Stock Market (11 Viewers)

[Nzoric]

Early April:

"I'll buy just one share of BlackRock." - Me, a dumbass.

They got cockblocked in Copenhagen. Miserable cunts.

Sendt fra min CLT-L29 med Tapatalk

 

Buy on AliExpress.com

[Bjerknes]

I'm thinking it will, whether through it's usual cycle or some negative news story that comes out. Stimulus "talks" are an easy guess because we all know how that's gonna end.

It gapped up today but I started a position anyway. Forgot how expensive TSLA calls can be. Bought a couple 12/18 $700 strikes and can add if it pulls back. Will have to figure out what to do with earnings at the end of the month.

Head and shoulders on SPY virtually complete. Should have just thrown the entire account at this, but since I played it safe it's just straight vertical.

 

[lgorTudor]

I see an almost double top, the healthier move would be to form a higher low at 335-340 or so next

 

[AFL_ITALIA]

Can't transfer funds today, I guess because it's Columbus Day .

Was going to buy some more Apple before the event tomorrow, but I guess not.

 

[Bjerknes]

I see an almost double top, the healthier move would be to form a higher low at 335-340 or so next

Meant to say inverse head and shoulders. But yeah the double top is worrying for sure and we need a pullback.

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Can't transfer funds today, I guess because it's Columbus Day .

Was going to buy some more Apple before the event tomorrow, but I guess not.

I was an idiot and closed AAPL too soon. Really been doing stupid things lately.

 

[Bjerknes]

NIO up 22% today and I didn't have any calls because I went with TSLA instead. FML

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And also in the news, FSLY down -25% after market based on poor forward guidance. Ouch.

 

[AFL_ITALIA]

I'm looking at NIO's chart right now, has it every actually gone down?

 

[AFL_ITALIA]

Nice little sale on Netflix after they missed Q3 user growth and EPS, dropped around $20/share in after hours.

https://www.cnbc.com/2020/10/20/netflix-nflx-earnings-q3-2020.html

 

[swag]

Missing earnings in a pandemic with with lockdowns seems a bit of a missed opportunity

 

[lgorTudor]

Thinking of selling covered calls on FAANG, anybody does this?

maybe in combination with cash secured puts

 

[Bjerknes]

Missing earnings in a pandemic with with lockdowns seems a bit of a missed opportunity

Netflix always seems to miss earnings, they did last quarter as well. Some are speculating their loss of subscribers is due to Cuties, which doesn't surprise me because people are stupid.

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Thinking of selling covered calls on FAANG, anybody does this?

maybe in combination with cash secured puts

I've never done it, but some traders I know do, along with various types of spreads. Seeing as my TSLA trade is dead in the water because of the implied volatility loss after earnings, selling covered calls seems like a good strategy in some markets.

 

[lgorTudor]

Holding TQQQ is like riding an unstoppable train. But the tracks are on fire, the carts are on fire and you are on fire, because this is hell and your fate is too endlessly scream OHHHH and AAAAHHHHH

 

[AFL_ITALIA]

Everytime I ALMOST come to the break-even point on airlines it all goes to hell again.

 

[swag]

That's yer problem right there: break-even point. You're still attached to the buying price. Let go, grasshopper.

 

[Bjerknes]

Selling before the election continues. Hopefully we have some nice bargains on the horizon but the weekly SPX chart doesn't look great.

 

[AFL_ITALIA]

That's yer problem right there: break-even point. You're still attached to the buying price. Let go, grasshopper.

I just see it as my own personal indicator . Everything I own I'm planning on holding for at least another 2 or so years, plenty of time left.

Spoiler

Unless we pull a 1990's Nikkei

 

[Bjerknes]

With Europe shutting down that adds more uncertainty, so markets are selling again. I really don't like that weekly SPX chart with a double top. If we don't find support around 3300 we could go much lower. I don't have any positions at all right now.

 

[AFL_ITALIA]

I'm debating selling what I'm up in and holding off until mid November to re-enter as well. If we get any sort of vaccine between now and then I think it would sent things soaring though.

 

[lgorTudor]

I am debating getting into MSFT and i have one question that makes or breaks my luck

@AFL_ITALIA do you at this moment hold or plan to hold any MSFT?

 

[AFL_ITALIA]

I am debating getting into MSFT and i have one question that makes or breaks my luck

@AFL_ITALIA do you at this moment hold or plan to hold any MSFT?

I own a few shares, yes. Would like more but markets are kill.