Boiler Room: The Official Stock Market Discussion

[KING WILL]

Hunt was halted for a while yesterday too. It's been a wild ride all week for that stock.

 

[ahomeplateslugger]

Between Spotify, Disney, and Tesla I need one of these to recover. Disney is probably a fluke that it's down a bit but Spotify and Tesla are really hurting my portfolio. Nio has also been a dud for me but I might buy more to average down my cost.

what price did you buy in on disney? i thought tesla would take off with the announcement of tesla 3 and production picking up but maybe tesla and spotify are leveling out and stabilizing at this price.

 

[the cac mamba]

found my next purchase

Camden National Corp.

 

[Tug life]

Anyone long Tesla should be buying at these levels. Charts shows support around $264, if it breaks down next support level around $244 is the next stop. If you believe in the business this is a sale. Don't be one of those who wished you bought more this cheap.

 

[BushidoBrown]

Don't know a single person who uses this

But at $756 million

on the snacks podcast they were talking abou how a large portion of millennial chicks and moms be using pinterest

Anybody preparing for a recession? With credit card, auto loan, and student loan debt at an all time high, an inverted yield curve, and a global economic downturn its almost inevitable. I'm sitting on mostly cash with only a couple positions. Is it almost time to short the market?

Im looking to stack up and go on a buying spree if a recession hit

 

[Willie]

Not sure if this is the right place or not.

Free $10 tho

Referral money too. I think you gotta have Coinbase tho

coinbase.com/earn/xlm/invite/6qv0xyfg

 

[phcitywarrior]

Anybody preparing for a recession? With credit card, auto loan, and student loan debt at an all time high, an inverted yield curve, and a global economic downturn its almost inevitable. I'm sitting on mostly cash with only a couple positions. Is it almost time to short the market?

No one really every knows when the market will give way. That said, I think holding cash for when the market does give way is a very smart position.

Some people are saying the next recession is gonna be astronomical, almost to the point of fundamental economic collapse where money won't even have use. At that point in time get the strap.

 

[Tug life]

No one really every knows when the market will give way. That said, I think holding cash for when the market does give way is a very smart position.

Some people are saying the next recession is gonna be astronomical, almost to the point of fundamental economic collapse where money won't even have use. At that point in time get the strap.

This is the type of shyt I'm talking about, alot of people don't know how close we were to an all out collapse in 2008 this one will be way worse. To the point people wont even be able to get cash out of the ATM. Thats why big banks have been deemed "too big to fail"

 

[winb83]

what price did you buy in on disney? i thought tesla would take off with the announcement of tesla 3 and production picking up but maybe tesla and spotify are leveling out and stabilizing at this price.

Cost basis on Disney is $112

 

[ahomeplateslugger]

i'm gonna slow down on stocks and just put more money into my high interest savings and maybe some bonds. stocks i'm invested in or interested in are starting to dip so i'm gonna wait to hop back in to buy.

 

[Skooby]

Nio has also been a dud for me but I might buy more to average down my cost.

When did you get in on Nio?

 

[KING WILL]

This is the type of shyt I'm talking about, alot of people don't know how close we were to an all out collapse in 2008 this one will be way worse. To the point people wont even be able to get cash out of the ATM. Thats why big banks have been deemed "too big to fail"

Why do you think it will be bigger than 08?

 

[Tug life]

Why do you think it will be bigger than 08?

Because 2008 was just the auto and housing industry that almost sunk the world economy. This time its an actual debt crisis. The auto loan bubble is the same as the housing bubble. People are getting cars with bad credit and little money down, and not keeping up with payments. Student loan debt is at an all time high as well as credit card debt. Then with all these retail stores closing around the country we should see a rise in unemployment. With all this happening at the same time its a recipe for disaster. Not to mention a generation of people retiring in the 2020's what will they do when there is no social security and their 401k all fukked up? I think whoever is the next president plays a big part of this too

 

[KING WILL]

gotcha

 

[Hawaiian Punch]

Anybody preparing for a recession? With credit card, auto loan, and student loan debt at an all time high, an inverted yield curve, and a global economic downturn its almost inevitable. I'm sitting on mostly cash with only a couple positions. Is it almost time to short the market?

I am aware of it and I want to be in a position to scoop up stocks when the chips start to fall. The fact is when the market crashes during the Great Recession we never knew when the bottom would hit. The news got worse and worse, so it didn’t seem like a good time to invest. In hindsight it was, but at that moment it seemed like the world was ending. What will happen this time? Hyperinflation? Massive job cuts? Eliminating debt is key but everything else is a crapshoot.