China...an emerging market...wtf? They're the #2 economy in the world. Just lost style points.
Double_Bagger said:
Powell saying all the right things. I'm buying 440 SPY calls for Friday at 1.50.
Farmer @ Johnsongrass, TX said:
Is Bitcoin crashing now?
what kind?mazag08 said:
I bought the SPY dip. We have a gap fill at $441. Whether it gets there today, overnight, or tomorrow.. i don't know. But I believe it will. And these SPY calls are going to turn into whiskey bottles.
If this gap gets filled I'll let you pick. Let's say $50-$100BREwmaster said:what kind?mazag08 said:
I bought the SPY dip. We have a gap fill at $441. Whether it gets there today, overnight, or tomorrow.. i don't know. But I believe it will. And these SPY calls are going to turn into whiskey bottles.
Farmer @ Johnsongrass, TX said:
I'm bullish until the end of the year.
$30,000 Millionaire said:
I didn't trade today for a reason.
Agree with you in a world of integrity. Unfortunately, my thinking is telling me otherwise. Just look at the Fed propping up the market in mortgages and buying debt they are creating. Banks parking money they don't need at the Feb Repo and receiving 1% interest. And, as Chair Jay said, "No decisions have been made" regarding rates, tapering or curbing inflation. These items alone should send the market backward.BlueTaze said:Farmer @ Johnsongrass, TX said:
I'm bullish until the end of the year.
I think there could be a big bump in the road after debt ceiling is raised. Still a reasonable possibility a credit agency downgrades US debt from AAA to AA+. It happened in 2011 with a better fiscal situation than today....so unless S&P was just trying to save face after the 2008 crisis, we may see another downgrade.
$30,000 Millionaire said:
I mean what could possibly go wrong with this picture? This curve is so steep, we're about to go backwards in time.
At 15%, that would put the S&P just under 3800 (3735) based on today's close. And, 3800 to 4200 is range where the Big Banks put the S&P for the end of the year in a June 2021 survey.BlueTaze said:
Fair points. Id say a downgrade from AAA to AA+ , may cause a 15% sell off that lasts a couple weeks....with Janet and Powell both just pointing out its all relative to other countries, to get things back on track.
I was watching the ask on L2 for much of the day. The selling that kept popping up mostly until the last hour was relentless. It seemed an awful lot like when I've seen companies sell shares on the open market. They also made a point to not lose the higher lows it has been printing over the last week, which would have triggered a larger sell off, imo. Let's see if it can hold a higher low again tomorrow.Tomas Hermensa said:
$SAVA is a popular stock here, so does anybody care to weigh in today? This guy from investorplace - is that a real site or paid for shills? - says that it was based on good news that people then didn't like https://investorplace.com/2021/09/sava-stock-what-is-going-on-with-red-hot-cassava-sciences-today/
That doesn't seem reasonable to me. In fact he reports that the selloff happened in the afternoon, when the selling was largely done by 10:00am CST.
At 7:40am we had one 10-minute period where the price shot up on 476,000 share volume. After that we had constant and controlled red candles on a 15-minute chart. Did someone want to create a buying frenzy to sell into as a way to exit? Was this real buying that was met with a combination of profit taking and shorts trying to hold on?
My stock monitoring site shows they have diluted shares 60% in the past year. This sounds like a good hypothesis to meGreasenUSA said:I was watching the ask on L2 for much of the day. The selling that kept popping up mostly until the last hour was relentless. It seemed an awful lot like when I've seen companies sell shares on the open market. They also made a point to not lose the higher lows it has been printing over the last week, which would have triggered a larger sell off, imo. Let's see if it can hold a higher low again tomorrow.Tomas Hermensa said:
$SAVA is a popular stock here, so does anybody care to weigh in today? This guy from investorplace - is that a real site or paid for shills? - says that it was based on good news that people then didn't like https://investorplace.com/2021/09/sava-stock-what-is-going-on-with-red-hot-cassava-sciences-today/
That doesn't seem reasonable to me. In fact he reports that the selloff happened in the afternoon, when the selling was largely done by 10:00am CST.
At 7:40am we had one 10-minute period where the price shot up on 476,000 share volume. After that we had constant and controlled red candles on a 15-minute chart. Did someone want to create a buying frenzy to sell into as a way to exit? Was this real buying that was met with a combination of profit taking and shorts trying to hold on?
lobwedgephil said:
You obviously know what you are doing
When everything rises in price, people don't use their CC as much.BaylorSpineGuy said:
I made money buying puts on them a week or so back when it fell from 350 to 340 in a day.
Realistically, almost every single credit card looks exactly the same tho! All down 10-15% in last 6 weeks.
jimmo said:
$SAVA
News reported today..
assuming by the stock reaction.. this wasn't the study/ trial folks have been anxiously waiting for?"...study showed ADAS-Cog11 scores improved an average of 3.2 points from baseline in the first 50 study subjects who completed 12 months of treatment."