Stocks/Investing

Dukestaco

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#66
Whyd the market go nuts today? I don't really believe its all just hype over a potential stimulus
It dropped 800 points after RBG died because of fears that the new appointment was going to delay the stimulus. A Gary in the wind seems to affect it now and then.
 

theesotericone

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Fredo Baggins
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#69
Whyd the market go nuts today? I don't really believe its all just hype over a potential stimulus
The markets went through a 10% correction in Sept. It's normal for them to go back up after a correction. As long as positive economic data keeps coming in they will continue to rise.
 
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#70
Sounds about right. The jump just seemed like a bit much to me, thought there might have been something else i missed
 

theesotericone

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Fredo Baggins
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#71
Sounds about right. The jump just seemed like a bit much to me, thought there might have been something else i missed
Not that I saw. Once the stimulus talks ramp up again I'd expect a fairly good week. If that doesn't happen in the next 2 weeks I expect the markets to trade sideways until after the election.
 

Dukestaco

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#72
Not that I saw. Once the stimulus talks ramp up again I'd expect a fairly good week. If that doesn't happen in the next 2 weeks I expect the markets to trade sideways until after the election.
I think to tonight’s debate will have an effect as well. If Joey B starts talking about 1979 and his black and white tv then it should go up a bit.
 

theesotericone

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Fredo Baggins
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#73
I think to tonight’s debate will have an effect as well. If Joey B starts talking about 1979 and his black and white tv then it should go up a bit.
Futures dropped like a rock last night. They are back to even, or close, this morning. I don't think Wall Street has any idea what to do with that debate. There was no clear winner and the only clear answer either party gave was "The election will take weeks, maybe months, to decide".
 

Dukestaco

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#74
Futures dropped like a rock last night. They are back to even, or close, this morning. I don't think Wall Street has any idea what to do with that debate. There was no clear winner and the only clear answer either party gave was "The election will take weeks, maybe months, to decide".
That will fuck up the market. Or flat line it.
 

theesotericone

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Fredo Baggins
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#75
That will fuck up the market. Or flat line it.
It didn't though. The markets shrugged it off and where up pretty good by about noon. Then sometime around 2PM EST McConnell said some shit about the sides being "far apart" on a new stimulus deal. I watched the NASDAQ drop 150 points in 5 minutes. I almost dumped some options but rode it out. It recovered about 1/2 of that by close.

You still holding those TSLA shares?
 

Dukestaco

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#76
It didn't though. The markets shrugged it off and where up pretty good by about noon. Then sometime around 2PM EST McConnell said some shit about the sides being "far apart" on a new stimulus deal. I watched the NASDAQ drop 150 points in 5 minutes. I almost dumped some options but rode it out. It recovered about 1/2 of that by close.

You still holding those TSLA shares?
Sold them then bought them again. Making Uncle Sam some money.
 

theesotericone

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Fredo Baggins
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#77
Sold them then bought them again. Making Uncle Sam some money.
Thur or Friday they should release Q3 vehicle delivery numbers. If that number is over 150,000 I expect a 10% rally. I've got options expiring on Friday that are barely out of the money right now. I need TSLA to rally hard in 2 days. If it does I might break even. lol
 

Dukestaco

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#78
Thur or Friday they should release Q3 vehicle delivery numbers. If that number is over 150,000 I expect a 10% rally. I've got options expiring on Friday that are barely out of the money right now. I need TSLA to rally hard in 2 days. If it does I might break even. lol
I am up on Tesla More luck than skill. I have have options for February I’ll probably eat shit on them.
 

theesotericone

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Fredo Baggins
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#79
I am up on Tesla More luck than skill. I have have options for February I’ll probably eat shit on them.
That's far enough out you should be fine. Mine are $450 calls expiring Friday. My breakeven is $491.45. I'm fucked. But I'm up on APPL and NVDA so it won't hurt that bad. I might just exercise 2 of them and write covered calls until earnings on Oct 28th. Two days and a 13% gain to break even is a hail mary even by TSLA standards. lol
 

Dukestaco

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#80
That's far enough out you should be fine. Mine are $450 calls expiring Friday. My breakeven is $491.45. I'm fucked. But I'm up on APPL and NVDA so it won't hurt that bad. I might just exercise 2 of them and write covered calls until earnings on Oct 28th. Two days and a 13% gain to break even is a hail mary even by TSLA standards. lol
No joke on that Hail Mary. 10% rally isn’t going to make it to $491 just short. That sucks. Apple got me but I got it back. It’s a sick game we play.
 
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