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**OFFICIAL** Trading and Investing Thread: Part XVI -- BAG HOLDING EDITION
01-30-2023, 09:23 AM
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#2131
- RobParks2M
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Originally Posted By TugOfPeace⏩
Every 3 months tug. So late April or early May.Isn't there another earnings report in March?
My cost basis is $8.50 or so and I'm a bit optimistic it might reach that by then
My cost basis is $8.50 or so and I'm a bit optimistic it might reach that by then
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
01-30-2023, 10:04 AM
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#2132
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Originally Posted By TugOfPeace⏩
Fully covered myself too. Sold a few more Feb $6.5 for $64, some April $7.5 for between $42-54, and May $8 for $58. Feel good about where these sit. I think the play was selling all Feb $6.5 and having them expire with $5-10 value, but idk. This seems a little safer and easier to roll.Just looking at past earnings..
5/24/2021
8/12/2021
11/10/2021
3/1/2022
5/10/2022
8/2/2022
11/1/2022
Idk, seems possible to see another before April
Edit: I sold calls on my shares as well for April, a move this large will have pullback. Realized that I'd reach my cost basis if they end up ITM by expiry
5/24/2021
8/12/2021
11/10/2021
3/1/2022
5/10/2022
8/2/2022
11/1/2022
Idk, seems possible to see another before April
Edit: I sold calls on my shares as well for April, a move this large will have pullback. Realized that I'd reach my cost basis if they end up ITM by expiry
Looking to sell some $6 CSP as well just to cover my bases. We shall see.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
01-30-2023, 10:13 AM
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#2133
01-30-2023, 11:31 AM
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#2134
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Originally Posted By ujelly⏩
What is the timeframe? Just trying to get the highest gain in the class? LolMy son's buying stocks for a school project. Anything good right now that should do well?
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
01-30-2023, 11:56 AM
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#2135
- reinsdorfsucks
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Originally Posted By ujelly⏩
For fun I would do $SPXU, but I'd wait to see what happens at the end of this week.My son's buying stocks for a school project. Anything good right now that should do well?
Pureblood
01-30-2023, 02:23 PM
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#2136
- dopamine72
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It'll take a few more bad days like this to erase all my gainz from last week
How you boyos think the market will react to the fed this week?
How you boyos think the market will react to the fed this week?
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
01-30-2023, 02:39 PM
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#2137
- SipNPiz
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I think the usual will happen, folks buy a lot of options expecting big movement but nothing will happen, what I want to happen is 50pts increase and the market crashes π
STEM Wagie Brah
Oil/commodity based trader
01-30-2023, 02:47 PM
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#2138
01-30-2023, 02:50 PM
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#2139
- Destor
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Originally Posted By SipNPiz⏩
The market will hit a bottom when the rate cuts come, not the hikes. Mark my words!I think the usual will happen, folks buy a lot of options expecting big movement but nothing will happen, what I want to happen is 50pts increase and the market crashes
Either that or the total opposite happens
01-30-2023, 08:14 PM
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#2140
- RobParks2M
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Originally Posted By ujelly⏩
Personally I like more traditional bank stocks with lesser exposure to mortgage/refi and M/A activity. I like JPM as a large cap bank and Sofi is my go to small cap/growth bank choice.Till April. Yep, just the highest gains
Amazon seems like a decent choice.
Itβs hard to say with such a short timeframe lol.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
01-31-2023, 08:51 AM
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#2141
- BuckNakedinBama
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The market seems springloaded AF right now. Gonna move bigly the second half of the week.
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01-31-2023, 10:49 AM
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#2142
- dopamine72
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Why did schwab completely destroy their platform layout? It was fine before now my eyes are bleeding
Originally Posted By BuckNakedinBama⏩
I'm getting this feeling tooThe market seems springloaded AF right now. Gonna move bigly the second half of the week.
Journal: https://forum.obnoxiousbrutes.com/showthread.php?t=139898123&page=240
01-31-2023, 02:36 PM
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#2143
01-31-2023, 03:56 PM
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#2144
- MinisterOfLust
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Is it time to buy more China stocks?
01-31-2023, 05:25 PM
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#2145
- RobParks2M
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Originally Posted By SipNPiz⏩
Markets pumped today particularly towards the end. I have to imagine the meeting info got leaked somewhere and markets got bought.Over 100,000 tech layoffs this month, stay employed out there boys!
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
01-31-2023, 08:00 PM
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#2146
- imbeingcereal
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Originally Posted By SipNPiz⏩
Anyone else have a bad feeling about H2 of this year because of this? I know the argument against this is that these layoffs are small in the grand scheme of things. But from what I can tell, earnings have been mediocre, guidance has been soft to revised downward, and companies keep cutting costs/pulling back investment. Sometimes this is a death spiral where people spend less, lay off workers to save cash, these laid off folks cut back their spending, which leads to even less spending and more layoffs, etc. I just have a feeling we're going to see a pretty bad sell off again when all this lack of spending starts filtering through the economy.Over 100,000 tech layoffs this month, stay employed out there boys!
I do think the Fed will pivot, maybe in Q4 of 2023, but if that happens, it'll be because sentiment is at rock bottom. That can't be good for our investments in the interim...
01-31-2023, 08:22 PM
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#2147
- RobParks2M
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Originally Posted By imbeingcereal⏩
Joe said high unemployment is good for the economy and itβs going to be good for everyone! He wouldnβt lie right?Anyone else have a bad feeling about H2 of this year because of this? I know the argument against this is that these layoffs are small in the grand scheme of things. But from what I can tell, earnings have been mediocre, guidance has been soft to revised downward, and companies keep cutting costs/pulling back investment. Sometimes this is a death spiral where people spend less, lay off workers to save cash, these laid off folks cut back their spending, which leads to even less spending and more layoffs, etc. I just have a feeling we're going to see a pretty bad sell off again when all this lack of spending starts filtering through the economy.
I do think the Fed will pivot, maybe in Q4 of 2023, but if that happens, it'll be because sentiment is at rock bottom. That can't be good for our investments in the interim...
I do think the Fed will pivot, maybe in Q4 of 2023, but if that happens, it'll be because sentiment is at rock bottom. That can't be good for our investments in the interim...
Iβm also loling hard at the concept of paying my debts off ASAP Dave Ramsey style. Currently all the cash Iβve got is earning more in a dam Sofi savings account than Iβd save paying a <3% home, 3.5% vehicle, or 3.3-3.5%student loan (I do have 5% loans too, but they are all paused till August anyway ayy fuking lmao). Iβve got a pretty decent cash cushion just because Iβve got the money for both the student loans and the car in the bank/Ibonds.
It is a little scary that before I started the hospital overnight gig my savings rate from work income had gone down a LOT in the last year even though Iβve cut a lot of expenses out from my discretionary budget. Cost of living is a beast. I should try to calculate the change Iβve experienced from what my expenses were via what they are now.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
02-01-2023, 05:40 AM
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#2148
- 2020Wellness
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Originally Posted By SipNPiz⏩
Just lol @ having a boss as a grown man.Over 100,000 tech layoffs this month, stay employed out there boys!
trainingwithryan.substack.com
02-01-2023, 05:44 AM
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#2149
- 2020Wellness
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Originally Posted By imbeingcereal⏩
It's an excellent scenario when you're a net buyer of stocks, which I'm guessing most of us are in here.I do think the Fed will pivot, maybe in Q4 of 2023, but if that happens, it'll be because sentiment is at rock bottom. That can't be good for our investments in the interim...
trainingwithryan.substack.com
02-01-2023, 08:49 AM
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#2150
- BuckNakedinBama
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02-01-2023, 09:25 AM
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#2151
- mulletwarrior
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02-01-2023, 09:28 AM
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#2152
02-01-2023, 11:06 AM
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#2153
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Originally Posted By 2020Wellness⏩
I'm a DCAer at heart, but it's scary considering that if I were to lose my job, I can't invest when times are bad (aka when I want to get in) and I have a feeling things are going to get worse before they get better. Obviously, I can't let this fear dictate my life, but it just seems crazy to me that we're above 4K on the S&P yet everyday you see headlines of megacorps cutting jobs.It's an excellent scenario when you're a net buyer of stocks, which I'm guessing most of us are in here.
If Powell continues to be super hawkish, I think we could see some stagflation-like scenarios. Not saying it's going to be quite as bad as it was in the 70s, but I don't really see inflation in most items we care about (food, housing, energy, etc.) going down anytime soon, but unemployment could tick way higher if we keep hiking up rates.
02-01-2023, 11:50 AM
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#2154
- Destor
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The Fed I think is mostly focused on PCE, but cutting rates any time soon would almost certainly mean inflation would spike up to new highs. Inflation coming down needs to be supported by the unemployment side of things to prevent the spike, that's how it went back in The Great Inflation iirc.
They just still don't have any credibility
They just still don't have any credibility
02-01-2023, 12:39 PM
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#2155
- BuckNakedinBama
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Powell says they are "not yet sufficiently restrictive." Market ain't gonna like that, but I am!
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02-01-2023, 12:40 PM
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#2156
02-01-2023, 12:44 PM
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#2157
02-01-2023, 12:46 PM
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#2158
- BuckNakedinBama
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Really surprised at the way the market is responding to this speech. I'm losing thousands of dollars a minute. lol @ me
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02-01-2023, 12:48 PM
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#2159
- AriesTH
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Originally Posted By BuckNakedinBama⏩
The beginning of the speech was all exactly as expected, and now hes noting more positives. I bought back in right after it was right as expected.Really surprised at the way the market is responding to this speech. I'm losing thousands of dollars a minute. lol @ me
ASOT Crew
BLM Crew (Bang Local MILFs)
02-01-2023, 12:51 PM
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#2160
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Originally Posted By BuckNakedinBama⏩
Everyone was expecting "tough talk."Really surprised at the way the market is responding to this speech. I'm losing thousands of dollars a minute. lol @ me
Y/Y inflation numbers will drop bigly again this month (obviously, given that the prior y/y for jan was massive), and it will be rockets to the moon.
Fundamentals will remain disconnected from valuations.
Remember Burry was right in 2008, but it took a lot longer for things to unravel than what he was expecting.
mo e
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