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

[Slurry Pumper]

Yeah the market is going up on manipulation only. No one wants to buy stocks at these prices but we need the stock market to keep going up to help the recovery story.

I think the Trumpster will come out some time this week with an announcement on China that will just stop the market cold. Today I'm watching to see if the S&P can hold the 200 day moving average. It failed yesterday and today they moved it up again on total bullshit so we will see if the market can hold. The volume so far says no. BTW if the market does close over 3000 on the S&P, I'll give KVB, (I think, maybe it was someone else) the 300 bet points he offered to people to bet him earlier this month. Although I didn't actually bet, I have no idea what bet points are good for and it would be a stand up thing for me to do anyway.
Even though it looks like we will see a 3000 S&P close, this is a very weak market and buying at this level is very dicey in my opinion. If your not a stock trader and just a passive investor, I would caution that there are several indicators that are showing me that things won't be here for long. Basically the only thing holding the market up at this point is the work done by the FED, and so far he and his friends have been doing an amazing job, but you can just see the increasing pressure with the market.

I currently long on several positions, but I can and will turn on a dime when the time comes.

[navyblue81]

Glad I dropped Moderna. Talk about a plummet.

[homie1975]

rotation going on, profit taking out of Tech and going into other sectors. broadly, the market still getting stronger, just a reallocation/rotation going on. my opinion.

[Slurry Pumper]

rotation going on, profit taking out of Tech and going into other sectors. broadly, the market still getting stronger, just a reallocation/rotation going on. my opinion.

Yeah, I see the rotation attempt, but they just don't have any follow through so far. We need some volume in the financials specifically, and the industrials.

[Iona]

Earning after the close today:

[Snowball]

SPX collapse under 200ma

[Iona]

Earnings before the bell tomorrow:

[POTVINSUX]

Has PENN reached its climax?! Currently $32.35

[whydubya]

PLAY popped off today too..had been undervalued in the entertainment field

[Snowball]

the technicals caused a short covering EOD
dangerous time to play it either way now.

[Slurry Pumper]

Well it looks like I'm gonna try and give Homie1975 300 points here, just as soon as I figure out how to do it.

[pavyracer]

Well it looks like I'm gonna try and give Homie1975 300 points here, just as soon as I figure out how to do it.

You can't give him 300 points at once. You can give him 2 points every day for the next 150 days. You have to be a Pro to give full points away.

[pavyracer]

The longer the shorts wait to cover the fastest the market shoots up. We are up almost 20% since I called the latest rally when everyone was panicking after a two days of drop.

[JayLA]

COST earnings on Thursday

monster.

what does this mean for COST?

[homie1975]

what does this mean for COST?

Well I'm a holder of this stock so I'm biased. What I see is a well managed company with a strong balance sheet and solid consistent growth the last ten years. Earnings should be strong as they have quite a following around the world but who knows what the forward guidance will be.

[milwaukee mike]

PLAY popped off today too..had been undervalued in the entertainment field

right there with you

they set a floor on the stock with the secondary offering to jeffries at $10.45/share... diluted the stock a bit to limit the upside but i still think it's worth $25

the cowards and naysayers keep hiding while the rest of us get rich

JUST TODAY
mcs +10%
play +19%
penn +10%
amc +10%
mik +24%
bhr +7%
ryi +8%
kss +15%

pretty sure i mentioned all of those as good buys over the past couple months, so you're welcome everyone

[Iona]

Earnings after the close today:

Costco may set the trend for tomorrow.

[Iona]

Earnings before the bell Friday:

[Slurry Pumper]

You can't give him 300 points at once. You can give him 2 points every day for the next 150 days. You have to be a Pro to give full points away.

Sorry dude then, I'm not that committed to the cause and in reality 300 points isn't that much in actual worth. I'll right a note for myself if I ever go PRO, but in reality that doesn't appeal to me at this time. The perceived perks just aren't there for me to go PRO.

[Snowball]

S&P and Dow have been way outside their bollinger bands. Some retracement is overdue now.
McConnell is unlikely to produce a second package that would cause another stimulus rally.
Do Not Chase.

[navyblue81]

right there with you

they set a floor on the stock with the secondary offering to jeffries at $10.45/share... diluted the stock a bit to limit the upside but i still think it's worth $25

the cowards and naysayers keep hiding while the rest of us get rich

JUST TODAY
mcs +10%
play +19%
penn +10%
amc +10%
mik +24%
bhr +7%
ryi +8%
kss +15%

pretty sure i mentioned all of those as good buys over the past couple months, so you're welcome everyone

Good job. Keep the tips coming.

Been on BRK-b this week and it’s up about 5% since investment. Not bad but was hoping for better.

[milwaukee mike]

huge takedown... russell 2000 down almost 2% now

[chico2663]

right there with you

they set a floor on the stock with the secondary offering to jeffries at $10.45/share... diluted the stock a bit to limit the upside but i still think it's worth $25

the cowards and naysayers keep hiding while the rest of us get rich

JUST TODAY
mcs +10%
play +19%
penn +10%
amc +10%
mik +24%
bhr +7%
ryi +8%
kss +15%

pretty sure i mentioned all of those as good buys over the past couple months, so you're welcome everyone

kss has been very good for me.

[milwaukee mike]

kss has been very good for me.

since it was 10 i've been saying it's either worth 35 or 0, and it probably ain't worth 0!

yes the stores are too big but they have a nice niche, decent price point and it's not embarassing to buy clothes there like it would be at target/walmart

lot of competition disappearing (jc penney, neiman marcus, j crew, etc etc) so the retailers left standing should do OK

[Shafted69]

Drumpf's swamp buddies must've all sold and taken short positions today. They're getting ready for Drumpf's fake news fest tomorrow.

[SBR_Guest_Pro]

Sorry dude then, I'm not that committed to the cause and in reality 300 points isn't that much in actual worth. I'll right a note for myself if I ever go PRO, but in reality that doesn't appeal to me at this time. The perceived perks just aren't there for me to go PRO.

you should go pro. it's worth it

[Shafted69]

Jerome's printer must've broke during last hour of trading.

[Enkhbat]

Jerome's printer must've broke during last hour of trading.

haha good one, I wish I was in charge of the functionality of Jerome's printer.

[homie1975]

anyone have any opinions on CLX?
i've been stalking it for a month.
a few weeks ago it hit $210
a few days ago $197
I was waiting it out a little longer then the fugger snapped back and i ended up entering at $203 today.

i am feeling buyer's remorse.

my thought was that corporate america will begin reopening soon and constant cleaning will be en vogue.

also thinking the home cleaning obsession will continue through this fall and winter as well.

thoughts?

[milwaukee mike]

anyone have any opinions on CLX?
i've been stalking it for a month.
a few weeks ago it hit $210
a few days ago $197
I was waiting it out a little longer then the fugger snapped back and i ended up entering at $203 today.

i am feeling buyer's remorse.

my thought was that corporate america will begin reopening soon and constant cleaning will be en vogue.

also thinking the home cleaning obsession will continue through this fall and winter as well.

thoughts?

i have clients that purchase a lot of that stuff for stores... stuff like masks, thermometers, hand sanitizer, prices on all that stuff has fallen back down over the past week or so as distributors/wholesalers over bought

yes there's additional cleaning but how much and for how long remains to be seen... i think people start getting dizzy/headaches from the chemicals all over their desks so they quit being obsessed with that stuff real quick... just like the masks, people are finding out how bad that is for you to wear a mask for hours

[JAKEPEAVY21]

Just checking into this thread. Going to look into some of the stocks some of you are suggesting. The only stocks I own currently are Amazon, Google, Tesla, Microsoft and Intel. Looking to add a couple others potentially with this year's IRA contribution.

[homie1975]

i have clients that purchase a lot of that stuff for stores... stuff like masks, thermometers, hand sanitizer, prices on all that stuff has fallen back down over the past week or so as distributors/wholesalers over bought

yes there's additional cleaning but how much and for how long remains to be seen... i think people start getting dizzy/headaches from the chemicals all over their desks so they quit being obsessed with that stuff real quick... just like the masks, people are finding out how bad that is for you to wear a mask for hours

Mike - good info and thank you. i am watching it closely and will be ready to eject if needed. i am a long term investor so this is probably not the stock for me to hold much longer. we shall see.

i had several positions that started running away from me that was not going to be able to average down on any time soon if ever, so i wanted to put some money to work yesterday. so i entered (small nibbles to start):

CLX of course
NKE
WMT
PYPL

the only one of the four that i felt any remorse on was CLX

the others especially WMT and PYPL are much closer to the ATH than i am typically comfy entering a position on, but they are long term holds so i just needed to get the eff in LOL

[Slurry Pumper]

you should go pro. it's worth it

I'll look into it, but the only thing I invest in is the NFL and the Stock Market, and craps when I'm at the casino in person. Other than that I could care less about poker even though it is a fascinating skill in person (not sure about online). Then when it comes to charity, I usually like to give my bucks to animal related entities. Mostly because as a true asshole, I could care less about the outcomes of humanity on an individual basis.

As for today, I bet the Trumpenator comes out with some pretty rough statement against china. You can kiss Hong Kong bye bye in terms of being a financial center for the world. I can't believe that the occurrences over there having been having an effect yet on our stock market. He will make his statement after the close of course so that the plunger boys can come up with another vaccine can'tidate. I've been shorting the company the day after the announced trails and doing very good, so don't chase, just short right before the close that day. Check it out for youself, Gilead, Monderna, and the other one which the name escapes me now but it was the latest one from last week. Check all of their charts and you can see what a good short call that is on the day after the announcement. I perdict it happens again next Monday. Partly due to the China fallout, and partly because the market is way ahead of itself and it will need a hype story to keep from going below the magical support that the plunger boys worked so hard to get above. The rotation that is needed is in action although the breath and follow through in volume just aren't there.

[Madison]

Mike - good info and thank you. i am watching it closely and will be ready to eject if needed. i am a long term investor so this is probably not the stock for me to hold much longer. we shall see.

i had several positions that started running away from me that was not going to be able to average down on any time soon if ever, so i wanted to put some money to work yesterday. so i entered (small nibbles to start):

CLX of course
NKE
WMT
PYPL

the only one of the four that i felt any remorse on was CLX

the others especially WMT and PYPL are much closer to the ATH than i am typically comfy entering a position on, but they are long term holds so i just needed to get the eff in LOL

Bud, you've previously made it very clear of your lack of affinity for ATH. Don't remember when I offered up DOCU, but the point is if it's "the new normal" you have to view it with a different perspective. BOL, I've been PYPL for quite some time and holding long. Also, own BYND and kicking myself I lightened at $118, but we'll see.

I've also done quite well with "Lithium" recently. I have some ALB and a few others. Would appreciate others perspective here.

BOL, to all.

[homie1975]

Bud, you've previously made it very clear of your lack of affinity for ATH. Don't remember when I offered up DOCU, but the point is if it's "the new normal" you have to view it with a different perspective. BOL, I've been PYPL for quite some time and holding long. Also, own BYND and kicking myself I lightened at $118, but we'll see.

I've also done quite well with "Lithium" recently. I have some ALB and a few others. Would appreciate others perspective here.

BOL, to all.

you are absolutely right. i like DOCU but i am holding CRM which has been good for me and of course they have a partnership with DocuSign. i believe there are other esign companies (like Assuresign) that can gain popularity and hurt DOCU a bit hence my trepidation. with CRM you get the best in class most sought after sales enterprise software that is head and shoulders above the next guy. i am just not sure if DOCU is that much higher than the competition. i am all ears if you have something. please let me know if i am out of my mind here