Stock Trading -or- ReconSWS's Bane

[gabe]

Monday Green

Always is nowadays

It'll be an interesting ride through this year. The market is up so hard right now I can't imagine we don't get beat up later this year, possibly summer.

[RuleOfSines]

I have no idea what I'm doing, but I hopped onto GME while it was on the way up, I gained 56% yesterday

[gabe]

I have no idea what I'm doing, but I hopped onto GME while it was on the way up, I gained 56% yesterday

The entire culture surrounding stock trading right now is summarized in this statement.

[Axel]

I have built an outsize (for me) stake in NAVI as motivation (read: "screw you") while we pay off my wife's student loans. It's not an exciting growth stock, but I buy the dips, built a decently low average cost, and it pays a solid 5-6% dividend.

Today it exploded 11% and counting and I have no idea why.

Yeah, I agree with gabe 100%

[lrrpie]

EMAN's Q3 ER is also tomorrow at 9 AM ET. Keep eyes on it.The outlook is highly bullish. I posted some DD a few posts back in case you're interested in a quick summary, I don't usually play ER's but I'm glad I played EMAN during the Q2 ER, it went from 1.30 to 2.00 that day ( 1.90 intraday, 2 after hours) This is the only small-cap I'm playing with cash. We look poised for tomorrow. Accumulation has been bullish for months. Our Stochastics which has been our most accurate and telling momo indicator is coiled with a bullish %k crossover and ready to uptrend. We are at a “breakout with volume” phase which bodes real well. And its trading above the 50 DMa alongside the macros / markets. Has been following the macros to a large extent which is bullish for a small cap. Most small caps have broken & shot to hell and back pump and dump charts.

You sure as shit nailed that one. The MACD for 11/11 was a big flashing indicator for the move up.

[JCC]

Bought a little NKLA when they were hammered with all the bad press couple weeks ago. Seemed like the news could not get much worse and the news cycle moves on so fast and all would be forgotten. Couple weeks later easy 60% up.

[gabe]

You sure as shit nailed that one. The MACD for 11/11 was a big flashing indicator for the move up.

Please do not remind me. I bought at $1.50 then it tanked to $1.20 and lower for a bit before I admonished myself for taking advice from strangers on the internet and sold it at a loss. Now it's up over 100% damn.

I'm bullish on the gun industry and specifically VSTO in the short term. I think with the massive backlog on ammunition (mainly manufactured by VSTO and it's holdings) that the earnings report is going to be very favorable.

But yeah, everything is just going up like a balloon. This environment has me very nervous as valuations are totally out of whack and I think it's time for an abundance of caution.

[the_matrix_guy]

You sure as shit nailed that one. The MACD for 11/11 was a big flashing indicator for the move up.

Thanks. Im sitll in it. PT is $5 for 2021

[gabe]

Okay that's it. I gave in and bought the 2.50 call on EMAN for September. Gives me some leverage without having to buy the stock in it's entirety. I really wanted to buy a LEAP that's in the money but the lowest strike was 2.50.

I'm not missing out this time. Let's pump this stock to the moon boiiii

*edit*....well that went ITM with a quickness. TO THE MOON!!!!!!!

[Siress]

buddy of mine said GME is 100% shorted right now. Tomorrow morning is going to be a roller coaster.

[Boddah2]

Anyone been riding these skyrocketing stocks?
I was going to buy into game stock but thought it was topped. Boy was I wrong! I managed to scoop AMC and blackberry and hold them just long enough not for a nice return. We will see what’s up for tomorrow!!


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[RuleOfSines]

Anyone been riding these skyrocketing stocks?
I was going to buy into game stock but thought it was topped. Boy was I wrong! I managed to scoop AMC and blackberry and hold them just long enough not for a nice return. We will see what’s up for tomorrow!!


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Yep, making more monopoly money in stocks than I am at work right now, interested to see how it pans out, and how everyone will exit GME.

[Siress]

I don't have enough of a security blanket, or enough time, to ride these stocks. Someday, though... someday.

I'm hoping that tomorrow GME plateaus at $420.69 for an hour or more, then resumes insane volatility.

[Axel]

Nice. Nice.

[autococker04]

I sold off everything I had on RH for GME (late to the game) and BB (caught it at $9). I’m not experienced or knowledgeable in any way, and don’t have much in. But man was today fun.

[eddie]

I'm jumping in tomorrow. Very excited/nauseous

[autococker04]

Robinhood gave everyone the Judas treatment and now you cant buy GME or BB. Now I'm just along for the ride.

[eddie]

Or AMC and Nokia. Rules only apply to people who dont own yachts