Author Topic: Stocks  (Read 1179550 times)

Offline ExGingi

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Re: Stocks
« Reply #4720 on: June 22, 2020, 02:08:14 PM »
https://www.bloomberg.com/opinion/articles/2020-06-22/stock-market-s-wild-mood-swings-can-be-explained-by-mr-spock

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Most recently, we've seen this with day traders buying bankrupt companies because their prices are rising while others sell quality holdings at very low prices because others have also done so. Irrational investors create opportunities for those few who recognize this.

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Rather than describing markets as efficient, it is more accurate to describe markets as efficient except when they're not.

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Most investors do not know they don’t know: Most explanations of recent market behavior reflect hindsight bias detailing what everyone now knows. It is rare to hear someone asked a question about a market move and not give a detailed after-the-fact explanation. Few are willing to admit that they really don't know or that many market moves are simply random.

Here, Mr. Spock is quite different. He often notes his lack of understanding with a simple response of “fascinating.” His logic and ego control allow the admission of not knowing. He is subject to the Dunning-Kruger effect much less than most. Investors often get into trouble when they imagine they have an understanding about things they don't.

If only we could get scientists/medical professionals to be that honest.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline shwarmabob

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Re: Stocks
« Reply #4722 on: June 24, 2020, 11:38:47 AM »

Offline Lurker

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Re: Stocks
« Reply #4723 on: June 24, 2020, 11:47:33 AM »
Anyway, so what is it? 2000 or 2008 all over again?

Combo of 1929, 2000, and 2008, with a side of 1918 pandemic, a couple of helpings of 1960's social unrest, and a dessert of 2020 media. Also, a puppet president with a super-progressive VP on the horizon.
Failing at maintaining Lurker status.

Offline ExGingi

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Re: Stocks
« Reply #4724 on: June 24, 2020, 12:24:16 PM »
Been there for several years now. All but given up on it. Now getting close to break even.

Lightened-up my position in INO yesterday to get back my basis, so it's a free ride now. Is there any real news or is this just a Robinhood effect yesterday and today? I'm considering a trailing stop, but can't figure where to place it in this crazy volatile market.
« Last Edit: June 24, 2020, 12:32:44 PM by ExGingi »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Lurker

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Re: Stocks
« Reply #4725 on: June 24, 2020, 12:30:53 PM »
Lightened-up my position in INO yesterday to get back my basis, so it's a free ride now? Is there any real news or is this just a Robinhood effect yesterday and today? I'm considering a trailing stop, but can't figure where to place it in this crazy volatile market.

DoD contract apparently signed yesterday.
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Offline Abey

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Re: Stocks
« Reply #4726 on: June 24, 2020, 03:20:22 PM »
Lightened-up my position in INO yesterday to get back my basis, so it's a free ride now. Is there any real news or is this just a Robinhood effect yesterday and today? I'm considering a trailing stop, but can't figure where to place it in this crazy volatile market.
The vaccines game is purely a guessing game with every little tidbit causing a jump, and no a 70 mil DOD contract does not justify a 1B increase in valuation. I did get in on the pump and dump though 😉😉

Online cgr

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Re: Stocks
« Reply #4727 on: June 24, 2020, 09:28:54 PM »
I have a LinkedIn connection- a guy I used to work with. He worked in the customer service department answering phone calls all day for ~40k a year. He just updated his profile with his new position: Equity Trader. Start date: Apr 2020.

This is what the Apr-Jun "rally" is about. A few million unemployed "equity traders". Dont know if I should laugh or cry at the ridiculousness.

Offline ExGingi

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Re: Stocks
« Reply #4728 on: June 24, 2020, 09:39:22 PM »
This is what the Apr-Jun "rally" is about. A few million unemployed "equity traders". Dont know if I should laugh or cry at the ridiculousness.
And quite a few better off financially (due to stimulus checks, SNAP, unemployment, etc. with less spending).
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ExGingi

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Re: Stocks
« Reply #4729 on: June 25, 2020, 01:35:11 AM »
I have a LinkedIn connection- a guy I used to work with. He worked in the customer service department answering phone calls all day for ~40k a year. He just updated his profile with his new position: Equity Trader. Start date: Apr 2020.

https://twitter.com/spomboy/status/1275909808215011330

What was that famous story about the shoe shine guy talking about stocks? Are we going to see a 1929 repeat?
I've been waiting over 5 years with bated breath for someone to say that!
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Re: Stocks
« Reply #4730 on: June 25, 2020, 09:51:43 AM »
What was that famous story about the shoe shine guy talking about stocks? Are we going to see a 1929 repeat?

Is it just me or anyone else here think "1929/Black Tuesday" every time they hear the word Robinhood?

Offline CountValentine

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Re: Stocks
« Reply #4731 on: June 25, 2020, 11:12:35 AM »
Only on DDF does 24/6 mean 24/5/half/half

Offline ExGingi

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Re: Stocks
« Reply #4732 on: June 25, 2020, 02:03:10 PM »


Robinhood just brings back memories of the late 90s when everyone was retiring and becoming a day trader. Now it's going to the next level of the minimum wage menial manual laborers talking about it. Now that's 1929!
I've been waiting over 5 years with bated breath for someone to say that!
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Re: Stocks
« Reply #4733 on: June 25, 2020, 02:20:42 PM »
Robinhood just brings back memories of the late 90s when everyone was retiring and becoming a day trader. Now it's going to the next level of the minimum wage menial manual laborers talking about it. Now that's 1929!

True. I just associate it with Robinhood because I "blame" them for bringing it to the minimum wage masses.

Offline good sam

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Re: Stocks
« Reply #4734 on: June 25, 2020, 06:13:17 PM »
Finally some movement on BCLI after positive FDA meeting. Buy now before before approval!
Not too late to get into BCLI gang. Besides for their ALS stem cell therapy which is in Phase III nearing approval, this Israeli company has trials in the works for MS, Parkinsons, and Alzheimers. This is the next generation of biotech.

Thank me later.
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Offline CountValentine

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Re: Stocks
« Reply #4735 on: June 25, 2020, 06:22:06 PM »
Not too late to get into BCLI gang. Besides for their ALS stem cell therapy which is in Phase III nearing approval, this Israeli company has trials in the works for MS, Parkinsons, and Alzheimers. This is the next generation of biotech.

Thank me later.
...and if it goes down?  ;)
Only on DDF does 24/6 mean 24/5/half/half

Offline good sam

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Re: Stocks
« Reply #4736 on: June 25, 2020, 06:24:06 PM »
...and if it goes down?  ;)
Invest wisely. Past performance is no guarantee of future outcome. This is not an offer to sell or a solicitation of an offer to buy regulated securities.
If you don't care why would you comment?
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Offline ExGingi

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Re: Stocks
« Reply #4737 on: June 25, 2020, 06:58:51 PM »
Invest wisely. Past performance is no guarantee of future outcome. This is not an offer to sell or a solicitation of an offer to buy regulated securities.

As wisely as investing in other companies controlled by אנ"ש?
I've been waiting over 5 years with bated breath for someone to say that!
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Offline Shauly101

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Re: Stocks
« Reply #4738 on: June 26, 2020, 10:10:13 AM »
any good reads on Swing trading?

Offline Shauly101

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Re: Stocks
« Reply #4739 on: June 30, 2020, 02:33:23 PM »
As wisely as investing in other companies controlled by אנ"ש?

not so good weekend... down.

meanwhile WKHS went wild from Friday to now. are gonna jump in now?