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Stock Market Era |OT2| Taking SPY private at $420. Funding secured.
- Thread starter Sheepinator
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this right here is my greatest fear. Especially with Weeklies expiring in 2 days
OP
OP
Yep, nearly triple the amount of shares now as a year ago. So it would need to have nearly 300% the earnings of last year to justify the same stock price as then (when it was around $6-$7).
was turbo bear the whole COVID dip. Finally went all in 2 weeks ago, and I think the money I've made is making me even more bearish; It shouldn't be this quick or easy.
Thinking about exiting soon.
Thinking about exiting soon.
Good news for SELB - https://finance.yahoo.com/news/selecta-biosciences-announces-science-advances-211500610.html looking for some action later
Stellar results for NVDA, very impressive
Stellar results for NVDA, very impressive
Ooh oooks like gme cooled down. Looks like 140 floor right now, but the pressures still there.
It dropped, but still got to wait. The big brokers don't open up until a little over 2 hours from now.
Okay so what non-meme stocks are good to lock away a few grand in, and/or are currently down? I want an actual reliable way of making my money work for me over a set period of time without having to monitor it constantly or worry. Sorry if abusing the thread, am card-carrying noob
Almost everything down except bank stocks. iShares Core S&P 500 down .5% (Germany).
Yep. Banks and Energy up 10% this week, Banks up nearly 20% on the year and energy 30%. People can say whatever they want but this is market makers rebalancing. Read a good article about how last year they overweighted tech and underweighted finance/energy last year and they are probably rebalancing before the economy re-opens.
Dunno how much more they could go up, I sold my bank positions Tuesday (edit: Monday), definitely a little early, but they are back to above pre-COVID levels now and the buying will slow down at some point.
You just can't deny that (FAANGMAN) tech is flattening, earnings don't matter because their valuations are sky high, and there is good reason to rebalance because of all that and the economy reopening.
Question is if this movement started months ago how much more steam does it have before the selling pressure on tech ceases and the buying pressure on banks/energy slows down.
GME looks like it's gonna be nuts today. I'm tempted to jump back in but I know the second I do it'll free fall. But what if...
FOMO is strong on GME.
It's holding well in premarket, but I'm taking no chances and taking my win.
I saw a post on twitter of someone who predicted AMC was going to go up a bunch from earlier this week. His prediction was off by a day but I have no idea how he saw it coming. I can't find it now but they have less than a hundred followers so it's not like he has the power to unleash a legion of pumpers.
I know my wife and I will be. Probably gonna just put it in a TDF though. We are way behind on retirement.
This is all thanks to QE and the Fed. People basically have no other choice but the market when it comes to trying to grow their wealth over time, which introduces more risk. As someone looking to save for a house in the future I feel all but forced to park that money into the market, else it just sits in a high interest account or in bonds that can hardly keep up with inflation.
PLUGs gross billings beat estimates but their revenue got slammed by warrants. Not that I want to add any more to an over-valued loser in my portfolio, but looks like a company that is going to get unnecessarily beat up over the warrant issue they already publicly released prior to these earnings and at this point has been fully expensed. They still are on track for 21' forecasts and have a lot of cash on hand when they did their offering.
Worth watching to see exactly how far it falls compared to it's sector and if it's worth making a swing play.
Worth watching to see exactly how far it falls compared to it's sector and if it's worth making a swing play.
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Not fucking with GME this time around even though I made some money from it in January. Not gonna lie, it's tempting as hell but I got in early in Jan (~$35) so I have a hard time justifying the risk at $160 when it could easily plummet just as quickly as it rose. Good luck anyone going after it, hopefully people who lost their asses in January are able to get some of that back and get out while they can
Ah, that is why PINS is up too. Love when TWTR and SNAP drag PINS along for the ride.
Nice.
Randomly entered GME yesterday morning, got out partially with my initial investment and some profits (up 208% lol) and now letting the rest meme out for the day to see what happens. Not looking great atm.
I'm thinking of selling my Airbnb before today's earnings. I don't expect results to be great for obvious reasons, but even if they were we have seen companies smashing it and still see a massive sell off.
Prices are being dictated more by future potential than by current results. It seems like companies with more positive outlooks, even if they post middling earnings, tend to fair better than companies who are "smashing it" but seem wary of the future.
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