All things STOCKS

[@1RBFjr]

My understanding is that it's kind of like a spin class membership (where you buy the bike) and also there's a social network dynamic that may keep people in. You get used to riding with certain people.

We own one of the bikes. Before buying it, I went to spin classes twice a week and paid $100 a month, then covid shut things down (the business eventually opened back up).

I’m happy with the quality of the bike. Now, for about $90 a month, I can ride it as much as I want and when I want. Some classes are live, thousands are on demand (varying length of classes, music, type of class). And there’s far more than spinning- weight training, boxing, meditation, and others I can’t remember. All data is recorded so you can compare over time.

In simple terms, I’m getting more for less from the bike.

The stock seems to be a dud, however. I’m guessing because of covid a bunch of sales/revenue was shoved into a smaller time period and it’s starting to shake out.

 

[mrorange211]

Just a hunch, but I think we will see a big collapse today.

 

[Velo Vol]

Just a hunch, but I think we will see a big collapse today.

That (a selloff) would be rare for a day when there's a Fed speech/announcement, wouldn't it?

 

[Velo Vol]

Oh, heck no. I trade SPY options quite a bit

What's your go-to trade?

 

[mrorange211]

That (a selloff) would be rare for a day when there's a Fed speech/announcement, wouldn't it?

Well it depends on what he says. Remember how we shot up 100 handles last FOMC because he literally said the word "pause"?

 

[Velo Vol]

 

[mrorange211]

here comes the blood. this market is so dumb. i cant wait until next week is over.

 

[Big Orange#1]

Powell is telling us he’s crashing the markets

 

[mrorange211]

Powell is telling us he’s crashing the markets

He suckered in retail for the big boys to get their bags out. Crash is incoming.

 

[05_never_again]

Remarkable how perfectly the S&P tagged its declining 200 DMA then began this decline.

 

[mrorange211]

Remarkable how perfectly the S&P tagged its declining 200 DMA then began this decline.

It's almost like someone or something is controlling the levels.

 

[05_never_again]

It's almost like someone or something is controlling the levels.

The 200 DMA is a technical level that is watched by people who don't even really follow or use technical analysis.

 

[mrorange211]

Exactly

 

[Velo Vol]

Powell is telling us he’s crashing the markets

He's basically said the same thing all along. The traders just haven't taken it seriously.

 

[Big Orange#1]

He's basically said the same thing all along. The traders just haven't taken it seriously.

Agreed

 

[Velo Vol]

 

[mrorange211]

Full meltdown mode now.

 

[mr.checkerboards]

And all the gains are given back. This is nothing more than Russian roulette right now.

 

[Thunder Good-Oil]

Good time to buy shares. Good time to sell puts.

 

[Go aeiou]

Slowing inflation is more important than helping us fatcats make money in the mkt.
And that's Powell's job.

 

[Thunder Good-Oil]

Pullbacks are good opportunities to convert all or a portion of regular IRAs to Roth IRAs. Pay the taxes on the IRA value now and then never again.

 

[Velo Vol]

Vix "only" hit 25 today.

 

[mr.checkerboards]

Good time to buy shares. Good time to sell puts.

Yeah I get this, just trying to figure out the best way to go about things.
I joined the stock "game" in 2020, tried for about a year and couldnt gain any headway so I kinda just bought something and left it. I looked earlier this week and we are down pretty bad. I sold it, added a little and bought some stuff earlier today. Now, I just guess is the waiting game for stuff to go back up.

 

[Thunder Good-Oil]

Yeah I get this, just trying to figure out the best way to go about things.
I joined the stock "game" in 2020, tried for about a year and couldnt gain any headway so I kinda just bought something and left it. I looked earlier this week and we are down pretty bad. I sold it, added a little and bought some stuff earlier today. Now, I just guess is the waiting game for stuff to go back up.

Always need to be willing to wait. Even if it’s a year or two. I’m going to keep selling puts. And covered calls that are further out. The premiums for volatility just spiked.

A boat load of good companies just went on sale. It’s certainly not necessarily the bottom, however it’s not a bad idea to start putting cash to work. But not all at once.

MMM (-9.54%)
NVDA (-9.23%)
DLTR (-6.92%)
BX (-6.53%)
ISRG (-6.19%)
GOOG (-5.44%)
TROW (-5.31%)
WHR (-5.3%)
CRM (-4.99%)
BLK (-4.81%)
AMZN (-4.76%)
TGT (-4.11%)
URI (-4.11%)
CSX (-3.97%)
EMR (-3.76%)
MS (-3.45%)

 

[mr.checkerboards]

Gotcha. TY for the list I'll definetly slowly add them to my portfolio