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You are speaking gospel. Every time i think im buying the dip..........the next day its a harder dip.
OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER
- Thread in 'General' Thread starter Started by johnnyredstorm,
- Start date
You are speaking gospel. Every time i think im buying the dip..........the next day its a harder dip.
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@everyone Same song. Covid cases are rising, seeing record numbers. Although some believe it is all under control, if you look at what's currently happening around the world, you will understand how small we know about how to deal with it. We are facing this issue after Billions were put to save the market. Now it's reacting to the truth. Remember that historically, the 2nd wave creates a bigger impact than the first one.
Speaking of historical events, October 28 is known to be the best trading day for the year where buyers come back after the long summer months. However fear is ruling the market now. We should be focusing on earnings and market growth. A lock down is a possibility and people are not liking it.
Stimulus package anyone? Before the election? Who knows.
Buying the dip here can be risky.
One thing I'm watching is FB and TWTR as both are seeing a dump that should not really affect them.
Stay calm. Market will be there again tomorrow. Have a plan.
Speaking of historical events, October 28 is known to be the best trading day for the year where buyers come back after the long summer months. However fear is ruling the market now. We should be focusing on earnings and market growth. A lock down is a possibility and people are not liking it.
Stimulus package anyone? Before the election? Who knows.
Buying the dip here can be risky.
One thing I'm watching is FB and TWTR as both are seeing a dump that should not really affect them.
Stay calm. Market will be there again tomorrow. Have a plan.
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- Nov 17, 2013
First hour looking brutal so far....sheesh!
Have to be cautious of catching falling knives today. These dips look tempting.
Have to be cautious of catching falling knives today. These dips look tempting.
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- Oct 8, 2003
Any examples?
- 37,757
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Way too many example of this.
I played Microsoft last earnings. The run up 2 weeks prior to earnings was about 20 bucks and after earnings there was a subtle decline even though earnings were fine.
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- Dec 23, 2009
I closed a weekly SQQQ $24 call yesterday. It ****ing smashed up 9% so far today and broke over the $24 strike just now 
I hate this market.
It wasn't a lot of money for the one contract, but the underlying action of this week is infuriating. I'm sitting this out. If any of my watchlist drop I'll consider adding or opening a smallllll position.
I hate this market.It wasn't a lot of money for the one contract, but the underlying action of this week is infuriating. I'm sitting this out. If any of my watchlist drop I'll consider adding or opening a smallllll position.
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If you want to be a buyer today, which you should be honestly, it needs to be really small. Use 5% of your cash, leave room to add on follow through days where the trend is defined.
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Oh yeah, but CHWY 
Happy I added to that yesterday.
Happy I added to that yesterday.- 4,284
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I always try to end my day in all cash but damn I wish I keto my $338 puts on SPY even if I sold at open
And then seeing the put play and not acting on it while in the gym
like Marcus what are you doing this is why you are here
And then seeing the put play and not acting on it while in the gym
like Marcus what are you doing this is why you are here
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New here, but I've been following the thread and appreciate the info shared across the board.
2020 has seen a boat load of SPACS, I know IPOC was mentioned in here some pages back. Granted I'm not as versed nor seasoned as some of you. I like this IPOC/ Clover Health merger. Any further thoughts from anyone here?
The filing shows that in the first half of this year, Clover pulled in $338 million in revenue, virtually all from premiums, and posted a net loss of $23 million. In the same period a year ago, meanwhile, Clover had lower revenue of $231 million and a higher net loss of $233 million (of which $131 million stemmed from what it described as a loss on a derivative, rather than a core expense of running its business.)
news.crunchbase.com
2020 has seen a boat load of SPACS, I know IPOC was mentioned in here some pages back. Granted I'm not as versed nor seasoned as some of you. I like this IPOC/ Clover Health merger. Any further thoughts from anyone here?
The filing shows that in the first half of this year, Clover pulled in $338 million in revenue, virtually all from premiums, and posted a net loss of $23 million. In the same period a year ago, meanwhile, Clover had lower revenue of $231 million and a higher net loss of $233 million (of which $131 million stemmed from what it described as a loss on a derivative, rather than a core expense of running its business.)
Clover Health Filing Shows Rising Revenues In Advance Of Public Debut
Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.
news.crunchbase.com
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Clover's investor's presentation looked like it was made by Tom Haverford
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I'm looking at my portfolio and all I can do is flail my arms and say "Jesus take the wheel".
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Jesus driving us straight down the hillI'm looking at my portfolio and all I can do is flail my arms and say "Jesus take the wheel".
Save us, J Pow.
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**** Mitch McConnell for letting this happen
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Streets is bloody red this was a rough week
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Ooof, whole lot of red. Part of me bummed as this hinders my reallocation a bit and another part of me trying to hold back from buying too much more since volatility may bring better/more buying opportunities. Guess I’ll just DCA a small position and call it a day.
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That funny face ****
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Anyone cashing out their positions before Election Day? Kinda nervous. Down 3k right now
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No, but Im not a day trader or swing trader. COVID worry heading into winter + the election ****show are certainly bearish
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Looking at short term VIXY options and the spread is WILD. Calls for Nov 6 expiration, with strike price of 24.5 are cheaper than 25. The market is broken
Anyone playing the VIX over the next week? I wouldnt hold through the end of the 3rd, but this next week looks like nothing but pain.
Anyone playing the VIX over the next week? I wouldnt hold through the end of the 3rd, but this next week looks like nothing but pain.
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Also, dont discount the upside for the COVID stocks. Today's bloody, and I agree with
johnnyredstorm
about SMALL positions if you buy today, but this might be an oppo for some COVID stocks. I've got an order in for 10 shares of NLS, as a cheaper and more available alternative to PTON for consumers. Becky isnt the only demographic that's missing the gym and going into winter with spiking COVID cases seems like a perfect time for NLS to push their product.
They have seen wild growth since their last earnings in August, but they have room to run, especially if they guide towards more records in their next earnings (Nov 9th).
If you missed the PTON run, NLS is a good alternative imo. START SMALL.
johnnyredstorm
about SMALL positions if you buy today, but this might be an oppo for some COVID stocks. I've got an order in for 10 shares of NLS, as a cheaper and more available alternative to PTON for consumers. Becky isnt the only demographic that's missing the gym and going into winter with spiking COVID cases seems like a perfect time for NLS to push their product. They have seen wild growth since their last earnings in August, but they have room to run, especially if they guide towards more records in their next earnings (Nov 9th).
If you missed the PTON run, NLS is a good alternative imo. START SMALL.
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Killed it!
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Damn popped 15%+ that's what I'm talking bout!
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