Thor
Member
AWGI ? ?
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Per usual, I sold out of UVXY a day early. What a pop
Correlation to these garbage stocks running and the market tanking is interesting. I am ready for the brokerages to remove option buying from these stocks...allow buying of commons but just disable option buying to stop these gamma squeezes.
jovialweather
Member
Let's go AWGI! Any reason why it's on a rally?
Thor
Member
From what I'm understanding a reduction in Authorized shares(I'm seeing 10 billion). But basically any news or fillings and it will move. LGBS kinda similar path, the company said news next week on that one.
snowlover91
Member
My portfolio consists of 3 tickers right now, PVDG, AWGI and BCV for the dividends. PVDG finally went pink current today so a PR could happen at anytime now. AWGI had a reduction in shares and is steadily progressing towards merger, it is going to be a good one I think when that merger happens. BCV is where I'm sticking some gains, it follows the general stock market but pays a nice dividend so dips in the price will help buy more shares.
GeorgiaGirl
Member
Probably a 9/3/2020 repeat, just with slightly different circumstances (NDX was too hot going into that day, this time a mix of volatility from GME and the bond market, although my dad has a very interesting take about that, which does make sense, but it's just interesting) and I'll really start thinking that it is if you see similar moves tomorrow to what happened on 9/4.
I freaking KNEW that it was odd that the Dow had spent several trading days just not caring at all about the tech rout. With dot.com, sometimes you saw it diverge with NDX, but usually, even though you always see the biggest swings with NDX, there isn't that "big" of a difference between the main three. Plus it had hit 32k yesterday, and I remember it slowed down at 31k last month, and it slowed down after it hit 30k in November.
Most weren't expecting anything like this either. Even though futures were up yesterday, I knew down was possible (I was looking for 388-389 on SPY), but I didn't think down was going to be this.
NDX is in bad shape...like bad bad.
Still probably isn't done though yet for the medium-long term, but it's now probably likely that it's going to need a consolidation period like what September through October ended up being instead of there being a quick snap back like what happened in late January.
I freaking KNEW that it was odd that the Dow had spent several trading days just not caring at all about the tech rout. With dot.com, sometimes you saw it diverge with NDX, but usually, even though you always see the biggest swings with NDX, there isn't that "big" of a difference between the main three. Plus it had hit 32k yesterday, and I remember it slowed down at 31k last month, and it slowed down after it hit 30k in November.
Most weren't expecting anything like this either. Even though futures were up yesterday, I knew down was possible (I was looking for 388-389 on SPY), but I didn't think down was going to be this.
NDX is in bad shape...like bad bad.
Still probably isn't done though yet for the medium-long term, but it's now probably likely that it's going to need a consolidation period like what September through October ended up being instead of there being a quick snap back like what happened in late January.
This is the Q's but I don't expect $303 to go down without a fight....that was August high. But, I think eventually it does get down to the bottom of the channel (295-300). We already have had a 8-9% pullback.
Apple at bottom of channel...weekly chart. I get interest rates are rising but Apple just had blowout earnings...these aren't unhealthy companies. Could this fall all the way to $106...$115 going to be a fight if $120 falls.
Im really thinking of making a deposit to TD and following your lead on these. You’ve been pretty spot on with these. You think if I get in on PVDG and AWGI in the next week or so that I’ll be in good shape?
snowlover91
Member
PVDG it all depends on what they PR and how soon, no one knows really what to expect and it’s already risen quite a bit but it has potential to go up further from here if they have good PR. If it comes out as “fluff” PR then the run for it is done. On the riskier side to enter right now I’d say but plenty of upside if PR is good.
AWGI I think is a better one to look at potentially entering. It is a Paul Moody play, he takes old dormant tickers and cleans them up, then reverse merges in a real legit company. They’re still in the process of that and it’ll probably be a few weeks before we find out the company. The chart it tends to bounce up to .01 and then gradually sell off into the 005-007 range. If it were me that’s the range I would look at for a buy point. OTC traders have a short attention span and they’ll sell it after the spike today to chase something else. The real move will happen when we find out who the company merging in is and we could see a MASSIVE move up if it’s anything like his other companies.
Hope this helps some, just remember pennies are always a bit riskier than big board stocks but the potential gains are also much better. I trade pennies exclusively and it’s been a good move for me. Would love to do it full time someday but I’m not there yet.
Kind of reminds me if 2017-2018. I thought that end of 2018 people started to panic about rising rates...but Fed was raising rates back then. They aren’t and won’t for a while.
but after that crash it went on a great run we are in now.
but after that crash it went on a great run we are in now.
Hang Seng getting torched again tonight. I just don’t see a scenario where this ends well for US markets.
Asia markets are done for a while 
Actually Hong Kong might have a chance to hold this level
GeorgiaGirl
Member
After sliding earlier tonight, the 10 year was back at 1.5 as of my last look. Imagine if PCE data is hot tomorrow, and I’d likely side with that being the case.
Pretty convinced now that the medium term top came in on NDX in futures trading a couple weeks ago. I’d look for a low to be put in early next week and then chop for a while, bore people, maybe put in another slide and higher low, then quietly rally with not as many noticing for a while. That’s the way that would screw with the most people so that’s most likely what the case will be. And it will last a few months and then something will come up and it will puke again.
Pretty convinced now that the medium term top came in on NDX in futures trading a couple weeks ago. I’d look for a low to be put in early next week and then chop for a while, bore people, maybe put in another slide and higher low, then quietly rally with not as many noticing for a while. That’s the way that would screw with the most people so that’s most likely what the case will be. And it will last a few months and then something will come up and it will puke again.
Bought 250 shares of PLTR at $23 this morning. Long
MVIS on the drop at $14.25. Picked up 250 at that price point. On the way back up now
I see.
I see.
If I see another drop later today under $15 I might move some money around and grab another 250.
Edit: Not doing too bad on my average cost per share. Even with 250 @ $14.25 my average per share is still under $8
Edit: Not doing too bad on my average cost per share. Even with 250 @ $14.25 my average per share is still under $8
GeorgiaGirl
Member
Didn't post this on here but like I figured, I think your more Dow type stocks/cyclicals are done for a bit. Makes perfect sense, fantastic run by the Dow after it had poked under 30k briefly in late January.
Something like this could get shielded a bit if yields chilled like they were chilling in January (as it didn't look great for a couple weeks in January after it hit 31k for the first time but tech was rallying so it didn't get smashed until the GME frenzy), if not, it wouldn't surprise me if it traveled back there.
The thing that's funny is there's a big gap around 29k that it just hasn't cared about. Dow 30k+ and largely holding for several weeks is honestly crazy since it's more weighted to recovery type stocks.
But that goes to show, the stock market likes to price in things that they think are going to occur, and I honestly would agree with this move. It's a move that's pricing in a country that's going to be basically very close to fully normal later this year.
Something like this could get shielded a bit if yields chilled like they were chilling in January (as it didn't look great for a couple weeks in January after it hit 31k for the first time but tech was rallying so it didn't get smashed until the GME frenzy), if not, it wouldn't surprise me if it traveled back there.
The thing that's funny is there's a big gap around 29k that it just hasn't cared about. Dow 30k+ and largely holding for several weeks is honestly crazy since it's more weighted to recovery type stocks.
But that goes to show, the stock market likes to price in things that they think are going to occur, and I honestly would agree with this move. It's a move that's pricing in a country that's going to be basically very close to fully normal later this year.
The fed didn’t even let spy touch support. They bought it up at 378 and said “ok that’s enough”
GeorgiaGirl
Member
Yields have gone completely haywire and the Dow absolutely can't handle it even though it's well off its session lows. They may now be puking too fast if it holds, which might hit everything outside of tech (edit: which would eventually drag tech too).
Took some profits earlier with PLTR. Nice little pop from my entry all things considered. This market is just a bit weird for me right now. Hard to ignore what’s happening globally especially with Asian markets right now. If I would have taken the time to create some grounded long positions last year on the way up I wouldn’t feel so inclined to get in and out do quick. Oh well. Tough learning curve. Just a student of the game for now.
How bout that sell off at the bell! Damn Sam!
Ouch
GeorgiaGirl
Member
That last two minutes was likely big funds rebalancing into bonds, and to force a close that'd keep everybody guessing on what March will bring, like what happened in the last week of January. Right at major support in both cases.
Do they pull that +200 nonsense in SPX again? Not sure that it's possible this time as a lot of growth names aren't in good shape at all. NDX as a whole is likely going to need a consolidation period. Which is fine, we saw how that ended up playing out recently.
If they test 377 and it bounces, I'm thinking choppy with an up bias, but if it fails...
365 is in play soon.
Do they pull that +200 nonsense in SPX again? Not sure that it's possible this time as a lot of growth names aren't in good shape at all. NDX as a whole is likely going to need a consolidation period. Which is fine, we saw how that ended up playing out recently.
If they test 377 and it bounces, I'm thinking choppy with an up bias, but if it fails...
365 is in play soon.
D
Deleted member 609
Guest
Sold a 26.5 pltr put this week. I will be a proud owner of 100 shares at 25.5 basis monday morning. Unfortunately they are only worth 24 currently ?.
D
Deleted member 609
Guest
Monday always green... until it's not
That was my thought today as the market took a ---- at the bell.
GeorgiaGirl
Member
Tesla is -23.24% after January 8th, holy **** I didn't realize it was that bad.
That may be a sign though that whatever goes on with them is potentially brush off-able by the S&P 500.
That may be a sign though that whatever goes on with them is potentially brush off-able by the S&P 500.
Jon
Member
I’d love Tesla under $500. I think the true value is around there. These prices are absurd. ARK and Cathie Wood hype should cool off a little more too. I like her stuff but everyone needs to calm down a bit. Tech should cool off more next week, good buy opportunities but I don’t even think of these as discounts, they’re more like prices set in reality, haha.
We can’t keep going like this. Bubble has to
burst. This is unsustainable. The last time we got vertical like this was during the dot com bubble. I think we’re in trouble soon.
burst. This is unsustainable. The last time we got vertical like this was during the dot com bubble. I think we’re in trouble soon.
GeorgiaGirl
Member
GME truthers are getting so deranged that they think a routine OPEX on March 19th is a sign of when GME is going to explode and bring down everything with it:
Endgame DD: How last weeks actions all come together to one specific Date. All the data analyzed. : GME (reddit.com)
Endgame DD: How last weeks actions all come together to one specific Date. All the data analyzed. : GME (reddit.com)
$JNJ will go to the ? on Monday.
Jon
Member
$JNJ will go to theon Monday.
on Monday.
Why? The news was expected. What has changed?
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Cramer's week ahead: February jobs report could trigger a 'tsunami of selling'
"If we get any strength here at all, any strength, please brace yourself for another tsunami of selling as interest rates go higher and stocks go lower," the "Mad Money" host said.
drfranklin
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