Boiler Room: The Official Stock Market Discussion

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Chicken wasn’t wrong at the time when he said to buy the dip. And he’s not wrong now with waiting to buy again. Unless I’m missing something?

Seems like YouTubers are reacting to other YouTubers now for content. Jeremy dropped a video this evening and made some comments about people telling you to wait to buy is bad advice. Sounded like a shot at chicken.
100% Jeremey / FE has been on his Jay-z shyt ( @No1 ), dissing with subliminals without saying names.

With that said, I'm not a financial advisor, but buying the dip, is not a taboo thing:
 
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Deafheaven

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I'm also not really into the definite proclamations these yt dudes be on either. We all are guessing, period.


Also finally figured out how to trade spy. If you can day trade and figure it out this shyt is goated. hit my goal for the day already and can chill for the rest of the day if I choose. Should have invested my time in this instead of other shyt this year :mjcry:
 

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old boy is lucky that his audience doesn't conotain many economists :mjlol:.

he says oil supply cannot be increased because it "takes a long time".

meanwhile OPEC increases and throttles supply all of the time. that is not to say that it is enough to bring down inflation by itself BUT increasing oil supply is possible.

it's no surprise that real economists might be motivated to call him out.

i am not an economist and yet i can see his babble.

This from this month:

Jun 3, 2022,02:24pm EDT

"OPEC Bows To Global Pressure To Increase Oil Supply
Key Takeaways
  • The price of crude oil continues to rise and hit new highs on the back of significant demand post-Covid19
  • OPEC has agreed to increase their oil output to 648,000 barrels a day, up from the 432,000 barrels expected
  • The 50% increase will likely help moderate prices in the short term
  • OPEC has been under pressure to increase the supply above these estimates to allow for greater sanctions on Russian oil

Following a bumpy start to the week, oil prices rose before Thursday's OPEC meeting, with U.S. oil reserves falling more than expected. After a flash crash at the beginning of the Covid-19 pandemic that saw the oil price briefly go negative (yes, really), it's been marching upwards steadily since. This hasn’t gone unnoticed by car owners, with prices at the pump seeming to hit new highs on a weekly basis.


We're in this mess partly due to the unusual supply and demand dynamics experienced during the early days of Covid-19. With lockdowns enforced worldwide and global travel effectively halted, the oil demand dropped almost overnight."



"The Organization of the Petroleum Exporting Countries (OPEC, /ˈoʊpɛk/ OH-pek) is an intergovernmental organization of 13 countries. Founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), it has, since 1965, been headquartered in Vienna, Austria, although Austria is not an OPEC member state. As of September 2018, the 13 member countries accounted for an estimated 44 percent of global oil production and 81.5 percent of the world's "proven" oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so-called "Seven Sisters" grouping of multinational oil companies."

"In the 1980s, OPEC began setting production targets for its member nations; generally, when the targets are reduced, oil prices increase. This has occurred most recently from the organization's 2008 and 2016 decisions to trim oversupply."


 

dora_da_destroyer

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:ehh:

would be better if people just said for themselves why old boy (chicken) is wrong and which areas he appears to be weak in.
i'd be happy if we stopped discussing them point blank. if they have a truly astute point that might really add some value to people's approach to the market, timestamp it and tell us what knowledge they dropping. otherwise these brehs are shallow analysis cats who got they numbers up because they made money in a booming market and just on youtube clout chasing like almost everyone else with a channel.
 

winb83

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100% Jeremey / FE has been on his Jay-z shyt ( @No1 ), dissing with subliminals without saying names.

With that said, I'm not a financial advisor, but buying the dip, is not a taboo thing:
My views are in line with FE. Average down on long positions. Ignore trying to time things. He's been consistent in saying that. If I'm long Facebook and my average cost is $250 why shouldn't I buy more shares at $160? Because it could go lower? Either way it lowers my average cost and I plan on holding anyway. Trying to time the bottom is beyond me. Selling out and buying back in is too difficult when I don't know the bottom.
 

ahomeplateslugger

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he said there would "be a V-shaped recovery"

your response?
not sure when he said there would be a v-shape recovery or when to expect one. i haven't been keeping up with all of his comments. i do think stocks will bounce back strong once it bottoms. not sure it'll be a v-shape recovery tho.
 
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