Boiler Room: The Official Stock Market Discussion

chineebai

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Today was a good day to indicate that yesterday's close was the bottom. Theres resistance at 25800 so let's see what it does there.
 

chineebai

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Was it tho? This coronavirus is getting out of hand.
That's what we are here to find out. I mean it could go down 1000 point tomorrow too. The way you tell is if it breaks through resistance levels. Like today the support and base was at 24000, that's why you saw so much choppy action there. Theres resistance at 24700 and it broke through that. If it broke support today at 24000 then I'm inclined to wait till 21500. Just my opinion.
 
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Also please don't waste your money on trash like CHK. The company is hopeless. The only thing that was going to save them was a large OPEC cut.
 

franknitty711

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I know its crazy but the last couple of weeks buying the close and selling the open has been working. Depending on what the market is doing (like today it ripped) and buy puts cheaply for the next day for a reasonable number.

Either way, short Roku down to 90 and UAA to 10 :mjlit:
 

franknitty711

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Do you know why it's not up now breh ? Do you ?

Its not up because its a untrustworthy stock that used fear/bs/lies to manipulate the stock and pump it up. I wonder if the company staff sold shares when the stock price was that high? They have no product, revs suck, you name it! The stock has been flat for months and all of a sudden takes off? I got burned on so many stocks like that when i used to start posting here. Stay away from the penny and bs stocks bro.

I exited my last 2 contracts at 3.00 That is a double up from the 1.50 i paid. Its a beautiful thing when you can make money on the way up, and on the way down.:blessed:
 
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what would you buy now if you had 10 grand on the sidelines, any suggestions?
For the next five to ten years, Boeing because they will figure it out and the barriers to entry to the industry are so massive that they won't lose ground to any new entrants in the time they lost now. Global air travel will grow long term and their defense business will benefit from great power competition with China.
 

the cac mamba

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For the next five to ten years, Boeing because they will figure it out and the barriers to entry to the industry are so massive that they won't lose ground to any new entrants in the time they lost now. Global air travel will grow long term and their defense business will benefit from great power competition with China.
you know what, you're right :ehh: been meaning to grab some fukkin boeing at the bottom. company isnt going anywhere
 

LeVraiPapi

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Its not up because its a untrustworthy stock that used fear/bs/lies to manipulate the stock and pump it up. I wonder if the company staff sold shares when the stock price was that high? They have no product, revs suck, you name it! The stock has been flat for months and all of a sudden takes off? I got burned on so many stocks like that when i used to start posting here. Stay away from the penny and bs stocks bro.

I exited my last 2 contracts at 3.00 That is a double up from the 1.50 i paid. Its a beautiful thing when you can make money on the way up, and on the way down.:blessed:


nah man Feds halted it everytime it gained momentum. It would stop trading for about 5 to 15 mn. ANyway, happy you got your money but I regret not buying at 3$ cuz now it's at 6$ already
 

chineebai

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:usure: massive bounces off historic down days are normal. Too early to call a bottom.
Yeah it is early that's why I'm still 100% cash. But it's a great sign that the bottom is in. Do you see the support there at the 24k level? Originally I was thinking 21500 which it can still get down to so it's all about support and.resistance now. It broke resistance today at 24700 so that's why I'm a bit more bullish than before.
 
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