Blazin
Creative Title
- 6,412
- 33,663
just holiday, overall price action, 4h RSI really needing to cool off. Bears really dropped the ball on the last low, 420 test and possible breakout has become "base" case near term
- 1
Investing General Discussion
- Thread starter Furious
- Start date
Big Phoenix
Pronouns: zie/zhem/zer
- 44,749
- 93,541
Aldarion
Egg Nazi
- 8,952
- 24,490
A question because I want to understand how bankrupt stocks work. Not because I want to buy AVYA. (I don't do half measures -- when I want to light money on fire I just invest in natgas)
AVYA is up 1350% again today. Fidelity hasnt allowed trades in AVYA since they declared bankruptcy the most recent time. How do bankrupt, untradable stocks like this rise and fall? Is there some broker out there thats like "lol whatever sure you can buy some AVYA"? Is it some kind of trade happening outside of the usual (individual investors making trades through a broker)?
Just curious. Thanks!
AVYA is up 1350% again today. Fidelity hasnt allowed trades in AVYA since they declared bankruptcy the most recent time. How do bankrupt, untradable stocks like this rise and fall? Is there some broker out there thats like "lol whatever sure you can buy some AVYA"? Is it some kind of trade happening outside of the usual (individual investors making trades through a broker)?
Just curious. Thanks!
- 1
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,519
- 107,591
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,519
- 107,591
How can you not trust what the Federal Government says. Look how accurate their jobs reports are.
- 1
Edaw
Parody
- 12,338
- 79,167
- 2,781
- 6,488
As I recall it I think I just posted some pics of gold I bought. It is cool to touch, anyway! And who doesn’t like some classic 80s krugerrands. At least uh…I’m up like $300 an ounce on gold. Silver not so much. Metals should only make up a very small part of anyone’s portfolio at best.We should have all listened toJackie Treehorn and bought gold.
- 4
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,519
- 107,591
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,519
- 107,591
- 10,533
- 54,330
The 100D average looks like it's juuust about to cross the 200D for QQQ. Is this the fabled golden cross that
Blazin
recently prophesized??
Biblical tongue-in-cheek hyperbole aside, the overall chart action sure is pointing towards the bulls taking over. Yet I still see a lot of people talking about underlying issues that will royally buttfuck the banking system, the economy, the price of oil, inflation, and several other subjects that are currently escaping me but are big negative indicators.
I really want to follow the chart action, but it sure seems that chart action can also pivot inside of an hour and then keep cascading.
I guess what I'm trying to say is:
Blazin
recently prophesized??Biblical tongue-in-cheek hyperbole aside, the overall chart action sure is pointing towards the bulls taking over. Yet I still see a lot of people talking about underlying issues that will royally buttfuck the banking system, the economy, the price of oil, inflation, and several other subjects that are currently escaping me but are big negative indicators.
I really want to follow the chart action, but it sure seems that chart action can also pivot inside of an hour and then keep cascading.
I guess what I'm trying to say is:
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,519
- 107,591
The 100D average looks like it's juuust about to cross the 200D for QQQ. Is this the fabled golden cross that
Biblical tongue-in-cheek hyperbole aside, the overall chart action sure is pointing towards the bulls taking over. Yet I still see a lot of people talking about underlying issues that will royally buttfuck the banking system, the economy, the price of oil, inflation, and several other subjects that are currently escaping me but are big negative indicators.
I really want to follow the chart action, but it sure seems that chart action can also pivot inside of an hour and then keep cascading.
I guess what I'm trying to say is:
"Yet I still see a lot of people talking about underlying issues..."
This will never go away. Trade what the data is telling you. Failing that, trade the opposite of whatever Cramer says.
ps... SPY volume was about 2/3rds normal. As Blazin predicted, this is a light volume week.
- 1
- 1
- 10,533
- 54,330
Ya, I agree with you intellectually. It's just REALLY difficult to turn off that in(e?)ternal pessimistic voice constantly yammering about "this is IT! You dumbass! Nice move not selling at -obvious 20/20 hindsight spot-!"
Which is totally NOT happening right now regarding BOIL. Nope. That voice is saying: "Ya, it's bad now, but just IMAGINE when it goes back to 15/20/40!!
"When back here in reality, NG is likely going to negative rates like oil during the first months of COVID. Stupid Chinese weather machines making Europe warmer this winter...
- 1
- 1
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,519
- 107,591
Agree. Truly the hardest part of investing is tuning out the noise.Ya, I agree with you intellectually. It's just REALLY difficult to turn off that in(e?)ternal pessimistic voice constantly yammering about "this is IT! You dumbass! Nice move not selling at -obvious 20/20 hindsight spot-!"
Which is totally NOT happening right now regarding BOIL. Nope. That voice is saying: "Ya, it's bad now, but just IMAGINE when it goes back to 15/20/40!!
When back here in reality, NG is likely going to negative rates like oil during the first months of COVID. Stupid Chinese weather machines making Europe warmer this winter...
Rod-138
Trakanon Raider
- 1,139
- 888
A few weeks ago I decided to buy an IPO just because I hadn’t in like …5 years.
Bought the Bullfrog (bfrg) because it had the coolest name and after getting stomped for weeks I received the message from my coworker that was dumb enough to buy it with me “the frog is back on the Lilly pad!’
I don’t condone these boneheaded moves with anything more than gambling money, but man it’s fun to watch your baby frog come to life again.
Bought the Bullfrog (bfrg) because it had the coolest name and after getting stomped for weeks I received the message from my coworker that was dumb enough to buy it with me “the frog is back on the Lilly pad!’
I don’t condone these boneheaded moves with anything more than gambling money, but man it’s fun to watch your baby frog come to life again.
- 2
- 1
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,519
- 107,591
From a personal perspective I hope TD goes belly up because of what they did seizing the Trucker's bank accounts on Trudeau's request.
finance.yahoo.com
Toronto-Dominion Becomes Biggest Bank Short With $3.7 Billion on the Line
(Bloomberg) -- Turns out, the biggest short in the banking industry anywhere in the world isn’t in Switzerland or Silicon Valley, but rather, in the relatively tame financial center of Canada.Most Read from BloombergWarner Bros. Nears Deal for Harry Potter Online TV SeriesChina’s Yuan Replaces...
- 6
Sanrith Descartes
Veteran of a thousand threadban wars
- 41,519
- 107,591
I sold half my FTEC so I could move the money over to the SPY and I have been patiently waiting for that inevitable dip back down under 4000. I am just selling ultra short duration out-of-the-money puts on it while I wait.
- 1