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Misc Stock Market

Lickwx said:
I made the right decision by choosing to use TD over Robinhoood. When comparing the 2 before I started I saw TD literally is a full platform for free! While Robinhood limits everything , made no sense why anyone would use it. Cant even trade after hours !
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Actually you can trade up to 6 pm and 30 mins before market opens and it's just or was, very user friendly, especially those just starting out. I opened up a webull acct because can trade as early as 4 am and late as 8 pm. I'm seriously contemplating closing my RH acct out though before orange hits the fan
 
metwannabe said:
Actually you can trade up to 6 pm and 30 mins before market opens and it's just or was, very user friendly, especially those just starting out. I opened up a webull acct because can trade as early as 4 am and late as 8 pm. I'm seriously contemplating closing my RH acct out though before orange hits the fan
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I only kept my RH account to sell poor man covered calls... but I can do that with TDA so going to move the rest of my rh money out Monday
 
“SLV saw inflows of almost one billion dollars on Friday, almost double the previous record inflow for this 15 year-old ETF.”
 
Jimmy Hypocracy said:
#silversqueeze is trending on Twitter
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I have had some silver miners and streamers for a long time now. Took partial profits on AG and EXK the other day. Looking forward to hopefully being in the right place at the right time for once!
 
Can someone explain dogecoin to me . I don’t understand how anyone with a brain could possible think it’s gonna fly . Bitcoin has value . Why ? Because there are ONLY like 19 million in the world . Dogecoin has an unlimited amount . The pump the other night was cute but Jesus people are stupid


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Opened up a TD Ameritrade account, going to call then tomorrow about transferring my shares from RH. Like I said those are just my BO shares, don't care that I can't trade them for a few days because I'm not touching them anyway until a deal is reached. I just don't need a deal finalized until the transfer is complete haha and that won't happen because a final deal has to be voted on by shareholders. So I should be good
 
Storm5 said:
Can someone explain dogecoin to me . I don’t understand how anyone with a brain could possible think it’s gonna fly . Bitcoin has value . Why ? Because there are ONLY like 19 million in the world . Dogecoin has an unlimited amount . The pump the other night was cute but Jesus people are stupid


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Elon tweeted about it a year back, that started the hype. It's complete garbage IMO and would not be at all surprised if it goes to .005. I think the RH'ers pumped it as a big FU to RH.
 
Anything related to silver and gold is going to rocket this week. @snowlover91 any good micro caps out there with good exposure to precious metals? Give me what y’all got. Silver futes ripping.1984F564-6E81-4514-896F-F77B6F26A472.jpeg
 
I wouldn't be surprised if the Nasdaq saw 12k and saw it pretty fast (I'm referencing $COMP by the way instead of NDX). It had its shot for Wednesday to be a one off like that random day in December was, but that shot went poof in the last half hour or so on Thursday I think. This one has been more orderly than early September though at least at this moment.

It's actually not the weakest index at the moment I think, but it's the one that matters the most. I'm guessing close to there is where it finds support this time. You will probably hear crowing about the end of the bull for tech again, while $COMP quietly consolidates and then we'll notice later that it's grinding higher again (it took me a little while before I noticed that it was very quietly outperforming outside of the Russell 2000 in December).

For us to really start talking about the possibility of a bear market, you probably need lower than 10.6-10.8k to hold. Until then, there's no reason to overthink this because the market is too big to fail, even if you do eventually see it fail this year.

(it also wouldn't surprise me if the last week in January was just a repeat of what we've seen before then with rebalancing, except with it being pared by degrossing by hedge funds that got screwed)
 
GeorgiaGirl said:
I wouldn't be surprised if the Nasdaq saw 12k and saw it pretty fast (I'm referencing $COMP by the way instead of NDX). It had its shot for Wednesday to be a one off like that random day in December was, but that shot went poof in the last half hour or so on Thursday I think. This one has been more orderly than early September though at least at this moment.

It's actually not the weakest index at the moment I think, but it's the one that matters the most. I'm guessing close to there is where it finds support this time. You will probably hear crowing about the end of the bull for tech again, while $COMP quietly consolidates and then we'll notice later that it's grinding higher again (it took me a little while before I noticed that it was very quietly outperforming outside of the Russell 2000 in December).

For us to really start talking about the possibility of a bear market, you probably need lower than 10.6-10.8k to hold. Until then, there's no reason to overthink this because the market is too big to fail, even if you do eventually see it fail this year.

(it also wouldn't surprise me if the last week in January was just a repeat of what we've seen before then with rebalancing, except with it being pared by degrossing by hedge funds that got screwed)
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I’m thinking we see something similar to end of 2018. Early 2018 was warning shot similar to what we saw in Sept/Oct.

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The WSB crew has made a living on OTM calls...we hit a 6-9 pullback where trades are very choppy they will get cleaned out.
 
If we can avoid another 2000-2002 and 2008 I think we will be OK.
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I think dropping below 3250 or so and holding there (and perhaps even the old ATH on SPX and by old, I'm meaning the one around 3380ish) would be a huge psychological blow. That's why I wouldn't go there.

The general longer term idea remains intact...for now above there. Which is that they've created something that they're too afraid to let fail.
 
KyloG said:
It was due and GME was just the spark. I don’t think we will see a multi year bear market...yet
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Exactly, market is overbought and due a serious pull back, new administration and this GME stuff just all coming together like a perfect storm imho
 
It’s over. Glancing at google trends, interest in GameStop stock and amc stock has plummeted back to normal. The hype seems to be over. The idea of amc repeating GME is flawed...

Now not a huge fan of seeking alpha but this article is pretty concise and good.


What isn’t over is the market reaction to what’s happening with GME and others, and the movement in general. How will the broader market react? What will these short companies due with other holdings?

I’d love to get into something good that drops off record highs as a consequence of this volatility. That’s where I’m looking... Bitcoin included (for a long position)
 
My guess is that hedge funds probably got a lot of the work done last week actually with degrossing. I don't think they're completely finished, but I'm guessing they're close:

Chamath Palihapitiya on Twitter: "13. Now a massive short squeeze starts. You have to cover your shorts ASAP. But the banks also notice that you don't have enough credit to cover the $30 they lent you and ask for more collateral. You now also have to sell your long positions. It looks like this: https://t.co/g2Er3gBFg7" / Twitter

(would be interested in seeing an updated picture but it probably wouldn't be easy to find)

And yes...retail such as WSB isn't even realizing it, I'm guessing that unless something comes up tomorrow, that will probably be that with GME, for now at least.
 
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