OT: Stock and Investment Thread
- Thread starter RU05
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With a good print the market will moon. Funny you didn't mention that option. LOL!
Regardless, CPI is all that matters (which is Tuesday).
I wonder if by next month the market will be rooting for strong employment numbers because of recession fears.
Good will be good. Right now good is bad (maybe?).
If you were my age, I would call this wussy. But since you are retired, I guess this is okay.
Started a new CURE play today and added to LABU. Health care is ready to rip soon.
Famous last words. Great timing.
That will be coming soon!
Do you have any specific HC plays?
At the right time, I would buy large cap health care and small cap that could become buy out targets. I will give you specific names later (after I have purchased them
).
Right now, I think bad is good.....but not too bad!
The sweet spot is a little below expectations, but not a train wreck #.
Bought more CURE and LABU before the close. In for a penny, in for a pound!Famous last words. Great timing.
At the right time, I would buy large cap health care and small cap that could become buy out targets. I will give you specific names later (after I have purchased them
Got tons of new cash to play with.
Whisper number is +270K. Over 300K would be bad.Right now, I think bad is good.....but not too bad!
The sweet spot is a little below expectations, but not a train wreck #.
To me, there are more and more blue chip companies laying people off.
Hey! I resemble that comment! How’s this for a dichotomy, I own treasuries and crypto.
I just saw an article that Feb had the highest amount of layoffs in a pretty long time. Job growth in the 200's would be fine. I bet the 500+ from last month is going to be revised down.
Are you doing anything with Grayscale (GBTC or ETHE)? The court decision won't come until the fall, but the hearing went extremely well for them.
I don’t own ETHE. I should have sold GBTC when it was solidly positive but I got greedy. Gonna hold it until the legal fog lifts. It’s dead money in my portfolio currently.
Never made anything on GBTC, but made a boatload on ETHE and Galaxy's 2021 pump. Most of that money was moved into my TQQQ play (which is still slightly positive). Fidelity Crypto has been a good platform so far (as I slowly build modest positions in BTC and ETH).
So far so good on my pivot on Feb 6. My short of SPY at 411.00 is coming along nicely. My biggest perma-long position of GE is defying expectations.
Was down a full 60% at the close, down to $106, and then another 20 something percent after hours..... I bought a little at $85.
May $300 TSLA calls that I sold are worth less than 10% of what I sold them for. I closed some of those calls. I plan on closing more in the coming weeks.
Be careful. My friend works for a HF/VC shop called Coatue and they think SIVB is going under.
270k would be bad. Over 300k would result in a huge sellout. Right now more than inflation numbers, jobs report is more important.
Even if they don’t fold, losing so much in deposits will hamstring them for years and yeard.
We’re in a very interesting time in the markets.
An interesting development would be if the employment market starts to roll over yet inflation remains sticky .
Super tiny position.
Was reported that $80 was the price of the secured offering. So hopefully some support around this level.
CPI headline will be under 3% by the end of the summer. The only thing that is "sticky" is the stupid math of these government BS metrics. High inflation has been gone for months.
I guess this is positive:
The lender on Wednesday launched a $1.75 billion share sale to shore up its balance sheet and navigate declining deposits from startups struggling for funds amid increased spending.
Are you happy with that trade? It was covered calls which means you are still down 15% net of the call prem.
Wrong term. Now is the time to buy the dip. The next halfing is in about a year. Plenty of time to be patient and slowly build positions.
I would like to see a bigger dip with BTC and ETH, but with months of awful news and numerous bankruptcies, both have held up remarkably well.