Maserati wrote:
Under the rock of buying BA at 330 and just selling it around 340. Made a thousand bucks by putting some money at risk.
Come on man I thought we were friends. You gotta clue me into this kind of thing so I can hope the train lol
Maserati wrote:
Under the rock of buying BA at 330 and just selling it around 340. Made a thousand bucks by putting some money at risk.
Come on man I thought we were friends. You gotta clue me into this kind of thing so I can hope the train lol
Ghost of Igloi wrote:
Immelt failed to execute Six Sigma. Needed to read Jack and Suzie’s book.
That , and earnings management was harder after Sarbanes-Oxley .
https://www.sec.gov/litigation/litreleases/2009/lr21166.htmThat was nothing, by itself. Compounding is what works wonders. 2% here, 3% there, the occasional big hit on a leveraged etf, adds up. The thing for me is to only do what i am very sure about, and to get in and back out fast. I don’t care that BA has gone up more—in fact I believe it will rise yet further.
Yesterday showed how conservative i am. I could have bought some etf instead of BA, but i wasn’t sure of the ppt response time. Holy crap it was fast that time. They are loaded, the question is response time and smoothing. Looks like they are extremely powerful AND agile.
The markets still want to go below the ppt support level. It requires constant vigilance to manage, which is why they use dumb algos. If they blink, it will be a good opportunity, but don’t count on it.
Bottom line i don’t know squat anymore except what i feel, and recently those feelings have been rewarded. So much insider stuff that betting on individual stocks is not predictable enough for my liking, otherwise I would buy GE right now.
This isn’t the first time people have been anxious to bury IBM. We’ll see if they’re right this time.
Your ppt is gonna run out of cash eventually
We’ll see if the PPT has enough stomach for steak and high ball lunch this week.
Gotta watch these guys. They get cocky downing drinks at lunch.
aaaaand the SPX is down again.
this seriously bites.
Although small caps are up over a percent today.
Agip look at the spx 5-day and see how 2740/2650 is an important level. Friday and especially Monday had dips below, both of which dips were corrected insanely quickly.
Wed close, late Fri, and twice today. If it goes under this for any appreciable length of time, over more than one day, then the next leg down will have been acceped.
Imo
All major indices up 0.25% to 1.00% today as I type.
Bet they all end in the red before the day is over.
That would surprise me.
Alright Maserati you've converted me as a true PPT believe. This is like squeezing blood from a rock
Better hope they had ice tea.
Although looks like even the mighty PPT can't save GE. Really glad I bought those $10 puts this morning when it was trading above $11
Maserati wrote:
Agip look at the spx 5-day and see how 2740/2650 is an important level. Friday and especially Monday had dips below, both of which dips were corrected insanely quickly.
Wed close, late Fri, and twice today. If it goes under this for any appreciable length of time, over more than one day, then the next leg down will have been acceped.
Imo
yeah well unless some exogenous event takes place that immediately overturns the charts.
FB seems to have had decent earnings - that would help.
What's happening is 3 things, all interacting:
1) The global economy has hit a stall patch. Europe is barely growing, China growth is slowing. No signs of that in the US yet tho.
2) Trade wars are not over and everyone loses them. Upcoming china-US talks have people worried.
3) When we get to a phase when traders can huck around millions of dollars in ETFs to shift market momentum and make money by betting on volatility...they will keep doing that until it stops working. Has nothing to do with economics - just a phase in the markets when a few tens of millions of dollars can move the market. ETFs have made this way too easy to do.
what will get us out is getting past midterms with no surprises, and the conclusion of earnings season and people saying hey...earnings are up 20% and the market is down 10%...that gives us the lowest valuations in several years. I want some of this.
I more-or-less agree with that last paragraph, no matter what happens in the election.
And Racket, I don’t think it is nefarious, although it might at some point be used to such ends. It has been nice and predictable, though.?
https://mobile.twitter.com/FreefallCapital/status/1057323966455529473Maserati wrote:
I more-or-less agree with that last paragraph, no matter what happens in the election.
And Racket, I don’t think it is nefarious, although it might at some point be used to such ends. It has been nice and predictable, though.?
You people need to grow some cojones. This is typical market behavior. You are acting like a bunch of little girls.
Hey. Did a day trade on AMZN today and made a little pocket cash. Sold high and bought back the same number of shares a little lower. And of course it proceeded to rise well the rest of the day so, glad i kept the shares.
Bought a little TNA in the aftermarket that i had been shedding in previous sessions.
Will be doing much more buying in the coming days if the downturn doesn't continue.