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The stock market thread Part II (The GME Phenomenom)

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dortt

Registered User
Sep 21, 2018
5,341
2,685
Houston, TX
and inflation is still rip roaring

Until the fed gets serious about rate hikes (since Congress cannot stop itself from spending more), inflation is going to be a major concern

Double digit rates next year

Fine by me, I'm mostly in cash and would do well in that scenario
 
Fixed to Ruin

Fixed to Ruin

Come wit it now!
Feb 28, 2007
24,304
27,589
Grande Prairie, AB
dortt said:
and inflation is still rip roaring

Until the fed gets serious about rate hikes (since Congress cannot stop itself from spending more), inflation is going to be a major concern

Double digit rates next year

Fine by me, I'm mostly in cash and would do well in that scenario
Click to expand...

I don't agree with that. They can't hike much more than they already have, the politicians aren't going to like allocating more and more towards debt repayment. Most people live off of debt and rising rates will crush them and therefore the economy. I can't see a world where interest rates go past 5%.
 
ItsFineImFine

ItsFineImFine

Registered User
Aug 11, 2019
3,705
2,375
Very much feels like a recent rally in a bear market and it's going to go back down hard. News like 'best month since pandemic began' makes me more bearish if anything.

I kind of hedge both ways by increasing cash position while holding some very risk-on assets like btc or uranium and copper stonks but overall more conservative than bullish right now. I guess if S&P starts to trend back down to 365ish or lower then I'd for sure start heaping back into a broad market-based index.
 
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Jiminy Cricket

Jiminy Cricket

#TeamMeat
Mar 9, 2014
2,188
2,108
My boy Cash Gumbleton know`s what the hell he is talking about. He is a big name on Wall Street, he is alway`s playing the stock market. 9 Time`s out of 9, Cash is correct. That is how he make`s over 100 grand per year. I Alway`s get my stock tip`s from Cash, easy money. :yo:
 
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The Crypto Guy

The Crypto Guy

Registered User
Jun 26, 2017
27,829
35,991
Jiminy Cricket said:
My boy Cash Gumbleton know`s what the hell he is talking about. He is a big name on Wall Street, he is alway`s playing the stock market. 9 Time`s out of 9, Cash is correct. That is how he make`s over 100 grand per year. I Alway`s get my stock tip`s from Cash, easy money. :yo:
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stfu
 
Jacob

Jacob

as seen on TV
Feb 27, 2002
50,014
26,268
milwaukee said:
I like BBBY & standard lithium
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Good enough for me.

Jiminy Cricket said:
My boy Cash Gumbleton know`s what the hell he is talking about. He is a big name on Wall Street, he is alway`s playing the stock market. 9 Time`s out of 9, Cash is correct. That is how he make`s over 100 grand per year. I Alway`s get my stock tip`s from Cash, easy money. :yo:
Click to expand...
I get my tips from Poverty Cripplehof but he’s always steering me wrong.
 
SoulOnIce

SoulOnIce

Registered User
Sep 12, 2009
353
80
Bought the dip on bbby around $5, but easy to say now that I didn’t buy enough.

Not invested in pltr but saw it dipped. Clov beat on earnings but down in afterhours.
 
puck stoppa

puck stoppa

Registered User
Jul 5, 2011
12,958
6,637
Winnipeg
Glad I doubled my positions in Riot, Rsi and DKNG a month ago. Now let’s see some action the second half of the year! @CRAZY_FAN, you still around? You holding the gambling stocks?
Any regulars left out there?
 
McGarnagle

McGarnagle

Yes.
Aug 5, 2017
29,963
40,877
TSLA is doing a 3-for-1 stock split. Do we expect movement from this or is it baked in?

Doesn't really matter to me since I'm long on it anyway. Haven't followed the news as much as I used to because my time horizon is far off.
Edit: Adding some anyway just for the sake of it
 
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Club

Club

zach benson real estate.
Mar 2, 2015
6,265
2,637
Calgary
Curious what y'all holders think BBBY could possibly go to? I bought 6 shares at 7$
 
SoulOnIce

SoulOnIce

Registered User
Sep 12, 2009
353
80
milwaukee said:
Curious what y'all holders think BBBY could possibly go to? I bought 6 shares at 7$
Click to expand...
If you’re only holding six shares, may as well see how crazy things can get. 60+? But no one really knows, it doesn’t got many comparables. Are shorts in better shape then when Gme surprised them? That got to 400+ in premarket before they turned the buy button off on people.
 
Club

Club

zach benson real estate.
Mar 2, 2015
6,265
2,637
Calgary
SoulOnIce said:
If you’re only holding six shares, may as well see how crazy things can get. 60+? But no one really knows, it doesn’t got many comparables. Are shorts in better shape then when Gme surprised them? That got to 400+ in premarket before they turned the buy button off on people.
Click to expand...
Did some reading and with the way wallstreetbets and inverse Cramer social media is taking off. I could see it slowly hitting 200+. I am definitely buying 10-15 more shares tomorrow with the way it absolutely soared today. Personally I think 60 is a possible floor. Markets been manipulated for years, f*** Robinhood too btw.
 
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EXTRAS

EXTRAS

Registered User
Jul 31, 2012
9,121
5,654
Sounds like the bank of Canada is going to end rate hikes this september...Sounds like a bad idea to me
 
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