Investing General Discussion

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.

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.

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.

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

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.

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

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.

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.

I guess the markets think trump is winning.

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.

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.

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