OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[hennessy]

I listened to the SQ earnings call and it all sounded good to me!

 

[johnnyredstorm]

BIGC dossier update is very interesting for a spec play. Gonna look at an options play tomorrow.

 

[ASE]

I hope we get another leg down. I didn’t get to buy everything I wanted. I need more pins, curi and nvda.

today was a prime example of why you need a plan going in and alerts/limit orders set. Could have had a solid green day if I had limits set for the entire portfolio.

 

[tkthafm]

While most are buying the dip, I'm shorting even more. That monthly candle is nasty. If it turns red... look out below.

 

[crownedhead]

While most are buying the dip, I'm shorting even more. That monthly candle is nasty. If it turns red... look out below.

Are you actually shorting or just saying you're shorting?

How much have you been losing?

 

[thekillerj23]

I play it very safe, mostly tech like apple, Microsoft, tsla (even with volatility), and roku which i got in earlier in the year. Have some airlines just holding till pandemic over, some hopefuls like NIO, energy companies etc. Not day trading, just planning to hold many of these for couple years, want to throw a nice bag at more tech but with all this correction talk, hope a big sale is coming. Then check again in 2-3 years lol

my heart can’t take the day to day

 

[johnnyredstorm]

Do you guys want a pull back or a crash to be buyers? Because a lot of great names were down big today. SQ was 17% off it’s highs, TDOC 27%, JMIA 39%, ROKU 20% etc. I understand we’re wired in a way that makes it hard to see a stock up from the first time we looked at it and think it’s a good buy, but you can’t price anchor. Go top down. What % off the highs are we? 15%+ and you have to consider buying strong stocks. You can’t hope for a crash to give you SQ at $35 again. You have to adjust to the new normal. Especially when we hit key support levels and start to bounce off of them. Most of these stocks hit their 70dma, shook below and regained. That right there is your trigger. Either you blind buy the 70 and hope for the best with a stop somewhere, or you actively wait for that reclaim to initiate with risk against the low of day. You can’t get easier than that if you’re looking to buy a dip. I wish I bought more today, but I literally couldn’t unless I went on margin and this isn’t the market or time to do that so I had to accept missing awesome deals in some stocks.

 

[CrownRoyalDaddy]

Man i had square at $80 smh

 

[rg92]

The dip yesterday was not enough!
GIVE ME MOAR DIPS!

 

[johnnyredstorm]

The dip yesterday was not enough!
GIVE ME MOAR DIPS!

Not sure what more you want tbh

some more selling will happen over time, but days like yesterday with a drawdown that serious are not likely under normal circumstances.

 

[iheartboost]

Seeing lots of green this early morning. Hopefully this continues when I wake up.

 

[Zo gif]

$ITRM

 

[antidope]

Series of adds today: TDOC, PINS, GDRX, CURI, and some bitcoin cause why not.

 

[johnnyredstorm]

Solid quarter for JMIA despite growth declining 19%. Why? Because losses decreased 47% and the transition story to selling more everyday items instead of bigger items and turning into a platform rather than a merchant is working. As they get closer to profitability the growth will ramp up and this could be a 5 bagger from here if the analyst estimates for the next two years are accurate.

 

[tay1]

 

[ASE]

I got into jumia at $8. I need dig into their earnings report and decide if I want to buy more or walk away.

 

[af1 1982]

johnnyredstorm thoughts on ARKF? Or better off just grabbing individual shares of SQ, SE, PINS etc

 

[johnnyredstorm]

johnnyredstorm thoughts on ARKF? Or better off just grabbing individual shares of SQ, SE, PINS etc

I'm long them individually. if you have a smaller account, it might be best to buy the ETF from that standpoint rather than buying 2 shares of each.

10 yr hits 1.4%, market selling hard. Be cautious and ready. Keep perspective. Use yesterday's lows as a guide.

 

[af1 1982]

I'm long them individually. if you have a smaller account, it might be best to buy the ETF from that standpoint rather than buying 2 shares of each.

10 yr hits 1.4%, market selling hard. Be cautious and ready. Keep perspective. Use yesterday's lows as a guide.

Thanks, yeah I got SQ and PINS individually already but only a few shares of each. ETF might be the move here.

you buying today?Got post notifications on for your twitter

 

[crownedhead]

Is it time to start playing recovery stocks: cruise lines, airlines, etc?

 

[sonoftony]

Is it time to start playing recovery stocks: cruise lines, airlines, etc?

JBLU treating me well so far. Bought in at 17 n change and now it's at almost 19.50

 

[hennessy]

Bought 30 more SQ. I trimmed most of my shares last time it ripped now getting back in it.

 

[crownedhead]

Welp, back to selling off.

Need JPow to do his thing again.

 

[broncos19dm]

Don't have as much spare funds as I'd like for right now but with whatever I could spare, started a small position in SQ and DKNG. Excited to have done so nonetheless!

 

[southernhospita]

Is it time to start playing recovery stocks: cruise lines, airlines, etc?

AAL has t recovered from where it was during the Covid sale off but if you bought the dips and held your up 100% that’s saying something