RIPPER : I’m excited ……
SpyderCallOP RIPPER: Me too. I love a good dip to buy. And puts habe extremely low premiums right now. They could possibly print big time.
RIPPER :
Am I the only one who saw this fall coming? I’m confused because seems like most out there were caught off guard.
All week long, I have had a gut feeling this exact fall was going to occur simply from my constant close observation of the moving averages. The patterns and overall movement of moving averages (throughout all time frames)TELL A STORY.
Only saying that because I’m not the best trader in any way, shape or form, but it seems even the pros didn’t see it coming
RIPPER SpyderCallOP:
Yep, I had a couple of BIG bangers today.
It’s a good idea right now, to sort through the tickers with the most meat on the bone, lowest IV that appear to be topped out. Yes, most I’m looking at appear to be completely topped out.
If my original theory is correct, and this is the initial stage of transitioning from bull run to bear, then we are about to have some of the best opportunities of the entire quarter.
SpyderCallOP RIPPER: Good call. today was ugly. How low do you think it will go before the market buys it back up?
Thy GoD : Pumped and Dumped, average IPO hype
BelleWeather : I bought shares on the last day through Reddit’s email to me (my brokerage couldn’t supply any.) This because I saw it was oversubscribed by ~500%. I sold on the 2nd(?) day, at ~70 USD for a nice profit. I currently hold LEAPS put contracts for 2025.
Thy GoD BelleWeather: that's the usual IPO strat, subscribe, sell then exit the dump ez money. (this is not financial advice)
Rockaphobic : 40P 19 APR ... DOWN SHE GOES
V_银杏 : see u at 20
SpyderCallOP V_银杏: Agreed
SpyderCallOP Rockaphobic: I believe it will drop lower as well.
ElonBust : What’s a dividend spinoff? Edit: Apparently they deconglomerated from one of their spin-off companies, which was being sued. Saving them face and potential monetary damages
SpyderCallOP ElonBust:
I just saw that news. maybe I am mistaken, but in the past, the price would correct following a spin-off. But it would show a gap up or down on the chart, and it would be the same chart that was used before the spin-off. Like a simple gap up or down.
In this case, the entire chart translated downward. Like all of the candlesticks just shifted downward, and every price point on every candlestick moved down on the graph. maybe I wasn't paying close enough attention in the past, but I don't remember seeing price adjustments like this.
razo2 : they have 2 big lawsuits that have very big settlements. It is a good company but that lawsuit kinda makes their underlying fundamentals not attractive.
razo2 : also goods inflation is coming back based on yesterday's data. that is why bond yields flew up with the USD.
Kevin Matte : I agree with you, if the trend continues! I'm bullish on this. I'm curious what you think about the fibonacci trend repetition ^^ I think it can be repeated once or twice, but 3rd in a row I doubt it !
SpyderCallOP Kevin Matte:
I didn't even consider the short-term Fib levels. I like how they fit perfectly with the rally.
I have a lot of resistance levels at that previous high, so it will be difficult to break through, I imagine.
I added a few paragraphs to the end of this post. Check it out. I needed to add a little more info about the technical setup.
SpyderCallOP Kevin Matte: And another thing about that picture you posted with those two charts. It almost looks like you are making the beginnings of an Eliot wave. And there is one more wave up to complete the Eliot wave. Just a thought.
MonkeyGee : great catch. I think you did more analysis than Cathy.
MonkeyGee : Just looked into the trade a little more. Just because of Cathie's well-known trading techniques of buying high and selling low. I see an inverse head and shoulder forming, and all the indicators are turning. maybe it's just me reading tea leaves. But I have added it to my watch list. thx u
SFRE Keith : Instead of believing the FED or not, investors should not bet against the FED and US .
MonkeyGee : This is a very good question. if people believe the fed, then I have a 2008 story for you.
SpyderCallOP SFRE Keith: I totally agree. Don't fight the Fed. Follow the liquidity.
SpyderCallOP MonkeyGee: Haha. I know right. Anything could happen.
MonkeyGee SpyderCallOP: This time, I will have my $1 ready to buy the Lehman brother building. It's so disgusting that you can't find that information online anymore. That was a total scam.
Sianzsation : The rhymes participate don’t anticipate!
SpyderCallOP Sianzsation: makes it easy to remember.
73475104 : agreed
mypulse : Russell 2000 still seemed stucked, so market has not broadened... This rally is weird.
Kevin Matte : a lot of people that I follow on the internet (mostly youtubers) say that from April/May/June there will be a crash in the market until 2025, of the order of -30 to -75%... A lot start to prepare for it. Personally, I don't believe there will be a "big crash" but rather a correction, and maybe not ^^
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MindOverMatter : Dame that's a lot of buy the dip votes
SpyderCallOP MindOverMatter: I see that. Has me worried.
Mike Obama : cash is king
SpyderCallOP Mike Obama: It looks like that old proverb, "Cash is trash," is not valid during a global inflationary environment.
SpyderCallOP MindOverMatter: It could be because I tagged AMC. Those guys love buying dips.
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