/biz/ - Business & Finance

Up 11.53% AGAIN on SAVA on my third buy-in. I'd love it if I can get another 30% profit on it tomorrow

>>16645368
https://www.nasdaq.com/articles/monday-12-23-insider-buying-report%3A-nltx-sava-2019-12-23

fyi

Pretty much too late to go in sava right? Anyone else think some people are going to be taking profits soon? I expect a dip soon. Any thoughts?

Why is there info on lean hogs in the OP??

>>16645296
>what can I say, I like the thrill of a gamble

alright, confession time: how many of you faggots are like this? seriously. bonus internet points if you say what your strategy is and how much you've lost.

>>16645375
because you already learned enough about the other kind of hogs from your mother

From now until the close holidays, is it an okay time to be buying? I'm just wondering if people tend to sell around this time or if its business as usual.

>>16645395
It's certainly where all my enjoyment comes from. I'm locked into some very boring solid profit stuff right now, and I want nothing more than to trash it all and buy options. Currently positive about 10% on the year investments, was down 43% a couple months ago. The play that got me to break even again was an all-in gamble, and it was the most fun thing I've done this year.

Christmas shit tomorrow, ugh.. 20-30 relatives running around wanting to talk, eat food (good part), open presents and sit still for a few hours watching christmas shows on TV. Fucking hell, I'm already bored to death just thinking about tomorrow

>>16645466
lol just show them your gains anon

>>16645374
Still pretty safe to get in imho, phase2 results still not priced in. Not sure about that dip. Very low float and I won't be selling, the director won't be selling.
Maybe hope for some low 3s at best.

>>16645466
yeah just go naked

>>16645466
Watch the OG Grintch

All other TV shows arw secular X-mas bullshit conjobs

Only watch OG Grincher

>>16645501
OG Grinch is also completely secular, though. Hell, the newest one has carolers singing God Rest Ye Merry Gentleman, which is more christian than every other grinch movie combined

>>16642879
Hehe I like the yelling man
Good show
Makes me realize how much I’m pretty much just gambling and should probably exit my trades tomorrow but...

>>16645326
I am back on /biz/ after two years. How do I into stocks? Literally never invested in stocks, only cryptos

Any hope for OCGN or should I sell and plan on a new swing/moon mission? I'd be even

R8 my new portfolio for 2020

>>16645538
How do dividends work for stocks?

>>16645610
https://www.google.com/search?q=How+do+dividends+work+for+stocks%3F

>>16645466
If the weather is ok and you have a place for it.. go fly a kite. It's a way to escape..the 1 or 2 people that want to go with you to fly the kite probably want to escape the situation just as much as you

i'm still
holding 2 of my amrn calls :) you guys will see

>>16645531
the analogy of the coin flipping game is a good one. 1:2 risk:reward ratio is a pretty common way to manage money. never risk more than 1-2% of your account on any one trade is another important one.

>Makes me realize how much I’m pretty much just gambling and should probably exit my trades tomorrow

this is good to be conscious of.

>but...

no buts. if you're gambling you're just going to give all of that back. what matters is being profitable in the long run. a good (extreme) example of this: https://startupbros.com/make-lose-2000000-day-trading-system-story/

>>16644344
Awesome day! The big winner was small cap gold miner Aurion Resources with a +10% boost and high of day close. Ballard Power and Bili bili bili bili put in nice 3% and 2.6% ups. Loser of the day was Celestica with a -2.25% and will be receiving a break even stop loss this evening going in to tomorrow. I have no faith and little patience for Celestica.

>>16645538

Is this actually the first non-meme portfolio I've seen on /biz/???

>>16645483
What do you think of this plan:
Accumulate as much GALT as possible
Wait for the holy buyout
Use the exponential funds to accumulate SAVA

>>16645395
I throw pocket change at distressed assets

Can I get a brown gf if I start trading futures?

>using the phrase “holy buyout”
Yikes. Way to chase meme stocks shilled in smg.
I want the newfiggies to dial it back...

>>16645687
Hmmmm
I’m setting take-profits limit sells on my calls, just below or at today’s highs. That’s pretty much been my strategy.

Really curious how far they could run though... CSCO, QCOM, MRVL all had pretty good closing volume.

BILI though... that might be overextended. I really want to be assigned shares though! Selling covvies on my BILIes! Taking money from chinese gacha addicts with my BILIes! Cute anime girls in Tesla cars with my BILIes! BiliBili!

>>16645809
It's always okay when used ironically, newfaggot.

>that
>"brown girl"

I want /wallstreetbets/ to leave.

Meh me and the wife just got done watching Christmas Vacation. Love that movie. Gives you hope and glee that you never have to deal with shit like that during the holidays. (Is that even legal to put that many lights on a house anyway?)

>>16645848
Yes. Yes you should absolutely leave.
Go back.
>it was being used ironically
No it wasn’t, he’s asking for memestock gambles.

>>16645809
>>16645848
>>16645919
I don't want you guys to spend a whole thread fighting again.

>>16645809
this is more or less why i love TA, takes the guesswork out. you just do what the TA tells you to. the hard part is finding the magic combination of indicators, but once you do it's gold. https://www.youtube.com/watch?v=1b3D1gNUyiw

>>16645928
>check yesterday's thread
>its actually the same guy getting into a fight
lmao, what a cunt

>>16645741
It's risky a bit, because if galt gets delayed for whatever reason you miss out. For example if sava phase2 meets secondary endpoints in spring, then it goes ballistic.
I like holding about 50/50 as per the current prices, but maybe you could give a bit more weight to galt. Without any special news i think both have about 2x upside for a few months. Then again sava insiders could buy any time for big bucks.

I opened a $3k short position against Tesla on yesterday’s close. If Elon pumps this shit, tell my mom I love her

>>16645974
why would it go down any time soon?

>>16645974
>GUH

>>16645951
It's always the same guys... seriously.. there's like 2 or 3 guys that come in here every single fucking day just to bash and troll... the same fucking guys... every.damn.time... sooo fucking annoying

>>16645992
Maybe I’ll be wrong and market sentiment won’t change, but Tesla is (IMO) extremely overvalued at it’s current price. If you look at Tesla as an auto company, they sell less units than nearly all of their competition but has a market cap that is nearly 2x Ford’s. I get that valuation is based on future earnings and growth, but I really don’t think that Tesla will be able to capture that much of the auto market, especially when every other auto company is researching and developing as well. Also, Tesla has a real cash flow issue that might become apparent when the bonds are due. If I see that on the horizon, people smarter than me should see it too

>>16645970
Hmm. SAVA is long term in the end right? GALT is only short term plan?

>>16646044
i mean yeah, i thought it was overvalued and was gonna crash after the cyber truck incident, but nope. i feel like it'll eventually crash and burn but i feel like shorting it now is early, you're going to be trying to do the shorts version of catching a falling knife. you need to look for confirmation that it is actually going down first. then again, i don't know what your time horizon is like on this trade.

Merry Christmas!

Remember that Santa works at Amazon!

>>16646063
I bought puts 7 months out

>>16646070
Jeff delivered my new "gaming" mouse today hehe :)

>>16646063
>cyber truck incident
I want WANT want a CYBER TRUCK so badly
CYBER TRUCK is taking TSLA from under 300 to 500/share as we speak

>>16646044
So basically youre using the same arguments that tesla bear peons have used for years? lmao

>>16646054
Yep, more or less. Galt is as long as it takes, i am just speculating it will be over soon. Still this plan should be obviosly reiterated as time goes by and sava phase2 results approach.

But i am more convinced in the science supporting galt tough. With sava i still have some open questions for myself, but those are regarding a longitudinal treatment and can wait for now.

>>16646118
Here’s the thing though, look at the 5-10Y chart for Tesla stock price. The price rallies around certain news and hope and craters as people take profits and come to their senses. I might be wrong, but let’s see

>>16646098
https://www.youtube.com/watch?v=Oq_646gW8Qk

>>16645974
>>16646044
You are a fucking retard and you deserve to lose your money.

>>16646070
>1 day shipping
>constant surveillance of your personal life
>massive oppressed workforce

Amazon made Santa real.

>>16646154
I’ll enjoy watching your longs liquidate faggot, yeah just go long on an auto company that has done 100% returns in months.
Fucking delusional elon fanboy. The price is coming back down to earth, the question is when.

>>16646122
Well thank you for your input.

>>16646140
cyber truck is THE most exciting product of the 2020's

From https://fred.stlouisfed.org/series/HTRUCKSSA
Recession Update. Doesn't look good. Is Amazon still lagging? I didn't expect this, but the evidence here is quite damning. We may get a pullback sooner than later. I'd heard about trucking layoffs, but this is some real evidence that I doubt bounces back. Historically a drop like this preempts a near term recession.

>>16646184
why?

>>16646197
1. just look at it
2. it's called the CYBERTRUCK

>>16646188
Would a recession affect all stocks, or only some? I can see tech and automobiles struggle, but not food and medicine.

>>16646219
I'd like one too tbqh. Only problem is it's electric. I want a gas motor.

>>16646224
Capital flight. It would affect all stocks , but those in defensive industries like yours would get hit less

>>16646176
I didn't tell you that you should go long on it. You should have went long when it was at 180 earlier this year, like I did, but you're completely incorrect about literally every point you made in defense of your position and you'll lose money if you hold your short for more than a few weeks. At most it'll will drop 5-10% temporary but trend above 400 for the foreseeable future.
>Fucking delusional elon fanboy
I'm a fan of making money. You're a fan of taking retarded positions because you read the argument of a literal shill and cannot think for yourself. The fact you keep referring to it as an auto company proves that you didn't even do basic research. I would spoon feed you, but I'd rather just watch you lose. It will be more entertaining. Good luck.

>>16645442
I'm like this as well. I have to remind myself that I am managing money and not gambling it. Taking part in risky, yet wholesome, activities IRL helps subside the degenerate in me. Think "action" sports, shooting, and a lot of outdoor activities. You need an outlet is all. Remember, we live in a society.

>>16646219
this is why the efficient market random walk shit is bullshit. as long as a company can sell a good story it can be worth however much idiots are willing to pay for it, regardless of what it's actually worth. it's predictable.

>>16646219
Nobody is going to actually buy this piece of shit.

Reminder, fuck Tesla shortsellers and bears in general.

I just remembered. Will this affect the market you think:

https://abcnews.go.com/Politics/north-koreas-threat-christmas-gift-puts-us-south/story?id=67895217

>>16646249
You've never been to California, have you? The Tesla cult runs deep here.

>>16646219
It looks like a car from an old PlayStation game where they couldn’t spare any more polygons to add detail...
I love it!
>>16646224
Some tend to struggle more than others but there’s no guarantee this will be like the rest. Traditionally, healthcare is relatively resistant to recession risk, but if you think we’ll get a recession before trump is re-elected and it give someone like warren or sanders a chance at election, then healthcare is going to get rekt.

I don’t think that though. I don’t think we’re in for a recession before the election, I don’t think warren will get the nomination, and I don’t think trump will lose.
>>16646259
My rule of thumb is: if it creates uncertainty, markets don’t like it.

>>16646249
If they make it, I will buy it

>>16646234
Yeah sure man, Tesla is a “tech” company. As if every other auto company on the planet hasn’t acquired or internally invested in self driving and electric at this point. If you took the long position at $180, that’s great for you, but you’re schizo for thinking you know exactly what it’s going to do.

Great deflection skills by the way hahahahahahahha

>I would totally tell you why your arguments are stupid, but it’s not worth my time!!!

>>16646197
Faster than a 9/11 turbo
Standard built in ramp and electronic bed cover
3mm thick body compared to 0.7mm on a normal car. It can take 9mm bullets and is very resistant to other forms of damage
Stainless steel body that won't rust out after ten years like the majority of trucks in northern climates
Built in power supply that can actually power things on the job site with its 100 kilowatt battery. Air compressor as well.
Pay load capacity of an f-350 or 450.
Adaptive air suspension
Best autopilot in the industry by far along with other Tesla features
Way cheaper to own than ICE trucks per mile driven and a fraction of the fuel/energy related costs.

I'm sure I'm forgetting a few things as well.

>>16646270
My crackpot theory is we will enter recession right when election is occurring, but it won't be realized until two months after the election. Trump secures his seat, then SHTF.

>>16646282
They literally have one of the largest solar power companies on the planet with a pricing model that no other has. Those other auto companies you mentioned, they're tens of billions, hell hundreds of billions of dollars in debt and are forced to use the outdated dealership model that makes them inherently less competitive even if they could offer something equivalent to a Tesla, which they cannot because Tesla is far ahead of them and also has the largest charging network which is run at cost so it's cheaper as well.
>I would totally tell you why your arguments are stupid, but it’s not worth my time!!!
Really, you're not. I hope you take every single dollar you have an short Tesla. Don't be a pussy, stand behind what you believe in and we'll see who is right in the end.

>>16646305
To be fair, this is one of the most viable theories I have heard. I think we are already in one. Nothing about our current timeline or reality makes sense. Trump knows a thing or two about window dressings.

Hmm, seems every week another buyout article comes out. Guess who's featured on each one? AMRN. So you know either the hype is very real and some back room deal making is going on (resuming after the Holidays) with some formal thing coming soon. Or all those articles and the authors are full of shit. Surely they all can't be off the mark can they. I'm leaning on some sort of formal buyout myself. Profit is the name of the game after all. AMRN's fixing to rake in ass loads of it. Even a partnership deal would do loads for the stock price.

Treat your family right this holiday by taking them to Longhorn Steakhouse or Olive Garden

>>16646070
Why is the Amazon logo censored? Is this supposed to be a Japanese modesty law joke?

>>16646322
Did you just say auto companies have hundreds of billions of dollars in debt? What world do you live in? I don’t even have to look at their 10Ks to know that they’re not leveraged at 60-95% ratios. You completely fail to mention the fact that Tesla is actually leveraged up to their necks and have no clear way of coming up with the cash to pay them off in full once they come due

I’m obviously not going to short Tesla with 100% of my portfolio retard.

>>16646305
>>16646337
Not historically unprecedented either. Markets at least, tend to preform very well in the first half of election years, less well the second half. Trump will pull whatever levers he has access to to juice it into his election.

Also worth keeping an eye on is the govt makework program next year: the 2020 census. Could help lower unemployment even more... until it disappears along with those jobs.

Only other thing to point out:
auto sales were already thin, but since the CYBER TRUCK announcement they have tightened up completely.
Anyone who can put off a car purchase is holding out, across all market segments and regions. No one wants to be the idiot who buys a Toyota Camry the year before the CYBER TRUCK goes on sale.

disclaimer: I/we have no position in TSLA stock, I'm not shilling for or against their stock because I think it's just meme/hype gambling.
The cyber truck is about more than the stock market. much, much more.

So if I want to the do the set and forget dividend thing, it's gotta be mutual funds, right?
Killed a bunch of time at work today making a list of the ETFs I would go for and then realized oh yeah no partial shares so dividend reinvestment won't work so hot

>>16646396
They do have a way though, money is crazy cheap, lenders WANT to lend, and Elon has a big cult following. You can bet there’s financiers who’d love to throw money Elon’s way for a chance to be part of the story. I’m sure Kathy Wood would sink even more funds into Tesla for one night with the man, and there’s others who would kill for a component on the falcon heavy to be named after them.

There’s a lot of money out there that is looking to be put to work. Bonds give almost no returns many even have negative yields, stocks are starting to seem scary after this bull run, and private markets are less appealing after the rework fiasco and the rest of the SoftBank failures.

Why wouldn’t there be more funding available for Tesla when the central banks all over the world have the money faucet running?

>>16646396
>Did you just say auto companies have hundreds of billions of dollars in debt?
Yes, I said that auto companies have hundreds of billion of dollars of debt. Take Ford, for example, " In the fiscal year of 2018, Ford reported total debt of about 154 billion U.S. dollars." I'm not surprised you didn't know this, I already stated you were retarded but I don't feel like beating a dead horse.
>Tesla is actually leveraged up to their necks and have no clear way of coming up with the cash to pay them off in full once they come due
Tesla has zero issue finding funding. Even the Chinese government just gave them 1.4 billion dollar loan at their best possible rates for their new gigafactory, which by the way, didn't even exist this time last year yet is now producing thousands of cars per week and is also one of the world's largest factories. I can't imagine the hubris it takes to bet against a company that can do something like that.
>I’m obviously not going to short Tesla with 100% of my portfolio retard.
Why not? You're some faggot high school student with near zero money anyway, the least you can do is YOLO instead of shitting this thread up with your ignorant stocktwits quality shitposts.

>>16645466
All my relatives are dead, estranged, or live very far away. Enjoy it, you'll miss it when it's gone.

>>16646426
>flip the odometer on a Toyota Camry and still go cross country, no worries
>buy a shitty cyber truck that gets battery depletion after 20k

Zoomer detected, initiate inverse protocols, brain let algorithm activated, proceed to male calico cat production

>>16645715
>the big winner was small cap gold miner Aurion Resources with a +10% boost
>big winner
>10% boost
>today
You're off by a factor of 30

>>16646458
Every platform that has DRiP has partial shares, even if they don’t let you buy partial shares directly. There’s very little benefit to mutual funds over ETFs right now, and Schwab is working towards eliminating those advantage.

Where my LK chads at? Hope you're sipping on some strong coffee and enjoying today's gains

>>16646346
Wise to have some skin in that game. AMRN has a near perfect patent litigation record, and actual P3 data to support its drug. CEO is holding out for a decent offer, won't sell below $36 a share. That is your floor.

>>16646516
If only there was a way to see the current battery degradation rate, like if they had actual cars on the road we could then study...

>>16646468
Yeah let’s just handpick the auto company that is an outlier for industry leverage metrics. Pic related is more typical for the auto industry.

Nobody is arguing that Tesla has any trouble finding funding, im talking about the ability to pay back that funding. Tesla’s D/E ratio looks good at first glance, but when you consider how overvalued the equity is compared to its earnings then it doesn’t look so great. You can’t just throw up huge debt numbers and hide behind a false funding argument, when you’re disregarding the fact that Tesla is far less profitable than any of its peers. The larger debt numbers are directly in correlation with larger revenues idiot. That’s why Tesla is overvalued. They have an equity value multiples above the other companies with a fraction of their revenues

Short long the spy and DIA

>>16646568
Kek what happened to that poor guy with 75% near 0km

Is this true?

>>16646534
>You're off by a factor of 30
What? Aurion's Canadian ticker closed +10.29% and the US OTC version closed +8.6%.

>>16646646
wtf I hate GALT now

>>16646646
which part are you talking about

>>16645951
/pol gets like this with two guys ruining threads because of their bickering. Probably Share Blue trolls trying to end discussion over there while these guys are just faggots.

>>16646539
That's good to know. All my research wasn't in vain

>>16646646
if you mean the "paid promoter" part, the company publicly stated in a recent Q&A that they don't hire paid promoters
it also isn't true that the drug doesn't work, or that it's "all about reversal of fibrosis"

so in summary, no, none of it is true

How much interest would there be of a breakthrough in the inefficient process of turning fuel into energy?This new methodology is being demonstrated on dinosaur tech. It has turned any ordinary carburetor into a process that uses fuel more efficiently than modern fuel and direct injection. This carb modified with the methodology creates more horsepower and torque everywhere, passes all emissions tests, uses less fuel, keeps the internal combustion engine cooler, adjusts to altitude/temp differences and does this all in dinosaur tech to open eyes and make a statement. Imagine what this breakthrough in extracting more energy from fuel could do or further become used in more advanced tech. Also this methodology is a process that could pull more energy from anything combustible with the right tuning and setup. It would make Hydrogen way more efficient to use.

>>16646698
>>16646646
https://investor.galectintherapeutics.com/static-files/a3aedfe5-bc40-4a08-9b4b-74f474567db0

they specifically mention in this recent Q&A that they don't hire paid promoters

>>16646698
Why would they spread FUD about GALT? IS IT HAPPENING ALREADY

Can anyone provide any insight, speculation, or shit posting on what is going on with ACST?

>>16646657
>>16646534
Wait, I think you misunderstood my original boost. I didn't mean big winner of the whole stock market. I meant best winner for the day of my own portfolio.

Speaking of which, Gold is moving up again this evening.

>>16645326
Can anyone provide any insight, speculation, or shit posting with what happened to ACST today?

>>16646581
>There's no car company that is hundreds of millions of dollars in debt
>Yes there is
>Well don't use that one, let's use a company that is only 70 billion in debt. Surely that will prove my point despite Tesla having a fraction of that amount.
LMAO. Look at the goal post moving.
>the fact that Tesla is far less profitable than any of its peers
They proportionally spend more money on expanding the business which is why their growth is near exponential while the other car companies are in serious decline and are not prepared for the coming shift to EVs, which will be terrible for them because electric cars are becoming cheaper to produce than ICE so the margin will be smaller on them and there's more competition from countries like China which traditionally didn't compete with them but are now starting to lead the industry.
>The larger debt numbers are directly in correlation with larger revenues idiot.
I never stated anything contrary to this. It still a huge liability, it would still decades to pay off their debt if they ran the company at a loss, but their shareholders would revolt so their hands are tied. Ford pays 6.0% dividend despite all this. GM is similar.
>>16646626
Their battery warranty on those cars is something like 8 years or 200,000 km, but I don't know if it covers something like that. My bet is that they replaced it out of good faith, seeing as it was either a model X or S, but I don't think they would do the same if it was just a model 3.

>>16646698
>>16646705
that sounds like something that a paid promoter would say

>>16646706
it's just stocktwits drama

>>16646719
ACST is in Canada, which is near bankrupcy. They were supposed to announce their results today. Someone sold a million shares possibly to a leak. Either Canada killed the company or results were not good. Either way, there is more reason to believe it is bad news over good. People hide bad news as long as they can, while announce good news as soon as possible.

>>16646646
nervous

>>16646706
but also an erection

>>16646157
can't wait for global 45 min shipping in 10 years when they shoot a container with your delivery up into space, have it fall down to your country via gravity and get caught midair by local drones

>>16646355
i also assumed as much

>>16646070
>>16646754
Out of curiosity, do you ever feel bad shilling Amazon so hard when as we speak there's likely some minimum wage employee dead from overwork in a darken corner of one of their warehouses?

I feel terrible because I own a small amount of GOOGL, I can't imagine what it would feel like to own so much AMZN that I'm shilling it for free in my spare time.

>>16646646
GALT's ST board attracts some obsessive psychopaths. Many of them are shorts, some are bulls. It's a weird place.

Is capitalism voluntary?

No

https://www.youtube.com/watch?v=mHWAi_xCA_s

>>16646784
>do you ever feel bad shilling Amazon so hard when as we speak there's likely some minimum wage employee dead from overwork in a darken corner of one of their warehouses?

>being goncerned about ethics on the stock market
Never gonna make it. Also Amazon isn't even close to the worst offender on the US exchanges for shitty work conditions.

Opinions on CHL?

>>16646784
i'm just pissed that amazon has been going sideways for so long. wouldn't make these posts otherwise, makes me feel a little better.
i also own alphabet stocks and that hurts more because at least amazon doesn't suppress people's thoughts on a global scale.
i do believe amazon will pay off big time long term though, even for those that buy right now. hopefully after they have taken over half the world's commerce they will start paying dividends.

>>16646894
Didn't bozos say he will never ever pay divs?

SOMEONE TELL ME WHEN THE FUCKING CUNT ASS S&P WILL STOP FUCKING GOING UP.

I sold a put credit spread on SPY on December 11th with a $322.50 strike expiring January 10th, thinking "this has been running really hot, SURELY IT WON'T JUST KEEP GOING," and because (((their))) math showed me a probability of profit of 86%, but the motherfucking S&P JUST KEEPS FUCKING GOING UP EVERY SINGLE DAY AND WILL NOT STOP.

NOT ONE SINGLE DOWN DAY SINCE I ENTERED THIS FUCKING TRADE.

The only thing that slowed this bitch down was when they took the dividend out of the price on Friday.

TRUMP, PLEASE JUST TWEET SOMETHING THREATENING-SOUNDING.

STOP GOING UP, AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>16646937
*call credit spread

>>16646482
literally me and i don't miss it at all. maybe if i was already miserable lmao

>>16646937

Eat it faggot. Don’t bet against the market. The whole point of the market is to go up abd continue going up.

This week has been very good to me. Up over $100,000 over the past 3 months and about $25k the last 3 days. Anyone thinking Tesla doesn’t have firm support above $400 now is delusional.

>>16645466

No hot cousins?

>>16646950
My tsla options will pay for my CYBERTRUCK

>>16646915
dunno, maybe he's not with the company forever or simply changes his mind.

>>16646937
>taking the opposite side of the trade from Jerome and Donald and the US economy

>>16646749
True. AMRN was halted but it resumed at the end of the day into after hrs once the good news came out. ACST took a big dive and no news at all. For all I know it's still halted. I'm not into ACST so I've no stake at all in how that shakes out.

>>16646937
Anon you're supposed to wait for the actual pullback to start first before you try to gain off its decline. I did a deep dive on the feasibility of shorting SPY on a swing time frame and it's extremely tricky to get right given how strong the tendency to rebound is. I think the only relatively safe spot to enter short on SPY is off a bull trap kinda pattern, and only then if there was a good reason for the initial selloff that is still a factor at the time you enter short.

>>16646937
Lmao I wondered what rube was taking the other side of my trades

>>16647012
This anon knows what’s up

>>16647020
BALLER

>>16647020
Lmao. Reminds me of when my company did a 6:1 stock split and briefly I was on paper worth more than $10,000,000 before I realized they hadn’t reconciled the new share values.

>>16647034
No he’s just a retard.

>>16647039
800% is still baller as all fug even if you didn't plan or expect it to go that way.

>>16647020
He knows it’s a reverse split... and he thinks the gains are real? Am I missing something or is he about to have the rug pulled out?
>>16647012
>watch one no nonsense forex video
>”basically, don’t try for reversals, we catch the trend”

>>16647045
Oh wait. No. I'm retarded too. Didn't read about the split.

>>16647045
He didn’t gain 800%... a reverse stock split doesn’t affect the price of a stock, certainly not by 800%. Most likely the stock price is being miscalculated and he’ll come back to earth when they fix it.

>>16647063
I know. I saw after I posted.

>>16646748
Are they really full of shit, because that is a tall acqusation.

>>16647069
I saw your post after I posted, sorry! I feel for the guy but I didn’t go around bragging, when I was suddenly worth over $10M I checked and yeah they hadn’t updated the stock prices but they gave me a lot more shares. The reverse just happened to him.

>>16646748
And I want to believe they are trying to short to get in

>>16647051
He’s about to get the rug pulled out. Hopefully he buys a brand new car first lmao. I wish I could see the comments on that post.

>>16647088
Looks like he already deleted all his posts on that account. He must be crushed.

>>16647071
none of the things in those two posts are true

>>16647083
it's just stocktwits drama, they have no position either way
there's a guy on the galt stocktwits board who posts bearish things on the icpt stocktwits board, so those guys from the icpt board are posting bearish things about galt back

>>16647107
Aww.

>>16646242
>it's predictable
how much are up this year?

>>16646702
source?

>>16646282
>hahahahahahahha

ONTX - FYI; 93% Owned by Fat Cat Investor groups. Which is nice to see. These groups have ass loads more at stake. Hell Armistice Capital LLC has a 64% stake. More have been adding shares recently. All points to something very nice brewing later.. Hello Green Bags. Even $1 puny dollar would be nice. 2000 shares, $2000.00 v.s an investment of little over $609.00

>>16647088
what’s the platform/site?
How do you buy an etf “for a farm?”

>>16645326
I want money

>>16647187
No idea, I avoid reading stocktwits, the more I read the dumber I get

>>16647211
PM me your bank username/password and I’ll deposit some money.

>>16647152
Yeah I kind of feel bad. But at least it was a good trade, he was still up more than the reverse split.

>>16647211

Hello my friend, it is I, the prince of Nigeria. I am contacting you on this trusted Peruvian scissor-dancing forum because of your reputation for trust. Please e-mail me your full name, address, SSN, and bank account information so that I may deposit $500k cash for you to hold.

>>16646730
that sounds like something a short would say :-}

>>16647211
sent

Where am I supposed to start with this NNFX guy... so slow... does he maximize viewcount if he goes slow and divides it into a million vids?

>>16647078
He saw you posted after. Oops!

>>16647303
Sheeeeeit this nibba just said the market it “cancerous to its core, to the lengths we've Never seen before,” that we’re in an everything bubble... he’s on the “recession bandwagon”

Is he a fucking bearcuck?
Goddamn!

>>16647392
Oh I dunno. He may not be wrong. The worlds economy rests on a number of sort of possibly flimsy things. If one of those breaks it will test the strength of the others. If the others are not strong enough there could be cascade and another series of market crashes around the world.

holding SSO exclusively

explain why this isnt better than VTI holding

>>16647413
It’s better in bull markets, worse in sideways markets and bear markets. Psychologically it might be very difficult to hold through a bear market or a period of high volatility and you’ll panic sell at the bottom. You would’ve lost over 90% in 2008, would you be able to hold through that? What if you lost 95%?

>>16647413
>>16647460
Personally I buy leaps on margin to enhance my returns and hold VOO. If I feel the market is ever going sideways I can close my leaps and hold tight for the ride.

>>16647467
Why VOO over VTI? Isn't a Total Market Index better?

>>16647460
Probably would sell if there’s a bearish crossover and a major crash in breadth...

All in on CORV boys

>>16646915
Wasn’t aapl the same way til Tim Cooke took over?

after much DD today, I think I found a play for tomorow

>>16647475
They have like, 99% correlation so it doesn’t really matter. I personally don’t want to own the stocks of small caps and I believe VOO will perform slightly better than VTI because of concentration of wealth. I like the vetting a company has to go through before joining the S&P. Also lower expense ratio.

Honestly if owning everything is your worry, you should buy Vanguard Total World Fund. But it’s greatly lagged SPY for a long time now. Maybe that’ll reverse, maybe it won’t anytime soon.

>>16647467
Imagine paying putting your money in the largest bull market in history only making 10% a year.

>>16647488
I guess as long as you’re watching closely. Liquidity might also be an issue if the market is crashing and you could find yourself down 40% in a day. But I admit I am tempted. I would probably balance it would an intermediate treasuries fund (~20-30%) to increase reward per unit risk.

>>16647211
Money me. Me needing money a lot now.

>>16647566
What makes you think I’m only making 10% per year?

>>16647566
What makes you think I’m only making 10%? Besides my fund it over $1.5M (after taxes) now so even “only” 10% is fine by me.

Also if I had a time machine to know what the stock market was gonna do I’d be richer that Buffett, so that’s a gay argument. VOO guarantees you’ll do better than half of investors by definition which is a good starting point.

I’ve made $30,000 in the last 3 trading days on my option plays. I do what I can, but I have enough money that going full YOLO just isn’t my thing anymore.

>>16647572
Start sucking dicks

>>16647557
I see, why did you pick VOO over VFIAX?

>>16647519
I've got a decent size position in CORV. It started pumping today and lost steam at the end of regular trading hours. Hopefully the gamblers get in tomorrow so that I can sell. I'll buy back their bags when we resume trading after the Christmas holiday.

Really torn about SGEN... looks good and it’s getting added to the nasdaq, but it’s already pumped so hard.

I think I’m gonna reallocate to Nintendo. Gonna stop by the local target and see how their switch sales are doing.

Gold currently costs $1488 per Ounce. /pol/ would appreciate that.

>>16647820
Those degenerates?
Fuck that. Post animegirls.

>>16647907
Well it took 1489 now so jokes over anyway.

>>16647973
Golds on a run, but DAMN silver’s Really running! What’s it tryna do? Why’s this happening?

I'm of the mind that market crashes are obsolete
BUT
There are cycles, and reversions to the mean.

Where does /smg/ stand on "value"?
How are we feeling about the current Doggos of the Dow© or even just the biggest S&P laggards? I'm kinda liking the risk/reward proposition in ViacomCBS, Cisco, MMM, Pfizer...

>>16648047
1490 resistance being tested! We're doing this right now!!

Why? It's a combination of factors.
1. Gold and silver run up during the previous spat of index volatility indicated to me that this is one avenue large financial institutions intend to take as they defend themselves against repeats of said volatility and preparation for possibility of it getting worse.
2. Demand from banks around the world for previous metals did not decline while the market rallied
3. As a consequence of 1 and 2, both gold and silver established strong support prices a bit down from their 2019 highs. This looked like consolidation to me, not distribution. The likely result is STRONG bullish bias for precious metals.

I hope I'm right. If I am, all time highs are possible within a year.

>>16648047
Prices can only be suppressed so much for so long. 2020=2008, cracks in the system are already obvious, you just need to look. Metals will keep going up as banks and elites pump more and more of their wealth into them.

>>16648111
Not sure. I'm pretty bullish on any sector or individual company with limited or zero market correlation. Also Boeing. Boeing make continue down for a while. Or not. That's a juggernaut of a company that will recover from this sour patch. When the time comes it will be the most valuable of cheapies. Just don't knife catch it.

>>16647548
Interesting, you think the Phase 3 data will hit before EOY?

I make and observe tech as a contractor..there have been many breakthroughs in tech recently. Particularly battery technologies, solid state batteries and fuel cells. Also, expect MSFT to keep pumping. Apple will also pump because their PE ratio is so low. Watch out for Tesla's earnings, if Tesla posts a bigger profit expect another pump. AMD also will continue going up.

no bully pls

I did this a while back when I first started learning about investing stuff and barely look at it

>>16648111
Go for Merck instead of Pfizer. Merck has a high div yield and their PE ratio is 25. Merck has plenty of space to pump, particularly if they manage to post a higher profit next quarter. A PE of 25 is pretty low, for example MSFT has a PE of 28 while AAPL has 23. A low PE means a lot of space to pump.

>>16648288
Oh I'm very bullish on Merck, they could have more good news in january with more FDA approvals for keytruda uses in different cancer treatments.

The problem is it's already about 20% of my IRA right now.

>>16648161
Interesting. That's not true of many companies. Mowi Salmon farming didn't get hit too hard in the powell bear market, but it does correlate on recent time frame. Wish I was a SalmonChad though...

I'm not fucking with BA. The common sense approach has been so wrong for so long here. This could be a real GE situation. It's probably not, it's probably fine, but everyone is so SURE that because it's a duopoly they'll be fine, and that's got me concerned. Everyone's so sure that they'll get the 737 max back up and running and then it'll rocket back to $400... they're probably right, but I'm not touching it.

>>16648148
Be honest, did you think December 2018 was also 2008? Were you saying that all of 2019 too?

>>16648259
>all stocks went up
>DRiP
good job!

>>16648161
>any sector or individual company with limited or zero market correlation
Any more examples?

>>16648465
Not specifically. Electrical utilities look pretty good right now. And railroad cargo freight, at least in so far as the Canadian rail companies are concerned. I'm not sure how the US equivalents look.

>>16648554
Enbridge was covered as an attractive investment for its dividend in morningstar’s “investment insights” podcast this week... I would take that as a sign that it’s not a good idea and that the ship has already sailed.

PPA is a good alternative to BA,cheap and one of my main holdings.

>>16648431
>did you think December 2018 was also 2008? Were you saying that all of 2019 too?
No, because the signs were weaker. PMIs and the Feds repo operations are all the proof I need that things are going to hell very soon.

>>16648576
The fed just propped up the market for another five years,it'll only fall when Trump is gone.
You really wanna wait another 5-10 yrs for 10-20% on a big dip?

>>16648576
I appreciate your analysis and that you took the time to respond.

I do expect the recent increase in defense spending in the recent spending bill just passed to increase manufacturing... though offsetting the damage of Boeing's fuck ups will be difficult... PMI does include aerospace and defense, doesn't it? Those F-35's ain't cheap, and Japan just put in some orders as well.

>>16648592
>The fed just propped up the market for another five years
Five years? No. They just kicked the can down the road a little further. How long it will last is anyone's guess.

>>16648570
Time to get in ENB was in august

>>16648575
I like a lot of those holdings, but I'm wary of all that UTX, Honeywell, and Boeing... Kinda rather just buy LMT and LHX directly, maybe a bit of NOC too. We'll see about RTN once the merger is completed.

>>16648650
So they're a few months late again, I thought as much. They made the case on last weeks edition for the opportunity in tobacco divvies fukkin kek. MAYBE imbby is an opportunity, but I'm not screwing with the UK outside of megacap pharma (GSK and AZN)

>>16648643
You don't think that the trade deals with China and eventual ones with France,the EU,and Japan will boost all markets?
Did you not see the infrastructure bills ,space force, eventual medical reform,and 5/6g benifiting providers like Nokia and att getting passed that will stir up another roaring 20s?

I think the market will be fine for a long while as long as trump keeps trying to bring world peace,as long as NK,some Democrat,or a Jew doesn't co e along and fuck it all up.

>>16648643
Also before I started rambling,are you just waiting for a massive crash? How do you idle and know to call it?

I got 2k to start trading
Is that even remotely enough?

>>16648662
>are you just waiting for a massive crash?
No, not at all. I'm still going long on companies in a variety of sectors if the charts look good for it. My point is it's a valid concern and the hints of weakness are there. Only thing I'm reasonably confident about for 2020 is the continued power of the crab.

>>16648677
Yes. Jump in and learn. I wish I had started this stuff straight out of highschool instead of waiting until I was 33 to start learning about stonks and trading. I could have traded the 2008 recovery!

>>16648658
You lost me at medical reform

I didn't realize you unironically worship the drooling boomer. The numbers will go up, but don't expect too much from the man besides shouting over helicopters and deregulation. And deregulation could be a tough sell when it's looking like more regulation could've protected our GDP in the case of this massive Boeing fuck up... but they can just spin that as a "regulation doesn't work" thing fucking kekekeke

That's actually what they'll probably say! Why regulate when it doesn't work! Abolish the FAA! The air is dirty, get rid of the EPA! Offshore oilrig blew up? Get rid of the mining regulators! This fucking liberal vs. conservative thing is ridiculous, we just swing hard from one side to the other and can never find a nice place in between.

>>16648592
>The fed just propped up the market for another five years
What are you basing this on? Even without all the recession indicators flashing red, we're still in the longest expansion in history, there's no reason to believe it's different this time and there won't be a downturn soon.
>>16648641
A manufacturing recession is a late stage symptom of a credit bubble. As the new money trickles down from producers to consumers a lack of real demand for higher order goods is revealed, and the huge amount of malinvestment in this area proves largely unprofitable. This manufacturing slowdown is the tip of the iceberg.

See pic. Does that look like anything resembling a recession? The fed repo only reaffirms their power over the markets, and they’re pumping it. Get in now or be forever poor.

>>16648719
It looks like there's a recession after every bout of economic growth

I forgot about rocketman's threat of a christmas gift... I may sell all my pharma calls tomorrow and hopefully LMT will let me find an attractive reentry point.

>>16648715
>manufacturing recession is a late stage symptom of a credit bubble
source? more info?

Any progress in trade deals and brexit that can create certainties for business will increase producer demand, I'd think. But Trump and Boris don't seem concerned with actual progress right now.

>>16648719
That's just a chart of the S&P. I wouldn't want to be a short, but it doesn't tell us much about recessions.

I believe Cio was using it to demonstrate that we're definitively not in anything that resembles either a bear market or a blow-off top.

I agree with that, and think it is a good time to be "open to better than expected outcomes". If this stepwise function continues... this is exactly when you'd want to be invested in the market for the long term.

That said, I wouldn't be shocked by a 1-2% pullback in january, and I'd expect it to be promptly bought up. I expect investors don't want to realize gains this year and pay taxes on them, and may decide to do so come january.

>>16648823
>source? more info?
I'm a historian, not an economist, and manufacturing decreasing was one of the only warning signs for the Great Depression.

>>16648677
Yes, do it. Put the major part of it in something more or less safe like a broad ETF. Use the rest to try out trading. Read as much as you can but don't give any money to people who claim to know the secret.

>>16648823
>more info?
It's just Austrian business cycle theory. Clearly not popular here but it predicts every major recession. Crashes aren't random, they don't happen through bad luck or because the Fed stimulated too much or too little. The incredible boom we're experiencing is an unsustainable illusion.

>>16648929
I buy that central bank stimulus or tightening isn’t everything, but to make the argument that it’s irrelevant and can’t halt or lengthen an economic expansion seems unreasonable. Is that a tenant of Austrian theory?

$AMD and $TSLA is going to dip soon r-right guys?

>>16649011
Why would Tesla drop? They just unveiled a new model and unless sales are disappointing their stock will only go up.

>>16649011
At the rate they’re going, it’s more likely they’ll be added to the DOW 30.

>>16648965
>but to make the argument that it’s irrelevant
Not what I said. All I meant was that people believe emergency Fed policy itself can be blamed for recessions, as though earlier stimulus could've prevented the GFC for example. This all goes back to the idea that markets are naturally cyclical and we need central banks to smooth them out. In reality bubbles inevitably lead to crashes, and all intervention can do is delay them.

>>16645538
boomerfolio

>>16645538
>CXW
you better sell that shit in a year

>>16649133
My most boomer of folio

>>16649281
and my magic meme money folio

I am pretty happy desu because I only started doing this at the end of october

>>16645326
So, ACST plummeted 24% on no news with unprecedented volume of 14,000,000 shares yesterday.

Anyone have any ideas as to the cause? I mean, why the massive volume and sudden plunge on no news?

I want to buy at such a deep discount but have some hesitation because I can't find any shred of a reason for the dive or sudden volume.

>>16647392
The company I work at has made a lot of very dubious decisions over the last few years. Everything is motivated by inflating the stock price and appeasing/bribing the shareholders, but the actual business is suffering under that leadership (lack of investments where they're needed, restructuring of the company that looks nice in the balance sheets but introduces lots of red tape, removes key experience and makes work much harder).

Things were much better before the company was swallowed by a bigger corp and started being publicly traded. Ever since then, we've become less innovative, less dynamic, less competitive. I can imagine it's the same everywhere.

>>16649295
*addendum
there was even a trading halt put on the stock yesterday to stop the hemorrhaging

They dont do trading halts just because a stock price is tanking for legitimate reasons.

>>16649322
>he doesn't know about the circuit breakers
yeah man go catch that falling knife, good luck
>>16649309
Interesting... yeah but I imagine that's what the big machine needs from its component parts, it needs you to be just like the other components. Is this in manufacturing by any chance?

>>16649295
AMRN, MTNB and ACST are all runners in the great fish oil pump and dump. In the end there can only be one, but for short term degenerate gambling all three are viable ways to make some money.

ACST has the weakest prospective drug and poor overall company performance and should be treated as the most volatile speculative short term swing trade. If I held ACST I would have taken profits as there is almost no further upside here, pure news.

MTNB is less weak as a company and has some value, less risky as a result, but is unlikely to do much apart from the potential upside which is a solid product with some unresolved patent issues and should be treated as a speculative medium term trade.

AMRN might already be priced in and is not a great pump and dump prospect anymore. You either hodl or you got out.

>>16649334
>Is this in manufacturing by any chance?
Yeah, but I'm not giving away more than that.

>>16649335
Thank you, sincerely, for taking the time to write such an informative reply.

>>16649339
thank you! I'm not sure why I thought that, but that's the first industry that came to mind, just fits the profile. I don't want you doxxing yourself.

I'm sorry about your dissatisfaction with the direction the company is going, and hope it gets better.

Look at tsla in the monthly. You see that big green dildo above 350? Plus you’ve got monthly macd bullish crossover. I’m no tsla Fanboy but If you’re short, you hate money.

>>16645625
and then you can fuck them amirite?

>>16649011
AMD has already breached 46$ in futures. At this rate, it might even hit a new ATM above 47.5$ either before the end of the year or shortly after. Unless something drastic happens between now and CES on January 9th, it should continue to go up.

>>16649335
While I have your ear, I have one more question, if you dont mind providing your opinion.

I have made some nice profits swing trading SAVA and NLTX, but currently own neither. Normally, I would look at them now as overpriced and wait for a correction to buy. But the performance seems to indicate that they may not return to previous recent lows or even close to them. Plus, I know that there has been insider buying at both. I dont want to buy just before a dump and my instincts are telling me to wait, but I am not sure.

Any thoughts?

>>16649356
That doesn’t look like a terrible place for a short entry/put, but I would like to see it overextend Itself a little further

>>16649426
Sava is currently a hold for me and I will be cautiously buying dips. Only 50-100 shares each time though. If there are no dips then there are no dips. There will be people who are looking to take profit however, especially in the new year.

NLTX I swung a little, but was too cautious trying to buy the dips and I now have no shares. I am a little disappointed, but mostly indifferent as I gained overall and I'm quite sure the underlying value is almost completely speculative and the majority of buyers are unprepared to hold on once it starts to establish a true value which I belive is about $9.

>>16649548
Thanks, again.

another day
another high

another night
another high

are there any mining stocks in existence in regards to russias far east, especially kamchatka?

>>16646188
Give the fact that a recession will occour (probably next USA election) , how can i profit from a recession?

>>16649657
Ze beeg short.

>>16649657
you are going to get steamrolled

DOW to 34,000

>>16649628
Kamgold, Far Eastern natural resources and probably some others.

>>16648701
>>16648877
Alright will do.
Any reccomeded ETFs to look into?

>>16649868
UPRO

CORV time

>>16649215
Trump will not be convicted. He will be re-elected. Even if he hypothetically wasn't, the democrats are not going to stop detaining people. Trump just intensified obama's work

>>16649671

That big Short movie caused a lot of people some pain. Or any story where someone identifies a market top and makes money on the way down. Every brainlet who sees one of those movies or hears one of those stories starts seeing market tops and recessions everywhere.

All these "my first bear" traders who are getting squeezed to death in TSLA or BYND or every meme short out there... To me it's hilarious, but I'm sure I'd be mad if it was my inheritance getting dumped into bad trades by boomers who saw a couple movies and think that they're Steve carrell or something lol.
When we hit SPY 500 I'm going to be saying "thanks, Big Short". Because it's media like that providing the squeezable material necessary to keep pushing us up real easy. Like it isn't even hard to do on these stocks like TSLA or whatever, these helpless baby bears think they're some mad scientist, the most clever person in the world entering these trades. They think they're some genius and they'll get a movie made about them when the market crashes. then they go out and lay on the railroad tracks and act all surprised when they get squished

>>16647211
We all do. Well, except baggie. He wants adventure.

>>16649868
XBI, can’t go wrong with healthcare baybeeeee.

>>16649914
Baggies on his next big "adventure" in rehab

>>16649909
>BYND
The amount of asshurt that BYND caused was so amusing

Only a short day today, gotta make sure I flip my SAVA one more time before crimbmas

What stocks to buy today when it opens?

>>16649923
HA! poor bastard, he's a millionaire but he can't get his shit together.

Also I am like 80% sure I know who Pendy is on Stocktwits.

>>16646346
>>16647006
Haha, Nothing can stop AMRN now! Profit shall rain down like mad for ten years starting Monday!. Nothing can keep the stock price down anymore either. By this time next year the current stock price will seem "cheap", that is unless the Holy Buyout happens, which for all we know may happen before Christmas. P.S My T-babies just Hiked that Fat Divvy some more. So double the good news for me, haha.

Some thought me mad as hell, others thought me "retarded" but who's the last one laughing now. The dude who's sitting on a gold mine thanks to AMRN or the dude who dismissed my claims as madness? Haha, fuck the haters and all that shit here's to me finally getting a nice Fat Wad of Green in the bank as well as kick starting my long range plan of a comfy retirement when I'm age 50 and age 65. I took a big ass gamble but oh hey look at that it's paid off for me in the end. Let that be a lesson to all; I always win in the end.


It would not be a surprise if Big Pharma knocks very loud on AMRN's door over the weekend/all next week. With a very nice deal in place before Christmas. They know the time to buy AMRN is before they can get the ball rolling. Cause the longer AMRN goes it alone the higher that stock price will climb and thus the more Green Bags Big Pharma would have to fork out.

>>16646346
>>16647006
The party as they say is just getting started. There's still more good news in the wings. Canada approval for one, a Buyout for another. Even if a buyout don't take place for a while, so what? The stock price will climb all throughout the year due to demand and drug profit out the ass.

For me AMRN is not just another stock. Some people just go "hey if I make money great, if I don't oh well" Which is fine and to be honest that's the right way to go about it. But for me, losing money on the deal was never an option cause I need all the money I can get. Long story short; I'm 36, didn't save as much as I should've during my 20's/early 30s. So now my retirement plan is kinda lacking. AMRN is a way to correct that mistake and give my retirement plan a big kick in the ass. Sure I've got a pension and a 401 and now a brokerage,etc. Both the pension and 401 are doing rather well, but still. It don't mater how good the investments are doing if your still behind as it were. All the retirement people tell you this; "by age 40 your on track for a nice retirement if you have double your salary in the bank (or invested)" Thanks to AMRN I'll hit that mark about 4 years sooner.


Nope, I'm still here. Really nothing is wrong with AMRN, just profit taking and fat cats wanting cheap shares before AMRN flies higher and/or the Buyout happens. Honestly ask yourself this; What has changed that is bad for AMRN recently? Answer; Not a damn thing, in fact good things have happened. Nobody said 30 per share or higher would happen overnight you know.. It takes time. They've overcame all the road blocks set in front of them so far ain't they? Look at the year's earning reports/sales. All though out this year both Profit and Sales have only done one thing; climb higher. There is nothing to indicate this will not keep on climbing in 2020 as well. Also, the fat cats ain't selling any, more like they're buying more, cause they know there's more Profit ahead.

>>16649938
Just fucking hold it.

>natural gas

>>16650006
RIP my MLPs.

>>16649981
I'm doing enough holding

>The stock market is, in fact, open on Christmas Eve. But it will close early. The NYSE and Nasdaq close at 1 p.m. ET. Bond markets close at 2 p.m. CME trading for Dow Jones futures will close at 10 a.m.

what do i do bros? is it worth day trading today or should i just chill and play some borderlands 3 and wait for Thursday?

SOXL. Face it. Semiconductors are crack in all but name. The desire for newer, faster, more is insatiable. Computers, GPUs, self-driving electric cars, AI enhanced smartphones, medical devices, microcontrollers, networking gear, machine learning, surveillance, infrastructure, it's endless. It doesn't matter how many there are, how fast or efficient they are, the demand is for more, bigger, faster, better. The clamor for fresh silicon gives nary shit for national identity, creed, hue, gender, asshole virginity or any other vain conceit; the multitude shouts as one their plea: semiconductor.
What delights the most tomorrow's Christmas day? Semiconducters blinken the lights.
Picking up what I'm laying down? Consider SOXL. SOXL is an ETF, a 3x leveraged entry exposing you to all the fastest growing, ceaselessly innovative, successful companies extant in the semiconductor space. Nvidia, Qualcomm, Intel, Broadcom, Micron, Texas Instruments, Applied Materials, other names less household yet unassumedly, delightfully entrenching the space around you. Places of industry animated by peerless visionaries, producers beating the heart of the real tech revolution. That is the hardware. For this, SOXL is all you need. It is a first class ticket. The last 7 years alone, SOXL quietly racked up no less than 42x gains. Gaze forward, see where our world headed. See it is just inching forward but note how fast the steam is building. There is nothing anywhere akin to the growth and potential of the semiconductor. 42x gains passed yet orders of magnitude still to come. Any estimate no matter how fantastic is likely pitifully conservative. Fren, stop waiting for the "pullback". Forget about buying any dips. Where this is going, fretting over the price of entry won't matter and fucking around will just cause it to pull further away from you. Strap in Anon. Now. Buy it now.

>>16650174
will this ever dip? I was going to wait until Jan so I can get it in my roth and avoid taxes.

(buy and hold master race)

>>16649909
investors will never stop making us traders laugh. stock market goes up, i go long. stock market goes down, i go short. there are stocks crashing in this major bull market right now, there would be stocks going up in a bear market, this is what stock screeners are for. there are still going to be tons of earnings hype and post-earnings drift to be played predictably over and over again as a trader, regardless of what the overall market is doing.

there is easy money to be made in the stock market. there are extremely high probability setups. yet some of you fuckers CANNOT stay away from the "BEEG spike!" get rich quick bullshit. like, you could be making smaller amounts but over and over again which adds up and even compounds. but no, boomers need "the BEEG short! i want the BEEEEEG one!" then they lose all of their fucking money on some dumb shit. fucking disgraceful.

Last time at this year everyone was panicking and thinking we were about to go into recession.

Hell, the same was true just a few months ago. How quickly things can change.

FUCKING SAVA DUMP REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>16650282
what? It just bit 4.40

>>16646726
Where did we open faggot? Nice analysis

>>16650288
I'm trying to add to my bags, i want it lower.

>>16650182
SOXL tracks pretty closely with the S&P the difference being when SPY sprints high, SOXL goes much higher and when SPY trends down, SOXL goes much lower. Since the market in general over the long term drifts up, SOXL through the magic of compounding in addition to being a reflection of the healthy semiconductor sector will do the same thing but significantly higher.
So, yes, there will be a dip. The question is when. If SOXL goes up to 375 and then "dips" to 325 then you still would have been better off buying in now. Obviously I'm extremely bullish so the bottom line for me is this. When SOXl gives us the next 10x and we're looking back on our entry price, will it matter much if we started at 250 or 300 or 325? I think we'll get over it. The simplest answer if your anxious is to dollar cost average starting now.

Took another 30% profit on SAVA. Now I'm going to wait for a good correction downward to hop back in.

Made about 6 grand on SAVA total the past few days, which really helps mitigate the 21 grand or so I am down on SNSS. Thanks savanon

>>16650316
I've never DCA'd such an expensive stock, I wish fractional shares were up anywhere I have an account

>>16650352
>21 grand
OUCH

CXW and GEO continue their upward creep while most of the rest of my boomer stocks are flat

I'm up on some SNSS calls I forgot I even bought, must've been in a dissociative state to put faith in SNSS.

MADE MOAR MONEY ON SAVA YEAH FUCK YEAH

Lots of profit taking in TSLA incoming. Bulls are delusional. TSLA is a meme and overhyped by soiboys. Take your profits before it’s too late

>>16650174
chip-pill is easy to swallow

RAD up 6%. Company saved by fucking ice cream sales. Incredible

>>16650401
Elon has like 40 pumps in his back pocket
-China
- Y
- Battery day
- FSD preview

>>16650372
Ouch is right. It only needs to go up by 18 cents a share for me to be back to even again though kekeke

When is the market closing today? 12:00?

SAVA made my holidays, I’m so jolly and thankful... B-buy Imagine if you went all in on SAVA and 200% everything

>>16650463
Alternate Universe Me has gotten rich so many times. I've learned to stop envying those guys.

Good god SAVA is still going up.

realistically, how mucher higher can SAVA go? I'm a wagie with a super small position (65 shares at 3.30) and wondering if I should just take the small profit or keep holding

NYSE closes early today:
1:00 p.m. (1:15 p.m. for eligible options) on Tuesday, December 24, 2019, and Thursday, December 24, 2020. Crossing Session orders will be accepted beginning at 1:00 p.m. for continuous executions until 1:30 p.m. on this date, and NYSE American Equities, NYSE Arca Equities, NYSE Chicago, and NYSE National late trading sessions will close at 5:00 p.m. All times are Eastern Time.
>>16650401
>TSLA down 0.35%
>Bears go absolutely nuts and act like they won the lottery
Oh no, it's ogre. I dare you to hold past the earnings report since it's going to be another profitable quarter.

Do you actually believe it will go below 385?

Question about forward-testing options strategies: I'm testing some call- and put-selling strategies. It's the decision of the owner of a call or put whether to exercise it, but the deeper into the money it is the greater the profits when they exercise. This means that there's a chance they'll fail to exercise at the top (or bottom), so even if my options go slightly against me there's a chance the buyer will fail to exercise profitably and I'll still come out on top.

Is there a standard way to factor this in, or should I just assume a worst-case scenario every time, and know that I'll occasionally overperform my estimates?

>>16650518
they may actually have a cure for alzheimers (global cost of 605B/yr which is 1% of global GDP).

What do you think?

Didn't know SAVA only had 9 employees

>gold and silver mooning

THREADLY REMINDER THAT DIVIDENDS ARE YOUR FREN AND FUNDING IS SECURED

bought $200 worth of sava at 4.14 at open today with the pocked change I had left over. Look at this little meme go

>>16650316
>bought 1 unit of SOXL

Will me in ten years be thankful present me did it?

should I buy SAVA?

is the price good?
it got x3 so fast wtf?

>>16650623
You gonna make it. Buy more every chance you get

>>16650623
>HODLing a leveraged fund long-term
Do some research. This is a bad idea unless you expect the bull market to continue forever.

It's been so long since a crash, probe are forgetting that they even happen. Lots of funds didn't exist when we had the last one, and their impressive returns are the result of never bring exposed to the downside of their bets.

>>16650644
checked, will add at least one a month until I have around a bakers dozen or so

>>16650563
wish i had bought more tesla earlier this year instead of sideways amazon

>>16650653
I'm 37 and it's money I don't really need. 99% of my wealth is in index funds managed by roboadvisors that, is there really much of a risk?

And I suspect crashes may never happen again. We're really in uncharted territory with unlimited QE and negative interest rates.

Ok natural gas that was funny haha haha haha

Meanwhile MELI keeps rising thank goodness

Is this a good entry for GALT?

>>16650662
>Is there really much of a risk?
Well, it's just an ETF, so the worst it could do is go to zero. If it's only 1% of your portfolio and it isn't money you're counting on, then no, it's not really much of a risk.

As to crashes never happening again, I would be cautious about being too pleased by that. If you're right, it would essentially just mean we're already in a period of massive inflation, but that it's currently confined to investment sectors. So if stocks don't crash, real goods will have to inflate to catch up with them.

why is it SO FUCKING EZ??? over 1% today and not even an hour has past. here i am all fully prepared to DCA too and nope, literally just buying the bottom of bars/ranges and selling the top over and over in an uptrend. only that last time i DCA'd a single time and that's all, fucking 2 minute trade. gonna be interesting to see how this goes as i increase my share size over time as my system proves itself out. right now im just shooting for 1% a day (starting with $1k position sizes), i could literally just keep doing this all day if i wanted.

i'll keep you guys posted. ROKU looking good today if anyone cares lol.

>>16650733
I'm up 46% on the stonks I picked myself....but yeah I'm aware I could also lose $.

I think we're already in an inflationary spiral just governments lie to make it seem we're not. In the old days you'd have bonds competing with equities for capital, but with flat or even negative interest rates, well, its obvious were people are going to put their $. Throw in what is appearing to be infinite QE and its looking like equities are going to be the main game for the foreseeable future.

I'm not psychic tho, so who knows? I just have extra cash so into the market it goes. I'm a bu and hold so I like to look for things that will benefit future me more than current me.

>>16650628
Insider buying. The ceo bought 1 million worth of stock.

Sold most of ONTX for a small gain. Flipped most of it into more DIS. Left with 60 share of ONTX. I've got $2 left dangling in my account.
Hey better to risk under $20 on a risky bio company than $600. Least I made some extra green on the deal. These things can take a shit at anytime. But they can also make you a shit pot at anytime to.

>>16650732
I think so
There's no reason for them to have significant downside from here, unless they do another offering, which I consider pretty unlikely, since they already have enough money to keep them going for a year at the absolute minimum

Somebody please help me, did I make money here or not? It's not at the breakeven price so I'm confused.

Wouldn't even have been mad if SAVA just kept going up but this pullback is healthy

>>16650740
A few days later
>"OMFG THEY ARE MANIPULATING THE PRICE! IT KEEPS GOING DOWN!!"

>>16650732
I made entry at about this level so I'd say yes.

>>16650779
Your average price was 0.16, and it's currently at 0.28, so yes, you made money. Didn't matter that it isn't at breakeven, what matters is that it's closer to breakeven than when you bought it. That means there's higher likelihood it'll end up in the money, so it has a higher value for now.

Fucking christ... I had my by orders spread from 1-1.10 on PTI and it retraced 96% from 1.20... sigh

Who else here own shares of PNRL? When this turd unhalts, i'm gonna get fucking JUST'd

>>16650803
Buy* drank some Glögg because it's christmas

Purchased some bonds.

>>16650785
i trade on the 1m timeframe bro i don't have those investor boomer problems. i only trade when my indicators all agree and as soon as one of them starts flickering the other way i just get out at break even (see where i bought at 144.48 and then sold at 144.48). i allow myself to DCA up to 10 times and most of the time i don't even have to do it even once so far.

basically instead of trying to get the bottom and top of trends i use the indicators to tell me when it's okay for me to be buying the bottom of candles and selling the tops of them.

>>16650783
my avg on fidelity is 1.80, my avg on RH is 4.16

(cant add any more $ to fidelity or I'd have went deeper on SAVA at those prices)

>CORV
Excuse me but wtf

Boomers getting our own energy drink starting january

>>16650943
THANK YOU BASED KO

>>16646219
Good thing they managed to get the polycount so slow, I can feel the insane FPS just from looking at it!

>>16650971
It looks like it appears in one of Temple OS's games that Terry made

>>16650849
Mhm, sounds legit.

>>16650932
Nothing has happened, what are you so shocked about?

>>16650985
what's your strategy and where is your screenshot of your trades today, anon? oh wait...

>>16650932
I went dumpster diving for this at 0.49 after it gapped down twice. Still not sure if this was a good buy.

SNSS... SLOWLY... RISING...

>>16651058
one step forward, 800 steps backwards is the SNSS way

>>16650985
The opening gap which nullifies yesterday only to redo yesterday.

>>16651058
what is the size of your SNSS position and what is your average price? when did you buy in (could be multiple times)? what is your stock trading thesis?

>>16651084
Oh yeah I see it pumping now, I hope it gets above 47 with heavy volume. That would be fucking great

how can stocks be real if money isnt

>>16651109
I would argue stocks are more "real" than any fiat currency

fucking CORV dudes

>>16651112
how can it be real if its not shiny

>>16651130
well fuck you got me there

>>16651092
I have 90,000 shares at 0.4815 average and my thesis is BTK inhibition is a multibillion industry and Vecabrutinib is the safest drug being tested right now for it, and has shown disease stabilization and will likely show partial remission in the 400mg cohort, data for which should be coming in the next few months, at which point I will make an absolute killing with my absurd amount of shares.

MTP

>>16651109
https://www.youtube.com/watch?v=dgct3Jn8pFA

>>16651139
what's your time horizon look like? or are you just gonna hodl forever?

>>16651139
So you will just sit on this trade for what could be another few months? I hope you have money to buy other shit with

>>16651139
bruh you threw $40K+ at a biopharma

please tell me that's at most like 10% of your total investments

>>16651139
Bought into SNSS yesterday lol.

Thank you! Moon Mission has activiated

>>16651168
Not forever no, if it doesn't go up before May I'm out.
>>16651191
I do, that's how I made 6 grand on SAVA the last few days
>>16651199
I pretty much only invest in Biopharma because it's what I understand best and can research most accurately.
>>16651204
Your timing was flawless.

Just opened brokerage account and have about $850. What stocks/ETFs should I buy and add to my portfolio?

Its not alot of money, but only options allows you such percentages in returns.
Imagine getting half your investment back in a couple hours.Then just apply half your gains to your dividend holdings.Any poor person can do this if you are careful.
Also gold and silver are a great hedge.

did not think the market was open today

>>16651223
good man. risk management is key. i'd also make a suggestion that you should scale out and sell half of your position at some point and move your stop loss up to break even, then you can just let the rest ride. look at the chart for the past month i would suggest that point should be 0.38 if it ever gets there. that's the most recent high pivot point and very obvious so most people will be looking at that, wouldn't be surprised at all to see it hit resistance there.

>>16651243
Qyld
Sphd
Vglt
Ring
Goro

My main holdings
5%dividend

>>16651262
You have 42 minutes, make them count

>>16651199
It' about at least 70% of his portfolio.
He doubles down on every dump

>SNSS actually having normal healthy movement

Unreal. Not complaining. Once they confirm the 180 day extension things might fully return to normal.

LOL I bought in on CORV at 0.38 for no real reason and I'm already up 14%.

Getting ready for eoy trading. Last one will be adding to my SWTSX on Dec 30. Then I'll just sit back and watch for a while. Got Divvy payments today whee. My funds paid out or should say got reinvested today lol. Tax time will be around the corner. Want to get that shit over with as fast as I can with a nice fat refund coming to me.

>>16651273
>trading at the end of the day

lmao i've made that mistake before, wouldn't recommend it. too easy to get trapped in a position and forced to hold overnight. you better know the fucking macro picture if you're gonna risk that shit.

Why would you yolo on random biopharma chances when you could yolo options on soxl,amd,or gold?
Not so pump and dumpy?
Even spxl is a fun play

>>16651298
why penny stocks? lowest im willing to fuck with is high single digits around $10. im looking for the most predictable and solid stuff possible and penny stocks are notorious for manipulation and high risk especially when they're low float.

>>16651298
I wish I'd averaged down one more time. I'll at least break even, but I felt so strongly that this would bounce back and should have trusted

>>16651298
I pretty much caught the bottom of the move, someone probably remember me posting this a while back

>>16651342
Penny Stocks tend to have the most potential to grow. They are also risky. That is the tradeoff. Once I have more money in the tank, I will behave more safely with it.
>>16651366
I know this specific feel

>>16651342
hey bro i've followed your posts here, did you try every single indicator ? Did you try the most popular ones ? what was your approach?

>>16651388
the best i can do for you is tell you to watch all of no nonsense forex's stuff and do a bunch of testing. at the end of the day it's just moving averages and 2 oscillators telling me whether i can start buying at the bottom of candlesticks and selling at the top, it's pretty simple but im not just giving out my system or anything. NNFX doesn't give you his system either he just tells you the outline for it so you can figure it out for yourself, i like that. you know someone isn't bullshitting you when they make a strict point of not selling anything ever.

>>16651342
You can have both. I have my blue chips and broad market index funds, but I love my pennystocks. I never go all-in into any one though. I pick a bunch of them and put no more than 2% of my portfolio into each, and even then, I scale in little by little.

>>16651342
TEVA is a pretty safe bet

>>16651422
ultimately i feel the right approach is to have a way to consistently take money out of the market (or have a day job if you're so inclined), a way to pay the bills consistently every month. then if you make more over that you can use the extra for riskier and/or longer term plays. putting small amounts in and diversifying also sounds smart. main point though would be to only use money on the high risk high reward stuff that you don't mind never seeing again potentially, and focus more on fundamental analysis.

Any active traders care to chime in on how you do your taxes? If you sold for a significant profit earlier in the year, you have to pay estimated tax by the end of that quarter... Does turbotax handle that kind of thing? Does your brokerage send you alerts?

>>16651415
ok thanks man

>>16650981
>has never seen ring 3 in his life
lulz
wish the image also mentioned the lack of connectivity spun in a good way

>>16646937

Thank you for illustrating a fine point here for the rest of the thread. The purpose of the market is to separate the impatient from their money.

>>16651463
i just have H&R Block do my taxes for me. im just starting out trading with real money so who fucking knows how that'll go, but as long as im making money instead of losing money i don't really give a shit. if and when i ever get to the point where im making serious dosh i'll probably look into optimizing my taxes too but i'll cross that bridge as i come to it.

>>16651422
This.. I have both. Hey $20 on some penny stock is not a big thing. If it tanks your only out $20. If it hits say 1$ well you just made $60 (or more) on the deal. Considering that most people blow $20 a week on Starbucks the average joe can survive a possible $20 loss no problem.

>>16651518
>>16651518
New thread

>>16651509
>the impatient

i never liked that buffet quote. i prefer to think of it as smart and dumb money instead of patient and impatient. im trading on the 1 minute time scale currently so i'd hardly call that patient, but what matters is that im doing it intelligently with a disciplined system that keeps me on the right side of trades the majority of the time.

the purpose of the money is to separate the idiots from their money and transfer that wealth to the smart and disciplined. what matters is that you have an edge that puts the odds in your favor. the higher the odds the better the edge.

>>16650779
>>16650802
What the other anon said. So if you were to sell those back at .28 per contract (once the market opens again) you'd end up $60 richer