so any tech expert comment if we hit the bottom last week?

We won't know until we've tested the resistance line. Could be the bottom. Or could be a bear rally.

pic.twitter.com/wN5w55iKu3

— Texas42 (@TexasAggie42) May 27, 2022

Even if we run up to 4400 or 4500 this could still be a bear market rally. It's still a trader's market. I try to avoid strong convictions of what the market will do over the next 1-6 months. I try to make plans based on a variety of macro outcomes and not make all-in or all-out binary decisions. I'll let you know how that works out for me.

ProgN said:

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What was that stock a few months back that was going parabolic and the ceo kept buying it? You pointed out it was 3+ L.

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$ASAN

Yea, you called that one.

AFRM did a beautiful Olympic-quality dive too. Last year people were saying this is a "can't miss" stock for its alliances with WalMart and AMZN.

Then it became amazingly evident that this company has no way to be profitable any point in the near future and folks threw deuces. 176 high and has touched as low as 13. That's some humble pie. It's trading around $30 now, so still some 80% or so off its ATH.

Is anyone holding XOM or any other oil/energy/utilities companies long term?

Is the expectation that stocks in these categories will be going up in the near term? I am debating if I should rebalance my retirement accounts to have more exposure in these areas at the moment.

I'm sitting on a pretty big chunk of cash now that I've taken a bunch of TQQQ profits. (And sold all my QQQ to fund it.)

What would y'all see as good re-entries for both of those?

(TQQQ for short to medium term, QQQ as a long term hold.)

Brian Earl Spilner said:

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I'm sitting on a pretty big chunk of cash now that I've taken a bunch of TQQQ profits. (And sold all my QQQ to fund it.)

What would y'all see as good re-entries for both of those?

(TQQQ for short to medium term, QQQ as a long term hold.)

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The latter is easy. Now. Never sell it.

The former is harder. You have to judge on the price action.

Futures are closed, and don't open until 5:00 tomorrow.

Weirdish hours because of the holiday.
Friday, May 27

4:00 pm CT: Regular Close

Sunday, May 29

5:00 pm CT: Regular Open (Tuesday Trade Date)

Monday, May 30

12:00 noon CT: Trading Halt

5:00 pm CT: Reopen

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Quote:

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Howdy Ags. I was asked to share this GoFundMe for a young lady who was shot and is currently hospitalized and struggling to recover. She is related to a very close friend of mine who is also an Ag who served several years in the Air Force. Prayers and donations would be very welcome:

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This was posted in premium. If anyone can great, if not, please pray.

https://gofund.me/8146b49e

$30,000 Millionaire said:

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Brian Earl Spilner said:

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I'm sitting on a pretty big chunk of cash now that I've taken a bunch of TQQQ profits. (And sold all my QQQ to fund it.)

What would y'all see as good re-entries for both of those?

(TQQQ for short to medium term, QQQ as a long term hold.)

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The latter is easy. Now. Never sell it.

The former is harder. You have to judge on the price action.

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My thinking as well on QQQ. I'll probably just put a limit order in at $300.

TQQQ is the one I'm more concerned with. I had my next buy set at $25, which I upped to $25.50, but that might be too low.

I asked similar question a while back, but didn't get a response. What are y'alls thoughts on holding XOM for the short term or long term?

I am thinking about putting like 2% of my portfolio into it to see if it keeps going up over the summer with rising gas prices and rising demand, but part of me wonders if that's a bubble waiting to pop because at a certain point the price gets so high that people will stop driving as much.

You buy/hold energy as long as this administration is in power

For the Amazon split "shareholder at the close of business on May 27, 2022 will have 19 additional shares for every one share held as of such date reflected in their accounts on or about June 3, 2022"

So what happens if you buy on the 30th -June 2?

Alright, maybe a better move is to buy Amazon shares for the stock split.

The stock split doesn't guarantee positive price movement. If macros are going down and rates are going up, AMZN splitting their stock won't likely help much. I'm not saying not to buy it, just to make you realize this isn't a no-risk buy and forget it type of market for any stock.

Bob Knights Liver said:

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The stock split doesn't guarantee positive price movement. If macros are going down and rates are going up, AMZN splitting their stock won't likely help much. I'm not saying not to buy it, just to make you realize this isn't a no-risk buy and forget it type of market for any stock.

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Does stock splitting have any amplification effect in the future when amazon's value goes up?

People were asking GOOG and AMZN to split for forever and the calls went unanswered.

Then, as economy starts to contract, it's their first move. Seems like a ploy to sucker retail. May work out in long run but seems like a trap.

Used to it helped because there was a big segment of the population that might not be able to afford shares or might not be able to scale into shares if each share costs $3,000. Now with fractional shares available that isn't as big of a deal, but it still is because of options. For instance if I wanted to buy a stock and sell covered calls, it may be tough to afford 100 shares of AMZN in order to sell a single contract.

So there is still some effect of splitting shares potentially adding to the available buyer pool. However that not nearly as big a force as it used to be. Also if we go back to a selling market, things like this don't seem to make as much difference.

XXXVII said:

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Alright, maybe a better move is to buy Amazon shares for the stock split.

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Can you tell me your level of trading and investing experience so I can help you the best?

$30,000 Millionaire said:

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XXXVII said:

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Alright, maybe a better move is to buy Amazon shares for the stock split.

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Can you tell me your level of trading and investing experience so I can help you the best?

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No direct trading experience. I've only been following this thread to learn more.

For investing, I've typically just put my 401k into target date funds, but I want to improve my returns by getting more involved in managing things myself.

We need to take everything day by day but there is substantial airspace on the $QQQ which is a good sign.

Tonight we discuss bad news getting embraced by the market and setups I'm watching on $DIS $NVDA $AAPL $TSLA

New video is now live >> https://t.co/6FVSBcwNTV pic.twitter.com/34ofdjMgdm

— Dan 🐩🐩🐩 (@danshep55) May 29, 2022

While the math tells you a split does nothing to value, in this instance, with both share prices above $2,000, it's a volume amplifier.

AAPL traded 86 million shares on Friday
GOOGL traded 1.8 million shares on Friday

Reducing GOOGL and AMZN to roughly $110 per share with amplify volume and likely lead to more buyers, and thus an increase in price.

aggies4life said:

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For the Amazon split "shareholder at the close of business on May 27, 2022 will have 19 additional shares for every one share held as of such date reflected in their accounts on or about June 3, 2022"

You'll get additional shares like everyone else

So what happens if you buy on the 30th -June 2?

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I'm pretty sure I read that after a stock split most of these companies saw a 10% drop in price after the spit.

Not saying it will happen to GOOG and AMZN, but worth watching. Of course, my reading skills could be very poor also.

Red Red Wine said:

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I'm pretty sure I read that after a stock split most of these companies saw a 10% drop in price after the spit.

Not saying it will happen to GOOG and AMZN, but worth watching. Of course, my reading skills could be very poor also.

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its likely accurate as there is usually a run up into the split. Your scenario is the reconciliation.

I do think it's important to note that you shouldn't compare AMZN and GOOGL for any other reason than their share prices are similar. AMZNs margins are shrinking, significantly, and their market share is being eroded in a big way by other major retailers. Their AWS market share has been stopped cold by MSFT Azure.

GOOGL on the other hand is printing tens of billions a quarter in free cash flow.