Plus their vehicles are 100% assembled in the USA and only sold in USA and Canada - and Canada is very out on Tesla right now.
The big question is whether they are actually in strong enough to position to take advantage, with already narrow profits that will be somewhat affected by the aluminum tariffs and the fact that they're expensive and people may not buy expensive cars in the same volume for the next little while.
I want to be in on them but I can also see the potential warning signs.
ghostguy123
Footballguy
Up 3, down 3. Sure why not.
Lesson learned, alcohol is bad. Took a nap earlier half hung over. Prior to nap thought "I should sell this 20 grand of stuff in my Roth and buy a bunch of UVXY, but I'll sleep on it cause I can barely think straight".
Wake up to all those gains gone.
Big swing for me there.
Actually, I better drink again tonight and act on my foggy thoughts tomorrow.
Lesson learned, alcohol is bad. Took a nap earlier half hung over. Prior to nap thought "I should sell this 20 grand of stuff in my Roth and buy a bunch of UVXY, but I'll sleep on it cause I can barely think straight".
Wake up to all those gains gone.
Big swing for me there.
Actually, I better drink again tonight and act on my foggy thoughts tomorrow.
Ridgeback
Footballguy
Congrats on locking in those gains!
NajehHejan
Footballguy
Guess who now owns a crapton of SOXL at 9.25 average?
dancingbones
Footballguy
Tried to submit a transaction to move 25% of remaining cash in my 401K back into S&P - but was thwarted with this message:
"Due to plan level transactions that are currently processing, participant level web transactions such as account rebalancing, fund to fund transfers, distributions, etc. may be temporarily unavailable. If you are unable to submit your requested transaction, please wait 24 hours and try again."
We'll see if the tech gremlins are looking out for me or if they have it in for me - 24 hours is an ETERNITY nowadays!
"Due to plan level transactions that are currently processing, participant level web transactions such as account rebalancing, fund to fund transfers, distributions, etc. may be temporarily unavailable. If you are unable to submit your requested transaction, please wait 24 hours and try again."
We'll see if the tech gremlins are looking out for me or if they have it in for me - 24 hours is an ETERNITY nowadays!
Where? I didn't see a lot of spiking or celebrating here.
General Malaise
Footballguy
Probably all those other message boards out there that you tell us exist when this one isn't the right one for us.
I kid, I kid!
McBokonon
Footballguy
"Out there." Twitter and whatnot. I have a large financial list and many of the ones who are aligned a particular way were "I told you so-ing" all over the place.
General Malaise
Footballguy
I'd just like to point out, once again, the company in the middle of a literal war zone... up 8.5%
Shorts could have gotten spooked and took some large gains driving up stocks in the morning. Subsequent news seems to reiterate the bad news with talk turning to a trade war between two of the world's biggest economies. So, IMO, I think short covering was a big driver this morning.
I'm up 5% on the SDOW/SQQQ trades.
10.8% with news hitting after the close that rebels are backing out of the area and operations might resume. This hit Bloomberg minutes ago - management was asked about this for the story, but declined comment. In a sea of bad news, this represents a pool noodle of hope.
General Malaise
Footballguy
Reddit had a fair amount of ball spikers early in the day.
