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06-09-2022, 03:07 PM
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#4156
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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Lows did not hold...
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06-09-2022, 03:48 PM
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#4157
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by PaceAdvantage
It's a little late in the day for it to making lows like this and not continue lower...lows are holding so far...next 30 minutes will be key
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I posted this a while ago.....
4045 was a number I figured would be now before covid shit happened
just hope this stands up
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06-09-2022, 03:49 PM
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#4158
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,769
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i am staying in this stupid stock overnight, even though i should never be in it now.
just covered AMZN and ROLL
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06-09-2022, 03:49 PM
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#4159
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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it's literally shitting the bed into the close...and I couldn't be happier
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06-09-2022, 03:58 PM
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#4160
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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last 20 mins.....
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06-09-2022, 04:50 PM
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#4161
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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big inflation number out tomorrow...wonder if this was a "sell the rumor" moment...or if more devastation is in store for tomorrow...
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06-09-2022, 05:48 PM
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#4162
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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
It's a little late in the day for it to making lows like this and not continue lower...lows are holding so far...next 30 minutes will be key
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I have a suspicion that the CPI report is coming in hotter than expected tomorrow. White house has already released a statement blaming Russia and oil companies......
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06-09-2022, 09:15 PM
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#4163
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,769
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Quote:
Originally Posted by lamboguy
CEO just spent $50 million buying shares after this things got croaked down 55% off the top.
do you think this guy knows what he is doing?
i do!!
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this one was from May 27. in case anyone holds this, it looks like its time to be out, still will a small profit before it disappears
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06-09-2022, 09:19 PM
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#4164
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,769
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Quote:
Originally Posted by lamboguy
the CEO of Starbucks hasn't bought stock in year, now all of a sudden this guy put in 2 separate buys last week. i am not in yet, but i will be.
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this one went from 72 - 79 since may 23. i would be out now..
the other one i pumped UBER, just got pumped by Jim Craemer tonight.. that is definitely time to go elsewhere.
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06-09-2022, 10:51 PM
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#4165
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,769
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Quote:
Originally Posted by lamboguy
PBTS it broke through $1 today for the first time in a long time. i haven't seen one of these in a few years. the last one that looked like this just kept going until it reached $15.00
the stock now is $1.30, the next stop to the upside is $1.47 then $1.92. but it has to keep going. the stock has the volume and everything else is right about it.
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the only thing good about this baby today for me was that it wound up finishing the day above $1.00.. it really didn't do what i wanted it to do, so i should have taken a ten-cent loss and now i am losing 3 times that!
but this thing could gap up tomorrow and be a runner for the day and next week.. the volume was quite intriguing at 272 million, the average is under 7 million.
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06-10-2022, 07:56 AM
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#4166
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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So whos going to survive the recession when things blow up?
What are people going to buy??
and NOT buy...?
Yep ...food and necessities....
Big retailers are are going that way and having sales on their existing
building up inventory ...and keeping food and toilet paper at low prices
Target Walmart CostCo can do that...
Can Apple , Tesla , etc etc ???
Last edited by geroge.burns99; 06-10-2022 at 08:02 AM.
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06-10-2022, 09:08 AM
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#4167
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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06-10-2022, 09:11 AM
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#4168
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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report was worse then feared...which is kinda shocking considering...
How can ANYTHING surprise this market to the downside?
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06-10-2022, 09:40 AM
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#4169
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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
report was worse then feared...which is kinda shocking considering...
How can ANYTHING surprise this market to the downside?
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This market needs a reality check. Still not even close to the appropriate drop in prices that would align it with reality.
The inflation horse is out of the barn. The issue now is that all businesses have begun raising their prices regardless of input costs. So even if the price of gas or lumber drops now it won’t matter because every Tom Dick & Harry is raising his prices to keep up. It’s not a supply chain or commodities issue anymore. It’s more widespread and thus much harder to stop.
I suspect shit is even worse than we are being told, as any statistics that can be withheld or altered ahead of November will be
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06-10-2022, 10:13 AM
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#4170
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,657
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Will we get to 3820 today? Sounds crazy...but with the way this market is dying, I'm not ruling it out...
Would set up nicely for a black Monday
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