Nobody can explain anything in this market
Boiler Room: The Official Stock Market Discussion
Saysumthinfunnymike
VOTE!!!
It's pure speculation but also they have the $ to withstand tough times. I missed on WYNN and MGM when they were super low. I got into MGM for a minute afterwards but it didn't move so I ditched it.
I hit on ERI though and doubled up.
Once it was revealed that the economy was opening soon they've just kinda hung around. It's been a slower decline than the 3/23 crash. I'd love to see them get lower.
Saysumthinfunnymike
VOTE!!!
Well they said they were doing black Friday sales daily, I'm sure it will go up after earnings but I'm wondering how much it will go down before then in order for us to make a nice chunk of change. They were down 45 today, and as low as 75 during trading..you think it's a correction or just a bad day? I do think anything under 500 is a buy tho@K-Deini SHOP earnings on 5/6. What we thinking..
the cac mamba
Veteran
i think this is why some of these analysts were talking about a june crash
right now its just hope, hope, hope, but at some point there has to be a massive realization that the actual revenue just isnt there
Saysumthinfunnymike
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Everything was pretty fukked today across the board. Even the tech stocks all got hit. The oil crash was part of it. SHOP also has arguably exhausted it's performance, it's been up and up and up.. I was pissed to not get in when I was looking at it at like $350 or whatever.
I'm gonna throw it on my watchlist. I think if it continues to decline a little bit I'll swoop in and then it should spike way up off the report. I'm undecided...
That's the thing, this market is so fukked that you would think its reached its zenith..and then it passes it. I think if it slips below 500 I'll take a chance on it before then. But I also wonder if I could take the same 8k I would put into shop and put it on something else and make more money on that flip instead.
They are down today after like a week of hitting highs.
It is defintinitely a buy for the long run. It's system changer.
The CEO said they're super busy since people are at home shopping.
The only concerns I have are about the earnings (on the 28th I think?). They're a service so companies are going to pay their service fees, they're not selling goods directly. So will they have a dip later as online retailers business dipped? or are online retailers doing better and SHOP is gonna keep going up?
Either way it's a solid long run buy. I didn't think they could hit 400. Then I didn't think they could maintain over 400.
I'm just gonna hold on.What price did you buy in at?They are down today after like a week of hitting highs.
It is defintinitely a buy for the long run. It's system changer.
The CEO said they're super busy since people are at home shopping.
The only concerns I have are about the earnings (on the 28th I think?). They're a service so companies are going to pay their service fees, they're not selling goods directly. So will they have a dip later as online retailers business dipped? or are online retailers doing better and SHOP is gonna keep going up?
Either way it's a solid long run buy. I didn't think they could hit 400. Then I didn't think they could maintain over 400.
Fed pumping the market and the lack of revenue already priced in meaning everyone already knows it won't make money so the price is already reflective of that. What's funny is actually for a stock like LVS , they have more bullish call volume so I actually have stock it in haha.
Saysumthinfunnymike
VOTE!!!
I have my price targets set but I'm wondering if brehs have any opinions on how LOW we can expect the following companies to go..
These are all current prices. Give me your thoughts on how low you think they can go.
AAL $10
MGM $13
Delta $23
CCL $12
NCLH $11
These are all current prices. Give me your thoughts on how low you think they can go.
AAL $10
MGM $13
Delta $23
CCL $12
NCLH $11
I just invested in STNG. You think that's a good longterm hold or should I just sell when/if they spike?