identikit Posted May 13 Share Posted May 13 (edited) 4 hours ago, eoMMan said: Yeah, I really don't understand RIOT and MARA. I bought in the low 50s a few weeks back. Yikes. At this point, I won't add more but will probably hang on for a long time. You can add SI to this list too. Up almost 14% today, with BTC solid in the red. No rhyme or reason. Edited May 13 by identikit Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 13 Share Posted May 13 7 minutes ago, identikit said: You can add SI to this list too. Up almost 14% today, with BTC solid in the red. No rhyme or reason. Umm, Facebook chose them to handle all of their Diem coin transactions and such. That was big news for SI. 2 Quote Link to comment Share on other sites More sharing options...
identikit Posted May 13 Share Posted May 13 Just now, stbugs said: Umm, Facebook chose them to handle all of their Diem coin transactions and such. That was big news for SI. I like that rhyme. Thanks. It's done the same as today in the past, with seemingly no news. Lots of times. Or maybe I missed it then too. Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 13 Share Posted May 13 29 minutes ago, identikit said: I like that rhyme. Thanks. It's done the same as today in the past, with seemingly no news. Lots of times. Or maybe I missed it then too. I rhymed? Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 13 Share Posted May 13 Just now, stbugs said: I rhymed? I was confused by that, too l, but figured I was just tired. Quote Link to comment Share on other sites More sharing options...
identikit Posted May 13 Share Posted May 13 41 minutes ago, identikit said: You can add SI to this list too. Up almost 14% today, with BTC solid in the red. No rhyme or reason. Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 13 Share Posted May 13 Just read a very interesting article on Cramer’s web site (rev shark dude) saying that he thought that maybe the ARK funds were driving a lot of the price drops recently, which might be a good call. He even brought up my darling UPST as crushing earnings and yet being below where it was before earnings and being an ARK holding. Wondering if the massive outflows are causing pressure because so much money had poured into them during the run up. Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 13 Share Posted May 13 1 minute ago, identikit said: I was thinking it was a reason. Quote Link to comment Share on other sites More sharing options...
identikit Posted May 13 Share Posted May 13 2 minutes ago, stbugs said: I was thinking it was a reason. You win. 1 Quote Link to comment Share on other sites More sharing options...
pecorino Posted May 13 Share Posted May 13 2 hours ago, GoBirds said: BABA ? Is it on sale or falling knife? Yes 1 Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 13 Share Posted May 13 7 minutes ago, identikit said: You win. I did re-read my post a few times. Quote Link to comment Share on other sites More sharing options...
identikit Posted May 13 Share Posted May 13 1 minute ago, stbugs said: I did re-read my post a few times. Ummm, ok Quote Link to comment Share on other sites More sharing options...
FreeBaGeL Posted May 13 Share Posted May 13 17 minutes ago, stbugs said: Just read a very interesting article on Cramer’s web site (rev shark dude) saying that he thought that maybe the ARK funds were driving a lot of the price drops recently, which might be a good call. He even brought up my darling UPST as crushing earnings and yet being below where it was before earnings and being an ARK holding. Wondering if the massive outflows are causing pressure because so much money had poured into them during the run up. Not sure I'm understanding this correctly. Was he saying the Ark funds are exiting those positions and that is causing the price drops? Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 13 Share Posted May 13 Just now, FreeBaGeL said: Not sure I'm understanding this correctly. Was he saying the Ark funds are exiting those positions and that is causing the price drops? I think that when there’s a massive drop in ETF’s, they take the individual stocks with them. Happens every day, it’s why everything tends to move in tandem. 2 1 Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 13 Share Posted May 13 35 minutes ago, McBokonon said: I think that when there’s a massive drop in ETF’s, they take the individual stocks with them. Happens every day, it’s why everything tends to move in tandem. Yep, that was exactly what he was insinuating. 1 Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted May 13 Share Posted May 13 2 minutes ago, stbugs said: Yep, that was exactly what he was insinuating. Why would he be insulating now that winter is over? Quote Link to comment Share on other sites More sharing options...
ericttspikes Posted May 13 Share Posted May 13 Revenge of the hedge funds. Just kept pressing their bets until they paid off. So basically the short bet is that the Fed is wrong or they know they're lying? I mean, Powell already said in April that's rate increases "highly unlikely" and the Vice Chair reiterated this week. Treasury yields went up .04%? European bond yields went above zero? That doesn't seem to telegraph doomsday inflation coming soon. I have a crap ton of bonds and the yield isn't getting me excited to buy more. Still not really excited to even hold. I think the crash of growth was the perfect storm of purposeful stoking of inflation panic (which is really demand-pull inflation), slow buying time of the year and a historic run up in growth. Everything growthy being sold. Baby with the bathwater. A stock like OPEN has been obliterated, and is still being obliterated. If we're truly entering a period of high inflation, housing usually does well. Not to mention new home starts have to be mega expensive right now. But it's about future earnings? BNTX just saved the world and has been sold off too. Should earn a ridiculous $66 a share this year and close to $90 a share next year. So in some cases it isn't about earnings either. Pandemic ended today in the US. Trillions of $ sloshing around. Not sure how much lower things go, but I gotta think these hedge fund jabronies will get burned at some point sooner than later. Dunno. Riding the coaster down and adding in small chunks in names I have conviction in. 1 Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 13 Share Posted May 13 4 hours ago, Swaymoney said: No kidding, I jumped in at about 180 too! ABNB has a lockup expiration on Monday - best time to buy might be after that. Quote Link to comment Share on other sites More sharing options...
pecorino Posted May 13 Share Posted May 13 1 hour ago, pecorino said: Yes A bit more here. I like BABA long term especially now that it is near its 52-week low. I may buy some long term (think 1 year) in the money calls on Friday. 1 Quote Link to comment Share on other sites More sharing options...
Todem Posted May 13 Share Posted May 13 1 minute ago, pecorino said: A bit more here. I like BABA long term especially now that it is near its 52-week low. I may buy some long term (think 1 year) in the money calls on Friday. Agree here. The multiple is is really low for a growth company like this with practically zero debt. A screaming buy for a long term investor at these levels. 2 Quote Link to comment Share on other sites More sharing options...
KGB Posted May 14 Share Posted May 14 10 hours ago, beef said: I'm holding and DCA'd a little, but still down 43%. Going to ride it out until earnings, 5/17. If they miss, I'm fully prepared to to see this one go to the teens. If they hit on earnings and it jumps, I'm GTFO!!! Who am I kidding. We may see teens before earnings. Single digits if it misses. Fingers crossed buddy. 1 Quote Link to comment Share on other sites More sharing options...
Desert_Power Posted May 14 Share Posted May 14 4 hours ago, FreeBaGeL said: 4 hours ago, stbugs said: Just read a very interesting article on Cramer’s web site (rev shark dude) saying that he thought that maybe the ARK funds were driving a lot of the price drops recently, which might be a good call. He even brought up my darling UPST as crushing earnings and yet being below where it was before earnings and being an ARK holding. Wondering if the massive outflows are causing pressure because so much money had poured into them during the run up. Not sure I'm understanding this correctly. Was he saying the Ark funds are exiting those positions and that is causing the price drops? I read it that outflows from the fund itself are causing the fund to reduce positions to make redemption. This, in turn, creates more selling pressure to the names in their fund. This one of those things, like Softbank and r/wsb piling into long dated tech options last August, that makes sense in retrospect. Unfortunately, inflow/outflow data like this is always lagged. Quote Link to comment Share on other sites More sharing options...
Desert_Power Posted May 14 Share Posted May 14 2 hours ago, Todem said: 2 hours ago, pecorino said: A bit more here. I like BABA long term especially now that it is near its 52-week low. I may buy some long term (think 1 year) in the money calls on Friday. Agree here. The multiple is is really low for a growth company like this with practically zero debt. A screaming buy for a long term investor at these levels. It does seem about that time on BABA.... Quote Link to comment Share on other sites More sharing options...
Dr. Octopus Posted May 14 Share Posted May 14 14 hours ago, stbugs said: I rhymed? more like a haiku 1 Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 14 Share Posted May 14 8 minutes ago, Dr. Octopus said: more like a haiku Tech is the future Inflation fears overblown Stocks crushed anyway 8 2 Quote Link to comment Share on other sites More sharing options...
beef Posted May 14 Share Posted May 14 You should buy the dip Forget about it, go long Because stonks go up 5 Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted May 14 Share Posted May 14 Stonks are a nut punch Fidelity or TD? Gamma Squeeze baby 3 1 Quote Link to comment Share on other sites More sharing options...
culdeus Posted May 14 Share Posted May 14 I mean the end of stimmy monies was predictable. There is so much money now in consumer hands, spending is crazy, everywhere you look houses are going for over list, you can't get a boat for a year out. People are paying near list for used campers. I see this as a buying opportunity. 1 Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted May 14 Share Posted May 14 OROCO with a new 52 week high...Don't be afraid of success people. 1 Quote Link to comment Share on other sites More sharing options...
Caveman33 Posted May 14 Share Posted May 14 (edited) 14 hours ago, pecorino said: A bit more here. I like BABA long term especially now that it is near its 52-week low. I may buy some long term (think 1 year) in the money calls on Friday. Thanks for mentioning BABA. I took a quick look and agree that it is a solid opportunity. I don't know enough about the downside risk to feel comfortable holding shares but I put in an order for a few Jun18 $230 calls at 1.65. Edited May 14 by Caveman33 Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 14 Share Posted May 14 9 minutes ago, Caveman33 said: Thanks for mentioning BABA. I took a quick look and agree that it is a solid opportunity. I don't know enough about the downside risk to feel comfortable holding shares but I put in an order for a few Jun18 $230 calls at 1.65. The only real downside risk is just general China nonsense - probably the only reason it’s so cheap. This thing looks ready to go for its next big leg up, too. I have a lot of it in my Emerging Markets fund in my 401k plus it’s in a general large cap fund. If I wasn’t already #### deep in SE I’d jump in, too. 1 Quote Link to comment Share on other sites More sharing options...
BroadwayG Posted May 14 Share Posted May 14 Good to see all these 3-5% jumps in stocks I own. All it cost me was a 40-50% drop to get there. 6 3 1 3 3 Quote Link to comment Share on other sites More sharing options...
stbugs Posted May 14 Share Posted May 14 I just don’t get it all. I should have bought more UPST yesterday but the ridiculous movements every day are crazy. I know I’m having a nice day but dear lord I couldn’t imagine being a day trader. Maybe this ideal for that but man it’s so damn volatile which makes it harder since I’ve been way busier lately. I don’t know how you guys do the trading every day. Quote Link to comment Share on other sites More sharing options...
2Squirrels1Nut Posted May 14 Share Posted May 14 You can keep your stocks Crazy crypto currency God gave me vodka 2 2 Quote Link to comment Share on other sites More sharing options...
identikit Posted May 14 Share Posted May 14 About time, DKNG 2 1 Quote Link to comment Share on other sites More sharing options...
GROOT Posted May 14 Share Posted May 14 AMC over 14 now 1 Quote Link to comment Share on other sites More sharing options...
nysfl2 Posted May 14 Share Posted May 14 On 5/12/2021 at 4:14 PM, General Malaise said: We open red again tomorrow, much agony will follow, woeful posts in here but by the time the east coast crowd starts eating Ramen for lunch because 3-Martini lunches are no longer in the budget, stocks will reverse course and finish green. Friday will be a bigly up day and we'll all go into the weekend feeling like Judge Smails. Note to self: listen to this guy. He seems to :knowthings: 1 Quote Link to comment Share on other sites More sharing options...
ericttspikes Posted May 14 Share Posted May 14 27 minutes ago, BroadwayG said: Good to see all these 3-5% jumps in stocks I own. All it cost me was a 40-50% drop to get there. Green Fridays are little consolation to getting kicked in the nuts M-Th. 3 Quote Link to comment Share on other sites More sharing options...
pecorino Posted May 14 Share Posted May 14 1 hour ago, Caveman33 said: Thanks for mentioning BABA. I took a quick look and agree that it is a solid opportunity. I don't know enough about the downside risk to feel comfortable holding shares but I put in an order for a few Jun18 $230 calls at 1.65. I like that play, the options seem cheap given where BABA was recently. I may tail you. However, I was thinking of a safer play with less potential reward, June 2022 calls with $160 strike price for roughly $60. I'm afraid that June 2021 is just too soon to see that kind of move, but if you get one explosive day, you could easily double-up, sell half your position and free roll the rest. Bold, and cheaply priced on a solid non-dividend paying name--my kind of speculation. Quote Link to comment Share on other sites More sharing options...
pecorino Posted May 14 Share Posted May 14 22 hours ago, pecorino said: Deep discounts today on ETHE, CLOV, DKNG. I'm a buyer. Selling ETHE, CLOV and DKNG today. 2 Quote Link to comment Share on other sites More sharing options...
kevzilla Posted May 14 Share Posted May 14 How 'bout a Fresca? 3 Quote Link to comment Share on other sites More sharing options...
General Malaise Posted May 14 Share Posted May 14 1 hour ago, nysfl2 said: Note to self: listen to this guy. He seems to :knowthings: Not really. I had yesterday pegged entirely wrong. But, let's finish Friday green, yo! 1 Quote Link to comment Share on other sites More sharing options...
JAA Posted May 14 Share Posted May 14 17 hours ago, BassNBrew said: 17 hours ago, stbugs said: Yep, that was exactly what he was insinuating. Why would he be insulating now that winter is over? winter is coming 1 Quote Link to comment Share on other sites More sharing options...
JAA Posted May 14 Share Posted May 14 17 hours ago, ericttspikes said: Revenge of the hedge funds. Just kept pressing their bets until they paid off. So basically the short bet is that the Fed is wrong or they know they're lying? I mean, Powell already said in April that's rate increases "highly unlikely" and the Vice Chair reiterated this week. Treasury yields went up .04%? European bond yields went above zero? That doesn't seem to telegraph doomsday inflation coming soon. I have a crap ton of bonds and the yield isn't getting me excited to buy more. Still not really excited to even hold. I think the crash of growth was the perfect storm of purposeful stoking of inflation panic (which is really demand-pull inflation), slow buying time of the year and a historic run up in growth. Everything growthy being sold. Baby with the bathwater. A stock like OPEN has been obliterated, and is still being obliterated. If we're truly entering a period of high inflation, housing usually does well. Not to mention new home starts have to be mega expensive right now. But it's about future earnings? BNTX just saved the world and has been sold off too. Should earn a ridiculous $66 a share this year and close to $90 a share next year. So in some cases it isn't about earnings either. Pandemic ended today in the US. Trillions of $ sloshing around. Not sure how much lower things go, but I gotta think these hedge fund jabronies will get burned at some point sooner than later. Dunno. Riding the coaster down and adding in small chunks in names I have conviction in. If there is so much cash around, why wouldnt we see much more stock by-back? Heck, why wouldnt some companies go private if they feel the market isnt treating them well? I think the answer is everyone really knows they are still over valued, that the market is over valued. Quote Link to comment Share on other sites More sharing options...
urbanhack Posted May 14 Share Posted May 14 3 minutes ago, General Malaise said: Not really. I had yesterday pegged entirely wrong. But, let's finish Friday green, yo! IN MORE WAYS THAN ONE! 1 2 1 Quote Link to comment Share on other sites More sharing options...
McBokonon Posted May 14 Share Posted May 14 36 minutes ago, urbanhack said: IN MORE WAYS THAN ONE! Could have made the same joke with "pegged" imo 1 1 Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted May 14 Share Posted May 14 48 minutes ago, General Malaise said: I had yesterday pegged entirely wrong. IN MORE WAYS THAN ONE! 1 1 Quote Link to comment Share on other sites More sharing options...
General Malaise Posted May 14 Share Posted May 14 1 minute ago, Bob Sacamano said: IN MORE WAYS THAN ONE! Not liking this permanent ban for WetDream. 4 Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted May 14 Share Posted May 14 1 minute ago, General Malaise said: Not liking this permanent ban for WetDream. Right?!? Talk to your buddy. Quote Link to comment Share on other sites More sharing options...
ericttspikes Posted May 14 Share Posted May 14 1 hour ago, JAA said: If there is so much cash around, why wouldnt we see much more stock by-back? Heck, why wouldnt some companies go private if they feel the market isnt treating them well? I think the answer is everyone really knows they are still over valued, that the market is over valued. You mean growthy tech stocks haven't been buying back shares? I thought stock buy backs were way down last year when the pandemic hit and started back up this year. Apple had a huge buyback in Q1. Darden, BAC, Johnson Controls, Ebay, Office Depot, Yum and Walmart recently announced buy backs. Doesn't mean things are or aren't over valued, but I'm pretty sure companies have resumed buying back shares this year. I thought I read that stock buy backs were up 30% this year over last year, but maybe not. Not really sure. 1 Quote Link to comment Share on other sites More sharing options...
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