Investing General Discussion

Big Phoenix

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Hateyou

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We will never see Dow 27,600 again in our lifetimes.
 
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Sanrith Descartes

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It doesnt look as crazy when you see the TSLA chart. Technically we have only lost about 2 or 3 weeks of gains. Realistically however, It should probably float down to about $200. It may not but that would surprise me. That would be $1,000 pre-split. It has a lot of support around $300 (or $1,500 pre-split) and it should catch some help around there. Notice something. The 50 DMA is $329.63 and we closed today at... wait for it... $330.21 So this is our first level of support. if it cant hold this level and get some sort of bounce the elevator goes to the next stop down around $300.

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LachiusTZ

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It doesnt look as crazy when you see the TSLA chart. Technically we have only lost about 2 or 3 weeks of gains. Realistically however, It should probably float down to about $200. It may not but that would surprise me. That would be $1,000 pre-split. It has a lot of support around $300 (or $1,500 pre-split) and it should catch some help around there. Notice something. The 50 DMA is $329.63 and we closed today at... wait for it... $330.21 So this is our first level of support. if it cant hold this level and get some sort of bounce the elevator goes to the next stop down around $300.

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Technicals vs momentum and Robin Hood. Will be interesting
 

LachiusTZ

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I'd be thrilled if it went under 100$. At that price I'd buy back in. Lol
 

Furry

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Always fun to browse through wallstreetbets when the markets are red. Lots of loss porn right now. Kinda amazing how many people did things like buy TSLA calls expiring at 600 soon.



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Sanrith Descartes

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Obsessive study, experience and a dose of voodoo. I'll be giving the market a chance to hurt me if we open down big tomorrow as I'll be reapplying long positions and putting cash to work.
Are you making fun of my leet stock picking skills?

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Sanrith Descartes

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Turn arounds that occur in the after hours rarely hold as a pivot point. It can happen but pretty rare, will have to be watching volume .
Im not looking for some parabolic move back up. I just want to see it establish some firm ground. A lot of this is related to the insanity around the two splits. They had to come back down to reality. AAPL had amazing earnings when it announced the split so some of the move up needs to be kept based on their earnings. I did what I always do in times like these. looked for value that got oversold in the move down. I added some MSFT right above $200 and some NVDA near the bottom. I reached a bit for PYPL (I wanted it at $175) but long term Im happy with where I got it. I also started AMZN down around $3100.
 

Sanrith Descartes

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Riddle me this... Mortgage delinquencies are skyrocketing. Foreclosures are being stopped by the government. Eventually all that has to break free. So why are companies that are focused on/hold mortgages in their portfolio going higher?
 

Flobee

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Riddle me this... Mortgage delinquencies are skyrocketing. Foreclosures are being stopped by the government. Eventually all that has to break free. So why are companies that are focused on/hold mortgages in their portfolio going higher?
Maybe this?
 
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Blazin

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Went pretty heavy into QQQ stops now in place. My best guess is that we are going to enter a consolidation/trading range pattern for a while. Market is going to spend some time feeling out that range. I tend to do well during those periods trading more actively.

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