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Misc Stock Market

Buy backs are generally not good for near term share price. No company wants to buy shares back when they’re expensive
 
Rejected today trying to get back above the hourly resistance area drawn from the lows last month during the Ukraine invasion. Now we’re back here.B6C3105D-9608-4E0F-879C-D1CF4986C0DD.jpeg
 
Welp, for a change of late, I got a gut call right, found the pump a bit suspect and bought SQQQ this afternoon.

I kind of think Apple will have a floor put underneath it tomorrow though after the initial start similar to how it felt this way with Google yesterday. Amazon, no though. Even if you want to throw away the Rivian stuff, those that follow Amazon are complaining that it was a very crappy quarter, think there’s a very good chance you see a -10% tomorrow and it gets smashed to $2460.

I’ll sell SQQQ early in the morning and either flip to WEBL or sell puts on something tomorrow. If we do end the week with 5 straight red weeks on the Dow, I have my doubts we see a 6th, just like I had my doubts in mid-March.

It may be too obvious though.
 
“CEO Tim Cook kicked off the earning call by recognizing the company's efforts in Ukraine, such as donating products to support refugees arriving in the United States, and spoke to the current "unpredictable" state of the pandemic as the company starts to welcome employees back to the office. "These times remind us that we cannot know what the future may hold," he said”

“He also referenced growing restrictions in China following an increase in Covid cases, but said many of the impacted assembly factories have since restarted. He said this, along with industry-wide silicon shortages, will impact the next quarter by $4 billion to $8 billion. The company is also keeping an eye on how inflation will affects customer spending in the months ahead.
"We are definitely seeing a level of inflation, like everyone is seeing," Cook said. "We are monitoring [consumer impact], but our main focus right now is on the supply side."”

www.cnn.com

Apple warns of serious supply headwinds in China

Apple topped Wall Street's estimates in its latest quarter and reported one of the strongest three-month periods in its history on Thursday thanks to record revenues for its services business and strong iPhone sales. However, the company warned that new Covid-related restrictions in China could...
www.cnn.com www.cnn.com
 
GeorgiaGirl said:
Well, I must give some credit. Does seem as if that move in early February by Amazon was just an algo misinterpretation.

Certainly, did screw those that were panic put buying.

Seems like Apple’s earnings were pretty good but I’m really not sure how they’re going to be able to keep it up considering the mess in China, unless things calm down there.

And it also seems as if the shorts got smart and got the f--- out today considering memories from getting bruised and battered back in late January, because whew boy, Apple is the stock that can and WILL screw you over if you want to press it short wise on NQ and boy did many get screwed over in late January.
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You are so wise. Thank you for sharing.
 
Well big tech gonna get slaughtered tomorrow . Amazon ER sucked , apple said supply chain issues could create an 8 billion dollar loss in Q2 and now this .......

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Well, this partially explains the market selloff on Tuesday. Not a full one, but partial (the other part of it was likely earnings jitters) because Tesla for whatever reason can really push NQ around:

www.cnbc.com

Elon Musk sold around $8.4 billion worth of Tesla shares this week as he moved to buy Twitter

Elon Musk sold roughly $8.4 billion worth of Tesla shares, according to filings with the Securities and Exchange Commission.
www.cnbc.com www.cnbc.com

Honestly have a feeling that he and Cathie were both selling for a while earlier today and when that weight was lifted, the nature of the market really changed.
 
Storm5 said:
Man I'm so glad I've been loading Amazon puts and put spreads the last few weeks .

Wish I had bought hood puts


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You’ve been all over the Amazon trade ?

HOOD is a train wreck, burning cash, rev down. Yikes.
 
Tesla big gap up with Elon done selling. ?

Will probably close my position in pre-market.

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NQ intraday flag....if Q's see $320 later this morning I am buying lotto calls.

Screen Shot 2022-04-29 at 8.38.35 AM.png
 
KyloG said:
NQ intraday flag....if Q's see $320 later this morning I am buying lotto calls.

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And we break up and out...they yanked it lower initially to clear the stops...they love to do that.

Sadly I sold TSLA at $915 but I did add AMZN at $2530. I couldn't have screwed that up any worse....

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AMZN hasn't been below it's 200 wma since the financial crisis....numbers were not this bad.

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Critical spots is $321...right at the .618 fib...bulls fighting back. This is the pivot of the day....

My Tesla put spread is hanging by a thread....I am not just going to piss away a $1k on that.

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