Discussion ***Official*** 2021 Stock Market Thread

[njdevilsfan87]

I'm not a baller like @ponyo. One day they upgraded me without asking because they said "it better suits my needs" - I had our home down-payment money sitting in there for a while and maybe that triggered some flag on their system. I'm not really sure what other perks came with it - I do know a better home loan rate was one, but their team and approval process was so slow I went with another private lender. I wasn't getting charged any monthly fees long after I had removed that money. Anyway, back to being a normie I guess!

 

[FelixDeCat]

Absolutely nothing. I don't have the brain power to do options. As ponyo would say, I am a kindergartener when it comes to investing. Buy and hold only.

Sometimes being a kindergartner when it comes to investing is perfectly fine. As long as you make money, that's all that matters.

As far as options are concerned, they are just another way to speculate or protect your holdings/generate income depending on the situation. The majority of people who buy them lose money because not only do you have to have the correct strike but also the correct expiration ... and .... the premium cant be too high otherwise they are almost worthless to you as a buyer. As an option seller you assume the risk to fulfill the contract you sold.

 

[FelixDeCat]

Shorted 18 $10 NNDM Jan $10 puts @ 1.94

 

[IEC]

Shorted 18 $10 NNDM Jan $10 puts @ 1.94

Ouch

 

[ultimatebob]

TSLA cracked the $700 mark today, which reminds me... The stock market doesn't make sense to me anymore, and Ponyo still needs to model those short shorts for us

 

[njdevilsfan87]

I'm wondering if now is a good time to get involved with a potential airlines recoveries - not so much individual stocks but maybe something that tracks a few like JETS. I'm expecting a travel boom in 2021 and even if they recover to prior levels (a 50% upside from here) it's still effectively a loss in regards to where the rest of the market will be - assuming it continues to have a good run in 2021. Just can't have anything go bankrupt until then, which is part of why I don't feel the same way about cruise stocks.

 

[dasherHampton]

So my last move of this cursed year was selling $28 T puts for 1/29. I bought back all of my BABA stuff yesterday for pennies on the dollar and I'm kind of glad I did.

I hope everyone did well and stayed relatively healthy. Happy New Year.

 

[Svnla]

Well, the 2020 FY year for stock investment is over and I did make some good money (double digit return/result). Crossing fingers for a few more years like this and I will be very happy in retirement in the future.

Oh, the green backs (USD) are falling vs. other currencies this year. If you are living oversea in developing countries, it will be a big pain for you. For example: Thai Baht = 33 then and 29 now. Philippines Pesos = 52 then and 48 now. Vietnam Dong = 23,300 then and 23,000 now. Malaysia ringgit = 4.44 then and 4 now. Indonesia Rupiah = 16,000 then and 14,000 now and so on.

 

[ultimatebob]

OK, OK... maybe Ponyo can get his wife to model the Tesla short shorts instead

 

[FelixDeCat]

Ouch

The first week or two of January is typically a bumpy ride for stocks. I was sitting on a profit (albeit small) and decided to take it. I shorted the $10 P due in two weeks for $1.94 and covered at $1.70, netting about $400.

Their product is a 3D printer called Dragonfly that prints circuit boards. With the building hype surrounding the company they have been able to continually raise cash in 2020 through 9 successive (excessive?) secondary offerings, of which I have been critical. Although now they have some institutional support and have been selling shares through private placements directly to them, such as ARK Invest. They now have $600 million in cash and a market cap as of Friday of $1.3 billion.

NNDM is one of this stocks that has gone up pretty fast despite round after round of secondary offerings. If we have a big market correction of if people start to take profits, I could see this stock in the $5-7 range. Any more announcements of system sales with a more favorable market could bring a price of $12-?? later this year. These price predictions are a total guess on my part as anything can happen, which is the case for any stock in the market.

There are plenty on videos on Youtube about NNDM, here is a recent one:

This is a risky stock so beware.

 

[FelixDeCat]

I remember trading the day of "The Flash Crash". It just goes to show you how out of nowhere things can go upside down real quick and it doesnt even take a market moving event to happen.

The stocks I was watching were up/down 1% or so...typical day...then suddenly all stocks started dropping bigly. Anyone who bought shares during the anomaly found the next day all trades made during that period were cancelled.

I remember after this happened, my first thought was that there were no real bids under stocks beyond some notational figures put up by market makers. You still see this happening, especially with stocks in record territory.

 

[Artorias]

^^^^ That was a fun watch!

 

[FelixDeCat]

^^^^ That was a fun watch!

Nobody likes a market downtown, but man, I must confess I would love to see another COVID style selloff again this year. It was scary, but fun.

Come on Mr. Market, give us a 40% marketwide discount in 2021.

 

[zinfamous]

I remember trading the day of "The Flash Crash". It just goes to show you how out of nowhere things can go upside down real quick and it doesnt even take a market moving event to happen.

The stocks I was watching were up/down 1% or so...typical day...then suddenly all stocks started dropping bigly. Anyone who bought shares during the anomaly found the next day all trades made during that period were cancelled.

I remember after this happened, my first thought was that there were no real bids under stocks beyond some notational figures put up by market makers. You still see this happening, especially with stocks in record territory.

And now, I give you, the "Flash Crash". A day which shall live in infamy:

lol, @6:30 it starts getting entertaining.

Wonder if Cramer is going to get that free steak dinner that he demands.

 

[dasherHampton]

And we're off.

1st move of the year: Selling 2 NVDA 400 puts for July. I hope I'm not getting in to deep because I'll have to buy them back if NVDA gets too close to $400.

Is it bad karma that my first move of the year is basically gambling?

Edit - woah. I just checked and NVDA jumped like $12 a share. I guess I times that right.

 

[dasherHampton]

Oh my QuantumScape.

What the hell happened?

 

[Cal166]

Oh my QuantumScape.

What the hell happened?

Pipe investors can sell now.

 

[FelixDeCat]

January effect? Back in Blink.

 

[njdevilsfan87]

I don't see why either outcome of Georgia's senate election today should impact the overall indices. Some sectors will do better, others will do worse. If the dems win, then the future tax increases will be washed out by increased fiscal spending and further devaluation of the dollar. Rates aren't going anywhere anytime soon either. I guess Wall Street is just bored.

 

[jpiniero]

I don't see why either outcome of Georgia's senate election today should impact the overall indices. Some sectors will do better, others will do worse. If the dems win, then the future tax increases will be washed out by increased fiscal spending and further devaluation of the dollar. Rates aren't going anywhere anytime soon either. I guess Wall Street is just bored.

Those tax increases might kill the bubble. Plus the Dems have chirped about going after Big Tech... I'm skeptical of that, but Tech is basically what's going up. It'd be tough to ignore the impact to the market as a whole if they did follow through.

The crazy thing is that both may be close enough for a recount.

 

[dasherHampton]

Obviously the thing is important but everyone seems to forget that Joe Manchin is basically a republican.

He's not going to vote for any far left stuff, especially things like the green new deal. He's from West Virginia, for Christ's sake.

 

[jpiniero]

Obviously the thing is important but everyone seems to forget that Joe Manchin is basically a republican.

He's not going to vote for any far left stuff, especially things like the green new deal. He's from West Virginia, for Christ's sake.

50 means that it won't be super easy, but it does mean they have a good chance at getting some of the agenda passed. Doesn't mean they still can't go after Big Tech.

Most of the big tech stocks are down quite a bit right now in futures.

 

[woodman1999]

It's funny watching the pre-market numbers right now with what's going on in Georgia. Healthcare and tech are taking a dump, but weed and EV are up big.

 

[s0me0nesmind1]

50 means that it won't be super easy, but it does mean they have a good chance at getting some of the agenda passed. Doesn't mean they still can't go after Big Tech.

Most of the big tech stocks are down quite a bit right now in futures.

I thought it was republicans that were going to clamp down on big tech from censoring / banning conservative types?

Democrats were the ones saying that big-tech doesn't censor enough?

 

[jpiniero]

Oil stocks are also up, although that could be more on inflation hopes.