Talking Stocks 2.0

[CoveWatch]

Originally Posted by huncho

yeah i sold my warrants and moved them into a bunch of different leaps at around 16-16.5 before they announced the call back. i think overall my break even is around 16 and the calls i have are pretty bad at current prices (15/17.5 for 23s, and 17.5/20 for 24s) so these prices are hurting. i think their earnings will be good as well, we even saw a pop after their last earnings so would be surprised if we don't see any movement up on this upcoming one. this one should include their heavy marketing from the nfl as well so i'm optimistic. gonna look to roll the calls i have into some better ones if i get the opportunity

Originally Posted by chsu74

Hear Hear! I added more shares at $12.10 and $5 C ‘24 leaps for $8.45 which BE at $13.45. It helps my $20 ‘24 leaps..

https://www.occ.gov/news-issuances/n...cc-2022-4.html

So I guess it’s going to $9 tomorrow?

[huncho]

Originally Posted by CoveWatch

https://www.occ.gov/news-issuances/n...cc-2022-4.html

So I guess it’s going to $9 tomorrow?

up 11% after hours, red by open?

[jaisonline]

Originally Posted by CoveWatch

https://www.occ.gov/news-issuances/n...cc-2022-4.html

So I guess it’s going to $9 tomorrow?

Some good news for my portfolio. Thanks for sharing the link.

Other than sofi and lcid 1/21 & 1/28 Puts today, tough day. Rough.

[chsu74]

Originally Posted by CoveWatch

https://www.occ.gov/news-issuances/n...cc-2022-4.html

So I guess it’s going to $9 tomorrow?

Hence my ultra conservative buy. Its still in the money baby!

[RBradleigh]

Silver Linings, it’s almost tax return season and if the market keeps plunging I get to buy at discount :)


Sent from my iPhone using Tapatalk

[huncho]

well it took < 1.5 days to go from -40% back to green on sofi. finally some hope back on the table

[7sins]

Originally Posted by huncho

well it took < 1.5 days to go from -40% back to green on sofi. finally some hope back on the table

Not to mention the runup we should see into ER on 2/9.

[logo]

Man, markets refusing to hold gains it seems.

[Flex368]

Indeed.

[L.K Johnson]

Anyone that owns GEVO stocks? Have taking a bad beating with that stock. The whole green sector is slaughter it seems…

[logo]

Wow, garbage close.

[Uggi]

Originally Posted by L.K Johnson

Anyone that owns GEVO stocks? Have taking a bad beating with that stock. The whole green sector is slaughter it seems…

Me. Quite a lot. Was one of my best performing stocks last year but it’s hammered now. I’m holding on for dear life.

[L.K Johnson]

Originally Posted by Uggi

Me. Quite a lot. Was one of my best performing stocks last year but it’s hammered now. I’m holding on for dear life.

Holding on as well…would like to see 8 again…

[huncho]

Originally Posted by logo

Wow, garbage close.

looks even worse after hours

[gnuyork]

Originally Posted by logo

Wow, garbage close.

indeed. Yikes!

[huncho]

netflix -20% after earnings even with squid game. think we're gonna finally see the streaming bubble pop

[huncho]

nasdaq is now as oversold as it was in march 2020, considering the amount of panic i remember from those weeks it's just insane to think about

[Uggi]

Originally Posted by huncho

nasdaq is now as oversold as it was in march 2020, considering the amount of panic i remember from those weeks it's just insane to think about

Are you thinking about a buy-in point Huncho?
Where is the bottom .....?

[huncho]

Originally Posted by Uggi

Are you thinking about a buy-in point Huncho?
Where is the bottom .....?

personally not buying anything right now but that's primarily because i don't really have capital. i'm not in too many positions as is and my biggest bag is crypto but i can't rotate from there to stocks because that market is down 40%+ from highs. just gonna sit on the sidelines and wait for a bounce and hope its just an overreaction. i definitely thought we had a few more months left and wasn't prepared for this. have a few smaller positions in tech that are basically dead at this point that i bought during oct/nov "corrections" lol

[Uggi]

Originally Posted by huncho

personally not buying anything right now but that's primarily because i don't really have capital. i'm not in too many positions as is and my biggest bag is crypto but i can't rotate from there to stocks because that market is down 40%+ from highs. just gonna sit on the sidelines and wait for a bounce and hope its just an overreaction. i definitely thought we had a few more months left and wasn't prepared for this. have a few smaller positions in tech that are basically dead at this point that i bought during oct/nov "corrections" lol

I'm in exactly the same boat. 33% in crypto and 67% in what I see as higher risk US stocks . Zero spare capital.
Riding it out because I have no choice!

[logo]

Originally Posted by huncho

nasdaq is now as oversold as it was in march 2020, considering the amount of panic i remember from those weeks it's just insane to think about

I think it dropped from 9800 to 6700 March 2020 (31.6% drop) vs 16,100 to 13,900 today (13.7%). SPY hit the 200 day moving average today, triggering buyers anticipating a bounce and thus the red to green move.

To be completely honest, I’m a bit nervous here. Bonds/rate hikes are one thing, and they don’t phase me much. But, the selling has gone beyond that, for two months now (soon to be “officially” a bear market) and VIX hasn’t really heated up yet. I’m already getting emails from my hospital to prep for COVID wave 5, more boosters etc, and while remaining completely objective and unpolitical, there are global tensions, and polls indicate national confidence is low. There isn’t much to sustain a short term rally at this point, and one bad move could turn the market further South short term. Need to tread lightly short term.

[huncho]

Originally Posted by logo

I think it dropped from 9800 to 6700 March 2020 (31.6% drop) vs 16,100 to 13,900 today (13.7%). SPY hit the 200 day moving average today, triggering buyers anticipating a bounce and thus the red to green move.

To be completely honest, I’m a bit nervous here. Bonds/rate hikes are one thing, and they don’t phase me much. But, the selling has gone beyond that, for two months now (soon to be “officially” a bear market) and VIX hasn’t really heated up yet. I’m already getting emails from my hospital to prep for COVID wave 5, more boosters etc, and while remaining completely objective and unpolitical, there are global tensions, and polls indicate national confidence is low. There isn’t much to sustain a short term rally at this point, and one bad move could turn the market further South short term. Need to tread lightly short term.

yeah the march drop was much more severe % wise but rsi was 26.98 in march at its lowest and 27.0 earlier this morning which was a bit of a shock to me, judging by the fact that we've gotten a big bounce every time it was in the 30s. agree with the rest of your post too, i want to think this is just an overreaction to rate hikes, which should not actually be a big deal, and other political factors, but at this point it's a bit worrisome with how much everything is dumping. so many good tech companies have erased all pandemic gains. i have some hopes that maybe earnings season will reverse that though

i guess we'll see during the next fomc meeting (next week i believe?). i generally try to stay optimistic but at this point the damage has been so severe it hurts to think about lol

[tudorbaja27]

Originally Posted by huncho

personally not buying anything right now but that's primarily because i don't really have capital. i'm not in too many positions as is and my biggest bag is crypto but i can't rotate from there to stocks because that market is down 40%+ from highs. just gonna sit on the sidelines and wait for a bounce and hope its just an overreaction. i definitely thought we had a few more months left and wasn't prepared for this. have a few smaller positions in tech that are basically dead at this point that i bought during oct/nov "corrections" lol

I'm pretty much in the same situation. I'll sit and wait - as I don't have expendable capital to invest right now - and I've put in a lot over the last year.

Let's hope this shakes off sooner rather than later. I need access to some capital and I aint touching it 30% down

[huncho]

Originally Posted by tudorbaja27

I'm pretty much in the same situation. I'll sit and wait - as I don't have expendable capital to invest right now - and I've put in a lot over the last year.

Let's hope this shakes off sooner rather than later. I need access to some capital and I aint touching it 30% down

[HippoPAPAmus]

Originally Posted by huncho

Sent from my iPhone using Tapatalk

[CoveWatch]

Another day, another eod sell off… treading some rough water.. hang in there boys

[logo]

[330ci]

Today sucked, but as i went through purging my portfolio, there were only 2 I sold and reinvested the money into other stocks that took 10%+ hits today. The only thing I really messed up on was rivian. And idk if theres any recovering it, but I can't bring myself to sell where my position sits.


My precious metals are fairing well this week atleast.

[330ci]

Originally Posted by huncho

I'd say that about sums it up

[spurwar]

Absolutely brutal day. Biggest one day drop in my portfolio in quite some time. Hoping we are nearing the bottom as I am out of cash and prepared to ride this out. If we can get some good earning in the coming weeks, will look to selectively exit some plays.