Boiler Room: The Official Stock Market Discussion

CrimsonTider

Seduce & Scheme
WOAT
Joined
Apr 30, 2012
Messages
82,295
Reputation
-13,974
Daps
130,375
Inflation ONLY 8.5% causing stocks to soar.

I get it, it's about expectations, but man that's still crazy.

Feels like a pump fake
It’s not crazy, the market should be forward looking

It took months to build 8.5% inflation YOY. It’s going to take months for it to go back to normal levels

8.5% inflation in June and 8.5% in July shows that may have peaked
 

chineebai

Superstar
Joined
May 11, 2012
Messages
11,198
Reputation
966
Daps
30,566
Reppin
NULL
@chineebai is that ENVX plug you hinted at last week an in/out or long term? Up 35% on it and was wondering if I should take my profit. :lupe:
You can never lose money taking profit. I like it long term and I do have some in my portfolio so it depends on your goals and time frame. I also sold most yesterday as my risk tolerance isn't as high to hold through earnings. It is running a bit overbrought right now. Just my opinion.
 

chineebai

Superstar
Joined
May 11, 2012
Messages
11,198
Reputation
966
Daps
30,566
Reppin
NULL
XLE above 77 on a closing basis would be a good run towards 85
Thinking all of europe will need coal, so names like CEIX and BTU are good names to keep in mind. Just my opinion.
 

Rekkapryde

GT, LWO, 49ERS, BRAVES, HAWKS, N4O...yeah UMAD!
Supporter
Joined
May 1, 2012
Messages
148,942
Reputation
26,699
Daps
500,671
Reppin
TYRONE GA!
You can never lose money taking profit. I like it long term and I do have some in my portfolio so it depends on your goals and time frame. I also sold most yesterday as my risk tolerance isn't as high to hold through earnings. It is running a bit overbrought right now. Just my opinion.


it's my 401k rollover bread, so that's my long term account. Got 50 shares that I'm willing to let ride out or even add more if you think it's worth a long term play.
 

chineebai

Superstar
Joined
May 11, 2012
Messages
11,198
Reputation
966
Daps
30,566
Reppin
NULL
it's my 401k rollover bread, so that's my long term account. Got 50 shares that I'm willing to let ride out or even add more if you think it's worth a long term play.
If it is long term, meaning 5+ years then personally, I think it's a good investment. In terms of trading short term, it can see wild swings. You should keep in mind the support levels, so right now the support seems to be at 20.40, see if it can stay above that, another level is the 200dma at 17 which I can see testing to see if the stock can absorb all that supply given the gap up this morning. Just my opinion, not trading advice.
 

Rekkapryde

GT, LWO, 49ERS, BRAVES, HAWKS, N4O...yeah UMAD!
Supporter
Joined
May 1, 2012
Messages
148,942
Reputation
26,699
Daps
500,671
Reppin
TYRONE GA!
If it is long term, meaning 5+ years then personally, I think it's a good investment. In terms of trading short term, it can see wild swings. You should keep in mind the support levels, so right now the support seems to be at 20.40, see if it can stay above that, another level is the 200dma at 17 which I can see testing to see if the stock can absorb all that supply given the gap up this morning. Just my opinion, not trading advice.

I treat everything as an opinion fam.

Preciate the jewels.

It's only 50 shares, so I"m willing to let it ride. May add more after it drops.
 

SleezyBigSlim

Banned
Joined
Sep 23, 2014
Messages
19,882
Reputation
-1,515
Daps
52,881
Expecting another market dip around October when the government stops using thier oild reserves to bring oild and gas prices down. Inflation has not peaked
 

Serious

Veteran
Supporter
Joined
Apr 30, 2012
Messages
79,954
Reputation
14,228
Daps
190,335
Reppin
1st Round Playoff Exits
Expecting another market dip around October when the government stops using thier oild reserves to bring oild and gas prices down. Inflation has not peaked
On days like this glad to see my port go crazy, but I’m also doubling down on sqqq as a hedge.

I could hold it for a few years and be straight.

Will continue to DCA my overall port at certain increments
 
Top