Boiler Room: The Official Stock Market Discussion

[the cac mamba]

dude throwing in the towel here about another huge crash he so pissed about it


My thought it we trade sideways for the rest of the year

still a bear market overall but won’t be a huge crash but plenty of dips

plus election season gonna be fukkery

i dont think the huge crash is off the table, but it's looking unlikely

BUT, if the reopen is a massive failure, i'd put it at about 50/50

 

[Hahahaha]

dude throwing in the towel here about another huge crash he so pissed about it


My thought it we trade sideways for the rest of the year

still a bear market overall but won’t be a huge crash but plenty of dips

plus election season gonna be fukkery

I was thinking the market would recede if the dems won this year. Now with Covid, I don’t know what to expect.

 

[Da_Eggman]

I was thinking the market would recede if the dems won this year. Now with Covid, I don’t know what to expect.

Going by the vix chart it’s indicating a drop in 6 months when elections happen

 

[Serious]

i dont think the huge crash is off the table, but it's looking unlikely

BUT, if the reopen is a massive failure, i'd put it at about 50/50

I think the huge crash comes around q3 earnings. A lot industries that don’t meet their mark from the summer stimulus usually go BK in September.

 

[the cac mamba]

I think the huge crash comes around q3 earnings. A lot industries that don’t meet their mark from the summer stimulus usually go BK in September.

i've made so many awful predictions that i dont even want to try to call it

but i dont think it's ridiculous to think that stocks are going to crash as we head into a Great Depression i guess when is the question

 

[Saysumthinfunnymike]

i dont think the huge crash is off the table, but it's looking unlikely

BUT, if the reopen is a massive failure, i'd put it at about 50/50

I thought Thursday the crash was here.. by crash I mean the 10% sell off that I've been talking about which would drop the dow to about 21.5K

But I talked about the 23K support line.. I said if it broke 23K then it could be a signal the crash was here. Instead what happened was pure fukkery. It dropped below 23K, looked like it was here and in a fukking hour the market turned all the way back around and ended in the green...

I was looking at Penn Gaming. I had been interested in them, they got a sports betting app coming out with barstool, plus their casinos should be opening back up. It was down to $16 which I felt was a pretty good price well.. before I knew it $16 was off the table, in 24 hours the shyt is back up over $19.

So that's why I've been doing less investing and more swing trading. Investing at these prices is a no go for me. I have some longterm plays of course but I only add to those positions when they drop off some and lately they haven't. I was able to add some RTX.

 

[the cac mamba]

I thought Thursday the crash was here.. by crash I mean the 10% sell off that I've been talking about which would drop the dow to about 21.5K

But I talked about the 23K support line.. I said if it broke 23K then it could be a signal the crash was here. Instead what happened was pure fukkery. It dropped below 23K, looked like it was here and in a fukking hour the market turned all the way back around and ended in the green...

I was looking at Penn Gaming. I had been interested in them, they got a sports betting app coming out with barstool, plus their casinos should be opening back up. It was down to $16 which I felt was a pretty good price well.. before I knew it $16 was off the table, in 24 hours the shyt is back up over $19.

So that's why I've been doing less investing and more swing trading. Investing at these prices is a no go for me. I have some longterm plays of course but I only add to those positions when they drop off some and lately they haven't. I was able to add some RTX.

you've been right the whole time about that 24k line on the dow it just does not want to breach it

 

[Saysumthinfunnymike]

I was thinking the market would recede if the dems won this year. Now with Covid, I don’t know what to expect.

That can definitely happen.. Trump is pumping the market and the Fed is pumping the market. If Biden wins, I can see him being left with a horrible Covid situation, with no plan or end in sight and a damn recession and tanking market.

If Trump wins.. all that will still be true, but he will still pump the market. It's literally all he cares about. If Biden wins dumb rednecks will somehow blame him for the horrible shape the country is in and pretend like Trump isn't the one who caused it. Same shyt happened with Bush. GOP acted like Obama caused a recession when anyone with a working brain knew it was Bush that fukked it up.

 

[Saysumthinfunnymike]

you've been right the whole time about that 24k line on the dow it just does not want to breach it

It's trading between 23K and 24.5K. It can't get over 24.5 and it won't fukking stay under 23k no matter what bad news is on the table. You can swing trade between that 1500 point differential but you can't really add much to your long term positions and cost average them. It sucks.

So I've been swing trading, fukk it. That's all there is. Though the airlines have reached new lows, I'll say that. I can't even trade with them anymore. They seem ike they about to go bankrupt or something, I can't touch them now. I feel for @K-Deini because he wasn't wrong to swing trade Southwest and they do have the best balance sheet, it's just that he put the money in and like a day later the Boeing CEO said yeah these companies ain't gonna make it.. the worst timing..

 

[Serious]

It's trading between 23K and 24.5K. It can't get over 24.5 and it won't fukking stay under 23k no matter what bad news is on the table. You can swing trade between that 1500 point differential but you can't really add much to your long term positions and cost average them. It sucks.

So I've been swing trading, fukk it. That's all there is. Though the airlines have reached new lows, I'll say that. I can't even trade with them anymore. They seem ike they about to go bankrupt or something, I can't touch them now. I feel for @K-Deini because he wasn't wrong to swing trade Southwest and they do have the best balance sheet, it's just that he put the money in and like a day later the Boeing CEO said yeah these companies ain't gonna make it.. the worst timing..

Crazy thing is, while doing some research today I came across this article that made me
Airline Stock Short Sellers Have Made A $4B Profit In 2020

I might take my first real L, with SAVE, I copped at 12, now its selling at 8.....

I only copped 20 shares for $250 so it's not the worst case scenario for real, but still.

 

[Saysumthinfunnymike]

Charlie is going at the Middle Eastern/Indian "trade guru" guy i was talkin bout

 

[K-Deini]

It's trading between 23K and 24.5K. It can't get over 24.5 and it won't fukking stay under 23k no matter what bad news is on the table. You can swing trade between that 1500 point differential but you can't really add much to your long term positions and cost average them. It sucks.

So I've been swing trading, fukk it. That's all there is. Though the airlines have reached new lows, I'll say that. I can't even trade with them anymore. They seem ike they about to go bankrupt or something, I can't touch them now. I feel for @K-Deini because he wasn't wrong to swing trade Southwest and they do have the best balance sheet, it's just that he put the money in and like a day later the Boeing CEO said yeah these companies ain't gonna make it.. the worst timing..

Its forever fukk buffet and boeing ceo

 

[K-Deini]

Lyft is 28, approaching its swing time. I have nothing in the markets, let it bleed

 

[Saysumthinfunnymike]

Its forever fukk buffet and boeing ceo

Boeing CEO looked all smug in that interview too like "I'd say some won't make it through "

Meanwhile he knows that Boeing is a shyt show but can't fail and won't be allowed to fail so he's even more

 

[Bboystyle]

Options tradimg from XOM and SPY has been


I expect the market to go up Monday after this so called stimulus bill passed even tho senate wont pass it