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

[AdamK47]

Macy's stock is way up. Those fake on sale signs they slap on every single product must be working.

 

[PlanetJosh]

Did a day trade of AMD this morning and made just under 2k. Have no idea if I could've made more by holding it for more than 20 minutes - there's still over 4 hours left before close. And don't have enough extra cash for a 2nd day trade. Have to wait until Tuesday after the Monday holiday for the trade to clear so I can do it all over again.

Edit about a half hour later: and up goes the Nasdaq atm, it figures.

 

[PlanetJosh]

I'm glad to see Nvidia's "OEM and other" business fall 52% from last year.

I prefer buying Nvidia video cards direct from their site. Rarely I may buy a OEM for additional air cooling fans on the card. Also didn't trade on their quarterly report yesterday after getting slammed by doing so on the previous quarter, on long trading not shorting btw.

 

[FelixDeCat]

To clarify, you should only be looking at bigger banks with a diverse income stream. A lot of small banks make the vast majority of their profits from refis and mortgages. Those banks will be hurting immensely for a few years.

That depends on the bank's focus.

 

[AdamK47]

I prefer buying Nvidia video cards direct from their site. Rarely I may buy a OEM for additional air cooling fans on the card. Also didn't trade on their quarterly report yesterday after getting slammed by doing so on the previous quarter, on long trading not shorting btw.

"OEM and other" is where Nvidia shoves in the crypto mining related sales.

 

[PlanetJosh]

"OEM and other" is where Nvidia shoves in the crypto mining related sales.

I see, I was going on about gaming. Well I may buy one bitcoin on Etoro or some other platform and let it ride. no mining for me, too lazy.

 

[AdamK47]

The rally continues. PCE is 6.3% YoY. QQQ @ $305.

An eighth week of losses isn't happening.

 

[FelixDeCat]

The rally continues. PCE is 6.3% YoY. QQQ @ $305.

An eighth week of losses isn't happening.

Which I think caught everyone with their panties down, especially those who were short today's expiring options, thankfully which I was not one.

People short puts in bull markets and short calls in bear markets, so the latter is getting their asses handed to them - for a change.

 

[FelixDeCat]

Just for giggles I shorted the stock before earnings at $167.5 and covered at $153.50. Since I did not know what would happen it was only 10 shares though (didnt want to lose big if I was wrong). Total profit? $138!

In an ironic twist I bought 100 shares at $157 after hours. Hoping for $160 tomorrow.

Sadly sold those 100 shares @ 157 way too soon at 162, a $500 overnight gain. Had I waited just two days, it would now be $3,000 gain.....on just 100 shares.....in 48 hours....on a "mega cap" tech stock!!!

 

[jpiniero]

The rally continues. PCE is down to 6.3% YoY. QQQ @ $305.

Again, the rate hikes aren't about inflation. A tech stock rally is only going to make it easier for the Fed to go higher than people think.

The rate odds have dropped a tad but not that much.

 

[AdamK47]

Again, the rate hikes aren't about inflation. A tech stock rally is only going to make it easier for the Fed to go higher than people think.

The rate odds have dropped a tad but not that much.

I doubt there is much concern from the fed on a short term bear market rally, or any market rally for that matter. Their sights are set on the broader economy.

 

[brianmanahan]

Macy's stock is way up. Those fake on sale signs they slap on every single product must be working.

i don't know how they even keep going

i knew a bunch of people who worked in corporate and every single one of them got laid off a few years ago

 

[jpiniero]

I doubt there is much concern from the fed on a short term bear market rally, or any market rally for that matter. Their sights are set on the broader economy.

This rally is because the market thinks the Fed won't raise rates as high as they were anticipating. I think they are wrong.

 

[FelixDeCat]

I get emails from Seeking Alpha. Some of them are kind of funny:



So which is it? Hopelessly overvalued or a remarkable buy?







So on one hand Palantir is desperate but yet they are a game changer?

So funny.

 

[Torn Mind]

I get emails from Seeking Alpha. Some of them are kind of funny:

View attachment 62242

So which is it? Hopelessly overvalued or a remarkable buy?



View attachment 62243

View attachment 62244

So on one hand Palantir is desperate but yet they are a game changer?

So funny.

Seeking alpha is just a collection of independent influencer writers trying to peddle their own shit, picking and choosing what to put into the article. .

 

[FelixDeCat]

 

[FelixDeCat]

buy?

 

[zinfamous]

Seeking alpha is just a collection of independent influencer writers trying to peddle their own shit, picking and choosing what to put into the article. .

this, it aggregates chaff. They don't have a journalistic, establishing "principle" when it comes to reporting and adopting a general economic theory that guides their stories.

So, yeah, you only ever get seeking Alpha-branded content where the only interest linked to why they send it to you, is because your google habits and your seeking alpha newsletter or simple adsense feed is very much aware of the stocks and indexes you spend most of your time researching, the types of articles you read, etc.

even the penis pills ads that you sometimes mistakenly click on. yeah, you know like when that happens, you just see more of them and more of them, because it was only a mistake that one time.

yeah.

 

[KB]

buy?

Its always a good time to buy. Especially when sitting on cash means a guaranteed negative return.

 

[jpiniero]

Its always a good time to buy. Especially when sitting on cash means a guaranteed negative return.

Guess the Fed has more work to do to kill the addiction to Tech Stocks.

 

[jpiniero]

I should add that Fed Rate odds have gone back up.

 

[FelixDeCat]

Dang this flip flop market!🤨

 

[Roger Wilco]

Wow SEDG and ENPH popping +10% today.

Kind of surprised to see them hold up so well with the rate hikes.

 

[jpiniero]

Wow SEDG and ENPH popping +10% today.

Kind of surprised to see them hold up so well with the rate hikes.

I think we are still at the point where there's enough people addicted to Tech Stocks that they will keep buying any dip.

 

[dullard]

Dang this flip flop market!🤨

Profits can be made in any market.

1) It is easy to make money when markets go up. Randomly choose a stock, buy it, pretend that you know everything, and you make money.

2) When markets are flip flopping, it is still relatively easy to make money. Buy a stock on a stable company on a down day, sell it when you make a few percent profit, rinse and repeat. Or buy stock on a stable company and let the shorts pay you to borrow it.

3) It is the down markets that are toughest. That is when you see people without talent (see #1) lose their shirts and flee. But it is the right buying opportunity if you can do your homework.