Talking Stocks 2.0

[JParm]

Markets aren't taking the Fed news as well as initially thought, and I am still not buying in heavy droves here.

I think we might still have more downside to go.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

Markets aren't taking the Fed news as well as initially thought, and I am still not buying in heavy droves here.

I think we might still have more downside to go.

Agreed, I am looking at my list but would not be buying into tomorrow. I am waiting until next week

[SackLVG]

Interesting, been waiting for this day for a few weeks now but everything is so damn high. Feels like huge correction coming before earnings season in July. Just might dca banks and hotels.

[JParm]

With all of the new traders that have come into the market lately and have bought things due to FOMO, I wouldn't be surprised to see a major panic selloff and the possibility of hitting a circuit breaker.

Might be an extreme case, but just look at the swings that we've seen in the last week or so. Anything is possible with all the chasing going on.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

With all of the new traders that have come into the market lately and have bought things due to FOMO, I wouldn't be surprised to see a major panic selloff and the possibility of hitting a circuit breaker.

Might be an extreme case, but just look at the swings that we've seen in the last week or so. Anything is possible with all the chasing going on.

From a longer term view I would welcome some panic selling

There is far too much speculation and crazy trading in stocks with no value to be healthy.

[JParm]

Originally Posted by beshannon

From a longer term view I would welcome some panic selling

There is far too much speculation and crazy trading in stocks with no value to be healthy.

Agreed.

[Bearxj86]

Ouch time. While it will suck today, it will be nice to see some rebalancing action going. That's healthy.

[logo]

Quite a bit of sell off, which is nice to see. I have a few things on my watch list if the price is right, but I’m thinking today’s decline won’t quite get there so may need to wait until tomorrow or later. Only addition I’m really contemplating today is GOOGL - had them in the portfolio previously, sold at profit, now this dip might be nice before ascending past 1500. I think they are undervalued compared to the rest of tech currently.

[JParm]

https://www.cnbc.com/2020/06/11/trea...omy-again.html

Pre-market looked worse than what we're seeing now; this might have something to do with it.

I don't disagree with Mnuchin here.

[RyanO]

Originally Posted by jpeezy14@hotmail.com

https://www.cnbc.com/2020/06/11/trea...omy-again.html

Pre-market looked worse than what we're seeing now; this might have something to do with it.

I don't disagree with Mnuchin here.

I think that’s important, as closing down again sends us into a depression.

But, the fact that he’s already addressing this makes me somewhat nervous. Crazy how quickly sentiment changes.


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[JParm]

Own 22 stocks...of which only FSLY is green.

Can't say enough how much I like this stock. I've said it before (and do your own DD!), but this is one to own for the future.

[RyanO]

FSLY was a great recommendation. Looking to add if it pulls back a bit, otherwise may just have to bite the bullet and pay higher prices.


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[logo]

I like FSLY. Been eyeing them as well, but they’ve still got some consolidation to do I think, which is partly where the large swings have been coming from lately. On a P/S basis compared to its peers, I’m thinking around 42-45 is where it consolidates before supporting itself higher, which is where I’m aiming to buy.

NET, a related company, has been consolidating the past 3-4 weeks post earnings after a 60% climb the past quarter. Both have great long term value IMO.

[beshannon]

25,924.13
-1,065.86 (-3.95%)

Speculators meet woodshed

[JParm]

Originally Posted by beshannon

25,924.13
-1,065.86 (-3.95%)

Speculators meet woodshed

The margin calls will be something else for these people...

[beshannon]

Originally Posted by jpeezy14@hotmail.com

The margin calls will be something else for these people...

Yes and/or the flat out decline in values when they go to sell, much of this is due to fractional trading, etf's and small day traders ala Robinhood

[interestedwatcher]

Nice to see this - I was getting worried as we enter a recession that the markets are surging?

[Etschell]

Originally Posted by jpeezy14@hotmail.com

The margin calls will be something else for these people...

I was never one to feel sorry for people who trade on margin as 99 percent are day traders or speculators. It is the economic reality or risk associated with trading. Of course many traders fail ultimately for a variety of reasons one being the dreaded margin call. The lesson is usually a hard one. Also novice traders dont understand risk variance and option premiums. Getting 6x leverage can be a great thing but ya know when the trade goes bad it can result in owing the clearing house money.

Options are normally, by hedge funds and banks, used to hedge against a larger underlying position ie insurance. I'm guessing most new traders have no idea what the perfect hedge means.

People tend to forget what the largest casino in the world is.

The market is over valued by any traditional metric except one. The amount of money supply increase. Where else is it supposed to go when rates are low, real estate has slowed and business investment has slowed along with CAPx.

RH traders have decided to funnel in free money. Question is simple. Have the boomers shifted out of equities and transferred ownership? Maybe but not enough to move the needle as companies themselves are the largest buyers of equities since the GFC.

[JParm]

Continuing to inch towards that first CB. Skyrocket up, skyrocket down.

[beshannon]

Right back to 3050 where I started to worry, next stop if that does not hold is back to 2850, right in the middle of the range we held for several weeks

[jaisonline]

Many RH users are going to go full panic when experiencing their first true Bear market that goes longer than a couple of weeks.
E.g.
They were still buying AAL all day yesterday when I sold.

[Zack21]

Pardon my ignorance but, what does "RH user" refer to?

[sokoloka]

Originally Posted by Zack21

Pardon my ignorance but, what does "RH user" refer to?

Guessing they're referring to the Robinhood app.

[walds11]

Originally Posted by jaisonline

Many RH users are going to go full panic when experiencing their first true Bear market that goes longer than a couple of weeks.
E.g.
They were still buying AAL all day yesterday when I sold.

Yep, they are going to sh*t their pants.

[beshannon]

Originally Posted by jaisonline

Many RH users are going to go full panic when experiencing their first true Bear market that goes longer than a couple of weeks.
E.g.
They were still buying AAL all day yesterday when I sold.

Cannot wait to see the tweets and posts about how the market is rigged and is all a game. I have been warning that we were getting to a top and things were very thin and frothy. do I know everything? No. Am I psychic? No. I read charts, look at news and trading volumes and patterns. And I am patient.

Where will indexes be at the end of 2021? I have no idea but I believe they will be higher.

Buying bankrupt penny stocks or those with no actual products or revenue is a great way to lose money.

[JParm]

Originally Posted by beshannon

Cannot wait to see the tweets and posts about how the market is rigged and is all a game. I have been warning that we were getting to a top and things were very thin and frothy. do I know everything? No. Am I psychic? No. I read charts, look at news and trading volumes and patterns. And I am patient.

Where will indexes be at the end of 2021? I have no idea but I believe they will be higher.

Buying bankrupt penny stocks or those with no actual products or revenue is a great way to lose money.

I've had friends asking my thoughts about companies like HTZ and LK...which would be some of the very last things that I would ever touch.

Speculation x 1000.

Strong balance sheets still matter today, if anyone has forgotten.

[beshannon]

Originally Posted by jpeezy14@hotmail.com

I've had friends asking my thoughts about companies like HTZ and LK...which would be some of the very last things that I would ever touch.

Speculation x 1000.

Strong balance sheets still matter today, if anyone has forgotten.

When friends ask questions like this it is clearly a top

[jaisonline]

Originally Posted by Zack21

Pardon my ignorance but, what does "RH user" refer to?

Yes. Robin Hood. Sorry. You can track their user ownership #s (e.g. AAL) at https://robintrack.net/symbol/AAL

Pretty interesting stuff.

[beshannon]

Originally Posted by jaisonline

Yes. Robin Hood. Sorry. You can track their user ownership #s (e.g. AAL) at https://robintrack.net/symbol/AAL

Pretty interesting stuff.

Leaderboard . . . Popularity Changes . . . what could possibly go wrong



Another failed social media contest that will end very badly for most people

[Travelair007]

Anyone in NIO? I picked up 15,000 shares. Great revenue and low market cap from what j can see. Most analysts agree it hasn’t seen its upswing yet. Thoughts?