Boiler Room: The Official Stock Market Discussion

[Rickdogg44]

$WOW potentially getting bought out. Did PMCC on it

WideOpenWest stock gains after report of interest from Global Infrastructure Partners

 

[chineebai]

thinking qqq test 287.75 again, then go down further, if it hits 287.75 and can't go above that, puts are in order, just my opinion. wants to test that gap at 285, just my opinion

Puts up 100% today. 283 is the next level to watch out for support/resistance. Sold most of my puts. Still got my SQQQ.

 

[BlaxOps]

Puts up 100% today. 283 is the next level to watch out for support/resistance. Sold most of my puts. Still got my SQQQ.

With a moderate selloff (~$8-$8.50) on SPY/QQQ, do you see a gap up tomorrow? If it was closer to around $10. $12, $15, I'd be more confident in a relief rally.

 

[chineebai]

With a moderate selloff (~$8-$8.50) on SPY/QQQ, do you see a gap up tomorrow? If it was closer to around $10. $12, $15, I'd be more confident in a relief rally.

nobody knows but the probability of a continuation of today's decline is higher than a gap up, if that helps. Just my opinion.

 

[dora_da_destroyer]

anyone know why the market dumped after starting off pretty good?

 

[Rekkapryde]

Interesting interview:

Basically they're saying that the oil companies are basically focused on making a full pivot to biofuels by 2040. They acknowledge that EV's will scale up, but manufacturing and large industries will relay on biofuels.





Tesla

at least they are smart enough to know that their run is over and are adjusting beforehand.

 

[chineebai]

anyone know why the market dumped after starting off pretty good?

On qqq, couldn't fill the gap up which places burden on buyers to fill the supply. Didn't do so, hence the move down. Also market still very bearish.

 

[Serious]

I'm sure its been mentioned already in here.

But if you have 10k sitting around, which I'm sure many off us 6 figure earners do.....


Throw it in a Series I saving bond( easiest 10% return you'll ever make).

Here's an FAQ:

I bonds — TreasuryDirect

www.treasurydirect.gov

 

[Serious]

Short Bitcoin ETF:

BITI

 

[KalKal]

Short Bitcoin ETF:

BITI

Tempting

 

[Macallik86]

anyone know why the market dumped after starting off pretty good?

Bear market so rallies are guilty until proven otherwise. I would focus on the bigger picture story and not the intraday inconsistencies

 

[WTFisWallace?]

I'm sure its been mentioned already in here.

But if you have 10k sitting around, which I'm sure many off us 6 figure earners do.....


Throw it in a Series I saving bond( easiest 10% return you'll ever make).

Here's an FAQ:

I bonds — TreasuryDirect

www.treasurydirect.gov

You really gotta get put on to shyt like this on your own or thru your personal network, cause the bank/credit union reps will tell you the best conservative option is to have your shyt sitting in a CD collecting a dollar a year.

My shyt grew probably $50 max for all them years, shyt would’ve been better off in a Ally’s savings account smh.

 

[Serious]

Competition is a good thing.



Meanwhile:

Tesla is cutting about 200 Autopilot jobs and closing office in San Mateo, California

Tesla is closing its San Mateo, California office, and laying off about 200 Autopilot data labelers amid a broader restructuring,

www.cnbc.com

 

[Serious]

Buy the dip

Basically what the chart is saying that equities will bottom way before GDP has bottomed.

What's really crazy is that in 1974, 50% of the equity market returned before GDP started rising again.

Here's the segment from the compound queued up:



I personally don't think we've dropped enough yet.

I'm waiting for the week July 11th.

CPI numbers drop on July 13th, then the big banks post their earnings on July 14th and July 15.

A couple weeks later in late July, big tech will post their earnings. This should present plenty of buying opportunity.

With that said
I'm not a financial advisor:

 

[Rickdogg44]

market finally acting like it got some goddamn sense

Coli jinx activated