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Economy stock talk v7, meme stocks go up

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Jesus christ Elon Musk is a batshit turdburger
"Im gonna stay off twitter for a while"
....within 48 hrs....
"BREAK UP AMAZON MONOPOLIES ARE BAD CAUSE SOME RANDOM COVID HOAX BOOK DIDNT GET APPROVED FOR SALE" )(after going on anti-marx rants a few weeks ago)

Yeah let's just ignore that he cross-accounts financing and resources in multiple low to no-bid industries.
Oh and the fact this dude is your direct competitor.
Or the fact Nikola is IPOing today and you want to distract too lol.
Or NIO surging.
 
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@brackis1 whats your take on the current stock market recovery? I can’t believe this rebound is wishful thinking that 4th quarter will look rosy or even 2nd quarter 2021. Is it purely the Fed creating a huge bubble?
 
Ophydian said:
@brackis1 whats your take on the current stock market recovery? I can’t believe this rebound is wishful thinking that 4th quarter will look rosy or even 2nd quarter 2021. Is it purely the Fed creating a huge bubble?
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I think at the index level we're priced fairly give or take. If it runs more than like 5% in the next month, sure then I get bubble worries.
I will be staying mostly to the sides and playing news events because I really have no idea otherwise what the next pull is gonna be and to where.

I nailed the bottom but my recovery prediction was more flop in the 24-25 range(on the dow), which is prolly me overrespecting the average person's caution rather than being a total troughfeeder who doesn't give a shit about much of anything that isn't forcefed to them.
 
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brackis1 said:
My Zoom short off yesterday's earnings enthusiasm paying nicely. They said they dont encrypt free calls cause they wanna share w the cops rofl. Way to scare off your entire millennial userbase who is the basis of the valuation.
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I was there too.

I've been trying to scalp a little bit at a time every morning, but tbh most the gains I've made during the pandemic have been on meme stocks or stupid news. It kind of bothers me lol.
 
Tycho Brah said:
I was there too.

I've been trying to scalp a little bit at a time every morning, but tbh most the gains I've made during the pandemic have been on meme stocks or stupid news. It kind of bothers me lol.
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Yeah its honestly pretty scary and borderline depressing how much the market has become devoid of research or metrics and become a total "can your stock sell a narrative to random schmoes via the internet?" or vice versa on the downside.
For example, virus is very serious and killed more than many wars, but had more market affect than most wars because of herd shit.
 
JFC. Was going to buy even more airline stocks at opening but wtf.
 
BIKES! said:
JFC. Was going to buy even more airline stocks at opening but wtf.
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It's pretty wild and short covering running rampant. AAL up like 50% in 24 hrs is just absurd.
Penn gaming is a fucking casino stock and is gonna open at an ALL TIME HIGH.

Zoom down premarket
 
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brackis1 said:
It's pretty wild and short covering running rampant. AAL up like 50% in 24 hrs is just absurd.
Penn gaming is a fucking casino stock and is gonna open at an ALL TIME HIGH.
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Arghhh. I’m hoping for a dip at some point in the day. Without a second wave I still see value but who wants to buy after this jump...
 
BIKES! said:
Arghhh. I’m hoping for a dip at some point in the day. Without a second wave I still see value but who wants to buy after this jump...
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Yeah it's absurd.

But hey, congrats to Donnie's buddy the Saudis who made literally billions off this shit lol. Doubled up on their Live Nation and Carnival buys.
 
Welp, why not. Quintupled up on airlines
 
XSPA put in that work for me. It's been real XSPA, take care of yourself out there.
 
brackis1 said:
Yeah it's absurd.

But hey, congrats to Donnie's buddy the Saudis who made literally billions off this shit lol. Doubled up on their Live Nation and Carnival buys.
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Tbh when I saw them Saudis go balls deep in Carnival it made me do the same. It's my largest holding. Monkey see monkey do LOL.
 
MMAisGod said:
XSPA put in that work for me. It's been real XSPA, take care of yourself out there.
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I tried to buy some for like .8 and missed my fill by a cent and then never looked back lol.

Also hating myself for not buying that hertz bullshit lol.
 
probably should have stuck with prpl, but saw a nice out to get my calls back for 1/5 of their price and then sell the shares for a modest gain.

lolz @ this week.
 
My comment on Penn rang true. Held my nose on a short and added at the open...went from up 9% to down 1% lol. Whew!
 
brackis1 said:
My comment on Penn rang true. Held my nose on a short and added at the open...went from up 9% to down 1% lol. Whew!
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gambling stocks just got crazy saturated, all at once, when there's nothing to bet on except the ufc.

it's fucking weird. i was thinking i should make a play on one, but none of them look too solid and i suspect the etf that like just started yesterday is also probably inflated. haha
 
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