Business & Investing
Sponsored by

Stock Markets

25,063,758 Views | 233823 Replies | Last: 5 min ago by FishrCoAg
wanderer
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:28a, 6/6/23
SEC suing Coinbase. Down 16% PM

Reply Quote
1
BaylorSpineGuy
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to wanderer • 7:38a, 6/6/23
wanderer said:
SEC suing Coinbase. Down 16% PM



Good thing the SEC acted quickly here or things could've gotten out of hand! Seriously, 4 yrs to bring a case?!?

Not surprised, but to say the least ashamed.
Reply Quote
8
FTAG 2000
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to wanderer • 7:39a, 6/6/23
AG
wanderer said:
SEC suing Coinbase. Down 16% PM



Going after Binance too. The globalists are going after crypto.
Reply Quote
1
bmoochie
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to bmoochie • 8:02a, 6/6/23
AG
bmoochie said:
Looking at MARA and its in a little Darvish box since Mid April. Buying around $9 and then selling or doing CCs around $10 could be an easy 10-12% increase. I have $8.61 area as support so lose that I think is when I would cut. Seems to be bouncing between the 50 and 200 EMAs in this box as well.



Filled some shares this morning at $8.95. Going to give this a try but with the Coinbase and crypto stuff could cause this to fail. We will see!
Reply Quote
2
$30,000 Millionaire
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:09a, 6/6/23
AG
Looking at indexes and not liking the premarket action. Probably traps.
You don’t trade for money, you trade for freedom.
Reply Quote
0708aggie
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:45a, 6/6/23
AG
Net free on TSLA puts entered yesterday. 6/9 210's. Leaving 10 as runners.
Reply Quote
1
wanderer
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:18a, 6/6/23
Old favorite MVIS is up 16% today (165% in the last month). Only reason I can think of why it's moving today is Apple's new headset. It has LiDAR in it and there may be a connection here.
Reply Quote
4
bone.
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to wanderer • 9:30a, 6/6/23
AG
this run-up the past month has been crazy! i was bag-holding at $4.96 for a while; i thought the $5.90 area would be resistance so i sold this morning at $6.

it's at $6.70 now, up 25%!
Reply Quote
1
bone.
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to wanderer • 9:33a, 6/6/23
AG
Reply Quote
1
FTAG 2000
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:39a, 6/6/23
AG
Sold all my MVIS this morning at the $6 resistance, figures.
Reply Quote
1
FTAG 2000
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to bone. • 9:41a, 6/6/23
AG
bone. said:
this run-up the past month has been crazy! i was bag-holding at $4.96 for a while; i thought the $5.90 area would be resistance so i sold this morning at $6.

it's at $6.70 now, up 25%!
Same here, was happy to get back to positive with this.
Reply Quote
2
bone.
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to FTAG 2000 • 9:58a, 6/6/23
AG
i'm still on the rookie squad during amateur hour in learning all of this, so i hope to be participating more on the thread.

the short float here is still something like 27% but i have no idea how sustained a short squeeze can last. i'm still happy with the trade this morning, the only thing i probably should have done differently is wait for the 1st hour of trading to play out?

i'd like to figure this one out since PLTR seems to be doing something similar...
Reply Quote
1
FTAG 2000
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to bone. • 10:00a, 6/6/23
AG
bone. said:
i'm still on the rookie squad during amateur hour in learning all of this, so i hope to be participating more on the thread.

the short float here is still something like 27% but i have no idea how sustained a short squeeze can last. i'm still happy with the trade this morning, the only thing i probably should have done differently is wait for the 1st hour of trading to play out?

i'd like to figure this one out since PLTR seems to be doing something similar...
PLTR is riding the AI bubble wave.

The MVIS run seems to be some combination of short squeeze and rumors their tech is being used by Apple.
Reply Quote
1
RulesForTheeNotForMe
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:10a, 6/6/23
AG
Is there literally anything besides the AI craze holding the market up right now?

  • Tech industry is laying people off in droves
  • Interest rates are at 7.0% (and probably going to rise another 1% before YE)
  • CRE is clinging by a thread & each interest rate hike only accelerates the issues
  • Everyone is screaming recession so Oil/Gas are getting killed
  • All earnings outside of AI have had forward looking comments that are pretty precautionary & pessimistic

All of the above, and yet SPY is within $1.5 of it's 1-year high from back in August 2022. Is the SPY number $431.73, then the collapse occurs? I'm no investing genius, but outside of the AI craze, what has spurred a 50 point run in SPY since March? Every indicator says the economy is screeching to a halt, yet it continues to march on.
Reply Quote
2
$30,000 Millionaire
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:23a, 6/6/23
AG
Like I was telling you guys - rough day to trade today.

I'm basically flat and just meh about it
You don’t trade for money, you trade for freedom.
Reply Quote
FTAG 2000
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to RulesForTheeNotForMe • 10:30a, 6/6/23
AG
RulesForTheeNotForMe said:
Is there literally anything besides the AI craze holding the market up right now?

  • Tech industry is laying people off in droves
  • Interest rates are at 7.0% (and probably going to rise another 1% before YE)
  • CRE is clinging by a thread & each interest rate hike only accelerates the issues
  • Everyone is screaming recession so Oil/Gas are getting killed
  • All earnings outside of AI have had forward looking comments that are pretty precautionary & pessimistic

All of the above, and yet SPY is within $1.5 of it's 1-year high from back in August 2022. Is the SPY number $431.73, then the collapse occurs? I'm no investing genius, but outside of the AI craze, what has spurred a 50 point run in SPY since March? Every indicator says the economy is screeching to a halt, yet it continues to march on.

Can't have a fall without a blowoff top and stranding a bunch of retail astronauts.
Reply Quote
5
wanderer
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to wanderer • 10:43a, 6/6/23
IMMR getting the same treatment now with big volume.
Reply Quote
1
EngrAg14
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to FTAG 2000 • 10:44a, 6/6/23
AG
FTAG 2000 said:
RulesForTheeNotForMe said:
Is there literally anything besides the AI craze holding the market up right now?

  • Tech industry is laying people off in droves
  • Interest rates are at 7.0% (and probably going to rise another 1% before YE)
  • CRE is clinging by a thread & each interest rate hike only accelerates the issues
  • Everyone is screaming recession so Oil/Gas are getting killed
  • All earnings outside of AI have had forward looking comments that are pretty precautionary & pessimistic

All of the above, and yet SPY is within $1.5 of it's 1-year high from back in August 2022. Is the SPY number $431.73, then the collapse occurs? I'm no investing genius, but outside of the AI craze, what has spurred a 50 point run in SPY since March? Every indicator says the economy is screeching to a halt, yet it continues to march on.

Can't have a fall without a blowoff top and stranding a bunch of retail astronauts.
Hoping my NVDA puts are far enough out to catch the decent to earth!
Reply Quote
$30,000 Millionaire
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:44a, 6/6/23
AG
you all are forgetting something important which is that the market tends to be forward looking.

it's not anticipating a major recession, it's expecting a fed pause and potential fed pivot, etc.

Doesn't mean we don't retrace, but I think the sub 3000 calls might be over for now. I kind of feel like 2014/2015 price action right now.
You don’t trade for money, you trade for freedom.
Reply Quote
5
Farmer @ Johnsongrass, TX
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to FTAG 2000 • 11:07a, 6/6/23
FTAG 2000 said:
RulesForTheeNotForMe said:
Is there literally anything besides the AI craze holding the market up right now?

  • Tech industry is laying people off in droves
  • Interest rates are at 7.0% (and probably going to rise another 1% before YE)
  • CRE is clinging by a thread & each interest rate hike only accelerates the issues
  • Everyone is screaming recession so Oil/Gas are getting killed
  • All earnings outside of AI have had forward looking comments that are pretty precautionary & pessimistic

All of the above, and yet SPY is within $1.5 of it's 1-year high from back in August 2022. Is the SPY number $431.73, then the collapse occurs? I'm no investing genius, but outside of the AI craze, what has spurred a 50 point run in SPY since March? Every indicator says the economy is screeching to a halt, yet it continues to march on.

Can't have a fall without a blowoff top and stranding a bunch of retail astronauts.
Or, you can have a continued rally without a recession. We definitely have inflation now, but I don't see a recession now or later.
Reply Quote
2
Triple_Bagger
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to wanderer • 11:08a, 6/6/23
wanderer said:
IMMR getting the same treatment now with big volume.
Sold someone some July C10s @ 0.5/contract. Love it
Reply Quote
Heineken-Ashi
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to $30,000 Millionaire • 11:25a, 6/6/23
$30,000 Millionaire said:
you all are forgetting something important which is that the market tends to be forward looking.

it's not anticipating a major recession, it's expecting a fed pause and potential fed pivot, etc.

Doesn't mean we don't retrace, but I think the sub 3000 calls might be over for now. I kind of feel like 2014/2015 price action right now.
Market attempts to be forward looking. But it's success at doing so has an awful track record.

Alan Greenspan: "It's only when the markets are perceived to have exhausted themselves on the downside that they turn."

The same is true in the opposite direction. And the omniscient market is always surprised.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
Reply Quote
5
Farmer @ Johnsongrass, TX
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
11:42a, 6/6/23
Quote:
"U.S. Secretary of State Antony Blinken travels to Saudi Arabia on Tuesday on a mission to steady Washington's relationship with Riyadh after years of deepening disagreements on issues ranging from Iran and regional security to oil prices."
"White House national security adviser Jake Sullivan traveled to Saudi Arabia on May 7."
"The aims of the trip include regaining influence with Riyadh over oil prices, fending off Chinese and Russian influence in the region, and nurturing hopes for an eventual normalization of Saudi-Israeli ties."
JB & Administration see the shortage coming and they can't continue to hide the data in the DOE/EIA Weekly Reports and then make adjustments in the Monthly Report to reflect the truth.

One can manipulate Futures paper to drive pricing one direction or another, but no one can hide a physical oil shortage.

Sending Blinken will only P.O. Saudi,...as Blinken has that natural ability.

Watch with patience.

Joe can't stop what is coming. Powell should pause in June and July with what's coming in energy.

Joe promised to make MSB and KSA a "pariah" in the world. Do you think MSB forgot that?

Saudi Oil Minister said Sunday they'll balance the market..whatever it takes. That is a signal/message to U.S. Big Oil and it's a sign of support. U.S. Big Oil is not ramping up for this Administration, rig counts are declining.

ETA: Did you know? The chick, Evan Ryan, White House Cabinet Secretary, is the wife of Anthony Blinken.
Reply Quote
8
1 edit
BaylorSpineGuy
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Farmer @ Johnsongrass, TX • 12:55p, 6/6/23
My only disagreement with your notion is that buoy say there's no recession this year and a call for $10 gas. If either happens, the other will almost certainly not.

Is this a faulty line of thinking? $10 gas and work from home will be the standard. Major recession and gas goes to $1.50 cause there won't be demand.

Not sure I can reconcile the two thoughts.
Reply Quote
1
cryption
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to BaylorSpineGuy • 1:04p, 6/6/23
Wouldn't $10 gas cause a recession? People can't afford to live, prices on everything go up crushing demand.
Reply Quote
4
Brewmaster
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Heineken-Ashi • 1:17p, 6/6/23
AG
Love it! great stuff Heineken.

I would add, when it appears there will be no recession to most of retail, boom, it rears it's ugly head. We have 10x the amount of money floating around vs what was in circulation in the 70's, but only a 2.5x increase in cost of goods. That is concerning.
Reply Quote
1
BaylorSpineGuy
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to cryption • 1:39p, 6/6/23
cryption said:
Wouldn't $10 gas cause a recession? People can't afford to live, prices on everything go up crushing demand.


Precisely. $10 gas would cripple everything. Demand for gas at $10 will be very low, prompting a price correction?
Reply Quote
1
Brewmaster
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to bmoochie • 1:40p, 6/6/23
AG
bmoochie said:
bmoochie said:
Looking at MARA and its in a little Darvish box since Mid April. Buying around $9 and then selling or doing CCs around $10 could be an easy 10-12% increase. I have $8.61 area as support so lose that I think is when I would cut. Seems to be bouncing between the 50 and 200 EMAs in this box as well.



Filled some shares this morning at $8.95. Going to give this a try but with the Coinbase and crypto stuff could cause this to fail. We will see!
Great timing! take some profits soon or set a stop. I completely missed entry, just been watching fruit.
Reply Quote
bmoochie
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Brewmaster • 1:52p, 6/6/23
AG
Definitely! Overshot my support line then put that tricksy in and been marching back up. Will set a stop on 75% of the shares and see if we have some more upward movement. If not I'll rinse and repeat
Reply Quote
Farmer @ Johnsongrass, TX
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to BaylorSpineGuy • 2:02p, 6/6/23
BaylorSpineGuy said:
My only disagreement with your notion is that buoy say there's no recession this year and a call for $10 gas. If either happens, the other will almost certainly not.

Is this a faulty line of thinking? $10 gas and work from home will be the standard. Major recession and gas goes to $1.50 cause there won't be demand.

Not sure I can reconcile the two thoughts.
Currently, spending (demand) for goods and services has not slowed and it continues with inflation added to the prices of what consumers are paying while energy remains cheap.

The U.S. economy is not weak, maybe not as strong as 2019, but not going in the toilet the bears are holding the lid open for.

U.S. Travel experts are now reporting vacations, rental cars and air travel have surpassed 2019 levels. People are spending.

Later as the pendulum swings to higher energy costs, demand for other goods and services should slow and those prices come down (inflation reduction), but not to the point of impacting the GDP and verifying the definition of a "recession". (IMO, if Powell raises rates in June OR July he will "hobble" the economy. IMO, if Powell raises rates in June AND July he will destroy the economy. By math, he should have one rate hike left that will deliver a serious blow to the U.S. economy at approximately 6 months after the hike. A second hike,....the interest will more than consume the Federal Budget...where does the money come from then to support the budget? Higher taxes?)

Right at this moment, this Administration and the Fed are dictating that all industry segments can have inflation except energy. Now, think about that scenario in reverse. The current scenario is not delivering a recession...hasn't yet. The second scenario won't either. Powell just has to stop raising rates.

If you can imagine the above in a chronological sequence, then add in the next election will deliver a President that is fossil fuel friendly. That President will encourage U.S. Big Oil to invest and not be threatened out of existence. Energy prices come down and there will be balance again.


Reply Quote
7
FishrCoAg
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to BaylorSpineGuy • 2:21p, 6/6/23
AG
BaylorSpineGuy said:
cryption said:
Wouldn't $10 gas cause a recession? People can't afford to live, prices on everything go up crushing demand.


Precisely. $10 gas would cripple everything. Demand for gas at $10 will be very low, prompting a price correction?


I'm interested to hear Farmer's take on these replies, as I suspect "$10 gas" is a bit of his way of saying oil and gas are going up from here, and not necessarily a set in stone prediction of how high. Put me on board for $100 oil all day.
Reply Quote
1
Boy Named Sue
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
2:21p, 6/6/23
AG
SPY wants to go, I think
Reply Quote
1
Bird Poo
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
2:30p, 6/6/23
AG
I'm in the camp that thinks $10 gas will push us into a recession. The optics of that will scare the crap out of everyone. The economy will no longer "hum along".
Reply Quote
1
Farmer @ Johnsongrass, TX
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to FishrCoAg • 2:36p, 6/6/23
FishrCoAg said:
BaylorSpineGuy said:
cryption said:
Wouldn't $10 gas cause a recession? People can't afford to live, prices on everything go up crushing demand.


Precisely. $10 gas would cripple everything. Demand for gas at $10 will be very low, prompting a price correction?


I'm interested to hear Farmer's take on these replies, as I suspect "$10 gas" is a bit of his way of saying oil and gas are going up from here, and not necessarily a set in stone prediction of how high. Put me on board for $100 oil all day.
Yes! You got the interpretation perfectly.
>
>
>
I do think $6 at the pump will be the high water mark for a U.S. average.

If you add 70 cents a gallon to a Texas gasoline price, you come pretty close to the price of gasoline everywhere else in the country...Rule of Thumb....generally speaking.

Side Note: The majority of the fuel we consumed on the Memorial Day trip to the Charlotte Motor Speedway Coca-Cola 600 was $3.25 to $3.29 = 87 Octane - zipping through 13 states in the process. My local price today is $3.40 = 87 Octane.
Reply Quote
2
cryption
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Farmer @ Johnsongrass, TX • 2:40p, 6/6/23
I'm not sure travel is an indication of a strong economy - since people are funding a lot of it using credit cards these days. CC debt is at an all-time high. To me that doesn't scream healthy economy. Layer in people living off a CC just to afford increases in prices. Yes people are spending - but they're spending money they don't have and won't be able to pay back.
Reply Quote
1
First Page Last Page
Page 6144 of 6681 ▼
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.