/biz/ - Business & Finance

I can't wait to load up my NAK bags

WEEKEND DOW IS BLOOD RED. BLACK MONDAY IS CONFIRMED. SELL EVERYTHING. GO ALL CASH.

https://www.ig.com/en/indices/markets-indices/weekend-wall-street

is HYLN a good buy at 39.75?

TQQQ or SQQQ on Monday?
https://www.strawpoll.me/21043028/r

>>23015144
Fuck I sold Friday and went all cash minus about 500$ in way otm dirt cheap puts. If this bitch does crash I would be soooo happy. Seriously buy lotto tickets in case pres kicks the ole bucket

Start selling covered calls!

>>23015200
warning: dont do this unless youre willing to exit the position and potentially leave money on the table.

>>23015144
It's not possible for my stock picks to go down. #tanker life

Getting pretty annoyed by this happening to me in stocks

1.
>buy stock
>keeps going down

2.
>buy stock
>sell call
>stock goes up
>stock keeps going up
>walk away with paltry gains

These arent even penny stocks. They're promising companies yet somehow I get the short end of stick more often than nit with stocks. How is it almost every pick I make ends up going down for quite some time after I buy versus up? Anyone else know this feel?

>>23015224
The market needs millions more like you so I can make it. Thanks

>>23015215
Its better to sell green and miss out than sell red and be poor.

>>23015224
sounds like you're not doing DD

>>23015177
TQQQ. Drumpf will recover from wu ping cough

>>23015224
What are you buying that goes down long term?
There's nothing wrong with calls getting assigned, looking at lost earnings is hindsight. You were probably paid a fair value for the chance of that gamble paying off. Take your winnings and make a new play.

>>23015224
>complaining about being profitable
You had no way of knowing it would pop, just like you had no way of knowing it would crash. Covered calls allow you to be profitable in either situation. Over time, you will get better at selling covered calls at an appropriate strike.

I sell way OTM weekly puts. Then I take the p-nut gainz and buy SPY partial shares.

This coomer shit is the dumbest forced meme since the Nasdaq rat. I suspect it's the same people who forced that annoying shit. Wonder what the next retarded forced meme will be.

What board should I go to figure out what a good first instrument to learn is? And do not say /mu/ please

>>23015144
why not buy at rock bottom low? Keeep your share, that is if you're invested in anything with intrinsic value. Just add new shares when usually-expensive things go way down?

What are your favorite index funds? How often do you buy bonds?

What should I buy during the crash anons?

I'm poor so I can't afford fucking Berkshire

>>23015467
I made some 10 day soup the other day
I even cut up some hot dogs into it for extra protein

I have 2k in cash on hand to buy during next bloody week? I can easily send over another 4k... think I'm going too crazy buying 6k$ on the dip?

>>23015484
>6k
Somebody stop this mad lad!

bros will I ever recover? I'm afraid of seeing new lows next week after I was working my way back up

>>23015516
You
Are
Finished.

>>23015511
Yeah, tell me about your huge bets. Not everyone has the same amount of money, fag. Congrats you're a spoiled bitch who probably got a shit ton of cash from his parents

>>23015516
Just hold. It will go back up eventually

>>23015573
LMAO I spend daddies money while u wage LOL

does anyone actually make any money off of this shit? (was he right?)

Why the fuck would you dump or be short now? The odds of stimulus are really high. They already agreed to airline aid.

>Yeah, tell me about your huge bets. Not everyone has the same amount of money, fag. Congrats you're a spoiled bitch who probably got a shit ton of cash from his parents

Thanks for pointing out HYLN premiums anon. I might just sell an atm put to get started.

>>23015393
Did you consider killing yourself friend?

>>23015649
What's the point in drawing that many fucking trendlines, it's actually harder to see what's going on not easier wtf

Technical analysis of GME movement. I'm using IBKR so bear with me here (it's absolute dogcrap and I can't make it easier on the eye, plus I can't have VWMAs on weeks/months).

1: Drawing some memelines on the monthlies to get an idea of the overall trend. Surprising nobody, it's downhill from the start in 2013.
Reminder that lines are really just the average of a zone (there is no zone drawing tools in ibkr either...) because of the amount of wicks it captures.
>What does that mean
Only that the big boys (this includes algos) are watching these specific memelines and acting upon them. TA as a whole is a kind of self-fulfilling prophecy.

Of particular interest is the higher horizontal line (at 11.49): it shows a rather strong resistance level that will become important in a moment.
Another important point is the breakout at the end of the chart (where it went from $5->$10 by passing over the middle memeline). Remember when I said the middle memeline was strong? Crossing it on that move is a good sign and suggests that pullbacks will now happen above the memeline.
The last thing to note is volume. It's fairly confused, there does not seem to be any particular accumulation pattern here at first sight. But if you look closer, you can notice strange repeating volume levels on 4/1, 6/1, and 8/3.
On the other hand, there are similarly strange repeating volumes (red this time) on 2/3, 5/1, and 7/1. Those volumes are also lower than the green volumes.
Lastly, green volume is making some higher highs while red volume is making some lower highs this year.
All of this is bullish, basically the monthly is saying a second breakout is likely to happen, so long as the pullback isn't a reversal.

>>23015393
How many shekels do I need for a Jewish gf bros?

>>23015676
HYLN premiums? sorry but what is a premium? Im new

i want the poor people to leave. if you don't have at least $50k in your brokerage account you don't belong here and need to get a fucking job instead of gambling on weeklies like a retard.

>>23015659
See, this is how you use the dumb soijack meme properly. I hope that other faggot who's been spamming it every thread is watching and/or (You)'re him.

>>23015745
but the peak likely won't be as high as in past console releases. The big question is if it will peak late November? or... some time after that?

>>23015649
Clearly not, are you just going to sit there with your finger ready and buy every single time it hits a trend line? That's fucking dumb, you're gonna get poor faster than the gamblers on here

Dis lil baby is a real jewel!

>>23015755
>if you don't have at least $50k in your brokerage account
12k usd
>you don't belong here
Its an anonymous shitposting forum, rich people don't belong here considering they have a much wider availability of things to do with the amount of resources they have. Go play golf or something
>get a fucking job
Have one, shit sucks.
>gambling on weeklies like a retard.
not me
>i want the poor people to leave
no.

>>23015676
No problem fren. I hope I can get in on it soon too. Good luck!

>>23015755
> thinking $50k is enough for not being poor

>>23015904
maybe if investing is your only job... am I the only one with a steady 6 figure wage here? Personal investing is just a fun game for me.

>>23015904
$20,000 in NEE
$10,000 in PLUG
$10,000 in SBE
$10,000 in JNJ
DRIP enabled
Congratulations your wealthy in 5 years.

>>23015834
im not talking about rich people. this place should be for middle/upper-middle class people who are trying to make it. sick of being in the same place as kids betting their student loans trying to get unrealistic 100% returns with the risk of losing everything, instead of having any sort of real strategy.

i can't force you to go but i want you to go and stay go. with a 12k account and a shitty (likely min wage) job, there is an extremely high chance that you have nothing of value to offer investment-wise. it takes money to make money. im not interested in taking huge risks like you kids have to take to make any money in the market.

>>23015922
Let's find out
http://poal.me/g3mvcj

>>23015922
im upper 5 figures but i day trade as a side hustle. so im probably on the same sort of level as you but in a different way.

>>23015745
2: We are now looking at the weekly candles. We kept the same lines as before but added a flimsy yet notable support at 8.79. Also very hopeful, pullbacks below this line are harder to produce. The middle and bottom downtrend lines are visible here and we see the breakout better. The 11.49 line is well-respected on the pullback and the whisk on the latest candle is stopped above 8.79. There's still some clearly automated volume on the volume histograms leading up to the breakout. The red candle stopped below 8.79 could have been take-profits. Likewise with the latest candle. Different groups going off different levels, or more likely part of the entire position being cashed in at the first level, and more at the second level.
The amount of green volume is good news for the bullish thesis, although if it's just shorts covering it's a bit less interesting.
Another sour point is that the stock already did a 4x from the local lows.
There isn't much room to draw an uptrend yet and it's not clear from here how far down we could pullback. Our best indicator is the declining line, but we are looking for a bull case here, so we're going to zoom in and see what happens.

>>23015780
I'll get to that at the end. I'm drilling down first to establish the play, and then I'll give an idea of what levels to expect on the upside.

Doesn't help that captcha refuses to connect all the fucking time for me since weeks ago.

>>23015986
maybe friend. good luck.

>>23015607
What's your current NEET stipend?

>>23015996
appreciate you posting. I got GME as a joke. But I am curious to use it as a litmus test for you fags. I will await the rest of your posts.

>>23016012
4k a month

>>23015986
Yet another poorfag trying to be a dick to poorer people

>>23015964
>this place should be for middle/upper-middle class people
Those people wouldn't hang out in a place like this. This place is for poor wagies like me and rich NEETs.
>>23016027
Nice.

>>23016032
>>23015904
found the mean bully

>>23016050
>ID: RICHnigga

based

>>23016058
It's weekend /smg/ there isnt much going on. Bully or not, as long as someone is posting I'm happy.

Own 6 soda can machines for a passive side income. Vending machines are the divvies of waging. Cases of soda from Sams Club yield a can for $.33. Sell them for $1 a piece and just farm money. Pay the location 10-15% and the rest is gravy if you can do the basic maintence and PMCS.

>>23016058
Sorry but this guy has a < $100k wage and call people with $50k portfolio poor and ask them to leave. I don't think i'm the bully here

>>23015224
>why do two coincidences of single binary action keep happening to meeeeee

Here is my meme portfolio of about $65k

>>23016092
I met a soda guy from a major local casino... YEARS ago, way before covid. he said business was way down. What locations are giving you yields?

>>23016092
Oh shit. How much does a soda machine cost?

>>23015384
mad because you’re unfunny

>>23016102
ok I have JMN and RTX. but boeing? I've been told defense stocks are always low and lsow, but boeing isn't making COMMERCIAL airplanes any time soon.

and why so many banks? every local storefront has closed...

>>23016102
Everything looks good except for BOA and PLTR.

>>23016102
explain your choices and what date/price you entered and why. im curious about your thought process.

>>23016113
An arcade, an old folks home, and 2 apartment complexes.
>>23016112
I got just standard used dixies for around $1200 a piece. Upgraded 2 to take card for $1800

>>23016050
>This place is for poor wagies like me and rich NEETs
Indeed. Troubling to a see normalfags acting like this is their home. If you don't even have a mental illness I don't know why you even come to 4 channel dot organization.

>>23016127
JPM* sorry

>>23015393
>good first instrument to learn is?
piano will give you the fundamentals

>>23015466
> favorite index funds
S&P 500, Mid Cap, Small Cap, International - all blend, doesn't really matter who you buy from when you get low enough expense ratios.

> bonds
Ten year treasury interest rates are near 0%. Don't bother with bonds.

>>23016050
What's the likelihood of elon musk fucking around on here

>>23016140
because I'm hooked, I 've been hooked since 2008 when I was on /v/.Somehow became a normal fag. Lately bored in between shit at work. decided to invest actively. Here I am.

>>23016134
I should add that i have just 100 dollars worth of Palantir, so 0,2% or something. BoA is about 3-4% though. I like to keep JPM, BoA and Chubb at about 10% of the total portfolio.

>>23015996
>>23015745
Thanks for this post anon. It checks out.
My hands are iron.
I guess you could say...
...I have Iron Hands.
ALSO GME COOMING IS FUNNY

Should I cash out my position in T for JNJ? I’m specifically looking for a boring ticker to keep this 9% of my portfolio “stable”. The rest is in tech and other dumb shit

>>23015964
>this place should be for middle/upper-middle class people
Nah fuck you. Petition hiroshimoot for putting /smg/ behind a paywall, lmao. Until that happens I'm going to come here to shitpost and leech of people for stock tips and investing links, niggerfaggot. Go to a dinner party and drink reasonably priced but quality wine that sells for like $40 a bottle while your insufferable girlfriend passive aggressively snipes at her friend because she's got nothing better to do.

>>23016178
Me except /b/ lmfao

>>23016136
I always wanted to buy one of those pizza vending machines, you never see them in america for obvious reasons but I think it would be a big hit.
>>23016140
It's been really bad as of lately. I don't mind them except for the fact that they panic and whine about everything.

>>23016209
>boring ticker to keep this 9% of my portfolio “stable”
UUP

Every week I stack my wageslave buxx into my poorfag Robinhood account. "One day I'll make it" I tell myself, knowing full well I'll probably kms after losing it all

Would be nice if I had a 6 figure account. 500k and I'd likely never have to work again. Could yield anywhere from a 1.5% - 3% weekly return with my strategy. Yet I have a 5 figure account yielding me about $1,000 this past week with the strategy and somehow unsatisfied as I desire to get rich quick and $1k a week seems rather low for the amount of capital and effort required. At least 500k could yield me anywhere from 7.5k to 15k, a week. This includes hedging myself as well.

Anyone else here know these 5 figure feels?

>>23016227
>you never see pizza vending machines in america for obvious reasons
>for obvious reasons
As an American I need to know what those reasons are.

>>23016258
You can barely put a vending machine in most urban areas without certain groups of certain peoples vandalizing it instantly.
Imagine doing the same thing with a fucken pizza vending machine.

>>23016174
He's definitely in 4chan but he's on /a/.
>>23016219
Do forget the paywall that the jannies enforce by making you buy a 4chan pass so you can use a VPN, after they ban you over and over for "off-topic discussion". I know that why they do it.

>>23016258
>I need to know what those reasons are
N

>>23016247
>1.5-3% a week
What's the strategy?
People pay for returns like that.

>>23016247
A 1,5-3% _weekly_ return IS getting rich quick

I've been sick with pnumonia for three months and now I caught covid ;__;
rip me

>>23016238
Too stable too stable!

>>23016289
Sounds like theta gang.

>>23016020
it was a no-brainer at the $6-$7 when we were shilling it, i dunno about $10 range
That's basically like AMD going from $60 to $100 and people are wondering why they are getting fucked by the pullback when they bought over $100

>>23016258
See
>>23016282
>>23016288

>>23016282
I was hoping there was a different answer, should have known better.
>>23016288
How odd, I'm sure I've seen those numerals somewhere.

>>23016289

Probably a wheel strategy on a shitty stock like T or BAC that barely moves for peanut gains.

>>23015996
3: Now here's the dailies.
The volume looks beautiful! If it keeps waning as it's doing at the end of the sequence, not so much. But if it goes back to match the massive green volume we're seeing here, it's certainly loading up for a pump.
I lowered the 11.49 level we drew before to 11.25 which holds better at this timeframe (it's basically the same thing anyway -- remember, it's a range, not a line). I also added some bullish lines. The top 2 are reasonable, the bottom one is speculative and hoping for the best possible bull case.
This is also the first timeframe where ibkr lets me draw VWMAs so here we go. The upper line is 2SD above. We see the wicks are jumping off right that level twice, and for the most part, the entire range looks well respected. 2 or 2.5SD might be watched by the big players there. This is 100VWMA by the way.
The price action in the last few days show a break above the bullish memeline to try to breach 11.25, rejection down into the channel, and into its lower part. This is a clear pullback pattern in my opinion and I expect the price to suffer further. We also see the latest wick bounce off the 8.79 level we drew all the way back on the monthlies. Great! I don't believe it'll hold though. The candles are too big, which means volatility, which means no consolidation, which means more downside in my opinion. I think this is headed to the lower end of the channel before it jumps back up (if it does), but that's being very bullish, because it could well be headed for the SD instead, which would lead to about ~$6 or so before bouncing back (as the price decreases the VWMA and its SDs will flatten and then drop a bit).
I don't see the price go down to the bearish channel we drew on the monthly, which is good news. 4.74 should be the absolute minimum.

Next up, I'll do the entry, stop loss, and price targets for these timeframes.
I'll consider the case we do bounce off the 8.79, and the case we head toward 4.74.

>>23016306
I guess I meant ‘safe’, I just don’t see a reason to stick with T, it feels like a midwit hold

>>23016333
I put my p-nut gainz in SPY partial shares

>>23016282
meanwhile in Japan

>>23016371
I watch a ton of videos about japanese vending machines. The amount of awesome shit we could have in this country if black people weren't here is staggering.

>>23016371
Used to the same in most Northern European countries back before...
:(

>>23016314
I'm in at 9.46
Should I back out?

>>23016371
I hope I get at least one chance to visit before the big habeebabeebaning. Not gonna try to live there like a faggot, just wanna go to Akiba and catch syphillus or however it's spelled at a soapload.

>>23016401
If that were the case we wouldn't have vending machines we'd have replicators

>>23016364

Based.

>>23016299
unless you're some kind of invalid the jinping coof is a at most a few days of bedridden misery

>>23016424
im still holding, i dont have the foresight to have know I should have sold at $11 and bought back in so im just holding brainlessly and sticking to the original plan of selling by November, Q3, or Q4
i doubt November will be the peak. This is not like 2013 at all where people were speculating a year in advance

feels bad seeing +50% turn to +25% though, and i still wouldn't have the guts to write covered calls on something that could potentially have a tender offer announced out of nowhere

>>23016310
>>23016333
For 3% a week? I'm trying to find a ticker to wheel and can't seem to do better than 3% every 2 to 4 weeks.

>>23016459
Don't remind me

>>23015393
Flute and only flute

>>23016498
THE PLAN IS SOLID
I MUST STICK TO THE PLAN
BUT IT HURTS
IT HUUUURRRRTSSSS

Everything I have read, everything from the anti-gme shills to the pro gme-shills and even independent articles say that GME should go up to AT LEAST 15 by the PS5 release date.
But then we have Trump getting Corona, no stimulus package, super contested election...

Fuck it man, I'm holding.

>>23015755
I'm 23 I'm literally throwing 1k out of the 3k in my savings on GME

I got very little to gain and not much to lose.

>>23016484
I got my lungs messed up earlier in the year so I'm terrified and I'm almost 30
Plus it kills children etc

>>23015144
>https://www.ig.com/en/indices/markets-indices/weekend-wall-street

How does this track weekend activity? What weekend activity exists? Dark pools?

>>23016540
Not to shit on GME, but if you actually lose that 1k it will sting a lot worse than you think it will

>>23016540
Not to shit on GME, but if you actually gain 500% on that 1k you will have an ego and cockiness out of this world and lose the rest of your money on your next trade

>>23016615
>win big on GME
>lose it all on NAK
oops

>>23016342
4: Levels for dailies (we're going in the other direction now: dailies -> monthlies).
First thing to notice is that IBKR being niggers, the VWMA is fucked compared to before despite no settings being modified so I'll ignore it here. Someone with noncrap software should try it and report back.
For price levels I like to use fibonacci for orientation, and structural elements for confirmation. I removed most of the lines to have an easier view of the thing. I drew the fib from the low to the first high before retracement. Any fib will do for the analysis with structural elements (usually you like to confirm with other indications as well, the more the better, fib is only here for orientation). You can also use multiple fibs overlapped, and remove lines that don't overlap between the multiple fibs.
Range on this fib is 4.96 and base is 3.75.
The 11.77 level is actually higher than the rejection, which is the 138.2% Level (cannot be drawn with ibkr, but based on the above range and basis, should be 10.64).
The 100% level is 8.75. In general, you really want this level to be higher than your cost basis. If you entered above that level, you fucked yourself. Sorry bros, it's the truth.
The maximum pullback I think is possible based on this is 76.4% (that is, 7.54). I would watch the next candle or three and aim to enter around ~7.9-8.1 (this is about the resistance from the previous pullback). This level is reachable because the bullish down line we drew approximately lines up with it within a few days (the line is very flimsy: it relies on exactly 2 previous structural elements, so it is flexible and also unreliable, but still a decent way to make a bet) and because it's a fairly good structural level. SL no less than 7.1. If so, the bounce back can bring GME to the 261.8% level (16.73). Take profit around 15.5 should be good (it's a strong previous resistance so will almost certainly pullback when reaching this level).

>>23016615
You think I don't know that?
But like >>23016587 said that 1k is over my risk tolerance. But I don't have any more to spend on stocks.

When the time to sell happens and I actually make a decent amount of cash, more than what I've had in years, I'll be able to afford REAL stocks with DIVERSITY. Otherwise my gains will likely remain in the $10 range and my weeklies will only earn me a coffee for Fridays.

>>23015780
100$ is the new 50$(~ more or less) since they bought back half of the outstanding float

>>23016136
>An arcade, an old folks home, and 2 apartment complexes.
How exactly do you convince them to let you plop ur machine down there?

>bought SPAQ before close friday

I'm fucked aren't I?

>>23016640
Win big on GME
Throw it all into NAK
Activate Quantum Immortality
Become a Millionaire

>>23016136
How long did it take to payoff you machines?

Maintenance costs?

>>23016675
If it doesn't pullback that hard and instead stops at 8.71 or so before moving back up, it will moon hard and can easily reach ~24 before a pullback. In that case, SL around 23.8 is good. Again, it will pullback from that level before it can continue.
If on the other hand it does NOT stop at 7.54, it will probably go all the way down to 5.64 (reason: there's not much historical resistance/support, and no structural element in the way to suggest it would stop before). In that case GME is back in a downtrend and the maximum it could rise to would be ~8.71 or so, possibly getting caught at 7.54 and just not recovering. Watch out for this.
In conclusion, when trading the dailies, if you're already engaged, put a stop loss under ~7.1 or you will get fucked far harder than you can handle, believe me. If you want, there are ways to scalp some money back from your losses. Do NOT panic. Also, either sell now and prepare to expect the pullback, or IRON HAND your shit and DO NOT SELL ABOVE 7.1 because if it comes back, you'll be fucked.

Next, let's check the weeklies.

>>23016102
solid portfolio but don't expect strong returns

>>23016762
Offer a percentage of the total sales

>>23016297
NOOOO I NEED TO 10X MY MONEY IN A WEEK OR I'M NEVER GUNNA MAKE ITTTTT

>>23016839
5: Weeklies. Normally you would use different timeframes and/or structural elements, but it becomes an unreadable mess, so instead. I used two fibs (the 100% levels are conserved for reference, but all other lines that did not coincide were removed, and only one of the coinciding lines were kept). This is a bit zoomed out and not too easy to see but whatever.
Pull back toward the 50% level of 6.6 is expected here. Setting a buy limit at around 7.65 ought to do (this is based on previous resistance levels). Set SL around 5.61 (this is actually really wide and in practice you'd rather dig down to the dailies or better, the hourlies to set your stop loss, as the candles edge toward the target). Bouncing here means heading toward 15.87, for which a take profit at 14.32 would be good. It would be unlikely to run harder without a pullback, but if it does, it's straight to 24.16, where a tp of 22.8 or so being favorable.
Unfortunately, if we do NOT bounce off the ~6.6 level, it's straight down back to ~$2. Don't get caught with THOSE bags holy shit.
Not much more to say here. Moving on.

>>23017062
This is interesting but I think console sales figures and 13D filings obviously matter more.
Can you come back in January and say whether you were right so I can feel dumb for not listening?

>>23016839
>>23017062

God dammit I'm nervous.
Gonna hold because the logic is there, but it doesn't make it any less stressful.

>>23017062
I got into GME at 10.30. Do I sell at a loss and buy back in or just HODL? I do not want to be stuck with bags if there’s a big pull back.

Redpill me on NAK like I'm a newfag

>>23016839
Tfw bought in at 9.11 for the meme

Think I'm going to iron hands this shit, maybe buy the dip and average down.

>>23016839
>>23017062
When I'm getting from this overall is if we see it go below 7 abandon fucking ship, otherwise don't panic if it drops a little from where it is now because the tea leaves say it could still bounce up after a small dip from here

>>23017167
We should've listened to the red october rumour. I put out a sell order for all my GME for Monday because they say it'll be black. At least we can make more by buying in at it's lowest.

HYPN bro’s please tell me everything will be okay

>>23017179
green line go up, just wait a month or two

>>23017062
>Unfortunately, if we do NOT bounce off the ~6.6 level, it's straight down back to ~$2.
this is why i don't bother with TA because it can't take into account changes in the situation for GME
there's no way it can go down that low with all the speculation behind Cohen, the short interest, and the start of the new console cycle

i don't see it dipping down lower than its liquidation value even if Cohen dips, though that said I'd also ditch if Cohen ditches (highly doubt that after his symbolic move to increase to 9.98% with the last batch at 8.63)

https://www.vanityfair.com/news/2020/10/this-is-spiraling-out-of-control-allies-panic-about-trumps-hospital-stay-as-white-house-deflects

>Two sources said doctors gave Trump an ultimatum: he could go to the hospital while he could still walk, or doctors would be forced to take him in a wheelchair or on a stretcher at a later point if his health deteriorated
>fever spiked to 103
>administered oxygen at the White House
>"Meadows has said if Trump can get out of the hospital by Tuesday, then he’s gone through the worst of it. But if he’s still there after Tuesday, the worst is yet to come"
>Trump waited to leave for the hospital until the stock market closed on Friday, a source said.

Not looking good..

>>23017062
6: monthlies. Unlike on the other timeframes, we don't see any pullback, we need more candles to know what's going on. Basically if you're not in at 2.3 or so, forget about trading monthies, you're just chasing at this point.
However, the monthlies expect to hit about 18.63 straight up by november (might hit up to ~21 according to the previous resistance levels). This also coincides with the downward channel we drew at the beginning so this seems quite likely to be the top. There's actually nothing to say here. Drill down for good entries and exits because you can't see shit over here. TP around 16 max according to this resolution.
One thing I really like about this chart is that if you go to ~2002ish, the price hit similar levels as in march of this year and hit a resistance at exactly the predicted 18.63 line. It then consolidated under the resistance before breaking through. This could happen again, although that would be extremely unlikely. However this historical precedent leads significant credence to the scenario.

FINAL CONCLUSION:
Stop loss at 7.1 or above.
Take profit 15.5 or so.
If you're not in yet, set limit buys around 8.
Given the weeklies and monthlies, pullback to 7.54 or so is extremely likely. Deeper pullback means the pattern is broken and you should run away or go broke. Shallower pullback means moon mission. The shallower the pullback, the higher the profit potential. >$25 extremely unlikely, but you'll have plenty of time to decide if you take profit and just watch it go, because it's virtually guaranteed not to head straight beyond ~$20.

>>23017146
>>23017167
>>23017183
Im in at 9.46
The potential to hit 24+ is intoxicating
But the negatives are enough to make me want to throw up

>>23017233
Gimme ur cheapies fag I want your insane weekly covered call premiums

>>23017026
All in on NAK, do it you won't.

>>23017200

Yeah, I keep doing this but it seemed GME was about to shoot off so I wanted in. I’m down 10% but I think I’ll put it out by next Friday if nothing has happened.

>>23017258
trump takes into account the stock market for his health lmao

>>23017298
Well yea, the shit pretty clearly reacted to the news, whether it's logical or not

>>23017255
Trading is inherently reactive, not predictive. TA is purely a self-fulfilling prophecy: it works because those who can move the price use it, and for no other reason.
The point of all this analysis isn't to say "why yes, the price will be 999 in 2 seconds, how did you know?", it's rather to understand what are the possible scenarios, and how to know which scenario you are in. For example, it's virtually impossible (<0.00000001% of the time will it happen) that it will pull back to $2 and then head to $30 immediately.
Because it is a self-fulfilling prophecy, a sudden change that makes the company infinitely valuable will not cause a sudden price spike at all. Big accounts will still wait for the pullback, and will do their best to suppress the price until they're fully loaded at that level. However, once they let go, it'll rip. But again, the price won't head straight to the moon, because they'll take profit along the way, and they'll do that at the self-fulfilling prophecy levels.

>>23016502
PLUG is about 3ish "a week" if you do 3-4 lots at a time and do a weekly, 14 day, 21 day, etc. Once you get past your initial 7 and 14, roll those lots to the next "empty" week and so on.

>>23017185
That's exactly right.
>>23017183
That's a good plan, but careful about simply making your bags heavier.
>>23017146
This isn't inherently logical.
>>23017167
Set a stop loss under $8.10 or so. $8.81 at tightest (you can actually do tighter by checking into the hourly and 15m charts but meh). I don't think it's wroth panic selling if you bought the very top, just in case of a freak shallow pullback. If that happens you'll just lose by panic selling. If we breach the above level, it's down to the Approved(tm) pullback level and you should sell.

>>23015393
Piano or guitar probably

>>23017425
Alright anon, thank you for this.
7-7.5 is where to call it for me.
Hope it doesn't get that low.

What do I need to know about HYLN going in? Their product looks good and seems to be the most realistic option for electric trucks, but I'm sure I'm missing something because I always am. What are the dangers I can't find out about just reading their website?

>>23017504
I don’t know but I bought SHLL Thursday and I’m down 500

https://www.youtube.com/watch?v=Vo7WgJSMU_0

He's still in the game

>>23016582
CFD market. Think of them as futures for futures.

CFD trading is defined as ‘the buying and selling of CFDs’, with ‘CFD’ meaning ‘contract for difference’. CFDs are a derivative product because they enable you to speculate on financial markets such as shares, forex, indices and commodities without having to take ownership of the underlying assets.

>>23017328
Thanks Ryan!

I have 50% of my networth in SPAQ, SPCE and SBE.

How fucked am I?

>>23017268
Can you do SPCE

hey how are you all this fine evening?
just got back from a nice motorcycle ride and boy does my back hurt!

>>23017328
Have you thought about starting a youtube channel or blog for this stuff?
I would definitely watch/read it regularly.

>>23017633
Got my wife and her friend to chug soda and burp on my cock. The vibrations feel good and the act itself is just really hot. Going to hit up dune dogs for some hotdogs and then smoke a blunt and watch the office until bed

>>23017633
What's the joke?

>>23017328
i just think you put too much weight into TA when this is the same year where a crazy mix of corona panic and government bux happened. Your analysis is very flawed when you're using the movement from the last 5 years for it when that is all irrelevant now. TA cannot see all the massive deep value shit or all the other factors that can't be seen with the stock price movement (like the share buybacks)

That crazy mix led to so many massive deep value picks this year and it's not restricted to GME. This is the same year we've seen crazy movements on declining things like Ovintiv (+400%), BBBY (+400%), TUP (+2000%), OSTK (+5000%)
Again, trying to predict the future movements from the past 5 years is absolutely ridiculous right now, especially when GME's decline was an unusual case of massive short interest

all this TA shit is just unnecessary FUD, and it should be very clear something is very very flawed on it from the start when part of your analysis is telling you that GME can go straight down to ~$2

>>23017689
knock knock

>>23017689
It's gay slang for bareback

>>23017616
Damn, looks mad juicy. What timeframe are you trading on? I can do it, though far quicker than for GME (full analysis all at once, no details about drawings, etc.).

>>23017650
There are already plenty of these all over the web. Plus, I'd rather contribute to /smg/ itself.

>>23017704
>Plus, I'd rather contribute to /smg/ itself.
yeah make excellent posts that will disappear under an anonymous name never to be seen again even with rigorous efforts to find them

>>23017688
Burp on your cock?

>>23017606
Spacs sound like literal cancer.
https://techcrunch.com/2020/08/21/almost-everything-you-need-to-know-about-spacs
Any latent ones?

>>23017735
Yes

>>23017606
Go all in on NAK with what you have left. It's the only way to save yourself.

>>23017026
Lol i know of an extremely risky strategy that can 3x my money in 2 weeks. BUT you can lose most of it should it not play in ur favor. Am getting to the point of actually doing it mainly cause its usable on one of the stocks ive watched for months

I'm voting for Trump.

Sell everything or no? Market is definitely going to crash next week.

Where the UVXY chads at?

Anyone else holding DRIP?

>>23017811
Nah sell of trump dies but his recovery will be bullish. I’m loading up on TQQQ at open and leaving my NEE and PLUG untouched

what would be a good all in stock now
my money is literally melting away and I need to invest it

>>23017834
gme

>>23017827
>loading up on TQQQ
I wouldn't touch anything leveraged until there's actually good news about him, shit looks questionable right now

Just did some /x/ things and just want to let you know GME will go to at least $40 this year. I will not post again about this and I own 0 GME shares/calls. Do whatever you want with this information.

>>23017854
Thanks schizo. How much will NAK go up to? That's what we all really wanna know.

>>23017854
Based witcher poster

>>23017834
How much do you have?

>>23017852
Eh, his recovery is far more likely than his death so I’m going to stick with TQQQ. Not like if it goes down I’ll have to wait too long for it to shoot back up.

>>23017852
Imagine if his hair thins lol. That’s a noted symptom. I think he should shave it and grow the beard out

>>23017879
20k€

>>23017693
>all this TA shit is just unnecessary FUD
I didn't really find it to be discouraging though, seems like his overall conclusion is to keep calm and watch what happens for now, but if it takes a significant dip get out

>>23017728
>yeah make excellent posts that will disappear under an anonymous name never to be seen again even with rigorous efforts to find them
That's kind of the whole point of this website, yes, welcome, you're here forever. Also if you're unaware there's various archives sites out there that save 4chan threads if you really wanna see old posts

>>23017880
Tell that to the anons who bought over $160 still bagholding

>>23016502
your supposed to sell against calls not stock

>>23017693
The fact is, things like corona do not actually change anything. It means that we'll be in a more pessimistic scenario than normal (e.g. if trump dies tomorrow, maybe we will pull back all the way to $2, only rise back to $6.6, and then fart to death), but it does not change anything about the memelines. For example, do you really think it's a coincidence that the memelines were respected, and the rejection happened exactly where you would expect? Surely nobody could have known trump would get sick so as to make GME dump, right?
That's not actually how it works. The stock would have normally consolidated around 8.7 or so. Now, it may bounce and dive down due to market turning bearish. That's the only difference to the schedule: if the market suddenly turns bullish, it will bounce there. If not, it will dive. That's it.

No TA that was performed before corona hit was invalidated. Here's a quick SPY just for one example. You will NEVER guess what the 138.2% level is! I repeat what I said before: trading is reactive, TA is used to identify what scenario you're in.
TA can never tell you "this is going up". It tells you, "if this happens, it will go up and if not, it will go down ON THIS TIMEFRAME" and it can tell you "60% of the time, this will go up" (that is with patterns as opposed to resistance and support).

>>23017966
I’m not advocating buying over $160 though. I’m advocated buying at a comfy $120-$125

>>23017268
I see this type of analysis all the time, and have not seen conclusive proof that it isn't just number crunching that is pulled outta the ass that works because that is the typical trend of most stonks. I guess it's better than nothing, but it should not be the one and only analysis you should make. GME is a garbage chain retail business that sells limited merchandise that multiple chains also sell, and any exclusivity or expertise that GME claims is superfluous to the hobby and those in said hobby will tell you the same. Just food for thought. I might actually take your advice to play the odds.

>>23017752
SPAC schemes are extremely beneficial for the investors. Don't like the merger or merger doesn't go through? All you lose is opportunity cost (unless you bought too high but that was your choice -- point is the floor is ~$10.3 and not $0). If everyone likes the merger, expect anywhere between 50% and 1500% gains.
They're not quite as good on the company that merges with them, but the SPAC founders sure get rich off of everything.

>>23017872
I was gonna do NAK next, but since you have been mean to me I’m not gonna tell you.

>>23018076
Whatabout me anon?
I've been nice :(

>>23018076
In all seriousness do NEE. It’s the number one stock on /smg/. No serious portfolio lacks NEE

>>23018107
Dude nobody even knows what NEE is

>>23018076
Schizo is a term of endearment. I didn't mean it in a bad way.

>>23015826
FNGU is the one you need

Do you know true pain /smg/?

>>23017688
I used to ask my sister to do the same when we were in high school

>>23018054
Yes, adding fundamentals to the analysis increases the likelihood of correctly guessing the direction the stock will take at the next "hot" level significantly. It can bring the likelihood of a successful trade from 60% all the way to 80% easily.
Doesn't change the levels though. Only time levels can change is when the float is so low even the average retailtard can move the stock.

>>23018126
Maybe the gamblers and retards don’t know but any serious investor parks a chunk in his portfolio.

>>23017795
based

>>23018037
How much do you think it can move up from there? Say i have 12k and get it at an exactly flat 120. So 100 shares. How long until that 12k is 24k? Or am I better off swinging it?

someone tell this elaborate GME fudder to stfu

>>23018152
Did she ever do it? What are her burps like? What was her soda of choice?

>>23018159
>serious investors
Do you know where you are?

>>23018107
What do they even do? All ive been able to gather is that its energy. A powerplant?

Im trying to get rich here not slow and steady for 4 decades

>>23018164
I ride it up 6-7% then liquidate and re-enter on a red day

>>23017834
AMZN big boy iron condors

>>23017504
The danger at this current point in time is that its current cost is debatably over valued
Others will tell you its undervalued and now is the perfect time to buy
Like any other stock its a risk but some day this stock will likely be much more than it is now

>>23018159
>serious investor
>according to self

Anon you know treating people like theyre garbage at investing isnt going to win them over into buying ur pick

>>23018180
They generate power and have a huge customer base. They have 8-9% projected growth through 2024 and pay a decent divvie. They also own the largest renewable energy company on the US (NEER)

>>23018148
Yes

>>23017941
if he wasnt a retard he would take the knowledge gained here and search for shit himself and not even need to use archives

>>23015393
this >>23016153

>>23018188
Oh thats actually a good idea. Was considering something like that before.

>>23017919
>but if it takes a significant dip get out
that's the problem though, he is right that TA is self-fulfilling bullshit, and it's exactly what short sellers want and expect you to do because it's predictable which is why they aren't covering yet.
if you're going to dip out, do it because something has fundamentally changed or the speculation aspect is gone (Cohen dipping out). It's really retarded to base your strategies on TA when it should be very fucking clear since last week the price manipulation that is going on with GME right now, even the dip yesterday was well below average volume

the short squeeze play by November is over. This is now primarily a deep value play because that's the only way short sellers will be convinced to start covering, if people are actually longing GME and Q3 or Q4 are actually decent

>>23018202
I don’t mean offense, I’m trying to help people looking to stabilize a portion of their portfolio with the unarguably best power conglomerate

>>23018148
how much is true pain? 10k? 100k?

>>23018211
>divvie stock
IT'S SHIIIIITTTT

>>23015393
Learn the spoons they're pretty easy.

>>23016113
Bruv, try a high volume car dealership. I have candy machines at a high vol chevrolet store in Florida and those machines make me crazy money I could only imagine what the vending machine makes

>>23018233
MSFT pays the most dividends out of anyone and they are a good company

>>23018245
this is what chronic retardation looks like, people!

>>23018253
Dismissing dividends is the true retard litmus test. It’s like you don’t want to pass on a comfortable life to your children

>>23018245
I'm just meming u m80

>>23018262
>comfortable NEGATIVE 25% returns every 10 years
Wow!
Even SPY is a better deal. Don't go naming a growth stock and pretend it's a divvie stock. It doesn't even pay as much as SPY in dividends. Nobody buys it for dividends. Thus, it cannot be a dividend stock.

>>23018264
No thanks

>>23018276
>comfortable NEGATIVE 25% returns every 10 years
Tell that to KO

>>23018090
I didn’t get as strong of a feeling as I did for GME, but NAK should at least be $2 by EOY. But I’m not really confident in saying that.
>>23018107
Small chance of it going above $300 by EOY. You’re better off with NAK.
I’m not doing any more predictions.

>>23017339
Thanks, I'll check out PLUG. It seems like uncertainty leads to higher premiums. This also sounds like a great timing strategy to spread out the risk.
>>23017971
Yeah I know, I'm looking for tickers with high premium. Right now I'm considering BAC, WFC, PLUG, DPHC, and WKHS.
I'm making a killing on NAK covered calls and I'm using DENN $10 puts as a high yield savings account, because my research says DENN will recover eventually, but I think it doesn't have enough volume to run the wheel reliably. If I get assigned I'll have to hold and sell on an upswing because the next strike up is $12.50.
I am very new at this, I'm sure there are smarter plays.

>>23018291
It's true, all of it. Look, it even (just barely) beats inflation!

>>23017553
When I make it I'm going to pay people to set up flags behind me, wherever I happen to be.

>>23017988
why are you using SPY as an example though, we are talking about individual stock picks
TA will definitely be more reliable with the market index, i am not going to deny that

I asked you to try backtesting TA on deep value shit like OVV where people overreacted and other factors that absolutely cannot be accounted for with TA. While XOM and other oil picks are declining back to March prices, OVV was an example of deep value where it's still +300% above its March prices

that's what we're hoping right now with GME, and that's precisely what made it so easy to enter last month since it was priced just above its liquidation value (value pick/trap) because of the massive short interest

>>23018174
She did it to me every friday almost from 8th grade to 12th grade because those were the days we'd be home after school together. he burps were guttural and unfeminine so a bit of a turn off, i went soft in her throat a few times because of how deep the effervescent octaves went. her soda of choice was always Dr. Pepper.

GME fudder stop fudding i know you have shorts but give it a rest

no matter how long ur posts it doesnt make it any better

>>23018411
How old was she when you were in 8th grade. Did she tease you at the dinner table

>>23018435
she would have been in 10th grade when i was in 8th grade. she did not tease me at the dinner table, she mostly focused on her food because she was/is morbidly obese. sometimes she would burp on accident and look at me and she'd give that look like "people know what we're doing" and then eventually she'd have a relieved look on her face after she burped because she realized that no one knew she burped on my cock. otherwise no teasing at the dinner table, she just sat down and ate and so did i.

>>23017752
>latent
NOVS. Some people are into it, some aren't, but you would be in pretty early if you bought now.

>>23018435
>>23018472
I'M AN ALABAMA NIGGER AND I WANNA BE FREE

>>23017971
Oh I realize I misunderstood your post.
Selling against calls sounds great for leverage but I'm on babby mode with my broker right now.

>>23018426
>GME fudder stop fudding i know you have shorts but give it a rest
Thats what I was thinking as well
The proper move with GME is to just put money you're willing to risk because the only way to beat short sellers is to just go long. Of course that's assuming the pick itself isn't going bankrupt and is actually going to improve its fundamentals, and that's what the DD on its balance sheet and the console cycle was all about

b l n k B L N K

B L NK

why do people get so mad about TA? it's just analyzing price action and volume and identifying patterns which have often repeated themselves enough that it gives you a probabilistic "edge", a high probability setup that when combined with a proper risk structure results in profitability over a large number of trades?

>>23018567
dude this dip is literally nothing

we have a whole month of potentially zero cataylsts and trump is in the hospital

if it goes to 8 who cares ur just bad if u sell

So for the theta gangers here, does anyone use kelly betting on spreads to maximize gianz? I managed to derive the part of my portfolio im supposed to bet but I want to know if anyone else has experience doing this.

>>23018394
>why are you using SPY as an example though, we are talking about individual stock picks
Just a random choice to show that despite corona, the 138.2% level hit precisely the top and that SPY reversed exactly as scheduled. It then went through the floor, but despite the black swan event, everything still checked out.
Would you like me to try with a specific ticker? (of course I also realize it's hard to convince, because how do you know that I'm doing the real analysis and not just modifying it to fit the future we know about).

>I asked you to try backtesting TA on deep value shit like OVV
Where? I see you naming random tickers, but not asking anything about backtesting or these tickers in particular.
Here's a quick OVV. The lower line is -36.8% fib. 3.81 is drawn between 8/9 and 10/18 bottoms. It is the -23.6% level. I didn't even know that it was a fib level before placing the line. It just werk'd. It would have been 0 problem if it didn't match anything. I did not traffic the fib, I drew it zoomed in far away from the jump. I did not adjust it, and I chose a literally random top and bottom.

>>23018359
every dividend stock that also beats inflation is a good stock

>>23018605
I dunno for some reason they think he's trying to FUD but he doesn't even seem to have a negative outlook on the stock overall

>>23018426
He was cool and made us meme lines don't be rude.

>>23018632
Not when SPY beats it by an order of magnitude. Dividends are great when you're too rich to sell your stocks for living expenses, but otherwise they're a trap.

>>23018632
NOOOO YOU COULD MAKE MORE MONEY ELSEWHERE IT'S SHIIIITTTT

>>23018638
Shit, my conclusion is literally that it's very likely to hit ~20. How is that FUD?

>>23018605
>why do people get so mad about TA?
It disagrees with geometric brownian motion based pricing models.

>>23018628
fibb doesn't predict shit, it only looks good in hindsight you fucking faggot. you're better off using actual support and resistance levels as shown by the price action itself, and maybe considering 50% vs. 100% retracements. no one fucking gives a shit about special voodoo fibb numbers. that's not real TA, you might as well be shilling elliot waves.

Trump coughed here after the word “therapeutics” and it was edited out using the morph cut feature

https://twitter.com/notcapnamerica/status/1312534750725201920?s=21

>>23018665
so what?

>>23018312
I like Plug because low barrier to entry and it seems like the company is going places (contracts for forklifts with a few big name companies, plan on producing their own hydrogen, and more) so if I get assigned, it's no big deal.

>>23018722
well, if gbm is true (empirical evidence suggests it is over sufficiently long timeframes) then the edge TA promises to give simply isn't there.

Please tell me HYLN won't keep dumping

what do you guys think of max pain and OI walls and making trades based off of them?

>>23018759
gimme ur cheapies anon

>>23018706
nononono I need a green monday... delete this

>>23018658
honestly i saw it as FUD because the pulling back to ~$2 is just really ludicrous short of a massive black swan event like Gamestop HQ getting nuked or Cohen getting assassinated
how can you expect anyone to take your analysis (at least that part of it) seriously when that's far far below even the net cash value of Gamestop

it just does not make sense at all to be going back as far as 2013, of course you'll end up with some very flawed extrapolations

>>23018700
>fibb doesn't predict shit,
TA doesn't predict shit. In virtually every post I made in this thread I pointed out TA works only as a self-fulfilling prophecy.
People DO look at fibos, which is why they work.
Actual support and resistance ARE at the fibos. There's no difference between using one or the other. Only reason I use fibo here is because I don't have to look back in history to find convincing supports/resistances, fibo just finds them for me. Draw 2 different fibos, and eliminate lines that don't coincide, and you just got rid of the fibo noise without the strong support/resistance levels.

>>23018754
>over sufficiently long timeframes

i feel like the issue with that is that the longer the time frame, the more that macro factors and news events effect the price of a stock. i use it to day trade. also, link to source on empirical evidence that suggests it's true?

>>23018605
>identifying patterns which have often repeated themselves enough that it gives you a probabilistic "edge"
>>23018793
Every pattern which is known and can be used profitabily is acted upon and dissapears.
TA literally doesn't work not even as a self-fulfilling prophecy because if you know that if the price tocuhes 50 it goes down you're (and everyone) already selling at 49. If you know that you will be selling at 48, etc.

>>23018658
Based on real world events GME is probably going to dip below your sell signal because people naturally get bored between catalysts and seek more gains elsewhere.
Your suggestion to sell isn't reasonable, it will cause people to miss out on the most likely moon events like overnight 13D filings, a buyback, a tender offer, and console sales news.

>>23018795
>link to source on empirical evidence that suggests it's true?
Common knowledge actually, it's largely regarded as true. I duckduckgoed a few papers for you anyways.
>https://en.wikipedia.org/wiki/Brownian_model_of_financial_markets
>https://academic.udayton.edu/EPUMD/Volume%202_2006/brownian2.pdf
>https://www.math.unl.edu/~sdunbar1/MathematicalFinance/Lessons/StochasticCalculus/StockMarketModel/stockmarketmodel.pdf
>https://staff.aub.edu.lb/~bm05/ENMG622/set_7_stock.pdf
You can search up a bunch of more papers if you want.

>>23018753
Thanks. I noped when I saw the chart a week or two ago thinking I had missed the rally but I'm giving its a closer look now, yours sounds like a solid endorsement and $14 is a good price to wheel for my portfolio size.

>>23015952
I mean, that's not bad but it's not going to double it

>>23018769
What is max pain, people were talking about this during the GME pin the strike horse race last week.

>>23018753
>>23018892
PLUG does not have positive revenue flows btw. They lose money every quarter.
>https://d18rn0p25nwr6d.cloudfront.net/CIK-0001093691/1eb8817b-9e86-4789-9e6d-05f5683512ab.pdf

>>23018791
>the pulling back to ~$2 is just really ludicrous short of a massive black swan event like Gamestop HQ getting nuked or Cohen getting assassinated
That's also what I said in my analysis though, anon. The optimistic pullback (unlikely) is 9.whatever, the expected (likely) pullback is 7.5something, and $2 is something that only appears on the monthly and is only expected to happen after hitting ~20 at the earliest unless there are some structural elements that I didn't take into account.
This is also visible in the conclusion I posted.

>it just does not make sense at all to be going back as far as 2013,
It doesn't make any difference for the analysis, it was mostly for fluff. The only time it matters is when projecting the most bullish case for 2027 (keep going up and eventually hit 168%++).
The lines corresponding to useful levels will be the same no matter where your low and high are. I invite you to try it out, it's really cool.

>>23018816
>Every pattern which is known and can be used profitabily is acted upon and dissapears.
That's why you set buy limit and take profit some distance from the actual expected levels, and why you put a stop loss as well. The people with big money will sell/buy on the penny, you will never catch that. But a while above/below? Perfectly fine. It's a question of raw volume: you can't just buy/sell the entire thing instantly because it's illegal and will destroy the price. As a result, all the whales are selling at max profit, which leaves tons of room for the little guys, who literally can't move the price.

>>23018844
If the suggested SL is hit, it will keep going down at least to the next resistance level, which is 4.something as I recall. Only then will it go back up. That's because it's where the people with money will accumulate, and they'll want to accumulate until their average isn't so sucky. They choose this level because they watch the fibos. Self-fulfilling p-, and you know the rest.

>>23018769
>what do you guys think of max pain
I hate dat freakin'' fed.

man posting on boards without ids is freeing
i can say some fucking retarded shit and then say something serious in the next post and ill be taken seriously

i'll take this as another opportunity to dump this link again
>https://tickerjunkie.com/market-maker-speaks-ways-market-maker/
TA is the last thing you should be doing in a pick that's being blatantly manipulated

>trump got sick
>media peddling their shit
>markets certainly gonna be bloody red on monday
For fucks sake, I was having a good week too.

whats our buy plan ofr monday? how the fuck did BBBY do so well friday? who is buying their shit?

What’s the first company to hit $2t and actually stay there for good? I’m saying MSFT, AMZN and BABA

>>23018911
Thanks for the link and counterpoint. It's a scary chart for sure, especially seeing the major peak and collapse in the dot com bust.
Why do you think this year's rally happened?

>>23018933
sell gme and then re buy at close

>>23018964
oops meant for >>23018953

>>23018927
If you visit your doctor and he comes into the room smoking a cigar and tells you, "Your lungs are going to fail unless you give up smoking," do you call your doctor a hypocrite? Maybe you do, but it doesn't make him wrong.

That being said, NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER FUCK JANNIES

>>23018933
checked
CNN is literally talking about how Trump can't breathe when he released a video from the hospital 15 min earlier.
WHY IS THE MEDIA ALWAYS LYING
STOP MAKING LINES GO DOWN

>>23018962
>Why do you think this year's rally happened?
no idea why. Doesn't mean I'll trust them though, their fundamentals were and are still bad.

>>23018933
he looks fine
https://www.youtube.com/watch?v=Vo7WgJSMU_0
he's got all the best possible resources available to him. If he's tolerating the antibody treatment well (no weird allergy reactions), then the most worrying part is gone

you should be worried about how smug he's going to be acting about this later on

>>23018921
why are you factoring in 2027 in october 3rd of 2020

some people are holding stocks for like 1 week here dude

not a single person here will still own gamestop in 2027

were not immortal beings man

>>23018999
new twice album is gonna be shit kpop anon

>>23015334
> selling covered calls can’t fail
Explain to a brainlet please. If I buy 100 shares of MSFT at $200 each, then sell covered calls on them for, is it like $20 or something in premiums? Then MSFT plummets to $100. At that point I’ve lost $10k on my stock and made $20 bucks on the premium, right? That is, selling covered calls provides me no protection from the underlying falling in price, do I have this right?

>>23019009
>That is, selling covered calls provides me no protection from the underlying falling in price, do I have this right?
Using your own scenario, you buy msft at $200 each and it drops to $100.
You now have lost 10,000 as opposed to 9980. The covered call gave you $20 worth of downside protection.

>>23018921
The people with money shorted it all the way down to 50% of liquidation value, they chose that level because they figured it was going bankrupt. They made a mistake.
What you failed to answer is that selling at $8.41 like you suggested leaves people missing out on
>overnight 13D filings
>a buyback advocated by Burry
>a tender offer
>and console sales news.
It's just terrible advice, and that's why kpop anon called you a FUDder. If people have no faith in an e-commerce pivot they shouldn't have bought in above $8 anyway, selling will leave them at a loss before critical catalysts overnight catalysts.

>>23019005
they always are in recent years blackpink too

its always shit

>>23018999
YEAH CHECKED
EAT HIS ASS KPOP ANON

>>23019036
fr tho tsb and page 2 are legendary...... blackpink was always pretty piss poor though

>>23015467
Why the fuck would you buy berkshire? Go with oil stocks that have plummeted to prices they were before the year 2000

>>23018953
>how the fuck did BBBY do so well friday?
you're asking why the retailer who sells hand soap and other home shit ended up doing really well? during corona and when people are working from home?

also ~60% short of outstanding, that's the bigger reason. It's actually in a better condition than GME right now for pressuring short sellers. GME is too heavily shorted and it's paradoxically making it harder to squeeze since there's in reality 130 million shares floating around

>>23018929
TA still works the same way. As usual, TA never tells you if it's going up or down, but can give you a probability. Using fundamentals (including things like SI) is a good way to refine the probability dramatically in the right direction.
In the scenario where there is a violent short squeeze, that will happen after a run up that will happen following hitting some pullback. The difference between short squeeze and no short squeeze is simply how high you go once the pullback bottoms out. Similarly, you can use that kind of information to have a better expectation on which specific strong resistance will be the bottom for the pullback. If the SI is high and the sellers are getting tired, this may be the shallow 9.something. However, this is probably unlikely.
You might notice that I previously said that a shallow pullback equals a larger upside. Coincidence, then, that under the thesis that SI is so high the sellers don't have the patience to keep going, we would expect a shallow pullback followed by a shortsqueeze = larger upside?
It's all the same thing anon. You can "read the big guys' minds" by reading the price action, which is what TA is. But you can't read their emotions, or their bank accounts, which is why you're stuck reacting, not predicting, to the market.

>>23017572
Implying Euros control anything.

>>23019037
>EAT HIS ASS KPOP ANON
Knowing kpop anon he'd probably rather just eat his shit

>>23018989
They now produce hydrogen on their own

>>23018999
2020-7 = 2013, 2020+7 = 2027.
>some people are holding stocks for like 1 week here dude
Those people should read the analysis on the dailies and weeklies.
People who are planning to hold for a year should read the monthlies and, based on how long they want to stay in the stock, have an idea of where they should place their orders in case it goes the wrong way.

>>23015607
Your dad must be so proud.

>>23019009
Sell calls and use the premium to buy puts

guys trump looks okay are we bullish again yet?? green monday please

>>23019028
What I'm saying is that if there's an overnight 13D filling, the price would still go down to the next resistance level (where someone would have buy order - stop loss setup similar to those described int he analysis), because the whales will be accumulating at that level/slowly covering shorts without letting the price squeeze (because if they let it squeeze they're fried). They may let it squeeze when they're unloading their final position, and in any case buyers should reengage. As a result, this should cause a bounce toward the next level.

>markets go up
>bears: THIS SHOULDNT BE HAPPENING WE NEED A CRASH
>keep going up
>bears: REEE
>markets crash
>bears: DONT BUY DONT CATCH A FALLING KNIFE
>markets bottom
>bears: *hiding*
>markets start to recover
>bears: DEAD CAT BULL TRAP
>markets recover to previous highs
>bears revert to step 1
It must suck being a bear

new >>23019125
>new >>23019125
new >>23019125
>new >>23019125
new >>23019125
>new >>23019125

>>23019009
It depends on how you use covered calls.
You can use it for downside protection, in which case you sell in the money or at the money calls. Meaning you think the stock will dip in the short term.
Or you can sell to collect profits from gamblers, and sell farther out of the money calls that are unlikely to be executed, but guarantees you profits even if it does.
What nay-sayers like to mention are "missing out" or "holding a stock."
They say "missing out" if your call is executed because it was higher than the strike price. But there was no guarantee that it would have gone up so much. With a covered call, you guarantee a profit for the small chance of "missing out." These are the same people who buy those calls and hope that its not worthless by expiry.
They say "holding stock" is bad because if it goes down you lose money! As you can see, if you hold a GOOD STOCK that you RESEARCHED and not a shitty pump and dump meme, you still hold the stock and it can (will) go back up. Your calls will expire worthless and you keep 100% of the profit. And since you still have the stock, you can sell more calls next week/month.
Knowing what strike and expiry to sell at can take practice though, so don't worry about getting it right every time. Because you actually hold the stock, you don't have to worry so much about big swings.
A good starting point is just buying a good stock and selling calls on a green day and buying them back on a red day. Your stock may only move 1-2% but the price of options could move 20-30%.
There is another factor I didn't go into which is theta (time decay). When you sell options, the value of the option decreases every day automatically as there is "less time" for it to reach the strike price. Basically this means the stock has to go up every day just to break even, but if its flat or down, you profit.

>>23019133
Who cares? It's all for fun. Plus, when my analysis turns out to be right, I'll get to shit up an entire thread to gloat.

>>23019009
yes and youre also stuck bagholding it unable to sell more calls in case it shoots back up

>>23019009
you buy 1 contract in the future with no extrinsic value and you sell 1 for sooner with extrinsic value and keep the difference

>>23016582
I bought $30k of MTG cards in 2009-2011, am I Lambda?

>>23018921
>That's why you set buy limit and take profit some distance from the actual expected levels, and why you put a stop loss as well.
The point is that everyone is doing that and the distance level becomes the new expected level and this process repeats until it drives itslef out of existance.

>>23017328
Super informative, thanks a bunch.

>>23019138
Excellent post, thank you.