Investing General Discussion

Furry

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Fogel said:

You talking strictly today, or in general? Most of my passive stuff is in SPY but was eyeing up moving some to QQQ

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Pretty sure he means today. Tech is generally a good place to have your money and I've gone years with 90+% of my money in tech heavy ETFs. I typically do MGK, which is fairly similar to QQQ. In my opinion its getting a bit bubbly looking for my tastes, so I have slimmed down to about 50%, but that obviously means I don't think it's a bad investment.

 

Sanrith Descartes

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Fogel said:

You talking strictly today, or in general? Most of my passive stuff is in SPY but was eyeing up moving some to QQQ

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Today.

 

Borzak

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Energy and materials top of the pile today. Who knows.

 

Fogel

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So pinterest went from 50 to 68 and is now back down to almost 56, think it's people mostly grabbing profits and time to jump back in? I sold at 64 the morning of the spike.

 

Sanrith Descartes

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Closed out my 11/20 PLTR calls with a small 15% gain. I wasn't planning to hold any options expiring beyond election day and I had hoped for a better result but PLTR wasn't cooperating. Shrug 15% is 15%. All my options are currently closed.

 

Sanrith Descartes

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Another run up into the closing bell. Shit is starting to piss me off.

 

Fogel

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Worked out in the end for me, put a little cash in QQQ when it was down almost 1%, but yeah, things are too irrational just before the election at this point. Just pick a direction up or down god damn it. Figure I'll do a little DCA into the indexes with each dip since we're running out of time for a major pull back to take advantage of.

 

Borzak

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My energy position up 3.28% on the day. May call it who knows what the election is going to throw into the game.

 

Sanrith Descartes

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PYPL met earnings but lowered 4th qtr guidance and the stock got hammered after hours. Looks like I will be adding some in the morning.

 

Blazin

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• Nov 3, 2020

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Sanrith Descartes said:

Another run up into the closing bell. Shit is starting to piss me off.

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Looks like we are going to open above 3320 pivot, move to 3380-3400 could be rapid if it hold at the open.

 

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Sanrith Descartes

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I think the +5% / -5% TSLA strategy is going to be my best money maker of the second half.

 

Fogel

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PLTR had at least 4 5% moves in the last 5 days as well and seems to move a lot between 9.50 - 11

 

Sanrith Descartes

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Fogel said:

PLTR had at least 4 5% moves in the last 5 days as well and seems to move a lot between 9.50 - 11

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Three analysts gave i price targets of 10, 11 and 13. I expect it to travel this range until earnings in a couple of weeks.

 

Sanrith Descartes

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I am going to try to steal some PYPL before the open if it slides down near the support level. I don't expect it to fall that far but I am looking to add some at $173.

 

LachiusTZ

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Literally everything I own is green

 

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kegkilla

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I'm thinking this market surge has a lot to do with people coming to the realization that Trump is a lot more likely to win reelection than they had previously thought.

 

Furry

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I guess the markets think trump is winning.

 

Sanrith Descartes

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Furry said:

I guess the markets think trump is winning.

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I would agree, but a massive truckload of Biden stimulus would make the markets happy too. I think the key indicator is that banks are flying. I think the banks jumping are indicative of a belief in Trump winning.

 

Furry

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Sanrith Descartes said:

I would agree, but a massive truckload of Biden stimulus would make the markets happy too. I think the key indicator is that banks are flying. I think the banks jumping are indicative of a belief in Trump winning.

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There will be more stimulus regardless of who wins I think.

 

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Sanrith Descartes

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There are literally about a dozen reds in the SP500, and almost all of them are oil companies.