StreetsofBeige
Gold Member
I couldnt take BB spiking and dropping. I cottonballed it dumping it for a 25% gain. lolstill rockin strong
I couldnt take BB spiking and dropping. I cottonballed it dumping it for a 25% gain. lolstill rockin strong
Yellen Says Higher Interest Rates Would Be ‘Plus’ for U.S., Fed
Treasury Secretary Janet Yellen said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates.www.bloomberg.com
kek
Any guesstimates on how much of a correction there will be when the Fed raises rates?
Judging by how overvalued everything is I'd guess 30-40% for the initial dip then who knows after that. The market is way overdue for a correction but the stimulus is gonna keep it going for a while longer. The buffet indicator is at an all time high (which doesn't even include all the money in crypto), the Shiller PE ratio is approaching 40 and margin debt is getting insanely high. When this thing falls its gonna be a rough for a lot of people, how soon it happens all depends on how high inflation gets.Any guesstimates on how much of a correction there will be when the Fed raises rates?
Aye, I just watched a video on naked shorts by Trey's Trades'. The dude has been recently cyber attacked by the powers that be, in the middle of an interview no less. This is getting juicy..Is the naked short theory going on around AMC legit? Is the ceiling really unquantifiable because no one knows the depth of the naked shorts?
I just did a deep dive on naked shorts and it’s extremely fucked. How do funds get busted or proven than they are doing naked shorting?
Is the naked short theory going on around AMC legit? Is the ceiling really unquantifiable because no one knows the depth of the naked shorts?
I just did a deep dive on naked shorts and it’s extremely fucked. How do funds get busted or proven than they are doing naked shorting?
Between the selling Buffett and Gates have been doing and everything you just listed I'm holding off on buying anything for a while. I'll keep adding to my IRA as I can but I'm just going to watch from the sidelines in my taxable accounts and let the dividends do the adding for now.Judging by how overvalued everything is I'd guess 30-40% for the initial dip then who knows after that. The market is way overdue for a correction but the stimulus is gonna keep it going for a while longer. The buffet indicator is at an all time high (which doesn't even include all the money in crypto), the Shiller PE ratio is approaching 40 and margin debt is getting insanely high. When this thing falls its gonna be a rough for a lot of people, how soon it happens all depends on how high inflation gets.
If you want my opinion I don't think you have anything to worry about this year. My original prediction was 2023 for this, I've recently been thinking late 2022 is more likely, but if inflation goes to 6% then I'm thinking mid-early 2022. I think something big has to happen for it to happen in 2021.Between the selling Buffett and Gates have been doing and everything you just listed I'm holding off on buying anything for a while. I'll keep adding to my IRA as I can but I'm just going to watch from the sidelines in my taxable accounts and let the dividends do the adding for now.
Am I missing something? The stock price only went up $10 today then right back down.holy shit, Biogen's drug got approved: https://www.fda.gov/drugs/news-even...sion-approve-new-treatment-alzheimers-disease
I tossed in a bid for $290.00 flat during the halt. lol Doubt I'll get it.holy shit, Biogen's drug got approved: https://www.fda.gov/drugs/news-even...sion-approve-new-treatment-alzheimers-disease
Am I missing something? The stock price only went up $10 today then right back down.
Edit: Nvm missed the $15 gain when the market opened.
I tossed in a bid for $290.00 flat during the halt. lol Doubt I'll get it.
Oh I didn't realize this literally just happened, there's no time on the FDA website just a date.It's halted. Expecting a gap up after trading resumes.
It's just strange that these guys did so much selling in Q1. I have limited capital right now anyway so I'm not trying to make it out to be a sky is falling scenario, if I see a great deal I'll jump on it. I also thought if a major correction was going to happen we wouldn't see it til early next year at the earliest but with the big boys already making so many bearish moves it's given me a bit of pause.If you want my opinion I don't think you have anything to worry about this year. My original prediction was 2023 for this, I've recently been thinking late 2022 is more likely, but if inflation goes to 6% then I'm thinking mid-early 2022. I think something big has to happen for it to happen in 2021.
Not sure if you can completely follow their moves because they probably have a lot of tax considerations affecting their decisions too. I'd guess you can assume they think what they were in will fall and what they've moved into will rise, or at least fall less, but I don't think you can necessarily read into when that will happen in the short term. I think you could safely say they expect it before the end of 2022, because those are the tax years affected.It's just strange that these guys did so much selling in Q1. I have limited capital right now anyway so I'm not trying to make it out to be a sky is falling scenario, if I see a great deal I'll jump on it. I also thought if a major correction was going to happen we wouldn't see it til early next year at the earliest but with the big boys already making so many bearish moves it's given me a bit of pause.
Holy shit. +50%.LOL wow, there it goes.
Holy shit. +50%.
Damn, I checked my order. My $290 hail mary didnt get filled. lol. Canceled the order.
You're totally right. It's just that when Warren "Hold Forever" Buffett starts selling large stakes and a good friend of his in Gates does the same it gets me nervous.Not sure if you can completely follow their moves because they probably have a lot of tax considerations affecting their decisions too. I'd guess you can assume they think what they were in will fall and what they've moved into will rise, or at least fall less, but I don't think you can necessarily read into when that will happen in the short term. I think you could safely say they expect it before the end of 2022, because those are the tax years affected.
Damn memes are back. Mighta bailed on BB too soon. Oh well.
Holding meme stocks finally paying off.
Any GME bag holders at 300? U got some balls.
Had Clover on my watchlist for a month at $9. Now popping to $16.
Shit. Too late. I'm not diving in. At $19 now. These damn meme stocks rocket up too fast. Unless it's a super prolonged upward swing, you got to get in on it within 24 hrs or the boat already left the dock.High of almost $25 today.
All the attention seems to be on that now as the next short squeeze play. Triple the volume of AMC so far today so the attention looks to be shifting.
Shit. Too late. I'm not diving in. At $19 now. These damn meme stocks rocket up too fast. Unless it's a super prolonged upward swing, you got to get in on it within 24 hrs or the boat already left the dock.
Aside from Nokia flipping in Jan, I dont day trade. Although during these weird runs the past half year I might do a flip during the same week.I just day trade 'em. Set the stops tight and ride the rocket. The market is in easy money mode again for day traders.
Aside from Nokia flipping in Jan, I dont day trade. Although during these weird runs the past half year I might do a flip during the same week.
I didn't even know Clover hit $25 till you told me and I checked. Was in a boring conf call for 90 mins in the morn and wasnt watching my watchlist.
You making good money on this stuff? I've flipped Nokia and BB a few times. Also got lucky on Michaels stores buy out which I bought due to high short ratio, but they ended up getting bought. lol
Hope you and everyone is making good cash. Been a great 6 months for anyone with balls to dive into meme stocks.
My portfolio has been edging higher. And though I'll still dabble with weird stuff like Trivago again and LSPD, I've been shifting winnings to 3-5% dividend stocks. I've never had so many stocks yielding about 4%.The last week or so has been great for me personally but you need to be sat at your computer for at least a few hours at a time undistracted for it to be worth it.
I have my charts set up to trade on a combination of RSI and slow stochastic (both in oversold = buy and sell when it breaks under overbought) and it's been working great on AMC, WKHS along with CLOV today. Anything on the WSB/reddit hit list has been a prime target for this.
In the last couple of weeks I've spent about an hour pre market mapping out key support/resistance points for the things I anticipate trading so that I'm clear on my entry/exit/stop points dependant on how it's moving. The stocks require heavy volume for it to work though, if there's no volume it's a crap shoot and a gap down can kill you. That's why the last week has been so good, the volume has really been flowing in to a lot of stocks in the $10-$50 range.
Any profits I'm making I'm just putting straight in to any dividend stocks in my portfolio if they are in my "buy range", the rest I'm just holding on to until the next dip in the market.
Edit:
This is a great YT channel to check out for day trading tips/techniques:
Their market open show is fantastic as well.
My portfolio has been edging higher. And though I'll still dabble with weird stuff like Trivago again and LSPD, I've been shifting winnings to 3-5% dividend stocks. I've never had so many stocks yielding about 4%.
Some of these high yield stocks were jackpots if you got in during covid meltdown. Amazing if you got in at the low, some I tracked would had paid 15-20% yield and they continued paying it out the whole time. Missed out.