Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[lewdog]

Originally Posted by -King-

Good thing I sold what I had in AMC yesterday

Lame as ****.

[MTG#10]

Originally Posted by -King-

Good thing I sold what I had in AMC yesterday

****FACE

[MTG#10]

AMC GREEN MOTHER****ERS

[displacedinMN]

What is happening today?

Worry or profit taking?

[MTG#10]

Originally Posted by -King-

Good thing I sold what I had in AMC yesterday

YEAH GOOD THING NOW HUH MOTHER****ER???

[KChiefs1]

Originally Posted by eDave

KChiefs1, are you still considering selling?

Hell no I’m hanging on this rocket ship to the moon!

I might sell if it got down to $30 but I’m still holding.

[KChiefs1]

Originally Posted by -King-

Good thing I sold what I had in AMC yesterday

Paper Hands

[lewdog]

Originally Posted by displacedinMN

What is happening today?

Worry or profit taking?

The market is extended from the 50 day moving average by a decent amount as indexes hit all time highs between last week and this week.

10 of the past 13 days have been green.

I worry what building some of you will jump off of when the market “corrects” by more than 2-3% in a short time. A 10% correction may kill some of you, let alone a 25-50% bear market.

[Peter Gibbons]

Originally Posted by KChiefs1

Hell no I’m hanging on this rocket ship to the moon!

I might sell if it got down to $30 but I’m still holding.

I don't mean to be flippant, but are you at all worried that it will try to "go to the moon" via shortcut path through the center of the Earth? At this point, that seems like a very realistic possibility for a stock where the price is artificially high and not supported by good fundamentals. For your sake, I hope that does not happen.

[eDave]

Originally Posted by displacedinMN

What is happening today?

Worry or profit taking?

It's a whole bunch of stuff. Recovering well and my crypto barely moved while BTC got ****ed. And AMC stood strong.

[lewdog]

It's important to follow where the market is in relation to moving averages. There will be red days but the entire trend is still up. It's simply small corrections/profit taking that you see. Here's the SPY chart since March to help explain. Blue line is 50 day moving average.

Short term changes will NOT be linear. Short term changes also only matter to traders. If you aren't a short term trader, check the trend 1-2x a month and leave it be.

[DaFace]

Originally Posted by lewdog

I worry what building some of you will jump off of when the market “corrects” by more than 2-3% in a short time. A 10% correction may kill some of you, let alone a 25-50% bear market.

Relatedly, my worry is that we have an entire "generation" of "investors" who have learned that fundamentals don't matter and that big risks are better than sound strategy. That works somewhat in a long-term bull market, but if things go south, the first things that go with it are going to be those risky investments.

I'm rooting for the AMC guys, but a stock like that is always potentially 24 hours away from dropping into the single digits.

[KChiefs1]

Originally Posted by Peter Gibbons

I don't mean to be flippant, but are you at all worried that it will try to "go to the moon" via shortcut path through the center of the Earth? At this point, that seems like a very realistic possibility for a stock where the price is artificially high and not supported by good fundamentals. For your sake, I hope that does not happen.

I worry everyday but my goal is to be a multi-millionaire & this is my shot to do it. It’s been a hard couple of months.

[eDave]

Originally Posted by KChiefs1

I worry everyday but my goal is to be a multi-millionaire & this is my shot to do it. It’s been a hard couple of months.

Righteous.

[Rain Man]

Originally Posted by lewdog

The market is extended from the 50 day moving average by a decent amount as indexes hit all time highs between last week and this week.

10 of the past 13 days have been green.

I worry what building some of you will jump off of when the market “corrects” by more than 2-3% in a short time. A 10% correction may kill some of you, let alone a 25-50% bear market.

I've already got a building picked out. It's really more of my back deck, because it's not very high and it goes onto a soft surface. No sense in hurting myself.