Investing General Discussion

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Blazin

Blazin

Creative Title
<Nazi Janitors>
6,948
36,129
Are we going to get a boring ass inside bar day? Look at SPY chart and makes perfect sense why we are sitting here, look at QQQ chart and wonder wtf we are doing in no mans land.
 
  • 1WTF
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Blazin

Blazin

Creative Title
<Nazi Janitors>
6,948
36,129
Big Phoenix said:
You jinxed it.
Click to expand...
Was hoping so.
1725549644370.png


Look at this fuckery on the 4hr chart of QQQ, right up and kissed it then strong rejection. now to set a new low. More blood please.
 
  • 1Rustled
Reactions: 1 user
Jysin

Jysin

Ahn'Qiraj Raider
6,457
4,345
I think it’s just going to chop this level until jobs data tomorrow.
 
  • 3Like
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Blazin

Blazin

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<Nazi Janitors>
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Only level I'm willing to play today but it's probably better to wait till tomorrow.

1725549914017.png
 
  • 2Like
  • 1To the Moon!
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Rangoth

Rangoth

Blackwing Lair Raider
1,723
1,861
We do seem stuck in the corridor.

I decided to roll my SPY puts to take some profit while we loiter in this range.

  1. Exited Nov 15 P @ 520
  2. Entered Oct 18 P @ 525

This allowed me to realize 40k in gains on the position and essentially re-enter it with a shorter window. Basically it's a safety against a pullback and move upwards. Which if it happens I will sell the new position at a minor loss or if we keep going down I would dump the new position once SPY hits the new resistance between 535-540. If SPY hits that level I will sell the new position from the roll at whatever profit it's gathered at that time.
 
  • 3Like
  • 1Mother of God
Reactions: 3 users
Haus

Haus

<Silver Donator>
12,704
49,334
So read an article today.... Warren Buffet apparently just sold close to a billion worth of Bank of America stock, and is now sitting on around a quarter of a Trillion in cash.

Hurm... If only there was something we could interpret from this action.....
 
  • 1Like
  • 1Mother of God
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Blazin

Blazin

Creative Title
<Nazi Janitors>
6,948
36,129
Haus said:
So read an article today.... Warren Buffet apparently just sold close to a billion worth of Bank of America stock, and is now sitting on around a quarter of a Trillion in cash.

Hurm... If only there was something we could interpret from this action.....
Click to expand...
That the BRK model is broken at this size? He has been sitting on a large cash pile for years. Not to mention people really need to stop assuming every BRK trade has anything to do with Warren. He is less involved in their trades than he has ever been in our life times.
 
  • 2Like
  • 1Solidarity
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Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
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Blazin said:
Not to mention people really need to stop assuming every BRK trade has anything to do with Warren. He is less involved in their trades than he has ever been in our life times.
Click to expand...
So you're saying I should sell my OXY?
 
Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
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Meaningless tidbit of info that may only interest me:

PLTR has a marketcap of just shy of $70B
 
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