Economy stonks v19, ffs. nasdaq is murdered

[Cuzcatlan]

 

[HOLA]

Berkshire's share price is getting so high it's breaking shit:

Berkshire Hathaway Inc. is trading at more than $421,000 per Class A share, and the market is optimistic. That’s a problem. The price has grown so high, it has nearly hit the maximum number that can be stored in one common way exchange computers handle digits. On Tuesday, Nasdaq Inc. temporarily suspended broadcasting prices for Class A shares of Berkshire over several popular data feeds. Such feeds provide real-time price updates for a number of online brokerages and finance websites. Nasdaq’s computers can only count so high because of the compact digital format they use for communicating prices. The biggest number they can handle is $429,496.7295. Nasdaq is rushing to finish an upgrade later this month that would fix the problem.

It isn’t just Nasdaq. Another exchange operator, IEX Group Inc., said in March that it would stop accepting investors’ orders in Class A shares of Berkshire Hathaway “due to an internal price limitation within the trading system.” It’s the stock-market version of the Y2K bug. And it’s becoming an increasingly urgent issue as shares of Warren Buffett’s company have risen more than 20% this year, buoyed by a rising market and a return to profitability after fallout from the Covid-19 pandemic in 2020.

https://www.wsj.com/articles/berkshire-hathaways-stock-price-is-too-much-for-computers-11620168548

 

[rob mafia]

If your stock beats earning, short it because its going to go down.

and xlnx nailed their earnings, too... so amd is getting double whammied.

 

[BIKES!]

I’m the dude that fell

I bought more airlines on both dips. Nothing else makes sense. STLD was a great play but cashed too early

 

[brackis1]

lol boomer ass Cramer using odd racial native american terms about "staying on the reservation" to comment on Yellen and inflation...

 

[boingyman]

Lmao the day traders are swarming NMRD on a small order of their sensors. Sold 1/3 of my position at $7.70. Set another limit order at $8 and holding the rest to see where this may go by end of day. Hoping DTEA can break $4 before I sell, but I probably should just take a small profit and get out. Starting to hold more cash now and get out of some of these spec stocks. May just sell HAAC and AJAX spacs for a small loss too.

Edit: Sold another 1/3 at $8.09. I'm going to see if this hits $9.

 

[brackis1]

Damn I had been doing a little BNTX and PLBY shorting but thought tomorrow was the payday.

 

[boingyman]

Bought a rack of shares of SMSI at 5.30 before closing. Earnings right now and conf call in 25min.

Not expecting a pop,but hoping some decent news

Edit: -0.07 GAAP, +0.02 EPS Non-GAAP. Strret EPS 0.01. 11.4m rev vs 10.9m street est

Meh...

 

[rob mafia]

Bought a rack of shares of SMSI at 5.30 before closing. Earnings right now and conf call in 25min.

Not expecting a pop,but hoping some decent news

hopefully, the earnings/guidance is terrible, so the stock will moon.

 

[Gas121]

RKT goodbye my friend. Sinking faster than the titanic. RIP wsbets lmao.

 

[rob mafia]

RKT goodbye my friend. Sinking faster than the titanic. RIP wsbets lmao.

i no longer hate this market. i despise it.

rkt's revenue tripled and their earnings/etc are actually pretty great. naturally, 12+% drop...

 

[Revolver]

Pretty meh day other than the apple weekly calls I held overnight and sold at open at 100%. Makes up for my longer apple calls going to shit.

 

[boingyman]

hopefully, the earnings/guidance is terrible, so the stock will moon.

LOL. I don't expect much price action unless something impactful is said on the conf call. Wish I could listen to it at work. The TMUS deal is what we are all waiting for, likely in Q4.

 

[Gas121]

i no longer hate this market. i despise it.

rkt's revenue tripled and their earnings/etc are actually pretty great. naturally, 12+% drop...

Yup RKT I sold last year at a loss realised it’s under complete control by shorty. Just sad. PLTR is up next I guess lol.

meanwhile crypto is going to Mars! I’m worried for the stock market.

 

[Gas121]

Holy heck. RIP FSLY. RIP PTON.

RIP Cathie woods funds. Fucking just lol this is funny to watch.

Bag holders everywhere.

 

[brackis1]

lol I warned yall months ago RKT is fools gold.
I had another dentist appointment on the same tooth and missed EOD fun.
OCGN short my only gift.

 

[Gas121]

lol I warned yall months ago RKT is fools gold.
I had another dentist appointment on the same tooth and missed EOD fun.
OCGN short my only gift.

RKT is just kinda a sad stock to own considering how well they do on earnings.

I feel like we are heading for a bear market or this is the beginning here. Indexes near their highs but tech market taking big hits. We are heading into the next phase of the sell off. We have seen some sell offs and then recoveries in stocks but only for investors to get chewed up 'buying the dip' and fool for the trap. Now its becoming very obvious.

Word of warning - Do not buy the fucking dip. We heading way lower and your stocks will sink lower. My watch list of 100 odd stocks is blood red, yet everything seems rosey in the indexes; this is a fools market.

Time to short the shit out of TSLA. Heading back to sub 600 very soon.

EDIT: This is not to scare the shit out of any newb investors here. I neither think the market will 'crash' but we are heading into bear territory despite what the index digits say and the media. The market is hurting at the moment pretty bad so pay attention.

 

[Cuzcatlan]

RKT is just kinda a sad stock to own considering how well they do on earnings.

I feel like we are heading for a bear market or this is the beginning here. Indexes near their highs but tech market taking big hits. We are heading into the next phase of the sell off. We have seen some sell offs and then recoveries in stocks but only for investors to get chewed up 'buying the dip' and fool for the trap. Now its becoming very obvious.

Word of warning - Do not buy the fucking dip. We heading way lower and your stocks will sink lower. My watch list of 100 odd stocks is blood red, yet everything seems rosey in the indexes; this is a fools market.

Time to short the shit out of TSLA. Heading back to sub 600 very soon.

EDIT: This is not to scare the shit out of any newb investors here. I neither think the market will 'crash' but we are heading into bear territory despite what the index digits say and the media. The market is hurting at the moment pretty bad so pay attention.

I'm in it for the long run. Looking at 20 years from now. So prices lowering or staying flat is not so bad for me.

 

[Revolver]

RKT goodbye my friend. Sinking faster than the titanic. RIP wsbets lmao.

Glad I dumped it after the short squeeze.

 

[boingyman]

Damn would have double bagged on NMRD if I had diamond hands, but sold the last of my shares in the 11s at least. It's being pumped hard because it needs to stay where it's at now to stay in the R2k, but IMO tomorrow might be a great time to short it. Problem is there are no shares to short right now.