Economy stonks v22, infrastonksture

kahiljabroni said:
They just won't die....even when they pullback the smaller stocks fall way harder
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Yeah I mean small caps are dead. Be interesting to see if they literally sink lower if mega caps crash. All eyes on FAANG. Popcorn ready lol
 
Oooph, getting ugly out there again.

Bought some URI.

I've now got 20 different stocks in my port. Never been that high. Free commissions and fractional share investing have a lot to do with it. Newbs have it good. Seems barbaric I used to have to pay $9.99 per trade with TDAmeritrade when I started.
 
Gas121 said:
Yeah I mean small caps are dead. Be interesting to see if they literally sink lower if mega caps crash. All eyes on FAANG. Popcorn ready lol
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My small caps are holding up alright. PATK up 17% YTD, WGO up 19% YTD and IESC up 10% YTD.

Russell 2000 is still up 13% YTD, it can't be that bad out there.
 
apple still strong in this market. bought calls and up nicely.
 
HOLA said:
My small caps are holding up alright. PATK up 17% YTD, WGO up 19% YTD and IESC up 10% YTD.
Russell 2000 is still up 13% YTD, it can't be that bad out there.
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Of my watch list of around 100 small caps they’ve been pretty much butchered Like 75% odd. I have a few deSPACS they seem to be hit hard. I think spac mania is dead at this point lol.
 
lmao my ADGI call was so money.
It's down 40% in 2 hrs
 
Gonna let the dust settle here. Think we’re in for some more carnage. Next week bullish though.
 
BIKES! said:
Anyone dumping any losers today to rebuy in Jan?

@boingyman what do you think the next 30 days look like for SMSi? I think if I sell now and rebuy in Jan I won’t leave much on the table…. I wouldn’t mind some losses

Edit: Sold 60% of my position to take a loss. Probably should have sold 100% now that it is down...
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I have no clue what SMSI looks like in 30 days, but if you're selling for tax-loss harvesting I would say now isn't a bad time. No idea on the future. Seems like we may still be in a bullish market at a macro level according to Hedgeye (Quad 1?) and 42Macro. At the same time we may still see stocks selling off throughout December. Most of my SMSI and small caps in general are in my Roth IRA so I'm not dumping for that purpose. I do have 4000 shares of SMSI in my taxable brokerage, but my cost basis is 4.90. Actually I always forget that I have a few hundred shares of SMSI in my Chase account that I bought in the upper $6s so I may sell for a loss, lol.
 
sweet mother of christ I just slaughtered LAC for a payday (shorting a note offering)
 
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Buying bottoms today and selling for 1%-2% gains today. Rinse and repeat. Fook holding anything overnight at the moment. It's just to risky and volatile.

Hoping AMC can touch the 32 mark again tomorrow.

I suspect December will be flat. January I think the air will be cleared a bit more. Have some cash to deploy for some long term holds but as said waiting for the dust to settle. This market is freaking me out lol.
 
I actually cut 60% of my bag today at $5.65.

Bought 2K shares of AAL at 17.045. Good fucking day. If I can get back in SMSI before the shitty Q4 earnings release would be good.
 
Robinhood lock up expiring tomorrow. So load the truck on puts? Generally stocks go down based on this.
 
BIKES! said:
I actually cut 60% of my bag today at $5.65.

Bought 2K shares of AAL at 17.045. Good fucking day. If I can get back in SMSI before the shitty Q4 earnings release would be good.
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You are likely good for the next few quarters. Even through fundamentally SMSI is worth more, sentiment continues to be low on this and many small caps. I sold all my RWM today for a 7% gain as a way to hedge some of the profits I loss this past 2 weeks on some of my small caps.
 
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