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STOCK MARKET: Let's talk stocks and investing

Discussion in 'BBS Hangout' started by SWTsig, Jun 2, 2008.

  1. Sajan

    Sajan Member

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  2. thegary

    thegary Contributing Member

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  3. peleincubus

    peleincubus Member

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    When I am reading posts on here your avatar always looks like a green MJ bud until i focus on it. just an fyi :confused:
     
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  4. Sajan

    Sajan Member

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  5. HTM

    HTM Member

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    Anyone been buying Charles Schwab stock? I bought some a couple weeks ago and some more this morning. I don't buy many individual stocks, and I'm not a day-trader or anything, I intend to hold a very long time. This seems like a good purchasing opportunity.
     
    #19405 HTM, Apr 4, 2023
    Last edited: Apr 4, 2023
  6. CCity Zero

    CCity Zero Member

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    Haha, that's pretty interesting. I might change it eventually, but it's just an old video game cover from Nintendo days. I am actually wondering if more people see it like you do, definitely not planned.
     
  7. CCity Zero

    CCity Zero Member

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    It definitely could be, I've been trying to find stuff that's been beaten up, but still haven't been trading like I was. Another one I was watching when it was in 20s was Intel, longer term I think it will return.
     
  8. adoo

    adoo Member

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    thanks for the alert.

    did my due dilligence; when SCHW was trading ~~ $49, decided to make a bullish bet on it

    sold a bulliish credit PUT spread
    • Jun expiration, collecting a premium of $3.35 in advance
      • long 50 strike PUT
      • short 40 strike PUT,
    use the above premium collected in advance to defray the cost of this 5-point bullish CALL spread which, alone, costs $6.60

    • long Jan 2024 52.5 strike CALL
    • short Jun 2023 57.5 strike CALL
      • will roll forward this short leg to a higher strike CALL w a longer expiration, as long as it'd result in a credit
    net/net = $3.25 (6.6 - 3.35)

    my price target for SCHW is $65.5. which approximates 50% retracement from the Jan '23 high of 86​
     
    #19408 adoo, Apr 6, 2023
    Last edited: Apr 6, 2023
  9. Ziggy

    Ziggy QUEEN ANON

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    Adding MORE SQQQ..... NOW. CALLS this time. GOOD LUCK
     
  10. Ziggy

    Ziggy QUEEN ANON

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    SQQQ. TMF. GOOD LUCK. POPN
     
  11. Sajan

    Sajan Member

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    over reaction i guess not.
     
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  12. whag00

    whag00 Contributing Member

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    Only way to play financials right now is either best of breed (JPM, MS) or through XLF. Anything else feels too risky right now.
     
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  13. Dr of Dunk

    Dr of Dunk Clutch Crew

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    The funny thing about XLF is that a large part of its biggest holdings aren't even "true" banks/financials. Its largest holding is Berkshire Hathaway, which in turn, is around 40-50% Apple the last I looked, which has savings and a credit card now, and 2 of the 3 other largest holdings are Visa and Mastercard, which ok, are financials, I guess. Then I think you get Bank of America. That's pretty much where its holdings are concentrated with Berkshire being the largest holding.
     
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  14. whag00

    whag00 Contributing Member

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    True…even Kre/ kbe too risky for me right now. Lol
     
  15. Sajan

    Sajan Member

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    W.T.F.
     
    #19415 Sajan, May 24, 2023
    Last edited: May 24, 2023
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  16. DOMINATOR

    DOMINATOR Member

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    nvda sitting close to 30% gain from close to open. absolutely nuts

    SP500 should just be renamed to SP5
     
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  17. CCity Zero

    CCity Zero Member

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    Just wow, absolutely insane. I had been thinking NVDA would kill it but didn't think it'd be like this.

    Someone definitely banked.

    I mean if you told me to buy OTM weekly 365c at $0.20 range yesterday and they'd be worth $23.10 today I'd have asked you what you're on because it must be really good stuff. I was honestly surprised they allowed it to open and figured there'd be even a smallish correction.

    I mean there has to be a correction eventually, right?
     
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  18. Ziggy

    Ziggy QUEEN ANON

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    I been getting TMF'd in my SQQQ for WEEKS
     
  19. Sajan

    Sajan Member

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  20. whag00

    whag00 Contributing Member

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    It’s wild out there right now. NVDA with an rsi of 85, AMD and AVGO with pretty big reversals. Going to be an interesting few weeks.
     

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