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» **OFFICIAL** Trading and Investing Thread: Part XIV -- Reopening Edition
07-19-2021, 10:19 AM
#5401
Oil to $66, hope y'all didnt buy the dip this morning lol.
I try my best to save y'all but you no listen.
Abzu the Profit.
I try my best to save y'all but you no listen.
Abzu the Profit.
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
07-19-2021, 10:26 AM
#5402
Originally Posted By Destor⏩
I wouldn’t waste your time trying to post anything actually based in reality here. It’s clear that is a lost cause on a good part of this group.
Vaccines are very effective in preventing serious illness in the variants afaik, the big immediate risk right now is lack of vaccination and the longer-term risk would be truly resistant variants evolving and spreading with the virus still bringing in big numbers around the world.
The UK is already back hitting almost daily new case highs but I think were still planning on reopening today, hospitalizations are significantly lower this time around and serious illness + health care system burden are what we need to be concerned about.
Less developed, heavily populated areas of the world with low vaccine access are facing a worse outlook and I think that's where a good chunk of economic worries are coming from
The UK is already back hitting almost daily new case highs but I think were still planning on reopening today, hospitalizations are significantly lower this time around and serious illness + health care system burden are what we need to be concerned about.
Less developed, heavily populated areas of the world with low vaccine access are facing a worse outlook and I think that's where a good chunk of economic worries are coming from
07-19-2021, 10:56 AM
#5403
Holy liquidations
Margin calls for many today.
Yeah, there's quite a few negatives going on for oil right now to say the least. I took a $15 loss on CLR last Friday because didn't want to stay in for the ride this week lol.
Think it could get down to 62-63 this week?
See you tomorrow brah. Please stay safe
Margin calls for many today.
Originally Posted By Abzu⏩
Oil to $66, hope y'all didnt buy the dip this morning lol.
I try my best to save y'all but you no listen.
Abzu the Profit.
I try my best to save y'all but you no listen.
Abzu the Profit.
Yeah, there's quite a few negatives going on for oil right now to say the least. I took a $15 loss on CLR last Friday because didn't want to stay in for the ride this week lol.
Think it could get down to 62-63 this week?
Originally Posted By MinisterOfLust⏩
This is it. Done. No way I recover from this.
See you tomorrow brah. Please stay safe
07-19-2021, 11:07 AM
#5404
PLTR showing its strength
He/Him/Bro
Let's go Brandon!!
Spectrum crew
Pureblood crew
PLTR moon crew
07-19-2021, 11:14 AM
#5405
Got in and out of WISH calls and swang some PLTR today for a small gain.
Fixed
May do puts on it though now
Originally Posted By Elias373⏩
NVDA showing its strength
Fixed
May do puts on it though now
07-19-2021, 11:41 AM
#5406
TDOC popping off, lets go brahs
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07-19-2021, 11:49 AM
#5407
I'm BIG green today. Why is nasdaq down so much? My only red rn is SQ
Spoiler alert; you die at the end.
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07-19-2021, 11:56 AM
#5408
Originally Posted By lntense⏩
I'm not confident enough to say for sure but $64 is a strong possibility.
Holy liquidations
Yeah, there's quite a few negatives going on for oil right now to say the least. I took a $15 loss on CLR last Friday because didn't want to stay in for the ride this week lol.
Think it could get down to 62-63 this week?
Yeah, there's quite a few negatives going on for oil right now to say the least. I took a $15 loss on CLR last Friday because didn't want to stay in for the ride this week lol.
Think it could get down to 62-63 this week?
I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
07-19-2021, 12:04 PM
#5409
Originally Posted By HMFIC_BROWSIN⏩
What a lucky man.
I'm BIG green today. Why is nasdaq down so much? My only red rn is SQ
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07-19-2021, 12:07 PM
#5410
Looks like spy is going below 400 if 420 cant hold. I mean this could be a nice dip buy but who knows.
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07-19-2021, 12:13 PM
#5411
Originally Posted By MinisterOfLust⏩
Apps, nvda, etsy, dkng, snap, pltr, upst - all green af.
What a lucky man.
Spoiler alert; you die at the end.
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07-19-2021, 12:23 PM
#5412
Originally Posted By Abzu⏩
I'm not confident enough to say for sure but $64 is a strong possibility.
I was thinking August before $62-63. Think you're right about 64 being a likely possibility.
Market makes me want to throw some cash into BB soon in the $8-9.60 range for a swing trade. Total gamble for the most part, but looks like it may consolidate and run up soon.
07-19-2021, 12:43 PM
#5413
Originally Posted By MinisterOfLust⏩
Thanks Biden
This is it. Done. No way I recover from this.
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07-19-2021, 12:44 PM
#5414
damn i went from being up 14% since June to only 5%
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07-19-2021, 12:53 PM
#5415
Originally Posted By roughinhouse⏩
Making more money off spy puts this month than anything else.
Looks like spy is going below 400 if 420 cant hold. I mean this could be a nice dip buy but who knows.
DCA'ing FXS since Sept2022
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Bucks N 6
07-19-2021, 12:58 PM
#5416
What do you guys trade to short VIX?
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07-19-2021, 01:00 PM
#5417
Meh. $62 or maybe $64 will probably hold for oil. Even if it drops lower oh well. Unless they push oil back under $50 the companies I’ve got will be fine. I’m sure every single oil company getting ready to cut back exploration/new production costs back to 0. Again that’s fine. Capitalist companies can react to price swings much more efficiently than Middle East governments can.
Consider too that we just pulled out from Afghanistan and are continuing to remove ourselves from the Middle East situation. How long until wells and pipelines in Iraq and other chitholes start getting knocked offline? Saudis are probably freaking out as they realize how tough it’s going to be to secure its borders to protect its oil assets.
Consider too that we just pulled out from Afghanistan and are continuing to remove ourselves from the Middle East situation. How long until wells and pipelines in Iraq and other chitholes start getting knocked offline? Saudis are probably freaking out as they realize how tough it’s going to be to secure its borders to protect its oil assets.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
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07-19-2021, 01:18 PM
#5418
Originally Posted By HMFIC_BROWSIN⏩
Yeah I’m green too
I'm BIG green today. Why is nasdaq down so much? My only red rn is SQ
See title.
Always Neg Back Crew.
07-19-2021, 01:21 PM
#5419
You better NOT be paper hand PANICing boyos this IS why any expiration under a MONTH is confirmed LOW iq.
- Keep the misc great again
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The world is YOURS boyos.
07-19-2021, 02:26 PM
#5420
Originally Posted By BulkingIsHard⏩
What do you guys trade to short VIX?
VXX, XVZ, SVXY
Puts on Webull
07-19-2021, 03:58 PM
#5421
Originally Posted By RobParks2M⏩
That's a good point that never occurred to me.
Meh. $62 or maybe $64 will probably hold for oil. Even if it drops lower oh well. Unless they push oil back under $50 the companies I’ve got will be fine. I’m sure every single oil company getting ready to cut back exploration/new production costs back to 0. Again that’s fine. Capitalist companies can react to price swings much more efficiently than Middle East governments can.
Consider too that we just pulled out from Afghanistan and are continuing to remove ourselves from the Middle East situation. How long until wells and pipelines in Iraq and other chitholes start getting knocked offline? Saudis are probably freaking out as they realize how tough it’s going to be to secure its borders to protect its oil assets.
Consider too that we just pulled out from Afghanistan and are continuing to remove ourselves from the Middle East situation. How long until wells and pipelines in Iraq and other chitholes start getting knocked offline? Saudis are probably freaking out as they realize how tough it’s going to be to secure its borders to protect its oil assets.
If the US keeps reducing its policing in the middle east it will only get more volatile until Saudi's or someone else steps up.
Anything $60+ the Canadian boyos are cash flow machines, I'm sure the big guys in US are as well.
Power Engineer Crew
Tradie Life
07-19-2021, 04:16 PM
#5422
There’s strong incentive for them to keep prices reasonably high right now too, a lot of the big producing countries in that part of the world require high $/bbl to support their societies.
Wasn’t too long ago the CEO of Shell was at the Qatar forum saying to expect both $50 and $100/bbl in the near future but to not ask him about the order. Strap in for that volatility!
Wasn’t too long ago the CEO of Shell was at the Qatar forum saying to expect both $50 and $100/bbl in the near future but to not ask him about the order. Strap in for that volatility!
07-19-2021, 04:20 PM
#5423
anyone else low key excited for the potential delta covid market correction to buy the dip?
edit: actually seems like this has pretty much already happened, this may be a good buying point
edit: actually seems like this has pretty much already happened, this may be a good buying point
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07-19-2021, 04:30 PM
#5424
Destor , make any plays today? I’m still hodling
STEM Wagie Brah
07-19-2021, 05:03 PM
#5425
Bezos going to space tomorrow. Wonder if he'll see Bitcoin.
Spoiler alert; you die at the end.
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07-19-2021, 05:07 PM
#5426
Originally Posted By Destor⏩
It means tech goes brrrrrr.
10 year yield down to 1.19%
I don’t know what that means but it seems significant
I don’t know what that means but it seems significant
Tech companies valuation is based heavily on future growth.
If they can keep borrowing at discounted rate they have potential to grow at faster rate with lower debt payments.
CNBC and every media blamed it on delta variant market sell off today, its just standard excuse that they copy and paste.
Reality market said phuck value stocks.
ZB caught bid today.
And in case you need proof.
Simply look at arkk charts where dip was bought. went red to green.
shop, net, roku, pton green…even apple , amzn , fb almost came up positive by end of day.
market has seasonality.
retail has zero power in this market. (even on meme stocks)
institutions own this market and can move and sell headlines at will.
also one more thing the draw down today is nothing. nothing even breached 50MA buyers came end of day.
the real sell off that could happen is when fed changes tune either end of August or early September.
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07-19-2021, 05:40 PM
#5427
Originally Posted By SipNPiz⏩
Nah man, tempting af but I’m stockpiling cash for something else right now. It’s taking a lot of discipline to not throw it at stonks
Destor , make any plays today? I’m still hodling
Mostly just patiently awaiting Q2 reports
07-19-2021, 06:37 PM
#5428
Originally Posted By Muscle2021⏩
Does anyone actually care about this delta thing?
anyone else low key excited for the potential delta covid market correction to buy the dip?
edit: actually seems like this has pretty much already happened, this may be a good buying point
edit: actually seems like this has pretty much already happened, this may be a good buying point
I feel like momentum has just weakened near the top of this knoll and traders are profit taking. We're not going to have another panic lockdown. We might get some more gay restrictions on freedom but I highly doubt it's going to be "round 2, everyone go back inside unless you're a grocery store worker".
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07-19-2021, 06:52 PM
#5429
Originally Posted By BulkingIsHard⏩
England just announced they're going full open despite 'delta' surge, Ontario is now almost full open and 90% of our cases are 'delta' and the US is full steam ahead. Seems like the media is trying their damndest to make 'delta' the fear d'jour but nobody is taking the bait.
Does anyone actually care about this delta thing?
I feel like momentum has just weakened near the top of this knoll and traders are profit taking. We're not going to have another panic lockdown. We might get some more gay restrictions on freedom but I highly doubt it's going to be "round 2, everyone go back inside unless you're a grocery store worker".
I feel like momentum has just weakened near the top of this knoll and traders are profit taking. We're not going to have another panic lockdown. We might get some more gay restrictions on freedom but I highly doubt it's going to be "round 2, everyone go back inside unless you're a grocery store worker".
07-19-2021, 07:16 PM
#5430
Originally Posted By Heaney⏩
Yea honestly it just seems like big pharma trying to capitalize. COVID services in healthcare are really lulling lately and even expiring
England just announced they're going full open despite 'delta' surge, Ontario is now almost full open and 90% of our cases are 'delta' and the US is full steam ahead. Seems like the media is trying their damndest to make 'delta' the fear d'jour but nobody is taking the bait.
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