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Misc Stock Market
- Thread starter ForsythSnow
- Start date
We're seeing broad risk-off action across multiple markets. Doesn't bode well.
buckinbronco
Member
Oh yeah we are talking about pure speculative buying AKA gambling.
I tried trading a bio company last year and at first it was up 80%, then overnight after a drug trial failed I was down 90% on my initial investment. Never again. ?
Fortunately, it wasn’t a lot of money.
Food for thought for longer term investors: DJIA at today's close is almost 10% below its 1/4/22 record high meaning it is almost officially in "correction" territory: I'm not yet nibbling as I think more drop is coming but will start slowly nibbling at some point:
pcbjr
Member
I fear it hasn't got a European invasion against which to "correct" on a programmed basis ...
I fear it hasn't got a European invasion against which to "correct" on a programmed basis ...
Yeah, I think the downside risk is still too high now to even just start nibbling with new money. But at some point the bearishness will be baked in and it will start rising even on bad news...the nature of all markets. It often hits a longterm low when things look the most bleak. It takes a lot of guts to get lucky or be "skilly" enough to buy a bottom. Nobody can predict that and that's why nibbling/dollar coast averaging is best in my mind as opposed to trying to pick THE bottom with all of one's new investing.
Could this be the bottom already? Of course it can, as nobody or nothing will ever be able to tell us, but.......
@Broken024 buy BYND calls with me tomorrow. Earnings after close tomorrow. Anybody eat this ----?
I used to own this pre merger as a SPAC
LOL! Already obliterated and down another 30% after hours. Cash burning machine. Not profitable.
LOL! Already obliterated and down another 30% after hours. Cash burning machine. Not profitable.
pcbjr
Member
Buy stock in the Pisgah Inn ... it's a cash machine ... LOL
For real. We already booked for October. Rates are up at least 25% from last year. Cash machine.
Broken024
Member
My work makes me hold stocks/calls for at least 30 days (can only day trade etfs). I'm not trying to hold bynd for 30 days.
Better open up a separate brokerage account then. Use my E*TRADE promo code: FUKD420
Broken024
Member
Just give me your pw. I'll use that to trade
You work in banking there in Charlotte, I assume?
At least you can still “invest” in 0DTE OTM SPY options.
Broken024
Member
Broken024
Member
I have no doubt my trades are a running joke in the complance department
Haha, nice, I know some folks who work in banking there, as well (I was an Econ major in college).