Official Investing Thread

Discussion in 'The Mainboard' started by Joe Louis, Jul 12, 2010.

  1. Joystick Izzy

    Joystick Izzy Well-Known Member
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    Do you have any need for this money in the very near future? If not, why would you do this? If yes, then why was it in the market in the first place?

    Leave it alone. Don't try to time the market. It's a loser's game.
     
  2. Arliden

    Arliden Well-Known Member
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    Tesla really fighting to stay at $800.
     
  3. Arliden

    Arliden Well-Known Member
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    The environment for stocks is much better than bonds right now with everything the Fed is doing. The virus is just a black swan event.
     
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  4. texasraider

    texasraider thanks
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    I'm hoping for it to break the $790 resistance but will probably have to wait until tomorrow.

    I also bought some GLD calls this morning and they're up 30% today.
     
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  5. Gallant Knight

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    i cant read charts for shit

    is there some level of resistence where tsla will fucking freefall?
     
  6. texasraider

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    I'm not even close to educated enough to tell you but I see it reflected in today's movement
     
  7. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I get that, but if you can see something coming why not? If the CDC is saying things are going to get really bad, shits gonna hit the fan. My grandpa texted in family chat that he pulled out 25% of his yesterday around noon. I'm guessing a bunch of old people and boomers will follow suit.
     
  8. Gallant Knight

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    yep has been hovering between 797 and 807 since like 11am. seems like if it does break through 790 it could shoot down.

    i want to know how many people on robinhood own tsla shares with margin money they can't repay
     
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  9. Gallant Knight

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    FYI i think it's a titload. and if this thing pukes down to like 500 in the next month and they get margin called it will be ugly
     
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  10. letan

    letan Just looking for the gator board
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    If you’re talking about your retirement I’d probably just leave it alone.

    I moved my play money to VCSH last week.
     
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  11. Gallant Knight

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    just end now tsla. i don't need elon making some bullshit block buy order from his curacao account at the close
     
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  12. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    I don't see a lot of technical support holding it up
     
  13. Gallant Knight

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    can you elaborate for me
     
  14. momux

    momux AFAM Scholar
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    Come on man. You’re better than technical support.
     
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  15. Gallant Knight

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    lol $799.91

    Got my wish. Barely.
     
  16. HuskerInMiami

    HuskerInMiami Well-Known Member
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    It's already down to 798 after hours
     
  17. Gallant Knight

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    said on monday i was hoping for 750s on wednesday

    will depend on broader market i'm guessing. i can't imagine there will be any good corona virus news overnight. and it's possible that some companies that actually do things by the book will lower guidance. would be amazing if one of the big auto companies did this AH
     
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  18. Gallant Knight

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    or elon, go ahead and surprise me and be honest for once.
     
  19. texasraider

    texasraider thanks
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    Bob Iger stepping down. Wow
     
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  20. Gallant Knight

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    he was due to leave in 2021 i believe.

    he has not ever hid that he wants to run for president. guessing he is seeing the clusterfuck in the dem primaries and may want to jump in
     
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  21. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    not possible ftr
     
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  22. Gallant Knight

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    are the dems obligated to nominate sanders if he wins?
     
  23. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    if he gets the majority of delegates yes (which is only like a 40% shot, next closest is like 10%), if he gets a plurality they aren't obligated but would be insanely dumb to not (~70% he gets a plurality)
     
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  24. Gallant Knight

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    thx
     
  25. Gallant Knight

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    Iger is such a beast. highly recommend his book that was just released. i loved it
     
  26. Joystick Izzy

    Joystick Izzy Well-Known Member
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    Because the research very clearly points to the fact that you can't predict the future. And if you simply miss the best few days of the year that the market has, you substantially decrease your overall return. You don't know how low it's going to go, and you also have no idea how quickly it will rebound. Pulling out now means you will likely miss the rebound, at which point the market will be higher at that point than when you pulled out, which equates to a net loss. Go for it if you want.
     
  27. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
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    When I look at the chart, the first thing that jumps out at me is that the price doubled in a compressed period of time (less than 2 months) peaking with a shooting star (reversal) formation on 2/4, followed by a sharp drop and a bearish flag, and then one final run to record highs on 2/19 capped with another shooting star. During both peaks the RSI was near or above 80% (and got as high as 94 at its peak), signaling it was way overbought.

    I don't see any clear trend lines to serve as support. The pivots that could serve as support are few and far between, were not generally on high volume, and haven't been retested

    There are gaps to be filled in the chart

    All this suggests a lot of trader momentum driving this stock, and the lack of momentum could drop it like a brick.

    I could see it dropping into the $500s

    I'm not an expert by any means. And the only software I have to read the chart is Yahoo Finance.
     
    #11727 Stagger Lee, Feb 25, 2020
    Last edited: Feb 25, 2020
  28. Arliden

    Arliden Well-Known Member
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    .
     
    #11728 Arliden, Feb 25, 2020
    Last edited: Feb 25, 2020
  29. Gallant Knight

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    thanks for your input
     
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  30. Gallant Knight

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    Asx -2%
    nikkei -2%
    Hang seng -1.25%
    Dow futures +120

    this is exactly what happened last night. Markets that were actually open down significantly and Dow futures up
     
  31. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Did you sell your TSLA? Down to 781
     
  32. Gallant Knight

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    I sold the 700s and 750s and rolled them into $800s

    I’m consider either cashing out or rolling to next week
     
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  33. texasraider

    texasraider thanks
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    I've got some March $600 puts that I've already locked profits in. Think I'm going to let these ride for a bit
     
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  34. Hatfield

    Hatfield Charlie don’t surf
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    Is it "The Ride of a Lifetime"? I've read a couple articles on him, hes fascinating.
     
  35. Gallant Knight

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    Yep. It’s a short read and is awesome

    I finished it in two hours
     
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  36. Drunkle Tom

    Drunkle Tom Well-Known Member
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    Businessweek has a pretty interesting cover story on r/WallStreetBets this week.


     
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  37. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    they talkin' about trading good boy points for tendies in bloomberg

    what
     
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  38. texasraider

    texasraider thanks
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    So these are up 150% today
     
  39. billdozer

    billdozer Well-Known Member
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    :rain:
     
  40. texasraider

    texasraider thanks
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  41. mal630

    mal630 Well-Known Member
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    Some comment on r/WSB made me some good money. Someone was advising to buy 3M because Ninja or someone of that ilk was wearing one of their masks in a video. A guy commented that the masks are such a small part of the business but you should look at Alpha Pro Tech. I bought some shares at 6 based on a random comment and it is 18.50 in 1 week.
     
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  42. texasraider

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  43. Houndster

    Houndster Well-Known Member
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    He’s probably dead from having an erection too long
     
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  44. texasraider

    texasraider thanks
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    Aaaaaand now they’re up 800%
     
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  45. Gallant Knight

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    I sold 5 minutes ago

    34B8CFB5-2A3D-4F4D-A66C-87413E3B245A.jpeg
     
  46. Bo Pelinis

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  47. 1

    1 A real fan. GBR!
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    Nicely played. Congrats!

    You can finally pay me for that $1K bet we made during the President's Cup. :gocho:
     
  48. Houndster

    Houndster Well-Known Member
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  49. Gallant Knight

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    Told everyone every trade I made
     
  50. Gallant Knight

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    Bought 20 3/6 600 puts at 9.75

    cashing out the rest
     
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