Stock Market, where’s the bottom?

[Gonefishin5555]

The down market motivated me to wire some money. Gettin ready I see it rallied a bit into the close.

 

[PaPaG]

More to go, close to bottom hopefully. The great investors make money when the market is going up or down as long as there is movement they are making money. We needed this correction, we need the fed to raise rates at least 3 more times and maybe more than .75 (I hate to say it because raising rates as needed will help destroy the market short term and a lot of folks are going to lose a lot of money). What we really need to grow our economy and regain our strength is to Vote these America Destroying fools out of office including all the RINO's.

 

[shintoooo]

Today was a nice day for long term investors but tomorrow looks like a blood bath for tech stocks because SNAP had horrible numbers and guided down. It's down 30% after hours https://finance.yahoo.com/quote/SNAP?p=SNAP

It's taking down FB, AMZN, GOOGL, and pretty much all the big tech companies are bleeding after hours.

 

[DRYHEAT]

Today was a nice day for long term investors but tomorrow looks like a blood bath for tech stocks because SNAP had horrible numbers and guided down. It's down 30% after hours https://finance.yahoo.com/quote/SNAP?p=SNAP

It's taking down FB, AMZN, GOOGL, and pretty much all the big tech companies are bleeding after hours.

You’re always such a ray of sunshine.

 

[TPC]

What exactly is on the horizon that would motivate someone to buy?

Depends how far off over the Horizon.
I like this but it's a long ways off to calculate anything positive now. But also consider who, that is what other companies this will benefit?

Samsung Electronics Announces New Advanced Semiconductor Fab Site in Taylor, Texas

Samsung’s $17 billion investment in a new facility will boost production of advanced semiconductors The largest-ever investment by Samsung in the US will improve supply chain resilience of crucial logic chips

news.samsung.com

Ford stock took a crap but I hold high hopes. Ford is doing all the right things so my friends and I bought low. Long hold. We like it.

People realize Biden's brain is living rent free in his melon and the WH may very well change to red-positive in 28 months.
Abe Lincoln: "You can only fool some of the people some of the time."

 

[Englewood]

Buy buy buy. DemoRATS are sneaky and will do everything in their power to have the market roaring come the next presidential election. It’s time to use their shadiness against them.

 

[kiethco]

Bought Tesla, Apple and Carnival last week, bargains for next 2 years upside.

 

[COCA COLA COWBOY]

I appreciate you optimism, but I'll loving on my SQQQ all the way to the bank. I bought at $49.80 and sold a tad low at $62.50. I'm waiting for it to go back down to the $50 range so I can do it all over again.

There is no way I would stick in this market longer than a few days on any stock except a shorting type stock. Every week is another stock getting decimated by 30%.

 

[2Driver]

Housing down 16% vs 1.6% estimate. Here we go.


LOL

 

[LargeOrangeFont]

Housing down 16% vs 1.6% estimate. Here we go.


LOL
View attachment 1119064

What idiots said it would be down 1.6%? I'm not able to PM you by the way.

 

[was thatguy]

Good thing they are pretty

Those guys hit the fucking lottery for sure!!

 

[2Driver]

What idiots said it would be down 1.6%? I'm not able to PM you by the way.

1.6% was the market estimate. I’m not sure how the “Street Expectations” figures are constructed, but it’s a good question. They are usually close though.

 

[LargeOrangeFont]

1.6% was the market estimate. I’m not sure how the “Street Expectations” figures are constructed, but it’s a good question. They are usually close though.

Yea I saw that after looking it up. That seems insanely low to even pass the smell test.

 

[just_floatin]

So the goberment sends $40 billion in money borrowed to the Ukraine with a population 44M while Americans pay record high gas prices, face a border crises, a baby formula shortage and record high inflation . All planned and staged.

So now a prediction of a housing market crash to follow. Maybe a correction in base price, but not a crash . But hey if the housing market crashes, it creates a great opportunity to purchase additional rental properties. Rent is Recession Proof and never goes down . You will eat cake and be happy!

 

[Havasu blue label]

Government fuck them idiots

 

[MPHSystems]

Any ideas when to get back in? I took some hits on the way down.

 

[Havasu blue label]

Today is a good day long term hold

 

[shintoooo]

Any ideas when to get back in? I took some hits on the way down.

I'm shorting this all the way to AAPL around $100

 

[shintoooo]

Powell is going to talk at 9:20am. Let's see how he will fuck up the market today. Every pop has sold off the same or next day. I don't expect anything different.

 

[COCA COLA COWBOY]

So the goberment sends $40 billion in money borrowed to the Ukraine with a population 44M while Americans pay record high gas prices, face a border crises, a baby formula shortage and record high inflation . All planned and staged.

So now a prediction of a housing market crash to follow. Maybe a correction in base price, but not a crash . But hey if the housing market crashes, it creates a great opportunity to purchase additional rental properties. Rent is Recession Proof and never goes down . You will eat cake and be happy!

That's just because our politicians are heavily invested in Ukraine. Think about it, politicians get to invest and have the ability to use our money to insure their bets always win.

 

[c_land]

Housing down 16% vs 1.6% estimate. Here we go.


LOL
View attachment 1119064

Pretty bad miss, economists and weathermen can be consistently wrong and get to keep their jobs.

There is now almost 6-months of new home supply under construction, we have surpassed the bubble peak of under construction for single family.

It will be interesting to see what happens when those hit the market, or are occupied by the owners that ordered them built.

CalculatedRisk by Bill McBride: April New Home Sales Decline Sharply, almost 6 Months of Inventory Under Construction

 

[MPHSystems]

I’

I'm shorting this all the way to AAPL around $100

I’m not bawler enough to short anything. You can lose a crap ton of money shorting gone wrong.


Then again, you can make a crap ton of money overnight

 

[EmpirE231]

 

[was thatguy]

So the goberment sends $40 billion in money borrowed to the Ukraine with a population 44M while Americans pay record high gas prices, face a border crises, a baby formula shortage and record high inflation . All planned and staged.

So now a prediction of a housing market crash to follow. Maybe a correction in base price, but not a crash . But hey if the housing market crashes, it creates a great opportunity to purchase additional rental properties. Rent is Recession Proof and never goes down . You will eat cake and be happy!

 

[2Driver]

Oh, Snap. In a long list of many.

 

[Englewood]

I'm shorting this all the way to AAPL around $100

If AAPL goes under $120k im selling everything I own to get in heavier.

 

[Gonefishin5555]

My funds are available tomorrow. Right now I am looking at TSLA, APPLE, Google gold and crypto btc or eth.

Market likes to rally for one day and then more bad news triggers more selling off. I sure there will be some false bottoms. I have enough cash to buy several dips which I plan to do.

APPL I'm trying to figure out the entry point. High was about 180, @120 its a 33% decline. I think low 120s is around the bottom I think I'm okay buying in the mid 130s and buy a little more when it dips under 130

 

[MSum661]

Pretty bad miss, economists and weathermen can be consistently wrong and get to keep their jobs.

There is now almost 6-months of new home supply under construction, we have surpassed the bubble peak of under construction for single family.

It will be interesting to see what happens when those hit the market, or are occupied by the owners that ordered them built.

CalculatedRisk by Bill McBride: April New Home Sales Decline Sharply, almost 6 Months of Inventory Under Construction

Good find.....some other data charts out this morning..

 

[shintoooo]

Best buy missed earnings and guided down and the stock is being held up by market makers to crush options IV. I don't think they are going to be able to hold it up for much longer. I bought puts for a week and two weeks out. I see best buy dipping below $70 here real soon.

 

[MPHSystems]

Best buy missed earnings and guided down and the stock is being held up by market makers to crush options IV. I don't think they are going to be able to hold it up for much longer. I bought puts for a week and two weeks out. I see best buy dipping below $70 here real soon.

I’ve never shorted before, is this how you do it?

 

[shintoooo]

I’ve never shorted before, is this how you do it?

View attachment 1119147

Yes, but please don't do it based on what i'm saying. It will probably go up and you'll lose all your money.

I'm trading options, not the actual stock.

 

[Gonefishin5555]

Best Buy missed but it was a good miss? Thought that was a weird interpretation. I’ll stay away from that one

 

[shintoooo]

Here's the kiss of death. Always do opposite of Cramer.

 

[COCA COLA COWBOY]

I’ve never shorted before, is this how you do it?

View attachment 1119147

Man! You got some cajones!!! I could see a short of $70, but 60! woah! I hope it works for you.

 

[shintoooo]

I’ve never shorted before, is this how you do it?

View attachment 1119147

You have to set the limit price to what you want to short it at. Not $60. It needs to be closer to what it is now around $73.50

 

[MPHSystems]

Man! You got some cajones!!! I could see a short of $70, but 60! woah! I hope it works for you.

That screenshot was just to make me feel bawler for a minute… I changed the order to 5 shares LOL

 

[MPHSystems]

Here's the kiss of death. Always do opposite of Cramer.

Not a fan of Cramer

 

[EmpirE231]

Here's the kiss of death. Always do opposite of Cramer.

who even shops at best buy? I haven't stepped foot in one for 5-7+ years?

 

[LargeOrangeFont]

who even shops at best buy? I haven't stepped foot in one for 5-7+ years?

I bought a fridge from there 6 weeks ago. That was the first time I'd been to one in 15 years

 

[MPHSystems]

Man! You got some cajones!!! I could see a short of $70, but 60! woah! I hope it works for you.

couldn’t i just buy to cover at any price i decided to?

 

[shintoooo]

couldn’t i just buy to cover at any price i decided to?

Yes, you can. I think he thought you put a cover price of $60 which is $13 less than what it is now.

 

[shintoooo]

I bought a fridge from there 6 weeks ago. That was the first time I'd been to one in 15 years

With the way fridges are built today, you'll be back there in a couple years

 

[LargeOrangeFont]

With the way fridges are built today, you'll be back there in a couple years

Probably. It was the cheapest one they had for drinks in the garage.. $479. I bet it will out last the $3K one I just bought for the kitchen though.

 

[Gonefishin5555]

Dicks tanking this AM but Nordstrom up. Looks like another down day overall

 

[MPHSystems]

Possible short squeeze on RDBX. Get a little

 

[shintoooo]

Dicks tanking this AM but Nordstrom up. Looks like another down day overall

Dicks swung the other way and went green. It has a huge short interest and they are getting squeezed today. Should go back down next week.

 

[TPC]

I bought a fridge from there 6 weeks ago. That was the first time I'd been to one in 15 years

Pull it away from the wall and vacuum out the coils every 6 months. Your compressor and bank account will thank you.
If you can't vacuum compressed air will work.

 

[TPC]

Here's the kiss of death. Always do opposite of Cramer.

Hours before Bear Stearns obliterated off the face of the earth:

 

[Gonefishin5555]

Dicks swung the other way and went green. It has a huge short interest and they are getting squeezed today. Should go back down next week.

I shorted @78 just playing around. I made gas money on a rdbx trade going up but they wouldn't let me short it figured I'd try to profit as it dropped back down. Etrade sent me a warning about being a day trader already and needing 25k in my account. picked up TSLA at 635 on open. apple @140. bought one of those physical gold stocks as a hedge

 

[Havasu blue label]

I like Tesla but should go below 6 his new venture is opening a 24 hour venue restaurant