Current Events > Stock Market General #47

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littlebro07
10/29/22 12:36:16 PM
#151:


CE_gonna_CE posted...
DOGE wtf lol

https://gamefaqs.gamespot.com/a/user_image/8/4/6/AAb05zAAD1FG.jpg

Elon related?

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__aCEr__
10/29/22 1:07:17 PM
#152:


A lot of the dog memecoins are pumping right now.

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fan357
10/29/22 1:14:18 PM
#153:


No reason to sell small coins unlesss you need the cash. Hold bois!

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Blue_Thunder
10/30/22 3:56:51 PM
#154:


Twitter 'bout to tank tomorrow ain't it?

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littlebro07
10/30/22 4:15:04 PM
#155:


Blue_Thunder posted...
Twitter 'bout to tank tomorrow ain't it?

isnt it not publicly traded anymore

or has that not taken effect yet

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Blue_Thunder
10/30/22 4:38:03 PM
#156:


littlebro07 posted...

isnt it not publicly traded anymore

or has that not taken effect yet

https://techcrunch.com/2022/10/28/twitter-will-be-delisted-from-the-new-york-stock-exchange-on-november-8/
https://www.nbcnews.com/business/business-news/what-happens-to-twitter-stock-now-going-private-rcna54531
You're right, my bad; it will still be on the exchange another week, but it stopped trading on Friday.

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Dan_Haren-
10/31/22 3:29:32 PM
#157:


*Nov. 2: Fed decision
*Nov. 3: BOE decision
*Nov. 4: US jobs report
*Nov. 8: US mid-term elections
*Nov. 10: US CPI
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AngelsNAirwav3s
10/31/22 9:12:43 PM
#158:


https://twitter.com/parikpatelcfa/status/1586784746125811714?s=46&t=stvBZWfRO2oU6_NRv221Ug

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Dan_Haren-
11/01/22 12:39:14 AM
#159:


I pulled out of sqqq

Lost some money but oh well. Gonna just keep everything in high yield savings account and save up for my down payment for a house.

Once that's done, in 1-2 year time frame, it's dca time into index funds.

But I think undoubtedly things will get worse. Everyone is unrealistically bullish. Inflation is raging, unemployment is too good, meanwhile real earnings are dwindling, business forecasts are poor, fed is not going to pivot. It's all a disaster scenario.

I've said this many times before.... To he market effect we've seen to thsi date is simply due to the market for pricing in rate hikes and not the effects of the rate hikes themselves which we will see mid 2023.
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CE_gonna_CE
11/01/22 9:13:48 AM
#160:


Well today seems good

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littlebro07
11/01/22 12:41:31 PM
#161:


Amazon nooooooooooooooooo

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Dan_Haren-
11/01/22 10:40:10 PM
#162:


I think fed will stay hawkish. Everyone expects 75 pts but beyond that people think there will be a slow down.

..I just don't see why there would be a slow down when inflation is raging and all things contributing to inflation are still present. The only thing looking better is real estate.
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Mearcstapa
11/02/22 3:16:13 PM
#163:


Look at the price action since Fed event started.

what a healthy market

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Dan_Haren-
11/02/22 3:52:32 PM
#164:


I lost $1000 pop on sqqq over the last few weeks and sold on Monday. I rebought today and I've already made about $450 back.
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theAteam
11/02/22 8:33:34 PM
#165:


Dan_Haren- posted...
I think fed will stay hawkish. Everyone expects 75 pts but beyond that people think there will be a slow down.

..I just don't see why there would be a slow down when inflation is raging and all things contributing to inflation are still present. The only thing looking better is real estate.

The problem is rate increases take months to work their way into the economy so they wont know if they went too far or not far enough for a long time. They definitely dont want to go too far and drive the country into a deep recession so they have more incentive to slow down and see what happens. If things are still too hot by next spring they can continue raising.

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littlebro07
11/03/22 9:50:58 AM
#166:


Of course AMZN is still dipping

The universe hates me

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Dan_Haren-
11/03/22 10:50:53 AM
#167:


Dan_Haren- posted...
I lost $1000 pop on sqqq over the last few weeks and sold on Monday. I rebought today and I've already made about $450 back.

Sold today after making back about $700 in total, up like 14% in less than 2 days.

theAteam posted...
The problem is rate increases take months to work their way into the economy so they wont know if they went too far or not far enough for a long time. They definitely dont want to go too far and drive the country into a deep recession so they have more incentive to slow down and see what happens. If things are still too hot by next spring they can continue raising.

While thats very true, I think the thinking of most people is that inflation has already peaked and will inevitably go down, the fed will stop hiking, we'll have a soft landing then things will carry on. In reality, all that would do is keep inflation high and the fed would at most do a pause before possibly hiking again, no way they truly pivot and reverse if inflation hangs out in the 6-8% range. And like I said, real estate is coming down, energy is manipulated to come down by tapping SPR, nothign else is showing any signs of stopping. Fundamentally speaking, as wages and employment flourish, it will inevitably drive up prices. And our SPR are already the lowest they've been in 40 years and we've been tapping into them since spring. Its just a bad cycle we're on with oil.

Is there a way to get inflation <2% without stopping wage growth and causing unemployment? Probably not. And the Fed has already told us multiple times that there will be suffering but they don't gaf cuz thats what it takes to control inflation.
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fan357
11/03/22 10:59:27 AM
#168:


I bought some Amazon and Meta. Lets see wha happun.

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1337toothbrush
11/03/22 7:22:43 PM
#169:


littlebro07 posted...
Ooh, AMZN under $100 now

That's definitely enticing but I fucking know the moment I buy in it'll crash to like $80
At least you were right.

By the way, is anyone interested in alibaba (baba) stock? I wouldn't touch "stocks" (actually ADRs) from China with a 10 ft pole, but this stock is pretty damn low for what is basically the amazon of China.

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littlebro07
11/03/22 7:26:14 PM
#170:


1337toothbrush posted...
At least you were right.


Me: wow $95 for Amazon shares what a steal!



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CE_gonna_CE
11/03/22 7:39:05 PM
#171:


1337toothbrush posted...
At least you were right.

By the way, is anyone interested in alibaba (baba) stock? I wouldn't touch "stocks" (actually ADRs) from China with a 10 ft pole, but this stock is pretty damn low for what is basically the amazon of China.
I tend to avoid it as I got burned on a swing trade on that several years ago. To that point, might as well buy Amazon instead.

littlebro07 posted...
Me: wow $95 for Amazon shares what a steal!

Youre paying a better price for it than anyone whos purchased in in pretty much the past 3 years. Dont sell yourself short and just keep holding. Amazon aint going anywhere.

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littlebro07
11/03/22 7:48:01 PM
#172:


Yeah Im holding, Im just butthurt that I couldve gotten it a bit cheaper and every damn stock I buy goes down as soon as I buy it

except Ford, that ones doing okay

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Trumpo
11/03/22 7:55:08 PM
#173:


I would buy amzn if it hit $60

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CE_gonna_CE
11/03/22 7:56:03 PM
#174:


If it makes you feel any better

https://gamefaqs.gamespot.com/a/user_image/3/0/5/AAb05zAAD2Kx.jpg
Im still up overall over the long term, but there is plenty I have bought for way more than what its going for today lol


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littlebro07
11/03/22 8:11:52 PM
#175:


CE_gonna_CE posted...
If it makes you feel any better

https://gamefaqs.gamespot.com/a/user_image/3/0/5/AAb05zAAD2Kx.jpg
Im still up overall over the long term, but there is plenty I have bought for way more than what its going for today lol

https://gamefaqs.gamespot.com/a/user_image/3/1/2/AADT1PAAD2K4.jpg

pain


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CE_gonna_CE
11/03/22 8:16:26 PM
#176:


littlebro07 posted...
pain
Aye, yeah. I never did hop on the ENZC train.

My drop is all pretty much legit stocks that have all tanked since the peak. ROKU, AMZN, etc

The bulk of the rise mostly comes from options that grew a ton and I didnt sell off.

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littlebro07
11/03/22 8:24:15 PM
#177:


Im just down to ENZC, AMZN, and F right now

ENZC Im holding cause Im stubborn and think it still has a chance of getting pumped again

AMZN Im just gonna keep at 10 shares and Im trying to keep adding to F is while its still cheap since I see them kicking ass over the next few years once supply shortages stop.

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fan357
11/03/22 8:30:40 PM
#178:


Yeah Im getting my ass beat. Even my 401k is hurting. But thats ok. Just sit and wait.

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__aCEr__
11/03/22 8:40:26 PM
#179:


Just keep these topics going until 2030 and we'll all be okay.

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krazychao5
11/04/22 9:57:25 AM
#180:


__aCEr__ posted...
Just keep these topics going until 2030 and we'll all be okay.
i'm hoping we are peak economy in 2050 lol

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C6Driver
11/04/22 10:56:32 AM
#181:


Since some of us are showing our portfolio losses so far, here's mine currently.
https://gamefaqs.gamespot.com/a/user_image/6/6/0/AAeMltAAD2QU.png
I have been as worse as much as around 60% .

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Cash_Smash
11/04/22 2:55:11 PM
#182:


Carvana is dead

https://twitter.com/GRDecter/status/1588599404499709952?s=20&t=uXmSmOL-w1SPGBOd0943Pg
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Anony1125
11/04/22 4:43:47 PM
#183:


C6Driver posted...
Since some of us are showing our portfolio losses so far, here's mine currently.
https://gamefaqs.gamespot.com/a/user_image/6/6/0/AAeMltAAD2QU.png
I have been as worse as much as around 60% .

ytd:
https://gamefaqs.gamespot.com/a/user_image/9/1/2/AAO7dSAAD2UQ.png

life of available data:
https://gamefaqs.gamespot.com/a/user_image/9/1/3/AAO7dSAAD2UR.png

Definitely regret starting when I did (last fall). Wish I'd waited a bit longer. Considering my yearly income is only like $40-$45k, kind of an ouch.

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CE_gonna_CE
11/04/22 4:51:09 PM
#184:


Cash_Smash posted...
Carvana is dead

https://twitter.com/GRDecter/status/1588599404499709952?s=20&t=uXmSmOL-w1SPGBOd0943Pg
Damn that is a drop all right.

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Trumpo
11/04/22 4:55:20 PM
#185:


Maybe car prices cam go back to normal within the next 6 months

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C6Driver
11/04/22 7:18:38 PM
#186:


Fwiw, CarGurus is better than Carvana.
It helped me to do better research to find my 'Vette, five and half yrs. ago.
Wow, that long already ? I can hardly believe it myself !


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Anony1125
11/06/22 6:13:08 AM
#187:


Keep it alive, the glimmer of light.

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Makeveli_lives
11/07/22 1:02:55 PM
#188:


ENZC up 21 percent right now.

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CE_gonna_CE
11/09/22 11:40:52 AM
#189:


Buy low sell low

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theAteam
11/10/22 9:07:23 AM
#190:


Sweet Jesus markets are booming on slightly lower than expected CPI

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CE_gonna_CE
11/10/22 9:11:14 AM
#191:


Yeah buddy

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Alexanaxela
11/10/22 9:43:28 AM
#192:


EDGIO (whatever that is) is down 53% for the day. How is that even possible?

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krazychao5
11/10/22 10:25:04 AM
#193:


what a weird day. way too green.

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Blue_Thunder
11/10/22 11:27:42 AM
#194:


Mock me if you must but I'm considering dropping a few hundred into one of those crypto Trust stocks to see what happens.

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Dat_Cracka_Jax
11/10/22 11:34:24 AM
#195:


Wow, I wonder how much of this is given up by end of day

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Anony1125
11/10/22 4:27:35 PM
#196:


lol wtf, my IRA up 14.5%
what a weird day

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Dat_Cracka_Jax
11/10/22 4:32:49 PM
#197:


SQQQ down 22% today

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Dan_Haren-
11/10/22 4:35:25 PM
#198:


Dat_Cracka_Jax posted...
SQQQ down 22% today

Sold it all at 62 thank God.
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Dat_Cracka_Jax
11/10/22 4:38:03 PM
#199:


Dan_Haren- posted...
Sold it all at 62 thank God.
Time to buy back in?

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Dan_Haren-
11/10/22 4:49:03 PM
#200:


I do anticipate a recession, but I think that opinion of having a bad recession is too mainstream. I've been talking about that idea since before september when most people were bullish. Then we got CPI data and fed more hawkish than ever and september went to complete shit. After that theres been a trend up.

Instead of gambling around I'm just gonna stay put. Once I buy a house in the next 1-2 years I'm gonna switch to just DCA'ing VOO and never think about this shit again.
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