I thought I understood the stock market pretty well, but after today it’s pretty clear my knowledge is quite baseline
Its still ~24% fee to stay short, so its not really a long term tenable position. They're banking on stop loss and people panic selling.
I'm also getting concerned with the overall market. Dollar looks like it's doing a counter trend bounce, put in its first higher low in weeks. 10 yr yield is down a lot. VXN kissing 31. Big options flows coming in short on nasdaq with Friday expirations. Time to hedge.
Weekly = contract expires at the end of the current week 115 = $115 strike price(the price you want the stock to move toward) $300 = they would have cost you $950 each to purchase and you could now sell them for $1250 each 5min candle = the "candles" on a stock's chart that measure its movement in a given timeframe, in this case the last 5 minutes
Traditionally Options always expired on the 3rd friday of a month. However, due to demand they started offering Weeklys which are non 3rd week of the month expirations
I have IEMG and IJR (iShares version of VBR) in my portfolio for diversification. I just wanted a bit more emerging markets and small cap than total international and total stock had.
This article on GameStop (GME) is nuts: https://www.bloomberg.com/news/arti...leaves-wall-street-price-analysis-in-shambles Just realized this thread was part of it. Bravo
I swear everyone can see my average cost on amc and bb. They are both just hovering around it getting me a net $0
Can expand a bit. There's been high inverse correlation between dollar price and equities movements. That correlation has broken down though, over the shorter 15-30 day timeframes. The equity movements have been largely driven by real rates rising - it's a bet on growth and inflation increasingly accelerating. This is why I'm referencing the 10 yr bond yield, it's a component of that equation. The TA signals don't look great right now one way or the other, but volatility can exponentially skyrocket when it moves to different levels. Those have been 31 for the VXN (QQQ vol) and 26 for VIX (SPY vol index). Those haven't been broken and held yet, but when they do they can fly REAL quick and those are warning signs for dumps we've seen since September. I'll add two things here: 1. I trade in probabilities. The short term time frames are not as strong in my view, as they were a couple weeks ago. 2. I trade very actively. Do not follow my advice. Just sharing what I'm thinking. Last bit is overall macro environment looks incredible, Fed printer go brrrr I'm just hedging because I invest full time.
I'm an idiot and posted wrong article. I meant to post this one, but I can't get past the block anymore. I guess I used up my Incognito views: https://www.bloomberg.com/news/arti...streetbets-pushed-gamestop-shares-to-the-moon
I have no intention of touching Gamestop. Not my kinda play. But I do feel that if this thing can hang on the cliff long enough, a large amount of shorts will be covering on Friday.
This got lost in all the gme mania, but bed bath and bodyworks shot up to $47 for a brief time before crashing back down to $32.
bed bath and beyond (I was in on them in August and closed at a cool 10% profit...like an idiot) bath and bodyworks is a different company
this ain’t a market bro, it’s a casino full of first timers and cocaine. *I bought AMC and and BB this morning. Currently about even.
Bought GME at market open ($97) after reading this thread and a bunch of other articles Friday evening. My understanding is it will take a few weeks for the volatility to settle down as the funds who shorted are trying to shake out as many buyers as possible so try to get back out in mid-February with hopefully a profit. Am i base with those thoughts? I saw some got out this morning when it peaked at $140ish but for those that are in the red, what are we thinking the next week looks like?
Yea I bought in on AMC at like $4.50 and BB at like $19.50. I’m underwater on both, but I’ll hold them for a while.