Economy stonks v25, return of the fedi

Gas121 said:
Well Snap just going to kill the market after hours just like that I guess. Rip
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I am not too familiar with Snap but another one down over 80% from it's 52 week high. Twitter down after hours to $36 now, 50% discount from the Musk $54 offer, I can't imagine it closes at $54 now.
 
I sold TQQQ today that I picked up on Friday. I really want to go long on TQQQ and SPXL, but I don't think we're there yet. If NASDAQ hits -40% from ATH and SP500 drops below 3800 I will start my long position and then drop a load in an extra 529 plan for private school tuition.
 
brackis1 said:
lmao wtf is retarded ass Cathie doing buying TSLA again?
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Truly stupid. She has 'sunk cost fallacy'. Cathie is in so deep she has no choice to average down at this stage. It's not going to end well for ARK. She has horrid positioning here. Her best hope is Tesla/Roku/ZM take off at some point.
 
Gas121 said:
Truly stupid. She has 'sunk cost fallacy'. Cathie is in so deep she has no choice to average down at this stage. It's not going to end well for ARK. She has horrid positioning here. Her best hope is Tesla/Roku/ZM take off at some point.
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She was selling TSLA at higher prices. Just a fucking nutjob of a woman.
 
Gas121 said:
Truly stupid. She has 'sunk cost fallacy'. Cathie is in so deep she has no choice to average down at this stage. It's not going to end well for ARK. She has horrid positioning here. Her best hope is Tesla/Roku/ZM take off at some point.
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no way, she was just dumping tsla, so this isn't the reason.

brackis1 said:
Just a fucking nutjob of a woman.
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i mean... i think this covers nearly all of ark's decisions.
 
About a 2% drop to the 52 week lows on the S&P and Nasdaq
 
lol i ragret not shorting PINS and TTD harder off that snap shit lol
 
One weirdly resilient spac has been that MPLN turd
Somehow at $5 and above its 200 day easily in a shit market.
 
I'm looking at a comparison between ARKK and BRK.B over the last 5 years. Shit is hilarious.

May 26 2017 is the start date. On Feb 12th, 2021 ARKK had a 454.27% return, BRK.B had a 46.33% return. As of today ARKK has a 38.80% return and BRK.B has a 86.60% return. And you know the vast majority of ARKK holders didn't buy back in 2017, most bought near the highs and are down substantially.

YTD ARKK is - 59.57% and BRK.B is up 2.79%.
 
Complete bloodbath. A slow and steady grind to the bottom.

Currently holding , SQQQ, SFM, REI long. SFM up 4.5%, it's a weird stock. Often when the market tanks the stock is usually up.

Looking to buy $C, $BAC and $BP. Barely dropped today. Probably missed the boat with $BP but would love to see it tank to clean up. Next quarter their earnings should be big with oil at these kinda prices.

Still sitting 75%. I think we continue to grind down for a few months yet so I doubt I'll be making to many moves.

@blaseblah AMZN nearing sub $2000. I remember you saying you wanted to buy. Could be time to nibble once it hits under $2000. I think worse case would be around $1500..
 
rob mafia said:
i still think it's hilarious that fucking snap tanked the market (or was the excuse to tank it, either way).

like... who the fuck actually cares about snapchat?

<{outtahere}>
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Snap was trading at a dogshit price. Makes no sense at all tbh. This market will react to anything and going long here is just to dangerous for my liking.
 
BIKES! said:
No doubt. That little cash could have been almost a 45% loss if I held. Also, my poor airlines. I’m kind of ill right now
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Shit, you're in airlines? Between the pilot shortages, high fuel prices, and people cancelling vacations because they're broke from inflation, the airlines are completely & utterly fucked.
 
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