Investing General Discussion

Blazin said:

Going to need a time machine to change my $18 cost basis with a $8.50 cost basis please.

Remember when it was $37.60 and we didn't sell. Pepperidge Farms remembers

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I'd have to pull up my trades, but I was swing trading MTTR before you guys were playing with it here. I made plenty, but didn't get that big move towards the end. Been out of the name for a while.

Logs show:

No one talking about the 6 red consecutive 5min candles on the SPY?



*edit: and QQQ flipped red on the day

Blazin said:

Don't include me in the "playing with it". Still not playing with it, it's a long term investment that in years and years ahead its going to become a more important company in a changing world. Sure after a big decline I wish I had bought lower who wouldn't. But for where I want it to go it's meaningless to worry about if you paid $8 or $18. I'll be buying more if we hit $8 that would probably be my last touch of it other than a response to results.

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Didn't mean anything by it bud. Just from the sense that I was in and out before it was talked about on here and I've kept away (aside from some scalp day trades).

I have this name on my radar too, but just need the markets to play ball. These type of names are being destroyed right now. Inflows aren't in these names. They will be, but when is anyone's guess. As you said, long enough time horizons shouldn't matter. But if the market does want to leg down again from here, I want my capital ready to go into immediate cash generation.

Jysin said:

No one talking about the 6 red consecutive 5min candles on the SPY?

*edit: and QQQ flipped red on the day

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Makes sense I guess to people that understand options... Too much Gamma.

If its down, you know its going up...if its up, you know its going down.

Its all on apple... if Apple cant get people to sell their shorts then we will continue to chop with options shenanigans.

My energy ETF I bought back in on Monday is up almost 9% since then. For a minute I thought I could sell and almost match inflation. Err scratch that, inflation so far.....

Call me paperhands McGee, but for the sake of transparency, I halved my big SPY position on the break of ~436 low when we failed again. 425-428 is the big support zone, which I will put half of the half back on. Failing that seems like a direct shot to ~400 and I will have a lot more to play with.

I'm just readjusting my cost basis positioning for the next leg down. (Which may not even come!) I feel a lot better with 40% invested right here in this precarious macro environment vs 75%.

Bring the pain!

Yeah the economy is growing at the fastest rate since the early Reagan years, just heard that on the radio. If I run over 4 people, do CPR on 2 and they live. I have a 50% life saving rate yah!!

Just in a passanger seat today watching for the most part.

TSLA is going to find the 200D at this rate.