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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Last edited by DaFace; 02-19-2021 at 06:35 PM..
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Old 03-07-2022, 09:05 AM   #12496
neech neech is offline
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Not sure who in here was floating the prospect of energy stocks but I took a flier on XLE in the mid 60s.

So thanks!
Seems like a good idea to me.
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Old 03-07-2022, 09:51 AM   #12497
petegz28 petegz28 is online now
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QQQs down yet another 2% this morning. SPYs not far behind.
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Old 03-07-2022, 09:57 AM   #12498
scho63 scho63 is online now
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QQQs down yet another 2% this morning. SPYs not far behind.
What's the next line of support?

What's the chart saying or is there no real support here?
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Old 03-07-2022, 09:59 AM   #12499
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Originally Posted by scho63 View Post
What's the next line of support?

What's the chart saying or is there no real support here?
$318 on the QQQs which is the low we set on 2/24. $410 on the SPYs.
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Old 03-07-2022, 11:15 AM   #12500
Buehler445 Buehler445 is offline
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Wish I held Kroger a few days longer.
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Old 03-07-2022, 11:18 AM   #12501
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Wish I held Kroger a few days longer.
Just like your NVDA
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Old 03-07-2022, 11:21 AM   #12502
Buehler445 Buehler445 is offline
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Just like your NVDA
I don’t think I had NVDA. If I did it wasn’t very long. Or maybe it was so bad I blocked it out.
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Old 03-07-2022, 11:24 AM
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Old 03-07-2022, 11:24 AM   #12503
Buehler445 Buehler445 is offline
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Originally Posted by scho63 View Post
What's the next line of support?

What's the chart saying or is there no real support here?


Looks like there is pretty decent support right here.
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Old 03-07-2022, 11:26 AM   #12504
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Rainman, Do you still have BBBY ? It's busting a nut today!
Nah, I dumped it a long time ago. Even with today's bump it's still 50 percent down from where I bought it.
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Old 03-07-2022, 11:27 AM   #12505
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This morning on CNBC Worldwide Exchange, a Wedbush analyst took a blowtorch to Cathy Wood and her Ark Funds. Called them complete garbage and that she had the worst strategy as a portfolio manager, trying to catch falling knives by keep buying in as the tech wrecks kept dropping by 30-40-50% or more.

It was the most brutal attack from one Wall Streeter against another since Carl Icahn went after Bill Ackman over Herbalife.

Basically said she did nothing to protect her clients assets in a tough market and made it worse by an overly risky strategy.
She deserved every bit of that too. Ive paid attention to her moves since she became some sort of guru to a lot of people. All I can say is that she got very lucky. Since then, she has lost so much money, her trades make zero sense.

Her buy high sell low strategy is literally killing her ARK funds.

Glad I only watched and didnt follow her into the market...
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Old 03-07-2022, 11:29 AM
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Old 03-07-2022, 12:26 PM   #12506
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Shit is getting nasty as **** right now....
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Old 03-07-2022, 12:27 PM   #12507
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Looks like there is pretty decent support right here.
I won't call that support based on the action I am seeing. It could be but we are already breaking through it in the QQQs. SPYs may hold it. If it holds then awesome.
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Old 03-07-2022, 12:34 PM   #12508
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Shit is getting nasty as **** right now....
NASDAQ touched 20% loss again.
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Old 03-07-2022, 12:37 PM   #12509
Buehler445 Buehler445 is offline
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I won't call that support based on the action I am seeing. It could be but we are already breaking through it in the QQQs. SPYs may hold it. If it holds then awesome.
Yeah. They probably won’t. Technicals kind of go out the window if there is mania.

But there was a lot of resistance type activity back when it went by there on the way up. Hopefully it holds, just from a volatility standpoint.

Supposedly a lot of people retired in 20-21. With inflation and the dump of the stock market those people might be facing some adverse conditions. Whether they understand it or not.
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Old 03-07-2022, 01:13 PM   #12510
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So I’m sitting on a zoom presentation from KSU extension about the Russia/Ukraine shit.

One of the dudes just said Russia raised their bond rates from 8.5% to 20(!)% to stem the free fall of the ruble.

Does it make any sense to buy some Russian bonds and take them to term? I don’t know what instruments would even be available, but a 20% return on … anything in any term isn’t a bad return. Plus if they pay out rubles after a recovery of the ruble compared to US dollars (no idea if this is possible or not). Obviously the risk would be if Russia collapsed and they’re worthless, but that seems unlikely.

I know little about bonds. Am I missing something here?
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