Investing General Discussion

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Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
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Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
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ABBV to the rest of the stock market right now...

middle fingers GIF by Hyper RPG
 
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Jysin

Jysin

Ahn'Qiraj Raider
6,462
4,346
Sanrith Descartes said:
They magically declassified it just before Russia is supposed to invade. What changed that the intel in it is no longer deemed secret?
Click to expand...
Probably far better optics getting this news out worldwide before they try it vs trying to claim they had the intel after the fact.
 
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Blazin

Blazin

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<Nazi Janitors>
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$445 is a very logical back test of the 200d on SPY, QQQ however is in an uglier situation. Bulls don't defend 445 then things will get ugly pretty quickly
 
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Mist

Mist

REEEEeyore
<Gold Donor>
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Sanrith Descartes said:
ABBV to the rest of the stock market right now...

middle fingers GIF by Hyper RPG
Click to expand...
Yeah well when you sell commonly prescribed drugs that are $4100 a dose you can do that lol.

Just prior to COVID I could have been senior telecom engineer for ABBV, but I would have been responsible for integrating 75 different phone systems and have to move to northern IL, for not nearly enough money. Glad I held out for something better.
 
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Blazin

Blazin

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Just sold 3 more SPY put contracts $443 strike exp tomorrow. On these shares I'm tempting fate some. We either stabilize tomorrow and I'll re sell the 6 contracts a couple weeks out for around $420 strike or we continue down and I take the shares back I sold yesterday but having gained another $10/share alpha on the market.
 
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Blazin

Blazin

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Less experienced me of yester-year would have been glad to have moved to cash and would probably sit on the sidelines. I learned though that the best thing you can do when you successfully time the market is to take the alpha gain and get back in (and it's not real alpha gain till you do). Astute traders can often get out at upper levels where they fail miserably and lose to the market is their failure to take the win and get back in.

There is a danger to being out of the market, may notice I'm pretty active during these market periods but it only works by sticking to these rules.
 
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Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
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Blazin said:
It's just a term invented so people can make themselves look silly and quote them during 1000% bull markets. They have "some" value at the bottom of bear markets, but to make it even more laughable people quote trailing PE under some delusion the market trades on what has already occurred.

It's a little more respectable to look at projected earnings in the next 1-5 years and then extrapolate what you are willing to pay for those earnings, but that would still be of less value than looking at cash flow for the same period.
Click to expand...
Here is the cash flows...

1643922300690.png
 
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