Economy stonks v23, santa claus rally or santa claws rally?

[boingyman]

Picked up some RWM yesterday as a hedge. Debating if I should scalp my gains before the market closes.

 

[kahiljabroni]

Still sitting on an apple put exp tom.

 

[brackis1]

Still in shock my buddy pulled the equity out of his home and dropped 140k in the market.

Bought rivn at the top. Hood in the 30s. Coin in high 2's. Hes gonna lose 80% of his dough in the end. Tried to give him advice....he didn't wanna hear it

The markets were setup to absolutely slaughter random joes. It's peak capitalism: when the wealthy cant earn real returns on investing in companies the next grift is fleecing rubes on asset arbitrage.

 

[Gas121]

Still in shock my buddy pulled the equity out of his home and dropped 140k in the market.

Bought rivn at the top. Hood in the 30s. Coin in high 2's. Hes gonna lose 80% of his dough in the end. Tried to give him advice....he didn't wanna hear it

Fuk man that’s sad. I know many horrid stories as well. A friend of mine blew 40k back down to 2k he’s completely finished with the market he said lulz. Probably going to 0. Said the same words this is gambling. I just don’t get it. I’m no expert myself but I do my fair share of research and DD before investing. To me it’s complete neglect to invest in companies with insane PE and valuation, 0 profits. Never going to end well. Common sense is not very common in this game. It’s ironic Buffet and Munger are laughed at today for their slow gains. He’s now I believe closed in on Woods this month for outperforming the past two years..

Speculation is okay small but large is a disaster. Woods is being taught a harsh lesson. Never outshine the master in Buffett!

 

[brackis1]

@44nutman VRTX holding nicely in the 230 range. Trimming?

 

[HOLA]

Fuk man that’s sad. I know many horrid stories as well. A friend of mine blew 40k back down to 2k he’s completely finished with the market he said lulz. Probably going to 0. Said the same words this is gambling. I just don’t get it. I’m no expert myself but I do my fair share of research and DD before investing. To me it’s complete neglect to invest in companies with insane PE and valuation, 0 profits. Never going to end well. Common sense is not very common in this game. It’s ironic Buffet and Munger are laughed at today for their slow gains. He’s now I believe closed in on Woods this month for outperforming the past two years..

Speculation is okay small but large is a disaster. Woods is being taught a harsh lesson. Never outshine the master in Buffett!

40k down to 2k is impressive. That's like some of the Wall Street Bets legends that get videos made about them on YouTube.

This was posted the other day on Seeking Alpha:

I like the top comment:

"My copy of The Intelligent Investor burst into flame when I saw Warren Buffett and Cathie Wood's names in the same sentence."

lol.

Edit - BRK.B is now $307.71 and ARKK is now $66.46. Moved a bit in just a few days.

 

[44nutman]

@44nutman VRTX holding nicely in the 230 range. Trimming?

$220 was always my sale goal, but after the shit show of the last couple weeks they are up, even though only like 3%+/-.
They have some promising drugs in the pipeline, so I upped the sale price to $240, but will be out at $220 if it dips back.
I just hope it holds the $230 which will be a good.

 

[brackis1]

$220 was always my sale goal, but after the shit show of the last couple weeks they are up, even though only like 3%+/-.
They have some promising drugs in the pipeline, so I upped the sale price to $240, but will be out at $220 if it dips back.
I just hope it holds the $230 which will be a good.

the risk with a drug stock is u cant even set a stop if its based on after hrs news, but otherwise I like the line of thinking.

 

[Gas121]

40k down to 2k is impressive. That's like some of the Wall Street Bets legends that get videos made about them on YouTube.

This was posted the other day on Seeking Alpha:

I like the top comment:

"My copy of The Intelligent Investor burst into flame when I saw Warren Buffett and Cathie Wood's names in the same sentence."

lol.

Cathie is a one trick pony and it shows. Buffett is on top for a reason with over 70 odd years of experience. Slow and steady wins the race in solid companies and it’s never been any different..

 

[HOLA]

Cathie is a one trick pony and it shows. Buffett is on top for a reason with over 70 odd years of experience. Slow and steady wins the race in solid companies and it’s never been any different..

People sometimes get annoyed at his hokey maxims, but they usually hold true:

"Only when the tide goes out do you discover who's been swimming naked."

 

[BIKES!]

Sad part is the NASDAQ is still inflated to fuck all. Should be no higher 11.5 max.

My 401K has been on the sidelines in T bills for a while. I still would have been up had I not pulled out but it's getting close. There really shouldn't be an end in sight on all this inflated garbage. And the inflated tech garbage is dragging down real company stonks..

 

[44nutman]

the risk with a drug stock is u cant even set a stop if its based on after hrs news, but otherwise I like the line of thinking.

yeah the reason, I got it so low the last time is it tanked after a trial failure and you recommended it and I got in around 190 and bought more in the 170's. They basically print money on their cystic fibrosis drug(plus have the generic on lock down as well), so ever 1/4 they will be posting good earnings. They are being smart with their war chest and trying to develop another profitable drug. Some message boards I have been too, want them to dole out a dividend, but I think a bulk of their money comes from one drug, they would be better off, using the dividend money to get something else on the market. I am hoping it never gets back to 220 before whatever is in the pipeline shows promise.

 

[44nutman]

Cathie is a one trick pony and it shows. Buffett is on top for a reason with over 70 odd years of experience. Slow and steady wins the race in solid companies and it’s never been any different..

Buffet drinks 5 Coca Cola's a day, maybe Cathie needs to do more Coke.

 

[Gas121]

Sad part is the NASDAQ is still inflated to fuck all. Should be no higher 11.5 max.

My 401K has been on the sidelines in T bills for a while. I still would have been up had I not pulled out but it's getting close. There really shouldn't be an end in sight on all this inflated garbage. And the inflated tech garbage is dragging down real company stonks..

This. We may get a bounce but at the end of the day it’s about fundamentals and cash flow. I could see high PE and no profit companies sinking easily another -25% ie DKNG, PLTR, SOFI.

RIP HOOD. I mean WOOD!

 

[nostradumbass]

RBLX with quite the 3 month run

I have one stonk in the green today

Me too, and it's SQQQ. Got trashed on everything else, but at least got some calls on that before the market tanked again.

 

[44nutman]

This. We may get a bounce but at the end of the day it’s about fundamentals and cash flow. I could see high PE and no profit companies sinking easily another -25% ie DKNG, PLTR, SOFI.

RIP HOOD. I mean WOOD!

Funny I got in the $HOOD, IPO and sold at 65.34.
I have been eyeballing them, because supposedly they are supposed to offer crypto soon, but everyone else has to know that as well, and its tanked like 70% in the last 3 months. So future crypto wallet has to be priced into current share price.
Was thinking about if it drops under 10 bucks a share and take a flyer, but market still has me a little spooked to make gamble plays. Any buying now will be blue chips that dropped, plus I have been swing playing $MRO. a

 

[rob mafia]

honestly a little tempted to nibble at hood.

but with amd now like $100 (and the xlnx deal approved by china), i'm on the verge of unloading everything and going all-in.

funny how this shit works (figured i'd be selling xlnx after samr approval... not trying to load up)

 

[44nutman]

$AApl beat earnings.
I was hoping to get $AMD under 100 but they might get an Apple earnings rub.

 

[Pride23]

Wow, a coordinated hit on EV stocks. Tesla, Xpeng, Lucid, Rivian all down greater than 10% today. Tesla ~ 50 PE at this price at the end of 2022. Just this year's growth.

Bunch of companies with wild swings today.

 

[kahiljabroni]

honestly a little tempted to nibble at hood.

but with amd now like $100 (and the xlnx deal approved by china), i'm on the verge of unloading everything and going all-in.

funny how this shit works (figured i'd be selling xlnx after samr approval... not trying to load up)

So...enph up 50% ah....any clue why


Ok now its back to normal...glitch possibly