Sanrith Descartes
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Investing General Discussion
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Sanrith Descartes
Veteran of a thousand threadban wars
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For anyone curious, FTEC chart. Getting close to the 50-DMA at $132.59. The 100-DMA is $127.98 and I might add some at the 100 if we see it this week.
edit: looks like it bounced off the 50-DMA
edit: looks like it bounced off the 50-DMA
Sanrith Descartes
Veteran of a thousand threadban wars
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MSFT heading toward the 100 DMA of $315.63. It hasn't breached it in a year. Keep an eye on this. if it doesnt bounce above it, we could be looking at multi-month consolidation. Its the second most influential stock in the indexes.
Tmac
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Do you guys ever get worried about the parabolic growth? Like 2014-2016 FTEC growth seemed steady. 2017-2019 growth seems more aggressive. And obviously in 2019/2020 that growth exploded and is close to vertical as far as stonks go.
When do these trends change? Like if the first or second growth angle/trends are normal, do we see a correction? We have to right? Or will it just slow from where it is without a correction?
I guess I should look at 2008-2019 stonks and compare.
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Mist
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Fogel
Mr. Poopybutthole
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Over a large enough timeline, these growth spikes and inevitable corrections aren't an issue. They're only an issue for actively traded stuff, not long term holds. SPY is up almost 50% from the Pre Covid high, and almost 100% if you count the Covid Low. It had a similar rise in the lead up to the 02 dot.com bust and then the 07 housing crash, and within a year or two its recovered.
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Sanrith Descartes
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Asshat wormie
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I would worry about it if I could do something to change it. But I cant so I don't.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Yep, buy on the DMA supports and just own it long term. Just accept stonks can also go down once in a while.
Jysin
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And FB just denied the earlier news leak of their VR/AR OS.
MTTR might pick back up, but it is below all of the support levels right now.
Sanrith Descartes
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Almost any chart today will have the ability to add basics like DMAs. Even websites like Marketwatch or Yahoo Finance...
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Big Phoenix
Pronouns: zie/zhem/zer
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Of course they would.
But considering every vr project that promised to be the next big thing has failed, Id say its likely they actually have.
Blazin
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So many of my divy holdings ripping:
MRK, MPC, CLF, CAH, VZ, MDT all some strong moves up
MTTR sucking wind, PYPL holding up well given the tech drop, DKNG big laggard.
Sold a bunch of covered calls which right now looks like it's going to cost me (opportunity) . THe move up on these names just more aggressive than I was looking for, my CLF and MPC calls are now in the money with 2 1/2 weeks to go. MRK, VZ, CAH all near strike. I don't want to lose them but will have solid returns on anything called away so not exactly upsetting.
MRK, MPC, CLF, CAH, VZ, MDT all some strong moves up
MTTR sucking wind, PYPL holding up well given the tech drop, DKNG big laggard.
Sold a bunch of covered calls which right now looks like it's going to cost me (opportunity) . THe move up on these names just more aggressive than I was looking for, my CLF and MPC calls are now in the money with 2 1/2 weeks to go. MRK, VZ, CAH all near strike. I don't want to lose them but will have solid returns on anything called away so not exactly upsetting.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Closed out my PLTR calls. it was throw-away money on a gamble that failed miserably. Lost about 55%
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Fogel
Mr. Poopybutthole
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I don't think this reflects some new view that AR / VR won't be as big as they'd hoped. They're probably just admitting that iOS / Android / Windows will still be the dominant OSes and its just a waste of resources to try to create their own OS for this future. Meta still investing tons of money into the hardware, they just need to figure out the best way to position their services for the HW inside Android and / or Windows. Maybe the news is affecting MTTR, but I don't think it should.