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

[ponyo]

I bought more Zillow and sold Tesla July 23 $600 puts. I was super tempted to buy Tesla July 23 $700 calls but held off for now.

 

[brianmanahan]

i was gonna sell some stocks a few days ago to rebalance to my desired AA

but i was busy and the stocks did the work automatically for me

 

[dasherHampton]

Hey, look at that: SAVA hit $100.

As of now it really looks like my Jan. payday is secure. I honestly never thought I'd ever make that much money on a single deal.

 

[jpiniero]

Rate hike odds have completely been wiped out. Traders finally got the memo it seems.

 

[FelixDeCat]

There is crazy money being made all over the place.

 

[FelixDeCat]

I've been nervously following the market since around 6 am and things weren't looking so hot. So I got ready to do another expensive buyback spree before things could get worse.

But I held off, and now just a half hour later a lot of my stuff is in such better shape. I was down like $12000 at open and now its like $3000. Some of my junk even turned green after being down big.

Sometimes the best move is no move at all

True. But the market is at nosebleed levels. One sneeze and we could be looking at gigantic SHORT TERM sell off.

I would unwind some of your short puts just in case to leave some elbow room.

Take profits when times are good.

Just my 2 cents.

 

[dasherHampton]

True. But the market is at nosebleed levels. One sneeze and we could be looking at gigantic SHORT TERM sell off.

I would unwind some of your short puts just in case to leave some elbow room.

Take profits when times are good.

Just my 2 cents.

I only have 3 big options positions left: SAVA, CCIV, and FUBO. The rest - NIO, XPEV, AVXL, CRSR etc are all closed.

SAVA is the huge one: 45 contracts at $20 for Jan. FUBO is pretty big too. Off of the top of my head - 15 contracts at $15
20 contacts at $17.5. CCIV is 20 contracts at $15 which seems pretty safe for now.

I have enough cash in my accounts to cover the entirety of the rest of my positions if they get exercised.

 

[mohit9206]

True. But the market is at nosebleed levels. One sneeze and we could be looking at gigantic SHORT TERM sell off.

I would unwind some of your short puts just in case to leave some elbow room.

Take profits when times are good.

Just my 2 cents.

What levels you looking at

 

[FelixDeCat]

What levels you looking at

Hard to predict when we get the next good market flush. They just come out of nowhere. But they do happen so you have to be wary if suddenly all stocks start going south.

 

[FelixDeCat]

ANVS, AVXL, SAVA all enjoying a Friday rally.

Edit...followed by massive profit taking..all negative now!

2nd edit...the selloff appears to be related to the news on Biogen's alzheimer drug and possible regulatory review.

 

[jpiniero]

Bloomberg - Are you a robot?

www.bloomberg.com

Apple is reinventing Layaway. That's not going to be a problem...

 

[FelixDeCat]

Bloomberg - Are you a robot?

www.bloomberg.com

Apple is reinventing Layaway. That's not going to be a problem...

Considering their prices, thats not a bad thing!

 

[FelixDeCat]

XELA was on a rampage - 500,000,000 in volume. Ive been trading it for almost two weeks now.

Being that I dont know if that company is a safe bet or just a trade I havent mentioned my trades on it here, but thankfully Ive made a lot more on it than I lost (buying and selling). If you look at the chart, the company keeps issuing shares to payoff their $1.5 in debt.

The have a $250M market cap which according to their last press release is about $50m over cash on hand. However, they are losing a lot of money and when you have tons of debt that spells a trip to bankruptcy, so this is a fairly risky stock. Not only is there a high chance of more dilution ($1 billion more?), but they cant make a buck.

On the positive side, they had over $1 billion in revenues in 2020 and with a market cap about 1/4th to 1/3rd of that, along with a number of lines of business, it has been attracting lots of retail interest. So I have been in it day trading only. Like I said, they have been diluting the hell out shares and you never know when the next one is up. Also, the market makers keep beating it back down in the $2-4 range. So they take a lot of the fun out of it.

Today was an exception where retailers just bid up the stock like crazy .... before the MMs came in and took most of the profits away.

 

[woodman1999]

Sold all of AMC today. Should have sold it sooner, but I'll take it.

Still holding SAVA but I can feel my hands getting real papery....

 

[dasherHampton]

I couldn't blame anyone for taking profit on SAVA right now.

The Biogen stuff was pretty bad news.

 

[Torn Mind]

My, oh my, Tractor Supply has boomed over the past year. Those rural folks got the dough to spend.

 

[FelixDeCat]

Nm

 

[woodman1999]

Put a stop in at 92 for SAVA. If it sells at that I am fine, but I'll give the stock a bit of a chance to recover. And since I am going away for a few days, it'll protect my downside while I am not paying attention.

 

[dasherHampton]

God am I glad I took profit on those AMC puts.

They would surely cost me thousands to buy back now.

 

[FelixDeCat]

God am I glad I took profit on those AMC puts.

They would surely cost me thousands to buy back now.

Ive been kind of surprised at the breakdown of AMC from the mid $50s to the mid $30s. Although its stunning rise to $70 in the first place from $11 was equally surprising. It looks like they are letting the floor on GME also come down, from the $200s to the $170s.

I wonder where these stocks are headed in 6 months.

 

[KB]

Ive been kind of surprised at the breakdown of AMC from the mid $50s to the mid $30s. Although its stunning rise to $70 in the first place from $11 was equally surprising. It looks like they are letting the floor on GME also come down, from the $200s to the $170s.

I wonder where these stocks are headed in 6 months.

Why are you surprised? These companies have no future and once the MEME money runs out they are going back down to a few bucks.

 

[digiram]

Hey Fellas, I'm not a major day trader or anything, but have a general question about the markets that you guys might have a better opinion on. I have a 401k with the majority held in the vanguard s and p index trust. It used to be in one of those target date funds, but a few years back I had this idea trip off that a bet on the s and p is a bet on the good ol US of A. I feel like the only way this bet fully fails is if the US fully crashed. Like great depression crashed and even then if time is on your side it'll still build back up. What do you guys think? Is this a dumb idea, is my money better off in the mixed automated target date funds. I have about 25 years of working left I think. So, lots of time on my side I'd say.

 

[Torn Mind]

Hey Fellas, I'm not a major day trader or anything, but have a general question about the markets that you guys might have a better opinion on. I have a 401k with the majority held in the vanguard s and p index trust. It used to be in one of those target date funds, but a few years back I had this idea trip off that a bet on the s and p is a bet on the good ol US of A. I feel like the only way this bet fully fails is if the US fully crashed. Like great depression crashed and even then if time is on your side it'll still build back up. What do you guys think? Is this a dumb idea, is my money better off in the mixed automated target date funds. I have about 25 years of working left I think. So, lots of time on my side I'd say.

I think 2008 has made the fat cats wary of going off the deep end and causing yet another crash. So far, the environment has built up a very stable business engine.

However, at some point, public sentiment will drive policy towards a slower economy as people will wish to increase taxes and interest rates. I do not believe that will come under a Biden presidency, as he understands that business(His home state is corporation central) cannot be crushed because of plebs who think that their coffers have a value of infinity. So for the next 3 years, I would bet the S&P will keep trucking.

 

[Svnla]

Hey Fellas, I'm not a major day trader or anything, but have a general question about the markets that you guys might have a better opinion on. I have a 401k with the majority held in the vanguard s and p index trust. It used to be in one of those target date funds, but a few years back I had this idea trip off that a bet on the s and p is a bet on the good ol US of A. I feel like the only way this bet fully fails is if the US fully crashed. Like great depression crashed and even then if time is on your side it'll still build back up. What do you guys think? Is this a dumb idea, is my money better off in the mixed automated target date funds. I have about 25 years of working left I think. So, lots of time on my side I'd say.

I am just like you. Most of my investments are in stock index funds from Vanguard except a portion of my money (for my future house and emergency fund) is in various FDIC insured high paying reward checking accounts. I am into FIRE (finance independence retire early) so I will be out of the rat rate within the next five years at the latest. I am not really worry about another catastrophic collapse as in the Depression but inflation. No one can tell you what will happen so as long as you make more than you spend and money set aside for savings, investment, and emergency, that's all you can do.

 

[digiram]

Thanks for input all. Anyway. Regarding the meme stocks lately. I can’t see what gme or amc can do to make their current valuation valid. Gme doesn’t produce anything and most people are moving to digital. Why would developers need gme for distribution at all. Doesn’t make sense. Even if they go e-commerce digital route. How do they compete with the likes of Amazon bestbuy even Newegg. I mean there’s a cdkeys.come already. 😂. I’m just trying to think of what people think gme can do to possibly turn things around.