Discussion ***Official*** 2022 Stock Market Thread

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FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
30,796
2,620
126
FelixDeCat said:
Bought LC.
Click to expand...

Up nicely since purchased, from 17.89 to 19.35.

While LC is pricey, it does have solid profits and growth. The recent crash was because of projected lower originations due to higher interest rates.

Overall it might be a dog, but relative to other fintechs it looks cheap.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
30,796
2,620
126
Google beats mightily, announces 10 for 1 stock split, shares explode $275 higher (9.5%).
 
repoman0

repoman0

Diamond Member
Jun 17, 2010
5,191
4,570
136
I will gladly accept a stock market crash if it includes the crash and burn of the toxic garbage dump that is Facebook. Lost users for the first time ever .. love it.
 
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AdamK47

AdamK47

Lifer
Oct 9, 1999
15,675
3,529
136
Amazon is 6% lower today vs the tech sector at 2% down.

I bet the words "supply chain issues" get used more than once in their earnings report.
 
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Reactions: FelixDeCat
Saylick

Saylick

Diamond Member
Sep 10, 2012
3,923
9,142
136
Lost_in_the_HTTP said:
Another 85% to go.

Just Do It!.
Click to expand...
shia-la-beouf-just-do-it.gif
 
AdamK47

AdamK47

Lifer
Oct 9, 1999
15,675
3,529
136
Amazon is rocketing right now.

Prime subscription cost is going to go up again. Darn it.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
30,796
2,620
126
dank69 said:
Are you predicting a crash for a change?
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Normally I would be cheering a pullback as cheap stocks make for big opportunity . However, this market is a paranoid schizophrenic right now and off its meds. You cant trust it either go up or down with conviction, making it difficult to make money long or short ....unless you daytrade it.

For example, SNAP crashed today following the 27% decline in FB only to go back up 60% IN ONE DAY after hours on "good" earnings.

That is the definition of a schizo market.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
30,796
2,620
126
For now, Im talking small bites, selling deep calls and settling for small change since you really cant trust stock prices for now. I covered my short calls on PYPL and dumped the stock since it fell below the money I made on the calls.

Today I shorted a few shares of Tesla and am up a whole $100 (better than the casino I guess). Cant go too short on Tesla or it will bite your face off.

I also bought 100 shares of FB at $241 and sold a $230 call expiring tomorrow for $12.60. On the plus side, it could make about $160 max profit if I let it expire tomorrow and they take the shares. On the negative side, I've got downside protection just in case it keeps dropping tomorrow.
 
J

jpiniero

Lifer
Oct 1, 2010
16,493
6,987
136
AdamK47 said:
Amazon is rocketing right now.

Prime subscription cost is going to go up again. Darn it.
Click to expand...

The retail business did even worse this quarter. Really the stock should be tanking. The only reason the Net Income was higher was because they made 11.8 billion in Rivian's IPO. Wall Street is f'ing dumb.
 
KB

KB

Diamond Member
Nov 8, 1999
5,406
389
126
jpiniero said:
The retail business did even worse this quarter. Really the stock should be tanking. The only reason the Net Income was higher was because they made 11.8 billion in Rivian's IPO. Wall Street is f'ing dumb.
Click to expand...

They announced higher prices for PRIME which will add a lot more money. The market rarely trades on fundamentals. Its all about the trend.
 
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