Current Events > Stock Market General #47

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littlebro07
10/10/22 11:14:04 AM
#1:


We let it get purged over the weekend :(

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TaylorHeinicke
10/10/22 11:14:24 AM
#2:


first

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Dat_Cracka_Jax
10/10/22 11:15:09 AM
#3:


littlebro07 posted...
We let it get purged over the weekend :(
Oh no... Tag

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Mearcstapa
10/10/22 11:19:09 AM
#4:


hitting new lows. eeeexcellent...

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doomcrusader
10/10/22 2:15:53 PM
#5:


Tag for great losses.

Since I started investing 2 years ago, I'm down 40%!

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#6
Post #6 was unavailable or deleted.
vbty3
10/10/22 5:58:10 PM
#7:


[LFAQs-redacted-quote]

This

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Dan_Haren-
10/11/22 12:53:23 AM
#8:


I'm as pessemisitc as ever. I think the general public is accepting what I've been saying. Jamie dimon today said he thinks the S&P could easily go down another 20%. BoA came out and said they are expect in '23 about 175k jobs lost per month and expect unemployment to peak at 5.5%.

I'm now moving cash into my Robinhood account to unload on leveraged bear ETFs.
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Questionmarktarius
10/11/22 12:57:26 AM
#9:


If anyone can turn me on to thorium futures, please?
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littlebro07
10/11/22 2:05:11 PM
#10:


Up to 8 shares of Ford now

If I get up to 100 I get discounts on new cars! >_>

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TaylorHeinicke
10/11/22 2:08:16 PM
#11:


littlebro07 posted...
Up to 8 shares of Ford now

If I get up to 100 I get discounts on new cars! >_>
but then you have to drive a ford

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littlebro07
10/11/22 2:20:06 PM
#12:


TaylorHeinicke posted...
but then you have to drive a ford

it also counts for Lincoln!

which is basically Ford but prettier >_>

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theAteam
10/11/22 2:58:29 PM
#13:


Pumped all day then lost within a half hour wtf happened

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Anony1125
10/11/22 3:13:05 PM
#14:


loading up on 3x leveraged bull ETFs because we're going to the moon any day now!

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__aCEr__
10/11/22 3:37:39 PM
#15:


These topics used to be fun.

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littlebro07
10/11/22 3:52:06 PM
#16:


__aCEr__ posted...
These topics used to be fun.

They will be again one day

maybe

Narrator: they were never fun again

I remember like late Jan-early Feb 2021 when a ton of us were in ENZC and getting rich as fuck over the course of a few days. Good times. If only I sold. T_T

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Dan_Haren-
10/11/22 8:34:08 PM
#17:


What was that biotech company with the COPD drug?

I just bought some IMMX. I don't see any red flags and it seems promising. Seems like the company has enough cash that they won't go bankrupt before their new drug finishes up phase 2 trials.
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littlebro07
10/11/22 9:40:59 PM
#18:


Dan_Haren- posted...
What was that biotech company with the COPD drug?


TSOI?

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CE_gonna_CE
10/11/22 9:56:53 PM
#19:


Going by the be greedy when others are fearful, and fearful when others are greedy mantra, I figured that once these topics lost steam it would be just as decent a ls any signal to start buying.

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Dan_Haren-
10/11/22 10:14:30 PM
#20:


Thursday is a big deal. New CPI numbers for September. The forecast is 8.1%.

Housing is coming down now - See case-schiller index, see your local neighborhood on zillow
Car prices are coming down - See CarGurus.com
Oil is going up - See your local gas station, Opec, european energy crisis
Food - PPI numbers come out tomorrow at 5:30am PT
Services - Going up

The market is going to overreact to the PPI tomorrow and CPI on thursday. If inflation is below expectations, market will rally like crazy for a few days until the fed says stfu. If inflation is above expectations, market will tank worse than it has all year because everyone is expecting inflation to be down. That would be a surprise if its still super high.

And the numbers we're looking at are still >8%, which is insane to me that the market is so down and ready to rally and we haven't even broken 8% yet.
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Dat_Cracka_Jax
10/12/22 10:38:13 AM
#21:


Dan_Haren- posted...
What was that biotech company with the COPD drug?

I just bought some IMMX. I don't see any red flags and it seems promising. Seems like the company has enough cash that they won't go bankrupt before their new drug finishes up phase 2 trials.
What's with immx? Looks like they're down 80% ytd

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Dan_Haren-
10/12/22 10:58:49 AM
#22:


They have a new drug for soft tissue sarcoma and solid tumors that seems promising in pre-clinical trials. Theres ongoing phase 1/2 trials right now. I think they should be done collecting data some time next year. They are collaberating with Biogene to combine their med with a current FDA approved med as a regimen. Seems like a solid group of people with experience. They got FDA orphan drug status which means alot of their costs are now tax deductible. They don't really have much in terms of operating costs. I saw the balance sheet showed an increase of cost from 300k to like 900k, mainly due to salaries of the people involved. They have like 19 mil in cash. I'm hoping I'm getting in early and theres some good news when these current trials finish up and just profit off that good news. If the results truly seem promising, then I might just hold for long term.

TLDR: biotech penny stock, moderate risk high reward.
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Returning_CEmen
10/12/22 10:59:59 AM
#23:


Dont be this guy
*inserts gif of guy losing money*


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krazychao5
10/12/22 11:48:51 AM
#24:


thought we all died since i never got new messages for the topic.

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Dan_Haren-
10/12/22 12:12:42 PM
#25:


No idea why stocks are positive. PPI numbers are worse than expected. CPI tomorrow will likely be worse than expected.

Maybe people are just over it and saying fuck it, we're just gonna keep investing and ignore the fed.
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krazychao5
10/12/22 12:29:02 PM
#26:


Dan_Haren- posted...
No idea why stocks are positive. PPI numbers are worse than expected. CPI tomorrow will likely be worse than expected.

Maybe people are just over it and saying fuck it, we're just gonna keep investing and ignore the fed.
what else to do with money?

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Dan_Haren-
10/12/22 12:45:44 PM
#27:


Fed minutes from last month are also released today 2pm et.
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Dan_Haren-
10/12/22 1:04:52 PM
#28:


Like I said in other topics, stock market / economy is more entertaining than following sports. I can't believe I just recently got into this. I'm kicking myself for not getting into this stuff back in HS. I was interested in it as a hobby but everyone told me not to, said I would waste my time and lose money and not bother. If I started back in HS and college, I could've made exponentially more money than I did over the years.
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tommybel89
10/12/22 1:19:11 PM
#29:


It is definitely worth getting into. And this type of market will offer opportunities to get something cheaper than usual.

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Makeveli_lives
10/12/22 5:16:19 PM
#30:


25 percent gains on ENZC. Losing at least 15 of that by the weekend but still its good to see.

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littlebro07
10/12/22 5:24:14 PM
#31:


Makeveli_lives posted...
25 percent gains on ENZC. Losing at least 15 of that by the weekend but still its good to see.

wtf happened

my internet was out all day lol

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Makeveli_lives
10/12/22 6:11:57 PM
#32:


littlebro07 posted...
wtf happened

my internet was out all day lol
Idk dont see any articles. Was only up like 3-4 percent until the last 20 minutes looks like. Fucking ran up that hill like the season finale of Stranger Things.

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littlebro07
10/12/22 8:08:55 PM
#33:


Makeveli_lives posted...
Idk dont see any articles. Was only up like 3-4 percent until the last 20 minutes looks like. Fucking ran up that hill like the season finale of Stranger Things.


Twitter be like sOmEoNe KnOwS sOmEtHiNg

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theAteam
10/13/22 8:50:58 AM
#34:


CPI worse than expected. See you in hell

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Dan_Haren-
10/13/22 9:27:42 AM
#35:


I'm up big with sqqq but down big with immx
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littlebro07
10/13/22 9:30:42 AM
#36:


Social Security recipients got an 8.7% raise

My mom just started collecting this month after having not worked for over ten years (dad makes enough for her to stay home) so she's gonna be fucking thrilled lol

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CE_gonna_CE
10/13/22 9:32:36 AM
#37:


At one point I was down 50-60+ on SQQQ. Now Im at only 5% down.

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Mearcstapa
10/13/22 9:35:38 AM
#38:


10Y yields above 4%

woop woop!

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Dat_Cracka_Jax
10/13/22 9:38:50 AM
#39:


Just got a $5k windfall, thinking of sticking it all in ibonds

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Dan_Haren-
10/13/22 10:11:11 AM
#40:


Dat_Cracka_Jax posted...
Just got a $5k windfall, thinking of sticking it all in ibonds

That would be smart
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CE_gonna_CE
10/13/22 10:13:21 AM
#41:


Dan_Haren- posted...
That would be smart
Agreed. Pretty much the safest, highest return vehicle you can park anything in now.

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RISEofCHRISTIAN
10/13/22 10:18:50 AM
#42:


done day trading for the day. kinda pissed because i'm 50 cents away from $20 profit

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Dan_Haren-
10/13/22 10:24:36 AM
#43:


All these high up finance guys like CEOs, CIOs, hedge fund high ups all were talking about how the fed should slow down. They are all full of shit. Everyone on CNBC is full of shit.
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littlebro07
10/13/22 10:30:27 AM
#44:


RISEofCHRISTIAN posted...
done day trading for the day. kinda pissed because i'm 50 cents away from $20 profit

https://gamefaqs.gamespot.com/a/user_image/0/9/4/AAfMaiAADxem.png

TSOI and ENZC seem to be pretty decent day trade stocks to take small profits, they both fluctuate a lot

Thinking of throwing a few hundred extra at each specifically to flip every few days, seems like it'd be easy to double my money pretty often on those based on their history the past several months

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krazychao5
10/13/22 10:36:17 AM
#45:


littlebro07 posted...
TSOI and ENZC seem to be pretty decent day trade stocks to take small profits, they both fluctuate a lot

Thinking of throwing a few hundred extra at each specifically to flip every few days, seems like it'd be easy to double my money pretty often on those based on their history the past several months
problem with penny stocks is the trading fee.

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Dan_Haren-
10/13/22 10:38:48 AM
#46:


If I was purely a long term investor, I would honestly put slot of money into long term bonds right now...a mix of high rates corporate bonds and treasuries. Only thing holding me back is that I'm saving for a down payment for a house so I need as much cash on hand in 1+2 year time frame. If I already owned a house I would nodoubt be putting like double or triple my usual amount into bonds.
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krazychao5
10/13/22 10:39:51 AM
#47:


Dan_Haren- posted...
If I was purely a long term investor, I would honestly put slot of money into long term bonds right now...a mix of high rates corporate bonds and treasuries. Only thing holding me back is that I'm saving for a down payment for a house so I need as much cash on hand in 1+2 year time frame. If I already owned a house I would nodoubt be putting like double or triple my usual amount into bonds.
idk i'm skeptical on bonds. what's the best way to buy them?

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Dan_Haren-
10/13/22 10:43:04 AM
#48:


Honestly, I don't know. I would need to do more research. I use vanguard, I've played around with that. I need to read about bond ladders and what's the best way.
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littlebro07
10/13/22 10:52:18 AM
#49:


krazychao5 posted...
problem with penny stocks is the trading fee.

Ah yeah I forgot about that, think it's like $6 or 7 per trade? Haven't bought a penny in awhile

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RISEofCHRISTIAN
10/13/22 10:55:05 AM
#50:


littlebro07 posted...
TSOI and ENZC seem to be pretty decent day trade stocks to take small profits, they both fluctuate a lot

Thinking of throwing a few hundred extra at each specifically to flip every few days, seems like it'd be easy to double my money pretty often on those based on their history the past several months

TQQQ/SQQQ are my main go to right now.

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