stbugs Posted November 29, 2021 Share Posted November 29, 2021 4 minutes ago, 2Squirrels1Nut said: Oh boy. Let’s get it on! Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted November 29, 2021 Share Posted November 29, 2021 7 minutes ago, stbugs said: Newb. Ahhh...so you don't know either. Quote Link to comment Share on other sites More sharing options...
stbugs Posted November 29, 2021 Share Posted November 29, 2021 3 minutes ago, BassNBrew said: Ahhh...so you don't know either. Exactly! Actually, I think the futures are actual contracts you can trade off hours and that’s what you are seeing. Those futures aren’t actually tied to all the stocks in the indexes. I mean the stocks obviously drive the index price during regular sessions but the futures are like buying oil or commodity contracts/futures. I have zero clue where you’d actually trade the futures but I think that’s why they change values outside of the market. Quote Link to comment Share on other sites More sharing options...
Nugget Posted November 29, 2021 Share Posted November 29, 2021 (edited) 1 hour ago, BassNBrew said: WTF are futures based on when individual stocks aren't trading. Can’t you trade option contracts 24/7? eta: guess you could trade stocks as well on foreign markets, at least the bigger stocks. Edited November 29, 2021 by Nugget More thoughts. Quote Link to comment Share on other sites More sharing options...
culdeus Posted November 29, 2021 Share Posted November 29, 2021 1 hour ago, BassNBrew said: WTF are futures based on when individual stocks aren't trading. Pork bellies. Quote Link to comment Share on other sites More sharing options...
McBokonon Posted November 29, 2021 Share Posted November 29, 2021 1 hour ago, BassNBrew said: WTF are futures based on. Dumb luck and nepotism, mostly 2 1 Quote Link to comment Share on other sites More sharing options...
Warrior Posted November 29, 2021 Share Posted November 29, 2021 8 hours ago, GreenNGold said: Sitting on cash and waiting for some inevitable dip is normally the wrong move as often the market will be higher even after the dip than it is now. Unless you time the dip perfectly, being early is the same as being wrong. The economy is super strong and the market is just going to keep going up. People have been waiting for the dip for 10+ years now. You must be new here. The consensus in this thread is that timing the market is easy and predictable. Which is why so many here talk about their cash hordes months on end while they slowly bleed $ to inflation and consistently under perform the market because "the big one" is always on the horizon. I stopped trying to lead them to water a long time ago. Quote Link to comment Share on other sites More sharing options...
beef Posted November 29, 2021 Share Posted November 29, 2021 (edited) Futures = E-minis = CME Group. "The biggest financial exchange you have never heard of." HQ in Chicago, so absolutely no shady business going on at all there. Edited November 29, 2021 by beef Quote Link to comment Share on other sites More sharing options...
identikit Posted November 29, 2021 Share Posted November 29, 2021 I love this thread Quote Link to comment Share on other sites More sharing options...
BassNBrew Posted November 29, 2021 Share Posted November 29, 2021 Should I sell the Moderna I bought 3 weeks ago at $230 with the cash hordes I had at the time? Anyone else thinking about cashing in here? Quote Link to comment Share on other sites More sharing options...
beef Posted November 29, 2021 Share Posted November 29, 2021 Anyone know of any good triple leveraged Christmas tree commodity ETFs? 1 Quote Link to comment Share on other sites More sharing options...
McBokonon Posted November 29, 2021 Share Posted November 29, 2021 Jack stepping down at Twitter presumably to focus on $SQ, bitcoin, and completing his transformation into Howard Hughes. 1 Quote Link to comment Share on other sites More sharing options...
beef Posted November 29, 2021 Share Posted November 29, 2021 2 minutes ago, BassNBrew said: Should I sell the Moderna I bought 3 weeks ago at $230 with the cash hordes I had at the time? Anyone else thinking about cashing in here? Some people believe selling stock means you must be building an even bigger cash horde for the massive end game collapse of all collapses. Of course that must be it. Because taking profits when you're up 60% in a few weeks makes no f'n sense at all. Might as well just sell your soul too you cash hoarder! Nice call grabbing MRNA when you did. I don't have any, but hard not to trim a bit when its up 12%+ in a day. Quote Link to comment Share on other sites More sharing options...
identikit Posted November 29, 2021 Share Posted November 29, 2021 58 minutes ago, beef said: Some people believe selling stock means you must be building an even bigger cash horde for the massive end game collapse of all collapses. Of course that must be it. Because taking profits when you're up 60% in a few weeks makes no f'n sense at all. Might as well just sell your soul too you cash hoarder! Nice call grabbing MRNA when you did. I don't have any, but hard not to trim a bit when its up 12%+ in a day. I almost pulled the trigger on buying this a couple weeks ago Quote Link to comment Share on other sites More sharing options...
tonydead Posted November 29, 2021 Share Posted November 29, 2021 13 hours ago, GreenNGold said: Sitting on cash and waiting for some inevitable dip is normally the wrong move as often the market will be higher even after the dip than it is now. Unless you time the dip perfectly, being early is the same as being wrong. The economy is super strong and the market is just going to keep going up. People have been waiting for the dip for 10+ years now. If you're long (waiting years for a dip) you must have blinked and missed March of 2020. Quote Link to comment Share on other sites More sharing options...
beef Posted November 29, 2021 Share Posted November 29, 2021 Starting up a position in TNA. Quote Link to comment Share on other sites More sharing options...
GoBirds Posted November 29, 2021 Share Posted November 29, 2021 To buy or wait for more blood. 🤔 Quote Link to comment Share on other sites More sharing options...
identikit Posted November 29, 2021 Share Posted November 29, 2021 35 minutes ago, beef said: Starting up a position in TNA. Been in this one since 6/1/21 Down 10+ % Hope today is the bottom.. Quote Link to comment Share on other sites More sharing options...
beef Posted November 29, 2021 Share Posted November 29, 2021 6 minutes ago, identikit said: Been in this one since 6/1/21 Down 10+ % Hope today is the bottom.. That's what I'm betting on. TNA crossed into Oversold territory as it's dipped below the 50 & 200 DMA. But I'll be ready to buy more if it's not. Also not concerned if I have to sit on this for a quarter or two. Back in August when it was in the 70's I regretted not getting back in. Thought about it, but got greedy waiting for a bigger dip. Not doing that this time. Quote Link to comment Share on other sites More sharing options...
Desert_Power Posted November 29, 2021 Share Posted November 29, 2021 1 hour ago, beef said: Starting up a position in TNA. Let's keep it PG in here guy Quote Link to comment Share on other sites More sharing options...
Todem Posted November 29, 2021 Share Posted November 29, 2021 14 hours ago, GreenNGold said: Sitting on cash and waiting for some inevitable dip is normally the wrong move as often the market will be higher even after the dip than it is now. Unless you time the dip perfectly, being early is the same as being wrong. The economy is super strong and the market is just going to keep going up. People have been waiting for the dip for 10+ years now. I am only 30% cash and 70% invested. Been managing my money for over 34 years. It is rare when I build this much cash…..so that should tell you something. I have only done this 3 times in the last 20 years. This will be my fourth time in 20 years being in this much cash. I will be fine. I only caught a true bottom between March 16-23rd in 2020 In 2002 we were a tad early as well as in 2008/09 but we did extremely well having some powder while staying mostly invested. I never met anyone who was poor for taking profits and sitting in some cash awaiting an inevitable pullback which never gets away from me as I buy aggressively when I feel like the market is in capitulation. Staying fully invested is also a great long term strategy and I will never argue it’s not. Especially when you are 100% mutual funds. Just understand I am bringing a professional money manager perspective here and again…..taking profits is never a bad idea. I never said get out of the market. Just reduce some exposure to both stocks and bonds here as we enter 2022 and the inevitable change in monetary policy. I am early….I have said as much….and I am sure I won’t catch a bottom….but I will get great value next year at some point and that is my tactical strategy. Especially with new money as well. I know the economy is strong….I don’t think you read a lot of my previous posts laying out exactly what I am thinking and why I am doing it. This is not a hunch. We are about to pump the brakes on this red hot economy…..because if Powell and the Fed don’t inflation will overrun the economy. A lot of people don’t understand what monetary policy and all this stimulus maybe doing and it will blindside amateur investors chasing high flying stocks. When that happens a panic sets in and people start dumping S&P top ETF’s QQQ’s and indiscriminate selling begins to meet redemptions. A classic and normal and overdue correction. It will be fast…..and then the market will resume another bull run. And if I am wrong the money will go back to work anyway. Time will tell…..but Friday should be a quick reminder just how fast it can unravel when it gains steam and snowballs. That was just a taste. 5 5 1 Quote Link to comment Share on other sites More sharing options...
Sand Posted November 29, 2021 Share Posted November 29, 2021 50 minutes ago, Todem said: Time will tell…..but Friday should be a quick reminder just how fast it can unravel when it gains steam and snowballs. That was just a taste. You could hear the leverage unwinding. Those numbers are quite high these days. I wonder what percentage of that is retail traders. I use margin to get around the 3 day settling rules, but never actually carry leverage. I wonder how many do. 2 Quote Link to comment Share on other sites More sharing options...
2Squirrels1Nut Posted November 29, 2021 Share Posted November 29, 2021 2 hours ago, Todem said: I am only 30% cash and 70% invested. Been managing my money for over 34 years. It is rare when I build this much cash…..so that should tell you something. I have only done this 3 times in the last 20 years. This will be my fourth time in 20 years being in this much cash. I will be fine. I only caught a true bottom between March 16-23rd in 2020 In 2002 we were a tad early as well as in 2008/09 but we did extremely well having some powder while staying mostly invested. I never met anyone who was poor for taking profits and sitting in some cash awaiting an inevitable pullback which never gets away from me as I buy aggressively when I feel like the market is in capitulation. Staying fully invested is also a great long term strategy and I will never argue it’s not. Especially when you are 100% mutual funds. Just understand I am bringing a professional money manager perspective here and again…..taking profits is never a bad idea. I never said get out of the market. Just reduce some exposure to both stocks and bonds here as we enter 2022 and the inevitable change in monetary policy. I am early….I have said as much….and I am sure I won’t catch a bottom….but I will get great value next year at some point and that is my tactical strategy. Especially with new money as well. I know the economy is strong….I don’t think you read a lot of my previous posts laying out exactly what I am thinking and why I am doing it. This is not a hunch. We are about to pump the brakes on this red hot economy…..because if Powell and the Fed don’t inflation will overrun the economy. A lot of people don’t understand what monetary policy and all this stimulus maybe doing and it will blindside amateur investors chasing high flying stocks. When that happens a panic sets in and people start dumping S&P top ETF’s QQQ’s and indiscriminate selling begins to meet redemptions. A classic and normal and overdue correction. It will be fast…..and then the market will resume another bull run. And if I am wrong the money will go back to work anyway. Time will tell…..but Friday should be a quick reminder just how fast it can unravel when it gains steam and snowballs. That was just a taste. Bought 5, $20.00, 1/21/22 SPXS calls at $0.99 each for some protection. Quote Link to comment Share on other sites More sharing options...
Bob Sacamano Posted November 29, 2021 Share Posted November 29, 2021 Holy mother of Matterport 4 Quote Link to comment Share on other sites More sharing options...
beef Posted November 29, 2021 Share Posted November 29, 2021 5 minutes ago, Bob Sacamano said: Holy mother of Matterport I'm almost at another dinger before I finished rounding the bases on the first one. 1 Quote Link to comment Share on other sites More sharing options...
identikit Posted November 29, 2021 Share Posted November 29, 2021 1 hour ago, beef said: I'm almost at another dinger before I finished rounding the bases on the first one. Missed getting on this train again... 1 Quote Link to comment Share on other sites More sharing options...
pecorino Posted November 30, 2021 Share Posted November 30, 2021 On 7/19/2021 at 11:14 AM, Capella said: Anybody heard of KULR? I have a buddy who is a financial advisor (mentioned him months ago, very passive) and he went heavy on this. Said he thinks it will pay for his kid’s college one day etc etc. 2 bucks a share now so I bought a handful of shares to just follow it but curious if anybody else here has this one. KULR! Up 50% since this post. 3 2 Quote Link to comment Share on other sites More sharing options...
Capella Posted November 30, 2021 Share Posted November 30, 2021 1 hour ago, pecorino said: KULR! Up 50% since this post. Yea I’m up 61%. Sometimes they work out 1 Quote Link to comment Share on other sites More sharing options...
Orange&Blue Posted November 30, 2021 Share Posted November 30, 2021 2 hours ago, pecorino said: KULR! Up 50% since this post. Number of short shares has gone up considerably....watch out. Quote Link to comment Share on other sites More sharing options...
Orange&Blue Posted November 30, 2021 Share Posted November 30, 2021 Futures looking red for tomorrow. Quote Link to comment Share on other sites More sharing options...
KGB Posted November 30, 2021 Share Posted November 30, 2021 1 hour ago, Orange&Blue said: Futures looking red for tomorrow. https://media.giphy.com/media/gXGaa25t82sXS/giphy.gif Quote Link to comment Share on other sites More sharing options...
2Squirrels1Nut Posted November 30, 2021 Share Posted November 30, 2021 10 hours ago, identikit said: Missed getting on this train again... Me too GB. Starting to feel like Mush. :( 1 Quote Link to comment Share on other sites More sharing options...
GoBirds Posted November 30, 2021 Share Posted November 30, 2021 5 hours ago, Orange&Blue said: Futures looking red for tomorrow. This will be an interesting day to watch and how much we give up if so. Quote Link to comment Share on other sites More sharing options...
beef Posted November 30, 2021 Share Posted November 30, 2021 Adding more NRGU. Thanks Omgipron. 1 1 Quote Link to comment Share on other sites More sharing options...
Nick Vermeil Posted November 30, 2021 Share Posted November 30, 2021 1 hour ago, beef said: Adding more NRGU. Thanks Omgipron. I did the same. 1 Quote Link to comment Share on other sites More sharing options...
identikit Posted November 30, 2021 Share Posted November 30, 2021 (edited) I keep chasing ATT down, thinking this must be the bottom Oy Edited November 30, 2021 by identikit 1 Quote Link to comment Share on other sites More sharing options...
humpback Posted November 30, 2021 Share Posted November 30, 2021 Oof. Quote Link to comment Share on other sites More sharing options...
McBokonon Posted November 30, 2021 Share Posted November 30, 2021 So I assume there’s a reaction to Powell’s (out of context) comment that we should retire the word “transitory.” I was watching and the context was that everybody is defining the word according to their own agendas so maybe we should stop using it altogether. Powell was obviously more tactful than that, though. Quote Link to comment Share on other sites More sharing options...
beef Posted November 30, 2021 Share Posted November 30, 2021 (edited) On 11/29/2021 at 10:41 AM, beef said: That's what I'm betting on. TNA crossed into Oversold territory as it's dipped below the 50 & 200 DMA. But I'll be ready to buy more if it's not. Also not concerned if I have to sit on this for a quarter or two. Back in August when it was in the 70's I regretted not getting back in. Thought about it, but got greedy waiting for a bigger dip. Not doing that this time. And more at 80.50 and now at 79. Edited November 30, 2021 by beef Quote Link to comment Share on other sites More sharing options...
Capella Posted November 30, 2021 Share Posted November 30, 2021 is there another variant now or something Quote Link to comment Share on other sites More sharing options...
Dwayne Hoover Posted November 30, 2021 Share Posted November 30, 2021 What just happened and how did it affect the uranium market Quote Link to comment Share on other sites More sharing options...
beef Posted November 30, 2021 Share Posted November 30, 2021 What's everyone fussin' about? UWMC is green. 3 Quote Link to comment Share on other sites More sharing options...
Nugget Posted November 30, 2021 Share Posted November 30, 2021 39 minutes ago, beef said: And more at 80.50 I sold my last bunch at 95, upset I didn't hold over $100 mark. Got back in at $83ish on Friday. Quote Link to comment Share on other sites More sharing options...
The General Posted November 30, 2021 Share Posted November 30, 2021 25 minutes ago, Dwayne Hoover said: What just happened and how did it affect the uranium market 44 minutes ago, Capella said: is there another variant now or something Link Quote Link to comment Share on other sites More sharing options...
McBokonon Posted November 30, 2021 Share Posted November 30, 2021 34 minutes ago, Capella said: is there another variant now or something Because some legislators have decided to define "transitory" as "immediately if not yesterday" to describe inflation so they can inflame their base, Powell suggested maybe they stop using the word to describe inflation since nobody is defining it the same way. News organizations have taken this interaction and created the headline "POWELL SAYS RETIRE WORD TRANSTORY" which makes it seem like he's changed his mind and that inflation is forever and we're going to be Zimbabwe soon. As a result, algorithms and dumb people are freaking out and selling everything so they can buy ammo, gold bullion from the guy on that one radio commercial, and MRE's. 3 2 1 Quote Link to comment Share on other sites More sharing options...
Capella Posted November 30, 2021 Share Posted November 30, 2021 6 minutes ago, McBokonon said: Because some legislators have decided to define "transitory" as "immediately if not yesterday" to describe inflation so they can inflame their base, Powell suggested maybe they stop using the word to describe inflation since nobody is defining it the same way. News organizations have taken this interaction and created the headline "POWELL SAYS RETIRE WORD TRANSTORY" which makes it seem like he's changed his mind and that inflation is forever and we're going to be Zimbabwe soon. As a result, algorithms and dumb people are freaking out and selling everything so they can buy ammo, gold bullion from the guy on that one radio commercial, and MRE's. I just love having tons of money invested in something controlled by algos and stupid people. 1 1 Quote Link to comment Share on other sites More sharing options...
Leeroy Jenkins Posted November 30, 2021 Share Posted November 30, 2021 On 11/29/2021 at 12:00 PM, Todem said: I am only 30% cash and 70% invested. Been managing my money for over 34 years. It is rare when I build this much cash…..so that should tell you something. I have only done this 3 times in the last 20 years. This will be my fourth time in 20 years being in this much cash. I will be fine. I only caught a true bottom between March 16-23rd in 2020 In 2002 we were a tad early as well as in 2008/09 but we did extremely well having some powder while staying mostly invested. I never met anyone who was poor for taking profits and sitting in some cash awaiting an inevitable pullback which never gets away from me as I buy aggressively when I feel like the market is in capitulation. Staying fully invested is also a great long term strategy and I will never argue it’s not. Especially when you are 100% mutual funds. Just understand I am bringing a professional money manager perspective here and again…..taking profits is never a bad idea. I never said get out of the market. Just reduce some exposure to both stocks and bonds here as we enter 2022 and the inevitable change in monetary policy. I am early….I have said as much….and I am sure I won’t catch a bottom….but I will get great value next year at some point and that is my tactical strategy. Especially with new money as well. I know the economy is strong….I don’t think you read a lot of my previous posts laying out exactly what I am thinking and why I am doing it. This is not a hunch. We are about to pump the brakes on this red hot economy…..because if Powell and the Fed don’t inflation will overrun the economy. A lot of people don’t understand what monetary policy and all this stimulus maybe doing and it will blindside amateur investors chasing high flying stocks. When that happens a panic sets in and people start dumping S&P top ETF’s QQQ’s and indiscriminate selling begins to meet redemptions. A classic and normal and overdue correction. It will be fast…..and then the market will resume another bull run. And if I am wrong the money will go back to work anyway. Time will tell…..but Friday should be a quick reminder just how fast it can unravel when it gains steam and snowballs. That was just a taste. So, I have a large sum of cash from some recent real estate transactions that are just sitting there . . . I was about to engage a financial advisor/planner with a large firm to invest on my behalf for retirement, mutual funds etc. (while setting some funds aside for single stocks on my own). Would you hold off on that until 2Q? Quote Link to comment Share on other sites More sharing options...
Desert_Power Posted November 30, 2021 Share Posted November 30, 2021 21 minutes ago, McBokonon said: As a result, algorithms and dumb people are freaking out and selling everything so they can buy ammo, gold bullion from the guy on that one radio commercial, and MRE's. Don't forget about bitcoin! Quote Link to comment Share on other sites More sharing options...
Desert_Power Posted November 30, 2021 Share Posted November 30, 2021 (edited) JETS now beneath their 52 week low it looks like? Time to start shopping maybe ETA: Bounced right off of it per yahoo Edited November 30, 2021 by Desert_Power 1 Quote Link to comment Share on other sites More sharing options...
beef Posted November 30, 2021 Share Posted November 30, 2021 33 minutes ago, Desert_Power said: JETS now beneath their 52 week low it looks like? Time to start shopping maybe ETA: Bounced right off of it per yahoo I started my position in JETS a little too early and did some DCA on it today. Feel like I'll be sitting on this one a while. 1 Quote Link to comment Share on other sites More sharing options...
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