Man, I got the inbound on that from a Memphis based packaging analytics guy - to say my intel was questionable would be quite the understatement. I think my PM to Gallant Knight was something along the lines of "is this plausible"
I get it - but I don't want to be the asshole that gives people advice that could potentially negatively affect their money. I'd rather be the asshole that throws out random stories about celebrities and politicians. My cross to bear
Next time just start the post "With all due respect," It lets you basically say anything you want, free of repercussions.
There's people in here Yoloing money on oil when it's fluctuating 50% weekly. Your conscious is clean
I do it because I know nobody is going to listen to someone whose been investing for 6 months. It's unfortunate though, I'm fucking killing it. My luck has to run out at some point.
And yeah you'll blow up if you're trading options like a lot of us. We all have got our asses kicked over the last two months
*continues to invest the same amount in a broad balanced set of funds every week but habitually still read the thread*
My prediction for tomorrow 4m or less unemployed and the talking heads on CNBC etc are like omg unemployment down!!! they focus on that number instead of 25-30 million losing their job in six weeks and market pops
The fomo in tech will be back tomorrow in full force. Google, FB, TSLA all ripping this week after earnings. Amazon reports tomorrow
I’m taking a new job in ~2 weeks that won’t have the draconian trading restrictions I’m currently under. Casino’s open boys.
That shit is over my head. My two recent buys this past week (besides the big companies everyone buys) was ADS at $35.70 (currently at $54.94) and SPR at $19.17 (currently at $23.60). I didn't expect ADS to pop that much that fast, I have 3x as much SPR but I hold out hope it'll take off. If it doesn't I'll just keep buying it when it dips under $20.
Options gurus: is it pretty much always a bad idea to buy far out of the money options? I mean that’s a losing strategy more often than not, right? Is there ever a good way to do that outside protecting other positions?
WTIC creeping up to 16.91. top end of the fractal range I had is 17.31 Who's in on some SCO tomorrow?
There are three main drivers of options pricing: implied volatility of the underlying asset, time to expiration, and underlying asset price. Buying options that are deep into OTM range can give you huge leverage if/when you suspect that volatility is underpriced in the market. Just today in this thread, GK bought OTM calls for TSLA and will probably see 3-4x ROI.
Amazon is apparently about to make another big acquisition. Are they just throwing money in the air at this point?
You left out what company it is again. How are we supposed to lose money speculating when you do that?
The markets rallied again yesterday breaking out of the sideways triangle pattern that has been developing for the past two weeks. The Dow finished with a gain of 532 points, closing at 24,634. The NASDAQ and SPX were up 307 and 76 points, respectively. Volume on the NYSE was heavy, coming in at 122 percent of its 10-day moving average. There were 24 new highs and 4 new lows. The Commerce Department reported yesterday that U.S economy shrank 4.8 percent in Q1 of 2020, the steepest drop since 2008. Personal consumption dropped 7.6 percent, the worst since 1980. Unemployment increased to 26 million as most small business closed their doors. Small businesses are the heart and soul of the American economy. With so many closed, the U.S GDP will likely fall by as much as 30-35 percent when the numbers for Q2 are released. With the Dow moving above the 17 April high of 24,264, it’s likely that final wave C of Major Wave B up is no underway. Wave C up will likely be a five wave sequence that will carry the Dow to or slightly above the 25,000 level before it completes. Once this wave terminates, the Dow should fall to new lows. I expect Wave C down to be another crash wave like Major Wave A down, with the Dow trading under the 17,000 level, possibly lower. Yesterday’s rally strong across the board with several of the typically ‘Bullish’ sectors leading the way higher. At this point, from a technical perspective, the patterns on the Dow, NASDAQ and SPX satisfy the requirements of a five wave rally sequence, so the next wave down could start at any time. However, given the impulsive look of the rally for the past four days, I must think that the current rally has a bit more to go. As I mentioned a few days ago, the pattern on the NASDAQ appears to need a small rally to about the 9,050-9,150 level before it completes. Yesterday the NASDAQ closed at 8,9145. A break below the 21 April low of 8,360 would tend to confirm the retracement rally is complete. The Market Timing Indicators for the Major Indexes remain Positive. The Dean’s List and The Tide also remain Positive. With positive indicators on the cockpit, and a wave pattern that appears to be wave 5 up after a wave 4 sideways triangle, it’s likely the markets are in the final wave of their Major Wave B up retracement rally. This is still not the time to be aggressive on the short side. The Sector Ration strengthened to 14-10 Positive after yesterday’s session. The Strongest Sectors were Material (includes gold), PharmaBio, Service, Semiconductors, and Household Products. The Weakest Sectors were Media, Autos, Insurance, Banks, and Financials. Gold and the miners pulled back slightly again yesterday, but my VTI indicator on GLD remains in the Trend Mode. I used the pullback to buy a major position in GOLD for my personal account. As I mentioned yesterday, with GOLD in the Trend Mode and the 2-period RSI showing oversold conditions, it was the time for a Rifle Trade. I simply used my new Scalp Trading indicators to enter the trade. The shares were purchased as a Position Trade, so I will hold the shares as long as the timing indicators remain in the trend mode. My target for gold (the metal) remains at 1,900 per oz. I’m assuming that gold is now in wave 3 of Wave 5 up. Crude Oil rose 2.72. My market timing indicators on crude remain negative. There were NO CHANGES to the Model after yesterday’s session. The Model continues to hold 750 shares of DXD, 800 shares of TWM, 1,600 shares of QID, 40 shares of UCO, 600 shares of TBT, and 500 shares of GOLD with a cash balance of $17,067.
on a serious note, This UAVS, does anyone have a real idea how far this can run if they announce a sale or partnership with AMZN at 11? I wound up buying a few thousand shares yesterday, picked more up on the drop at the end of the day. Don't really want to put more money in but..........
From a % standpoint this is the single best I have ever done on a stock. Think I am just going to let it run through the conf call
That conference call scares me. I think i am going to put some stops in to protect at least a 50% gain. that way if it is a dud I am safe. If they announce a partnership i can catch all the raining dollar bills.