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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Sanrith Descartes
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I would rather invest my hard earned shekels on hookers and blow.
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Sanrith Descartes
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Sanrith Descartes
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Blazin
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Yeah from bullard on changed everything today, Volume is now quite high, the more time the market spends worrying about the fed will do going to see a lot of red than if the fed simply started acting. Always amazing how market handles solid news even if bad so much better than something speculative. Powell has never even talked about consecutive hikes let alone .5 but because everyone knows they are behind the curve the fear builds about him suddenly snapping out of it and getting aggressive.
It is such a chuckle in light of today's news that right now the Fed continues to buy bonds and extend QE while we talk about .5 hikes.
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Sanrith Descartes
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Lightning Lord Rule
I think you are the only other person holding NUE. I am setting an exit strategy. As I look at the revenue side I see 2021 being massively pumped due to them charging huge premiums since demand was so high. The prior three years were pretty ass with negative sales growth. The more I dig the more I think its going to have a tough time once things settle down. They did close an acquisition a little bit ago which might help. End of the day I am taking the profits and running soon. I missed a $123 exit earlier today and im annoyed by it. Doubt I will sell before the close as I hate selling on shitty news, but I am looking to exit.- 1
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Jysin
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Hah.. it does shake investor confidence who were dip buying and fomo chasing the last 2 days. The more we keep selling the bounces, the less people are likely to step in to keep buying.
Tomorrow being Friday should be quite interesting.
Tomorrow being Friday should be quite interesting.
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Sanrith Descartes
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Blazin
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This is what consolidation is though, by definition and it often results in strong bullish breakouts. Investors get through these periods fine and are better off for them, traders is another matter. Only the very best can trade these kind of moves amateurs' will get wrecked and chopped to pieces. I always think of it as just eating up the clock. We all know the market can't just go up at a 25 degree angle indefinitely but the moment it pauses people lose their shit. Could last a few months, and because there is a chance it turns into a complete breakdown is why it shakes so many people, we all know that possibility is there and it keeps people on edge and always worrying about something worse. If we resolve upwards later in the year , people will look back at the chart and wonder what people were so concerned about.
The 2015-2016 consolidation (correction) period was about as challenging as they get, in that things went right to the brink of a complete breakdown, we certainly aren't there yet. When I first started trading some 20 years ago I use to think how lucky the boomers were because they could just buy in 1982 and hold for 18 yrs and make a fortune but it doesn't take long until we all learn why so many people don't make out even during raging bull markets and it's because of time periods just like this one.
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