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

[homie1975]

scrolling through WSJ page you’d think the world was about to come to an end

GOOD!

oppty's to average down on current positions where it makes sense, and Opening New Positions !!!!!

[Slurry Pumper]

Looks like the QQQs are a little lower this morning. I'm getting rid of my most recent puts and then i'm in hold mode for the morning to see which way the wind blows. I think things rebound this week so I will probably pick up some IWM calls at some point if it pulls back a little this morning. (214.50, 213.50),

[Snowball]

trobin it's even in the name - Bo-TOX, and they can't figure it out.

[Slurry Pumper]

What you guys have a bias against paralytic toxin styles of medical treatments. Have you seen some of those lips they can sculpt. Great stuff, I wish they would inject that stuff in other areas as well. Lets see the freak show of body manipulators go wild with other unnatural looking appendages or features. If there are a couple of horror stories its all the better entertainment for me.

[trobin31]

I usually don’t short but I am going short DWAC all the way to single digits

[Madison]

Can anyone help with a chart/site of equities leverage and short perc?

[teecee]

Anyone buying this SE dip. Trobin? I'm sure you're still in it. Down ~$100. I'll read up, but just thought I'd check in.

[trobin31]

Can anyone help with a chart/site of equities leverage and short perc?

Finviz, just look up ticker and will give you short percentage, float size, insider/institutional %

if you go to FINRA.org you can see Margin debt, spoiler alert, it’s up-only

[Slurry Pumper]

Anyone buying this SE dip. Trobin? I'm sure you're still in it. Down ~$100. I'll read up, but just thought I'd check in.

This thing is just dropping fast. It is right at a slight level of support from the past, but i don't see any other support until 220. It also looks like a systematic selling program going on. The 4 hour chart shows every morning a selloff followed by a slight return in the afternoon only to get the beat down the next day.
Speaking of the next day, today the overall market is on the way up and it has had no effect on this stock.

I may try a falling knife trade at around the 221 level, but I wouldn't be hodling this.

[trobin31]

Anyone buying this SE dip. Trobin? I'm sure you're still in it. Down ~$100. I'll read up, but just thought I'd check in.

I haven’t bought or sold, I think it’s gonna come down more especially if rates hike, if we get an exit pump I would like lily trim position and look to buy in bear market

[teecee]

Yeah I bought some SE around $125 early last August and sold at the end of January to buy something else. Hadn't paid much attention lately. Just noticed today the dramatic, recent decline.

[homie1975]

Anyone buying this SE dip. Trobin? I'm sure you're still in it. Down ~$100. I'll read up, but just thought I'd check in.

My cost base on SE is $315, so I'm down like 22%.

I will usually buy another batch of a stock i like long term, when down 25-30%, however when a stock is in Red on an overall green day for the broader market, that tells me it is in pretty bad shape and I need to wait it out.

I might join you for more fun on this one /ifwhen it touches the 220's....

[chico2663]

I usually don’t short but I am going short DWAC all the way to single digits

Looks like it is up today. I m too big a chickenshit to short. Gl my friend.

[chico2663]

By cryptic message, Elon is supposed to let us know if tsla will split . Details on dec 9th.

[trobin31]

Closed the UVXY, watch for another inside day on Monday. If we don’t get a large bearish engulfing pullback reloading...

taking a shot on a leveraged IWM FD, TNA 78c Dec 10

VIX has come off hard, TNA calls already up 200%

[trobin31]

Just saw transports IYT gapped up...I think this might be off to the races until we come up to opex and fomc end of next week

[homie1975]

The market is getting very oversold. VIX is way outside its top Bollinger Band, the % of stocks in the Nasdaq above their 50 day lines is now under 20%, % of stocks above their 200 is under 26%. If it sells off much more it would be a good time to start to nibble.

Josher you called it.

i took a more conservative approach.

i wonder if we still get a quick pullback if some negative Omicron data comes out or the CPI number this Friday is a high one.

what are you thinking here ?

[Slurry Pumper]

We have a bone e fide rip you a new one rally going on and the way the markets closed today tells me that it ain't done just yet. I think one more day gets us around the all time high. Then the CPI comes out and that may send the blowoff rocket into the Fed speaking later this month, or an inflection with another top as things dip again. My bet is a dip, but I will hold the buy or sell button close buy as this should be a large move either way.

[guitarjosh]

Josher you called it.

i took a more conservative approach.

i wonder if we still get a quick pullback if some negative Omicron data comes out or the CPI number this Friday is a high one.

what are you thinking here ?

I'm watching for a Zweig breadth thrust, but news (of a red hot CPI in this case) trumps charts

[trobin31]

All the major indices are dry humping resistance, probably grabbing puts on any kind of fake breakout

[homie1975]

I'm watching for a Zweig breadth thrust, but news (of a red hot CPI in this case) trumps charts

"thrusts" of any kind are usually good

[Madison]

Finviz, just look up ticker and will give you short percentage, float size, insider/institutional %

if you go to FINRA.org you can see Margin debt, spoiler alert, it’s up-only

Much appreciated!!

[Sanity Check]

[trobin31]

Sitting on my TZA as a hedge...have a feeling some good news is coming to counter trade the herd though...


I am going to add to HUT & MARA calls if goes down more.

[Slurry Pumper]

Inflation numbers come out a little hotter than expected and the market takes off anyway. The FED comes on out later next week. I think we trade up until then. I'm still shorting the QQQs at $400 with the March 18,2022 end with PUTS at the $400 strike price. I'm going to add to that position a little probably either later today or early Monday depending on how I see the tea leaves for the weekend.

[Madison]

Sitting on my TZA as a hedge...have a feeling some good news is coming to counter trade the herd though...


I am going to add to HUT & MARA calls if goes down more.

Waiting for entry point for HUT. Waiting on re-entry for MARA (Still hold some). Unclear why RIOT is trailing? Coinbase next looking ready to add for me.

Gut feeling is the crypto trade has a bit more loss coming?? Then I'm a buyer.

[trobin31]

Waiting for entry point for HUT. Waiting on re-entry for MARA (Still hold some). Unclear why RIOT is trailing? Coinbase next looking ready to add for me.

Gut feeling is the crypto trade has a bit more loss coming?? Then I'm a buyer.

Not sure, if BTC loses the 50 MA on the weekly could definitely retest the lows from this summer, it took out the support trendline it’s held since March 2020 which is not a good sign, but to me it’s really a matter of when not if...they are trying to shake people out of what’s likely to be the single most valuable asset of our lifetime so expecting bumps and bruises along the way

[Madison]

Not sure, if BTC loses the 50 MA on the weekly could definitely retest the lows from this summer, it took out the support trendline it’s held since March 2020 which is not a good sign, but to me it’s really a matter of when not if...they are trying to shake people out of what’s likely to be the single most valuable asset of our lifetime so expecting bumps and bruises along the way

Agreed. I'm looking at circa 40K as support.

[homie1975]

I don't own any crypto but have been holding COIN as indirect exposure. I don't want to own crypto at this time, maybe after I learn more about the mechanics.

I do want exposure so now I'm thinking of switching over to ETF GBTC and/or ETHE.

do any of u hold these and what do u think?

[Slurry Pumper]

Coming up this week is Powell intentionally popping the bubble with the taper action in the Fed. Monday may be OK however.

[trobin31]

Coming up this week is Powell intentionally popping the bubble with the taper action in the Fed. Monday may be OK however.

You think he is gonna pull a surprise rate hike?

Seems like taper is priced already...

I think they’ll run the market up higher before announcing the hike this spring or as early as February

[Slurry Pumper]

I think he announces a rapid taper to finish at the end of March. Then some FED speak about looking to see how that goes. He can't raise rates like he needs to however so all he has is talk and taper. If he makes a surprise rate hike of even 1/4 point, markets would flip the fvk out and drop like a stone. He isn't gonna do that he wants to be rehired.

[hehfest]

Ponzi? Insiders Dump Stocks To Their
Own Companies At Record Pace

[Madison]

Crypto/Blockchain Proof of Work versus Proof of Stake

Very interesting short article for the beginner. Somewhere I read that POS uses 99.5% less energy than POW. 2 totally different ways of mining. I wonder what this means for the RIOT's and MARA's of the world's future?

Ethereum 1.0 is supposedly using POS and Ethereum 2.0 apparently definitely will.

Proof of Work vs. Proof of Stake: Beginner’s Guide - (blockchain-council.org)

[Madison]

Very interesting short article for the beginner. Somewhere I read that POS uses 99.5% less energy than POW. 2 totally different ways of mining. I wonder what this means for the RIOT's and MARA's of the world's future?

Ethereum 1.0 is supposedly using POS and Ethereum 2.0 apparently definitely will.

Proof of Work vs. Proof of Stake: Beginner’s Guide - (blockchain-council.org)

If you found this article of interest, you may enjoy this read. Essentially the impact that Quantum computing could potentially have on Crypto. A little geeker but interesting.

Blockchain Vs. Quantum Computing: Is Quantum Computing the Biggest Threat to Crypto? - (blockchain-council.org)