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

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J

jpiniero

Lifer
Oct 1, 2010
16,981
7,383
136
AdamK47 said:
Another fed meeting minute release day and yet again another down day. Meeting minutes for a meeting that happened weeks ago. People get so spastic.
Click to expand...

It's just the sentiment that the Fed might actually go hawkish.
 
biostud

biostud

Lifer
Feb 27, 2003
19,982
7,079
136
My strategy is simply passive index funds,so while it is a roller-coaster ride these days, it doesn't really concern me as I don't plan to cash them in for the next couple of years.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,105
2,719
126
So funny. After all the hub bub of Musk purchasing 10% of Twitter and his filing status of active vs passive ownership and joining the board, he now says he will not join the board.

Isnt that cute?
 
Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
70,775
13,869
126
www.anyf.ca
As much as I kind of like Elon I do suspect a lot of the time he's in it for himself more than everyone else, like any other CEO. His move was probably enough to get in at a good price and he can probably manipulate the stock so it goes higher, then he'll cash out when he starts his own platform. At least that is my guess.
 
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FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,105
2,719
126
I love shorting naked call options. It is pretty risky so I only do it intraday. Do not want to wake up to a nightmare the next day.
 
Last edited:
JTsyo

JTsyo

Lifer
Nov 18, 2007
12,043
1,136
126
FelixDeCat said:
So funny. After all the hub bub of Musk purchasing 10% of Twitter and his filing status of active vs passive ownership and joining the board, he now says he will not join the board.

Isnt that cute?
Click to expand...
Board members are limited to 15% stake. If he wants a hostile take over, he can't be on the board.
 
J

jpiniero

Lifer
Oct 1, 2010
16,981
7,383
136
Not stock market related but mortgage rates have crept up near 5%.

Also had a unit sell in ye ol condo complex for way too much. Dude is going to get so burnt.
 
Red Squirrel

Red Squirrel

No Lifer
May 24, 2003
70,775
13,869
126
www.anyf.ca
Welp just cashed in all my available ESPP. Came up to around $27k. :eek: Credit line is 34k so won't quite cover it, but it will cover a good chunk at least. I used my credit line to buy my truck and off grid land so that's why it's so high.

I tested the waters last year taking out around 25k if I recall, and I did not take much of a tax hit, so figured I'd take out everything I can now, which was 27k. There is still some stocks left in the ESP but units are not mature enough to be taken out. If I was to take it out I'd lose out on company contributions.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,105
2,719
126
The next few weeks should be fun with more earnings coming in. In my opinion, its a difficult time to trade because:

1) On one hand good stocks will go up on news, earnings, etc.

..however..

2) On the other hand you have the stupid robots / algorithms that will start marking down stocks wholesale all over the market the second the major indexes start taking a beating. And heaven help if you if your long intraday and volatility goes up and massive put buying on indexes that cause everything to suddenly go lower.

For example, you are trading a stock thats maybe up on very good news, earnings, etc. But here come the robots, market makers, etc. You think the stock is worth $20 because that is what its trading for but suddenly out of nowhere AND WITHIN SECONDS its $19.50, $19, $18.50 and stops around $17.50 for now. You could be down thousands of dollars suddenly because of the stupid shenanigans they pull.

Hard to trust any price.

A mere 2% decline in the markets might cause a 10%+ daily decline on any other stock thats not widely held.
 
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biostud

biostud

Lifer
Feb 27, 2003
19,982
7,079
136
FelixDeCat said:
The next few weeks should be fun with more earnings coming in. In my opinion, its a difficult time to trade because:

1) On one hand good stocks will go up on news, earnings, etc.

..however..

2) On the other hand you have the stupid robots / algorithms that will start marking down stocks wholesale all over the market the second the major indexes start taking a beating. And heaven help if you if your long intraday and volatility goes up and massive put buying on indexes that cause everything to suddenly go lower.

For example, you are trading a stock thats maybe up on very good news, earnings, etc. But here come the robots, market makers, etc. You think the stock is worth $20 because that is what its trading for but suddenly out of nowhere AND WITHIN SECONDS its $19.50, $19, $18.50 and stops around $17.50 for now. You could be down thousands of dollars suddenly because of the stupid shenanigans they pull.

Hard to trust any price.

A mere 2% decline in the markets might cause a 10%+ daily decline on any other stock thats not widely held.
Click to expand...
And that's why I only buy index funds, and do long term investments.
 
AdamK47

AdamK47

Lifer
Oct 9, 1999
15,821
3,621
136
CD Projekt down 10% today. The once darling of the gaming world is now down 67% since the release of Cyberpunk 2077.
 
Brainonska511

Brainonska511

Lifer
Dec 10, 2005
29,178
14,548
136
jpiniero said:
Saw there's a prediction that i-bonds will hit 9.6% in May.
Click to expand...
I wouldn't be suprised if they do. Glad I bought the maximum in January; better than opening up some CD for some cash I didn't want to just dump into the market, and will be a nice payout, even if I cash out after 1 year.
 
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