Boiler Room: The Official Stock Market Discussion

[WTFisWallace?]

Added some more MSFT today. Contemplating adding another GOOG share.

I'm getting iffy on TSLA long term, thinking about selling that to get more GOOG. Feels like TSLA stock price is way more tied to Elon than Tesla itself .

 

[Rickdogg44]

Bought some HRTG. I think it's at its bottom

Never heard of them. Looks like they have dividend too. I need to look at some more

 

[Scholar]

Buying more Tesla

 

[chineebai]

qqq aiming for the gap at 304

 

[Rickdogg44]

I don't trust this bounce

 

[chineebai]

spy needs tyo get pass 405 neckline for continuation higher.

 

[dora_da_destroyer]

i'm sitting on the sidelines, as a heavy tech investor, the amount of layoffs that are accelerating scare me, these small-mid cap companies that service other SMBs are going to see revenue misses as small companies tighten up their spending. we had a a market analyst from our VC firm on our call and they basically said a lot of startups that weren't profitable are about to die off in the coming recession. good for us as we're going to see a lot of our competition clear out

 

[Slim]

i'm sitting on the sidelines, as a heavy tech investor, the amount of layoffs that are accelerating scare me, these small-mid cap companies that service other SMBs are going to see revenue misses as small companies tighten up their spending. we had a a market analyst from our VC firm on our call and they basically said a lot of startups that weren't profitable are about to die off in the coming recession. good for us as we're going to see a lot of our competition clear out

Yeah, it seems pretty much consensus in tech that the down rounds and added layoffs are coming. Getting spooky.

 

[JetFueledThoughts]

Yeah, it seems pretty much consensus in tech that the down rounds and added layoffs are coming. Getting spooky.

My company grabbed a fat funding round last year Q4 before a lot of this dried up, but we work with a fair amount of startups / early stage fintechs that I wouldn’t be surprised to see shut doors if this is a prolonged drought (9-15 months)

 

[dora_da_destroyer]

My company grabbed a fat funding round last year Q4 before a lot of this dried up, but we work with a fair amount of startups / early stage fintechs that I wouldn’t be surprised to see shut doors if this is a prolonged drought (9-15 months)

we have a round coming and are extremely undervalued, but we also service the startup market, our product is a cheaper alt to the status quo so interested in seeing if this environment stifles or accelerates demand for us. we may have to drop our price tho since our competitors undercut us

 

[chineebai]

Lots of high growth names are at their highest valuation since the tech bubble of 2000. With the feds tapering twice as fast as before, expect tightening. Focus on names that have relative strength as opposed to weakness.

From Jan this year. Tech and these "growth" names, a lot of these companies are massively overvalued as we saw over the last 6 months. That's why funds have been rushing to sectors like energy, consumer goods. So far it's playing out like the 1970s.

 

[ahomeplateslugger]

dutch bros has been on a tear after their earnings drop. they moved 50% in a matter of two weeks. such a wild swing.

i'm also seeing a lot of companies on my watchlist with double digit % moves today. i have to read up what the fed said during their meeting.

 

[El_Mero_Mero]

A few weeks ago, YouTube videos were saying that it was going to be a rough June. Are we still on that same trajectory y'all think?

 

[JetFueledThoughts]

Def think $SPY will be back in the 380s sometime soon but I don’t know shyt. Maybe this bounce is due to the Fed implying they may slow down the planned rate hike schedule.. but they’ll have to raise em at some point..

 

[chineebai]

I think envx is at a turning point. I really really like it at this price point. Good long term in my opinion.