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05-13-2022, 08:14 AM
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#3901
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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Quote:
Originally Posted by geroge.burns99
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if you have time enough to post on this board, you have enough time to do things much better yourself. i have lots of reasons why i would stay away from these free advisors that financial institutions provide you with.. you can learn this stuff very quickly and will never have to listen to any financial advisor or a person like myself for the rest of your life and you will be a lot happier.
I AM NOT ALWAYS RIGHT
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05-13-2022, 08:29 AM
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#3902
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Here goes the Markets....
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05-13-2022, 08:35 AM
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#3903
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
if you have time enough to post on this board, you have enough time to do things much better yourself. i have lots of reasons why i would stay away from these free advisors that financial institutions provide you with.. you can learn this stuff very quickly and will never have to listen to any financial advisor or a person like myself for the rest of your life and you will be a lot happier.
I AM NOT ALWAYS RIGHT
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The one thing I did right is pull my funds out of Chase.....
I would have been losing more and paying management fees too
And recovery would be much slower with their conservative approach...
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05-13-2022, 10:52 AM
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#3904
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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Quote:
Originally Posted by geroge.burns99
The one thing I did right is pull my funds out of Chase.....
I would have been losing more and paying management fees too
And recovery would be much slower with their conservative approach...
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you did 1 thing right so far, you left JP Morgan. i looked at what they have inside their funds and the way they are structured, it is pure dogshit on every thing i can see in them. i know that people got lucky the last 40 handing their money over to the gang that is supposed to know something more than you do.. i am going to tell you exactly what they know more than you, they know that you are buying or selling their funds that rely on the closing prices. that means they are frontrunning you into smithereens in the long run. i would imagine that they are all the same.
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05-13-2022, 03:21 PM
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#3905
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Educated Speculation
Join Date: Feb 2014
Location: Where Palm Trees Sway
Posts: 914
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Quote:
Originally Posted by geroge.burns99
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What commercial?
__________________
"Horse Sense" is the thing a horse has which keeps it from betting on people.
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05-13-2022, 05:49 PM
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#3906
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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you are going to need at least 3 days to this bounce 4 would be better so that you get a cleared indication. i would be looking for about 12,000 nasdaq. to confirm that this is just a bear market rally you will have to see steady decreasing volume on the way up in the next 3 trading stations. that happens, you can go short and start looking for the April 29th low. then you go from there with the proper volume indicators.
when you look at Apple on a monthly, that looks like a very sick stock that can and probably will go much lower. the other great ones don't look to cool either.
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05-13-2022, 05:57 PM
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#3907
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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my picks for leading the market whenever this bear is over are Silvergate Capital and Perficient.. i wish i had both of these today, but i didn't!
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05-13-2022, 07:29 PM
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#3908
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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the only problem is this bear may be around for years
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05-13-2022, 07:30 PM
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#3909
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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That was kind of a quality move up from the low of yesterday...surprised it sustained itself for that long...they were absolutely selling every single move up lately...except for today...
However, the volume was pretty weak...so...that's sad
Last edited by PaceAdvantage; 05-13-2022 at 07:32 PM.
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05-13-2022, 10:23 PM
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#3910
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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Quote:
Originally Posted by lamboguy
you did 1 thing right so far, you left JP Morgan. i looked at what they have inside their funds and the way they are structured, it is pure dogshit on every thing i can see in them. i know that people got lucky the last 40 handing their money over to the gang that is supposed to know something more than you do.. i am going to tell you exactly what they know more than you, they know that you are buying or selling their funds that rely on the closing prices. that means they are frontrunning you into smithereens in the long run. i would imagine that they are all the same.
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my JP Morgan just hipped me up as to what he does when you decide to go into their innovative strategy. its a lot worse than i ever imagine. the money that you have to buy the strategy is already sitting in your bank account. the wealth management advisor now ships the money over to the trading desk. that trading desk now has discretion for up to 5 days to get you invested.
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05-16-2022, 05:28 PM
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#3911
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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gold had a big day today in the face of the dollar still being so strong. if gold can break $1849, its off to the races.
the other trade i like is in the form of a pair. short the European markets and with the credit go long the United States. the key to this trade would be the currency markets. the dollar has basically gone from 94 to 104 non stop. i am guessing it stops now. it needs to come back inside the 103.820 for the confirmation of this. it will give the equities some kind of lift.
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05-16-2022, 08:57 PM
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#3912
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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this is ral ratpoinson on sterods
but it doesn't matter what i think. i hate the CRYPTO world, but a board member of this company has found $140k to stick in this stock that is already down 84% for the year and does not look to stellar on any chart. but it really doesn't matter what the hell i think, this is all about getting the do, re, mi.... Marathon Digital Holdings is the dirty water today that i went long on at the close today. MARA should get some type of pop
its almost impossible to figure where the S+P is going this week, so i will take a back seat until i get a good signal. i am still thinking the general direction is down, but lots fo mixed or i should say possibly mixed signals coming at you. the way i am looking at it, Gold looks good right this second. now does it mean price is going up because strong buck is going down, or is there something else going on? if the buck goes down, i would say you would get a good S+p bounce.
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05-17-2022, 12:51 AM
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#3913
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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checking our congress, it seems like they are in sell mode, unloading equities hand over fist the past 2 months for a decline in holdings of roughly $100 million.
they are buying inverse ETF's that benefit from a drop in stock prices and there seem to be a few Senators buying big amounts of Rio Tinto.
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05-17-2022, 12:59 AM
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#3914
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,754
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personally, i have become very bullish on the gold miners. if anyone is interested in what i am buying these days, pm me.
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05-17-2022, 11:34 AM
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#3915
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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What a run...lol
I think we've retraced almost 25% of the drop from March...
Anyhoo, I was looking at the long term chart of the VIX today.
During COVID it hit the mid 60s...during 2008 it hit almost 80
It barely broke 30 during this recent downtrend...most major drops pulls it to at least 40+...so if we are indeed still in a downtrend (which we are), we have a ways to go...just sayin'
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