Investing General Discussion

Shonuff

Shonuff

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Sanrith Descartes said:
It is moving North and the media will play it up like the end of days. Not only do you have to compete against the Shorts, the Hedgies, the Fed, the Algos and HFTs, but we also have to compete with the Press.
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You already know this, but the best defense against manipulation is to be long. Normally, I follow what the big boys are doing and short, but I'm afraid the market will wake up one day and blast me out of position. Something to ponder though.
 
Sanrith Descartes

Sanrith Descartes

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Shonuff said:
You already know this, but the best defense against manipulation is to be long. Normally, I follow what the big boys are doing and short, but I'm afraid the market will wake up one day and blast me out of position. Something to ponder though.
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I never have to worry about getting caught on a short.
 
Sanrith Descartes

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I have a pretty simple strategy for investing. 90% of my money goes to high quality, strong balance sheet companies with a moat. I add to them on weakness. The other 10% I swing trade and blow options.
 
Fogel

Fogel

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I've mentioned before I have a good chunk of change in BCRX, and have been selling a lot of puts on them as well. A buyout has been in the rumor mill for awhile and this just popped up that I found interesting

woodlandreport.com

Amgen's (AMGN) next acquisition, Biocryst (BCRX)

Hypothesis: Amgen is targeting Biocryst for acquisition
woodlandreport.com woodlandreport.com

TLDR AMGN is looking for a rare disease biotech to buyout after a failed buyout of BCRX rival last year. Also recently, the former surgeon general Kenneth Galson joins the BCRX board of directors. He also happens to be head of R&D and strategy at AMGN.

Edit: Kenneth Galson recently retired from AMGN, but was their R&D/Strategy guy for 10 years
 
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Fogel

Fogel

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1630791959465.png
 
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Haus

Haus

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Sanrith Descartes said:
Truth.

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Yeah, that is my lesson I have learned this year in my "learning to invest a little in crypto and the markets" game. I started in march of this year, rode the crypto markets up to the $60k BTC top and then rode them right back down to the point I was down at around -5% on my total PL. Apparently, much like Joe Biden in Afghanistan my pull out plan was not "on fleek".

Now hoping to time/work things better, shaving off some profits every 5% or so my crypto stuff goes up into stablecoins.
 
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ShakyJake

ShakyJake

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Earlier today I stumbled across a YouTube trader that was explaining market psychology and what to look for in chart patterns to anticipate where a stock price might go.

But I left wondering, how does one "find" stocks that exist in the current pattern you're looking for? Is there trading software that can do this? Surely traders don't go around eyeballing random stock charts.
 
Sanrith Descartes

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ShakyJake said:
Earlier today I stumbled across a YouTube trader that was explaining market psychology and what to look for in chart patterns to anticipate where a stock price might go.

But I left wondering, how does one "find" stocks that exist in the current pattern you're looking for? Is there trading software that can do this? Surely traders don't go around eyeballing random stock charts.
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He buys my newsletter.
 
Jysin

Jysin

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ShakyJake said:
Earlier today I stumbled across a YouTube trader that was explaining market psychology and what to look for in chart patterns to anticipate where a stock price might go.

But I left wondering, how does one "find" stocks that exist in the current pattern you're looking for? Is there trading software that can do this? Surely traders don't go around eyeballing random stock charts.
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Long story short.. volume precedes price. You need volume to appreciably move large cap stocks. Volume typically needs some type of catalyst. So I am opening my terminal every morning, looking at top gap movement stocks, reading the news on it for a catalyst, then looking at the chart.

So yes, looking at a lot of charts, but not at all random.
 
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Shonuff

Shonuff

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ShakyJake said:
Earlier today I stumbled across a YouTube trader that was explaining market psychology and what to look for in chart patterns to anticipate where a stock price might go.

But I left wondering, how does one "find" stocks that exist in the current pattern you're looking for? Is there trading software that can do this? Surely traders don't go around eyeballing random stock charts.
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More like they are following the stock and look for patterns. I was using tickeron for pattern recognition for awhile. At the end of the day, if traders are looking for a pattern, it becomes a self fulfilling prophecy. And there is still some subjectivity to it, I've seen people see the same chart differently.

 
Shonuff

Shonuff

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"An average trader makes a trade and feels good. A great trader makes a trade and feels nothing. Be cold and act." Wendy Rhodes, Billions.
 
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Jysin

Jysin

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^^ It's becoming a self-fulfilling prophecy at this point ^^

Monthly options expiry week seems to shake the markets once a month for a while now.
 
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Sanrith Descartes

Sanrith Descartes

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MA
Mastercard to Acquire Open Banking Technology Provider Aiia
MT NEWSWIRES 9:46 AM ET 9/7/2021
Symbol Last Price Change
MA 347.3001down +7.0701 (+2.078%)
QUOTES AS OF 09:46:46 AM ET 09/07/2021
09:46 AM EDT, 09/07/2021 (MT Newswires) -- Mastercard(MA) said Tuesday it has agreed to acquire Aiia, a European open banking technology provider.

Financial terms of the deal weren't disclosed.

Aiia is a licensed payment initiation service provider and account information service provider operating under the supervision of the Danish Financial Supervisory Authority.

Mastercard (MA) expects to close the acquisition by the end of 2021.

Shares of Mastercard(MA) are up 1.5% in recent early Tuesday morning trading.

Price: 346.20, Change: +5.97, Percent Change: +1.75
 
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