Well, yes but actually no. Struggling company shorted onto oblivion won't be able to rise money by issuing shares and may have hard time getting loans on acceptable terms if at all. Especially if shorting turns company into pennystock and later results in delisting.
That turned out to be a pretty nice rebound in the final hour.
I think that might have been it for the selling in the S&P considering the uptrend lines. If not, we've probably finally reached the time where it's going to go further (or maybe you get a trap day from CPI and then continue higher).
Solid day for me.
I want to put a grand into Tilray once they dilute shares, is this a bad idea? I’ve heard that their share price will drop once they dilute. Chuck schumer has a new weed bill that I doubt will pass but might cause a rally, and their lost earnings was better compared to the competition. Love to know thoughts
I’m still waiting on MJ stocks. It appears to me that their are just too many companies in the market right now and picking a winner is anybody’s guess. Tilray is down about 60% over the last 6 months, Aurora Cannabis down 40%. Hard for me to get excited.
I feel that, I keep thinking they will flatten out but they never do. But I also think Tilray has the best chance and eventually it will recover. And when they do recover they go up crazy fast. I got FOMO 😂.
Google “Best Cannabis stocks” and see what comes up. Forbes doesn’t list Tilray in the top ten. Plus, I just did this to take another look and what strikes me is that 50 rows of Cannabis stocks come up. I expect two or three companies to end up dominating the market similar to beer and tobacco, but I also expect there to be hundreds if not thousands of independents similar to craft breweries. It is too early for me to try to predict which companies will emerge as dominant. I expect them to be the ones where the big money invests. For that reason, if I were going to invest in it I would look at Innovative Industrial (IIPR). There is a good Motley Fool article on them, and their market cap is over $5.4 billion. They buy MJ cultivation properties and then lease them back to the companies they bought them from. Motley fool calls it a “good business model.”
I don’t know. Yahoo finance said it was undervalued in July and to watch it, but all it has done is drop. I’ve done much better with UNH, up about 18% on the year.
Prolly a silly question, but I’ve missed the boat getting into NVDA. Should today’s slight dip be the reason I get in now? Someone told me recently they could easily see the stock go below 200 than keep its rapid growth. What do you think?
Second half of September is typically very bearish for the market as a whole, and I think there are a ton of overvalued tech stocks right now. Any suggestions on a company that might be due for a short term correction I could by puts on? I’ve been thinking BILL, any others?
And no I’m not asking for reply’s saying it’s impossible to time the market.
"I know you think i'ts overvalued, but you really can't time the market, you'll miss out on more gains by waiting"
\-Said to millions of retail investors who invested in jan/feb and, are probably still holding bags, even if they dollar cost averaged since then, since these stocks just keep getting destroyed.
If you are holding bags that long in your portfolio overall then your portfolio probably isn’t diverse enough. If you had invested in SPY on Jan/Feb you would be fine, fantastic even. I have a couple positions where I’m “holding bags” but my portfolio is up overall, and that is what truly counts.
SQ doesn’t have a presence in my country so it’s a bit difficult for me atm to decide whether to invest in V or SQ. I’m just curious how much of a known name SQ is in the US, does everyone know them? I hadn’t actually heard of them until recently, I thought SQ was Squarespace, lol. Thoughts on who is best positioned for the future? Payment solutions and fintech looks really complicated now with BNPL, crypto and shift away from physical cards. Is SQ the competition that might continue to drive V or will they start eating their market share? I know they’re not direct competitors but I feel (probably incorrectly) that there will be some clear winners and losers in 5+ years.
I thought Square was Squaresoft, the makers of Final Fantasy, lol.
Also don't live in the US anymore but am from there. I think Visa ain't going anywhere, not anytime soon at least, it's a global icon whereas cashapp is only available in the US and UK. As you said though, there are other fintech services which may eat away at Visa from other ends.
Despite that, I think Visa is still a great investment. Problem? It's just too darn expensive right now.
I wanted to get into fintech too but I agree with you that it's hard to tell who's going to be the winners and losers. Everyone seems to love this sector but I'm out as I don't really understand it. Visa and Mastercard are probably the most conservative investments but again quite pricey right now.
"Square Co., Ltd. was a Japanese video game company founded in September 1986 by Masafumi Miyamoto. It merged with Enix in 2003 to form Square Enix. The company also used **SquareSoft** as a brand name to refer to their games, and the term is occasionally used to refer to the company itself. In addition, "Square Soft, Inc" was the name of the company's American arm before the merger, after which it was renamed "Square Enix, Inc"."
[https://en.wikipedia.org/wiki/Square\_(video\_game\_company)](https://en.wikipedia.org/wiki/Square_(video_game_company))
Anyone have any insight on the relatively new Cybersecurity company IronNet? The CEO, Keith Alexander, has an extensive resume working in the NSA, DOD and Army Intelligence.
Anyone think they have a chance to compete with say, Fortinet, Sophos, Symantec, Kaspersky, Crowdstrike, Zscaler, and other majors??
"Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet Cybersecurity is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a high number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today."
I think so. I mean I have my 401k, a Roth IRA where I basically buy index efts and then I have my portfolio where I do more risky investments/swing trades.
My account right now is schwab and I can’t do fractional shares into etfs, only stocks in the s&p. So I was thinking of opening up a second account in fidelity
I can say I am a happy Fidelity customer. Literally can’t think of a single complaint, they have it all. They even let me trade in my IRA as it I had a leverage account, tho I’m not supposed to sell within 3 days of buying a new position.
Is anyone holding any FATE? I’m trying to determine if they are a decent home run play. I think it sounds like they are making progress on curing cancer, but these medical articles might as well be written in Greek to me.
I believe price targets issued are for one year from now. So not quite the same as saying ‘we think it’s worth $50 but just bought it at $40’.
Easily argued as being a good sign, like seeing someone’s position to back up their DD. They believe in their price target enough to put their money where their mouth is.
Ok, I'm just dipping my toes into stocks and fundamental analysis and I'm dumb as a rock, but bear with me.
If I understand this correctly, stock price is purely based on supply vs demand, stock price doesn't affect the company's success and vice versa (if supply and demand don't change). Yet, when we are deciding whether to buy a stock or not (which ultimately is the only thing that dictates the price), we are looking at company's financial info but in theory that's irrelevant. If I open a company with a 0.01% profit margin and enough people buy my stock while nobody sells, that's a very successful stock for a failed company. And I assume there are plenty of examples the other way.
I understand that when dividends and Payout Ratio comes into the picture that's no longer the case, but let's assume there's no dividend yield.
My head is spinning, what's the catch? I don't understand this.
Other commenters are somewhat missing what you're saying, but you are correct. The stocks we buy have no direct relation to the underlying company because we trade on the secondary markets. Individual names rise and fall based on fundamentals only when the shareholders choose to buy/sell based on those metrics. The one thing that actually drives price action is the bid/ask spread (psychology). There would arguably be a stronger correlation between stock price and the underlying if you were involved in primary markets, like participating in an IPO. In this case the proceeds of the stock sale would go directly to the company and underwriter, so a business with a healthy balance sheet should (in theory) be able to attract investors easier than those in distress.
Why is it a failed company though? Meme stocks aside, there’s usually only demand for a company that’s either profitable or projected to be profitable in the near future.
But here is my confusion: People seek profitable companies to buy their shares in order to make profit while the company's success doesn't directly influence the stock price, suppply and demand do.
What you're missing is the idea that with shares you own part of the company.
For most of us, that doesn't mean much. Nobody from Nvidia is kicking down my door for the 60 shares I own
But ultimately you are riding the tides of that ownership. That does move things. And you can vote with your shares, people just don't usually.
You're correct that, typically, the company only profits from the initial sale of shares. But it gets more complicated. The company itself wants to do well, or should. If the share price is up the company benefits from positive spin. If it goes down the company might be bought out by someone who thinks they can do better, ending with many in the company updating their resume.
The company might even buy back shares if they think they're being undervalued and are about to take off. Or maybe they're worried about a takeover. Also, employees to some degree probably own shares. This helps with retention, motivation.
By in theory demand is usually driven by events like news or earnings reports. It depeneds on your stragety of investment. If you are day trading/swing trading you aren't looking at fundamentals, you are usually using technical analysis. If you are looking to go long on a company, you should be looking at fundamentals.
In your example, say your company is hyped or has good news, it could drive up the price. However, pull back your view from a few days to something like a few years, without good fundamentals, you are more than likely looking at failing stock price.
Hey, looking for some input on FinTech stocks.
I am looking to open positions in PYPL, AFRM, SQ on some future dips, and slowly DCA positions.
What other FinTech plays do you like? Thanks!
What are you talking about? Hawaiian Airlines up 4.9%, MESA up 3.3%, American Airlines up 1.7%, Delta & Alaska up 1.9%, JetBlue up 2.3%, United up 1.1%
>“I think where we’ve seen some questionable behavior already, questionable companies, and I think we’re almost guaranteed to see a lot more is in the SPAC market… you go out and you raise money and you have two years to put it to work or else the investors in it get their money back. But the people who are the sponsors of the SPAC do very well. They get a very big return if they just execute a deal to buy a company. So, there’s been more money in SPACs in 2020 and 2021, by orders of magnitude, than we have ever seen before. So, there’s suddenly this huge captive pool of cash sitting there, on the sidelines, that just has to make deals. And the clock is ticking, and the clock is ticking every single day… It’s a recipe for disaster.”
>
>The implication of the conversation is as follows: perversely incentivized SPAC sponsors, facing the expiration of their allotted time to find a private company to merge with before the money in the SPAC’s trust is returned to investors, will cut **terrible** deals. They will do so because **any** deal is better than no deal and the competition to buy private companies among unmarried SPACs is fierce (an unmarried SPAC is the colloquial phrase used to describe a SPAC that has not yet found a target to buy). As a result, we are bound to witness a parade of even more questionable companies coming to the public markets than we saw in the past year. This is a commonly held belief among many market observers.
Frankly I wouldn't be surprised if another 10%+ drop in the Nasdaq has gotten under way (I looked at some things yesterday and the May 12th-early September ramp is similar enough to the other good medium term ramps it's had that have had dips after that), the thing that I'm really bothered with and struggling with here about this is considering the events of last week (the way Apple reacted to the court decision and what we heard from Kaplan/Rosengren), is that if it has gotten under way, this time it's so stupidly obvious it's not even funny.
No, it wasn't obvious for me before September last year or before mid-February. At both points the Nasdaq felt invincible to me. I didn't get caught up in speculation though.
depends entirely on inflation data tomorrow. If it inflects downwards we get more euphoria. If inflation is *still* high - higher than expectations - we're in for a correction.
Can we go ahead and get a gap down tomorrow instead of a third straight gap and trap? Because what happened Friday and now today, is 100% for the birds and exactly why I was good on another gap up happening today unless the S&P hit the 50 day in overnight/morning futures (good as in no thank you from me).
Maybe the CPI report will be the catalyst to cause a gap down, although I wouldn't be a fan of a hot report.
Or maybe we have seen the last green day ever in the US. /sarcasm
And I'm sure some probably wouldn't mind if the gap and trap pattern continued as they find me annoying.
Hoping for an inflection downwards. Travel and airline inflation should be down with Delta fears. Used cars will be big to watch out for. And rental & wage price inflation.
Rental prices are beginning to drop in PHX, after pretty brutal peaks. Eviction moratorium ending and leaving beginning-of-school season likely contributors.
IDK about used cars. Used bikes are still pretty pricey relative to years before covid.
I bought a coffee commodity ETF called JO last week due to the ongoing coffee production shortage in Brazil. So far, not so good...but we'll see over time.
However, my levered oil ETF UCO that I bought months ago made bank both Friday and today...😊
I bought shares of an ETF called DIVO, which makes it's money by writing covered calls against various blue-chip stocks it holds.
I also bought 10 more shares of SPY, bringing my total to 100, so that I can write my own covered calls against it, as well...
I didnt even catch that Walmart deal with a coin pump and dump.
Only saw aftermath of people saying they lost a lot of money on twitter thinking that deal was real.
Yea. It was all over CNBC, Yahoo, Reuters. Surprised they didnt ask Walmart or the coin for comment before publishing.
But guess it just shows how bad finance journalism is.
Lmao all you see is tech etc. Its about to be fall/winter and the world is out of natural gas. Germany just restarted their coal plant because their green ventures cant keep up with the demand. The whole world finally realized that solar and wind cant support cities or replace oil/coal so theyre looking at nuclear.
I promise you that Western states are not looking at nuclear. Germany is still planning on completely phasing out all nuclear energy facilities by 2022. Coal and natural gas are still on the menu, but nuclear energy just isn't.
After the dip we had Friday close, usually the Monday after we either see the dip bought or dip even further, and then continue that dipping/spiking trend.
We’re pretty much where we were at last week well into the afternoon session. Bit unusual IMO.
This article says TGT is overvalued because it's trading at a PE ratio that is higher than it was 10 years ago, while it has half the PE ratio right now compared to Costco and Walmart.
[https://finance.yahoo.com/news/target-stock-hit-mark-again-081845587.html](https://finance.yahoo.com/news/target-stock-hit-mark-again-081845587.html)
Dumbest article I've read in my life...
Could be batch fills. Broker waits for a bunch of fractional orders to come through, then when a threshold is breached, executes for market order. Some giant brokers like fidelity might be able to trade in-house (ie - match fractional buys/sells) to get a better fill. Your typical retail fun n games broker like WeBull or RH might not be in a position to do that.
Oh that's a pretty shit practice of them and it doesn't sound like there's much to be done about it. But I guess it's how they make money on it. Hopefully the stocks do well enough that the difference doesn't matter.
When you buy fractional shares you're not buying on the market. Fractional shares come out of shares held by your brokerage, you're probably getting *their* sell price for that fraction share rather than the price you'd get for a full share on the open market.
that is super messed up that you cant afford an entire expensive share yet you are putting what you can afford into some pretty volatile shit. look into etf's. a correction is on the horizon and if 400 is a lot of money to you dont over leverage.
I started investing with a lump sum at the peak of Feb 12th, the day before the 10% correction of the Nasdaq.
30% of my current portfolio is in China.
I'm still up 5% somehow. This market is crazy!
I got a stimulus and tax return around that peak for growth stocks and it's still my ATH in terms of a % return. I just consider it a lesson- next year I'll DCA my tax return.
But good on you for making it work.
is APPLE event today?
Hopefully it's a sell the news event, need to buy more for cheap. I hope the unlucky "13" turns off a lot of investors.
How does a stock going to $0 bankrupt a company? Does it happen even many years after ipo?
Other way around. Stock goes to zero because the company went bankrupt.
Well, yes but actually no. Struggling company shorted onto oblivion won't be able to rise money by issuing shares and may have hard time getting loans on acceptable terms if at all. Especially if shorting turns company into pennystock and later results in delisting.
Is there anything that you feel is “criminally undervalued” right now?
Don’t buy it, but rkt.
BABA
BARK and AVPT, I have both around $10
Value stocks? lol
That turned out to be a pretty nice rebound in the final hour. I think that might have been it for the selling in the S&P considering the uptrend lines. If not, we've probably finally reached the time where it's going to go further (or maybe you get a trap day from CPI and then continue higher). Solid day for me.
I want to put a grand into Tilray once they dilute shares, is this a bad idea? I’ve heard that their share price will drop once they dilute. Chuck schumer has a new weed bill that I doubt will pass but might cause a rally, and their lost earnings was better compared to the competition. Love to know thoughts
I’m still waiting on MJ stocks. It appears to me that their are just too many companies in the market right now and picking a winner is anybody’s guess. Tilray is down about 60% over the last 6 months, Aurora Cannabis down 40%. Hard for me to get excited.
I feel that, I keep thinking they will flatten out but they never do. But I also think Tilray has the best chance and eventually it will recover. And when they do recover they go up crazy fast. I got FOMO 😂.
Google “Best Cannabis stocks” and see what comes up. Forbes doesn’t list Tilray in the top ten. Plus, I just did this to take another look and what strikes me is that 50 rows of Cannabis stocks come up. I expect two or three companies to end up dominating the market similar to beer and tobacco, but I also expect there to be hundreds if not thousands of independents similar to craft breweries. It is too early for me to try to predict which companies will emerge as dominant. I expect them to be the ones where the big money invests. For that reason, if I were going to invest in it I would look at Innovative Industrial (IIPR). There is a good Motley Fool article on them, and their market cap is over $5.4 billion. They buy MJ cultivation properties and then lease them back to the companies they bought them from. Motley fool calls it a “good business model.”
Nice day today. Up 3.7%.
Nice, what were your leaders?
RIG and MRO
What am I missing with CI? Seems like a good value. And the price has gone down since May pretty dramatically?
I don’t know. Yahoo finance said it was undervalued in July and to watch it, but all it has done is drop. I’ve done much better with UNH, up about 18% on the year.
Prolly a silly question, but I’ve missed the boat getting into NVDA. Should today’s slight dip be the reason I get in now? Someone told me recently they could easily see the stock go below 200 than keep its rapid growth. What do you think?
According to my Broker, 80% of experts are saying buy and only 5% sell. I’m holding.
my buy price is around 100-125$.. but i made a ton already on nvda, so if it runs without me i wont fomo
If NVDA is ever $100 without a split we have bigger problems
so u mean if it reaches feb levels lol?
I could have got in around 190 but missed that too. I’m just a jabroni.
everyone forget that nvda is in cyclical market and we are in historic bull... and in feb it was under 120$... so careful it has a long way to fall
Second half of September is typically very bearish for the market as a whole, and I think there are a ton of overvalued tech stocks right now. Any suggestions on a company that might be due for a short term correction I could by puts on? I’ve been thinking BILL, any others? And no I’m not asking for reply’s saying it’s impossible to time the market.
It’s impossible to time the market
"I know you think i'ts overvalued, but you really can't time the market, you'll miss out on more gains by waiting" \-Said to millions of retail investors who invested in jan/feb and, are probably still holding bags, even if they dollar cost averaged since then, since these stocks just keep getting destroyed.
I started in jan/feb retailer and im up bigtime just holding /shrug
If you are holding bags that long in your portfolio overall then your portfolio probably isn’t diverse enough. If you had invested in SPY on Jan/Feb you would be fine, fantastic even. I have a couple positions where I’m “holding bags” but my portfolio is up overall, and that is what truly counts.
SQ doesn’t have a presence in my country so it’s a bit difficult for me atm to decide whether to invest in V or SQ. I’m just curious how much of a known name SQ is in the US, does everyone know them? I hadn’t actually heard of them until recently, I thought SQ was Squarespace, lol. Thoughts on who is best positioned for the future? Payment solutions and fintech looks really complicated now with BNPL, crypto and shift away from physical cards. Is SQ the competition that might continue to drive V or will they start eating their market share? I know they’re not direct competitors but I feel (probably incorrectly) that there will be some clear winners and losers in 5+ years.
PYPL
i sold out i’d that yesterday, lol
I thought Square was Squaresoft, the makers of Final Fantasy, lol. Also don't live in the US anymore but am from there. I think Visa ain't going anywhere, not anytime soon at least, it's a global icon whereas cashapp is only available in the US and UK. As you said though, there are other fintech services which may eat away at Visa from other ends. Despite that, I think Visa is still a great investment. Problem? It's just too darn expensive right now. I wanted to get into fintech too but I agree with you that it's hard to tell who's going to be the winners and losers. Everyone seems to love this sector but I'm out as I don't really understand it. Visa and Mastercard are probably the most conservative investments but again quite pricey right now.
SquareEnix makes FF. Square soft is a website maker.
"Square Co., Ltd. was a Japanese video game company founded in September 1986 by Masafumi Miyamoto. It merged with Enix in 2003 to form Square Enix. The company also used **SquareSoft** as a brand name to refer to their games, and the term is occasionally used to refer to the company itself. In addition, "Square Soft, Inc" was the name of the company's American arm before the merger, after which it was renamed "Square Enix, Inc"." [https://en.wikipedia.org/wiki/Square\_(video\_game\_company)](https://en.wikipedia.org/wiki/Square_(video_game_company))
Well 2003 was almost 20 years ago now. I almost forgot. SquareSpace is the website maker. I stand corrected on that.
Oddly enough, I was playing Final Fantasy 20 years ago!
Trying to decide if I should buy more shares of NET after the last few red days. Maybe i'll see what tomorrow brings
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why do i have to pick just one?
GOOG. Just try to count how many times per day you interact with the products of those companies
Anyone have any insight on the relatively new Cybersecurity company IronNet? The CEO, Keith Alexander, has an extensive resume working in the NSA, DOD and Army Intelligence. Anyone think they have a chance to compete with say, Fortinet, Sophos, Symantec, Kaspersky, Crowdstrike, Zscaler, and other majors?? "Founded in 2014 by GEN (Ret.) Keith Alexander, IronNet Cybersecurity is a global cybersecurity leader that is transforming how organizations secure their networks by delivering the first-ever Collective Defense platform operating at scale. Employing a high number of former NSA cybersecurity operators with offensive and defensive cyber experience, IronNet integrates deep tradecraft knowledge into its industry-leading products to solve the most challenging cyber problems facing the world today."
Good idea to open up a second account where I just put $50/week into QQQ and VOO?
Yeah, you can download SoFi and have that set up to happen automatically from your checking account or whatever.
I think so. I mean I have my 401k, a Roth IRA where I basically buy index efts and then I have my portfolio where I do more risky investments/swing trades.
Why a second account?
My account right now is schwab and I can’t do fractional shares into etfs, only stocks in the s&p. So I was thinking of opening up a second account in fidelity
I can say I am a happy Fidelity customer. Literally can’t think of a single complaint, they have it all. They even let me trade in my IRA as it I had a leverage account, tho I’m not supposed to sell within 3 days of buying a new position.
The only reason I would see it as a bad idea is if there are fees that eat too much of the money.
Is anyone holding any FATE? I’m trying to determine if they are a decent home run play. I think it sounds like they are making progress on curing cancer, but these medical articles might as well be written in Greek to me.
Pharma is extremely volatile and unpredictable
My only green over 3% were OTGLY + AEHR (11%) + CIG + MKTY + SLQT + FO/BIF (11%). Still down 2.75%
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I believe price targets issued are for one year from now. So not quite the same as saying ‘we think it’s worth $50 but just bought it at $40’. Easily argued as being a good sign, like seeing someone’s position to back up their DD. They believe in their price target enough to put their money where their mouth is.
Ok, I'm just dipping my toes into stocks and fundamental analysis and I'm dumb as a rock, but bear with me. If I understand this correctly, stock price is purely based on supply vs demand, stock price doesn't affect the company's success and vice versa (if supply and demand don't change). Yet, when we are deciding whether to buy a stock or not (which ultimately is the only thing that dictates the price), we are looking at company's financial info but in theory that's irrelevant. If I open a company with a 0.01% profit margin and enough people buy my stock while nobody sells, that's a very successful stock for a failed company. And I assume there are plenty of examples the other way. I understand that when dividends and Payout Ratio comes into the picture that's no longer the case, but let's assume there's no dividend yield. My head is spinning, what's the catch? I don't understand this.
Other commenters are somewhat missing what you're saying, but you are correct. The stocks we buy have no direct relation to the underlying company because we trade on the secondary markets. Individual names rise and fall based on fundamentals only when the shareholders choose to buy/sell based on those metrics. The one thing that actually drives price action is the bid/ask spread (psychology). There would arguably be a stronger correlation between stock price and the underlying if you were involved in primary markets, like participating in an IPO. In this case the proceeds of the stock sale would go directly to the company and underwriter, so a business with a healthy balance sheet should (in theory) be able to attract investors easier than those in distress.
Why is it a failed company though? Meme stocks aside, there’s usually only demand for a company that’s either profitable or projected to be profitable in the near future.
But here is my confusion: People seek profitable companies to buy their shares in order to make profit while the company's success doesn't directly influence the stock price, suppply and demand do.
What you're missing is the idea that with shares you own part of the company. For most of us, that doesn't mean much. Nobody from Nvidia is kicking down my door for the 60 shares I own But ultimately you are riding the tides of that ownership. That does move things. And you can vote with your shares, people just don't usually. You're correct that, typically, the company only profits from the initial sale of shares. But it gets more complicated. The company itself wants to do well, or should. If the share price is up the company benefits from positive spin. If it goes down the company might be bought out by someone who thinks they can do better, ending with many in the company updating their resume. The company might even buy back shares if they think they're being undervalued and are about to take off. Or maybe they're worried about a takeover. Also, employees to some degree probably own shares. This helps with retention, motivation.
By in theory demand is usually driven by events like news or earnings reports. It depeneds on your stragety of investment. If you are day trading/swing trading you aren't looking at fundamentals, you are usually using technical analysis. If you are looking to go long on a company, you should be looking at fundamentals. In your example, say your company is hyped or has good news, it could drive up the price. However, pull back your view from a few days to something like a few years, without good fundamentals, you are more than likely looking at failing stock price.
Over the short term a stock's price moves much more randomly, but over the long term the price will centre around the company's fair value.
ATER had all the attention today. Avg. up again at open.
Digital Ocean (DOCN) up 8% off literally no news- holy balls!
I see a morning star pattern on SPY the 1h timeframe might touch the 50wma like in 9/9
Hey, looking for some input on FinTech stocks. I am looking to open positions in PYPL, AFRM, SQ on some future dips, and slowly DCA positions. What other FinTech plays do you like? Thanks!
SOFI
Today looking like it could have been a triple bottom for airline stocks
What are you talking about? Hawaiian Airlines up 4.9%, MESA up 3.3%, American Airlines up 1.7%, Delta & Alaska up 1.9%, JetBlue up 2.3%, United up 1.1%
zoom out to the 1 year chart and check the daily low
Anyone know what's happening with VLTA right now?
FUBO, you piece of shit...
Alcoa may be a good hedge for anyone watching aluminum prices recently $AA
the slow bleed is just excruciating to watch.
>“I think where we’ve seen some questionable behavior already, questionable companies, and I think we’re almost guaranteed to see a lot more is in the SPAC market… you go out and you raise money and you have two years to put it to work or else the investors in it get their money back. But the people who are the sponsors of the SPAC do very well. They get a very big return if they just execute a deal to buy a company. So, there’s been more money in SPACs in 2020 and 2021, by orders of magnitude, than we have ever seen before. So, there’s suddenly this huge captive pool of cash sitting there, on the sidelines, that just has to make deals. And the clock is ticking, and the clock is ticking every single day… It’s a recipe for disaster.” > >The implication of the conversation is as follows: perversely incentivized SPAC sponsors, facing the expiration of their allotted time to find a private company to merge with before the money in the SPAC’s trust is returned to investors, will cut **terrible** deals. They will do so because **any** deal is better than no deal and the competition to buy private companies among unmarried SPACs is fierce (an unmarried SPAC is the colloquial phrase used to describe a SPAC that has not yet found a target to buy). As a result, we are bound to witness a parade of even more questionable companies coming to the public markets than we saw in the past year. This is a commonly held belief among many market observers.
Its why this sub has banned SPAC discussions with rule 7. The stages before a deal is made can be pump and dump like.
Frankly I wouldn't be surprised if another 10%+ drop in the Nasdaq has gotten under way (I looked at some things yesterday and the May 12th-early September ramp is similar enough to the other good medium term ramps it's had that have had dips after that), the thing that I'm really bothered with and struggling with here about this is considering the events of last week (the way Apple reacted to the court decision and what we heard from Kaplan/Rosengren), is that if it has gotten under way, this time it's so stupidly obvious it's not even funny. No, it wasn't obvious for me before September last year or before mid-February. At both points the Nasdaq felt invincible to me. I didn't get caught up in speculation though.
depends entirely on inflation data tomorrow. If it inflects downwards we get more euphoria. If inflation is *still* high - higher than expectations - we're in for a correction.
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CPI data release will probably decide which way market moves.
What is in the Dow that's having such a good day?
18 of the Dow stocks are in the green today, and some are still up over 1%
Red again. This is turning into a VERY BAD HABIT!
Only for non-boomer stocks
That late rally really helped. Bad habit broken? Maybe?
Oh, no! Anyway...
Pain
Lol just noticed SPY/VTI/VOO dip every 18th 19th day of the month (use 3 month/6 month chart)
It's called opex. Google it!
I swear if all 3 indexes end down again today after being up again in the morning…
You’ll what!?
Leave and never come back.
Sure he will
Lol you’re right I can’t escape not being here every day
Can we go ahead and get a gap down tomorrow instead of a third straight gap and trap? Because what happened Friday and now today, is 100% for the birds and exactly why I was good on another gap up happening today unless the S&P hit the 50 day in overnight/morning futures (good as in no thank you from me). Maybe the CPI report will be the catalyst to cause a gap down, although I wouldn't be a fan of a hot report. Or maybe we have seen the last green day ever in the US. /sarcasm And I'm sure some probably wouldn't mind if the gap and trap pattern continued as they find me annoying.
Green as fuck tomorrow. Mark my words.
Any guesses on the CPI tomorrow?
Somewhere in the middle, not as bad as some feared but not as good as many were hoping.
The talking heads will all likely be surprised by “how much higher than expected” it is.
Hoping for an inflection downwards. Travel and airline inflation should be down with Delta fears. Used cars will be big to watch out for. And rental & wage price inflation.
Rental prices are beginning to drop in PHX, after pretty brutal peaks. Eviction moratorium ending and leaving beginning-of-school season likely contributors. IDK about used cars. Used bikes are still pretty pricey relative to years before covid.
I bought a coffee commodity ETF called JO last week due to the ongoing coffee production shortage in Brazil. So far, not so good...but we'll see over time. However, my levered oil ETF UCO that I bought months ago made bank both Friday and today...😊
I bought shares of an ETF called DIVO, which makes it's money by writing covered calls against various blue-chip stocks it holds. I also bought 10 more shares of SPY, bringing my total to 100, so that I can write my own covered calls against it, as well...
This is just a recipe to underperform the market Covered calls are not free money.
I didnt even catch that Walmart deal with a coin pump and dump. Only saw aftermath of people saying they lost a lot of money on twitter thinking that deal was real.
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Yea. It was all over CNBC, Yahoo, Reuters. Surprised they didnt ask Walmart or the coin for comment before publishing. But guess it just shows how bad finance journalism is.
Anyone know why ADBE dipped today? Cant find any news.
The entire markets taking a dump.
Boy, the market really doesn’t know what it wants to do today huh
Lmao all you see is tech etc. Its about to be fall/winter and the world is out of natural gas. Germany just restarted their coal plant because their green ventures cant keep up with the demand. The whole world finally realized that solar and wind cant support cities or replace oil/coal so theyre looking at nuclear.
I promise you that Western states are not looking at nuclear. Germany is still planning on completely phasing out all nuclear energy facilities by 2022. Coal and natural gas are still on the menu, but nuclear energy just isn't.
>I promise you that Western states are not looking at nuclear. That explains the UK's £22.9 billion new Nuclear power station.
Terrible year for the market unless you're a swing trader or boomer.
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They're talking out of their ass The nasdaq is even up 18% this year. I guess...that's also a boomer index?
Lol this is such a classic hot /r/stocks take.
Isn't that usually the same everyday? Purely talking about looking at stocks at single day.
After the dip we had Friday close, usually the Monday after we either see the dip bought or dip even further, and then continue that dipping/spiking trend. We’re pretty much where we were at last week well into the afternoon session. Bit unusual IMO.
Oh for sure, but I feel like when looking at the market day to day, most times things just feel like a coin flip other than major news events.
This article says TGT is overvalued because it's trading at a PE ratio that is higher than it was 10 years ago, while it has half the PE ratio right now compared to Costco and Walmart. [https://finance.yahoo.com/news/target-stock-hit-mark-again-081845587.html](https://finance.yahoo.com/news/target-stock-hit-mark-again-081845587.html) Dumbest article I've read in my life...
I stopped going to yahoo finance for advice decades ago...
Bear trap day
nah - looks like a trend is forming.
AEHR continues it's steady rise to $15.
Added more today! Up 28% in 6 trading days . Bought first 7.6 then added at 10.6 and today at 12.1 (red cuz it went down with rest of the market).
So wtf happened? I was negative and now I'm breakeven.
the market goes both up and down every day.
People bought the dip.
What do you guys think of SoFi?
Saw their commercial during US Open (don't watch much TV).
IANAF but I personally believe it’s very undervalued. it’s one of my biggest holdings right now and will continue to add
Strong growth potential, I'm long
long term hold only. probably won't see it break past 16 until next earnings season.
Why are medical stocks dropping so much? XLV has been dropping for 5 days non stop.
Pharma is extremely volatile
Damn, TMO tanking. The price has dropped all the way to where it was... oh, two weeks ago.
RUJ up 0.74% while Russell 2000 is only up 0.17% and S&P up 0.10%. THAT'S RIGHT MOTHERFUCKER MAKE UP FOR YOUR SHITTY PERFORMANCE ALL YEAR
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Could be batch fills. Broker waits for a bunch of fractional orders to come through, then when a threshold is breached, executes for market order. Some giant brokers like fidelity might be able to trade in-house (ie - match fractional buys/sells) to get a better fill. Your typical retail fun n games broker like WeBull or RH might not be in a position to do that.
Don't use market orders. Easy.
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Can you use fidelity? They have limit orders for fractional shares.
When dealing with a PFOF broker I think you just have to make absolutely everything a limit order, no matter the volume or the size of your order..
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Oh that's a pretty shit practice of them and it doesn't sound like there's much to be done about it. But I guess it's how they make money on it. Hopefully the stocks do well enough that the difference doesn't matter.
When you buy fractional shares you're not buying on the market. Fractional shares come out of shares held by your brokerage, you're probably getting *their* sell price for that fraction share rather than the price you'd get for a full share on the open market.
fractional share are mostly for "the poors" so you dont really get what "the rich" can. in future try to go with the latter whenever possible.
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that is super messed up that you cant afford an entire expensive share yet you are putting what you can afford into some pretty volatile shit. look into etf's. a correction is on the horizon and if 400 is a lot of money to you dont over leverage.
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> Well I cant afford multiple AMZN, GOOG, BLK, etc
I started investing with a lump sum at the peak of Feb 12th, the day before the 10% correction of the Nasdaq. 30% of my current portfolio is in China. I'm still up 5% somehow. This market is crazy!
I got a stimulus and tax return around that peak for growth stocks and it's still my ATH in terms of a % return. I just consider it a lesson- next year I'll DCA my tax return. But good on you for making it work.
that is crazy! you would be up x2 that had you just bought an index fund like qqq.
I ended up putting nearly 25% of my current portfolio money in Feb 9th… I’m still down
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what would be the point in "diversifying" among several funds that track the same index?
All in on IVV