Economy stonks v24, snakes in the ukraine

[kahiljabroni]

Started a position in HD today at $306. Down 25% YTD, getting a nice sale price here.

Why not wait few days or weeks? We're at least gonna back test previous downtrend

 

[HOLA]

Why not wait few days or weeks? We're at least gonna back test previous downtrend

It wasn't a lump purchase. I'll be averaging in like I usually do. If It goes lower from here that's fine with me.

 

[Gas121]

Grabbed PUTS on NKLA. I dunno I just can’t leave this stock alone. I only short and buy puts on this junk lulz.

hoping this is the start of the down trend again back down. Cashed all my profits from the rally. Was expecting a violent sell off next week but looks like we may be here already.

I think NIO will plunge back to the teens.

 

[BIKES!]

Fed will do anything to stop positive outlooks. Fucking joke

 

[brackis1]

big day for me boiz

 

[kahiljabroni]

big day for me boiz

Same. That tsla put would be up 6k$ had I bought it but in true fomo fashion I picked up a Google put yesterday and cashed out a quick 4500$ profit today. And I've still got an army of puts with 4/14 exp. Trimmed my 4/8 puts just now.
Best day in months

 

[brackis1]

Interesting to see the stonks up on this slaughter day.

 

[G-19]

Call it pure luck but I exited almost all of my long positions about 4 days ago. I’ve been thinking about buying an investment property out of the country and liquidated for that and to dump heavy into my sons college savings plan. However, seeing the market on the verge of another potential bear run has me thinking of reinvesting for one more quick turn around. I’m almost all cash and ready for that downward pressure.

 

[brackis1]

Call it pure luck but I exited almost all of my long positions about 4 days ago. I’ve been thinking about buying an investment property out of the country and liquidated for that and to dump heavy into my sons college savings plan. However, seeing the market on the verge of another potential bear run has me thinking of reinvesting for one more quick turn around. I’m almost all cash and ready for that downward pressure.

"one more quick uptick coming" means prolly not.

 

[G-19]

"one more quick uptick coming" means prolly not.

Not a great choice of words. I should’ve said short term so 2-3 months. This is the same shit that happened last time the fed scared the market into a little tank session.

 

[boingyman]

Anyone here have kids in private school and use 529 plans to pay for it?

Thinking about starting separate 529 plans for both kids and dropping a good chunk of cash in both if we see a big correction. The ones we had since they were born will be for college and we will continue to contribute to that, but the new plans will help pay for private school. Will probably not use it immediately in hopes to compound more interest and being able to capitalize those profits tax free.

 

[brackis1]

wimped out and missed a fad run on GENI on news NFL is largest stakeholder now lol

 

[kahiljabroni]

Not a great choice of words. I should’ve said short term so 2-3 months. This is the same shit that happened last time the fed scared the market into a little tank session.

Historically it goes inverted yield first....then market top....then the actual recession.

We got the inverted yield so there should be a top in the next 2 months to a year. We had an insane run from the lows of mid march...now we gotta go retest or possibly make a lower low.

Short term bearish
Mid term bullish
Long term....extremely bearish.

 

[brackis1]

FUBO is one 10% down day away from me putting a yaris in front of it.

 

[Gas121]

Gabe Plotkin starting to look like Bill Hwang.

 

[brackis1]

What do this market and a kid trapped in an oven have in common?


Both are stuck in a range

 

[brackis1]

RAD is a tease down here.
Huge drop on DB price cut to $1 lol

 

[Gas121]

Bulls in retreat. Not looking to dandy out there. Low volume, any bounce is likely a dead cat.

This nkla put is printing hard. Can’t bring myself to buy anything here, looks weak.

Sofi is heading to the grave ouch.

 

[brackis1]

VRM is looking way too tempting here. Wondering the same on LOTZ. Horrific slaughters at all time lows.
I could honestly see this being one of those AMC "distressed investment" things.
Along with RAD.

Sadly I was in other less lucrative shorts, but lol @ these rubes who said buy on GME above 200.
Will be interesting to see if they bounce.

 

[brackis1]

Thoughts on whether Kohls takes a buyout deal in the upper 60s range vs imploding on their own hubris?
The arbitrage here at 56.5 to a $66/share deal even if it just trades to say $63 is over 10%
Then again if theey announce they're going at it alone I could see a 15% tank too.