Anybody still in SKLZ? They got wrecked.

I'm not adding any new positions at this time. I think there is more pain below. My powder is mostly dry except for what I'm using to short the market.

Lol you're probably right.

fin twit is talking doom.

I am really really tempted to buy some SKLZ after hours.

So are you medium term still bearish or are you expecting a face ripping rally to ATH in next 4-6 wks?

Every company is getting nailed (numerous major companies with market caps down 20-70%) yet the whole market is only down 12%.

I know the H&S formation isn't entirely reliable, but it represents overall sentiment and a lot of money has seemingly moved out of securities.

Also bullish? JPM unloading their bags??

I'm into NIO 1/24 $30C for five figures now…bring on those electric rides in Shanghai!!

Doom?

Does that fear thingy update during the day or just overnight?

ProgN said:

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Does that fear thingy update during the day or just overnight?

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Every few hours I believe. Just Google 'CNN Fear and Greed' and it'll pop up.

Irish 2.0 said:

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I'm into NIO 1/24 $30C for five figures now…bring on those electric rides in Shanghai!!

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I remember you posting about your change in heart, but that surprises me to see how far you've gone with it? Not nervous about it being a Chinese company at all anymore?

agdaddy04 said:

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Irish 2.0 said:

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I'm into NIO 1/24 $30C for five figures now…bring on those electric rides in Shanghai!!

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I remember you posting about your change in heart, but that surprises me to see how far you've gone with it? Not nervous about it being a Chinese company at all anymore?

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Not when Russia is at the forefront of the news cycle and NIO's rapid expansion into Europe. Two years to figure this **** out, I'll take the risk.

I Googled it yesterday about mid-morning and it was 34. I was beginning to think it wasn't going to move.

So many more potential problems than benefits to this market. With fools running our economy and country, just imagine if China moves on Taiwan and/or Israel wipes Irans nuclear program.

Just the inflationary pressure alone should tank this market. Only question is how much and for how long.

Big NIO bull here. A push for global growth, actually producing vehicles, push to be a luxury/lifestyle brand in China. A lot of things to love about this company. China wants them to succeed.

Farmer @ Johnsongrass, TX said:

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I Googled it yesterday about mid-morning and it was 34. I was beginning to think it wasn't going to move.

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Pretty sure Buffett says he buys once it's in the mid-20s. Be interested to see what Berkshire Hathaway's expenditures look like lately.

Mas89 said:

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So many more potential problems than benefits to this market. With fools running our economy and country, just imagine if China moves on Taiwan and/or Israel wipes Irans nuclear program.

Just the inflationary pressure alone should tank this market. Only question is how much and for how long.

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I mean…we are down ~18% from ATH on the QQQ just like 3 months ago.

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Almost a mini sub-prime situation I think.

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I think this is very real. I'm thinking it surfaces in 4 years.

I think you're on to something. I noticed this when a couple subprime lenders SYF and ALLY (formerly GM financial) each had loads of insider selling last August/September.

Only two reasons to sell: price ain't going higher or forced to sell by some SEC/legal obligation.

I agree with your premise. Retail only finds out after the fact, but remember Lehman CEO and Countrywide execs were calling Buffett to have him buy them out 6-8 months before things went belly up.

I'm guessing COVID stimulus only exacerbated issues but infused major money into the markets for a couple years.

The irony now is that as people are finally able to get from under their masks and return to "normal life" only to find that markets are a mess and reckless inflation may not allow for a meaningful market growth.

The insurance businesses are maintaining their big profit margins. Looks like all of my policies are increasing at each renewal term. Home, auto, and business policies. All are increasing the premium.
I would expect BH to increase their insurance exposure. It's been the core business.

I always liked his pet rabbit

NIO earnings next week. I think positive numbers on ET7 sales will move it.

Irish 2.0 said:

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ProgN said:

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Does that fear thingy update during the day or just overnight?

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Every few hours I believe. Just Google 'CNN Fear and Greed' and it'll pop up.

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It's from CNN? Not trying to get political, but how reliable is that in reflecting investor sentiment instead of being a tool used to drive investor sentiment?

SPY 420. If we gap down I'm yolo calls

Irish 2.0 said:

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Farmer @ Johnsongrass, TX said:

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I Googled it yesterday about mid-morning and it was 34. I was beginning to think it wasn't going to move.

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Pretty sure Buffett says he buys once it's in the mid-20s. Be interested to see what Berkshire Hathaway's expenditures look like lately.

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Now that's interesting...

Where Buffett could spend his doe-
If AT&T would hurry up and get the Warner Bros./ Discovery deal done, speculation is that T share price will drop to $17's. Mathematically the share price drop theory is correct, but I doubt it happens in Market value. Moving out of the minutiae, Buffett could make a move on T. At $20 a share, he could buy all the shares of T and own it in 8.88 years just from the earnings per share if he left it all alone. Own it sooner after he cuts the waste. Buffett is a big Verizon investor. But hey, know your competitor better than they know themselves and you win the game. He could take over T and then take VZ to the wood shed. After the T & WB/D deal, T becomes pure telecom again with a 4.5 to 6.5% dividend, right in Buffett's wheelhouse. Just a dream I'm having... Yet, if Buffett can take on the Burlington Northern RR, AT&T should be a snap.

Regarding NIO. I believe your logic is sound.

Thanks for posting the Fear/Greed, I forgot to check it today.