All the retail investors getting FOMO, buying into a bull trap while institutional sits on cash to buy back in after rug gets pulled? I think there's more fact than fiction to that thought.
Big funds don't really "pump and dump", and trade like that. A lot of them sold, causing such a steep and rapid drop. That created a large stockpile of cash, then you add to that 401K contributions weekly, those piles grew. Funds are not allowed to sit on that much cash and are required to put it to use. They have more than likely been putting some of those funds to work and will buy the dips. If the reopening of states don't lead to a massive uptick in covid crap, then they'll put more to work. If they're on CNBC crying and worried, it's a safe bet they're buying or about to buy, see Ackermann ( how ever you spell Dr. Doom's name). It's going to be interesting when they release their quarterly reports and we can see what they've been buying and selling. For example, XOM's stock showed incredible strength when oil went negative this week. That's not Susie homemaker buying a hundred shares in junior's college account, JMO.TChaney said:
Can I ask a dumb question that almost sounds like a conspiracy theory?
I only thought about it when the much lower volume was mentioned this week. Is it possible big money has been artificially pushing this upward trend since late March to recover much of their lost investments, almost like a huge scale pump and dump?
I know nothing of how the market works on that scale, or if this is even possible.
I have always been a bit of a skeptic in general and I feel like I'm being setup for a scam.
I will say I don't mind gambling a bit and making a bit of extra money though, as I type this now, it makes sense, I feel like I'm being sold into a Ponzi scheme, "Here you go, another dividend payoff of 20%, are you ready to invest even more now?"
Prognightmare said:
Also, KMI should at the least move back up to 20-21 level so your investment could appreciate 40+% while receiving a good dividend. Pull up multi year charts on it.
Exsurge Domine said:
Manic trading hit it out of the park today. 7 bagger in Shop, 2 bagger TSLA, 2 bagger zoom, 2 bagger FB.
Grown Pear said:
What's the cost for Manic? And is it only an annual option or is there a short term option, like only for a few months
khaos288 said:Exsurge Domine said:
Manic trading hit it out of the park today. 7 bagger in Shop, 2 bagger TSLA, 2 bagger zoom, 2 bagger FB.
Turned a friend into manic this week, and it was kind of a slow week. Then today lots of wins back to back to back. Cleared my guilty conscience haha
khaos288 said:Grown Pear said:
What's the cost for Manic? And is it only an annual option or is there a short term option, like only for a few months
Monthly I think it's 150. I got it on sale for 30% off that he does every now and then.
Exsurge Domine said:khaos288 said:Exsurge Domine said:
Manic trading hit it out of the park today. 7 bagger in Shop, 2 bagger TSLA, 2 bagger zoom, 2 bagger FB.
Turned a friend into manic this week, and it was kind of a slow week. Then today lots of wins back to back to back. Cleared my guilty conscience haha
Dude it was gnarly towards the end of the day .
"Buy shop for .90" hours later "sell shop for $7.00"
Then his TSLA calls started at 1.05, went to .25 and then shot through the roof to $2.30.
If I hadn't been golfing from 2-5 I would have made about 15k, but I missed a lot of the good exit points since I wasn't glued to my screen
gig em 02 said:
What do you think his success rate is?
gig em 02 said:
What do you think his success rate is?
khaos288 said:Exsurge Domine said:khaos288 said:Exsurge Domine said:
Manic trading hit it out of the park today. 7 bagger in Shop, 2 bagger TSLA, 2 bagger zoom, 2 bagger FB.
Turned a friend into manic this week, and it was kind of a slow week. Then today lots of wins back to back to back. Cleared my guilty conscience haha
Dude it was gnarly towards the end of the day .
"Buy shop for .90" hours later "sell shop for $7.00"
Then his TSLA calls started at 1.05, went to .25 and then shot through the roof to $2.30.
If I hadn't been golfing from 2-5 I would have made about 15k, but I missed a lot of the good exit points since I wasn't glued to my screen
Yep, I kept buying in a few contracts and they all printed cash. Was a fun Friday.
Success rate about 40%. He plays otm so far that that the winners more than make up for the 60% losers. You can only lose 100%, you can win 2-3-500% and that happens often enough.
AgEng06 said:
Awesome. How much cash do you need to really take advantage of his stuff?
AgEng06 said:
Welp, sounds fun.
How do you follow? Twitter, website, app?
It's to make sure that you're not stealing his charts and passing it off as your own. Just protecting his IP.McInnis 03 said:
Honestly I have no clue, that did catch me off guard but I imagine it's the way he can insure subscribers are getting access to the private feed
Prognightmare said:It's to make sure that you're not stealing his charts and passing it off as your own. Just protecting his IP.McInnis 03 said:
Honestly I have no clue, that did catch me off guard but I imagine it's the way he can insure subscribers are getting access to the private feed
AgEng06 said:
Are most (or all) of these Manic moves day trades? (In and out same day)