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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Looks like a little head and shoulders forming.
Yeah, it isn’t the most inviting stock chart. ?
Picked up Pfizer at $34 a few weeks ago...great dividend and a value play. They should blowout revenue next couple of years with their covid vaccine. Just broke the 100dma which it’s been fighting for a several weeks. Slow mover but going to hold.
snowlover91
Member
If y’all wanna see a monster stock check out RGBP. I’ve daytraded this one twice and made a killing off it. It has gone from .002 to a high over .08 at the peak today. If you invested $1,000 in this one a week ago it would have been worth 40k at the peak today... insane. Run might be close to finishing but it has had heavy buying pressure, over $100M in volume today. 
TDOC is getting very interesting. Had a huge run up but now way oversold. $2B in rev this year at $28B market cap. 14x multiple but is growing solidly.
Teladoc (TDOC) Q4 Revenue Tops Views, Offers Guidance
www.streetinsider.com
Filed my taxes tonight (what a ----ing task) so I feel freed up and ready to trade recklessly again. LFG
GeorgiaGirl
Member
If it isn't simply retail getting back to work and other things becoming more of interest, I think the fun growthy names getting taken out back and brutally beaten scared away a lot of retail (or even blew them out), as volume has been down.
If nothing really exciting happens when we pull back here, I'm guessing that a very 2017 like market is likely until either when the Fed says otherwise or September (which is pretty much aka: further notice as that's months from now) as long as earnings are what is expected (and they're expected to be great, there was one analyst that had a forecast that actually justifies where the S&P is at currently, at least in my opinion). No crash, minimal pullbacks (more of the same thing that's been seen so far), and just overall drift higher to who knows where while people worry about breadth, volume, etc...
Complete complacency will then sink in and then we'll wake up one day and it will be at a minimum, September 2020 for the market.
But have to get through the rest of this month first. The odds of an 8-10% pullback are as high as they've been in a while imo. MMs unwinding hedges has been problematic all year so far when they do and I believe taxes are due in May. If it doesn't happen here it's not happening for a while I think.
If nothing really exciting happens when we pull back here, I'm guessing that a very 2017 like market is likely until either when the Fed says otherwise or September (which is pretty much aka: further notice as that's months from now) as long as earnings are what is expected (and they're expected to be great, there was one analyst that had a forecast that actually justifies where the S&P is at currently, at least in my opinion). No crash, minimal pullbacks (more of the same thing that's been seen so far), and just overall drift higher to who knows where while people worry about breadth, volume, etc...
Complete complacency will then sink in and then we'll wake up one day and it will be at a minimum, September 2020 for the market.
But have to get through the rest of this month first. The odds of an 8-10% pullback are as high as they've been in a while imo. MMs unwinding hedges has been problematic all year so far when they do and I believe taxes are due in May. If it doesn't happen here it's not happening for a while I think.
J&J is down this morning.
$TDOC looks ready to reverse...going to see how it closes, but if it closes over the 8/21dema then will add to my long term account.
Yeah operation small cap obliteration still in effect
The last time I felt like the indexes were never going to have a red day was late August....I started taking profits in several holdings today. I am completely out of TSLA, picked up at $592 a couple of weeks ago...sold at $737. I sold 90% of $SQ, 80% of $APPL too.
This is getting nuts...everyone has completely sold out of small caps, bio's, and bought large caps. It's earnings seasons so not sure how much of a sell off we are going to get until after earnings season.
GeorgiaGirl
Member
QQQ got close enough to the $340 mark to where I think that's it for now here.
So, we saw what I was looking for. The Nasdaq did challenge its record high and actually made it in NDX today (finally making it over that 13.9k futures print), but I'm guessing at least a mild pullback here.
The question now will be is other stuff too broken to allow it to pause this time? Honestly that answer seems to be yes with smalls (even before the JNJ stuff today), but we won't know until it plays out elsewhere.
So, we saw what I was looking for. The Nasdaq did challenge its record high and actually made it in NDX today (finally making it over that 13.9k futures print), but I'm guessing at least a mild pullback here.
The question now will be is other stuff too broken to allow it to pause this time? Honestly that answer seems to be yes with smalls (even before the JNJ stuff today), but we won't know until it plays out elsewhere.