OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[rexmakesbeats]

Technical analysis, price predictions and news on cryptocurrency Dogecoin for week ending 03/13/2021. Doge runs into tough resistance at 6 cents! After a false breakout, it has pulled back within the consolidation range between $0.05 and $0.06. BUT, it appears Doge has formed a cup and handle formation which is extremely bullish. I see Doge eventually breaking through that $0.06 resistance for a big move higher towards $0.08, with minor resistance along the way at $0.07. I do not see much downside from here if Doge falls, with a solid base of support at 5 cents!

Dogecoin news this week includes:

• Dallas Mavericks have done over 20,000 in Dogecoin transactions making them the largest Dogecoin merchant in the world
• NASCAR driver, Stefan Parsons, rides in DogeCar 2.0 at Las Vegas Motor Speedway
• Vlad Tenev: Robinhood Crypto wallets coming soon
• Slim Jim to launch limited edition Doge packaging
• Decentralized Exchange Launches for Dogecoin Swaps
• Leading Sports Brand, Wooter Apparel, begins accepting Dogecoin

 

[johnnyredstorm]

Portfolio Update:
$ROKU $SHOP $PINS $AAPL $SQ $TWLO $FSLY $NVDA $TDOC $DIS $U $FTCH $JMIA $SE $ONDS $NVTA $CURI $CMLF $HAAC $RTP $GHVI

I’ve cooled off heavily on TDOC and need it to start showing some life. The fact that on days cathie doesn’t buy this sits there or sells off concerns me. I need to look up the institutional numbers and see if there’s a trend of growth there.

 

[206to813]

Portfolio Update:
$ROKU $SHOP $PINS $AAPL $SQ $TWLO $FSLY $NVDA $TDOC $DIS $U $FTCH $JMIA $SE $ONDS $NVTA $CURI $CMLF $HAAC $RTP $GHVI

I’ve cooled off heavily on TDOC and need it to start showing some life. The fact that on days cathie doesn’t buy this sits there or sells off concerns me. I need to look up the institutional numbers and see if there’s a trend of growth there.

Was reading Puru’s feed, saw he dumped shop, p/s is too high (45-48x) and thinks it’s growth was heavily aided by covid (e commerce boom), will slow down

Thoughts?

 

[superantigen]

Good read:

From Crypto Art to Trading Cards, Investment Manias Abound (Published 2021)

Each market frenzy seems crazier than the last. But all have the same roots.

www.nytimes.com

...

 

[johnnyredstorm]

Was reading Puru’s feed, saw he dumped shop, p/s is too high (45-48x) and thinks it’s growth was heavily aided by covid (e commerce boom), will slow down

Thoughts?

Have you looked at the multiple snow and crwd trade at? I don’t believe in cutting great companies with elite growth and one of the best CEO’s in the world because of a multiple. Shop is one of the most important platforms for the economy and people in the world. If it comes down to it’s pre covid multiples the stock market is ****** or it just grew into its valuation. The guy is pumping ******** spacs that says it all.

edit: shop trades 25x next years sales. The guy is a ******* moron for looking at this year’s multiple.

 

[noskey]

So what's a good P/S ratio you guys look for in growth stocks? PTONs P/S ratio piqued my interest this week now that's it's down around 17ish, which is fairly low for a stock with revenue growing as fast as they are.

 

[johnnyredstorm]

30 or lower if it’s growing over 30%, preferably under 25.

 

[johnnyredstorm]

SRAC write up
Good read been debating this one but needed a better understanding. Will see where it opens this week

Analysis of Momentus Space (SRAC)

What happens when you find a blue ocean in outer Space?

septum.substack.com

 

[Otaku]

Anyone in RIOT? Thinking about opening a position.

 

[johnnyredstorm]

Anyone in RIOT? Thinking about opening a position.

Trade it don’t bag hold it. Treat it like a leveraged etf if bitcoin sells off this will waterfall.

 

[mplsdunk]

anybody trade futures? setting up a ninja trader account. its gonna take a while I'm sure...

going to start with micros.

 

[johnnyredstorm]

keep an eye on YALA $4 gap on good earnings. Arab club house with gaming. Interesting idea that I've ignored but now getting APPS vibes in terms of performance.

 

[QU!K]

Sold my AMC at $10.25 last week

At least I got in at $8

 

[igotthatstock]

I think $PENN is quite possibly the dumbest thing I have ever done in my life.

Not only did I not dump a considerable amount of money into it during the drawdown, but I also sold what I had at about $55.

 

[johnnyredstorm]

I think $PENN is quite possibly the dumbest thing I have ever done in my life.

Not only did I not dump a considerable amount of money into it during the drawdown, but I also sold what I had at about $55.

I criticized Portnoy for buying it up and didn't even realize why it was such a steal. **** happens.

Debating on taking some TDOC off for a loss to add that money elsewhere but need to run the math on what I buy if that's worthwhile.

 

[hennessy]

Alright what is going on with VIAC?! Too late to join the party here?

 

[johnnyredstorm]

Streaming pump. Pluto + Paramount + is a nice little basket. Only negative is the content on both services is ******* trash. My inclination is chase size here and let it sit back to add in any size if you believe in the fundamentals. Otherwise, trade it and have fun using 100 as a level for risk.

 

[SplinterMatic319]

SRAC write up
Good read been debating this one but needed a better understanding. Will see where it opens this week

Analysis of Momentus Space (SRAC)

What happens when you find a blue ocean in outer Space?

septum.substack.com

guaranteed ARKX addition?

 

[johnnyredstorm]

nothing in life is guaranteed

 

[JustBlaze.]

$AMC poppin'

 

[s-blaze]

$AMC poppin'

These diamond hands of mine blingin right now

 

[noskey]

nothing in life is guaranteed

Pain and suffering are pretty much guaranteed.

*looks at GME*

 

[iheartboost]

VIAC, JMIA and AMC

 

[southernhospita]

Pain and suffering are pretty much guaranteed.

*looks at GME*

One thing we can say about GME is when it falls off its people coming in to pick it up for the bounce
I guess it’s AMC time to shine

 

[johnnyredstorm]

YALA back at an interesting level. Tight stop at today's low of day could work.