FEDEX withdraws guidance, gets hammered AH

What's it going to take to understand the government is lying to us on the jobs numbers.

Everyone is currently laying people off but jobless numbers continue to decrease.

FedEx just announced a massive layoff without mentioning the numbers. Closing 90 retail locations and five corporate locations. That is at least a thousand people.

Idea for some of y'all scalpers that have day jobs.

Made just 2 rounds of trades today from a cell app. Both to short side based on alerts. You can see my buy and exit trade times. Also you can calculate my gain %.

Once I got at least 15% up I set a trail and went on about my day.

Carlo4 said:

---

Appreciate the share. Why I love this board. I know I told my story about my dad being way too big in tech and stuck in ICU.

In one week, he should be in a full rehab facility to get stronger. In one month, he will be home! Incredible watching how far he has come in the last week from not eating and walking to now eating full meals and taking 50 steps at a time!

I have sold 450 of his 1000 shares of Apple (along with the other tech plays) at a $170 average to allow a $75k cash position and diversify his portfolio into retirement dividend plays (5% or higher annual). I feel I got him a good ROI by selling a good chunk now, and the rest can be done with as he pleases

He will not be thrilled about the loss of shares but he pays zero taxes in long term gains due to his other massive tech losses. I'm hopeful he can look at all this and decide to use a broker to help handle his money and continue to diversify his holdings.

---

Following up…

My dad is in outpatient therapy 3 days a week. He's back living at home and enjoying the good life as best he can. I took off part time temporarily from my job to help the family between my wife and infant. He's at a point where I can go back full time. Hard to believe 11 weeks ago he nearly died in my arms.

Finance related - He was so thankful I took over his investments temporarily. I sold the stuff he was terrified to touch just because he bought in at the wrong time. He's sitting 45% cash at the moment. I bought about 10-12 dividend stocks plus he still has his Apple.

He's up about $60k in the 2 months I had it, so thankful for that.

We will get to sit down more this weekend and discuss where he goes from here.

Thanks again for any advice or just reading and listening. God bless

Carlo4 said:

---

Carlo4 said:

---

Appreciate the share. Why I love this board. I know I told my story about my dad being way too big in tech and stuck in ICU.

In one week, he should be in a full rehab facility to get stronger. In one month, he will be home! Incredible watching how far he has come in the last week from not eating and walking to now eating full meals and taking 50 steps at a time!

I have sold 450 of his 1000 shares of Apple (along with the other tech plays) at a $170 average to allow a $75k cash position and diversify his portfolio into retirement dividend plays (5% or higher annual). I feel I got him a good ROI by selling a good chunk now, and the rest can be done with as he pleases

He will not be thrilled about the loss of shares but he pays zero taxes in long term gains due to his other massive tech losses. I'm hopeful he can look at all this and decide to use a broker to help handle his money and continue to diversify his holdings.

---

Following up…

My dad is in outpatient therapy 3 days a week. He's back living at home and enjoying the good life as best he can. I took off part time temporarily from my job to help the family between my wife and infant. He's at a point where I can go back full time. Hard to believe 11 weeks ago he nearly died in my arms.

Finance related - He was so thankful I took over his investments temporarily. I sold the stuff he was terrified to touch just because he bought in at the wrong time. He's sitting 45% cash at the moment. I bought about 10-12 dividend stocks plus he still has his Apple.

He's up about $60k in the 2 months I had it, so thankful for that.

We will get to sit down more this weekend and discuss where he goes from here.

Thanks again for any advice or just reading and listening. God bless

---

That's great and thank you for sharing.

Nothing more important than God and family for me. Savor everyday like it could be the last. I think about my dad everyday, he died 2 years ago, and I'd give anything for one more laugh, beer and hug with him.

30K, can you ask us if we're all super bearish?

Dude is so hard to follow.

Agree with Irish Pete. Not easy to understand, but I gleaned a few things:

There is downside risk and this is a period of market weakness.
Capitulation is not that close. We will likely see saw down for a while. No capitulation until severe loss of hope and financial desperation. Suspect it's 3-6 mos away, likely after new year.

Beyond that, the guy speaks Greek (literally lol), but feel he never frontruns or gives misleading advice. Comes across as sincere, but who knows.

I don't like that Cem tries to sound smart. Speaking in language anyone can understand is the true gift.

In an uptrend you measure the low to high and Model T is the midpoint. If it loses or is not supported at the halfway mark then chances are more downside. Opposite usually true in reverse. The trade is to Model T either way. Once confirms the half way mark (up or down) you can look to trade further in the trend direction.

A H&S is a Head & Shoulders pattern. Upright is bearish. Inverted in bullish. Generally as a pattern. The pattern shown is a upright or bearish trend. Given that combined with losing Model T you would look to trade it short.

Regardless of above price level SRs (Support and Resistance) should be defined. The instrument or stock may have solid support or resistance at any level. For me, sometimes I trade it back to the Model T but may exit at a strong SR on the way in between.

Hope that helps. That is my redneck short version.