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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Thor
Member
I'm with you here. Having traded all the nasty pinks over the years this has been following that playbook to a T. Which is ok I know that game. Wouldn't be surprised if there's another ATM, I mean they have to generate money because they aren't generating revenue. But I've been eyeing January levels for my re-entry, looks like we are there now though.
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GeorgiaGirl
Member
You'd think that the most important NDX stock being down more than 3.5% would cause more than a gap down in NDX that gets bought. I sort of figured that this was going to happen, but it's still something to see.
I still think it pauses though, but then I didn't think it was going to set a record high this week. I'm thinking more a 3% drop though that may have started.
I still think it pauses though, but then I didn't think it was going to set a record high this week. I'm thinking more a 3% drop though that may have started.
VegasEagle
Member
I would fish somewhere else. It should go back up sometime, but, I believe you can find better
Every stock in the index could verge on bankruptcy and the index would still be bought. I know you don't really want to discuss anything, but until CBS cease with their easy money policies, that is the way it's going to be.
I can't rationalize tech (QQQ) being up 150% over a 3yr period. S&P up 90% over that same period. Valuations have become so historically high that I don't know what this market even trades around anymore. Seems like the mm's, tutes, are so good at keeping the indexes up by rotating money and with job market so strong people just keep pouring money into with IRA/401k/529. All anyone knows if you buy a S&P based ETF you will make 20% over the next 12 months, andy why shouldn't they.
I don't know what's going to bring down this market...banks are strong many companies are thriving. Even if the Fed raises rates I only see that as a temp downturn and the market will continue going right back up.
One more rant...I can't rationalize Tesla. Ford just reported $39B in quarterly rev, raised guidance and has a $65B market cap. Tesla reported $13B in rev and has a $1.2Trillion market cap. Toyota delivers 10x the number of cars as Tesla and has 1/4 of the market cap. None of this makes any sense.
$NFLX - has seen yoy quarterly growth decline for the past 3-4 years but yet it's stock has been parabolic for the past few months. Why?
I can't rationalize buying NFLX, it's not cheap...but what is cheap...
I can't rationalize buying NFLX, it's not cheap...but what is cheap...
MVIS ?
I keep thinking this may not end well. But maybe it really is different this time.
GeorgiaGirl
Member
I do think the Fed announces taper next week but still think rate hikes are a little further out, although the bond market thinks that the Fed has been lying here.
In my opinion, I don’t think the Fed wants to halt QE immediately, like the Bank of Canada just did. Doing so would be admitting that they’ve been wrong, which I don’t think they want to do. It also might wreck the bond market as well.
Messaging probably matters the most when they speak next week but I think we’re going lower anyway next week, likely led by small cap and Dow type stocks, as that’s been the economic slowdown playbook.
(I still think smalls eventually break to the upside, just a dip here)
Doubled my crypto account while I slept last night ? 
Nice! That $10 will almost buy you a combo meal at Hardee's!
Increase that by about $2,490!
might make a big anonymous donation to the the site so we can get some better left wing censorship in the politics thread!
Broken024
Member
Send me 2k. Ill send you 4k in 2 weeks. Free money.
$IWM - chips have been pushed into IWM for several weeks now and it's going nuts today. I actually moved some money over $IWO on Friday, they do follow each other but the IWO could outperform IWM a little if they want to push to ATH's.
MVIS clawing back this morning. I don’t think I’m adding this one until it breaks 
Friday wasn't a good candle but today it storms back. This thing is so tricky but I think it looks good still.
Can see $13.50 going to be some resistance...still holding, I like this for a Q4 run. It has earnings next Monday so that makes me nervous but will deal with that on Friday.
GeorgiaGirl
Member
I remember reading something from a guy that's smarter than me about gamma that said that he didn't think the gamma squeeze game was going to be easily playable in Tesla once it became a member of the S&P...well now it's happened twice (latter part of last year into early this year and recently).
I don't know when this is going to stop but it's going to and likely eventually falls 30%+ again, and maybe we'll do this cycle again...or maybe the Nasdaq will fall 20% (my guess is next year at some point in the year but your guess is as good as anyone's on when).
I don't know when this is going to stop but it's going to and likely eventually falls 30%+ again, and maybe we'll do this cycle again...or maybe the Nasdaq will fall 20% (my guess is next year at some point in the year but your guess is as good as anyone's on when).