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Posted
1 hour ago, immamac said:

What's happened? 

Kinda feels like the party might be over. It’s been a hell of a run, but at some point economic fundamentals have to come into play.

  • Haha 1
Posted
1 hour ago, Bateshorn said:

Kinda feels like the party might be over. It’s been a hell of a run, but at some point economic fundamentals have to come into play.

The fundamentals have been like this for years, expecting more than a 10% pullback seems irrational 

  • Hook 'Em 1
Posted

I think the market is afraid of what the information pipeline that has been turned off, may show that we have both inflation and job losses.  Which handcuffs the Fed from further cuts. 

Could also be, why not profit take now as folks start to panic.  Today and Monday are going to be interesting.  I really thought we might see a bounce back this AM in Tech, but premarket is going the wrong way for me fairly bigly.

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Posted

I thought Friday was pretty good, because my covered calls expired just out of the money.  Then came Monday.

The dearth of data, along with very high retail investor activity in the market, along with Nvidia reporting this week?  I almost want to dump my long positions, but I bought a chunk of good old UVIX to hedge.  Got me to nearly break even today, after some tech suckage on my risky account.

 

Posted
21 minutes ago, Fudge Nuggets said:

Buy the dip you fucking pussies.

Ahh... My Friday brain reemerges... And I was pretty excited to just barely have my covered calls fall OTM.  So I am getting to enjoy Monday and Tuesday.  The Good news is my hedge is keeping me sort of dog paddling. But since I did buy in a bit more Friday...  I guess I could buy more, but I remember somebody's IBRX dollar cost averaging from a while back...

Posted
1 hour ago, Pescado_Rojo said:

Until someone gets a look at their real books

The market still believes, QQQ and SPY both up almost 10 points in after hours,>1.5% and 1.1% respectively.  Or, the higher they climb...the further they fall. 🚀📈

Posted
1 minute ago, tbone_ said:

So Nvidia went to the Enron school of accounting?

We gave everyone all this money and somehow our revenue is super huge lol. 

  • Hook 'Em 2
Posted (edited)
39 minutes ago, tbone_ said:

So Nvidia went to the Enron school of accounting?

Yeah, If I was more liquid at the time, as we were a year into fixing up our home.  But I knew some guys who bought 2 bed /2 bath condos in a complex Enron  had lbought up on Padre Island.  I thing the price was like $35 or $37K, in the days before the complete collapse as they searched for cash.  Just looked it up on Google, Sunchase IV Condominiums. todays price $450K minimum, but just owning something on the beach for $37K made me drool then, and now...

Edited by horn4life

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