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Forum » **OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
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Thread: **OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION

post 1704488211 08-02-2024, 10:00 AM
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#6421
  1. GreatReset1
  2. Biden's America 🤡
  1. GreatReset1
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Biden's Great Recession is here!!!

Some of you voted for this. Some of you deserve this.

This is all downhill from here. Biden's America 🤡
post 1704488751 08-02-2024, 10:12 AM
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#6422
  1. RobParks2M
  2. mad hatter
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Originally Posted By SipNPiz⏩
Idk guys remember with caravana when all the bad news is priced in the stock can only go up, maybe similar thing with intel, they are currently trading below book value.
Truuuu. I wish IV wasn’t so high. Long dated calls might print.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1704490101 08-02-2024, 10:37 AM
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#6423
  1. _zman
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Originally Posted By BuckNakedinBama⏩
I have a heavy position in SQQQ, it is a triple-leveraged ETF betting the Nasdaq will fall. Be very careful with it tho as over time it will be going to 0, so you have to be willing and able to bet on timing the market drops or you'll get wiped out. I started getting into it around 10.75 early in May (can't remember exactly the level/when) and it dropped as low as 7.17, definitely had be clinching my butt a bit, but I just kept buying it as it dropped, so my CWA now is 8 and change, and it currently sits at 9.80.

While I do see the Nasdaq dropping below 15,000, staying in SQQQ becomes too risky at some point as a snapback rally could really wipe me out with no hope of recovering my losses, so I'll trim some position in it taking some profit and deploy money to a safer short-position asset.

All I hold right now is SQQQ, NKE, and XOM, with about 40% in cash plus whatever my 401k is doing.

I'd like to see the Russell2000 pull back to 2000 at which point I'll enter long there.
My finance bro at work invests in that ETF for shorts. Index bros say to never do it. So I won't, let alone a 3x leveraged one.
Originally Posted By stockbruh⏩
What is vix? Is that a recession stock?
It's a volatility indicator.
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post 1704491171 08-02-2024, 11:03 AM
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#6424
  1. Abzu
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If anyone wants to join us one this beatdown lol AAPL has its chin in the air



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."
post 1704491271 08-02-2024, 11:05 AM
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#6425
  1. Abzu
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Originally Posted By GreatReset1⏩
Biden's Great Recession is here!!!

Some of you voted for this. Some of you deserve this.

This is all downhill from here. Biden's America
Don't get too ahead of yourself.
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."
post 1704491361 08-02-2024, 11:06 AM
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#6426
  1. Abzu
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BROS, HIMS, MAN there better not be a stock called DUDES cause I'm fukin' these boys up lol
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."
post 1704493611 08-02-2024, 11:59 AM
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#6427
  1. RobParks2M
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Not sure why but this is pretty funny to me. I’m not being spared either being down like 25-30 racks from the high I had a couple weeks back but LOL how long till they lock up all the doors and windows on Wall Street? Lmao
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1704497191 08-02-2024, 01:10 PM
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#6428
  1. Destor
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This still isn’t even in correction territory (10% drawdown from a recent high) for the S&P, could be considered a correction in the NASDAQ but tough considering how high stocks had flown recently

S&P was down 30% in a month when COVID hit
post 1704500871 08-02-2024, 02:29 PM
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#6429
  1. DavidL913
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scooped up some INTEL...

thoughts
***Los Angeles MISC Crew***

***Misc Crypto Crew***
post 1704500991 08-02-2024, 02:32 PM
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#6430
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Originally Posted By DavidL913⏩
scooped up some INTEL...

thoughts
You will probably do well if you can wait a year or 2.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1704501441 08-02-2024, 02:38 PM
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#6431
  1. DavidL913
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Originally Posted By RobParks2M⏩
You will probably do well if you can wait a year or 2.
yup just holding it
***Los Angeles MISC Crew***

***Misc Crypto Crew***
post 1704501541 08-02-2024, 02:41 PM
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#6432
  1. Destor
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You always want to buy low when fear is high but still recommended to know a lot about the industry/company you’re buying

Now might not be a bad time to start nibbling but history suggests there could be more pain to come. Interest rates seem to be biting now almost 2.5 years after the Fed first started hiking. Interest rate changes act with long and variable lags, so even when the Fed starts cutting it could be another 2 years before the economy feels it and that stretch of time would historically present the best buying opportunities.
post 1704504091 08-02-2024, 03:28 PM
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#6433
  1. RobParks2M
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Originally Posted By Destor⏩
You always want to buy low when fear is high but still recommended to know a lot about the industry/company you’re buying

Now might not be a bad time to start nibbling but history suggests there could be more pain to come. Interest rates seem to be biting now almost 2.5 years after the Fed first started hiking. Interest rate changes act with long and variable lags, so even when the Fed starts cutting it could be another 2 years before the economy feels it and that stretch of time would historically present the best buying opportunities.
Starter positions are great for a dead cat bounce. Or who knows perhaps things go back up.

But housing about to crack even rentals there are more available now than any time in the last 10 years here. They gonna start dropping prices and once you get deflation on the books for housing it’ll all start coming apart in a hurry. Not a huge deal for stocks, but job losses will be. Economic activity has peaked and will likely decelerate for some time primarily thanks to housing remaining flat or dropping. Next comes construction spending. If I had to guess new start applications will see a dramatic move in the next few months.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1704504721 08-02-2024, 03:41 PM
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#6434
  1. SipNPiz
  2. 2 B Tan is 2 B Glorious!
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Intel layoffs directly impact the state I live in, they are the largest corporate employer here and highest paying employer… housing market going to get rekt when the slips start getting handed out in November.
STEM Wagie Brah
Oil/commodity based trader
post 1704507851 08-02-2024, 04:48 PM
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#6435
  1. TugOfPeace
  2. 1012 ng/dl
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Originally Posted By GreatReset1⏩
Biden's Great Recession is here!!!

Some of you voted for this. Some of you deserve this.

This is all downhill from here. Biden's America
lulz. spy down 6% from all time highs
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
post 1704512431 08-02-2024, 06:24 PM
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#6436
  1. RobParks2M
  2. mad hatter
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Originally Posted By TugOfPeace⏩
lulz. spy down 6% from all time highs
I mean if all you have is $1 does it matter if you have $0.94 or $1.04 when the market closes? Poors dont understand these things it doesn’t impact their food stamps. Which is why you simply don’t pay them attention.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1704512991 08-02-2024, 06:34 PM
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#6437
  1. stockbruh
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Tom Lee litteraly blocking people on twitter, the bull run is over
post 1704514021 08-02-2024, 06:54 PM
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#6438
  1. kusok
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Originally Posted By stockbruh⏩
Tom Lee litteraly blocking people on twitter, the bull run is over
You must be new here/gif.
post 1704517411 08-02-2024, 08:02 PM
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#6439
  1. RobParks2M
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Originally Posted By stockbruh⏩
Tom Lee litteraly blocking people on twitter, the bull run is over
Turns out he’s no genius huh lol
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
post 1704523981 08-02-2024, 11:47 PM
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#6440
  1. Elias373
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Originally Posted By DavidL913⏩
scooped up some INTEL...

thoughts
Garbage company
post 1704524011 08-02-2024, 11:47 PM
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#6441
  1. kusok
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Originally Posted By RobParks2M⏩
Turns out he’s no genius huh lol
Hold on. We are canceling corrections now? Markets don’t go up and down anymore? Only up in a straight line? It’s not possible to have a correction or several corrections as in any other year and still make strong moves up by years end?

In fact in one interview he said possible correction(s) are normal and obviously possible but generally up longer term.

Why can’t there be both?
post 1704530241 08-03-2024, 06:11 AM
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#6442
  1. GeneralSerpant
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Originally Posted By SipNPiz⏩
Intel layoffs directly impact the state I live in, they are the largest corporate employer here and highest paying employer… housing market going to get rekt when the slips start getting handed out in November.
For 15,000 employees? Did they say it's concentrated in one area?
post 1704530561 08-03-2024, 06:22 AM
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#6443
  1. MinisterOfLust
  2. 👽👽👽👽👽👽
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Originally Posted By GreatReset1⏩
Biden's Great Recession is here!!!

Some of you voted for this. Some of you deserve this.

This is all downhill from here. Biden's America 🤡
Stop crying dude.

Stocks only go up, right?
post 1704535141 08-03-2024, 08:42 AM
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#6444
  1. SipNPiz
  2. 2 B Tan is 2 B Glorious!
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Originally Posted By GeneralSerpant⏩
For 15,000 employees? Did they say it's concentrated in one area?
I did the math and proportionally it’s be 3,000 impacted here if the 15% layoff number was applied to their workforce in the area, there are no large competitors in the area so I figured they’d have to move away

Over the years I’ve had several “ex Intel employee” Uber drivers lol
STEM Wagie Brah
Oil/commodity based trader
post 1704544141 08-03-2024, 12:49 PM
-
#6445
  1. _zman
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Originally Posted By BuckNakedinBama⏩
I have a heavy position in SQQQ, it is a triple-leveraged ETF betting the Nasdaq will fall. Be very careful with it tho as over time it will be going to 0, so you have to be willing and able to bet on timing the market drops or you'll get wiped out. I started getting into it around 10.75 early in May (can't remember exactly the level/when) and it dropped as low as 7.17, definitely had be clinching my butt a bit, but I just kept buying it as it dropped, so my CWA now is 8 and change, and it currently sits at 9.80.

While I do see the Nasdaq dropping below 15,000, staying in SQQQ becomes too risky at some point as a snapback rally could really wipe me out with no hope of recovering my losses, so I'll trim some position in it taking some profit and deploy money to a safer short-position asset.

All I hold right now is SQQQ, NKE, and XOM, with about 40% in cash plus whatever my 401k is doing.

I'd like to see the Russell2000 pull back to 2000 at which point I'll enter long there.
Originally Posted By SipNPiz⏩
I did the math and proportionally it’s be 3,000 impacted here if the 15% layoff number was applied to their workforce in the area, there are no large competitors in the area so I figured they’d have to move away

Over the years I’ve had several “ex Intel employee” Uber drivers lol
That's the problem with companies getting too big in a smaller area. Local economies can get wrecked. Similar thing happened here, but there were enough jobs to go around cuz the economy was so strong here.
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post 1704561561 08-03-2024, 07:42 PM
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#6446
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Originally Posted By DavidL913⏩
scooped up some INTEL...

thoughts
You bought a company that didn’t go up a single dollar in 30 years?

Why would you buy this?
post 1704579361 08-04-2024, 08:05 AM
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#6447
  1. Destor
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Intel was a big company in the 90s, like top 10 for profitability looking at the Fortune 500 from that year

https://money.cnn.com/magazines/fort...ive/full/1997/

It’s not like it was flat this whole time though, the mistake would have been not selling anything in 2000 when it ripped hard. There will be opportunities to sell in the future too.

Wouldn’t have done well if you bought any number of the top companies in 1997 and just held, lots of these companies on the 1997 Fortune 500 are flat or down since then. Walmart is up 1000%, but that’s still not crazy performance for 30 years of holding. The biggest most valuable companies today aren’t even on this list.

Makes you wonder who will be the biggest and most valuable 30 years from now, will it still be Apple / Microsoft / NVIDIA / Amazon / Google / Meta? Seems unlikely.
post 1704579451 08-04-2024, 08:09 AM
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#6448
  1. GeneralSerpant
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Originally Posted By Destor⏩
Makes you wonder who will be the biggest and most valuable 30 years from now, will it still be Apple / Microsoft / NVIDIA / Amazon / Google / Meta? Seems unlikely.
I'm betting on ATT once they beat the anti trust case.
post 1704591161 08-04-2024, 01:33 PM
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#6449
  1. kusok
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Big boys hunting the bitcoin leveraged retards Izreili something, they literally go to a dollar to get all the retards liquidated, then go after the shorts, and then go after the longs, then go after the shorts again, it’s incredible.

And sometimes they actually go after both of them in a very short period of time with the darth maul candle.
post 1704594191 08-04-2024, 02:38 PM
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#6450
  1. BBAckman
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So what are we looking at for tomorrow boys, i'm thinking DELL under 100 could be fun.
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