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

**homie1975** · 07-25-23, 11:10 PM

Originally posted by d2bets

$62+. Parabolic uptrend remains in place. Up like 800% in the past 5 months.

still cannot believe it was $390 in OCT 2021 wowwww

**bhoor** · 07-25-23, 11:16 PM

Originally posted by homie1975

All Time Highs in all 3 indexes occurred in late Nov 2021 over 12 mos after the 2020 election was decided and ~10 mos after the current POTUS took the oath on 1/20/2021.

did you sell everything when the new guy took the oath?

Played penny stocks, buying early/after markets and selling at the open. Every stock I bought started to lose by $5k, $6k etc. It wiped me off in few months. You could say somewhere around $60k us.

**bhoor** · 07-25-23, 11:17 PM

Few covid stocks I made $15k trading in a day. After Biden took office, there was bloodbath in penny stocks.

**Snowball** · 07-26-23, 01:24 PM

Short IWM small caps for Triple Top and higher rates
volatility likely soon

**guitarjosh** · 07-27-23, 03:20 PM

We had some huge bearishing engulfing candles today in higher volume. This isn't a good sign...

**Slurry Pumper** · 07-27-23, 03:34 PM

Yeah, I didn't have a chance to buy any calls when the week started, but I was able to add onto those longer term PUTS yesterday and a little today at about noon, then it was a steady slide down right into the close for the day. We'll see how it ends this week, but so far there is another doji candle brewing on the weekly chart for all the indexes

**homie1975** · 07-27-23, 06:58 PM

buyers took a breather from the DOW winning 13 straight sessions.

Japan Bank.

Bonds.

nothing to see here.

**Snowball** · 07-28-23, 04:54 PM

markets weren't red today, but it was a lower high than yesterday.

i still like chances for pullback by next week.

**chico2663** · 07-29-23, 07:38 AM

Nip up to 14. Bought that stuff at 1.98.

**d2bets** · 07-29-23, 10:00 AM

Originally posted by chico2663

Nip up to 14. Bought that stuff at 1.98.

NIO? You must have bought in 2019. I have it too, from about $10. RIVN too. Hopefully they keep running.

**Madison** · 07-29-23, 11:18 AM

I've traded it for the last 2 years or so between 6-10. I got caught with my pants down this time as I sold mid 9's. Still have 40 shares but ouch. Oh well live and die by the sword.

**Slurry Pumper** · 07-31-23, 06:47 AM

This week is just like the last 2 weeks for me, I will continue to buy PUTS that expire in Jan for all the index funds while also buying short term Calls that expire on Friday. We are starting to get into that time frame where I suspect things will turn down for the year. I'm looking at too much data that says things are too high currently to ignore. Of course things can march up the wall of worry for a while so that is why I take the short term calls as a hedge against erosion of the PUTS I have.

**d2bets** · 08-01-23, 01:44 PM

UPST was $11.93 on May 3. Today touched $71.31. That's a 6-bagger in 3 months. Unreal. Has shown no signs of relenting so far. I will not be surprised if reaches $100 by Labor Day.

**trobin31** · 08-01-23, 02:58 PM

Pypl earnings tomorrow

**trobin31** · 08-01-23, 03:00 PM

Small caps all look bullish to me, it’s the big tech that needs a cool down…IWM looks poised for $220 once it breaks $200

**Josherzz1** · 08-02-23, 09:32 AM

Chris is funny, lmao.

**ChuckyTheGoat** · 08-02-23, 11:59 AM

Originally posted by Josherzz1

Chris is funny, lmao.

Josh, the rating agencies have zero credibility for those in the know.

Honestly, when you're in business, a lot of the work-product is mediocre at best.

One thing comes to mind. Fitch = Fitch from American Pie? LOL.

**Slurry Pumper** · 08-02-23, 07:36 PM

I've spent the last 3 weeks loading up on PUTS, initially I was going to continue buying CALLS with weekly expiration, but on Monday at the closing I noticed that a retest of a high of a breakdown candle on a Monthly time frame was being tested. My crystal ball told me to play the pullback so now I also have weekly expiring PUTS. After today, I still think the downside has more legs, but the bigger pullback will come later so a rebound play will be on the table probably by early next week.

**Slurry Pumper** · 08-04-23, 04:59 AM

Yesterday's VIX action dictates that there is a high probability of a rally today. With that in mind, just before the close, I sold all the Weekly PUT options, and switch them to calls, for things like the SPY, IWM, and especially the QQQ. With Amazon and Apple reporting, coupled with the phony jobs report that will be making an appearance today, I can just smell the rally. If the markets do continue down, the spot I really like for a bounce in this situation is the 444ish spot on the SPY. I don't think we get there, in fact I think the move has already started for today.

**Snowball** · 08-06-23, 08:10 AM

430 on SPY perhaps 420
then an attempt at stability
then another larger correction in October
IMO
seems to fit your expectations Slurry.

**Madison** · 08-08-23, 10:57 AM

Originally posted by trobin31

Pypl earnings tomorrow

Hey TRob, help me better understand your interest in pypl. Circa same price they were in 2018.

I'm thinking of dumping my small position here.

**Slurry Pumper** · 08-08-23, 07:06 PM

Little bit of falling out of bed this morning followed by a rescue operation just above the support of $444 in the SPY. Could mark a rebound spot, also its a good idea to get the support zone for tomorrow just in case, $444 to 442.50ish is a zone where I expect things to rebound. If the SPY starts getting below that gap fill of $442.50 and starts to close hourly candles down there then maybe a daily candle, all that is left is the 50 DMA for support at the $441 and change area. This would mark a change in my mind for the grind up through the summer that we have been going through.

**homie1975** · 08-09-23, 07:36 PM

Originally posted by Madison

Hey TRob, help me better understand your interest in pypl. Circa same price they were in 2018.

I'm thinking of dumping my small position here.

yeah it's killing me the last few years

**homie1975** · 08-09-23, 07:37 PM

UPST
PLUG
RBLX

big ouchies here.

why do i hold on to them is anyone's guess.

oh yeah, i HATE taking an L.

**Madison** · 08-10-23, 12:43 PM

Originally posted by homie1975

UPST
PLUG
RBLX

big ouchies here.

why do i hold on to them is anyone's guess.

oh yeah, i HATE taking an L.

All I had to do was mention the run PLUG was on and look out below. I think this is a 5-10 year investment. Personally I'm adding a few more shares here.

Not sure how you enter an initial position? With these futuristic kinds I tend to start my position circa 20%. Evaluate from there and DCA as I deem appropriate. BOL!

**Madison** · 08-10-23, 12:48 PM

Don't think Quantum computing is any kind of fad. I'm spread across 4 or 5 positions (Think I mentioned a year or so ago). IONQ looks like a nice entry here. Baby getting thrown out with the bath water last month. Looking for an entry point on IBM. All the AI freaks are missing the boat early on this technology.

**Slurry Pumper** · 08-10-23, 01:16 PM

Gotta love these roller coaster days. Up and down big a few times during the day is awesome

**homie1975** · 08-10-23, 05:27 PM

Originally posted by Madison

All I had to do was mention the run PLUG was on and look out below. I think this is a 5-10 year investment. Personally I'm adding a few more shares here.

Not sure how you enter an initial position? With these futuristic kinds I tend to start my position circa 20%. Evaluate from there and DCA as I deem appropriate. BOL!

Hi Maddy My Brother, Good Health to you !

I enter ~37% of what I am willing to allocate to a position. That gives me 3 more drops of ~25% to DCA at the same share count and I will have exhausted all 100% of my allocated funds, should i choose to.

example: I have $10,000 i am willing to allocate to a position.

i enter with $3700 in shares (let's call it $100 per share) so 37 shares

25% drop to $2775 or so, i buy this much in shares (another 37)

25% drop to $2080 or so, i buy this much in shares (another 37)

another 25% drop to $1550 or so, i buy this much in shares. (lastly another 37)

total spent is $10,100

cost base $68 / share

*** Disclaimer -- I really really really need to believe in a company in order to do this DCA four times on a stock, or have started with a lower total allocation threshold of say $4000 or $6000 total i am willing to invest on 4 orders.

Also, it is rare that i will do the next buy on exactly 25% down as it might be 30% and i might buy fewer shares.

I have to feel decent about market conditions also as we know this drags stocks down in a macro sense.

on PLUG, RBLX and UPST, i definitely bought all 4 times and although it is not huge money, it is still in Deep Deep Deep red for me.

**Slurry Pumper** · 08-11-23, 06:48 AM

We're all set up for another rally today. The PPI is coming out with those doctored inflation data and judging from the action the last couple of days, its rally time. Look to $448ish as a good resistance spot, then the number from yesterday and previous days actually $451ish as heavier resistance. Below the recent support level of $444.75ish, and we have the gap from 7/11 at $442.50. Might be another rodeo like yesterday which is always fun for active traders.

**Madison** · 08-11-23, 08:37 AM

Originally posted by homie1975

Hi Maddy My Brother, Good Health to you !

I enter ~37% of what I am willing to allocate to a position. That gives me 3 more drops of ~25% to DCA at the same share count and I will have exhausted all 100% of my allocated funds, should i choose to.

example: I have $10,000 i am willing to allocate to a position.

i enter with $3700 in shares (let's call it $100 per share) so 37 shares

25% drop to $2775 or so, i buy this much in shares (another 37)

25% drop to $2080 or so, i buy this much in shares (another 37)

another 25% drop to $1550 or so, i buy this much in shares. (lastly another 37)

total spent is $10,100

cost base $68 / share

*** Disclaimer -- I really really really need to believe in a company in order to do this DCA four times on a stock, or have started with a lower total allocation threshold of say $4000 or $6000 total i am willing to invest on 4 orders.

Also, it is rare that i will do the next buy on exactly 25% down as it might be 30% and i might buy fewer shares.

I have to feel decent about market conditions also as we know this drags stocks down in a macro sense.

on PLUG, RBLX and UPST, i definitely bought all 4 times and although it is not huge money, it is still in Deep Deep Deep red for me.

�� (This was supposed to be a thumbs up??) Now the trick is to buy the right ones. You've got time on your side so I think you'll be fine with PLUG, and UPST. With RBLX you are playing in a different ballpark than I. BOL!!

**Slurry Pumper** · 08-11-23, 06:23 PM

Not bad if you bought at the open, there was a quick buck to make and get out before the first hour was up, get in and get out with the money.

**Madison** · 08-12-23, 09:38 AM

Plug

For those of you with interest in PLUG , from MSN ... Don’t Say Bye Bye to Plug Power Stock, Say Buy Buy (msn.com)

**Poker_Beast** · 08-15-23, 01:08 PM

Originally posted by Madison

Hey TRob, help me better understand your interest in pypl. Circa same price they were in 2018.

I'm thinking of dumping my small position here.

Would appreciate some feedback on this too. I jumped in on this and don’t know enough about it. Thanks!

**Slurry Pumper** · 08-16-23, 05:42 AM

Yesterday about a half hour before the close, the SPY did indeed visit the 442.50 spot I mentioned, it didn't close below, and of course started to bounce. Sure I sold a few of those longer term PUTS I got, but that is just a small profit taking operation as I suspect a little relief rally here. The QQQ's are in the same boat, but I didn't buy any calls for the SMH or IWM this time. I also got a few Calls for the XLF which is hanging out just above the 100 and 50 DMA, and it also happens to be the spot of a break out run from a couple of weeks ago so its worth a couple Call options. Most of these call options for the index funds I got expire next Friday, but I did also get a fair amount that expire this Friday. This is a good spot to jump in with an expected bounce because if the support is broken, I can just sell 'em back at a slight loss while the longer term Puts I have go to work for me.

**trobin31** · 08-16-23, 11:01 AM

PYPL

Unless I am missing something PayPal is still the common thread for online merchant payments across platforms and leader for peer to peer transfers. Along with trading , banking and credit services their data alone will continue to generate increasing revenue. I know Apple is taking market share for touch payments but PayPal still has advantage of utilizing this specific sector as a one stop shop for financial services along with SoFi and Cash App. I think this is a washout of retail fervor and we will see some M&A and changing market conditions over the next year. we can still make 52 week highs before end of year as well unless this is a complete value trap.

did I get the call for a takeoff after earnings wrong? Yup!
Did we run up from $60 from when i made the call to $75 the week before earnings, yes as well.
I had Aug calls that went 5x, then crashed to zero after earnings.

I am in the corner of if you aren’t starting to do some shopping during this pause then you are doing a disservice and that includes adding more PayPal, many buying opportunities on quality stonks