Boiler Room: The Official Stock Market Discussion

[chineebai]

ENVX - got rid of half at 14.40- nice little 44% gain. The other half I have a stop at 13.35 support, thinking 15.35 is the next stop. Double rounded pattern, exceeded June high today. Nice clear path higher we can close above 14.

 

[BlaxOps]

Suggestion to those who day trade - Learn $SNOW.

 

[Serious]

 

[dora_da_destroyer]

been staying away from my portfolio for ~month, we bottom or nah?

 

[chineebai]

MEGL is the next HKD lol. They IPO today at 4, look at the price now. Pure gamble pure nonsense.

 

[Serious]

MEGL is the next HKD lol. They IPO today at 4, look at the price now. Pure gamble pure nonsense.

9 fukking employees

 

[chineebai]

9 fukking employees

they have productive employees. what;s crazy is that it can run a lot more, tiny 5M float. Could be good for a 1 share gamble haha. Not trading advice.

 

[greenvale]

They halted trading on MEGL

 

[phcitywarrior]

MEGL is the next HKD lol. They IPO today at 4, look at the price now. Pure gamble pure nonsense.

Breh, just start letting us know which of these IPOs ahead are gonna pop. HKD with a $2K position would have netted one a house off the crazy run up.

 

[Serious]

 

[Serious]

The Democrats have taken aim at the stock market's safety net by taxing buybacks - potentially creating another headwind for investors

The Democrats plan to put a 1% tax on share buybacks, as part of a deal to rescue Joe Biden's agenda.

news.yahoo.com

• The Democrats plan to put a 1% tax on share buybacks, as part of a deal to rescue Joe Biden's agenda.
• Stock buybacks have supported the market in recent years, with companies spending huge amounts on their own shares.
• Analysts said the tax could be a new headwind, but said companies would likely increase spending on dividends.

The Democrats have agreed to introduce a 1% tax on share buybacks as part of President Joe Biden's climate and tax bill, in a move analysts said could create another headwind for equity investors.....

S&P 500 companies are likely to spend in the region of $1 trillion on buybacks this year, analysts say, after purchasing a record $882 billion in 2021.

S&P 500 Buybacks Set Quarterly and Annual Record

S&P 500 Q4 2021 buybacks were $270.1 billion, up 15.1% from the record set in Q3 2021; Total 2021 buybacks were $881.7 billion, up 69.6% from 2020 and up 9.3% from the prior annual record set in 2018

press.spglobal.com

 

[BlaxOps]

I didnt catch the whole move, but I got into $TSLA early... Great day.

 

[Regular_P]

I think I'm gonna add some $SIGA. I don't see it running up like Moderna but I feel like it's worth taking a flier.

Up like 20-25% in a few days.

This is one of the companies with the monkeypox vaccine, for those who don't know.

 

[Serious]

I didnt catch the whole move, but I got into $TSLA early... Great day.

Oh you must have been tipped off by your boy Cramer:

 

[KalKal]

been staying away from my portfolio for ~month, we bottom or nah?

I sure hope so, I just deposited a bunch of cash