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Misc Stock Market

GeorgiaGirl said:
Needless to say, today wasn't all that hard to predict. I knew jobs reports was going to beat projections again. Major green unless some big players decide to take profits before the 3 day holiday, and even if they do it should still be solidly green.

Future days might be murkier, but for today the stock market says Happy early Independence Day.
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Down 355 points from the high today, not that good of a look going into the holiday but a nice bounce near close. Was only 43 points up last 5 mins of trading
 
Lmao futures are going berserk at least as of right now, I actually figured red tomorrow but I guess maybe not. We'll see if 3140+/3150+ can hold finally. If not, I think we probably wind up fairly flat for the week.

Also snagged this from stocktwits earlier in the evening (90% of that site is ****, but there's some interesting info, especially if this is true):

ifthisistrue.png
 
It is the year 2025. The NASDAQ is currently at 20,000ish, and has been up 9 out of the last 10 days consistently. The froth knows no end, and it just keeps on going.

But seriously, this is at least the 3rd or 4th time I've been thinking the NASDAQ is way too frothy on the day in like the last week.
 
GeorgiaGirl said:
It is the year 2025. The NASDAQ is currently at 20,000ish, and has been up 9 out of the last 10 days consistently. The froth knows no end, and it just keeps on going.

But seriously, this is at least the 3rd or 4th time I've been thinking the NASDAQ is way too frothy on the day in like the last week.
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TINA mode in effect
 
I think the S&P 500 wants 3220 next week if something awful doesn't occur and can see the DOW getting to 26500 soonish after some normal waffling. Think the NASDAQ is overstretched but that hasn't mattered yet.

Beyond that, idk. It'd make sense to pull back after those levels but nothing makes sense anymore.
 
Purchased 500 shares of WIMI on Friday morning at $ 7.19. Sold later that morning at $8.95 thinking it wouldn't break $9 since that was the premarket high, Thursdays close was $4, you would think it would cap out by $9 for the day. I thought I was so smart...here was the chart when I sold. I thought I was the man...but...

Screen Shot 2020-07-11 at 9.48.21 AM.png


Unfreakenbelievable...look what happens, never stops going up...all the way to $23+. ?

This pulls back back to $15 or so I will hop back on. It has a huge gap to fill now back to $14.

Screen Shot 2020-07-11 at 9.48.32 AM.png
 
Rain Cold said:
Tesla is a fraud. One day it's going to come out and the stock collapse is going to be epic.
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TSLA hasn't had a profitable FY yet and that is with them making $400m or so selling regulatory credits. They are worth almost $300B but they did $24B in rev last year. The rev growth does justify a $300B but not sure how they are going to become profitable, he's been laying off people over the past year. High growth companies don't lay off people usually. They are also going to see a ton of new competition, which he really hasn't had. I wouldn't touch TSLA stock.

I do own NIO (EV stock), got in at $13 this past week, and plan on staying there. It's a company based in China selling eSUV's and doing really well. It's got a ton of financial backing now to get going and if it can expand to Europe/US it will really start growing.
 
Watch for the snowflake IPO. They're IPO'ing either this summer or sometime in the fall. They're a cloud database firm and are already pretty profitable.

When they IPO it'll probably be a pretty good swing trade, especially if you hit the right price it starts at, and it might be a good investment in general.
 
GeorgiaGirl said:
Watch for the snowflake IPO. They're IPO'ing either this summer or sometime in the fall. They're a cloud database firm and are already pretty profitable.

When they IPO it'll probably be a pretty good swing trade, especially if you hit the right price it starts at, and it might be a good investment in general.
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Attended webinar a few months ago and it's a cool product. CEO is legit, going to be rocket when it does IPO.

Seems like I have been hearing about there IPO for many months now. Tech is super hot right now, you would think they would do it sooner than later.
 
Sexy market this morning. Covid still hasn’t ended the world. Room to run above 27,000 this week imo
 
Don't look at Tesla's price today. ?‍♀️?‍♀️?‍♀️

At this point, I do think they're going to wind up being your next cautionary tale, potentially as soon as spring next year even if they remain a reputable company.
 
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We went higher than my 3220 target for the week on the S&P 500 and it only took about an hour and a half. If banks even surprise just a tiny bit the DOW is probably going to be thrown to 27,000+ before any chance of another pullback.
 
GeorgiaGirl said:
We went higher than my 3220 target for the week on the S&P 500 and it only took about an hour and a half. If banks even surprise just a tiny bit the DOW is probably going to be thrown to 27,000+ before any chance of another pullback.
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Mania and money printing will do that every time.
 
www.teslarati.com

Tesla (TSLA) is worth more than Volkswagen, Toyota, and Honda...combined

Tesla (NASDAQ: TSLA) officially has a higher valuation than Toyota, Volkswagen, and Honda combined thanks to a significant surge in the electric automaker’s stock price over the past week. Toyota, Volkswagen, and Honda currently sit at the second, third, and fourth-most valuable automakers in...
www.teslarati.com www.teslarati.com
 
Tesla is freaking hilarious at this point, although it would've been a good buy in the 100s-400s, it would have most definitely been a bad idea in the 1000s+ (and especially 1200s+), can't imagine how many people are trapped there.

thanks for reminding us all that FOMO is a bad idea in ONE day.
 
KyloG said:
Purchased 500 shares of WIMI on Friday morning at $ 7.19. Sold later that morning at $8.95 thinking it wouldn't break $9 since that was the premarket high, Thursdays close was $4, you would think it would cap out by $9 for the day. I thought I was so smart...here was the chart when I sold. I thought I was the man...but...

View attachment 44046


Unfreakenbelievable...look what happens, never stops going up...all the way to $23+. ?

This pulls back back to $15 or so I will hop back on. It has a huge gap to fill now back to $14.

View attachment 44045
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You should really check out MVIS before it skyrockets. And check out the. MVIS group on Reddit, unbelievable information and unlike any other reddit group I've seen.

HBTX is another one about to go boom
 
Since there's no Corona thread right now, I'll just post it here...

I know my 17 year old self wouldn't have done well with online schooling. That version of myself was badly addicted to playing Mario Kart Wii and I needed the structure that in person school, going to my grandparents, and also being a huge fan of college football brought. I loved my senior year of high school even though I was probably one of the middle kids at best in popularity. I hate that some kids are likely going to miss out on that year.

Now 25 year old me might go hybrid if allowed assuming I am accepted (but I do have a strange reason, while I do think you should wear masks if you can't distance, I'm just not acclimated to doing it) but I KNOW I couldn't have done mostly online as an older teen. I'd have probably rushed through my work, then been playing video games 5+ hours a day on the reg. I'm already playing them more than I have in quite a while right now even though I have more self control than I did back then.

Also if California is apparently starting to fully shut down again like someone claimed, my aunt and step uncle might be stuck.

Edit: Looks like they are. Whoops. Hopefully my aunt and step uncle can get out and back to their home in the Sarasota/Bradenton area (even though that isn't much better).
 
Just made my first real profit off a stock! 100 dollars . Sold my shares of VXRT at 14.93. It has really took off last 2 days though I think it will come back down . Will buy back in when it does , real chance of it soaring is when this vaccine news comes back.
 
Lickwx said:
Just made my first real profit off a stock! 100 dollars . Sold my shares of VXRT at 14.93. It has really took off last 2 days though I think it will come back down . Will buy back in when it does , real chance of it soaring is when this vaccine news comes back.
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Yeah I sold and got my cost basis out of it and now I'm riding 120 shares for free. Holding those long term as I think it has a lot of catalysts coming up that could really move things in a positive direction. Also got some BOXL today, could be a good play with some states announcing online schooling due to covid-19.
 
Solid day overall right now but I have to wonder if whether the China information at 5:00 is going to cause an after hours dump.
 
Well I leave watching the market for a half hour to do a meeting and see that because nothing makes sense anymore, we ended up higher than where we were yesterday at the highest on the DOW.
 
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