I thought of this song after your pics.

ProgN said:

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I thought of this song after your pics.

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Awesome song! And we try….

Ragoo said:

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The movie theatre is my least favorite place anywhere. Next to theme parks - and I have a week at Disney beginning next Sunday.

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I'm usually right there with you and only go to movies when I take my son but when I saw this trailer a few weeks ago in the theatre with the sound system they have now, I have to watch it there. Plus I'm an old and was a pumped 14 yr old when the original came out. I told my Dad, who served in the Navy, that I wanted to be a fighter pilot on a carrier. He called me a dumbass that would crash into the ship and informed me since I didn't have 20/20 vision, they'd never let me fly but they'd let me fuel them and air up the tires. Tough love but Dad he didn't beat around the bush.

We were talking about when to enter the market with cash earlier this week and it was suggested to watch when Redler does it. His target for next 25% is 3620.

I did my first 25% “blood on the street entry for a cash account for this type of market when $spx was down 17%. The next 25% tier will be $spx 3620 “if” we see it. I have room for Four tiers. (I did this 2018 and 2020).

— Scott Redler (@RedDogT3) May 21, 2022

Nice

So do we rally again from here? Or reverse on 3950?

Karsan seems to be alluding to a rally. Curious for your thoughts.

A lot of people calling for rally, which is concerning. I see no reason why 3950 would be rejection spot technically. I try to avoid predictions to not have a bias, just let the chart tell you. But I do find the recent statements yesterday from Demark interesting, he is one off the best technical guys,

It's the Model T retrace from 4090 and 3810.

Gotcha, thanks. Don't trade futures that way, but good area to keep in mind.

Disclaimer: I haven't delved into this company so I don't know their customer base, debt, prospect or anything, I'm just now becoming interested because of what it did after the covid selloff. I know we have a lot of people in this thread that can offer insight better than me and I want people to chime in.

The stock is FSLY and their business pertains to the cloud, that's pretty much all I know right now. That said, FSLY went from $11 during the covid panic to $120+ in 6 months. I'd like to hear from people in that industry and get their opinion if they think it will weather this storm and not go out of business. If it can do that then this stock should easily go back to $50+/share. I'm not recommending it yet, but I considering planting it and forgetting about it.

The stock is cheap enough that I wouldn't play it with options but if anyone does, then go into leaps. If their customer base is solid and don't go out of business, then this is a life changing opportunity at $11, especially in IRAs.

There's no wrong answer and I'm not going to say you're wrong if someone familiar with FSLY says it's a POS.

You are probably right it goes back to $50. But what this correction has shown me, is to avoid the high flyers exactly like this one, and just hold the blue chips long term portfolio. Of course everything is hurting,. but the blue chips aren't destroyed like these.

Now just for a trade, I am all for it, just a longer term trade.

I agree with all that and I'm trading the bigs but if it doesn't go out of business then they have demonstrated a lot of institutional interest and could really go ballistic.

I will do more research this weekend since you like it. Insiders had no interest, institutions and funds is a mixed bag.

Cool, thanks.

I think fastly has a future.

Bought Jumia all the way down, already reaping the rewards. Wouldn't mind it going to $3 or $4. It will be a $100 stock within the decade.



The Closer you are to death, the closer you are to life - YouTube

Good find.

That said, it would have to cross through the 200ema line to get there.

I don't know all the details but FSLY #1 customer used to be TikTok. With the threat of the US suspending TikTok (whenever that was) they moved a lot of their content to someone else and FSLY lost out on that. Not sure what their other prospects are, but I remember that story

https://www.smh.com.au/world/europe/sexual-form-of-monkeypox-blamed-for-global-spread-of-virus-20220522-p5anga.html

I reported this to you all yesterday :-).

Good refresher for newer….or experienced traders.

Many new traders think a profitable day is one where every trade wins, but rarely the case. Many of my profitable days involve a stop out. Like any business, its good risk management & tight cost control that drives profitability. Impossible without it - regardless your win rate

— Adam Mancini (@AdamMancini4) May 22, 2022

Philip J Fry said:

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That said, it would have to cross through the 200ema line to get there.

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I'm setting an alert on it crossing the 50-ema as an actionable event. I'll buy a bit then.