Somebody big about to happen.

Those hs on QQQ look forced. I just bought a few calls here for hopefully a quick scalp. Need green volume to continue though.

And I'm out for 2.5% profit. Volume dried up so I'm not hanging around to see what it does.

Yup. for those of us who are still in the 'need action phase' days like today are good to 'get a dog' or just play in paper trades to get it out of the system.
Discipline, patience, plan, patience, execute, patience, beer.

Question for you more experienced guys...

when we see a consistent downturn in certain new small cap profile stocks like WWR, CLOV, DPW, FUBO etc....is their common timeline or expectation to see them return to former positions (outside of last years mad upward rush)?
6 months? a year? 2 years? I know it depends on whether we are bear or bull and what segments have rotated in, but just kind of curious about expectations from people who have been doing this a long time.

I know 8-10% annual ROI used to be considered good. But I am curious if these stocks that have fallen 50+% from their ATHs typically return to those spots inside a year....

I just want to get your perspective

FUBO will print $50 by December, if not before. I'm not as familiar with the others.

I wonder if the algo sell-off is just getting the point of taking people's stimulus checks? Feel like we are just getting that out of the way.

MM didn't like the perception or public responses to the GME squeaze.

Dan Scott said:

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Somebody big about to happen.

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was just about to post the same, I just bought a 389c at the bottom trendline of this wedge, but I'm well hedged too.

Anyone dabbling with EBON sub $8?

The pattern can extend until the end of the week. If you're bullish you'd want continued bouncing between the lines and then breakout next week.

Yes. Looks like 3/29 is judgment day.

Pignorant said:

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Anyone dabbling with EBON sub $8?

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I would wait for this wedge to resolve, could be a while. VIX also looks angry.

Pignorant said:

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Anyone dabbling with EBON sub $8?

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wait, imo I bought too soon. I think you can get $7 and maybe a flush to $6.5. If we don't bounce off the 1ATR $5 is not out of the question.

Dan Scott said:

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The pattern can extend until the end of the week. If you're bullish you'd want continued bouncing between the lines and then breakout next week.

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Yep spot on. I have the tip of the wedge at Friday afternoon. I would think by then we know, but certainly could drag to Monday pre-market.

Oh yeah, absolutely possible. Lots of variables moving markets. The overall sentiment of an 'overheated' market, divided market players on national politics, ATHs even make bulls hesitate and the bears pounce. Also, lots of algo selling indicators even to newbs (like me). I see stairsteps on tons of large cap stocks with a follow of smaller stuff.
Everyone is trying to walk sideways with as out around the chairs anxious for the music to stop. Lots of questioning, lots of hesitation, lots of programmers.

lots of rum and coke.

I'm looking to get back in at $6 on EBON.

Tomas Hermensa said:

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I'm looking to get back in at $6 on EBON.

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I'm not convinced that EBON isnt the LK of Bitcoin

Just added to PLTR @ $22.00

what do we think, sell off or rally into close?

Flow on Q's are looking like a sell off

For those in WWR, thoughts on MP? Two massive red days in a row. We are sitting at 50% retracement from the Oct-Mar up move. I'm planning on buying a bit if we get down to $29. If we show a reversal I may also get in.

...and now I'm just reading about the public offering.

$30,000 Millionaire said:

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what do we think, sell off or rally into close?

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Looks like a sell off. Wish I had sold all my Calls on Monday Friday.

attempted bounce here. this doesn't happen and down we go.

irish pete ag06 said:

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Anyone read this? Started it a few nights ago.

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Fantastic book. Must read if you're a trader IMO