The Official Stock Market Thread - Page 138

Cheken · 05-10-2022, 11:52 AM

sofi being slammed! who else holding LOL

NCtheBBcradle · 05-10-2022, 11:54 AM

Dang, SOFI. Under 5$.

Boo · 05-10-2022, 11:56 AM

Quote:

Originally Posted by GeechQuest

I didn’t contribute to my 401K out of fear from 2009-2014. Biggest mistake I’ve ever made financially.

AUPH up 20%

xbignick · 05-10-2022, 03:17 PM

U, COIN, SOFI no bueno

pcptrade · 05-10-2022, 03:37 PM

Added some more COIN in AH. Small position (speculative bet). It could drop to 50 and I will value average more at those levels. I like the risk to reward here

KhalDrogo · 05-10-2022, 04:56 PM

This is dot com bursting all over again. A lot of these garbage tech stocks are going straight to 0.

Josh611 · 05-10-2022, 06:33 PM

Quote:

Originally Posted by KhalDrogo

This is dot com bursting all over again. A lot of these garbage tech stocks are going straight to 0.

Been that way since March of 2021.

There will likely be some amazing opportunities out of this but only time will tell. I agree with you most will go to 0 or be bought out for Pennie’s on the dollar by the vultures.

Josh611 · 05-10-2022, 09:59 PM

https://www.marketwatch.com/amp/stor...ut-11652189689

2/3rds of their gains since 2001.

GeechQuest · 05-11-2022, 05:59 AM

Quote:

Originally Posted by Boo

AUPH up 20%

I’m still buying, selling puts, and have some October $12 calls as well.

KhalDrogo · 05-11-2022, 07:48 AM

Wonder if this LUNA/UST problem is crypto’s Lehman Brothers equivalent.

finfangfan · 05-11-2022, 07:52 AM

Quote:

Originally Posted by KhalDrogo

Wonder if this LUNA/UST problem is crypto’s Lehman Brothers equivalent.

I know nothing about crypto but this doesn’t look good… https://www.cnbc.com/2022/05/11/terr...80percent.html

KhalDrogo · 05-11-2022, 08:12 AM

Quote:

Originally Posted by finfangfan

I know nothing about crypto but this doesn’t look good… https://www.cnbc.com/2022/05/11/terr...80percent.html

I don’t know much either, but same principle applies. Extremely risky assets that are claimed to have little to no risk. That’s the entire concept of a “stablecoin”. It appears that all it took to take Terra and Luna down was one person in a coordinated “attack”. And I put attack in quotes because objectively it was just a bet against the two.

k13 · 05-11-2022, 08:34 AM

You guys still buying the dip...

Josh611 · 05-11-2022, 09:22 AM

Quote:

Originally Posted by k13

You guys still buying the dip...

Yes
Doubled my NXST position before earnings on Monday and just unloaded half.

There are some stocks that won’t get killed.

I am not buying the dip on unprofitable companies but there are plenty still raking in cash.

Josh611 · 05-11-2022, 09:32 AM

Quote:

Originally Posted by KhalDrogo

Wonder if this LUNA/UST problem is crypto’s Lehman Brothers equivalent.

Wasn’t this like $70B+ wiped out in the matter of a week?

pcptrade · 05-11-2022, 10:00 AM

Quote:

Originally Posted by k13

You guys still buying the dip...

Yep. I started buying at S&P 4000-4100 and lookin to buy the dip all the way down to S&P 3200. Have plenty of cash (profits from sports cards) still on the sideline. I am selling OTM covered calls to collect premium.

Cheken · 05-11-2022, 10:54 AM

Quote:

Originally Posted by pcptrade

Yep. I started buying at S&P 4000-4100 and lookin to buy the dip all the way down to S&P 3200. Have plenty of cash (profits from sports cards) still on the sideline. I am selling OTM covered calls to collect premium.

That's amazing... i bought alot of cards (probably 600-700k in the last 2 years since i came back which to some of the ballers may seems like small change lol) - but i do get a bit attached to them chasing sets etc so probably sold off .0001% of them however i guess I'm not in need of using the $ from them (at least not for now - hopefully i will never need to!). For most bigger purchases, i probably can sell for good profit and for set chases/scrubs - i think they are all at a loss LOL. Who knows, maybe in another few years, they will all fall back down to previous prices so the fact that you can buy & sell for profit - i admire that!

Now onto the market - will continue to buy more myself as market drops as well but going to be more discipline in what i buy these days..

pcptrade · 05-11-2022, 11:59 AM

Quote:

Originally Posted by Cheken

That's amazing... i bought alot of cards (probably 600-700k in the last 2 years since i came back which to some of the ballers may seems like small change lol) - but i do get a bit attached to them chasing sets etc so probably sold off .0001% of them however i guess I'm not in need of using the $ from them (at least not for now - hopefully i will never need to!). For most bigger purchases, i probably can sell for good profit and for set chases/scrubs - i think they are all at a loss LOL. Who knows, maybe in another few years, they will all fall back down to previous prices so the fact that you can buy & sell for profit - i admire that!

Now onto the market - will continue to buy more myself as market drops as well but going to be more discipline in what i buy these days..

I am still holding on to my key high end cards. I have no plans to sell them at least for the next 5-10 years. I wish you good luck

imbluestreak23 · 05-11-2022, 01:19 PM

401K down 16.8% on the year. Love it! Get the Buffet indicator back to historical averages. Want to start buying the market with my paycheck at a discount, not at 2x valuations

Cheken · 05-11-2022, 01:40 PM

Quote:

Originally Posted by imbluestreak23

401K down 16.8% on the year. Love it! Get the Buffet indicator back to historical averages. Want to start buying the market with my paycheck at a discount, not at 2x valuations

I remember buffet said be greedy when others are fearful!

NeedChapmans · 05-11-2022, 02:44 PM

OK people, 20 minutes from a Disney drop. PE ration of 62 assuredly gets smaller right?

xbignick · 05-11-2022, 03:13 PM

There we go CPNG, back to where we were two days ago.

TimBuckTwo · 05-11-2022, 03:15 PM

Hello. Are we near a bottom or what are the experts saying?

I can't find the Marketwatch article with someone calling the lows.

Morgan Stanley said S&P to 3900 but we are there and I think it goes lower.

Wife has lost 9k in her 401k since November. I am down at least 5K but I had been pumping into it on the way down.

finfangfan · 05-11-2022, 04:09 PM

Again… I don’t own any Crypto but this sounds scary:

“In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too.

Coinbase said in its earnings report Tuesday that it holds $256 billion in both fiat currencies and cryptocurrencies on behalf of its customers. Yet the exchange noted that in the event it ever declared bankruptcy, “the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings.””

Pacmeyer · 05-11-2022, 04:39 PM

Quote:

Originally Posted by TimBuckTwo

Hello. Are we near a bottom or what are the experts saying?

If crash predictions from the last couple of years are to be believed, not by a long shot.

05-10-2022, 11:52 AM	#3426
Cheken Member Join Date: Jan 2011 Location: Queens, New York Posts: 3,133	sofi being slammed! who else holding LOL __________________ http://s1107.photobucket.com/albums/h381/ChekenCollection/

05-10-2022, 03:17 PM	#3429
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,306 xxbignick	U, COIN, SOFI no bueno __________________ @xxbignick on twitter

05-10-2022, 03:37 PM	#3430
pcptrade Member Join Date: Jun 2018 Posts: 7,630	Added some more COIN in AH. Small position (speculative bet). It could drop to 50 and I will value average more at those levels. I like the risk to reward here __________________ Jealousy is a form of hatred built on Insecurity. It's the unhappy and insecure people who show hatred, jealousy and try to bring others down. Instagram:icollector23, Flickr:https://www.flickr.com/photos/144335251@N08/albums

05-10-2022, 04:56 PM	#3431
KhalDrogo Member Join Date: Aug 2017 Posts: 41,109	This is dot com bursting all over again. A lot of these garbage tech stocks are going straight to 0. __________________ I love PSA!

05-10-2022, 09:59 PM	#3433
Josh611 Member Join Date: Dec 2010 Location: Michigan Posts: 10,018	https://www.marketwatch.com/amp/stor...ut-11652189689 2/3rds of their gains since 2001. __________________

05-10-2022, 11:54 AM	#3427
NCtheBBcradle Member Join Date: Jun 2014 Posts: 295	Dang, SOFI. Under 5$.

05-11-2022, 07:48 AM	#3435
KhalDrogo Member Join Date: Aug 2017 Posts: 41,109	Wonder if this LUNA/UST problem is crypto’s Lehman Brothers equivalent. __________________ I love PSA!

05-11-2022, 08:34 AM	#3438
k13 Banned Join Date: Jan 2014 Posts: 12,617	You guys still buying the dip...

05-11-2022, 01:19 PM	#3444
imbluestreak23 Member Join Date: Mar 2012 Location: Meandering the matrix code that the hobby/forum overlords spit out Posts: 17,631 shortslabs	401K down 16.8% on the year. Love it! Get the Buffet indicator back to historical averages. Want to start buying the market with my paycheck at a discount, not at 2x valuations __________________ @shortslabs I'VE WITNESSED HOW THE SAUSAGE IS MADE HERE...IT'S ROTTEN https://www.youtube.com/c/TylerShort

05-11-2022, 02:44 PM	#3446
NeedChapmans Member Join Date: Aug 2012 Location: Connecticut Posts: 31,800 ProspectCincy NeedChapmans	OK people, 20 minutes from a Disney drop. PE ration of 62 assuredly gets smaller right? __________________ It is my legal right to freely profit from the notoriety of people who are actively suffering and possibly even dying and for a few hundred dollars I will gladly seek to maximize those profits.

05-11-2022, 03:13 PM	#3447
xbignick Member Join Date: Jul 2010 Location: New Jersey Posts: 29,306 xxbignick	There we go CPNG, back to where we were two days ago. __________________ @xxbignick on twitter

05-11-2022, 03:15 PM	#3448
TimBuckTwo Member Join Date: Oct 2013 Posts: 10,057	Hello. Are we near a bottom or what are the experts saying? I can't find the Marketwatch article with someone calling the lows. Morgan Stanley said S&P to 3900 but we are there and I think it goes lower. Wife has lost 9k in her 401k since November. I am down at least 5K but I had been pumping into it on the way down.

05-11-2022, 04:09 PM	#3449
finfangfan Member Join Date: Oct 2013 Posts: 10,986	Again… I don’t own any Crypto but this sounds scary: “In the event the crypto exchange goes bankrupt, Coinbase says, its users might lose all the cryptocurrency stored in their accounts too. Coinbase said in its earnings report Tuesday that it holds $256 billion in both fiat currencies and cryptocurrencies on behalf of its customers. Yet the exchange noted that in the event it ever declared bankruptcy, “the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings.””