Stocks

[dougrz]

No new stimulus bill would take a little steam out of the run.

[Iceaxe]

If the Fed keeps devaluing the dollar by printing money it's a "for sure".

[dougrz]

Re: Fed printing. As everyone talks about $14T in reparations or wealth redistribution, we have it in a form with the printing. We're all being stolen from as it happens.

[Iceaxe]

The DJIA is now firmly over 28k. It appears Wallstreet is no longer buying into the Scam-demic.

https://uploads.tapatalk-cdn.com/20200811/51f892e0f1b263a6d8b892c9b14bc68c.jpg

[oldno7]

Just bought GOLD, again.

26.38

[oldno7]

nuther GOLD buy signal at 26.31

[oldno7]

last 100 @ 26.14

[oldno7]

100@26.02


Would like to get in one more buy, this afternoon or early tomorrow.

[oldno7]

GOLD up over $29 in the EXT session yesterday.

[dougr]

Food for thought.

95228
95229

[rockgremlin]

GOLD up over $29 in the EXT session yesterday.

Yep - I believe the spike occurred just after it was revealed that Warren Buffet has been dumping his stake in banks in favor of Barrick shares.

https://markets.businessinsider.com/news/stocks/warren-buffett-sells-jpmorgan-wells-fargo-buys-barrick-gold-2020-8-1029506182#

[Iceaxe]

^^^This is great for me as I design about half of Barrick's shit... no need to invest, this is guaranteed money in my pocket.

Gold up or down will not matter as Barrick will be dumping all of this new investment coin into infrastructure :-)

If all the sheep follow suit I might be buying a winter home in beautiful Ely Nevada.... Hahaha...

[oldno7]

Sold 500 GOLD this morning on a gap play at $30.04(avg-26.18)

Too risky for me here in going higher without a significant pullback.

Close to 15% profit, decent trade.

[oldno7]

One of my trading accounts is relegated to mutual funds only.

During the crash I was buying QQQ(ETF)

I'm still holding and have no exit signal to date.

Made new highs again today.

[Iceaxe]

Democrats had better hurry and get back to destroying America or the DJIA will be over 29k before the election and doom any chance they might of had.

[Iceaxe]

As of this morning 29k is within spitting distance...

[rockgremlin]

As of this morning 29k is within spitting distance...

Remember back in May when the DJIA had risen from 18,213 to over 24,000, and just about everybody was screaming about the "second crash" that was sure to hit even harder than the first? I think Dougie Downer even said he thought the second drop would descend all the way to 10,000 or lower.

I don't think many folks saw the market rip upward like this. If this trend continues the DJIA could be over 30,000 by the time Trump gets re-elected. :lol8:

[Iceaxe]

^^^Don't forget Accadacca rushing into this thread posting the huge drops in stocks... interestingly he never rushes in to post the many positives of the Trump economy. I guess that's how you roll when your ridin' with Biden.

[accadacca]

^^^Don't forget Accadacca rushing into this thread posting the huge drops in stocks... interestingly he never rushes in to post the many positives of the Trump economy. I guess that's how you roll when your ridin' with Biden.

https://uploads.tapatalk-cdn.com/20200902/f3fb585f8fecdc7f7d5d467df2cc57b2.gif

I post MANY things to get a rise or create conversations that I might learn from, not because I really give a shit one way or another at that moment. The posts intended to get panties in a bunch or trigger you guys have a 99.9% success rate. [emoji23]

[Iceaxe]

I post MANY things to get a rise or create conversations that I might learn from, not because I really give a shit one way or another at that moment. The posts intended to get panties in a bunch or trigger you guys have a 99.9% success rate. [emoji23]

Good One!

The problem is your true colors show in what you post, when and why.... It's like watching Headboard Harris suck up to Biden the past couple weeks when you know she truly despises Old Slow Joe...


https://www.blazingcatfur.ca/wp-content/uploads/2020/08/Biden-Heels-Up-Harris.jpg

[accadacca]

Good One!

The problem is your true colors show in what you post, when and why.... It's like watching Headboard Harris suck up to Biden the past couple weeks when you know she truly despises Old Slow Joe...


https://www.blazingcatfur.ca/wp-content/uploads/2020/08/Biden-Heels-Up-Harris.jpg

RLOL!!! You are dead wrong. Might wanna keep the day job boss. I don’t see a fortune teller job in your future. Looks like you and Biden have some of the same qualities...lol

[Iceaxe]

^^^I'll believe it the day I see you are not ALWAYS sucking liberal dick...

[accadacca]

^^^I'll believe it the day I see you are not ALWAYS sucking liberal dick...

https://uploads.tapatalk-cdn.com/20200902/a392cd39e8e4bff2c894577d9018000d.gif

[Byron]

https://uploads.tapatalk-cdn.com/20200902/f3fb585f8fecdc7f7d5d467df2cc57b2.gif

The posts intended to get panties in a bunch or trigger you guys have a 99.9% success rate. [emoji23]That's funny...I actually reply to your posts with what I believe is thoughtful intent and perspective on my part. I wouldn't have thought your intent is just to laugh at my expense? But apparently it is. Not just me, but everybody, huh? That kinda makes you a dick, Scott.

I think I'll ignore you from now on.

[accadacca]

That's funny...I actually reply to your posts with what I believe is thoughtful intent and perspective on my part. I wouldn't have thought your intent is just to laugh at my expense? But apparently it is. Not just me, but everybody, huh? That kinda makes you a dick, Scott.

I think I'll ignore you from now on.

That’s certainly your own prerogative and that’s why we have the ignore button. I enjoy your posts and perspectives. No, I’m not trying to trigger everybody. There are a few though that get triggered VERY easily and turn to personal attacks if someone posts something that is not in line with their thinking. And to think they actually know me or how I see things through an internet message board is truly laughable.

[Byron]

That’s certainly your own prerogative and that’s why we have the ignore button. I enjoy your posts and perspectives. No, I’m not trying to trigger everybody. There are a few though that get triggered VERY easily and turn to personal attacks if someone posts something that is not in line with their thinking. And to think they actually know me or how I see things through an internet message board is truly laughable.Maybe you should do a better job at identifying your targets instead of throwing a wet blanket over everybody.

The "ignore button"?...that's for spineless pussies. I'll read your posts...I just won't reply to them anymore. Besides, it's very rare that you offer any in depth personal opinion anyway...just sayin'.

Yes. My prerogative indeed.

[accadacca]

Maybe you should do a better job at identifying your targets instead of throwing a wet blanket over everybody.

The "ignore button"?...that's for spineless pussies. I'll read your posts...I just won't reply to them anymore. Besides, it's very rare that you offer any in depth personal opinion anyway...just sayin'.

Yes. My prerogative indeed.

I guess you join the ranks of the personal attacks. Thanks for proving my point.

[Byron]

I guess you join the ranks of the personal attacks. Thanks for proving my point.What point? You point your guns at me and its my fault?

Personal? All I did was indicate I wasn't going to participate in your little "troll voyeurism" anymore. You've got no one to blame but yourself here, sweetheart.

It's been discussed plenty of times in the past...your "hit and run" with nothing to add posts and it didn't bother or deter me because up till now you never indicated you're laughing at my expense. No more soup for you.

[accadacca]

What point? You point your guns at me and its my fault?

Personal? All I did was indicate I wasn't going to participate in you little "troll voyeurism" anymore. You've got no one to blame but yourself here, sweetheart.

It's been discussed plenty of times in the past...your "hit and run" with nothing to add posts and it didn't bother or deter me because up till now you never indicated you're laughing at my expense. No more soup for you.


Besides, it's very rare that you offer any in depth personal opinion anyway...just sayin'.

I went back through my posts above and I don't see any place that I mentioned you by name. The last post from you in this thread was back in July.

I said I enjoyed your posts and I was not trying to trigger everyone. Sensitive much? A couple posts and all the sudden I'm the bad guy? Wow… guns pointed at you? Seriously confused. That was a conversation primarily with Shane and yes others get triggered easily, but I've always found you to be a pretty even-keeled guy.


I post MANY things to get a rise or create conversations that I might learn from, not because I really give a shit one way or another at that moment. The posts intended to get panties in a bunch or trigger you guys have a 99.9% success rate. [emoji23]

It does get exhausting when I get jumped on or singled out for posting stuff. And like I mentioned, I usually don't really give a shit about it, but I find it interesting/newsworthy/timely/etc and I want to hear other opinions. Then yes, it creates a conversation where I can learn and stimulate my mind. If I had all the answers then I wouldn't participate in forums like bogley. You've stated that my "hit and run" posts don't contribute anything and that my personal opinions rarely reach an acceptable level. Noted.

[Iceaxe]

It does get exhausting when I get jumped on or singled out for posting stuff.

So you just stated that you basically post shit to be a dick.... and then you get bent when you get called out for it... You can't have it both ways dude.

"Sniping", "torpedo's" and "hit & run" are all dick moves and really doesn't contribute anything to education or a constructive conversation...

YMMV

[accadacca]

you basically post shit to be a dick....
Pot calling the kettle black boss.

[Iceaxe]

Pot calling the kettle black boss.
No... I actually stay and participate in the threads I post crap in... a prime example is this thread where I have participated since the day I started it and have attempted to point out why there is a vast difference between you and I. Lots of us toss red meat into the pit, but then we stick around and defend our position, which you seldom/never do.... do you see the difference yet or do you need me to make you a PowerPoint demonstration with color pie charts?

[accadacca]

There are a few though that get triggered VERY easily and turn to personal attacks if someone posts something that is not in line with their thinking.


^^^I'll believe it the day I see you are not ALWAYS sucking liberal dick...

Do you get it now or do you need a PowerPoint presentation?

[BasinCruiser]

:popcorn:


:duel:

[Iceaxe]

Boom!!!

And just like that Trump is elected to a second term.

https://uploads.tapatalk-cdn.com/20200903/927edfb83afbd28e208e0de437dc1017.jpg

[dougrz]

I think Dougie Downer even said he thought the second drop would descend all the way to 10,000 or lower.


Please. 15k I think I said, you give me too much credit for 10k. Printing and zero rates had their effect.

The old Graham studies of the 30s predicted a 286 multiple in a zero environment. More room to run if so.

Still doesn't account for the election risk. Upside of Trump is, downside of Dem sweep is?

[oldno7]

Exited my QQQ etf yesterday at 302.95

Had a hanging man doji on higher volume=too much risk for me to continue holding.

[Iceaxe]

The DJIA will likely dip today as I expect to see a lot of profit taking.

[oldno7]

Watch the canadian pot stock sector--amazing!!!!

Some up 100% in 2 days.(ACB)

[dougrz]

The market loved a split govt and a Biden ending of hostilities with China. Hence the good rally post election day. A split was the single best outcome for the market, shedding Trump's trade and immigration policies but keeping his tax and dereg.

But now weakness should prevail as the market comes to grips with a Dem Senate being a real possibility.

From a sweep, rollback of the Trump tax cuts effects the broad market. Subsidies for alt energy effects those +. Health stocks probably hit as the public option would come and eviscerate private health over time. Big Tech + as the war against them ends. Homebuilders + with open borders and amnesty chain migration. Precious metals + as the mass spending programs signal dollar weakness. Etc. Winners and losers, plan accordingly.

Worst will be energy and gun stocks. Elimination of the liability shield for gun makers will kill them all in a decade or so. Possible survival for ones that manufacture and sell only in a single state, to skirt federal laws. This was a hot topic in the industry a few years ago for a similar reason and has to be revisited now.

[rockgremlin]

^^^gun stocks will continue to do well because folks will continue to stock up on guns and ammo in anticipation of Biden cracking down.

Check out Vista Outdoor (VSTO) - that stock is rocking because guns and ammo won't stop flying off store shelves. I can't see that slowing down anytime soon.

[dougrz]

^^^gun stocks will continue to do well because folks will continue to stock up on guns and ammo in anticipation of Biden cracking down.They will for a time, potentially years, yes. It's just a comment that in time all national makers will be bankrupted. And targeted specifically for lawfare.

It's like buying one of the mineral resource royalty stocks. It's a diminishing asset and you have to run a discounted valuation calc. Many, many investors don't know this, so overvalued stocks can remain overvalued for a long time. Add in that you never know when a large lawsuit might be filed, nor how long it would take to adjudicate. Large variability which makes a discounted calc nearly impossible. Just becomes your thinking on that risk. You'd have to count on the SC overturning decades of product liability laws to save them.

For the gun stocks, think back to Sandy Hook. Without the Fed liability shield, Bushmaster would have been toast at the time from lawsuits. And those lawsuits were filed and money had to be spent to defend even with the shield. Parent Remington went under later as a bk for a variety of reasons.

Bottom line, it has to be considered a risk now. Dem sweep, shield repealed, shooting, lawsuit. Determine your risk tolerance.

[dougrz]

I'd encourage you all to weigh risk v reward again.

What is the reward of a divided govt for the next 2?

+ for market
1. Let up on China and stop border enforcement
2. Tax increases are stopped in an R Senate
3. Stop border enforcement stimulates demand

- for market
1. Regulatory creep begins again
2. War on energy, though not 100% strength, will incrementally drive costs up

What is the risk of a Dem sweep?

+ for market
1. Large stimulus and spending across the board
2. Mass amnesty plus stop border enforcement stimulates demand

- for market
1. Tax increases. Income, cap gains, financial transaction, inheritance, payroll, medical, all in the Biden plan
2. Large regulatory schemes emerge
3. Weight of govt spending on new citizens, Medicare, and climate initiatives drives the debt market to some point
4. The biggie: once realization that Dem rule is permanent...
a. sectors of the market need to be evaluated for fixed term of existence (energy, ICE auto, firearms, and any other targeted)
b. CA level policy nationwide will alter the return of entire sectors that aren't termed out. eg, US population will swell, tech more empowered, national home energy standards, etc

[dougrz]

Oil might be an interesting play in the coming months if the Dems sweep. The market reaction will be swift and painful for a lot of names. But emerging market energy demand will power increased oil consumption for 1 or 2 more decades.

As US oil majors are sued and fined and pressured to phase out oil production as BP and Shell and Eni have done in Europe, other foreign suppliers will pick up the slack. A multiyear play.

Names like EC, PBR, SNP, ARMCO to name a few. Immunity to insane US policy changes is going to be a great plus for several asset classes.

[rockgremlin]

Oil might be an interesting play in the coming months if the Dems sweep. The market reaction will be swift and painful for a lot of names. But emerging market energy demand will power increased oil consumption for 1 or 2 more decades.

As US oil majors are sued and fined and pressured to phase out oil production as BP and Shell and Eni have done in Europe, other foreign suppliers will pick up the slack. A multiyear play.

Names like EC, PBR, SNP, ARMCO to name a few. Immunity to insane US policy changes is going to be a great plus for several asset classes.


[ahem] Speaking of oil stocks...

Exxon up 14%, Apache Oil up 21%, Conoco up 15%, etc....

The prospect of a viable Covid vaccine available soon is driving many stocks skyward upon speculation of society returning to normal soon. (DJIA + 1400 points!)

Investing in speculation is always a risky bet. When reality doesn't bear fruit the market is ruthless.

[dougrz]

[ahem] Speaking of oil stocks...

Exxon up 14%, Apache Oil up 21%, Conoco up 15%, etc....

Had this been announced 2 weeks ago, several points for Trump nationwide.

Purposely withheld.

[Iceaxe]

Purposely withheld.

Same deal with the drug companies coming out this morning and announcing they are only weeks away from a Covid vaccine.

Big Pharma hates Trump as he kept forcing them to sell their products to America at the same cut rates they sold to other countries.

[dougrz]

Big Pharma hates TrumpBig pharma will deeply regret helping the socialists win. Just as big health insurance helped push Obamacare across the line to get some spare time only to be eventually pushed entirely out of biz.

No doubt there were deals cut to spare them from attacks for a while in whatever Dem bills come down the line first.

I'm ticked at myself for not seeing this obvious news in advance and playing options on it. So obvious.

But this does signal the era of corruption, deals, and political manipulation accelerates nationwide. The heart and soul of socialism is corruption.

[dougrz]

TTD I've owned since May or so. Purely on the insistence of the adviser I work with.

Remarkable volatility.https://uploads.tapatalk-cdn.com/20201110/fbcc9663bda6c212cd416d48f0935946.jpghttps://uploads.tapatalk-cdn.com/20201110/ef2b3b9b758b4d9edbd5738ea94da8d4.jpg

[Iceaxe]

Dow crests 30,000 points on vaccine hopes, Biden transition
https://www.ksl.com/article/50054751/dow-crests-30000-points-on-vaccine-hopes-biden-transition

[rockgremlin]

Dow crests 30,000 points on vaccine hopes, Biden transition
https://www.ksl.com/article/50054751/dow-crests-30000-points-on-vaccine-hopes-biden-transition


Meanwhile, millions of Americans are either unemployed or bankrupted from Covid lockdowns. Small business owners - especially in Democrat run states - are living off savings and may never recover.


But it's a good thing wall street is doing well. :roll: The disparity between wall street and main street in this country is staggering.

The Robin Hood trading crowd are operating with the pedal to the metal and the blinders on but something has to give because the Dow is NOT an accurate economic representation of this country under the current conditions.

[devo_stevo]

Yeah, I wonder what's going to happen to the DOW when ol' Joe puts the whole country under his thumb and won't let anyone go back to work for a month and a half.

It makes me think of my daughter. We're all stuck at home right now because a couple of us got the COVID, so she's working from home and hasn't been able to go out for a while. She's all pissed off about it, but she voted for Biden because she gets her news from tik-tok and twitter. It'll be interesting what happens when she gets more of what she asked for. She won't like it, but refuses to see it for what it really is.

[Byron]

Meanwhile, millions of Americans are either unemployed or bankrupted from Covid lockdowns. Small business owners - especially in Democrat run states - are living off savings and may never recover.


But it's a good thing wall street is doing well. :roll: The disparity between wall street and main street in this country is staggering.

The Robin Hood trading crowd are operating with the pedal to the metal and the blinders on but something has to give because the Dow is NOT an accurate economic representation of this country under the current conditions.A lot of people made a LOT of money this year. Not trying to brag, but I'm getting ready to spend $130K on a fancy truck and camper and I didn't have to work a single second for it. There's always winners and losers...same thing is going to happen with the next 4 "Biden" years...position yourself right and there's money to be made.

Speaking of work, I've done far more of it this year than I wanted to. My "plan" was for more play, less work...but the phone rang off the hook, I raised my rate (again) and none of my friends ventured away from home this summer so I just got after it. I wasn't planning on buying that camper for another 3 years (it was going to be a 60th birthday present to myself) but pulled the trigger now as to literally force me not to say "yes" anymore to so much work...can't paint a house when I'm in the middle of Montana for 3 weeks.

Anyway, damn near every guy I've met who works in the trades is swamped. I've got long time customers moving into much bigger homes...in fact I'm booked from now 'till the end of the year just working on the interior of two monster houses. The salesman at the Ford dealer where I bought my new truck told me even the bums that work there are selling cars.

But you're right...there's a lot of people that got pummeled with this attack...and an attack is exactly what it was/is. I was thinking about this the other day...how so many (including myself) just sailed thru this year without any reproductions whatsoever while others were laid low. This may sound a bit selfish, but I really don't feel sorry for them...I was dirt poor, foolish and naive at one time, too. I'm just glad I'm not my 25 year old self right now.

Which brings us to the big picture look of this whole situation...it's the haves vs. the have nots. We live in a country of great wealth and opportunity, and those that are willing to willing to put aside instant gratification and/or get their asses to work (hours, lots of hours, baby) can make it just as well as I did. But you've got those that just can't keep up and they're pissed...so the elites use that anger to divide us while giving noting to their so called "coalition" but lip service.

In other words, I think the economy as it is, is just fine. It'll chug on while leaving the human debris in its wake just like it always has. IMO, the biggest hit the poor are going to take is a large increase in gas prices and increases in rent to cover expenses. Yeah, it sucks to be poor, and it's going to suck even worse going forward. What gets me is that these dummies vote for the very people that bring down the pain...hypnotized by false promises and outright lies.

Not much compassion, huh? Well...I paid my dues and climbed that mountain...and while I'm up here the last thing I'm going to do is huck handfuls of cash to those wallowing bellow. Instead I'm looking over the edge saying "I made it, so can you"...get off your ass.

[rockgremlin]

So from here what I see happening is that Biden is inaugurated and will almost immediately seek to get a handle on Covid by imposing another 6week lockdown. This will make the situation worse but never fear, another trillion dollar stimulus package will be sent out.

And at some point inflation will rear it's ugly head. Those that are well off will do ok but those on the bottom rung will continue to get pummelled.

[oldno7]

Those that are well off will do ok but those on the bottom rung will continue to get pummelled.

And thats how life works.

If you hate the bottom--get off it.

The only hiccup is it requires effort....

I remember slow times in my business, every day during those times, I looked for ways to get busy and accel.

Not easy, takes commitment most lack.

Thats why most small business' fail--lack of commitment to busting your ass.

I've worked outside at -20 and 105* but I worked.

[uintafly]

A lot of people made a LOT of money this year. Not trying to brag, but I'm getting ready to spend $130K on a fancy truck and camper and I didn't have to work a single second for it. There's always winners and losers...same thing is going to happen with the next 4 "Biden" years...position yourself right and there's money to be made.

Speaking of work, I've done far more of it this year than I wanted to. My "plan" was for more play, less work...but the phone rang off the hook, I raised my rate (again) and none of my friends ventured away from home this summer so I just got after it. I wasn't planning on buying that camper for another 3 years (it was going to be a 60th birthday present to myself) but pulled the trigger now as to literally force me not to say "yes" anymore to so much work...can't paint a house when I'm in the middle of Montana for 3 weeks.

Anyway, damn near every guy I've met who works in the trades is swamped. I've got long time customers moving into much bigger homes...in fact I'm booked from now 'till the end of the year just working on the interior of two monster houses. The salesman at the Ford dealer where I bought my new truck told me even the bums that work there are selling cars.

But you're right...there's a lot of people that got pummeled with this attack...and an attack is exactly what it was/is. I was thinking about this the other day...how so many (including myself) just sailed thru this year without any reproductions whatsoever while others were laid low. This may sound a bit selfish, but I really don't feel sorry for them...I was dirt poor, foolish and naive at one time, too. I'm just glad I'm not my 25 year old self right now.

Which brings us to the big picture look of this whole situation...it's the haves vs. the have nots. We live in a country of great wealth and opportunity, and those that are willing to willing to put aside instant gratification and/or get their asses to work (hours, lots of hours, baby) can make it just as well as I did. But you've got those that just can't keep up and they're pissed...so the elites use that anger to divide us while giving noting to their so called "coalition" but lip service.

In other words, I think the economy as it is, is just fine. It'll chug on while leaving the human debris in its wake just like it always has. IMO, the biggest hit the poor are going to take is a large increase in gas prices and increases in rent to cover expenses. Yeah, it sucks to be poor, and it's going to suck even worse going forward. What gets me is that these dummies vote for the very people that bring down the pain...hypnotized by false promises and outright lies.

Not much compassion, huh? Well...I paid my dues and climbed that mountain...and while I'm up here the last thing I'm going to do is huck handfuls of cash to those wallowing bellow. Instead I'm looking over the edge saying "I made it, so can you"...get off your ass.

Well said here. If you would have asked me at the end of March how this year would have turned out, I wouldn't have thought for a moment I'd have made this much money. 2017-2019 was very good for me and I was ready to batten down the hatches when all lock downs hit this spring, and I lost about $25k in commissions in March. But I am gonna have doubled my income from last year when all is said and done. If you can bust your ass the money will still be out there. This is one of the reasons I don't get all that wrapped up on who the president is, I'll survive either way.

[Byron]

I don't get all that wrapped up on who the president is, I'll survive either way.Yeah, I'm with ya there...however, the dog I have in the fight is that when the rubber hits the road, it can really matter. One coalition or another will be served...and I prefer the "conservative" angle. Seems to the the liberal thing is a lot of talk and little action. I hardly think allowing a grown man wearing a dress to enter a bathroom with a 12 year old girl inside is a "victory" for those that run around with rainbow flag T-shirts.

But hey...most of us see the world thru different "reality goggles" as I call them. It's all good, but violence, threats, extortion, intimidation, destruction and ANYONE that refuses or half ass "denounces" it is on my shit list.

Trump was an anomaly...the "Ross Perot" that took 25 more years to come to fruition. Now things go back to "normal"...Clinton, Bush, Obama.

EDIT: You are correct sir...Thanos was right.

[oldno7]

I'm a short term trader and have been holding these a long time, for me.

Took some profit on QQQ today as it is making all time high.

[Byron]

So the buttload of Ford stock I bought back in March just went over $9 a share...daddy like.

When I bought it, I figured to dump it when it hit $10...but I just might get greedy and wait until it his 12. :cool2:

Never, never be a wallflower...especially when the good stuff is staring you right in the face.

[dougrz]

I put in for some Air Bnb on the IPO and was assigned 30 shares at $68.

It popped to $155 (or $165) and I sold. Same day ~$3k, today.

Pure luck, but nice bonus while walking GA.https://uploads.tapatalk-cdn.com/20201210/237d6653153d57ff81af63717e6ced04.jpg

[dougrz]

^ Of course watch it go to $300 next week. But I'll potentially re-enter after the lockup, or after a post exuberance selloff, was my thinking.

[dougrz]

...https://uploads.tapatalk-cdn.com/20201211/e99a942d4df39f92c63e767fc51e9f3a.jpg

[oldno7]

Exited all QQQ's this morning.

[rockgremlin]

Exited all QQQ's this morning.


Nice. Just three days removed from the most recent highs. I expect a pullback is imminent?

[dougrz]

Rand Paul's speech about the relief bill was excellent. This endless money printing, and lack of business activity behind it, isn't going to end well.

Stocks might very well do fine, but we're all being made poorer. Once home and rested, I've got some real planning to do for the long term.

[oldno7]

Nice. Just three days removed from the most recent highs. I expect a pullback is imminent?

Triple divergence on RSI

May be more to the upside but I'm happy putting profits in my pocket and waiting for a calmer climate to re enter.

[oldno7]

Just bought some Ford--8.68

Good pullback from 9.50

Will buy more if lower

I really want 8.20

With 7.40 very much a target as well

Then 6.73

If biden gets in, I wouldn't be surprised to test or exceed last years low.

AND--don't take stock advice from me, as soon as I see a decent profit on my system, it will be sold.

[oldno7]

teeny bit more F at 8.62

[oldno7]

Decent system buy at 8.51

I don't want to hold this for very long at all.

[oldno7]

When I purchase a stock on a system buy--I immediately set a STOP LOSS order to limit my losses.FYI

[Byron]

I was holding out for 10...almost got there. I may just go ahead and cash in. I bought very low in March.

You made a prediction about this stock about a month ago...I didn't "listen", but I did. Been keeping a sharper eye on it...figured it would roll over 10 because I know for a fact that they're selling heavy duty trucks like hotcakes and they've got lots of new models coming out.

[Iceaxe]

Invest in China, they are brilliant. They bought the US for a paltry $1 Billion loan to Hunter.

[oldno7]

I was holding out for 10...almost got there. I may just go ahead and cash in. I bought very low in March.

You made a prediction about this stock about a month ago...I didn't "listen", but I did. Been keeping a sharper eye on it...figured it would roll over 10 because I know for a fact that they're selling heavy duty trucks like hotcakes and they've got lots of new models coming out.

You need to weigh your objectives with this or any stock.
Long term it should be good.
As mentioned many times by me, I like to get out in one to two days if possible.
Everyone's needs and style varies.

[oldno7]

If F hits 8.70ish, today or tomorrow, I'll sell.

But if I'm trading a strong stock, I always look to buy back in at a lower rate.

If it continues up, I'm happy with what I planned to make.

If it drops as planned, I buy more shares for the same money I exited with.

[oldno7]

Ford is a stock going no where--fast, er actually slow.

I just bought a sizeable amount of MVIS under 5.20

I've been trading this 100's of times from .24

[oldno7]

Still holding a few Ford stocks--would buy more if it hits 8.20ish

[rockgremlin]

I just bought a sizeable amount of MVIS under 5.20

I've been trading this 100's of times from .24


I had my eye on this all day today and got stopped out twice ~ around 5.20 - 5.25. I would've held it but I noticed on the daily that it's been in decline ever since it peaked on 12/22. I'll reassess tomorrow...

[oldno7]

Bought more at 5.12 a minute ago.
Another order in for 5.10 right now.
ASK is at 5.10 but I haven't filled yet--light volume.

[oldno7]

got it--5.988

[oldno7]

little more--5.07

[oldno7]

little more--5.02
volume coming in, now.

[oldno7]

spike down,, little more 4.94

[oldno7]

exited ford at 8.58 for a very small profit.

I think the whole market is on very shaky ground, this week.

Not willing to hold through it.

[oldno7]

Out of all MVIS.

HUGE afternoon rally, nice $$$$

[rockgremlin]

Out of all MVIS.

HUGE afternoon rally, nice $$$$

Yeah I caught that as well. Got in at 5.03 and stuck around for the late $0.50 spike upon the close.

That was fun. :2thumbs:

[uintafly]

I'm typically a real estate guy or a longer term holder, but have been bored and had a little extra cash to play around with, so I've been fooling around a bit on the daily side. No big dollar amounts as I need to learn the game a more first, but I was able to buy HSDT at about $18, sold it all at $30, bought again at $19 and sold it all again at $22. Started at $1,000 and finished at $1,900. Not a bad day considering I was at work. I can see where this would be addicting, especially at real dollar amounts.

[Byron]

I'm typically a real estate guy or a longer term holder, but have been bored and had a little extra cash to play around with, so I've been fooling around a bit on the daily side. No big dollar amounts as I need to learn the game a more first, but I was able to buy HSDT at about $18, sold it all at $30, bought again at $19 and sold it all again at $22. Started at $1,000 and finished at $1,900. Not a bad day considering I was at work. I can see where this would be addicting, especially at real dollar amounts.You're a cautious guy, and so am I. I started out with just a few thousand bucks at a time about 11 years ago and now it's moved up to tens of thousands at a time. I haven't got the time nor the inclination to do it like Kurt and some of the other boys, so I just buy good stock on the lows, sell it all and take the profit...and the tax hit, in some cases.

I haven't screwed up yet, in fact it seems quite easy. I remember when I was a kid and I first heard "It takes money to make money"...I didn't understand that at all. Now I do. Even if you're working with smaller amounts, if you're confident with the picks it sure is a hell of a lot better than sitting in the bank earning nothing.

[rockgremlin]

I'm typically a real estate guy or a longer term holder, but have been bored and had a little extra cash to play around with, so I've been fooling around a bit on the daily side. No big dollar amounts as I need to learn the game a more first, but I was able to buy HSDT at about $18, sold it all at $30, bought again at $19 and sold it all again at $22. Started at $1,000 and finished at $1,900. Not a bad day considering I was at work. I can see where this would be addicting, especially at real dollar amounts.

Yep you've got it down. I've got multiple longer term accounts that I never touch, but it's pretty fun to have a daily trading account that can generate some quick money for gas and bullets.

[uintafly]

So now that the cash printing machines are gonna be in overdrive for a few years, is gold or Bitcoin the place to be?

[rockgremlin]

So now that the cash printing machines are gonna be in overdrive for a few years, is gold or Bitcoin the place to be?


Depends. If you're a RobinHood trading millennial then bitcoin for sure.

[oldno7]

Another great day for MVIS

[rockgremlin]

Another great day for MVIS

Not as good as VSTO and anything cannabis related. Whoa Nellie!

[oldno7]

Another quick run up in MVIS in the first 10 min.

The way this stock is behaving, here lately is why I buy and sell short term.

[oldno7]

Now to see if we fill the gap and get another re buy.(MVIS)

Other option is a runaway.

[rockgremlin]

Other option is a runaway.


Looking more and more likely, unfortunately.

[oldno7]

Looking more and more likely, unfortunately.


Yep--a 20% morning run up.

[oldno7]

Today looks like a swing/long term high in most all pot stocks.

[oldno7]

Ford hit a technical low on Tues.

Should make new swing high, now.

[rockgremlin]

Today looks like a swing/long term high in most all pot stocks.


Yeah they're getting a little too "high" now.

A correction would be nice.

[uintafly]

So are we gonna talk about GME or what??? I remember way back last week when I sold at $60 and I thought I was so smart for making a 50% gain in 2 days. Then it goes and hits $240 today. Looks like some short sellers are having a worse year than QAnon.

What do you guys think about BBBY and AMC? I am up about 50% in BBBY and 100% in AMC. Just trying to decide when to cut and run on them.

[Iceaxe]

^^^I prefer to invest in blow and hookers as they are always in demand.

ROFLMAO

[rockgremlin]

So are we gonna talk about GME or what??? I remember way back last week when I sold at $60 and I thought I was so smart for making a 50% gain in 2 days. Then it goes and hits $240 today. Looks like some short sellers are having a worse year than QAnon.

What do you guys think about BBBY and AMC? I am up about 50% in BBBY and 100% in AMC. Just trying to decide when to cut and run on them.


What goes up must come down. Personally, I believe $150/share is WAY overvalued for Gamestop. To put that into perspective, compare to other companies that are perennial winners and produce a valuable commodity -- such as Newmont Mining ($61/share), Barrick Mining ($23/share), Exxon ($45/share), and get this --- Apple ($143/share).

When a video game store is valued over Apple, Inc. you know there's something wrong. I think once the speculative blush fades it will come crashing back to earth, and wo unto those who are still holding it. I'm sure the short sellers are licking their chops for the day GME gets that wake up call. I predict it'll be under $100 in less than a month.

If you're up 50% and 100% in anything I'd take profits now and reinvest. But that's just me -- I like to have my money today. Plus you never know when that big market correction is gonna happen -- it could be any day now since the market is getting overvalued.

[oldno7]

plan a trade--trade a plan

[uintafly]

Where’s the fun in that? Lol

You know what is fun though? Putting $4k in AMC on Friday at $3.21 and waking up this morning to see it over $15. I think I’m going to sell most of it, but I still wonder if it will continue to blow up.

[uintafly]

If you ever wondered if the system was rigged, today answered that question. I think Robinhood just dug their own grave this morning.

I am glad I pulled out of AMC yesterday at $17, but I sure would have jumped back in this morning when it was under $8. Sadly those swine at Robinhood pulled the plug on the good times. I guess it is time for me to move to a big boy brokerage. Who do you guys use?

[rockgremlin]

If you ever wondered if the system was rigged, today answered that question.


I guess it is time for me to move to a big boy brokerage. Who do you guys use?


Oh I've NEVER questioned if the stock market was rigged. It's obvious. One of the traders from WSB was recently quoted as saying that the "stock market is the largest casino in the world." Indeed it is. But...that's the system we live in. That casino is the reason why I'll have a retirement to live on when I get older (hopefully).


I use TD Ameritrade. I believe Oldno7 also uses TD regularly. It's a very good platform -- the instructional tools are great and customer service is also responsive and helpful.

[Iceaxe]

I use Charles Schwab, mostly because I've had an account there for 40 years and I've been grandfathered in on some deals you can't touch these days.

If I was starting over again I'd have to shop around to see who best meets me needs at what cost.

[devo_stevo]

The best explanation I've seen yet for what's happening.

https://www.youtube.com/watch?v=HWCpHrkHDpM

[Iceaxe]

...https://uploads.tapatalk-cdn.com/20210129/27c58cb43381209f18121bb386014aa6.jpg

[oldno7]

https://cdn.discordapp.com/attachments/804379902802526248/804592703744507975/8276f0da6eafcfca35eecf87397210bfa5e41048f98fea92c1 6467a8aefd34de.png

[rockgremlin]

Yesterday this story popped up on my news feed. Now the story no longer exists and the link is dead. I guess they don't want to glorify this Gamestop debacle any further.

96095

[rockgremlin]

REN, SERUM, VGX are the small stuff I'm currently loading up on consistently. I bought a couple grand of DOT and Link around 12 bucks, will just hold them. I also chip away at the usual suspects, ETH and BTC with anything extra per month. It's a pretty wild ride but a fun way to put away surplus cash. I still maximize my 401k and 401b accounts, this is just extra for somewhere down the line. Like my "break glass in case of emergency" fund.

I got 2500 shares of VGX at .90, that's working out really well. I think it'll be at $30 be end of year.


@DirkHammergate (http://www.bogley.com/forum/member.php?u=152) -- I moved this over from a previous thread.

I'll have to check these out. Crypto seems to be sputtering a little bit the last couple of days. I kind of thought it might happen since it blew right past $50,000 without taking a breather. It might be loading up to make another run soon. Who knows? Whenever I think crypto has overextended itself it lurches higher. I'd love to know how far DiscGo thinks it will go? The bitcoin cheerleaders in the media claim it will go up to $250,000.

Speaking of overextended....the market in general is pretty overbought these days, and it's high time for a decent correction. Since the last three days has seen some pretty decent volatility I think we're on the cusp of a pullback. I could see tomorrow shaping up to be a 'black Friday'.

[Iceaxe]

Ouch!!!

The last couple of days have been a blood bath.

Thanks Biden!

[DirkHammergate]

@DirkHammergate (http://www.bogley.com/forum/member.php?u=152) -- I moved this over from a previous thread.

I'll have to check these out. Crypto seems to be sputtering a little bit the last couple of days. I kind of thought it might happen since it blew right past $50,000 without taking a breather. It might be loading up to make another run soon. Who knows? Whenever I think crypto has overextended itself it lurches higher. I'd love to know how far @DiscGo (http://www.bogley.com/forum/member.php?u=501) thinks it will go? The bitcoin cheerleaders in the media claim it will go up to $250,000.

Speaking of overextended....the market in general is pretty overbought these days, and it's high time for a decent correction. Since the last three days has seen some pretty decent volatility I think we're on the cusp of a pullback. I could see tomorrow shaping up to be a 'black Friday'.

The volatility is pretty exhausting. My best friend got in on VGX with 64,000 @ .44 cents a share. I have 2500 .90, I literally get texts from him on the wild swings. I have to remind him that he's got to hold it for a year, we're both in capital gains territory (I ain't giving an extra 17% away on anything). The rests are going to be holds like I said before. It's literally wild to see stocks double or triple in 72 hours then drop to a loss, then repeat.

He told me he'd pay my house off when it goes to $50 a share. I only owe like 90k on it so I told him to throw in a new Toyota Tacoma while he was at it. Pain, suffering, and mental damages for a years worth of constant text messages and talking him off the ledge.

Yesterday was pretty good on my 401a and 403b, YTD return is 28.9% and 26.7% respectively.

I think Crypto is in for a reckoning sooner than later though. No empirical evidence, just doesn't seem as solid as the gains appear to make them be. I'm probably wrong though.

[rockgremlin]

I think Crypto is in for a reckoning sooner than later though. No empirical evidence, just doesn't seem as solid as the gains appear to make them be. I'm probably wrong though.


I tend to agree. But although crypto is massively oversold these days one thing is for certain...it's here to stay. I believe crypto (or some iteration of it) is going to be permanently assimilated into society much like the internet was in the 90's.


What's VGX? My trading platform claims it is not a tradeable stock. :ne_nau:

[nelsonccc]

I tend to agree. But although crypto is massively oversold these days one thing is for certain...it's here to stay. I believe crypto (or some iteration of it) is going to be permanently assimilated into society much like the internet was in the 90's.


What's VGX? My trading platform claims it is not a tradeable stock. :ne_nau:

He probably means VGX.X Voyager. It was below a dollar till January and is now at 5 something.

It's definitely a blood bath out there, red across most of the board. I've got a few saving graces that I luckily got in on when low (VSTO and MVIS) that are doing well.

Played around with some GME a bit and that was fun. I normally research, buy, and sit on it for 6 months. But on a whim I picked up 10 shares in early January at $20 and then offloaded those last week at a $100. I might have to look into being more active! Currently looking pretty hard at mining and rare metals.

[uintafly]

Excuse me, I'd like to speak with the manager. I was told stocks only go up?????

Jokes aside, what do you guys think about NVDA? I am pretty bullish long term on it. It keeps dropping and I keep buying. I started to buy last month at about $520 and have bought 6 more times since then. I was sitting pretty a few weeks ago, but it has been tanking for a while now. I bought a few more shares today when it hit $495, and it now consists of about 20% of my non retirement portfolio. The big red # is annoying but I am planning on holding this for a few years and expect it to be at $700 a year from now.

[rockgremlin]

He probably means VGX.X Voyager. It was below a dollar till January and is now at 5 something.

It's definitely a blood bath out there, red across most of the board. I've got a few saving graces that I luckily got in on when low (VSTO and MVIS) that are doing well.

Played around with some GME a bit and that was fun. I normally research, buy, and sit on it for 6 months. But on a whim I picked up 10 shares in early January at $20 and then offloaded those last week at a $100. I might have to look into being more active! Currently looking pretty hard at mining and rare metals.


I trade VSTO and MVIS sometimes as well. They both got destroyed today, especially MVIS. Might catch a bounce tomorrow.

Gold miners are starting to look alive again after a prolonged downturn. I think they'll do well from here now that the market has the jitters and folks are bailing out of stocks and into bonds.

A good etf to check out in times of high volatility downturns is UVXY -- when the market is all red UVXY is up big. And it's relatively cheap at under $10/share.

[rockgremlin]

Excuse me, I'd like to speak with the manager. I was told stocks only go up?????

Jokes aside, what do you guys think about NVDA? I am pretty bullish long term on it. It keeps dropping and I keep buying. I started to buy last month at about $520 and have bought 6 more times since then. I was sitting pretty a few weeks ago, but it has been tanking for a while now. I bought a few more shares today when it hit $495, and it now consists of about 20% of my non retirement portfolio. The big red # is annoying but I am planning on holding this for a few years and expect it to be at $700 a year from now.

Over the next few years I'd expect NVDA to rally back to it's previous highs although I'd hold off on buying any further shares right now though since it appears the market has entered somewhat of a correction. Even though NVDA has entered "oversold" territory, you can still probably get NVDA for cheaper in the next week or two. Fibonacci says you could probably get it for around $400 on a 50% retracement, though I'd ask a second opinion from oldno7, he's the fib grand master.

Market downturns are great - that's when you can scoop up bargains. Looks like NVDA has a decent dividend offering in 5 days too. :2thumbs:

[rockgremlin]

Brace yourselves fellas, Black Friday incoming!!

Tomorrow is going to be very, very ugly. Evidently, the Fed's Mr Powell didn't adequately address inflationary measures and so the market is going to express their displeasure by selling everything not related to energy. Add to that fear is spiking because the market is overly inflated and you've got the recipe for a 1,000 point down day tomorrow.

Easily closing under 30K tomorrow.

[Iceaxe]

^^^thanks Biden

[oldno7]

how bout them gas/fuel prices..

Thanks--biden

[oldno7]

Brace yourselves fellas, Black Friday incoming!!

Tomorrow is going to be very, very ugly. Evidently, the Fed's Mr Powell didn't adequately address inflationary measures and so the market is going to express their displeasure by selling everything not related to energy. Add to that fear is spiking because the market is overly inflated and you've got the recipe for a 1,000 point down day tomorrow.

Easily closing under 30K tomorrow.

Well---we're off to a slow start--+300 DJI

[rockgremlin]

Yeah, nevermind. :lol8:

I was watching stocks all afternoon into the evening and the stocks in my watchlist went from -4% to -8% and beyond. It was shaping up to look pretty nasty. Although maybe it was wishful thinking...I've been harping for weeks about how oversold the market is and about how badly a correction is needed.

I should quit my day job and start writing articles for Kitco and Yahoo Finance - I'm about as accurate. :haha:

[oldno7]

Or--stop making predictions and just trade...:mrgreen:

But the day is young....

The markets are always right, despite our preconceived notions...

[rockgremlin]

Look at the selloff in cannabis. :eek2:

Aphria down 8 bucks in three days. It's starting to look affordable now.

[oldno7]

Look at the selloff in cannabis. :eek2:

Aphria down 8 bucks in three days. It's starting to look affordable now.

Lots of good buys in that sector, today.

I picked up:

TLRY
ZYNE
CRON

But--I won't have em much longer, have already liquidated some.

Still holdin GOLD from a few days back, looking for a sell signal.

[oldno7]

Just sold off the rest of my TLRY in the EXT session.

GOLD is gone.

Lots of profits taken out of CRON and ZYNE but still holding a few, have EXT orders in to sell both but likely won't hit my price until Monday.

[Iceaxe]

Nuff said....
https://uploads.tapatalk-cdn.com/20210327/130551799c511316ae40cb56fb9ec336.jpg

[Kenny West]

I was going to buy some stocks of Tesla the other day but the whole situation on the stock market is somewhat unstable. A lot of analysts say the we are about to witness one of the greatest collapses in history. Hope they are wrong. instead I am paying more and more attention to other assets. They say it (https://libertex.com/blog/eos-price-prediction) can be potentially more profitable.

[Iceaxe]

Are Electric Vehicles The New Edsels?

What is weird about the debate over electric cars is that everyone (especially in Washington) is for them – except (most of) the people who actually buy and drive cars.

We have nothing against EVs, but all of this nonsense about Americans transitioning from gas-powered to battery cars seems fantastical to us. The Biden projections are that by 2035 nearly every car on the road will be electric.

We were struck by the analysis below showing the dispersion rate of great inventions over the past 100 years or so. The flat line at the very bottom of the chart is consumer adoption of electric vehicles. Battery-operated cars have been available for many decades, but no technology has been slower to catch on than EVs. As we’ve mentioned before in the HOTLINE, less than 2% of cars on the road today are Teslas or the like.*

So at least for the next two decades, Americans will be using tens of billions of gallons of gasoline, and we’re all in for making sure that this energy comes from Texas, Oklahoma, West Virginia, and North Dakota – not Russia, Iran, and Saudi Arabia.
https://uploads.tapatalk-cdn.com/20210702/bae20fa8998ad20fa63499477d3f74dd.jpg

[rockgremlin]

I was going to buy some stocks of Tesla the other day but the whole situation on the stock market is somewhat unstable. A lot of analysts say the we are about to witness one of the greatest collapses in history. Hope they are wrong.


You need to stop reading the news. All "the news" is is directed propaganda designed to create fear in the masses. This fear is what makes hedge funds BILLIONS of dollars every year from ignorant investors like you who sell all their stocks in anticipation of a crash.

[BasinCruiser]

What are some sure crack pipe manufacturing companies to invest in?

AFAF:2thumbs:

[Iceaxe]

What are some sure crack pipe manufacturing companies to invest in?

AFAF:2thumbs:
That's the problem, they are all Chinese companies. Why would the Biden administration support American manufacturing?
https://uploads.tapatalk-cdn.com/20220210/5107e447e20e2757f4c7945368fce579.jpg

[Iceaxe]

The stock market just took a giant sh!t today.

I'd like to kick Biden, and everyone that voted for him, right in the nuts.

[BasinCruiser]

They stock market has tanked more in the last week than it did when China Virus broke out. The market has more faith in a pandemic than it does in Bidens economy.

[BasinCruiser]

97327

[BasinCruiser]

97329

[Kenny West]

I recently made a purchase on the stock market and I have to say, it feels great to be a part of the game! Making smart investments is always a thrill, and I am happy to have made a good choice. However, with the fast-paced world of crypto, keeping up can be a challenge. That's where 3Commas comes in! :cool2:


3Commas is a platform that helps users grow their crypto investments using a feature-rich terminal. It's like having a personal financial advisor in your pocket! The platform provides a smart trading terminal that helps users make the best of paper trading. :naughty: This allows you to test your strategies and see what works best for you before investing real money.


3Commas also offers smart bots for crypto investors! These bots are specifically designed to help you maximize your profits and minimize your losses. The platform also offers a user-friendly interface, which makes it easy for beginners to get started. With 3Commas, you'll have access to all the tools you need to succeed in the world of crypto.


Check out the link to learn more about paper trading and smart bots for crypto investors! https://3commas.io/blog/paper-trading


Thanks a lot for sharing!

[Kenny West]

As we move further into a world dominated by digital assets, the need for robust security has never been more urgent. OneUp Saves offers a solution that’s as innovative as it is necessary. Imagine having a fortress where your digital wealth—cryptocurrencies, NFTs, and essential digital files—are protected with the utmost security. OneUp Saves is a blockchain-based platform designed to ensure that your assets remain safe, with encrypted storage and a decentralized structure that keeps you in full control. It’s not just about backing up your assets; it’s about owning them, managing them, and accessing them whenever you need. OneUp Saves integrates smoothly with various digital wallets, making it easier than ever to keep your assets secure yet accessible. Whether you’re a savvy investor or a business seeking to protect critical information, OneUp Saves is the vault you need for the digital age. In a world where data breaches and hacks are becoming more common, don’t take risks with your digital future. Discover more about how OneUp Saves can protect your assets by visiting https://oneupsaves.io. Your digital fortress awaits—don’t leave your assets unprotected.