not touching tsla.

My STZ calls are dead in the water I think. Par for the course this last week.

Only thing working for me today is VXX puts bought Friday.

Is there a specific exit point for SDC or LUV? I'm up about 40% on each right now and they both keep climbing.

$30,000 Millionaire said:

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not touching tsla.

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As a straight up long hold? Even at say $335?

Lubys up over 100% today.

Have trailing stop set?

Another day in the red

No I don't on either

Depending on your risk level, if you're up 40% I would set one for ~5%.

Orlando Ayala Cant Read said:

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$30,000 Millionaire said:

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not touching tsla.

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As a straight up long hold? Even at say $335?

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at pre-strike $1,675? no way. Maybe at $150.

$30,000 Millionaire said:

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Orlando Ayala Cant Read said:

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$30,000 Millionaire said:

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not touching tsla.

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As a straight up long hold? Even at say $335?

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at pre-strike $1,675? no way. Maybe at $150.

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you can sell the $150p out to the end of the year for $4.00

If you're holding calls into this close, you better have some puts to cover your ass. The beta stocks are looking weaker here and you may think it impossible, but there could be more selling tomorrow. Be prepared to test the QQQ 50DMA. Could happen before the close today. Only 40pts off the 50DMA on the Nasdaq now

For all the doom and gloom, haven't hit a circuit breaker yet...

I agree. I think people, including myself at times, just want to trade and that gets dangerous. I think this correction was needed and is healthy. Probably should have used a different emoji

UpstateAg said:

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I agree. I think people, including myself at times, just want to trade and that gets dangerous. I think this correction was needed and is healthy. Probably should have used a different emoji

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I've put on two trades today. One went for me, one went against me. Object is I respected my S/L and I'm still green on the day. It wasn't a great day, but it's a green day for me on down market day. I call that a good day. You're right a lot of people think they have to trade or just want to trade to try to make some money and that's when mistakes are made. Myself included still at times. Wait for the value. Don't trade just to trade. Because when you do that, there are people like me and a few others that post in here that are ready to be on the other side of your emotional trade.

Any coincidence that kids are going back to school and there is a lot of selling? Like the Robin Hooders, etc.

AUD-JPY hitting new lows. The margin calls may be rolling in as we speak?

no big bulls buying calls this week either. VIX keeps getting suppressed near the end of a day, then it runs again next day.
SPY nearest support now looking like 329 - definitely can test that soon.

I'm all cash except a Dec VXX call (election hedge/ potential big $ maker) and a few SPY puts for funsies.

$MGNI seems oversold here. Whales - can we send that baby to $9.00 in the next week or two?

Bonfire1996 said:

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Y'all see Goldman rate AAPL a "sell" with 33% downside risk? Right before the single biggest event in Apple history is announced: 5G phone release show Sept 15.

Hilarious.

Remember that brokerage houses that miss their entry point always try to manipulate with an outlier rating.

Buy the freaking dip on Apple.

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I bought a sheetload (Apple) today. I was down big on my portfolio but oddly enough I feel ok about it all. I bought a few things I think were really oversold and other stalwarts within my portfolio held up well. As they say, you just gota know what you own and not panic. Don't get people who panic sell when things go down. If you know what you own, and wait it out, you'll at least break even in most cases.

Bonfire1996 said:

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Y'all see Goldman rate AAPL a "sell" with 33% downside risk? Right before the single biggest event in Apple history is announced: 5G phone release show Sept 15.

Hilarious.

Remember that brokerage houses that miss their entry point always try to manipulate with an outlier rating.

Buy the freaking dip on Apple.

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9/15 may just be an Apple Watch and iPad event. The phones are looking more like an October release.

Long term outcome is the same most likely, but for those of you thinking about playing calls here keep the timing in the back of your mind.

QQQ can't get any closer to the 50 day EMA than it is right now. Time to buy back in at a support level or wait?

Carlo4 said:

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QQQ can't get any closer to the 50 day EMA than it is right now. Time to buy back in at a support level or wait?

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I bought a handful of calls based on that. Also bought calls on TSLA, MSFT, and BAC this afternoon. I expect a mercy rally In the next day or so (no rationale other than guys/prayer). If it does get a boost, I'll turn a nice profit. If not. Oh well- it's just money.

WoMD said:

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cottonpicker said:

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PeekingDuck said:

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So much for MOMO

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Add goco, mara, and qd. Boy I can really pick them

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I'm in the same boat.
While they were hyped (a lot), at the end of the day, we hit the submit button, so gotta own it...

Let it ride, right?

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GOCO - I ended up swing trading this one for a decent profit, Debated whether to hold given the PT but currently glad I didn't as the current share price is below my previous entry by a few points. May buy back in on this one.

QD - Got out late last week about even after watching the paint dry.

MARA - Still holding this one per OA's posts it follows Bitcoin with potential big swings. With Bitcoins recent pummeling, I will watch this week for potentially accumulating more. I might run out of gas backing up the truck on this one though if it drops much lower. This is a mid-term play for me.

Learning as I go from this board and my personal mistakes. One thing I have learned the hard way...greed kills.

thirdcoast said:

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It feel like more people are bullish on AAPL today than back in April and May when it was almost half it's current valuation. But maybe with all the other harder tech runners AAPL is now seen as a relative safe haven.

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I feel like this might be true.

Bought more QQQ and AAPL today. I feel like both are home run purchases.

Maybe I'm overly optimistic but as a long-term hold, I think both are incredible bargains right now.

Ranger222 said:

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Wanted to put TRIL on everyone's radar...biotech cancer stock that targets CD47. Has been a wild ride last couple years...went from $5 up to $11, back down all the way to under $1 last fall now back up to close to $10 in pre-market. Getting a lot of love for several reasons. Forty Seven was another biotech company that also had anti-CD47 therapy that was bought out by Gilead last year. Several have speculated TRIL will also be a buyout target for other companies to get their own anti-CD47 treatment. Allogene Therapeutics also just went public, similar to TRIL, much higher evaluation so TRIL has some catchup to do.

Note went out yesterday suggesting TRIL's long-term price target may be 100+, a 10x return from current price. Would be blue skies for TRIL if it can get above ~9.5.

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Up 37% AH today