Discussion ***Official*** 2022 Stock Market Thread

[jpiniero]

Another fed meeting minute release day and yet again another down day. Meeting minutes for a meeting that happened weeks ago. People get so spastic.

It's just the sentiment that the Fed might actually go hawkish.

 

[biostud]

My strategy is simply passive index funds,so while it is a roller-coaster ride these days, it doesn't really concern me as I don't plan to cash them in for the next couple of years.

 

[Lost_in_the_HTTP]

S&P eeeked one out somehow.

 

[FelixDeCat]

A .50 rate increase is guaranteed but it should be a full 1%.

 

[biostud]

nm

 

[FelixDeCat]

So funny. After all the hub bub of Musk purchasing 10% of Twitter and his filing status of active vs passive ownership and joining the board, he now says he will not join the board.

Isnt that cute?

 

[Lost_in_the_HTTP]

I keep telling you, the guy's a moron.

I wish there was a way they could reject/revoke/rescind the share purchase.

 

[Red Squirrel]

As much as I kind of like Elon I do suspect a lot of the time he's in it for himself more than everyone else, like any other CEO. His move was probably enough to get in at a good price and he can probably manipulate the stock so it goes higher, then he'll cash out when he starts his own platform. At least that is my guess.

 

[FelixDeCat]

I love shorting naked call options. It is pretty risky so I only do it intraday. Do not want to wake up to a nightmare the next day.

 

[FelixDeCat]

VERU

Long 3k @ 11.80, short 12.50 calls expiring tomorrow for .90.

 

[JTsyo]

So funny. After all the hub bub of Musk purchasing 10% of Twitter and his filing status of active vs passive ownership and joining the board, he now says he will not join the board.

Isnt that cute?

Board members are limited to 15% stake. If he wants a hostile take over, he can't be on the board.

 

[jpiniero]

Not stock market related but mortgage rates have crept up near 5%.

Also had a unit sell in ye ol condo complex for way too much. Dude is going to get so burnt.

 

[Red Squirrel]

Welp just cashed in all my available ESPP. Came up to around $27k. Credit line is 34k so won't quite cover it, but it will cover a good chunk at least. I used my credit line to buy my truck and off grid land so that's why it's so high.

I tested the waters last year taking out around 25k if I recall, and I did not take much of a tax hit, so figured I'd take out everything I can now, which was 27k. There is still some stocks left in the ESP but units are not mature enough to be taken out. If I was to take it out I'd lose out on company contributions.

 

[FelixDeCat]

VERU

Long 3k @ 11.80, short 12.50 calls expiring tomorrow for .90.

Dang VERU on fire🔥

EDIT: Covered short calls for a loss, SOLD at $13.20. Way too soon, hit $16.50 after hours.

 

[woodman1999]

Elon is apparently not happy with just a 9.2% interest in Twitter...

https://finance.yahoo.com/news/elon-musk-offers-to-buy-100-of-twitter-for-54-a-share-105023351.html Tesla CEO Elon Musk goes all in on Twitter.

 

[FelixDeCat]

Elon is apparently not happy with just a 9.2% interest in Twitter...

https://finance.yahoo.com/news/elon-musk-offers-to-buy-100-of-twitter-for-54-a-share-105023351.html Tesla CEO Elon Musk goes all in on Twitter.

I wonder if Twitter will accept? The first offer is always the lowest....or is it?

 

[jpiniero]

I wonder if Twitter will accept? The first offer is always the lowest....or is it?

Have to agree that Elon doesn't believe they will and it's a pump&dump.

Elon needs to be banned from public companies, lol.

 

[FelixDeCat]

Have to agree that Elon doesn't believe they will and it's a pump&dump.

Elon needs to be banned from public companies, lol.

Good luck banning Elon.

 

[FelixDeCat]

The next few weeks should be fun with more earnings coming in. In my opinion, its a difficult time to trade because:

1) On one hand good stocks will go up on news, earnings, etc.

..however..

2) On the other hand you have the stupid robots / algorithms that will start marking down stocks wholesale all over the market the second the major indexes start taking a beating. And heaven help if you if your long intraday and volatility goes up and massive put buying on indexes that cause everything to suddenly go lower.

For example, you are trading a stock thats maybe up on very good news, earnings, etc. But here come the robots, market makers, etc. You think the stock is worth $20 because that is what its trading for but suddenly out of nowhere AND WITHIN SECONDS its $19.50, $19, $18.50 and stops around $17.50 for now. You could be down thousands of dollars suddenly because of the stupid shenanigans they pull.

Hard to trust any price.

A mere 2% decline in the markets might cause a 10%+ daily decline on any other stock thats not widely held.

 

[biostud]

The next few weeks should be fun with more earnings coming in. In my opinion, its a difficult time to trade because:

1) On one hand good stocks will go up on news, earnings, etc.

..however..

2) On the other hand you have the stupid robots / algorithms that will start marking down stocks wholesale all over the market the second the major indexes start taking a beating. And heaven help if you if your long intraday and volatility goes up and massive put buying on indexes that cause everything to suddenly go lower.

For example, you are trading a stock thats maybe up on very good news, earnings, etc. But here come the robots, market makers, etc. You think the stock is worth $20 because that is what its trading for but suddenly out of nowhere AND WITHIN SECONDS its $19.50, $19, $18.50 and stops around $17.50 for now. You could be down thousands of dollars suddenly because of the stupid shenanigans they pull.

Hard to trust any price.

A mere 2% decline in the markets might cause a 10%+ daily decline on any other stock thats not widely held.

And that's why I only buy index funds, and do long term investments.

 

[Lost_in_the_HTTP]

Quarterly statement was not nice to look at.

 

[AdamK47]

CD Projekt down 10% today. The once darling of the gaming world is now down 67% since the release of Cyberpunk 2077.

 

[jpiniero]

Saw there's a prediction that i-bonds will hit 9.6% in May.

 

[Brainonska511]

Saw there's a prediction that i-bonds will hit 9.6% in May.

I wouldn't be suprised if they do. Glad I bought the maximum in January; better than opening up some CD for some cash I didn't want to just dump into the market, and will be a nice payout, even if I cash out after 1 year.

 

[jpiniero]

Ouch Netflix. Down 25% AH.