Stock Market Chit Chat

[mi40]

Re: Stock Market Chit Chat

but what do you think right now?

don't know because we don't know whether we'll have hyperinflation or deflation

even if people "beat the market" but they fail to beat the inflation, they're not really beating it, right?

[mi40]

Re: Stock Market Chit Chat

also today we saw a major correction to the tech "bubble" that we've been seeing

god knows how much money these guys lost by going in on short-dated positions or not realizing everything (especially tesla) was due for a correction soon.

[mi40]

Re: Stock Market Chit Chat

i got tesla and apple!
OOOO GRATS!! now wathc your money GROOWWWW!

top 2 infamous quotes muttered moments before disaster

[Poison-]

Re: Stock Market Chit Chat

How much are you down today?

[mi40]

Re: Stock Market Chit Chat

How much are you down today?

down $9k today! still up for the week by the hefty amount. i was saved by my UVXY calls since i knew fear levels would rise and boy, today was that day. my tech positions are dated through january and november however so i'm not tripping hard. people who bought into tesla or short-dated options got absolutely fucked though

[mi40]

Re: Stock Market Chit Chat

today will be very exciting! heading into a 3-day weekend with the markets closed on labor day.

will trump let the market die under his name and the election on the line?

[Poison-]

Re: Stock Market Chit Chat

Yeah I'm down across the board, but not panicking like everyone else seems to be. Might just average down a bit.
Down $780 today

[mi40]

Re: Stock Market Chit Chat

WHOO that's an exciting day. we nearly touched the 200 day moving average for QQQ so now i feel it's a pretty safe time to go long through january. sold off all my hedge UVXY calls and jumped back into AAPL $120c for 1/15/21. despite all of apple's production issues and iphone release delay, i feel that AAPL took the brunt of the market correction so will be rebounding just as hard when the time comes.

[mi40]

Re: Stock Market Chit Chat

Yeah I'm down across the board, but not panicking like everyone else seems to be. Might just average down a bit.
Down $780 today

i think if we open green on labor day, we're officially done with the downturn correction. the fundamentals are still the same, it's just that everybody was WAYYY too frothy and the entire market was melting UPWARDS the past week.

hopefully this event shook out all the people with no conviction (doing 0 due diligence and just buying tesla blindly for example) and hopefully the market returns to slower, steadier gains (and also slower and steadier LOSSES).

[gold stinger]

Re: Stock Market Chit Chat

hopefully the market returns to slower, steadier gains (and also slower and steadier LOSSES).

hahahahaha November is going to be a shitshow.

[phe0nixblade]

Re: Stock Market Chit Chat

tesla is just insane.. i refuse to touch it though.

Probably smart I bet a decent amount of people just lost some money to it thankfully I randomly sold mine conveniently the day before it's new high and also right before it went down a lot lol.

[mi40]

Re: Stock Market Chit Chat

Probably smart I bet a decent amount of people just lost some money to it thankfully I randomly sold mine conveniently the day before it's new high and also right before it went down a lot lol.

and there was just news that Tesla won't be included in the S&P 500, which was what drove a lot of the buying action, things are not looking for Tesla lol

[Poison-]

Re: Stock Market Chit Chat

https://www.cnbc.com/2020/09/04/soft...n-options.html

[mi40]

Re: Stock Market Chit Chat

https://www.cnbc.com/2020/09/04/soft...n-options.html

yep i just read that, funny stuff but also pretty concerning

[mi40]

Re: Stock Market Chit Chat

https://www.cnbc.com/2020/09/04/jobs...ust-2020-.html

hopefully this signals a more stable return to normality..