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Stock Thread (15 Viewers)
- Thread starter St. Louis Bob
- Start date
steelerfan1
Footballguy
sold off SM as i didn't plan on it to be a long term hold and wanted some more cash if this continues for other positions. It was 1 of only a few green positions in my blood red portfolio...
JB Breakfast Club
Footballguy
Angry Beavers
Footballguy
i actually went to all cash a while ago and other than SIRI ( long term holding) and some play money in GME I am on the sideline relative to stocks.
I am HODL relative to my BTC and a little bit of DOGE. ( I know, it is a dog, but why not - dumber things have happened)
That all being said, the market is down, but not that bad - we are talking a point or less.. why all the doom and gloom?
I am HODL relative to my BTC and a little bit of DOGE. ( I know, it is a dog, but why not - dumber things have happened)
That all being said, the market is down, but not that bad - we are talking a point or less.. why all the doom and gloom?
John Kreese
Footballguy
FreeBaGeL
Footballguy
So apparently now the entire market moves at an exact 100% correlated inverse to the 10-year note (TNX). Like literally almost percent for percent during this whole move.
Yet in the whole big run-up almost no one mentioned that as the catalyst for the run-up. It's bizarre that this suddenly became the singular thing that drives the markets almost all on its own.
Yet in the whole big run-up almost no one mentioned that as the catalyst for the run-up. It's bizarre that this suddenly became the singular thing that drives the markets almost all on its own.
David Dodds
Administrator
I think the 19th makes the most sense, but I just want to clear the deck and have cash and GME to jump into any fire sales like we saw this past Friday.
It has been a day-trading gem so I will buy and sell each day with the goal of ending up with additional shares day to day. I have already realized massive gains in this stock and am nearly freerolling right now.
I could likely make a lot more money short term playing this like I played AMC moving giant blocks of shares on sells and buys, but I just don't want to miss the big jumps.
I am hoping this doesn't end on the 19th as it's been extremely profitable moving in and out.
Chadstroma
Footballguy
Remember when I explained that UWMC would dominate as rates increased? Today is a great example of that. They announced that they will be lowering their rates dramatically, added a competitive jumbo product, teased more tech in the future and told brokers that they must choose.... either them or Quicken/Rocket and Fairway. Most brokers will choose UWM and drop Rocket and Fairway versus drop UWM. Stock moved has been up since being down for a while.... still a buy in my view.
David Dodds
Administrator
Here is what I think is happening right now with regards to GME.
https://www.youtube.com/watch?v=ncq35zrFCAg
If everyone holds, We all win. These last two days in the market solidify my belief that retail will hold at least until $180/share. If this stock finishes higher than $150 on 3/5 or 3/19, it is literally game over as the call options likely start a gamma squeeze soon after.
At some point, these same naked shorts are going to switch sides and blast this past $800 a share. At that price, there are more call options than float essentially creating a situation where SEC or Congressional intervention will likely need to happen.
https://www.youtube.com/watch?v=ncq35zrFCAg
If everyone holds, We all win. These last two days in the market solidify my belief that retail will hold at least until $180/share. If this stock finishes higher than $150 on 3/5 or 3/19, it is literally game over as the call options likely start a gamma squeeze soon after.
At some point, these same naked shorts are going to switch sides and blast this past $800 a share. At that price, there are more call options than float essentially creating a situation where SEC or Congressional intervention will likely need to happen.
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I feel good when I’m three for three with Todem even before checking this board. The grasshopper is learning. (Though I’m more neutral on LMT—holding not buying)
Dwayne Hoover
Footballguy
So tired of hearing about GME. I really hope it tanks.
Yeah I'm bitter and all this tomfoolery with the market is not good
Yeah I'm bitter and all this tomfoolery with the market is not good
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McBokonon
Footballguy
Nigel
Footballguy
McBokonon
Footballguy
General Malaise
Footballguy
Wouldn't be the worst idea in the world to create a GME/AMC/Reddit STONKS thread like we did for CYDY. IMHO.
Capella
Footballguy
I agree. People were all reluctant to do that but imagine still talking cydy in here. Ended up being smart.
No ####. HFS I’m getting bludgeoned. Soon the old “I’m still way up from the start of 2020” won’t mean crap. Damn.
I will likely do a bit more nibbling. Some serious deals out there now.
jamny
Footballguy
Yup!
We're not selling our house until April. I wish it was now so I could send our FA some more money.
Capella
Footballguy
NajehHejan
Footballguy
Serious question - do folks think the ARK funds will eventually rebound like everything else, or have they jumped the shark? Are investors done with these cutting edge innovative companies?
fruity pebbles
Footballguy
Damn, down 26%. I think they rebound but it’s going to be awhile before they get the same inflows of money. A lot of people were under the impression they only go up and Cathie Woods was some kind of investing god. The ferocity of the drop was a wake up call.
jamny
Footballguy
I think what we're seeing is natural, expected and healthy.
What was will be again. Get ready to buy.
TripItUp
Footballguy
Now well past official correction territory intraday 11% off the ATH.Buckna said:
S&P 500 is starting to roll over as well. Was barely affected a little over a week ago, but now down almost 6% from the high.
Either looking at a good buying opportunity coming up or some “roosting!”
Desert_Power
Footballguy
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beef
Footballguy
I'm still green Q and F. Down a little in G. Riding them out. Cathie likes to look long and I'll stay long for her.
-OZ-
Footballguy
tuffnutt
Footballguy
-OZ-
Footballguy
Of course. I'm not even sure this is that significant. It's been a tough two weeks but we're still up 3% (VTI) YTD. And still up from the end of January.
FreeBaGeL
Footballguy
The market will rebound but the question is whether the same stuff that fell is what what drive the rebound. I tend to think yes but it's totally possible that a lot of this tech stuff that ran wildly will find a new base around this area or a little ways back, but still a long ways off the highs even as SPY recovers.
Capella
Footballguy
I dunno. I’m still of the belief we will have a hot 2021 once things gets reasonably re-opened so I am sticking with that until I have reason otherwise.
FreeBaGeL
Footballguy
Right but then the question is it all the re-opening stocks that make 2021 hot and the tech/stay at home stuff just sits down here? Not saying it will happen but there are plenty of scenarios where SPY goes back to constant new highs and stuff that a lot of us here own like TTD, CRSP, NNOX, NIO, etc etc etc only bounce back minimally and never get back near the highs.
One thing I've noticed with these last few days is that every time the market bounces back to a prior mark my account is still lower than when it was last at that mark. IE if SPY is at 385 then goes to 380 then back to 385 my account is still a fair bit lower than it was when it was sitting on 385 originally. A lot of stuff isn't bouncing much or at all with market moves up, but is certainly following the market down.
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ConstruxBoy
Kate's Daddy
I got out because I think they got too popular. Unlike a mutual fund, they can't stop taking money even if there is no where they really want to put it.
