Boiler Room: The Official Stock Market Discussion

[Domingo Halliburton]

Man, I got the feeling the market is going to tank sometime soon. It's just going up too fast.

Yall traders might be ok, but the long term buyers like myself are gonna be screwed.

How so? Move to bonds or treasuries if you feel that's the case.

 

[Domingo Halliburton]

Lol bro...

I can tell you have been in it for a while since you're still referring to Blackberry via it's old ticker symbol but are

Didnt it used to go by RIM? (Research in motion)

 

[Larry Lambo]

How so? Move to bonds or treasuries if you feel that's the case.

I think we have another 3-6 months of bull market and then it will fall apart. My 401K is pretty much loaded in the S&P 500, while my other accounts are loaded on financials (BAC, WFC) and tech (FB, AAPL). If I knew it was probably just a minor 5-10% dip, I'd be ok, but a major crash is concerning.

 

[Domingo Halliburton]

Lol bro...

I can tell you have been in it for a while since you're still referring to Blackberry via it's old ticker symbol but are you seriously advocating calendar spreads on a derivative of the VIX to newbies? Anyways here is my $0.02:

1. You are picking up pennies in front of a steamroller... aka a Taleb Distribution. Relative to the speed that the SVXY moves to the downside. Twice in 2017 it had +10% drops and 2017 was one of the most bullish trending years in the past decade. I'm not sure you are getting paid well for the risk that you are exposing yourself to.
2. If/when the VIX even moves moderately, someone brand new is not going to know how what to do with a regular option, let alone a calendar spread.

Selling calls on the vix seems easier to me.

 

[Domingo Halliburton]

I think we have another 3-6 months of bull market and then it will fall apart. My 401K is pretty much loaded in the S&P 500, while my other accounts are loaded on financials (BAC, WFC) and tech (FB, AAPL). If I knew it was probably just a minor 5-10% dip, I'd be ok, but a major crash is concerning.

Well hopefully the guys managing your 401k know what theyre doing. I know i have the option to move it to more agressive or safe options.

 

[BushidoBrown]

Never heard of it. Will read the investorjunkie review and find out more about it.

I heard they pivoted to mainly software and their patents and stuff allows them to make $$$

it mostly just shows you how your performance measures up against different benchmarks

 

[Macallik86]

Didnt it used to go by RIM? (Research in motion)

I believe it was RIMM -> BBRY -> BB

 

[Pimp]

I think we have another 3-6 months of bull market and then it will fall apart. My 401K is pretty much loaded in the S&P 500, while my other accounts are loaded on financials (BAC, WFC) and tech (FB, AAPL). If I knew it was probably just a minor 5-10% dip, I'd be ok, but a major crash is concerning.

Next earnings a lot of companies are gonna look good because the tax break.. This year is gonna be pretty good.

 

[Amerikan Melanin]

Anybody have any tutorials for ETF trading?

 

[Domingo Halliburton]

Anybody have any tutorials for ETF trading?

This is hard to answer because there's hundreds, if not thousands of etfs. Each one buys different things or has different strategies.

 

[Domingo Halliburton]

Massive call (spread) buying in the vix: feb 17s and 22s, march 17s and 22s.

Total vix call volume over 850,000

 

[Domingo Halliburton]

GS predictions:


Edit: GS "assumptions":

 

[Futuristic Eskimo]

GoPro hired JPM to sell itself. Should be a case study on the destruction of shareholder of wealth. Someone bought this at $80

 

[Domingo Halliburton]

These weed stocks still killing it. TWMJF (and a lot of them) looking overbought as hell though.

 

[N.J.stan]

Got stopped out of SHOP. 5% profit Will be watching for reentry.