EPTTrading/Investing Thread - Page 71
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Vivax
22041 Posts
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{CC}StealthBlue
United States41117 Posts
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DoctorHelvetica
United States15034 Posts
On May 20 2021 02:45 {CC}StealthBlue wrote: So Square Space was listed on the exchange today, and immediately went into the red as of this post. Think tech industry is due for a massive correction or whatever it's called. Especially if Crypto continues to slide. I hope it keeps sliding so I can keep buying. SquareSpace might as well sell horses , mobile is all that matters. I think you’re mistaken to look at tech as a singular category, if you’re bullish on a business for what it is then buy it | ||
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{CC}StealthBlue
United States41117 Posts
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Emnjay808
United States10657 Posts
I have a humble position on DOGE as well. Nice to see potential good news | ||
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{CC}StealthBlue
United States41117 Posts
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Emnjay808
United States10657 Posts
Can someone explain why “halts” happen? Liquidity issue? | ||
KwarK
United States42969 Posts
On June 03 2021 01:26 Emnjay808 wrote: I bought back into AMC fuckkkkk Can someone explain why “halts” happen? Liquidity issue? It’s not an actual lack of liquidity so much as a theoretical one. Let’s say the stock usually trades for $10. On either side of $10 there will be limit buy and sell orders with cash/stock frozen as collateral so those orders can be filled. If I dump all of the stock regardless of price then I’ll probably fill all of the $9.50 orders and keep dumping until I find someone who put a giant order up for all the shares anyone would sell at $0.50 or whatever. So there is a buyer and a seller and they’ve found a price at $0.50. But the theory is that there’s also probably a lot of people who would be interested in buying at $5/share, given it usually trades at $10, but those people didn’t have open orders up because they didn’t know they’d have the chance to buy at $5. So when mass buys/sells destroy all the limit orders already existing at a reasonable price and move towards the absurdly priced ones they pause trading to give an opportunity for new sellers/buyers who previously didn’t have limit orders placed to get involved. | ||
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LegalLord
United Kingdom13775 Posts
I'm doubly surprised that this has lasted as long as it did. The people who bought long-dated puts may indeed end up eating their shorts on this one. | ||
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FreakyDroid
Macedonia2616 Posts
On May 12 2021 17:39 Simberto wrote: The main problem i have with crypto is that it is unethical bullshit. You waste lots and lots of energy on useless calculations because you hope to sell the result of those useless calculations for a lot of money to some sucker who thinks he can sell it to some other sucker for even more money. And that in the middle of an ongoing climate crisis. There are different crypto projects, the older ones like BTC that use PoW and are Gen1 blockchains are very ineffective, but there are Gen 2 and 3 blockchains (which use PoS) that use fraction of the energy that BTC uses and even lower power consumption that traditional financial systems. I guess you could say BTC uses useless calculations, but the newer blockchains in essence are software protocols for automation, so their calculations are far from useless. They provide a decentralized, trustless framework to build applications with which you can create Smart Contracts. The technology behind some of the crypto projects is nothing short of brilliant, but the problem with crypto is that the narrative is very focused on Bitcoin, the price of Bitcoin and how eco unfriendly it is. Once we start talking about the technology, the fundamentals and the practical applications of the crypto projects and how they can improve the way we do finance, insurance, etc etc, perhaps then we can start having more meaningful discussions and start evaluating the crypto space on a more grounded level. For the last decade its all been just endless speculation, FUD, FOMO rinse repeat, which for someone like me who sees great potential, its kind of saddening to watch. | ||
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FiWiFaKi
Canada9859 Posts
Turns out my choice of company (Suncor) to play that with was the worst performing one so far out of the big 4 in Canada (Suncor, CNRL, Imperial, and Cenovus)... I guess it was the least likely one to go belly up, so I'm not complaining at the 25%, though would have been 50-75% with the others. Still think it has plenty of room to run... They lowered their marginal cost per bbl a lot, doing just the right balance of being environmentally responsible to appease he government but not significantly hamper their income - their dividend is what's making it look unattractive to investors I think. Sell half at 36, and keep the rest until 40-42 is the current game plan, really bullish on oil, will be akin to the steel, timber, and chip shortage for the next 2 years imo. I don't dabble much in meme stocks, but Tellurian caught my interest. Tough to decide what to make of it, right now its getting a lot of attention and that usually bumps its price over fair market, I would be much happier with a $3 entrance, but hard to know if it will see a price that low again after announcing the 2nd 10 year agreement as well. Any thoughts about it from you guys? | ||
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[UoN]Sentinel
United States11320 Posts
On May 20 2021 02:45 {CC}StealthBlue wrote: So Square Space was listed on the exchange today, and immediately went into the red as of this post. Think tech industry is due for a massive correction or whatever it's called. Especially if Crypto continues to slide. This happens to nearly every tech stonk that gets listed This even happened to Facebook | ||
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[UoN]Sentinel
United States11320 Posts
On June 03 2021 02:19 LegalLord wrote: I'm impressed that AMC is getting the GME-like behavior despite the frequent stock purchases that should in theory provide an out to a short squeeze. Guess "GME for poor people" is doing quite well indeed! I'm doubly surprised that this has lasted as long as it did. The people who bought long-dated puts may indeed end up eating their shorts on this one. Market staying irrational longer than shorts can stay solvent if I honestly had to guess (or maybe AMC learned their lessons? but that's optimistic). I got 28/29 put credit spreads expiring 7/16 at 50/50 odds, I don't think it'll fall to 29 by that time | ||
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FreakyDroid
Macedonia2616 Posts
On June 06 2021 10:05 FiWiFaKi wrote: I don't dabble much in meme stocks, but Tellurian caught my interest. Tough to decide what to make of it, right now its getting a lot of attention and that usually bumps its price over fair market, I would be much happier with a $3 entrance, but hard to know if it will see a price that low again after announcing the 2nd 10 year agreement as well. Any thoughts about it from you guys? Trying to From a TA perspective there's a pretty large gap from last week, that usually gets filled, which is probably why you mentioned a 3$ entry and there's a pretty large order block at 2.5 even all the way down to 1.5. On the other hand you have a classic cup and handle that can retest support at 4, which is pretty much the same scenario from August 2016 (which also creates a double bottom with current price action). If you're bullish, I guess you could DCA from ~4 down to ~1.5. But who knows, maybe it will rally even higher ... I'm usually very conservative, so when I see huge rallies in a short time Im always weary of bull traps and wait for pullbacks, that big wick on the weekly suggests a pullback. I could be missing something as well, so YMMV. | ||
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FiWiFaKi
Canada9859 Posts
On June 06 2021 20:04 FreakyDroid wrote: From a TA perspective there's a pretty large gap from last week, that usually gets filled, which is probably why you mentioned a 3$ entry and there's a pretty large order block at 2.5 even all the way down to 1.5. On the other hand you have a classic cup and handle that can retest support at 4, which is pretty much the same scenario from August 2016 (which also creates a double bottom with current price action). If you're bullish, I guess you could DCA from ~4 down to ~1.5. But who knows, maybe it will rally even higher ... I'm usually very conservative, so when I see huge rallies in a short time Im always weary of bull traps and wait for pullbacks, that big wick on the weekly suggests a pullback. I could be missing something as well, so YMMV. Thanks for the analysis. I tend to play pretty conservative too, reversion to mean is one of the biggest pillars of my strategy. I am pretty bullish on Natural Gas though, with time I think it's going to take place of oil as it's seen as a greener alternative, and don't think wind/solar/hydro will be able to provide stability in electricity production for the foreseeable future. Their precovid price though was closer to 10, and I think they will be able to secure the funding to get the go ahead on those two projects. I'll keep my eye on it in the meantime, and going to try to do some digging into the leadership team and the exact viability of the project, see what gives them a competitive edge that these companies would rather sign with Tellurian, rather than getting an established player to do it. | ||
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Emnjay808
United States10657 Posts
I’m looking to get into SPCE and EH. | ||
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BlackJack
United States10574 Posts
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BlackJack
United States10574 Posts
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ShoCkeyy
7815 Posts
I'm also in SPCE, but I got in last year, not during this craze which has been nice on my portfolio. Most of my red currently has been in the penny area with weed stocks. But I'll get out of that hunch soon, it did for my YCBD bid, got in at $.30 and it's now hovering at $3. | ||
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GoTuNk!
Chile4591 Posts
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