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05-10-2022, 02:13 PM
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#3856
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
this market is so fucking weak right now, it's scary
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Can't gain even a few hours of steady traction. Even I'm a little surprised there isn't some kind of rally here or there.
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05-10-2022, 02:20 PM
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#3857
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,541
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There was a big rally starting last night...washed all away in an hour or two soon after the opening bell.
Now it's trying to go up again...good luck
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05-10-2022, 06:48 PM
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#3858
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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I'm looking at 4160 as a resistant level....
Lets keep it up!!!
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05-10-2022, 11:27 PM
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#3859
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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with the service business for Apple growing by leaps and bounds, why would this senior vice president, Katherine Adams, be selling more than $4 million worth of Apple stock? does she happen to know something we don't? time will tell on that one.
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05-11-2022, 07:39 AM
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#3860
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
with the service business for Apple growing by leaps and bounds, why would this senior vice president, Katherine Adams, be selling more than $4 million worth of Apple stock? does she happen to know something we don't? time will tell on that one.
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Another Elon Musk ???
I have a lot of Apple....
If that goes down too.....
I'll be hoarding Nathans coupons....
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05-11-2022, 08:02 AM
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#3861
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by geroge.burns99
S&P was at 3225 before Covid started....it was a steady 12% for the past 6 years before
If we take the usual 12% gain for 2 years we get 4045
Now we are at 3991....
WE ARE NOW F$%^&D!!!!!
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At 8AM today S&P at 4044.50
Move over PA , there's a new genius on the block!!
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05-11-2022, 08:58 AM
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#3862
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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30,000 Bitcoin now gone, plenty more of the same to follow for that one
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05-11-2022, 09:01 AM
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#3863
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by geroge.burns99
At 8AM today S&P at 4044.50
Move over PA , there's a new genius on the block!!
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OPPS!!!
SP down 29....
I give up....
Give me a gun....
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05-11-2022, 09:06 AM
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#3864
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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i would pay close attention to 281 on the QQQ, if that number breaks, everything breaks in a big way
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05-11-2022, 09:10 AM
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#3865
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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Quote:
Originally Posted by geroge.burns99
OPPS!!!
SP down 29....
I give up....
Give me a gun....
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just step aside for now while you can, this thing got plenty of legs to it and you really ain't seen nothing yet heading south.
all you guys sound the same with this 15-year time horizon. believing that nonsense will only clean you out
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05-11-2022, 09:11 AM
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#3866
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
i would pay close attention to 281 on the QQQ, if that number breaks, everything breaks in a big way
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Can you elaborate why 281.....
Just before Pandemic QQQ was at 230 ....
and just as SP it was doing the same 10-12% gains for a few years...
thxs
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05-11-2022, 09:14 AM
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#3867
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
just step aside for now while you can, this thing got plenty of legs to it and you really ain't seen nothing yet heading south.
all you guys sound the same with this 15-year time horizon. believing that nonsense will only clean you out
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I have a number in my head where I will close my account out no matter what it is....
Its what I put in the markets in 2014....
I will not lose my principal investment....
I hope
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05-11-2022, 09:56 AM
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#3868
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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Quote:
Originally Posted by geroge.burns99
I have a number in my head where I will close my account out no matter what it is....
Its what I put in the markets in 2014....
I will not lose my principal investment....
I hope
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I'm glad to hear that because i know how tough it is to admit when we are wrong. but for this instance, i can be wrong and you still won't be missing anything for now. and i really don't think i am wrong about this market at this juncture of time.
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05-11-2022, 10:01 AM
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#3869
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,541
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Quote:
Originally Posted by geroge.burns99
I have a number in my head where I will close my account out no matter what it is....
Its what I put in the markets in 2014....
I will not lose my principal investment....
I hope
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In 2014 the S&P was around 2000 at its peak
It went to 4800 around its peak in late 2021/2022
It's now at around 4000
Are you joking? It's doubled in size since 2014 and dropped 16% off its high and you're panicking?
Last edited by PaceAdvantage; 05-11-2022 at 10:03 AM.
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05-11-2022, 01:07 PM
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#3870
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
In 2014 the S&P was around 2000 at its peak
It went to 4800 around its peak in late 2021/2022
It's now at around 4000
Are you joking? It's doubled in size since 2014 and dropped 16% off its high and you're panicking?
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My account is off 22%
and we are not talking a few thousands....
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