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Misc Stock Market

Aaannnndddd with the semis moving lower, I'm packing it in here.

Guessing QQQ could very easily see 344-348 as soon as next week.
 
@metwannabe

Looks like MVIS is collapsing right before our very eyes. We still holding or have the scammed us?
 
Rain Cold said:
@metwannabe

Looks like MVIS is collapsing right before our very eyes. We still holding or have the scammed us?
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Man, I saw your comment, went to check the price, figured it had dropped below $10 and was about to load the boat! Lol
Still holding, pretty massive scam and financial suicide for them if that were true. WSB put a shorts target on their back with that push a couple months back and the whole LiDAR sector is being shorted, so double whammy for them. I'll wait to see what they have to say tomorrow and what new VP and office in Europe along with their participation in the IAA Mobility Motor Show in Germany next month yields before I make any drastic decisions.
 
metwannabe said:
Man, I saw your comment, went to check the price, figured it had dropped below $10 and was about to load the boat! Lol
Still holding, pretty massive scam and financial suicide for them if that were true. WSB put a shorts target on their back with that push a couple months back and the whole LiDAR sector is being shorted, so double whammy for them. I'll wait to see what they have to say tomorrow and what new VP and office in Europe along with their participation in the IAA Mobility Motor Show in Germany next month yields before I make any drastic decisions.
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Sounds good! Let me know what you hear. I've still got some shares...playing with house money.
 
Rain Cold said:
Sounds good! Let me know what you hear. I've still got some shares...playing with house money.
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Tbh these take downs usually occur after the EC not the day before, so that is either a good sign or tomorrow AH and Thursday will be an absolute slaughter.
 
Up 278. Shorts toasted again and everyone is shocked baffled perplexed surprised aghast bewildered bumfuzzled dazed confused dumbfounded flabbergasted befuddled miffed stunned. Amazing!
 
Lol…earlier today…just a little pressure taken off by yields stabilizing for value names and it leads to a 400-point reversal for the Dow and a record close for the S&P by the end.

This got old very quickly when it truly started in the first full week of July, but this is really something else. Gonna be the 5th straight week of some nasty shake and bake overall it seems. Bull trap yesterday. Bear trap today with yields reversing.

Now that they bounced intraday, I still feel as if the tech stock picture looks murky, but if the Nasdaq can set a new record high or if Apple can set a new record high (you’ll probably have both if Apple does), that will probably be invalid.
 
Sharing the below comments from a TA guy I follow (he actually left Reddit and has a blogsite now that he only has allowed a few members to join), he shared a chart to go with these comments but has asked that we not share his charts since they are part of his proprietary models (I'll honor his request). But his comments are interesting and you can visualize the trading channel he mentions and now the S&P has exploded above that for the first time in 25 yrs, just some additional interesting info to ponder

"I draw your attention to the 2 black, parallel, horizontal lines, which show the trading channel of my trend indicator, which is light blue and black. For 25 years it has stayed within the channel. This is showing the extreme blow-off top we are in. I don’t know when it will end, but we don’t have much time for MVIS to perform. If the S&P500 collapses, all indices will collapse. Usually, the more speculative indices, like small caps or technology fall first. Please keep this in mind. This is reminiscent of 1999-2000. In comparison, I consider this much more extreme."
 
metwannabe said:
Sharing the below comments from a TA guy I follow (he actually left Reddit and has a blogsite now that he only has allowed a few members to join), he shared a chart to go with these comments but has asked that we not share his charts since they are part of his proprietary models (I'll honor his request). But his comments are interesting and you can visualize the trading channel he mentions and now the S&P has exploded above that for the first time in 25 yrs, just some additional interesting info to ponder

"I draw your attention to the 2 black, parallel, horizontal lines, which show the trading channel of my trend indicator, which is light blue and black. For 25 years it has stayed within the channel. This is showing the extreme blow-off top we are in. I don’t know when it will end, but we don’t have much time for MVIS to perform. If the S&P500 collapses, all indices will collapse. Usually, the more speculative indices, like small caps or technology fall first. Please keep this in mind. This is reminiscent of 1999-2000. In comparison, I consider this much more extreme."
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Add also a possible new round of lock downs and...
www.cnbc.com

Private companies added 330,000 jobs in July, according to ADP, far short of the 653,000 estimate

The 330,000 new positions is also a sharp deceleration from June.
www.cnbc.com www.cnbc.com
 
snowlover91 said:
MVIS apparently mentioned Microsoft by name in the EC, nice pop AH and could be a runner tomorrow.
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Yep confirmed what most of us already knew, they finally confirmed their technology is in the MSFT HL2. Also focusing on sales of LiDAR units with track testing this month, AH is loving it.
 
Now 10 months in a row with a new intraday record high for the S&P.

It's incredible. Thinking back to then, I figured that we were going to bounce at least after the election, but I never figured that we'd see something like this last for as long as it has.
 
GeorgiaGirl said:
Now 10 months in a row with a new intraday record high for the S&P.

It's incredible. Thinking back to then, I figured that we were going to bounce at least after the election, but I never figured that we'd see something like this last for as long as it has.
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Take a look back to the intraday low of 666 on the S&P back in 2009.
 
Broken024 said:
Keeps going till it doesn't
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That’s why investing a good portion of one’s portfolio in a diversified mix of quality equities long term as opposed to trying to time the market (in and out) as well as not having the portfolio dominated by just a few stocks is one of the best things one can do for their overall portfolio. A higher percentage in diversified equities is best at young ages with a gradual decline in the % as one approaches retirement. Also, increasing the percent in higher dividend stocks and reducing the percent in growth stocks is probably a good idea as one gets closer to retirement.
 
GaWx said:
That’s why investing a good portion of one’s portfolio in a diversified mix of quality equities long term as opposed to trying to time the market (in and out) as well as not having the portfolio dominated by just a few stocks is one of the best things one can do for their overall portfolio. A higher percentage in diversified equities is best at young ages with a gradual decline in the % as one approaches retirement. Also, increasing the percent in higher dividend stocks and reducing the percent in growth stocks is probably a good idea as one gets closer to retirement.
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Two of my favorite dividend stocks are USA and RYLD. USA pays close to a 10% dividend but also has a good track record, averaging 15% a year in returns. RYLD pays a hefty 11.5% dividend and tracks the Russell 2000 index. I have both these in my portfolio and take gains I make from trading OTC stocks and stick it in these two for long term steady growth and compounding. RYLD also pays monthly dividends which helps it compound faster.
 
Dow, S&P, and Nasdaq all looking good so far today as economic indicators are supportive. And this is not a seasonally strong time of year per history.

Edit: Nasdaq is now down for the day.
 
metwannabe said:
I'd love to join you but threw my money at JUPW off someone's tip and I got squeezed. Lol
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Loaded the wrong bottom. ? I was able to scalp it on the initial drop. I guess I should start posting my exits as well. Gonna have to be patient with that one. Offering was in the 2.70’s. I’m shocked it’s still below $2.
 
snowlover91 said:
@Jimmy Hypocracy what do you think about RMO? Chart seems bottomed, they have a new CEO who seems to have a solid track record and it looks like the floor is $6.60-6.80 area. They make batteries for EV stuff too so a hot sector.
View attachment 87984
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Nice. Looks good! Here’s another double bottomed penny on my radar. 362B3EF1-B5A0-4CE1-AF97-90E68177083D.png
 
Jimmy Hypocracy said:
Loaded the wrong bottom. ? I was able to scalp it on the initial drop. I guess I should start posting my exits as well. Gonna have to be patient with that one. Offering was in the 2.70’s. I’m shocked it’s still below $2.
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Trust me I'm hodling and look who your talking to, still holding MVIS ?
 
snowlover91 said:
@Jimmy Hypocracy what do you think about RMO? Chart seems bottomed, they have a new CEO who seems to have a solid track record and it looks like the floor is $6.60-6.80 area. They make batteries for EV stuff too so a hot sector.
View attachment 87984
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Ive been watching this one too. I got in on CHPT but looking at these battery stocks and I like this price point
 
Have a nice investment in PLUG and FCX too. The ev sector is hard for me to grasp. I usually buy what I know but this has a huge future. I would rather invest in the materials side than the vehicles
 
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