Investing General Discussion

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Big Phoenix

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All the pay companies are suffering. It's just rough seas that need to be ridden out. Their EPS and revenue are solid. It's not a fundamental thing.


buckle up boys, its just starting!

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Zog

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Reminds me of the rally after the fed meeting and the next day everything gave up all it's gains.
 
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Big Phoenix

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So with Biden possibly throwing in the towel and the CDC recommending only 5 days of isolation now, will travel/leisure see a boost?
 

Zzen

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I wish you wouldn’t tag Lyrical, he really brings the level down in here imo.
 
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Blazin

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View attachment 389105

I bought 300 shares of SPY on the dip and doubled my CLF position @ 19.50

So up $20/share on this 300 shares a week later. This is the type of buy that early on I never understood to make. I was sitting at my computer and things looked crappy I could see no reason to buy, a bombardment of reasons to be bearish. Now old me would have gone with that, I now learn to recognize the strong bearish sentiment and I do the exact opposite of how I "feel". Called my brother after this buy and told him man this buy feels shitty so it's probably the right move. It's hard to explain just how much better my performance has been once I started to understand this better. Now it's only $6,000 profit on this SPY buy so I'm not jerking myself off over it but it's $6k that less experienced blazin of yesteryear would never have made. He'd be a salty blazin sitting on cash wondering what just happened.

Nov and and most of Dec was a real grind fest for me. I had set a portfolio high on Nov 4th and didn't hit another until last week. Paypal and draftkings where a real drag for me. I'm glad to be at new highs without them having recovered. FInishing year at your highs is always a nice bonus. I expect increased volatility next year should be another fun one.
 
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Blazin

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Oh and get your guesses in! PM me before year end

 

Jysin

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Just goes to show you should be making orders at key price points, regardless of your feelings. I trimmed 1/3 of my SPY from the 100DMA purchase through the highs yesterday. I will trim another 1/3 position if we hit the macro ascending trend line on the SPY daily.

My overall market feeling this week is that I just dont trust this low volume holiday move. I am just sitting and trimming the swings of the last dip into new all time highs. This isn't the place to be taking on new positions of any significant size. (Low volume and all time highs)

I had kept an eye on PYPL, but I dont like the fact the wider market has made quite a move off the lows, but PYPL hasnt really moved much relatively speaking. If the market has a pull back over a day or two, I wouldn't trust PYPL. This is more sitting and waiting for me.

Also been watching ORCL to form a base on the recent weakness. Good company, but sold on the news of a $30B acquisition.
 
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Tmac

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Oh and get your guesses in! PM me before year end

I messaged you.
 

Furry

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So with Biden possibly throwing in the towel and the CDC recommending only 5 days of isolation now, will travel/leisure see a boost?
I really think that was Biden going off-script. His handlers will set him straight before too long. The only 5 days of isolation is only for healthcare workers who are vaccinated or something, isn't it?
 

TJT

Mr. Poopybutthole
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So up $20/share on this 300 shares a week later. This is the type of buy that early on I never understood to make. I was sitting at my computer and things looked crappy I could see no reason to buy, a bombardment of reasons to be bearish. Now old me would have gone with that, I now learn to recognize the strong bearish sentiment and I do the exact opposite of how I "feel". Called my brother after this buy and told him man this buy feels shitty so it's probably the right move. It's hard to explain just how much better my performance has been once I started to understand this better. Now it's only $6,000 profit on this SPY buy so I'm not jerking myself off over it but it's $6k that less experienced blazin of yesteryear would never have made. He'd be a salty blazin sitting on cash wondering what just happened.

Nov and and most of Dec was a real grind fest for me. I had set a portfolio high on Nov 4th and didn't hit another until last week. Paypal and draftkings where a real drag for me. I'm glad to be at new highs without them having recovered. FInishing year at your highs is always a nice bonus. I expect increased volatility next year should be another fun one.
What is your reasoning for buying CLF?
 

Sanrith Descartes

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So as I am traveling this week, I dont see any major moves for me to the end the year. I honestly cant complain about my year's performance. I made some mistakes and some miscalculations, but thats a part of the game. Biggest surprise has been the failure of PYPL to recover. If it wasn't a core holding for me I would have made a move by now. But since it is I am just riding it out. SPIR got caught up in a low float short ladder and I got greedy with puts. I made enough profit flipping my initial investment that my effective cost basis is about $3.50 a share so it sitting at $3.75 is shitty since it has eaten up all my previous profit, but I am riding this one out to see where the stock goes long term.

I hope everyone not only made some money this year, but maybe learned a thing or two about investing they didnt know the previous year. Acknowledge and accept your mistakes othewise you wont be able to learn from them.

Keep an eye on DIS. With the imminent death of Coronachan, this could be a mover in the next month or so and its still near 52-lows.
 
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Furry

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Haven't quite wrapped up the year, but looks like it went well. 30~% gains, beat my savings goals soundly. Google says average 401k balance in my age range is 38k. I'm at about 10x that. The path to retirement in my late 40s is nicely on course.

Inflation looks good from one angle at least.
 
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Tmac

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I only really started investing in stonks in June. So, I don't even have a year's worth of data yet, but I'm at like 11% overall since then.
 

LachiusTZ

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My fucking TSP was over 24% in 12 months when I looked at the last quarter statement.

So, yeah.

Money printer go brrrrr
 

Jysin

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So much mixed messaging out there for 2022 direction.


Last week, when the S&P 500 closed at a 52-week high, 334 companies trading on the New York Stock Exchange hit a 52-week low, more than double the amount that marked new one-year highs. That’s happened only three other times in history -- all of them in December 1999, according to Ramsey, who is chief investment officer for Leuthold Group.

I had been talking about this for a while. Lots going on under the hood while indexes are breaking ath after ath, lots of individual names in outright bear territory.
 
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