OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[ahat]

Bleeding today. Hodl.

Got rid of the rest of BalcoTV at 41, so some good news.

 

[CrownRoyalDaddy]

No based on my understanding. I work in the tax field and specialize in corporate tax but we get firm wide briefings. We discussed this a bit back in the spring when the first one went out. It’s really just meant to help the middle and lower middle class earners only.

now if they paid you inadvertently back in the spring because your 2018 earnings were low enough and your 2019 tax return wasn’t filed yet, from my understanding they weren’t going to make you pay the difference back.

thanks. Kinda sucks but im not surprised

 

[johnnyredstorm]

Beauty of a good cost average. Today doesn’t hurt at all for me. Added some trit and pins

 

[degenerate423]

No based on my understanding. I work in the tax field and specialize in corporate tax but we get firm wide briefings. We discussed this a bit back in the spring when the first one went out. It’s really just meant to help the middle and lower middle class earners only.

now if they paid you inadvertently back in the spring because your 2018 earnings were low enough and your 2019 tax return wasn’t filed yet, from my understanding they weren’t going to make you pay the difference back.

It was meant to help the wealthy too. They sent $1.7 million dollar checks to people earning over $1 million annually. I feel like the middle class were the ones left out .

 

[southernhospita]

Waiting on my funds to transfer to Webull


I’m not paying $30 for a wire transfer

so I’m on the sideline until 1/4/21
I definitely would have got puts on SPCE at 8:40 am and called it a day

Y’all make this last week count and I’ll see y’all at the top of the year

 

[johnnyredstorm]

Stop at 13 for trit. Not interested in playing this one without a stop. Stops in my lowest conviction plays. Not touching any of my higher ones.

edit: actually wanted to raise cash and de clutter sold trit, CURI, ipof, SDGR. Would own SDGR again but want the cash just in case

 

[igotthatstock]

Stopped out of the majority of my holdings today. TRIT is donezos, CURI is poop but somehow is still hanging on for me - might tighten the stop. FTHM is strong as hell. Wish I went deeper on the initial allocation.

RDFN, EXPI and Z are really driving the portfolio bloody today. I will hold for a bit but might take profits on everything and reset for the new year.

I separate my crypto from my equities and Ethereum has me up a ton on that side of the house.

 

[CrownRoyalDaddy]

Took my 30% gains on TRIT, BTWN, MGNI and sold

TSLA, NNDM, ROKU, PLTR, FTHM in the porfolio right now

 

[johnnyredstorm]

If you’re feeling bloody today guys, that means you were chasing and you had very little to no cushion. Don’t chase this market. Days like today should be buying days in your strongest convictions.

 

[DeadsetAce]

2021 plays? i been combing thru lists. seeing the same picks with GRWG being tops on a lot of em. what are y'all looking at for 2021?

 

[igotthatstock]

What the hell is going on with RDFN? I don't remember seeing this type of downward action when "da stimulus" talks happened before.

 

[biggie62]

It was meant to help the wealthy too. They sent $1.7 million dollar checks to people earning over $1 million annually. I feel like the middle class were the ones left out .

The question wasn’t related to PPP loans and how they were flawed and abused. That’s a whole separate topic I’m not going to get into. It was just related to the checks normal folks received.

 

[degenerate423]

The question wasn’t related to PPP loans and how they were flawed and abused. That’s a whole separate topic I’m not going to get into. It was just related to the checks normal folks received.

I know, and I misspoke, it was due to tax breaks. But, still, designed for the wealthy and lower class.

 

[jrp44]

Thinking about loading up on some CHWY calls

 

[igotthatstock]

I am officially OUT of 2020 aside from AAPL, BAC, and VOO, which is less than 8% of my portfolio. So nearly 93% cash right now. I locked in my first red day this month today, but if I don't get swingy over the next few days will end at +126% for the year. If you sprinkle in my crypto I am well over 300%. Just unheard of and quite honestly a joke. I will take a hard look at closing out my Bitcoin and Ethereum this week.

My outlook for 2021 is entirely based on interest rates and the magic printer. If we get stimulus 2x next year and the fed keeps rates low, I think there is potential to have one more "2020" before the wheels fall off. At some point, fundamentals will reign supreme again and this will all come crumbling down. It has been a true struggle to ignore outrageous P/E's and simply trade price. I have morphed into a relative strength and price movement trader and I don't really like it. Lucrative, but just doesn't feel right.

Congrats to everyone this year as it seems things have gone quite well for most. It sounds terrible, but here's to another year of money-printing and artificially low rates, so we can eat once again. If you see the Fed tighten, jump ship like you have never jumped before.

 

[noskey]

Added 135 shares of PSTH across Roth and brokerage accounts. The fade today seemed like a good add point at $26. Hoping they take Stripe public and the wait for any announcement is only due to working out the details.

 

[johnnyredstorm]

What the hell is going on with RDFN? I don't remember seeing this type of downward action when "da stimulus" talks happened before.

Stock ran straight from 45 to 80 in a month. $60 price target if this market pull back is prolonged

 

[GreenNGold89]

FSLY

 

[DesD1]

All of you give some really good info here. But a couple days later after joining in, I'm still utterly lost. Do you guys recommend any good read for starters?

 

[tay1]

All of you give some really good info here. But a couple days later after joining in, I'm still utterly lost. Do you guys recommend any good read for starters?

Read around on this site.

What Are Stocks?

Stocks represent ownership in a company and give people shareholder voting rights. Learn more about how stocks work and how to make money from them.

www.thebalance.com

 

[johnnyredstorm]

2021 plays? i been combing thru lists. seeing the same picks with GRWG being tops on a lot of em. what are y'all looking at for 2021?

sdgr, z, RDFN, PGNY, trit, nvta, GRWG, IIPR, roku, nvda, MRVL, and, QCOM, aapl, MSFT, u, snap, pins, SKLZ, IPOC, inaq

FSLY

Added 5 shares today

 

[tomdiginson]

FSLY

It seems to do this every few months.

 

[johnnyredstorm]

Added one share of shop. Cathie wood is buying and it’s a nice pull back to the breakout point so worth a small add. Zoom is starting to look good. Want to see it gap fill.

 

[truss]

Rumors of SQ acquiring tidal are interesting to say the least

 

[johnnyredstorm]

I hear it’s to get more data on their target customer

fool top picks for 2021

https://g.foolcdn.com/misc-assets/10-stocks-for-2021.pdf