OT: Investing/Stocks/Bonds/Mutual Funds/Crypto

Post #481 » by **MickeyDavis** » Mon Feb 22, 2021 3:40 pm

My HPST had a nice 40% jump early, from .50 to .70 before settling down in the .50's. I have a sell order for half my shares at .75. Otherwise it looks like a treadmill day for me

BucksFanSD · Post #482 » by **BucksFanSD** » Mon Feb 22, 2021 3:46 pm

Travel industry jumping again. Investors continue to respond to the great COVID numbers.

midranger · Post #483 » by **midranger** » Mon Feb 22, 2021 5:01 pm

vegaspacker wrote:
Stannis wrote:
midranger wrote:Any love for HCMC?

Have a friend chatting about that one. Apparently a billion dollar IP lawsuit against big tobacco.

That's up like 10,000% for the year lol.

I can't touch it now. Maybe it can still go up at 0.005 a share. It has meme potential, but I got a bunch already.

BOTY (Lingerie Fighting Championship) and Major League Football.
I am in on HCMC, also.....

I hit you guys up with IQST, jump on that train with me.

Glad I grabbed some!

jschligs · Post #484 » by **jschligs** » Tue Feb 23, 2021 1:37 pm

Market is showing some anxiousness ahead of Jerome Powell’s testimony. With bond yields rising so fast he’s in a tough spot, this will be an interesting Tuesday and Thursday. Anyone day trading be warned.

These are the weeks I just hide my Fidelity app and don’t look.

Post #485 » by **MickeyDavis** » Tue Feb 23, 2021 1:46 pm

Definitely shaping up to be a red day for me

BucksFanSD · Post #486 » by **BucksFanSD** » Tue Feb 23, 2021 2:04 pm

NASDAQ pulls back again.

Stannis · Post #487 » by **Stannis** » Tue Feb 23, 2021 2:19 pm

Still DCAing here. I don't think this has dipped enough to buy more.

I'm a tech guy, so I'll use the QQQ as an example. It's at 316 right now. 338 is the high which was last week. That's like 7% drop. Significant drop, sure. But I wouldn't call it a big opportunity.

jschligs · Post #488 » by **jschligs** » Tue Feb 23, 2021 2:30 pm

MickeyDavis wrote:Definitely shaping up to be a red day for me

This has been a red month for me. Since about February 10th I've had 1, maybe 2 green days.

midranger · Post #489 » by **midranger** » Tue Feb 23, 2021 2:39 pm

Got out of half my FRX at 17 yesterday. It’s dropped like a rock since.

HaroldinGMinor · Post #490 » by **HaroldinGMinor** » Tue Feb 23, 2021 2:45 pm

Gonna be a good day to pick up some sectors at a nice discount (e.g. weed, alt fuels)

Post #491 » by **MickeyDavis** » Tue Feb 23, 2021 2:54 pm

Could be a good day to buy the blood, my four "fun" stocks are all taking a beating today, trying to decide what to do.

BucksFanSD · Post #492 » by **BucksFanSD** » Tue Feb 23, 2021 2:59 pm

I juat sold a lot of the recent gains in airlines, cruise, and hotels to put in tech today. Will ride tech out now but still own some travel stocks i bought end of January.

BucksFanSD · Post #493 » by **BucksFanSD** » Tue Feb 23, 2021 3:07 pm

midranger wrote:Got out of half my FRX at 17 yesterday. It’s dropped like a rock since.

That must feel good, especially at a time like this. I didn't pull the trigger on FRX. That ended up being a nice, fast reward.

jschligs · Post #494 » by **jschligs** » Tue Feb 23, 2021 3:27 pm

BucksFanSD wrote:
midranger wrote:Got out of half my FRX at 17 yesterday. It’s dropped like a rock since.

That must feel good, especially at a time like this. I didn't pull the trigger on FRX. That ended up being a nice, fast reward.

My average cost on FRX is low enough I'm holding for a while. I really like it long term.

Was feeling spicy this morning and bought a SPY put on open. Sold for quick gains. Bought a call, holding for more gains. Needless to say I'm addicted.

Post #495 » by **MickeyDavis** » Tue Feb 23, 2021 3:34 pm

I'm still interested in FRX, I just need to pick an entry point and get a limit order placed. It dipped close to 12 this morning before rebounding. I keep waffling and I guess if you aren't 100% sure it's best to stay out.

Cash is a position

BucksFanSD · Post #496 » by **BucksFanSD** » Tue Feb 23, 2021 4:07 pm

Market responding well after the latest sell off. Hopefully a sign of more normality soon. Interest rates have risen some, but hopefully will sit put for a while.

Edit: I may have spoken too soon.

jschligs · Post #497 » by **jschligs** » Tue Feb 23, 2021 9:09 pm

Disclaimer: I'm heavily simplifying a very complex topic for the sake of keeping this post brief.

Folks, close your trading app. Take a deep breath. Relax. This is not the apocalypse. This is not the armageddon.

Before I get into what's happening, here is a bit of perspective: Even with yesterday's selloff, NASDAQ ended at 13,533. I can't see what the index is like pre-market, but QQQ is down 1.35% as I write this. So let's assume it opens 13,350.

That's still 280 points higher than the post-January selloff (low of 13,070). That's also still 462 points higher than December 31st (we closed at 12,888). In %, that's 2.14% and 3.58% higher, respectively.

Now I know that a lot of you are trading on highly volatile stocks (looking at you, CRSR and PLTR), so obviously they are hit much harder than NASDAQ. That's the nature of the beast. Volatile stocks = large swings, both up and down. Welcome to the flip side. I have some of those in my portfolio, and also some defensive and cyclical stocks. It sucks those volatile positions deep in the red. I know how you all feel.

Now, what's happening?

Treasury yields are rising. That's what's happening. There's obviously more to it (I.e.: vaccination seems to be going relatively well, Biden's stimulus, etc.), but that seems to be the catalyst. In fact, the 10-year yield rose to its highest level in the last year, at 1.37%. That's a good thing: Rising yields are a sign of economic recovery and increasing economic activity. It's a good thing.

Why are yields rising if interest rates remain low? Because of one of the fundamentals of yields: As bond prices rise, everything else being equal, yields will drop. And the inverse is also true. As bond prices drop, yields will rise. And right now, bond prices are dropping. People are becoming more and more optimistic about the prospect of recovery, with Biden's stimulus and with the vaccination that is (once again, relatively) going well. So they are exiting "safe" investments with lower yields in favor of riskier investments with higher yields: junkier bonds, stock market and alternative investments.

Wait, if rising yields are a sign of people exiting the bond markets to go towards the stock markets, why are prices dropping????? Great question, and my answer is twofold: (1) NASDAQ is not even in market correction territory, Chill. It closed roughly down 5% from all time highs yesterday. (2) Look at S&P500 and DIJA. DIJA is a winner in this, and S&P is barely phased.

So back to my explanation, people are leaving bond markets for markets with higher potential returns, and the stock markets is one of them. Now, the reality is that rising yields are not always immediately good for markets, especially overheated markets like NASDAQ: This can spook a lot of investors and cause a selloff, which is essentially what's happening right now. This doesn't mean, however, that the apocalypse is upon us. Remember one of the reasons why the markets have skyrocketed so much in the last year: Actual interest rates, not yields, are near zero, and will remain near zero for the foreseeable future. This is crucial. New bond issuance will still have **** for yields, this isn't changing.

What should we do? That's entirely up to you. I'm no financial advisor. I'm no expert. Take everything I say with a massive grain of salt. I'm no expert. But really, I'm barely doing anything. I'll be taking a page from Cathy's book: keeping a close eye on when this new craze slows down, sell some of my "safer, less impacted stocks" to raise cash and buy the ones that were hit hardest.

Best thing I've seen so far was from Reddit (and no, no wallstreetbets haha) on what is going on. I'm not too worried.

Post #498 » by **MickeyDavis** » Tue Feb 23, 2021 9:25 pm

My HPST went green at the end but that's it. And I didn't buy any dips today.

StickeeFingaz · Post #499 » by **StickeeFingaz** » Tue Feb 23, 2021 9:37 pm

I’m going to dip my toes into the NBA Top Shot waters. Wasn’t able to get a pack last night but hopefully next drop. This is really blowing up.

WeekapaugGroove · Post #500 » by **WeekapaugGroove** » Tue Feb 23, 2021 10:25 pm

StickeeFingaz wrote:I’m going to dip my toes into the NBA Top Shot waters. Wasn’t able to get a pack last night but hopefully next drop. This is really blowing up.

I posted about a week ago. It's been a wild ride, when I got in guys like Giannis series 2 were going for $20 and at there peaks yesterday were going for $425+. I spent about $200 buying moments on the marketplace those first couple days and got lucky and got a pack last night for the first time. Thought it was an unlikely pack because I only got Garland, serge, and barton but I guess there is a contest going where you get a special card for having certain moments and Barton was inflated so quickly flipped that for $320 and the serge for 30 (I have no faith non stars will hold value). With my buying selling I'm sitting with a ballance of about twice what I put in and have 12 moments I got for cheap but now range from like 80-400.

It's been fun, but I grew up collecting cards so I'm definitely in the demo who legit think it's a cool idea. The marketplace is wild right now with big swings. Lots of speculating so I do think you'll see some crash at some point. I worry a little too many people came too fast and the beta site isn't ready, it certainly behaves like a beta site with outages and other ****. With that said I do see a path where this could at least equal the physical card market so could have some long-term value. The user growth is crazy and they haven't even really rolled it out yet.

Personally I'd recommend playing for fun and definitely try to get lucky and snag a pack. There's money to be made in the flip game but as I was saying some type of major correction could happen.

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