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Misc Stock Market

Lickwx said:
I think they go down again, they haven't even broke ground on their project and delayed the start. Its only rising because they announced a deal. Once that blows over it will go down again perhaps, ill buy more again if it goes under 4.
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Makes sense. Maybe I'll sell a 4$ put.
 
Didn't realize that it was hard to understand that if you're a COVID play stock, you're likely going to struggle even if you show that you're doing well. Like I've said I don't trade often (I just have investments and like to watch, maybe too much), but I think it's simple enough to understand why the Zoom's of the world have had their stocks struggle lately.

They reversed their initial spike down in the after market but it really wouldn't surprise me, if in the case it's up to start tomorrow, that it being up gets sold off again (it was during its last earnings).

This is part of why I've said that for the Nasdaq, it's FAANG/semis, or welp for the most part right now (outside of maybe Tesla, and some of the other profitable tech companies in there).

I sort of wouldn't mind if semis dipped again, that last washout there went way too fast for the way I think (I added AMAT and want to add some more, and I'm also considering LRCX/ASML).
 
metwannabe said:
Took some profits, going to buy that golf cart I promised the wife. Also some crazy late AH .50 jump, seems poised to break 19 PM....
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Of course if I had waited one day I could buy the luxury golf cart :rolleyes: Never second guess profit taking (that's what I keep telling myself), wow almost $20 PM
 
Lol AMC

If this is going on tomorrow, I 100% expect it to be blood red in the rest of the market btw. Today being a weekly OPEX for the major averages is saving it, but there's no OPEX tomorrow.

Won't be playing any of it, but I suspect an encore for AMC will likely mean the S&P is down 1 to 1.5% tomorrow.
 
GeorgiaGirl said:
Lol AMC

If this is going on tomorrow, I 100% expect it to be blood red in the rest of the market btw. Today being a weekly OPEX for the major averages is saving it, but there's no OPEX tomorrow.

Won't be playing any of it, but I suspect an encore for AMC will likely mean the S&P is down 1 to 1.5% tomorrow.
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I sold today. Got in on AMC at 15. I’m happy but already experiencing FOMO…but on the same token, Im glad I can stop checking my phone and having anxiety over a memestock now. Lol.

The high short interest stocks are rising again, some from AMC may jump there. $WKHS or $GTT may have some more room to run
 
Jimmy Hypocracy said:
More big news for TELL..what a gift I gifted you hodlers. Moneyprinter go brrrrrr @DadOfJax
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I sold my entire position yesterday at 4.70 on a stop loss. I got busy at work and couldn't get back in on the 4.30 range. Woke up to this insanity. I was able to re-establish a position at $5.25 during pre-market. Left 5200 shares for about a 10K profit, got back in on 4000 shares with about 3600 left over to take a much needed vacation with the pregnant wife!
 
DadOfJax said:
I sold my entire position yesterday at 4.70 on a stop loss. I got busy at work and couldn't get back in on the 4.30 range. Woke up to this insanity. I was able to re-establish a position at $5.25 during pre-market. Left 5200 shares for about a 10K profit, got back in on 4000 shares with about 3600 left over to take a much needed vacation with the pregnant wife!
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Well done, partner!
 
AMC 50% down this morning. Back up to 10% green. Back down to 20% red into the close..I live for this sh**
 
Crypto tanked tonight...tomorrow morning's stock futures should be interesting if this doesn't turn around or worsens...and by interesting, I mean it could be ugly.
 
GeorgiaGirl said:
Crypto tanked tonight...tomorrow morning's stock futures should be interesting if this doesn't turn around or worsens...and by interesting, I mean it could be ugly.
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salivating at these crypto levels - still waiting - sold my BTC/crypto at about 45k - BTC should go lower from 33k - but, HUGE resistance at 30K - breaks that, hang on
am a crypto proponent - this is not just another "asset class" - newer crypto is transformative, much like the internet in the mid-90's
long term large cap crypto (esp ETH) has HUGE upside potential (tiny flies in the ointment: Federal Digital Coin and possible Tether disaster...haha)
trying to get DOT below $20 so I can stake for 12% on Kraken
 
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Rain Cold said:
Futures rocketing. Not sure why people keep expecting the market to tank. Too many invested in making sure it remains elevated.
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Should see more highs on SPX, but it will likely come after a pullback because it's already rejected its last ATH closing high about 50 million times in the past 7 days or so. The more it's rejected, it becomes tougher and tougher resistance...don't think it's breaking 4232 without pulling back now.

I'm not sure you can use indicators like the NYSE A/D line anymore. It's looked great but it's been slow motion for the strongest indexes this year (the Dow and SPX). They recovered well from the May 12th stock rout but unlike March, it's taking way too long for them to go.

If I were to guess, they're not going to until later this month. If they were going to break out and go, I think we've passed the time where they would. They would've held that gap up on last Monday or they would've followed through on a good Friday.
 
I'm guessing today was January 25th part two months later to an extent.

- The Nasdaq opens looking great, the Dow opens struggling (although not as bad as it was on that day).
- The memes are also going crazy at the same time.
- At some point later in the morning "they" push the memes down and the market gets pushed down at the same time.
- Then this gets cleaned up.

We're now in the final stage of this.
 
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I'm fairly certain that if it looks like a duck, talks like a duck, and quacks like a duck...it's a duck.

This is the second time this has happened (you can see this in more than just this example, it's especially jarring in the Dow one, which threatened to break down just like it threatened to on January 25th before reversing). Anybody want to remind me what happened last time? Yeah, that's right, we had an "I like the stock" party a couple days later with stocks that aren't considered to be memes drilling 6 feet into the ground.

Edit: This will get even eerier if the Nasdaq can get back on its feet completely and carry the S&P to a record close this afternoon, because after that midmorning drop back in January, the S&P closed at a record.
 
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