1. #12391
    milwaukee mike
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    Quote Originally Posted by homie1975 View Post
    good on you Miker.
    i am an "older dad" as i had children later in life and my wife is the homemaker and i the breadwinner so i will be working another 10 years but it's okay, i started everything late in life and that is on me.

    guys like you (i am guessing) and many others started early and got to retire early because you were wise from the getgo.

    i salute you !!
    my net worth went negative after 9/11/01... too much in casino stocks on margin... but got lucky on the turnaround there to at least pay off the crDt crDs... then net worth got close to 0 in 2009... so essentially it was 11 years of working and saving (most i ever made in a year was 120k but i got to write off cars/travel/etc)... then a couple big gains after covid

    the problem is that i didn't follow what my own tax advice always was, if you're gonna make a million and lose a million, LOSE FIRST! that way the capital losses carry forward... i paid a bunch of taxes, and avoided selling penn/nflx when i should have... now i have a ton of losses that will do me no good

    some of my stocks will turn around, but i will never be super aggressive again, so there's really no way to use up my losses on a bunch of my preferred and junk bond stuff that has gone or is going bankrupt

  2. #12392
    19th Hole
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    Quote Originally Posted by homie1975 View Post
    madder my brother!

    This is why i hold over 80 companies but my largest position is qqq and second largest is spy, both tried and true index funds.

    Qqq incepted in may 1999 and survived dot.com burst, 08 crisis, and covid.

    Spy incepted in jan 1993.

    Those two make up approx 35% of my overall portfolio

    another 35% are made up of 80 or so stocks of which 60 are bluechips and 20 high growth more spec tech plays, and of course btc and eth

    last, the remaining 30% is cash, slowly filtering in on deep pullbacks.

    I come from the warren buffett school so i am very frugal and while i can easily afford a tesla or two to drive, instead i drive two paid off cars and both are very reliable and were inside of $30k

    my buddies? Most drive teslas. I don't want to hear them complaining in 10y when i am way ahead of them and not worrying about money as they are spending like drunken sailors right now.

    #1 is needs
    #2 is investments
    #3 is wants

    i will get the last laugh but i won't show anyone i'm laughing, but they are watching and witnessing and my blueprint is nothing new.

    It's now how much you make, it's how much you save and how much you invest

    ~~~

    Sharp Sharp Sharp

  3. #12393
    Slurry Pumper
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    Yesterday we got the bounce we were all looking for but before I was willing to take it so I've been watching the tape here. Today we have another gap above the all important $371 on the SPY. There is another level of resistance at $374ish. I think we set up a range here between $374 - $362 for the week or maybe even longer, so what that means here today is sell the rip for me after the rush this morning unless they can get the number above the $374 spot on 10,15 and 30 minute candle closes. Above that is $376.50 ish, and if the short squeeze is in max pain operation we could see a push for $382 which would represent a near record day if that were to happen. Back down there is the top of the gap at $370.50, yesterday's close at $368, $365.50 and the total melt down number is $362.50.

    Today's dirty sounding pumping term is HEAD:
    Head is the measure of the pumps performance or how high the fluid can be pumped. Really it is directly comparable to pressure. Head is 2.30725 psi, or further truncated to 2.31psi. So instead of saying pressure, we tend to say how much head a pump can produce just because it sounds a little dirtier. They even call it making head, or how much head are you getting, and I wonder why there are no women in this industry.
    Points Awarded:

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  4. #12394
    milwaukee mike
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    pretty sure i called the bottom on VRA

    up 10% and headed for another 100%+ up

  5. #12395
    trobin31
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    Things are coming to a head…two Anglo central banks(UK/Australia) turning the printers back on leaves one to wonder if they are getting the chromes lathered up for some demand destroying event..credit suisse and other majors credit default swamps at levels since 2007…but im not getting a-head and being too down on myself…two heads are better than one

    I am still cash retirement..like 100% for some reason..also still long all the oils and energies…since we are coming out of the summer and I think I might be done travelling and banging out strange in foreign places…either sitting tight and waiting for massive value on NVDA, TSLA, Unity and other preferred growth stonks…looking at some highly rated micro-caps or playing the downside every chance we get…

  6. #12396
    puckk
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  7. #12397
    Madison
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    Quote Originally Posted by homie1975 View Post
    Madder my brother!

    This is why I hold over 80 companies but my largest position is QQQ and second largest is SPY, both tried and true index funds.

    QQQ incepted in May 1999 and survived dot.com burst, 08 crisis, and COVID.

    SPY incepted in Jan 1993.

    those two make up approx 35% of my overall portfolio

    another 35% are made up of 80 or so stocks of which 60 are bluechips and 20 high growth more spec tech plays, and of course BTC and ETH

    last, the remaining 30% is Cash, slowly filtering in on deep pullbacks.

    i come from the Warren Buffett school so i am very frugal and while i can easily afford a Tesla or two to drive, instead i drive two paid off cars and both are very reliable and were inside of $30K

    my buddies? most drive Teslas. i don't want to hear them complaining in 10Y when i am way ahead of them and not worrying about money as they are spending like drunken sailors right now.

    #1 is NEEDS
    #2 is Investments
    #3 is WANTS

    i will get the last laugh but i won't show anyone i'm laughing, but they are watching and witnessing and my blueprint is nothing new.

    it's now how much you make, it's how much you save and how much you INVEST

    As we've discussed offline. You are on a solid course. Most importantly you have one major concept under control NEEDS vs WANTS. That and keep to a minimum any interest you are paying.

    All my best to you and yours!!
    Points Awarded:

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  8. #12398
    Madison
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    Quote Originally Posted by trobin31 View Post
    Things are coming to a head…two Anglo central banks(UK/Australia) turning the printers back on leaves one to wonder if they are getting the chromes lathered up for some demand destroying event..credit suisse and other majors credit default swamps at levels since 2007…but im not getting a-head and being too down on myself…two heads are better than one

    I am still cash retirement..like 100% for some reason..also still long all the oils and energies…since we are coming out of the summer and I think I might be done travelling and banging out strange in foreign places…either sitting tight and waiting for massive value on NVDA, TSLA, Unity and other preferred growth stonks…looking at some highly rated micro-caps or playing the downside every chance we get…
    Welcome back. Take a look at DNA when time permits and let us know. I'm in a bit deep in the high 200's and have kept adding.

    My Lithium holdings (ALB, SQM, LAC, LTHM) just keep paying off.

    Best

  9. #12399
    trobin31
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    Quote Originally Posted by Madison View Post
    Welcome back. Take a look at DNA when time permits and let us know. I'm in a bit deep in the high 200's and have kept adding.

    My Lithium holdings (ALB, SQM, LAC, LTHM) just keep paying off.

    Best
    I had a little time today and looking into some EV/Lithium related plays today and RELL & FREY look intriguing to me…some interesting battery technology coming out of Drexel…just google Drexell battery

  10. #12400
    RangeFinder
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    This is a bear rally. Beware, pain is coming if you're not positioned right.

  11. #12401
    homie1975
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    Quote Originally Posted by RangeFinder View Post
    This is a bear rally. Beware, pain is coming if you're not positioned right.
    it certainly feels that way however any dovish stance by the Fed compared to the hawkish ones of late, and this dead kitty could have some legs.

    add in the possibility of earnings coming out decent instead of bad, and we *might* have the fuel we need to continue this for a bit longer.

    long term through 12/31? I am not so sure..

  12. #12402
    homie1975
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    all eyes on Friday's Jobs Report....

  13. #12403
    d2bets
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    Quote Originally Posted by homie1975 View Post
    all eyes on Friday's Jobs Report....
    And the market wants to see fewer jobs openings and more unemployment, correct?

  14. #12404
    guitarjosh
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    Quote Originally Posted by d2bets View Post
    And the market wants to see fewer jobs openings and more unemployment, correct?
    They got the fewer job openings

  15. #12405
    milwaukee mike
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    Quote Originally Posted by d2bets View Post
    And the market wants to see fewer jobs openings and more unemployment, correct?
    i think the fed/powell wants to see more people in the "real unemployment" numbers get back to work... cnbc's cramer made the point that through inflation and reduction of asset values, the fed hopes people that planned to never go back to work actually do

    when i heard that, i thought of a cult of elitists that hates when the us/euro middle class has it good, so they crash the economy every 7 years to make their favorite spots less crowded lol

  16. #12406
    homie1975
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    Quote Originally Posted by d2bets View Post
    And the market wants to see fewer jobs openings and more unemployment, correct?
    yes.

  17. #12407
    homie1975
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    Quote Originally Posted by guitarjosh View Post
    They got the fewer job openings
    Josher
    did you get to peek at the non-farm bankroll numbers ? is this how you know?

  18. #12408
    homie1975
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    Quote Originally Posted by milwaukee mike View Post
    i think the fed/powell wants to see more people in the "real unemployment" numbers get back to work... cnbc's cramer made the point that through inflation and reduction of asset values, the fed hopes people that planned to never go back to work actually do

    when i heard that, i thought of a cult of elitists that hates when the us/euro middle class has it good, so they crash the economy every 7 years to make their favorite spots less crowded lol
    yes it was a surreal moment on his show the other night or was it late last week?

    anyhow, i do recall seeing him list all of the things that need to go down in order to tame inflation and none of it was good for MAIN STREET.

  19. #12409
    d2bets
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    Quote Originally Posted by milwaukee mike View Post
    i think the fed/powell wants to see more people in the "real unemployment" numbers get back to work... cnbc's cramer made the point that through inflation and reduction of asset values, the fed hopes people that planned to never go back to work actually do

    when i heard that, i thought of a cult of elitists that hates when the us/euro middle class has it good, so they crash the economy every 7 years to make their favorite spots less crowded lol
    So we should mark our calendars for 2029?

  20. #12410
    milwaukee mike
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    Quote Originally Posted by d2bets View Post
    So we should mark our calendars for 2029?
    bingo

    1973
    1980
    1987
    1994
    2001
    2008
    2015 was skipped
    2022

    and you could even go back before 1973... as i pointed out it's a cleansing, or business cycle, or shemitah... or it becomes a self-fulfilling prophecy because people expect it

    whatever the case may be, there are almost always some weird things in september of every 7th year, which is the end of the shemitah... 9/11/01 was 1 day away from the end of the shemitah, what a coincidence

    1901-1902 Shmita Year - 46% U.S. Stock market value wiped out.
    1916-1917 Shmita Year - 40% U.S. Stock market value wiped out. German, Austro-Hungarian, Russian and Ottoman Empires collapsed. Britain, the world's greatest empire was almost bankrupt. The beginning of American to rise to world power. All during this one Shmita year.
    1930-1931 Shmita Year - 86% U.S stock market value wiped out in the worst financial crisis in modern history.
    1937-1938 Shmita Year - 50% U.S. Stock market value wiped out. Global recession.
    1944-1945 Shmita Year - End of German Reich and Britain's hold on territories. Establishment of America as the world's super power.
    1965-1966 Shmita Year - 23% stock market value wiped out.
    1972-1973 Shmita Year - 48% U.S. Stock market value wiped out. Global recession. U.S. Voted to kill its unborn children (Abortion legalized). U.S. lost its first war - Vietnam...
    1979-1980 Shmita Year - U.S. and global recession.
    1986-1987 Shmita Year - 33% U.S. Stock market value wiped out.
    1993-1994 Shmita Year - Bond market crash.
    2000-2001 Shmita Year - 37% U.S. stock market value wiped out. 9/11 and Global recession.
    2007-2008 Shmita Year - 50% U.S. Stock market value wiped out. Global recession.

  21. #12411
    guitarjosh
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    Quote Originally Posted by homie1975 View Post
    Josher
    did you get to peek at the non-farm bankroll numbers ? is this how you know?
    No, JOLTS job openings were released yesterday and were down roughly 1 million month over month.

  22. #12412
    Slurry Pumper
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    I think we may be in another cycle for the short couple of weeks where any news is good news unless the news is catastrophic. I still think we will set up a trading range here going into the election. The charts are telling me that the current levels are just a spot to hang out at before pushing higher in the coming days.

    Todays pumping term that sounds dirty is THRUST LOAD.

    It is a force that is applied thru a bearings axis.

  23. #12413
    milwaukee mike
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    some of the stocks i follow (wynn/nflx/crct/mara) have really bounced off the lows, 50%+ in many cases... yet others that seem good bounce candidates (para/pton/nly/intc) have drifted lower in recent weeks

    seems like a real bifurcated/split market to me, not all boats have been sinking and not all boats have been rising, even in the same industry

  24. #12414
    d2bets
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    NIO is on sale. Anyone still like that?

  25. #12415
    d2bets
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    Quote Originally Posted by milwaukee mike View Post
    some of the stocks i follow (wynn/nflx/crct/mara) have really bounced off the lows, 50%+ in many cases... yet others that seem good bounce candidates (para/pton/nly/intc) have drifted lower in recent weeks

    seems like a real bifurcated/split market to me, not all boats have been sinking and not all boats have been rising, even in the same industry
    Generally speaking, that's a healthy sign IMO. Rationality.

  26. #12416
    d2bets
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    Quote Originally Posted by Slurry Pumper View Post
    I think we may be in another cycle for the short couple of weeks where any news is good news unless the news is catastrophic. I still think we will set up a trading range here going into the election. The charts are telling me that the current levels are just a spot to hang out at before pushing higher in the coming days.

    Todays pumping term that sounds dirty is THRUST LOAD.

    It is a force that is applied thru a bearings axis.
    Agreed. I think we return to the low 3900's resistance and hang out between 3800-3,950 for a few weeks at least.

  27. #12417
    chico2663
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    Quote Originally Posted by trobin31 View Post
    I had a little time today and looking into some EV/Lithium related plays today and RELL & FREY look intriguing to me…some interesting battery technology coming out of Drexel…just google Drexell battery
    Been on Frey for awhile. Bought for 11.20
    Last edited by chico2663; 10-06-22 at 01:53 PM.

  28. #12418
    chico2663
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    Quote Originally Posted by d2bets View Post
    NIO is on sale. Anyone still like that?
    I originally bought as penny at 1.92

  29. #12419
    milwaukee mike
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    Quote Originally Posted by chico2663 View Post
    Been on Frey for awhile. Bought for 11.20
    tailed you, that has been pretty good!

  30. #12420
    Slurry Pumper
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    Today's job numbers will move the SPY and other markets as it is set for either a move up to around 380ish, or down to the 368 spot. I think I'm going to take the day off frankly and maybe come back on Monday ready to play. I don't have any short term items in the basket and this week was pretty good to me.

    Today's Pumping term is STOPCOCK. Yeah I know its actually a thing.

    A stopcock is the valve that controls the fluid main into a system. So basically when the pipe burst in your house and water is spraying everywhere like a fire hose, and your wife yells to you stopcock, you'll know that she is just informing you to go to the main valve inlet and turn it off.
    Points Awarded:

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  31. #12421
    homie1975
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    Quote Originally Posted by guitarjosh View Post
    No, JOLTS job openings were released yesterday and were down roughly 1 million month over month.
    Market obviously did not like today's release

  32. #12422
    trobin31
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    Quote Originally Posted by chico2663 View Post
    Been on Frey for awhile. Bought for 11.20
    F’ing sharp

  33. #12423
    d2bets
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    Quote Originally Posted by milwaukee mike View Post
    some of the stocks i follow (wynn/nflx/crct/mara) have really bounced off the lows, 50%+ in many cases... yet others that seem good bounce candidates (para/pton/nly/intc) have drifted lower in recent weeks

    seems like a real bifurcated/split market to me, not all boats have been sinking and not all boats have been rising, even in the same industry
    PTON is interesting. Hard to see how it doesn't eventually move higher. Either they turn it around or they make an attractive takeover candidate for Google, Amazon, Apple, etc. Under 3 bil market cap, how can that name not be worth more? $160 to under $10 in 20 months.

  34. #12424
    d2bets
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    Quote Originally Posted by milwaukee mike View Post
    bingo

    1973
    1980
    1987
    1994
    2001
    2008
    2015 was skipped
    2022

    and you could even go back before 1973... as i pointed out it's a cleansing, or business cycle, or shemitah... or it becomes a self-fulfilling prophecy because people expect it

    whatever the case may be, there are almost always some weird things in september of every 7th year, which is the end of the shemitah... 9/11/01 was 1 day away from the end of the shemitah, what a coincidence

    1901-1902 Shmita Year - 46% U.S. Stock market value wiped out.
    1916-1917 Shmita Year - 40% U.S. Stock market value wiped out. German, Austro-Hungarian, Russian and Ottoman Empires collapsed. Britain, the world's greatest empire was almost bankrupt. The beginning of American to rise to world power. All during this one Shmita year.
    1930-1931 Shmita Year - 86% U.S stock market value wiped out in the worst financial crisis in modern history.
    1937-1938 Shmita Year - 50% U.S. Stock market value wiped out. Global recession.
    1944-1945 Shmita Year - End of German Reich and Britain's hold on territories. Establishment of America as the world's super power.
    1965-1966 Shmita Year - 23% stock market value wiped out.
    1972-1973 Shmita Year - 48% U.S. Stock market value wiped out. Global recession. U.S. Voted to kill its unborn children (Abortion legalized). U.S. lost its first war - Vietnam...
    1979-1980 Shmita Year - U.S. and global recession.
    1986-1987 Shmita Year - 33% U.S. Stock market value wiped out.
    1993-1994 Shmita Year - Bond market crash.
    2000-2001 Shmita Year - 37% U.S. stock market value wiped out. 9/11 and Global recession.
    2007-2008 Shmita Year - 50% U.S. Stock market value wiped out. Global recession.
    So it's 2028-2029? I need exact dates. I'm marking my calendar.

  35. #12425
    milwaukee mike
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    Quote Originally Posted by d2bets View Post
    So it's 2028-2029? I need exact dates. I'm marking my calendar.
    it's a weird type of cycle, ends somewhere around the middle of september every 7th year... so yes september 2029 would be the problem area

    i know you're being sarcastic but it can't just be a random coincidence that markets crash that often every 7th year in september/october

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