Beautiful post…nasdaq up almost 8% since Tuesday morning. Let’s hope this is more than a bear market rally.
short term bullish long term bearish (like rolling into 2023) eventually consumers are going to be squeezed and unable to support rise in prices. combined with restored supply/inventory companies will have to lower the prices. thats when companies will show bad quarterly reports. (slow growth) walking through home depot yesterday they had way too much stock for the shelfs and had no place to put it; middle of most aisles was just stock. could make the case this downturn was pricing that in. but market and economy are rubber banding right now. dont want to shill any youtubers but ive been following this guy for a few months. he never says buy/sell this or that but just reviews the current state of the entire market and what the fed is doing, goes over other markets/assets etc. pretty good IMO
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Sold out of NVDA today…which means it will continue to go up. But if it gets back down to $250 I won’t hesitate to buy again.
Bought my last shares of GME at $80.08 on 3/15 cuz the price spelled ( 0 Y 0 )...HODLing until $80081.35 cuz I'm r****ded and work at Wendy's (not the actual restaurant but behind their dumpster).
@adoo any advice on CRWD? half a mind to sell covered calls for downside protection, the other half is greedy and wants to wait for higher price before selling calls. Technicals look very bullish?
it's better/safer to hedge your bets play the covered call, and augment it w a bullish 10-pt PUT spread, Apr 29 expiration bto a lower strike PUT (say 210) sto a higher strike PUT (say 220) try to get > $4.5 credit for the 10-pt spread the probability of CRWD trading above 220 is quite high, over 90%; should that happen, you get to keep all the premium that you've collected in advance. you max risk, for a $4.5 premium on a 10-pt spread, is $5.5. effectively, ur risking 5.5 to win 4.5. the probability of success is above 90%
Tilray and Auroa Cannabis need all the help they can get. Does the house bill on legalization have zero chance?
Trying to think of who would benefit most proportionally from Germany doubling its military budget. I ended up taking a small position in RADA - they provide avoinics for Anduril, as well as tactical radars for anti-drone systems. Up 12% today, but I don't see any news, not sure if it's just due to current volatility. 7x price to sales, 54% rev growth, breaking even on profit. The other one I was looking at but haven't entered was AVAV - they are providing a small number of switchblade drones to Ukraine, but it's already popped hard, waiting for a better entry.
since early Feb, Micron had fallen 28 pt, a ~32% drop. it has retraced ~ 32%, 50% retracement is 86 which is my price target near term. earnings will be on Tu, 29 Mar the IV on MU's options are expensive, so i want to be a net seller of MU options. using 4-29 expiration, constructed this bullish PUT spread, bto 75 strike PUT, sto 80 strike PUT collected a premium of $2.55, in advance, which defines my max risk to be $2.45
Is there a radio program or podcast for people who make less than 100k a year (closer to 60k)? Some of the random stuff I've listened to tells me how much I need to be investing a year for retirement. The problem is that amount is usually more than I make a year.
sold a bearish CALL spread--- 9 May expiration---on a non-profitable tech co, RBLX bto 50 strike CALL, sto 45 strike CALL; collected a premium of $2.05 which defines my max risk to be $2.95
the charts made me do it, the ascend from ~160 to the current trading price of ~ 174 has been accompanied by declining volume. my take is that there is no conviction in that rise; timber ! sold a bearish CALL spread, using 4-29 expiration, AAPL reports on 4-28, after market close bto 180 strike CALL, sto 170 strike CALL collected $4.75 premium in advance for this 10-pt spread, which defines my max risk to be $5.25
Time in the market beats timing the market. I started off in my early 20s just contributing $25 month to Roth IRA and then finally got an employer matched 401K a few year later. Compounding interest (aka time in the market) is very important. Nothing wrong starting off small. I like the Motley Fool podcast (I have never bought their products) as it's a more general investing podcast for people starting out or in retirement.
How much you need to invest in for retirement generally depends on how old you are. Also, there are people out there living comfortably in retirement without making 6 figures. A lot of it also has to do with how much you spend as much as how much you earn. If you're in your 50's making 6 figures, you may have a lot more trouble catching up than somebody who started in their 20's making $50k. Or like my dad used to tell me, "time is something you can't get back". I just learned by reading when I was younger, and listening to people who were succeeding and watching people who were failing. I think I did listen to Dave Ramsay on the radio when I was in my early 20's, though. If you find a good podcast, let me know. I don't really listen to financial podcasts, but wouldn't mind finding something new to listen to, in general.
