Official Investing Thread

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

  1. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    so I am holding 3 ba calls right now. Bought a few spy calls when things were tanking and sold for a nice profit.
     
  2. HuskerGuy99

    HuskerGuy99 Above Average Member



    Ahh shit, did we just pick the best day to get lucky or what? BA up 4% after hours. Crossing my fingers on this one.
     
    g8r likes this.
  3. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    I hadn’t really paid attention to it since back when he first started it bc I thought it was interesting he left fb. Looks pretty legit. Might just have to buy some shares.
     
    ohhaithur likes this.
  4. g8r

    g8r Well-Known Member
    Donor
    Florida GatorsBoston Red Sox

    also holding 30 shares waiting to be able to sell maybe tomorrow is the day
     
  5. SmoochieWallace

    SmoochieWallace Ipse dixit
    Donor
    Florida GatorsTampa Bay RaysTampa Bay BuccaneersTampa Bay LightningArsenal

    We went to the same high school.
    :peekaboo:
     
    letan likes this.
  6. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    American and United laying off over 30K workers
     
    Sportfan likes this.
  7. pacey

    pacey Well-Known Member
    Donor

    Is it 30k each or total
     
  8. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    In Total. Said they would recall them if an aid package is passed.
     
  9. spagett

    spagett Got ya, spooked ya
    Donor

    That makes me about a billion more times anxious about flying
     
  10. pacey

    pacey Well-Known Member
    Donor

    Well Hank says the end is now near, we hit the wave C of wave 2:

    The markets rallied early yesterday and then gave back some of that gain into the close. The Dow finished up 329 points, closing at 27,782. The NASDAQ and S&P were up 82 and 28 points, respectively. Volume on the NYSE was low again, coming in at 82 percent of its 10-day average There were 70 new highs and 14 new lows

    Yesterday’s rally was likely wave 'c’ up within an a-b-c retracement for Wave 2 up. If I’m correct about this wave structure, the Dow should begin a significant decline once wave ‘c’ of Wave 2 up completes. This could happen sometime later today.

    The reason I say this is because the recent retracement rally that started from last Friday’s low of 26,537 has all the characteristics of a classic a-b-c retracement. Wave ‘a’ up of the retracement was a complex structure that took the Dow to the 27,700 level. Once this wave completed, the wave ‘b’ pullback into Wednesday took 300 points off the average dropping it to the 27,400 level. Then the impulsive, straight up, rally that took place after that into yesterday’s high took the Dow to the 28,000 level, before pulling back. In other words, the retracement sequence from last Friday’s low of 26,537 followed the Principle of Alternation almost perfectly, with wave ‘a’ being complex and wave ‘c’ being simple. This characteristic signature, which consists of a complex wave followed by a simple wave, is one of the things technicians use to identify retracement waves. A-B-C structures are NOT something you find at the start of a new rally phase. So once wave ‘c’ up completes, like I said, it could happen today, the Dow should start a major wave 3 decline that should last for several weeks. This decline will be a Wave 3 of Major Wave 3 down. It should take to down back down toward the late June lows near 25,000.

    I remain on Full Red Alert as the market completes its current Wave 2 retracement rally.

    The Market Timing Indicators for the Major Indexes are Neutral.

    The Dean's List remains Negative, with a Neutral Tide. This is normal for a market in the process of making a corrective rally.

    Same for the Sector Ratio which came in at 13-11 Positive after yesterday’s session. Once the market begins to decline again, the Sector Ratio should begin to turn Negative. The top five strong sectors were Service, Retail, Transportation, Consumer Products, and Household Products. After yesterday’s session, 9 of the 13 Strong Sectors has RS ratings of 1 or zero, which tells me the strong sectors are not that strong. The top five weak sectors were Energy, Autos, Banks, Media, and Healthcare.

    There were NO CHANGES to the Model after yesterday’s session. The Model continues to hold trial positions of 1,200 shares of TWM, 1,600 shares of DXD, 800 shares of QID, and $43,651 in cash.

    I used the Scalp Trading indicators to generate $1,720 of profit yesterday, buying DXDs and SQQQ and shorting a few shares Apple (AAPL) when the indicators gave say so. The trades were triggered near the 14.15 mark. I simply noted the large negative divergences that were building all day on the 30 minute bars as the market moved higher, and then began putting on the shorts once the volume indicators turned negative on the short term bars. If the market opens higher today, I’ll look to re-establish some of the short positions I sold at yesterday’s close. Because the markets appear close to completing retracement Wave 2 up now, students should pay attention to what’s happening on the 30s. If the 30s turn negative, it should only be a matter of time before the 60s (Position Traders) and Daily’s (End of Day Traders) turn negative. If they do, these traders might want to look for opportunities to establish inverse or short positions. Again, Wave 3 down could drop the Dow initially to the 25,700 level with 25,000 being the target established by the Ending Diagonal.

    Because the patterns for gold and Bonds are not clear now, I’m mostly focusing on the equity markets. If you put a gun to my head and asked me about gold, I’d say it’s about to start a Wave 5 rally that could take it above the 2,070 level. The recent Wave 3 high made on 7 August was 2,072. So, if the Wave 5 rally begins, this high should be exceeded. But right now, there are way too many other vehicles to trade with much clearer patterns and greater odds for success, so I’m putting the metals on the shelf …for now.

    That’s what I’m doing.

    h
     
  11. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
    Florida GatorsMiami MarlinsJacksonville JaguarsAvengersMiami HeatWu-tang

    Holding people's jobs hostage is cool.
     
  12. HuskerGuy99

    HuskerGuy99 Above Average Member

    Out of BA calls and waiting now. 338.5 rejected hard again so the possibility of swinging back much lower is there. Be careful buying dips here. May test 331 again.

    Up/down is 40/60 and volume is not massive on this downswing, but remember the size of the swings last week. Could be seeing more of the same. Will wait to see some actual buying around this 335 area before hopping back in.
     
    #20762 HuskerGuy99, Oct 1, 2020
    Last edited: Oct 1, 2020
    HuskerInMiami likes this.
  13. HuskerGuy99

    HuskerGuy99 Above Average Member

    Does anyone use ROKU? How the hell is it $200?
     
  14. pacey

    pacey Well-Known Member
    Donor

    It is built into a crap ton of TVs. I don't think anyone uses the sticks though
     
    Fusiontegra likes this.
  15. pacey

    pacey Well-Known Member
    Donor

    ALLLLL the cheaper 4K tvs have it and people are upgrading so they are selling. I assume the TV manufactures like VIZIO pay some sort of fee to put the software in the TV.
     
  16. pacey

    pacey Well-Known Member
    Donor

    The fact that you say be weary and Hank is calling for another dip tells me calls are not a great play right now.
     
  17. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
    Donor TMB OG
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    Yup. I can no longer fathom paying $1700 for an LG/Sony/Samsung, when I can get almost the exact same technology for half the price in a TCL. And quite frankly, the Roku UI is awesome.
     
    pacey and ohhaithur like this.
  18. ohhaithur

    ohhaithur e-Batman
    Donor

    It shouldn't be but my TCL 4K Roku TV is one of the best value purchases I've ever made
     
    Fusiontegra likes this.
  19. Doc Louis

    Doc Louis Well-Known Member
    Donor

    That's why they're letting people go so they can go do something else instead of being furloughed
     
  20. pacey

    pacey Well-Known Member
    Donor

    I bought a $500 4K tv for the pool that I would gladly buy again. The Samsung for same refresh rate, HDMI ports, yada yada was like 1,200
     
    ohhaithur likes this.
  21. pacey

    pacey Well-Known Member
    Donor

    I saw on the CNBC ticket that JP Morgan and like 3 other companies furloughed today as well. Disney dropped the bomb on a good number of workers yesterday.
     
  22. HuskerGuy99

    HuskerGuy99 Above Average Member

    Yeah the supports below are all pretty much butter at this point, so it's hard to say when any sustained selling would stop. Makes it hard to even scalp the bounces. Was feeling 342 could be in play (and it still could be...I can't predict these things), but this is yet another reversal/bull trap. Very bad feeling seeing so many of these in such a short time frame. It's slowly flipping back 55/45 up/down now. Think I'll take a nap through Euro close as those Euros love to sell as well.
     
    HuskerInMiami likes this.
  23. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    Past two months have been great. September was pretty rough to begin, but turned around within the past week. :feelsgoodman:

    upload_2020-10-1_10-38-0.png
     
    The Hotch, HuskerInMiami, BP and 8 others like this.
  24. Houndster

    Houndster $25 Standard Unit
    Staff Donor TMB OG

    It’s the best streaming software by far. Got a couple shares back when it was ~$20
     
  25. texasraider

    texasraider thanks
    Donor
    Texas RangersKansas City ChiefsTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    I'm probably in the minority but I can't stand the Roku UI.

    But the value of TCL TV's is insane
     
    The Milkman and construxboy like this.
  26. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    TVs are a commodity these days. Hardly any differentiation between brands.

    ROKU is trading at that multiple bc of the subscription numbers (which they give away). Valuation 101
     
  27. Ralph

    Ralph Well-Known Member
    Donor

    At what point do the oil names start to become decent investments or is that never going to happen again? XOM is a couple bucks away from its march low. VDE is yielding 7%.
     
  28. BP

    BP Bout to Regulate.
    Donor
    Atlanta BravesGeorgia BulldogsAtlanta Falcons

    Gotta think they'll rebound whenever COVID gets dealt with. They're on my watch list, and they're expecting to past another quarterly loss.
     
    Ralph likes this.
  29. construxboy

    construxboy xenForo is the new TMB
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    North Carolina TarheelsPenn State Nittany LionsBuffalo BillsBuffalo SabresArsenalCharlotte FC

    Amazon Fire for life.
     
    bRamonceTaylor likes this.
  30. texasraider

    texasraider thanks
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    Texas RangersKansas City ChiefsTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    TVOS imo
     
  31. HuskerGuy99

    HuskerGuy99 Above Average Member

    I don't watch TV and haven't really even thought of buying one in over a decade, so I guess that makes sense if it's installed on a lot of the cheaper ones. I just looked at it like "streaming service" and look at Netflix and Amazon Prime and think how the F can anyone compete with those juggernauts.
     
  32. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    Roku is 1000x better than the fire stick or the shitty smart tv UIs that come pre installed.
     
  33. HuskerGuy99

    HuskerGuy99 Above Average Member

    BA really getting pushed down again today. Too many people in weekly calls from the looks of it. Volume and OI really blew up this week.

    Also looks like SPY 335 level held. I am guessing way too many people keep trying to short the dip and they are keeping us buoyant right now. About 70/30 up/down ratio right now.
     
  34. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    I’m the opposite, feel like it’s perfect for folks that have satellite or cable still but do a lot of streaming.

    agree on the TVs though, just got my dad a 58” 4K UHD connected ROKU tv for like $268
     
    HuskerInMiami likes this.
  35. texasraider

    texasraider thanks
    Donor
    Texas RangersKansas City ChiefsTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    simple stuff like only using 40% of the screen when viewing the various apps is so dumb
     
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  36. HuskerGuy99

    HuskerGuy99 Above Average Member

    These $2 5-minute candles though. Ice seems thin here.
     
  37. Stagger Lee

    Stagger Lee Crazy. Sexy. Cool.
    Staff Donor TMB OG
    Georgia BulldogsTexas RangersCharlotte HornetsCarolina PanthersGrateful DeadWu-tang

    Been on a roll the last few weeks, but god damn have I gotten burned day trading today.
     
    The Milkman likes this.
  38. texasraider

    texasraider thanks
    Donor
    Texas RangersKansas City ChiefsTottenham HotspurDallas Mavericks altTexas Tech Red Raiders alt

    Trump catching covid is wave c of waves 4 & 9 down

    inverses to the moon
     
  39. infected donkey

    infected donkey Arkansas Razorbacks
    Donor
    Arkansas RazorbacksChicago CubsAvengersBarAndGrillSoutheastern Conference

    Cue “McDonald’s song” I’m lovin it!
     
    texasraider likes this.
  40. DuffandMuff

    DuffandMuff Well-Known Member
    Tampa Bay Lightning

    Link?
     
    Baseballman86 likes this.
  41. letan

    letan Just looking for the gator board
    Donor
    Real MadridJacksonville JaguarsFlorida GatorsTampa Bay Rays

    So should we go long volatility or short the spy?
     
  42. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

  43. Houndster

    Houndster $25 Standard Unit
    Staff Donor TMB OG

    Sell everything
     
    letan likes this.
  44. southside

    southside Well-Known Member
    Donor TMB OG
    Texas LonghornsSouth Carolina GamecocksHouston AstrosDallas CowboysSeattle Kraken

    Bought a bunch of SMH puts before the close has me feeling some type of way
     
  45. elfrid

    elfrid atom bombs are fake
    Miami HurricanesOrlando MagicTampa Bay BuccaneersArsenalOrlando CityUnited States Men's National Soccer Team

    bought $26 slv nov calls and $25 sqqq 10/9 calls yesterday

    might be the first non-dumb thing i’ve done in a while. can’t wait to find out how this blows up in my face
     
  46. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    Betting on a 20% move in short term precious metals is a wild move. Take profit if it's available.
     
    brolift, HuskerInMiami and elfrid like this.
  47. The Milkman

    The Milkman Send lawyers, guns and money, shit has hit the fan

    My plan this morning is to sit back and watch this shit show today and see if any patterns emerge. Nothing I have expires before Jan. Would rather not light money on fire today.
     
    brolift, HuskerInMiami and elfrid like this.
  48. NothingIsOT

    NothingIsOT Fuller is a sarcastic asshole
    Donor
    Miami DolphinsFlorida PanthersDetroit TigersMiami Heat

    I’ll be selling Microsoft and Apple way OOM puts.
     
    brolift likes this.
  49. gordon bombay

    gordon bombay magician's alliance enthusiast
    Georgia Tech Yellow JacketsAtlanta BravesAtlanta HawksAtlanta Falcons

    FSLY strrrrrrrong

    CRWD too
     
  50. Joe Louis

    Joe Louis no thank you turkish, i'm sweet enough
    Donor TMB OG
    Michigan WolverinesDetroit Tigers

    Getting my first taste of being assigned on a covered call today ... DKNG Oct 2 40 calls waaaaaaaaay in the money. I'll still profit on those shares with a basis of $31.39, but a painful experience nonetheless :tmbtailgate: