Investing General Discussion
- Thread starter Furious
- Start date
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
Following up on this now that I have some time. NOC blew up in the spring with the other industrials after lagging the greater market's recovery. I like the company alot. I sold because I thought it had gotten out in front of itself making new highs almost every day for a while. A breakdown below $360 "could" see it retest the 200-DMa and that is what I am waiting for to get back in. I was up about 35% when I sold it. The 2-year chart captures it pre-Coronachan and why I think a retest of the Jan 2020 lows is possible. If I am wrong and it runs again then I miss out.
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
MA
At this point I am using 2-year charts as my default because seeing the pre-Coronachan price action is important. MA has a lot of chop with the various Coronachan back and forths. Its below the 200 DMA and I can see a scenario where it tests that line of support at $336. I have a half position right now and will hold pat to see if it does drop. If it does I will go to a full position. Bear in mind that drop would only be another 5% or so from Friday's close. That is not out of the realm of possibility over the course of a couple of days.
At this point I am using 2-year charts as my default because seeing the pre-Coronachan price action is important. MA has a lot of chop with the various Coronachan back and forths. Its below the 200 DMA and I can see a scenario where it tests that line of support at $336. I have a half position right now and will hold pat to see if it does drop. If it does I will go to a full position. Bear in mind that drop would only be another 5% or so from Friday's close. That is not out of the realm of possibility over the course of a couple of days.
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
CRM
I sold with the 5% gap up on earnings and banked the profits. That insane up spike last Sept was its inclusion into the DOW. Its currently above all of its DMAs so I am going to wait and see what the stock does. It tends to gap down pretty regularly so I anticipate it to follow suit on that pattern at some point in the next couple of weeks.
I sold with the 5% gap up on earnings and banked the profits. That insane up spike last Sept was its inclusion into the DOW. Its currently above all of its DMAs so I am going to wait and see what the stock does. It tends to gap down pretty regularly so I anticipate it to follow suit on that pattern at some point in the next couple of weeks.
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
ASTR getting slammed today. Had a rocket go about 50km and fail to reach orbit before coming back down safely. It might be a play if you want to toss some cash at a longshot. SpaceX had some nice failures along the way as well. This ain't rocket science... Oh wait it is exactly rocket science 
It is trading sub-$9 in the premarket.
It is trading sub-$9 in the premarket.
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
Grabbed some PTON at $102 (my original price from Friday that didnt hit).
- 1
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
Gravel
Mr. Poopybutthole
- 41,691
- 142,910
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332
Sanrith Descartes
You have insufficient privileges to reply here.
- 46,738
- 131,332