The Official Stock Market Thread

[monkeymcgee]

Originally Posted by jcmel323

What you guys think on Muds? Has dropped like $6 since all time high. Time to buy?

I wouldn’t. I had a bunch (3-5k shares) and got out after riding the trading range. Repeated a couple times. I think I’m out for good until the ticker changes over and I get a sense of how it behaves. It keeps getting hammered on Mudrick news and I think the Topps side of this has been lost since the Candy announcement that caused the last big drop. Seems like there some stuff going on with the low volume as well.

Topps has dropped the ball on their NFTs, so part of what I thought might bring some buzz has fizzled out. Not to mention the financials for the business are not stellar.


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[finfangfan]

My Roth account got crushed today but my main account did well with DIS +4% day leading the way.

[JMarchand1981]

I get a kick out of what SPCE did to their shareholders.

“Hey, we were successful. Our guy went to space and is back safely. Thanks for your continued support.”


18 hours later: “dilute”

[finfangfan]

Originally Posted by JMarchand1981

I get a kick out of what SPCE did to their shareholders.

“Hey, we were successful. Our guy went to space and is back safely. Thanks for your continued support.”


18 hours later: “dilute”

Yeah… I’ve been out of that stock for awhile but at least let your shareholders share some benefit from the big PR event.

[Josh611]

Originally Posted by JMarchand1981

I get a kick out of what SPCE did to their shareholders.

“Hey, we were successful. Our guy went to space and is back safely. Thanks for your continued support.”


18 hours later: “dilute”

It was the ultimate eff you. Can't say I'm surprised though.

[Cavaliercards]

Originally Posted by JMarchand1981

I get a kick out of what SPCE did to their shareholders.

“Hey, we were successful. Our guy went to space and is back safely. Thanks for your continued support.”


18 hours later: “dilute”

I took the profit when it spiked to $60. Got out with profit and tax money and still had shares left over to just take a gamble on.

[Josh611]

Originally Posted by JMarchand1981

Quiet on the futures front.

I am not getting the warm-and-fuzzies heading into earnings season. I am putting together a compelling flight to cash and safety for about 30% of our overall portfolio. It will be easier with everyone on board, but the majority will work.

I'm right there with ya.

There will always be more opportunities.

[JMarchand1981]

Originally Posted by Josh611

I'm right there with ya.

There will always be more opportunities.

We did some trimming today. Trimmed and then bought puts on our long positions with the new cash. We went all dry erase board at 4 am using hypothetical market opens. I was impressed with the dedication of my team. 4 am is no joke and it’s definitely not a normal hour.

We protected everything to 12-15% gain. Hypothetically, if the Market hits zero tomorrow we just dump, secure the 12-15% and then start buying.

[Josh611]

Originally Posted by JMarchand1981

We did some trimming today. Trimmed and then bought puts on our long positions with the new cash. We went all dry erase board at 4 am using hypothetical market opens. I was impressed with the dedication of my team. 4 am is no joke and it’s definitely not a normal hour.

We protected everything to 12-15% gain. Hypothetically, if the Market hits zero tomorrow we just dump, secure the 12-15% and then start buying.

I’m up at 4am every day but not by choice. Couldn’t even tell you the last night I slept through the night.

But yeah, that’s dedication meeting in that state of mind at 4am.

I’m causiociky optimistic. There’s a lot of good baked in everywhere right now. I’m not so sure we see an overall market correction, but I’m sure some opportunists will arise. I mean a lot of stuff has really corrected the last few weeks/month.

I needed to withdraw some cash so that played a part in my trimming, but I feel it was a good opportunity to do so.

[btmcrushers]

11 Positions entered into between April 4 - June 6th

All but 2 are red

Still in the green overall when accounting for what I made on AMC.

[elny43]

I’m not feeling particularly enthused this earnings season, particularly for certain sectors like Financials, but at the same time, it could present some opportunities to buy.

[monkeymcgee]

Originally Posted by monkeymcgee

I wouldn’t. I had a bunch (3-5k shares) and got out after riding the trading range. Repeated a couple times. I think I’m out for good until the ticker changes over and I get a sense of how it behaves. It keeps getting hammered on Mudrick news and I think the Topps side of this has been lost since the Candy announcement that caused the last big drop. Seems like there some stuff going on with the low volume as well.

Topps has dropped the ball on their NFTs, so part of what I thought might bring some buzz has fizzled out. Not to mention the financials for the business are not stellar.


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Well, so much for that. I was able to get back in under $11.20, so I took a smaller position (1.75k) and I’ll ride it back up for the buck or so it typically peaks at in this range. Or maybe it finally breaks out.


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[JMarchand1981]

Originally Posted by btmcrushers

11 Positions entered into between April 4 - June 6th

All but 2 are red

Still in the green overall when accounting for what I made on AMC.

The S&P is up 7% in that time frame.

Take a break. Consider a mutual fund.

[Josh611]

Panini may be going public with Arods Spac.

[Josh611]

https://www.google.com/amp/s/www.bnn...28603.amp.html

[finfangfan]

AAPL extending its all time high in premarket as it pokes above $148 for the first time.

[JMarchand1981]

Originally Posted by finfangfan

AAPL extending its all time high in premarket as it pokes above $148 for the first time.

I almost see it running if it can close above $150 between now and earnings. Maybe I am being optimistic.

[JMarchand1981]

You guys are going to think I am crazy.

Closed out of NVDA equity completely heading into the split. Still own the options, but that is sunk money.

Opened massive position in MA. It isn't underpriced. Quite the opposite. It trades at a higher premium than it's peers. I think it might run in the short term.

[xbignick]

Originally Posted by JMarchand1981

You guys are going to think I am crazy.

Closed out of NVDA equity completely heading into the split. Still own the options, but that is sunk money.

Opened massive position in MA. It isn't underpriced. Quite the opposite. It trades at a higher premium than it's peers. I think it might run in the short term.

Time it perfectly and you can take the short term run you believe in on MA and maybe get back in on NVDA if it drops post-split

I don't own a ton of NVDA (more in AMD) but sold half when it broke $800 after considering letting some go every step up.

[Josh611]

Definitely not crazy taking profit in NVDA up here.

BA looks to be in a bit of trouble. Definitely some room the downside if it can’t hold $220. Bad headline after bad headline for this one. Would be a buyer on any bigger dip to the low $200s. If I bought it here would just head straight down to $200.

[JMarchand1981]

Originally Posted by Josh611

Definitely not crazy taking profit in NVDA up here.

BA looks to be in a bit of trouble. Definitely some room the downside if it can’t hold $220. Bad headline after bad headline for this one. Would be a buyer on any bigger dip to the low $200s. If I bought it here would just head straight down to $200.

I love BA. I did my MBA research on BA so i will always be fond of it. That said, pass. That’s a dumpster fire right now.

[jcardstore]

Originally Posted by JMarchand1981

I love BA. I did my MBA research on BA so i will always be fond of it. That said, pass. That’s a dumpster fire right now.

Seems like people are ignoring the potential positive catalyst from the China test flight story that came out last week.

Also, in my totally uneducated opinion (I'm just going based on what some different analysts have said), the dreamliner news is really just the FAA flexing some muscle and is little more than a sensationalized headline.

I bought BA for a couple reasons.

It hit the 200dema... well traded down through it but it was just based on the dreamliner news. Based solely on the chart my target is $260 by the end of August which I think is doable.

Last 2 times this year BA hit 200dema level with RSI sub 35 it had a big move up. 1st time a ~40% move and 2nd time a ~15% move. $260 is about a 15% move so it seems totally possible.

Now this could all just be confirmation bias but hey, willing to see what happens.

[Josh611]

Originally Posted by jcardstore

Seems like people are ignoring the potential positive catalyst from the China test flight story that came out last week.

Also, in my totally uneducated opinion (I'm just going based on what some different analysts have said), the dreamliner news is really just the FAA flexing some muscle and is little more than a sensationalized headline.

I bought BA for a couple reasons.

It hit the 200dema... well traded down through it but it was just based on the dreamliner news. Based solely on the chart my target is $260 by the end of August which I think is doable.

Last 2 times this year BA hit 200dema level with RSI sub 35 it had a big move up. 1st time a ~40% move and 2nd time a ~15% move. $260 is about a 15% move so it seems totally possible.

Now this could all just be confirmation bias but hey, willing to see what happens.

The company just isn't executing very well right now. They report in a few weeks and will most likely have awful numbers. Along with the delta variant being in the headlines now I can see more downside in the near time.

Most of their troubles now haven't came from the 737 which is the money maker, but who knows how long the China recertification will actually take to happen.

I might take a stab sub $200 or play it with options if they get cheap enough.

[jcardstore]

Originally Posted by Josh611

The company just isn't executing very well right now. They report in a few weeks and will most likely have awful numbers. Along with the delta variant being in the headlines now I can see more downside in the near time.

Most of their troubles now haven't came from the 737 which is the money maker, but who knows how long the China recertification will actually take to happen.

I might take a stab sub $200 or play it with options if they get cheap enough.

Right but don't you think this negativity is all baked into the stock? I think any positive news is gonna send this thing higher.

That and I'm really just playing the chart

[Josh611]

Originally Posted by jcardstore

Right but don't you think this negativity is all baked into the stock? I think any positive news is gonna send this thing higher.

That and I'm really just playing the chart

I completely agree. Positive news will absolutely send it higher but no telling when that will come or where the stock will be when it happens. Took a long time for the FAA to actually clear the plane hear once rumors started.