I made out pretty well with manics TSLA suggestion. It seems like a lot of their picks hit.

Lol I know you were. This forum is a great learning tool though

Does anyone else get the feeling the market is getting a little frothy and setting a trap for the longs before a sell off? Some things I look at are showing signs of a possible pullback. I'd like the board's thoughts.

Prognightmare said:

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Does anyone else get the feeling the market is getting a little frothy and setting a trap for the longs before a sell off? Some things I look at are showing signs of a possible pullback. I'd like the board's thoughts.

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People have been saying that for 9 years now. Thats not an exaggeration.

Think old army said 3250 a few pages back. Economic numbers trending back to growth.

Pullback, not a crash. I'm implying a 3-5% pullback. That's of importance for trading options and high beta stocks

Futures green slightly for now

Prognightmare said:

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Pullback, not a crash. I'm implying a 3-5% pullback. That's of importance for trading options and high beta stocks

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Nancy Pelosi could come out today and say they have found no impeachable offense and are dropping the impeachment inquiry and the market would rip through the New Year.

China and Trump could sign the deal and the market would rip.

Fed could drop interest rates to 0.

It's such an interesting time to watch how the news affects the market with broad access to the market and the ease of the general public to buy and sell stocks. I wonder how much historical technical indicators can really predict moving forward.

My observations combined with Warren Buffet sitting on 128 billion in cash just gives me pause.

Prognightmare said:

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My observations combined with Warren Buffet sitting on 128 billion in cash just gives me pause.

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I'd be more concerned if buffet was giving that cash back to his investors. That would be news and a sign that he cannot find investible assets.

He's waiting on something.

ROKU placed on short sale restriction list.

Prognightmare said:

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My observations combined with Warren Buffet sitting on 128 billion in cash just gives me pause.

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This looks huge, but it's relative.

It's similar to you and I sitting on $18.

jj9000 said:

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Prognightmare said:

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My observations combined with Warren Buffet sitting on 128 billion in cash just gives me pause.

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This looks huge, but it's relative.

It's similar to you and I sitting on $18.

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I wouldn't consider that relative considering the holdings that Berkshire-Hathaway has. Buffett is looking for a deal. That's how he's always been. I'm guessing he just thinks everything is overpriced right now.

jj9000 said:

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Prognightmare said:

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My observations combined with Warren Buffet sitting on 128 billion in cash just gives me pause.

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This looks huge, but it's relative.

It's similar to you and I sitting on $18.

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The relative number we're discussing here is 60%...

Well that's interesting

Even with the miss, HEAR bounced right off that 8.50 or so support line from that end of August timeframe so still within the Darvis box

Closed my remaining ROKU 11/15 calls at 100%. Figured I'd take that since I'm about to get on the road and not be able to check it

Prognightmare said:

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My observations combined with Warren Buffet sitting on 128 billion in cash just gives me pause.

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Sorry not disagreeing with you, I just think this will be an interesting time to look back on. A lot of "non-technical" issues driving this market for a couple years now.

IrishTxAggie said:

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jj9000 said:

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Prognightmare said:

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My observations combined with Warren Buffet sitting on 128 billion in cash just gives me pause.

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This looks huge, but it's relative.

It's similar to you and I sitting on $18.

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I wouldn't consider that relative considering the holdings that Berkshire-Hathaway has. Buffett is looking for a deal. That's how he's always been. I'm guessing he just thinks everything is overpriced right now.

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I initially read this as $128M in cash (not B), which is why my post about being relative appears.

$128M in cash would be just another day at the office.

$128B is considerable.

Trump just said he didn't agree to rollback tariffs with China yet.

Well hi there ROKU

gougler08 said:

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Well hi there ROKU

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Needs to rip through soon.

Prognightmare said:

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Pullback, not a crash. I'm implying a 3-5% pullback. That's of importance for trading options and high beta stocks

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Has been the case at every new high for the past 2 years, but now we have rate cuts and QE re-enacted, so I'm skeptical.

I wouldn't be surprised to see some afternoon profit taking. Purchased some insurance although my losses on TVIX are adding up this year. Need to rethink my hedging and learn how to trade options.

Guess I'm just going to hold onto my OSTK stock at this point. I initially bought in at 18 and then sold at 22. But then I bought back in around 16 or so. Might as well hold on for the long term and hope it bounces back at some point.

mavsfan4ever said:

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Guess I'm just going to hold onto my OSTK stock at this point. I initially bought in at 18 and then sold at 22. But then I bought back in around 16 or so. Might as well hold on for the long term and hope it bounces back at some point.

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Earnings early next week...should be interesting

Yea I'm not expecting great news. I don't have a ton invested in it, so I'll just hold it for the long term I guess. Surely it won't go belly up (famous last words).

mavsfan4ever said:

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Guess I'm just going to hold onto my OSTK stock at this point. I initially bought in at 18 and then sold at 22. But then I bought back in around 16 or so. Might as well hold on for the long term and hope it bounces back at some point.

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I'm in the same boat. If they get the digital dividend figured out there should be another squeeze like a couple of months ago correct?

That's what I'm hoping. Of course, if it keep falling like it has been, a big squeeze may just get us back to $11 or so.

IrishTxAggie said:

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Learning options tends to be an expensive life lesson for some....me...it was an expensive life lesson for me...

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My wife is a financial advisor so she gave me $5000 to play with while she handles the rest. I get no advice from her since she wants me to learn some lessons on my own. I just get the occasional "well alright then" when she sees me make a purchase. Thankfully, she still has the training wheels on and hasnt given me access to the options trading. I'm still just buying and selling the old fashioned way so its forcing me to do more research into the company I'm looking at.

I tell you what, this thread has been enormously helpful at learning things.

You got married????

Ragoo said:

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You got married????

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ETA: sorry, that just made me lol in real life.

Ragoo said:

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You got married????

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Yessir, like most middle aged lawyers, shes much younger than me. Got married in Sept