I haven't had a day this bad since … (checks notes) two weeks ago
Stock Markets
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Last: 10 min ago by confucius_ag
Very fair and I respect your opinion and generally I agree the next 6-12 months doesn't have a great outlook so from that perspective yes I would wait. I was moreso saying that in college in general, he has more time to wait out a downturn. But the outlook doesn't look great for the foreseeable future in stocks. I don't see a ton that jump out as great value right now.Heineken-Ashi said:
That's fine. But I'm someone who thinks any value gained in the short term is going to be completely erased over the next 6-12 months. So from my point of view, there's nothing to be gained, only lost.
I'm expecting a different downturn than most. And a major market top either being in or will be in short order. One where we will not see ATH again for a very long time. So from my perspective, investing here for long term gains in index funds is a fools errand, as your money would be dead money for a very long time. At least waiting for the next (or first) significant bottom, you could deploy on a shorter term outlook to book some gains on a bounce of some sort, whether it be months or years long.HoustonAg2014 said:Very fair and I respect your opinion and generally I agree the next 6-12 months doesn't have a great outlook so from that perspective yes I would wait. I was moreso saying that in college in general, he has more time to wait out a downturn. But the outlook doesn't look great for the foreseeable future in stocks. I don't see a ton that jump out as great value right now.Heineken-Ashi said:
That's fine. But I'm someone who thinks any value gained in the short term is going to be completely erased over the next 6-12 months. So from my point of view, there's nothing to be gained, only lost.
I will absolutely be going mega long again, hopefully sooner rather than later. But it won't be for a long term timeframe. It will be strategic and have a defined target. The days of DCA'ing and watching the market grow endlessly are gone IMO. Investing has to be more point to point going forward, or very strategic in specific sectors or stocks.
"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)
After they split 10:1 on 10/1 then you'll own 720 shares in your Roth and 140 in your trading account. Then you can write 7 CC in the Roth plus 1 in your trading account. Their options will still have a lot a juice because their float will only be 550M shares. You can write those weekly and pocket premium if shares aren't called away.Brian Earl Spilner said:
Well for one thing, CC's would be completely new to me, although I could see this would be a good opportunity to learn them.
But the main problem is I have those shares scattered on two Schwab accounts. (72 in Roth, the rest in brokerage.) And don't have enough left in my Roth to get me up to 100.
Would really love for it to just pump the last hour, only to dump right before close.
That would really help the sentiment around here.
That would really help the sentiment around here.
what do you think of the diamond top now on S&P? or what do you see? Rip to ATH on NVDA earnings, then hide the kids, at least that's my feeling.
That's ok, I expected most everyone here to say put it in individual stocks. I wouldn't say you can't learn anything from an index fund though. There's plenty to learn about diversification, managing a portfolio, watching the ups and downs and how that makes you feel emotionally. There's so many funds/ETFs today and you can add additional risk/reward with QQQ, SOXX, MTUM, sector ETFs etc. without waking up to something like SMCI or a bankrupt company like what happened to me in college haha. Good ol' GT Advanced Technologies!HoustonAg2014 said:Chef Elko said:
Personally, I wouldn't move into individual stocks. You could keep it in index funds and hopefully graduate with a nice little head start with possibly $20-30k or so.
Respectfully I disagree. He is in college and can afford to take risks. He has a lifetime to put into index funds if he wishes. This is a great learning time for him and he won't learn anything putting into an index fund.
I just wanted to share my personal experience and what I would do if I had a do over. I learned how to lose money when high flying stocks fail and wish I just kept it in Fidelity Contrafund.
Nothing has changed on my uncertainty for NVDA. Calls have priced in a very certain bullish move. Like $16. Puts have not priced in a lower move. I can make a case for both directions. That means I sit on the sidelines.Brewmaster said:
what do you think of the diamond top now on S&P? or what do you see? Rip to ATH on NVDA earnings, then hide the kids, at least that's my feeling.
"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)
Same here.harge57 said:That was actually my thinking prior to this whole debacle and why I bought more SMCI yesterday. I think we would have seen a big push up on SMCI on good NVDA news, and it has a much higher ceiling. I am very uncertain on how that will all play out now.Brian Earl Spilner said:
So in the event (which is hopeful at this point) that NVDA beats, y'all think they pull up SMCI along with them?
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VIX certainly elevated today, unlike the past few days while the market went down. With all of the data conserning the economy and the nearterm direction of fiscal policy, it is fascinating to me that it would all hinge on guidance delivered by NVIDIA. To the extent that I habe a hard time buying into that.
TLDR: Market cra cra!
TLDR: Market cra cra!
Great point.
I'm going to be educating myself on how to approach CC's, and maybe ask a bit of advice on here, but I'm definitely interesting in doing this on my Roth account.
I'm going to be educating myself on how to approach CC's, and maybe ask a bit of advice on here, but I'm definitely interesting in doing this on my Roth account.
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Brewmaster said:
what do you think of the diamond top now on S&P? or what do you see? Rip to ATH on NVDA earnings, then hide the kids, at least that's my feeling.
That's basicall my play summed up. I'm longer than I should be, so if nvidia disappoints I'll take it on the chin.
Your mileage may vary, but I tried to learn my lessons on a cheap stock like JMIA when playing with covered calls.
It was easy to get 100 shares and I didn't feel like I had a bunch of eggs in the basket, so I was able to treat it like the learning lesson it was without having too much emotion/ego tied into it.
It was easy to get 100 shares and I didn't feel like I had a bunch of eggs in the basket, so I was able to treat it like the learning lesson it was without having too much emotion/ego tied into it.
Hell you can get $1.40 for the $550's that expire this Friday, crazy premiumbmoochie said:I don't know anything of your finances but why not add the 14 shares for ~$6k at this point and do weekly CC's? your costs basis lowers and premium is always juiced. might be able to make a little extra on it and if it recovers and get your shares called out then no harm?Brian Earl Spilner said:
Boy I'll feel a hell of a lot better about things if SMCI can recover to 460-480 range at least.
Up to 86 shares @ $546. Probably nearing what I feel comfortable holding for now. Maybe I'll up that 100 if we start seeing clear indications of a bottom, but that's it.
Next week's $550s are going for about $4 as of this post. Just a thought since you are so close to 100 shares already.
10 MINUTES
Ties up your shares through end of week for $140 on a strong downtrend. Not worth it unless you are willing to ride no matter how low it goes.gougler08 said:Hell you can get $1.40 for the $550's that expire this Friday, crazy premiumbmoochie said:I don't know anything of your finances but why not add the 14 shares for ~$6k at this point and do weekly CC's? your costs basis lowers and premium is always juiced. might be able to make a little extra on it and if it recovers and get your shares called out then no harm?Brian Earl Spilner said:
Boy I'll feel a hell of a lot better about things if SMCI can recover to 460-480 range at least.
Up to 86 shares @ $546. Probably nearing what I feel comfortable holding for now. Maybe I'll up that 100 if we start seeing clear indications of a bottom, but that's it.
Next week's $550s are going for about $4 as of this post. Just a thought since you are so close to 100 shares already.
"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)
Here we gohedge said:
10 MINUTES
See you all on the other side.
SAVE US NVDA, PLZ
4:20 ET. Thats a good sign
.
This is like a drug. When your portfolio hinges on one stock (that I really don't own much of outside of a large fund), you know the crash is gonna be hard.
Chef Elko said:
SAVE US NVDA, PLZ
We're all just gambling at this point
No, not all of us.hedge said:
We're all just gambling at this point
"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)
Yeah I guess I assume someone is holding for more than a few days if they are cost averaging down like BES has beenHeineken-Ashi said:Ties up your shares through end of week for $140 on a strong downtrend. Not worth it unless you are willing to ride no matter how low it goes.gougler08 said:Hell you can get $1.40 for the $550's that expire this Friday, crazy premiumbmoochie said:I don't know anything of your finances but why not add the 14 shares for ~$6k at this point and do weekly CC's? your costs basis lowers and premium is always juiced. might be able to make a little extra on it and if it recovers and get your shares called out then no harm?Brian Earl Spilner said:
Boy I'll feel a hell of a lot better about things if SMCI can recover to 460-480 range at least.
Up to 86 shares @ $546. Probably nearing what I feel comfortable holding for now. Maybe I'll up that 100 if we start seeing clear indications of a bottom, but that's it.
Next week's $550s are going for about $4 as of this post. Just a thought since you are so close to 100 shares already.
Well, I don't know about you guys but I am having a lot of fun this month.
Beats whisper revenue by $.15bn and misses whisper eps by $.02.
Q3 guidance beats expectations and slightly lower than the whisper number
Margins in line at 75%
Q3 guidance beats expectations and slightly lower than the whisper number
Margins in line at 75%
$50B stock buy back.
"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)
So does this mean it is or isn't the apocalypse?
Already rolling over tits up.
Ruh roh, R****!!!
Prepare thy anus
Guidance and margins not enough for Wall Street. Already down 9 points as of this post
Edit to add: who ****ing knows. Possible stop loss raid as it's back up almost to where it closed.
Edit to add: who ****ing knows. Possible stop loss raid as it's back up almost to where it closed.
Why fall
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