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Stock Market

KyloG

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Funny story with Amazon today. Added back position when $3350’reclaimed. I wanted to buy 15 shares to start and I accidentally typed in 150. Took me 30 mins to figure it out. That scared the crap out of me.

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KyloG

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I don’t get why the market gives SAAS companies such absurd valuations. Mongo reported $200m in rev last night, they lost $70m. For that the market cap is $33B. 🤦‍♂️
Guided to $800m FY revenue which gives them a 40x multiple. That’s dotcom bubble type valuation. $SNOW is trading at a 100x multiple. The SAAS companies are a ticking time bomb which is why I don’t trade them.

A 20x multiple is very rich, unless you are pre-rev.

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GeorgiaGirl

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Didn't realize that QQQJ FINALLY set a new ATH for the first time in several months today until a few minutes ago.

Hard to be bearish on the Nasdaq if that by the small/mid-cap tech companies is legit, but the NDX is probably going to need to spend some time consolidating.
 

KyloG

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XBI on watch for a breakout. Been dragging my feet entering but will if this resistance gets breached.

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KyloG

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Order didn’t go thru unless Kylo ordered half a mil in stock due to a typo and if that’s the case he needs to get more sleep. Lol


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I had completely sold off most everything in my IRA's as I am going to rebalance in October so the order did go through. But, I have been buying stocks here in there the past few weeks since in this IRA which is how this happened. I was lucky I caught it...I usually just buy, set a stop and then don't worry about it.
 

Jon

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I had completely sold off most everything in my IRA's as I am going to rebalance in October so the order did go through. But, I have been buying stocks here in there the past few weeks since in this IRA which is how this happened. I was lucky I caught it...I usually just buy, set a stop and then don't worry about it.
Makes sense with the IRA. Sheesh. I’d have a panic attack lol. Good on you. But it’s not the end of the world with something like Amazon
 

KyloG

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what in the heck happened in crypto land today...got stopped out of several things but did buy some dips and sold everything to salvage the day. But, how does Bitcoin have a 20% sell off in a few hours...

Out of crypto for now, it was tough to even get orders entered in coinbase pro.


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GeorgiaGirl

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I'm not a fan of the GME gang but I'll give them credit, when they get a dip, they absolutely slam the buy button.

Can't find the screenshot of it, but I saw a screenshot of Fidelity of buys/sells and buys were waaaayyyyyyy more than sells and I have to imagine that this comeback today is mostly GME apes buying it up...crazy.
 

KyloG

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I'm not a fan of the GME gang but I'll give them credit, when they get a dip, they absolutely slam the buy button.

Can't find the screenshot of it, but I saw a screenshot of Fidelity of buys/sells and buys were waaaayyyyyyy more than sells and I have to imagine that this comeback today is mostly GME apes buying it up...crazy.
I bought the dip with them today. When $180 was reclaimed...sold everything at $196 on the gap fill. Those GME bulls are determined.
 

KyloG

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How can this happen - QE has been pumping this market the past 18 months and news just discovered these 2 Fed presidents are super long and now they say they are selling b/c they got caught. Martha Stewart did 6 months in prison for like $20k. These 2 guys rode this and market doubled since.


Someone tweeted this out...hilarious


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KyloG

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Got caught in the $NVAX mess today...it was at $274, I blinked and got stopped out at $259...it's fading AH's too.

Was a good run from $190 but today hurt.

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Rain Cold

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How can this happen - QE has been pumping this market the past 18 months and news just discovered these 2 Fed presidents are super long and now they say they are selling b/c they got caught. Martha Stewart did 6 months in prison for like $20k. These 2 guys rode this and market doubled since.


Someone tweeted this out...hilarious


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Same way all federal employees have to get vaccinated except for those represented by a union. The corruption knows no limits. Hopefully, people will continue to wake up and see it, although I'm afraid so many still have their heads buried.
 

Storm5

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I'm not a fan of the GME gang but I'll give them credit, when they get a dip, they absolutely slam the buy button.

Can't find the screenshot of it, but I saw a screenshot of Fidelity of buys/sells and buys were waaaayyyyyyy more than sells and I have to imagine that this comeback today is mostly GME apes buying it up...crazy.
I bought a crap load of GME calls today. People laugh at the meme stocks but ive made more money in the last 8 months from then vs the last two years of trading blue chips .

I'm heavily invested in AMC leaps and GME 4 month calls


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KyloG

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I bought a crap load of GME calls today. People laugh at the meme stocks but ive made more money in the last 8 months from then vs the last two years of trading blue chips .

I'm heavily invested in AMC leaps and GME 4 month calls


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I usually don't trade these meme/reddit stocks but $AMC/$GME/$BBIG were great for me this week.

$AMC chart still looking great into next week.
 
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