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05-11-2022, 09:32 AM | #12826 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-148100
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AMC sub $10 could be fun!
Hopefully MTG hasn’t slit his wrists losing all those paper gains. |
Posts: 46,167
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05-11-2022, 09:36 AM | #12827 | |
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-63101
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Quote:
Clay's actually the one I worry about. (I've been convinced MTG is full of shit for months.) But sadly Clay is not only banned from the thread, he's banned from the Lounge for a few more weeks. Last edited by DaFace; 05-11-2022 at 09:48 AM.. |
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Posts: 52,578
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05-11-2022, 09:47 AM | #12828 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
Casino cash: $1228491
VARSITY
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Quote:
Down 59 percent so far this year. (Checks portfolio.) I wish I owned it instead of HCAT and PYPL and NVAX.
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Active fan of the greatest team in NFL history. |
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Posts: 143,344
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05-11-2022, 09:53 AM | #12829 | |
Colorado Chief Fan
Join Date: Feb 2006
Casino cash: $5983147
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Quote:
May be a great time to buy, after the next dump? I think most companies are struggling with production right now so Im not to concerned with that either. As a consumer entertaining the idea of an EV Truck, this Truck has captured my attention. Although, the Chevrolet shown during the Super Bowl is really nice and is actually a full size. Looks like an Avalanche but they dont call it that anymore. Roughly the same price when you build it. Probably better support for it later on as it is a major brand. Looking for some opinions from you guys? Would you buy an EV Truck? If so would you buy a Rivian? |
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Posts: 5,661
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05-11-2022, 09:55 AM | #12830 |
MVP
Join Date: Jan 2007
Location: Missouri
Casino cash: $-157750
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Posts: 8,719
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05-11-2022, 10:00 AM | #12831 | |
Colorado Chief Fan
Join Date: Feb 2006
Casino cash: $5983147
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Quote:
As far as AMC and GME, I have always looked at those kind of plays as straight up Gambling. You absolutely KNOW the stocks are NOT worth the money. I guess you are hoping to time it just right which everyone knows is impossible! I did enjoy the headache it caused for some Hedge Funds but in the end, they won, as usual. |
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Posts: 5,661
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05-11-2022, 10:07 AM | #12832 | ||
Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $-63101
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Quote:
The issue is that they haven't figured out how to ramp up production. I have friends who got on the waitlist on day 1 in 2019, and right now they're assuming it'll still be at least a year before they actually get one. As of March, Rivian had sold around 1,400 trucks this year compared to their waitlist of 83,000... Quote:
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Posts: 52,578
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05-11-2022, 10:26 AM | #12833 | |
Colorado Chief Fan
Join Date: Feb 2006
Casino cash: $5983147
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Quote:
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Posts: 5,661
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05-11-2022, 11:03 AM | #12834 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $681110
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There is no news that will turn this market around until everyone gives up and there is a purge.
This has been death by 1,000 cuts. I see the housing market gonna topple over in the fall just before winter. Then recession for 2023
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
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05-11-2022, 11:07 AM | #12835 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $681110
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Too much negative things intertwined; high oil, bad US administration, war in Ukraine, China COVID lockdowns, super high inflation, credit card debt surging, rates heading higher.
One more bad event or issue will kick this market in the balls. I think that will be the housing market.
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes" |
Posts: 53,057
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05-11-2022, 12:47 PM | #12836 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-239523
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I'm gonna have to put off retirement for another year.
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Posts: 40,658
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05-11-2022, 12:48 PM | #12837 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1171004
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Wow. Haven't placed a single trade today, just sitting on my hands watching the carnage. Almost grabbed some Tesla $850 calls after the opening dip, thank Almighty God I didn't pull the trigger. Yikes
Wonder if this is finally capitulation, or just a warmup? |
Posts: 13,834
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05-11-2022, 01:06 PM | #12838 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-239523
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Quote:
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Posts: 40,658
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05-11-2022, 01:26 PM | #12839 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-148100
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Might finally hit a real bear market.
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Posts: 46,167
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05-11-2022, 01:33 PM | #12840 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
Casino cash: $1171004
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It has cracked 2 major support levels today, 3 if we're being technical (pun intended). Could this be the bottom? Yes. No. Maybe? But there's a saying about trying to catch a falling knife. Next support level is between $138-$140. If $138 cracks, the next level of support is ~$123. |
Posts: 13,834
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