Boiler Room: The Official Stock Market Discussion

L

lib123

Superstar
Joined
Jun 16, 2015
Messages
6,198
Reputation
339
Daps
12,563
Serious said:
Imo everyone here should be preparing for a rally back up. I don’t think it’s going straight back to 460 on spy but I think a bottoming out will come sooner than later.

However be aware that, there will probably be bulltraps along the way so manage risk accordingly.

Also Vix is at 30+ no excuse for people not to be buying and going long in their favorite and must trusted stocks.


This what y’all want cheap stocks.
Click to expand...

Are they talking about pumping any particular stocks on WSB?
 
ahomeplateslugger

ahomeplateslugger

Superstar
Joined
May 1, 2012
Messages
7,924
Reputation
841
Daps
16,488
Starski said:
Apparently the open house guy Keith Roboias, after arguing with anonymous accounts in finance Twitter for the last week :dead:, when Ron cnbc fast money today talking hella shyt about being”we are profitable on a gross margin basis!!!”


🤣


Click to expand...

what an idiot. i am surprised the company's PR team let him go on there looking dumb, unless he went off script.
 
Swirv

Swirv

Superstar
Supporter
Joined
Jul 1, 2012
Messages
17,041
Reputation
2,876
Daps
53,698
Cashed in SPY puts a day too early lol. Was able to pickup SPY 400 calls for cheap on Friday. Feels like all the bad news is priced in for now and SPY support at 362 seems to hold. Bulls are gonna pump this thing until next CPI, hopefully.
 
Serious

Serious

Veteran
Supporter
Joined
Apr 30, 2012
Messages
79,953
Reputation
14,218
Daps
190,327
Reppin
1st Round Playoff Exits
Swirv said:
Cashed in SPY puts a day too early lol. Was able to pickup SPY 400 calls for cheap on Friday. Feels like all the bad news is priced in for now and SPY support at 362 seems to hold. Bulls are gonna pump this thing until next CPI, hopefully.
Click to expand...
Idk about that. Last i checked, a couple weeks ago, the put to call ratio on spy was Astronomical until mid October.

Also Friday didn’t give me any inclination that the market was even remotely trying come back up.

All the charts I saw were pretty bearish or had low volume.

Plus the PCE report comes out next.

If those numbers are bad, I’m sure that won’t help either.
 
Swirv

Swirv

Superstar
Supporter
Joined
Jul 1, 2012
Messages
17,041
Reputation
2,876
Daps
53,698
Serious said:
Idk about that. Last i checked, a couple weeks ago, the put to call ratio on spy was Astronomical until mid October.

Also Friday didn’t give me any inclination that the market was even remotely trying come back up.

All the charts I saw were pretty bearish or had low volume.

Plus the PCE report comes out next.

If those numbers are bad, I’m sure that won’t help either.
Click to expand...
Long term I believe SPY will continue to decline, but I want to take advantage of volatility along the way.

Looking at the yearly chart on SPY, 362 seems to be a major support level for now. I’ve noticed that there is still hope that PCE will be lower than expected, I believe SPY will pump just on that strength.

I’m betting the numbers will be bad as well. I’d like to get back into SPY puts cheaper during the week. Hopefully, J Powell doesnt throw a wrench in my plan by sounding too hawkish Tues. and Wed.
 
-DMP-

-DMP-

The Prince of All Posters
Supporter
Joined
Apr 30, 2012
Messages
36,015
Reputation
9,163
Daps
111,573
Reppin
LWO/Brady Bunch/#Midnightboyz
Serious said:
Idk about that. Last i checked, a couple weeks ago, the put to call ratio on spy was Astronomical until mid October.

Also Friday didn’t give me any inclination that the market was even remotely trying come back up.

All the charts I saw were pretty bearish or had low volume.

Plus the PCE report comes out next.

If those numbers are bad, I’m sure that won’t help either.
Click to expand...
PCE?
 
You must log in or register to reply here.
Top