Stock Market

[KyloG]

This ain't good...Apple reported amazing earnings a couple of weeks ago and sold off since. It's been on this uptrend since March and broke this week. I'm not sure if it's rising interest rates but people have been talking about that being the start. All these large-cap growth names could have a healthy pullback. Apple is more of a hybrid though, it pays a nice dividend.

 

[Rain Cold]

Think we have probably seen the high for MVIS for a good while. Feels like the entire market is ready to roll over. I think our pot stocks have gone to pot.

On another note, I have spent the better part of the last 10 days going through my entire sports card collection, dating back to 1991. I would open them and then put them back in the packs. I probably have about a thousand packs. I went through them all.

I found so many Jordans, Lebrons, Tom Bradys, Ken Griffy Jr.s, Kobes, and other insert and parallel sets. Lots of rookies from stars and semi-stars, including a Lebrin James, Kobe Bryant, Kevin Garnett, Zion Williamson, Derek Jeter, and 2nd year Kevin Durant all in mint condition. It has been a lot of fun!

 

[Thor]

Think we have probably seen the high for MVIS for a good while. Feels like the entire market is ready to roll over. I think our pot stocks have gone to pot.

On another note, I have spent the better part of the last 10 days going through my entire sports card collection, dating back to 1991. I would open them and then put them back in the packs. I probably have about a thousand packs. I went through them all.

I found so many Jordans, Lebrons, Tom Bradys, Ken Griffy Jr.s, Kobes, and other insert and parallel sets. Lots of rookies from stars and semi-stars, including a Lebrin James, Kobe Bryant, Kevin Garnett, Zion Williamson, Derek Jeter, and 2nd year Kevin Durant all in mint condition. It has been a lot of fun!

Haha I have been going through coins found a ton of silver.....Must be the weather(liquid form) forcing it.

 

[Rain Cold]

Haha I have been going through coins found a ton of silver.....Must be the weather(liquid form) forcing it.

Nice. Silver is good to have!

 

[metwannabe]

Think we have probably seen the high for MVIS for a good while. Feels like the entire market is ready to roll over. I think our pot stocks have gone to pot.

On another note, I have spent the better part of the last 10 days going through my entire sports card collection, dating back to 1991. I would open them and then put them back in the packs. I probably have about a thousand packs. I went through them all.

I found so many Jordans, Lebrons, Tom Bradys, Ken Griffy Jr.s, Kobes, and other insert and parallel sets. Lots of rookies from stars and semi-stars, including a Lebrin James, Kobe Bryant, Kevin Garnett, Zion Williamson, Derek Jeter, and 2nd year Kevin Durant all in mint condition. It has been a lot of fun!

I love it when you say this lol

 

[GeorgiaGirl]

For as much as I've talked about Tesla looking quite bad of late at other places...

Apple likely needs to go explore their 100 day moving average and then reverse.

Or the market is likely going to end up at least mostly at the old ATHs from early September last year.

Apple>>>Tesla in market direction, although Tesla plays a bigger role now and could potentially become a problem.

Assuming this theory is right, SPY likely needs to see 382-383 and QQQ around 325.

I still find it hard to buy that this market is going to repeat what happened in 2020 to an exact T, but could Apple be sounding alarms by losing it's long term uptrend path...or could they be spending the better part of a couple weeks selling the bearish idea hard before they rip the S&P to 4k or so, surprising some when multiple obvious fractals don't come true...then you see a move down to 3600 in March or something?

 

[lexxnchloe]

For as much as I've talked about Tesla looking quite bad of late at other places...

Apple likely needs to go explore their 100 day moving average and then reverse.

Or the market is likely going to end up at least mostly at the old ATHs from early September last year.

Apple>>>Tesla in market direction, although Tesla plays a bigger role now and could potentially become a problem.

Assuming this theory is right, SPY likely needs to see 382-383 and QQQ around 325.

I still find it hard to buy that this market is going to repeat what happened in 2020 to an exact T, but could Apple be sounding alarms by losing it's long term uptrend path...or could they be spending the better part of a couple weeks selling the bearish idea hard before they rip the S&P to 4k or so, surprising some when multiple obvious fractals don't come true...then you see a move down to 3600 in March or something?

When you have Biden flooding the country with more cheap labor at a time of high unemployment a recession seems likely. Long term recession. And with energy prices rising due to becoming dependent once again on foreign countries thats a tax on everyone. I dont think the stock market can keep going up with such economy killing policies.

 

[KyloG]

Think we have probably seen the high for MVIS for a good while. Feels like the entire market is ready to roll over. I think our pot stocks have gone to pot.

On another note, I have spent the better part of the last 10 days going through my entire sports card collection, dating back to 1991. I would open them and then put them back in the packs. I probably have about a thousand packs. I went through them all.

I found so many Jordans, Lebrons, Tom Bradys, Ken Griffy Jr.s, Kobes, and other insert and parallel sets. Lots of rookies from stars and semi-stars, including a Lebrin James, Kobe Bryant, Kevin Garnett, Zion Williamson, Derek Jeter, and 2nd year Kevin Durant all in mint condition. It has been a lot of fun!

You should sell the March $25 calls...premium is $3.70 per contract. Not sure how many shares you had but if you had a 1000 shares you can sell 10 contracts for $3.70 and pocket $3700 in premium. Get paid to wait and hold your shares.

 

[KyloG]

I added 1000 shares of FRSX at 8.62 earlier. Nice channel to trade around now. A close above 9 would be welcome.




I totally missed the RSI divergence and would have sold covered calls last week to hedge. That was dumb.

 

[GeorgiaGirl]

We've already been in a recession, regardless of if others wanted to feel that way or not.

Why is the Tesla dip buyers club apparently freakishly strong?

 

[KyloG]

We've already been in a recession, regardless of if others wanted to feel that way or not.

Why is the Tesla dip buyers club apparently freakishly strong?

The only thing stopping me from believing another strong pullback is coming is it's fairly rare to have big pullbacks within a rolling 12 month period. But, I think a 10-15% pullback over the next few months would be healthy.

Tesla did bounce off the 50dma yesterday, stochastic is bottoming. If it closes below the 50dma that would be concerning at a market level too. I don't own Tesla.

 

[lexxnchloe]

We've already been in a recession, regardless of if others wanted to feel that way or not.

Why is the Tesla dip buyers club apparently freakishly strong?

Yes, but we were coming out of it until Biden was elected.

Dow Jones slips on surprise rise in jobless claims, tech slide

"The one part of the economy that has remained disappointing is clearly the employment picture," said Ryan Detrick, chief market strategist at LPL Financial in Charlotte, North Carolina.

economictimes.indiatimes.com

You dont "correct" a fragile job market by importing millions more uneducated people who will only lower demand for jobs and lower wages. You dont grow an economy by raising taxes. You dont grow an economy by strangling it with regualtions. And of course Biden wanting us to become dependent again on our enemies for our energy isnt going to end well. The stock market has been booming based on the Fed flooding the market with liquidity. When the real crunch comes its not going to be pretty.

 

[KyloG]

This will be interesting. I have been in PDAC for a while and it just announced it will merge with Li-Cycle. It recycles lithium batteries...think EV/battery. Right now China is dominant for lithium. I plan on holding PDAC/Li-Cycle for a while. The DA was just announced so it might not move much until merger approaches (3-4 months) but I like this long term.

Spoke & Hub Technologies | Mechanical & Hydrometallurgical Process | Li-Cycle

Our Spoke & Hub Technologies use a combination of mechanical safe size reduction and hydrometallurgical resource recovery specifically designed for lithium-ion battery recycling.

li-cycle.com

Biden to order review of U.S. reliance on overseas supply chains for semiconductors, rare earths

President Biden will order a review of key U.S. supply chains including semiconductors, high-capacity batteries and rare earth metals.

www.cnbc.com

 

[GeorgiaGirl]

.

Lily "Salience" Francus on Twitter: "Melvin confirmed what I thought - they closed their positions well before the purported short squeeze." / Twitter

Do we REALLY think that Melvin would lie in a place where if they did, they could go to jail? I'm sure the goalpost movers probably do, but I don't.

 

[mydoortotheworld]

Bitcoin’s rally is scaring me...

 

[KyloG]

May dip my toe in on this. Chart looks great...China EV/batterly play. Had a big day today so wouldn't mind one more kiss off that rising support.


View attachment 75733

This one took off....accumulated in low $8's past few days. Sold 2/3 at $9.40 though I think it's going higher. $9.50 is resistance so I may add back on dip.

 

[KyloG]

For you MVIS holders

Luminar,, Velodyne shares gain as Apple talks with lidar suppliers for Apple Car

Apple (AAPL)is in talks with lidar suppliers for its self-driving vehicle project, according to a Bloomberg headline

seekingalpha.com

 

[metwannabe]

For you MVIS holders

Luminar,, Velodyne shares gain as Apple talks with lidar suppliers for Apple Car

Apple (AAPL)is in talks with lidar suppliers for its self-driving vehicle project, according to a Bloomberg headline

seekingalpha.com

Right, it's amazing what a little rumor will do...... MVIS instant 1.20 pop as soon as that article hit. I'm actually excited that it may be Apple, there have been some things pointing to that and Microvision's LiDAR meets their specs. Who knows but made a rather ho hum morning fairly exciting that's for sure

 

[KyloG]

I've been dabbling in the crypto play and SOS is what I've been trading. I've had a few shares low $5's but added more today at $10.90. They have an offering that closes on Monday. Chart looks great. Not a stock I'm married to...will trade in/out.

SOS Announces Receipt of 5000 PCS of Mining Rigs Ahead of Schedule

SOS Limited (NYSE: SOS) (the "Company" or "SOS") announced today that it has received 5000 PCS of mining rigs ahead of schedule on Feb. 9, 2021, five days earlier than the delivery date set by the purchase agreement with the seller.

finance.yahoo.com

 

[GeorgiaGirl]

Bitcoin

Will probably be a couple weeks early on signaling a pullback in equities like it was in January if nothing really happens in the equity market the first few days of next week. Some think it's not as connected as it was, but it was a good signal in January.

 

[KyloG]

Bitcoin’s rally is scaring me...

I still don't get it...but once Elon dumped a ton of money into it that was all it needed to keep going. If another big company or big institution follows it will be even scarier.

 

[KyloG]

I've been in GSAH for a while, sub $12. It's a SPAC and rumored to be targeting a crypto play. Rumor is Gemini which is run by the Winklevoss twins. But, lot of times these rumors are just pumps. Really hard not sell right now as if they don't get a good target it will fallback to the low $12's...but if they were to get someone like Gemini this could see $20's quickly.

 

[metwannabe]

I've been in GSAH for a while, sub $12. It's a SPAC and rumored to be targeting a crypto play. Rumor is Gemini which is run by the Winklevoss twins. But, lot of times these rumors are just pumps. Really hard not sell right now as if they don't get a good targer it will fallback to the low $12's...but if they were to get someone like Gemini this could see $20's quickly.

View attachment 76307

When I'm done with Microvision and I decide to do more trading, expanding my portfolio I'll be looking you up. Thanks Lol

 

[KyloG]

When I'm done with Microvision and I decide to do more trading, expanding my portfolio I'll be looking you up. Thanks Lol

Haha...you don't want to listen to me...I've been wrong plenty of times too.

 

[KyloG]

It ain't pretty right now but CCL July options, GIK commons/options are keeping me afloat. I was in a lot of cash by chance so I will be buyer today/tomorrow.

I also started a position in OCUL today, sub $18. I don't have any BIO's in my portfolio and a guy I follow on twitter who is really good has been recommending this for a long time.

$OCUL has had a nice bounce...I plan on holding this. In at $17.88...had a big runup and then sold off, now consolidating. It's over all the moving averages again which should attract some buyers. This is one of the bio's I have in my IRA.

 

[KyloG]

I am going to lose some sleep over $DMTK....I wanted to buy in the gap fill and had bids ready to go and it took off. I should have atleast started a position yesterday...so dumb. I feel sick. I would have put this in my IRA too.

 

[KyloG]

Not dying to shove money into large cap tech when looking at this chart. Would be great if this just drifted down to the 50dma. Would allow everyone to catch their breath and then try and move higher.

 

[Jimmy Hypocracy]

I hate the verdict for NAKD here? Predictions?

 

[Rain Cold]

I hate the verdict for NAKD here? Predictions?View attachment 76325

Hopefully a better outcome than MCOA

 

[snowlover91]

IMO I think OTC stocks are going to see money shift away from the bloated, pumped, hyped tickers with little to no updates to the ones with better share structure, products and that are pink current or close to being it. PVDG is a good example, they’ve held up amazingly well despite the red OTC and they are green right now. The hype the past few weeks had tickers running with no substance to run on except fomo and now the SEC is suspending those. Money will shift and the solid plays are the ones to go for. I saw the same thing under Obama, runners were harder to find but still plenty of good ones.