Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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It's algo driven. Almost see "new variant" on the news wires and internet and its sell, sell, sell.
Hateyou
Not Great, Not Terrible
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Sanrith Descartes
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Big Phoenix
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Weekend is a long time for them to fear monger.
New York Gov. Kathy Hochul issues state of emergency in response to omicron variant
New York Gov. Kathy Hochul issued a state of emergency order on Friday in response to the identification of the COVID-19 omicron variant.
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Sanrith Descartes
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My experience with after hours markets are rarely good. Unless you have access to info no one else does trading after hours isn't really great. You can see news hit and try to take advantage of it before the normals and then find out the market goes in the opposite direction the next morning and the herd follows leaving you SOL.
Jysin
Ahn'Qiraj Raider
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Algos have the newswire parsed and already setting buy / sell orders before your human eyes even have time to notice there is a new headline, let alone digest it. They are programmed to fire on keywords. Sometimes they completely reverse as the news is digested and broken down (other factors and nuance that algos can't pick up). But for the most part the immediate spikes you see are purely algo driven.
Sure there are AH trades to be made, but you're doing a hell of a lot of sitting around and waiting most of the time. I've got better things to do with my time.
Sure there are AH trades to be made, but you're doing a hell of a lot of sitting around and waiting most of the time. I've got better things to do with my time.
Gravel
Mr. Poopybutthole
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I always laugh when I see stuff like this.
30-50% dips are among the worst the market has ever seen. That's not a dip, that's a depression.
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Sanrith Descartes
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Covid Black Monday was a once in a lifetime investors dream because of how quick the recovery was. If we were to see another Covid based 30% drop next week I would mortgage my house to invest in it.
Ps.. we won't see it.
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Ravishing
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You really always laugh at this? Really? Prices are still near all time highs and individual stocks go up and down 50% and more every day. Those stocks mist invested in are hardly at bargain pricing. It's like the same price they were at only a few weeks or months ago.
And the "10 year corrections" often hit a marketwide 30% down or more.
Borzak
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Got an email info deal on the energy etf I got out of a month or so ago. First thing this morning, we do not expect the same rate of return going forward that we have enjoyed up until this point this year. No shit and nice timing. Obviously made before yesterday.
It's not a depression until brokers start mass suiciding in New York.
It's not a depression until brokers start mass suiciding in New York.
Sanrith Descartes
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You are in a not insignificant group of investors, who are willing to sit and wait for a correction to push money in. Historically they have paid the price in opportunity cost. Bear in mind Covid Black Monday was the worst we had seen in over a decade and yet stock like AAPL and MSFT didn't even hit 52-lows. IIRC, they bounced at the 200 DMA and their bounce off that support could very well have been the impetus for the buyers to come back (due to their oversized weighting in the indexes).
There is no "wrong" investing strategy because we all have different tolerances and expectations. We all do what we do. A 30% drop in the Nasdaq or FTEC would only put us back to earlier this year. That's how far the run up has been. As long as Janet Powell is printing free money and Congress is borrowing in the trillions, the markets aren't going downward significantly without a major black swan.
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Ravishing
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Oh I agree. I don't necessarily wait for a correction, I am looking at individual stocks. Like PLTR is starting to look juicy again, it's down 25-30% from earlier in the month. I will dive in if I see it <20.
I was just saying the small pull back yesterday overall isn't that significant and there is plenty of room for things to become even a greater bargain.
Sanrith Descartes
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As a market I agree the pullback wasn't much. I bought individual stocks at discounts.
For PLTR, just write the $18 puts when it gets down near 20-21. You get paid if it doesn't go to $18 and if it does you buy at a predetermined discount.
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Sanrith Descartes
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Sanrith Descartes
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Big Phoenix
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Rip not buying Friday lows.
Still plenty of fear mongering to go around though;
Still plenty of fear mongering to go around though;
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Sanrith Descartes
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