3700 next support line?
Stock Markets
24,642,718 Views |
233293 Replies |
Last: 3 hrs ago by Heineken-Ashi
Red Pear Luke (BCS)
Joined:
May 20, 2021
Posts:
2,196
User Profile
Private Message
How long do you want to ignore this user?
Sponsor
AG
PLTR with a nice earnings miss and puke this morn.
PLTR
Stocks only go down
Stocks only go down
Savage. Lmao.
You don’t trade for money, you trade for freedom.
Hey guys - just want to point out that this has the look of the reversal you seek. Gap down, terrible sentiment.
Loss of support and recapture already of cycle lows.
Loss of support and recapture already of cycle lows.
You don’t trade for money, you trade for freedom.
Man... SNL used to be great.aggiedaniel06 said:
https://www.reddit.com/r/wallstreetbets/comments/ujsjas/calls_on_this_guy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
$30,000 Millionaire said:
Hey guys - just want to point out that this has the look of the reversal you seek. Gap down, terrible sentiment.
Loss of support and recapture already of cycle lows.
Loading up on some SPY $410 calls?
☀️ GM ☀️ pic.twitter.com/mG5gBUasoP
— John Trades MBA (@JPATrades) May 9, 2022
$SPY bounced from 402 and $QQQ from 300 area in premarket. $VIX Will test 33 today
— Ripster (@ripster47) May 9, 2022
More Pain or put idea if $VIX break over and these levels do not hold, use these levels & EMA system decide the trend
400/300/33 $SPY $QQQ $VIX respectively important$VIX under 30 imp for bulls
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
BaylorSpineGuy said:
So does capitulation occur when everyone has lost their profits and can't stomach the losses any further?
Yes at some point even a lot of folks that aren't actively trading get scared and begin dumping to keep their portfolio from going down any further. After that spike down there aren't many remaining sellers left, at least for that time period.
TSLA dumping
wild action so far.
You don’t trade for money, you trade for freedom.
30k- sorry if I missed this, but what was your general thought on MARA and DKNG? I know you still like OSTK and CWH.
We need to hope for capitulation. That's when you make the money! Too easy to get blown up with chop for months
Anyone have a read on why the 20 year treasuries are continuing to drop?
TLT looks like crap.
TLT looks like crap.
wanderer said:
PLTR with a nice earnings miss and puke this morn.
amazing that over 5 years, it went from 29 to a 7 handle this morning.
and when I looked at the last 5 years, this is pretty much the all time low. imagine buying at 29, and a few years later your investment is at 8 today.
I bought 25 shares pre-market.
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
Unless we get a big up green candle on SPX or a big red candle on QQQ, I'm likely staying away from my morning TSLA play.
$30,000 Millionaire said:jamey said:ProgN said:The man speaks the truth. I'm not calling a bottom but imo, we need capitulation before we get there.$30,000 Millionaire said:
Guys, no offense, but none of you knows anything about when the bottom is. None of us do.
How do you judge capitulation?
Large downside with very high volume that V reverses. Psychological pain so severe that the average holder just wants to get out to keep what they have. Then the institutions laugh their asses off by taking the shares they sold you at the top off your hands at the bottom.
this is the fundamental point of trading I can not even conceptualize.
there are no losses UNLESS YOU SELL.
why would any non-institutional investor sell anytime in the last few months?!
this is the time to be buying and holding. it really doesn't get any simpler than that.
and even if the market continues to go down- I just buy more.
unless there are short squeezes and options expiring why would any rational human sell now?
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
Bob Knights Liver said:
Unless we get a big up green candle on SPX or a big red candle on QQQ, I'm likely staying away from my morning TSLA play.
Ask and ye shall receive. TSLA 830P. Stop at 837.
disagree with this in my case.Danwell Home said:
We need to hope for capitulation. That's when you make the money! Too easy to get blown up with chop for months
low cash position because I bought a house in late 2020 and have been buying stocks like crazy the last six months.
for me it's better to just keep this level the next 6 months
and then I dollar cost average in every two weeks at payday.
added SPY $400 puts. $1.50 entry. out of these.
$CWH showing some serious strength through this deep red day. Might be time to layer in another round of shares especially with over a 6% yield at these prices
Bob Knights Paper Hands
Joined:
Dec 22, 2010
Posts:
11,932
How long do you want to ignore this user?
Well I'm stopped out of TSLA puts. I'm not going to jump on the upside or get back into puts again this morning. That would be more gambling than trading for me. Technically I shouldn't have bought those puts in the first place, but fudged my rule a bit. This may be a good day for me to stay away or to simply buy/short shares instead of using options.
Surprised nobody has mentioned the gap at SPX 4020 from April Fools 2021.
If this post is on the B&I forum, lighten up it's just money!
Disclaimer: I'm not that smart.
Disclaimer: I'm not that smart.
SAVA green...
LMCane said:wanderer said:
PLTR with a nice earnings miss and puke this morn.
amazing that over 5 years, it went from 29 to a 7 handle this morning.
and when I looked at the last 5 years, this is pretty much the all time low. imagine buying at 29, and a few years later your investment is at 8 today.
I bought 25 shares pre-market.
I see you're not a WWR investor.
lots of chop
Mike Wilson of MS checked in on CNBC end of last week saying haven't tightened this hard since 1994. More pain ahead. There is no soft landing for the Fed. Pain for the next couple of quarters but "...the cake is baked."
Market multiple...Price is wrong. P/E needs to be at 15x or 16x. Currently, we are close at 17x. SP of 3800 is acceptable. Don't chase rally's. We are close to the end. Finish's by saying we all need to calm down. Everything will be fine on the other side.
Market multiple...Price is wrong. P/E needs to be at 15x or 16x. Currently, we are close at 17x. SP of 3800 is acceptable. Don't chase rally's. We are close to the end. Finish's by saying we all need to calm down. Everything will be fine on the other side.
Carioca Corredor said:
Mike Wilson of MS checked in on CNBC end of last week saying haven't tightened this hard since 1994. More pain ahead. There is no soft landing for the Fed. Pain for the next couple of quarters but "...the cake is baked."
Market multiple...Price is wrong. P/E needs to be at 15x or 16x. Currently, we are close at 17x. SP of 3800 is acceptable. Don't chase rally's. We are close to the end. Finish's by saying we all need to calm down. Everything will be fine on the other side.
So they're selling the **** out of everything they have to retail.
At least the share price can only go down another dollar and changeAgEng06 said:LMCane said:wanderer said:
PLTR with a nice earnings miss and puke this morn.
amazing that over 5 years, it went from 29 to a 7 handle this morning.
and when I looked at the last 5 years, this is pretty much the all time low. imagine buying at 29, and a few years later your investment is at 8 today.
I bought 25 shares pre-market.
I see you're not a WWR investor.
I'm just sitting and waiting at this point. Not sure I have a good reason technically to believe this, but I don't think the S&P500 reverses until the NQ does. Still think we have 800 NQ points to go
At what point does ARKK become a buy? It's down to $42 and basically back to 2018 prices now.
Featured Stories
See All
Texas A&M works to fill void left by Moss' season-ending injury
by Olin Buchanan
20:43
4h ago
636
Williams earns 350th career win as No. 23 A&M overwhelms Lamar
by Luke Evangelist
15:43
11h ago
1.2k
6:46
3h ago
311
Game Highlights: No. 23 Texas A&M 97, Lamar 71
by Matthew Dawson
55:45
15h ago
3.5k