The Official Stock Market Thread

[Viking6]

Came into the thread to talk about Nvidia and now leaving sad.

Condolences to JMarch's family. His insights into investing were extremely valuable. I appreciate all the help he has provided in this thread.

RIP. Way to young to go out

[ajlaxmn]

Condolences to his family, very knowledgeable guy. That is way too young.

RIP.

[swerve]

Man, that is terrible news. RIP..

[Boo]

Terrible, way too young. Condolences to his family.

[pcptrade]

Terrible news. My heartfelt condolences to his family. May his soul rest in peace.

[cash4cards]

Terrible news indeed, I always enjoyed his insights and the way he thought about investing. Way to young!

https://www.connorhealy.com/obituary/jason-marchand

[Vintagecollect]

Jesus, hope he left them with some good stocks! RiP

Sent from my SM-S918U using Tapatalk

[xbignick]

Wow...speechless...

[eastbayak]

Just sad news :/

[JosieD]

Originally Posted by finfangfan

In sad news, I saw that Jmarch’s profile wasn’t active since May 7th… which struck me as odd since he was usually quite active. I did a Google search and it appears he might have died on May 9th at the age of 41.

My heart goes out to his family.

This is very sad news.

[jlzinck]

I am so saddened by Jason's passing.

I reached out to his wife this evening and asked for their address as I want to send his daughter Katherine something in the mail.

I told her what a great member he was here and about my interactions with him.

I also told her that I was pretty sure that he had some valuable cards and that we as a community would point her in the correct direction if she ever decided to sell the cards.

I also asked if there was a GoFundMe or scholarship fund set up for Katherine.

If I hear back from Christine I will update this.

Rest well Jason

Originally Posted by finfangfan

In sad news, I saw that Jmarch’s profile wasn’t active since May 7th… which struck me as odd since he was usually quite active. I did a Google search and it appears he might have died on May 9th at the age of 41.

My heart goes out to his family.

Originally Posted by Braswell10

I really really hate to hear that. He always had some good takes on here. I don’t know if it is just me, but it seems there is just so much bad news like this all the time nowadays.

Prayers to his family, can’t stand people going so young, just makes me feel so bad.

Originally Posted by KhalDrogo

Terrible. Young kid too.

Originally Posted by awz50

Oh no!

This saddens me a lot, talked to him a ton in the red sox thread for the past almost 9 years it seems. Very sad

Originally Posted by Viking6

Came into the thread to talk about Nvidia and now leaving sad.

Condolences to JMarch's family. His insights into investing were extremely valuable. I appreciate all the help he has provided in this thread.

RIP. Way to young to go out

Originally Posted by ajlaxmn

Condolences to his family, very knowledgeable guy. That is way too young.

RIP.

Originally Posted by swerve

Man, that is terrible news. RIP..

Originally Posted by Boo

Terrible, way too young. Condolences to his family.

Originally Posted by pcptrade

Terrible news. My heartfelt condolences to his family. May his soul rest in peace.

Originally Posted by xbignick

Wow...speechless...

Originally Posted by eastbayak

Just sad news :/

Originally Posted by JosieD

This is very sad news.

[Boo]

Originally Posted by jlzinck

I am so saddened by Jason's passing.

I reached out to his wife this evening and asked for their address as I want to send his daughter Katherine something in the mail.

I told her what a great member he was here and about my interactions with him.

I also told her that I was pretty sure that he had some valuable cards and that we as a community would point her in the correct direction if she ever decided to sell the cards.

I also asked if there was a GoFundMe or scholarship fund set up for Katherine.

If I hear back from Christine I will update this.

Rest well Jason

Thanks Jon, I was hoping someone would contact the family.

[mattglet]

Jason was a good dude, answered a lot of questions for me.

Absolutely terrifying that he was only 41.

[awz50]

Originally Posted by mattglet

Jason was a good dude, answered a lot of questions for me.

Absolutely terrifying that he was only 41.

Heart disease and other heart problems, are just terrifying in general

[Josh611]

Wow. Hope nothing but the best for his family. I have had tons of messages back and forth with Jason. Not just card/stock related but life, career, sports, anything really. Learned a ton from him and he was always open to discuss anything. He will certainly be missed.

I know his daughter liked Pokémon cards. Jon, please let me know if you hear anything back

[finfangfan]

AI continuing a strong run…

[finfangfan]

I ended up selling out my entire AI position at high $36’s. This has been a great one to trade in 2023. If it goes back down I will likely be back in.

Anyone have any depressed stocks they are accumulating lately? Looking to start a new position in my Roth and always looking for suggestions.

[Braswell10]

I thought we were in a recession and that everyone is scared?? The market is doing great!

I went all cash about a month ago and missed out on this huge run

[KhalDrogo]

Shorting NVDA here. Insanely overbought on every time frame. Worth the risk.

Also trimmed TSLA a bit. Great run, but got to almost 40% of my portfolio.

[finfangfan]

Good call on trimming NVDA. I have a bit of that in my long term taxable account and also my Roth. I sold out my remaining Roth position just now but won’t touch the taxable.

[pcptrade]

Originally Posted by KhalDrogo

Shoring NVDA here. Insanely overbought on every time frame. Worth the risk.

I am doing the same using a different risk strategy. I am selling (STO) July 750 calls at 0.90 per contract and above to collect the premium instead of shorting the stock directly. I get to keep the premium as long as NVDA is below 750 by July 21st 2023. Extremely unlikely to make another ~100% run in 2 months. My guess is it consolidates in the 360-450 area for a few more months. I will likely sell more July 750 calls if it rallies towards the 450 area in the next two weeks.

[pcptrade]

NVDA drops 4% from the morning highs and the July 750 call value drops from 0.95 to 0.5 per contract. A nice intraday gain of ~45%. I bought to close (BTC) some of the July 750 calls that I sold for 0.90 in the morning for 0.50 just now.

[pcptrade]

Originally Posted by pcptrade

NFLX hit 360. META almost at 150. I have a feeling the market makers are going to screw the doom and gloom crowd who have been on the sidelines waiting for another 20% drop. I am long GOOGL and other big tech via SCHG. I was waiting for GOOGL and AMZN to drop to 75 to add more to my existing long positions. Was it worth waiting for the last 10% drop to my buy zone when they were both at 83? Sometimes it is better not to chase the last 10-20% downside when you know the long term upside is likely 100%. Time in the market is more important than timing the market. Are the majority here still looking for 3000-3250 in S&P?

Glad I did not wait for another 10-20% drop in Alphabet and Amazon to initiate a position in my brokerage account. Not sure if we are going to see sub-80 levels on them.

Screenshot_20230531-082644~3 by icollector23, on Flickr

[finfangfan]

I’m buying some MARA in the low $9’s.

[jcardstore]

Originally Posted by pcptrade

Glad I did not wait for another 10-20% drop in Alphabet and Amazon to initiate a position in my brokerage account. Not sure if we are going to see sub-80 levels on them.

Screenshot_20230531-082644~3 by icollector23, on Flickr

If I may ask, what’s the point in owning 1 share of those other random companies when 99% of your holdings are 2 names?