The Investment Thread (4 Viewers)

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SaintInBucLand said:
lol and they just rug pulled all the towel bros with an offering..
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I sat it all out. I’m not surprised they did it. They see it too.

I quoted myself to highlight that last paragraph in my original post. It’s just nuts how the market just has this repeating pattern.

Revlon

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BBBY

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It’s like in football terms. Each side probably knows what’s coming. There’s the formation. We have the tape. We’ve seen it on film. Then boom…share offer.
 
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Lol. Someone did get rug pulled. And it may have been the shorts. Tune in tomorrow in the next episode of who da heck knows.

Even Elon is now tweeting about it.
 
Turfie said:
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Lol. Someone did get rug pulled. And it may have been the shorts. Tune in tomorrow in the next episode of who da heck knows.

Even Elon is now tweeting about it.
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Shorts did pretty well, I just cashed out out of mine that I bought yesterday lol
 
I’m getting really tempted on swinging BBBY. It’s at $1.88. Something tells me it’s gonna have a 20% day on either Thursday or Friday.
 
Only stock I still have popped off on earnings. Still debating on setting a stop loss.
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Kinda interesting that memes and crypto are solidly green today and the major indexes and FAANG are solidly red.

Edit: 5 day chart. GME vs FAANG

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Turfie said:
Kinda interesting that memes and crypto are solidly green today and the major indexes and FAANG are solidly red.
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Because generally retail investors and meme stock buyers have no idea how to trade a bearish market and will dump money into memes rather than learning technicals and how to play short positions.
 
SaintInBucLand said:
Because generally retail investors and meme stock buyers have no idea how to trade a bearish market and will dump money into memes rather than learning technicals and how to play short positions.
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I kinda think the last two days were FTD related. Which is retail buying. Just a delayed response.

If it is related to FTDs then I think a smart play would be shorting them all this afternoon as they normally tumble after the FTDs are wiped out.

In my Fidelity swing trading account I am all cash because I do they they tank soon. But you never know.
 
Turfie said:
I kinda think the last two days were FTD related. Which is retail buying. Just a delayed response.

If it is related to FTDs then I think a smart play would be shorting them all this afternoon as they normally tumble after the FTDs are wiped out.

In my Fidelity swing trading account I am all cash because I do they they tank soon. But you never know.
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I'm still sitting in a large SQQQ equity position. I had spy shorts from yesterday that I sold earlier and am out of everything else except 50 put contracts on Ford.
 
bclemms said:
Doubt it. My money is new lows. We are one panic sell day away from me pushing in hard but I still want to see that 7-10% single day sell off before I start getting confident in getting close to a bottom.
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Agree, I increased my EOD SQQQ position as well as some yolo spy 380 puts for next month.
 

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