Investing General Discussion

The suspense is killing me at this rate but not really. Moved my 401k to fidelity near the end of January and have been selling options and misc spacs in it waiting for the pullback to put back into indexs/ETFs and I'm up 33% in two weeks still waiting...

If it follows everything from the last 2 weeks, they'll report massive earnings and see a 15% drop.

Tmac said:

I’m also interesting in getting into longer plays. I don’t like checking my stonks every day. I much prefer that egg hatching mentality.

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For everyone that replied, I'm not looking for blue chips or the obvious long holds. There are index and ETFs for all the usuals. What I meant by long holds are individual picks that have a longer term potential for a few hundred percent over the next few years.

I'm not a swing trader and options are outside my comfort level until I learn more. Current strategy is all the usual, most in retirement/index/ETF, a little in bonds, and the rest in picks.

On the pick side, I'm looking to do about half in SPACs for the next 6-12 months or shorter/longer depending how the climate changes, and the other half on riskier long term (1-5 years) companies that have higher gain potential.

Seeing lots of stuff about AMC tomorrow. Something called 2 Million Tuesday.

Furry said:

Two million tears?

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Guess we'll find out.

So apparently AMC received a 917 million dollar cash infusion of new equity and debt capital. Also there are some rumors of Amazon buying out AMC. No idea how true that is though.

Mist said:

This is how Bayesian statistics works and it's not actually a bad analysis.

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It's a good analysis based on completely arbitrary numbers he pulled out of his ass. 1% chance of $10? Why not 1.2% of $9? When?

That guy is the most dangerous kind of dumb. He has been educated enough to think that he knows something, but does not understand the limits to his knowledge.

Lambourne said:

It's a good analysis based on completely arbitrary numbers he pulled out of his ass. 1% chance of $10? Why not 1.2% of $9? When?

That guy is the most dangerous kind of dumb. He has been educated enough to think that he knows something, but does not understand the limits to his knowledge.

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Mist is at best a shit eating chimp. You'll learn to tune out her dipshit responses in a short span of time.

TD Ameritrade finally got their shit together fixing my account. What a mess. People were talking on Reddit about options being assigned, etc that they had sold out of and being issued margin calls. Others with double positions (buy and sell). Doesn't exactly inspire confidence!

Anyway.. today is looking to be VERY green. PSTH up a lot, EBON (bitcoin play) up a lot, longer term re-opening stocks all ticking higher.

Just need Ackman to confirm Stripe for PSTH and make us all filthy rich.

*Edit* Apparently not everyone is in the clear with TDA.

PLTR beat earnings 8c (consensus 2c). Projected FY21 rev growth >30%.

Stock is down 8%.