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

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

Bob Knights Paper Hands
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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
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I'm at a local watering hole and the OU vs UCF softball game is on (don't ask me why) and the camera was on this one girl and the announcers were saying how good she throws, then as she started to jog off the field the camera dropped down to her ass. I can blame him though.
$30,000 Millionaire
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AG
ProgN said:

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.


$ASAN
You don’t trade for money, you trade for freedom.
ProgN
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Yea, you called that one.
BaylorSpineGuy
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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.
XXXVII
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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.
DeSantis 2024

FJB, FJB, FJB, etc
Brian Earl Spilner
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AG
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.)
$30,000 Millionaire
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AG
Brian Earl Spilner said:

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.)


The latter is easy. Now. Never sell it.

The former is harder. You have to judge on the price action.
You don’t trade for money, you trade for freedom.
FJ43
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Memorial Day weekend Gents.

Let's remember what this coming day means. So much more than we have the freedom to trade stocks, achieve what we desire and chase our dreams.

Many paid the price we don't deserve.

Much respect for our military service members and those who protect us each day. Forever in their debt.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

lobwedgephil
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Futures are closed, and don't open until 5:00 tomorrow.
slacker00
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AG
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
ProgN
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Savage and damn funny
ProgN
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https://www.gofundme.com/f/mayah-zamora?utm_campaign=p_cp+share-sheet&utm_medium=copy_link_all&utm_source=customer

Quote:

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

https://gofund.me/8146b49e
Brian Earl Spilner
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AG
$30,000 Millionaire said:

Brian Earl Spilner said:

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.)


The latter is easy. Now. Never sell it.

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


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.
$30,000 Millionaire
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AG
It will hit $25 again. Maybe less.
You don’t trade for money, you trade for freedom.
XXXVII
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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.
DeSantis 2024

FJB, FJB, FJB, etc
astroaggie27
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You buy/hold energy as long as this administration is in power
Brian Earl Spilner
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$30,000 Millionaire
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AG
You missed the move.
You don’t trade for money, you trade for freedom.
aggies4life
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AG
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?
XXXVII
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Alright, maybe a better move is to buy Amazon shares for the stock split.
DeSantis 2024

FJB, FJB, FJB, etc
Bob Knights Paper Hands
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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.
XXXVII
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Bob Knights Liver said:

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.


Does stock splitting have any amplification effect in the future when amazon's value goes up?
DeSantis 2024

FJB, FJB, FJB, etc
BaylorSpineGuy
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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.
Bob Knights Paper Hands
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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.
$30,000 Millionaire
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AG
XXXVII said:

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


Can you tell me your level of trading and investing experience so I can help you the best?
You don’t trade for money, you trade for freedom.
XXXVII
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$30,000 Millionaire said:

XXXVII said:

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


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


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.
DeSantis 2024

FJB, FJB, FJB, etc
ProgN
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BaylorSpineGuy said:

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.
I don't believe their split announcement was a play to sucker retail but more of a change of leadership and seeing how TSLA's split's made Musk the wealthiest person on the planet. They just got crushed just like everyone else in this bear market. They are also fund faves and will command their share of the cash accumulating on the sidelines. AMZN has a huge gap to fill up to 2800 and they could get there if inflation appears to have topped and with aunt Jenny and uncle Forrest buy it because it's affordable now.
Bob Knights Paper Hands
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Bonfire1996
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AG
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.
Lake08
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aggies4life said:

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?
Red Red Wine
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AG
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.
Bonfire1996
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AG
Red Red Wine said:

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.
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.
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