If it sniffs $200 then I will go long the stock, not options.
Stock Markets
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Last: 19 min ago by ProgN
jj9000 said:
I wonder if TSLA's P/E Ratio of 1,091.52 is sustainable?
This one is gonna crush the RH / DDTG crowd.
Well, we'll find out soon enoughPrognightmare said:Bad advice for a retirement account. We will not be revisiting March lows and timing the market with irreplaceable money is never the right decision. If he holds the leaders (AAPL, etc) then don't sell because, if he did, you would not be on the Christmas card list at the beginning of December.BREwmaster said:put stops in, don't ride it down. You can always buy back in later when the market reverses, much cheaper than riding it down. Things could get uglier from here.ag94whoop said:
Man i put about half my cash reserves into the Long play market in the beginning of this month and it's already down 3%. Bad timing. Hopefully market recovers this year. I stayed out of the market forever and didn't catch any of the mass growth. It is what it is. If I had 20 years it would be fine but with only 7 years to retirement any dip hurts.
AAPL isn't going up in the short term, that is a safe bet. BREwmaster said:put stops in, don't ride it down. You can always buy back in later when the market reverses, much cheaper than riding it down. Things could get uglier from here.ag94whoop said:
Man i put about half my cash reserves into the Long play market in the beginning of this month and it's already down 3%. Bad timing. Hopefully market recovers this year. I stayed out of the market forever and didn't catch any of the mass growth. It is what it is. If I had 20 years it would be fine but with only 7 years to retirement any dip hurts.
This is really bad advice....
ag94whoop said:
Man i put about half my cash reserves into the Long play market in the beginning of this month and it's already down 3%. Bad timing. Hopefully market recovers this year. I stayed out of the market forever and didn't catch any of the mass growth. It is what it is. If I had 20 years it would be fine but with only 7 years to retirement any dip hurts.
If you have 2-3 years of living expenses in cash, it could not possibly matter any less what the market is doing when you decide to retire.
It definitely doesn't matter when you're 7 years out. You need some real planning, strategy, and advice or you're gonna be in trouble
Oh not worried, just observing
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
If AAPL fills that gap down at $96 I'm going heavy with shares in both retirement and trading account
True, but the robin hood millennials will buy the hell out of it right back to 400. I don't believe in the company but if that opportunity presents itself, I will trade the hell out of it.
***If this post is on Business and Investing, take it with a grain of salt. I am wrong way more than I am right (but I am less wrong than I used to be) and if you follow me you will be too.***
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
B&I Key:
ETH - Extended Trading Hours --- RTH - Regular Trading Hours
ORH - Opening Range (1st 30min) High --- ORL - Opening Range Low
R1, R2, R3 - Resistance 1, 2, or 3 --- S1, S2, S3 - Support 1, 2 or 3
wow, my apologies. Didn't realize many here just buy and hold forever in an IRA. Although I'm probably also more bearish at the moment than most of you too. AAPL could drop to 90 filling that gap at 95 and you could buy that dip, but I like to wait for it to reverse, not average down the whole way down.
different strokes for different folks.
different strokes for different folks.
jj9000 said:You mean ~50% down from here?Prognightmare said:
If it sniffs $200 then I will go long the stock, not options.
May still be over-valued.
Yep. Tesla could lose 80% of its value and still be where it was 6 months ago.
BREwmaster said:
wow, my apologies. Didn't realize many here just buy and hold forever in an IRA. Although I'm probably also more bearish at the moment than most of you too. AAPL could drop to 90 filling that gap at 95 and you could buy that dip, but I like to wait for it to reverse, not average down the whole way down.
different strokes for different folks.
I have two accounts, my long term ira where I do very minimal trading (except missing the ****ing boat bigly on ROKU, sold that with 1% profit after getting slaughtered forever), and my play money never want to sleep on an open position account. Really nothing in the middle for me.
I use my IRA as a long term hold and do weekly solitons. In my case thanks to 59, I have held Roku and sold out of the money calls all the way up from $110. It's risky business, but you can get paid fat premiums finding your honey hole stock and just keep pounding those covered calls. Roku isn't done. I think it will be a $80B-$100B stock eventually. We're only 1-4 of the way there in my opinion. That's my long term beliefs
This portion of my money is pretty highly diversified so I'm sure it will be fine. Hell it was up 3-4-% within a couple days of investing, then fell. So it will be back. I just shouldn't look at it.
That batch is a managed Parametric through J.P. Morgan and pretty diversified.
My other half of my money is in a Muni-ladder and doing surprisingly well
That batch is a managed Parametric through J.P. Morgan and pretty diversified.
My other half of my money is in a Muni-ladder and doing surprisingly well
I also have like $10k of play money I have been playing around with on youinvest and that's the most frustrating one because I obviously don't know what I'm doing yet. Lol
Watching PINS closely the first hour. Some quick chart review says to load up if we get a flush down to retest 38 breakout. 38 is both clear past resistance (turned support?) on the hourly and also the daily 8 EMA.
If I see flash on or under 38, then I'm looking to buy 10/16 40 calls for about $1.75-1.80 if my math is correct. For every 38 call I sold yesterday at $5.15, I can get about 3 of the 40s on a flash down. The play would be a quick 50% retrace back from 38 to 40 where I can sell 2/3 of those new buys around $2.65-2.75 going net free on the 1/3 with 3 more weeks left on an already ITM call.
Thoughts anybody?
I typically wouldn't be getting into a plan this active, but the set up looks really good, and I will be done with meetings by market open today with a clear schedule tomorrow.
ETA: No FOMO or action at all if there is no flash on 38. That's the odds on play. Buying higher than that is not on the table for me. Wait for the setup... that's my new rule.
If I see flash on or under 38, then I'm looking to buy 10/16 40 calls for about $1.75-1.80 if my math is correct. For every 38 call I sold yesterday at $5.15, I can get about 3 of the 40s on a flash down. The play would be a quick 50% retrace back from 38 to 40 where I can sell 2/3 of those new buys around $2.65-2.75 going net free on the 1/3 with 3 more weeks left on an already ITM call.
Thoughts anybody?
I typically wouldn't be getting into a plan this active, but the set up looks really good, and I will be done with meetings by market open today with a clear schedule tomorrow.
ETA: No FOMO or action at all if there is no flash on 38. That's the odds on play. Buying higher than that is not on the table for me. Wait for the setup... that's my new rule.
If this post is on the B&I forum, lighten up it's just money!
Disclaimer: I'm not that smart.
Disclaimer: I'm not that smart.
No need to thank me; I'm just the messenger. OA was the original on this back in 2018 when it went under $30. You're totally right in that you don't have to waste your time trying to play multiple stocks. Just know about 5-10 very well AND confirm their fundamentals. AND know the risk and plan out various actions before they happen. ie stops, targets, call selling strategies, etc. AND know your time frame. It sounds easy, but it is not. Not many people can navigate it that well and everyone, literally everyone, will make mistakes along the way... BUT it won't matter in the end. Go into it knowing you're going to make mistakes... I laugh now at my many mistakes along the road (DBX, RRTS, several O&G...).
On ROKU specifically (and to be transparent), I know I often sound like a 'fan boy' of it, but I'm ok with that... it's just conviction... and I put my real $ into it and know the risk. I made a big purchase in 401k in 2018 w/ avg ~$44. Then I bought more during the mid July - mid Sept consolidation period in my taxable brokerage w/ avg ~$154 to increase total shares owned by 50% to average up to ~$81 overall. It's a calculated risk for me personally with high reward... I only wish I had had the capital available earlier in the year that I had the past couple of months...
Here's the best summary thread on the fundamentals that I've seen:
On ROKU specifically (and to be transparent), I know I often sound like a 'fan boy' of it, but I'm ok with that... it's just conviction... and I put my real $ into it and know the risk. I made a big purchase in 401k in 2018 w/ avg ~$44. Then I bought more during the mid July - mid Sept consolidation period in my taxable brokerage w/ avg ~$154 to increase total shares owned by 50% to average up to ~$81 overall. It's a calculated risk for me personally with high reward... I only wish I had had the capital available earlier in the year that I had the past couple of months...
Here's the best summary thread on the fundamentals that I've seen:
If this post is on the B&I forum, lighten up it's just money!
Disclaimer: I'm not that smart.
Disclaimer: I'm not that smart.
Check out the chart on LPSN
Looks ok but not sure I would enter here... only took a quick look so you should probably take this with a grain of salt... I don't know or follow it either so keep that in mind:
- has to hold 48 to maintain momentum back up after gap fill
- if 48 is lost (and stays lost), 40 looks imminent (previous resistance turned support and 200 EMA)
- bear flagging here looking like more downside unless the constructive price action off the bottom last weeks maintains
- closed yesterday under 8/21/50 EMAs (classic dead cat bounce resistance after losing them all in early Sept.
- I'd be patient to wait for either a more constructive, better odds entry -OR- a capitulation sell off down to 40. 40 would be a clear buy.
If this post is on the B&I forum, lighten up it's just money!
Disclaimer: I'm not that smart.
Disclaimer: I'm not that smart.
Think it tests $46?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Orlando Ayala Cant Read
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AG
Some electric car related stuff and some lower priced energy is booming pre market this morning. Wonder if there will be one that takes off like SPI yesterday.
WKHS got absolutely slapped the last few sessions after a crazy run. Watching them closely
ONTX - Not big volume but the volume spikes premarket are sell off. So far more selling than buying pressure. Maybe we get that dip today below .25 today.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Man MARA has to be my worst trade of all time. Ouchie
Orlando Ayala Cant Read
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AG
Any of you buying more SPAQ?? Down pre market after yesterdays dip too.
I leave to go and have a kid and I come back to this. A cocaine addicted Elmo pushing TSLA, Brew turning bearish while $30K permabear is dabbling in Bull running, 59South slinging ROKU (HES right you know)?!
Im not sure what's worse, Clusterfeeding newborns or the market being doo-doo now. Just glad for OA1 and the SPXS hedges.
Im not sure what's worse, Clusterfeeding newborns or the market being doo-doo now. Just glad for OA1 and the SPXS hedges.
Mom and baby doing well?
Anything is possible in a correction but I'll add more shares if it does.FJ43 said:
Think it tests $46?
DXY up more premarket 
SPX 3256 became resistance, if DXY runs to 94.83 could see selling get intense, 200 dma intense. Paraphrasing HP's thoughts this a.m.
SPX 3256 became resistance, if DXY runs to 94.83 could see selling get intense, 200 dma intense. Paraphrasing HP's thoughts this a.m.
I can attest to this email. I work at one of the accounting firms and we are seeing a tremendous amount of IPO work related to these.
Many times it is not a great deal for the investor, but just for the SPAC Founders and legacy investment team.
Many times it is not a great deal for the investor, but just for the SPAC Founders and legacy investment team.
I am currently going back and forth on absolutely loading up this morning for hopefully the pop on merger then getting out. Feels like straight gambling thoOrlando Ayala Cant Read said:
Any of you buying more SPAQ?? Down pre market after yesterdays dip too.
i might buy back my cover calls today. up 75% on themtam2002 said:I am currently going back and forth on absolutely loading up this morning for hopefully the pop on merger then getting out. Feels like straight gambling thoOrlando Ayala Cant Read said:
Any of you buying more SPAQ?? Down pre market after yesterdays dip too.
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