Economy stonks v26

Market flat? Me up?
Now that's trading.

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Pole star has been running. When it dipped below 7 I loaded up. Their new SUV looks nice and unlike Lucid they actually sell cars. Earnings is 9/27.
 
Going balls deep in META below $150, I get it the metaverse sucks but this company is still a money making machine and a low PE. It’s oversold here imo. I’ll be loading up for a swing trade.
 
One of the more incongruent trading days I can remember.
Random spec shit is up
Random shit is down
No clear narrative.
 
brackis1 said:
One of the more incongruent trading days I can remember.
Random spec shit is up
Random shit is down
No clear narrative.
Click to expand...

Weird day. This week has been brutal. I see maybe a bit of relief 2moro but let’s see.

Picked up META at $149.
 
@BIKES!
$SMSI was up 12% today only another 255556769% and I could break even.
 
brackis1 said:
One of the more incongruent trading days I can remember.
Random spec shit is up
Random shit is down
No clear narrative.
Click to expand...

i was actually going to ask, i didn't even give a fuck enough to turn cnbc/etc on so i was in the dark today, but my watch lists were allllllll kinds of wonky and made me wonder just what in the hell was going on in the news.

i figured i'd wait til my 43895648754 contracts expire/assign tomorrow before doing much else.
 
brackis1 said:
One of the more incongruent trading days I can remember.
Random spec shit is up
Random shit is down
No clear narrative.
Click to expand...

Sector rotation & rebalancing after yesterday's bloodbath.
 
Gas121 said:
Going balls deep in META below $150, I get it the metaverse sucks but this company is still a money making machine and a low PE. It’s oversold here imo. I’ll be loading up for a swing trade.
Click to expand...
Could be a value trap. That metaverse shit looked worse than the little mini-mii I made of myself on a Nintendo Wii 16 years ago haha. That reptilian Zuckerberg is pouring the company's coffers into this and by all appearances it sucks ass. Facebook is decidedly uncool now and people even seem to be getting a bit sick of Insta etc.

I was going to write "but Li Lu does have META in his portfolio," but checking just now, it looks like he sold it all and bought GOOGL instead.
 
aerius said:
Sector rotation & rebalancing after yesterday's bloodbath.
Click to expand...
Not even tho in some regards.
Random ass shit was up while the Nasdaq shat itself.
Roku up 7?
Asana?
Ark?
lol
 
44nutman said:
@BIKES!
$SMSI was up 12% today only another 255556769% and I could break even.
Click to expand...
I’ll never not follow that pile of shit. I’m not going to be a dick and tag the poster that sold me on it or his master class trading group :):confused:. His punishment has been hiding from these threads…
 
rob mafia said:
i don't understand why any of you bought/held smsi, to begin with.
Click to expand...
As if the pandemic tech fuckery made sense. At least they had a potential new product with the big 3 carriers and a P/E that resembled a time many moons ago before speculation, hype and meme reigned supreme.
 
Earnings recession may be hitting even harder and a bit sooner than I anticipated. Fed is still hiking into it as well.
 
Meh. I bought META again today. In deep, let’s see what happens. Market looks shook but expecting at least a bounce Monday.
 
lol TSLA flat while car companies take. Makes tons of sense -_-
 
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