Investing General Discussion

Jysin · Jul 18, 2022

Oh I get it, no doubt. It is likely being take as a harbinger of the slowdown economically. If one of the best positioned companies out there is making cuts on staff, doesn't bode well for the pleb companies. Markets are taking this as it should.

ToeMissile · Jul 18, 2022

You mean you don’t get to be one of the best positioned companies by sitting on your ass and assuming you’re going to stay on top? Hmm

Gravel · Jul 18, 2022

What happened to the market was forward looking? Shouldn't this not matter?

Does that only apply for when they ignore good news?

Sanrith Descartes · Jul 18, 2022

Gravel said:
What happened to the market was forward looking? Shouldn't this not matter?

Does that only apply for when they ignore good news?

Nope. This is forward looking. Markets see the AAPL announcement and instant react to the realization that the forward is still getting shitty.

Araysar · Jul 18, 2022

math seems wonky

Edaw · Jul 18, 2022

Araysar said:
math seems wonky

View attachment 422745

Take another look.

Araysar · Jul 18, 2022

Edaw said:
Take another look.

i know there was a split, i just dont understand why it would show a 1849% gain

Araysar · Jul 18, 2022

LOL, gamestop is still at $147. they got a split coming up though. I guess its too "unaffordable" for the average WSB basement dweller

Edaw · Jul 18, 2022

Araysar said:
i know there was a split, i just dont understand why it would show a 1849% gain

Screenshot 2022-07-18 at 15-45-42 What's a stock split and how does it impact cost basis - ACa...png

What's a stock split and how does it impact cost basis? - ACap Advisors & Accountants

If you invest in a growing company over a long period, you will experience a stock split. But what is a stock split and how does it impact your cost basis?

www.acapam.com

Sanrith Descartes · Jul 18, 2022

Araysar said:
math seems wonky

View attachment 422745

Its just split day and the day gain numbers are fucked up. pretty normal when a split happens. it will be fine tomorrow.

Gravel · Jul 18, 2022

Araysar said:
LOL, gamestop is still at $147. they got a split coming up though. I guess its too "unaffordable" for the average WSB basement dweller

View attachment 422746

Yeah, AMC is still way up too. It's fucking sad that had I just held for another couple months I would've probably done quite well. But that shit they pulled with shutting down trading made me want to dump as soon as I could.

And then I rode the money I had leftover from that into the ground with PLTR.

Kuro · Jul 19, 2022

This is the end for computers, I'm investing in Mentats

Gravel · Jul 19, 2022

What the heck happened today? Everyone figuring the Fed is backing down?

Mist · Jul 19, 2022

Gravel said:
What the heck happened today? Everyone figuring the Fed is backing down?

Earnings for big tech are possibly not going to be as bad as feared.

This is "90% of your fears never come true" season I think.

Zog · Jul 19, 2022

Mist said:
Earnings for big tech are possibly not going to be as bad as feared.

This is "90% of your fears never come true" season I think.

Netflix lost a million subs from jacking up the price, saw earnings beat estimate by neutering spending and using stranger things as a list ditch effort to get subs for this quarter.

Liquidity in the market is scarce with huge negative gamma.

Crude oil and Treasury yields still going up. Every move is going to be a big one.

Sanrith Descartes · Jul 19, 2022

Let's take a look under the hood.
Inflation around 10%
A proxy war between the US, EU and Russia 4 months old and counting.
Fed balance sheet is insanely high.
Supply chains still all screwed up.
Partisan divide in the country at an all-time high.
Oil over $100 a barrel.
Russia and China making googoo eyes.

So we have a pretty big list of fucked up negative market externalities.

So far like 80% of companies who have reported have beat earnings. Even with all the shit I listed above.

Maybe we priced in more earnings doom than we are getting. Maybe we have priced in a 4% interest rate and we only top out at 3.75%

Or.... Maybe we drop another 20%. Who knows.

Big Phoenix · Jul 19, 2022

Sanrith Descartes said:
Let's take a look under the hood.
Inflation around 10%
A proxy war between the US, EU and Russia 4 months old and counting.
Fed balance sheet is insanely high.
Supply chains still all screwed up.
Partisan divide in the country at an all-time high.
Oil over $100 a barrel.
Russia and China making googoo eyes.

Tmac · Jul 20, 2022

My homemade indicator seems to be paying off, with three-ish tests in as many months.

But, it would seem the QQQ is now heading back to the moon?

TomServo · Jul 20, 2022

So have some stock about to vest. Should I pay the taxes with cash or let them take stocks to cover it?

Jysin · Jul 20, 2022

Trimming some of my SPY 377 buys here at 396. >6% gain

Puts me solidly green on the year in long term acct.

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