i disagree with the consensus on tqqq not being a long term hold, decay is real but it will still outperform qqq easily

Yeah, when the boys finally decide enough is enough and to buy tech, it will outperform. It is not a long term hold though, it is a vehicle to be traded. This game is hard enough we don't need people trying to buy triple leveraged elf's for long term. But trade it all you want.

Sully Dog said:

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I like AMZN and VOO off of that list.

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CNBC pickers all stating last night that Google is a better buy right now than AMZN

for what it's worth.

https://apple.news/AdXSZqLdyR0ahbrVTh0oWuQ

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The Biden administration canceled one of the most high-profile oil and gas lease sales pending before the Department of the Interior Wednesday, as Americans face record-high prices at the pump, according to AAA.

The DOI halted the potential to drill for oil in over 1 million acres in Alaska's Cook Inlet, along with two lease sales in the Gulf of Mexico. The move comes as Biden has taken a few actions to combat high gas prices, despite his administration's generally hostile approach to the oil industry.

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utah, get me two said:

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i disagree with the consensus on tqqq not being a long term hold, decay is real but it will still outperform qqq easily

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From the prospectus -

ProShares UltraPro QQQ (the "Fund") seeks investment results for a single day only, not for longer periods. A "single day" is measured from the time the Fund calculates its net asset value ("NAV") to the time of the Fund's next NAV calculation. The return of the Fund for periods longer than a single day will be the result of each day's returns compounded over the period, which will very likely differ from three times (3x) the return of the NASDAQ-100 Index (the "Index") for that period. For periods longer than a single day, the Fund will lose money when the level of the Index is flat, and it is possible that the Fund will lose money even if the level of the Index rises. Longer holding periods, higher index volatility and greater leverage each exacerbate the impact of compounding on an investor's returns. During periods of higher Index volatility, the volatility of the Index may affect the Fund's return as much as or more than the return of the Index.

For what it's worth, GOOGL is just now getting into the hardware and wearable market. They haven't even begun to scratch the surface of that market, and they already generate cash more effectively and efficiently than any other US based company.

GOOGL is the first $3T company when we return to growth. It will rocket past Microsoft and Apple in my opinion.

What's up with Coinbase? They going under, taking all the crypto with it?

TSLA below $700 today

lobwedgephil said:

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Jet Black said:

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Does the the fact that vix was red on an overall red day mean anything?

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Just means you are seeing controlled institutional selling. This isn't panic selling, there is no fear, just constant controlled selling.

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Could be selling but the big boys are warming up to the bottom being in, so less put buying or more hedging with calls? That would keep VIX from spiking even though SPX prices are going down, right?

ProgN said:

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This morning could be a candidate for capitulation and reversal. The first 2 hours will be telling. Good luck to all.

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Last time TSLA opened up with a gap down at $700 it closed at $800 back on 2/24.

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Goldman Sachs Downgrades Coupa Software to Sell, Lowers Price Target to $64


Goldman Sachs analyst Gabriela Borges downgrades Coupa Software (NASDAQ:COUP) from Buy to Sell and lowers the price target from $83 to $64.

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Looks like GS and their cronies want to load up on COUP for themselves.

Quality names like GOOGL, AAPL, and a slew of others make a lot of sense to start buying in piece by piece down here for longer terms trades IMO.

Bonfire1996 said:

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HOOOOLY SHlT look at wholesale inflation with an 11 handle.

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When do we wake up to an unannounced rate hike? That'll introduce a level of pain much of the new trading populace hasn't experienced.

ProgN said:

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Quote:

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Goldman Sachs Downgrades Coupa Software to Sell, Lowers Price Target to $64


Goldman Sachs analyst Gabriela Borges downgrades Coupa Software (NASDAQ:COUP) from Buy to Sell and lowers the price target from $83 to $64.

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Looks like GS and their cronies want to load up on COUP for themselves.

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Are you trying to say they want to attempt a COUP on COUP?

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this is a good reminder not to store your crypto on an exchange. get a wallet.

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I know there have been a ton of threads on this, but any rec for the simplest way/place to do this? I don't have a ton of crypto - but damn sure enough that I don't want to lose. Have mostly BTC and ETH with a tiny bit of cardano.

What about a coinbase wallet? Is that at risk if coinbase goes down?

Red Pear DFW Luke said:

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McInnis 03 said:

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What's up with Coinbase? They going under, taking all the crypto with it?

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They came out and said that in the event of a bankruptcy, everyone could lose all their crypto stores with them. They also have $256B on their books between fiat and crypto.

As a Coinbase user - that doesn't settle right with me that I can lose my BTC because they have gone BK and I still lose my coins. Even if they are worse less - I should still be the owner.

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So if everyone makes a run on Coinbase and takes their crypto to a wallet, does this crater Coinbase?

Bonfire1996 said:

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HOOOOLY SHlT look at wholesale inflation with an 11 handle.

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The only positive I get from these monthly inflation numbers is from updating that arrogant *****'s thread on F16. Yes, it's petty but he deserves his monthly skull ****ing and hopefully he learns some humility.

texagbeliever said:

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ProgN said:

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This morning could be a candidate for capitulation and reversal. The first 2 hours will be telling. Good luck to all.

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Last time TSLA opened up with a gap down at $700 it closed at $800 back on 2/24.

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I looked back at this thread for what was happening on 2/24.

Russia declared war on Ukraine the night before. Otherwise no good news that should have caused a big morning rally that i can see. It sounds like AAPL & TSLA just turned around and lifted the market back up. Could we see a similar play with yesterday freeing up space for shorts to cover and start a big rally up?

Has this been posted lately? That seems like a lot of fear

https://www.cnn.com/markets/fear-and-greed

Oh its a joy to see the updates to that thread.

Please don't get it locked.

Luna situation explained: