Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[trobin31]

This is going to be a BTFD STFR market for tech until April/May, maybe June...until you see big tech show strength just assume lower highs and don’t expect to reach double or triple tops

Look at valuations, stay off margin and don’t be afraid to hit the sell button after rips

you can keep Weed and Solar in your pocket but don’t expect any near term movement...solar I am in CSIQ ASTI & of course always TSLA

for weed I am in HEXO & AGFY

I added Deutsche Bank and going all in on energy this year coming out of a several year consolidation....XOM MRO URG UCO...yes they’ve run up...they will continue to run up all year!

Steel; X still adding, new relief Bill is already fat with infrastructure money and expect another heavier infrastructure focused bill later this year or next year...Steel, X cld easily go 2-3x

[Slurry Pumper]

The SPY is hanging around taken time off the clock waiting to go up and test the 389 area I spoke of over the weekend. I'll hammer the short when it does probably tomorrow.

[Snowball]

The tech is the problem or SPY would be over 4k already.

WMT is cheap here 128/9. CHS you know about. VKIND last week with "D".
Merger with CEI and higher oil prices, balance sheet of combined co is easily
worth $2 that is 100% gain from here while is sleeps in D land before the merger.

[Slurry Pumper]

The tech is the problem or SPY would be over 4k already.

Its been hot for too long with everyone chasing the same stuff and heading for the exit at the same time.
I think it takes the rest of the market with it. Gonna try to short IWM this time down.

[trobin31]

The tech is the problem or SPY would be over 4k already.

WMT is cheap here 128/9. CHS you know about. VKIND last week with "D".
Merger with CEI and higher oil prices, balance sheet of combined co is easily
worth $2 that is 100% gain from here while is sleeps in D land before the merger.

Ca Ching on CHS!! You the man...VKIND...I like the stock!

[trobin31]

$SIX...unfortunately those 9% expected gains are 20% already...I can smell the sun-tan lotioned milfs already

$DIS do you smell Turkey legs...did you see Investor day presentation? ....years of Disney plus lineup for Marvel, Star Wars? What if you could combine Netflix & Magic Kingdom?

[homie1975]

The Wife is saying this is a dead cat bounce ala last Friday. I wonder if she's secretly talking to my buddy 2er?

[Slurry Pumper]

Ok I'm selling the rip going into the close today. Taking a chance because the stimulus bill will probably pass today and there is a chance the setup is for a rally from here. The SPY is right at the descending line I have drawn into my chart and from here I think they could fall away. I'm wrong pretty quickly above the 390 to 391 area so I cover around that area. The risk is a gap and go tomorrow, but I don't think that will last long if it does do that but it could give me a shyt burger to eat so I'll keep my short play smaller.

[zam77]

Still holding my ILUS shares. The big updates should be coming this month. Liking the upside through March at least.

[DISTROYA]

nice call on grwg trobin, got some at 38 yesterday

[Madison]

Trailing stops right ?

Yes, % trailing. I've hit way to many days where my stops got exercised and they flipped from open to close. It's challenging to calculate the correct % when you have a few < $20 stocks and some NVDA circa $550 stocks. My saddest one was 600 shares of RIOT circa
3.50 (300 shares stopped out). Got stopped and it went to 6ish the next day or so. Needless to say I didn't rebuy.

Right now I'm focused on infrastructure. I think the next stimulus is coming here. In MP and INFR.

GL!

[Madison]

Bought dip on EVFM, “Magi-lube” @2.3

new entries on Nano-explore, my first graphene play...

URG@1 even....Uranium play

added to dips on CLSK@21 NNDM@6.5 TSNP@2.9

Would you kindly provide a little more detail on your graphene play. Much interest here.

[Madison]

Sorry to jump in as an amateur but I got invested in mostly NASDAQ Tech funds just in the beginning of February and now I'm already down significantly. I did not sell anything can someone that has been around the markets tell me approximately how many months it will take to get back over the 14000 levels so I can recoup most of my losses thank you. FOMO Got The Best of Me and I realize now I should have waited before jumping in the water at very high prices.

No issues dude. Timing has gotten the best of us.

Figure out what you have conviction in and at what price, and why. For instance I personally have owned NVDA for a time. I have conviction circa $500. For good or bad I just bought the dip circa $470 ish.

[Madison]

Thank you again. Are you for hire LOL. Sincerely appreciated. Will patiently look for that push and GTFO.

Infrastructure is where I'm looking. MP and INFR or IFRA. Big bill coming.

[Madison]

This is going to be a BTFD STFR market for tech until April/May, maybe June...until you see big tech show strength just assume lower highs and don’t expect to reach double or triple tops

Look at valuations, stay off margin and don’t be afraid to hit the sell button after rips

you can keep Weed and Solar in your pocket but don’t expect any near term movement...solar I am in CSIQ ASTI & of course always TSLA

for weed I am in HEXO & AGFY

I added Deutsche Bank and going all in on energy this year coming out of a several year consolidation....XOM MRO URG UCO...yes they’ve run up...they will continue to run up all year!

Steel; X still adding, new relief Bill is already fat with infrastructure money and expect another heavier infrastructure focused bill later this year or next year...Steel, X cld easily go 2-3x

Infrastucture, Lithium, and Cannabis for me. TNNCF (Pot). I've been riding LIACF up and down from 170-320. Takes some b@lls but been timing very well and prospering.

[Slurry Pumper]

Ok so the same thing happen today that happened on 3/1/21 so it worked out last time and several times in life before when I noticed this a couple of years ago, and it will probably work out again. As the theory goes, when the chart puts up a bullshyt tail candle wick on the board, that spot is soon to be visited in terms of price. The last time a bullshyt candle wick was on 3/1, and soon after the SPY was down there for a ride down past the 50DMA. Today the tail wick on the daily candle is again a fake tail candle, the price was never down around the $382 level so I bought some SPXU when it was a couple of cents below $390 with the expectation that the SPY will be back down that way real soon. To put a full stack conspiracy on it, you can see that the trend line got spiked a little bit today before retreating to close where? Just below the 20DMA. There are no accidents here folks (another axiom of mine), this is a sign picked up by my tin foil hat that the SPY will soon be on the decline and where does it go down to? How about the other trend line down to around 365 or so.

[homie1975]

[Slurry Pumper]

EVFM (Magi-Lube) starting to catch a bid here now that the CEO Saundra Pelletier stepped in and bought 45K shares. A good vote of confidence after a lousy earnings report. I think they need some advertisement. I'm and old white guy so I can exactly go out and run a poll of little skanks about a gel you wipe on with a fancy tampon stick. I have asked around to all my old creepy white guy friends to see if they know of anyone on the Magi-Lube and no-one has heard of it. Some dudes are bringing it up to their 'ole ladies, and getting some surprising answers of excitement and interest.

[rm18]

Roblox stock just came out should be very popular among first time/ fairly new buyers.

[Crusherrr]

Roblox stock just came out should be very popular among first time/ fairly new buyers.

Love it but just couldnt buy in at $64 or w/e it went out as. $45-$55 I was in.

I spend $100/week on this stupid game for my kids.

[trobin31]

EVFM (Magi-Lube) starting to catch a bid here now that the CEO Saundra Pelletier stepped in and bought 45K shares. A good vote of confidence after a lousy earnings report. I think they need some advertisement. I'm and old white guy so I can exactly go out and run a poll of little skanks about a gel you wipe on with a fancy tampon stick. I have asked around to all my old creepy white guy friends to see if they know of anyone on the Magi-Lube and no-one has heard of it. Some dudes are bringing it up to their 'ole ladies, and getting some surprising answers of excitement and interest.

We are early on this one...they key here will be doctors offering it...they are currently doing their trial on whether Magi-lube prevents STDs, once that study is done and I suspect it will show good results at preventing STD’s, then it will likely be added as a first line prohylaxis for women who do not tolerate hormonal contraception. Once that happens this will 10x easily.

[trobin31]

If you missed MARA or RIOT grab CNET or SOS while you still can

[allabout the $$$]

If you missed MARA or RIOT grab CNET or SOS while you still can

Your not worried about the hindenberg report on sos?

[trobin31]

Your not worried about the hindenberg report on sos?

That’s like asking the question....who do you trust more...the Pimp or the crack dealer?

in the end the it’s the product and sector they are in with momentum that will allow for mid to long term swing...I am in the camp bitcoin is going to the fuk’n moon this year...and these miners are a way to leverage this thesis

[flyingillini]

It was a struggle and lots of waiting , but I got Roblox at $64.50, anyone else get in on this?

[trobin31]

It was a struggle and lots of waiting , but I got Roblox at $64.50, anyone else get in on this?

I got one share to watch, will wait for another broad market correction as this is likely to be one of first to get chopped

[Slurry Pumper]

Looks like a gap up this morning in the SPY, Dow, and Nasdaq. The Nasdaq is a divergent market as yesterday when the DOW and SPY gapped up and where able to hold or even make gains, the Nasdaq turned around and took a dump, and a big steaming pile at that too. It ended up losing a little bit but still a pretty sizable loss after the gap up. I'm still mildly short the SPY and to a way lesser extent IWM and will be until and unless the SPY can start closing hourly candles above the 394.50 to 395 area. Until then I'll be adding to my short positions. If I get stopped out well that's the life of a trader you win some and you lose some. Yesterday the SPY had a hard time getting any momentum while the IWM did well. IWM is one of my indicators of stuff to come. Today the stimulus effect seems muted so far in the futures but we have unemployment coming in about an hour so something tells me that will be a catalyst, and the 80 - 20 rule makes me believe they will be faked to the lower number rather than the higher number. This may be enough for the good time boys to come out and buy. We will see how the bull bear battle goes when the SPY hits the 394 area.

[homie1975]

[Snowball]

Don't buy tech now.

Find value or wait for the market to get cheaper.

Remember --- waiting IS a position.

[Enkhbat]

Spy went up significantly for the last couple of days. I guess it is the stimulus? Should I buy back the put option I sold when it was 380?

[homie1975]

Don't buy tech now.

Find value or wait for the market to get cheaper.

Remember --- waiting IS a position.

Snower, I believe the low point for the near term was the 12,600 close on 3/8

I bought and lowered cost on multiple positions between 2/22 and 3/8 and IMHO i believe we have found the support and we are now going up for the near term so i don't know how long people should wait.

[trobin31]

I tend to agree with valuations should absolutely now come into play before buying any stock whether its tech or a boring utility....you'd do very well well to listen to Snowy advise there...and this is coming from someone drinking bull milk straight from the teets all last year

it is easier to ride momentum and speculate with minimal downside when you think the Fed has your back...I was completely expecting the usual Feb/Mar correction we always see and started trimming 10-20% profits in January and rotating into energy and consumer as I've mentioned multiple times already

However, what I was not expecting is the fact the Fed is not in absolute control of the bond markets as we might think....the Bond yields are still in a very Bullish pattern and another breakout could signal another steep sell-off in growth stocks

So, I am considering valuations much more heavily now before buying any stock...previously it was easier to just go by fundamentals & technical patterns for buying and not worry about valuations as much ...as long as I knew the cash flow was increasing exponentially, understood the underlying business, management & addressable market then I was fine

Its okay to buy growth but consider the P/S and forward P/E before hitting the buy button. If its trading above 20 P/S you best have a stop loss placed else you will wake up one day to yield switch being flipped up 0.5% and witness a 50% drawdown in your stonk before you've had your morning coffee

I haven't seen the latest numbers but the amount of retail and institutions leveraging margin is riduculous....this means those positions can get close in a blink of an eye and if you think the nasdaq can't drawdown 30% in less than a few days just based off this simple fact of everyone being leveraged to the I have beach front property in Alaska for you

[Slurry Pumper]

I'm not so sure that the market has found a near term bottom. Sure Nasdaq hit correction territory but the S&P had a minor pull back, and even yesterday when I piled into a heavier short position when the SPY was at 394, it didn't get me to buy back my shares with a break out. Today, I will probably take whatever the market gives me in a pullback, then I'll wait for that all time high close on the SPY and a little volume on the follow through before I start with the happy days are here theme. As the states open all the way up, I don't see good economic times ahead, just higher commodity prices, high unemployment, higher bond yields, and more civil unrest.

It is possible that yesterdays all time high in the S&P was a trick, trap, and Fuk you over maneuver. Short sellers should have been jumping out yesterday which starts a bigger move, but I just didn't see it.

[Slurry Pumper]

Ok the market is set to crash down. At the open I took a small profit on my short play and went long the SPY and IWM so that is sure to bite me.

[Iona]