Boiler Room: The Official Stock Market Discussion

[Tug life]

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.

That's exactly what I'm trying to do. Get these last couple months of gains pull out of the market, wait for everything to fall and buy in at sone point. Some Fortune 500 companies were trading under $3 in 2008. If the market gets hit that bad again and rise back to current valuation we'd be set for life. We are also in the longest bull run in history theres bound to be a recession of sone sorts coming soon.

 

[Hawaiian Punch]

That's exactly what I'm trying to do. Get these last couple months of gains pull out of the market, wait for everything to fall and buy in at sone point. Some Fortune 500 companies were trading under $3 in 2008. If the market gets hit that bad again and rise back to current valuation we'd be set for life. We are also in the longest bull run in history theres bound to be a recession of sone sorts coming soon.

I think the biggest issue is not knowing what the bottom will be and also which companies will not fold. Bear Stearns and Lehman Brothers were institutions on wallstreet. Who knew they would fold and when it would end. I also remember people thinking Netflix was finished because they split their streaming service from dvd’s and were charging higher fees.

My point is we know the fall will come. That is inevitable. The genius lies in knowing which companies will survive and prosper to extraordinary heights. My take would be split the money between multiple companies. Some may fall, some may rise but collectively you win.

 

[mson]

Lyft prices IPO at $72 per share

 

[winb83]

Lyft prices IPO at $72 per share

I’ll try to short this when it hits the open market. I set a couple limit orders for $73 but I doubt it works.

 

[Skooby]

I’ll try to short this when it hits the open market. I set a couple limit orders for $73 but I doubt it works.

It's not even available on Schwab. I've haven't done a limit before. That means it won't buy it over $73 dollars, correct?

 

[mson]

Lyft Shares Open at $87.24, Up 21% From IPO Price of $72

 

[Pimp]

Lyft Shares Open at $87.24, Up 21% From IPO Price of $72

was it even possible to buy at 72?

 

[mson]

was it even possible to buy at 72?

Doesn't seem like it.

 

[Hawaiian Punch]

Lyft Shares Open at $87.24, Up 21% From IPO Price of $72

Don’t know I feel about Lyft. Uber is a verb at this point

 

[mson]

Don’t know I feel about Lyft. Uber is a verb at this point

Meaning you feel more confidant in Uber?

 

[winb83]

It's not even available on Schwab. I've haven't done a limit before. That means it won't buy it over $73 dollars, correct?

Yeah. I changed my limit to 86 cause they said it would open at that. I’ve already lost almost $30 on this crap. I might have to bail at this small loss or just go long on it. Luckily I only bought 5 shares.

Meaning you feel more confidant in Uber?

Lyft probably could grow more than Uber since it’s smaller.

 

[Pimp]

Yeah. I changed my limit to 86 cause they said it would open at that. I’ve already lost almost $30 on this crap. I might have to bail at this small loss or just go long on it. Luckily I only bought 5 shares.

Lyft probably could grow more than Uber since it’s smaller.

Lol @86 limit.. I put a order in for like 1000 shares and I was just gonna take profits today but I guess it don't work that way.

 

[ahomeplateslugger]

alibaba is picking up steam. just bought a slack competitor to help break into enterprise. i wanna buy back in but too high at 181.

Lol @86 limit.. I put a order in for like 1000 shares and I was just gonna take profits today but I guess it don't work that way.

1,000 shares? impressive that you have around 86k to drop on stocks.

 

[winb83]

Lyft was a disaster. They marked it up to high hell and when it opened the price just ended up falling. They’ll pat themselves on the back and call it high demand but looks like a train wreck to me. The market had a good day and Lyft still fell in price. Imagine what’s gonna happen on a bad day. I’ve invested so little fukk it I’ll probab hold on to these shares and if the bottom falls out I’ll average way down in cost. Not sure I want in on Uber. I don’t even understand Pinterest so pass.

Edit: put a stop limit in place for $76 and $75.90. If the stock falls to $76 it'll trigger and auto sell at $75.90. Good till cancel. I'm guessing in 4 months or less Lyft shares will be way cheaper than they are now. Things will get worse before they get better.

 

[winb83]

I had to bail on Lyft quick. The auto sell didn't kick in and it fell from $78 to $72 before I could manually sell.

Lucky I bought such a small amount of shares I only lost like $75 total.