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Misc Stock Market

Yall be sure to send all our neighbors(Gawx,Shaggy,Downeast etc) who voted for JB a Thank you card at the end of the year.

www.foxbusiness.com

Trump's booming stock market in peril as Biden assumes presidency

The record-breaking stock market that President Elect Joe Biden will inherit from President Trump is in danger of post-Inauguration Day selloff, according to Wall Street strategists.
www.foxbusiness.com www.foxbusiness.com
 
What do y’all think about shorting game stop ? Overvalued company with a dead business model . It should be on its way out but the Wall Street Bets autists are driving it up
 
NCSNOW said:
Yall be sure to send all our neighbors(Gawx,Shaggy,Downeast etc) who voted for JB a Thank you card at the end of the year.

www.foxbusiness.com

Trump's booming stock market in peril as Biden assumes presidency

The record-breaking stock market that President Elect Joe Biden will inherit from President Trump is in danger of post-Inauguration Day selloff, according to Wall Street strategists.
www.foxbusiness.com www.foxbusiness.com
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"But Trump always demanded to be compared with his predecessor, Barack Obama, and there he fell short. The Dow gained 72% during Obama’s first term, 14 percentage points better than it did during Trump’s term, though it was better than the 46% rise during Obama’s second term." ?

www.barrons.com

How Trump’s Stock Market Performance Stacks Up

The stock market did well. But how do the results compare with those from other leaders?
www.barrons.com www.barrons.com
 
Lickwx said:
What do y’all think about shorting game stop ? Overvalued company with a dead business model . It should be on its way out but the Wall Street Bets autists are driving it up
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Never under estimate the power of those autistic ------- at wsb.
 
Lickwx said:
What do y’all think about shorting game stop ? Overvalued company with a dead business model . It should be on its way out but the Wall Street Bets autists are driving it up
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I am mostly out over 40 now. When I bought in the 4s originally my thought was this was one of those stocks that kids at home on robinhood would eat up and drive up the share price....and that happened but never thought 40 dollars a share. It will head down at some point when reality sets in but if those same guys get some more stimulus money who knows.
 
Can someone explain to me, in simple terms, how to do calls and puts? I tried reading online, but it confuses me.
 
tramadoc said:
Can someone explain to me, in simple terms, how to do calls and puts? I tried reading online, but it confuses me.
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Think of them as contracts. If you BUY a call option (contract) you have the right to buy shares at x strike price by x date no matter the market price - you want price to go up. If you SELL/Write a call option you are on the other side of that - you collect the premium the buyer paid but are forced to sell your shares at that strike price (you want price to stay below your strike price).

Put is the opposite ... same concept but buyer has the right to SELL shares to the contract writer at x price. Buyer wants the market price to go down.

How to purchase them depends on your brokerage. You might have to request access.
 
DadOfJax said:
How do I do this through Fidelity?
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You might have to request access to "sell covered calls". I don't have fidelity so I can't say specifically how to do this. You should be able to call them and ask.
 
This is what options buying screen looks like in Vanguard account. To sell/write an option you would "sell to open".
2021-01-20_10-09-04.png
 
I’m on Robinhood. I don’t have much in there, but I’ve more than doubled what I’ve invested since August.
 
DadOfJax said:
Just applied....thanks buddy!
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Yep. You should probably read up on it a bit before jumping in. Selling covered calls is relatively safe (downside is same as owning stock). Buying options can easily become a 100% loss, or selling options naked (uncovered) can become > 100% loss (most brokerages don't allow you to do this).
 
DadOfJax said:
When its bought on the other side, do you make the premium immediately? Where does the premium go? Into your trading account?
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You receive the premium straight away. It goes into your cash account, but you wont show the "gain" in trading account because you are short the call. So you might get $20 per option, but you will still be short the $20 option (until it expires). At any point in time you can "buy back" the option you sold (assuming liquidity). So overtime the $20 option may go down in value to $2 (decays as it gets closer to expiration). So you would have the $20 premium and could buy the option back for $2 for a net gain of $18.
 
tramadoc said:
I’m on Robinhood. I don’t have much in there, but I’ve more than doubled what I’ve invested since August.
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Robinhood makes it easy to trade options, but you may need to request access. To sell an option you have to have at least 100 shares of the stock (1 contract = 100 shares). Buying an option you don't need any of the shares, but can lose 100% of the premium you pay.
 
Broken024 said:
Yep. You should probably read up on it a bit before jumping in. Selling covered calls is relatively safe (downside is same as owning stock). Buying options can easily become a 100% loss, or selling options naked (uncovered) can become > 100% loss (most brokerages don't allow you to do this).
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I gotcha. Ive been wanting to get in it for a while now, just never had a good position to do it. Feels safe here assuming this thing doesn't tank back to where it was a couple of weeks ago. I never can seem to time it just right. Always buy back in too early and it continues to drop. Sold at $2.75...watched the big drop...started inching back up, bought back at $2.50....now sitting at $2.33....lost most everything I gained.....SMH! I really suck at this!
LOL
 
metwannabe said:
Guess I'll take this Bojangles gift card and go buy me a midmorning snack........
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I was in under 2 bucks so it didn’t hurt so bad for me I guess. First sign of short attack I got out. This is also why I can’t get on those MVIS parabolic type runs. Because my hands are super soft.
 
Speaking of MVIS parabolic type runs, was hit with it's own daily short attack but will rebound and as one TA guy puts it, look at the big pic.... patience.

1611158250782.png
 
DadOfJax said:
Whats your feeling? I sold early, bought back in, and have now lost about all i had made. Get out?
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Wish I knew more. I wasn’t expecting a 10% pullback. Maybe fears of an offering to fund the project? Idk. Wish I could help more but I’m just a guy who’s money doesn’t move the market.
 
Jimmy Hypocracy said:
I was in under 2 bucks so it didn’t hurt so bad for me I guess. First sign of short attack I got out. This is also why I can’t get on those MVIS parabolic type runs. Because my hands are super soft.
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Don't worry, I didn't throw much at it.... didn't have enough info.
 
AUPH is one to look at for those who like to play FDA approval plays. They can be really lucrative but also risky if the FDA approval is delayed or denied. FDA ruling slated for Friday and could run into that based on anticipation of approval.
 
I've got two best guesses now:

A. We're about to end a close to 3 month move similar to what happened from June to early September 2020 soon where the Nasdaq jumped 27% and once it breaks, it'll lose 10-12%. But it will ultimately not be the end, it will just be a dip then probably consolidation before moving higher again. (reason I put the focus on the Nasdaq is if it breaks, everything breaks, and from November 10th on, it's ultimately shown 0 interest in breaking)

B. The Nasdaq is about to just go completely crazy like it did in that 1999-2000 massive long term blow off top and once that ends, the names that will take the biggest hit will be speculative tech names. They will get absolutely smoked and you'll see the Nasdaq take a big haircut off this.

For now, both options are on the table, but it's teetering really close to B, and THIS would be a real eyebrow raiser for me.

It wouldn't surprise me if we continued to hold up/move higher through big tech and Tesla earnings on the 27th, but if we don't reverse after that, we really have to be considering that B is the option here.
 
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GeorgiaGirl said:
I've got two best guesses now:

A. We're about to end a close to 3 month move similar to what happened from June to early September 2020 soon where the Nasdaq jumped 27% and once it breaks, it'll lose 10-12%. But it will ultimately not be the end, it will just be a dip then probably consolidation before moving higher again. (reason I put the focus on the Nasdaq is if it breaks, everything breaks, and from November 10th on, it's ultimately shown 0 interest in breaking)

B. The Nasdaq is about to just go completely crazy like it did in that 1999-2000 massive long term blow off top and once that ends, the names that will take the biggest hit will be speculative tech names. They will get absolutely smoked and you'll see the Nasdaq take a big haircut off this.

For now, both options are on the table, but it's teetering really close to B, and THIS would be a real eyebrow raiser for me.

It wouldn't surprise me if we continued to hold up/move higher through big tech and Tesla earnings on the 27th, but if we don't reverse after that, we really have to be considering that B is the option here.
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I agree 100%. Makes me nervous to see such manic buying right now. I opened a QQQ short at close. But, wouldn’t be surprised if this keep trucking.

4FF34B96-35BD-4466-92BB-96DF61AB1AC6.png
 
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