Boiler Room: The Official Stock Market Discussion

[phcitywarrior]

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

Yea, with the Fed hiking rates there’s more scrutiny from investors. The “blitzscaling / we will be profitable later” of the past isn’t gonna fly in today’s climate where cheap money is vanishing.

Risky assets are getting dumped left and right.

 

[Rickdogg44]

We bottomed? I still don't trust it. I'm a scorned ex lol

 

[chineebai]

LNTH can be a good long term name, they got some stuff for prostate cancer with good data, but small sample. Bios are obviously very very risky.

From March when it was 50.

 

[chineebai]

We bottomed? I still don't trust it. I'm a scorned ex lol

Still very much in a bearish trend. Need next week for more confirmation if we want to go long. Qqq still below 317 neckline. If it goes above it then it's safer to go long. In my opinion.

One interesting but is that we've had 3 days of huge up volumes of 80%+ and of those times that it has happened, stocks go up like crazy.

 

[KalKal]

I don't trust this bounce

I've been saying all month that I've been waiting for two "UP" weeks in a row before I declare that we're off the bottom. After being up last week, I'm feeling really good about this week. Then it's time to make money again

 

[FreshFromATL]

 

[BlaxOps]

TOP STOCKS TO WATCH FOR THE WEEK OF May 30, 2022 | CHWY, CRM, CRWD, CHPT, NVDA

This video covers earnings this week, Chewy, Salesforce, Crowdstrike, Chargepoint and Nvidia.

 

[GunRanger]

To combat inflation, Powell wants to lower wages

“By moderating demand, we could see vacancies come down, and as a result—and they could come down fairly significantly and I think put supply and demand at least closer together than they are, and that that would give us a chance to have lower—to get inflation—to get wages down and then get inflation down without having to slow the economy and have a recession and have unemployment rise materially. So there’s a path to that,” he said.

U.S. Federal Reserve says its goal is ‘to get wages down’ | MR Online

U.S. Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.

mronline.org

 

[chineebai]

i like slca to go over $21, nice inverse h&s pattern.

slca just on fire

 

[chineebai]

energy on fire in general, expecting some profit taking short term given it's performance.

 

[dora_da_destroyer]

To combat inflation, Powell wants to lower wages

“By moderating demand, we could see vacancies come down, and as a result—and they could come down fairly significantly and I think put supply and demand at least closer together than they are, and that that would give us a chance to have lower—to get inflation—to get wages down and then get inflation down without having to slow the economy and have a recession and have unemployment rise materially. So there’s a path to that,” he said.

U.S. Federal Reserve says its goal is ‘to get wages down’ | MR Online

U.S. Federal Reserve chairman Jerome Powell said his goal is “to get wages down,” complaining workers have too much power in the labor market. Economist Michael Hudson says this is “junk economics,” and corporate monopolies are driving inflation, not wages.

mronline.org

So gas costs $6/gallon, rents and home prices at all time highs, eggs cost $4-5/dozen, utility prices keep going up, cars are still behind demand making them cost way more than sticker price or KBB, daycare and college are more expensive, but instead of suppressing prices we’re supposed to suppress wages so people can’t afford any of this shyt?

 

[chineebai]

ENVX with relative strength

 

[chineebai]

eyeing CELH above 72
nfe above 49
aapl so far rejected neckline of 150 which is the resistance so far. Higher probability of bearish if it can't go above 150. Tested it once today, probably will test again

 

[ogc163]

So gas costs $6/gallon, rents and home prices at all time highs, eggs cost $4-5/dozen, utility prices keep going up, cars are still behind demand making them cost way more than sticker price or KBB, daycare and college are more expensive, but instead of suppressing prices we’re supposed to suppress wages so people can’t afford any of this shyt?

How would you propose they suppress prices?

 

[greenvale]

How would you propose they suppress prices?

Some of this is clear gouging. How bout start there?