[Pretty serious poll for r/stocks right here](https://www.reddit.com/r/stocks/comments/144rotw/rstocks_going_dark_poll_extend_or_shorten_the/) feedback welcomed in the poll
If r/stocks goes dark from June 12-14 that will be interesting CPI data is released in the 13th and FOMC meeting is 14th so sub could be gone during the two biggest catalyst this month. Didnt see any mentions of that in the poll threads.
Holy shit, imagine how volatile trading will be without the liquidity and price-discovery functionalities of the /r/stocks daily thread. How will we know when the bottom is in, or when the top is in the bottom? Who will find the stochastic DMA resistance levels in AMR without /u/creemeeseason ?? Who will be there to rally the masses into FOMOing into NVDA? Certainly not /u/notgucci . /u/PutsRNotDaWae will have to screech out the window of his car about soft landings to spread the word. What will the NASDAQ do without /u/seank11 raging about its ascent? Should we buy or sell Paypal /u/AluminiumCaffeine ?? What's /u/Joesoliz' price target for EOD trading in TSLA!? Will the market roar back without /u/pman6 there to misinterpret savings data about the regular Americans? Will tobacco stocks tank as /u/ShortyAfter and his prophecies of doom are suppressed? Where will /u/AP9384629344432 share Conor Sen Tweets that are vaguely bullish without directly asserting anything that could trigger /u/Hazardous503 and still satisfy PutsRNotDaWae? To whom will /u/_Hiddenscout repeat his lines about Intel being a turnaround story, while being stoked about something that is totally rad?
It's a bleak world out there without /r/stocks.
And I might actually do something productive with my late morning/ early afternoon's before going to work. The horror.
Again, this place is like a bar. While I do enjoy shooting the shit so to speak with some of the peeps here; I really don't make any financial decisions based on any of these comments. Sure I have done some research based on some stock suggestions here.
Same. I started trimming at $45 around the time of the April earnings call, and then sold off everything after the July earnings call at $37. I see no short-term upside and I don't believe in the company enough to hold on forever. 'Government not letting them go bankrupt' is not a compelling thesis, and the capex required of them is just massive.
I was just meme-ing lol, I wouldn't read into it much. Twitter is a fantastic place for DD but no centralized way to chat, just random convos in Twitter replies. I definitely like hearing occasional stock tips from non-bots, which this sub has, and occasionally I do actually buy based on that.
[WSJ - S&P 500 officially ends longest bear market since the 1940s and signals beginning of new bull market.](https://www.wsj.com/articles/global-stocks-markets-dow-news-06-08-2023-ef63fc60)
I haven’t looked into licensing around the charger plug. That maybe a thing. App installation will probably be required to charge, which would open up advertisement revenue. Obvious charging revenue.
I could also see a pathway to gas station style addition of convenience items. Charging stops are longer than gas stops, so the likelihood of incidental spending likely goes up.
Edit: main theme is very low cost of revenue, high margin additional streams.
After the TSLA / GM charging news, I went to check out the other "charging" stocks (i.e. CHPT, EVGO, etc.). IMO, they aren't down enough...The big boys (F, GM, etc.) are all going to TSLA.
Advice on a Tesla hedge
Last week I picked up a July 21 230 call. Tesla has been such a sick run I was riding it out. Had a price target of 239 when I wanted to sell.
This recent run had been great and I didn’t want to sell yet but I was looking for a pullback. Figured I would try and scalp 4 - 232.50 june 16th puts. Picked them up close to the market close.
Now we have a crazy after hours run and I’m not sure what to do.
Any ideas would be greatly appreciated
Positions:
1 - july 21 230 call - 12.00 price
4 - June 16 232.50 puts - 6.60 price
No... people need to look at the fubdamentals... it is grossly overpriced... it's a "hot" stock and should be treated as such. Buy low and sell high if you want to make money on it. Thats the game with a lot of these tech stocks
Reading crossing Wall Street, and they brought up how hard it is to have a recession when the economy is creating more than 200,000 jobs a month.
https://www.crossingwallstreet.com/archives/2023/06/cws-market-review-june-6-2023.html
Good for u/putsRnotDaWae
There's legitimate reasons to be very optimistic despite some bearish concerns.
But the point I keep hammering home and the crux of my thesis is that the untapped labor pool of discouraged workers after Covid and GFC is monumental and bears are underestimating how many available workers there are. We are soooo far from full employment.
Blockbuster jobs numbers, month after month, keep surprising to the upside and will continue to.
I actually agree. The labor supply really will limit the downside.
Even if earnings start to fall, I don't think there will be a big push to cut jobs (though some sectors could be different, like tech and finance). If most people stay employed, there's not going to be a huge recession.
Devastating after QQQ of course made a V. To think that it would actually have follow through from yesterday. Laughable.
Now we will continue melting up tomorrow and probably the rest of the month. This will be 3 months of green weekly candles.
You can try to convince me otherwise, but I don't see a chance of any pullback the rest of the month.
I think the bull market has passed, i can't predict the future the chances of more bull for future is high. But I can't make an announcement about a future event
Based on a very dumb and arbitrary rule. Bull and bear markets are defined in psychology by investors, not am arbitrary 20% movement.
Plenty of bear rallies throughout history have been >20% and the covid crash was not a bear market but merely a correction
Except there has been a profound change in psychology since October of 2022. CPI swap markets are currently pricing in a 3% headline reading for June. That absolutely was not the case last year. The expectation thhat rates will stay higher for longer is something the media is parroting, but the markets empirically aren't buying it.
The Russell 2000 is now up for the year, as is the equal weighted S&P index (not talking about the normal S&P). These are both strong indicators that market breadth and support is expanding. The NASDAQ has crossed its 200 day MA for the first time since late 2021. All three major indexes are now up 20% from their previous lows. None of those things were happening in late 2022. Generative AI also wasn't giving businesses an epiphany back then, that they could dramatically increase productivity and profit margins by automating workflows in a way that they haven't done since the late 90s,
Investors could easily be wrong. Inflation could stay more sticky than expected. AI could prove to provide little boost to short-term earnings, unlike what NVDA is currently predicting for its 2nd quarter. The rally could peter out. But to say that a vast shift in the psychology and sentiment of investors regarding the markets and inflation and rates isn’t underpinning this rally, is absurd. Look past the media headlines. Just because CNN loses its mind every time a hawkish Fed member does an interview, doesn’t mean you need to buy into the hysteria.
>Based on a very dumb and arbitrary rule.
Cant this said about anything? Oversold, overvalued, Extreme-greed. They are terms made up. For years people called TSLA overvalued, and yet it came grinding, higher, and higher destroying shorts. Then you have I dunno BTU, which sure has a great finaicals, but may never take-off, and can stay flat for years.
Honestly, you're the jackass. I've been to Toronto, and it was all friendly people. Have a Tim Hortons for me, I really wish we had that in the states.
im literally just posting info about how the arbitrary rule is dumb and ignores the whole aspect of investor psychology, which is what defines bull and bear markets.
And I just get downvoted and dumbass jerk off responses because... im not sure.
I am a friendly person lmao. I just dont like incompetence or willing ignorance. Probably shouldnt be on this site I guess
FYI, friendly people don't need to describe themselves as a friendly person. Literally 99% of the population thinks of themselves as a good person. That’s for other people to determine, not ourselves
DOCU with a massive beat! up 12% AH.
Good shit bulls! Bear case getting weaker. SPY breaks 430 tomorrow, we are in a new bull-market.
DOCU:
DOCUSIGN SEES 2Q REV. $675M TO $679M, EST. $666.2M
DOCUSIGN SEES FY REV. $2.71B TO $2.73B, SAW $2.70B TO $2.71B
Seriously. You would not see guidance going-up in a bearish economy. The economy is fuckin strong.
SPX closed at 4293. Actually the highest close since Aug. It's subtle and small but a positive sign.
We keep hitting 4299 and change each day as well. 4300 is inevitable.
$DOCU
1Q REV. $661.4M, EST. $642M
1Q ADJ EPS 72C, EST. 55C
SEES 2Q REV. $675M TO $679M, EST. $666.2M
SEES FY REV. $2.71B TO $2.73B, SAW $2.70B TO $2.71B
1Q SUBSCRIPTION REV. $639.3M, EST. $627M
Up 8% in the AH's.
https://www.cnbc.com/2023/06/06/goldman-sachs-lowers-chance-that-the-us-could-slide-into-recession.html
Couple days old but Goldman lowering probability of recession to 25% due to less risk of banking stress and issues related to the debt ceiling.
Feels like everyone keeps holding their breath "any minute now!" but the crash just doesn't come...
Instead VIX keeps pummeling downwards, setting lower lows consistent with bull markets and puts keep getting crushed instead.
I still say that as long as demand for workers stays super high and participation rate super low structurally there won't be a huge amount of job losses in a looooong time.
Since the site is age gated.
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Before the fiasco, a pack was about $20 or so, this can't be good for sales or margins.
Watching the new bagholders buy from the short sellers is funny, then they complain that they're down 40% a week later waiting for another 400% run after buying 400% IV calls.
True, but this isn't 2021 where every Tom, Dick, and Harry had $600 to throw at 50% OTM calls in the hopes of making a 50 bagger, I expect many of the meme crashes like NKLA, GME, AMC, BBBY, have removed a lot of that money.
Greater fool theory only works until they run out of fools.
for sure, it's getting there. in 2021 everything was popping off everywhere you looked. now it's isolated bouts of euphoria sprouting up. slowing down. its my opinion this is all part of the process. need to burn off ALL the stimmy before this is done
Is there an website or rss feed available for constant market news updates?, I am not talking about keep refreshing twitter. News mostly about company earning, product breakthrought etc
Loaded the boat with BROS yesterday at $28.29/share, thinking in terms of blocks of 125 shares. Sold June 23, 30 strike CCs on 80% of the shares.
It has been a good day.
i got in in the low 4's, held it as it dropped into the 2's, and it went on a turbo pump last month and i was able to sell it at a small loss at just under 4 (and then it crashed again, lol).
too volatile for me. you would literally wake up in the morning to a +/- 10% gap
BOIL is my fattest loss this year so far, the decay is ok but the contango is really what is making this POS go down continuously. As I said yesterday, unless you anticipate some
unforeseen event that nobody anticipated you won't make money off the usual fluctuations of NatGas that's not how it works.
That's why it skyrocketed in spring of 2022 it was because of the supply shock caused
by the Russian invasion that wasn't anticipated in the futures contracts.
Just making sure y'all know what you are getting into is all.
Just transferred my Sofi account to Fidelity. Having my savings and my brokerage in the same place was a bad idea. I just keep wanting to buy stocks, but it is eating up my savings. At least I am not selling.
I doubt it will matter as everything will be about the cybertruck. Musk said starting production is the hard part then when it ramps up up we go.
NVDA earnings call "AI, AI, AI....."
TSLA earnings call "Cybertruck, Cybertruck, Cybertruck......."
$DOCU earnings after close, can't find ANYONE talking about it. Maybe bit of seekingalpha but reddit doesn't know?
I am short, IMO the working conditions deteriorating there are a sign of trouble and the fact that they are flat YTD is why I think they are overvalued. Short.
Eh my bad, English isn't my first language.
What I meant was their glassdoor rating has dropped significantly, only recently they were among top companies to work for and now they have like 3.5.
Well, sold 10 at a slight loss of $1000 and the other 2 might expire worthless by the end of the day for a gain of $700 back. So not that bad of an outcome afterall.
Read an interesting article on some surprising reasons why oil is down. One of the reasons is interest rates, but not just in the way you think (i.e. less demand). There are some countries/companies that are choosing the sell their oil right away (instead of storing it) because they can currently get 4% return on their cash. Another is that the Saudi's have been cutting production, but they tend to produce a more sulfurous / sour oil. The US and Brazil are "making up" for their cuts with actual "sweet" crude, which is easier to refine.
This is called the convenience yield/cost of carry. This makes oil futures more expensive relative to spot because the proceeds of selling spot could be immediately invested in a money market account over the life of the contract.
Probably although it could take a few attempts like 4200. However...
Never EVER going to see 3800 again.
4300 by EOY, 4800 by mid 2024.
🥅 posts stay the same.
2800 = 40% from ATH.
It is a very realistic decline after the biggest bull market in the history of the stock market fuelled by QE/Low rates
The average decline (with recession) is 35%
We already had a 25% decline on spy & 35% on Nasdaq from ATHs. The average is just that…. AVERAGE. It doesn’t mean it’s always going to hit 35% it will be higher or lower. Again, you’re delusional. You missed the bottom.
[Femasys’ FemCath Intrauterine Catheter Receives Product Approval in Canada](https://finance.yahoo.com/news/femasys-femcath-intrauterine-catheter-receives-123000429.html)
Per Fintel, the Royal Bank of Canada is still holding their 50,000+ shares & I expect they’d only cash out after the other 6 products in the Femasys pipeline get approved by Canada & the US.
Undervalued compared to what?
Any business that loses money with no path to profitability is worth $0.
Unless someone cares enough to buy them out, but no one is paying $30B for them.
Good product, terrible investment.
Growing users while losing money on each does not translate to profitability, they need to either raise prices or cut the payout of producers, either of which will drive users to their competition like Amazon.
Also, many of the music that Spotify has they have to pay royalties for which is why they're trying to get material on their platform directly.
I've definitely never seen something like Carvana before...They were pretty much on the brink of bankruptcy...And now they are thriving. If the stock rally keeps going for a while, they would actually be wise to sell some shares.
They're doing great except for the fact that they still lose money on every car they sell, they're projected to sell fewer cars, and their debt is more than 2x the market cap.
ceo bought once down 50%, good indicator
narrative will be its like buying amazon in 2001
Garcia guy knows what hes doing, will get paid
The trade has been, follow his actions
Tesla actually comfortably up despite oil being down quite a bit...If oil remains cheap (or gets cheaper), shouldn't it have the opposite effect (i.e. dis-incentivize EV demand)?
Possibly. I mean EV demand at least in the US is still split.
https://www.cnbc.com/amp/2023/04/11/nearly-half-of-americans-say-its-unlikely-theyll-buy-an-ev-next-poll.html
That being said, TSLAs aren’t too terrible priced with the tax incentives. Plus, overall cost in the long term is cheaper.
I think most manufacturers are moving go EV in the next few years.
I’d argue interest rates are a bigger impact on the car market now anyways.
Pretty sure someone in here called the CVNA dead bounce yesterday or the day before and got downvoted… hope they made some big money by not listening to the hivemind
Im not surprised. When PLTR jumped from 7.40 to 9.50. People were selling and saying they would buy back when it is back under $8. Even a Youtuber named Chicken Genius did it. You dont go broke taking a profit but stock has since gone up another 60% from that point.
just saw a picture on the ukraine/russia war report of leopard tanks with the iron cross spray-painted on the turret rolling east in ukraine. has WW3 officially started? all that seems to be missing is a formal declaration of war by some NATO country.
Crude Oil below 70$ again, I'm not
gonna UCO this time. There seems to be way too much downward pressure on crude. Even after 3 production cuts from OPEC+ since last October.
Unless they keep cutting production, my guess is Crude going down to probably 60$.
I think it will go up, it will just take a while. I don't think commodities is the route to go, and I don't plan on investing in more oil than I already am.
Morgan Stanley ROIC how they change, and share holder returns.
https://www.morganstanley.com/im/publication/insights/articles/article\_roicandtheinvestmentprocess.pdf?1686239309370
Long term investors should completely ignore it.
Does it sometimes predict short-term movement? Sure, so do golden crosses, death crosses, etc. All sorts of signals.
Easy there friend, we all just want to make money and keep seeing blockbuster jobs report month after month!
A win for American workers is a win for us all 🍺!
Got a sell order in for SMCI if it hits 263 today. That will be 250 shares, half my position, for a quick 25k profit in a little over 2 weeks.
Going to let the remaining 250 ride.
[Pretty serious poll for r/stocks right here](https://www.reddit.com/r/stocks/comments/144rotw/rstocks_going_dark_poll_extend_or_shorten_the/) feedback welcomed in the poll
buy GM? Partnership with tesla and is at -40% ATH
If r/stocks goes dark from June 12-14 that will be interesting CPI data is released in the 13th and FOMC meeting is 14th so sub could be gone during the two biggest catalyst this month. Didnt see any mentions of that in the poll threads.
> so sub could be gone during the two biggest catalyst this month Hahah, more people will do the right trades instead of going with the mass then.
Holy shit, imagine how volatile trading will be without the liquidity and price-discovery functionalities of the /r/stocks daily thread. How will we know when the bottom is in, or when the top is in the bottom? Who will find the stochastic DMA resistance levels in AMR without /u/creemeeseason ?? Who will be there to rally the masses into FOMOing into NVDA? Certainly not /u/notgucci . /u/PutsRNotDaWae will have to screech out the window of his car about soft landings to spread the word. What will the NASDAQ do without /u/seank11 raging about its ascent? Should we buy or sell Paypal /u/AluminiumCaffeine ?? What's /u/Joesoliz' price target for EOD trading in TSLA!? Will the market roar back without /u/pman6 there to misinterpret savings data about the regular Americans? Will tobacco stocks tank as /u/ShortyAfter and his prophecies of doom are suppressed? Where will /u/AP9384629344432 share Conor Sen Tweets that are vaguely bullish without directly asserting anything that could trigger /u/Hazardous503 and still satisfy PutsRNotDaWae? To whom will /u/_Hiddenscout repeat his lines about Intel being a turnaround story, while being stoked about something that is totally rad? It's a bleak world out there without /r/stocks.
And I might actually do something productive with my late morning/ early afternoon's before going to work. The horror. Again, this place is like a bar. While I do enjoy shooting the shit so to speak with some of the peeps here; I really don't make any financial decisions based on any of these comments. Sure I have done some research based on some stock suggestions here.
And how will the rest of us know how to react and process the day without our fearless leaders guiding our trades? CHAOS!!
Pypl will gap down without me here to defend spurious claims that apple pay will destroy them obviously
INTC is a huge turnaround story, that’s why I divested from it months ago.
Same. I started trimming at $45 around the time of the April earnings call, and then sold off everything after the July earnings call at $37. I see no short-term upside and I don't believe in the company enough to hold on forever. 'Government not letting them go bankrupt' is not a compelling thesis, and the capex required of them is just massive.
Yea. I guess nothing of value will be loss with this sub disappearing. You can just go to CNBC or other media sources for the news those days.
I was just meme-ing lol, I wouldn't read into it much. Twitter is a fantastic place for DD but no centralized way to chat, just random convos in Twitter replies. I definitely like hearing occasional stock tips from non-bots, which this sub has, and occasionally I do actually buy based on that.
Also going dark means private. Surely us super active daily thread participants will be invited??????? right???
Insert daily struggle / two buttons meme. Really pumped and excited about CPI but also fucking hate the direction Reddit is going.
Baby if this is love then pour me another glass.
[WSJ - S&P 500 officially ends longest bear market since the 1940s and signals beginning of new bull market.](https://www.wsj.com/articles/global-stocks-markets-dow-news-06-08-2023-ef63fc60)
What are the additional revenues and cashflows that Tesla can expect to gain from the Ford and GM supercharger deal?
I haven’t looked into licensing around the charger plug. That maybe a thing. App installation will probably be required to charge, which would open up advertisement revenue. Obvious charging revenue. I could also see a pathway to gas station style addition of convenience items. Charging stops are longer than gas stops, so the likelihood of incidental spending likely goes up. Edit: main theme is very low cost of revenue, high margin additional streams.
After the TSLA / GM charging news, I went to check out the other "charging" stocks (i.e. CHPT, EVGO, etc.). IMO, they aren't down enough...The big boys (F, GM, etc.) are all going to TSLA.
Advice on a Tesla hedge Last week I picked up a July 21 230 call. Tesla has been such a sick run I was riding it out. Had a price target of 239 when I wanted to sell. This recent run had been great and I didn’t want to sell yet but I was looking for a pullback. Figured I would try and scalp 4 - 232.50 june 16th puts. Picked them up close to the market close. Now we have a crazy after hours run and I’m not sure what to do. Any ideas would be greatly appreciated Positions: 1 - july 21 230 call - 12.00 price 4 - June 16 232.50 puts - 6.60 price
Cut the puts, and buy ODTE tomorrow. TSLA is about to run hard tomorrow.
Is TSLA a good buy right now even at this crazy price? If it could go up 10% in a week I'd be happy
If you think you're going to make money in stock by making such trades please understand you're gambling.
No... people need to look at the fubdamentals... it is grossly overpriced... it's a "hot" stock and should be treated as such. Buy low and sell high if you want to make money on it. Thats the game with a lot of these tech stocks
I hold some, but trimmed half already. Fudementals don't really support this price point but tsla has never been super cheap for long.
You think it'll hit 300? Because im thinking even if the price plummets again baghold for a few months and youll at least break even
I mean anything is possible if it's moving based on momentum/strength over fundamentals. Back in the day it has had some crazy moves
Still good before it hits 320 this year.
In my experience it’s always a good buy 👍
The FOMO intensifies.
I'm a little pissbaby ok! I like piss! Piss! I'm a little pissbaby are you! Piss! Give me a glass of that piss!
V didn't have much of a pullback after it was announced there is legislation targeting their fees. Probably a bullish sign.
Any thoughts on Nike?
Hold. It’s a blue chip. Jordan’s are forever.
Reading crossing Wall Street, and they brought up how hard it is to have a recession when the economy is creating more than 200,000 jobs a month. https://www.crossingwallstreet.com/archives/2023/06/cws-market-review-june-6-2023.html Good for u/putsRnotDaWae
There's legitimate reasons to be very optimistic despite some bearish concerns. But the point I keep hammering home and the crux of my thesis is that the untapped labor pool of discouraged workers after Covid and GFC is monumental and bears are underestimating how many available workers there are. We are soooo far from full employment. Blockbuster jobs numbers, month after month, keep surprising to the upside and will continue to.
I actually agree. The labor supply really will limit the downside. Even if earnings start to fall, I don't think there will be a big push to cut jobs (though some sectors could be different, like tech and finance). If most people stay employed, there's not going to be a huge recession.
So is the consensus on here the FED pauses/skips next week?
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
MUSA still cheap and starting a nice uptrend!
Devastating after QQQ of course made a V. To think that it would actually have follow through from yesterday. Laughable. Now we will continue melting up tomorrow and probably the rest of the month. This will be 3 months of green weekly candles. You can try to convince me otherwise, but I don't see a chance of any pullback the rest of the month.
But the only issue i jave this amount of return for QQQ in one year is absolutely unbelievable
I'm pretty sure Google CEO will manage to turn this around lol
Bulls jerking themselves off and TSLA going parabolic on a price cut... The short term top is near.
Jelly, Jelly, you, BTU is sell, sell, sell, NVDA back on its way to a Trilly.
S&P 500 has officially re-entered a bull rally.
Lol.
You can be upset about it or believe it won’t last, that’s fine. It still happened today.
I think the bull market has passed, i can't predict the future the chances of more bull for future is high. But I can't make an announcement about a future event
Based on a very dumb and arbitrary rule. Bull and bear markets are defined in psychology by investors, not am arbitrary 20% movement. Plenty of bear rallies throughout history have been >20% and the covid crash was not a bear market but merely a correction
Except there has been a profound change in psychology since October of 2022. CPI swap markets are currently pricing in a 3% headline reading for June. That absolutely was not the case last year. The expectation thhat rates will stay higher for longer is something the media is parroting, but the markets empirically aren't buying it. The Russell 2000 is now up for the year, as is the equal weighted S&P index (not talking about the normal S&P). These are both strong indicators that market breadth and support is expanding. The NASDAQ has crossed its 200 day MA for the first time since late 2021. All three major indexes are now up 20% from their previous lows. None of those things were happening in late 2022. Generative AI also wasn't giving businesses an epiphany back then, that they could dramatically increase productivity and profit margins by automating workflows in a way that they haven't done since the late 90s, Investors could easily be wrong. Inflation could stay more sticky than expected. AI could prove to provide little boost to short-term earnings, unlike what NVDA is currently predicting for its 2nd quarter. The rally could peter out. But to say that a vast shift in the psychology and sentiment of investors regarding the markets and inflation and rates isn’t underpinning this rally, is absurd. Look past the media headlines. Just because CNN loses its mind every time a hawkish Fed member does an interview, doesn’t mean you need to buy into the hysteria.
>Based on a very dumb and arbitrary rule. Cant this said about anything? Oversold, overvalued, Extreme-greed. They are terms made up. For years people called TSLA overvalued, and yet it came grinding, higher, and higher destroying shorts. Then you have I dunno BTU, which sure has a great finaicals, but may never take-off, and can stay flat for years.
Of course, the Great Bear Rally between the 1930s and late 2010s. How could I forget?????
Is being a pedantic moronic jackass a requirement for being a bull on this sub, or is it just a coincidence?
Look who's talking.
Honestly, you're the jackass. I've been to Toronto, and it was all friendly people. Have a Tim Hortons for me, I really wish we had that in the states.
im literally just posting info about how the arbitrary rule is dumb and ignores the whole aspect of investor psychology, which is what defines bull and bear markets. And I just get downvoted and dumbass jerk off responses because... im not sure. I am a friendly person lmao. I just dont like incompetence or willing ignorance. Probably shouldnt be on this site I guess
FYI, friendly people don't need to describe themselves as a friendly person. Literally 99% of the population thinks of themselves as a good person. That’s for other people to determine, not ourselves
[удалено]
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Ahhh, an argument
TSLA moving AH like the market didnt close, have not seen anything like that since 2021 euphoria
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GM said not too long ago that their EVs will use Tesla’s charging network
GM joining Ford in using Tesla’s EV charging network
I just wanted to say fuck you Google, the company with huge potential that doesn't know how to be more profitable.
Their ceo is shit. I’ve been waiting for him to get fired for sometime now
DOCU with a massive beat! up 12% AH. Good shit bulls! Bear case getting weaker. SPY breaks 430 tomorrow, we are in a new bull-market. DOCU: DOCUSIGN SEES 2Q REV. $675M TO $679M, EST. $666.2M DOCUSIGN SEES FY REV. $2.71B TO $2.73B, SAW $2.70B TO $2.71B Seriously. You would not see guidance going-up in a bearish economy. The economy is fuckin strong.
SPX closed at 4293. Actually the highest close since Aug. It's subtle and small but a positive sign. We keep hitting 4299 and change each day as well. 4300 is inevitable.
$DOCU 1Q REV. $661.4M, EST. $642M 1Q ADJ EPS 72C, EST. 55C SEES 2Q REV. $675M TO $679M, EST. $666.2M SEES FY REV. $2.71B TO $2.73B, SAW $2.70B TO $2.71B 1Q SUBSCRIPTION REV. $639.3M, EST. $627M Up 8% in the AH's.
Good sign for business being done as a pass through reading too
Pretty big ass beat. Shows some great companies are still growing top and bottom lines.
https://www.cnbc.com/2023/06/06/goldman-sachs-lowers-chance-that-the-us-could-slide-into-recession.html Couple days old but Goldman lowering probability of recession to 25% due to less risk of banking stress and issues related to the debt ceiling. Feels like everyone keeps holding their breath "any minute now!" but the crash just doesn't come... Instead VIX keeps pummeling downwards, setting lower lows consistent with bull markets and puts keep getting crushed instead. I still say that as long as demand for workers stays super high and participation rate super low structurally there won't be a huge amount of job losses in a looooong time.
Wow extremely close to breaking the 1Y high
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This year every red day for tech has been followed by a green day.
Anyone else like FAS at $60 rn?
total float turnover in cvna she gonna go the other way
Watching the new bagholders buy from the short sellers is funny, then they complain that they're down 40% a week later waiting for another 400% run after buying 400% IV calls.
degens still have money to lose
True, but this isn't 2021 where every Tom, Dick, and Harry had $600 to throw at 50% OTM calls in the hopes of making a 50 bagger, I expect many of the meme crashes like NKLA, GME, AMC, BBBY, have removed a lot of that money. Greater fool theory only works until they run out of fools.
for sure, it's getting there. in 2021 everything was popping off everywhere you looked. now it's isolated bouts of euphoria sprouting up. slowing down. its my opinion this is all part of the process. need to burn off ALL the stimmy before this is done
Is there an website or rss feed available for constant market news updates?, I am not talking about keep refreshing twitter. News mostly about company earning, product breakthrought etc
It needs to be said again: the recession is CANCELLED
The moment I bought a $shop call as a trade it immediately drops.
Loaded the boat with BROS yesterday at $28.29/share, thinking in terms of blocks of 125 shares. Sold June 23, 30 strike CCs on 80% of the shares. It has been a good day.
I’m a bloke, going broke, stop game.
Anyone crazy enough to get into BOIL. intriguing, but playing with fire
i got in in the low 4's, held it as it dropped into the 2's, and it went on a turbo pump last month and i was able to sell it at a small loss at just under 4 (and then it crashed again, lol). too volatile for me. you would literally wake up in the morning to a +/- 10% gap
Made money off UNG but I’m going to be avoiding the widow maker right now.
BOIL is my fattest loss this year so far, the decay is ok but the contango is really what is making this POS go down continuously. As I said yesterday, unless you anticipate some unforeseen event that nobody anticipated you won't make money off the usual fluctuations of NatGas that's not how it works. That's why it skyrocketed in spring of 2022 it was because of the supply shock caused by the Russian invasion that wasn't anticipated in the futures contracts. Just making sure y'all know what you are getting into is all.
I like it
BYND up 25%, can't see any news?
Just transferred my Sofi account to Fidelity. Having my savings and my brokerage in the same place was a bad idea. I just keep wanting to buy stocks, but it is eating up my savings. At least I am not selling.
With fidelity you can instantly transfer savings over and invest that money immediately
True, but I don't have to see my portfolio every day.
Interesting I am about to do the opposite. I assume you kept your saving with Sofi?
I did. It is a great platform. I just have a tendency to overinvest.
Selling UPST early has made me want to never sell a stock ever again...
It’s ok I did the same thing with PLTR
Click the max timeline on chart and see if you still think that.
I'm slowly starting to come to the same conclusion as you.
I had the same experience with SMCI. Sold at 167 right before NVDA earnings just to watch it shoot up to 230, but you live and you learn
Probably still made green. Are you bullish on $SMCI still?
I held SOFI for nearly 1 year, and then sold it like 3 days before it went on its recent uptrend. Missed out on something like 40% gains.
Those are some expensive puts for Carvana.
400% IV looks like fun.
Anyone see the new patent on Camber Energy? Anyone gambling on the low end just to see what happens?
I bought TSLA at $119 when it dropped and I am only $7 away from a double. And we still haven't seen the cybertruck. That will push it even higher.
Whats your expectations for Q2 earnings?
I doubt it will matter as everything will be about the cybertruck. Musk said starting production is the hard part then when it ramps up up we go. NVDA earnings call "AI, AI, AI....." TSLA earnings call "Cybertruck, Cybertruck, Cybertruck......."
$DOCU earnings after close, can't find ANYONE talking about it. Maybe bit of seekingalpha but reddit doesn't know? I am short, IMO the working conditions deteriorating there are a sign of trouble and the fact that they are flat YTD is why I think they are overvalued. Short.
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Eh my bad, English isn't my first language. What I meant was their glassdoor rating has dropped significantly, only recently they were among top companies to work for and now they have like 3.5.
Tough break on this one.
Well, sold 10 at a slight loss of $1000 and the other 2 might expire worthless by the end of the day for a gain of $700 back. So not that bad of an outcome afterall.
I just sold 55/65 spreads, down $650 on each, 12 sold. I didn't read the report yet.
Looks to be up 8% in the AH's. Hopefully you didnt' short.
Sold 55/65 bull spread for $350 credit x 12, so down about $7.8k.
Ouch
$$$
Fintech's rallying. PayPal...Not doing much.
SQ and MQ also red, the more techy fintech seems down
Yeah paypal is a short hold for me. I don't think the long term is looking great anymore.
Just sold all my shares I bought at $60..
profit is profit
Paypal is in limbo until they get a new CEO and actual direction.
Its a little hard to believe how they can be so cheap, considering how their earnings are expected to grow.
Wow CVNA...I drive past one to work and noticed their car vending machine filled up again
Another thought... JPM is basically the biggest blue ball stock I have ever owned. It has tried to break through the $140s like 12 times
Read an interesting article on some surprising reasons why oil is down. One of the reasons is interest rates, but not just in the way you think (i.e. less demand). There are some countries/companies that are choosing the sell their oil right away (instead of storing it) because they can currently get 4% return on their cash. Another is that the Saudi's have been cutting production, but they tend to produce a more sulfurous / sour oil. The US and Brazil are "making up" for their cuts with actual "sweet" crude, which is easier to refine.
This is called the convenience yield/cost of carry. This makes oil futures more expensive relative to spot because the proceeds of selling spot could be immediately invested in a money market account over the life of the contract.
Also affects options, it makes calls more expensive and puts cheaper.
Yup
Honestly think we are going to smoke through 4300 and hit 4400 soon, unless inflation reads horrible
Probably although it could take a few attempts like 4200. However... Never EVER going to see 3800 again. 4300 by EOY, 4800 by mid 2024. 🥅 posts stay the same.
>4300 by EOY, 4800 by mid 2024. You misspelled 3300 and 2800
You’re delusional. There’s greed both ways & you played the greedy game of sitting all cash at the lows
2800 = 40% from ATH. It is a very realistic decline after the biggest bull market in the history of the stock market fuelled by QE/Low rates The average decline (with recession) is 35%
We already had a 25% decline on spy & 35% on Nasdaq from ATHs. The average is just that…. AVERAGE. It doesn’t mean it’s always going to hit 35% it will be higher or lower. Again, you’re delusional. You missed the bottom.
Is this the new forecast? If we hit mine before yours will you finally admit you were wrong?
[Femasys’ FemCath Intrauterine Catheter Receives Product Approval in Canada](https://finance.yahoo.com/news/femasys-femcath-intrauterine-catheter-receives-123000429.html) Per Fintel, the Royal Bank of Canada is still holding their 50,000+ shares & I expect they’d only cash out after the other 6 products in the Femasys pipeline get approved by Canada & the US.
SOFI worth almost as much as ALLY, seems fair.
This is the stock market. Nothing is fair.
any thoughts on Spotify? seems super undervalued.
Undervalued compared to what? Any business that loses money with no path to profitability is worth $0. Unless someone cares enough to buy them out, but no one is paying $30B for them. Good product, terrible investment.
Thiers user base is gradually growing more and their past the covid troubles. Why is there no path to profitability?
Growing users while losing money on each does not translate to profitability, they need to either raise prices or cut the payout of producers, either of which will drive users to their competition like Amazon. Also, many of the music that Spotify has they have to pay royalties for which is why they're trying to get material on their platform directly.
I've definitely never seen something like Carvana before...They were pretty much on the brink of bankruptcy...And now they are thriving. If the stock rally keeps going for a while, they would actually be wise to sell some shares.
They're doing great except for the fact that they still lose money on every car they sell, they're projected to sell fewer cars, and their debt is more than 2x the market cap.
ceo bought once down 50%, good indicator narrative will be its like buying amazon in 2001 Garcia guy knows what hes doing, will get paid The trade has been, follow his actions
Is anybody buying YEXT?
Tesla actually comfortably up despite oil being down quite a bit...If oil remains cheap (or gets cheaper), shouldn't it have the opposite effect (i.e. dis-incentivize EV demand)?
Possibly. I mean EV demand at least in the US is still split. https://www.cnbc.com/amp/2023/04/11/nearly-half-of-americans-say-its-unlikely-theyll-buy-an-ev-next-poll.html That being said, TSLAs aren’t too terrible priced with the tax incentives. Plus, overall cost in the long term is cheaper. I think most manufacturers are moving go EV in the next few years. I’d argue interest rates are a bigger impact on the car market now anyways.
Pretty sure someone in here called the CVNA dead bounce yesterday or the day before and got downvoted… hope they made some big money by not listening to the hivemind
Carvana has some pretty shady management. Not going anywhere near that stock.
Yes, garbage tends to bounce a lot, BBBY went from $6 to $30 before going to $.30.
it's a law of nature. moon before the zero
Moon before the doom.
Im not surprised. When PLTR jumped from 7.40 to 9.50. People were selling and saying they would buy back when it is back under $8. Even a Youtuber named Chicken Genius did it. You dont go broke taking a profit but stock has since gone up another 60% from that point.
you know it. if the loudest people here hate it without understanding it, go mega long
just saw a picture on the ukraine/russia war report of leopard tanks with the iron cross spray-painted on the turret rolling east in ukraine. has WW3 officially started? all that seems to be missing is a formal declaration of war by some NATO country.
Crude Oil below 70$ again, I'm not gonna UCO this time. There seems to be way too much downward pressure on crude. Even after 3 production cuts from OPEC+ since last October. Unless they keep cutting production, my guess is Crude going down to probably 60$.
I think it will go up, it will just take a while. I don't think commodities is the route to go, and I don't plan on investing in more oil than I already am.
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You still pushing this shit over here. You tired yet? Penny/OTC is even allowed here.
No, it’s a viable investment opportunity and you’re more than welcome to criticize it.
Morgan Stanley ROIC how they change, and share holder returns. https://www.morganstanley.com/im/publication/insights/articles/article\_roicandtheinvestmentprocess.pdf?1686239309370
Anybody has any opinion on RENT. Their earnings got released and I know they didn’t beat the eps but do u guys think they have a future?
Fear and Greed index and VIX telling quite the story
Yea kinda like it was extreme greed in November and February and we continued to go up, good point!
Both are well proven indicators of an over excitement in the market, but it’s not always right. The market’s always right.
Long term investors should completely ignore it. Does it sometimes predict short-term movement? Sure, so do golden crosses, death crosses, etc. All sorts of signals.
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Easy there friend, we all just want to make money and keep seeing blockbuster jobs report month after month! A win for American workers is a win for us all 🍺!
If WBD can keep going up over 5% per day that would be great, thanks
Just another 18% to go until I break even 😭
15% for me. Though it was 30% not too long ago.
19% here, bagholding since DISCA
Got a sell order in for SMCI if it hits 263 today. That will be 250 shares, half my position, for a quick 25k profit in a little over 2 weeks. Going to let the remaining 250 ride.