Siegel and the others on CNBC screaming for emergency rate cuts yesterday look like idiots now.
Stock Markets
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Last: 46 min ago by Ragoo
If the Fed does that, then get ready for another selloff.Ag CPA said:
Siegel and the others on CNBC screaming for emergency rate cuts yesterday look like idiots now.
Riskier play - Bought 8/9 TSLA $210 calls looking for $215 on the low end and $230 max gain.
"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)
- I Bleed Maroon (distracted easily by signatures)
The supposedly historic amount of money on the sidelines and in money market funds would start rotating elsewhere, much of it into stocks.ProgN said:If the Fed does that, then get ready for another selloff.Ag CPA said:
Siegel and the others on CNBC screaming for emergency rate cuts yesterday look like idiots now.
In the short term, I would think the opposite would happen.
Anyone adding ALB?
An emergency rate cut would trigger algos to dump equities because the Fed would appear to being incompetent and trying to stave off a severe recession. The market hates uncertainty and equities would be crushed. Even worse is that it would make the Fed appear political and be criticized by half the country and have zero credibility.Brian Earl Spilner said:The supposedly historic amount of money on the sidelines and in money market funds would start rotating elsewhere, much of it into stocks.ProgN said:If the Fed does that, then get ready for another selloff.Ag CPA said:
Siegel and the others on CNBC screaming for emergency rate cuts yesterday look like idiots now.
In the short term, I would think the opposite would happen.
And then get trapped as liquidity for sellers.Brian Earl Spilner said:The supposedly historic amount of money on the sidelines and in money market funds would start rotating elsewhere, much of it into stocks.ProgN said:If the Fed does that, then get ready for another selloff.Ag CPA said:
Siegel and the others on CNBC screaming for emergency rate cuts yesterday look like idiots now.
In the short term, I would think the opposite would happen.
"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)
- I Bleed Maroon (distracted easily by signatures)
What caused the mid day drop
Bulls had lunchhedge said:
What caused the mid day drop
Still haven't decided if Im buying SMCI. Couple mins. Gut says up. Heart says be careful.
"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)
- I Bleed Maroon (distracted easily by signatures)
gougler08 said:Bulls had lunchhedge said:
What caused the mid day drop
Must have been in ciesta the past hour.
ABNB bloody
"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)
- I Bleed Maroon (distracted easily by signatures)
Last ten minutes sucked jeez
first move may be the fake out, LFG!Heineken-Ashi said:
Still haven't decided if Im buying SMCI. Couple mins. Gut says up. Heart says be careful.
I'm a spectator. Rooting for everyone here in on it.Brewmaster said:first move may be the fake out, LFG!Heineken-Ashi said:
Still haven't decided if Im buying SMCI. Couple mins. Gut says up. Heart says be careful.
"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)
- I Bleed Maroon (distracted easily by signatures)
Sold recently bought SMCI at $715, holding IRA shares
The last hour had a high chance of happening. Running into 2pm, MACD diff was green practically all day. The averages were just switching back and forth on the 10 min chart, then started to cross and separate. Scalp opportunity presented itself as RSI was also showing overbought started to drop as selling took over. I grabbed some quick cash with a low cost put a few days out. These are the opportunities I've been working to find and today it worked out in my favor.
always stick with your gutHeineken-Ashi said:
Still haven't decided if Im buying SMCI. Couple mins. Gut says up. Heart says be careful.
First SMCI target hit.
SMCI beats and 10:1 split.
"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)
- I Bleed Maroon (distracted easily by signatures)
Boom! take that shorts!
Should've bought SMCI
Not over yet. $725 area acting as resistance as expected. Need it to blow through that.Brewmaster said:
Boom! take that shorts!
"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)
- I Bleed Maroon (distracted easily by signatures)
I couldn't do pull the trigger. Made a profit with SMCI in July but it scares me. My 2:59 PM decisions are rarely my best.EnronAg said:always stick with your gutHeineken-Ashi said:
Still haven't decided if Im buying SMCI. Couple mins. Gut says up. Heart says be careful.
My buy for SMCI at $600 executed and seconds later hit my $700 limit sell on my other shares
LUMN mooning
If SMCI can't get over that earnings boom high, pressure can still be down for one more low. We have unprinted targets to the downside and none to the upside.
Edit: I lied. We have a daily probability target to $815 and weekly to $400. Wide spread, which is what gave me pause. Both can get filled, as weekly has a week left before it drops off the list.
Edit: I lied. We have a daily probability target to $815 and weekly to $400. Wide spread, which is what gave me pause. Both can get filled, as weekly has a week left before it drops off the list.
"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)
- I Bleed Maroon (distracted easily by signatures)
My range was $1.50 - $7.50 for earnings. Too wide to play. But looks like its going to get the upper.EliteZags said:
LUMN mooning
"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)
- I Bleed Maroon (distracted easily by signatures)
Lol. I thought I was getting a deal unloading my dead and buried LUMN leaps the other day for a 50% loss
Rebought my 10 SMCI shares that I sold at 720.
(4 @ $650, 6 @ $630)
(4 @ $650, 6 @ $630)
Why not, in and out of LUMN afterhours with some beer money
Futures have given back most of the gains.
El Chupacabra said:
Anyone adding ALB?
Started a position at 80.
My whole port (outside CZR) may as well be a TexAgs ETF.
The name of the Company is Lumen Technologies, a cutting edge Tech and AI firm out of the Midwest. pic.twitter.com/S1ZsGn0Ca0
— High Yield Harry (@HighyieldHarry) August 6, 2024
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