Boiler Room: The Official Stock Market Discussion

[winb83]

I thought I was the only one around here that watched this guy. His advice is always measured.

 

[ogc163]

Big fan of Wolfe's analysis.

 

[BlaxOps]

 

[KalKal]

in 1999 Amazon fell 90% in that dot com crash took 10 years to recover. At times it was available for $10 a share. Those shares are worth $2900 today. I'd wait that long if I believed in a company seeing that.

People could have bought $10,000 worth of Amazon shares and flipped that into almost $3 million dollars. fukk it buy $5000 worth of that lows and that's still almost $1.5 million in gains.

People just not thinking long term. They see a falling price and panic but really they need to be calm and roll with it. I can't lie I almost panicked out of Facebook when it fell but I just decided to sit on it a week and see how I felt and after that initial shock I feel like I'll take the chance on it so I kept it.

Those Tesla shares I sold yeah it was only 5 but those 5 would have been split into 25 and have at it's upper prices in the $1200 range per share been worth $30,000 for a $1500 purchase.

Amazon dropped so hard in the crash, that in 2002 Futurama was making jokes that you could by 5 shares of AMZN for a penny

Anyway, with my mix of SLV call options and 2023 LEAPS on SPY, etc. I think I'll come out OK.
If the stocks crash more, I'm pretty confident the SLV and GLD should make up for it.

 

[dora_da_destroyer]

AFRM on CNBC coppin pleas...I don't see, and have never seen, this company as a good buy

 

[blues_funk_reggae]

Would be nice to have a green Monday.
In fact I can't remember the last time we had a solid green Monday.

 

[chineebai]

aapl breaking below 200dma, 154 support turned to resistance, watch out now. if below 152, then 148.

 

[chineebai]

a lot of weak names, UPST, OKTA, RBLX

 

[FreshFromATL]

Heard Elon asked Putin for the fade this morning on Twitter?

LOL

 

[chineebai]

aapl breaking below 200dma, 154 support turned to resistance, watch out now. if below 152, then 148.

look at that 154 resistance!

 

[ahomeplateslugger]

i'm conflicted on selling exxon and chevron now. i want to take profits after the big quick move but seems like commodities is where to be right now and for then next year.

 

[chineebai]

i'm conflicted on selling exxon and chevron now. i want to take profits after the big quick move but seems like commodities is where to be right now and for then next year.

cvx is trying to hold support at 8dma of 163, personally i wouldnt worry until 155. XOM, i personally would worry until 79. XOM is one of my long term favorites also.

 

[chineebai]

It's very choppy until FOMC this week. I think QQQ will test 322-320 support level at least.

 

[Rekkapryde]

I dunno why i even looked at my shyt today

 

[Macallik86]

i'm conflicted on selling exxon and chevron now. i want to take profits after the big quick move but seems like commodities is where to be right now and for then next year.

If you are unsure about the future it never hurts to take partial profits and let the rest ride